# EDGAR Filing Document

**Accession Number:** 0001742952
**File Stem:** 0001193125-26-080773
**Filing Date:** 2026-2
**Character Count:** 114336
**Document Hash:** 4db8f6434e96330d919e48907fffa610
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-080773.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-080773

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** John Hancock GA Mortgage Trust
- **CENTRAL INDEX KEY:** 0001742952

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23418
- **FILM NUMBER:** 26694999

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** (617) 663-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** John Hancock GA Mortgage Trust

- **b. Investment Company Act file number:** 811-23418

- **c. CIK number of Registrant:** 0001742952

- **d. LEI of Registrant:** 5493005U1VX5V7WKLF57

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

  - **Street Address 1:** 197 Clarendon Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02116

  - **Telephone number:** 617-543-9634

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

- **a. Name of Series:** John Hancock GA Mortgage Trust

- **c. LEI of Series:** 5493005U1VX5V7WKLF57

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2708489909.81

**Total Liabilities:** $111879032.23

**Net Assets:** $2596610877.58

**Cash Not Reported:** $256.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3860.714377103380 | **1-Year:** 96331.798826660800 | **5-Year:** 527466.110125720000 | **10-Year:** 727130.012476098000 | **30-Year:** 62369.213668720500

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

- **3-Month:** 57.639570432653 | **1-Year:** 2764.199382525460 | **5-Year:** 9360.280106316000 | **10-Year:** 1758.032145050490 | **30-Year:** 1.787987360034

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.48%                | 0.77%                | 0.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1302710.74              | $1851573.60                                |
| Month 2  | $-21856.38               | $11741276.25                               |
| Month 3  | $-21431.36               | $-6659957.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HARBOR BREEZE L.P. HARBOR BREEZE L.P.                        | HARBOR BREEZE L.P. HARBOR BREEZE L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4419980.00   | 0.17%             | 2031-11-01      | Fixed         | 2.40%                 | No            |                  3 | On Loan: No      |
| BWP CROWN VALLEY 1 LLC BWP CROWN VALLEY 2 LLC                | BWP CROWN VALLEY 1 LLC BWP CROWN VALLEY 2 LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15000000 | PA      | $11949555.00  | 0.46%             | 2037-04-01      | Fixed         | 3.02%                 | No            |                  3 | On Loan: No      |
| 8421 LYNDALE AVENUE SOUTH LLC 8421 LYNDALE AVENUE SOUTH LLC  | 8421 LYNDALE AVENUE SOUTH LLC 8421 LYNDALE AVENUE SOUTH LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4768757 | PA      | $4500376.24   | 0.17%             | 2028-11-01      | Fixed         | 2.58%                 | No            |                  3 | On Loan: No      |
| MEADOW AND CENTRAL LIMITED PARTNERSHIP                       | MEADOW AND CENTRAL LIMITED PARTNERSHIP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3663282 | PA      | $3337682.01   | 0.13%             | 2032-01-01      | Fixed         | 3.10%                 | No            |                  3 | On Loan: No      |
| RLIF INTERNATIONAL PARKWAY SPE LLC                           | RLIF INTERNATIONAL PARKWAY SPE, LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11100000 | PA      | $9518660.70   | 0.37%             | 2033-12-01      | Fixed         | 2.89%                 | No            |                  3 | On Loan: No      |
| Prime/SCRC SPE LLC                                           | Prime/SCRC SPE, LLC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $8917380.00   | 0.34%             | 2031-12-01      | Fixed         | 2.65%                 | No            |                  3 | On Loan: No      |
| BAYSIDE SQUARE INVESTMT S LLC BAYSIDE SQUARE INVESTMT S LLC  | BAYSIDE SQUARE INVESTMT S LLC BAYSIDE SQUARE INVESTMT S LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11900000 | PA      | $9494795.80   | 0.37%             | 2042-02-01      | Fixed         | 3.48%                 | No            |                  3 | On Loan: No      |
| Central Way Plaza LLC                                        | Central Way Plaza, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9172476 | PA      | $8323572.16   | 0.32%             | 2032-03-01      | Fixed         | 2.91%                 | No            |                  3 | On Loan: No      |
| Bref/Masters Cove LLC                                        | Bref/Masters Cove, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6037544 | PA      | $5727522.59   | 0.22%             | 2029-06-01      | Fixed         | 3.07%                 | No            |                  3 | On Loan: No      |
| TOWN CENTER ASSOCIATES TOWN CENTER ASSOCIATES                | TOWN CENTER ASSOCIATES TOWN CENTER ASSOCIATES                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3702300 | PA      | $3520524.28   | 0.14%             | 2029-03-01      | Fixed         | 2.79%                 | No            |                  3 | On Loan: No      |
| CANTON R2G OWNER LLC CANTON R2G OWNER LLC                    | CANTON R2G OWNER LLC CANTON R2G OWNER LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7300000 | PA      | $6934729.90   | 0.27%             | 2029-03-01      | Fixed         | 2.81%                 | No            |                  3 | On Loan: No      |
| BGN Properties Palm Gate LP                                  | BGN Properties Palm Gate, LP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7000000 | PA      | $6260149.00   | 0.24%             | 2032-06-01      | Fixed         | 2.86%                 | No            |                  3 | On Loan: No      |
| THE LINKS AT RAINBOW CURVE A LIMITED PARTNERSHIP             | THE LINKS AT RAINBOW CURVE A LIMITED PARTNERSHIP             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5499458 | PA      | $5198357.64   | 0.20%             | 2032-07-01      | Fixed         | 2.63%                 | No            |                  3 | On Loan: No      |
| BEL BRIDGEPORT LLC BEL BRIDGEPORT LLC                        | BEL BRIDGEPORT LLC BEL BRIDGEPORT LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  19300000 | PA      | $18291613.60  | 0.70%             | 2029-03-01      | Fixed         | 2.84%                 | No            |                  3 | On Loan: No      |
| NCHC 3 LLC  Tbd                                              | NCHC 3, LLC  Tbd                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17136413 | PA      | $15686723.92  | 0.60%             | 2032-02-01      | Fixed         | 3.39%                 | No            |                  3 | On Loan: No      |
| TOPAZ HOUSE LTD PARTNERSHIP TOPAZ HOUSE LTD PARTNERSHIP      | TOPAZ HOUSE LTD PARTNERSHIP TOPAZ HOUSE LTD PARTNERSHIP      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  16192857 | PA      | $13473671.80  | 0.52%             | 2047-04-01      | Fixed         | 3.30%                 | No            |                  3 | On Loan: No      |
| ROLLINS PARK APARTMENT SEC TWO LIMITED PARTNERSHIP           | ROLLINS PARK APARTMENT SEC TWO LIMITED PARTNERSHIP           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9074731 | PA      | $7468195.12   | 0.29%             | 2047-04-01      | Fixed         | 3.21%                 | No            |                  3 | On Loan: No      |
| ROLLINS PARK SECTION III LIMITED PARTNERSHIP                 | ROLLINS PARK SECTION III LIMITED PARTNERSHIP                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3863499 | PA      | $3179528.49   | 0.12%             | 2047-04-01      | Fixed         | 3.21%                 | No            |                  3 | On Loan: No      |
| Kingswick Apartments L.P.                                    | Kingswick Apartments, L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12012137 | PA      | $9909448.52   | 0.38%             | 2042-04-01      | Fixed         | 3.31%                 | No            |                  3 | On Loan: No      |
| HUNTERS PRICE LP HUNTERS PRICE LP                            | HUNTERS PRICE LP HUNTERS PRICE LP                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11500000 | PA      | $10523397.00  | 0.41%             | 2032-04-01      | Fixed         | 3.36%                 | No            |                  3 | On Loan: No      |
| Americana Lakewood V LLC                                     | Americana Lakewood V, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17411364 | PA      | $16025071.50  | 0.62%             | 2032-09-01      | Fixed         | 3.11%                 | No            |                  3 | On Loan: No      |
| PRTC L.P.                                                    | PRTC, L.P.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10715415 | PA      | $9830192.91   | 0.38%             | 2032-05-01      | Fixed         | 3.13%                 | No            |                  3 | On Loan: No      |
| 257 RIDGEWOOD AVE LLC 257 RIDGEWOOD AVE LLC                  | 257 RIDGEWOOD AVE LLC 257 RIDGEWOOD AVE LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9972853 | PA      | $9277764.76   | 0.36%             | 2032-04-01      | Fixed         | 3.56%                 | No            |                  3 | On Loan: No      |
| Platt Partners L.P.                                          | Platt Partners, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  14000000 | PA      | $11900168.00  | 0.46%             | 2037-05-05      | Fixed         | 3.44%                 | No            |                  3 | On Loan: No      |
| Creekwood Centre Denton LLC                                  | Creekwood Centre Denton, LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11000000 | PA      | $10167696.00  | 0.39%             | 2032-04-01      | Fixed         | 3.40%                 | No            |                  3 | On Loan: No      |
| SM 101 THREE LLC                                             | SM 101 THREE, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2000000 | PA      | $2007282.88   | 0.08%             | 2036-01-01      | Fixed         | 5.78%                 | No            |                  3 | On Loan: No      |
| ROWLAND L.L.C. ROWLAND L.L.C.                                | ROWLAND, L.L.C. ROWLAND, L.L.C.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7055728 | PA      | $7191621.33   | 0.28%             | 2030-08-01      | Fixed         | 5.54%                 | No            |                  3 | On Loan: No      |
| PRICE LONDON PARK L.P.                                       | PRICE LONDON PARK, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4600000 | PA      | $4790131.80   | 0.18%             | 2030-03-01      | Fixed         | 5.06%                 | No            |                  3 | On Loan: No      |
| REP A 2033LLC REP A 2033LLC                                  | REP A 2033LLC REP A 2033LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  18764231 | PA      | $19849535.11  | 0.76%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| RODERICK   CATALYST  5 LLC RODERICK   CATALYST  5 LLC        | RODERICK   CATALYST  5, LLC RODERICK   CATALYST  5, LLC      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5382913 | PA      | $5380861.97   | 0.21%             | 2044-05-01      | Fixed         | 5.60%                 | No            |                  3 | On Loan: No      |
| PHASE 2 GLC 2 LLC PHASE 2 GLC 2 LLC                          | PHASE 2 GLC 2, LLC PHASE 2 GLC 2, LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  13350508 | PA      | $13891978.14  | 0.54%             | 2034-07-01      | Fixed         | 5.78%                 | No            |                  3 | On Loan: No      |
| LB PCH ASSOCIATES LLC LB PCH ASSOCIATES LLC                  | LB PCH ASSOCIATES LLC LB PCH ASSOCIATES LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17057548 | PA      | $15878223.29  | 0.61%             | 2032-05-01      | Fixed         | 3.87%                 | No            |                  3 | On Loan: No      |
| OCEAN POINTE VENTURE FUND I L OCEAN POINTE VENTURE FUND I    | OCEAN POINTE VENTURE FUND I, L OCEAN POINTE VENTURE FUND I,  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6941352 | PA      | $6350962.59   | 0.24%             | 2047-08-01      | Fixed         | 4.84%                 | No            |                  3 | On Loan: No      |
| CE ENTERPRISE PARTNERS ILLC CE ENTERPRISE PARTNERS ILLC      | CE ENTERPRISE PARTNERS I,LLC CE ENTERPRISE PARTNERS I,LLC    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3872718 | PA      | $3832387.33   | 0.15%             | 2032-07-01      | Fixed         | 4.70%                 | No            |                  3 | On Loan: No      |
| AMAN INC. AMAN INC.                                          | AMAN INC. AMAN INC.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  21685247 | PA      | $21404444.86  | 0.82%             | 2029-12-01      | Fixed         | 5.17%                 | No            |                  3 | On Loan: No      |
| PEACERANCHPEACE ANCH MADISON PEACERANCHSBLLC                 | PEACERANCH,PEACE ANCH MADISON PEACERANCHSBLLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5040740.00   | 0.19%             | 2027-09-01      | Fixed         | 5.57%                 | No            |                  3 | On Loan: No      |
| AROW FREMONT BLVD LLC AROWLITTLEFIELD AROWVOLPEY             | AROW FREMONT BLVD LLC AROWLITTLEFIELD AROWVOLPEY             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5011500.00   | 0.19%             | 2027-11-05      | Fixed         | 4.42%                 | No            |                  3 | On Loan: No      |
| JB IV V LLC JB IV V LLC                                      | JB IV V LLC JB IV V LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4916070.00   | 0.19%             | 2032-12-01      | Fixed         | 4.58%                 | No            |                  3 | On Loan: No      |
| CONTINENTAL PLAZA LLC CONTINENTAL PLAZA LLC                  | CONTINENTAL PLAZA, LLC CONTINENTAL PLAZA, LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4792387 | PA      | $5011231.12   | 0.19%             | 2033-01-01      | Fixed         | 5.49%                 | No            |                  3 | On Loan: No      |
| LN BEAR CREEK LLC LN BEAR CREEK LLC                          | LN BEAR CREEK, LLC LN BEAR CREEK, LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4792387 | PA      | $5011231.13   | 0.19%             | 2033-01-01      | Fixed         | 5.49%                 | No            |                  3 | On Loan: No      |
| MCCUE VENTURES LLC MCCUE VENTURES LLC                        | MCCUE VENTURES LLC MCCUE VENTURES LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11193516 | PA      | $10847121.64  | 0.42%             | 2058-05-01      | Fixed         | 5.57%                 | No            |                  3 | On Loan: No      |
| CRAWFORD LONG CPI LLC CRAWFORD LONG CPI LLC                  | CRAWFORD LONG CPI, LLC CRAWFORD LONG CPI, LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  31500000 | PA      | $31735305.00  | 1.22%             | 2032-06-01      | Fixed         | 4.80%                 | No            |                  3 | On Loan: No      |
| RANCHO SAN MARINO PARTNERS A CALI GENERAL PARTNERSHIP        | RANCHO SAN MARINO PARTNERS A CALI GENERAL PARTNERSHIP        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10200000 | PA      | $10615650.00  | 0.41%             | 2034-10-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| OLTMANSINVTSMNTCO LLC ADELAWARELTDLIABILITYCO                | OLTMANSINVTSMNTCO, LLC, ADELAWARELTDLIABILITYCO              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4300000 | PA      | $4478050.10   | 0.17%             | 2033-10-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| WESTMOUNT PLAZA ARLINGTON PLAZA JOINT VENTURE                | WESTMOUNT PLAZA ARLINGTON PLAZA JOINT VENTURE                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12929840 | PA      | $13447835.09  | 0.52%             | 2034-06-10      | Fixed         | 5.82%                 | No            |                  3 | On Loan: No      |
| SFI LTD. PARTNERSHIP 12 SFI LTD. PARTNERSHIP 12              | SFI LTD. PARTNERSHIP 12 SFI LTD. PARTNERSHIP 12              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  16542324 | PA      | $16765761.15  | 0.65%             | 2053-11-01      | Fixed         | 5.90%                 | No            |                  3 | On Loan: No      |
| MONTICELLO APARTMENTSLLC MONTICELLO APARTMENTSLLC            | MONTICELLO APARTMENTS,LLC MONTICELLO APARTMENTS,LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3446672 | PA      | $3612246.96   | 0.14%             | 2038-11-01      | Fixed         | 5.76%                 | No            |                  3 | On Loan: No      |
| UGP BROADWAY STADIUM EASTLLC UGP ONTARIO ST.CLAIRLLC         | UGP BROADWAY STADIUM EAST,LLC UGP ONTARIO ST.CLAIR,LLC       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  25376021 | PA      | $26647942.91  | 1.03%             | 2030-11-01      | Fixed         | 6.53%                 | No            |                  3 | On Loan: No      |
| EREP COBBLER CROSSING II LLC                                 | EREP COBBLER CROSSING II, LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3066132 | PA      | $3216764.88   | 0.12%             | 2028-12-01      | Fixed         | 6.62%                 | No            |                  3 | On Loan: No      |
| SLI III LLC SLI III LLC                                      | SLI III, LLC SLI III, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4009307 | PA      | $4349299.83   | 0.17%             | 2034-01-01      | Fixed         | 6.49%                 | No            |                  3 | On Loan: No      |
| SIC MOUNTAINBAYPLAZALLC SIC MOUNTAINBAYPLAZALLC              | SIC MOUNTAINBAYPLAZA,LLC SIC MOUNTAINBAYPLAZA,LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9535260 | PA      | $10123881.23  | 0.39%             | 2030-01-01      | Fixed         | 7.12%                 | No            |                  3 | On Loan: No      |
| HUDSON TROY TOWERS APT CORP HUDSON TROY TOWERS APT CORP      | HUDSON TROY TOWERS APT CORP HUDSON TROY TOWERS APT CORP      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7111834 | PA      | $7436069.69   | 0.29%             | 2028-11-01      | Fixed         | 6.14%                 | No            |                  3 | On Loan: No      |
| SANDSTONE TUCSON LLC SANDSTONE TUCSON LLC                    | SANDSTONE TUCSON, LLC SANDSTONE TUCSON, LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4874978 | PA      | $5092757.73   | 0.20%             | 2029-01-01      | Fixed         | 5.82%                 | No            |                  3 | On Loan: No      |
| ELSINORE DEVELOPERS LLC ELSINORE DEVELOPERS LLC              | ELSINORE DEVELOPERS LLC ELSINORE DEVELOPERS LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5344745.00   | 0.21%             | 2034-02-01      | Fixed         | 6.09%                 | No            |                  3 | On Loan: No      |
| FOUR SEASONS APTMNTSLLC FOUR SEASONS APTMNTSLLC              | FOUR SEASONS APTMNTS,LLC FOUR SEASONS APTMNTS,LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5300000 | PA      | $5455157.50   | 0.21%             | 2029-03-01      | Fixed         | 5.59%                 | No            |                  3 | On Loan: No      |
| HOWARD LEHIGH HOLDINGSLLC HOWARD LEHIGH HOLDINGSLLC          | HOWARD LEHIGH HOLDINGSLLC HOWARD LEHIGH HOLDINGSLLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7532291 | PA      | $7749484.96   | 0.30%             | 2034-04-01      | Fixed         | 5.77%                 | No            |                  3 | On Loan: No      |
| CHAPEL HILLS EAST LLC CHAPEL HILLS EAST LLC                  | CHAPEL HILLS EAST LLC CHAPEL HILLS EAST LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6100000 | PA      | $6228838.10   | 0.24%             | 2034-03-01      | Fixed         | 5.95%                 | No            |                  3 | On Loan: No      |
| AFCC SPE L.L.C. AFCC SPE L.L.C.                              | AFCC SPE L.L.C. AFCC SPE L.L.C.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  14145628 | PA      | $14567436.32  | 0.56%             | 2034-04-01      | Fixed         | 5.81%                 | No            |                  3 | On Loan: No      |
| SONOMA AT PORTER RANCH LLC SONOMA AT PORTER RANCH LLC        | SONOMA AT PORTER RANCH, LLC SONOMA AT PORTER RANCH, LLC      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9687069 | PA      | $9961145.40   | 0.38%             | 2034-05-01      | Fixed         | 5.40%                 | No            |                  3 | On Loan: No      |
| United States Treasury Bills                                 | UNITED STATES TREASURY BILL 01/26 0.00000                    | CUSIP: 912797RH2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  24200000 | PA      | $24185991.35  | 0.93%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                 | TREASURY BILL                                                | CUSIP: 912797RT6<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   7700000 | PA      | $7668523.25   | 0.30%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                 | UNITED STATES TREASURY BILL 01/26 0.00000                    | CUSIP: 912797SE8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  30000000 | PA      | $29988483.30  | 1.15%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GADBERRY COURTS L.P.                                         | GADBERRY COURTS, L.P.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6253788 | PA      | $5691290.91   | 0.22%             | 2032-05-01      | Fixed         | 3.33%                 | No            |                  3 | On Loan: No      |
| ROSE GARDENS SENIOR L.P.                                     | ROSE GARDENS SENIOR, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7839255 | PA      | $7134152.92   | 0.27%             | 2032-05-01      | Fixed         | 3.33%                 | No            |                  3 | On Loan: No      |
| WOODLANE PLACE TOWNHOMES LLC                                 | WOODLANE PLACE TOWNHOMES LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8732073 | PA      | $7509443.46   | 0.29%             | 2035-05-05      | Fixed         | 2.90%                 | No            |                  3 | On Loan: No      |
| WOODS I LLC                                                  | WOODS I LLC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6605850 | PA      | $6141511.97   | 0.24%             | 2030-07-01      | Fixed         | 3.10%                 | No            |                  3 | On Loan: No      |
| PADEMELON LLC                                                | PADEMELON LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6000000 | PA      | $5576064.00   | 0.21%             | 2030-06-01      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| PLATYPUS LLC                                                 | PLATYPUS LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4000000 | PA      | $3704908.00   | 0.14%             | 2030-06-01      | Fixed         | 2.95%                 | No            |                  3 | On Loan: No      |
| BANDICOOT LLC                                                | BANDICOOT LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15000000 | PA      | $13910280.00  | 0.54%             | 2030-06-01      | Fixed         | 2.95%                 | No            |                  3 | On Loan: No      |
| 1360 SUMMITRIDGE RS LLC                                      | 1360 SUMMITRIDGE RS LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4471548 | PA      | $4161803.67   | 0.16%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  3 | On Loan: No      |
| MIDWAY MANOR APARTMENTS L.P.                                 | MIDWAY MANOR APARTMENTS, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3200000 | PA      | $2828787.20   | 0.11%             | 2031-11-01      | Fixed         | 2.40%                 | No            |                  3 | On Loan: No      |
| REHCO LOAN LLC REHCO LOAN LLC                                | REHCO LOAN LLC REHCO LOAN LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4735460 | PA      | $3573567.78   | 0.14%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| West Valley Properties Inc.                                  | West Valley Properties, Inc.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7000000 | PA      | $5602268.00   | 0.22%             | 2036-12-01      | Fixed         | 2.78%                 | No            |                  3 | On Loan: No      |
| INTERPARK HOLDINGS LLC INTERPARK HOLDINGS LLC                | INTERPARK HOLDINGS, LLC INTERPARK HOLDINGS, LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  48411474 | PA      | $49672979.77  | 1.91%             | 2033-07-01      | Fixed         | 5.86%                 | No            |                  3 | On Loan: No      |
| SRB1 LLC SRB1 LLC                                            | SRB1, LLC SRB1, LLC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $20662660.00  | 0.80%             | 2038-09-01      | Fixed         | 5.67%                 | No            |                  3 | On Loan: No      |
| HCFD ROUND ROCK LTD. HCFD ROUND ROCK LTD.                    | HCFD ROUND ROCK, LTD. HCFD ROUND ROCK, LTD.                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10870717 | PA      | $11035506.27  | 0.42%             | 2049-10-01      | Fixed         | 6.07%                 | No            |                  3 | On Loan: No      |
| LAHABRAWESTRIDGE PARTNERS L.P.                               | LAHABRAWESTRIDGE PARTNERS, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $21041800.00  | 0.81%             | 2034-09-01      | Fixed         | 5.97%                 | No            |                  3 | On Loan: No      |
| BGN PROPERTIES COVINA PALMS LP BGN PROPERTIES COVINA PALMS L | BGN PROPERTIES COVINA PALMS LP BGN PROPERTIES COVINA PALMS L | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4881630 | PA      | $5078945.12   | 0.20%             | 2034-09-01      | Fixed         | 5.63%                 | No            |                  3 | On Loan: No      |
| PHASE 1A GLC 7 LLC AND SLC PORT PHASE 1A LLC                 | PHASE 1A GLC 7, LLC AND SLC PORT PHASE 1A, LLC               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4920198 | PA      | $5118668.46   | 0.20%             | 2034-09-01      | Fixed         | 5.83%                 | No            |                  3 | On Loan: No      |
| MACAW PHOEBE INVESTORS MACAW PHOEBE INVESTORS                | MACAW PHOEBE INVESTORS MACAW PHOEBE INVESTORS                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6600000 | PA      | $6818242.20   | 0.26%             | 2035-09-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| 1635 DIVISADERO MEDICAL BUILDI                               | 1635 DIVISADERO MEDICAL BUILDI                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3166133 | PA      | $3079732.49   | 0.12%             | 2030-06-01      | Fixed         | 3.95%                 | No            |                  3 | On Loan: No      |
| 5021 ST LLC                                                  | 5021 ST LLC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  30193807 | PA      | $28835658.96  | 1.11%             | 2040-09-01      | Fixed         | 4.39%                 | No            |                  3 | On Loan: No      |
| PLAZA INV. A CALIFORNIA LIMITE                               | PLAZA INV. A CALIFORNIA LIMITE                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  25476660 | PA      | $25434037.23  | 0.98%             | 2026-05-01      | Fixed         | 3.91%                 | No            |                  3 | On Loan: No      |
| 14G OMCC LLC OLYMPIC MILLS COM CTRLLC                        | 14G OMCC LLC OLYMPIC MILLS COM CTR,LLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8874966 | PA      | $8219922.69   | 0.32%             | 2036-03-01      | Fixed         | 4.06%                 | No            |                  3 | On Loan: No      |
| 11 WEST PARTNERS 95 LLC 11 WEST PARTNERS 95 LLC              | 11 WEST PARTNERS 95, LLC 11 WEST PARTNERS 95, LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9318366 | PA      | $8511814.67   | 0.33%             | 2032-05-01      | Fixed         | 3.77%                 | No            |                  3 | On Loan: No      |
| RMV TERRACE SHOPS LLC                                        | RMV TERRACE SHOPS, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7003459 | PA      | $6518077.13   | 0.25%             | 2032-06-01      | Fixed         | 3.87%                 | No            |                  3 | On Loan: No      |
| WG OPELOUSAS LA L.L.C.                                       | WG OPELOUSAS LA L.L.C.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    793887 | PA      | $837930.54    | 0.03%             | 2028-05-01      | Fixed         | 7.29%                 | No            |                  3 | On Loan: No      |
| TIVOLI ORLANDO ASSOCIATES LTD.                               | TIVOLI ORLANDO ASSOCIATES LTD.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8377849 | PA      | $8738172.23   | 0.34%             | 2027-10-01      | Fixed         | 6.75%                 | No            |                  3 | On Loan: No      |
| PARC CENTER DRIVE JOINT VENTUR                               | PARC CENTER DRIVE JOINT VENTUR                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1632515 | PA      | $1686684.73   | 0.06%             | 2032-02-01      | Fixed         | 5.48%                 | No            |                  3 | On Loan: No      |
| BW LOGAN LLC                                                 | BW LOGAN LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1321556 | PA      | $1356414.40   | 0.05%             | 2028-04-01      | Fixed         | 6.37%                 | No            |                  3 | On Loan: No      |
| MANOA SHOPPING CENTER ASSOCIAT                               | MANOA SHOPPING CENTER ASSOCIAT                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3765537 | PA      | $4006011.89   | 0.15%             | 2030-03-01      | Fixed         | 7.06%                 | No            |                  3 | On Loan: No      |
| SILVERADO RANCH CENTRE LLC                                   | SILVERADO RANCH CENTRE LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3792979 | PA      | $4050749.58   | 0.16%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| 1635 DIVISADERO MEDICAL BUILDI                               | 1635 DIVISADERO MEDICAL BUILDI                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6427861 | PA      | $6709715.87   | 0.26%             | 2030-06-01      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| POP 3 RAVINIA LLC                                            | POP 3 RAVINIA, LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        | 107648084 | PA      | $99181777.62  | 3.82%             | 2042-01-01      | Fixed         | 4.46%                 | No            |                  3 | On Loan: No      |
| GATEWAY MHP LTD.                                             | GATEWAY MHP, LTD.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8728376 | PA      | $8634685.50   | 0.33%             | 2029-07-01      | Fixed         | 3.95%                 | No            |                  3 | On Loan: No      |
| 192 INVESTORS LLC                                            | 192 INVESTORS LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15910859 | PA      | $15590637.25  | 0.60%             | 2029-08-01      | Fixed         | 3.75%                 | No            |                  3 | On Loan: No      |
| DOWNTOWN WOODINVILLE LLC                                     | DOWNTOWN WOODINVILLE, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  65000000 | PA      | $64124515.00  | 2.47%             | 2029-06-01      | Fixed         | 3.83%                 | No            |                  3 | On Loan: No      |
| CREEKSIDE AT AMHERST APT LLL                                 | CREEKSIDE AT AMHERST APT LLL                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10392032 | PA      | $9885711.35   | 0.38%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  3 | On Loan: No      |
| STONY ISLAND PLAZA                                           | STONY ISLAND PLAZA                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5229316 | PA      | $4699842.43   | 0.18%             | 2034-10-01      | Fixed         | 3.62%                 | No            |                  3 | On Loan: No      |
| WINDSOR PLACE APARTMENTS                                     | WINDSOR PLACE APARTMENTS                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9054048 | PA      | $8443289.45   | 0.33%             | 2032-02-01      | Fixed         | 3.53%                 | No            |                  3 | On Loan: No      |
| NATIONAL CITY PLAZA                                          | NATIONAL CITY PLAZA                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7995786 | PA      | $7359769.37   | 0.28%             | 2035-02-01      | Fixed         | 4.11%                 | No            |                  3 | On Loan: No      |
| FPACP3 GREENVILLE LLC                                        | FPACP3 GREENVILLE, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8950000 | PA      | $8545057.25   | 0.33%             | 2030-03-01      | Fixed         | 3.44%                 | No            |                  3 | On Loan: No      |
| SPRING PARK APTS SPRING TX                                   | SPRING PARK APTS, SPRING, TX                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17100000 | PA      | $15787899.90  | 0.61%             | 2031-10-01      | Fixed         | 3.44%                 | No            |                  3 | On Loan: No      |
| VILLAGES AT CLEAR SPRINGS APTS                               | VILLAGES AT CLEAR SPRINGS APTS                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15000000 | PA      | $14320845.00  | 0.55%             | 2029-10-01      | Fixed         | 3.34%                 | No            |                  3 | On Loan: No      |
| TSCA 232 LIMITED PARTNERSHIP LIMTIED PARTERSHIP              | TSCA 232 LIMITED PARTNERSHIP LIMTIED PARTERSHIP              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3494949 | PA      | $3622025.81   | 0.14%             | 2035-11-01      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| FSH BOYLSTON INC. FSH BOYLSTON INC.                          | FSH BOYLSTON, INC. FSH BOYLSTON, INC.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $20267640.00  | 0.78%             | 2030-08-01      | Fixed         | 5.36%                 | No            |                  3 | On Loan: No      |
| MAVERICK CREEK APTS LLC                                      | MAVERICK CREEK APTS LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6200000 | PA      | $6282553.00   | 0.24%             | 2030-11-01      | Fixed         | 4.99%                 | No            |                  3 | On Loan: No      |
| CHIMNEYS OF OAK CREEK LLC                                    | CHIMNEYS OF OAK CREEK, LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6286255 | PA      | $6396169.80   | 0.25%             | 2035-10-01      | Fixed         | 5.53%                 | No            |                  3 | On Loan: No      |
| LA VERNE VILLAGE LLC                                         | LA VERNE VILLAGE, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10121090.00  | 0.39%             | 2035-10-01      | Fixed         | 5.53%                 | No            |                  3 | On Loan: No      |
| 27 VICTORIA OWNERS CORP.                                     | 27 VICTORIA OWNERS CORP.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11000000 | PA      | $11073637.63  | 0.43%             | 2036-01-01      | Fixed         | 5.30%                 | No            |                  3 | On Loan: No      |
| SM 101 SEVEN LLC                                             | SM 101 SEVEN, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2500000 | PA      | $2509102.50   | 0.10%             | 2036-01-01      | Fixed         | 5.78%                 | No            |                  3 | On Loan: No      |
| SM 101 TWO LLC                                               | SM 101 TWO, LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4200000 | PA      | $4215294.17   | 0.16%             | 2036-01-01      | Fixed         | 5.78%                 | No            |                  3 | On Loan: No      |
| GOLETA HOLLISTER LLC                                         | GOLETA HOLLISTER, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  16500000 | PA      | $16560084.26  | 0.64%             | 2036-01-01      | Fixed         | 5.78%                 | No            |                  3 | On Loan: No      |
| MANOA SHOPPING CENTER ASSOCIATES L.P.                        | MANOA SHOPPING CENTER ASSOCIATES L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2253935 | PA      | $2378829.68   | 0.09%             | 2030-03-01      | Fixed         | 6.77%                 | No            |                  3 | On Loan: No      |
| Willow Creek Court LLC                                       | Willow Creek Court, LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6876907 | PA      | $5960909.95   | 0.23%             | 2052-07-01      | Fixed         | 4.53%                 | No            |                  3 | On Loan: No      |
| L+B DEPP/UCEPP 5500 PRESTON RD. INC                          | L+B DEPP/UCEPP 5500 PRESTON RD., INC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  18500000 | PA      | $18407870.00  | 0.71%             | 2029-07-01      | Fixed         | 4.49%                 | No            |                  3 | On Loan: No      |
| HARBOR CENTER PARTNERS LP GALTG PARTNERS LP                  | HARBOR CENTER PARTNERS LP GALTG PARTNERS LP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  18100000 | PA      | $18048034.90  | 0.70%             | 2032-09-01      | Fixed         | 4.72%                 | No            |                  3 | On Loan: No      |
| LASSEN ASSOCIATES LLC                                        | LASSEN ASSOCIATES LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5300000 | PA      | $4911319.20   | 0.19%             | 2031-07-01      | Fixed         | 3.02%                 | No            |                  3 | On Loan: No      |
| NORTHBRIDGE PARK CO OP INC                                   | NORTHBRIDGE PARK CO OP INC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8827446 | PA      | $6986729.70   | 0.27%             | 2051-06-01      | Fixed         | 3.64%                 | No            |                  3 | On Loan: No      |
| 1600 DOVE LP + GS 1600 DOVE LLC                              | 1600 DOVE LP + GS 1600 DOVE LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4097064 | PA      | $3155267.89   | 0.12%             | 2031-06-01      | Fixed         | 3.67%                 | No            |                  3 | On Loan: No      |
| EDINA CROSSTOWN MEDICAL LLC                                  | EDINA CROSSTOWN MEDICAL LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11338379 | PA      | $9964938.16   | 0.38%             | 2041-06-01      | Fixed         | 3.23%                 | No            |                  3 | On Loan: No      |
| PRICE GREENBRIAR PLANO LLC PRICE GREENBRIAR PLANO LLC        | PRICE GREENBRIAR PLANO LLC PRICE GREENBRIAR PLANO LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8000000 | PA      | $7330536.00   | 0.28%             | 2031-05-01      | Fixed         | 3.24%                 | No            |                  3 | On Loan: No      |
| WARWICK DEVCO L.P.                                           | WARWICK DEVCO, L.P.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6273404 | PA      | $5571197.14   | 0.21%             | 2033-07-01      | Fixed         | 2.88%                 | No            |                  3 | On Loan: No      |
| Skotdal Mutual L.L.C.                                        | Skotdal Mutual, L.L.C.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5731512 | PA      | $5253527.27   | 0.20%             | 2031-06-15      | Fixed         | 2.86%                 | No            |                  3 | On Loan: No      |
| CR Ballantyne LLC                                            | CR Ballantyne, LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6200000 | PA      | $5187676.40   | 0.20%             | 2036-06-01      | Fixed         | 3.29%                 | No            |                  3 | On Loan: No      |
| Greenhouse Apartments LP                                     | Greenhouse Apartments, LP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9082786 | PA      | $7542944.55   | 0.29%             | 2041-07-01      | Fixed         | 3.38%                 | No            |                  3 | On Loan: No      |
| CJS Pinemeadows Apartments LP                                | CJS Pinemeadows Apartments, LP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9082786 | PA      | $7542944.55   | 0.29%             | 2041-07-01      | Fixed         | 3.38%                 | No            |                  3 | On Loan: No      |
| Grande Apartments L.P.                                       | Grande Apartments, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7902023 | PA      | $6562361.82   | 0.25%             | 2041-07-01      | Fixed         | 3.38%                 | No            |                  3 | On Loan: No      |
| PENNDEL APARTMENTS LP PENNDEL APARTMENTS LP                  | PENNDEL APARTMENTS LP PENNDEL APARTMENTS LP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5248103 | PA      | $4850790.37   | 0.19%             | 2031-06-01      | Fixed         | 3.27%                 | No            |                  3 | On Loan: No      |
| Orangewood Properties Ltd.                                   | Orangewood Properties, Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8600000 | PA      | $7873386.00   | 0.30%             | 2031-07-01      | Fixed         | 2.94%                 | No            |                  3 | On Loan: No      |
| FOUNTAINVIEW TERRACE APRTMTS FOUNTAINVIEW TERRACE APRTMTS    | FOUNTAINVIEW TERRACE APRTMTS FOUNTAINVIEW TERRACE APRTMTS    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3717466 | PA      | $3194793.99   | 0.12%             | 2041-07-01      | Fixed         | 2.90%                 | No            |                  3 | On Loan: No      |
| 900 Wilshire Boulevard LLC                                   | 900 Wilshire Boulevard, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11600000 | PA      | $10401766.40  | 0.40%             | 2031-07-01      | Fixed         | 3.08%                 | No            |                  3 | On Loan: No      |
| EDGEWATER PARK REAL ESTATE ASSOCIATES LLC                    | EDGEWATER PARK REAL ESTATE ASSOCIATES, LLC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8400000 | PA      | $7168005.60   | 0.28%             | 2036-08-01      | Fixed         | 2.89%                 | No            |                  3 | On Loan: No      |
| RAAMCO BROADWATER LLC RAAMCO BROADWATER LLC                  | RAAMCO BROADWATER LLC RAAMCO BROADWATER LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4270970 | PA      | $3638606.25   | 0.14%             | 2031-07-01      | Fixed         | 3.09%                 | No            |                  3 | On Loan: No      |
| NORTHLAND MONTERRA LLC NORTHLAND MONTERRA LLC                | NORTHLAND MONTERRA LLC NORTHLAND MONTERRA LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  13500000 | PA      | $12251911.50  | 0.47%             | 2031-07-01      | Fixed         | 2.89%                 | No            |                  3 | On Loan: No      |
| RICHMAR II APARTMENTS LLC RICHMAR II APARTMENTS LLC          | RICHMAR II APARTMENTS LLC RICHMAR II APARTMENTS LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9038321 | PA      | $7692035.97   | 0.30%             | 2036-08-01      | Fixed         | 2.93%                 | No            |                  3 | On Loan: No      |
| CROSSINGS COMPANY LP SHIRE II ASSOCIATES LP                  | CROSSINGS COMPANY LP SHIRE II ASSOCIATES LP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6600000 | PA      | $5902644.00   | 0.23%             | 2031-10-01      | Fixed         | 2.78%                 | No            |                  3 | On Loan: No      |
| CATON HOUSE APARTMENTS LLC CATON HOUSE APARTMENTS LLC        | CATON HOUSE APARTMENTS LLC CATON HOUSE APARTMENTS LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3612379 | PA      | $3010036.13   | 0.12%             | 2036-09-01      | Fixed         | 2.74%                 | No            |                  3 | On Loan: No      |
| MONTROSE MANOR APRT APARTMENTS LLC                           | MONTROSE MANOR APRT APARTMENTS LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5147639 | PA      | $4314967.59   | 0.17%             | 2036-09-01      | Fixed         | 2.74%                 | No            |                  3 | On Loan: No      |
| FREDWOOD LLLP FREDWOOD LLLP                                  | FREDWOOD LLLP FREDWOOD LLLP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3702688 | PA      | $3094503.07   | 0.12%             | 2036-09-01      | Fixed         | 2.74%                 | No            |                  3 | On Loan: No      |
| Tanecap 1 L.P.                                               | Tanecap 1, L.P.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4511872 | PA      | $4014830.40   | 0.15%             | 2031-09-01      | Fixed         | 2.69%                 | No            |                  3 | On Loan: No      |
| NIEDERST PORTAGE TOWERS LLC                                  | NIEDERST PORTAGE TOWERS LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6175469 | PA      | $5536363.21   | 0.21%             | 2031-12-01      | Fixed         | 2.67%                 | No            |                  3 | On Loan: No      |
| United States Treasury Bills                                 | TREASURY BILL                                                | CUSIP: 912797SG3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  12700000 | PA      | $12677557.20  | 0.49%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MESA BROADWAY PROPERTY LP                                    | MESA BROADWAY PROPERTY LP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4261861 | PA      | $3712852.20   | 0.14%             | 2033-03-01      | Fixed         | 2.55%                 | No            |                  3 | On Loan: No      |
| AVONDALE SIESTA POINTE APARTMENTS LP                         | AVONDALE SIESTA POINTE APARTMENTS LP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3196396 | PA      | $2784639.39   | 0.11%             | 2033-03-01      | Fixed         | 2.55%                 | No            |                  3 | On Loan: No      |
| SEBRING ASSOC EXCELSIOR TWO LLC                              | SEBRING ASSOC EXCELSIOR TWO LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8942378 | PA      | $6763755.47   | 0.26%             | 2051-03-08      | Fixed         | 2.95%                 | No            |                  3 | On Loan: No      |
| SF STAPLETON LLC                                             | SF STAPLETON LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4680000 | PA      | $4231234.80   | 0.16%             | 2031-03-01      | Fixed         | 2.85%                 | No            |                  3 | On Loan: No      |
| ACCORD/PAC MEMBERS LLC                                       | ACCORD/PAC MEMBERS LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7208419 | PA      | $6151391.23   | 0.24%             | 2040-09-01      | Fixed         | 3.50%                 | No            |                  3 | On Loan: No      |
| PEPPERWOOD APARTMENTS LLC                                    | PEPPERWOOD APARTMENTS LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3500000 | PA      | $3182711.00   | 0.12%             | 2030-10-01      | Fixed         | 2.89%                 | No            |                  3 | On Loan: No      |
| THE FAIRWAYS AT DERBY A LIMITED PARTNERSHIP                  | THE FAIRWAYS AT DERBY A LIMITED PARTNERSHIP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4924421 | PA      | $4339192.93   | 0.17%             | 2037-01-01      | Fixed         | 2.56%                 | No            |                  3 | On Loan: No      |
| MEDICAL OAKS PAVILION PH III LTD                             | MEDICAL OAKS PAVILION PH III LTD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8395269 | PA      | $7098132.52   | 0.27%             | 2040-11-01      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| AVENTURA AT MID RIVERS LLC                                   | AVENTURA AT MID RIVERS LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4150790 | PA      | $3769676.53   | 0.15%             | 2031-02-01      | Fixed         | 2.39%                 | No            |                  3 | On Loan: No      |
| HARBORGATE LLC                                               | HARBORGATE, LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8847009 | PA      | $8005056.54   | 0.31%             | 2031-01-01      | Fixed         | 2.61%                 | No            |                  3 | On Loan: No      |
| AMERICAN FORK OW LLC                                         | AMERICAN FORK OW, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5160208 | PA      | $4300698.04   | 0.17%             | 2036-02-10      | Fixed         | 2.90%                 | No            |                  3 | On Loan: No      |
| WOODS MILL PARK APARTMENTS LLC                               | WOODS MILL PARK APARTMENTS LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4099307 | PA      | $3440117.94   | 0.13%             | 2041-02-01      | Fixed         | 2.61%                 | No            |                  3 | On Loan: No      |
| TEMPE SQUARE CONSOLIDATED LLC                                | TEMPE SQUARE CONSOLIDATED LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7700000 | PA      | $7726842.20   | 0.30%             | 2033-03-01      | Fixed         | 5.38%                 | No            |                  3 | On Loan: No      |
| FARLEY WHITE CHP LLC                                         | FARLEY WHITE CHP, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4500000 | PA      | $4491603.00   | 0.17%             | 2036-02-01      | Fixed         | 5.40%                 | No            |                  3 | On Loan: No      |
| ALISO EQUITIES LTD.                                          | ALISO EQUITIES, LTD.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8200000 | PA      | $8206379.60   | 0.32%             | 2033-03-01      | Fixed         | 5.14%                 | No            |                  3 | On Loan: No      |
| WAREHOUSE ASSOCIATES CORP CENTRE SHEPHERD LTD                | WAREHOUSE ASSOCIATES CORP CENTRE SHEPHERD, LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8182455 | PA      | $7402757.44   | 0.29%             | 2031-02-01      | Fixed         | 3.14%                 | No            |                  3 | On Loan: No      |
| REP 2035 LLC                                                 | REP 2035 LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15946531 | PA      | $13229242.38  | 0.51%             | 2035-12-01      | Fixed         | 3.26%                 | No            |                  3 | On Loan: No      |
| Gateway Village Plaza LP                                     | Gateway Village Plaza, LP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5520578 | PA      | $5121340.69   | 0.20%             | 2031-07-01      | Fixed         | 3.42%                 | No            |                  3 | On Loan: No      |
| SWITCH BUILDING INVESTORS II LP                              | SWITCH BUILDING INVESTORS II LP                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3705340 | PA      | $3333413.20   | 0.13%             | 2036-06-01      | Fixed         | 2.69%                 | No            |                  3 | On Loan: No      |
| NORTHRIDGE GARDEN ASSOCIATES LLC                             | NORTHRIDGE GARDEN ASSOCIATES LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5300000 | PA      | $4911319.20   | 0.19%             | 2031-07-01      | Fixed         | 3.02%                 | No            |                  3 | On Loan: No      |
| Carriage Way LLC                                             | Carriage Way, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3648160 | PA      | $3338303.47   | 0.13%             | 2031-08-01      | Fixed         | 3.52%                 | No            |                  3 | On Loan: No      |
| DTN Waters House LLC                                         | DTN Waters House, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4935347 | PA      | $4507595.70   | 0.17%             | 2031-08-01      | Fixed         | 3.30%                 | No            |                  3 | On Loan: No      |
| Plantation Crossing Apart LLC                                | Plantation Crossing Apart, LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4627436 | PA      | $4226931.44   | 0.16%             | 2031-09-01      | Fixed         | 3.04%                 | No            |                  3 | On Loan: No      |
| JGK Garden Grove LP                                          | JGK Garden Grove, LP                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3500000 | PA      | $3131306.50   | 0.12%             | 2032-02-01      | Fixed         | 2.79%                 | No            |                  3 | On Loan: No      |
| NEWTON EXECUTIVE PARK LP NEWTON EXECUTIVE PARK LP            | NEWTON EXECUTIVE PARK LP NEWTON EXECUTIVE PARK LP            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4158781 | PA      | $3633767.95   | 0.14%             | 2033-10-01      | Fixed         | 2.57%                 | No            |                  3 | On Loan: No      |
| United States Treasury Bills                                 | TREASURY BILL                                                | CUSIP: 912797SQ1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   4600000 | PA      | $4582365.95   | 0.18%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CASTLEWOOD ASSOCIATES LLC 05/31 FIXED 2.87                   | CASTLEWOOD ASSOCIATES LLC 05/31 FIXED 2.87                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4562905.00   | 0.18%             | 2031-04-01      | Fixed         | 2.87%                 | No            |                  3 | On Loan: No      |
| QUAY WORKS LLC QUAY WORKS LLC                                | QUAY WORKS LLC QUAY WORKS LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11050950 | PA      | $9218315.84   | 0.36%             | 2036-12-01      | Fixed         | 2.79%                 | No            |                  3 | On Loan: No      |
| AVAMER 57 FEE LLC AVAMER 57 FEE LLC                          | AVAMER 57 FEE LLC AVAMER 57 FEE LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $9789540.00   | 0.38%             | 2026-11-01      | Fixed         | 2.31%                 | No            |                  3 | On Loan: No      |
| BIGOS CEDARS LAKESIDE LLC BIGOS CEDARS LAKESIDE LLC          | BIGOS CEDARS LAKESIDE LLC BIGOS CEDARS LAKESIDE LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6388106 | PA      | $5706367.02   | 0.22%             | 2031-11-01      | Fixed         | 2.53%                 | No            |                  3 | On Loan: No      |
| 1419 POTRERO LLC MORTGAGE BOND                               | 1419 POTRERO, LLC MORTGAGE BOND                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5184551 | PA      | $4784858.18   | 0.18%             | 2030-09-01      | Fixed         | 3.66%                 | No            |                  3 | On Loan: No      |
| PLUM GROVE ROLLING MEADOWS LLC                               | PLUM GROVE ROLLING MEADOWS LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3500000 | PA      | $2825417.00   | 0.11%             | 2036-03-01      | Fixed         | 2.92%                 | No            |                  3 | On Loan: No      |
| BEVERLY WEST SQUARE ASSOCIATES                               | BEVERLY WEST SQUARE ASSOCIATES                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5118001 | PA      | $5304102.26   | 0.20%             | 2030-12-01      | Fixed         | 5.56%                 | No            |                  3 | On Loan: No      |
| DNP REGIO LLC HPP REGIO LLC                                  | DNP REGIO, LLC HPP REGIO LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11377859 | PA      | $9444874.57   | 0.36%             | 2036-10-01      | Fixed         | 3.11%                 | No            |                  3 | On Loan: No      |
| 955 995 STEWART DRIVE LLC 955 995 STEWART DRIVE LLC          | 955 995 STEWART DRIVE LLC 955 995 STEWART DRIVE LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $17761740.00  | 0.68%             | 2032-01-01      | Fixed         | 2.36%                 | No            |                  3 | On Loan: No      |
| SF LYNNWOOD CROSSROADS LLC SF LYNNWOOD CROSSROADS LLC        | SF LYNNWOOD CROSSROADS LLC SF LYNNWOOD CROSSROADS LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3854000 | PA      | $3843212.65   | 0.15%             | 2032-09-01      | Fixed         | 4.78%                 | No            |                  3 | On Loan: No      |
| COLTONMYLESSTANDISH BURNETTROAD ST.MARKPROPERTYLLC           | COLTON,MYLESSTANDISH BURNETTROAD ST.MARKPROPERTYLLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  39359223 | PA      | $40554877.13  | 1.56%             | 2036-09-01      | Fixed         | 5.81%                 | No            |                  3 | On Loan: No      |
| JJ Carson LLC                                                | JJ Carson, LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11465153 | PA      | $10268638.51  | 0.40%             | 2031-11-01      | Fixed         | 2.95%                 | No            |                  3 | On Loan: No      |
| BERKSHIRE APARTMENTS LLC                                     | BERKSHIRE APARTMENTS LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5315616 | PA      | $4218759.58   | 0.16%             | 2046-03-01      | Fixed         | 2.66%                 | No            |                  3 | On Loan: No      |
| ARTESIA CAPITAL II LLC ARTESIA CAPITAL II LLC                | ARTESIA CAPITAL II LLC ARTESIA CAPITAL II LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4739250.00   | 0.18%             | 2029-01-01      | Fixed         | 2.47%                 | No            |                  3 | On Loan: No      |
| DELPHI INVESTORS LLC                                         | DELPHI INVESTORS LLC                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8849495 | PA      | $7977156.11   | 0.31%             | 2031-01-01      | Fixed         | 2.52%                 | No            |                  3 | On Loan: No      |
| WPC   TRIAD LLC                                              | WPC   TRIAD LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4625114 | PA      | $4178508.61   | 0.16%             | 2031-04-01      | Fixed         | 2.96%                 | No            |                  3 | On Loan: No      |
| INDUSTRY WEST COMMERCE CENTER LLC                            | INDUSTRY WEST COMMERCE CENTER LLC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8920437 | PA      | $7020508.52   | 0.27%             | 2041-03-01      | Fixed         | 2.81%                 | No            |                  3 | On Loan: No      |
| CHANDLER PROP DEVELOPMENT ASSOCIATES LP                      | CHANDLER PROP DEVELOPMENT ASSOCIATES LP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6925523 | PA      | $6060747.20   | 0.23%             | 2033-03-01      | Fixed         | 2.55%                 | No            |                  3 | On Loan: No      |
| TRAIL HORSE PARTNERS LLC                                     | TRAIL HORSE PARTNERS, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5799230 | PA      | $5231352.44   | 0.20%             | 2031-04-01      | Fixed         | 2.69%                 | No            |                  3 | On Loan: No      |
| SF MANSFIELD LLC                                             | SF MANSFIELD, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4323480.00   | 0.17%             | 2033-04-01      | Fixed         | 2.99%                 | No            |                  3 | On Loan: No      |
| REGENCY APARTMENTS VANCOUVER LLC                             | REGENCY APARTMENTS VANCOUVER LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4425621 | PA      | $3972180.85   | 0.15%             | 2031-04-01      | Fixed         | 2.25%                 | No            |                  3 | On Loan: No      |
| S/K 53 BRUNSWICK ASSOCIATES LLC                              | S/K 53 BRUNSWICK ASSOCIATES LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5846138 | PA      | $5272965.42   | 0.20%             | 2031-04-01      | Fixed         | 3.16%                 | No            |                  3 | On Loan: No      |
| 701 COTTONTAIL LANE ASSOCIATES LLC                           | 701 COTTONTAIL LANE ASSOCIATES LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3940999 | PA      | $3244770.17   | 0.12%             | 2046-04-01      | Fixed         | 3.68%                 | No            |                  3 | On Loan: No      |
| 801 WEST END AVENUE CORP                                     | 801 WEST END AVENUE CORP                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5500000 | PA      | $4893927.50   | 0.19%             | 2031-04-01      | Fixed         | 2.44%                 | No            |                  3 | On Loan: No      |
| DRAPER SOUTHPOINT APARTMENTS LLC                             | DRAPER SOUTHPOINT APARTMENTS LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5336970 | PA      | $4789108.94   | 0.18%             | 2031-04-01      | Fixed         | 2.52%                 | No            |                  3 | On Loan: No      |
| 655 KELTON LLC                                               | 655 KELTON LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4604349 | PA      | $4123664.00   | 0.16%             | 2031-04-01      | Fixed         | 2.27%                 | No            |                  3 | On Loan: No      |
| LA COSTA VISTA LLC                                           | LA COSTA VISTA LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4454635 | PA      | $4008810.54   | 0.15%             | 2031-04-01      | Fixed         | 2.61%                 | No            |                  3 | On Loan: No      |
| THE LINKS AT COLUMBIA A LIMITED PARTNERSHIP                  | THE LINKS AT COLUMBIA A LIMITED PARTNERSHIP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15264502 | PA      | $12934772.83  | 0.50%             | 2041-05-01      | Fixed         | 2.72%                 | No            |                  3 | On Loan: No      |
| MERAMEC STATION BIG BEND INVESTORS LLC                       | MERAMEC STATION BIG BEND INVESTORS LLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3922674 | PA      | $3355761.62   | 0.13%             | 2041-05-01      | Fixed         | 2.78%                 | No            |                  3 | On Loan: No      |
| MILL POND LTD                                                | MILL POND, LTD                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6472732 | PA      | $5413191.41   | 0.21%             | 2036-06-01      | Fixed         | 2.87%                 | No            |                  3 | On Loan: No      |
| CIP GROUP OF HOMESTEAD LLC                                   | CIP GROUP OF HOMESTEAD LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6132252 | PA      | $5444287.06   | 0.21%             | 2033-06-01      | Fixed         | 3.06%                 | No            |                  3 | On Loan: No      |
| COPPERSTONE APTS LP COPPERSTONE APTS PHASE II LP             | COPPERSTONE APTS LP COPPERSTONE APTS PHASE II LP             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4832381 | PA      | $4238239.37   | 0.16%             | 2039-04-01      | Fixed         | 2.88%                 | No            |                  3 | On Loan: No      |
| VOLUNTEER PARKRIDGE LLC                                      | VOLUNTEER PARKRIDGE, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5500000 | PA      | $5014300.50   | 0.19%             | 2031-05-01      | Fixed         | 3.02%                 | No            |                  3 | On Loan: No      |
| AMERICANA ON THE RIVER LLC                                   | AMERICANA ON THE RIVER LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5031632 | PA      | $4250335.47   | 0.16%             | 2036-05-01      | Fixed         | 2.97%                 | No            |                  3 | On Loan: No      |
| THE ENCLAVE LLC                                              | THE ENCLAVE LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4533070.00   | 0.17%             | 2031-05-01      | Fixed         | 2.94%                 | No            |                  3 | On Loan: No      |
| ELIZABETH LAKE ESTATES LLC                                   | ELIZABETH LAKE ESTATES LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4668310 | PA      | $4287194.30   | 0.17%             | 2031-05-01      | Fixed         | 2.92%                 | No            |                  3 | On Loan: No      |
| 1131 WILSHIRE BLVD LLC                                       | 1131 WILSHIRE BLVD LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4260761 | PA      | $3865213.23   | 0.15%             | 2031-05-01      | Fixed         | 3.52%                 | No            |                  3 | On Loan: No      |
| NOSTALGIA PROPERTIES LLC                                     | NOSTALGIA PROPERTIES LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  16600000 | PA      | $15133954.40  | 0.58%             | 2031-05-01      | Fixed         | 3.04%                 | No            |                  3 | On Loan: No      |
| WATERIDGE GOODMAN INVESTORS LLC                              | WATERIDGE GOODMAN INVESTORS LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2978071 | PA      | $3088577.89   | 0.12%             | 2035-08-01      | Fixed         | 5.98%                 | No            |                  3 | On Loan: No      |
| BAYSHORE VILLAGE LTD. BAYSHORE VILLAGE LTD.                  | BAYSHORE VILLAGE, LTD. BAYSHORE VILLAGE, LTD.                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5150955.00   | 0.20%             | 2035-07-01      | Fixed         | 5.65%                 | No            |                  3 | On Loan: No      |
| DS SANTA ROSA LP DS SANTA ROSA LP                            | DS SANTA ROSA LP DS SANTA ROSA LP                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10424870.00  | 0.40%             | 2035-08-01      | Fixed         | 5.73%                 | No            |                  3 | On Loan: No      |
| BEL STATESVILLE LIMITED PARTNERSHIP (DELAWARE)               | BEL STATESVILLE LIMITED PARTNERSHIP (DELAWARE)               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  23300000 | PA      | $24224567.30  | 0.93%             | 2035-07-01      | Fixed         | 5.87%                 | No            |                  3 | On Loan: No      |
| UNIVERSITY FESTIVALL.C. UNIVERSITY FESTIVALL.C.              | UNIVERSITY FESTIVAL,L.C. UNIVERSITY FESTIVAL,L.C.            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8410306 | PA      | $8646299.25   | 0.33%             | 2035-05-01      | Fixed         | 5.81%                 | No            |                  3 | On Loan: No      |
| MESA TOWN CENTER LLC MESA TOWN CENTER LLC                    | MESA TOWN CENTER, LLC MESA TOWN CENTER, LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5228935.00   | 0.20%             | 2035-06-01      | Fixed         | 6.18%                 | No            |                  3 | On Loan: No      |
| ASIAN GARDEN LLC ASIAN GARDEN LLC                            | ASIAN GARDEN, LLC ASIAN GARDEN, LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  19000000 | PA      | $19458223.00  | 0.75%             | 2035-08-01      | Fixed         | 5.93%                 | No            |                  3 | On Loan: No      |
| WRD LINCOLN SHORES LLC WRD LINCOLN SHORES LLC                | WRD LINCOLN SHORES LLC WRD LINCOLN SHORES LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  29901038 | PA      | $30644018.70  | 1.18%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| ANDREW D. GUMBERGASTRUSTEE CORAL RIDGE SHOPPING CENTER TR    | ANDREW D. GUMBERG,ASTRUSTEE CORAL RIDGE SHOPPING CENTER TR   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20324331 | PA      | $21178054.19  | 0.82%             | 2035-06-01      | Fixed         | 6.15%                 | No            |                  3 | On Loan: No      |
| GWL 11 CONSTITUTION LLC GWL 11 CONSTITUTION LLC              | GWL 11 CONSTITUTION LLC GWL 11 CONSTITUTION LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8300000 | PA      | $8528075.70   | 0.33%             | 2035-05-01      | Fixed         | 5.65%                 | No            |                  3 | On Loan: No      |
| HARBOR CENTER PARTNERS LP GALTG PARTNERS LP                  | HARBOR CENTER PARTNERS LP GALTG PARTNERS LP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1863235 | PA      | $1925269.85   | 0.07%             | 2032-10-01      | Fixed         | 5.63%                 | No            |                  3 | On Loan: No      |
| WEEKS PIERCE HOLDINGS LLC WEEKS PIERCE HOLDINGS LLC          | WEEKS PIERCE HOLDINGS, LLC WEEKS PIERCE HOLDINGS, LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7946856 | PA      | $8134290.12   | 0.31%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| PEP 1329 SOUTH CONGRESS AVENUE CONGRESS AVENUE LP            | PEP 1329 SOUTH CONGRESS AVENUE CONGRESS AVENUE, LP           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5100000 | PA      | $5235435.60   | 0.20%             | 2030-06-01      | Fixed         | 5.46%                 | No            |                  3 | On Loan: No      |
| MONRO   PONDEROSA LLC MONRO   PONDEROSA LLC                  | MONRO   PONDEROSA, LLC MONRO   PONDEROSA, LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10135250.00  | 0.39%             | 2035-07-01      | Fixed         | 5.43%                 | No            |                  3 | On Loan: No      |
| CONTINENTAL SKYPARK LLC CONTINENTAL SKYPARK LLC              | CONTINENTAL SKYPARK LLC CONTINENTAL SKYPARK LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  24800000 | PA      | $25937972.80  | 1.00%             | 2035-08-01      | Fixed         | 5.87%                 | No            |                  3 | On Loan: No      |
| RESNICK GRACIE MEWS LLC                                      | RESNICK GRACIE MEWS, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  40000000 | PA      | $39512840.00  | 1.52%             | 2035-12-01      | Fixed         | 5.07%                 | No            |                  3 | On Loan: No      |
| 1008 MASSACHUSETTS AVE.LLC LLC                               | 1008 MASSACHUSETTS AVE.LLC LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11500000 | PA      | $11452160.00  | 0.44%             | 2030-11-01      | Fixed         | 4.88%                 | No            |                  3 | On Loan: No      |
| CLIPPERTON PARTNERS L.P.                                     | CLIPPERTON PARTNERS, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6000000 | PA      | $5959944.00   | 0.23%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| THE RESIDENCES OF AUSTIN RANCH NO. 3 M LLC                   | THE RESIDENCES OF AUSTIN RANCH NO. 3 M, LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  30000000 | PA      | $30058253.10  | 1.16%             | 2036-02-01      | Fixed         | 5.30%                 | No            |                  3 | On Loan: No      |
| TBD                                                          | TBD                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11500000 | PA      | $11552067.75  | 0.44%             | 2036-02-01      | Fixed         | 5.45%                 | No            |                  3 | On Loan: No      |
| THE GREENS ON BLOSSOM WAY PHASE II                           | THE GREENS ON BLOSSOM WAY, PHASE II                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12700000 | PA      | $12769913.50  | 0.49%             | 2037-02-01      | Fixed         | 5.30%                 | No            |                  3 | On Loan: No      |
| Commerce Industrial Park LLC                                 | Commerce Industrial Park, LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15000000 | PA      | $13410690.00  | 0.52%             | 2031-12-01      | Fixed         | 2.75%                 | No            |                  3 | On Loan: No      |
| PEPPERWARD APARTMENTS LLC PEPPERWARD APARTMENTS LLC          | PEPPERWARD APARTMENTS LLC PEPPERWARD APARTMENTS LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3704040 | PA      | $3623484.80   | 0.14%             | 2027-01-01      | Fixed         | 2.18%                 | No            |                  3 | On Loan: No      |
| WEST LINN SHOPPING CENTER ASSOCIATES LLC                     | WEST LINN SHOPPING CENTER ASSOCIATES, LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7424366 | PA      | $6716073.93   | 0.26%             | 2032-01-01      | Fixed         | 3.16%                 | No            |                  3 | On Loan: No      |
| FAIRFIELD 35 PINELAWN LLC FAIRFIELD 35 PINELAWN LLC          | FAIRFIELD 35 PINELAWN LLC FAIRFIELD 35 PINELAWN LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6625655 | PA      | $5292328.30   | 0.20%             | 2042-01-01      | Fixed         | 3.45%                 | No            |                  3 | On Loan: No      |
| CROSS KEYS DEVELOPMENTCOMPANY CROSS KEYS DEVELOPMENTCOMPANY  | CROSS KEYS DEVELOPMENTCOMPANY CROSS KEYS DEVELOPMENTCOMPANY  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12171606 | PA      | $10676458.25  | 0.41%             | 2033-10-01      | Fixed         | 2.55%                 | No            |                  3 | On Loan: No      |
| THE TRAILS ATTHE CROSSINGSAPRT A LIMITED PARTNERSHIP         | THE TRAILS ATTHE CROSSINGSAPRT A LIMITED PARTNERSHIP         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15389048 | PA      | $13068256.06  | 0.50%             | 2042-01-01      | Fixed         | 2.80%                 | No            |                  3 | On Loan: No      |
| CONGRESSIONAL PROPERTIES LIMITED PARTNERSHIP                 | CONGRESSIONAL PROPERTIES LIMITED PARTNERSHIP                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5390929 | PA      | $4436551.35   | 0.17%             | 2047-04-01      | Fixed         | 3.21%                 | No            |                  3 | On Loan: No      |
| LASSEN SELF STORAGE LP LASSEN SELF STORAGE LP                | LASSEN SELF STORAGE, LP LASSEN SELF STORAGE, LP              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3800000 | PA      | $3965653.40   | 0.15%             | 2035-02-01      | Fixed         | 6.03%                 | No            |                  3 | On Loan: No      |
| VOYAGER RV RESORT MHC                                        | VOYAGER RV RESORT MHC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  36697167 | PA      | $36257718.37  | 1.40%             | 2029-06-01      | Fixed         | 4.10%                 | No            |                  3 | On Loan: No      |
| ST.INDIAN RIDGE LLC                                          | ST.INDIAN RIDGE LLC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2880463 | PA      | $3008015.27   | 0.12%             | 2029-08-01      | Fixed         | 6.59%                 | No            |                  3 | On Loan: No      |
| VALLEY SQUARE I L.P.                                         | VALLEY SQUARE I L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  13990687 | PA      | $13999010.97  | 0.54%             | 2026-02-01      | Fixed         | 5.49%                 | No            |                  3 | On Loan: No      |
| CORP CENTER WEST ASSOC LLC                                   | CORP CENTER WEST ASSOC, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12500000 | PA      | $11043012.50  | 0.43%             | 2035-04-01      | Fixed         | 3.65%                 | No            |                  3 | On Loan: No      |
| CAPRI APARTMENTS LLC MORTGAGE NOTE                           | CAPRI APARTMENTS LLC MORTGAGE NOTE                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6500000 | PA      | $6142890.00   | 0.24%             | 2030-04-01      | Fixed         | 3.36%                 | No            |                  3 | On Loan: No      |
| REGENT GARDEN ASSOC LLC                                      | REGENT GARDEN ASSOC, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        | 109681682 | PA      | $97874997.44  | 3.77%             | 2035-03-10      | Fixed         | 3.25%                 | No            |                  3 | On Loan: No      |
| SUNNYSIDE MARKETPLACE LLC DEED OF TRUST NOTE                 | SUNNYSIDE MARKETPLACE LLC DEED OF TRUST NOTE                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6603271 | PA      | $6302650.82   | 0.24%             | 2030-04-01      | Fixed         | 3.42%                 | No            |                  3 | On Loan: No      |
| FOREST MEADOWS VILLAS LTD. CML                               | FOREST MEADOWS VILLAS LTD. CML                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1909611 | PA      | $1637449.06   | 0.06%             | 2035-12-01      | Fixed         | 2.77%                 | No            |                  3 | On Loan: No      |
| KIMBERLY PARTNERS OF ALBANY LP                               | KIMBERLY PARTNERS OF ALBANY LP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4353985 | PA      | $3950993.46   | 0.15%             | 2030-12-01      | Fixed         | 2.92%                 | No            |                  3 | On Loan: No      |
| GEORGETOWN MEWS OWNERS CORP. MORTGAGE BOND                   | GEORGETOWN MEWS OWNERS CORP. MORTGAGE BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6006962 | PA      | $5113798.45   | 0.20%             | 2036-01-01      | Fixed         | 2.87%                 | No            |                  3 | On Loan: No      |
| FAIRGROUNDS APARTMENTS A LIMITED PARTNERSHIP                 | FAIRGROUNDS APARTMENTS A LIMITED PARTNERSHIP                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2279508 | PA      | $2025915.06   | 0.08%             | 2036-01-01      | Fixed         | 2.49%                 | No            |                  3 | On Loan: No      |
| EASTWOOD APTS OF SPRINGDALE A LIMITED PARTNERSHIP            | EASTWOOD APTS OF SPRINGDALE A LIMITED PARTNERSHIP            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1994569 | PA      | $1770289.96   | 0.07%             | 2036-01-01      | Fixed         | 2.49%                 | No            |                  3 | On Loan: No      |
| BURROUGHS LPM LIMITED PARTERSHIP                             | BURROUGHS LPM LIMITED PARTERSHIP                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11145227 | PA      | $9348025.75   | 0.36%             | 2036-01-01      | Fixed         | 2.98%                 | No            |                  3 | On Loan: No      |
| AVENTURA AT RICHMOND LLC                                     | AVENTURA AT RICHMOND LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3599536 | PA      | $3263757.17   | 0.13%             | 2031-01-01      | Fixed         | 2.21%                 | No            |                  3 | On Loan: No      |
| CLAGB LLC CML                                                | CLAGB, LLC CML                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5327526 | PA      | $4427946.69   | 0.17%             | 2036-02-01      | Fixed         | 2.68%                 | No            |                  3 | On Loan: No      |
| Nat City SPE LLC                                             | Nat City SPE, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1859900 | PA      | $1628855.85   | 0.06%             | 2035-02-01      | Fixed         | 3.98%                 | No            |                  3 | On Loan: No      |
| COLT STREET PARTNERS LLC COLT STREET PARTNERS LLC            | COLT STREET PARTNERS LLC COLT STREET PARTNERS LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9182351 | PA      | $8093608.50   | 0.31%             | 2035-01-01      | Fixed         | 3.29%                 | No            |                  3 | On Loan: No      |
| 20290201D ARBORETUM LLC NORTHLAND ARBORETUM LLC              | 20290201D ARBORETUM LLC NORTHLAND ARBORETUM LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5900000 | PA      | $5601442.30   | 0.22%             | 2029-01-01      | Fixed         | 2.80%                 | No            |                  3 | On Loan: No      |
| CHIMNEY TOP LLC CHIMNEY TOP LLC                              | CHIMNEY TOP LLC CHIMNEY TOP LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6800000 | PA      | $6447984.40   | 0.25%             | 2029-02-01      | Fixed         | 2.91%                 | No            |                  3 | On Loan: No      |
| State Street Bank and Trust Company                          | SCC GOVERMENT MM GVXX 20301231 00001.0000000000              | CUSIP: 7839989D1<br>LEI: 571474TGEMMWANRLN572 | Long             | STIV             | RF                | US        | 112493390 | NS      | $112493389.50 | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| INJANS INVESTMENTS ACALIFORNIAGENERALPARTNERSHIP             | INJANS INVESTMENTS, ACALIFORNIAGENERALPARTNERSHIP            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3400000 | PA      | $3516654.00   | 0.14%             | 2034-10-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| 183RD LA PALMA INVESTORS 183RD LA PALMA INVESTORS            | 183RD LA PALMA INVESTORS 183RD LA PALMA INVESTORS            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9800000 | PA      | $10193920.80  | 0.39%             | 2034-10-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| CAVALIERAPATMNTSPARTNERSHIP CAVALIERAPATMNTSPARTNERSHIP      | CAVALIERAPATMNTSPARTNERSHIP CAVALIERAPATMNTSPARTNERSHIP      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2700000 | PA      | $2750495.40   | 0.11%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| CORE POWER BRIDGEPOINTE LLC CORE POWER BRIDGEPOINTE LLC      | CORE POWER BRIDGEPOINTE, LLC CORE POWER BRIDGEPOINTE, LLC    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $20386800.00  | 0.79%             | 2035-01-01      | Fixed         | 5.69%                 | No            |                  3 | On Loan: No      |
| 34TH ST. SOUTH LLC 34TH ST. SOUTH LLC                        | 34TH ST. SOUTH, LLC 34TH ST. SOUTH, LLC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  27500000 | PA      | $28695012.50  | 1.11%             | 2034-12-01      | Fixed         | 5.84%                 | No            |                  3 | On Loan: No      |
| CITY TOWN CENTER L.P.+ CITYTOWN CENTER BEST BUYL.P.          | CITY TOWN CENTER, L.P.+ CITYTOWN CENTER BEST BUY,L.P.        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5125370.00   | 0.20%             | 2035-01-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| 440 WEST END APARTMENTS CORP. 440 WEST END APARTMENTS CORP.  | 440 WEST END APARTMENTS CORP. 440 WEST END APARTMENTS CORP.  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5200000 | PA      | $5422305.20   | 0.21%             | 2035-03-01      | Fixed         | 5.76%                 | No            |                  3 | On Loan: No      |
| SIC 501 SECOND STREET LLC SIC 501 SECOND STREET LLC          | SIC 501 SECOND STREET, LLC SIC 501 SECOND STREET, LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10354420.00  | 0.40%             | 2033-07-01      | Fixed         | 6.74%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** John Hancock GA Mortgage Trust

**Signature:** /s/Heidi Knapp

**Name of Signer:** Heidi Knapp

**Title:** Treasurer and Chief Financial Officer