# EDGAR Filing Document

**Accession Number:** 0001886172
**File Stem:** 0001752724-25-197830
**Filing Date:** 2025-8
**Character Count:** 114451
**Document Hash:** 0869cf4607933e3f14f5399018116d9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-197830.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-197830

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20250930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23746
- **FILM NUMBER:** 251242411

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Tampa

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33602

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $314073352.07

**Total Liabilities:** $96290.95

**Net Assets:** $313977061.12

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 883.00000000 | **1-Year:** 32384.00000000 | **5-Year:** 26164.00000000 | **10-Year:** 7.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241667 | 0.64%                | 0.18%                | 0.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-31865.63               | $635014.04                                 |
| Month 2  | $-6019.14                | $-556924.05                                |
| Month 3  | $35056.71                | $811034.23                                 |

**Designated Index Information**

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

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

### Schedule of Portfolio Investments

| Name                                                                 | Title                                                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WHARF Commercial Mortgage Trust                                      | WHARF Commercial Mortgage Trust, Series 2025-DC, Class A                                      | CUSIP: 92987LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2041555.60   | 0.65%             | 2040-07-15      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| BX Mortgage Trust                                                    | BX Mortgage Trust, Series 2021-PAC, Class A                                                   | CUSIP: 05609PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1497175.80   | 0.48%             | 2036-10-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd.                                                     | HGI CRE CLO Ltd., Series 2021-FL1, Class C                                                    | CUSIP: 40441LAG1<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2502610.00   | 0.80%             | 2036-06-16      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2019-B15, Class A2                                           | CUSIP: 08160KAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668274 | PA      | $633445.65    | 0.20%             | 2072-12-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                                            | GPMT Ltd., Series 2021-FL3, Class A                                                           | CUSIP: 36264BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    569347 | PA      | $559733.74    | 0.18%             | 2035-07-16      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust                           | JPMCC Commercial Mortgage Securities Trust, Series 2019-COR5, Class A3                        | CUSIP: 46591EAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1913616.80   | 0.61%             | 2052-06-13      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DBJPM Mortgage Trust                                                 | DBJPM Mortgage Trust, Series 2020-C9, Class A3                                                | CUSIP: 233063AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2093982.30   | 0.67%             | 2053-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                         | BX Commercial Mortgage Trust, Series 2021-XL2, Class A                                        | CUSIP: 05609KAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1285149 | PA      | $1285342.53   | 0.41%             | 2038-10-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                        | UBS Commercial Mortgage Trust, Series 2018-C13, Class A3                                      | CUSIP: 90353KAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391905 | PA      | $387930.25    | 0.12%             | 2051-10-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| BX                                                                   | BX Trust, Series 2021-MFM1, Class C                                                           | CUSIP: 05608VAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1505000 | PA      | $1504803.60   | 0.48%             | 2034-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class XA                              | CUSIP: 949931AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20667439 | PA      | $988895.63    | 0.31%             | 2058-05-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                           | JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class A3                          | CUSIP: 46591AAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500381 | PA      | $496367.13    | 0.16%             | 2051-06-15      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| CEDR Commercial Mortgage Trust                                       | CEDR Commercial Mortgage Trust, Series 2022-SNAI, Class A                                     | CUSIP: 12524AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $973859.40    | 0.31%             | 2039-02-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                        | UBS Commercial Mortgage Trust, Series 2018-C8, Class A3                                       | CUSIP: 90276VAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600366 | PA      | $1579106.05   | 0.50%             | 2051-02-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2021-BN32, Class ASB                                                             | CUSIP: 06542BBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $985490.42    | 0.31%             | 2054-04-15      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2021-BN37, Class A1                                                              | CUSIP: 06540LAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    242507 | PA      | $237193.73    | 0.08%             | 2064-11-15      | Fixed         | 1.19%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                                       | MSWF Commercial Mortgage Trust, Series 2023-2, Class A1                                       | CUSIP: 55361AAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1083844 | PA      | $1099986.06   | 0.35%             | 2056-12-15      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2023-V2, Class A2                                            | CUSIP: 08163TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $787282.20    | 0.25%             | 2055-05-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2025-5C34, Class XA                                              | CUSIP: 07337BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19629414 | PA      | $974777.07    | 0.31%             | 2058-05-15      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2024-5C4, Class A1                                                 | CUSIP: 09660SAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1637054 | PA      | $1676166.40   | 0.53%             | 2057-05-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2016-C33, Class A4                              | CUSIP: 95000LAZ6<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |    725000 | PA      | $716829.40    | 0.23%             | 2059-03-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2021-C11, Class ASB                                              | CUSIP: 05493MAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2177000 | PA      | $2027026.47   | 0.65%             | 2054-09-15      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2020-GC45, Class AAB                                     | CUSIP: 36258YBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2739656 | PA      | $2645374.72   | 0.84%             | 2053-02-13      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2025-C11, Class A1                                                 | CUSIP: 05613XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1909511 | PA      | $1936914.08   | 0.62%             | 2058-02-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2024-5C5, Class A1                                                 | CUSIP: 05593RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    485702 | PA      | $485595.49    | 0.15%             | 2057-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2019-GC39, Class A3                                      | CUSIP: 36260JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234412 | PA      | $224290.06    | 0.07%             | 2052-05-10      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                                          | BANK5 Trust, Series 2024-5YR6, Class A1                                                       | CUSIP: 066043AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1642173 | PA      | $1679982.08   | 0.54%             | 2057-05-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2024-5YR8, Class A1                                                             | CUSIP: 065923AS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1661957 | PA      | $1683333.46   | 0.54%             | 2057-08-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                            | Commercial Mortgage Trust, Series 2016-COR1, Class A4                                         | CUSIP: 12594MBC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2450193.00   | 0.78%             | 2049-10-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| BRSP Ltd.                                                            | BRSP Ltd., Series 2021-FL1, Class A                                                           | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1063291 | PA      | $1054403.57   | 0.34%             | 2038-08-19      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2025-V14, Class A1                                           | CUSIP: 08164BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1957776 | PA      | $1976974.52   | 0.63%             | 2057-04-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                                      | WFRBS Commercial Mortgage Trust, Series 2014-C22, Class B                                     | CUSIP: 92890KBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $912302.80    | 0.29%             | 2057-09-15      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2024-5YR9, Class A3                                                             | CUSIP: 06644VBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1036214.30   | 0.33%             | 2057-08-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer LLC                                                     | BSPDF Issuer LLC, Series 2025-FL2, Class A                                                    | CUSIP: 05615KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001175.00   | 0.32%             | 2042-12-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2023-C5, Class A1                                                  | CUSIP: 055988AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1213466 | PA      | $1226386.05   | 0.39%             | 2056-06-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                                            | ACREC LLC, Series 2023-FL2, Class B                                                           | CUSIP: 00501BAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1006522.00   | 0.32%             | 2038-02-19      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2025-C12, Class A1                                                 | CUSIP: 05615DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1008802.00   | 0.32%             | 2058-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust, Series 2021-LGCY, Class B                                                           | CUSIP: 12434DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $997861.70    | 0.32%             | 2036-10-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2025-5C9, Class A1                                                 | CUSIP: 096933AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1101257 | PA      | $1107165.93   | 0.35%             | 2058-04-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                                        | MHC Commercial Mortgage Trust, Series 2021-MHC, Class B                                       | CUSIP: 55316VAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1000517.40   | 0.32%             | 2038-04-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2015-LC22, Class A4                             | CUSIP: 94989TAZ7<br>LEI: 549300XO83D3BDYP0P62 | Long             | ABS-MBS          | CORP              | US        |    747761 | PA      | $745552.06    | 0.24%             | 2058-09-15      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                         | BX Commercial Mortgage Trust, Series 2021-21M, Class A                                        | CUSIP: 05609CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    267766 | PA      | $267756.81    | 0.09%             | 2036-10-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                                       | MSWF Commercial Mortgage Trust, Series 2023-1, Class A1                                       | CUSIP: 55376CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1713895 | PA      | $1727635.44   | 0.55%             | 2056-05-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2023-5YR1, Class A3                                                             | CUSIP: 06644EAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3120513.90   | 0.99%             | 2056-04-15      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2022-BNK39, Class A1                                                             | CUSIP: 06539VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    599881 | PA      | $585387.17    | 0.19%             | 2055-02-15      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA                                                                                          | CUSIP: 3138LG4R4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4929780.40   | 1.57%             | 2027-01-01      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                           | CSMC Trust, Series 2016-NXSR, Class A4                                                        | CUSIP: 12594PAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1577589.12   | 0.50%             | 2049-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust, Series 2021-RISE, Class B                                                           | CUSIP: 12434EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1267994 | PA      | $1267016.41   | 0.40%             | 2036-11-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2025-5C10, Class XA                                                | CUSIP: 05615BAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17432807 | PA      | $975051.76    | 0.31%             | 2058-05-15      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2017-C1, Class ASB                                               | CUSIP: 07332VBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     64405 | PA      | $63652.17     | 0.02%             | 2050-02-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA                                                                                          | CUSIP: 3140LKSZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1001244 | PA      | $1003921.91   | 0.32%             | 2028-05-01      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                                 | LoanCore Issuer Ltd., Series 2021-CRE6, Class A                                               | CUSIP: 53948HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    861813 | PA      | $864798.18    | 0.28%             | 2038-11-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2023-5YR2, Class A3                                                             | CUSIP: 06211CAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3166301.10   | 1.01%             | 2056-07-15      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                                | Cantor Commercial Real Estate Lending, Series 2019-CF3, Class A4                              | CUSIP: 12529TAX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $185772.52    | 0.06%             | 2053-01-15      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                      | CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A1                                    | CUSIP: 12597NAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19051 | PA      | $17138.27     | 0.01%             | 2053-03-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                                       | 280 Park Avenue Mortgage Trust, Series 2017-280P, Class A                                     | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1486788.15   | 0.47%             | 2034-09-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.                       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A                      | CUSIP: 03880RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3420739 | PA      | $3430939.62   | 1.09%             | 2036-11-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| EQUS Mortgage Trust                                                  | EQUS Mortgage Trust, Series 2021-EQAZ, Class B                                                | CUSIP: 29478JAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1899785 | PA      | $1899429.27   | 0.60%             | 2038-10-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                      | CSAIL Commercial Mortgage Trust, Series 2017-CX9, Class A4                                    | CUSIP: 12595FAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1962263 | PA      | $1924044.56   | 0.61%             | 2050-09-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| HERA Commercial Mortgage Ltd.                                        | HERA Commercial Mortgage Ltd., Series 2021-FL1, Class A                                       | CUSIP: 42704RAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    108099 | PA      | $107743.02    | 0.03%             | 2038-02-18      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class A1                              | CUSIP: 95003VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1410521 | PA      | $1426979.96   | 0.45%             | 2057-07-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2019-BN22, Class ASB                                                             | CUSIP: 06540XBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1673654 | PA      | $1628689.09   | 0.52%             | 2062-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                         | BX Commercial Mortgage Trust, Series 2019-IMC, Class A                                        | CUSIP: 05608BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    409752 | PA      | $406852.02    | 0.13%             | 2034-04-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Bank                                                                 | BANK, Series 2019-BN19, Class A2                                                              | CUSIP: 06540WBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $944821.90    | 0.30%             | 2061-08-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                            | BPR Trust, Series 2021-TY, Class B                                                            | CUSIP: 05592AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    340000 | PA      | $338888.57    | 0.11%             | 2038-09-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2023-C7, Class A1                                                  | CUSIP: 05593FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1254466 | PA      | $1275412.07   | 0.41%             | 2056-12-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                         | BX Commercial Mortgage Trust, Series 2021-XL2, Class D                                        | CUSIP: 05609KAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1134000 | PA      | $1134227.03   | 0.36%             | 2038-10-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I                                             | Morgan Stanley Capital I, Series 2017-HR2, Class A3                                           | CUSIP: 61691NAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1609248 | PA      | $1562337.65   | 0.50%             | 2050-12-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2024-5C7, Class A1                                                 | CUSIP: 09660WAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1162886 | PA      | $1169720.97   | 0.37%             | 2057-11-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2024-C63, Class A1                              | CUSIP: 94990FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2146742 | PA      | $2163874.69   | 0.69%             | 2057-08-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4                              | CUSIP: 95000DBD2<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1225743.00   | 0.39%             | 2049-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA                                                                                          | CUSIP: 3140NVEB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4500000 | PA      | $4616333.42   | 1.47%             | 2029-06-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                                            | FS Rialto, Series 2021-FL3, Class A                                                           | CUSIP: 30323CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1223405 | PA      | $1222801.61   | 0.39%             | 2036-11-16      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2023-BNK46, Class A1                                                             | CUSIP: 06541DBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1478704 | PA      | $1500593.85   | 0.48%             | 2056-08-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2023-BNK45, Class A1                                                             | CUSIP: 06541BBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98160 | PA      | $98923.24     | 0.03%             | 2056-02-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                                            | GPMT Ltd., Series 2021-FL4, Class B                                                           | CUSIP: 36262TAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $975662.00    | 0.31%             | 2036-12-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2016-BNK1, Class A3                             | CUSIP: 95000GAY0<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |   1080000 | PA      | $1053368.60   | 0.34%             | 2049-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2024-5YR10, Class A3                                                            | CUSIP: 06604AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1538378.10   | 0.49%             | 2057-10-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                          | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL7, Class A                         | CUSIP: 55284AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    497710 | PA      | $497972.27    | 0.16%             | 2036-10-16      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2025-V13, Class A1                                           | CUSIP: 08164AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $303843.60    | 0.10%             | 2058-02-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust, Series 2021-LBA, Class DJV                                                          | CUSIP: 05609BAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320000 | PA      | $318233.41    | 0.10%             | 2036-02-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                                       | MSWF Commercial Mortgage Trust, Series 2023-2, Class A2                                       | CUSIP: 55361AAR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2324298.24   | 0.74%             | 2056-12-15      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| Ready Capital Mortgage Financing LLC                                 | Ready Capital Mortgage Financing LLC, Series 2021-FL7, Class A                                | CUSIP: 75575WAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1328245 | PA      | $1332172.72   | 0.42%             | 2036-11-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                                 | LoanCore Issuer Ltd., Series 2021-CRE5, Class AS                                              | CUSIP: 53947XAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1995874.00   | 0.64%             | 2036-07-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| DBJPM Mortgage Trust                                                 | DBJPM Mortgage Trust, Series 2020-C9, Class A2                                                | CUSIP: 233063AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    306152 | PA      | $304039.39    | 0.10%             | 2053-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                       | Morgan Stanley Capital I Trust, Series 2019-L2, Class XA                                      | CUSIP: 61768HAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7812139 | PA      | $236416.41    | 0.08%             | 2052-03-15      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                          | Extended Stay America Trust, Series 2021-ESH, Class B                                         | CUSIP: 30227FAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1415251 | PA      | $1416698.40   | 0.45%             | 2038-07-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                                            | KREF Ltd., Series 2021-FL2, Class A                                                           | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |   1655221 | PA      | $1654659.59   | 0.53%             | 2039-02-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| LFT CRE Ltd.                                                         | LFT CRE Ltd., Series 2021-FL1, Class B                                                        | CUSIP: 50203JAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2498465.00   | 0.80%             | 2039-06-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                                     | TRTX Issuer Ltd., Series 2021-FL4, Class A                                                    | CUSIP: 87276WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    758579 | PA      | $758546.85    | 0.24%             | 2038-03-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2024-V10, Class A1                                           | CUSIP: 08163UAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201482 | PA      | $200900.41    | 0.06%             | 2057-09-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                                    | 1211 Avenue of the Americas Trust, Series 2015-1211, Class A1A2                               | CUSIP: 90117PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $959853.50    | 0.31%             | 2035-08-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                           | CSMC Trust, Series 2017-PFHP, Class A                                                         | CUSIP: 12595KAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1307073 | PA      | $1303709.29   | 0.42%             | 2030-12-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2024-V5, Class A1                                            | CUSIP: 08163XAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270640 | PA      | $274043.02    | 0.09%             | 2057-01-10      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust                           | JPMCC Commercial Mortgage Securities Trust, Series 2017-JP5, Class A5                         | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1640000 | PA      | $1614717.60   | 0.51%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                         | BX Commercial Mortgage Trust, Series 2021-ACNT, Class C                                       | CUSIP: 05609QAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    514379 | PA      | $514024.16    | 0.16%             | 2038-11-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2023-V2, Class XA                                            | CUSIP: 08163TAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14048767 | PA      | $346139.15    | 0.11%             | 2055-05-15      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                                   | GS Mortgage Securities Corp. Trust, Series 2021-STAR, Class A                                 | CUSIP: 36264LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $995491.90    | 0.32%             | 2036-12-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2025-V15, Class A1                                           | CUSIP: 08164CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1008554.90   | 0.32%             | 2058-06-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                                            | KREF Ltd., Series 2021-FL2, Class C                                                           | CUSIP: 48275RAG2<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99100.60     | 0.03%             | 2039-02-15      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2024-5YR7, Class A1                                                             | CUSIP: 06211UBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750223 | PA      | $763810.86    | 0.24%             | 2057-06-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2024-V12, Class A1                                           | CUSIP: 081915AR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    188846 | PA      | $191033.05    | 0.06%             | 2057-12-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2018-B7, Class A3                                            | CUSIP: 08162TBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $493693.30    | 0.16%             | 2053-05-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C33, Class A3                 | CUSIP: 61767CAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211854 | PA      | $209043.31    | 0.07%             | 2050-05-15      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON UES | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2019-UES, Class A              | CUSIP: 46651CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331457 | PA      | $1307265.97   | 0.42%             | 2032-05-05      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                                            | STWD Ltd., Series 2021-FL2, Class AS                                                          | CUSIP: 78486BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2984340.00   | 0.95%             | 2038-04-18      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                                          | AREIT Trust, Series 2022-CRE6, Class A                                                        | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2023855 | PA      | $2032217.74   | 0.65%             | 2037-01-20      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2015-P2, Class A4                               | CUSIP: 95000AAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994074.70    | 0.32%             | 2048-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                           | FHLMC                                                                                         | CUSIP: 3132XGGK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1983904 | PA      | $1953355.24   | 0.62%             | 2027-09-01      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Greystone CRE Notes Ltd.                                             | Greystone CRE Notes Ltd., Series 2021-FL3, Class B                                            | CUSIP: 39809PAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $545842.55    | 0.17%             | 2039-07-15      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust                           | JPMCC Commercial Mortgage Securities Trust, Series 2017-JP5, Class A4                         | CUSIP: 46647TAR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137082 | PA      | $135411.36    | 0.04%             | 2050-03-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2024-C24, Class A1                                               | CUSIP: 07336VAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1502809 | PA      | $1514977.99   | 0.48%             | 2057-02-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund                           | JPMorgan U.S. Government Money Market Fund - Class IM                                         | CUSIP: N/A<br>LEI: 549300NQ5E5B7ZV4T516       | Long             | STIV             | RF                | US        |   7260981 | NS      | $7260980.87   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| INCREF LLC                                                           | INCREF LLC, Series 2025-FL1, Class A                                                          | CUSIP: 45339NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2514605.00   | 0.80%             | 2042-10-19      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                                            | STWD Ltd., Series 2022-FL3, Class A                                                           | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    773663 | PA      | $773586.44    | 0.25%             | 2038-11-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2013-GC13, Class AS                                      | CUSIP: 36198EAP0<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |    276397 | PA      | $272374.81    | 0.09%             | 2046-07-10      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                | FHLMC Multifamily Structured Pass-Through Certificates, Series K518, Class A2                 | CUSIP: 3137HC2L5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4158410.80   | 1.32%             | 2029-01-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                                            | GPMT Ltd., Series 2021-FL4, Class AS                                                          | CUSIP: 36262TAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    320000 | PA      | $315370.24    | 0.10%             | 2036-12-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2018-BN14, Class A2                                                              | CUSIP: 06035RAP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    357046 | PA      | $354173.67    | 0.11%             | 2060-09-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd.                                                     | HGI CRE CLO Ltd., Series 2021-FL2, Class A                                                    | CUSIP: 40390JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    602541 | PA      | $601492.23    | 0.19%             | 2036-09-17      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| BBCMS Trust                                                          | BBCMS Trust, Series 2018-CBM, Class A                                                         | CUSIP: 05549RAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $537341.48    | 0.17%             | 2037-07-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2023-V2, Class A1                                            | CUSIP: 08163TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219874 | PA      | $220985.72    | 0.07%             | 2055-05-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                  | Citigroup Commercial Mortgage Trust, Series 2019-GC43, Class AAB                              | CUSIP: 17328HBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1292514 | PA      | $1253404.68   | 0.40%             | 2052-11-10      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                | FHLMC, Multifamily Structured Pass-Through Certificates, Series K088, Class A2                | CUSIP: 3137FKZZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4100000 | PA      | $4051159.16   | 1.29%             | 2029-01-25      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2023-C4, Class A1                                                  | CUSIP: 05610CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    417695 | PA      | $419008.43    | 0.13%             | 2056-02-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust               | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP3, Class A4             | CUSIP: 46590RAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540665 | PA      | $529811.22    | 0.17%             | 2049-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2015-NXS3, Class AS                             | CUSIP: 94989VAF6<br>LEI: 549300ZVNWG0TX42H716 | Long             | ABS-MBS          | CORP              | US        |    328000 | PA      | $326222.14    | 0.10%             | 2057-09-15      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                            | Commercial Mortgage Trust, Series 2016-DC2, Class B                                           | CUSIP: 12594CBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1974386.80   | 0.63%             | 2049-02-10      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class A1                 | CUSIP: 61778GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    398026 | PA      | $400518.94    | 0.13%             | 2058-03-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2015-GC34, Class A4                                      | CUSIP: 36250VAD4<br>LEI: 54930070360RBP384M53 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994849.50    | 0.32%             | 2048-10-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2023-C19, Class A1                                               | CUSIP: 05553RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    548170 | PA      | $553495.59    | 0.18%             | 2056-04-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                  | Citigroup Commercial Mortgage Trust, Series 2017-P7, Class A3                                 | CUSIP: 17325HBN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    885206 | PA      | $871757.45    | 0.28%             | 2050-04-14      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2024-5C25, Class A1                                              | CUSIP: 05554VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    741370 | PA      | $754034.82    | 0.24%             | 2057-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2021-BN36, Class A2                                                              | CUSIP: 06540DAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $628439.57    | 0.20%             | 2064-09-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer Ltd.                                                    | BSPDF Issuer Ltd., Series 2021-FL1, Class B                                                   | CUSIP: 055731AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1001870 | PA      | $998040.35    | 0.32%             | 2036-10-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA REMICS, Series 2017-M8, Class A2                                                         | CUSIP: 3136AW7J0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4874906 | PA      | $4782564.10   | 1.52%             | 2027-05-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA                                                                                          | CUSIP: 3140NYLS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6343262 | PA      | $6417864.53   | 2.04%             | 2030-05-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                                          | BANK5 Trust, Series 2024-5YR6, Class A3                                                       | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1248000 | PA      | $1314882.57   | 0.42%             | 2057-05-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2024-C9, Class A1                                                  | CUSIP: 05593MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1316735 | PA      | $1337869.47   | 0.43%             | 2057-07-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2024-BNK47, Class A1                                                             | CUSIP: 06540GAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1657042 | PA      | $1695885.28   | 0.54%             | 2057-06-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                                 | LoanCore Issuer Ltd., Series 2021-CRE6, Class C                                               | CUSIP: 53948HAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1605611.20   | 0.51%             | 2038-11-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                                            | GPMT Ltd., Series 2021-FL4, Class A                                                           | CUSIP: 36262TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3595883 | PA      | $3585829.14   | 1.14%             | 2036-12-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust, Series 2021-VIEW, Class C                                                           | CUSIP: 05606GAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    860000 | PA      | $856642.47    | 0.27%             | 2036-06-15      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                                            | BXMT Ltd., Series 2020-FL2, Class A                                                           | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    182358 | PA      | $182180.93    | 0.06%             | 2038-02-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                      | CSAIL Commercial Mortgage Trust, Series 2020-C19, Class ASB                                   | CUSIP: 12597NAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2015168 | PA      | $1933190.01   | 0.62%             | 2053-03-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Del Amo Fashion Center Trust                                         | Del Amo Fashion Center Trust, Series 2017-AMO, Class A                                        | CUSIP: 24500EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1442716.05   | 0.46%             | 2035-06-05      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                  | Citigroup Commercial Mortgage Trust, Series 2016-C1, Class A3                                 | CUSIP: 17290YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    283995 | PA      | $280942.54    | 0.09%             | 2049-05-10      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2019-B13, Class ASB                                          | CUSIP: 08162DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    542738 | PA      | $526704.38    | 0.17%             | 2057-08-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2021-B25, Class A3                                           | CUSIP: 08163DAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1131049.00   | 0.36%             | 2054-04-15      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust, Series 2022-PSB, Class C                                                            | CUSIP: 05606DAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2303000 | PA      | $2305878.75   | 0.73%             | 2039-08-15      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                            | Commercial Mortgage Trust, Series 2015-CR25, Class A4                                         | CUSIP: 12593PAW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    435185 | PA      | $434239.63    | 0.14%             | 2048-08-10      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2019-C53, Class A3                              | CUSIP: 95002BAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $467774.15    | 0.15%             | 2052-10-15      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2024-V8, Class A3                                            | CUSIP: 08190AAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1583448.00   | 0.50%             | 2057-07-15      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                        | UBS Commercial Mortgage Trust, Series 2018-C15, Class ASB                                     | CUSIP: 90278LAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    627137 | PA      | $624427.88    | 0.20%             | 2051-12-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2022-C3, Class A1                                                  | CUSIP: 05602QAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80935 | PA      | $81035.52     | 0.03%             | 2054-09-15      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                       | Morgan Stanley Capital I Trust, Series 2016-UBS9, Class A4                                    | CUSIP: 61766CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $989143.30    | 0.32%             | 2049-03-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| 1345T                                                                | 1345T, Series 2025-AOA, Class A                                                               | CUSIP: 68271CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1504834.20   | 0.48%             | 2030-06-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2019-B14, Class XA                                           | CUSIP: 08162YAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11928040 | PA      | $253290.73    | 0.08%             | 2062-12-15      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust               | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP2, Class A3             | CUSIP: 46590MAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2074832 | PA      | $2047183.22   | 0.65%             | 2049-08-15      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2015-C30, Class A4                              | CUSIP: 94989NBE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199887 | PA      | $199488.32    | 0.06%             | 2058-09-15      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| Greystone CRE Notes Ltd.                                             | Greystone CRE Notes Ltd., Series 2021-FL3, Class A                                            | CUSIP: 39809PAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1991637 | PA      | $1994837.61   | 0.64%             | 2039-07-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.                       | Arbor Realty Commercial Real Estate Notes Ltd., Series 2022-FL1, Class A                      | CUSIP: 03880XAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1146461 | PA      | $1148056.60   | 0.37%             | 2037-01-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2021-SAVE, Class A                              | CUSIP: 95003LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451441 | PA      | $451798.93    | 0.14%             | 2040-02-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2017-C38, Class A4                              | CUSIP: 95001MAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97535 | PA      | $95558.14     | 0.03%             | 2050-07-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2020-C57, Class ASB                             | CUSIP: 95002XBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2365690.75   | 0.75%             | 2053-08-15      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                       | Morgan Stanley Capital I Trust, Series 2024-NSTB, Class A                                     | CUSIP: 61690BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    975107 | PA      | $945002.72    | 0.30%             | 2057-09-24      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2022-C1, Class A1                                                  | CUSIP: 05609MBY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264856 | PA      | $260440.47    | 0.08%             | 2055-02-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ARDN Mortgage Trust                                                  | ARDN Mortgage Trust, Series 2025-ARCP, Class A                                                | CUSIP: 039961AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1860000 | PA      | $1864321.34   | 0.59%             | 2035-06-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2025-5C10, Class A1                                                | CUSIP: 05615BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    415206 | PA      | $418350.05    | 0.13%             | 2058-05-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                           | JPMBB Commercial Mortgage Securities Trust, Series 2015-C27, Class A4                         | CUSIP: 46644ABF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    283163 | PA      | $274290.98    | 0.09%             | 2048-02-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                           | JPMBB Commercial Mortgage Securities Trust, Series 2015-C31, Class A3                         | CUSIP: 46644YAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150778 | PA      | $150450.65    | 0.05%             | 2048-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                                          | VEGAS Trust, Series 2024-TI, Class A                                                          | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1521053.70   | 0.48%             | 2039-11-10      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| HIG RCP LLC                                                          | HIG RCP LLC, Series 2023-FL1, Class B                                                         | CUSIP: 40443GAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1259040.00   | 0.40%             | 2038-09-19      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2020-B22, Class ASB                                          | CUSIP: 08163BBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $276585.78    | 0.09%             | 2054-01-15      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| WP Glimcher Mall Trust                                               | WP Glimcher Mall Trust, Series 2015-WPG, Class A                                              | CUSIP: 92939VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1640000 | PA      | $1628110.00   | 0.52%             | 2035-06-05      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2018-GS10, Class A2                                      | CUSIP: 36250SAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $970359.74    | 0.31%             | 2051-07-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2024-V7, Class A1                                            | CUSIP: 08163YAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1647380 | PA      | $1681120.73   | 0.54%             | 2056-05-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                          | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL7, Class B                         | CUSIP: 55284AAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $992203.00    | 0.32%             | 2036-10-16      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust                          | Arbor Multifamily Mortgage Securities Trust, Series 2021-MF2, Class ASB                       | CUSIP: 03881VAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1454000 | PA      | $1358504.62   | 0.43%             | 2054-06-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd.                                                     | HGI CRE CLO Ltd., Series 2021-FL1, Class A                                                    | CUSIP: 40441LAA4<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | KY        |    789467 | PA      | $790646.76    | 0.25%             | 2036-06-16      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                                      | WFRBS Commercial Mortgage Trust, Series 2013-C14, Class AS                                    | CUSIP: 92890PAG9<br>LEI: 549300GADFYEKC4OLM57 | Long             | ABS-MBS          | CORP              | US        |     90209 | PA      | $87874.67     | 0.03%             | 2046-06-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                  | Citigroup Commercial Mortgage Trust, Series 2016-P4, Class A4                                 | CUSIP: 29429EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1751000 | PA      | $1714316.37   | 0.55%             | 2049-07-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                                            | FS Rialto, Series 2021-FL2, Class A                                                           | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1111566 | PA      | $1105033.65   | 0.35%             | 2038-05-16      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2024-V8, Class A1                                            | CUSIP: 08190AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    820949 | PA      | $835921.14    | 0.27%             | 2057-07-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2023-5C2, Class A1                                                 | CUSIP: 05610QAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    403029 | PA      | $412814.08    | 0.13%             | 2056-11-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                                            | BXMT Ltd., Series 2020-FL3, Class A                                                           | CUSIP: 05608XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    312881 | PA      | $314064.22    | 0.10%             | 2037-11-15      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                                            | KREF Ltd., Series 2022-FL3, Class B                                                           | CUSIP: 48275EAE6<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250309.25    | 0.08%             | 2039-02-17      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| LCCM                                                                 | LCCM Trust, Series 2017-LC26, Class A3                                                        | CUSIP: 50190DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    514483 | PA      | $502236.21    | 0.16%             | 2050-07-12      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2023-C5, Class A2                                                  | CUSIP: 055988AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $514004.00    | 0.16%             | 2056-06-15      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2010-C1, Class C                                         | CUSIP: 36249KAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1492514 | PA      | $1483264.97   | 0.47%             | 2043-08-10      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2025-VTT, Class C                               | CUSIP: 94990GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1008675.00   | 0.32%             | 2038-03-15      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                                     | TRTX Issuer Ltd., Series 2022-FL5, Class A                                                    | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2580508 | PA      | $2589524.09   | 0.82%             | 2039-02-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                                            | KREF Ltd., Series 2022-FL3, Class AS                                                          | CUSIP: 48275EAC0<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250910.00    | 0.08%             | 2039-02-17      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2017-BNK5, Class A4                                                              | CUSIP: 06541WAW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    559454 | PA      | $547935.15    | 0.17%             | 2060-06-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2019-C50, Class A4                              | CUSIP: 95001XBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2448048 | PA      | $2367602.30   | 0.75%             | 2052-05-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2019-GC38, Class A3                                      | CUSIP: 36252SAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $293831.82    | 0.09%             | 2052-02-10      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA                                                                                          | CUSIP: 3140NUV89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4092126.72   | 1.30%             | 2029-04-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2022-B37, Class A1                                           | CUSIP: 08161QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    267504 | PA      | $270315.81    | 0.09%             | 2055-11-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd.                                                     | HGI CRE CLO Ltd., Series 2021-FL2, Class B                                                    | CUSIP: 40390JAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2497897.50   | 0.80%             | 2036-09-17      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| LFT CRE Ltd.                                                         | LFT CRE Ltd., Series 2021-FL1, Class A                                                        | CUSIP: 50203JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1105599 | PA      | $1108078.41   | 0.35%             | 2039-06-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2024-5YR11, Class A3                                                            | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1572763.50   | 0.50%             | 2057-11-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2025-C64, Class A1                              | CUSIP: 95004BAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    910208 | PA      | $918436.79    | 0.29%             | 2058-02-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                                    | BSPRT Issuer Ltd., Series 2023-FL10, Class A                                                  | CUSIP: 05610VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1969513 | PA      | $1973787.22   | 0.63%             | 2035-09-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                | Wells Fargo Commercial Mortgage Trust, Series 2016-BNK1, Class A2                             | CUSIP: 95000GAX2<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |    745461 | PA      | $729040.43    | 0.23%             | 2049-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                             | BX Trust, Series 2021-BXMF, Class B                                                           | CUSIP: 05609RAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2020065 | PA      | $2018325.42   | 0.64%             | 2026-10-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2025-BNK49, Class A1                                                             | CUSIP: 05494FBL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2635811 | PA      | $2655789.20   | 0.85%             | 2058-03-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                | FHLMC Multifamily Structured Pass-Through Certificates, Series K089, Class A1                 | CUSIP: 3137FL6N9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1823814 | PA      | $1796701.80   | 0.57%             | 2028-10-25      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2024-5C3, Class A1                                                 | CUSIP: 09660QAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85000 | PA      | $85603.76     | 0.03%             | 2057-02-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                        | UBS Commercial Mortgage Trust, Series 2017-C7, Class A3                                       | CUSIP: 90276WAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    527450 | PA      | $514115.26    | 0.16%             | 2050-12-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2024-C28, Class A1                                               | CUSIP: 07336WAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1831434 | PA      | $1843232.31   | 0.59%             | 2057-09-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2024-V9, Class A3                                            | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2069631.00   | 0.66%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2025-BNK50, Class A1                                                             | CUSIP: 064908AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3020763.00   | 0.96%             | 2068-05-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2025-5C34, Class A1                                              | CUSIP: 07337BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1283990 | PA      | $1291838.45   | 0.41%             | 2058-05-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd.                     | Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class A                   | CUSIP: 03881UAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3103158.90   | 0.99%             | 2041-01-20      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                   | BMO Mortgage Trust, Series 2024-5C6, Class A3                                                 | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2049103.60   | 0.65%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                                | Cantor Commercial Real Estate Lending, Series 2019-CF1, Class A2                              | CUSIP: 12529MAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1256023 | PA      | $1202069.88   | 0.38%             | 2052-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                          | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, Class A                         | CUSIP: 55283TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    249791 | PA      | $249974.58    | 0.08%             | 2036-07-16      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA                                                                                          | CUSIP: 3140HUFK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3500000 | PA      | $3323373.13   | 1.06%             | 2029-07-01      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2021-BN38, Class ASB                                                             | CUSIP: 06540EAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $370295.20    | 0.12%             | 2064-12-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2021-BN33, Class A1                                                              | CUSIP: 06541CBB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240859 | PA      | $236515.35    | 0.08%             | 2064-05-15      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| BANK                                                                 | BANK, Series 2024-BNK48, Class A1                                                             | CUSIP: 06541GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1290676 | PA      | $1286324.82   | 0.41%             | 2057-10-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| BDS Ltd.                                                             | BDS Ltd., Series 2021-FL9, Class C                                                            | CUSIP: 05493NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2350000 | PA      | $2345591.40   | 0.75%             | 2038-11-16      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| DBJPM Mortgage Trust                                                 | DBJPM Mortgage Trust, Series 2016-C3, Class A5                                                | CUSIP: 23312VAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1385000 | PA      | $1357254.30   | 0.43%             | 2049-08-10      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2013-GC13, Class B                                       | CUSIP: 36198EAS4<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2908079.10   | 0.93%             | 2046-07-10      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds                         | Morgan Stanley Institutional Liquidity Funds Government Portfolio - Institutional Share Class | CUSIP: N/A<br>LEI: 5493000A332Y142SOW84       | Long             | STIV             | RF                | US        |   7260981 | NS      | $7260980.87   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Trust                                         | GS Mortgage Securities Trust, Series 2019-GSA1, Class AAB                                     | CUSIP: 36261PAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175214 | PA      | $170578.66    | 0.05%             | 2052-11-10      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                                     | TRTX Issuer Ltd., Series 2022-FL5, Class AS                                                   | CUSIP: 87277JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2097564.00   | 0.67%             | 2039-02-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd.                     | Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class AS                  | CUSIP: 03881UAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002050.00   | 0.64%             | 2041-01-20      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                  | Citigroup Commercial Mortgage Trust, Series 2015-P1, Class A5                                 | CUSIP: 17324DAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213671 | PA      | $213286.53    | 0.07%             | 2048-09-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                           | JPMBB Commercial Mortgage Securities Trust, Series 2015-C33, Class AS                         | CUSIP: 46645JAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    590000 | PA      | $582073.06    | 0.19%             | 2048-12-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| BMARK                                                                | BMARK, Series 2023-V4, Class A1                                                               | CUSIP: 081926AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    563078 | PA      | $576047.84    | 0.18%             | 2056-11-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2018-B2, Class A2                                            | CUSIP: 08161CAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3677 | PA      | $3636.13      | 0.00%             | 2051-02-15      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2025-5YR14, Class A1                                                            | CUSIP: 06604MAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    970094 | PA      | $976097.10    | 0.31%             | 2058-04-15      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                                            | KREF Ltd., Series 2022-FL3, Class A                                                           | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |   2219919 | PA      | $2222547.38   | 0.71%             | 2039-02-17      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                | FHLMC Multifamily Structured Pass-Through Certificates, Series K741, Class A2                 | CUSIP: 3137FF3X3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $2832319.50   | 0.90%             | 2027-12-25      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2023-B38, Class A2                                           | CUSIP: 081916AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2559643.00   | 0.82%             | 2056-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                             | Benchmark Mortgage Trust, Series 2019-B13, Class A3                                           | CUSIP: 08162DAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1379000 | PA      | $1288905.79   | 0.41%             | 2057-08-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                                 | LoanCore Issuer Ltd., Series 2021-CRE5, Class A                                               | CUSIP: 53947XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    321226 | PA      | $319912.66    | 0.10%             | 2036-07-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                          | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, Class B                         | CUSIP: 55282XAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500636.00   | 0.48%             | 2036-07-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| BANK5                                                                | BANK5, Series 2023-5YR2, Class A1                                                             | CUSIP: 06211CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    323245 | PA      | $329702.79    | 0.11%             | 2056-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** DoubleLine ETF Trust

**Signature:** Henry V. Chase

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

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