# EDGAR Filing Document

**Accession Number:** 0001392116
**File Stem:** 0001752724-25-202840
**Filing Date:** 2025-8
**Character Count:** 112003
**Document Hash:** 91c9e9785b2d50317d5c5beac3df0c32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202840.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202840

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Voya Separate Portfolios Trust
- **CENTRAL INDEX KEY:** 0001392116

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22025
- **FILM NUMBER:** 251251479

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 800-992-0180

**MAIL ADDRESS:**
- **STREET 1:** 7337 EAST DOUBLETREE RANCH ROAD
- **STREET 2:** STE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258-2034

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING Separate Portfolios Trust
- **DATE OF NAME CHANGE:** 20070306

## Series and Classes Contracts Data

### Voya VACS Series SC Fund (Series ID: S000079626)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000240816 | Voya VACS Series SC Fund | VVIRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Voya Separate Portfolios Trust

- **b. Investment Company Act file number:** 811-22025

- **c. CIK number of Registrant:** 0001392116

- **d. LEI of Registrant:** 549300ZK3E04XAD4QG44

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

  - **Street Address 1:** 7337 East Doubletree Ranch Road

  - **City:** Scottsdale

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85258

  - **Telephone number:** 1-800-992-0180

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

- **a. Name of Series:** Voya VACS Series SC Fund

- **b. EDGAR series identifier (if any):** S000079626

- **c. LEI of Series:** 549300WMAVLRYOGXL523

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $208813952.06

**Total Liabilities:** $3410525.24

**Net Assets:** $205403426.82

**Delayed Delivery Securities:** $1000000.00

**Cash Not Reported:** $739510.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 28.56533000 | **1-Year:** 6690.77713000 | **5-Year:** 29503.36564000 | **10-Year:** 15771.81161000 | **30-Year:** 74.53941000

