# EDGAR Filing Document

**Accession Number:** 0001437249
**File Stem:** 0000910472-25-006159
**Filing Date:** 2025-12
**Character Count:** 139893
**Document Hash:** 1c09ff090c3680cec2792ffba8549318
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006159.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006159

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VALUED ADVISERS TRUST
- **CENTRAL INDEX KEY:** 0001437249

**ORGANIZATION NAME:**
- **EIN:** 262762915

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22208
- **FILM NUMBER:** 251606069

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Regan Floating Rate MBS ETF (Series ID: S000084093)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000248358 | Regan Floating Rate MBS ETF | MBSF            |

## Nport-Ex

Regan

Floating

Rate

MBS

ETF

Schedule

of

Investments

October

31,

2025

(Unaudited)

(a) COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

94.99%

(a) Principal

Amount

Fair

Value

Fannie

Mae

REMIC,

Series

13,

Class

FB,

5.20%,

3/25/2032

$

41,964

$

42,162

Fannie

Mae

REMIC,

Series

13,

Class

FA,

5.20%,

3/25/2032

41,964

42,162

Fannie

Mae

REMIC,

Series

13,

Class

FC,

5.20%,

3/25/2032

41,964

42,162

Fannie

Mae

REMIC,

Series

53,

Class

FY,

4.80%,

8/25/2032

39,303

39,265

Fannie

Mae

REMIC,

Series

68,

Class

FB,

4.80%,

10/25/2032

31,026

31,009

Fannie

Mae

REMIC,

Series

64,

Class

FS,

5.83%,

7/25/2033

37,280

37,871

Fannie

Mae

REMIC,

Series

69,

Class

NF,

5.93%,

7/25/2033

174,867

178,142

Fannie

Mae

REMIC,

Series

81,

Class

FE,

4.80%,

9/25/2033

50,895

50,719

Fannie

Mae

REMIC,

Series

38,

Class

FK,

4.65%,

5/25/2034

165,491

164,471

Fannie

Mae

REMIC,

Series

25,

Class

PF,

4.65%,

4/25/2035

80,015

79,316

Fannie

Mae

REMIC,

Series

45,

Class

XA,

4.64%,

6/25/2035

212,613

210,946

Fannie

Mae

REMIC,

Series

106,

Class

PF,

4.65%,

12/25/2035

344,728

341,796

Fannie

Mae

REMIC,

Series

3,

Class

CF,

4.60%,

3/25/2036

109,742

108,786

Fannie

Mae

REMIC,

Series

24,

Class

F,

4.60%,

4/25/2036

298,897

295,861

Fannie

Mae

REMIC,

Series

20,

Class

GF,

4.65%,

4/25/2036

76,691

76,026

Fannie

Mae

REMIC,

Series

45,

Class

FM,

4.70%,

6/25/2036

99,436

98,722

Fannie

Mae

REMIC,

Series

62,

Class

FP,

4.55%,

7/25/2036

318,642

315,706

Fannie

Mae

REMIC,

Series

101,

Class

FD,

4.60%,

7/25/2036

22,555

22,201

Fannie

Mae

REMIC,

Series

101,

Class

FC,

4.60%,

7/25/2036

33,284

32,789

Fannie

Mae

REMIC,

Series

88,

Class

AF,

4.76%,

9/25/2036

102,068

101,464

Fannie

Mae

REMIC,

Series

86,

Class

CF,

5.50%,

9/25/2036

60,820

61,950

Fannie

Mae

REMIC,

Series

101,

Class

FA,

4.72%,

10/25/2036

738,894

733,669

Fannie

Mae

REMIC,

Series

104,

Class

FC,

4.55%,

11/25/2036

146,798

145,572

Fannie

Mae

REMIC,

Series

25,

Class

FB,

4.63%,

4/25/2037

86,609

85,599

Fannie

Mae

REMIC,

Series

54,

Class

AF,

4.86%,

4/25/2037

137,436

137,047

Fannie

Mae

REMIC,

Series

92,

Class

OF,

4.87%,

9/25/2037

140,821

140,506

Fannie

Mae

REMIC,

Series

102,

Class

FA,

4.87%,

11/25/2037

49,673

49,548

Fannie

Mae

REMIC,

Series

117,

Class

FM,

5.00%,

1/25/2038

255,228

255,724

Fannie

Mae

REMIC,

Series

117,

Class

MF,

5.00%,

1/25/2038

109,738

109,951

Fannie

Mae

REMIC,

Series

7,

Class

FA,

4.75%,

2/25/2038

204,982

204,225

Fannie

Mae

REMIC,

Series

12,

Class

FA,

4.97%,

3/25/2038

56,270

56,319

Fannie

Mae

REMIC,

Series

16,

Class

KF,

5.10%,

3/25/2038

105,152

105,738

Fannie

Mae

REMIC,

Series

68,

Class

FC,

5.27%,

8/25/2038

795,667

804,925

Fannie

Mae

REMIC,

Series

46,

Class

FC,

5.00%,

6/25/2039

256,962

258,179

Fannie

Mae

REMIC,

Series

46,

Class

FA,

5.00%,

6/25/2039

273,909

275,237

Fannie

Mae

REMIC,

Series

72,

Class

JF,

5.05%,

9/25/2039

220,182

221,597

Fannie

Mae

REMIC,

Series

58,

Class

FY,

5.03%,

6/25/2040

66,963

67,082

Fannie

Mae

REMIC,

Series

41,

Class

FK,

4.72%,

5/25/2041

185,589

184,197

Fannie

Mae

REMIC,

Series

55,

Class

FJ,

4.74%,

6/25/2041

532,443

528,759

Fannie

Mae

REMIC,

Series

149,

Class

MF,

4.80%,

11/25/2041

44,098

44,003

Fannie

Mae

REMIC,

Series

121,

Class

PF,

4.65%,

12/25/2041

154,039

151,929

Fannie

Mae

REMIC,

Series

3,

Class

DF,

4.85%,

2/25/2042

392,290

390,938

Fannie

Mae

REMIC,

Series

19,

Class

JF,

4.85%,

3/25/2042

65,008

64,611

Fannie

Mae

REMIC,

Series

70,

Class

FA,

4.75%,

7/25/2042

790,734

783,577

Fannie

Mae

REMIC,

Series

116,

Class

FP,

4.55%,

10/25/2042

77,874

76,636

Fannie

Mae

REMIC,

Series

122,

Class

FM,

4.70%,

11/25/2042

1,134,907

1,120,301

Regan

Floating

Rate

MBS

ETF

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

94.99%

-

continued

Principal

Amount

Fair

Value

Fannie

Mae

REMIC,

Series

10,

Class

FA,

4.65%,

2/25/2043

$

137,708

$

135,522

Fannie

Mae

REMIC,

Series

10,

Class

FB,

4.65%,

2/25/2043

179,299

176,479

Fannie

Mae

REMIC,

Series

13,

Class

FA,

4.65%,

3/25/2043

403,025

396,828

Fannie

Mae

REMIC,

Series

92,

Class

FA,

4.85%,

9/25/2043

282,977

280,577

Fannie

Mae

REMIC,

Series

118,

Class

FB,

4.82%,

12/25/2043

143,017

141,508

Fannie

Mae

REMIC,

Series

10,

Class

KF,

4.75%,

3/25/2044

159,065

157,782

Fannie

Mae

REMIC,

Series

79,

Class

FE,

4.55%,

11/25/2045

83,320

82,119

Fannie

Mae

REMIC,

Series

2,

Class

FB,

4.70%,

2/25/2046

134,169

132,621

Fannie

Mae

REMIC,

Series

25,

Class

FL,

4.80%,

5/25/2046

1,143,573

1,129,870

Fannie

Mae

REMIC,

Series

79,

Class

NF,

4.75%,

11/25/2046

643,981

632,341

Fannie

Mae

REMIC,

Series

91,

Class

AF,

4.70%,

12/25/2046

51,052

50,679

Fannie

Mae

REMIC,

Series

106,

Class

EF,

4.80%,

1/25/2047

1,827,719

1,799,117

Fannie

Mae

REMIC,

Series

79,

Class

FB,

4.55%,

10/25/2047

562,234

556,916

Fannie

Mae

REMIC,

Series

42,

Class

FD,

4.55%,

6/25/2048

435,607

428,940

Fannie

Mae

REMIC,

Series

36,

Class

FD,

4.55%,

6/25/2048

119,069

117,674

Fannie

Mae

REMIC,

Series

56,

Class

FD,

5.24%,

7/25/2048

72,903

73,770

Fannie

Mae

REMIC,

Series

60,

Class

FK,

4.60%,

8/25/2048

501,342

487,280

Fannie

Mae

REMIC,

Series

15,

Class

FA,

4.80%,

4/25/2049

251,878

247,429

Fannie

Mae

REMIC,

Series

38,

Class

CF,

4.75%,

7/25/2049

1,194,590

1,170,626

Fannie

Mae

REMIC,

Series

38,

Class

FA,

4.75%,

7/25/2049

4,853,486

4,757,043

Fannie

Mae

REMIC,

Series

31,

Class

FB,

4.75%,

7/25/2049

478,140

467,244

Fannie

Mae

REMIC,

Series

33,

Class

FB,

4.75%,

7/25/2049

608,419

596,012

Fannie

Mae

REMIC,

Series

43,

Class

FD,

4.70%,

8/25/2049

624,198

614,665

Fannie

Mae

REMIC,

4.75%,

10/25/2049

972,878

957,070

Fannie

Mae

REMIC,

Series

67,

Class

FB,

4.75%,

11/25/2049

178,248

175,584

Fannie

Mae

REMIC,

Series

61,

Class

AF,

4.80%,

11/25/2049

4,586,005

4,504,310

Fannie

Mae

REMIC,

Series

81,

Class

QF,

4.80%,

12/25/2049

2,109,571

2,070,869

Fannie

Mae

REMIC,

Series

76,

Class

FA,

4.80%,

12/25/2049

121,604

119,311

Fannie

Mae

REMIC,

Series

37,

Class

FH,

4.70%,

1/25/2050

750,869

741,220

Fannie

Mae

REMIC,

Series

81,

Class

FJ,

4.80%,

1/25/2050

1,308,176

1,282,650

Fannie

Mae

REMIC,

Series

79,

Class

FA,

4.80%,

1/25/2050

497,833

488,423

Fannie

Mae

REMIC,

Series

12,

Class

FL,

4.75%,

3/25/2050

709,410

693,086

Fannie

Mae

REMIC,

Series

10,

Class

FE,

4.80%,

3/25/2050

5,672,013

5,563,105

Fannie

Mae

REMIC,

Series

27,

Class

FD,

4.75%,

5/25/2050

947,501

923,836

Fannie

Mae

REMIC,

Series

36,

Class

FH,

4.75%,

6/25/2050

2,115,326

2,063,215

Fannie

Mae

REMIC,

Series

54,

Class

WF,

4.53%,

8/25/2050

391,815

376,624

Fannie

Mae

REMIC,

Series

37,

Class

FG,

4.60%,

8/25/2050

292,893

287,004

Fannie

Mae

REMIC,

Series

25,

Class

WF,

4.54%,

5/25/2051

444,480

434,881

Fannie

Mae

REMIC,

Series

41,

Class

GF,

4.80%,

3/25/2053

3,895,331

3,869,567

Fannie

Mae

REMIC,

Series

4,

Class

FB,

4.83%,

3/25/2053

1,494,029

1,484,143

Fannie

Mae

REMIC,

Series

21,

Class

FB,

5.48%,

7/25/2053

392,986

394,873

Fannie

Mae

REMIC,

Series

75,

Class

FC,

5.13%,

10/25/2054

481,264

480,922

Fannie

Mae

REMIC,

Series

73,

Class

FB,

5.38%,

10/25/2054

278,522

279,453

Fannie

Mae

REMIC,

Series

96,

Class

FB,

5.58%,

12/25/2054

1,403,221

1,413,343

Fannie

Mae

REMIC,

Series

96,

Class

FA,

5.58%,

12/25/2054

627,579

631,463

Fannie

Mae

REMIC,

Series

104,

Class

FA,

5.23%,

1/25/2055

88,299

88,423

Fannie

Mae

REMIC,

Series

103,

Class

FH,

5.43%,

1/25/2055

824,993

828,042

Regan

Floating

Rate

MBS

ETF

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

94.99%

-

continued

Principal

Amount

Fair

Value

Fannie

Mae

REMIC,

Series

103,

Class

FE,

5.48%,

1/25/2055

$

170,295

$

171,121

Fannie

Mae

REMIC,

Series

10,

Class

FB,

5.03%,

2/25/2055

176,218

175,473

Fannie

Mae

REMIC,

Series

32,

Class

FA,

5.43%,

5/25/2055

313,646

314,985

Fannie

Mae

REMIC,

Series

41,

Class

FG,

4.80%,

8/25/2059

700,603

685,245

Fannie

Mae

REMIC,

Series

62,

Class

FQ,

4.80%,

11/25/2059

525,476

520,962

Fannie

Mae

Trust,

Series

W6,

Class

6A,

4.76%,

8/25/2042

124,106

122,218

Freddie

Mac

REMIC,

Series

2334,

Class

FO,

5.32%,

7/15/2031

31,368

31,628

Freddie

Mac

REMIC,

Series

2582,

Class

FH,

5.60%,

7/15/2031

90,120

91,187

Freddie

Mac

REMIC,

Series

2408,

Class

FO,

5.25%,

1/15/2032

20,361

20,425

Freddie

Mac

REMIC,

Series

2406,

Class

FP,

5.33%,

1/15/2032

56,312

56,850

Freddie

Mac

REMIC,

Series

2481,

Class

FE,

5.35%,

3/15/2032

41,988

42,413

Freddie

Mac

REMIC,

Series

2463,

Class

FJ,

5.35%,

3/15/2032

44,236

44,675

Freddie

Mac

REMIC,

Series

2444,

Class

FR,

5.35%,

5/15/2032

43,418

43,861

Freddie

Mac

REMIC,

Series

2647,

Class

VF,

5.93%,

7/15/2033

86,148

88,207

Freddie

Mac

REMIC,

Series

3969,

Class

AF,

4.80%,

10/15/2033

671,974

668,401

Freddie

Mac

REMIC,

Series

2733,

Class

FB,

4.95%,

10/15/2033

37,484

37,518

Freddie

Mac

REMIC,

Series

3305,

Class

BF,

4.67%,

7/15/2034

253,798

251,409

Freddie

Mac

REMIC,

Series

4265,

Class

FD,

4.75%,

1/15/2035

333,401

330,901

Freddie

Mac

REMIC,

Series

3003,

Class

KF,

4.60%,

7/15/2035

141,460

140,392

Freddie

Mac

REMIC,

Series

S001,

Class

1A2,

4.26%,

9/25/2035

864,927

846,428

Freddie

Mac

REMIC,

Series

3155,

Class

PF,

4.70%,

5/15/2036

657,461

652,037

Freddie

Mac

REMIC,

Series

3153,

Class

FX,

4.70%,

5/15/2036

104,376

103,541

Freddie

Mac

REMIC,

Series

3153,

Class

EF,

4.76%,

5/15/2036

96,065

95,471

Freddie

Mac

REMIC,

Series

3222,

Class

KF,

4.75%,

9/15/2036

190,734

189,296

Freddie

Mac

REMIC,

Series

3210,

Class

FA,

4.75%,

9/15/2036

276,494

274,368

Freddie

Mac

REMIC,

Series

3361,

Class

AF,

4.70%,

11/15/2036

51,087

50,616

Freddie

Mac

REMIC,

Series

3281,

Class

AF,

4.67%,

2/15/2037

143,762

142,189

Freddie

Mac

REMIC,

Series

3284,

Class

CF,

4.72%,

3/15/2037

215,315

213,175

Freddie

Mac

REMIC,

Series

3309,

Class

FG,

4.78%,

4/15/2037

86,004

85,309

Freddie

Mac

REMIC,

Series

3318,

Class

F,

4.60%,

5/15/2037

13,909

13,728

Freddie

Mac

REMIC,

Series

3311,

Class

NF,

4.65%,

5/15/2037

92,153

91,083

Freddie

Mac

REMIC,

Series

3361,

Class

LF,

4.90%,

8/15/2037

155,933

155,444

Freddie

Mac

REMIC,

Series

4276,

Class

FA,

4.85%,

9/15/2037

277,460

275,208

Freddie

Mac

REMIC,

Series

3371,

Class

FA,

4.95%,

9/15/2037

75,541

75,431

Freddie

Mac

REMIC,

Series

3416,

Class

BF,

5.10%,

2/15/2038

295,478

296,564

Freddie

Mac

REMIC,

Series

4832,

Class

FW,

4.82%,

4/15/2038

513,109

506,425

Freddie

Mac

REMIC,

Series

3455,

Class

FG,

5.25%,

6/15/2038

790,934

794,538

Freddie

Mac

REMIC,

Series

4615,

Class

AF,

4.82%,

10/15/2038

72,444

71,472

Freddie

Mac

REMIC,

Series

5335,

Class

FB,

5.05%,

10/15/2039

155,449

155,893

Freddie

Mac

REMIC,

Series

3639,

Class

FC,

5.10%,

2/15/2040

133,882

134,240

Freddie

Mac

REMIC,

Series

3666,

Class

FC,

5.08%,

5/15/2040

144,284

144,549

Freddie

Mac

REMIC,

Series

3757,

Class

PF,

4.85%,

8/15/2040

146,764

146,434

Freddie

Mac

REMIC,

Series

3740,

Class

DF,

4.83%,

10/15/2040

89,803

89,334

Freddie

Mac

REMIC,

Series

3759,

Class

FB,

4.85%,

11/15/2040

251,928

250,526

Freddie

Mac

REMIC,

Series

3753,

Class

FA,

4.85%,

11/15/2040

733,146

729,482

Freddie

Mac

REMIC,

Series

3997,

Class

FJ,

4.80%,

1/15/2041

219,311

217,790

Freddie

Mac

REMIC,

Series

3843,

Class

FE,

4.90%,

4/15/2041

208,675

207,754

Regan

Floating

Rate

MBS

ETF

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

94.99%

-

continued

Principal

Amount

Fair

Value

Freddie

Mac

REMIC,

Series

4105,

Class

LF,

4.70%,

8/15/2041

$

273,301

$

272,560

Freddie

Mac

REMIC,

Series

4105,

Class

NF,

4.75%,

9/15/2042

795,730

785,153

Freddie

Mac

REMIC,

Series

4116,

Class

LF,

4.65%,

10/15/2042

1,458,773

1,435,787

Freddie

Mac

REMIC,

Series

4122,

Class

FP,

4.75%,

10/15/2042

230,489

228,865

Freddie

Mac

REMIC,

Series

4159,

Class

FQ,

4.85%,

1/15/2043

449,128

446,349

Freddie

Mac

REMIC,

Series

4240,

Class

FA,

4.85%,

8/15/2043

572,513

566,271

Freddie

Mac

REMIC,

Series

4255,

Class

GF,

4.70%,

9/15/2043

63,410

62,805

Freddie

Mac

REMIC,

Series

4283,

Class

JF,

4.75%,

12/15/2043

491,443

486,220

Freddie

Mac

REMIC,

Series

4286,

Class

VF,

4.80%,

12/15/2043

115,937

114,891

Freddie

Mac

REMIC,

Series

4281,

Class

LF,

4.85%,

12/15/2043

1,503,823

1,493,294

Freddie

Mac

REMIC,

Series

4310,

Class

FA,

4.90%,

2/15/2044

86,048

85,230

Freddie

Mac

REMIC,

Series

4383,

Class

KF,

4.75%,

9/15/2044

5,906,683

5,809,074

Freddie

Mac

REMIC,

Series

4431,

Class

FT,

4.75%,

1/15/2045

4,576,682

4,503,597

Freddie

Mac

REMIC,

Series

4476,

Class

BF,

4.60%,

5/15/2045

272,335

265,945

Freddie

Mac

REMIC,

Series

4587,

Class

AF,

4.70%,

6/15/2046

66,027

65,517

Freddie

Mac

REMIC,

Series

4614,

Class

FK,

4.85%,

9/15/2046

2,647,271

2,606,055

Freddie

Mac

REMIC,

Series

4945,

Class

F,

4.97%,

12/15/2046

480,204

473,989

Freddie

Mac

REMIC,

Series

4648,

Class

FA,

4.85%,

1/15/2047

264,246

259,968

Freddie

Mac

REMIC,

Series

4754,

Class

FM,

4.65%,

2/15/2048

871,479

847,504

Freddie

Mac

REMIC,

Series

4792,

Class

FA,

4.65%,

5/15/2048

916,787

890,507

Freddie

Mac

REMIC,

Series

4821,

Class

FL,

4.65%,

6/15/2048

521,943

507,625

Freddie

Mac

REMIC,

Series

5383,

Class

AF,

5.36%,

8/15/2048

269,093

270,805

Freddie

Mac

REMIC,

Series

4826,

Class

KF,

4.65%,

9/15/2048

47,586

46,632

Freddie

Mac

REMIC,

Series

4852,

Class

BF,

4.75%,

12/15/2048

603,320

589,203

Freddie

Mac

REMIC,

Series

4863,

Class

F,

4.80%,

3/15/2049

158,042

154,730

Freddie

Mac

REMIC,

Series

4913,

Class

UF,

4.80%,

3/15/2049

1,390,116

1,359,176

Freddie

Mac

REMIC,

Series

4882,

Class

FA,

4.80%,

5/15/2049

3,828,329

3,753,036

Freddie

Mac

REMIC,

Series

4903,

Class

NF,

4.70%,

8/25/2049

378,550

373,025

Freddie

Mac

REMIC,

Series

4916,

Class

FA,

4.70%,

9/25/2049

165,628

164,138

Freddie

Mac

REMIC,

Series

4918,

Class

F,

4.75%,

10/25/2049

1,783,137

1,748,757

Freddie

Mac

REMIC,

Series

4927,

Class

FG,

4.80%,

11/25/2049

390,809

382,886

Freddie

Mac

REMIC,

Series

4940,

Class

FE,

4.85%,

1/25/2050

260,381

255,693

Freddie

Mac

REMIC,

Series

4959,

Class

JF,

4.75%,

3/25/2050

623,932

609,120

Freddie

Mac

REMIC,

Series

4990,

Class

FN,

4.65%,

5/25/2050

610,661

593,221

Freddie

Mac

REMIC,

Series

4981,

Class

JF,

4.70%,

6/25/2050

1,105,008

1,080,380

Freddie

Mac

REMIC,

Series

5119,

Class

QF,

4.38%,

6/25/2051

641,677

611,585

Freddie

Mac

REMIC,

Series

5270,

Class

FH,

5.13%,

6/25/2052

746,299

742,409

Freddie

Mac

REMIC,

Series

5273,

Class

FA,

5.43%,

11/25/2052

126,824

126,836

Freddie

Mac

REMIC,

Series

5396,

Class

HF,

5.13%,

4/25/2054

232,914

233,684

Freddie

Mac

REMIC,

Series

4347,

Class

EF,

4.85%,

6/15/2054

2,746,481

2,709,394

Freddie

Mac

REMIC,

Series

5469,

Class

F,

5.28%,

9/25/2054

445,555

446,076

Freddie

Mac

REMIC,

Series

5475,

Class

FA,

5.28%,

11/25/2054

441,535

442,001

Freddie

Mac

REMIC,

Series

5475,

Class

FG,

5.33%,

11/25/2054

165,140

165,416

Freddie

Mac

REMIC,

Series

5473,

Class

BF,

5.48%,

11/25/2054

137,281

137,602

Freddie

Mac

REMIC,

Series

5480,

Class

FG,

5.33%,

12/25/2054

147,717

148,217

Freddie

Mac

REMIC,

Series

5483,

Class

FD,

5.48%,

12/25/2054

810,768

814,643

Freddie

Mac

REMIC,

Series

5495,

Class

AF,

5.33%,

1/25/2055

88,457

88,759

Regan

Floating

Rate

MBS

ETF

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

94.99%

-

continued

Principal

Amount

Fair

Value

Freddie

Mac

REMIC,

Series

5517,

Class

F,

5.38%,

3/25/2055

$

176,804

$

176,773

Freddie

Mac

REMIC,

Series

5524,

Class

FA,

5.38%,

4/25/2055

176,346

176,026

Freddie

Mac

REMIC,

Series

4839,

Class

QF,

4.75%,

8/15/2056

943,917

920,457

Freddie

Mac

REMIC,

Series

4851,

Class

KF,

4.75%,

8/15/2057

1,036,729

1,010,378

Freddie

Mac

Strips,

Series

240,

Class

F22,

4.70%,

7/15/2036

122,034

120,960

Freddie

Mac

Strips,

Series

330,

Class

F4,

4.82%,

10/15/2037

57,813

57,099

Freddie

Mac

Strips,

Series

263,

Class

F5,

4.85%,

6/15/2042

455,198

451,246

Freddie

Mac

Strips,

Series

264,

Class

F1,

4.90%,

7/15/2042

96,048

95,352

Freddie

Mac

Strips,

Series

272,

Class

F1,

4.85%,

8/15/2042

79,244

78,966

Freddie

Mac

Strips,

Series

271,

Class

F5,

4.85%,

8/15/2042

198,815

198,120

Freddie

Mac

Strips,

Series

280,

Class

F1,

4.85%,

9/15/2042

317,548

316,451

Freddie

Mac

Strips,

Series

359,

Class

F3,

4.80%,

10/15/2047

1,637,963

1,618,930

Freddie

Mac

Strips,

Series

406,

Class

F4,

5.08%,

10/25/2053

661,817

660,715

Government

National

Mortgage

Association,

Series

32,

Class

FT,

4.45%,

1/20/2034

357,441

357,344

Government

National

Mortgage

Association,

Series

46,

Class

MF,

4.55%,

5/16/2034

62,841

62,537

Government

National

Mortgage

Association,

Series

84,

Class

F,

4.40%,

11/16/2035

79,898

79,126

Government

National

Mortgage

Association,

Series

72,

Class

HF,

4.59%,

11/20/2037

144,421

143,527

Government

National

Mortgage

Association,

Series

79,

Class

FA,

4.60%,

12/20/2037

1,316,263

1,308,532

Government

National

Mortgage

Association,

Series

3,

Class

FA,

4.60%,

1/20/2038

1,115,473

1,113,441

Government

National

Mortgage

Association,

Series

51,

Class

FH,

4.90%,

6/16/2038

102,465

102,727

Government

National

Mortgage

Association,

Series

51,

Class

FG,

4.92%,

6/16/2038

59,408

59,584

Government

National

Mortgage

Association,

Series

68,

Class

FA,

5.10%,

8/20/2038

569,487

571,677

Government

National

Mortgage

Association,

Series

66,

Class

FN,

5.10%,

8/20/2038

144,301

144,641

Government

National

Mortgage

Association,

Series

88,

Class

TF,

4.85%,

10/20/2038

350,494

350,473

Government

National

Mortgage

Association,

Series

6,

Class

FJ,

5.13%,

2/20/2039

489,101

489,130

Government

National

Mortgage

Association,

Series

15,

Class

FL,

5.10%,

3/20/2039

703,643

703,673

Government

National

Mortgage

Association,

Series

12,

Class

FA,

5.10%,

3/20/2039

703,642

704,431

Government

National

Mortgage

Association,

Series

29,

Class

FL,

4.80%,

5/16/2039

368,425

368,724

Government

National

Mortgage

Association,

Series

66,

Class

UF,

5.15%,

8/16/2039

91,306

92,156

Government

National

Mortgage

Association,

Series

92,

Class

FJ,

4.83%,

10/16/2039

91,784

91,918

Regan

Floating

Rate

MBS

ETF

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

94.99%

-

continued

Principal

Amount

Fair

Value

Government

National

Mortgage

Association,

Series

149,

Class

MF,

4.55%,

12/20/2039

$

1,436,800

$

1,429,047

Government

National

Mortgage

Association,

Series

20,

Class

FD,

4.97%,

2/20/2040

175,544

176,629

Government

National

Mortgage

Association,

Series

31,

Class

FV,

4.90%,

3/20/2040

170,811

171,476

Government

National

Mortgage

Association,

Series

2014-131,

Class

BW,

5.87%,

5/20/2041

143,272

141,911

Government

National

Mortgage

Association,

Series

153,

Class

LF,

4.40%,

7/16/2041

218,242

215,714

Government

National

Mortgage

Association,

Series

135,

Class

FN,

4.55%,

10/16/2041

1,757,292

1,743,385

Government

National

Mortgage

Association,

Series

113,

Class

QF,

4.45%,

2/20/2042

184,750

183,479

Government

National

Mortgage

Association,

Series

34,

Class

FA,

4.60%,

3/20/2042

207,982

206,170

Government

National

Mortgage

Association,

Series

74,

Class

LF,

4.55%,

6/20/2042

1,093,800

1,082,319

Government

National

Mortgage

Association,

Series

124,

Class

GF,

4.40%,

10/20/2042

907,552

893,129

Government

National

Mortgage

Association,

Series

5,

Class

FA,

4.60%,

1/20/2044

2,188,165

2,175,947

Government

National

Mortgage

Association,

Series

110,

Class

DF,

4.37%,

8/20/2045

319,569

312,541

Government

National

Mortgage

Association,

Series

161,

Class

AF,

4.45%,

11/20/2045

526,792

516,486

Government

National

Mortgage

Association,

Series

33,

Class

UF,

4.60%,

3/20/2046

3,036,761

2,992,387

Government

National

Mortgage

Association,

Series

49,

Class

MF,

4.65%,

4/20/2046

937,002

933,299

Government

National

Mortgage

Association,

Series

83,

Class

NF,

4.65%,

6/20/2046

1,200,706

1,184,010

Government

National

Mortgage

Association,

Series

1,

Class

EF,

4.55%,

1/20/2048

997,586

971,592

Government

National

Mortgage

Association,

Series

138,

Class

FB,

4.45%,

10/20/2048

1,790,811

1,746,263

Government

National

Mortgage

Association,

Series

35,

Class

GF,

4.60%,

3/20/2049

1,233,614

1,217,464

Government

National

Mortgage

Association,

Series

31,

Class

GF,

4.60%,

3/20/2049

340,162

335,651

Government

National

Mortgage

Association,

Series

33,

Class

F,

4.60%,

3/20/2049

126,256

124,077

Government

National

Mortgage

Association,

Series

44,

Class

FM,

4.60%,

4/20/2049

990,512

971,902

Government

National

Mortgage

Association,

Series

98,

Class

KF,

4.60%,

8/20/2049

3,238,731

3,173,970

Regan

Floating

Rate

MBS

ETF

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

(a) Floating

rate

security.

The

rate

shown

is

the

effective

interest

rate

as

of

October

31,

2025. COLLATERALIZED

MORTGAGE

OBLIGATIONS

—

94.99%

-

continued

Principal

Amount

Fair

Value

Government

National

Mortgage

Association,

Series

30,

Class

FE,

4.60%,

3/20/2050

$

1,521,143

$

1,489,876

Government

National

Mortgage

Association,

Series

98,

Class

FM,

2.50%,

6/20/2051

163,788

138,223

Government

National

Mortgage

Association,

Series

154,

Class

FC,

4.73%,

9/20/2052

1,383,643

1,353,523

Government

National

Mortgage

Association,

Series

96,

Class

FA,

5.23%,

7/20/2053

93,621

93,758

Government

National

Mortgage

Association,

Series

111,

Class

FN,

5.38%,

8/20/2053

109,425

109,843

Government

National

Mortgage

Association,

Series

128,

Class

CF,

5.38%,

8/20/2053

119,926

120,380

Government

National

Mortgage

Association,

Series

173,

Class

FL,

5.18%,

11/20/2053

204,250

204,234

Government

National

Mortgage

Association,

Series

51,

Class

FL,

5.08%,

3/20/2054

220,144

219,873

Government

National

Mortgage

Association,

Series

64,

Class

YK,

5.18%,

4/20/2054

77,224

77,276

Government

National

Mortgage

Association,

Series

64,

Class

YX,

5.49%,

4/20/2054

566,999

568,488

Government

National

Mortgage

Association,

Series

97,

Class

CF,

5.33%,

6/20/2054

191,149

191,535

Government

National

Mortgage

Association,

Series

97,

Class

FW,

5.33%,

6/20/2054

195,890

196,291

Government

National

Mortgage

Association,

Series

126,

Class

FJ,

5.28%,

8/20/2054

158,316

158,568

Government

National

Mortgage

Association,

Series

159,

Class

FM,

5.23%,

10/20/2054

166,856

167,035

Government

National

Mortgage

Association,

Series

1,

Class

NF,

5.28%,

1/20/2055

294,459

295,121

Government

National

Mortgage

Association,

Series

H26,

Class

FG,

4.91%,

10/20/2065

122,261

122,289

Government

National

Mortgage

Association,

Series

2020-H04,

Class

FP,

4.89%,

6/20/2069

162,737

162,688

Total

Collateralized

Mortgage

Obligations

(Cost $145,337,910)

146,447,643

U.S.

GOVERNMENT

&

AGENCIES

—

5.35%

(a) United

States

Treasury

Floating

Rate

Note,

3.92 %

,

4/30/2026

6,250,000

6,248,787

United

States

Treasury

Floating

Rate

Note,

3.95 %

,

7/31/2026

2,000,000

1,999,977

Total

U.S.

Government

&

Agencies

(Cost $8,249,049)

8,248,764

Total

Investments

—

100.34%

(Cost

$153,586,959)

154,696,407

Liabilities

in

Excess

of

Other

Assets — (0.34)%

(523,651)

NET

ASSETS

—

100.00%

$

154,172,756

Regan

Floating

Rate

MBS

ETF

Schedule

of

Investments

(continued)

October

31,

2025

(Unaudited)

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Valued Advisers Trust

- **b. Investment Company Act file number:** 811-22208

- **c. CIK number of Registrant:** 0001437249

- **d. LEI of Registrant:** 549300W12YUPFS7QVT86

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** REGAN FLOATING RATE MBS ETF

- **b. EDGAR series identifier (if any):** S000084093

- **c. LEI of Series:** 529900Y3DX75IOWM0D49

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $154184151.21

**Total Liabilities:** $11395.36

**Net Assets:** $154172755.85

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3.36876539 | **1-Year:** 4744.26296361 | **5-Year:** 40789.35263537 | **10-Year:** 24083.98752138 | **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 C000248358 | 0.62%                | 0.42%                | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $80027.85                | $336392.10                                 |
| Month 2  | $68411.10                | $-12452.27                                 |
| Month 3  | $33254.11                | $516338.12                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 07/15/2034                           | CUSIP: 31397GSV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    253798 | PA      | $251408.72    | 0.16%             | 2034-07-15      | Floating      | 4.67%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 08/20/2054     | CUSIP: 38384UVK2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    158316 | PA      | $158567.59    | 0.10%             | 2054-08-20      | Floating      | 5.28%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2041                            | CUSIP: 31397UGE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    532443 | PA      | $528758.55    | 0.34%             | 2041-06-25      | Floating      | 4.74%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Securities REMIC Trust 2005-S001 Floating Rate, Due 09/25/2035 | CUSIP: 35562QAB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |    864927 | PA      | $846428.20    | 0.55%             | 2035-09-25      | Floating      | 4.26%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2036                            | CUSIP: 31395N5Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    318642 | PA      | $315705.96    | 0.20%             | 2036-07-25      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 08/20/2038     | CUSIP: 38375XPF5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    569486 | PA      | $571676.80    | 0.37%             | 2038-08-20      | Floating      | 5.10%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 06/16/2038     | CUSIP: 38375QV97<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     59408 | PA      | $59584.09     | 0.04%             | 2038-06-16      | Floating      | 4.92%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2050                            | CUSIP: 3136B8D30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    709410 | PA      | $693085.98    | 0.45%             | 2050-03-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 09/25/2039                            | CUSIP: 31396QN21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    220182 | PA      | $221597.37    | 0.14%             | 2039-09-25      | Floating      | 5.05%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 02/25/2042                            | CUSIP: 3136A32C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    392290 | PA      | $390937.93    | 0.25%             | 2042-02-25      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 11/16/2035     | CUSIP: 38374MEN5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     79898 | PA      | $79126.32     | 0.05%             | 2035-11-16      | Floating      | 4.40%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 04/20/2046     | CUSIP: 38379WFQ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    937002 | PA      | $933299.31    | 0.61%             | 2046-04-20      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 07/15/2035                           | CUSIP: 31395W4B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    141460 | PA      | $140392.20    | 0.09%             | 2035-07-15      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2037                            | CUSIP: 31396XK94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     49673 | PA      | $49548.40     | 0.03%             | 2037-11-25      | Floating      | 4.87%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2042                            | CUSIP: 3136A7EC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    790734 | PA      | $783576.65    | 0.51%             | 2042-07-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 12/25/2041                            | CUSIP: 3136A2XF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    154039 | PA      | $151929.05    | 0.10%             | 2041-12-25      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 11/25/2054                           | CUSIP: 3137HHFL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    137281 | PA      | $137602.05    | 0.09%             | 2054-11-25      | Floating      | 5.48%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 06/15/2046                           | CUSIP: 3137BPXH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     66027 | PA      | $65517.20     | 0.04%             | 2046-06-15      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 12/20/2039     | CUSIP: 38378UKX4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1436800 | PA      | $1429047.08   | 0.93%             | 2039-12-20      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 12/25/2054                           | CUSIP: 3137HHUD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    147717 | PA      | $148216.98    | 0.10%             | 2054-12-25      | Floating      | 5.33%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 03/15/2049                           | CUSIP: 3137FL2W3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    158042 | PA      | $154729.65    | 0.10%             | 2049-03-15      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2044                            | CUSIP: 3136AJEU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    159065 | PA      | $157782.25    | 0.10%             | 2044-03-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2041                            | CUSIP: 3136A3FE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     44098 | PA      | $44002.90     | 0.03%             | 2041-11-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 09/25/2054                           | CUSIP: 3137HHH53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    445555 | PA      | $446075.74    | 0.29%             | 2054-09-25      | Floating      | 5.28%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 10/15/2033                           | CUSIP: 3137AJZT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    671974 | PA      | $668401.22    | 0.43%             | 2033-10-15      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 04/25/2036                            | CUSIP: 31395BU43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     76691 | PA      | $76026.16     | 0.05%             | 2036-04-25      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 11/25/2054                           | CUSIP: 3137HHDE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    441535 | PA      | $442001.15    | 0.29%             | 2054-11-25      | Floating      | 5.28%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 06/16/2038     | CUSIP: 38375QW21<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    102465 | PA      | $102726.93    | 0.07%             | 2038-06-16      | Floating      | 4.90%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 10/25/2047                            | CUSIP: 3136AYHK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    562234 | PA      | $556916.47    | 0.36%             | 2047-10-25      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 04/20/2049     | CUSIP: 38381TRK3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    990512 | PA      | $971902.25    | 0.63%             | 2049-04-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 05/25/2034                            | CUSIP: 31393YBS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    165491 | PA      | $164471.07    | 0.11%             | 2034-05-25      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 10/16/2039     | CUSIP: 38376CR84<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     91784 | PA      | $91918.31     | 0.06%             | 2039-10-16      | Floating      | 4.83%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2037                           | CUSIP: 31397HDF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     13909 | PA      | $13727.65     | 0.01%             | 2037-05-15      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 08/15/2040                           | CUSIP: 3137A2C74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    146764 | PA      | $146434.33    | 0.09%             | 2040-08-15      | Floating      | 4.85%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 11/15/2040                           | CUSIP: 3137A3L49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    733146 | PA      | $729482.24    | 0.47%             | 2040-11-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2048                           | CUSIP: 3137FH4G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     47586 | PA      | $46632.35     | 0.03%             | 2048-09-15      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2050                            | CUSIP: 3136B8GL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1308176 | PA      | $1282649.95   | 0.83%             | 2050-01-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 02/25/2043                            | CUSIP: 3136ACCA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    179299 | PA      | $176478.72    | 0.11%             | 2043-02-25      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 10/25/2054                            | CUSIP: 3136BTBD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    278522 | PA      | $279453.13    | 0.18%             | 2054-10-25      | Floating      | 5.38%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2037                           | CUSIP: 31397KNW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     75541 | PA      | $75430.95     | 0.05%             | 2037-09-15      | Floating      | 4.95%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2039                            | CUSIP: 31397NM93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    273909 | PA      | $275236.86    | 0.18%             | 2039-06-25      | Floating      | 5.00%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2053                            | CUSIP: 3136BPB34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1494029 | PA      | $1484142.78   | 0.96%             | 2053-03-25      | Floating      | 4.83%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 11/25/2052                           | CUSIP: 3137H9FR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    126824 | PA      | $126836.30    | 0.08%             | 2052-11-25      | Floating      | 5.43%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2039     | CUSIP: 38374TKE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    703643 | PA      | $703673.40    | 0.46%             | 2039-03-20      | Floating      | 5.10%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 11/15/2040                           | CUSIP: 3137A2SY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    251928 | PA      | $250526.03    | 0.16%             | 2040-11-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae Trust 2003-W6 Floating Rate, Due 08/25/2042                     | CUSIP: 31393BW76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    124106 | PA      | $122218.47    | 0.08%             | 2042-08-25      | Variable      | 4.76%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 07/15/2031                           | CUSIP: 31393MLN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     90120 | PA      | $91186.76     | 0.06%             | 2031-07-15      | Floating      | 5.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 03/15/2032                           | CUSIP: 31392TSB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     41988 | PA      | $42412.75     | 0.03%             | 2032-03-15      | Floating      | 5.35%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 01/15/2045                           | CUSIP: 3137BFXK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4576682 | PA      | $4503597.06   | 2.92%             | 2045-01-15      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 12/20/2037     | CUSIP: 383742AA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1316263 | PA      | $1308532.24   | 0.85%             | 2037-12-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2036                            | CUSIP: 31396LHX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     22555 | PA      | $22201.38     | 0.01%             | 2036-07-25      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 08/15/2057                           | CUSIP: 3137FKAN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1036729 | PA      | $1010378.16   | 0.66%             | 2057-08-15      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 08/25/2038                            | CUSIP: 31397MKX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    795667 | PA      | $804924.93    | 0.52%             | 2038-08-25      | Floating      | 5.27%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2036                            | CUSIP: 31396LLP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    146798 | PA      | $145571.95    | 0.09%             | 2036-11-25      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2042                            | CUSIP: 3136A95L8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1134907 | PA      | $1120301.38   | 0.73%             | 2042-11-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2045                           | CUSIP: 3137BJ3U5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    272335 | PA      | $265945.25    | 0.17%             | 2045-05-15      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 10/15/2033                           | CUSIP: 31394NT81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     37484 | PA      | $37518.39     | 0.02%             | 2033-10-15      | Floating      | 4.95%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 08/25/2050                            | CUSIP: 3136BQDY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    292893 | PA      | $287004.12    | 0.19%             | 2050-08-25      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2049                            | CUSIP: 3136B7AM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   4586005 | PA      | $4504310.02   | 2.92%             | 2049-11-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Fannie Mae REMICS Floating Rate, Due 08/25/2049                            | CUSIP: 3136B5ZG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    624198 | PA      | $614665.31    | 0.40%             | 2049-08-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 06/25/2050                           | CUSIP: 3137FTVA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1105008 | PA      | $1080379.57   | 0.70%             | 2050-06-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2032                           | CUSIP: 31392KWQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     43418 | PA      | $43861.17     | 0.03%             | 2032-05-15      | Floating      | 5.35%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 04/25/2054                           | CUSIP: 3137HC4W9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    232914 | PA      | $233684.47    | 0.15%             | 2054-04-25      | Floating      | 5.13%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 10/25/2049                            | CUSIP: 3136B6QH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    972878 | PA      | $957069.73    | 0.62%             | 2049-10-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 06/20/2051     | CUSIP: 38382TD35<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    163788 | PA      | $138222.79    | 0.09%             | 2051-06-20      | Floating      | 2.50%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 08/25/2049                           | CUSIP: 3137FN5F3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    378550 | PA      | $373024.94    | 0.24%             | 2049-08-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 08/20/2053     | CUSIP: 38384CLD9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    109425 | PA      | $109843.44    | 0.07%             | 2053-08-20      | Floating      | 5.38%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 10/15/2042                           | CUSIP: 3137AUZ28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    230489 | PA      | $228865.16    | 0.15%             | 2042-10-15      | Floating      | 4.75%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2033                            | CUSIP: 31393DHB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    174867 | PA      | $178142.37    | 0.12%             | 2033-07-25      | Floating      | 5.93%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2042                            | CUSIP: 3136A4NT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     65008 | PA      | $64611.24     | 0.04%             | 2042-03-25      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2036                           | CUSIP: 31396RPG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    104376 | PA      | $103541.26    | 0.07%             | 2036-05-15      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 11/25/2049                           | CUSIP: 3137FPPK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    390809 | PA      | $382885.86    | 0.25%             | 2049-11-25      | Floating      | 4.80%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 04/15/2037                           | CUSIP: 31397GEG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     86004 | PA      | $85308.75     | 0.06%             | 2037-04-15      | Floating      | 4.78%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 08/20/2038     | CUSIP: 38375XM50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    144301 | PA      | $144640.79    | 0.09%             | 2038-08-20      | Floating      | 5.10%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 06/15/2048                           | CUSIP: 3137FHED1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    521943 | PA      | $507624.53    | 0.33%             | 2048-06-15      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 12/15/2043                           | CUSIP: 3137B6PA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1503823 | PA      | $1493294.49   | 0.97%             | 2043-12-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 02/20/2039     | CUSIP: 38375Y6H0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    489101 | PA      | $489129.72    | 0.32%             | 2039-02-20      | Floating      | 5.13%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 08/25/2050                            | CUSIP: 3136BBGN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    391815 | PA      | $376623.52    | 0.24%             | 2050-08-25      | Variable      | 4.52%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 06/25/2052                           | CUSIP: 3137H9E54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    746299 | PA      | $742409.20    | 0.48%             | 2052-06-25      | Floating      | 5.13%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 03/25/2055                           | CUSIP: 3137HKN91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    176804 | PA      | $176773.37    | 0.11%             | 2055-03-25      | Floating      | 5.38%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2049     | CUSIP: 38381RXE4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    340162 | PA      | $335651.08    | 0.22%             | 2049-03-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 11/25/2054                           | CUSIP: 3137HHDJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    165140 | PA      | $165416.18    | 0.11%             | 2054-11-25      | Floating      | 5.33%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/25/2049                           | CUSIP: 3137FNQV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    165628 | PA      | $164137.98    | 0.11%             | 2049-09-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 04/20/2054     | CUSIP: 38384MZC4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    566999 | PA      | $568487.89    | 0.37%             | 2054-04-20      | Floating      | 5.49%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 04/25/2035                            | CUSIP: 31394DAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     80015 | PA      | $79316.24     | 0.05%             | 2035-04-25      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 12/25/2054                           | CUSIP: 3137HHNF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    810768 | PA      | $814642.58    | 0.53%             | 2054-12-25      | Floating      | 5.48%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 08/20/2053     | CUSIP: 38384CPM5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    119926 | PA      | $120380.06    | 0.08%             | 2053-08-20      | Floating      | 5.38%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 06/20/2046     | CUSIP: 38381XAR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1200706 | PA      | $1184010.23   | 0.77%             | 2046-06-20      | Variable      | 4.65%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2055                            | CUSIP: 3136BUQL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    824993 | PA      | $828041.53    | 0.54%             | 2055-01-25      | Floating      | 5.43%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 10/15/2047                           | CUSIP: 3132J0SY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1637963 | PA      | $1618930.27   | 1.05%             | 2047-10-15      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 04/15/2038                           | CUSIP: 3137FHRY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    513109 | PA      | $506424.57    | 0.33%             | 2038-04-15      | Variable      | 4.82%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 12/25/2049                            | CUSIP: 3136B8FD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2109571 | PA      | $2070868.85   | 1.34%             | 2049-12-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 03/15/2049                           | CUSIP: 3137FNJJ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1390116 | PA      | $1359176.27   | 0.88%             | 2049-03-15      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 01/15/2047                           | CUSIP: 3137BUJS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    264246 | PA      | $259968.00    | 0.17%             | 2047-01-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2042     | CUSIP: 38378D2P9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    207982 | PA      | $206169.80    | 0.13%             | 2042-03-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 10/15/2039                           | CUSIP: 3137HAL87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    155449 | PA      | $155892.57    | 0.10%             | 2039-10-15      | Floating      | 5.05%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2036                           | CUSIP: 31397BDF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    276494 | PA      | $274368.45    | 0.18%             | 2036-09-15      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 02/20/2040     | CUSIP: 38376VBU0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    175544 | PA      | $176628.77    | 0.11%             | 2040-02-20      | Floating      | 4.97%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 02/25/2043                            | CUSIP: 3136ACBN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    137708 | PA      | $135522.26    | 0.09%             | 2043-02-25      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 06/15/2038                           | CUSIP: 31397WGA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    790934 | PA      | $794538.05    | 0.52%             | 2038-06-15      | Floating      | 5.25%                 | No            | N/A                | On Loan: No      |
| GINNIE MAE (H) 23-85                                   | Government National Mortgage Association Floating Rate, Due 07/20/2053     | CUSIP: 38384B2Z3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | CORP              | US        |     93621 | PA      | $93758.45     | 0.06%             | 2053-07-20      | Floating      | 5.23%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 05/16/2034     | CUSIP: 38376YCG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     62841 | PA      | $62536.89     | 0.04%             | 2034-05-16      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 04/25/2036                            | CUSIP: 31395BS87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    298897 | PA      | $295861.21    | 0.19%             | 2036-04-25      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Fannie Mae REMICS Floating Rate, Due 12/25/2043                            | CUSIP: 3136AHCG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    143017 | PA      | $141507.62    | 0.09%             | 2043-12-25      | Floating      | 4.82%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2053                            | CUSIP: 3136BU3N8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    392986 | PA      | $394873.27    | 0.26%             | 2053-07-25      | Floating      | 5.48%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2032                            | CUSIP: 31392B4W3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     41964 | PA      | $42162.19     | 0.03%             | 2032-03-25      | Floating      | 5.20%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 08/25/2048                            | CUSIP: 3136B2D74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    501342 | PA      | $487280.15    | 0.32%             | 2048-08-25      | Floating      | 4.60%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 01/20/2055     | CUSIP: 38385CGL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    294459 | PA      | $295120.52    | 0.19%             | 2055-01-20      | Floating      | 5.28%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2032                            | CUSIP: 31392B4V5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     41964 | PA      | $42162.19     | 0.03%             | 2032-03-25      | Floating      | 5.20%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2036                           | CUSIP: 31396RKK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     96065 | PA      | $95471.49     | 0.06%             | 2036-05-15      | Floating      | 4.76%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 10/20/2038     | CUSIP: 38375YXR8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    350494 | PA      | $350472.98    | 0.23%             | 2038-10-20      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 02/15/2037                           | CUSIP: 31397EWG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    143762 | PA      | $142188.53    | 0.09%             | 2037-02-15      | Floating      | 4.67%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2048                            | CUSIP: 31397MCG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     72903 | PA      | $73769.91     | 0.05%             | 2048-07-25      | Floating      | 5.24%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 05/25/2055                            | CUSIP: 3136BVWT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    313646 | PA      | $314984.77    | 0.20%             | 2055-05-25      | Floating      | 5.43%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 04/25/2037                            | CUSIP: 31396VCB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     86609 | PA      | $85598.52     | 0.06%             | 2037-04-25      | Floating      | 4.63%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 05/25/2041                            | CUSIP: 31397ST95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    185589 | PA      | $184196.50    | 0.12%             | 2041-05-25      | Floating      | 4.72%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 08/15/2056                           | CUSIP: 3137FJJR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    943917 | PA      | $920457.08    | 0.60%             | 2056-08-15      | Floating      | 4.75%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 04/25/2055                           | CUSIP: 3137HKVR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    176346 | PA      | $176026.26    | 0.11%             | 2055-04-25      | Floating      | 5.38%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 10/20/2048     | CUSIP: 38381ACN4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1790811 | PA      | $1746263.13   | 1.13%             | 2048-10-20      | Floating      | 4.45%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 06/20/2054     | CUSIP: 38384PWY2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    191149 | PA      | $191534.77    | 0.12%             | 2054-06-20      | Floating      | 5.33%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2050                            | CUSIP: 3136B94A2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2115326 | PA      | $2063214.53   | 1.34%             | 2050-06-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 01/15/2035                           | CUSIP: 3137B5QZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    333401 | PA      | $330901.29    | 0.21%             | 2035-01-15      | Floating      | 4.75%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 08/15/2042                           | CUSIP: 3128HXT88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    198815 | PA      | $198119.72    | 0.13%             | 2042-08-15      | Floating      | 4.85%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2036                            | CUSIP: 31396LHW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     33284 | PA      | $32788.67     | 0.02%             | 2036-07-25      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 10/25/2049                           | CUSIP: 3137FP2X2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1783137 | PA      | $1748756.90   | 1.13%             | 2049-10-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2040     | CUSIP: 38376XE90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    170811 | PA      | $171476.11    | 0.11%             | 2040-03-20      | Floating      | 4.90%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2043                           | CUSIP: 3137B5G64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     63410 | PA      | $62805.06     | 0.04%             | 2043-09-15      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 10/20/2042     | CUSIP: 38378H3R5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    907552 | PA      | $893128.90    | 0.58%             | 2042-10-20      | Floating      | 4.40%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 05/25/2046                            | CUSIP: 3136ART24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1143573 | PA      | $1129870.41   | 0.73%             | 2046-05-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 01/20/2048     | CUSIP: 38380UC27<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    997586 | PA      | $971591.67    | 0.63%             | 2048-01-20      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 08/16/2039     | CUSIP: 38376FRF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     91306 | PA      | $92156.27     | 0.06%             | 2039-08-16      | Floating      | 5.15%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2038                            | CUSIP: 31396YAX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    255228 | PA      | $255723.72    | 0.17%             | 2038-01-25      | Floating      | 5.00%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2042                           | CUSIP: 3137AUDY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    795730 | PA      | $785152.74    | 0.51%             | 2042-09-15      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 10/20/2054     | CUSIP: 38384YDN8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    166856 | PA      | $167034.63    | 0.11%             | 2054-10-20      | Floating      | 5.23%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 02/15/2038                           | CUSIP: 31397RBZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    295478 | PA      | $296564.11    | 0.19%             | 2038-02-15      | Floating      | 5.10%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Fannie Mae REMICS Floating Rate, Due 07/25/2049                            | CUSIP: 3136B5MX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    478140 | PA      | $467243.92    | 0.30%             | 2049-07-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 01/15/2032                           | CUSIP: 31339MLH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     20361 | PA      | $20425.48     | 0.01%             | 2032-01-15      | Floating      | 5.25%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 10/25/2053                           | CUSIP: 3133Q3G39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    661817 | PA      | $660715.37    | 0.43%             | 2053-10-25      | Floating      | 5.08%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 04/15/2041                           | CUSIP: 3137A9HT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    208675 | PA      | $207753.72    | 0.13%             | 2041-04-15      | Floating      | 4.90%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2038                            | CUSIP: 31396YMD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     56270 | PA      | $56319.06     | 0.04%             | 2038-03-25      | Floating      | 4.97%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2049     | CUSIP: 38381TBW4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    126256 | PA      | $124077.15    | 0.08%             | 2049-03-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2050                            | CUSIP: 3136B9AP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   5672013 | PA      | $5563103.58   | 3.61%             | 2050-03-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2037                           | CUSIP: 3137B5YE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    277460 | PA      | $275208.38    | 0.18%             | 2037-09-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 08/15/2037                           | CUSIP: 31397KEW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    155933 | PA      | $155444.07    | 0.10%             | 2037-08-15      | Floating      | 4.90%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 01/25/2050                           | CUSIP: 3137FQLW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    260381 | PA      | $255693.46    | 0.17%             | 2050-01-25      | Floating      | 4.85%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 12/15/2043                           | CUSIP: 3137B6GT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    491443 | PA      | $486219.71    | 0.32%             | 2043-12-15      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2046                           | CUSIP: 3137BRU78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2647271 | PA      | $2606054.85   | 1.69%             | 2046-09-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2037                           | CUSIP: 31397H7K8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     92153 | PA      | $91083.36     | 0.06%             | 2037-05-15      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 10/25/2054                            | CUSIP: 3136BS5D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    481264 | PA      | $480922.08    | 0.31%             | 2054-10-25      | Floating      | 5.13%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 03/25/2050                           | CUSIP: 3137FRTX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    623932 | PA      | $609120.39    | 0.40%             | 2050-03-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 10/15/2038                           | CUSIP: 3137BRYG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     72444 | PA      | $71472.12     | 0.05%             | 2038-10-15      | Variable      | 4.82%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 06/20/2054     | CUSIP: 38384PYX2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    195890 | PA      | $196290.89    | 0.13%             | 2054-06-20      | Floating      | 5.33%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 11/20/2053     | CUSIP: 38384GDE7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    204250 | PA      | $204233.84    | 0.13%             | 2053-11-20      | Floating      | 5.18%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 03/15/2032                           | CUSIP: 31392MT93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     44236 | PA      | $44675.08     | 0.03%             | 2032-03-15      | Floating      | 5.35%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 03/15/2037                           | CUSIP: 31397FLB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    215315 | PA      | $213175.13    | 0.14%             | 2037-03-15      | Floating      | 4.72%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/25/2050                           | CUSIP: 3137FUY81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    610661 | PA      | $593221.08    | 0.38%             | 2050-05-25      | Floating      | 4.65%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2045                            | CUSIP: 3136AQKY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     83320 | PA      | $82118.57     | 0.05%             | 2045-11-25      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2040                           | CUSIP: 31398QGG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    144284 | PA      | $144548.99    | 0.09%             | 2040-05-15      | Floating      | 5.08%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 07/15/2031                           | CUSIP: 313398NY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     31368 | PA      | $31628.38     | 0.02%             | 2031-07-15      | Floating      | 5.32%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 10/25/2036                            | CUSIP: 31396LHV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    738894 | PA      | $733669.45    | 0.48%             | 2036-10-25      | Floating      | 4.72%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 02/15/2048                           | CUSIP: 3137FDT93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    871479 | PA      | $847504.20    | 0.55%             | 2048-02-15      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 08/25/2032                            | CUSIP: 31392EJM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     39303 | PA      | $39265.09     | 0.03%             | 2032-08-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2036                            | CUSIP: 31395BJT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    109742 | PA      | $108785.70    | 0.07%             | 2036-03-25      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 09/25/2033                            | CUSIP: 31393TKR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     50895 | PA      | $50718.89     | 0.03%             | 2033-09-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 07/15/2033                           | CUSIP: 31394GED1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     86148 | PA      | $88207.21     | 0.06%             | 2033-07-15      | Floating      | 5.93%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 05/16/2039     | CUSIP: 38374UTZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    368425 | PA      | $368724.19    | 0.24%             | 2039-05-16      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 02/25/2055                            | CUSIP: 3136BUS68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    176218 | PA      | $175473.41    | 0.11%             | 2055-02-25      | Floating      | 5.03%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2049     | CUSIP: 38381RG60<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1233614 | PA      | $1217464.48   | 0.79%             | 2049-03-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 04/20/2054     | CUSIP: 38384MMW4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     77224 | PA      | $77276.38     | 0.05%             | 2054-04-20      | Floating      | 5.18%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2039     | CUSIP: 38374XJG1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    703642 | PA      | $704431.17    | 0.46%             | 2039-03-20      | Floating      | 5.10%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 09/25/2037                            | CUSIP: 31396XNE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    140821 | PA      | $140505.51    | 0.09%             | 2037-09-25      | Floating      | 4.87%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2036                            | CUSIP: 31395NEK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     99436 | PA      | $98721.75     | 0.06%             | 2036-06-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 10/25/2042                            | CUSIP: 3136A8H60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     77874 | PA      | $76636.34     | 0.05%             | 2042-10-25      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 01/20/2044     | CUSIP: 38376MAC1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2188165 | PA      | $2175947.38   | 1.41%             | 2044-01-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 07/15/2042                           | CUSIP: 3128HXM85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     96048 | PA      | $95351.54     | 0.06%             | 2042-07-15      | Floating      | 4.90%                 | No            | N/A                | On Loan: No      |
| United States Treasury Notes                           | United States Treasury Floating Rate Note Floating Rate, Due 07/31/2026    | CUSIP: 91282CLA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1999976.84   | 1.30%             | 2026-07-31      | Floating      | 3.95%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 06/25/2051                           | CUSIP: 3137H0SS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    641677 | PA      | $611585.32    | 0.40%             | 2051-06-25      | Floating      | 4.38%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2048                           | CUSIP: 3137F5B32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    916787 | PA      | $890506.74    | 0.58%             | 2048-05-15      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 08/15/2041                           | CUSIP: 3137AUDT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    273301 | PA      | $272560.04    | 0.18%             | 2041-08-15      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2050                            | CUSIP: 3136BQEE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    750869 | PA      | $741219.53    | 0.48%             | 2050-01-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 06/15/2042                           | CUSIP: 3128HXMD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    455198 | PA      | $451246.08    | 0.29%             | 2042-06-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 08/15/2043                           | CUSIP: 3137B3V70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    572513 | PA      | $566270.81    | 0.37%             | 2043-08-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2038                            | CUSIP: 31396YTT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    105152 | PA      | $105738.46    | 0.07%             | 2038-03-25      | Floating      | 5.10%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2054     | CUSIP: 38384KTL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    220144 | PA      | $219872.57    | 0.14%             | 2054-03-20      | Floating      | 5.08%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 06/20/2042     | CUSIP: 38375CZ37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1093800 | PA      | $1082319.43   | 0.70%             | 2042-06-20      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 10/15/2042                           | CUSIP: 3137AVM87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1458773 | PA      | $1435787.45   | 0.93%             | 2042-10-15      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2048                            | CUSIP: 3136B2DN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    119069 | PA      | $117673.96    | 0.08%             | 2048-06-25      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Fannie Mae REMICS Floating Rate, Due 07/25/2049                            | CUSIP: 3136B5EY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1194590 | PA      | $1170626.37   | 0.76%             | 2049-07-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Fannie Mae REMICS Floating Rate, Due 07/25/2049                            | CUSIP: 3136B5DQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   4853486 | PA      | $4757041.63   | 3.09%             | 2049-07-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2033                            | CUSIP: 31393DJV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     37280 | PA      | $37870.75     | 0.02%             | 2033-07-25      | Floating      | 5.83%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 08/15/2042                           | CUSIP: 3128HXYR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     79244 | PA      | $78965.57     | 0.05%             | 2042-08-15      | Floating      | 4.85%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 08/20/2045     | CUSIP: 38379MTG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    319569 | PA      | $312540.68    | 0.20%             | 2045-08-20      | Floating      | 4.37%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 09/20/2052     | CUSIP: 38383YWM0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1383643 | PA      | $1353523.16   | 0.88%             | 2052-09-20      | Floating      | 4.73%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 09/25/2036                            | CUSIP: 31398FPZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     60820 | PA      | $61950.27     | 0.04%             | 2036-09-25      | Floating      | 5.50%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2047                            | CUSIP: 3136AUZP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1827719 | PA      | $1799117.40   | 1.17%             | 2047-01-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 10/15/2037                           | CUSIP: 31351DDT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     57813 | PA      | $57098.60     | 0.04%             | 2037-10-15      | Floating      | 4.82%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 05/25/2051                            | CUSIP: 3136BHDA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    444480 | PA      | $434880.55    | 0.28%             | 2051-05-25      | Variable      | 4.54%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 12/25/2035                            | CUSIP: 31394UK92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    344728 | PA      | $341795.67    | 0.22%             | 2035-12-25      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2038                            | CUSIP: 31396YAY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    109738 | PA      | $109951.32    | 0.07%             | 2038-01-25      | Floating      | 5.00%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2059                            | CUSIP: 3136B6Z71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    525476 | PA      | $520962.14    | 0.34%             | 2059-11-25      | Floating      | 4.80%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2036                           | CUSIP: 31396R5S2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    657461 | PA      | $652037.36    | 0.42%             | 2036-05-15      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 02/15/2044                           | CUSIP: 3137B7RJ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     86048 | PA      | $85230.00     | 0.06%             | 2044-02-15      | Floating      | 4.90%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 11/15/2036                           | CUSIP: 31397KED9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     51087 | PA      | $50615.61     | 0.03%             | 2036-11-15      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2046                            | CUSIP: 3136AUJS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    643981 | PA      | $632341.40    | 0.41%             | 2046-11-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 10/25/2032                            | CUSIP: 31392EXM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     31026 | PA      | $31009.41     | 0.02%             | 2032-10-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2039                            | CUSIP: 31397NN50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    256962 | PA      | $258178.91    | 0.17%             | 2039-06-25      | Floating      | 5.00%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 06/15/2054                           | CUSIP: 3137BBR69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2746481 | PA      | $2709393.69   | 1.76%             | 2054-06-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 02/25/2046                            | CUSIP: 3136ARDM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    134169 | PA      | $132621.14    | 0.09%             | 2046-02-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 11/20/2045     | CUSIP: 38379FUG2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    526792 | PA      | $516485.79    | 0.34%             | 2045-11-20      | Floating      | 4.45%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 08/20/2049     | CUSIP: 38381YDP6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   3238731 | PA      | $3173968.65   | 2.06%             | 2049-08-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 01/20/2034     | CUSIP: 38374GYB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    357441 | PA      | $357343.72    | 0.23%             | 2034-01-20      | Floating      | 4.45%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 12/25/2054                            | CUSIP: 3136BTK85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    627579 | PA      | $631463.06    | 0.41%             | 2054-12-25      | Floating      | 5.58%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Fannie Mae REMICS Floating Rate, Due 08/25/2059                            | CUSIP: 3136B5D77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    700603 | PA      | $685245.25    | 0.44%             | 2059-08-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2035                            | CUSIP: 31394DR28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    212612 | PA      | $210946.15    | 0.14%             | 2035-06-25      | Floating      | 4.64%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 05/20/2041     | CUSIP: 38379E2W1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    143272 | PA      | $141911.18    | 0.09%             | 2041-05-20      | Variable      | 5.87%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2036                           | CUSIP: 31397AT78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    190734 | PA      | $189295.64    | 0.12%             | 2036-09-15      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 06/20/2069     | CUSIP: 38380L2S1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    162737 | PA      | $162688.43    | 0.11%             | 2069-06-20      | Variable      | 4.89%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Fannie Mae REMICS Floating Rate, Due 03/25/2053                            | CUSIP: 3136B5E27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3895331 | PA      | $3869565.89   | 2.51%             | 2053-03-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 12/25/2049                            | CUSIP: 3136B7WQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    121604 | PA      | $119310.93    | 0.08%             | 2049-12-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 10/16/2041     | CUSIP: 38377YXG0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1757292 | PA      | $1743385.41   | 1.13%             | 2041-10-16      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2040                            | CUSIP: 31398RXN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     66963 | PA      | $67081.74     | 0.04%             | 2040-06-25      | Floating      | 5.03%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 12/15/2046                           | CUSIP: 3137FQLE1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    480204 | PA      | $473989.29    | 0.31%             | 2046-12-15      | Variable      | 4.97%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 10/20/2065     | CUSIP: 38376RKA3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    122261 | PA      | $122289.49    | 0.08%             | 2065-10-20      | Variable      | 4.91%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 12/15/2048                           | CUSIP: 3137FKBB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    603320 | PA      | $589203.17    | 0.38%             | 2048-12-15      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 09/25/2043                            | CUSIP: 3136AGFY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    282977 | PA      | $280576.55    | 0.18%             | 2043-09-25      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 09/15/2044                           | CUSIP: 3137BEBR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5906683 | PA      | $5809072.73   | 3.77%             | 2044-09-15      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 08/15/2048                           | CUSIP: 3137HBGQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    269093 | PA      | $270804.51    | 0.18%             | 2048-08-15      | Variable      | 5.36%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2050                            | CUSIP: 3136B72K6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    497833 | PA      | $488423.41    | 0.32%             | 2050-01-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 02/25/2038                            | CUSIP: 31396YHB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    204982 | PA      | $204225.12    | 0.13%             | 2038-02-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2043                            | CUSIP: 3136ACD99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    403025 | PA      | $396827.99    | 0.26%             | 2043-03-25      | Floating      | 4.65%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 12/15/2043                           | CUSIP: 3137B6VQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    115937 | PA      | $114890.57    | 0.07%             | 2043-12-15      | Floating      | 4.80%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2055                            | CUSIP: 3136BUQJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    170295 | PA      | $171121.48    | 0.11%             | 2055-01-25      | Floating      | 5.48%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 02/15/2040                           | CUSIP: 31398WQL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    133882 | PA      | $134239.65    | 0.09%             | 2040-02-15      | Floating      | 5.10%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 01/15/2032                           | CUSIP: 31339N3B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     56312 | PA      | $56849.54     | 0.04%             | 2032-01-15      | Floating      | 5.33%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 12/25/2054                            | CUSIP: 3136BTL27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1403221 | PA      | $1413342.82   | 0.92%             | 2054-12-25      | Floating      | 5.58%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2050     | CUSIP: 38382DZL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1521143 | PA      | $1489876.48   | 0.97%             | 2050-03-20      | Floating      | 4.60%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 09/15/2042                           | CUSIP: 3128HXZX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    317548 | PA      | $316450.65    | 0.21%             | 2042-09-15      | Floating      | 4.85%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes                           | United States Treasury Floating Rate Note Floating Rate, Due 04/30/2026    | CUSIP: 91282CKM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6250000 | PA      | $6248787.13   | 4.05%             | 2026-04-30      | Floating      | 3.92%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | Freddie Mac REMICS Floating Rate, Due 01/25/2055                           | CUSIP: 3137HJ2H9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     88457 | PA      | $88758.98     | 0.06%             | 2055-01-25      | Floating      | 5.33%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 01/25/2055                            | CUSIP: 3136BUEQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     88299 | PA      | $88423.17     | 0.06%             | 2055-01-25      | Floating      | 5.23%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 11/25/2049                            | CUSIP: 3136B64V2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    178248 | PA      | $175583.62    | 0.11%             | 2049-11-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 03/20/2046     | CUSIP: 38379VU28<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   3036761 | PA      | $2992386.88   | 1.94%             | 2046-03-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac Strips Floating Rate, Due 07/15/2036                           | CUSIP: 3128HVRY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    122034 | PA      | $120959.99    | 0.08%             | 2036-07-15      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 02/20/2042     | CUSIP: 38378WNB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    184750 | PA      | $183478.96    | 0.12%             | 2042-02-20      | Floating      | 4.45%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 04/25/2037                            | CUSIP: 31398RSW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    137436 | PA      | $137046.78    | 0.09%             | 2037-04-25      | Floating      | 4.86%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 01/15/2043                           | CUSIP: 3137AXWR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    449128 | PA      | $446349.37    | 0.29%             | 2043-01-15      | Floating      | 4.85%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 06/25/2048                            | CUSIP: 3136B2AH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    435607 | PA      | $428939.81    | 0.28%             | 2048-06-25      | Floating      | 4.55%                 | No            | N/A                | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 11/20/2037     | CUSIP: 38375LU73<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    144421 | PA      | $143527.11    | 0.09%             | 2037-11-20      | Floating      | 4.59%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 01/20/2038     | CUSIP: 38375PAF8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1115473 | PA      | $1113441.36   | 0.72%             | 2038-01-20      | Floating      | 4.60%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 01/15/2041                           | CUSIP: 3137AMAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    219311 | PA      | $217789.59    | 0.14%             | 2041-01-15      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 07/25/2049                            | CUSIP: 3136B45C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    608419 | PA      | $596011.66    | 0.39%             | 2049-07-25      | Floating      | 4.75%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 12/25/2046                            | CUSIP: 3136AURK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     51052 | PA      | $50678.61     | 0.03%             | 2046-12-25      | Floating      | 4.70%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 05/25/2050                            | CUSIP: 3136B9UC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    947501 | PA      | $923836.31    | 0.60%             | 2050-05-25      | Floating      | 4.75%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association Floating Rate, Due 07/16/2041     | CUSIP: 38378AEP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    218242 | PA      | $215714.05    | 0.14%             | 2041-07-16      | Floating      | 4.40%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 03/25/2032                            | CUSIP: 31392B4U7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     41964 | PA      | $42162.19     | 0.03%             | 2032-03-25      | Floating      | 5.20%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 09/25/2036                            | CUSIP: 31396KE99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    102068 | PA      | $101464.17    | 0.07%             | 2036-09-25      | Floating      | 4.76%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae REMICS Floating Rate, Due 04/25/2049                            | CUSIP: 3136B36T2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    251878 | PA      | $247428.68    | 0.16%             | 2049-04-25      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 05/15/2049                           | CUSIP: 3137FLVL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3828329 | PA      | $3753036.08   | 2.43%             | 2049-05-15      | Floating      | 4.80%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Freddie Mac REMICS Floating Rate, Due 10/15/2040                           | CUSIP: 3137GAPP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     89802 | PA      | $89334.43     | 0.06%             | 2040-10-15      | Floating      | 4.83%                 | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** Valued Advisers Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer