# EDGAR Filing Document

**Accession Number:** 0000722574
**File Stem:** 0001752724-25-176711
**Filing Date:** 2025-7
**Character Count:** 183667
**Document Hash:** 954dbede9b19b9bb90eea5686f59ab81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-176711.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-176711

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY ADVISOR SERIES I
- **CENTRAL INDEX KEY:** 0000722574

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03785
- **FILM NUMBER:** 251146304

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY ADVISOR SERIES 1
- **DATE OF NAME CHANGE:** 19930706

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY BROAD STREET TRUST
- **DATE OF NAME CHANGE:** 19920820

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Fidelity Real Estate High Income Fund (Series ID: S000017688)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000048884 | Fidelity Real Estate High Income Fund |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Advisor Series I

- **b. Investment Company Act file number:** 811-03785

- **c. CIK number of Registrant:** 0000722574

- **d. LEI of Registrant:** C7J4FOV6ELAVE39B7M82

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Real Estate High Income Fund

- **b. EDGAR series identifier (if any):** S000017688

- **c. LEI of Series:** VC3DWMJ0Z58CVJ2Y1Q08

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**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:** $782731293.69

**Total Liabilities:** $7450075.81

**Net Assets:** $775281217.88

**Cash Not Reported:** $147463.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1522.11247422 | **1-Year:** 16884.85982796 | **5-Year:** 70232.97268470 | **10-Year:** 47338.43197070 | **30-Year:** 262.00379710

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

- **3-Month:** 1795.92208336 | **1-Year:** 44710.94105089 | **5-Year:** 71984.73624627 | **10-Year:** 7210.15389090 | **30-Year:** 0.01817000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048884 | 0.06%                | -0.11%               | 1.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-63042.38               | $-3316025.34                               |
| Month 2  | $285894.99               | $-4227888.66                               |
| Month 3  | $-1022954.40             | $5899575.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2003-W10 2B5 CSTR 6/43                                                                           | CUSIP: 31393DUN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |      6656 | PA      | $87.62        | 0.00%             | 2043-06-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 4.441% 09/15/2055                                                              | CUSIP: 054976AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2719000 | PA      | $2599510.55   | 0.34%             | 2055-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMM 2006 FL12                                                                    | COMM 2014-CR20 C CSTR 11/10/2047                                                                     | CUSIP: 12592LBP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    501480 | PA      | $483727.32    | 0.06%             | 2047-11-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG E TSFR1M+418.849 11/15/2034 144A                            | CUSIP: 81631WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2627000 | PA      | $2619829.87   | 0.34%             | 2034-11-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2011-C3                                         | JPMCC 2011-C3 G CSTR 02/15/2046 144A                                                                 | CUSIP: 46635TBK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1082000 | PA      | $143195.23    | 0.02%             | 2046-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CAMB COML MTG TR 2019-LIFE                                                        | CAMB COML MTG TR 2019-LIFE TSFR1M+336.448 12/15/2037 144A                                            | CUSIP: 12482HAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4642000 | PA      | $4604215.05   | 0.59%             | 2037-12-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2023-SHIP                                                     | GS MTG SECS CORP TR 2023-SHIP 7.68138% 09/10/2038 144A                                               | CUSIP: 36270GAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3235000 | PA      | $3256383.67   | 0.42%             | 2038-09-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2021-SAVE                                                 | WELLS FARGO COML MTG TR 2021-SAVE E TSFR1M+376.448 02/15/2040 144A                                   | CUSIP: 95003LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450400 | PA      | $450134.07    | 0.06%             | 2040-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-LP2                                             | BX 2022-LP2 G TSFR1M+411.27 02/15/39 144A                                                            | CUSIP: 05610HAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1213800 | PA      | $1204884.15   | 0.16%             | 2039-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX 2021-MFM1                                                                      | BX 2021-MFM1 G TSFR1M+401.448 01/15/2034 144A                                                        | CUSIP: 05608VAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291900 | PA      | $289686.28    | 0.04%             | 2034-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BN28                                                                    | BANK 2020-BN28 2.5% 03/15/2063 144A                                                                  | CUSIP: 06540YBH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903000 | PA      | $640371.39    | 0.08%             | 2063-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 23-2                                               | MSWF COMMERCIAL MORTGAGE TRUST 23-2 B 7.252% 12/15/2056                                              | CUSIP: 55361AAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1070000 | PA      | $1131449.57   | 0.15%             | 2056-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                                           | UBSCM 2012-C1 F CSTR 5/10/45 144A                                                                    | CUSIP: 90269GAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2484000 | PA      | $793227.64    | 0.10%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| BANK 2017-BNK4                                                                    | BANK 2017-BNK4 D 3.357% 05/15/2050 144A                                                              | CUSIP: 06541FAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2308000 | PA      | $1744818.69   | 0.23%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ELP COMMERCIAL MORTGAGE TRUST 2021-ELP                                            | ELP COMMERCIAL MORTGAGE TRUST 2021-ELP TSFR1M+323.048 11/15/2038 144A                                | CUSIP: 26863LAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1248547 | PA      | $1240743.30   | 0.16%             | 2038-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                        | BMO 2022-C1 MORTGAGE TRUST CSTR 02/15/2042 144A                                                      | CUSIP: 05609MDC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $1282845.40   | 0.17%             | 2055-02-17      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C49                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C49 VAR 03/15/2052                                        | CUSIP: 95001WBG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3863000 | PA      | $3687277.92   | 0.48%             | 2052-03-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust 2022-C14                                                     | BBCMS Mortgage Trust 2022-C14 A5 2.946% 02/15/2055                                                   | CUSIP: 07336AAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3302000 | PA      | $2886348.53   | 0.37%             | 2055-02-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-DIME                                                                | BX TRUST 2025-DIME 7.32871% 02/15/2035 144A                                                          | CUSIP: 05613UAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3267000 | PA      | $3241662.13   | 0.42%             | 2035-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2020-GC45                                                          | GS MTG SECS TR 2020-GC45 3.21854% 12/13/2039 144A                                                    | CUSIP: 36258YAY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1764000 | PA      | $1335317.66   | 0.17%             | 2039-12-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6                                   | MORGAN STAN BAML TR-2012-C6 F CSTR 11/15/2045 144A                                                   | CUSIP: 61761DAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1575000 | PA      | $214215.75    | 0.03%             | 2045-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2016-CD2 MTG TR                                            | CD 2016-CD2 D CSTR 11/49                                                                             | CUSIP: 12515AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1680000 | PA      | $408752.23    | 0.05%             | 2049-11-10      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST 2021                                                 | CREDIT SUISSE MORTGAGE TRUST 2021-BRIT A TSFR1M+357.368 92 05/09/2026 144A                           | CUSIP: 12658RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3038314 | PA      | $2965276.63   | 0.38%             | 2026-05-09      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| DBGS 2019-1735 MTG TR                                                             | DBGS 2019-1735 F CSTR 04/10/2037 144A                                                                | CUSIP: 23307EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $643119.80    | 0.08%             | 2037-04-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2019-10K                                                 | NATIXIS COML MTG SECS TR 2019-10K CSTR 05/15/2039 144A                                               | CUSIP: 63874UAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3014000 | PA      | $2571826.91   | 0.33%             | 2039-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B21 MTG TR                                                         | BENCHMARK 2020-B21 MTG TR 2% 12/17/2053 144A                                                         | CUSIP: 08163LBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $1105125.02   | 0.14%             | 2053-12-17      | Fixed         | 0.02%                 | No            |                  3 | On Loan: No      |
| BX 2021-VOLT                                                                      | BX 2021-VOLT F TSFR1M+251.448 09/15/2036 144A                                                        | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3227000 | PA      | $3200780.63   | 0.41%             | 2036-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BPR TR 2024-PMDW                                                                  | BPR TR 2024-PMDW B VAR 11/05/2029 144A                                                               | CUSIP: 05592VAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1314000 | PA      | $1321720.67   | 0.17%             | 2041-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2024-RVR                                                      | GS MTG SECS CORP TR 2024-RVR VAR 08/10/2029 144A                                                     | CUSIP: 36272JAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    939000 | PA      | $935340.15    | 0.12%             | 2041-08-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ROCC 2024-CNTR E                                                                  | ROCC 2024-CNTR E 8.81906% 11/13/2041 144A                                                            | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4917000 | PA      | $5131950.10   | 0.66%             | 2041-11-13      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9                                   | MSBAM 13-C9 D CSTR 5/15/46                                                                           | CUSIP: 61762DAG6<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3634888.00   | 0.47%             | 2046-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMER TR 2021-ESH                                                    | EXTENDED STAY AMER TR 2021-ESH F TSFR1M+381.448 07/15/2038 144A                                      | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4038182 | PA      | $4038181.80   | 0.52%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2018-C44                                                  | WELLS FARGO COML MTG TR 2018-C44 3% 05/15/2051 144A                                                  | CUSIP: 95001JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3949000 | PA      | $3017781.57   | 0.39%             | 2051-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C8                                                              | BBCMS MTG TR 2020-C8 2.25% 10/15/2053 144A                                                           | CUSIP: 05552AAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3013000 | PA      | $1914340.28   | 0.25%             | 2053-10-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP                                                                 | SREIT TR 2021-MFP G TSFR1M+308.828 38 11/15/2038 144A                                                | CUSIP: 78472UAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5032210 | PA      | $5012300.75   | 0.65%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.45% 02/15/2034                                                                 | CUSIP: 03027XCH1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1110725.59   | 0.14%             | 2034-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2017-COR2                                                                    | COMM 2017-COR2 D 3% 09/10/2050 144A                                                                  | CUSIP: 12595EAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1146000 | PA      | $993734.53    | 0.13%             | 2050-09-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VASA TR 2021-VASA                                                                 | VASA TR 2021-VASA F TSFR1M+401.448 04/15/2060 144A                                                   | CUSIP: 92230AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3009000 | PA      | $2295647.04   | 0.30%             | 2039-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2015-SG1                                                  | WELLS FARGO COML MTG TR 2020-C57 D 2.5% 08/15/2053 144A                                              | CUSIP: 95002XAC9<br>LEI: 549300ZJL46M82UL2Z22 | Long             | ABS-MBS          | CORP              | US        |   2108000 | PA      | $1608073.47   | 0.21%             | 2053-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BLUE STREAM ISSUER LLC                                                            | BLUE STREAM ISSUER LLC 8.71% 11/20/2054 144A                                                         | CUSIP: 09606BAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1750000 | PA      | $1830012.10   | 0.24%             | 2054-11-20      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                             | SWITCH ABS ISSUER LLC 6.5% 03/25/2054 144A                                                           | CUSIP: 871044AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1260504.00   | 0.16%             | 2054-03-25      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C3                                                         | WFRBS 2011-C3 D CSTR 3/44                                                                            | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1284756 | PA      | $417545.72    | 0.05%             | 2044-03-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                                        | J P MORGAN CHASE COML MTG SECS TR 2020-NNN GFX CSTR 01/16/2037 144A                                  | CUSIP: 46652BBQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    942000 | PA      | $91835.58     | 0.01%             | 2037-01-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                                   | BANK 2023-BNK46 B 6.963% 08/15/2056                                                                  | CUSIP: 06541DBT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1675000 | PA      | $1761957.63   | 0.23%             | 2056-08-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AMR HMS 15-SFR2                                                                   | AMERICAN HOMES 4 RENT 2015-SFR2 TR VAR 10/17/2045 144A                                               | CUSIP: 02666BAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2463541 | PA      | $24.64        | 0.00%             | 2052-10-17      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| BBCMS MTG TR 2025-C32                                                             | BBCMS MTG TR 2025-C32 VAR 02/15/2063                                                                 | CUSIP: 07337AAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2732000 | PA      | $2693979.30   | 0.35%             | 2062-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C4 MTG TR                                                                | BMO 2023-C4 MTG TR CSTR 02/15/2056                                                                   | CUSIP: 05610CAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2468000 | PA      | $2446153.26   | 0.32%             | 2056-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C13                                                        | WFRBS COML MTG TR 2013-C13 D CSTR 05/15/2045 144A                                                    | CUSIP: 92937UAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1190587 | PA      | $1092470.54   | 0.14%             | 2045-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BPR TR 2024-PMDW                                                                  | BPR TR 2024-PMDW VAR 11/05/2029 144A                                                                 | CUSIP: 05592VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    766000 | PA      | $705123.68    | 0.09%             | 2041-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2021-B29 MORTGAGE TRUST                                                 | BENCHMARK 2021-B29 A5 MORTGAGE TRUST 2.3879% 09/15/2054                                              | CUSIP: 08163JAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2055000 | PA      | $1768677.06   | 0.23%             | 2054-09-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TR 2017-WWP                                                       | WORLDWIDE PLAZA TR 2017-WWP F CSTR 11/10/2036 144A                                                   | CUSIP: 98162JAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1695000 | PA      | $84750.00     | 0.01%             | 2036-11-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2012-GCJ9                                                          | GS MTG SECS TR 2012-GCJ9 VAR 11/10/2045 144A                                                         | CUSIP: 36192PAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2035486 | PA      | $1954066.75   | 0.25%             | 2045-11-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2025-800D                                       | GS MORTGAGE SECURITIES CORP TRUST 2025-800D B TSFR1M+315 11/17/2029 144A                             | CUSIP: 36273XAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1325000 | PA      | $1325077.38   | 0.17%             | 2041-11-25      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MERIT 2021-STOR G TSFR1M+286.448 07/15/2038 144A                                                     | CUSIP: 55293BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4235000 | PA      | $4227059.38   | 0.55%             | 2038-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                                         | BENCHMARK 2022-B36 AS MTG TR 4.9505% 07/15/2055                                                      | CUSIP: 08163QBM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1190000 | PA      | $1150225.44   | 0.15%             | 2055-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-IND                                                                 | SREIT TR 2021-IND G TSFR1M+338.026 21 10/15/2038 144A                                                | CUSIP: 78473JAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3339000 | PA      | $3289889.65   | 0.42%             | 2038-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C11                                                        | WFRBS 2013-C11 E VAR 3/45                                                                            | CUSIP: 92937EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4999000 | PA      | $3398874.59   | 0.44%             | 2045-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                                       | JPMCC 2014-DSTY E CSTR 06/27                                                                         | CUSIP: 46642MAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4232000 | PA      | $10586.77     | 0.00%             | 2027-06-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JP MORGAN CHASE CMS TR 12-CIBX 4.0% 06/15/2045 144A                                                  | CUSIP: 46637WAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3743000 | PA      | $3098426.20   | 0.40%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2024-V11 MTG TR                                                         | BENCHMARK 2024-V11 MTG TR 6.295% 11/15/2057                                                          | CUSIP: 081921BE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2621000 | PA      | $2637076.69   | 0.34%             | 2057-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COMM 2017-COR2                                                                    | COMM 2017-COR2 VAR 09/10/2050                                                                        | CUSIP: 12595EAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1192000 | PA      | $1123173.32   | 0.14%             | 2050-09-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                  | VB-S1 ISSUER LLC 8.871% 05/15/2054 144A                                                              | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5192000 | PA      | $5378252.62   | 0.69%             | 2054-05-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C4 MTG TR                                                                | BMO 2023-C4 MTG TR VAR 02/15/2056                                                                    | CUSIP: 05610CAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1186000 | PA      | $1182588.83   | 0.15%             | 2056-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10                                    | BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10 B 3.79% 06/15/2049                                    | CUSIP: 06054MAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3085000 | PA      | $3005852.78   | 0.39%             | 2049-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-SOAR                                            | BX COMMERCIAL MORTGAGE TRUST 2021-SOAR J 3.85% 06/15/2023 144A                                       | CUSIP: 05608WAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2630213 | PA      | $2615207.27   | 0.34%             | 2038-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-PAC                                             | BX COMMERCIAL MORTGAGE TRUST 2021-PAC G TSFR1M+306.058 21 10/15/2036 144A                            | CUSIP: 05609PAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3192000 | PA      | $3158085.00   | 0.41%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                        | BFLD COML MTG TR 2024-UNIV TSFR1M+269.09 11/15/2029 144A                                             | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-NSTB                                                 | MORGAN STANLEY CAP I TR 2024-NSTB C VAR 09/20/2032 144A                                              | CUSIP: 61690BAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1928000 | PA      | $1809167.14   | 0.23%             | 2057-09-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B21 MTG TR                                                         | BENCHMARK 2020-B21 MTG TR 2.2543% 12/17/2053                                                         | CUSIP: 08163LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    662000 | PA      | $562264.54    | 0.07%             | 2053-12-17      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE                                                      | BARCLAYS COMMERCIAL MORTGAGE 2.5% 11/15/2052 144A                                                    | CUSIP: 05492JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726000 | PA      | $583389.06    | 0.08%             | 2052-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2021-L5                                            | MORGAN STANLEY CAPITAL I TRUST 2021-L5 2.728% 05/15/2054                                             | CUSIP: 61691YAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3744000 | PA      | $3309752.53   | 0.43%             | 2054-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2017-BNK4 2.5% 06/15/2055 144A                                                                  | CUSIP: 06541MAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1664000 | PA      | $1210761.51   | 0.16%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP LP                                         | AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.409% 09/12/2034                                          | CUSIP: 03063UAA9<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1561358.84   | 0.20%             | 2034-09-12      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                                   | BX TR 2022-LBA6 TSFR1M+335 01/15/2039 144A                                                           | CUSIP: 12433EAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4315000 | PA      | $4266456.25   | 0.55%             | 2039-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-SOAR                                            | BX TRUST 2.9% 06/15/2023 144A                                                                        | CUSIP: 05608WAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3857646 | PA      | $3849207.75   | 0.50%             | 2038-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2019-10K                                                 | NCMS 2019-10K E VAR 05/15/2039 144A                                                                  | CUSIP: 63874UAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2293000 | PA      | $2040335.71   | 0.26%             | 2039-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                                   | BANK 2023-BNK46 A4 5.745% 08/15/2056                                                                 | CUSIP: 06541DBH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2458000 | PA      | $2543652.94   | 0.33%             | 2056-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX 2024-CNYN                                                                      | BX 2024-CNYN E TSFR1M+368.86 04/05/2029 144A                                                         | CUSIP: 05612HAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3743867 | PA      | $3731419.74   | 0.48%             | 2041-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2011-C3                                         | JPMCC 2011-C3 E CSTR 2/46                                                                            | CUSIP: 46635TBD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2360000 | PA      | $1550857.72   | 0.20%             | 2046-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| COMM 2015-DC1 MTG TR                                                              | COMM 2015-DC1 MTG TR VAR 02/10/2048                                                                  | CUSIP: 12629NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3928000 | PA      | $3553229.52   | 0.46%             | 2048-02-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1                                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1 D 3% 08/15/2049 144A                                 | CUSIP: 95000GAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1526000 | PA      | $906381.13    | 0.12%             | 2049-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DTP COML MTG TR 2023-STE2                                                         | DTP COML MTG TR 2023-STE2 D CSTR 01/15/2041 144A                                                     | CUSIP: 23346GAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4760000 | PA      | $4755062.45   | 0.61%             | 2041-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD                                    | PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD 3% 12/26/2070 144A                                    | CUSIP: 74167UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6369000 | PA      | $5256335.70   | 0.68%             | 2070-12-26      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-1CHI                                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-1CHI VAR 07/15/2035 144A                                  | CUSIP: 95003PAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2867000 | PA      | $2901759.79   | 0.37%             | 2035-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                                       | JP MORGAN CH CMS 13-LC11 VAR 04/15/2046 144A                                                         | CUSIP: 46639YAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5894000 | PA      | $10019.80     | 0.00%             | 2046-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-IG3 MTG TR                                                         | BENCHMARK 2020-IG3 825C MTG TR CSTR 09/15/2048 144A                                                  | CUSIP: 08162QBY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1784000 | PA      | $1636153.32   | 0.21%             | 2048-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2022-C18                                                     | BBCMS MORTGAGE TRUST 2022-C18 VAR 12/15/2055                                                         | CUSIP: 054975AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1890000 | PA      | $1938176.29   | 0.25%             | 2055-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS LLC / FIDIUM FIBER FIN HOLDCO LLC                     | CONSOLIDATED COMMUNICATIONS LLC / FIDIUM FIBER FIN HOLDCO LLC 9.408% 05/20/2055 144A                 | CUSIP: 209031AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3057000 | PA      | $3160532.03   | 0.41%             | 2055-05-20      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT                                     | CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT D 6.43808% 06/10/2028 144A                             | CUSIP: 17291NAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2611000 | PA      | $2582749.24   | 0.33%             | 2040-10-12      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK22                                                                   | BANK 2019-BNK22 2.5% 11/15/2062 144A                                                                 | CUSIP: 06540XAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2465000 | PA      | $1925238.46   | 0.25%             | 2062-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                                       | JP MORGAN CH CMS 13-LC11 E CSTR 04/15/2046 144A                                                      | CUSIP: 46639YAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104000 | PA      | $4313.92      | 0.00%             | 2046-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP MTG TR                                                                 | IP 2025-IP F CSTR MTG TR VAR 06/10/2042 144A                                                         | CUSIP: 449843AL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1424000 | PA      | $1423999.49   | 0.18%             | 2042-06-10      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK44                                                                   | BANK 2022-BNK44 CSTR 11/15/2032                                                                      | CUSIP: 06540KBB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2840000 | PA      | $2735679.42   | 0.35%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                 | IRON MTN INC 6.25% 01/15/2033 144A                                                                   | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3280524.00   | 0.42%             | 2033-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CREST 2004-1 LTD/CORP                                                             | CREST 2004-1A H1 3ML+369 1/40                                                                        | CUSIP: 22608WAS8<br>LEI: 549300MJZTHEPDTYM573 | Long             | ABS-CBDO         | CORP              | KY        |   3078262 | PA      | $0.31         | 0.00%             | 2040-01-28      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2020-IG3 MTG TR                                                         | BENCHMARK 2020-IG3 MTG TR CSTR 09/15/2048 144A                                                       | CUSIP: 08162QCA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1955000 | PA      | $1769128.57   | 0.23%             | 2048-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                          | MHC 2021 MHC G TSFR1M+331.544 9 04/15/2026 144A                                                      | CUSIP: 55316VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8960000 | PA      | $8954399.99   | 1.15%             | 2038-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                             | SWITCH ABS ISSUER LLC 10.033% 06/25/2054 144A                                                        | CUSIP: 871044AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1975000 | PA      | $2049647.30   | 0.26%             | 2054-06-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR RE CDO 05-1 LTD COR                                                    | CTCDO 2005-1A E TSFR1M+221.448 3/50                                                                  | CUSIP: 140558AE7<br>LEI: 549300EO21RSSTCI1873 | Long             | ABS-CBDO         | CORP              | KY        |   2670000 | PA      | $0.27         | 0.00%             | 2050-03-20      | Variable      | 0.07%                 | No            |                  3 | On Loan: No      |
| COMM 2018-HCLV MTG TR                                                             | COMM MORTGAGE TRUST 2018-HCLV G TSFR1M+520.234 069/15/2033                                           | CUSIP: 20048KAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1487000 | PA      | $24952.31     | 0.00%             | 2033-09-15      | Variable      | 0.10%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                                         | BENCHMARK 2022-B36 MTG TR 2.5% 07/15/2055 144A                                                       | CUSIP: 08163QAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1872000 | PA      | $1281412.83   | 0.17%             | 2055-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-VLT6                                                                   | BX TR 2025-VLT6 E TSFR1M+319.073 03/15/2030 144A                                                     | CUSIP: 12433KAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3278000 | PA      | $3253415.00   | 0.42%             | 2042-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                                         | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                                        | CUSIP: 08162YBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1680000 | PA      | $40976.54     | 0.01%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ELP COMMERCIAL MORTGAGE TRUST 2021-ELP                                            | ELP COMMERCIAL MORTGAGE TRUST 2021-ELP TSFR1M+278.148 7 11/15/2038 144A                              | CUSIP: 26863LAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1221578 | PA      | $1214706.74   | 0.16%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| COMM 2015-LC19 MTG TR                                                             | COMM 2015-LC19 MTG 2015-LC19 B TR 3.829% 02/10/2048                                                  | CUSIP: 200474BF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    192000 | PA      | $189068.26    | 0.02%             | 2048-02-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C16                                                             | BBCMS MTG TR 2022-C16 4.512% 06/15/2055                                                              | CUSIP: 05552YAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4573000 | PA      | $4454862.95   | 0.57%             | 2055-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+424.7 11/15/2036 144A                                                        | CUSIP: 78486EAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1134000 | PA      | $1115052.90   | 0.14%             | 2036-11-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| ARES TR 2025-IND3                                                                 | ARES TR 2025-IND3 E TSFR1M+355 04/15/2027 144A                                                       | CUSIP: 039955AL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1730000 | PA      | $1720188.48   | 0.22%             | 2042-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 E CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7158000 | PA      | $7443622.10   | 0.96%             | 2046-11-13      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| TABERNA PFD FDG VI LTD / INC                                                      | TBRNA 2006-6A F1 TSFR3M+476.161 12/36                                                                | CUSIP: 87331AAL8<br>LEI: BUHFNQJBNOAUZ24NY591 | Long             | ABS-CBDO         | CORP              | KY        |   7463519 | PA      | $0.75         | 0.00%             | 2036-12-05      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 VAR 11/13/2046 144A                                                         | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2180000 | PA      | $2159716.63   | 0.28%             | 2046-11-13      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK44                                                                   | BANK 2022-BNK44 5.745654% 11/15/2055                                                                 | CUSIP: 06540KAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1225000 | PA      | $1246766.29   | 0.16%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2019-1 TR                                                      | HOME PARTNERS AMER 2019-1 TR 3.604% 09/17/2039 144A                                                  | CUSIP: 43731QAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1240068 | PA      | $1170026.22   | 0.15%             | 2039-09-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NXPT COML MTG TR                                                                  | NXPT COML MTG TR 6.92673% 11/05/2041 144A                                                            | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7586000 | PA      | $7693976.85   | 0.99%             | 2041-11-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B39 C MTG TR                                                       | BENCHMARK 2023-B39 C MTG TR 6.79412% 07/15/2056                                                      | CUSIP: 081925AH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1859000 | PA      | $1879537.12   | 0.24%             | 2056-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 23-2                                               | MSWF COMMERCIAL MORTGAGE TRUST 23-2 D 4% 12/15/2056                                                  | CUSIP: 55361AAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    351000 | PA      | $265166.25    | 0.03%             | 2056-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 4.15% 04/15/2032                                           | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    540000 | PA      | $503053.28    | 0.06%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-VINO                                            | BX COMMERCIAL MORTGAGE TRUST 2021-VINO F TSFR1M+291.681 82 05/15/2038 144A                           | CUSIP: 05608KAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7020300 | PA      | $6996167.73   | 0.90%             | 2038-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                      | NNN REIT INC 5.6% 10/15/2033                                                                         | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2519736.70   | 0.33%             | 2033-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CONE TR 2024-DFW1                                                                 | CONE TR 2024-DFW1 E TSFR1M+388.79 08/15/2026 144A                                                    | CUSIP: 20682AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3075000 | PA      | $3051301.28   | 0.39%             | 2041-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PRM5 TR 2025-PRM5                                                                 | PRM5 TR 2025-PRM5 D VAR 02/10/2028 144A                                                              | CUSIP: 693980AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1195000 | PA      | $1182028.28   | 0.15%             | 2033-03-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| VASA TR 2021-VASA                                                                 | VASA TR 2021-VASA G TSFR1M+511.448 04/15/2060 144A                                                   | CUSIP: 92230AAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    693000 | PA      | $469630.09    | 0.06%             | 2039-07-15      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                                            | MORGAN STANLEY CAPITAL I TRUST 2017-H1 4.281% 06/15/2050                                             | CUSIP: 61691JBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2733000 | PA      | $2549013.07   | 0.33%             | 2050-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-LP2                                             | BX COMMERCIAL MORTGAGE TRUST 2022-LP2 F TSFR1M+325.78 02/15/2039 144A                                | CUSIP: 05610HAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1909359.37   | 0.25%             | 2039-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | CD 2017-CD4 D 3.3% 05/10/2050 144A                                                                   | CUSIP: 12515DAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    356070 | PA      | $293139.22    | 0.04%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC38                                                          | GS MTG SECS TR 2019-GC38 3% 02/10/2052 144A                                                          | CUSIP: 36252SAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1667000 | PA      | $1346603.60   | 0.17%             | 2052-02-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                        | BMO 2022-C1 MORTGAGE TRUST 2022-C1 360E CSTR 02/15/2042 144A                                         | CUSIP: 05609MDE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1970000 | PA      | $1460037.53   | 0.19%             | 2055-02-17      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2011-C3                                         | JP MORGAN CHASE CO MT SE 2011-C3 H CSTR 02/15/2046 144A                                              | CUSIP: 46635TBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2622000 | PA      | $181271.97    | 0.02%             | 2046-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-1 TR                                                      | HOME PARTNERS AMER 2021-1 TR 3.325% 09/17/2041 144A                                                  | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    868440 | PA      | $729262.00    | 0.09%             | 2041-09-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A                                                                 | CUSIP: 92939VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $1527435.66   | 0.20%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2020-420K                                                   | CITIGROUP COML MTG TR 2020-420K D CSTR 11/10/2042 144A                                               | CUSIP: 17328QAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    636000 | PA      | $551538.95    | 0.07%             | 2042-11-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-3 TR                                                      | HOME PARTNERS AMER 2021-3 TR 4.242% 01/17/2041 144A                                                  | CUSIP: 43730XAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1198988 | PA      | $1074496.38   | 0.14%             | 2041-01-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK39                                                                   | BANK 2022-BNK39 2.928% 02/15/2055                                                                    | CUSIP: 06539VAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1895000 | PA      | $1663704.45   | 0.21%             | 2055-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                                            | MORGAN STANLEY CAPITAL I TRUST 2017-H1 D 2.546% 06/15/2050 144A                                      | CUSIP: 61691JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5262000 | PA      | $4232499.17   | 0.55%             | 2050-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK8                                                                    | BANK 2017-BNK8 E 2.8% 11/15/2050 144A                                                                | CUSIP: 06650AAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2625000 | PA      | $1171673.74   | 0.15%             | 2050-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMM 2012-CCRE1 MTG TR                                                            | COMM 2012-CR1 D CSTR 5/45                                                                            | CUSIP: 12624BAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1773736 | PA      | $1606176.22   | 0.21%             | 2045-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2017-GS5                                                           | GS MTG SECS TR 2017-GS5 CSTR 03/10/2050                                                              | CUSIP: 36252HAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2499000 | PA      | $1407958.09   | 0.18%             | 2050-03-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-IG3 MTG TR                                                         | BENCHMARK 2020-IG3 MTG TR CSTR 09/15/2048 144A                                                       | CUSIP: 08162QCC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3049000 | PA      | $2722557.60   | 0.35%             | 2048-09-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| DBGS 2018-C1 MTG TR                                                               | DBGS MTG TR 2018-C1 C CSTR 10/15/2051                                                                | CUSIP: 23307DBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    777000 | PA      | $676565.45    | 0.09%             | 2051-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2019-B12 MTG TR                                                         | BENCHMARK 2019-B12 MTG TR 3.5702% 08/15/2052                                                         | CUSIP: 08162FAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1186000 | PA      | $1068114.21   | 0.14%             | 2052-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-GPA2                                            | BX COMMERCIAL MORTGAGE TRUST 2024-GPA2 VAR 11/15/2029 144A                                           | CUSIP: 12433DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1875000 | PA      | $1868677.31   | 0.24%             | 2041-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 G CSTR 07/49                                                                             | CUSIP: 61760RAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3536800 | PA      | $3223220.95   | 0.42%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2019-2 TR                                                      | HOME PARTNERS AMER 2019-2 TR 3.866% 10/19/2039 144A                                                  | CUSIP: 43732TAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2019452 | PA      | $1921948.49   | 0.25%             | 2039-10-19      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR CSTR 05/10/2050                                               | CUSIP: 12515DAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1920000 | PA      | $1757165.18   | 0.23%             | 2050-05-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A                                                    | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    955000 | PA      | $978917.02    | 0.13%             | 2032-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| JPMCC COML MTG SECS TR 2016-JP4                                                   | JPMCC COML MTG SECS TR 2016-JP4 CSTR 12/15/2049 144A                                                 | CUSIP: 46645UAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2418000 | PA      | $1788380.85   | 0.23%             | 2049-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2017-HR2                                                  | MORGAN STANLEY CAP I TR 2017-HR2 D 2.73% 12/15/2050                                                  | CUSIP: 61691NAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5150000 | PA      | $4531176.00   | 0.58%             | 2050-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OPEN TR 2023-AIR                                                                  | OPEN TR 2023-AIR TSFR1M+668.387 10/15/2028 144A                                                      | CUSIP: 68373BAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.26%             | 2040-11-15      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL F                                                                   | MHP 2022-MHIL E TSFR1M+261.06 01/15/2027 144A                                                        | CUSIP: 55293DAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4096000 | PA      | $4067840.00   | 0.52%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 4.889% 09/15/2055                                                              | CUSIP: 054976AK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1491000 | PA      | $1407040.90   | 0.18%             | 2055-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX E CSTR 6/45                                                                           | CUSIP: 46637WAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2575887 | PA      | $2332039.60   | 0.30%             | 2045-06-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| BANK5 2024-5YR12                                                                  | BANK5 2024-5YR12 C CSTR 12/15/2057                                                                   | CUSIP: 06644XBY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1516000 | PA      | $1526939.76   | 0.20%             | 2057-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2021-SFR1 TR                                                   | TRICON RESIDENTIAL 2021-SFR1 TR 4.133% 07/17/2038 144A                                               | CUSIP: 89614YAH9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    672000 | PA      | $652405.69    | 0.08%             | 2038-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-VAMF                                                                   | BX TR 2022-VAMF TSFR1M+329.9 01/15/2039 144A                                                         | CUSIP: 05609TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3200000 | PA      | $3158821.12   | 0.41%             | 2039-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL F                                                                   | MHP 2022-MHIL F TSFR1M+395.75 01/15/2027 144A                                                        | CUSIP: 55293DAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1881600 | PA      | $1878323.95   | 0.24%             | 2027-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| LBA TR 2024-BOLT                                                                  | LBA TR 2024-BOLT TSFR1M+448.48 06/15/2026 144A                                                       | CUSIP: 50177BAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1444015.71   | 0.19%             | 2039-06-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2020-CNP                                                  | MORGAN STANLEY CAP I TR 2020-CNP CSTR 04/05/2042 144A                                                | CUSIP: 61770YAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1043000 | PA      | $794309.06    | 0.10%             | 2042-04-05      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE PLAZA TR 2018-INDP                                                   | INDEPENDENCE PLAZA TR 2018-INDP E 4.996% 07/10/2035 144A                                             | CUSIP: 45378YAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2943000 | PA      | $2883421.03   | 0.37%             | 2035-07-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2021-MC                                                            | BX COML MTG TR 2021-MC G TSFR1M+320.126 68 04/15/2034 144A                                           | CUSIP: 05608GAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1572000 | PA      | $1442284.53   | 0.19%             | 2034-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-C10                                        | JP MORGAN CHASE COML MTG SECS TR 2013-C10 D CSTR 06/05/2039 144A                                     | CUSIP: 46651EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    984000 | PA      | $881987.15    | 0.11%             | 2039-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C16                                                        | WFRBS COML MTG TR 2013-C16 CSTR 09/15/2046                                                           | CUSIP: 92938EBR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    266187 | PA      | $252981.29    | 0.03%             | 2046-09-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2019-1 TR                                                      | HOME PARTNERS AMER 2019-1 TR 4.101% 09/17/2039 144A                                                  | CUSIP: 43731QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201216 | PA      | $187509.35    | 0.02%             | 2039-09-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 D 5.47 8/44                                                                            | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1929752 | PA      | $1443120.46   | 0.19%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-C21                                                     | BBCMS MORTGAGE TRUST 2023-C21 AS VAR 09/15/2056                                                      | CUSIP: 05553WAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1196000 | PA      | $1252604.53   | 0.16%             | 2056-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                        | BFLD COML MTG TR 2024-UNIV TSFR1M+363.953 11/15/2029 144A                                            | CUSIP: 08861RAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3174000 | PA      | $3166697.90   | 0.41%             | 2041-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GS MTG SECS TR 2011-GC5 4.5% 08/10/2044 144A                                                         | CUSIP: 36191YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4308000 | PA      | $12924.00     | 0.00%             | 2044-08-10      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-5C2                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-5C2 C CSTR 11/15/2057                                     | CUSIP: 95003UAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    757000 | PA      | $762495.52    | 0.10%             | 2057-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX G 4.0% 6/45 144A                                                                      | CUSIP: 46637WAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4129000 | PA      | $2300504.14   | 0.30%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| BPR TR 2023-BRK2                                                                  | BPR TR 2023-BRK2 C VAR 10/05/2038 144A                                                               | CUSIP: 05610WAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1845000 | PA      | $1933202.07   | 0.25%             | 2038-10-05      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 6.1% 04/01/2034                                                             | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |   2792000 | PA      | $2844977.06   | 0.37%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C49                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C49 4.546% 03/15/2052                                     | CUSIP: 95001WBF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $433656.81    | 0.06%             | 2052-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                  | VB-S1 ISSUER LLC 6.644% 05/15/2054 144A                                                              | CUSIP: 91823ABE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1800000 | PA      | $1834404.66   | 0.24%             | 2054-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-VINO                                            | BX COMMERCIAL MORTGAGE TRUST 2021 VINO G TSFR1M+406.681 82 05/15/2038 144A                           | CUSIP: 05608KAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3495800 | PA      | $3459326.22   | 0.45%             | 2038-05-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2023-C19                                                             | BBCMS MTG TR 2023-C19 A5 5.451% 04/15/2056                                                           | CUSIP: 05553RAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2015000 | PA      | $2048815.53   | 0.26%             | 2056-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 G 5% 06/15/44                                                                          | CUSIP: 92936CBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1252600 | PA      | $398698.07    | 0.05%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| SG COML MTG SECS TR 2019-PRES                                                     | SG COML MTG SECS TR 2019-PREZ F CSTR 09/15/2039 144A                                                 | CUSIP: 78430EAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3206000 | PA      | $2585581.61   | 0.33%             | 2039-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC42                                                          | GS MTG SECS TR 2019-GC42 2.8% 09/10/2052 144A                                                        | CUSIP: 36257UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2307000 | PA      | $1619105.89   | 0.21%             | 2052-09-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-ROIC                                                                | BX TRUST 2025-ROIC TSFR1M+294.129 03/15/2030 144A                                                    | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5347000 | PA      | $5213490.76   | 0.67%             | 2030-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CREST CLARENDON STR 02 1 LTD                                                      | CREST CLARENDON STR 02 1 LTD 3ML+47 12/28/2035 144A                                                  | CUSIP: 226063204<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $0.30         | 0.00%             | 2035-12-28      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| BANK 2021-BNK33                                                                   | BANK 2021-BNK33 2.893% 05/15/2064                                                                    | CUSIP: 06541CBY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903000 | PA      | $761537.46    | 0.10%             | 2064-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK45                                                                   | BANK 2023-BNK45 B VAR 02/15/2056                                                                     | CUSIP: 06541BBX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1330000 | PA      | $1360679.91   | 0.18%             | 2056-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| FONTAINEBLEAU MIAMI BEACH BEACH MTG TR 2024-FBLU                                  | FONTAINEBLEAU MIAMI BEACH BEACH MTG TR 2024-FBLU TSFR1M+570 12/15/2029 144A                          | CUSIP: 34461WAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3198000 | PA      | $3195549.69   | 0.41%             | 2039-12-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 2.342% 08/15/2054                                     | CUSIP: 95003DBJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2703000 | PA      | $2326730.51   | 0.30%             | 2054-08-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-TAIL                                                                   | BX TR 2025-TAIL E TSFR1M+330 06/15/2035 144A                                                         | CUSIP: 123912AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1959000 | PA      | $1959000.00   | 0.25%             | 2035-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 F TSFR1M+393.788 07/15/2029 144A                                                        | CUSIP: 05612TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5450000 | PA      | $5387642.19   | 0.69%             | 2029-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-SPOT                                            | BX TRUST 2025-SPOT E TSFR1M+344.054 04/15/2040 144A                                                  | CUSIP: 12433FAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6630000 | PA      | $6576208.82   | 0.85%             | 2040-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2016-GS2                                                           | GS MTG SECS TR 2016-GS2 2.753% 05/10/2049                                                            | CUSIP: 36252TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2058050 | PA      | $1900256.43   | 0.25%             | 2049-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-C32                                                             | BBCMS MTG TR 2025-C32 4.5% 02/15/2062 144A                                                           | CUSIP: 07337AAT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790000 | PA      | $596784.64    | 0.08%             | 2062-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 5.5% 08/15/2033                                            | CUSIP: 46188BAF9<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2447976.00   | 0.32%             | 2033-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SHR TR 2024-LXRY                                                                  | SHR TR 2024-LXRY D TSFR1M+350 10/15/2041 144A                                                        | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3580000 | PA      | $3577760.71   | 0.46%             | 2041-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-MDHS                                                          | BX COML MTG TR 2024-MDHS E TSFR1M+368.83 05/15/2041 144A                                             | CUSIP: 12433BAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2509480 | PA      | $2501129.04   | 0.32%             | 2041-05-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                          | MHC COML MTG TR 2021-MHC TSFR1M+271.544 096 04/15/2038 144A                                          | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4520000 | PA      | $4517175.00   | 0.58%             | 2038-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TR 2019-OC11                                                                   | BX TR 2019-OC11 4.075457% 12/09/2041 144A                                                            | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14678000 | PA      | $13301658.62  | 1.72%             | 2041-12-09      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2003-W10 2B4 CSTR 6/43                                                                           | CUSIP: 31393DUM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     63196 | PA      | $17155.55     | 0.00%             | 2043-06-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| MSJP 2015-HAUL                                                                    | MSJP 2015-HAUL E 5.012% 09/05/2047 144A                                                              | CUSIP: 553697AN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1014000 | PA      | $857575.49    | 0.11%             | 2047-09-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2024-OMNI                                       | J P MORGAN CHASE COML MTG SECS TR 2024-OMNI VAR 10/05/2039 144A                                      | CUSIP: 46593JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3234000 | PA      | $3128448.38   | 0.40%             | 2039-10-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2016-NXS6                                                 | WELLS FARGO COML MTG TR 2016-NXS6 4.4523% 11/15/2049                                                 | CUSIP: 95000KBH7<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   1262000 | PA      | $1198908.20   | 0.15%             | 2049-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2018-BNK10                                                                   | BANK 2018-BNK10 VAR 02/15/2061                                                                       | CUSIP: 065404BE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2936000 | PA      | $2708027.82   | 0.35%             | 2061-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10                                    | BACM 2016-UBS10 CSTR 06/49                                                                           | CUSIP: 06054MAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2418000 | PA      | $2313431.90   | 0.30%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BX 2021-LBA                                                                       | BX 2021-LBA TSFR1M+311.448 02/15/2036 144A                                                           | CUSIP: 05609BAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1033000 | PA      | $1012340.00   | 0.13%             | 2036-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B33 MORTGAGE TRUST                                                 | BENCHMARK 2022-B33 MORTGAGE TRUST 3.4582% 03/15/2055                                                 | CUSIP: 08163PBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2477000 | PA      | $2231232.80   | 0.29%             | 2055-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                                        | J P MORGAN CHASE COML MTG SECS TR 2020-NNN 3.972% 01/16/2037 144A                                    | CUSIP: 46652BBL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2771000 | PA      | $828501.29    | 0.11%             | 2037-01-16      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| BMO 2025-5C10 MORTGAGE TRUST                                                      | BMO 2025-5C10 C MORTGAGE TRUST VAR 05/15/2058                                                        | CUSIP: 05615BAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    297000 | PA      | $299280.46    | 0.04%             | 2058-05-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BMO 2024-C10 MTG TR                                                               | BMO 2024-C10 C MTG TR VAR 11/15/2057                                                                 | CUSIP: 096920AK9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1039000 | PA      | $1016274.26   | 0.13%             | 2057-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                                       | JPMCC 2014-DSTY D CSTR 06/27                                                                         | CUSIP: 46642MAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3213000 | PA      | $8081.34      | 0.00%             | 2027-06-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                                | ESSEX PORTFOLIO LP 5.5% 04/01/2034                                                                   | CUSIP: 29717PBA4<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |   1401000 | PA      | $1407592.85   | 0.18%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 D VAR 06/44                                                                            | CUSIP: 92936CAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1148282 | PA      | $1099480.09   | 0.14%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2023-PRM3                                                   | CITIGROUP COML MTG TR 2023-PRM3 6.35973% 07/10/2028 144A                                             | CUSIP: 17331LAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1383000 | PA      | $1384699.71   | 0.18%             | 2028-07-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-PALM                                                                | SREIT TR 2021-PALM TSFR1M+373.058 61 10/15/2034 144A                                                 | CUSIP: 85237AAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3411000 | PA      | $3396786.70   | 0.44%             | 2034-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 5.5% 02/01/2034                                                             | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   3646000 | PA      | $3638576.20   | 0.47%             | 2034-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MSWF COML MTG TR 2023-1                                                           | MSWF COML MTG TR 2023-1 5.752% 05/15/2056                                                            | CUSIP: 55376CAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1899000 | PA      | $1962505.41   | 0.25%             | 2056-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2018-C8                                                    | JPMDB COML MTG SECS TR 2018-C8 CSTR 06/15/2051 144A                                                  | CUSIP: 46591AAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1171000 | PA      | $891297.16    | 0.11%             | 2051-06-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2018-B7 MTG TR                                                          | BENCHMARK 2018-B7 MTG TR VAR 05/15/2053 144A                                                         | CUSIP: 08162TAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833000 | PA      | $645980.17    | 0.08%             | 2053-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C5 MTG TR                                                                | BMO 2023-C5 MTG TR 5.7653% 06/15/2056                                                                | CUSIP: 055988AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1463000 | PA      | $1508433.47   | 0.19%             | 2056-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-2 TR                                                      | HOME PARTNERS AMER 2021-2 TR 4.505% 12/17/2026 144A                                                  | CUSIP: 43732VAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5314094 | PA      | $5119602.87   | 0.66%             | 2026-12-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2024-C24                                                             | BBCMS MTG TR 2024-C24 B 5.718% 02/15/2057                                                            | CUSIP: 07336VAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    681000 | PA      | $673822.12    | 0.09%             | 2057-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DTP COML MTG TR 2023-STE2                                                         | DTP COML MTG TR 2023-STE2 E CSTR 01/15/2041 144A                                                     | CUSIP: 23346GAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    769000 | PA      | $732913.68    | 0.09%             | 2041-01-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B37 MTG TR                                                         | BENCHMARK 2022-B37 MTG TR 5.9431% 11/15/2055                                                         | CUSIP: 08161QAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2090000 | PA      | $1994392.32   | 0.26%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR COML MTG TR 2024-PK                                                           | BPR COML MTG TR 2024-PARK D VAR 11/05/2039 144A                                                      | CUSIP: 05593UAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2536000 | PA      | $2572784.93   | 0.33%             | 2039-11-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+294.018 11/15/2026 144A                                                     | CUSIP: 05593TAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1003096 | PA      | $1003722.65   | 0.13%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                                        | JPMCC 2020-NNN FFX 4.6254% 01/16/2037 144A                                                           | CUSIP: 46652BBN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2388000 | PA      | $454651.32    | 0.06%             | 2037-01-16      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| BX TR 2025-VLT6                                                                   | BX TR 2025-VLT6 F TSFR1M+393.966 03/15/2030 144A                                                     | CUSIP: 12433KAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3413000 | PA      | $3340001.73   | 0.43%             | 2042-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SUN CMNTYS OPER LTD PRTNRSHP                                                      | SUN CMNTYS OPER LTD PRTNRSHP 4.2% 04/15/2032                                                         | CUSIP: 866677AH0<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |    450000 | PA      | $420780.61    | 0.05%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILT 2016-HHV F CSTR 11/38 144A                                                                      | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6517000 | PA      | $6248175.05   | 0.81%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 23-2                                               | MSWF COMMERCIAL MORTGAGE TRUST 23-2 C VAR 12/15/2056                                                 | CUSIP: 55361AAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3564000 | PA      | $3616473.84   | 0.47%             | 2056-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2022-C18                                                     | BBCMS MORTGAGE TRUST 2022-C18 A5 5.71% 12/15/2055                                                    | CUSIP: 054975AE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3150000 | PA      | $3246503.72   | 0.42%             | 2055-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX TR 2021-ACNT                                                                   | BX TR 2021-ACNT TSFR1M+340.948 3 11/15/2026 144A                                                     | CUSIP: 05609QAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2523887 | PA      | $2493915.56   | 0.32%             | 2038-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C7                                                              | BBCMS MTG TR 2020-C7 B 3.152% 04/15/2053                                                             | CUSIP: 05492VAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    853000 | PA      | $740966.98    | 0.10%             | 2053-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| JPMCC 2021-MHC                                                                    | JPMCC 2021-MHC F TSFR1M+306.448 04/15/2038 144A                                                      | CUSIP: 466330AQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1716000 | PA      | $1714391.25   | 0.22%             | 2038-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SREIT TRUST                                                                       | SREIT TRUST TSFR1M+308.198 74 11/15/2036 144A                                                        | CUSIP: 85236WCS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3024000 | PA      | $2997540.00   | 0.39%             | 2036-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TIMES SQUARE HOTEL TR                                                             | TIMES SQUARE HOTEL TR 8.528% 08/01/2026 144A                                                         | CUSIP: 887367AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    535632 | PA      | $536982.52    | 0.07%             | 2026-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2019-C53                                                  | WELLS FARGO COML MTG TR 2019-C53 3.514% 10/15/2052                                                   | CUSIP: 95002BAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1459000 | PA      | $1332199.04   | 0.17%             | 2052-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2023-VLT3                                                          | BX COML MTG TR 2023-VLT3 TSFR1M+ 11/15/2028 144A                                                     | CUSIP: 05611GAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.13%             | 2028-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2020-VIVA                                            | BX COMMERCIAL MORTGAGE TRUST 2020-VIVA E 3.54875% 03/09/2044 144A                                    | CUSIP: 12433XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9936000 | PA      | $8707176.13   | 1.12%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE COM MTG TR 2021                                                     | CREDIT SUISSE COM MTG TR 2021-SOP2 F STEP 06/15/2034 144A                                            | CUSIP: 12657VAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2561600 | PA      | $1121808.66   | 0.14%             | 2034-06-15      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                                         | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                                        | CUSIP: 08162YBP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1132000 | PA      | $9035.51      | 0.00%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COML MTG TR 2021-MF TSFR1M+611.448 07/15/2038 144A                                              | CUSIP: 69356GAU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    631000 | PA      | $232700.31    | 0.03%             | 2038-07-15      | Variable      | 0.10%                 | No            |                  3 | On Loan: No      |
| MHP 2022-MHIL F                                                                   | MHP 2022-MHIL F TSFR1M+325.92 01/15/2027 144A                                                        | CUSIP: 55293DAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2614400 | PA      | $2594792.00   | 0.33%             | 2039-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL4                                                           | BX COML MTG TR 2024-XL4 TSFR1M+418.81 02/15/2039 144A                                                | CUSIP: 05611VAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1893939 | PA      | $1892967.45   | 0.24%             | 2039-02-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BPR COML MTG TR 2024-PK                                                           | BPR COML MTG TR 2024-PARK C VAR 11/05/2039 144A                                                      | CUSIP: 05593UAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1858000 | PA      | $1874857.82   | 0.24%             | 2039-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DC COML MTG TR 2023-DC                                                            | DC COML MTG TR 2023-DC D VAR 09/12/2040 144A                                                         | CUSIP: 24023AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2100000 | PA      | $2100143.22   | 0.27%             | 2040-09-12      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                                  | MSC 2015-MS1 C VAR/CSTR 5/48                                                                         | CUSIP: 61765DAZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1973000 | PA      | $1786891.84   | 0.23%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-C10                                        | JP MORGAN CHASE COML MTG SECS 2019-OSB E CSTR 06/05/2039 144A                                        | CUSIP: 46651EAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3019000 | PA      | $2643839.44   | 0.34%             | 2039-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK30                                                                   | BANK 2020-BN30 MCDG CSTR 12/53                                                                       | CUSIP: 06541UBJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3921000 | PA      | $1846168.74   | 0.24%             | 2053-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ELP COMMERCIAL MORTGAGE TRUST 2021-ELP                                            | ELP COMMERCIAL MORTGAGE TRUST 2021-ELP TSFR1M+372.938 49 11/15/2036 144A                             | CUSIP: 26863LAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5313815 | PA      | $5255200.81   | 0.68%             | 2038-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2015-NXS4                                                 | WELLS FARGO COML MTG TR 2015-NXS4 VAR 12/15/2048                                                     | CUSIP: 94989XBL8<br>LEI: 549300RD723OFH36TP29 | Long             | ABS-MBS          | CORP              | US        |   1834000 | PA      | $1740794.65   | 0.22%             | 2048-12-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+186.448 08/15/2026 144A                                                      | CUSIP: 482606AL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    532626 | PA      | $523970.84    | 0.07%             | 2038-08-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2023-C22                                                             | BBCMS MTG TR 2023-C22 7.363626% 11/15/2056                                                           | CUSIP: 05554FAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1778000 | PA      | $1789299.19   | 0.23%             | 2056-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10                                    | BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10 3% 06/15/2049 144A                                    | CUSIP: 06054MAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726000 | PA      | $636378.42    | 0.08%             | 2049-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2018-AON                                        | J P MORGAN CHASE COML MTG SECS TR 2018-AON-F 4.6132% 07/05/2031 144A                                 | CUSIP: 46649XAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2150000 | PA      | $377136.02    | 0.05%             | 2031-07-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2021 MORTGAGE TRUST                                                     | BENCHMARK 2021 MORTGAGE TRUST CSTR 04/15/2054 144A                                                   | CUSIP: 08163DBX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6055000 | PA      | $3118782.76   | 0.40%             | 2054-04-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| Fidelity Revere Street Trust                                                      | Fidelity Cash Central Fund                                                                           | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  29710291 | NS      | $29716233.47  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SWCH COML MTG TR 2025-DATA                                                        | SWCH COML MTG TR 2025-DATA F TSFR1M+418.9 03/15/2042 144A                                            | CUSIP: 78489CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7802000 | PA      | $7715302.62   | 1.00%             | 2042-02-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B38 MTG TR                                                         | BENCHMARK 2023-B38 B MTG TR 6.244668% 04/15/2056                                                     | CUSIP: 081916AH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1351000 | PA      | $1388558.07   | 0.18%             | 2056-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                                       | JP MORGAN CH CMS 13-LC11 D CSTR 04/15/2046                                                           | CUSIP: 46639YAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3677000 | PA      | $861447.56    | 0.11%             | 2046-04-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| JPMCC 2021-MHC                                                                    | JPMCC 2021-MHC E TSFR1M+256.448 04/15/2038 144A                                                      | CUSIP: 466330AN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2015000 | PA      | $2013740.63   | 0.26%             | 2038-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SG COML MTG SECS TR 2020-COVE                                                     | SG COMMERCIAL MORTGAGE SECURITIES TRUST 2020-COVE F CSTR 03/15/2037 144A                             | CUSIP: 78397FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3855000 | PA      | $3008299.75   | 0.39%             | 2037-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2002-W6 3B4 CSTR 1/42                                                                            | CUSIP: 31392DH39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     15437 | PA      | $2798.80      | 0.00%             | 2042-01-25      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 E 5.248784% 6/44                                                                       | CUSIP: 92936CAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1274000 | PA      | $1188642.00   | 0.15%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-C8 COML MTG TR                                                         | CSAIL 2017-C8 C COML MTG TR 4.264798% 06/15/2050                                                     | CUSIP: 12595BAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3060000 | PA      | $2628390.98   | 0.34%             | 2050-06-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C7                                                              | BBCMS MTG TR 2020-C7 CSTR 04/15/2053                                                                 | CUSIP: 05492VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    860000 | PA      | $724694.57    | 0.09%             | 2053-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS 2016-ETC MTG TR                                                             | BBCMS 2016-ETC D CSTR 08/14/36 144A                                                                  | CUSIP: 05491LAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1749000 | PA      | $1592560.87   | 0.21%             | 2036-08-14      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-5C33                                                            | BBCMS MTG TR 2025-5C33 D 6.8473% 03/15/2058 144A                                                     | CUSIP: 072924AN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1575000 | PA      | $1496992.30   | 0.19%             | 2058-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC39                                                          | GS MTG SECS TR 2019-GC39 D 3% 05/10/2052 144A                                                        | CUSIP: 36260JAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2830000 | PA      | $2090913.80   | 0.27%             | 2052-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR VAR 07/05/2041 144A                                                                 | CUSIP: 29439DAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1535000 | PA      | $1549778.67   | 0.20%             | 2041-07-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 2.5% 08/15/2054 144A                                  | CUSIP: 95003DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    761000 | PA      | $562083.05    | 0.07%             | 2054-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP2                                                                | SREIT TR 2021-MFP2 TSFR1M+402.998 55 11/15/2036 144A                                                 | CUSIP: 85236WCU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1803000 | PA      | $1782979.67   | 0.23%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2020                                   | JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2020-COR7 D 1.75% 05/13/2053 144A                         | CUSIP: 46652JAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1535000 | PA      | $788081.43    | 0.10%             | 2053-05-13      | Fixed         | 0.02%                 | No            |                  3 | On Loan: No      |
| INTOWN 2025-STAY MTG TR                                                           | INTOWN 2025-STAY E MTG TR TSFR1M+385 03/15/2042 144A                                                 | CUSIP: 46117WAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1607000 | PA      | $1597956.61   | 0.21%             | 2042-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SOHO CHINA ABS 2021                                                               | SOHO CHINA ABS 2021-SOHO D 2.78648% 08/10/2028 144A                                                  | CUSIP: 83410JAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2499000 | PA      | $1498154.75   | 0.19%             | 2038-08-10      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| BX 2021-VOLT                                                                      | BX 2021-VOLT G TSFR1M+296.448 09/15/2023 144A                                                        | CUSIP: 05609VAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7836000 | PA      | $7734380.40   | 1.00%             | 2036-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PRIMA CAP CRE SECURITIZATION 2019-RK1 LTD/LLC                                     | PRIMA CAP CRE SECURITIZATION 2019-RK1 LTD/LLC BT 4.45% 04/15/2038 144A                               | CUSIP: 74166GAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2265000 | PA      | $2172327.07   | 0.28%             | 2038-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST 2019                                                           | CPT MORTGAGE TRUST 2019 CSTR 11/13/2039 144A                                                         | CUSIP: 12654YAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2205000 | PA      | $1779632.35   | 0.23%             | 2039-11-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-C20                                                     | BBCMS MORTGAGE TRUST 2023-C20 A5 5.576% 07/15/2056                                                   | CUSIP: 07336DAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1690000 | PA      | $1732450.43   | 0.22%             | 2056-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+406.448 08/15/2026 144A                                                      | CUSIP: 482606AS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4435575 | PA      | $4317476.46   | 0.56%             | 2038-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BN28                                                                    | BANK 2020-BN28 AS 2.14% 03/15/2063                                                                   | CUSIP: 06540YAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    717000 | PA      | $610245.73    | 0.08%             | 2063-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B18 MORTGAGE TRUST                                                 | BENCHMARK 2020-B18 MORTGAGE TRUST 4.534% 07/15/2053 144A                                             | CUSIP: 08163ABT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4074000 | PA      | $3982790.47   | 0.51%             | 2053-07-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2019                                                       | JPMDB COML MTG SECS TR 2019 2.5% 11/13/2052 144A                                                     | CUSIP: 48129RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1354000 | PA      | $651670.72    | 0.08%             | 2052-11-13      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WFCM 2022                                                                         | WFCM 2022 4% 04/15/2055                                                                              | CUSIP: 95003MBS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2074000 | PA      | $1932193.78   | 0.25%             | 2055-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL5                                                           | BX COML MTG TR 2024-XL5 E TSFR1M+368.835 03/15/2039 144A                                             | CUSIP: 05612GAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4462676 | PA      | $4437140.67   | 0.57%             | 2041-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| LBA TR 2024-BOLT                                                                  | LBA TR 2024-BOLT TSFR1M+368.6 06/15/2026 144A                                                        | CUSIP: 50177BAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $998750.00    | 0.13%             | 2039-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR RE CDO 05-1 LTD COR                                                    | CTCDO 2005-1A D TSFR1M+161.448 3/50                                                                  | CUSIP: 140558AD9<br>LEI: 549300EO21RSSTCI1873 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $0.08         | 0.00%             | 2050-03-20      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| CITIGROUP COML MTG TR 2022-GC48                                                   | CITIGROUP COML MTG TR 2022-GC48 2.5% 06/15/2055 144A                                                 | CUSIP: 29426VAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3129000 | PA      | $2106054.18   | 0.27%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MIRA TR 2023-MILE                                                                 | MIRA TR 2023-MILE 7.2026% 06/10/2038 144A                                                            | CUSIP: 55318EAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1012000 | PA      | $1027156.12   | 0.13%             | 2038-06-10      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CSMC 2019-UVIL                                                                    | CSMC 2019-UVIL E CSTR 12/15/2041 144A                                                                | CUSIP: 12656DAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6276000 | PA      | $5234381.07   | 0.68%             | 2041-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR2 CSTR 06/35                                                                        | CUSIP: 92939VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4354000 | PA      | $3786675.54   | 0.49%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| AGELLAN PORTFOLIO                                                                 | AGELLAN PORTFOLIO 9% 08/07/2025                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    908000 | PA      | $908000.00    | 0.12%             | 2025-08-07      | Fixed         | 0.09%                 | No            |                  3 | On Loan: No      |
| CITIGROUP COML MTG TR 2020-420K                                                   | CITIGROUP COMMERCIAL MORTGAGE TRUST 2020- 420K E CSTR 11/10/2042 144A                                | CUSIP: 17328QAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3345000 | PA      | $2798663.83   | 0.36%             | 2042-11-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2016-NXS6                                                 | WELLS FARGO COML MTG TR 2016-NXS6 D 3.059% 11/15/2049 144A                                           | CUSIP: 95000KAJ4<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1091725.75   | 0.14%             | 2049-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2018-BNK10                                                                   | BANK 2018-BNK10 4.078% 02/15/2061                                                                    | CUSIP: 065404BD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1035000 | PA      | $973471.94    | 0.13%             | 2061-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2023-PRM3                                                   | CITIGROUP COML MTG TR 2023-PRM3 C 6.35973% 07/10/2028 144A                                           | CUSIP: 17331LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1204000 | PA      | $1228912.08   | 0.16%             | 2028-07-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK 2021-BN35                                                                    | BANK 2021-BN35 2.285% 06/15/2064                                                                     | CUSIP: 06540CBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2650000 | PA      | $2266798.34   | 0.29%             | 2064-06-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| JPMBB COML MTG SECS TR 2015-C32                                                   | JPMBB COML MTG SECS TR 2015-C32 C CSTR 11/15/2048                                                    | CUSIP: 46590JBC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $637153.05    | 0.08%             | 2048-11-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| BX 2021-MFM1                                                                      | BX 2021-MFM1 TSFR1M+311.448 01/15/2034 144A                                                          | CUSIP: 05608VAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    583800 | PA      | $581361.58    | 0.07%             | 2034-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LV TR 2024-SHOW                                                                   | LV TR 2024-SHOW C VAR 10/10/2029                                                                     | CUSIP: 50245XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1629000 | PA      | $1626994.05   | 0.21%             | 2041-10-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX 2021-SDMF                                                                      | BX 2021-SDMF TSFR1M+205.148 7 09/15/2023 144A                                                        | CUSIP: 12434CAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1441138 | PA      | $1423124.21   | 0.18%             | 2034-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 C CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2016000 | PA      | $2010540.27   | 0.26%             | 2046-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| COMM 2013-LC6 MTG TR                                                              | COMM 2013-LC6 E MTG TR 3.5% 01/10/2046 144A                                                          | CUSIP: 20048EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2840000 | PA      | $2612800.00   | 0.34%             | 2046-01-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2002-W1 3B3 CSTR 2/42                                                                            | CUSIP: 31392CMZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     18840 | PA      | $8178.23      | 0.00%             | 2042-02-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| BX 2021-LBA                                                                       | BX 2021-LBA FJV TSFR1M+251.448 02/15/2028 144A                                                       | CUSIP: 05609BAP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458000 | PA      | $452275.00    | 0.06%             | 2036-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 D 2.5% 09/15/2055 144A                                                         | CUSIP: 054976AR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $861621.96    | 0.11%             | 2055-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMM 2015-DC1 MTG TR                                                              | COMM 2015-DC1 B MTG TR VAR 02/10/2048                                                                | CUSIP: 12629NAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3527000 | PA      | $3407752.13   | 0.44%             | 2048-02-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 E CSTR 7/15/49 144A                                                                      | CUSIP: 61760RAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    711137 | PA      | $690201.55    | 0.09%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+241.448 08/15/2038 144A                                                      | CUSIP: 482606AN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2020408 | PA      | $1982525.51   | 0.26%             | 2038-08-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B18 MORTGAGE TRUST                                                 | BENCHMARK 2020-B18 MORTGAGE TRUST 2.25% 07/15/2053 144A                                              | CUSIP: 08163AAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $857492.25    | 0.11%             | 2053-07-15      | Fixed         | 0.02%                 | No            |                  3 | On Loan: No      |
| BX COML MTG TR 2021-CIP                                                           | BX COML MTG TR 2021-CIP TSFR1M+293.448 12/15/2028 144A                                               | CUSIP: 12434FAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3819419 | PA      | $3807483.24   | 0.49%             | 2038-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2017-C33                                  | MORGAN STANLEY BK AMER MERRILL LYNCH TR 2017-C33 3.356% 05/15/2050 144A                              | CUSIP: 61767CAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2932000 | PA      | $2563223.01   | 0.33%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MKT 2020-525M MTG TR                                                              | MKT 2020-525M MTG TR CSTR 02/12/2040 144A                                                            | CUSIP: 55316PAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1976000 | PA      | $1334002.94   | 0.17%             | 2040-02-12      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 E CSTR 8/44                                                                            | CUSIP: 36191YAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2432000 | PA      | $731854.22    | 0.09%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILTON USA TR 2016-HHV VAR 11/05/2038 144A                                                           | CUSIP: 43300LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5078000 | PA      | $4907911.88   | 0.63%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B37 MTG TR                                                         | BENCHMARK 2022-B37 B MTG TR CSTR 11/15/2055                                                          | CUSIP: 08161QAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $964426.62    | 0.12%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE PLACE GROUP LTD PARTNERSHIP                                            | PPGLP 2000-C1 A2 7.75% 7/28                                                                          | CUSIP: 743784AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1032301 | PA      | $1050018.64   | 0.14%             | 2028-07-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2018-MP                                                   | MORGAN STANLEY CAP I TR 2018-MP VAR 07/11/2040 144A                                                  | CUSIP: 61691DAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3059000 | PA      | $2077256.47   | 0.27%             | 2040-07-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B39 C MTG TR                                                       | BENCHMARK 2023-B39 A5 MTG TR 5.75359% 07/15/2056                                                     | CUSIP: 081925AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2714000 | PA      | $2822335.28   | 0.36%             | 2056-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR D VAR 07/05/2041 144A                                                               | CUSIP: 29439DAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    327000 | PA      | $330102.67    | 0.04%             | 2041-07-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 E TSFR1M+288.94 07/15/2029 144A                                                         | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2820000 | PA      | $2781225.00   | 0.36%             | 2029-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2021-SAVE                                                 | WELLS FARGO COML MTG TR 2021-SAVE D TSFR1M+261.448 02/15/2040 144A                                   | CUSIP: 95003LAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $999410.10    | 0.13%             | 2040-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MHC TR 2021-MHC2                                                                  | MHC TR 2021-MHC2 TSFR1M+251.448 05/15/2023 144A                                                      | CUSIP: 55293AAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    754400 | PA      | $751571.00    | 0.10%             | 2038-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                                  | MORGAN STANLEY CAP I TR 2015 4.163% 5/15/48                                                          | CUSIP: 61765DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1541000 | PA      | $1232819.26   | 0.16%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 B CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535000 | PA      | $531491.10    | 0.07%             | 2046-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD3 MTG TR                                                                | CD 2017-CD3 D 3.25% 02/10/2050 144A                                                                  | CUSIP: 12515GAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4073000 | PA      | $850156.48    | 0.11%             | 2050-02-10      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-C21                                                     | BBCMS MORTGAGE TRUST 2023-C21 VAR 09/15/2026                                                         | CUSIP: 05553WAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1789000 | PA      | $1778657.97   | 0.23%             | 2056-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                                           | UBSCM 2012-C1 E CSTR 05/45                                                                           | CUSIP: 90269GAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1432663 | PA      | $1296559.97   | 0.17%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CREST DARTMOUTH STR 03 1 LTD                                                      | CRST DRTMTH ST 2003-1 0% PFD 144A                                                                    | CUSIP: 226065209<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |   3100000 | NS      | $31.00        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                                            | MORGAN STANLEY CAPITAL I TRUST 2017-H1 B 4.075% 06/15/2050                                           | CUSIP: 61691JAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $954391.90    | 0.12%             | 2050-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PRM5 TR 2025-PRM5                                                                 | PRM5 TR 2025-PRM5 E CSTR 03/10/2033 144A                                                             | CUSIP: 693980AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4435000 | PA      | $4417702.61   | 0.57%             | 2033-03-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2022-BNK42 A5 CSTR 06/15/2055                                                                   | CUSIP: 06541MBN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2326000 | PA      | $2221338.61   | 0.29%             | 2055-06-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WFCM 2022                                                                         | WFCM 2022 2.5% 04/15/2055 144A                                                                       | CUSIP: 95003MBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2352000 | PA      | $1566821.96   | 0.20%             | 2055-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC42                                                          | GS MTG SECS TR 2019-GC42 CSTR 09/01/2052                                                             | CUSIP: 36257UAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3833000 | PA      | $3280374.93   | 0.42%             | 2052-09-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK27                                                                   | BANK 2020-BNK27 2.5% 04/15/2063 144A                                                                 | CUSIP: 06539YAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    921000 | PA      | $679906.42    | 0.09%             | 2063-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG F TSFR1M+518.702 11/15/2034 144A                            | CUSIP: 81631WAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2189000 | PA      | $2176536.49   | 0.28%             | 2034-11-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| DC OFFICE TRUST 2019                                                              | DC OFFICE TRUST 2019-MTC E CSTR 12/31/2049 144A                                                      | CUSIP: 23312BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1029000 | PA      | $781296.14    | 0.10%             | 2045-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2024-C26                                                             | BBCMS MTG TR 2024-C26 C 6% 05/15/2057                                                                | CUSIP: 05555AAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $467153.62    | 0.06%             | 2057-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST 2019                                                           | CPT MORTGAGE TRUST 2019-CPT F CSTR 11/13/2039 144A                                                   | CUSIP: 12654YAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2772000 | PA      | $2063638.68   | 0.27%             | 2039-11-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                                  | MSCI TR 2015-MS1 B CSTR 05/15/2048                                                                   | CUSIP: 61765DAX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    428000 | PA      | $410183.43    | 0.05%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2020-VIVA                                            | BX COML MTG TR 2020-VIVA CSTR 03/09/2044 144A                                                        | CUSIP: 12433XAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9422000 | PA      | $8479900.82   | 1.09%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COMM 2014-CCRE17 MTG TR                                                           | COMM 2014-CCRE17 E CSTR 05/10/2047 144A                                                              | CUSIP: 12631DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    589000 | PA      | $449607.14    | 0.06%             | 2047-05-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MORGAN STANLEY CAP I TR 2011-C3 F CSTR 07/15/2049 144A                                               | CUSIP: 61760RAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    984000 | PA      | $915212.50    | 0.12%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL MEZZ                                                                | MHP 2022-MHIL MEZZ SOFR+500 01/09/2026                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3462152 | PA      | $3340977.05   | 0.43%             | 2026-01-09      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2022-B35 MTG TR                                                         | BENCHMARK 2022-B35 MTG TR 2.5% 05/15/2055 144A                                                       | CUSIP: 08163RAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3003000 | PA      | $1979188.11   | 0.26%             | 2055-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COML MTG TR 2021-MF F TSFR1M+346.448 07/15/2038 144A                                            | CUSIP: 69356GAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2225000 | PA      | $1103622.47   | 0.14%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  3 | On Loan: No      |
| SHR TR 2024-LXRY                                                                  | SHR TR 2024-LXRY E TSFR1M+450 10/15/2041 144A                                                        | CUSIP: 784234AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1216000 | PA      | $1204592.34   | 0.16%             | 2041-10-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-BPR2                                                 | MORGAN STANLEY CAP I TR 2024-BPR2 7.291% 05/05/2029 144A                                             | CUSIP: 61776EAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   2316138 | PA      | $2400947.22   | 0.31%             | 2029-05-05      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-C10                                        | JP MORGAN CHASE COML MTG SECS TR 19-OSB A 3.3973% 06/05/2039 144A                                    | CUSIP: 46651EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1696000 | PA      | $1574821.14   | 0.20%             | 2039-06-05      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS 2022                                                                        | BBCMS 2022 3.662% 04/15/2055                                                                         | CUSIP: 05552FBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3015000 | PA      | $2729831.35   | 0.35%             | 2055-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BXP TR 2021-601L                                                                  | BXP TR 2021-601L VAR 01/15/2044 144A                                                                 | CUSIP: 05607TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    709000 | PA      | $507544.53    | 0.07%             | 2044-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DK TR 2024-SPBX                                                                   | DK TR 2024-SPBX TSFR1M+400 03/15/2034 144A                                                           | CUSIP: 23346LAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2463000 | PA      | $2466588.59   | 0.32%             | 2034-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MHP 2021-STOR J TSFR1M+406.448 07/15/2038 144A                                                       | CUSIP: 55293BAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1847000 | PA      | $1839459.62   | 0.24%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| ARES TR 2024-IND2                                                                 | ARES TR 2024-IND2 F TSFR1M+403.9 10/15/2034 144A                                                     | CUSIP: 04021EAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2155000 | PA      | $2156185.25   | 0.28%             | 2034-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR B 1ML+0 07/05/2041 144A                                                             | CUSIP: 29439DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1817000 | PA      | $1831323.23   | 0.24%             | 2041-07-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-NSTB                                                 | MORGAN STANLEY CAP I TR 2024-NSTB VAR 09/20/2032 144A                                                | CUSIP: 61690BAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1786000 | PA      | $1668880.73   | 0.22%             | 2057-09-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMBB COML MTG SECS TR 2014-C26                                                   | JPMBB 2014-C26 D CSTR 01/15/2048 144A                                                                | CUSIP: 46643TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $1867477.50   | 0.24%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2021-CIP                                                           | BX COML MTG TR 2021-CIP F TSFR1M+333.348 73 11/15/2036 144A                                          | CUSIP: 12434FAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2199113 | PA      | $2182619.36   | 0.28%             | 2038-12-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-KING                                                          | BX COML MTG TR 2024-KING E TSFR1M+368.795 05/15/2039 144A                                            | CUSIP: 05612RAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7886180 | PA      | $7856606.77   | 1.01%             | 2034-05-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BFLD 2024-WRHS                                                                    | BFLD 2024-WRHS E TSFR1M+393.8 08/15/2026 144A                                                        | CUSIP: 05555HAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1714945 | PA      | $1713049.00   | 0.22%             | 2026-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 D CSTR 6/44                                                                              | CUSIP: 617459AJ1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   2205752 | PA      | $2183694.51   | 0.28%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-C30                                                     | BBCMS MORTGAGE TRUST 2024-C30 C 6.048% 11/15/2057                                                    | CUSIP: 05493YAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1313000 | PA      | $1283473.65   | 0.17%             | 2057-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                                  | BANK5 2024-5YR11 C VAR 11/15/2057                                                                    | CUSIP: 06644WBW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1251194.38   | 0.16%             | 2057-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2020-GC47                                                          | GS MTG SECS TR 2020-GC47 D CSTR 05/12/2053 144A                                                      | CUSIP: 36258RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756000 | PA      | $557009.76    | 0.07%             | 2053-05-12      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2021 MORTGAGE TRUST                                                     | BENCHMARK MORTGAGE TRUST 2021-B25 300E CSTR 04/15/2054 144A                                          | CUSIP: 08163DBZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1113000 | PA      | $440155.77    | 0.06%             | 2054-04-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2022-BNK42 E 2.5% 06/15/2055 144A                                                               | CUSIP: 06541MAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1302000 | PA      | $883421.06    | 0.11%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+359.8 1 11/15/2036 144A                                                      | CUSIP: 78486EAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4149000 | PA      | $4087953.69   | 0.53%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6                                   | MORGAN STAN BAML TR-2012-C6 VAR 11/15/2045 144A                                                      | CUSIP: 61761DAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3633000 | PA      | $2942766.33   | 0.38%             | 2045-11-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                        | BMO 2022-C1 MORTGAGE TRUST 3.374% 02/15/2055                                                         | CUSIP: 05609MCC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3142000 | PA      | $2831307.73   | 0.37%             | 2055-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-WPT                                                           | BX COML MTG TR 2024-WPT TSFR1M+358.84 03/15/2034 144A                                                | CUSIP: 05612JAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1775000 | PA      | $1767429.27   | 0.23%             | 2034-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK43                                                                   | BANK 2022-BNK43 D 3% 08/15/2055 144A                                                                 | CUSIP: 06541QAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2614000 | PA      | $1808967.73   | 0.23%             | 2055-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+393.874 11/15/2026 144A                                                     | CUSIP: 05593TAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4813939 | PA      | $4788371.88   | 0.62%             | 2041-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-5C33                                                            | BBCMS MTG TR 2025-5C33 C 6.025% 03/15/2058                                                           | CUSIP: 072924AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1063000 | PA      | $1059978.10   | 0.14%             | 2058-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP | RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP 6% 09/15/2049 144A | CUSIP: 76134KAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1345000 | PA      | $1311691.48   | 0.17%             | 2049-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 F CSTR 6/44                                                                              | CUSIP: 617459AL6<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   2011000 | PA      | $1387590.00   | 0.18%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2015-LC19 MTG TR                                                             | COMM 2015-LC19 C MTG TR CSTR 02/10/2048                                                              | CUSIP: 200474BH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3842000 | PA      | $3703432.51   | 0.48%             | 2048-02-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST 2018-C8                                             | UBS COMMERCIAL MORTGAGE TRUST 2018-C8 CSTR 02/15/2051                                                | CUSIP: 90276VAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756000 | PA      | $650747.03    | 0.08%             | 2051-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MSWF COML MTG TR 2023-1                                                           | MSWF COML MTG TR 2023-1 6.90553% 05/15/2056                                                          | CUSIP: 55376CBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1266000 | PA      | $1267808.23   | 0.16%             | 2056-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| KRE COML MTG TR 2025-AIP4                                                         | KRE COML MTG TR 2025-AIP4 E TSFR1M+300 03/15/2030 144A                                               | CUSIP: 50077KAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2527000 | PA      | $2505463.64   | 0.32%             | 2042-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer