# EDGAR Filing Document

**Accession Number:** 0000932381
**File Stem:** 0000932381-26-000094
**Filing Date:** 2026-5
**Character Count:** 87718
**Document Hash:** 044c1e2c95eff6da33c8f7306048e1a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000932381-26-000094.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0000932381-26-000094

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tributary Funds, Inc.
- **CENTRAL INDEX KEY:** 0000932381

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08846
- **FILM NUMBER:** 261024774

**BUSINESS ADDRESS:**
- **STREET 1:** 1620 DODGE STREET
- **STREET 2:** STOP 1075
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68197
- **BUSINESS PHONE:** 1-800-662-4203

**MAIL ADDRESS:**
- **STREET 1:** 1620 DODGE STREET
- **STREET 2:** STOP 1075
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68197

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST FOCUS FUNDS INC
- **DATE OF NAME CHANGE:** 20010731

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST OMAHA FUNDS INC
- **DATE OF NAME CHANGE:** 19941103

## Series and Classes Contracts Data

### Income Fund (Series ID: S000022135)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000063509 | Institutional      | FOINX           |
| C000091255 | Institutional Plus | FOIPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRIBUTARY CAPITAL MANAGEMENT, LLC

- **b. Investment Company Act file number:** 811-08846

- **c. CIK number of Registrant:** 0000932381

- **d. LEI of Registrant:** 2549000T9YMVQWFGOI81

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

  - **Street Address 1:** 1620 DODGE STREET

  - **City:** OMAHA

  - **State:** NE

  - **Foreign country:** US

  - **Zip / Postal Code:** 68197

  - **Telephone number:** 800-662-4203

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

- **a. Name of Series:** TRIBUTARY INCOME FUND

- **b. EDGAR series identifier (if any):** S000022135

- **c. LEI of Series:** 254900UPNDP9IQMK1D04

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

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

- **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:** $174115676.01

**Total Liabilities:** $1613610.62

**Net Assets:** $172502065.39

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1.84600000 | **1-Year:** 153.88610000 | **5-Year:** 10848.06600000 | **10-Year:** 42087.91920000 | **30-Year:** 11699.76440000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 403.65140000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063509 | 0.36%                | 1.63%                | -1.94%               |
| Class ID C000091255 | 0.28%                | 1.65%                | -1.93%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6456.87                | $36330.33                                  |
| Month 2  | $-29219.71               | $2243394.06                                |
| Month 3  | $-12560.13               | $-3733300.55                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T INC                       | AT&T, Inc.                                                       | CUSIP: 00206RBH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1025132.72   | 0.59%             | 2042-12-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC       | Agilent Technologies, Inc.                                       | CUSIP: 00846UAM3<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |   1009000 | PA      | $913142.14    | 0.53%             | 2030-06-04      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AIRBNB INC                     | Airbnb, Inc.                                                     | CUSIP: 009066AD3<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    440000 | PA      | $439008.55    | 0.25%             | 2031-03-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                 | Albemarle Corp.                                                  | CUSIP: 012653AE1<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |    169000 | PA      | $169603.25    | 0.10%             | 2032-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LL | Aligned Data Centers Issuer, LLC                                 | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    960000 | PA      | $950196.00    | 0.55%             | 2046-08-15      | Fixed         | 1.94%                 | Yes           |                  2 | On Loan: No      |
| ALPHABET INC                   | Alphabet, Inc.                                                   | CUSIP: 02079KAG2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    345000 | PA      | $173493.76    | 0.10%             | 2060-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com, Inc.                                                 | CUSIP: 023135DE3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    440000 | PA      | $435765.18    | 0.25%             | 2033-03-13      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| APTARGROUP INC                 | AptarGroup, Inc.                                                 | CUSIP: 038336AB9<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | DBT              | CORP              | US        |    685000 | PA      | $678877.48    | 0.39%             | 2031-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp.                                            | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1191677.39   | 0.69%             | 2032-04-22      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| N/A                            | BlackRock Liquidity Funds T-Fund Portfolio, Institutional Shares | CUSIP: 09248U718<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    715253 | NS      | $715253.32    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                  | The Boeing Co.                                                   | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    330000 | PA      | $359483.06    | 0.21%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities  | Brean Asset Backed Securities Trust                              | CUSIP: 10638CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    877215 | PA      | $836698.29    | 0.49%             | 2063-10-25      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE       | Burlington Northern Santa Fe, LLC                                | CUSIP: 12189LAU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1064760.22   | 0.62%             | 2044-09-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing a | Credit-Based Asset Servicing & Securitization, LLC REMIC         | CUSIP: 12489WFD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38126 | PA      | $45522.69     | 0.03%             | 2033-02-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC              | CBRE Services, Inc.                                              | CUSIP: 12505BAE0<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    745000 | PA      | $665646.84    | 0.39%             | 2031-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC              | CBRE Services, Inc.                                              | CUSIP: 12505BAL4<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    505000 | PA      | $497990.94    | 0.29%             | 2033-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit        | Capital Automotive                                               | CUSIP: 12510HAK6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    543120 | PA      | $536174.83    | 0.31%             | 2051-08-15      | Fixed         | 1.44%                 | Yes           |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC        | CF Hippolyta Issuer, LLC                                         | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    836701 | PA      | $673020.76    | 0.39%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| CSMLT TRUST                    | CSMLT Trust                                                      | CUSIP: 12650UAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     76520 | PA      | $73962.88     | 0.04%             | 2030-10-25      | Variable      | 2.95%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | Credit Suisse Mortgage Trust                                     | CUSIP: 12651RAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    570571 | PA      | $537244.58    | 0.31%             | 2047-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | Credit Suisse Mortgage Trust                                     | CUSIP: 12651YAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    782481 | PA      | $754083.13    | 0.44%             | 2057-08-01      | Variable      | 4.34%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | Credit Suisse Mortgage Trust                                     | CUSIP: 12659TAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    642513 | PA      | $583324.93    | 0.34%             | 2056-11-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE          | The Campbell's Co.                                               | CUSIP: 134429BQ1<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    870000 | PA      | $800946.80    | 0.46%             | 2035-03-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC         | Chubb INA Holdings, LLC                                          | CUSIP: 171232AE1<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    947000 | PA      | $1045565.43   | 0.61%             | 2031-11-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup, Inc.                                                  | CUSIP: 172967NU1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1169680.49   | 0.68%             | 2033-05-24      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust, Inc. REMIC                        | CUSIP: 17307GFQ6<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-CBDO         | CORP              | US        |     55107 | PA      | $56429.23     | 0.03%             | 2034-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust REMIC                              | CUSIP: 17322GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    179970 | PA      | $175775.12    | 0.10%             | 2035-01-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust                                    | CUSIP: 17323TAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    184208 | PA      | $178854.75    | 0.10%             | 2053-01-25      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust                                    | CUSIP: 17327RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    207107 | PA      | $202930.48    | 0.12%             | 2066-01-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST  | Commonbond Student Loan Trust                                    | CUSIP: 20268AAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    231101 | PA      | $201284.58    | 0.12%             | 2051-09-25      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| CONCENTRIX CORP                | Concentrix Corp.                                                 | CUSIP: 20602DAD3<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291794.29    | 0.17%             | 2029-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Tru | COOPR Residential Mortgage Trust                                 | CUSIP: 216926AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    714569 | PA      | $709116.69    | 0.41%             | 2060-09-25      | Variable      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| CoreVest American Finance Ltd  | CoreVest American Finance, Ltd.                                  | CUSIP: 21873CAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     49833 | PA      | $49571.87     | 0.03%             | 2053-08-15      | Fixed         | 1.36%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor | Credit Suisse First Boston Mortgage Securities Corp. REMIC       | CUSIP: 22541NT58<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      9631 | PA      | $9642.41      | 0.01%             | 2033-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor | Credit Suisse First Boston Mortgage Securities Corp. REMIC       | CUSIP: 225458G28<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      1145 | PA      | $1084.95      | 0.00%             | 2027-01-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TWDC ENTERPRISES 18 CORP       | The Walt Disney Co., Class E                                     | CUSIP: 25468PCR5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |   1277000 | PA      | $1091056.27   | 0.63%             | 2041-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP            | Dollar General Corp.                                             | CUSIP: 256677AG0<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    985000 | PA      | $937876.39    | 0.54%             | 2030-04-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp.                                                | CUSIP: 26441CBZ7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1170613.56   | 0.68%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust                               | CUSIP: 26846KAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $600109.86    | 0.35%             | 2071-04-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| EATON CORP                     | Eaton Corp.                                                      | CUSIP: 278058DY5<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    525000 | PA      | $517802.67    | 0.30%             | 2033-03-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EDvestinU Private Education Lo | EDvestinU Private Education Loan Issue No. 3, LLC                | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    278207 | PA      | $260479.73    | 0.15%             | 2045-11-25      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| EMERSON ELECTRIC CO            | Emerson Electric Co.                                             | CUSIP: 291011BT0<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226473.18    | 0.13%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                               | CUSIP: 29273VAY6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1186281.29   | 0.69%             | 2034-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                    | Exelon Corp.                                                     | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    420000 | PA      | $428216.27    | 0.25%             | 2055-03-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                    | Exelon Corp.                                                     | CUSIP: 30161NBR1<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    425000 | PA      | $432563.49    | 0.25%             | 2031-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC             | Meta Platforms, Inc.                                             | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    540000 | PA      | $515419.83    | 0.30%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC             | Meta Platforms, Inc.                                             | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193086.90    | 0.11%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FRTKL                          | FRTKL 2021-SFR1                                                  | CUSIP: 30322DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    915000 | PA      | $900767.91    | 0.52%             | 2038-09-17      | Fixed         | 1.57%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3128MDSH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       242 | PA      | $241.63       | 0.00%             | 2026-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3131WRDM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    162800 | PA      | $161116.48    | 0.09%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 31329KN91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60430 | PA      | $60550.41     | 0.04%             | 2031-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 31329KNC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56088 | PA      | $56129.10     | 0.03%             | 2030-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 31329MWE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    742636 | PA      | $679757.44    | 0.39%             | 2043-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3132A4NY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    252731 | PA      | $244200.53    | 0.14%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3132AATX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    502272 | PA      | $485034.62    | 0.28%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3132DN4Z3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1605317 | PA      | $1562511.09   | 0.91%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3132DNET6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1388107 | PA      | $1322802.29   | 0.77%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3132DNF40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1781585 | PA      | $1641758.16   | 0.95%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3132DNZ48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2410521 | PA      | $2292474.29   | 1.33%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3132DUW52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    786360 | PA      | $799454.34    | 0.46%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3133KNEH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    778344 | PA      | $667546.18    | 0.39%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3133KPL63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    946942 | PA      | $897440.65    | 0.52%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3133KPUC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1350686 | PA      | $1308009.49   | 0.76%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3133KQPM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1185985 | PA      | $1183137.80   | 0.69%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3133KRCF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1131127 | PA      | $1168630.85   | 0.68%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association REMIC                      | CUSIP: 3136AA2B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86568 | PA      | $85161.89     | 0.05%             | 2033-01-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Federal National Mortgage Association Interest Only              | CUSIP: 3136ARP44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    200951 | PA      | $7038.47      | 0.00%             | 2039-01-25      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association REMIC                      | CUSIP: 3136AXJH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    955000 | PA      | $931377.69    | 0.54%             | 2037-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                 | Federal National Mortgage Association REMIC                      | CUSIP: 3136B4TV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | CORP              | US        |    431237 | PA      | $424980.69    | 0.25%             | 2029-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association REMIC                      | CUSIP: 3136BDMZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    573452 | PA      | $517164.48    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3136BWMS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1355834 | PA      | $1356970.96   | 0.79%             | 2036-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association REMIC                      | CUSIP: 31377TP26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    674977 | PA      | $673176.52    | 0.39%             | 2033-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp. REMIC                           | CUSIP: 3137APF70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97798 | PA      | $97106.48     | 0.06%             | 2041-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp. Interest Only REMIC             | CUSIP: 3137BQLW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    545340 | PA      | $85935.42     | 0.05%             | 2045-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp. REMIC                           | CUSIP: 3137FA2U1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    960000 | PA      | $941832.00    | 0.55%             | 2037-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3137FDET5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    740000 | PA      | $700126.95    | 0.41%             | 2032-11-25      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3137FJGV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    291780 | PA      | $286017.25    | 0.17%             | 2051-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Federal Home Loan Mortgage Corp.                                 | CUSIP: 3137HLKL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    510659 | PA      | $520498.73    | 0.30%             | 2036-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138EGHS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    196675 | PA      | $189953.30    | 0.11%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138EJUG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62867 | PA      | $60717.53     | 0.04%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138ESCG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    153814 | PA      | $152324.71    | 0.09%             | 2027-02-01      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138L2LH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1090274 | PA      | $1034011.09   | 0.60%             | 2033-01-01      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138L3G82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1120773 | PA      | $1037455.91   | 0.60%             | 2043-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138W92S8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    235180 | PA      | $226989.35    | 0.13%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138WCQ55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    285016 | PA      | $281187.31    | 0.16%             | 2044-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3138WEY94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    237268 | PA      | $227108.80    | 0.13%             | 2045-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140JWQJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    301627 | PA      | $269756.16    | 0.16%             | 2049-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140Q7XN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    288303 | PA      | $270189.37    | 0.16%             | 2047-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140QMKG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    888352 | PA      | $787477.60    | 0.46%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140QNSX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1141747 | PA      | $1015837.86   | 0.59%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140QP3B1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1744708 | PA      | $1694708.75   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140QQB79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    394023 | PA      | $393268.44    | 0.23%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140QTG86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1476606 | PA      | $1500982.81   | 0.87%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140QVKW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2234830 | PA      | $2227339.87   | 1.29%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140W4JS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    854924 | PA      | $870627.35    | 0.50%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140X6A35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1747006 | PA      | $1538435.64   | 0.89%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140XFLM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2471939 | PA      | $2192106.94   | 1.27%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140XGWR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1744969 | PA      | $1612225.15   | 0.93%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140XHJE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1498455 | PA      | $1427959.63   | 0.83%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140XJ3G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1790676 | PA      | $1649061.91   | 0.96%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140XJWZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    866219 | PA      | $767623.13    | 0.44%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140XKRB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    977222 | PA      | $975967.32    | 0.57%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 3140XLXH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1308637 | PA      | $1299266.19   | 0.75%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 31410LDP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45091 | PA      | $44624.58     | 0.03%             | 2040-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 31416QX83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38612 | PA      | $38213.44     | 0.02%             | 2039-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 31417G3Y0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    269205 | PA      | $246411.48    | 0.14%             | 2043-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 31418MT93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     84718 | PA      | $83842.25     | 0.05%             | 2040-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Federal National Mortgage Association                            | CUSIP: 31419ALS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15798 | PA      | $16571.42     | 0.01%             | 2038-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDEX FREIGHT HOLDING CO       | Fedex Freight Holding Co., Inc.                                  | CUSIP: 314352AG0<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193497.77    | 0.11%             | 2036-03-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mortgage Trust        | Flagstar Mortgage Trust                                          | CUSIP: 33851PAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    534329 | PA      | $481650.12    | 0.28%             | 2051-07-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| FLOWERS FOODS INC              | Flowers Foods, Inc.                                              | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    545000 | PA      | $520689.09    | 0.30%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co., LLC                                       | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    550000 | PA      | $556203.37    | 0.32%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Federal Home Loan Mortgage Corp.                                 | CUSIP: 35563PBF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    504256 | PA      | $478773.72    | 0.28%             | 2056-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Seasoned Credit Risk Transfer Trust                              | CUSIP: 35563PCS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    442325 | PA      | $433782.13    | 0.25%             | 2057-06-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Federal Home Loan Mortgage Corp.                                 | CUSIP: 35563PFB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    226338 | PA      | $215138.80    | 0.12%             | 2057-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Federal Home Loan Mortgage Corp.                                 | CUSIP: 35563PQS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    523855 | PA      | $482489.94    | 0.28%             | 2059-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST             | Seasoned Loans Structured Transaction Trust                      | CUSIP: 35564CDD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1510000 | PA      | $1420325.63   | 0.82%             | 2029-09-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST             | Seasoned Loans Structured Transaction Trust                      | CUSIP: 35564CEJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $472515.90    | 0.27%             | 2029-11-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST             | Seasoned Loans Structured Transaction Trust                      | CUSIP: 35564CEV5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    545646 | PA      | $507849.11    | 0.29%             | 2030-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST             | Seasoned Loans Structured Transaction Trust                      | CUSIP: 35564CGQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    336772 | PA      | $312250.98    | 0.18%             | 2030-09-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 36180MYG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    289712 | PA      | $266172.80    | 0.15%             | 2043-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 3622ACSC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    681290 | PA      | $692735.87    | 0.40%             | 2053-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | The Goldman Sachs Group, Inc.                                    | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1201188.01   | 0.70%             | 2033-02-24      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 38377FJK8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | CORP              | US        |    708902 | PA      | $725772.62    | 0.42%             | 2040-05-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association REMIC                   | CUSIP: 38377V3U8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGSE             | US        |    475412 | PA      | $477430.64    | 0.28%             | 2034-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 38380JH68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGSE             | US        |    305700 | PA      | $295224.04    | 0.17%             | 2050-04-16      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 38380LSA2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGSE             | US        |    347385 | PA      | $337345.76    | 0.20%             | 2069-01-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 38381LY89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    835702 | PA      | $830194.93    | 0.48%             | 2065-03-16      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 38381MJB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    844406 | PA      | $837087.05    | 0.49%             | 2055-10-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 38381MRU6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    854591 | PA      | $855522.50    | 0.50%             | 2042-05-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                         | CUSIP: 38382QLF5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |    490749 | PA      | $484781.38    | 0.28%             | 2051-04-20      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co.                                   | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    625000 | PA      | $604991.73    | 0.35%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust | Home Partners of America Trust                                   | CUSIP: 43730XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    766322 | PA      | $719605.00    | 0.42%             | 2041-01-17      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| Hudson Yards                   | Hudson Yards Mortgage Trust                                      | CUSIP: 44421GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1065000 | PA      | $1012194.74   | 0.59%             | 2039-07-10      | Fixed         | 3.23%                 | Yes           |                  2 | On Loan: No      |
| Hundred Acre Wood Trust        | Hundred Acre Wood Trust                                          | CUSIP: 44590HAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    747577 | PA      | $676682.75    | 0.39%             | 2051-07-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS       | Huntington Ingalls Industries, Inc.                              | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   1097000 | PA      | $1079643.78   | 0.63%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE       | Intercontinental Exchange, Inc.                                  | CUSIP: 45866FAK0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1129651.15   | 0.65%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co.                                             | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1182880.42   | 0.69%             | 2035-01-23      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| KEYCORP                        | KeyCorp                                                          | CUSIP: 49326EEK5<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    470000 | PA      | $459842.63    | 0.27%             | 2027-04-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| KROGER CO                      | The Kroger Co.                                                   | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    665000 | PA      | $656596.34    | 0.38%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAND O LAKES CAP TRST I        | Land O'Lakes Capital Trust I                                     | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $541620.78    | 0.31%             | 2028-03-15      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| LEVI STRAUSS & CO              | Levi Strauss & Co.                                               | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    400000 | PA      | $366251.92    | 0.21%             | 2031-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| LINCOLN W HAYMARKET NE JT PUBL | West Haymarket Joint Public Agency                               | CUSIP: 534366AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $441218.88    | 0.26%             | 2039-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFRA Trust                                                       | CUSIP: 55284TAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    320913 | PA      | $317096.09    | 0.18%             | 2066-04-25      | Variable      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                       | Mars, Inc.                                                       | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    685000 | PA      | $691521.71    | 0.40%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| MCDONALD'S CORP                | McDonald's Corp.                                                 | CUSIP: 58013MFK5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1115565.07   | 0.65%             | 2049-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta | Mello Mortgage Capital Acceptance                                | CUSIP: 58549XAF0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    662239 | PA      | $593433.90    | 0.34%             | 2051-08-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH         | Molex Electronic Technologies, LLC                               | CUSIP: 60856BAF1<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |    430000 | PA      | $435658.87    | 0.25%             | 2032-04-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                   | CUSIP: 61747YEU5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1197307.30   | 0.69%             | 2033-07-20      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                      | The Mosaic Co.                                                   | CUSIP: 61945CAD5<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |    819000 | PA      | $827706.71    | 0.48%             | 2033-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NMABS Issuer I, LLC.           | NMABS Issuer I, LLC                                              | CUSIP: 629174AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    644463 | PA      | $631070.19    | 0.37%             | 2055-11-22      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| NNN REIT INC                   | NNN REIT, Inc.                                                   | CUSIP: 637417AL0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996283.09    | 0.58%             | 2028-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust                                       | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    315726 | PA      | $281498.02    | 0.16%             | 2070-02-18      | Fixed         | 1.11%                 | Yes           |                  2 | On Loan: No      |
| Nelnet Student Loan Trust      | Nelnet Student Loan Trust                                        | CUSIP: 64034YAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148648 | PA      | $141817.67    | 0.08%             | 2062-04-20      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| Nelnet Student Loan Trust      | Nelnet Student Loan Trust                                        | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    265671 | PA      | $253279.04    | 0.15%             | 2062-04-20      | Fixed         | 1.36%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust REMIC                        | CUSIP: 64829CAA6<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-CBDO         | CORP              | US        |     72224 | PA      | $69610.71     | 0.04%             | 2052-05-28      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust REMIC                        | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    120729 | PA      | $116158.07    | 0.07%             | 2054-11-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust REMIC                        | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    209124 | PA      | $203110.47    | 0.12%             | 2055-08-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust                              | CUSIP: 64830GAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    209236 | PA      | $204052.17    | 0.12%             | 2057-12-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust                              | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    162532 | PA      | $152195.67    | 0.09%             | 2059-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                  | CUSIP: 64972FT30<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    340000 | PA      | $340282.98    | 0.20%             | 2042-06-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV | Empire State Development Corp.                                   | CUSIP: 650035TD0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204594.10    | 0.12%             | 2039-03-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                   | NiSource, Inc.                                                   | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1088691.73   | 0.63%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | Onslow Bay Financial LLC                                         | CUSIP: 67116WAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    513198 | PA      | $466044.17    | 0.27%             | 2052-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2026-NQM5 Trust                                              | CUSIP: 67124DAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360000 | PA      | $360214.09    | 0.21%             | 2066-01-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | Onslow Bay Financial LLC                                         | CUSIP: 67449LAA9<br>LEI: 2549003HKVOL66FLG606 | Long             | ABS-MBS          | CORP              | US        |    543227 | PA      | $539868.24    | 0.31%             | 2065-10-25      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp.                                                     | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    665000 | PA      | $633451.54    | 0.37%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp.                                                     | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    400000 | PA      | $385472.55    | 0.22%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PSMC Trust                     | PSMC Trust                                                       | CUSIP: 69376DAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    741207 | PA      | $670465.66    | 0.39%             | 2051-08-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| PAYCHEX INC                    | Paychex, Inc.                                                    | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    475000 | PA      | $477052.13    | 0.28%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE       | Pioneer Natural Resources Co.                                    | CUSIP: 723787AR8<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    385000 | PA      | $346958.37    | 0.20%             | 2031-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust     | Progress Residential Trust                                       | CUSIP: 74333HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    805819 | PA      | $799005.01    | 0.46%             | 2038-07-17      | Fixed         | 1.52%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru | Provident Funding Mortgage Trust                                 | CUSIP: 74387YAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1156683 | PA      | $1036911.53   | 0.60%             | 2051-04-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| QUALCOMM INC                   | QUALCOMM, Inc.                                                   | CUSIP: 747525AV5<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $913209.80    | 0.53%             | 2047-05-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | Woodward Capital Management                                      | CUSIP: 74938FAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    661398 | PA      | $589007.55    | 0.34%             | 2052-01-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management    | Woodward Capital Management                                      | CUSIP: 74940EAA5<br>LEI: 254900JZ559190WVJ551 | Long             | ABS-MBS          | CORP              | US        |    583315 | PA      | $576893.66    | 0.33%             | 2056-02-25      | Variable      | 4.76%                 | Yes           |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp.                                                        | CUSIP: 75513ECA7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1252000 | PA      | $1188061.40   | 0.69%             | 2040-10-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP         | Regions Financial Corp.                                          | CUSIP: 7591EPAT7<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    830000 | PA      | $779004.39    | 0.45%             | 2028-08-12      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP         | Regions Financial Corp.                                          | CUSIP: 7591EPAV2<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500681.01    | 0.29%             | 2035-09-06      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In | Residential Accredit Loans, Inc. Trust REMIC                     | CUSIP: 76110G6V8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     13500 | PA      | $8576.98      | 0.00%             | 2027-01-07      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust         | SLM Student Loan Trust                                           | CUSIP: 78444GAC8<br>LEI: 549300OORAXMFXOHG132 | Long             | ABS-MBS          | CORP              | US        |    272482 | PA      | $271796.64    | 0.16%             | 2083-10-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust         | SLM Student Loan Trust                                           | CUSIP: 78445AAD8<br>LEI: 549300EQOYJZL2D96G46 | Long             | ABS-MBS          | CORP              | US        |    386219 | PA      | $387052.81    | 0.22%             | 2029-04-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Sabey Data Center Issuer LLC   | Sabey Data Center Issuer, LLC                                    | CUSIP: 78520EAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435000 | PA      | $432091.94    | 0.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust REMIC                                     | CUSIP: 81746MAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     80922 | PA      | $79553.74     | 0.05%             | 2030-11-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust                                           | CUSIP: 81748WAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    651520 | PA      | $585405.34    | 0.34%             | 2051-06-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage | Sutherland Commercial Mortgage Trust                             | CUSIP: 86935CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    448181 | PA      | $427845.86    | 0.25%             | 2041-04-25      | Variable      | 2.86%                 | Yes           |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage | Sutherland Commercial Mortgage Trust                             | CUSIP: 86935JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    180972 | PA      | $169931.91    | 0.10%             | 2041-12-25      | Variable      | 1.55%                 | Yes           |                  2 | On Loan: No      |
| TTX CO                         | TTX Co.                                                          | CUSIP: 87305QCN9<br>LEI: 549300I8CNSYS1OGX775 | Long             | DBT              | CORP              | US        |    815000 | PA      | $699327.11    | 0.41%             | 2049-02-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| TAPESTRY INC                   | Tapestry, Inc.                                                   | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    525000 | PA      | $530452.60    | 0.31%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TEXAS ELECTRIC MKT STABL       | Texas Electric Market Stabilization Funding N, LLC               | CUSIP: 88240TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560294 | PA      | $556397.71    | 0.32%             | 2034-08-01      | Fixed         | 4.26%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust                                        | CUSIP: 89190KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726316 | PA      | $722406.78    | 0.42%             | 2065-06-25      | Variable      | 4.81%                 | Yes           |                  2 | On Loan: No      |
| Tricon American Homes          | Tricon American Homes Trust                                      | CUSIP: 89613JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1097710 | PA      | $1045644.56   | 0.61%             | 2039-11-17      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential             | Tricon Residential Trust                                         | CUSIP: 89616QAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    605436 | PA      | $599843.60    | 0.35%             | 2039-04-17      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP          | Truist Financial Corp.                                           | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1166853.23   | 0.68%             | 2034-01-26      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| US BANCORP                     | U.S. Bancorp                                                     | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1190873.92   | 0.69%             | 2034-02-01      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Bond                                               | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9910000 | PA      | $8463372.29   | 4.91%             | 2043-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9190000 | PA      | $5350303.13   | 3.10%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Bond                                               | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2310000 | PA      | $1852241.02   | 1.07%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Bond                                               | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    275000 | PA      | $259563.48    | 0.15%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8105000 | PA      | $7416708.16   | 4.30%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13540000 | PA      | $12006700.75  | 6.96%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4640000 | PA      | $4554993.76   | 2.64%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2750000 | PA      | $2781582.05   | 1.61%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1550000 | PA      | $1549576.17   | 0.90%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | U.S. Treasury Note/Bond                                          | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $292640.63    | 0.17%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC       | Vantage Data Centers, LLC                                        | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-CBDO         | CORP              | US        |    620000 | PA      | $606576.01    | 0.35%             | 2055-08-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust                           | CUSIP: 92259PAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    288655 | PA      | $291945.44    | 0.17%             | 2054-04-25      | Variable      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications, Inc.                                     | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    905000 | PA      | $631394.51    | 0.37%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust                                       | CUSIP: 92541JAA9<br>LEI: 2138009KJR7Q44BI8668 | Long             | ABS-CBDO         | CORP              | US        |    716228 | PA      | $712706.91    | 0.41%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC           | Waste Management, Inc.                                           | CUSIP: 94106LBP3<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    935000 | PA      | $812409.45    | 0.47%             | 2031-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co.                                                | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1174781.20   | 0.68%             | 2035-12-03      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust                            | CUSIP: 95004JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    480000 | PA      | $502222.75    | 0.29%             | 2058-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust                            | CUSIP: 95005BAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $470603.50    | 0.27%             | 2059-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Tributary Funds, Inc.

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer