# EDGAR Filing Document

**Accession Number:** 0000754510
**File Stem:** 0000035402-26-002036
**Filing Date:** 2026-3
**Character Count:** 269748
**Document Hash:** 561439fe80ce18a5d035e962fa7bf334
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-002036.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000035402-26-002036

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SECURITIES FUND
- **CENTRAL INDEX KEY:** 0000754510

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04118
- **FILM NUMBER:** 26790630

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

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

## Series and Classes Contracts Data

### Fidelity Real Estate Income Fund (Series ID: S000007192)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000019680 | Fidelity Real Estate Income Fund                  | FRIFX           |
| C000087887 | Fidelity Advisor Real Estate Income Fund: Class A | FRINX           |
| C000087889 | Fidelity Advisor Real Estate Income Fund: Class C | FRIOX           |
| C000087890 | Fidelity Advisor Real Estate Income Fund: Class M | FRIQX           |
| C000087891 | Fidelity Advisor Real Estate Income Fund: Class I | FRIRX           |
| C000205040 | Fidelity Advisor Real Estate Income Fund: Class Z | FIKMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Securities Fund

- **b. Investment Company Act file number:** 811-04118

- **c. CIK number of Registrant:** 0000754510

- **d. LEI of Registrant:** LIUMB3NDWOFJPXVROE85

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

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

- **b. EDGAR series identifier (if any):** S000007192

- **c. LEI of Series:** KYIURORXMOJZHC2FKE02

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $5852707724.84

**Total Liabilities:** $12384501.83

**Net Assets:** $5840323223.01

**Cash Not Reported:** $5600558.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 106677.81107843 | **1-Year:** 360038.72961516 | **5-Year:** 551940.80347529 | **10-Year:** 220549.12199230 | **30-Year:** 37129.90721740

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

- **3-Month:** 33143.55949529 | **1-Year:** 150314.27594021 | **5-Year:** 167200.24807928 | **10-Year:** 8185.62398337 | **30-Year:** 457.90260000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000019680 | 0.90%                | 0.12%                | 0.82%                |
| Class ID C000087887 | 0.82%                | 0.12%                | 0.83%                |
| Class ID C000087889 | 0.76%                | 0.09%                | 0.76%                |
| Class ID C000087890 | 0.91%                | 0.12%                | 0.74%                |
| Class ID C000087891 | 0.82%                | 0.19%                | 0.82%                |
| Class ID C000205040 | 0.82%                | 0.23%                | 0.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1292403.57             | $33929919.87                               |
| Month 2  | $-558897.18              | $-23966669.12                              |
| Month 3  | $-11569503.55            | $27207554.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACADIA REALTY TRUST                                                               | ACADIA RLTY TR REIT                                                                                     | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |    280626 | NS      | $5615326.26   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                             | AMERICAN HOMES 4 RENT                                                                                   | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    480500 | NS      | $15049260.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP                                                                                     | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    621600 | NS      | $111440448.00 | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICOLD REALTY TRUST                                                            | AMERICOLD REALTY TRUST                                                                                  | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               | CORP              | US        |    888800 | NS      | $11030008.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY COMMUNITIES INC                                                         | AVALONBAY COMMUNITIES INC REIT                                                                          | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    187800 | NS      | $33366426.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROPERTY GROUP INC                                                        | BRIXMOR PPTY GROUP INC                                                                                  | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    230300 | NS      | $6169737.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM 2014-UBS2 MTG TR                                                             | COMM 2014-UBS2 D MTG TR CSTR 03/10/2047 144A                                                            | CUSIP: 12591UAP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    502707 | PA      | $221945.03    | 0.00%             | 2047-03-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| COMM 2012-CCRE1 MTG TR                                                            | COMM 2012-CR1 D CSTR 5/45                                                                               | CUSIP: 12624BAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1138456 | PA      | $1051758.26   | 0.02%             | 2045-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2015-DC1 MTG TR                                                              | COMM 2015-DC1 MTG TR VAR 02/10/2048                                                                     | CUSIP: 12629NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2590000 | PA      | $2285441.90   | 0.04%             | 2048-02-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR RE CDO 05-1 LTD COR                                                    | CTCDO 2005-1A D TSFR1M+161.448 3/50                                                                     | CUSIP: 140558AD9<br>LEI: 549300EO21RSSTCI1873 | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $0.23         | 0.00%             | 2050-03-20      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| CARETRUST REIT INC                                                                | CARETRUST REIT INC                                                                                      | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    284800 | NS      | $10634432.00  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CEDAR REALTY TRUST INC                                                            | CEDAR RLTY TR I 7.25% PFD PERP                                                                          | CUSIP: 150602407<br>LEI: 54930056URX93R2RSN82 | Long             | EP               | CORP              | US        |     31436 | NS      | $579522.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CREST CLARENDON STR 02 1 LTD                                                      | CREST CLARENDON STR 02 1 LTD 3ML+47 12/28/2035 144A                                                     | CUSIP: 226063204<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $0.05         | 0.00%             | 2035-12-28      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| CREST DARTMOUTH STR 03 1 LTD                                                      | CRST DRTMTH ST 2003-1 0% PFD 144A                                                                       | CUSIP: 226065209<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |   1220000 | NS      | $12.20        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC                                                                                        | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    263910 | NS      | $22910027.10  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                                                         | CUBESMART                                                                                               | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    231100 | NS      | $8673183.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE CENTERS CORP                                                                 | SITE CENTERS CORP                                                                                       | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |    296459 | NS      | $1814329.08   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                                          | DIGITAL REALTY TRUST INC                                                                                | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    216400 | NS      | $35911580.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNEX CAPITAL INC                                                                 | DYNEX CAP INC                                                                                           | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |   1145600 | NS      | $15900928.00  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERLY GOVERNMENT PROPERTIES INC                                                | EASTERLY GOVERNMENT PROPERTIES INC                                                                      | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |    341480 | NS      | $7987217.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| EASTGROUP PROPERTIES INC                                                          | EASTGROUP PPTYS INC                                                                                     | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     49900 | NS      | $9063836.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                                                                       | EQUINIX INC                                                                                             | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |    140500 | NS      | $115340665.00 | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY LIFESTYLE PROPERTIES INC                                                   | EQUITY LIFESTYLE PPTYS INC                                                                              | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |   1195596 | NS      | $75525799.32  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY RESIDENTIAL                                                                | EQUITY RESIDENTIAL REIT                                                                                 | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    525200 | NS      | $32730464.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST INC                                                          | ESSEX PROPERTY TRUST INC                                                                                | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     94600 | NS      | $23826902.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                                                           | EXTRA SPACE STORAGE INC                                                                                 | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165549 | NS      | $22840795.53  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL REALTY INVESTMENT TR                                                      | FEDERAL REALTY INVESTMENT TR                                                                            | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |    159500 | NS      | $16135020.00  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2002-W1 3B3 CSTR 2/42                                                                               | CUSIP: 31392CMZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     17968 | PA      | $8054.24      | 0.00%             | 2042-02-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2003-W10 2B3 CSTR 6/43                                                                              | CUSIP: 31393DUL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     27935 | PA      | $22082.62     | 0.00%             | 2043-06-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| Fidelity Revere Street Trust                                                      | Fidelity Cash Central Fund                                                                              | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        | 386729588 | NS      | $386806934.00 | 6.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                                                      | Fidelity Securities Lending Cash Central Fund                                                           | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   3592913 | NS      | $3593272.75   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDUSTRIAL REALTY TRUST INC                                                 | FIRST INDUSTRIAL REALTY TRUST                                                                           | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    438400 | NS      | $25440352.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 C 5.47 8/44                                                                               | CUSIP: 36191YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8899000 | PA      | $8191985.13   | 0.14%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 D 5.47 8/44                                                                               | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2733635 | PA      | $2116547.52   | 0.04%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 E CSTR 8/44                                                                               | CUSIP: 36191YAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8138000 | PA      | $2777183.65   | 0.05%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GS MTG SECS TR 2011-GC5 4.5% 08/10/2044 144A                                                            | CUSIP: 36191YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7897000 | PA      | $23691.00     | 0.00%             | 2044-08-10      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| GS MTG SECS TR 2012-GCJ9                                                          | GS MTG SECS TR 2012-GCJ9 E CSTR 11/10/2045 144A                                                         | CUSIP: 36192PAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1908000 | PA      | $1831680.00   | 0.03%             | 2045-11-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| GAMING AND LEISURE PROPERTIES INC                                                 | GAMING AND LEISURE PROPRTI INC                                                                          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    664646 | NS      | $29742908.50  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM PROPERTY TRUST INC                                                          | RITHM PROPERTY TRUST INC                                                                                | CUSIP: 38983D854<br>LEI: 5493004ID2QQWNGDYC18 | Long             | EC               | CORP              | US        |    212544 | NS      | $3500599.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| INVENTRUST PROPERTIES CORP                                                        | INLAND AMERICN REAL EST TR INC                                                                          | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |    433800 | NS      | $12749382.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX E CSTR 6/45                                                                              | CUSIP: 46637WAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3237967 | PA      | $3192129.27   | 0.05%             | 2045-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JP MORGAN CHASE CMS TR 12-CIBX 4.0% 06/15/2045 144A                                                     | CUSIP: 46637WAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8192000 | PA      | $7007275.42   | 0.12%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX G 4.0% 6/45 144A                                                                         | CUSIP: 46637WAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4044000 | PA      | $2725385.05   | 0.05%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                                       | JP MORGAN CH CMS 13-LC11 D CSTR 04/15/2046                                                              | CUSIP: 46639YAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1649234 | PA      | $16492.34     | 0.00%             | 2046-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                                       | JPMCC 2014-DSTY E CSTR 06/27                                                                            | CUSIP: 46642MAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8161000 | PA      | $20320.89     | 0.00%             | 2027-06-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY CORP                                                                 | KIMCO REALTY CORPORATION                                                                                | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |   1441300 | NS      | $30382604.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| KITE REALTY GROUP TRUST                                                           | KITE REALTY GROUP TRUST                                                                                 | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1149800 | NS      | $27008802.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI HOMES INC                                                                     | LGI HOMES INC                                                                                           | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |    179300 | NS      | $8984723.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| LAMAR ADVERTISING CO                                                              | LAMAR ADVERTISING CO CL A                                                                               | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |    143000 | NS      | $18348330.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LXP INDUSTRIAL TRUST REIT                                                                               | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    579754 | NS      | $28726810.70  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LEXINGTON RLTY 6.5 CV PFD PERPPAR=50                                                                    | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |    440102 | NS      | $20649585.84  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| MFA FINANCIAL INC                                                                 | MFA FINANCIAL INC                                                                                       | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |   1134685 | NS      | $10938363.40  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC                                                                 | MFA FINANCIAL 7.5% PFD PERP                                                                             | CUSIP: 55272X409<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |    211532 | NS      | $4262369.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MSJP 2015-HAUL                                                                    | MSJP 2015-HAUL E 5.012% 09/05/2047 144A                                                                 | CUSIP: 553697AN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1291606.95   | 0.02%             | 2047-09-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MACERICH CO                                                                       | MACERICH COMPANY                                                                                        | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    341900 | NS      | $6472167.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APT CMNTYS INC                                                        | MID AMERICA APT CMNTY INC                                                                               | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     23106 | NS      | $3103135.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 XB CSTR 6/44 144A                                                                           | CUSIP: 617459AF9<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |  26059245 | PA      | $97620.54     | 0.00%             | 2044-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 D CSTR 6/44                                                                                 | CUSIP: 617459AJ1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   1509305 | PA      | $1494664.45   | 0.03%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 F CSTR 6/44                                                                                 | CUSIP: 617459AL6<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   2937000 | PA      | $2210092.50   | 0.04%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 E CSTR 7/15/49 144A                                                                         | CUSIP: 61760RAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    816514 | PA      | $807714.14    | 0.01%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 G CSTR 07/49                                                                                | CUSIP: 61760RAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5049500 | PA      | $4853131.51   | 0.08%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6                                   | MORGAN STAN BAML TR-2012-C6 F CSTR 11/15/2045 144A                                                      | CUSIP: 61761DAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $350150.00    | 0.01%             | 2045-11-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9                                   | MSBAM 13-C9 D CSTR 5/15/46                                                                              | CUSIP: 61762DAG6<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |   2231000 | PA      | $2063345.26   | 0.04%             | 2046-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9                                   | MSBAM 2013 - C9 C 4.2117% 5/46                                                                          | CUSIP: 61762DBB6<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |   3302000 | PA      | $3092187.62   | 0.05%             | 2046-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK OF AMER MERRILL LYNCH TR 2013-C12                               | MORGAN STANLEY BNK AML TR13-C12 4.94% 10/15/2046                                                        | CUSIP: 61762XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5670988 | PA      | $5274075.55   | 0.09%             | 2046-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                                  | MORGAN STANLEY CAP I TR 2015 4.163% 5/15/48                                                             | CUSIP: 61765DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5193000 | PA      | $4369234.41   | 0.07%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| NNN REIT INC                                                                      | NNN REIT INC                                                                                            | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    408800 | NS      | $17034696.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP                                                                                      | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    385699 | NS      | $4219547.06   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                                                                      | PROLOGIS INC REIT                                                                                       | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    758430 | NS      | $99020620.80  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                                                                      | PROLOGIS IN SR Q 8.54% PFD PRP                                                                          | CUSIP: 74340W202<br>LEI: 529900DFH19P073LZ636 | Long             | EP               | CORP              | US        |     93396 | NS      | $4946252.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PROVIDENCE PLACE GROUP LTD PARTNERSHIP                                            | PPGLP 2000-C1 A2 7.75% 7/28                                                                             | CUSIP: 743784AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1523978 | PA      | $1557020.17   | 0.03%             | 2028-07-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE                                                                                          | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |    144300 | NS      | $39854217.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP REIT                                                                                 | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |    356182 | NS      | $21784091.12  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDL RLTY INC                                                             | REXFORD INDUSTRIAL REALTY INC                                                                           | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    252600 | NS      | $10237878.00  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                           | SBA COMMUNICATIONS CORP                                                                                 | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     50900 | NS      | $9371199.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT INC                                                        | SABRA HEALTHCARE REIT INC                                                                               | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    846475 | NS      | $15854476.75  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLSCOT HOLDINGS CORP                                                            | WILLSCOT HOLDINGS CORP                                                                                  | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     58900 | NS      | $1179767.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP INC                                                          | SIMON PPTY GROUP INC - REIT                                                                             | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     46200 | NS      | $8838522.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES INC                                                               | SUN COMMUNITIES INC - REIT                                                                              | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |    323900 | NS      | $41274577.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRENO RLTY CORP                                                                 | TERRENO REALTY CORP                                                                                     | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62628 | NS      | $3854127.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TIMES SQUARE HOTEL TR                                                             | TIMES SQUARE HOTEL TR 8.528% 08/01/2026 144A                                                            | CUSIP: 887367AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    536895 | PA      | $538102.71    | 0.01%             | 2026-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                           | UDR INC                                                                                                 | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |   1591300 | NS      | $59116795.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                                           | UBSCM 2012-C1 F CSTR 5/10/45 144A                                                                       | CUSIP: 90269GAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2221350 | PA      | $820696.64    | 0.01%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| UMH PPTYS INC                                                                     | UMH PROPERTIES INC                                                                                      | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |   1260923 | NS      | $19708226.49  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                                                                        | VENTAS INC REIT                                                                                         | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    622386 | NS      | $48340720.62  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 5.7% 09/30/2043                                                             | CUSIP: 92277GAB3<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3025188.00   | 0.05%             | 2043-09-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 4.375% 02/01/2045                                                           | CUSIP: 92277GAF4<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2532164.97   | 0.04%             | 2045-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY TRUST                                                              | VORNADO RLTY SR L 5.4% PFD PRP                                                                          | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    388600 | NS      | $7103608.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WFRBS COML MTG TR 2011-C3                                                         | WFRBS 2011-C3 D CSTR 3/44                                                                               | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    503530 | PA      | $181280.76    | 0.00%             | 2044-03-15      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 G 5% 06/15/44                                                                             | CUSIP: 92936CBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3955000 | PA      | $1262322.10   | 0.02%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2013-C11                                                        | WFRBS 2013-C11 E VAR 3/45                                                                               | CUSIP: 92937EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4727000 | PA      | $3356170.00   | 0.06%             | 2045-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C13                                                        | WFRBS COML MTG TR 2013-C13 D CSTR 05/15/2045 144A                                                       | CUSIP: 92937UAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2981070 | PA      | $2790996.78   | 0.05%             | 2045-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ELME COMMUNITIES                                                                  | ELME COMMUNITIES                                                                                        | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |    668747 | NS      | $1471243.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                                                                     | WELLTOWER INC                                                                                           | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    460100 | NS      | $86664436.00  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER CO                                                                   | WEYERHAEUSER CO                                                                                         | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    147500 | NS      | $3802550.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR2 CSTR 06/35                                                                           | CUSIP: 92939VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2541000 | PA      | $558994.59    | 0.01%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                                           | UBSCM 2012-C1 E CSTR 05/45                                                                              | CUSIP: 90269GAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4699074 | PA      | $4469759.65   | 0.08%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10                                    | BACM 2016-UBS10 CSTR 06/49                                                                              | CUSIP: 06054MAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3030000 | PA      | $2940128.99   | 0.05%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOTHERLY HOTELS INC                                                               | SOTHERLY HOTELS INC SER B 8% PERP PFD                                                                   | CUSIP: 83600C301<br>LEI: 549300IYTT21F61LSR10 | Long             | EP               | CORP              | US        |     67250 | NS      | $1221932.50   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                                                      | ENBRIDGE INC SER 1 4% PFD PERP                                                                          | CUSIP: 29250N717<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |    498275 | NS      | $12262547.75  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                                                      | ENBRIDGE INC SER L 4/VAR PFD PERP                                                                       | CUSIP: 29250N790<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |    111400 | NS      | $2701450.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2016-BNK2                                                 | MORGAN STANLEY CAP I TR 2016-BNK2 3% 11/15/2049 144A                                                    | CUSIP: 61690YAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2966000 | PA      | $2237044.40   | 0.04%             | 2049-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILT 2016-HHV F CSTR 11/38 144A                                                                         | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20270000 | PA      | $19907892.67  | 0.34%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC SER H 7.125% PERP PFD                                                           | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    148417 | NS      | $2851090.57   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMBB COML MTG SECS TR 2014-C26                                                   | JPMBB 2014-C26 D CSTR 01/15/2048 144A                                                                   | CUSIP: 46643TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2398000 | PA      | $2145490.60   | 0.04%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES INC                                                              | INVITATION HOMES INC                                                                                    | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2587100 | NS      | $69153183.00  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMBB COML MTG SECS TR 2014-C23                                                   | JPMBB 2014-C23 UH5 4.7094% 09/15/2047 144A                                                              | CUSIP: 46643AAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8640000 | PA      | $8506847.23   | 0.15%             | 2047-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD3 MTG TR                                                                | CD 2017-CD3 D 3.25% 02/10/2050 144A                                                                     | CUSIP: 12515GAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3072761 | PA      | $170111.43    | 0.00%             | 2050-02-10      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| CHIMERA INVESTMENT CORP                                                           | CHIMERA INVESTMENT CORP SER B 8%/VAR PREF PERP                                                          | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    626604 | NS      | $14781588.36  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                                | PENNYMAC MTG INVT TR 8.125/VAR PREF PERP                                                                | CUSIP: 70931T301<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    194805 | NS      | $4722073.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INVESTMENT COR                                                        | TWO HARBORS INVT CORP 8.125% SER A PERP PFD                                                             | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |    187099 | NS      | $4634442.23   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 4.75% 05/15/2047                                                                       | CUSIP: 22822VAF8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4306943.65   | 0.07%             | 2047-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | CD 2017-CD4 D 3.3% 05/10/2050 144A                                                                      | CUSIP: 12515DAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2769000 | PA      | $2433175.40   | 0.04%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A                                                                    | CUSIP: 92939VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6725000 | PA      | $3362432.75   | 0.06%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE 5.15% SER F PFD PERP                                                                     | CUSIP: 74460W685<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     25800 | NS      | $548508.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC 7.15% SER I PERP PFD                                                            | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    142666 | NS      | $2781987.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR CSTR 05/10/2050                                                  | CUSIP: 12515DAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2813275.20   | 0.05%             | 2050-05-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                                                              | TRI POINTE HOMES INC 5.25% 06/01/2027                                                                   | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11458000 | PA      | $11490873.00  | 0.20%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                                            | MORGAN STANLEY CAPITAL I TRUST 2017-H1 4.281% 06/15/2050                                                | CUSIP: 61691JBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2470594 | PA      | $2346225.53   | 0.04%             | 2050-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                                | PENNYMAC MTG INVT TR 8%/VAR SER B PREF PERP                                                             | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    309033 | NS      | $7450785.63   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                             | AMERICAN HOMES 4 RENT 5.875% SER G PFD PERP                                                             | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |    439881 | NS      | $10066676.69  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INVESTMENT COR                                                        | TWO HARBORS INV CORP 7.625% SER B PFD PERP                                                              | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |    331816 | NS      | $8152719.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC 6.95%/VAR PERP PFD                                                        | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |   1374443 | NS      | $35558214.85  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE SER G 5.05% PFD PERP                                                                     | CUSIP: 74460W669<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     43800 | NS      | $939072.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE FIN LLC / HILTON WORLDWIDE FIN CORP                              | HILTON WORLDWIDE FIN LLC / HILTON WORLDWIDE FIN CORP 4.875% 04/01/2027                                  | CUSIP: 432891AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3001071.00   | 0.05%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY CORP                                                                 | KIMCO REALTY CORP 5.125% PERP PFD                                                                       | CUSIP: 49446R737<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |     49000 | NS      | $988820.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP 7/VAR PFD PERP                                                                     | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    653202 | NS      | $16715439.18  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHFORD HOSPITALITY TRUST INC                                                     | ASHFORD HOSPITALITY TRUST INC SER H 7.5% PFD PERP                                                       | CUSIP: 044103802<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18659 | NS      | $215698.04    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TR                                                                    | RLJ LODGING TR SER A PC 1.95% PERP                                                                      | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     31585 | NS      | $804785.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                 | IRON MOUNTAIN INC 4.875% 09/15/2027 144A                                                                | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998251.00   | 0.05%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC SER A 7.25% PFD PERP                                                               | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    509695 | NS      | $11931959.95  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027                                                              | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10670000 | PA      | $10431365.45  | 0.18%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                                          | DIGITAL RLTY TR INC 5.25% PFD PERP                                                                      | CUSIP: 253868855<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |     80800 | NS      | $1683064.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL MEDICAL REIT INC                                                           | GLOBAL MEDICAL REIT INC SER A 7.5% PFD PERP                                                             | CUSIP: 37957W203<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EP               | CORP              | US        |    150848 | NS      | $3704826.88   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC 7.125% SER J PFD PERP                                                           | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    292503 | NS      | $5668708.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM 2017-COR2                                                                    | COMM 2017-COR2 D 3% 09/10/2050 144A                                                                     | CUSIP: 12595EAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2769000 | PA      | $2517701.07   | 0.04%             | 2050-09-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NATIONAL STORAGE AFFILIATES TRUST                                                 | NATIONAL STORAGE AFFILIATES SER A 6% PFD PERP                                                           | CUSIP: 637870205<br>LEI: 529900FS06O8GOYNR108 | Long             | EP               | CORP              | US        |    546375 | NS      | $11468411.25  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SOTHERLY HOTELS INC                                                               | SOTHERLY HOTELS INC SER C 7.875% PERP PFD                                                               | CUSIP: 83600C400<br>LEI: 549300IYTT21F61LSR10 | Long             | EP               | CORP              | US        |    107000 | NS      | $1993410.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PPTYS INC                                                                    | VICI PPTYS INC                                                                                          | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |   1864900 | NS      | $52366392.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MORGAN STANLEY CAP I TR 2011-C3 F CSTR 07/15/2049 144A                                                  | CUSIP: 61760RAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5624050 | PA      | $5458353.68   | 0.09%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES INC                                                       | SUMMIT HOTEL PPTYS INC SERIES E 6.25% PFD PERP                                                          | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    457602 | NS      | $8717318.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDL RLTY INC                                                             | REXFORD INDL RLTY INC SER B 5.875% PERP PFD                                                             | CUSIP: 76169C308<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |    148400 | NS      | $3347904.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                                                                    | EPR PPTYS 5.75% PFD PERP                                                                                | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |     50000 | NS      | $1031500.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST                                                              | VORNADO REALTY TRUST SER M 5.25% PFD PERP                                                               | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    275004 | NS      | $4837320.36   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY CORP                                                                 | KIMCO REALTY CORP SER M 5.25% PFD PERP                                                                  | CUSIP: 49446R711<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |     58100 | NS      | $1192793.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC 6.5%/VAR PFD PERP                                                         | CUSIP: 035710862<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |   1069599 | NS      | $26836238.91  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 3.8% 02/15/2028                                                                        | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1987114.42   | 0.03%             | 2028-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SERITAGE GROWTH PPTYS                                                             | SERITAGE GROWTH PPTYS SER A 7% PERP PFD                                                                 | CUSIP: 81752R308<br>LEI: 5493003CJFC2MM82WB25 | Long             | EP               | CORP              | US        |     91986 | NS      | $2217782.46   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC                                                                  | SAUL CENTERS INC 6.125% SER D PFD PERP                                                                  | CUSIP: 804395804<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     57775 | NS      | $1205868.25   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH PPTYS INC                                                                     | UMH PPTYS INC 6.75% SER D PFD PERP                                                                      | CUSIP: 903002509<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EP               | CORP              | US        |    844525 | NS      | $18963808.88  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                                                                    | EPR PPTYS 4.95% 04/15/2028                                                                              | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8075013.92   | 0.14%             | 2028-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2018-C8                                                    | JPMDB COML MTG SECS TR 2018-C8 CSTR 06/15/2051 144A                                                     | CUSIP: 46591AAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1698000 | PA      | $1364680.22   | 0.02%             | 2051-06-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2018-AON                                        | J P MORGAN CHASE COML MTG SECS TR 2018-AON-F 4.6132% 07/05/2031 144A                                    | CUSIP: 46649XAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5039000 | PA      | $563968.41    | 0.01%             | 2031-07-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RETAIL VALUE INC                                                                  | RETAIL VALUE INC (ESCROW LINE)                                                                          | CUSIP: 76133Q102<br>LEI: 549300VO5RB7323N1Z31 | Long             | EC               | CORP              | US        |    274131 | NS      | $2.74         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GS MTG SECS CORP TR 2018-RIVR                                                     | GS MTG SECS CORP TR 2018-RIVR G TSFR1M+264.7 07/15/2035 144A                                            | CUSIP: 36255WAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3808000 | PA      | $2817.92      | 0.00%             | 2035-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 4.4% 01/15/2029                                                             | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10053966.20  | 0.17%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                             | AMERICAN HOMES 4 RENT SER H 6.25% PERP PFD                                                              | CUSIP: 02665T868<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |    411648 | NS      | $9874571.06   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM 2018-HCLV MTG TR                                                             | COMM 2018-HCLV MTG TR TSFR1M+319.601 09/15/2033 144A                                                    | CUSIP: 20048KAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4265000 | PA      | $240409.09    | 0.00%             | 2033-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| COMM 2018-HCLV MTG TR                                                             | COMM MORTGAGE TRUST 2018-HCLV G TSFR1M+520.234 069/15/2033                                              | CUSIP: 20048KAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4265000 | PA      | $91134.09     | 0.00%             | 2033-09-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| CHIMERA INVESTMENT CORP                                                           | CHIMERA INVESTMENT CORP SER C 7.75/VAR PERP PFD                                                         | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    773686 | NS      | $16990144.56  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.3% 01/15/2029                                                            | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19193000 | PA      | $19559547.91  | 0.33%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRAEMAR HOTELS and RESORTS INC                                                    | BRAEMAR HOTELS and RESORTS INC SER D 8.25% PFD PERP                                                     | CUSIP: 10482B309<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |    138854 | NS      | $2288313.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER F 6.3% PERP PFD                                                                | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    281697 | NS      | $5774788.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER E 6.375% PERP PFD                                                              | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    372994 | NS      | $7467339.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 4.9% 02/15/2029                                                                | CUSIP: 02666TAB3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13220922.39  | 0.23%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                                                      | CUBESMART LP 4.375% 02/15/2029                                                                          | CUSIP: 22966RAE6<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12052009.20  | 0.21%             | 2029-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 5.2% 02/15/2049                                                                        | CUSIP: 22822VAM3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13524598.65  | 0.23%             | 2049-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                                  | WELLTOWER OP LLC 4.125% 03/15/2029                                                                      | CUSIP: 95040QAH7<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3008727.15   | 0.05%             | 2029-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES LP                                                      | HUDSON PACIFIC PROPERTIES LP 4.65% 04/01/2029                                                           | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5499463.20   | 0.09%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP 6.875/VAR PERP PFD                                                                 | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    673972 | NS      | $16832450.70  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                                          | DIGITAL RLTY TR INC SER K 5.85% PERP PFD                                                                | CUSIP: 253868830<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |     42600 | NS      | $1008342.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PARTNERS LP                                                   | BROOKFIELD PROPERTY PARTN LP 6.5% PERP PFD                                                              | CUSIP: N/A<br>LEI: 5493004J5Z0TZW83NU62       | Long             | EP               | CORP              | BM        |     34125 | NS      | $538151.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2019-IMC                                             | BX COMMERCIAL MORTGAGE TRUST 2019-IMC G TSFR1M+371.448 04/15/2034 144A                                  | CUSIP: 05608BAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5181000 | PA      | $5039419.33   | 0.09%             | 2034-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| POSTAL REALTY TRUST INC                                                           | POSTAL REALTY TRUST INC                                                                                 | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |    878500 | NS      | $16015055.00  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                                  | BRIXMOR OPERATING PARTNERSHIP LP 4.125% 05/15/2029                                                      | CUSIP: 11120VAH6<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |   1872000 | PA      | $1865527.39   | 0.03%             | 2029-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                                      | WP CAREY INC 3.85% 07/15/2029                                                                           | CUSIP: 92936UAF6<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2968875.30   | 0.05%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 3.8% 08/15/2029                                                                     | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  23000000 | PA      | $22679732.59  | 0.39%             | 2029-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARMADA HOFFLER PROPERTIES INC                                                     | ARMADA HOFFLER PPTYS INC SER A 6.75% PFD PERP                                                           | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               | CORP              | US        |    255050 | NS      | $5496327.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC SER I 6.75/VAR PFD PERP                                                   | CUSIP: 035710847<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |    192992 | NS      | $4954104.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP                                                                                      | CUSIP: 64828T300<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    342711 | NS      | $8636317.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 4.625% 08/01/2029                                                          | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19835000 | PA      | $17006016.27  | 0.29%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                           | UDR INC 3% 08/15/2031                                                                                   | CUSIP: 90265EAR1<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1390709.15   | 0.02%             | 2031-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER B 7.125%/VAR PFD PERP                                                            | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |   1023942 | NS      | $25741901.88  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 4% 01/15/2030                                                              | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2919049.50   | 0.05%             | 2030-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2019-C52                                                  | WELLS FARGO COML MTG TR 2019-C52 3.561% 08/15/2052                                                      | CUSIP: 95002MBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    883000 | PA      | $755693.83    | 0.01%             | 2052-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SAUL CENTERS INC                                                                  | SAUL CENTERS INC 6% SER E PFD PERP                                                                      | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     76841 | NS      | $1717396.35   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME PARTNERS AMER 2019-2 TR                                                      | HOME PARTNERS AMER 2019-2 TR 3.866% 10/19/2039 144A                                                     | CUSIP: 43732TAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2747554 | PA      | $2671853.51   | 0.05%             | 2039-10-19      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| REXFORD INDL RLTY INC                                                             | REXFORD INDL RLTY INC SER C 5.625% PERP PFD                                                             | CUSIP: 76169C407<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |    317525 | NS      | $6741055.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE COMMERCIAL CORP                                                         | GLADSTONE COMMERCIAL CORP SER E 6.625% PFD 12/31/2049                                                   | CUSIP: 376536702<br>LEI: 529900EVVV534W8R0T32 | Long             | EP               | CORP              | US        |    157675 | NS      | $3596582.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE LP                                                              | SABRA HEALTH CARE LP 3.9% 10/15/2029                                                                    | CUSIP: 78572XAG6<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    989000 | PA      | $969031.65    | 0.02%             | 2029-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER E 6.5%/VAR PFD PERP                                                            | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |   1152034 | NS      | $29365346.66  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                                          | DIGITAL RLTY TR INC SER L 5.2% PERP PFD                                                                 | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |     82700 | NS      | $1716025.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLINGTON FINANCIAL INC                                                           | ELLINGTON FINANCIAL INC 6.75/VAR PFD PERP                                                               | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |    212370 | NS      | $5328363.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                                         | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                                           | CUSIP: 08162YBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3427000 | PA      | $17135.00     | 0.00%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                                         | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                                           | CUSIP: 08162YBP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5141000 | PA      | $12852.50     | 0.00%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| EQUINIX INC                                                                       | EQUINIX INC 3.2% 11/18/2029                                                                             | CUSIP: 29444UBE5<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9627177.60   | 0.16%             | 2029-11-18      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP / VICI NOTE CO INC                                             | VICI PROPERTIES LP / VICI NOTE CO INC 4.625% 12/01/2029 144A                                            | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  26000000 | PA      | $26006043.18  | 0.45%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC SER B 6.875% PFD PERP                                                              | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    294000 | NS      | $6732600.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BX TR 2019-OC11                                                                   | BX TR 2019-OC11 4.075457% 12/09/2041 144A                                                               | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  32521000 | PA      | $30146628.78  | 0.52%             | 2041-12-09      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTHCARE PROPERTIES INC                                                | HEALTHCARE TRUST INC SER A 7.375% PFD PERP                                                              | CUSIP: 42226B204<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |    364800 | NS      | $7113600.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                                                | ENERGY TRANSFER LP 7.125%/VAR PERP                                                                      | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   6000000 | PA      | $6197298.00   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK 2017-BNK8                                                                    | BANK 2017-BNK8 E 2.8% 11/15/2050 144A                                                                   | CUSIP: 06650AAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11374393 | PA      | $5016136.89   | 0.09%             | 2050-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER F 6.125%/VAR PFD PERP                                                          | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    930100 | NS      | $23373413.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                                | ESSEX PORTFOLIO LP 2.65% 03/15/2032                                                                     | CUSIP: 29717PAV9<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2674795.74   | 0.05%             | 2032-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PROPERTY PARTNERS LP                                                   | BROOKFIELD PROPERTY PARTN LP 5.75% PFD PERP                                                             | CUSIP: N/A<br>LEI: 5493004J5Z0TZW83NU62       | Long             | EP               | CORP              | BM        |     43000 | NS      | $594690.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER C 6.375%/VAR PFD PERP                                                            | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |   1024554 | NS      | $25163046.24  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNEX CAPITAL INC                                                                 | DYNEX CAP INC 6.9%/VAR PFD PERP C                                                                       | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |    298683 | NS      | $7723942.38   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FORESTAR GROUP INC                                                                | FORESTAR GROUP INC 5% 03/01/2028 144A                                                                   | CUSIP: 346232AE1<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4996364.10   | 0.09%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MFA FINANCIAL INC                                                                 | MFA FINANCIAL 6.5%/VAR PFD PERP                                                                         | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |    788551 | NS      | $18294383.20  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SG COML MTG SECS TR 2020-COVE                                                     | SG COMMERCIAL MORTGAGE SECURITIES TRUST 2020-COVE F CSTR 03/15/2037 144A                                | CUSIP: 78397FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4529106.50   | 0.08%             | 2037-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C6                                                              | BBCMS MTG TR 2020-C6 3.045% 02/15/2053                                                                  | CUSIP: 05492TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1129000 | PA      | $934443.38    | 0.02%             | 2053-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2020-L4                                                   | Morgan Stanley Capital I Trust 3.536% 02/15/2053                                                        | CUSIP: 61770KBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2765000 | PA      | $2496429.19   | 0.04%             | 2053-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2020-VIVA                                            | BX COMMERCIAL MORTGAGE TRUST 2020-VIVA E 3.54875% 03/09/2044 144A                                       | CUSIP: 12433XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20898990 | PA      | $18874793.24  | 0.32%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                              | BOSTON PROPERTIES LP 3.25% 01/30/2031                                                                   | CUSIP: 10112RBD5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7508547.28   | 0.13%             | 2031-01-30      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CUSHMAN and WAKEFIELD US BORROWER LLC                                             | CUSHMAN and WAKEFIELD US BORROWER LLC 6.75% 05/15/2028 144A                                             | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |  11165000 | PA      | $11234915.23  | 0.19%             | 2028-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.25% 01/15/2031                                                                       | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $12521584.18  | 0.21%             | 2031-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                       | EQUINIX INC 3% 07/15/2050                                                                               | CUSIP: 29444UBJ4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $6998585.55   | 0.12%             | 2050-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                                  | BRIXMOR OPERATING PARTNERSHIP LP 4.05% 07/01/2030                                                       | CUSIP: 11120VAJ2<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3937484.88   | 0.07%             | 2030-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE SER L 4.625% PFD PERP                                                                    | CUSIP: 74460W552<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     35900 | NS      | $684972.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                                                                 | IRON MOUNTAIN INC 5.25% 07/15/2030 144A                                                                 | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4950989.00   | 0.08%             | 2030-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 4% 01/15/2031                                                              | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1912769.20   | 0.03%             | 2031-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                                        | JPMCC 2020-NNN FFX 4.6254% 01/16/2037 144A                                                              | CUSIP: 46652BBN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $480000.00    | 0.01%             | 2037-01-16      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| COSTAR GROUP INC                                                                  | COSTAR GROUP INC 2.8% 07/15/2030 144A                                                                   | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1841191.40   | 0.03%             | 2030-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C7                                                              | BBCMS MTG TR 2020-C7 CSTR 04/15/2053                                                                    | CUSIP: 05492VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2067000 | PA      | $1774298.74   | 0.03%             | 2053-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                 | IRON MOUNTAIN INC 4.5% 02/15/2031 144A                                                                  | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4300279.65   | 0.07%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE SER M 4.125% PFD PERP                                                                    | CUSIP: 74460W537<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     28000 | NS      | $471517.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 2.9% 10/01/2030                                                                                | CUSIP: 008513AA1<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1402272.33   | 0.02%             | 2030-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LXP INDUSTRIAL TRUST 2.7% 09/15/2030                                                                    | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   4422000 | PA      | $4052548.31   | 0.07%             | 2030-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS INC                                                    | OMEGA HEALTHCARE INVESTORS INC 3.375% 02/01/2031                                                        | CUSIP: 681936BM1<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4677941.65   | 0.08%             | 2031-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                  | LAMAR MEDIA CORP 4% 02/15/2030                                                                          | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5875000 | PA      | $5679813.70   | 0.10%             | 2030-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                                  | LAMAR MEDIA CORP 3.75% 02/15/2028                                                                       | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1963446.40   | 0.03%             | 2028-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 4% 05/01/2031 144A                                                     | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $11454566.40  | 0.20%             | 2031-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 3.5% 03/15/2031                                                            | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16000000 | PA      | $11827916.80  | 0.20%             | 2031-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY TRUST                                                              | VORNADO REALTY TRUST SER N 5.25% PERP PFD                                                               | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    187736 | NS      | $3324804.56   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP                  | GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP 3.75% 12/15/2027 144A                  | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5075000 | PA      | $4938231.80   | 0.08%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK30                                                                   | BANK 2020-BN30 MCDG CSTR 12/53                                                                          | CUSIP: 06541UBJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1202481.00   | 0.02%             | 2053-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                           | SBA COMMUNICATIONS CORP 3.875% 02/15/2027                                                               | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19851744.00  | 0.34%             | 2027-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC                        | UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 6.5% 02/15/2029 144A                         | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12645000 | PA      | $12298343.65  | 0.21%             | 2029-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 3.625% 02/15/2032 144A                                                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |  17765000 | PA      | $16445897.23  | 0.28%             | 2032-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                                | KENNEDY-WILSON INC 4.75% 03/01/2029                                                                     | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |  12075000 | PA      | $11816035.93  | 0.20%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                                | KENNEDY-WILSON INC 5% 03/01/2031                                                                        | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   6960000 | PA      | $6685149.60   | 0.11%             | 2031-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.9% 04/01/2041                                                                        | CUSIP: 22822VAX9<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  17930000 | PA      | $13078086.06  | 0.22%             | 2041-04-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.1% 04/01/2031                                                                        | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $7950074.85   | 0.14%             | 2031-04-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                                      | WP CAREY INC 2.25% 04/01/2033                                                                           | CUSIP: 92936UAH2<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4225926.55   | 0.07%             | 2033-04-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                      | NNN REIT INC 3.5% 04/15/2051                                                                            | CUSIP: 637417AQ9<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $8473590.60   | 0.15%             | 2051-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS INC                                                    | OMEGA HEALTHCARE INVESTORS INC 3.25% 04/15/2033                                                         | CUSIP: 681936BN9<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $15979530.60  | 0.27%             | 2033-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GLOBAL PARTNERS LP                                                                | GLOBAL PARTNERS LP SER B 9.5% PERP PFD                                                                  | CUSIP: 37946R307<br>LEI: 549300PCHWTW9P4DU444 | Long             | EP               | CORP              | US        |     67800 | NS      | $1755545.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 2.7% 04/15/2031                                                                     | CUSIP: 03027XBM1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1839121.42   | 0.03%             | 2031-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                          | MHC 2021 MHC G TSFR1M+331.544 9 04/15/2026 144A                                                         | CUSIP: 55316VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19680800 | PA      | $19680800.00  | 0.34%             | 2038-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VASA TR 2021-VASA                                                                 | VASA TR 2021-VASA G TSFR1M+511.448 04/15/2060 144A                                                      | CUSIP: 92230AAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $573531.92    | 0.01%             | 2039-07-15      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| VASA TR 2021-VASA                                                                 | VASA TR 2021-VASA F TSFR1M+401.448 04/15/2060 144A                                                      | CUSIP: 92230AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6685000 | PA      | $5728476.11   | 0.10%             | 2039-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 2.8% 06/15/2031                                                                | CUSIP: 78646UAA7<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6429835.79   | 0.11%             | 2031-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 2.55% 06/01/2031                                                                 | CUSIP: 30225VAF4<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1812137.96   | 0.03%             | 2031-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TRUST 6.375% PERP PFD                                                                 | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    666800 | NS      | $13336000.00  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 2.6% 06/15/2033                                                                                | CUSIP: 008513AC7<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $5263561.84   | 0.09%             | 2033-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER LLC                                               | HILTON GRAND VACATIONS TERM B 1LN 08/02/2028                                                            | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |    669933 | PA      | $668016.58    | 0.01%             | 2028-08-02      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER  | PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER 4.875% 05/15/2029 144A | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6847803.90   | 0.12%             | 2029-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUNSTONE HOTEL INVS INC NEW                                                       | SUNSTONE HOTEL INVS INC SER H 6.125% PFD PERP                                                           | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |    180000 | NS      | $3753000.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                                | ESSEX PORTFOLIO LP 2.55% 06/15/2031                                                                     | CUSIP: 29717PAZ0<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1813737.74   | 0.03%             | 2031-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                                            | XHR LP 4.875% 06/01/2029 144A                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9857919.00   | 0.17%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC                                                            | ARBOR REALTY TRUST INC SER D 6.375% PERP PFD                                                            | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |    126100 | NS      | $2233319.27   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CTR PARTNERSHIP LP / CARETRUST CAP CORP                                           | CTR PARTNERSHIP LP / CARETRUST CAP CORP 3.875% 06/30/2028 144A                                          | CUSIP: 126458AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21865000 | PA      | $21458319.75  | 0.37%             | 2028-06-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS INC                                                    | MARRIOTT OWNERSHIP RESORTS INC 4.5% 06/15/2029 144A                                                     | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |  15960000 | PA      | $15225793.08  | 0.26%             | 2029-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE 4% PERP PFD                                                                              | CUSIP: 74460W461<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     47800 | NS      | $774360.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST LP                                                              | RLJ LODGING TRUST LP 3.75% 07/01/2026 144A                                                              | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3976503.60   | 0.07%             | 2026-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC         | HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC 4.875% 07/01/2031 144A        | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18265000 | PA      | $17035981.03  | 0.29%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                                     | LGI HOMES INC 4% 07/15/2029 144A                                                                        | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |  13310000 | PA      | $12215059.51  | 0.21%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.5% 07/15/2031                                                                        | CUSIP: 22822VAY7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4478578.45   | 0.08%             | 2031-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SUN CMNTYS OPER LTD PRTNRSHP                                                      | SUN CMNTYS OPER LTD PRTNRSHP 2.7% 07/15/2031                                                            | CUSIP: 866677AE7<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $16349395.14  | 0.28%             | 2031-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GLADSTONE COMMERCIAL CORP                                                         | GLADSTONE COMMERCIAL CORP SER G 6% PFD PERP                                                             | CUSIP: 376536884<br>LEI: 529900EVVV534W8R0T32 | Long             | EP               | CORP              | US        |    391000 | NS      | $7933350.90   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT SUISSE COM MTG TR 2021                                                     | CREDIT SUISSE COM MTG TR 2021-SOP2 F STEP 06/15/2034 144A                                               | CUSIP: 12657VAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7120000 | PA      | $3906791.70   | 0.07%             | 2034-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CTO REALTY GROWTH INC                                                             | CTO REALTY GROWTH INC 6.375% PFD PERP                                                                   | CUSIP: 22948Q200<br>LEI: 254900ZQ99OFO1WXS678 | Long             | EP               | CORP              | US        |    120000 | NS      | $2436012.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 2.375% 07/15/2031                                                              | CUSIP: 02666TAC1<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8033018.40   | 0.14%             | 2031-07-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 3.375% 07/15/2051                                                              | CUSIP: 02666TAD9<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   2425000 | PA      | $1621425.62   | 0.03%             | 2051-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COML MTG TR 2021-MF G TSFR1M+446.448 07/15/2038 144A                                               | CUSIP: 69356GAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5944000 | PA      | $1108364.01   | 0.02%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COMML MTG 2021-MF E TSFR1M+271.448 07/15/2038 144A                                                 | CUSIP: 69356GAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $172057.30    | 0.00%             | 2038-07-15      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| HOME PARTNERS AMER 2021-1 TR                                                      | HOME PARTNERS AMER 2021-1 TR 3.325% 09/17/2041 144A                                                     | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6306809 | PA      | $5706098.67   | 0.10%             | 2041-09-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MERIT 2021-STOR F TSFR1M+231.448 07/15/2038 144A                                                        | CUSIP: 55293BAM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3182000 | PA      | $3178022.50   | 0.05%             | 2038-07-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SUNSTONE HOTEL INVS INC NEW                                                       | SUNSTONE HOTEL INVS INC SER I 5.7% PERP PFD                                                             | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |    240000 | NS      | $4633200.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER H 5.7% PERP PFD                                                                | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    717200 | NS      | $12837880.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+406.448 08/15/2026 144A                                                         | CUSIP: 482606AS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7096721 | PA      | $7064499.61   | 0.12%             | 2038-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CENTURY CMNTYS INC                                                                | CENTURY COMMUNITIES INC 3.875% 08/15/2029 144A                                                          | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |  13005000 | PA      | $12376582.66  | 0.21%             | 2029-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2021-B28 MTG TR                                                         | BENCHMARK 2021-B28 MTG TR 2.2237% 08/15/2054                                                            | CUSIP: 08163GAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $442853.15    | 0.01%             | 2054-08-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALTY LP                                                      | REXFORD INDUSTRIAL REALTY LP 2.15% 09/01/2031                                                           | CUSIP: 76169XAB0<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4385394.10   | 0.08%             | 2031-09-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| TANGER PROPERTIES LP                                                              | TANGER PROPERTIES LP 2.75% 09/01/2031                                                                   | CUSIP: 875484AL1<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4542542.40   | 0.08%             | 2031-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES INC                                                       | SUMMIT HOTEL PPTYS INC SER F 5.875% PERP PFD                                                            | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    377000 | NS      | $6835010.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNEDY-WILSON INC                                                                | KENNEDY-WILSON INC 4.75% 02/01/2030                                                                     | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   8130000 | PA      | $7813743.00   | 0.13%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                                  | BRIXMOR OPERATING PARTNERSHIP LP 2.5% 08/16/2031                                                        | CUSIP: 11120VAL7<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8075234.70   | 0.14%             | 2031-08-16      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 2.5% 09/01/2031                                                             | CUSIP: 92277GAW7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1348246.70   | 0.02%             | 2031-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LXP INDUSTRIAL TRUST 2.375% 10/01/2031                                                                  | CUSIP: 529537AA0<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6574514.18   | 0.11%             | 2031-10-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                                | PENNYMAC MTG INVT TR 6.75% PERP PFD                                                                     | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    217700 | NS      | $4240796.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD                                    | PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD 3% 12/26/2070 144A                                       | CUSIP: 74167UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  13870000 | PA      | $11901847.00  | 0.20%             | 2070-12-26      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AGREE REALTY CORP                                                                 | AGREE REALTY CORP 4.375% PERP PFD                                                                       | CUSIP: 008492209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    259800 | NS      | $4473756.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST LP                                                              | RLJ LODGING TRUST LP 4% 09/15/2029 144A                                                                 | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |   4835000 | PA      | $4588220.63   | 0.08%             | 2029-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 2.35% 03/15/2032                                                                 | CUSIP: 30225VAG2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $10490162.52  | 0.18%             | 2032-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER D 7%/VAR PFD PERP                                                                | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    151200 | NS      | $3721032.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE LP                                                              | SABRA HEALTH CARE LP 3.2% 12/01/2031                                                                    | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $12817084.42  | 0.22%             | 2031-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                       | UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A                                                              | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18035000 | PA      | $17176983.07  | 0.29%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 2.625% 11/15/2031                             | CUSIP: 71845JAA6<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |  16500000 | PA      | $14774751.92  | 0.25%             | 2031-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC 4.5% 09/30/2028 144A                                                               | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              | CORP              | US        |  13405000 | PA      | $13126319.43  | 0.22%             | 2028-09-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTHCARE PROPERTIES INC                                                | HEALTHCARE TRUST INC 7.125% PERP PFD                                                                    | CUSIP: 42226B303<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |    190000 | NS      | $3568200.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC                                                            | ARBOR REALTY TRUST INC SER F 6.25%/VAR PFD PERP                                                         | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |    447536 | NS      | $10011380.32  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| WP CAREY INC                                                                      | WP CAREY INC 2.45% 02/01/2032                                                                           | CUSIP: 92936UAJ8<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1767835.32   | 0.03%             | 2032-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                                                    | EPR PPTYS 3.6% 11/15/2031                                                                               | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1854855.42   | 0.03%             | 2031-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-PAC                                             | BX COMMERCIAL MORTGAGE TRUST 2021-PAC G TSFR1M+306.058 21 10/15/2036 144A                               | CUSIP: 05609PAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17232000 | PA      | $17210460.00  | 0.29%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-2 TR                                                      | HOME PARTNERS AMER 2021-2 TR 4.505% 12/17/2026 144A                                                     | CUSIP: 43732VAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27644031 | PA      | $27256425.44  | 0.47%             | 2026-12-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX TR 2021-ACNT                                                                   | BX TR 2021-ACNT TSFR1M+340.948 3 11/15/2026 144A                                                        | CUSIP: 05609QAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11725168 | PA      | $11673870.22  | 0.20%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2021-SFR1 TR                                                   | TRICON RESIDENTIAL 2021-SFR1 TR 4.133% 07/17/2038 144A                                                  | CUSIP: 89614YAH9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2973104.10   | 0.05%             | 2038-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES INC                                                     | HUDSON PACIFIC PROPERTIES INC 4.75% PFD PERP C                                                          | CUSIP: 444097307<br>LEI: 529900EURZA5HRSXQ389 | Long             | EP               | CORP              | US        |    686200 | NS      | $10745892.00  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I HOMES INC                                                                     | M/I HOMES INC 3.95% 02/15/2030                                                                          | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |  17070000 | PA      | $16428393.32  | 0.28%             | 2030-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+424.7 11/15/2036 144A                                                           | CUSIP: 78486EAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9177000 | PA      | $9128884.07   | 0.16%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+359.8 1 11/15/2036 144A                                                         | CUSIP: 78486EAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15282000 | PA      | $15253346.25  | 0.26%             | 2036-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE 4% PFD PERP                                                                              | CUSIP: 74460W420<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     45700 | NS      | $740797.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 2.85% 01/15/2032                                                               | CUSIP: 78646UAB5<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |  18250000 | PA      | $16476941.14  | 0.28%             | 2032-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP                                                                 | SREIT TR 2021-MFP G TSFR1M+308.828 38 11/15/2038 144A                                                   | CUSIP: 78472UAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3249672 | PA      | $3247801.80   | 0.06%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP2                                                                | SREIT TR 2021-MFP2 TSFR1M+402.998 55 11/15/2036 144A                                                    | CUSIP: 85236WCU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10872000 | PA      | $10850450.61  | 0.19%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                                                      | CUBESMART LP 2.5% 02/15/2032                                                                            | CUSIP: 22966RAJ5<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8873410.20   | 0.15%             | 2032-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2021-CIP                                                           | BX COML MTG TR 2021-CIP F TSFR1M+333.348 73 11/15/2036 144A                                             | CUSIP: 12434FAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6852435 | PA      | $6852435.15   | 0.12%             | 2038-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2021-BNK38                                                                   | BANK 2021-BNK38 3.21677%/VAR 12/15/2064                                                                 | CUSIP: 06540EBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3505000 | PA      | $2937802.32   | 0.05%             | 2064-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-3 TR                                                      | HOME PARTNERS AMER 2021-3 TR 4.242% 01/17/2041 144A                                                     | CUSIP: 43730XAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9718541 | PA      | $9024603.37   | 0.15%             | 2041-01-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BXP TR 2021-601L                                                                  | BXP TR 2021-601L VAR 01/15/2044 144A                                                                    | CUSIP: 05607TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5754000 | PA      | $4614302.34   | 0.08%             | 2044-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+295 11/15/2036 144A                                                             | CUSIP: 78486EAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4985000 | PA      | $4978768.75   | 0.09%             | 2036-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE SER S 4.1% PFD PERP                                                                      | CUSIP: 74460W396<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    100000 | NS      | $1660000.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MHP 2022-MHIL F                                                                   | MHP 2022-MHIL F TSFR1M+325.92 01/15/2027 144A                                                           | CUSIP: 55293DAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3444000 | PA      | $3445076.25   | 0.06%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL F                                                                   | MHP 2022-MHIL F TSFR1M+395.75 01/15/2027 144A                                                           | CUSIP: 55293DAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11539200 | PA      | $11555358.34  | 0.20%             | 2027-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SUMIT 2022-BVUE MTG TR                                                            | SUMI TRUST CORE RMBS 2022-BVUE F CSTR 02/12/2041 144A                                                   | CUSIP: 865592AN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3211000 | PA      | $2371850.75   | 0.04%             | 2041-02-12      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SUMIT 2022-BVUE MTG TR                                                            | SUMIT 2022-BVUE MTG TR 3.29249% 02/12/2041 144A                                                         | CUSIP: 865592AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $4872297.60   | 0.08%             | 2041-02-12      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL MEZZ                                                                | MHP 2022-MHIL MEZZ SOFR+500 01/09/2027                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11444659 | PA      | $11158542.93  | 0.19%             | 2027-01-09      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                           | SBA COMMUNICATIONS CORP 3.125% 02/01/2029                                                               | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $23877793.75  | 0.41%             | 2029-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-VAMF                                                                   | BX TR 2022-VAMF TSFR1M+329.9 01/15/2039 144A                                                            | CUSIP: 05609TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4367000 | PA      | $4351118.09   | 0.07%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                                   | BX TR 2022-LBA6 TSFR1M+420 01/15/2039 144A                                                              | CUSIP: 12433EAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11340000 | PA      | $11344335.28  | 0.19%             | 2039-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                                   | BX TR 2022-LBA6 TSFR1M+335 01/15/2039 144A                                                              | CUSIP: 12433EAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6200000 | PA      | $6192250.00   | 0.11%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                                    | SMRT 2022-MINI TSFR1M+335 01/15/2039 144A                                                               | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14615000 | PA      | $14432312.50  | 0.25%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 4.15% 04/15/2032                                              | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $33793341.05  | 0.58%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 4.05% 03/15/2032                                                                    | CUSIP: 03027XBW9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  22000000 | PA      | $21432933.72  | 0.37%             | 2032-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 3.625% 04/15/2032                                                              | CUSIP: 02666TAE7<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |  27000000 | PA      | $25359263.73  | 0.43%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 4.3% 04/15/2052                                                                | CUSIP: 02666TAF4<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $6694351.55   | 0.11%             | 2052-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                       | EQUINIX INC 3.9% 04/15/2032                                                                             | CUSIP: 29444UBU9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |  28000000 | PA      | $26943806.96  | 0.46%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SUN CMNTYS OPER LTD PRTNRSHP                                                      | SUN CMNTYS OPER LTD PRTNRSHP 4.2% 04/15/2032                                                            | CUSIP: 866677AH0<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |  18439000 | PA      | $17896762.48  | 0.31%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 5.125% 05/15/2032                                                                    | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |  29000000 | PA      | $29178263.58  | 0.50%             | 2032-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 5.625% 05/15/2052                                                                    | CUSIP: 925650AE3<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |  24333000 | PA      | $22772417.40  | 0.39%             | 2052-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B35 MTG TR                                                         | BENCHMARK 2022-B35 MTG TR 4.59391% 05/15/2055                                                           | CUSIP: 08163RBV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $5688062.10   | 0.10%             | 2055-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK41                                                                   | BANK 2022-BNK41 CSTR 04/15/2065                                                                         | CUSIP: 06540MCA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4433000 | PA      | $3951939.71   | 0.07%             | 2065-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2022-BNK42 C CSTR 06/15/2055                                                                       | CUSIP: 06541MCF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6500000 | PA      | $5908474.65   | 0.10%             | 2055-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2017-BNK4 2.5% 06/15/2055 144A                                                                     | CUSIP: 06541MAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1463406.20   | 0.03%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C16                                                             | BBCMS MTG TR 2022-C16 CSTR 06/15/2055                                                                   | CUSIP: 05552YAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5250000 | PA      | $4442337.90   | 0.08%             | 2055-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2022-GC48                                                   | CITIGROUP COML MTG TR 2022-GC48 2.5% 06/15/2055 144A                                                    | CUSIP: 29426VAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1277854.60   | 0.02%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MHP 2021-STOR J TSFR1M+406.448 07/15/2038 144A                                                          | CUSIP: 55293BAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3476000 | PA      | $3461807.14   | 0.06%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-SFR2                                     | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-SFR2 4% 09/04/2039 144A                                        | CUSIP: 64830RAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2900000 | PA      | $2835659.73   | 0.05%             | 2039-09-04      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                                         | BENCHMARK 2022-B36 MTG TR 2.5% 07/15/2055 144A                                                          | CUSIP: 08163QAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3828000 | PA      | $2737321.65   | 0.05%             | 2055-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                                         | BENCHMARK 2022-B36 MTG TR 5.2895% 07/15/2055 144A                                                       | CUSIP: 08163QBP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1839406.80   | 0.03%             | 2055-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                               | KIMCO REALTY OP LLC 4.6% 02/01/2033                                                                     | CUSIP: 49446RBA6<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8965039.05   | 0.15%             | 2033-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 4.8% 10/01/2032                                                                                | CUSIP: 008513AD5<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |   1288000 | PA      | $1297854.46   | 0.02%             | 2032-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 C 5.45% 09/15/2055                                                                | CUSIP: 054976AL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1913247.40   | 0.03%             | 2055-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 D 2.5% 09/15/2055 144A                                                            | CUSIP: 054976AR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1494467.40   | 0.03%             | 2055-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER G 7.75%/VAR PFD PERP                                                           | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    320000 | NS      | $8044800.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON PROPERTIES LP                                                              | BOSTON PROPERTIES LP 6.75% 12/01/2027                                                                   | CUSIP: 10112RBG8<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |     37000 | PA      | $38658.55     | 0.00%             | 2027-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK44                                                                   | BANK 2022-BNK44 5.745654% 11/15/2055                                                                    | CUSIP: 06540KAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5173454.50   | 0.09%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 5% 01/11/2028                                                                          | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3046778.01   | 0.05%             | 2028-01-11      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.65% 03/15/2033                                                                    | CUSIP: 03027XBZ2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $21036300.00  | 0.36%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 5.85% 03/08/2053                                                                | CUSIP: 828807DV6<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |  19000000 | PA      | $19349237.29  | 0.33%             | 2053-03-08      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5.25% 06/15/2053                                                                            | CUSIP: 74340XCF6<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |  15500000 | PA      | $14745343.44  | 0.25%             | 2053-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 5.1% 05/01/2033                                                                        | CUSIP: 22822VBC4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30314529.00  | 0.52%             | 2033-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT                                     | CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT C 6.43808% 06/10/2028 144A                                | CUSIP: 17291NAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9750000 | PA      | $9886112.93   | 0.17%             | 2040-10-12      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2023-SMRT                                                   | CITIGROUP COML MTG TR 2023-SMRT 6.09935% 06/10/2028 144A                                                | CUSIP: 17291NAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5119302.50   | 0.09%             | 2040-10-12      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MSWF COML MTG TR 2023-1                                                           | MSWF COML MTG TR 2023-1 6.90553% 05/15/2056                                                             | CUSIP: 55376CAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3750000 | PA      | $3988478.63   | 0.07%             | 2056-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MSWF COML MTG TR 2023-1                                                           | MSWF COML MTG TR 2023-1 5.752% 05/15/2056                                                               | CUSIP: 55376CAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13861000 | PA      | $14680684.10  | 0.25%             | 2056-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.55% 07/15/2033                                                                    | CUSIP: 03027XCD0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  18250000 | PA      | $19064936.96  | 0.33%             | 2033-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C5 MTG TR                                                                | BMO 2023-C5 B MTG TR CSTR 06/15/2056                                                                    | CUSIP: 055988AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4750000 | PA      | $4986787.98   | 0.09%             | 2056-06-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MIRA TR 2023-MILE                                                                 | MIRA TR 2023-MILE 7.2026% 06/10/2038 144A                                                               | CUSIP: 55318EAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4200000 | PA      | $4278099.00   | 0.07%             | 2038-06-10      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 5.5% 07/01/2030                                                                  | CUSIP: 30225VAK3<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5202825.45   | 0.09%             | 2030-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2023-PRM3                                                   | CITIGROUP COML MTG TR 2023-PRM3 VAR 07/10/2028 144A                                                     | CUSIP: 17331LAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5163860.50   | 0.09%             | 2028-07-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                                 | CBRE SERVICES INC 5.95% 08/15/2034                                                                      | CUSIP: 12505BAG5<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |  16750000 | PA      | $17826425.35  | 0.31%             | 2034-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5.125% 01/15/2034                                                                           | CUSIP: 74340XCH2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5112122.00   | 0.09%             | 2034-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2023-SFR1 TRUST                                                | TRICON RESIDENTIAL 2023-SFR1 TRUST 8.25% 07/17/2040 144A                                                | CUSIP: 89616WAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2025590.60   | 0.03%             | 2040-07-17      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B39 C MTG TR                                                       | BENCHMARK 2023-B39 C MTG TR 6.19203% 07/15/2056 144A                                                    | CUSIP: 081925AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5095516.00   | 0.09%             | 2056-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OPERATING CO                                                       | PUBLIC STORAGE OPERATING CO 5.1% 08/01/2033                                                             | CUSIP: 74460WAG2<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5163148.95   | 0.09%             | 2033-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OPERATING CO                                                       | PUBLIC STORAGE OPERATING CO 5.35% 08/01/2053                                                            | CUSIP: 74460WAH0<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8213415.87   | 0.14%             | 2053-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BMO 2023-5C1 MTG TR                                                               | BMO 2023-5C1 MTG TR 7.25502% 08/15/2056                                                                 | CUSIP: 055986AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3692507.00   | 0.06%             | 2056-08-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 5.5% 08/15/2033                                               | CUSIP: 46188BAF9<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |  33000000 | PA      | $33849389.64  | 0.58%             | 2033-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                                   | BANK 2023-BNK46 6.385% 08/15/2056                                                                       | CUSIP: 06541DBN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5323541.50   | 0.09%             | 2056-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2023-SHIP                                                     | GS MTG SECS CORP TR 2023-SHIP CSTR 09/15/2038 144A                                                      | CUSIP: 36270GAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9000000 | PA      | $9007818.30   | 0.15%             | 2038-09-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                                   | BANK 2023-BNK46 A4 5.745% 08/15/2056                                                                    | CUSIP: 06541DBH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1409000 | PA      | $1486721.99   | 0.03%             | 2056-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                      | NNN REIT INC 5.6% 10/15/2033                                                                            | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   4689000 | PA      | $4887838.83   | 0.08%             | 2033-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2023-SHIP                                                     | GS MTG SECS CORP TR 2023-SHIP 7.68138% 09/10/2038 144A                                                  | CUSIP: 36270GAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13500000 | PA      | $13548963.15  | 0.23%             | 2038-09-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS CORP(REIT)                                                        | REGENCY CENTERS CORP REIT SER A 6.25% PFD PERP                                                          | CUSIP: 758849889<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |    281325 | NS      | $6597071.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP(REIT)                                                        | REGENCY CENTERS CORP(REIT) 5.875% PERP PFD                                                              | CUSIP: 758849871<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |     69225 | NS      | $1550640.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC 7.5% PFD PERP                                                                      | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    721484 | NS      | $17813439.96  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.9% 11/15/2033                                                                     | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8544366.16   | 0.15%             | 2033-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-C21                                                     | BBCMS MORTGAGE TRUST 2023-C21 AS VAR 09/15/2056                                                         | CUSIP: 05553WAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7508228.00   | 0.13%             | 2056-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC 7.375% PFD PERP E                                                                  | CUSIP: 379378607<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    379839 | NS      | $8869240.65   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-C21                                                     | BBCMS MORTGAGE TRUST 2023-C21 6.506144% 09/15/2056                                                      | CUSIP: 05553WAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7327233.20   | 0.13%             | 2056-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK5 2023-5YR3                                                                   | BANK5 2023-5YR3 AS 7.293% 09/15/2056                                                                    | CUSIP: 06211EAP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1601226.30   | 0.03%             | 2056-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK5 2023-5YR3                                                                   | BANK5 2023-5YR3 CSTR 09/15/2056                                                                         | CUSIP: 06211EAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2101616.80   | 0.04%             | 2056-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                               | KIMCO REALTY OP LLC 6.4% 03/01/2034                                                                     | CUSIP: 49447BAA1<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |   3424000 | PA      | $3767148.38   | 0.06%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2023-C22                                                             | BBCMS MTG TR 2023-C22 7.363626% 11/15/2056                                                              | CUSIP: 05554FAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10966903.00  | 0.19%             | 2056-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2023-C22                                                             | BBCMS MTG TR 2023-C22 VAR 11/15/2056                                                                    | CUSIP: 05554FAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10882686.00  | 0.19%             | 2056-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BMO 2023-5C2 MORTGAGE TRUST                                                       | BMO 2023-5C2 MORTGAGE TRUST CSTR 11/15/2056                                                             | CUSIP: 05610QAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10585260.00  | 0.18%             | 2056-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE FINANCE LLC                                                      | HILTON TERM B 1LN 11/08/2030                                                                            | CUSIP: 43289DAK9<br>LEI: 549300406TN7EY0NPH20 | Long             | LON              | CORP              | US        |  13500000 | PA      | $13554540.00  | 0.23%             | 2030-11-08      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                              | LXP INDUSTRIAL TRUST 6.75% 11/15/2028                                                                   | CUSIP: 529043AF8<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |    247000 | PA      | $261218.18    | 0.00%             | 2028-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 6.65% 01/15/2054                                                                | CUSIP: 828807DX2<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $16797617.55  | 0.29%             | 2054-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 6.25% 01/15/2034                                                                | CUSIP: 828807DW4<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5461462.50   | 0.09%             | 2034-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                                             | EG GLOBAL FINANCE PLC 12% 11/30/2028 144A                                                               | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $10823689.20  | 0.19%             | 2028-11-30      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                                   | BX TR 2022-LBA6 E TSFR1M+270 01/15/2039 144A                                                            | CUSIP: 12433EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15000000 | PA      | $15000000.00  | 0.26%             | 2039-01-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 6.75% 12/01/2033                                                           | CUSIP: 361841AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19500000 | PA      | $21126397.50  | 0.36%             | 2033-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2023-5C23                                                            | BBCMS MTG TR 2023-5C23 7.7032% 12/15/2056                                                               | CUSIP: 05493QAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2665223.75   | 0.05%             | 2056-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 5.9% 01/15/2031                                                                  | CUSIP: 30225VAR8<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9523494.45   | 0.16%             | 2031-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C7 MTG TR                                                                | BMO 2023-C7 AS MTG TR CSTR 12/15/2056                                                                   | CUSIP: 05593FAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5468535.50   | 0.09%             | 2056-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 5.6% 06/01/2029                                                                        | CUSIP: 22822VBD2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5190789.95   | 0.09%             | 2029-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 5.8% 03/01/2034                                                                        | CUSIP: 22822VBE0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  36000000 | PA      | $37723723.92  | 0.65%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 23-2                                               | MSWF COMMERCIAL MORTGAGE TRUST 23-2 6.491% 12/15/2056                                                   | CUSIP: 55361AAX2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10880383.00  | 0.19%             | 2056-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 23-2                                               | MSWF COMMERCIAL MORTGAGE TRUST 23-2 B 7.252% 12/15/2056                                                 | CUSIP: 55361AAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10831641.00  | 0.19%             | 2056-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DTP COML MTG TR 2023-STE2                                                         | DTP COML MTG TR 2023-STE2 C CSTR 01/15/2041 144A                                                        | CUSIP: 23346GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8800000 | PA      | $8998476.96   | 0.15%             | 2041-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER LLC                                               | HILTON GRAND VACATIONS TERM B 1LN 01/17/2031                                                            | CUSIP: 43283LAK7<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |   3940225 | PA      | $3904526.56   | 0.07%             | 2031-01-17      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 5.125% 02/15/2034                                                                    | CUSIP: 756109CG7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3576542.52   | 0.06%             | 2034-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REGENCY CTRS LP                                                                   | REGENCY CTRS LP 5.25% 01/15/2034                                                                        | CUSIP: 75884RBB8<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5129859.65   | 0.09%             | 2034-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                                  | BRIXMOR OPERATING PARTNERSHIP LP 5.5% 02/15/2034                                                        | CUSIP: 11120VAM5<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10268760.70  | 0.18%             | 2034-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SBA SENIOR FINANCE II LLC                                                         | SBA COMMUNICATIONS TERM B 1LN 1/25/2031                                                                 | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |  25480259 | PA      | $25549310.99  | 0.44%             | 2031-01-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP                                                              | KITE REALTY GROUP LP 5.5% 03/01/2034                                                                    | CUSIP: 49803XAE3<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |  14007000 | PA      | $14397619.23  | 0.25%             | 2034-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 5.4% 02/01/2034                                                                  | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15352710.75  | 0.26%             | 2034-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL4                                                           | BX COML MTG TR 2024-XL4 TSFR1M+418.81 02/15/2039 144A                                                   | CUSIP: 05611VAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4640176 | PA      | $4642043.13   | 0.08%             | 2039-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5% 03/15/2034                                                                               | CUSIP: 74340XCJ8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |  15574000 | PA      | $15819614.75  | 0.27%             | 2034-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5.25% 03/15/2054                                                                            | CUSIP: 74340XCK5<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7604258.72   | 0.13%             | 2054-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                         | CAESARS ENTERTAINMENT TERM B1 1LN 02/06/2031                                                            | CUSIP: 12768EAH9<br>LEI: 5299000BKFWWVND5L441 | Long             | LON              | CORP              | US        |   4357388 | PA      | $4322528.40   | 0.07%             | 2031-02-06      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 5.5% 02/01/2034                                                                | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25593994.50  | 0.44%             | 2034-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 4% 07/15/2029                                                                        | CUSIP: 756109CB8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2992674.18   | 0.05%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 3.4% 01/15/2030                                                                      | CUSIP: 756109CC6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6797508.48   | 0.12%             | 2030-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 6.1% 04/01/2034                                                                | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |  22410000 | PA      | $23822683.60  | 0.41%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL5                                                           | BX COML MTG TR 2024-XL5 E TSFR1M+368.835 03/15/2039 144A                                                | CUSIP: 05612GAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3570000 | PA      | $3566180.81   | 0.06%             | 2041-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.45% 02/15/2034                                                                    | CUSIP: 03027XCH1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  29000000 | PA      | $30041709.87  | 0.51%             | 2034-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 6.125% 04/01/2054                                                                    | CUSIP: 925650AG8<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |  23532000 | PA      | $23563142.95  | 0.40%             | 2054-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 5.75% 04/01/2034                                                                     | CUSIP: 925650AF0<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    575000 | PA      | $593289.34    | 0.01%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                                | ESSEX PORTFOLIO LP 5.5% 04/01/2034                                                                      | CUSIP: 29717PBA4<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |  22077000 | PA      | $22744959.06  | 0.39%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+241.448 08/15/2038 144A                                                         | CUSIP: 482606AN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5951129 | PA      | $5914283.38   | 0.10%             | 2038-08-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX 2024-CNYN                                                                      | BX 2024-CNYN E TSFR1M+368.86 04/05/2029 144A                                                            | CUSIP: 05612HAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12981797 | PA      | $13022236.78  | 0.22%             | 2041-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                               | RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 04/01/2032 144A                                                | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8273208.00   | 0.14%             | 2032-04-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-BPR2                                                 | MORGAN STANLEY CAP I TR 2024-BPR2 7.291% 05/05/2029 144A                                                | CUSIP: 61776EAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   8660960 | PA      | $9094908.98   | 0.16%             | 2029-05-05      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER  | PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER 7% 02/01/2030 144A     | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3115000 | PA      | $3209287.94   | 0.05%             | 2030-02-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 5.625% 06/15/2034                                                                              | CUSIP: 008513AE3<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |   7372000 | PA      | $7710813.95   | 0.13%             | 2034-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 5.75% 07/15/2034                              | CUSIP: 71845JAB4<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |  21507000 | PA      | $22483445.11  | 0.38%             | 2034-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-KING                                                          | BX COML MTG TR 2024-KING E TSFR1M+368.795 05/15/2039 144A                                               | CUSIP: 05612RAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1974012 | PA      | $1981415.05   | 0.03%             | 2034-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 5.625% 07/01/2034                                                           | CUSIP: 92277GAX5<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5214323.70   | 0.09%             | 2034-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 E TSFR1M+288.94 07/15/2029 144A                                                            | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14200000 | PA      | $14199957.40  | 0.24%             | 2041-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                      | NNN REIT INC 5.5% 06/15/2034                                                                            | CUSIP: 637417AT3<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4128421.48   | 0.07%             | 2034-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 F TSFR1M+393.788 07/15/2029 144A                                                           | CUSIP: 05612TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8250000 | PA      | $8259353.03   | 0.14%             | 2041-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| EQUINIX EUROPE 2 FINANCING CORP LLC                                               | EQUINIX EUROPE 2 FINANCING CORP LLC 5.5% 06/15/2034                                                     | CUSIP: 29390XAA2<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5164281.30   | 0.09%             | 2034-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                                                 | HYATT HOTELS CORP 5.5% 06/30/2034                                                                       | CUSIP: 448579AS1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5157134.95   | 0.09%             | 2034-06-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MCR 2024-TWA MTG TR                                                               | MCR 2024-TWA MTG TR 10.114% 06/12/2039 144A                                                             | CUSIP: 582923AF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5500000 | PA      | $5616083.00   | 0.10%             | 2039-06-12      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                             | SWITCH ABS ISSUER LLC 10.033% 06/25/2054 144A                                                           | CUSIP: 871044AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8000000 | PA      | $8281699.20   | 0.14%             | 2054-06-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-1CHI                                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-1CHI D VAR 07/15/2035 144A                                   | CUSIP: 95003PAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5250000 | PA      | $5321256.68   | 0.09%             | 2035-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                             | WILLIAMS SCOTSMAN INC 6.625% 06/15/2029 144A                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5169300.00   | 0.09%             | 2029-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 5.5% 07/15/2034                                                                | CUSIP: 02666TAH0<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48063.03     | 0.00%             | 2034-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                                      | WP CAREY INC 5.375% 06/30/2034                                                                          | CUSIP: 92936UAM1<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7202327.93   | 0.12%             | 2034-06-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTERNATIONAL INC                                                   | CHOICE HOTELS INTERNATIONAL INC 5.85% 08/01/2034                                                        | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7171737.23   | 0.12%             | 2034-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CONE TR 2024-DFW1                                                                 | CONE TR 2024-DFW1 E TSFR1M+388.79 08/15/2026 144A                                                       | CUSIP: 20682AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10200000 | PA      | $10192588.68  | 0.17%             | 2041-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5% 01/31/2035                                                                               | CUSIP: 74340XCN9<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5048164.55   | 0.09%             | 2035-01-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR B CSTR 07/05/2041 144A                                                                 | CUSIP: 29439DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5094358.00   | 0.09%             | 2041-07-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.625% 09/15/2034                                                          | CUSIP: 361841AT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17000000 | PA      | $17208981.00  | 0.29%             | 2034-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 6.25% 09/15/2054                                                           | CUSIP: 361841AU3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22000000 | PA      | $21816619.00  | 0.37%             | 2054-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2024-RVR                                                      | GS MTG SECS CORP TR 2024-RVR A VAR 08/10/2029 144A                                                      | CUSIP: 36272JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4300000 | PA      | $4358925.91   | 0.07%             | 2041-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 5.2% 09/01/2034                                                                        | CUSIP: 22822VBG5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30265219.50  | 0.52%             | 2034-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 5.35% 01/15/2035                                                                 | CUSIP: 30225VAT4<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8162180.72   | 0.14%             | 2035-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                           | UDR INC 5.125% 09/01/2034                                                                               | CUSIP: 90265EAW0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15099435.60  | 0.26%             | 2034-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 5.875% 03/15/2033 144A                                                 | CUSIP: 432833AR2<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3899256.00   | 0.07%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP LP                                         | AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.409% 09/12/2034                                             | CUSIP: 03063UAA9<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |  24400000 | PA      | $23923840.34  | 0.41%             | 2034-09-12      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 5% 01/15/2035                                                               | CUSIP: 92277GBA4<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4993204.25   | 0.09%             | 2035-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 4.95% 01/15/2035                              | CUSIP: 71845JAC2<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |  16021000 | PA      | $15743495.77  | 0.27%             | 2035-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LP                                                                  | ERP OPERATING LP 4.65% 09/15/2034                                                                       | CUSIP: 26884ABP7<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4937729.40   | 0.08%             | 2034-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP | RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP 6% 09/15/2049 144A    | CUSIP: 76134KAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10151000 | PA      | $9965350.39   | 0.17%             | 2049-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2024-OMNI                                       | J P MORGAN CHASE COML MTG SECS TR 2024-OMNI VAR 10/05/2039 144A                                         | CUSIP: 46593JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6544000 | PA      | $6480510.77   | 0.11%             | 2039-10-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CURBLINE PROPERTIES CORP                                                          | CURBLINE PROPERTIES CORP                                                                                | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    592918 | NS      | $14378261.50  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 4.75% 09/26/2034                                                                | CUSIP: 828807DY0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $17850353.76  | 0.31%             | 2034-09-26      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 4.875% 02/01/2035                                             | CUSIP: 46188BAG7<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4875949.30   | 0.08%             | 2035-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-NSTB                                                 | MORGAN STANLEY CAP I TR 2024-NSTB VAR 09/20/2032 144A                                                   | CUSIP: 61690BAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13568000 | PA      | $13093801.11  | 0.22%             | 2057-09-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SHR TR 2024-LXRY                                                                  | SHR TR 2024-LXRY D TSFR1M+350 10/15/2041 144A                                                           | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9376000 | PA      | $9469664.36   | 0.16%             | 2041-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NXPT COML MTG TR                                                                  | NXPT COML MTG TR 6.92673% 11/05/2041 144A                                                               | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18754000 | PA      | $18982496.86  | 0.33%             | 2041-11-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ROCC 2024-CNTR E                                                                  | ROCC 2024-CNTR E 8.81906% 11/13/2041 144A                                                               | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13372000 | PA      | $14217809.76  | 0.24%             | 2041-11-13      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 B CSTR 11/13/2046 144A                                                         | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6547000 | PA      | $6714848.71   | 0.11%             | 2046-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR TR 2024-PMDW                                                                  | BPR TR 2024-PMDW D VAR 11/05/2029 144A                                                                  | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4690000 | PA      | $4686343.21   | 0.08%             | 2041-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                        | BFLD COML MTG TR 2024-UNIV TSFR1M+269.09 11/15/2029 144A                                                | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7035000 | PA      | $7076770.31   | 0.12%             | 2041-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR COML MTG TR 2024-PK                                                           | BPR COML MTG TR 2024-PARK C VAR 11/05/2039 144A                                                         | CUSIP: 05593UAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5597000 | PA      | $5774682.92   | 0.10%             | 2039-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG TSFR1M+294.03 11/15/2034 144A                                  | CUSIP: 81631WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3917900 | PA      | $3925246.06   | 0.07%             | 2034-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG E TSFR1M+418.849 11/15/2034 144A                               | CUSIP: 81631WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4582200 | PA      | $4593655.50   | 0.08%             | 2034-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+294.018 11/15/2026 144A                                                        | CUSIP: 05593TAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4748600 | PA      | $4767891.11   | 0.08%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+393.874 11/15/2026 144A                                                        | CUSIP: 05593TAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15971308 | PA      | $15951933.67  | 0.27%             | 2041-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                                     | LGI HOMES INC 7% 11/15/2032 144A                                                                        | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   3905000 | PA      | $3808615.23   | 0.07%             | 2032-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 E CSTR 11/13/2046 144A                                                         | CUSIP: 05614JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10751942.00  | 0.18%             | 2046-11-13      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 5.4% 01/31/2035                                                                     | CUSIP: 03027XCM0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15415049.70  | 0.26%             | 2035-01-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 5.25% 03/15/2035                                                               | CUSIP: 02666TAJ6<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10025522.30  | 0.17%             | 2035-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                 | IRON MOUNTAIN INC 6.25% 01/15/2033 144A                                                                 | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |  21385000 | PA      | $21609350.04  | 0.37%             | 2033-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FONTAINEBLEAU MIAMI BEACH BEACH MTG TR 2024-FBLU                                  | FONTAINEBLEAU MIAMI BEACH BEACH MTG TR 2024-FBLU TSFR1M+570 12/15/2029 144A                             | CUSIP: 34461WAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3126000 | PA      | $3167415.12   | 0.05%             | 2039-12-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-C32                                                             | BBCMS MTG TR 2025-C32 5.72% 02/15/2062                                                                  | CUSIP: 07337AAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5328616.00   | 0.09%             | 2062-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A                                                       | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6285000 | PA      | $6733478.75   | 0.12%             | 2032-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-DIME                                                                | BX TRUST 2025-DIME VAR 02/15/2035 144A                                                                  | CUSIP: 05613UAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15000000 | PA      | $14981250.00  | 0.26%             | 2035-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SWCH COML MTG TR 2025-DATA                                                        | SWCH COML MTG TR 2025-DATA F TSFR1M+418.9 03/15/2042 144A                                               | CUSIP: 78489CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19400000 | PA      | $19189046.34  | 0.33%             | 2042-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| RIDE 2025-SHRE                                                                    | RIDE 2025-SHRE E VAR 02/14/2025 144A                                                                    | CUSIP: 765692AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5112679.50   | 0.09%             | 2047-02-14      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-ROIC                                                                | BX TRUST 2025-ROIC TSFR1M+294.129 03/15/2030 144A                                                       | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23133602 | PA      | $23046850.94  | 0.39%             | 2030-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-VLT6                                                                   | BX TR 2025-VLT6 F TSFR1M+393.966 03/15/2030 144A                                                        | CUSIP: 12433KAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15000000 | PA      | $14891760.00  | 0.25%             | 2042-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| KRE COML MTG TR 2025-AIP4                                                         | KRE COML MTG TR 2025-AIP4 E TSFR1M+300 03/15/2030 144A                                                  | CUSIP: 50077KAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4671875 | PA      | $4671636.27   | 0.08%             | 2042-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TEXAS COML MTG TR 2025-TWR                                                        | TEXAS COML MTG TR 2025-TWR TSFR1M+358.988 04/15/2042 144A                                               | CUSIP: 88231WAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1507500.00   | 0.03%             | 2042-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                           | NEW FORTRESS ENERGY TERM B 1LN 10/30/2028                                                               | CUSIP: N/A<br>LEI: 254900EICTYTCHA5X705       | Long             | LON              | CORP              | US        |   9850500 | PA      | $3829381.88   | 0.07%             | 2028-10-30      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| PRM5 TR 2025-PRM5                                                                 | PRM5 TR 2025-PRM5 E CSTR 03/10/2033 144A                                                                | CUSIP: 693980AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10056288.00  | 0.17%             | 2033-03-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 5.4% 06/15/2035                                                                  | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10209276.20  | 0.17%             | 2035-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                             | WILLIAMS SCOTSMAN INC 6.625% 04/15/2030 144A                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   3495000 | PA      | $3621207.95   | 0.06%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-SPOT                                            | BX TRUST 2025-SPOT E TSFR1M+344.054 04/15/2040 144A                                                     | CUSIP: 12433FAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16999539 | PA      | $17084501.48  | 0.29%             | 2040-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2025-800D                                       | GS MORTGAGE SECURITIES CORP TRUST 2025-800D B TSFR1M+315 11/17/2029 144A                                | CUSIP: 36273XAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4004266.40   | 0.07%             | 2041-11-25      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP LP                                         | AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.6% 05/15/2032                                               | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10132993.00  | 0.17%             | 2032-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 5.625% 04/01/2035                                                                    | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20380738.00  | 0.35%             | 2035-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 5.125% 04/15/2035                                                                    | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10161437.40  | 0.17%             | 2035-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARES TR 2025-IND3                                                                 | ARES TR 2025-IND3 E TSFR1M+355 04/15/2027 144A                                                          | CUSIP: 039955AL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7017500.00   | 0.12%             | 2042-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                                 | CBRE SERVICES INC 5.5% 06/15/2035                                                                       | CUSIP: 12505BAK6<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5153041.50   | 0.09%             | 2035-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                              | LAS VEGAS SANDS CORP 6% 06/14/2030                                                                      | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10432298.60  | 0.18%             | 2030-06-14      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5.25% 05/15/2035                                                                            | CUSIP: 74340XCR0<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7191091.60   | 0.12%             | 2035-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 4.95% 06/15/2030                                                               | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43556.59     | 0.00%             | 2030-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS LLC / FIDIUM FIBER FIN HOLDCO LLC                     | CONSOLIDATED COMMUNICATIONS LLC / FIDIUM FIBER FIN HOLDCO LLC 9.408% 05/20/2055 144A                    | CUSIP: 209031AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7000000 | PA      | $7388070.20   | 0.13%             | 2055-05-20      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                               | RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 06/15/2033 144A                                                | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5575000 | PA      | $5779000.40   | 0.10%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-TAIL                                                                   | BX TR 2025-TAIL E TSFR1M+330 06/15/2035 144A                                                            | CUSIP: 123912AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4501167.30   | 0.08%             | 2035-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX 2025-LUNR A                                                                    | BX 2025-LUNR E TSFR1M+395 06/15/2030 144A                                                               | CUSIP: 05594CAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3417727 | PA      | $3426271.55   | 0.06%             | 2040-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| NCMF TR 2025-MFS                                                                  | NCMF TR 2025-MFS F VAR 06/10/2033 144A                                                                  | CUSIP: 62887TAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5083780.00   | 0.09%             | 2033-06-10      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST 2025-EWEST                                                             | BFLD TRUST 2025-EWEST VAR 06/15/2042 144A                                                               | CUSIP: 05494JAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5009546.50   | 0.09%             | 2042-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LINEAGE OP LP                                                                     | LINEAGE OP LP 5.25% 07/15/2030 144A                                                                     | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $10589406.77  | 0.18%             | 2030-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 5.25% 08/15/2032                              | CUSIP: 71845JAD0<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10236447.60  | 0.18%             | 2032-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WHARF 2025-DC E                                                                   | WHARF 2025-DC E 7.85642% 07/15/2040 144A                                                                | CUSIP: 92987LAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10190741.00  | 0.17%             | 2040-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PRM TR 2025-PRM6                                                                  | PRM TR 2025-PRM6 E VAR 07/05/2033 144A                                                                  | CUSIP: 74277DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12000000 | PA      | $12060966.00  | 0.21%             | 2033-07-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP                                                              | KITE REALTY GROUP LP 5.2% 08/15/2032                                                                    | CUSIP: 49803XAG8<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $18387576.90  | 0.31%             | 2032-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ                                            | VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ C VAR 07/13/2044 144A                                            | CUSIP: 91825CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7119858.90   | 0.12%             | 2044-07-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ                                            | VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ D VAR 07/13/2044 144A                                            | CUSIP: 91825CAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5103931.00   | 0.09%             | 2044-07-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                                  | WELLTOWER OP LLC 5.125% 07/01/2035                                                                      | CUSIP: 95041AAG3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $14215531.82  | 0.24%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 5.75% 09/15/2033 144A                                                  | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |  12510000 | PA      | $12744562.50  | 0.22%             | 2033-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CUSHMAN and WAKEFIELD US BORROWER LLC                                             | CUSHMAN and WAKEFIELD TERM B3 1LN 01/31/2030                                                            | CUSIP: 23340DAW2<br>LEI: 549300870CMN3WI5IF97 | Long             | LON              | CORP              | US        |   1940775 | PA      | $1951701.56   | 0.03%             | 2030-01-31      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC REIT                                                      | MILLROSE PROPERTIES INC REIT 6.375% 08/01/2030 144A                                                     | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4715000 | PA      | $4812529.78   | 0.08%             | 2030-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 5.125% 10/01/2035                                                               | CUSIP: 828807EA1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5060523.70   | 0.09%             | 2035-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                                                      | CUBESMART LP 5.125% 11/01/2035                                                                          | CUSIP: 22966RAK2<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9993083.00   | 0.17%             | 2035-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.25% 02/15/2033                                                           | CUSIP: 361841AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10018600.00  | 0.17%             | 2033-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MHP 2025-MHIL2                                                                    | MHP 2025-MHIL2 TSFR1M+350 09/15/2030 144A                                                               | CUSIP: 59317DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5250000 | PA      | $5247886.35   | 0.09%             | 2040-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.75% 11/01/2037                                                           | CUSIP: 361841AW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6660000 | PA      | $6606596.12   | 0.11%             | 2037-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CENTURY CMNTYS INC                                                                | CENTURY COMMUNITIES INC 6.625% 09/15/2033 144A                                                          | CUSIP: 156504AN2<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   9710000 | PA      | $9834006.41   | 0.17%             | 2033-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER H PFD PERP                                                                     | CUSIP: 00123Q831<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    300000 | NS      | $7785000.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                                  | BRIXMOR OPERATING PARTNERSHIP LP 4.85% 02/15/2033                                                       | CUSIP: 11120VAP8<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44900.06     | 0.00%             | 2033-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC REIT                                                      | MILLROSE PROPERTIES INC REIT 6.25% 09/15/2032 144A                                                      | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9710000 | PA      | $9819519.09   | 0.17%             | 2032-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SCG TRUST 2025-SNIP                                                               | SCG TRUST 2025-SNIP 7.65% 09/15/2042 144A                                                               | CUSIP: 78398JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3015000.00   | 0.05%             | 2042-09-15      | Floating      | 0.07%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                                           | UNITI GROUP TERM B 1LN 10/6/2032                                                                        | CUSIP: 97381JAK9<br>LEI: 549300L3SXBFJVGRCF66 | Long             | LON              | CORP              | US        |   9740000 | PA      | $9740000.00   | 0.17%             | 2032-10-06      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CUSHMAN and WAKEFIELD US BORROWER LLC                                             | CUSHMAN and WAKEFIELD TERM B2 1LN 01/31/2030                                                            | CUSIP: 23340DAX0<br>LEI: 549300870CMN3WI5IF97 | Long             | LON              | CORP              | US        |   2215791 | PA      | $2221330.92   | 0.04%             | 2030-01-31      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                                           | WINDSTREAM SERVICES LLC 7.5% 10/15/2033 144A                                                            | CUSIP: 97382BAB5<br>LEI: 549300L3SXBFJVGRCF66 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5162266.20   | 0.09%             | 2033-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                              | EXTENDED STAY AMERICA TRUST 2025-ESH E TSFR1M+335 10/15/2042 144A                                       | CUSIP: 30227TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $8095000.00   | 0.14%             | 2042-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                              | EXTENDED STAY AMERICA TRUST 2025-ESH F TSFR1M+410 10/15/2042 144A                                       | CUSIP: 30227TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $6075000.00   | 0.10%             | 2042-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-OMG                                                                    | BX TR 2025-OMG VAR 10/15/2027 144A                                                                      | CUSIP: 05619HAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2000800.00   | 0.03%             | 2042-10-15      | Variable      | 0.07%                 | No            |                  3 | On Loan: No      |
| BX TR 2025-OMG                                                                    | BX TR 2025-OMG E TSFR1M+295 10/15/2027 144A                                                             | CUSIP: 05619HAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9000000 | PA      | $9003600.00   | 0.15%             | 2042-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-C65                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-C65 5.967% 10/15/2058                                        | CUSIP: 95004WAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7238151.90   | 0.12%             | 2058-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PRM7 TRUST 2025-PRM7                                                              | PRM7 TRUST 2025-PRM7 VAR 11/10/2042 144A                                                                | CUSIP: 74290HAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3961075.20   | 0.07%             | 2042-11-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                                  | WULF COMPUTE LLC 7.75% 10/15/2030 144A                                                                  | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11085000 | PA      | $11561876.70  | 0.20%             | 2030-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BRES COML MTG TR 2025-ATCAP                                                       | BRES COML MTG TR 2025-ATCAP TSFR1M+364.076 11/15/2042 144A                                              | CUSIP: 05619GAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $10024470.00  | 0.17%             | 2042-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                                   | TAYLOR MORRISON COMMUNITIES INC 5.75% 11/15/2032 144A                                                   | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   4715000 | PA      | $4839570.30   | 0.08%             | 2032-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                                                | CIPHER COMPUTE LLC 7.125% 11/15/2030 144A                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3645000 | PA      | $3755848.10   | 0.06%             | 2030-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ELP 2025-ELP                                                                      | ELP 2025-ELP E VAR 11/13/2042 144A                                                                      | CUSIP: 290154AJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8965000 | PA      | $9135118.94   | 0.16%             | 2042-11-13      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CNSL 2025-4A                                                                      | CNSL 2025-4A C 8.449846% 12/20/2055 144A                                                                | CUSIP: 315961AE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7500000 | PA      | $7749006.75   | 0.13%             | 2055-12-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 5.5% 03/31/2034 144A                                                   | CUSIP: 432833AT8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   9360000 | PA      | $9405152.64   | 0.16%             | 2034-03-31      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NYC COML MTG TR 2025-77C                                                          | NYC COML MTG TR 2025-77C 4.93833%/VAR 01/10/2038 144A                                                   | CUSIP: 67123LAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2285000 | PA      | $2297031.21   | 0.04%             | 2036-01-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NYC COML MTG TR 2025-77C                                                          | NYC COML MTG TR 2025-77C E VAR 01/10/2038 144A                                                          | CUSIP: 67123LAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4590000 | PA      | $4634433.95   | 0.08%             | 2036-01-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| LMDV ISSUER CO LLC                                                                | LMDV ISSUER CO LLC 0% 12/15/2055 144A                                                                   | CUSIP: 538908AE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5500000 | PA      | $5593059.45   | 0.10%             | 2055-12-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2025-BNK51                                                                   | BANK 2025-BNK51 5.904% 12/25/2067                                                                       | CUSIP: 06541HAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4090295.20   | 0.07%             | 2067-12-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| FLASH COMPUTE LLC                                                                 | FLASH COMPUTE LLC 7.25% 12/31/2030 144A                                                                 | CUSIP: 33853QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9420000 | PA      | $9451962.06   | 0.16%             | 2030-12-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP                                                                     | CQP HOLDCO TERM B 1LN 12/31/2032                                                                        | CUSIP: 12657QAF0<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |   9875437 | PA      | $9828824.96   | 0.17%             | 2032-12-31      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMER TR 2026-ESH2                                                   | EXTENDED STAY AMER TR 2026-ESH2 7.67% 02/15/2043 144A                                                   | CUSIP: 30227WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5645000 | PA      | $5701450.00   | 0.10%             | 2043-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer