# EDGAR Filing Document

**Accession Number:** 0001649227
**File Stem:** 0002048251-26-001323
**Filing Date:** 2026-2
**Character Count:** 88995
**Document Hash:** dc4f624b8093050164d119c088efb511
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-001323.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0002048251-26-001323

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Community Development Fund
- **CENTRAL INDEX KEY:** 0001649227

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23080
- **FILM NUMBER:** 26670150

**BUSINESS ADDRESS:**
- **STREET 1:** 6255 CHAPMAN FIELD DRIVE
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33156
- **BUSINESS PHONE:** (305) 663-0100

**MAIL ADDRESS:**
- **STREET 1:** 6255 CHAPMAN FIELD DRIVE
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33156

## Series and Classes Contracts Data

### THE COMMUNITY DEVELOPMENT FUND (Series ID: S000051233)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000161514 | Class A Shares | CDCDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** THE COMMUNITY DEVELOPMENT FUND

- **b. Investment Company Act file number:** 811-23080

- **c. CIK number of Registrant:** 0001649227

- **d. LEI of Registrant:** 549300CXF3UPFLVE4L42

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

  - **Street Address 1:** 6255 CHAPMAN FIELD DRIVE

  - **City:** MIAMI

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33156

  - **Telephone number:** 3056630100

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

- **a. Name of Series:** COMMUNITY DEVELOPMENT FUND

- **b. EDGAR series identifier (if any):** S000051233

- **c. LEI of Series:** 549300GYJMCCHY31QG05

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $326731468.44

**Total Liabilities:** $291469.40

**Net Assets:** $326439999.04

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -356.13033716 | **1-Year:** -7995.83114743 | **5-Year:** -43726.57584792 | **10-Year:** -59184.50778724 | **30-Year:** -11762.59960051

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

- **3-Month:** -380.63893571 | **1-Year:** -6396.71395929 | **5-Year:** -13977.81584282 | **10-Year:** -10708.34176480 | **30-Year:** -1345.44159984

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161514 | -0.06%               | 0.61%                | 0.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-60522.16               | $-1301678.69                               |
| Month 2  | $-990.50                 | $1268503.22                                |
| Month 3  | $-849712.16              | $1881012.40                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Securitized: MBS, ABS, and CMBS TR USD

- **Index Identifier:** LBFI_5582_USD_TR

### 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 COMMERCIAL MORTGAGE TRUST                           | BX COMMERCIAL MORTGAGE TRUST 2022-AHP BX 2022-AHP AS                              | CUSIP: 05610FAB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2155000 | PA      | $2153688.90   | 0.66%             | 2039-01-17      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                           | BX COMMERCIAL MORTGAGE TRUST 2022-AHP BX 2022-AHP B                               | CUSIP: 05610FAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $2997265.50   | 0.92%             | 2039-01-17      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                | COLORADO ST HSG & FIN AUTH COLORADO HOUSING AND FINANCE AUTHORITY                 | CUSIP: 19648GCH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $781480.04    | 0.24%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN AN5657                                                         | CUSIP: 3138LJJB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    330870 | PA      | $314943.97    | 0.10%             | 2032-07-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN AN7888                                                         | CUSIP: 3138LLXS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   3163925 | PA      | $2919850.57   | 0.89%             | 2034-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN AS7476                                                         | CUSIP: 3138WHJW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    331728 | PA      | $303802.57    | 0.09%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN AS7647                                                         | CUSIP: 3138WHP97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    547041 | PA      | $503061.70    | 0.15%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN AS7653                                                         | CUSIP: 3138WHQF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    830746 | PA      | $755013.93    | 0.23%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN AS8262                                                         | CUSIP: 3138WJFC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    510822 | PA      | $462545.50    | 0.14%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN AS8734                                                         | CUSIP: 3138WJV47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    529468 | PA      | $500831.67    | 0.15%             | 2047-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN AS9360                                                         | CUSIP: 3138WKMJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    311197 | PA      | $297162.45    | 0.09%             | 2047-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BC0962                                                         | CUSIP: 3140EVB89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    223341 | PA      | $207232.81    | 0.06%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BL7673                                                         | CUSIP: 3140J0Q37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1804707 | PA      | $1361520.26   | 0.42%             | 2037-08-01      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BS0345                                                         | CUSIP: 3140LAL37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    889616 | PA      | $711941.62    | 0.22%             | 2036-01-01      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BS6491                                                         | CUSIP: 3140LHF96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2444000 | PA      | $2366939.82   | 0.73%             | 2032-08-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BS7108                                                         | CUSIP: 3140LH3S7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2653178 | PA      | $2723191.85   | 0.83%             | 2032-12-01      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BS7623                                                         | CUSIP: 3140LJPH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   5000000 | PA      | $5031104.20   | 1.54%             | 2033-01-01      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BS8180                                                         | CUSIP: 3140LKCS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    993092 | PA      | $996223.04    | 0.31%             | 2028-04-01      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BS8987                                                         | CUSIP: 3140LK6Z1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1078253 | PA      | $1105040.49   | 0.34%             | 2040-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BT0120                                                         | CUSIP: 3140LND20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1023759 | PA      | $841658.12    | 0.26%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ0271                                                         | CUSIP: 3140NUJR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1976992 | PA      | $2016962.38   | 0.62%             | 2040-01-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ0567                                                         | CUSIP: 3140NUTZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1026468.02   | 0.31%             | 2034-05-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ0597                                                         | CUSIP: 3140NUUX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1980740 | PA      | $2022855.74   | 0.62%             | 2040-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ1150                                                         | CUSIP: 3140NVH42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    400000 | PA      | $406484.46    | 0.12%             | 2031-06-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ2242                                                         | CUSIP: 3140NWP41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   4952051 | PA      | $4956182.74   | 1.52%             | 2034-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ3372                                                         | CUSIP: 3140NXXA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $2024696.98   | 0.62%             | 2030-03-01      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ3471                                                         | CUSIP: 3140NX2D4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1017409.91   | 0.31%             | 2032-04-01      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ3883                                                         | CUSIP: 3140NYJ51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1300000 | PA      | $1315980.12   | 0.40%             | 2032-05-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ4203                                                         | CUSIP: 3140NYU58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1005607.94   | 0.31%             | 2030-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ4222                                                         | CUSIP: 3140NYVQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1987928 | PA      | $2019642.71   | 0.62%             | 2030-06-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ4388                                                         | CUSIP: 3140NY2W0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1004530.49   | 0.31%             | 2032-07-01      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN BZ5493                                                         | CUSIP: 3140Q1C73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2574000 | PA      | $2597195.01   | 0.80%             | 2030-11-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CA1985                                                         | CUSIP: 3140Q9F32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    225561 | PA      | $217739.47    | 0.07%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CA7479                                                         | CUSIP: 3140QFJZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    332642 | PA      | $271437.69    | 0.08%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CA8444                                                         | CUSIP: 3140QGL21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    780813 | PA      | $643372.72    | 0.20%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB0268                                                         | CUSIP: 3140QKJN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   2824081 | PA      | $2321841.92   | 0.71%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB2317                                                         | CUSIP: 3140QMSF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1096125 | PA      | $894432.77    | 0.27%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB2738                                                         | CUSIP: 3140QNBG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   4704013 | PA      | $4006979.72   | 1.23%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB2739                                                         | CUSIP: 3140QNBH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    587294 | PA      | $503955.91    | 0.15%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB2830                                                         | CUSIP: 3140QNEC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    935778 | PA      | $803403.20    | 0.25%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB7245                                                         | CUSIP: 3140QTBP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    753190 | PA      | $772952.67    | 0.24%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB7935                                                         | CUSIP: 3140QTY94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    955422 | PA      | $995614.01    | 0.30%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB8085                                                         | CUSIP: 3140QT6X2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    853051 | PA      | $887494.49    | 0.27%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB8111                                                         | CUSIP: 3140QUAM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1283555 | PA      | $1316134.56   | 0.40%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CB9112                                                         | CUSIP: 3140QVDS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1047761 | PA      | $1091838.83   | 0.33%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CC1359                                                         | CUSIP: 3140Y7QM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1202656 | PA      | $1255813.95   | 0.38%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CC1382                                                         | CUSIP: 3140Y7RC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1242337 | PA      | $1274870.40   | 0.39%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE POOL FN CC1630                                                         | CUSIP: 3140Y7Y44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1906984 | PA      | $1928085.16   | 0.59%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FANNIE MAE-ACES FNA 2023-M5 A2                                                    | CUSIP: 3136BQCP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   5000000 | PA      | $5001198.50   | 1.53%             | 2033-07-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | FIDELITY GOVERNMENT MONEY MARKET CLASS I (FIGXX)                                  | CUSIP: 316175108<br>LEI: N/A                  | Long             | STIV             |  | US        |    941547 | PA      | $941546.55    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FLORIDA HSG FIN CORP REV                               | FLORIDA ST HSG FIN CORP REVENU FLORIDA HOUSING FINANCE CORP                       | CUSIP: 34074MJ69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $97619.71     | 0.03%             | 2029-01-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP REV                               | FLORIDA ST HSG FIN CORP REVENU FLORIDA HOUSING FINANCE CORP                       | CUSIP: 34074MJ93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98581.69     | 0.03%             | 2030-07-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP REV                               | FLORIDA ST HSG FIN CORP REVENU FLORIDA HOUSING FINANCE CORP                       | CUSIP: 34074MJ44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $574846.54    | 0.18%             | 2028-01-01      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC GOLD POOL FG Q41874                                                   | CUSIP: 3132WFCL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    912433 | PA      | $834824.19    | 0.26%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTICLASS CERTIFICATES SERIES 2015-P0 FHMR 2022-P013 A2              | CUSIP: 3137H74G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1844270.00   | 0.56%             | 2032-02-25      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTICLASS CERTIFICATES SERIES 2021-P0 FHMR 2021-P009 A1              | CUSIP: 3137H13U8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    270614 | PA      | $254972.19    | 0.08%             | 2031-01-25      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTICLASS CERTIFICATES SERIES 2021-P0 FHMR 2021-P009 A2              | CUSIP: 3137H13V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $906193.70    | 0.28%             | 2031-01-25      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTICLASS CERTIFICATES SERIES 2024-P0 FHMR 2024-P016 A2              | CUSIP: 3137HDJU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1011166.00   | 0.31%             | 2033-09-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FREDDIE MAC MULTIFAMILY ML CERTIFICATES FRETE 2025-ML29 AUS                       | CUSIP: 3137HLHX3<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1992076 | PA      | $2027496.77   | 0.62%             | 2043-01-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FREDDIE MAC MULTIFAMILY ML CERTIFICATES FRETE 2025-ML31 AUS                       | CUSIP: 3137HN4Q8<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1997797 | PA      | $2025951.87   | 0.62%             | 2042-06-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K-158 A2                  | CUSIP: 3137HAGS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   5200000 | PA      | $5104979.88   | 1.56%             | 2033-07-25      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K-169 A2                  | CUSIP: 3137HK2C7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1014774.60   | 0.31%             | 2034-12-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K-170 A2                  | CUSIP: 3137HLJ52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   7800000 | PA      | $8106433.14   | 2.48%             | 2035-02-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K-171 A2                  | CUSIP: 3137HMCA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   3300000 | PA      | $3278036.52   | 1.00%             | 2035-06-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K-172 A2                  | CUSIP: 3137HNMY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   5000000 | PA      | $5032631.50   | 1.54%             | 2035-08-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K092 A1                   | CUSIP: 3137FLYU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1841715 | PA      | $1823265.21   | 0.56%             | 2028-10-25      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K123 A2                   | CUSIP: 3137F8ZV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1500000 | PA      | $1340099.40   | 0.41%             | 2030-12-25      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K141 A2                   | CUSIP: 3137H6ZM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   4800000 | PA      | $4309885.92   | 1.32%             | 2032-02-25      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K145 A1                   | CUSIP: 3137H7PH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1711535 | PA      | $1631975.07   | 0.50%             | 2031-11-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K526 AS                   | CUSIP: 3137HF5C5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2994583 | PA      | $2996505.60   | 0.92%             | 2029-06-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K540 AS                   | CUSIP: 3137HLJB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    998599 | PA      | $997386.36    | 0.31%             | 2029-11-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K542 AS                   | CUSIP: 3137HLY55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1999350 | PA      | $1997877.12   | 0.61%             | 2030-01-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K547 A2                   | CUSIP: 3137HN6B9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $2029229.00   | 0.62%             | 2030-05-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K759 A2                   | CUSIP: 3137HJZS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   6500000 | PA      | $6699736.55   | 2.05%             | 2032-01-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K760 A2                   | CUSIP: 3137HKDD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1017719.40   | 0.31%             | 2032-01-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS K761 A2                   | CUSIP: 3137HN4L9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $2016424.00   | 0.62%             | 2032-06-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS KF141 AS                  | CUSIP: 3137H8U66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   3366932 | PA      | $3386416.60   | 1.04%             | 2032-07-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS KF164 AS                  | CUSIP: 3137HHUV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    962281 | PA      | $960990.15    | 0.29%             | 2034-10-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS KF168 AS                  | CUSIP: 3137HNWF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    999997 | PA      | $1005133.74   | 0.31%             | 2035-08-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS KJ53 AS                   | CUSIP: 3137HKXM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2938114 | PA      | $2939913.46   | 0.90%             | 2034-10-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS KSG2 A2                   | CUSIP: 3137H4S84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $891329.30    | 0.27%             | 2031-11-25      | Floating      | 2.09%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS KSG3 A2                   | CUSIP: 3137H7MF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1820843.80   | 0.56%             | 2032-05-25      | Floating      | 2.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS Q027 A1                   | CUSIP: 3137HF3E3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $2028741.00   | 0.62%             | 2031-08-25      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS Q030 A                    | CUSIP: 3137HHJQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   5150941 | PA      | $5155535.76   | 1.58%             | 2044-01-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS Q032 A                    | CUSIP: 3137HKQ23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1881453 | PA      | $1909142.12   | 0.58%             | 2054-11-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC MULTIFAMILY VARIABLE RATE CERTIFICATE FMMV M071 A                     | CUSIP: 3137HDVJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   3929063 | PA      | $3942590.85   | 1.21%             | 2040-08-15      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RA1853                                                        | CUSIP: 3133KHBW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    552988 | PA      | $497809.32    | 0.15%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RA5346                                                        | CUSIP: 3133KL5F0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    905790 | PA      | $744688.48    | 0.23%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ0241                                                        | CUSIP: 3142GQHT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    560147 | PA      | $584912.80    | 0.18%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ2692                                                        | CUSIP: 3142GS7E2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    653136 | PA      | $677861.22    | 0.21%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5015                                                        | CUSIP: 3142GVSD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1835473 | PA      | $1878533.43   | 0.58%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5178                                                        | CUSIP: 3142GVXG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    579819 | PA      | $592099.03    | 0.18%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5623                                                        | CUSIP: 3142GWG94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1101605 | PA      | $1108337.99   | 0.34%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5624                                                        | CUSIP: 3142GWHA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    859675 | PA      | $845317.86    | 0.26%             | 2055-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5636                                                        | CUSIP: 3142GWHN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    695376 | PA      | $697791.00    | 0.21%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5637                                                        | CUSIP: 3142GWHP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    607195 | PA      | $621062.23    | 0.19%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5638                                                        | CUSIP: 3142GWHQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    540697 | PA      | $553046.02    | 0.17%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5639                                                        | CUSIP: 3142GWHR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    743400 | PA      | $748375.15    | 0.23%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR RJ5640                                                        | CUSIP: 3142GWHS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1149917 | PA      | $1156945.27   | 0.35%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WA0500                                                        | CUSIP: 3132WRRK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2214268 | PA      | $1911665.87   | 0.59%             | 2047-03-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WA1648                                                        | CUSIP: 3132WVBS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    993683 | PA      | $991242.80    | 0.30%             | 2035-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WA2241                                                        | CUSIP: 3132WVWB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   5433281 | PA      | $5382470.52   | 1.65%             | 2040-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WA3194                                                        | CUSIP: 3132WWXY3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1442130 | PA      | $1355444.43   | 0.42%             | 2037-07-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WA3283                                                        | CUSIP: 3132WW2R2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2463504 | PA      | $2304454.05   | 0.71%             | 2039-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WA4823                                                        | CUSIP: 3142ACD55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   5553273 | PA      | $4210445.90   | 1.29%             | 2050-02-01      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WA4839                                                        | CUSIP: 3142ACEM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1621305 | PA      | $1355063.58   | 0.42%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WA4853                                                        | CUSIP: 3142ACE39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    996534 | PA      | $963430.93    | 0.30%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WN0179                                                        | CUSIP: 3132XEFV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   4000000 | PA      | $3802069.56   | 1.16%             | 2045-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WN2253                                                        | CUSIP: 3132XGQF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $974130.92    | 0.30%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WN5065                                                        | CUSIP: 3132XKTX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $2009856.72   | 0.62%             | 2029-08-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WN5213                                                        | CUSIP: 3132XKYK7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $1012636.13   | 0.31%             | 2030-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WN5231                                                        | CUSIP: 3132XKY50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   3000000 | PA      | $3014829.06   | 0.92%             | 2030-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WN5283                                                        | CUSIP: 3132XK2R7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1991005.56   | 0.61%             | 2029-09-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WS4017                                                        | CUSIP: 3142GGPB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   1475148 | PA      | $1458120.86   | 0.45%             | 2040-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2018-SB57 MORTGAGE TRUST FRESB 2018-SB57 A10H                               | CUSIP: 30308LAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1150776 | PA      | $1129639.62   | 0.35%             | 2038-08-25      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2019-SB68 MORTGAGE TRUST FRESB 2019-SB68 A10F                               | CUSIP: 30298WAH0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1618743 | PA      | $1515159.22   | 0.46%             | 2029-09-25      | Floating      | 2.42%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2020-SB71 MORTGAGE TRUST FRESB 2020-SB71 A10F                               | CUSIP: 30313KAD6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1167834 | PA      | $1087697.97   | 0.33%             | 2029-12-25      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2020-SB71 MORTGAGE TRUST FRESB 2020-SB71 A10H                               | CUSIP: 30313KAE4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    731946 | PA      | $669944.78    | 0.21%             | 2039-12-25      | Floating      | 2.25%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2020-SB71 MORTGAGE TRUST FRESB 2020-SB71 A5H                                | CUSIP: 30313KAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    761117 | PA      | $754855.18    | 0.23%             | 2039-11-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2020-SB76 MORTGAGE TRUST FRESB 2020-SB76 A5H                                | CUSIP: 30315EAB2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1055333 | PA      | $1050638.51   | 0.32%             | 2040-04-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2020-SB77 MORTGAGE TRUST FRESB 2020-SB77 A7H                                | CUSIP: 30316AAG8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1435122 | PA      | $1371830.89   | 0.42%             | 2040-06-25      | Floating      | 1.12%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2020-SB80 MORTGAGE TRUST FRESB 2020-SB80 A5H                                | CUSIP: 30316XAG8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1419117 | PA      | $1413808.10   | 0.43%             | 2040-09-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2021-SB84 MORTGAGE TRUST FRESB 2021-SB84 A10F                               | CUSIP: 30320WAP4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1578488 | PA      | $1399019.80   | 0.43%             | 2031-01-25      | Floating      | 1.49%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2021-SB93 MORTGAGE TRUST FRESB 2021-SB93 A5H                                | CUSIP: 30325WAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    833719 | PA      | $817285.85    | 0.25%             | 2041-09-25      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2021-SB93 MORTGAGE TRUST FRESB 2021-SB93 A7F                                | CUSIP: 30325WAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    780259 | PA      | $733349.99    | 0.22%             | 2028-10-25      | Floating      | 1.60%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2024-SB116 MORTGAGE TRUST FRESB 2024-SB116 A5F                              | CUSIP: 35802BAE1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1593493 | PA      | $1614691.64   | 0.49%             | 2029-09-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2024-SB116 MORTGAGE TRUST FRESB 2024-SB116 A7F                              | CUSIP: 35802BAF8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1856222 | PA      | $1877180.38   | 0.58%             | 2031-09-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FRESB MORTGAGE TRUST                                   | FRESB 2025-SB120 MORTGAGE TRUST FRESB 2025-SB120 A5F                              | CUSIP: 357913AA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2934277 | PA      | $2961615.57   | 0.91%             | 2030-01-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FRETE 2025-ML30 TRUST FRETE 2025-ML30 AUS                                         | CUSIP: 3137HMC57<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2989640 | PA      | $3076166.40   | 0.94%             | 2042-07-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                 | FRETE 2025-ML32 FRETE 2025-ML32 AUS                                               | CUSIP: 3137HNWU8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1046617.10   | 0.32%             | 2042-03-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2             | GINNIE MAE II POOL G2 AU1762                                                      | CUSIP: 36194N5X3<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    200417 | PA      | $184117.08    | 0.06%             | 2046-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2             | GINNIE MAE II POOL G2 AU1835                                                      | CUSIP: 36194PBC7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    306372 | PA      | $276010.87    | 0.08%             | 2046-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2017-135 AG                          | CUSIP: 38379R3Y7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    480223 | PA      | $418307.54    | 0.13%             | 2058-08-16      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2017-74 AD                           | CUSIP: 38379RYW7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    385979 | PA      | $330641.61    | 0.10%             | 2058-09-16      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2021-183 AC                          | CUSIP: 38381D7X2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1372865 | PA      | $1058970.68   | 0.32%             | 2063-01-16      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-145 AH                          | CUSIP: 38381JRX7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   3814580 | PA      | $3152602.74   | 0.97%             | 2065-09-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-16 AC                           | CUSIP: 38381HP70<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1915636 | PA      | $1871560.55   | 0.57%             | 2063-07-16      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-162 AC                          | CUSIP: 38381JXG7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2366769 | PA      | $2473889.27   | 0.76%             | 2064-03-16      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-191 AD                          | CUSIP: 38381JK55<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2343962 | PA      | $2251742.76   | 0.69%             | 2064-05-16      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-44 AB                           | CUSIP: 38381H3Y5<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2854530 | PA      | $2732777.90   | 0.84%             | 2056-08-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-74 AD                           | CUSIP: 38381JEJ2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1653907 | PA      | $1601923.17   | 0.49%             | 2055-10-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-92 AC                           | CUSIP: 38381H7U9<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   3808145 | PA      | $3622360.23   | 1.11%             | 2062-10-16      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-12 AC                           | CUSIP: 38381JX36<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   3000516 | PA      | $2914982.32   | 0.89%             | 2065-05-16      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-12 AV                           | CUSIP: 38381JY27<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1765631 | PA      | $1729220.32   | 0.53%             | 2036-11-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-122 AG                          | CUSIP: 38381LNR9<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1972894 | PA      | $1945160.68   | 0.60%             | 2065-05-16      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-153 AB                          | CUSIP: 38381LTG7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2411193 | PA      | $2396615.03   | 0.73%             | 2065-03-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-158 AC                          | CUSIP: 38381LVF6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1928507 | PA      | $1865894.44   | 0.57%             | 2057-09-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-193 AT                          | CUSIP: 38381LF80<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   3699937 | PA      | $3704543.12   | 1.13%             | 2062-04-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-54 AC                           | CUSIP: 38381LAZ5<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1771549 | PA      | $1747008.76   | 0.54%             | 2065-02-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-72 AG                           | CUSIP: 38381LEH1<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    984052 | PA      | $963922.44    | 0.30%             | 2065-05-16      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-109 LB                          | CUSIP: 38381MTM2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   3000000 | PA      | $2906053.50   | 0.89%             | 2066-08-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-126 BC                          | CUSIP: 38381PYD9<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2991965 | PA      | $3110499.98   | 0.95%             | 2067-05-16      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-153 V                           | CUSIP: 38383JBY0<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    345748 | PA      | $346974.55    | 0.11%             | 2039-12-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-16 AC                           | CUSIP: 38381LW57<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2775874 | PA      | $2773550.51   | 0.85%             | 2065-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-16 AV                           | CUSIP: 38381LY55<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2366231 | PA      | $2399486.30   | 0.74%             | 2037-10-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-17 AB                           | CUSIP: 38381L3K6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    494969 | PA      | $493323.05    | 0.15%             | 2058-05-16      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-18 AD                           | CUSIP: 38381L3S9<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    471302 | PA      | $468050.41    | 0.14%             | 2057-01-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-182 AE                          | CUSIP: 38381J8R1<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   4996970 | PA      | $4891272.15   | 1.50%             | 2067-05-16      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-184 AC                          | CUSIP: 38384RBQ8<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    998195 | PA      | $996335.89    | 0.31%             | 2058-06-16      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-213 AB                          | CUSIP: 38381SEC7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   2000000 | PA      | $2004375.00   | 0.61%             | 2057-03-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-217 AE                          | CUSIP: 38384REG7<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1400000 | PA      | $1389766.00   | 0.43%             | 2058-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-40 EM                           | CUSIP: 38381MCT5<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1090474 | PA      | $1095100.24   | 0.34%             | 2057-08-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2025-54 V                            | CUSIP: 38381MAK6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1732873 | PA      | $1737518.24   | 0.53%             | 2040-06-16      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV       | MARYLAND CMNTY DEV ADMIN HSG & MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOP | CUSIP: 57419UKL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302422.74    | 0.09%             | 2027-03-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV       | MARYLAND CMNTY DEV ADMIN HSG & MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOP | CUSIP: 57419UKM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252727.63    | 0.08%             | 2027-09-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV       | MARYLAND CMNTY DEV ADMIN HSG & MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOP | CUSIP: 57419UKN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $354484.41    | 0.11%             | 2028-03-01      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV       | MARYLAND CMNTY DEV ADMIN HSG & MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOP | CUSIP: 57419ULL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2965000 | PA      | $3092413.17   | 0.95%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV       | MARYLAND CMNTY DEV ADMIN HSG & MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOP | CUSIP: 57419UKJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200241.52    | 0.06%             | 2026-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG & CMNTY DEV       | MARYLAND CMNTY DEV ADMIN HSG & MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOP | CUSIP: 57419UKK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200957.90    | 0.06%             | 2026-09-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA HSG FIN AUTH MULTIFAMILY HSG REV   | MIAMI-DADE CNTY FL HSG FIN AUT MIAMI-DADE COUNTY HOUSING FINANCE AUTHORITY        | CUSIP: 593344DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502156.85    | 0.15%             | 2042-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA HSG FIN AUTH MULTIFAMILY HSG REV   | MIAMI-DADE CNTY FL HSG FIN AUT MIAMI-DADE COUNTY HOUSING FINANCE AUTHORITY        | CUSIP: 593344DG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $570553.64    | 0.17%             | 2030-08-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVT FIN AUTH SINGLE FAMILY HSG REV           | NEBRASKA ST INVESTMENT FIN AUT NEBRASKA INVESTMENT FINANCE AUTHORITY              | CUSIP: 63968M3G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103789.12    | 0.03%             | 2030-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVT FIN AUTH SINGLE FAMILY HSG REV           | NEBRASKA ST INVESTMENT FIN AUT NEBRASKA INVESTMENT FINANCE AUTHORITY              | CUSIP: 63968M3F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103119.81    | 0.03%             | 2029-09-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVT FIN AUTH SINGLE FAMILY HSG REV           | NEBRASKA ST INVESTMENT FIN AUT NEBRASKA INVESTMENT FINANCE AUTHORITY              | CUSIP: 63968M3E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102811.47    | 0.03%             | 2029-03-01      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVT FIN AUTH SINGLE FAMILY HSG REV           | NEBRASKA ST INVESTMENT FIN AUT NEBRASKA INVESTMENT FINANCE AUTHORITY              | CUSIP: 63968M3H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103824.68    | 0.03%             | 2030-09-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY MULTI-FAMILY REV       | NEW JERSEY ST HSG & MTGE FIN A NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY       | CUSIP: 6461082U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $465103.14    | 0.14%             | 2030-11-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY MULTI-FAMILY REV       | NEW JERSEY ST HSG & MTGE FIN A NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY       | CUSIP: 6461082T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $453459.83    | 0.14%             | 2030-05-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY MULTI-FAMILY REV       | NEW JERSEY ST HSG & MTGE FIN A NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY       | CUSIP: 6461082V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $334928.38    | 0.10%             | 2031-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP REV                     | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64966WHS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261854.40    | 0.08%             | 2030-08-01      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP MULTIFAMILY HSG REV     | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64972EC80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $382251.56    | 0.12%             | 2030-11-01      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP REV                     | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64966WHT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261701.45    | 0.08%             | 2031-02-01      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP REV                     | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64966WKS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $342788.39    | 0.11%             | 2033-08-01      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP REV                     | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64966WKR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260529.15    | 0.08%             | 2033-02-01      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP REV                     | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64966WHU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262002.93    | 0.08%             | 2031-08-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP REV                     | NEW YORK CITY NY HSG DEV CORP NEW YORK CITY HOUSING DEVELOPMENT CORP              | CUSIP: 64966WHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261191.50    | 0.08%             | 2032-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STWD MORTGAGE TRUST                                    | STWD 2021-LIH MORTGAGE TRUST STWD 2021-LIH A                                      | CUSIP: 78486EAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $2994408.90   | 0.92%             | 2036-11-15      | Floating      | 4.72%                 | Yes           |                  2 | On Loan: No      |
| United States of America                               | US 10YR NOTE (CBT)MAR26 FINANCIAL COMMODITY FUTURE.                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -60 | NC      | $-6746250.00  | -2.07%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC                                                   | US 10YR ULTRA FUT MAR26 FINANCIAL COMMODITY FUTURE.                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -85 | NC      | $-9776328.13  | -2.99%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                               | US LONG BOND(CBT) MAR26 FINANCIAL COMMODITY FUTURE.                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -80 | NC      | $-9247500.00  | -2.83%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                               | US TREASURY N/B 3.375000% 11/30/2027                                              | CUSIP: 91282CPL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   2200000 | PA      | $2196046.86   | 0.67%             | 2027-11-30      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States of America                               | US TREASURY N/B 3.500000% 11/15/2028                                              | CUSIP: 91282CPK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   5000000 | PA      | $4996093.75   | 1.53%             | 2028-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                               | US TREASURY N/B 3.500000% 11/30/2030                                              | CUSIP: 91282CPN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   6250000 | PA      | $6192871.13   | 1.90%             | 2030-11-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                               | US TREASURY N/B 3.500000% 12/15/2028                                              | CUSIP: 91282CPP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   6000000 | PA      | $5995312.50   | 1.84%             | 2028-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                               | US TREASURY N/B 3.625000% 09/30/2030                                              | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   7700000 | PA      | $7677140.63   | 2.35%             | 2030-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH                               | VIRGINIA ST HSG DEV AUTH VIRGINIA HOUSING DEVELOPMENT AUTHORITY                   | CUSIP: 92812WBA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $453641.15    | 0.14%             | 2031-11-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH                               | VIRGINIA ST HSG DEV AUTH VIRGINIA HOUSING DEVELOPMENT AUTHORITY                   | CUSIP: 92812WBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $445918.95    | 0.14%             | 2032-11-01      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH                               | VIRGINIA ST HSG DEV AUTH VIRGINIA HOUSING DEVELOPMENT AUTHORITY                   | CUSIP: 92812WAY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $468635.00    | 0.14%             | 2029-11-01      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** THE COMMUNITY DEVELOPMENT FUND

**Signature:** Ken Thomas

**Name of Signer:** Ken Thomas

**Title:** President