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

- **3-Month:** 81.52471000 | **1-Year:** 5074.75995000 | **5-Year:** 12457.06602000 | **10-Year:** 3703.33116000 | **30-Year:** 44.35381000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240816 | 0.59%                | 0.07%                | 1.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $165741.73               | $-364268.97                                |
| Month 2  | $442844.71               | $-278572.94                                |
| Month 3  | $314166.22               | $1044308.32                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-6                                     | CUSIP: 81749YCK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $968864.70    | 0.47%             | 2055-07-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I 2017-HR2                                 | CUSIP: 61691NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4684360 | PA      | $156439.35    | 0.08%             | 2050-12-15      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29       | CUSIP: 61766EBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $957207.90    | 0.47%             | 2049-05-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Arbys Funding LLC                           | Arbys Funding LLC                                                 | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    817245 | PA      | $780408.83    | 0.38%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2017-BNK4                                                    | CUSIP: 06541FAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    662526 | PA      | $510295.88    | 0.25%             | 2050-05-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust 2024-8                          | CUSIP: 16159XAV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1139389 | PA      | $1127269.98   | 0.55%             | 2055-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust              | BOCA Commercial Mortgage Trust 2024-BOCA                          | CUSIP: 096817AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005165.00   | 0.49%             | 2041-08-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC                         | CUSIP: 83401BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1205000 | PA      | $1163703.69   | 0.57%             | 2041-01-25      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fun              | Bayview Opportunity Master Fund VI Trust 2021-INV6                | CUSIP: 07335UCJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    708414 | PA      | $593707.65    | 0.29%             | 2051-10-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-GPA3                            | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    937714 | PA      | $939782.41    | 0.46%             | 2039-12-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-R02                      | CUSIP: 20754WAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    602296 | PA      | $616681.00    | 0.30%             | 2040-01-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fun              | Bayview MSR Opportunity Master Fund Trust 2021-INV5               | CUSIP: 07336JCL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    552352 | PA      | $471704.14    | 0.23%             | 2051-11-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2017-D LLC                         | CUSIP: 78471CAC3<br>LEI: 549300RC6OGKQI1MHM67 | Long             | ABS-O            | CORP              | US        |    376000 | PA      | $364123.44    | 0.18%             | 2040-09-25      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2024-9                                   | CUSIP: 46593DAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1162820 | PA      | $1149672.50   | 0.56%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2017-P8                       | CUSIP: 17326DAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6220215 | PA      | $147400.43    | 0.07%             | 2050-09-15      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2017-6                        | CUSIP: 64830BAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    389313 | PA      | $382051.58    | 0.19%             | 2057-08-27      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-LUNR                                                | CUSIP: 05594CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002816.20   | 0.49%             | 2040-06-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Arizona Biltmore Trust                      | ARZ Trust 2024-BILT                                               | CUSIP: 00218TAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $520710.85    | 0.25%             | 2029-06-11      | Fixed         | 8.27%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-8                                   | CUSIP: 46652TCK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    393356 | PA      | $343348.56    | 0.17%             | 2051-03-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| TIF Funding II LLC                          | TIF Funding II LLC                                                | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    446696 | PA      | $402007.98    | 0.20%             | 2046-02-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2025-CCM1                                | CUSIP: 46593MAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    480032 | PA      | $477405.32    | 0.23%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Bojangles Issuer, LLC                       | Bojangles Issuer LLC                                              | CUSIP: 09748RAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $613010.88    | 0.30%             | 2054-11-20      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Sunnova Sol Issuer,LLC                      | Sunnova Sol II Issuer LLC                                         | CUSIP: 86745PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1047925 | PA      | $853201.67    | 0.42%             | 2055-11-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove Clo 9 Ltd                                             | CUSIP: 09077WAG3<br>LEI: 254900VS6E4BD1HWHW18 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251069.75    | 0.12%             | 2037-10-22      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fun              | Bayview MSR Opportunity Master Fund Trust 2021-INV2               | CUSIP: 07336NCJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    580516 | PA      | $482422.36    | 0.23%             | 2051-12-25      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2021-NQM4                            | CUSIP: 45276JAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451722 | PA      | $346956.47    | 0.17%             | 2057-01-25      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2025-R02                      | CUSIP: 20754TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500566.70    | 0.24%             | 2045-02-25      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B22 Mortgage Trust                                 | CUSIP: 08163BBF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4756737 | PA      | $308472.71    | 0.15%             | 2054-01-15      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | Sofi Professional Loan Program 2018-C Trust                       | CUSIP: 78490DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    602000 | PA      | $582271.62    | 0.28%             | 2048-01-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WCORE Commercial Mortgage Trus              | WCORE Commercial Mortgage Trust 2024-CORE                         | CUSIP: 951913AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002089.50   | 0.49%             | 2041-11-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                             | CLI Funding VIII LLC                                              | CUSIP: 12565KAA5<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |    567512 | PA      | $521023.21    | 0.25%             | 2046-02-18      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                            | CIFC Funding 2024-III Ltd                                         | CUSIP: 12575WAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $301885.20    | 0.15%             | 2037-07-21      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                         | COMM 2024-CBM Mortgage Trust                                      | CUSIP: 12674GAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $508640.20    | 0.25%             | 2041-12-10      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R01                      | CUSIP: 20754LAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1054019 | PA      | $1082781.49   | 0.53%             | 2041-12-25      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-6                                   | CUSIP: 46649HBB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355643 | PA      | $321715.63    | 0.16%             | 2048-12-25      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                  | MFA 2021-INV2 Trust                                               | CUSIP: 552732AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050706 | PA      | $834137.42    | 0.41%             | 2056-11-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Sunrun Issuer                               | Sunrun Atlas Issuer 2019-2 LLC                                    | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    908284 | PA      | $861038.73    | 0.42%             | 2055-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2021-VOLT                            | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    728846 | PA      | $726022.35    | 0.35%             | 2036-09-15      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mor              | Bank of America Merrill Lynch Commercial Mortgage Trust 2017-BNK3 | CUSIP: 06427DAX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $864453.06    | 0.42%             | 2050-02-15      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| Starwood Residential Mortgage               | STAR 2021-1 Trust                                                 | CUSIP: 85573GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211773 | PA      | $197311.42    | 0.10%             | 2065-05-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-1                                 | CUSIP: 46654WCK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    472995 | PA      | $380862.75    | 0.19%             | 2052-07-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                              | Apidos CLO XV                                                     | CUSIP: 03764QBJ0<br>LEI: 549300HXW2GBYSKFE344 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350570.50    | 0.17%             | 2031-04-20      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2022-PJ5                      | CUSIP: 362925CE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1206299 | PA      | $1001131.94   | 0.49%             | 2052-10-25      | Variable      | 2.98%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential               | Starwood Mortgage Residential Trust 2020-3                        | CUSIP: 85573MAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    602296 | PA      | $563166.76    | 0.27%             | 2065-04-25      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-AIRC                            | CUSIP: 12433CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1286203 | PA      | $1291066.12   | 0.63%             | 2039-08-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                       | INTOWN 2025-STAY Mortgage Trust                                   | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    881000 | PA      | $879725.28    | 0.43%             | 2042-03-15      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2023-PJ4                      | CUSIP: 36270XAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    739090 | PA      | $744755.97    | 0.36%             | 2054-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2021-C60                    | CUSIP: 95003DBP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6026708 | PA      | $401613.18    | 0.20%             | 2054-08-15      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| Helios Issuer VI, LLC                       | SUNNOVA HELIOS II ISSUER LLC 2021-B                               | CUSIP: 86744TAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2005018 | PA      | $1423394.46   | 0.69%             | 2048-07-20      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | Sofi Professional Loan Program 2018-D Trust                       | CUSIP: 83401AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    632000 | PA      | $611240.63    | 0.30%             | 2048-02-25      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2020-1NV                                  | CUSIP: 33851YBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    666547 | PA      | $608286.49    | 0.30%             | 2050-03-25      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATION                        | MONDELEZ INTERNATION                                              | CUSIP: 60920VU75<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998218.80   | 0.97%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMD2 Re-REMIC Trust                         | BMD2 Re-Remic Trust 2019-FRR1                                     | CUSIP: 055631FB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1008846 | PA      | $794625.52    | 0.39%             | 2052-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                              | BAHA Trust 2024-MAR                                               | CUSIP: 05493XAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1046995.20   | 0.51%             | 2041-12-10      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        31 | NC      | $62178.03     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2021-J1                                                 | CUSIP: 12564KAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    346156 | PA      | $280695.20    | 0.14%             | 2051-03-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-ARIA                                                | CUSIP: 05608RAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $999127.50    | 0.49%             | 2036-10-15      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| TBW Mortgage Backed Pass Throu              | TBW Mortgage-Backed Trust 2006-6                                  | CUSIP: 87222PAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1073401 | PA      | $228343.54    | 0.11%             | 2037-01-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| BMD2 Re-REMIC Trust                         | BMD2 Re-Remic Trust 2019-FRR1                                     | CUSIP: 055631HH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2537173 | PA      | $2099398.51   | 1.02%             | 2052-05-25      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| PRM5 Trust                                  | PRM5 Trust 2025-PRM5                                              | CUSIP: 693980AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996580.20    | 0.49%             | 2033-03-10      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2023-R02                      | CUSIP: 20755AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1761717 | PA      | $1923842.88   | 0.94%             | 2043-01-25      | Floating      | 9.86%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2014-A                           | CUSIP: 784456AF2<br>LEI: 549300XC4C7GRVLU6076 | Long             | ABS-O            | CORP              | US        |    790000 | PA      | $713391.80    | 0.35%             | 2045-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-HYB1                                | CUSIP: 46651FAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    823026 | PA      | $830740.10    | 0.40%             | 2049-10-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2023-XL3                             | CUSIP: 12434GAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    537007 | PA      | $539971.56    | 0.26%             | 2040-12-09      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                        | FS Rialto 2025-FL10 Issuer LLC                                    | CUSIP: 30340KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $998136.70    | 0.49%             | 2042-08-19      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2020-B Trust                       | CUSIP: 83405FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1521000 | PA      | $1268979.88   | 0.62%             | 2046-05-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2015-2                                  | CUSIP: 89171YBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    331263 | PA      | $329244.28    | 0.16%             | 2057-11-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXX Ltd                                          | CUSIP: 09630QAQ4<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |    781125 | PA      | $781980.33    | 0.38%             | 2035-04-15      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-RISE                                                | CUSIP: 12434EAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    289103 | PA      | $288549.67    | 0.14%             | 2036-11-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2016-K57 Mortgage Trust                                     | CUSIP: 30295DAL6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1455653 | PA      | $1311873.14   | 0.64%             | 2049-08-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -6 | NC      | $-18763.32    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Hundred Acre Wood Trust                     | Hundred Acre Wood Trust 2021-INV3                                 | CUSIP: 44555QCF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    691242 | PA      | $584909.69    | 0.28%             | 2051-12-25      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH3                                   | CUSIP: 81748GEJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    804352 | PA      | $769857.93    | 0.37%             | 2049-09-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | EFMT 2024-RM3                                                     | CUSIP: 26845EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    998968 | PA      | $962327.75    | 0.47%             | 2054-12-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO                                  | AB BSL CLO 5 Ltd                                                  | CUSIP: 00038GAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    300000 | PA      | $301995.60    | 0.15%             | 2038-01-20      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Verde CLO Ltd                               | VERDE CLO Ltd                                                     | CUSIP: 92338BBA2<br>LEI: 254900DT3DF8KM5RRZ79 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350686.70    | 0.17%             | 2032-04-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2020-1 Trust               | CUSIP: 95002KBK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    563776 | PA      | $493060.58    | 0.24%             | 2049-12-25      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XV              | Octagon Investment Partners XVI Ltd                               | CUSIP: 67590BAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $450590.40    | 0.22%             | 2030-07-17      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-HQA4                           | CUSIP: 35564KPN3<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   1505741 | PA      | $1551143.91   | 0.76%             | 2041-12-25      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC               | UWM Mortgage Trust 2021-INV4                                      | CUSIP: 918307BH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    417292 | PA      | $342401.75    | 0.17%             | 2051-12-25      | Variable      | 3.22%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2025-PJ6                      | CUSIP: 36272KAP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1079573.88   | 0.53%             | 2055-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2024-12                                  | CUSIP: 46658TAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    873205 | PA      | $883656.83    | 0.43%             | 2055-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                           | Cedar Funding V CLO Ltd                                           | CUSIP: 15032AAU1<br>LEI: 635400NWFWJ92O7QGD64 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $801381.60    | 0.39%             | 2031-07-17      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-6                                 | CUSIP: 46655KDF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1123932 | PA      | $927280.80    | 0.45%             | 2052-11-25      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B18 Mortgage Trust                                 | CUSIP: 08163AAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6212372 | PA      | $309697.01    | 0.15%             | 2053-07-15      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-5                                   | CUSIP: 46653JBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    666787 | PA      | $591809.35    | 0.29%             | 2050-12-25      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC              | SUNNOVA HELIOS II ISSUER LLC 2018-1                               | CUSIP: 86745JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    512823 | PA      | $404719.41    | 0.20%             | 2048-07-20      | Fixed         | 7.71%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXVIII Ltd                                       | CUSIP: 09630TAA3<br>LEI: 5493001GLQHON6UV2U40 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246843.25    | 0.12%             | 2034-04-15      | Floating      | 10.92%                | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM Re-REMIC Trust 2021-FRR1                                      | CUSIP: 364614AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3147000 | PA      | $2708145.03   | 1.32%             | 2050-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2017-2                                     | CUSIP: 81746KCC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    460042 | PA      | $432498.94    | 0.21%             | 2047-02-25      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM Re-REMIC Trust 2021-FRR1                                      | CUSIP: 364614AE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2235423 | PA      | $1972542.28   | 0.96%             | 2050-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CO 07/07/2025                   | DUKE ENERGY CO 07/07/2025                                         | CUSIP: 26244HU76<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999119.20    | 0.49%             | 2025-07-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RFM RE-REMIC TRUST 2022-FRR1                | RFM Reremic Trust 2022-FRR1                                       | CUSIP: 74971BAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1897233 | PA      | $1674648.01   | 0.82%             | 2049-11-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2019-IMC                             | CUSIP: 05608BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    723659 | PA      | $710709.77    | 0.35%             | 2034-04-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO 07/08/2025                   | MCCORMICK & CO 07/08/2025                                         | CUSIP: 57978CU82<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997942.00   | 0.97%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                              | Galaxy 31 Clo Ltd                                                 | CUSIP: 36320HAQ2<br>LEI: 549300XTB6S9P2VMDV60 | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $1053894.45   | 0.51%             | 2038-07-15      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV3                                | CUSIP: 46651HBW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    665168 | PA      | $618213.73    | 0.30%             | 2050-03-25      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage              | Deephaven Residential Mortgage Trust 2021-4                       | CUSIP: 24381JAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    602296 | PA      | $460654.41    | 0.22%             | 2066-11-25      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH2                                   | CUSIP: 81747CCH2<br>LEI: 549300RES143ZXEZ6T39 | Long             | ABS-MBS          | CORP              | US        |    452981 | PA      | $446035.05    | 0.22%             | 2049-08-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                              | Oaktown Re VII Ltd                                                | CUSIP: 67389JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1144363 | PA      | $1165891.56   | 0.57%             | 2034-04-25      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2016-C37                    | CUSIP: 95000PAX2<br>LEI: 549300TRQQDPEF728F16 | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $773329.75    | 0.38%             | 2049-12-15      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-INV1                     | CUSIP: 362952BY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1411406 | PA      | $1434484.33   | 0.70%             | 2055-02-25      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF                         | GSAT Trust 2025-BMF                                               | CUSIP: 36271XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001912.90   | 0.49%             | 2030-07-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                        | Wingstop Funding LLC                                              | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1650000 | PA      | $1684347.06   | 0.82%             | 2054-12-05      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                             | Venture 33 CLO Ltd                                                | CUSIP: 92330YAW3<br>LEI: 549300NQPL9XHZ20E278 | Long             | ABS-CBDO         | CORP              | KY        |    333280 | PA      | $333752.26    | 0.16%             | 2031-07-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B18 Mortgage Trust                                 | CUSIP: 08163ABR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1841521 | PA      | $1820740.91   | 0.89%             | 2053-07-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Fannie Mae Connecticut Avenue Securities                          | CUSIP: 20754KAF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    301148 | PA      | $309280.86    | 0.15%             | 2041-11-25      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Parallel Ltd                                | Parallel 2023-1 Ltd                                               | CUSIP: 69915NAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000050.00   | 0.49%             | 2036-07-20      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2020-1                  | RCKT Mortgage Trust 2020-1                                        | CUSIP: 749389BH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    534443 | PA      | $482427.22    | 0.23%             | 2050-02-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                        | Wingstop Funding LLC                                              | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1712154 | PA      | $1624782.57   | 0.79%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                         | Sound Point CLO XXXII Ltd                                         | CUSIP: 83616AAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500875.00    | 0.24%             | 2034-10-25      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust              | Pagaya AI Debt Grantor Trust 2024-11                              | CUSIP: 69544AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    799908 | PA      | $802613.40    | 0.39%             | 2032-07-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                  | MSILF Government Portfolio                                        | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    788000 | NS      | $788000.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON  | CUSIP: 46650RAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1760000 | PA      | $1688359.20   | 0.82%             | 2034-01-05      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2024-HQA2                           | CUSIP: 35564NEC3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $401665.16    | 0.20%             | 2044-08-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Parallel Ltd                                | Parallel 2023-1 Ltd                                               | CUSIP: 69915NAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001250.00   | 0.49%             | 2036-07-20      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                          | Wind River 2014-1 CLO Ltd                                         | CUSIP: 88432CBD7<br>LEI: 549300AMLFWC1VCUN251 | Long             | ABS-CBDO         | CORP              | KY        |    416600 | PA      | $417011.60    | 0.20%             | 2031-07-18      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2023-2                                 | CUSIP: 46656DDF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    762763 | PA      | $723450.73    | 0.35%             | 2053-07-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV1                                | CUSIP: 46591DAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    447783 | PA      | $435807.88    | 0.21%             | 2049-09-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Sunrun Jupiter Issuer                       | Sunrun Jupiter Issuer 2022-1 LLC                                  | CUSIP: 86772RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1882651 | PA      | $1786055.00   | 0.87%             | 2057-07-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                             | Oaktree CLO 2019-4 Ltd                                            | CUSIP: 67402CBJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1507087.50   | 0.73%             | 2037-07-20      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus              | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001441.30   | 0.49%             | 2039-12-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2019-GC39                            | CUSIP: 36260JAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    653492 | PA      | $493348.30    | 0.24%             | 2052-05-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2024-2                                     | CUSIP: 81749HAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    638270 | PA      | $640793.73    | 0.31%             | 2054-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                             | Oaktree CLO 2024-25 Ltd                                           | CUSIP: 67402PAE7<br>LEI: 254900NTZ5OVNC5X7789 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251510.00    | 0.12%             | 2037-04-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| PRM Trust                                   | PRM Trust 2025-PRM6                                               | CUSIP: 74277DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $992778.30    | 0.48%             | 2033-07-05      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2022-CSMO                            | CUSIP: 05610MAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1009984.80   | 0.49%             | 2027-06-15      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R04                      | CUSIP: 20753GAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1006586.70   | 0.49%             | 2044-05-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch               | BAMLL Trust 2025-ASHF                                             | CUSIP: 05494CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001916.80   | 0.49%             | 2042-02-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Sunrun Issuer                               | Sunrun Xanadu Issuer 2019-1 LLC                                   | CUSIP: 86773PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355601 | PA      | $330021.57    | 0.16%             | 2054-06-30      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                      | CUSIP: 36459DBW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1178694 | PA      | $1169093.66   | 0.57%             | 2048-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-SBT1                     | CUSIP: 20753VBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    873330 | PA      | $908028.97    | 0.44%             | 2040-02-25      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                    | Ajax Mortgage Loan Trust 2019-F                                   | CUSIP: 00969PAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451722 | PA      | $435315.28    | 0.21%             | 2059-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2021-GSA3                            | CUSIP: 36263UAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    542067 | PA      | $371288.85    | 0.18%             | 2054-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Sunrun Iris Issuer                          | Sunrun Iris Issuer 2023-1 LLC                                     | CUSIP: 86772YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    712880 | PA      | $687362.23    | 0.33%             | 2059-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2019-F                  | CUSIP: 63935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1173233 | PA      | $1130152.83   | 0.55%             | 2068-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                          | Aqua Finance Trust 2021-A                                         | CUSIP: 03842VAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1747000 | PA      | $1592807.16   | 0.78%             | 2046-07-17      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-LGCY                                                | CUSIP: 12434DAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $498753.55    | 0.24%             | 2036-10-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| SDAL Trust                                  | SDAL Trust 2025-DAL                                               | CUSIP: 78437RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1004193.00   | 0.49%             | 2042-04-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-C32                                     | CUSIP: 07337AAT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $587772.45    | 0.29%             | 2062-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -18 | NC      | $-45599.76    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2025-3                            | CUSIP: 46593RAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1110478.60   | 0.54%             | 2055-09-25      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2023-1                                     | CUSIP: 81749BCE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    601735 | PA      | $571027.35    | 0.28%             | 2053-01-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove CLO 3 Ltd                                             | CUSIP: 09076VAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $549107.35    | 0.27%             | 2038-01-19      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finan              | Trafigura Securitisation Finance PLC                              | CUSIP: 892725AX0<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |   1850000 | PA      | $1883224.15   | 0.92%             | 2027-11-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| PRIMA Capital LTD                           | Prima Capital CRE Securitization 2019-VII Ltd                     | CUSIP: 74166QAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    223146 | PA      | $218420.50    | 0.11%             | 2050-12-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust               | MHC Trust 2021-MHC2                                               | CUSIP: 55293AAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360000 | PA      | $360155.81    | 0.18%             | 2038-05-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                 | CUSIP: 36257QAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    794856 | PA      | $733427.78    | 0.36%             | 2050-03-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC DISC COML 0.0 03JUL25          | AUTOZONE INC DISC COML 0.0 03JUL25                                | CUSIP: 05333TU35<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999247.00   | 0.97%             | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-8                                   | CUSIP: 46591KBU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    773932 | PA      | $688183.58    | 0.34%             | 2050-03-25      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2025-R03                      | CUSIP: 20754VAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1017485.90   | 0.50%             | 2045-03-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                 | CUSIP: 36257QAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    927729 | PA      | $858268.70    | 0.42%             | 2050-03-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2021-7                                     | CUSIP: 81748TCF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    691384 | PA      | $573468.43    | 0.28%             | 2051-11-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta              | Mello Mortgage Capital Acceptance 2018-MTG2                       | CUSIP: 585499BR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540429 | PA      | $513792.09    | 0.25%             | 2048-10-25      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2021-J3                             | CUSIP: 17330BDN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    417117 | PA      | $340698.30    | 0.17%             | 2051-09-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2021-14                                | CUSIP: 46653QCH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    414026 | PA      | $336323.92    | 0.16%             | 2052-05-25      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                       | LoanCore 2025 2025-CRE8 Issuer LLC                                | CUSIP: 53947FAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $990308.70    | 0.48%             | 2042-08-17      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                         | COMM 2024-CBM Mortgage Trust                                      | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $509315.30    | 0.25%             | 2041-12-10      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                       | Palmer Square CLO 2018-2 Ltd                                      | CUSIP: 69688MAS4<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $802601.60    | 0.39%             | 2037-04-16      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM Re-REMIC Trust 2021-FRR1                                      | CUSIP: 364614AS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2415208 | PA      | $2017392.81   | 0.98%             | 2050-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC               | UWM Mortgage Trust 2021-INV1                                      | CUSIP: 90354XBC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    549577 | PA      | $465011.12    | 0.23%             | 2051-08-25      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2025-VTT                    | CUSIP: 94990GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $856212.82    | 0.42%             | 2038-03-15      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-1                                   | CUSIP: 46648CAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    861632 | PA      | $769215.87    | 0.37%             | 2047-01-25      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-4                                   | CUSIP: 46648UAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    349618 | PA      | $321545.36    | 0.16%             | 2048-11-25      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-3                                   | CUSIP: 46649TAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    381687 | PA      | $346634.03    | 0.17%             | 2048-09-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2023-R05                      | CUSIP: 207942AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $539927.25    | 0.26%             | 2043-06-25      | Floating      | 9.06%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-SDMF                                                | CUSIP: 12434CAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1177401 | PA      | $1166485.01   | 0.57%             | 2034-09-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC TRUST 2021-FRR2                                      | CUSIP: 36459TAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1605421 | PA      | $1580664.77   | 0.77%             | 2051-09-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC     | CUSIP: 466330AN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500880.90    | 0.24%             | 2038-04-15      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-3                                   | CUSIP: 46649TBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540822 | PA      | $491151.63    | 0.24%             | 2048-09-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-3                                     | CUSIP: 81748ACE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    531740 | PA      | $468416.16    | 0.23%             | 2050-04-25      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| Mill City Solar Loan 2019-2 Lt              | Mill City Solar Loan 2019-2 Ltd                                   | CUSIP: 59982VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    346779 | PA      | $305687.09    | 0.15%             | 2043-07-20      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust               | MHC Commercial Mortgage Trust 2021-MHC                            | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360000 | PA      | $360400.62    | 0.18%             | 2038-04-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| PRIMA Capital LTD                           | Prima Capital CRE Securitization 2019-VII Ltd                     | CUSIP: 74166VAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3011482 | PA      | $2818696.71   | 1.37%             | 2050-12-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC              | Sunnova Helios IV Issuer LLC                                      | CUSIP: 86746CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    379147 | PA      | $330686.18    | 0.16%             | 2047-06-20      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| American Money Management Corp              | AMMC CLO 30 Ltd                                                   | CUSIP: 03165UAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1006003.00   | 0.49%             | 2037-01-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2022-INV3 Trust                                              | CUSIP: 36830RCC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    478770 | PA      | $446651.68    | 0.22%             | 2052-08-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 18 Ltd                          | Elmwood CLO 18 Ltd                                                | CUSIP: 29003MAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $753670.50    | 0.37%             | 2037-07-17      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B10 Mortgage Trust                                 | CUSIP: 08162VAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5005086 | PA      | $183459.92    | 0.09%             | 2062-03-15      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA1                           | CUSIP: 35564KQY8<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-MBS          | CORP              | US        |   3011482 | PA      | $3101895.72   | 1.51%             | 2042-01-25      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2023-10                                  | CUSIP: 465986AR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    975760 | PA      | $965524.45    | 0.47%             | 2054-05-25      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2021-3                                 | CUSIP: 92539LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250790 | PA      | $220504.44    | 0.11%             | 2066-06-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2021-B25 Mortgage Trust                                 | CUSIP: 08163DAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10253743 | PA      | $446200.85    | 0.22%             | 2054-04-15      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                | CD 2019-CD8 Mortgage Trust                                        | CUSIP: 12515BAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5113411 | PA      | $221210.01    | 0.11%             | 2057-08-15      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2020-BNK27                                                   | CUSIP: 06539XAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15801584 | PA      | $666690.18    | 0.32%             | 2063-04-15      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Tru              | IndyMac INDX Mortgage Loan Trust 2006-AR2                         | CUSIP: 45661EAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    612526 | PA      | $465645.44    | 0.23%             | 2046-02-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage sec              | Arbor Multifamily Mortgage Securities Trust 2021-MF3              | CUSIP: 03882KBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1701186 | PA      | $1286687.44   | 0.63%             | 2054-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                    | Oceanview Mortgage Trust 2021-5                                   | CUSIP: 67647ECF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060803 | PA      | $865346.91    | 0.42%             | 2051-10-25      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan              | Laurel Road Prime Student Loan Trust 2019-A                       | CUSIP: 51889RAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    312158 | PA      | $304491.02    | 0.15%             | 2048-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2018-1                                    | CUSIP: 61946FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    212708 | PA      | $199312.13    | 0.10%             | 2043-06-22      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust              | SWCH Commercial Mortgage Trust 2025-DATA                          | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994253.50    | 0.48%             | 2042-02-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV2                                | CUSIP: 46651ABC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    424886 | PA      | $410579.04    | 0.20%             | 2049-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                    | Ajax Mortgage Loan Trust 2019-D                                   | CUSIP: 00968FAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903444 | PA      | $850161.67    | 0.41%             | 2065-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-2                                   | CUSIP: 00842EAU5<br>LEI: 549300TSTBCBQ5EBD390 | Long             | ABS-MBS          | CORP              | US        |    274631 | PA      | $260273.75    | 0.13%             | 2046-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                              | Apidos CLO XXIV                                                   | CUSIP: 03759CAX8<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |    730000 | PA      | $731411.09    | 0.36%             | 2030-10-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B14 Mortgage Trust                                 | CUSIP: 08162YAP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4489366 | PA      | $227945.09    | 0.11%             | 2062-12-15      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-7                                   | CUSIP: 46651GBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    767914 | PA      | $678587.92    | 0.33%             | 2050-02-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                               | Radnor RE 2021-1 Ltd                                              | CUSIP: 75279YAC5<br>LEI: 254900PS93C2BX29OQ80 | Long             | ABS-MBS          | CORP              | BM        |     41278 | PA      | $41529.77     | 0.02%             | 2033-12-27      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                       | CUSIP: 36258FAT6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    593884 | PA      | $522264.02    | 0.25%             | 2050-05-25      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                   | ORL Trust 2024-GLKS                                               | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001176.80   | 0.49%             | 2039-12-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH3                                   | CUSIP: 81748GEQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    473659 | PA      | $451716.77    | 0.22%             | 2049-09-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                            | COLT 2021-1 Mortgage Loan Trust                                   | CUSIP: 19688EAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    915866 | PA      | $789522.98    | 0.38%             | 2066-06-25      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC                         | Zaxbys Funding LLC                                                | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1898550 | PA      | $1757631.35   | 0.86%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Mortgage Trust 2015-2                                   | CUSIP: 599808BL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    542067 | PA      | $498962.10    | 0.24%             | 2057-09-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates      | CUSIP: 3137H2NZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3888968 | PA      | $294115.04    | 0.14%             | 2036-08-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2022-J1 Trust                                                 | CUSIP: 67116WAP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    378397 | PA      | $307429.06    | 0.15%             | 2052-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC DIS 07/08/2021                   | FISERV INC DIS 07/08/2021                                         | CUSIP: 33774KU81<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997949.80   | 0.97%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Shellpoint Co-Originator Trust              | Shellpoint Co-Originator Trust 2017-2                             | CUSIP: 82281FCD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    326399 | PA      | $302364.83    | 0.15%             | 2047-10-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| SMRT                                        | SMRT 2022-MINI                                                    | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $731085.53    | 0.36%             | 2039-01-15      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2020-1NV                                  | CUSIP: 33851YBD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1337361 | PA      | $1244162.30   | 0.61%             | 2050-03-25      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV1                                | CUSIP: 46650PAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206970 | PA      | $198537.31    | 0.10%             | 2049-06-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                | Atrium Hotel Portfolio Trust 2017-ATRM                            | CUSIP: 04965JAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $484796.80    | 0.24%             | 2036-12-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-9                                   | CUSIP: 07386HYH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    323029 | PA      | $174549.27    | 0.08%             | 2035-11-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV2                                | CUSIP: 46651ABB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    424886 | PA      | $411633.40    | 0.20%             | 2049-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-4                                   | CUSIP: 46649CBF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    551193 | PA      | $505211.74    | 0.25%             | 2048-10-25      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2020-BNK30                                                   | CUSIP: 06541UCB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5176097 | PA      | $267472.21    | 0.13%             | 2053-12-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Trust 2015-1                                            | CUSIP: 46643UDQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215152 | PA      | $209558.82    | 0.10%             | 2044-12-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| RFM RE-REMIC TRUST 2022-FRR1                | RFM Reremic Trust 2022-FRR1                                       | CUSIP: 74971BBP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4104649 | PA      | $3872686.67   | 1.89%             | 2049-11-08      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPP 07/11/2025                   | KEURIG DR PEPP 07/11/2025                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1497890.70   | 0.73%             | 2025-07-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage sec              | Arbor Multifamily Mortgage Securities Trust 2021-MF3              | CUSIP: 03882KBA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    776962 | PA      | $617701.49    | 0.30%             | 2054-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC                | Triton Container Finance VIII LLC                                 | CUSIP: 89680HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    576791 | PA      | $523567.32    | 0.25%             | 2046-03-20      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                         | Sound Point CLO XXIX Ltd                                          | CUSIP: 83614VAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $1051722.00   | 0.51%             | 2034-04-25      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2016-LC25                   | CUSIP: 95000JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    861000 | PA      | $777235.03    | 0.38%             | 2059-12-15      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | Barclays Commercial Mortgage Trust 2019-C4                        | CUSIP: 07335CAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12872510 | PA      | $617713.15    | 0.30%             | 2052-08-15      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2024-CMI1                           | CUSIP: 17332DBZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    990282 | PA      | $996821.93    | 0.49%             | 2054-06-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV3                                | CUSIP: 46591LBW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    935435 | PA      | $866019.49    | 0.42%             | 2050-05-25      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC               | UWM Mortgage Trust 2021-INV5                                      | CUSIP: 90355DBJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1364410 | PA      | $1133447.92   | 0.55%             | 2052-01-25      | Variable      | 3.23%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2018-4                                    | CUSIP: 33851LAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    380466 | PA      | $348989.20    | 0.17%             | 2048-07-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2017-C40                    | CUSIP: 95000YAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9231125 | PA      | $125102.97    | 0.06%             | 2050-10-15      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US LONG BOND(CBT)                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -5 | NC      | $-20745.87    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| La Quinta Mortgage Trust                    | LAQ 2023-LAQ Mortgage Trust                                       | CUSIP: 516681AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $365545.55    | 0.18%             | 2036-03-15      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2015-1                                   | CUSIP: 00841WBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    422109 | PA      | $334964.14    | 0.16%             | 2045-01-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2024-CCM1                                | CUSIP: 46658NAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $983532.30    | 0.48%             | 2055-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2024-9                                     | CUSIP: 81749PAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    703249 | PA      | $695297.53    | 0.34%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2017-BNK8                                                    | CUSIP: 06650AAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6369284 | PA      | $174917.74    | 0.09%             | 2050-11-15      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2020-C Trust                       | CUSIP: 83390UAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1235000 | PA      | $1044548.80   | 0.51%             | 2046-02-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       323 | NC      | $252255.66    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DK Trust                                    | DK Trust 2024-SPBX                                                | CUSIP: 23346LAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1253142.13   | 0.61%             | 2034-03-15      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                 | Balboa Bay Loan Funding 2022-1 Ltd                                | CUSIP: 05766EAQ5<br>LEI: 549300USDGJ8GD3PWY07 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502303.00    | 0.24%             | 2037-04-20      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-INV6                                | CUSIP: 46654FAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    322738 | PA      | $261705.54    | 0.13%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Goddard Funding LLC                         | Goddard Funding LLC                                               | CUSIP: 380241AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    664440 | PA      | $671096.76    | 0.33%             | 2052-10-30      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| 1345 Trust                                  | 1345T 2025-AOA                                                    | CUSIP: 68271CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003222.80   | 0.49%             | 2030-06-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2020-1                                    | CUSIP: 61946NAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    271784 | PA      | $239160.18    | 0.12%             | 2046-04-20      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-2                                     | CUSIP: 81746YCD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355673 | PA      | $332540.51    | 0.16%             | 2049-06-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust              | Pagaya AI Debt Grantor Trust 2025-1                               | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    649945 | PA      | $653715.68    | 0.32%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B5 Mortgage Trust                                  | CUSIP: 08160BAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5710974 | PA      | $219030.70    | 0.11%             | 2051-07-15      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securit              | SG Commercial Mortgage Securities Trust 2020-COVE                 | CUSIP: 78397FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $822684.00    | 0.40%             | 2037-03-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                          | THL Credit Wind River 2017-3 Clo Ltd                              | CUSIP: 97316LAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1041500 | PA      | $1043583.00   | 0.51%             | 2035-04-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       143 | NC      | $120291.53    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-2                                     | CUSIP: 81748KEG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    661717 | PA      | $588952.46    | 0.29%             | 2050-03-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA2                           | CUSIP: 35564KSJ9<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |   2845850 | PA      | $2983175.92   | 1.45%             | 2042-02-25      | Floating      | 9.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA2                           | CUSIP: 35564KRN1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1558866.00   | 0.76%             | 2042-02-25      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                        | LOCKHEED MARTIN CORP                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999876.60    | 0.49%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan 2020-3 Ltd               | Loanpal Solar Loan Ltd                                            | CUSIP: 53948NAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    436976 | PA      | $310597.43    | 0.15%             | 2047-12-20      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2019-H7                            | CUSIP: 61771MAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11097283 | PA      | $455499.64    | 0.22%             | 2052-07-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| HYT Commercial Mortgage Trust               | HYT Commercial Mortgage Trust 2024-RGCY                           | CUSIP: 449173AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $600552.06    | 0.29%             | 2041-09-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Vivint Solar Financing LLC                  | Vivint Solar Financing VII LLC                                    | CUSIP: 92855HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    585611 | PA      | $526408.83    | 0.26%             | 2051-07-31      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| THE CIGNA GROU 07/02/2025                   | THE CIGNA GROU 07/02/2025                                         | CUSIP: 12553NU29<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999491.60   | 0.97%             | 2025-07-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne              | PRET 2025-RPL2 Trust                                              | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    973756 | PA      | $942836.86    | 0.46%             | 2064-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| KSL Commercial Mortgage Trust               | KSL Commercial Mortgage Trust 2024-HT2                            | CUSIP: 500937AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1249556.50   | 0.61%             | 2039-12-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2025-DWHP                   | CUSIP: 95004EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000310.20   | 0.49%             | 2038-04-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                      | CUSIP: 36459DBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1178995 | PA      | $1171344.68   | 0.57%             | 2048-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential               | Starwood Mortgage Residential Trust 2020-1                        | CUSIP: 85573AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903444 | PA      | $807709.65    | 0.39%             | 2050-02-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC TRUST 2021-FRR2                                      | CUSIP: 36459TBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    725526 | PA      | $720006.86    | 0.35%             | 2051-09-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust                 | Cherry Securitization Trust 2025-1                                | CUSIP: 16473RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $758216.78    | 0.37%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2014-1                                   | CUSIP: 46641CBS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    282739 | PA      | $243030.74    | 0.12%             | 2044-01-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Voya Separate Portfolios Trust

**Signature:** Dorothy Roman

**Name of Signer:** Dorothy Roman

**Title:** Vice President, Fund Administration