# EDGAR Filing Document

**Accession Number:** 0001886172
**File Stem:** 0002071691-26-012533
**Filing Date:** 2026-5
**Character Count:** 116534
**Document Hash:** 949dc73400d0207f317d3bd8bf011c16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-012533.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0002071691-26-012533

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DoubleLine ETF Trust
- **CENTRAL INDEX KEY:** 0001886172

**ORGANIZATION NAME:**
- **EIN:** 876641637
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23746
- **FILM NUMBER:** 261031145

**BUSINESS ADDRESS:**
- **STREET 1:** 2002 NORTH TAMPA STREET
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
- **BUSINESS PHONE:** (213) 633-8200

**MAIL ADDRESS:**
- **STREET 1:** 2002 NORTH TAMPA STREET
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602

## Series and Classes Contracts Data

### DoubleLine Commercial Real Estate Debt ETF (Series ID: S000080054)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000241667 | DoubleLine Commercial Real Estate Debt ETF | DCRE            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DoubleLine ETF Trust

- **b. Investment Company Act file number:** 811-23746

- **c. CIK number of Registrant:** 0001886172

- **d. LEI of Registrant:** 549300TPCA72X7FKG626

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

  - **Street Address 1:** 2002 North Tampa Street Suite 200

  - **City:** Tampa

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33602

  - **Telephone number:** 813-791-7333

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

- **a. Name of Series:** DoubleLine Commercial Real Estate Debt ETF

- **b. EDGAR series identifier (if any):** S000080054

- **c. LEI of Series:** 549300GVECK72DWOE818

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $418864501.15

**Total Liabilities:** $12932086.12

**Net Assets:** $405932415.03

**Delayed Delivery Securities:** $12775741.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1266.00000000 | **1-Year:** 37440.00000000 | **5-Year:** 48310.00000000 | **10-Year:** 218.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241667 | 0.50%                | 0.72%                | -0.44%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14853.63               | $234266.64                                 |
| Month 2  | $547333.03               | $672494.72                                 |
| Month 3  | $-321296.22              | $-2667039.62                               |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** Fund's Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BX Mortgage Trust                                      | BX Mortgage Trust, Series 2021-PAC, Class A                                       | CUSIP: 05609PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1496790.15   | 0.37%             | 2036-10-15      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2023-5C23, Class A3                                  | CUSIP: 05493QAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $3402388.93   | 0.84%             | 2056-12-15      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2019-B15, Class A2                               | CUSIP: 08160KAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668274 | PA      | $645966.36    | 0.16%             | 2072-12-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                         | Morgan Stanley Capital I Trust, Series 2019-H7, Class ASB                         | CUSIP: 61771MAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2838462 | PA      | $2789864.42   | 0.69%             | 2052-07-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2026-1250B, Class A                 | CUSIP: 949939AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $991229.30    | 0.24%             | 2041-03-10      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class A3                  | CUSIP: 95003VAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1552253.40   | 0.38%             | 2057-07-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust             | JPMCC Commercial Mortgage Securities Trust, Series 2019-COR5, Class A3            | CUSIP: 46591EAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1923138.00   | 0.47%             | 2052-06-13      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DBJPM Mortgage Trust                                   | DBJPM Mortgage Trust, Series 2020-C9, Class A3                                    | CUSIP: 233063AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2886677 | PA      | $2700733.26   | 0.67%             | 2053-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund             | JPMorgan U.S. Government Money Market Fund - Class IM                             | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |  24672072 | NS      | $24672072.35  | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V19, Class XA                               | CUSIP: 08164DAP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20633000 | PA      | $953812.01    | 0.23%             | 2058-01-15      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140NYWP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2034436.84   | 0.50%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                       | TRTX Issuer Ltd., Series 2022-FL5, Class B                                        | CUSIP: 87277JAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3005547.00   | 0.74%             | 2039-02-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2026-B42, Class A1                               | CUSIP: 08164FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3978445.60   | 0.98%             | 2059-03-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140NYGM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2473368 | PA      | $2493965.50   | 0.61%             | 2030-05-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust, Series 2018-C13, Class A3                          | CUSIP: 90353KAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    294424 | PA      | $292032.40    | 0.07%             | 2051-10-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class XA                  | CUSIP: 949931AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20639726 | PA      | $839731.39    | 0.21%             | 2058-05-15      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2026-XL6, Class C                            | CUSIP: 12433NAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1986337.60   | 0.49%             | 2043-03-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust             | JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class A3              | CUSIP: 46591AAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500381 | PA      | $494644.02    | 0.12%             | 2051-06-15      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| NJ Trust                                               | NJ Trust, Series 2025-WBRK, Class A                                               | CUSIP: 65486BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2056992.00   | 0.51%             | 2035-03-05      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2017-GS5, Class A3                           | CUSIP: 36252HAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3117886 | PA      | $3099058.19   | 0.76%             | 2050-03-10      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust, Series 2018-C8, Class A3                           | CUSIP: 90276VAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600366 | PA      | $1576707.27   | 0.39%             | 2051-02-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN32, Class ASB                                                 | CUSIP: 06542BBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1044735 | PA      | $993930.87    | 0.24%             | 2054-04-15      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN37, Class A1                                                  | CUSIP: 06540LAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     86987 | PA      | $86349.19     | 0.02%             | 2064-11-15      | Fixed         | 1.19%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-5C5, Class A3                  | CUSIP: 95004MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4128976.00   | 1.02%             | 2058-07-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2023-V2, Class A2                                | CUSIP: 08163TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    774878 | PA      | $782988.50    | 0.19%             | 2055-05-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C34, Class XA                                  | CUSIP: 07337BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19622738 | PA      | $839248.80    | 0.21%             | 2058-05-15      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C4, Class A1                                     | CUSIP: 09660SAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1357246 | PA      | $1382407.90   | 0.34%             | 2057-05-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2024-AIRC, Class A                           | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1751847 | PA      | $1755722.09   | 0.43%             | 2041-08-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2025-5YR17, Class XA                                                | CUSIP: 06211GAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19595846 | PA      | $914346.10    | 0.23%             | 2058-11-15      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140NYWN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2539131.65   | 0.63%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-C11, Class A1                                     | CUSIP: 05613XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1707832 | PA      | $1724467.84   | 0.42%             | 2058-02-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C5, Class A1                                     | CUSIP: 05593RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    372760 | PA      | $372802.11    | 0.09%             | 2057-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2019-GC39, Class A3                          | CUSIP: 36260JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    221646 | PA      | $215099.46    | 0.05%             | 2052-05-10      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                            | BANK5 Trust, Series 2024-5YR6, Class A1                                           | CUSIP: 066043AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1412250 | PA      | $1436285.29   | 0.35%             | 2057-05-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR8, Class A1                                                 | CUSIP: 065923AS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1351738 | PA      | $1365145.87   | 0.34%             | 2057-08-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                              | Commercial Mortgage Trust, Series 2016-COR1, Class A4                             | CUSIP: 12594MBC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2483389.75   | 0.61%             | 2049-10-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V14, Class A1                               | CUSIP: 08164BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1665171 | PA      | $1676377.88   | 0.41%             | 2057-04-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140Q0CB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2522620.20   | 0.62%             | 2030-08-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR12, Class A3                                                | CUSIP: 06644XBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3637049.85   | 0.90%             | 2057-12-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL3, Class AS                                              | CUSIP: 36264BAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1960423 | PA      | $1963837.81   | 0.48%             | 2035-07-16      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| BAMLL Commercial Mortgage Securities Trust             | BAMLL Commercial Mortgage Securities Trust, Series 2015-HAUL, Class B             | CUSIP: 05526WAJ2<br>LEI: 5493001M1XQ4INMTAE48 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1954057.40   | 0.48%             | 2043-07-07      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                        | WFRBS Commercial Mortgage Trust, Series 2014-C22, Class B                         | CUSIP: 92890KBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $936057.20    | 0.23%             | 2057-09-15      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR9, Class A3                                                 | CUSIP: 06644VBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1028631.20   | 0.25%             | 2057-08-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2025-5YR19, Class XA                                                | CUSIP: 05494RBR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19957000 | PA      | $941351.76    | 0.23%             | 2058-12-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer LLC                                       | BSPDF Issuer LLC, Series 2025-FL2, Class A                                        | CUSIP: 05615KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003046.00   | 0.25%             | 2042-12-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| DTP Commercial Mortgage Trust                          | DTP Commercial Mortgage Trust, Series 2023-STE2, Class B                          | CUSIP: 23346GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2004208.20   | 0.49%             | 2041-01-15      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-C12, Class A1                                     | CUSIP: 05615DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    897214 | PA      | $901288.54    | 0.22%             | 2058-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-LGCY, Class B                                               | CUSIP: 12434DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $999214.10    | 0.25%             | 2036-10-15      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| BDS LLC                                                | BDS LLC, Series 2025-FL16, Class C                                                | CUSIP: 05556XAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1997018.00   | 0.49%             | 2043-06-19      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2026-C66, Class A1                  | CUSIP: 95005CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4004916.00   | 0.99%             | 2059-04-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C9, Class A1                                     | CUSIP: 096933AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    925020 | PA      | $929770.75    | 0.23%             | 2058-04-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-21M, Class A                            | CUSIP: 05609CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    267766 | PA      | $267632.91    | 0.07%             | 2036-10-15      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                         | MSWF Commercial Mortgage Trust, Series 2023-1, Class A1                           | CUSIP: 55376CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1224166 | PA      | $1233299.89   | 0.30%             | 2056-05-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2023-5YR1, Class A3                                                 | CUSIP: 06644EAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3081221.40   | 0.76%             | 2056-04-15      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| AREIT LLC                                              | AREIT LLC, Series 2025-CRE11, Class A                                             | CUSIP: 04002DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3005379.00   | 0.74%             | 2043-07-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2022-BNK39, Class A1                                                 | CUSIP: 06539VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    312857 | PA      | $309499.41    | 0.08%             | 2055-02-15      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR5, Class A3                                                 | CUSIP: 065931AZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3880199 | PA      | $3980563.13   | 0.98%             | 2029-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                             | CSMC Trust, Series 2016-NXSR, Class A4                                            | CUSIP: 12594PAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1439472 | PA      | $1434165.65   | 0.35%             | 2049-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-RISE, Class B                                               | CUSIP: 12434EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1267994 | PA      | $1267889.55   | 0.31%             | 2036-11-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes LLC          | Arbor Realty Commercial Real Estate Notes LLC, Series 2026-FL1, Class A           | CUSIP: 03881XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1456000 | PA      | $1457815.63   | 0.36%             | 2043-09-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C10, Class XA                                    | CUSIP: 05615BAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17430332 | PA      | $825678.30    | 0.20%             | 2058-05-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| AREIT LLC                                              | AREIT LLC, Series 2022-CRE7, Class A                                              | CUSIP: 00217VAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    360131 | PA      | $360778.61    | 0.09%             | 2039-06-17      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2017-C1, Class ASB                                   | CUSIP: 07332VBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33975 | PA      | $33826.44     | 0.01%             | 2050-02-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2023-5YR2, Class AS                                                 | CUSIP: 06211CAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3135711.00   | 0.77%             | 2056-07-15      | Variable      | 7.14%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                   | LoanCore Issuer Ltd., Series 2021-CRE6, Class A                                   | CUSIP: 53948HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    101093 | PA      | $101349.35    | 0.02%             | 2038-11-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2023-5YR2, Class A3                                                 | CUSIP: 06211CAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3115584.00   | 0.77%             | 2056-07-15      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2026-5C8, Class XA                  | CUSIP: 95005BAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  42062000 | PA      | $2461994.02   | 0.61%             | 2059-03-15      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                  | Cantor Commercial Real Estate Lending, Series 2019-CF3, Class A4                  | CUSIP: 12529TAX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $187287.58    | 0.05%             | 2053-01-15      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                        | CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A1                        | CUSIP: 12597NAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19051 | PA      | $17378.90     | 0.00%             | 2053-03-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                         | 280 Park Avenue Mortgage Trust, Series 2017-280P, Class A                         | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1492877.10   | 0.37%             | 2034-09-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.         | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A          | CUSIP: 03880RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1800538 | PA      | $1802806.31   | 0.44%             | 2036-11-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| EQUS Mortgage Trust                                    | EQUS Mortgage Trust, Series 2021-EQAZ, Class B                                    | CUSIP: 29478JAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1510696 | PA      | $1510532.14   | 0.37%             | 2038-10-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| KIND Commercial Mortgage Trust                         | KIND Commercial Mortgage Trust, Series 2024-1, Class A                            | CUSIP: 494925AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1501247.10   | 0.37%             | 2041-08-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                        | CSAIL Commercial Mortgage Trust, Series 2017-CX9, Class A4                        | CUSIP: 12595FAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1962263 | PA      | $1940636.28   | 0.48%             | 2050-09-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class A1                  | CUSIP: 95003VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    926082 | PA      | $933448.55    | 0.23%             | 2057-07-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2019-IMC, Class A                            | CUSIP: 05608BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    409752 | PA      | $407772.61    | 0.10%             | 2034-04-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2019-BN19, Class A2                                                  | CUSIP: 06540WBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    969015 | PA      | $927710.56    | 0.23%             | 2061-08-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2026-5YR21, Class A1                                                | CUSIP: 06644BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3109000 | PA      | $3114933.53   | 0.77%             | 2059-04-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I                               | Morgan Stanley Capital I, Series 2017-HR2, Class A3                               | CUSIP: 61691NAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1608660 | PA      | $1581034.51   | 0.39%             | 2050-12-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C7, Class A1                                     | CUSIP: 09660WAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    963822 | PA      | $969275.26    | 0.24%             | 2057-11-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2024-C63, Class A1                  | CUSIP: 94990FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1807339 | PA      | $1817439.61   | 0.45%             | 2057-08-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Key Commercial Mortgage Securities Trust               | Key Commercial Mortgage Securities Trust, Series 2018-S1, Class A3                | CUSIP: 49307WAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1156820 | PA      | $1143905.10   | 0.28%             | 2053-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LMNT CRE LLC                                           | LMNT CRE LLC, Series 2025-FL3, Class C                                            | CUSIP: 50208TAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3036948.00   | 0.75%             | 2043-07-21      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140NVEB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4500000 | PA      | $4593485.88   | 1.13%             | 2029-06-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                              | FS Rialto, Series 2021-FL3, Class A                                               | CUSIP: 30323CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    837320 | PA      | $839102.17    | 0.21%             | 2036-11-16      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2023-BNK46, Class A1                                                 | CUSIP: 06541DBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1130048 | PA      | $1143353.77   | 0.28%             | 2056-08-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                  | FHLMC, Multifamily Structured Pass-Through Certificates, Series K094, Class A1    | CUSIP: 3137FMTX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2987756 | PA      | $2923810.55   | 0.72%             | 2029-04-25      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL4, Class B                                               | CUSIP: 36262TAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996914.00    | 0.25%             | 2036-12-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR10, Class A3                                                | CUSIP: 06604AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1529404.65   | 0.38%             | 2057-10-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer LLC                                       | BSPRT Issuer LLC, Series 2026-FL13, Class A                                       | CUSIP: 05620GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2506250.00   | 0.62%             | 2043-10-18      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust            | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL7, Class A             | CUSIP: 55284AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    230767 | PA      | $231015.80    | 0.06%             | 2036-10-16      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V13, Class A1                               | CUSIP: 08164AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $302464.98    | 0.07%             | 2058-02-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-LBA, Class DJV                                              | CUSIP: 05609BAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320000 | PA      | $319902.91    | 0.08%             | 2036-02-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                         | MSWF Commercial Mortgage Trust, Series 2023-2, Class A2                           | CUSIP: 55361AAR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1753732 | PA      | $1824886.44   | 0.45%             | 2056-12-15      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                   | LoanCore Issuer Ltd., Series 2021-CRE5, Class AS                                  | CUSIP: 53947XAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    512126 | PA      | $514730.00    | 0.13%             | 2036-07-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2026-5YR21, Class XA                                                | CUSIP: 06644BBC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  47490000 | PA      | $1668480.42   | 0.41%             | 2059-04-15      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                         | Morgan Stanley Capital I Trust, Series 2019-L2, Class XA                          | CUSIP: 61768HAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7759879 | PA      | $184220.30    | 0.05%             | 2052-03-15      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2021-FL2, Class A                                               | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    837029 | PA      | $839010.98    | 0.21%             | 2039-02-15      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                              | FS Rialto, Series 2021-FL3, Class C                                               | CUSIP: 30323CAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1304472.00   | 0.32%             | 2036-11-16      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust     | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C2, Class XA     | CUSIP: 61779RBV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  27505000 | PA      | $1402342.43   | 0.35%             | 2058-11-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| MF1 Ltd.                                               | MF1 Ltd., Series 2022-FL8, Class AS                                               | CUSIP: 55284JAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1430000 | PA      | $1431159.73   | 0.35%             | 2037-02-19      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V10, Class A1                               | CUSIP: 08163UAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    167341 | PA      | $166955.34    | 0.04%             | 2057-09-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| MF1 Ltd.                                               | MF1 Ltd., Series 2022-FL8, Class A                                                | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2530539 | PA      | $2533689.37   | 0.62%             | 2037-02-19      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                      | 1211 Avenue of the Americas Trust, Series 2015-1211, Class A1A2                   | CUSIP: 90117PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1533800.00   | 0.38%             | 2035-08-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA, Other                                                                       | CUSIP: 3140NUG60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6149000 | PA      | $6271464.90   | 1.54%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V5, Class A1                                | CUSIP: 08163XAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215205 | PA      | $217176.02    | 0.05%             | 2057-01-10      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust             | JPMCC Commercial Mortgage Securities Trust, Series 2017-JP5, Class A5             | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1640000 | PA      | $1630636.58   | 0.40%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-ACNT, Class C                           | CUSIP: 05609QAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    448231 | PA      | $448068.35    | 0.11%             | 2038-11-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V15, Class A1                               | CUSIP: 08164CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    876376 | PA      | $879143.65    | 0.22%             | 2058-06-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2021-FL2, Class C                                               | CUSIP: 48275RAG2<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99883.40     | 0.02%             | 2039-02-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR7, Class A1                                                 | CUSIP: 06211UBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    608696 | PA      | $616491.81    | 0.15%             | 2057-06-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V12, Class A1                               | CUSIP: 081915AR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157317 | PA      | $158597.75    | 0.04%             | 2057-12-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2018-B7, Class A3                                | CUSIP: 08162TBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $495679.50    | 0.12%             | 2053-05-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C12, Class XA                                    | CUSIP: 09663VAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15840769 | PA      | $914066.25    | 0.23%             | 2058-10-15      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-5C7, Class XA                  | CUSIP: 95004XAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16135512 | PA      | $951674.13    | 0.23%             | 2058-12-15      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2019-UES, Class A  | CUSIP: 46651CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331457 | PA      | $1328128.44   | 0.33%             | 2032-05-05      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                              | STWD Ltd., Series 2021-FL2, Class AS                                              | CUSIP: 78486BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3002877.00   | 0.74%             | 2038-04-18      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                            | AREIT Trust, Series 2022-CRE6, Class A                                            | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1482478 | PA      | $1484722.37   | 0.37%             | 2037-01-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2026-CART, Class C                                               | CUSIP: 12433MAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1960000 | PA      | $1946910.92   | 0.48%             | 2036-02-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust             | JPMCC Commercial Mortgage Securities Trust, Series 2017-JP5, Class A4             | CUSIP: 46647TAR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137082 | PA      | $136734.56    | 0.03%             | 2050-03-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2024-C24, Class A1                                   | CUSIP: 07336VAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1161282 | PA      | $1167838.03   | 0.29%             | 2057-02-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| INCREF LLC                                             | INCREF LLC, Series 2025-FL1, Class A                                              | CUSIP: 45339NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2506585.00   | 0.62%             | 2042-10-19      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                              | STWD Ltd., Series 2022-FL3, Class A                                               | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    164364 | PA      | $164561.42    | 0.04%             | 2038-11-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2013-GC13, Class AS                          | CUSIP: 36198EAP0<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |    123282 | PA      | $122385.95    | 0.03%             | 2046-07-10      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL4, Class AS                                              | CUSIP: 36262TAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1320000 | PA      | $1322782.56   | 0.33%             | 2036-12-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2018-BN14, Class A2                                                  | CUSIP: 06035RAP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    334922 | PA      | $332841.31    | 0.08%             | 2060-09-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2026-5C40, Class A1                                  | CUSIP: 05557AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2952729 | PA      | $2933743.35   | 0.72%             | 2059-02-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| SMRT                                                   | SMRT, Series 2022-MINI, Class B                                                   | CUSIP: 78457JAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1098944.44   | 0.27%             | 2039-01-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                    | Citigroup Commercial Mortgage Trust, Series 2019-GC43, Class AAB                  | CUSIP: 17328HBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1069340 | PA      | $1040475.20   | 0.26%             | 2052-11-10      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2023-C4, Class A1                                      | CUSIP: 05610CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    277510 | PA      | $278080.35    | 0.07%             | 2056-02-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trust                        | CFCRE Commercial Mortgage Trust, Series 2016-C4, Class AHR                        | CUSIP: 12531YAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2123831 | PA      | $2118766.38   | 0.52%             | 2058-05-10      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP3, Class A4 | CUSIP: 46590RAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    463091 | PA      | $460609.79    | 0.11%             | 2049-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2022-LP2, Class C                            | CUSIP: 05610HAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    439200 | PA      | $439386.87    | 0.11%             | 2039-02-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA, Other                                                                       | CUSIP: 3140NXJZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2993441 | PA      | $3037468.63   | 0.75%             | 2030-01-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2019-OC11, Class A                                               | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2362379.25   | 0.58%             | 2041-12-09      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                              | Commercial Mortgage Trust, Series 2016-DC2, Class B                               | CUSIP: 12594CBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1606413 | PA      | $1607891.80   | 0.40%             | 2049-02-10      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust     | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class A1     | CUSIP: 61778GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    331019 | PA      | $332391.37    | 0.08%             | 2058-03-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C13, Class XA                                    | CUSIP: 09664JAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  39056995 | PA      | $1905731.38   | 0.47%             | 2058-12-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2024-5C25, Class A1                                  | CUSIP: 05554VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    674189 | PA      | $681110.31    | 0.17%             | 2057-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN36, Class A2                                                  | CUSIP: 06540DAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    638528 | PA      | $629417.97    | 0.16%             | 2064-09-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140NYLS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6343262 | PA      | $6393425.78   | 1.57%             | 2030-05-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                            | BANK5 Trust, Series 2024-5YR6, Class A3                                           | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1248000 | PA      | $1298953.09   | 0.32%             | 2057-05-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-C9, Class A1                                      | CUSIP: 05593MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100133 | PA      | $1111726.81   | 0.27%             | 2057-07-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2024-BNK47, Class A1                                                 | CUSIP: 06540GAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1419625 | PA      | $1440030.29   | 0.35%             | 2057-06-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                   | LoanCore Issuer Ltd., Series 2021-CRE6, Class C                                   | CUSIP: 53948HAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1604838.40   | 0.40%             | 2038-11-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL4, Class A                                               | CUSIP: 36262TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4400250 | PA      | $4414027.49   | 1.09%             | 2036-12-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                              | BXMT Ltd., Series 2020-FL2, Class A                                               | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     28404 | PA      | $28419.25     | 0.01%             | 2038-02-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                        | CSAIL Commercial Mortgage Trust, Series 2020-C19, Class ASB                       | CUSIP: 12597NAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1737266 | PA      | $1672962.50   | 0.41%             | 2053-03-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust     | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C9, Class B       | CUSIP: 61762DAZ4<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |   1260443 | PA      | $1204002.45   | 0.30%             | 2046-05-15      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                             | CSMC Trust, Series 2021-B33, Class A2                                             | CUSIP: 12658WAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    674000 | PA      | $599246.05    | 0.15%             | 2043-10-10      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| PRM Trust                                              | PRM Trust, Series 2025-PRM6, Class A                                              | CUSIP: 74277DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1737345.58   | 0.43%             | 2033-07-05      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Del Amo Fashion Center Trust                           | Del Amo Fashion Center Trust, Series 2017-AMO, Class A                            | CUSIP: 24500EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1459562.10   | 0.36%             | 2035-06-05      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2019-B13, Class ASB                              | CUSIP: 08162DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    449575 | PA      | $438434.66    | 0.11%             | 2057-08-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2021-B25, Class A3                               | CUSIP: 08163DAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1230802 | PA      | $1134487.73   | 0.28%             | 2054-04-15      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140NW7H2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2514548.30   | 0.62%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C38, Class XA                                  | CUSIP: 05556RAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  31690000 | PA      | $1874571.25   | 0.46%             | 2058-11-15      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2021-B24, Class ASB                              | CUSIP: 08163CBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2630863 | PA      | $2501253.44   | 0.62%             | 2054-03-15      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2019-C53, Class A3                  | CUSIP: 95002BAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    487758 | PA      | $462427.19    | 0.11%             | 2052-10-15      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2026-CSMO, Class B                           | CUSIP: 12433LAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2504531.25   | 0.62%             | 2043-02-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                              | BXMT Ltd., Series 2020-FL2, Class B                                               | CUSIP: 12434LAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1747250.75   | 0.43%             | 2038-02-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| ELP Commercial Mortgage Trust                          | ELP Commercial Mortgage Trust, Series 2025-ELP, Class C                           | CUSIP: 290154AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1987440.40   | 0.49%             | 2042-11-13      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                              | FS Rialto, Series 2021-FL2, Class AS                                              | CUSIP: 30319YAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1252765.00   | 0.31%             | 2038-05-16      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V8, Class A3                                | CUSIP: 08190AAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1560874.50   | 0.38%             | 2057-07-15      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2026-ALOHA, Class C                          | CUSIP: 12434HAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1503750.00   | 0.37%             | 2043-04-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust, Series 2018-C15, Class ASB                         | CUSIP: 90278LAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    537614 | PA      | $534390.43    | 0.13%             | 2051-12-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2022-C3, Class A1                                      | CUSIP: 05602QAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38384 | PA      | $38421.69     | 0.01%             | 2054-09-15      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA, Other                                                                       | CUSIP: 3140Q2EH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1400000 | PA      | $1442898.28   | 0.36%             | 2031-02-01      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| PLYM Commercial Mortgage Trust                         | PLYM Commercial Mortgage Trust, Series 2026-IND, Class C                          | CUSIP: 69292BAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2260000 | PA      | $2244688.50   | 0.55%             | 2043-03-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2019-B14, Class XA                               | CUSIP: 08162YAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11218021 | PA      | $206523.76    | 0.05%             | 2062-12-15      | Variable      | 0.74%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA, Other                                                                       | CUSIP: 3140NXYW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $3021840.54   | 0.74%             | 2030-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.         | Arbor Realty Commercial Real Estate Notes Ltd., Series 2022-FL1, Class A          | CUSIP: 03880XAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    644565 | PA      | $645383.10    | 0.16%             | 2037-01-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2024-XL4, Class B                            | CUSIP: 05611VAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89509 | PA      | $89702.22     | 0.02%             | 2039-02-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2017-C38, Class A4                  | CUSIP: 95001MAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     91292 | PA      | $90198.64     | 0.02%             | 2050-07-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2020-C57, Class ASB                 | CUSIP: 95002XBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2178879 | PA      | $2085725.94   | 0.51%             | 2053-08-15      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                         | Morgan Stanley Capital I Trust, Series 2024-NSTB, Class A                         | CUSIP: 61690BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    888799 | PA      | $877598.69    | 0.22%             | 2057-09-24      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2022-C1, Class A1                                      | CUSIP: 05609MBY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88768 | PA      | $88289.66     | 0.02%             | 2055-02-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V11, Class A3                               | CUSIP: 081921AZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3118083.90   | 0.77%             | 2057-11-15      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| ARDN Mortgage Trust                                    | ARDN Mortgage Trust, Series 2025-ARCP, Class A                                    | CUSIP: 039961AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1860000 | PA      | $1855653.55   | 0.46%             | 2035-06-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                              | BXP Trust, Series 2017-GM, Class C                                                | CUSIP: 056083AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1464708.45   | 0.36%             | 2039-06-13      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| GS REFT Issuer Ltd.                                    | GS REFT Issuer Ltd., Series 2026-FL1, Class A                                     | CUSIP: 36274DAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3508750.00   | 0.86%             | 2043-04-19      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C10, Class A1                                    | CUSIP: 05615BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    353671 | PA      | $354176.77    | 0.09%             | 2058-05-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140NYWM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2535224.43   | 0.62%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust             | JPMBB Commercial Mortgage Securities Trust, Series 2015-C27, Class A4             | CUSIP: 46644ABF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126642 | PA      | $124772.62    | 0.03%             | 2048-02-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| PFP Ltd.                                               | PFP Ltd., Series 2026-13, Class A                                                 | CUSIP: 716966AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3006195.00   | 0.74%             | 2043-08-18      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2020-B22, Class ASB                              | CUSIP: 08163BBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    288497 | PA      | $272909.70    | 0.07%             | 2054-01-15      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| PRM5 Trust                                             | PRM5 Trust, Series 2025-PRM5, Class A                                             | CUSIP: 693980AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1740056.85   | 0.43%             | 2033-03-10      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2018-GS10, Class A2                          | CUSIP: 36250SAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         9 | PA      | $9.17         | 0.00%             | 2051-07-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V7, Class A1                                | CUSIP: 08163YAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1618567 | PA      | $1640959.04   | 0.40%             | 2056-05-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust            | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL7, Class B             | CUSIP: 55284AAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001277.00   | 0.25%             | 2036-10-16      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust            | Arbor Multifamily Mortgage Securities Trust, Series 2021-MF2, Class ASB           | CUSIP: 03881VAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1454000 | PA      | $1376911.39   | 0.34%             | 2054-06-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                        | WFRBS Commercial Mortgage Trust, Series 2013-C14, Class AS                        | CUSIP: 92890PAG9<br>LEI: 549300GADFYEKC4OLM57 | Long             | ABS-MBS          | CORP              | US        |     56299 | PA      | $55342.36     | 0.01%             | 2046-06-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                    | Citigroup Commercial Mortgage Trust, Series 2016-P4, Class A4                     | CUSIP: 29429EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1751000 | PA      | $1744270.03   | 0.43%             | 2049-07-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BDS Ltd.                                               | BDS Ltd., Series 2021-FL10, Class A                                               | CUSIP: 07335YAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     83447 | PA      | $83660.83     | 0.02%             | 2036-12-16      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA ACES, Series 2024-M5, Class 1A1                                              | CUSIP: 3136BTHE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6798599 | PA      | $6825891.64   | 1.68%             | 2034-01-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                              | FS Rialto, Series 2021-FL2, Class A                                               | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    463549 | PA      | $464104.61    | 0.11%             | 2038-05-16      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V8, Class A1                                | CUSIP: 08190AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668965 | PA      | $677447.38    | 0.17%             | 2057-07-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2023-5C2, Class A1                                     | CUSIP: 05610QAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    299026 | PA      | $304821.50    | 0.08%             | 2056-11-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                              | FS Rialto, Series 2021-FL3, Class AS                                              | CUSIP: 30323CAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3505155.50   | 0.86%             | 2036-11-16      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V17, Class XA                               | CUSIP: 081934AS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15350000 | PA      | $901714.26    | 0.22%             | 2058-09-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-5C6, Class XA                  | CUSIP: 95004TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17124112 | PA      | $907247.45    | 0.22%             | 2058-10-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2022-FL3, Class B                                               | CUSIP: 48275EAE6<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250823.25    | 0.06%             | 2039-02-17      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| LCCM                                                   | LCCM Trust, Series 2017-LC26, Class A3                                            | CUSIP: 50190DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    514483 | PA      | $508071.68    | 0.13%             | 2050-07-12      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2023-C5, Class A2                                      | CUSIP: 055988AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    498528 | PA      | $508486.46    | 0.13%             | 2056-06-15      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-5C7, Class A3                  | CUSIP: 95004XAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $762665.25    | 0.19%             | 2058-12-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-VTT, Class C                   | CUSIP: 94990GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002324.20   | 0.25%             | 2038-03-15      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                       | TRTX Issuer Ltd., Series 2022-FL5, Class A                                        | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1488015 | PA      | $1489867.63   | 0.37%             | 2039-02-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2022-FL3, Class AS                                              | CUSIP: 48275EAC0<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250718.50    | 0.06%             | 2039-02-17      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2017-BNK5, Class A4                                                  | CUSIP: 06541WAW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    536360 | PA      | $530495.02    | 0.13%             | 2060-06-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2019-C50, Class A4                  | CUSIP: 95001XBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2448048 | PA      | $2386764.88   | 0.59%             | 2052-05-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2019-GC38, Class A3                          | CUSIP: 36252SAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $294220.95    | 0.07%             | 2052-02-10      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                              | CUSIP: 3140NUV89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4073235.52   | 1.00%             | 2029-04-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust     | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C2, Class A3     | CUSIP: 61779RBK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3042450.30   | 0.75%             | 2058-11-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2026-V21, Class XA                               | CUSIP: 08164HBE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  39727000 | PA      | $2515513.64   | 0.62%             | 2030-11-15      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                             | FHLMC                                                                             | CUSIP: 3132XFUM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2514638.55   | 0.62%             | 2029-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PFP Ltd.                                               | PFP Ltd., Series 2024-11, Class A                                                 | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |     87114 | PA      | $87465.13     | 0.02%             | 2039-09-17      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-C64, Class A1                  | CUSIP: 95004BAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    720745 | PA      | $725309.01    | 0.18%             | 2058-02-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C37, Class XA                                  | CUSIP: 05494NAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14246235 | PA      | $900265.16    | 0.22%             | 2058-09-15      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                      | BSPRT Issuer Ltd., Series 2023-FL10, Class A                                      | CUSIP: 05610VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1208721 | PA      | $1211800.68   | 0.30%             | 2035-09-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2026-5YR20, Class XA                                                | CUSIP: 06650JAM0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  52717058 | PA      | $2931637.77   | 0.72%             | 2059-02-15      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2016-BNK1, Class A2                 | CUSIP: 95000GAX2<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |    210695 | PA      | $209625.99    | 0.05%             | 2049-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-BXMF, Class B                                               | CUSIP: 05609RAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1790564 | PA      | $1788655.08   | 0.44%             | 2026-10-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2025-BNK49, Class A1                                                 | CUSIP: 05494FBL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2274453 | PA      | $2280445.20   | 0.56%             | 2058-03-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2024-5C25, Class AS                                  | CUSIP: 05554VAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2594355.50   | 0.64%             | 2057-03-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C3, Class A1                                     | CUSIP: 09660QAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74606 | PA      | $74992.46     | 0.02%             | 2057-02-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust, Series 2017-C7, Class A3                           | CUSIP: 90276WAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    502127 | PA      | $496300.17    | 0.12%             | 2050-12-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2021-FL2, Class AS                                              | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3005241.00   | 0.74%             | 2039-02-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                       | Hilton USA Trust, Series 2016-HHV, Class A                                        | CUSIP: 43300LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $298474.32    | 0.07%             | 2038-11-05      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2024-C28, Class A1                                   | CUSIP: 07336WAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1529273 | PA      | $1536273.57   | 0.38%             | 2057-09-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V9, Class A3                                | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2053066.40   | 0.51%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2025-5YR18, Class XA                                                | CUSIP: 06604CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  43582056 | PA      | $1897214.05   | 0.47%             | 2058-12-15      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2025-BNK50, Class A1                                                 | CUSIP: 064908AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2599710 | PA      | $2604093.15   | 0.64%             | 2068-05-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C34, Class A1                                  | CUSIP: 07337BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1101622 | PA      | $1105209.72   | 0.27%             | 2058-05-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd.       | Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class A       | CUSIP: 03881UAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3105167.70   | 0.76%             | 2041-01-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C6, Class A3                                     | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2036760.60   | 0.50%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                  | Cantor Commercial Real Estate Lending, Series 2019-CF1, Class A2                  | CUSIP: 12529MAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1255997 | PA      | $1239948.89   | 0.31%             | 2052-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C36, Class XA                                  | CUSIP: 05556CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21354804 | PA      | $879410.04    | 0.22%             | 2058-08-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN38, Class ASB                                                 | CUSIP: 06540EAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $376383.56    | 0.09%             | 2064-12-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| MF1 LLC                                                | MF1 LLC, Series 2026-FL21, Class ASFX                                             | CUSIP: 55287NAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5002305.00   | 1.23%             | 2041-02-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                              | BXMT Ltd., Series 2026-FL6, Class A                                               | CUSIP: 05620AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3002835.00   | 0.74%             | 2043-08-19      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| DBJPM Mortgage Trust                                   | DBJPM Mortgage Trust, Series 2016-C3, Class A5                                    | CUSIP: 23312VAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1385000 | PA      | $1378884.67   | 0.34%             | 2049-08-10      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2013-GC13, Class B                           | CUSIP: 36198EAS4<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2943705.90   | 0.73%             | 2046-07-10      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V13, Class A4                               | CUSIP: 08164AAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $311089.47    | 0.08%             | 2058-02-15      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2019-GSA1, Class AAB                         | CUSIP: 36261PAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    142574 | PA      | $139322.66    | 0.03%             | 2052-11-10      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                       | TRTX Issuer Ltd., Series 2022-FL5, Class AS                                       | CUSIP: 87277JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2102612.40   | 0.52%             | 2039-02-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd.       | Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class AS      | CUSIP: 03881UAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002966.00   | 0.49%             | 2041-01-20      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2024-XL4, Class A                            | CUSIP: 05611VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319673 | PA      | $320431.58    | 0.08%             | 2039-02-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| NXPT Commercial Mortgage Trust                         | NXPT Commercial Mortgage Trust, Series 2024-STOR, Class C                         | CUSIP: 67119YAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $989640.30    | 0.24%             | 2041-11-05      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2026-5C40, Class XA                                  | CUSIP: 05557AAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  36226786 | PA      | $1912194.67   | 0.47%             | 2059-02-15      | Variable      | 1.23%                 | No            |                  2 | On Loan: No      |
| CSTL Commercial Mortgage Trust                         | CSTL Commercial Mortgage Trust, Series 2026-GATE3, Class C                        | CUSIP: 228920AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2452348.00   | 0.60%             | 2043-02-10      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| FS Trust                                               | FS Trust, Series 2026-HULA, Class A                                               | CUSIP: 30345AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2503177.00   | 0.62%             | 2041-03-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| BMARK                                                  | BMARK, Series 2023-V4, Class A1                                                   | CUSIP: 081926AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    434632 | PA      | $441868.62    | 0.11%             | 2056-11-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2025-5YR14, Class A1                                                | CUSIP: 06604MAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    826167 | PA      | $827725.61    | 0.20%             | 2058-04-15      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| ACRES LLC                                              | ACRES LLC, Series 2025-FL3, Class A                                               | CUSIP: 00501DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2005082.00   | 0.49%             | 2040-08-18      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA, Other                                                                       | CUSIP: 3140Q1Q94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2290000 | PA      | $2264544.96   | 0.56%             | 2031-01-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2023-B38, Class A2                               | CUSIP: 081916AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2528661.25   | 0.62%             | 2056-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2019-B13, Class A3                               | CUSIP: 08162DAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1379000 | PA      | $1298764.95   | 0.32%             | 2057-08-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2026-V20, Class XA                               | CUSIP: 08164KAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  55598161 | PA      | $2937973.60   | 0.72%             | 2059-02-15      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2023-5YR2, Class A1                                                 | CUSIP: 06211CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    244671 | PA      | $248076.36    | 0.06%             | 2056-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V5, Class A3                                | CUSIP: 08163XAY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3085693.80   | 0.76%             | 2057-01-10      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** DoubleLine ETF Trust

**Signature:** Henry V. Chase

**Name of Signer:** Henry V. Chase

**Title:** Treasurer and Principal Financial and Accounting Officer