# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0001752724-25-198601
**Filing Date:** 2025-8
**Character Count:** 237972
**Document Hash:** c365d020286bc1a04acab76f488d8924
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-198601.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-198601

**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:** FIDELITY SALEM STREET TRUST
- **CENTRAL INDEX KEY:** 0000035315

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02105
- **FILM NUMBER:** 251243428

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FIXED INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FLEXIBLE BOND FUND
- **DATE OF NAME CHANGE:** 19860904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY CORPORATE BOND FUND INC
- **DATE OF NAME CHANGE:** 19851225

## Series and Classes Contracts Data

### Fidelity Strategic Real Return Fund (Series ID: S000017675)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000048837 | Fidelity Strategic Real Return Fund                  | FSRRX           |
| C000048838 | Fidelity Advisor Strategic Real Return Fund: Class A | FSRAX           |
| C000048840 | Fidelity Advisor Strategic Real Return Fund: Class C | FCSRX           |
| C000048841 | Fidelity Advisor Strategic Real Return Fund: Class M | FSRTX           |
| C000048842 | Fidelity Advisor Strategic Real Return Fund: Class I | FSIRX           |
| C000205021 | Fidelity Advisor Strategic Real Return Fund: Class Z | FIQDX           |
| C000214978 | Class K6                                             | FSRKX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Strategic Real Return Fund**

**June 30, 2025**

RRS-NPRT3-0825

1.833432.119 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Asset-Backed Securities - 0.6%** | &nbsp;&nbsp;**Asset-Backed Securities - 0.6%** | &nbsp;&nbsp;**Asset-Backed Securities - 0.6%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| GRAND CAYMAN (UK OVERSEAS TER) - 0.0%  |  |  |
| Crest Clarendon Street Ltd Series 2002, 3 month U.S. LIBOR + 0.47%, 6.0632% 12/28/2035 (b)(c)(d)(e) | 500000 | 0 |
| UNITED STATES - 0.6%  |  |  |
| American Homes 4 Rent Series 2015-SFR2 Class XS, 0% 10/17/2052 (b)(d)(e)(f) | 131584 | 1 |
| Digitalbridge Issuer LLC / Digitalbridge Co-Issuer LLC Series 2021-1A Class A2, 3.933% 9/25/2051 (b) | 85000 | 82773 |
| Home Partners of America Trust Series 2021-1 Class F, 3.325% 9/17/2041 (b) | 83133 | 70400 |
| Home Partners of America Trust Series 2021-2 Class G, 4.505% 12/17/2026 (b) | 181424 | 175464 |
| New Residential Mortgage Loan Trust Series 2022-SFR2 Class E1, 4% 9/4/2039 (b) | 100000 | 95409 |
| Progress Residential Trust Series 2021-SFR6 Class F, 3.422% 7/17/2038 (b) | 100000 | 98036 |
| Progress Residential Trust Series 2022-SFR2 Class E2, 4.8% 4/17/2027 (b) | 100000 | 97093 |
| Progress Residential Trust Series 2022-SFR3 Class F, 6.6% 4/17/2039 (b) | 250000 | 249133 |
| Progress Residential Trust Series 2022-SFR4 Class E1, 6.121% 5/17/2041 (b) | 221000 | 221625 |
| Progress Residential Trust Series 2022-SFR5 Class E1, 6.618% 6/17/2039 (b) | 201000 | 201427 |
| Progress Residential Trust Series 2022-SFR5 Class E2, 6.863% 6/17/2039 (b) | 336000 | 336682 |
| Retained Vantage Data Ctrs Issuer LLC / Vantage Data Ctrs CDA Qc4 Ltd Partnership Series 2024-1A Class B, 5.775% 9/15/2049 (b) | 121000 | 121108 |
| Starwood Mortgage Residential Trust Series 2022-SFR3 Class F, CME Term SOFR 1 month Index + 4.5%, 8.8118% 5/17/2039 (b)(c)(d) | 500000 | 500003 |
| Tricon Residential Trust Series 2022-SFR1 Class E1, 5.344% 4/17/2039 (b) | 238000 | 236363 |
| Tricon Residential Trust Series 2022-SFR1 Class E2, 5.739% 4/17/2039 (b) | 295000 | 293973 |
| TOTAL UNITED STATES |  | 2779490 |
| <br> **TOTAL ASSET-BACKED SECURITIES**<br> (Cost $3,374,975) |  | <br> **2779490** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Mortgage Securities - 4.4%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 4.4%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 4.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 4.4%  |  |  |
| BAMLL Commercial Mortgage Securities Trust Series 2021-JACX Class E, CME Term SOFR 1 month Index + 3.8645%, 8.1765% 9/15/2038 (b)(c)(d) | 106000 | 92954 |
| BANK Series 2020-BN30 Class MCDG, 3.0155% 12/15/2053 (d) | 264000 | 127037 |
| BANK Series 2021-BN35 Class A5, 2.285% 6/15/2064  | 134000 | 116134 |
| BANK Series 2021-BN38 Class C, 3.3252% 12/15/2064 (d) | 554000 | 457208 |
| BANK Series 2022-BNK41 Class C, 3.916% 4/15/2065 (d) | 567000 | 469336 |
| BANK Series 2022-BNK42 Class C, 4.7228% 6/15/2055 (d) | 500000 | 460161 |
| BANK Series 2022-BNK42 Class D, 2.5% 6/15/2055 (b) | 180000 | 133685 |
| BANK Series 2022-BNK42 Class E, 2.5% 6/15/2055 (b)(e) | 141000 | 97715 |
| BANK Series 2022-BNK44 Class A5, 5.9353% 11/15/2055 (d) | 100000 | 104948 |
| BBCMS Mortgage Trust Series 2020-C7 Class C, 3.6999% 4/15/2053 (d) | 500000 | 426789 |
| BBCMS Mortgage Trust Series 2022-C15 Class A5, 3.662% 4/15/2055  | 178000 | 163346 |
| BBCMS Mortgage Trust Series 2022-C16 Class C, 4.6% 6/15/2055 (d) | 750000 | 638457 |
| BBCMS Mortgage Trust Series 2022-C17 Class D, 2.5% 9/15/2055 (b) | 163000 | 119511 |
| Benchmark Mortgage Trust Series 2020-B18 Class AGNG, 4.5348% 7/15/2053 (b)(d) | 63000 | 62112 |
| Benchmark Mortgage Trust Series 2020-IG2 Class D, 3.3608% 9/15/2048 (b)(d)(e) | 417000 | 182733 |
| Benchmark Mortgage Trust Series 2022-B36 Class A5, 4.4699% 7/15/2055  | 100000 | 97326 |
| Benchmark Mortgage Trust Series 2022-B36 Class D, 2.5% 7/15/2055 (b) | 250000 | 174808 |
| BFLD Commercial Mortgage Trust Series 2024-UNIV Class D, CME Term SOFR 1 month Index + 2.6909%, 7.0027% 11/15/2041 (b)(c)(d) | 84000 | 84105 |
| BMO Mortgage Trust Series 2022-C1 Class 360D, 4.0699% 2/17/2055 (b)(d)(e) | 84000 | 66964 |
| BMO Mortgage Trust Series 2022-C1 Class 360E, 3.9387% 2/17/2055 (b)(d)(e) | 105000 | 79246 |
| BMO Mortgage Trust Series 2023-C5 Class B, 6.695% 6/15/2056 (d) | 250000 | 267049 |
| BPR Commercial Mortgage Trust Series 2024-PARK Class C, 6.1833% 11/5/2039 (b)(d) | 100000 | 101429 |
| BPR Trust Series 2024-PMDW Class D, 5.85% 11/5/2041 (b)(d) | 56000 | 54445 |
| BX Commercial Mortgage Trust 2020-VIVA Series 2020-VIVA Class E, 3.667% 3/11/2044 (b)(d) | 789000 | 705128 |
| BX Commercial Mortgage Trust 2024-VLT5 Series 2024-VLT5 Class B, 5.9949% 11/13/2046 (b)(d) | 100000 | 101826 |
| BX Commercial Mortgage Trust 21-SOAR Series 2021-SOAR Class F, CME Term SOFR 1 month Index + 2.4645%, 6.7765% 6/15/2038 (b)(c)(d) | 419957 | 420089 |
| BX Commercial Mortgage Trust 21-SOAR Series 2021-SOAR Class J, CME Term SOFR 1 month Index + 3.8645%, 8.1765% 6/15/2038 (b)(c)(d) | 526043 | 524652 |
| BX Commercial Mortgage Trust Series 2021-CIP Class F, CME Term SOFR 1 month Index + 3.3335%, 7.6455% 12/15/2038 (b)(c)(d) | 184725 | 184264 |
| BX Commercial Mortgage Trust Series 2021-PAC Class G, CME Term SOFR 1 month Index + 3.0606%, 7.3726% 10/15/2036 (b)(c)(d) | 198000 | 196391 |
| BX Commercial Mortgage Trust Series 2021-VINO Class F, CME Term SOFR 1 month Index + 2.9168%, 7.2288% 5/15/2038 (b)(c)(d) | 233100 | 233027 |
| BX Commercial Mortgage Trust Series 2021-VINO Class G, CME Term SOFR 1 month Index + 4.0668%, 8.3788% 5/15/2038 (b)(c)(d) | 140700 | 139684 |
| BX Commercial Mortgage Trust Series 2025-SPOT Class E, CME Term SOFR 1 month Index + 3.6902%, 8.0019% 4/15/2040 (b)(c)(d) | 250000 | 247998 |
| BX Trust 2019-OC11 Series 2019-OC11 Class E, 4.0755% 12/9/2041 (b)(d) | 284000 | 260310 |
| BX Trust 2021-VOL Series 2021-VOLT Class F, CME Term SOFR 1 month Index + 2.5145%, 6.8262% 9/15/2036 (b)(c)(d) | 96883 | 96429 |
| BX Trust 2021-VOL Series 2021-VOLT Class G, CME Term SOFR 1 month Index + 2.9645%, 7.2762% 9/15/2036 (b)(c)(d) | 101727 | 100201 |
| BX Trust 2024 VLT4 Series 2024-VLT4 Class E, CME Term SOFR 1 month Index + 2.8894%, 7.2012% 7/15/2029 (b)(c)(d) | 200000 | 198875 |
| BX Trust 2024 VLT4 Series 2024-VLT4 Class F, CME Term SOFR 1 month Index + 3.9379%, 8.2496% 7/15/2029 (b)(c)(d) | 500000 | 498252 |
| BX Trust 2024-FNX Series 2024-FNX Class D, CME Term SOFR 1 month Index + 2.9402%, 7.2519% 11/15/2041 (b)(c)(d) | 56137 | 56224 |
| BX Trust 2024-FNX Series 2024-FNX Class E, CME Term SOFR 1 month Index + 3.9387%, 8.2505% 11/15/2041 (b)(c)(d) | 189576 | 188756 |
| BX Trust Series 2021-MFM1 Class F, CME Term SOFR 1 month Index + 3.1145%, 7.4265% 1/15/2034 (b)(c)(d) | 235200 | 234909 |
| BX Trust Series 2021-MFM1 Class G, CME Term SOFR 1 month Index + 4.0145%, 8.3265% 1/15/2034 (b)(c)(d) | 119000 | 118499 |
| BX Trust Series 2022-LBA6 Class F, CME Term SOFR 1 month Index + 3.35%, 7.6618% 1/15/2039 (b)(c)(d) | 100000 | 99625 |
| BX Trust Series 2022-LBA6 Class G, CME Term SOFR 1 month Index + 4.2%, 8.5118% 1/15/2039 (b)(c)(d) | 100000 | 99695 |
| BX Trust Series 2022-VAMF Class F, CME Term SOFR 1 month Index + 3.299%, 7.6108% 1/15/2039 (b)(c)(d) | 157000 | 155599 |
| Citigroup Commercial Mortgage Trust Series 2023-SMRT Class C, 6.0475% 10/12/2040 (b)(d) | 250000 | 253107 |
| COMM Mortgage Trust Series 2013-LC6 Class E, 3.5% 1/10/2046 (b) | 150000 | 138003 |
| COMM Mortgage Trust Series 2017-CD4 Class C, 4.3497% 5/10/2050 (d) | 232000 | 213958 |
| COMM Mortgage Trust Series 2017-CD4 Class D, 3.3% 5/10/2050 (b) | 56000 | 46602 |
| Computershare Corporate Trust Series 2020-C58 Class C, 3.162% 7/15/2053  | 1000000 | 833432 |
| Cone Trust Series 2024-DFW1 Class E, CME Term SOFR 1 month Index + 3.8885%, 8.2002% 8/15/2041 (b)(c)(d) | 200000 | 198480 |
| Credit Suisse Commercial Mortgage Trust Series 2021-SOP2 Class F, CME Term SOFR 1 month Index + 4.4314%, 8.7431% 6/15/2034 (b)(c)(e) | 80000 | 35680 |
| CSAIL Commercial Mortgage Trust Series 2019-C16 Class C, 4.2371% 6/15/2052 (d) | 750000 | 709063 |
| ELP Commercial Mortgage Trust Series 2021-ELP Class F, CME Term SOFR 1 month Index + 2.7815%, 7.0935% 11/15/2038 (b)(c)(d) | 478443 | 477845 |
| ELP Commercial Mortgage Trust Series 2021-ELP Class J, CME Term SOFR 1 month Index + 3.7294%, 8.0414% 11/15/2038 (b)(c)(d) | 209756 | 208536 |
| EQT Trust Series 2024-EXTR Class B, 1 month U.S. LIBOR + 0%, 5.6546% 7/5/2041 (b)(c)(d) | 200000 | 203298 |
| GS Mortgage Securities Trust Series 2011-GC5 Class E, 5.2946% 8/10/2044 (b)(d)(e) | 63000 | 18963 |
| GS Mortgage Securities Trust Series 2011-GC5 Class F, 4.5% 8/10/2044 (b)(e) | 42000 | 126 |
| GS Mortgage Securities Trust Series 2024-RVR Class A, 5.3716% 8/10/2041 (b)(d) | 200000 | 202190 |
| Hilton USA Trust Series 2016-HHV Class E, 4.3333% 11/5/2038 (b)(d) | 900000 | 875927 |
| Hilton USA Trust Series 2016-HHV Class F, 4.3333% 11/5/2038 (b)(d) | 163000 | 156938 |
| JPMBB Commercial Mortgage Securities Trust Series 2014-C23 Class UH5, 4.7094% 9/15/2047 (b) | 54000 | 53002 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2011-C3 Class E, 5.7096% 2/15/2046 (b)(d) | 200000 | 136088 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2012-CBX Class G, 4% 6/15/2045 (b)(e) | 151000 | 85155 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2021-MHC Class F, CME Term SOFR 1 month Index + 3.3145%, 7.6265% 4/15/2038 (b)(c)(d) | 210000 | 210131 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2024-OMNI Class E, 5.9904% 10/5/2039 (b)(d) | 100000 | 97620 |
| KNDR Trust Series 2021-KIND Class F, CME Term SOFR 1 month Index + 4.0645%, 8.38% 8/15/2038 (b)(c)(d) | 99185 | 97818 |
| MHC Commercial Mortgage Trust Series 2021-MHC Class F, CME Term SOFR 1 month Index + 2.7154%, 7.0274% 4/15/2038 (b)(c)(d) | 80000 | 80000 |
| MHC Commercial Mortgage Trust Series 2021-MHC Class G, CME Term SOFR 1 month Index + 3.3154%, 7.6274% 4/15/2038 (b)(c)(d) | 160000 | 160000 |
| MHP Commercial Mortgage Trust Series 2021-STOR Class G, CME Term SOFR 1 month Index + 2.8645%, 7.1765% 7/15/2038 (b)(c)(d) | 105000 | 104935 |
| MHP Commercial Mortgage Trust Series 2021-STOR Class J, CME Term SOFR 1 month Index + 4.0645%, 8.3765% 7/15/2038 (b)(c)(d) | 100000 | 99731 |
| MHP Commercial Mortgage Trust Series 2022-MHIL Class F, CME Term SOFR 1 month Index + 3.2592%, 7.571% 1/15/2039 (b)(c)(d) | 80000 | 79825 |
| Morgan Stanley Cap I Tr 2020-L4 Series 2020-L4 Class C, 3.536% 2/15/2053  | 542000 | 480477 |
| Morgan Stanley Capital I Trust Series 2011-C2 Class D, 5.385% 6/15/2044 (b)(d) | 126251 | 125001 |
| Morgan Stanley Capital I Trust Series 2011-C2 Class XB, 0.5307% 6/15/2044 (b)(d)(f) | 5045312 | 18262 |
| Morgan Stanley Capital I Trust Series 2011-C3 Class G, 5.106% 7/15/2049 (b)(d) | 112000 | 102745 |
| Morgan Stanley Capital I Trust Series 2017-H1 Class C, 4.281% 6/15/2050  | 231000 | 213959 |
| Morgan Stanley Capital I Trust Series 2021-L5 Class C, 3.156% 5/15/2054  | 513000 | 444197 |
| Morgan Stanley Capital I Trust Series 2024-NSTB Class B, 3.9% 9/24/2057 (b)(d) | 162000 | 152335 |
| MSWF Commercial Mortgage Trust Series 2023-1 Class B, 6.9056% 5/15/2056 (d) | 250000 | 266711 |
| NXPT Commercial Mortgage Trust Series 2024-STOR Class E, 6.7033% 11/5/2041 (b)(d) | 224000 | 225835 |
| OPEN Trust Series 2023-AIR Class D, CME Term SOFR 1 month Index + 6.6838%, 11.0125% 11/15/2040 (b)(c)(d) | 200000 | 200125 |
| PKHL Commercial Mortgage Trust Series 2021-MF Class E, CME Term SOFR 1 month Index + 2.7145%, 7.0265% 7/15/2038 (b)(c)(d)(e) | 100000 | 58603 |
| PKHL Commercial Mortgage Trust Series 2021-MF Class G, CME Term SOFR 1 month Index + 4.4645%, 8.7765% 7/15/2038 (b)(c)(d)(e) | 100000 | 45140 |
| Prima Capital CRE Securitization Ltd Series 2020-8A Class C, 3% 12/26/2070 (b) | 350000 | 291725 |
| Providence Place Group LP Series 2000-C1 Class A2, 7.75% 7/20/2028 (b) | 121123 | 123373 |
| ROCK Trust Series 2024-CNTR Class E, 8.8191% 11/13/2041 (b) | 158000 | 166204 |
| SELF Commercial Mortgage Trust Series 2024-STRG Class D, CME Term SOFR 1 month Index + 2.9403%, 7.2521% 11/15/2034 (b)(c)(d) | 100000 | 100776 |
| SELF Commercial Mortgage Trust Series 2024-STRG Class E, CME Term SOFR 1 month Index + 4.1885%, 8.5003% 11/15/2034 (b)(c)(d) | 100000 | 99730 |
| SG Commercial Mortgage Securities Trust Series 2020-COVE Class F, 3.8518% 3/15/2037 (b)(d) | 150000 | 117119 |
| SHR Trust Series 2024-LXRY Class D, CME Term SOFR 1 month Index + 3.6%, 7.9118% 10/15/2041 (b)(c)(d) | 112000 | 111930 |
| SREIT Trust Series 2021-IND Class G, CME Term SOFR 1 month Index + 3.3803%, 7.6923% 10/15/2038 (b)(c)(d) | 198000 | 195530 |
| SREIT Trust Series 2021-MFP Class G, CME Term SOFR 1 month Index + 3.0883%, 7.4% 11/15/2038 (b)(c)(d) | 105694 | 105672 |
| SREIT Trust Series 2021-MFP2 Class F, CME Term SOFR 1 month Index + 2.7327%, 7.0447% 11/15/2036 (b)(c)(d) | 100000 | 100063 |
| SREIT Trust Series 2021-MFP2 Class J, CME Term SOFR 1 month Index + 4.03%, 8.342% 11/15/2036 (b)(c)(d) | 128000 | 126833 |
| SREIT Trust Series 2021-PALM Class G, CME Term SOFR 1 month Index + 3.7306%, 8.0426% 10/15/2034 (b)(c)(d) | 164000 | 163709 |
| STWD Trust Series 2021-LIH Class F, CME Term SOFR 1 month Index + 3.6655%, 7.977% 11/15/2036 (b)(c)(d) | 100000 | 99298 |
| STWD Trust Series 2021-LIH Class G, CME Term SOFR 1 month Index + 4.3145%, 8.626% 11/15/2036 (b)(c)(d) | 42000 | 41487 |
| SWCH Commercial Mortgage Trust Series 2025-DATA Class F, CME Term SOFR 1 month Index + 4.2389%, 8.5507% 2/15/2042 (b)(c)(d) | 100000 | 98890 |
| Wells Fargo Commercial Mortgage Trust Series 2018-C44 Class D, 3% 5/15/2051 (b) | 535000 | 413655 |
| Wells Fargo Commercial Mortgage Trust Series 2019-C52 Class B, 3.375% 8/15/2052  | 785000 | 710762 |
| Wells Fargo Commercial Mortgage Trust Series 2019-C52 Class C, 3.561% 8/15/2052  | 100000 | 84237 |
| WF-RBS Commercial Mortgage Trust Series 2013-C11 Class E, 4.2014% 3/15/2045 (b)(d) | 220000 | 150050 |
| WFCM Series 2022-C62 Class C, 4.3483% 4/15/2055 (d) | 500000 | 430757 |
| WFCM Series 2022-C62 Class D, 2.5% 4/15/2055 (b) | 294000 | 200014 |
| WP Glimcher Mall Trust Series 2015-WPG Class PR1, 3.6332% 6/5/2035 (b)(d) | 140000 | 130550 |
| TOTAL UNITED STATES |  | 21610138 |
| <br> **TOTAL COMMERCIAL MORTGAGE SECURITIES**<br> (Cost $21,968,525) |  | <br> **21610138** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 15.5%** | &nbsp;&nbsp;**Common Stocks - 15.5%** | &nbsp;&nbsp;**Common Stocks - 15.5%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.7%  |  |  |
| Materials - 0.7% |  |  |
| Metals & Mining - 0.7% |  |  |
| BHP Group Ltd  | 58351 | 1403784 |
| Glencore PLC  | 461800 | 1799470 |
| TOTAL AUSTRALIA |  | 3203254 |
| AUSTRIA - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Paper & Forest Products - 0.2% |  |  |
| Mondi PLC  | 66412 | 1084353 |
| BRAZIL - 1.0%  |  |  |
| Materials - 1.0% |  |  |
| Chemicals - 0.2% |  |  |
| Yara International ASA  | 27200 | 1003869 |
| Metals & Mining - 0.8% |  |  |
| Gerdau SA  | 154800 | 455872 |
| Vale SA  | 185200 | 1794700 |
| Wheaton Precious Metals Corp  | 16710 | 1502704 |
|  |  | 3753276 |
| TOTAL BRAZIL |  | 4757145 |
| CANADA - 3.2%  |  |  |
| Energy - 0.7% |  |  |
| Oil, Gas & Consumable Fuels - 0.7% |  |  |
| Cameco Corp  | 10800 | 802059 |
| Cameco Corp (United States)  | 2557 | 189806 |
| Canadian Natural Resources Ltd  | 46530 | 1462446 |
| Imperial Oil Ltd  | 11500 | 913582 |
| South Bow Corp  | 798 | 20715 |
|  |  | 3388608 |
| Industrials - 0.0% |  |  |
| Ground Transportation - 0.0% |  |  |
| Canadian Pacific Kansas City Ltd (United States)  | 527 | 41775 |
| Materials - 2.5% |  |  |
| Chemicals - 0.8% |  |  |
| Nutrien Ltd  | 67310 | 3922195 |
| Metals & Mining - 1.5% |  |  |
| Agnico Eagle Mines Ltd/CA  | 18500 | 2204105 |
| Alamos Gold Inc Class A  | 34370 | 914178 |
| Algoma Steel Group Inc (United States)  | 128500 | 885364 |
| Franco-Nevada Corp  | 9810 | 1610591 |
| Teck Resources Ltd Class B  | 36830 | 1489428 |
|  |  | 7103666 |
| Paper & Forest Products - 0.2% |  |  |
| West Fraser Timber Co Ltd  | 14760 | 1082382 |
| TOTAL MATERIALS |  | 12108243 |
| TOTAL CANADA |  | 15538626 |
| CHILE - 0.3%  |  |  |
| Materials - 0.3% |  |  |
| Metals & Mining - 0.3% |  |  |
| Antofagasta PLC  | 22000 | 546438 |
| Lundin Mining Corp  | 85300 | 897005 |
| TOTAL CHILE |  | 1443443 |
| CHINA - 0.1%  |  |  |
| Industrials - 0.0% |  |  |
| Transportation Infrastructure - 0.0% |  |  |
| Beijing Capital International Airport Co Ltd H Shares (g) | 150201 | 56637 |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| MMG Ltd (g) | 1000000 | 487901 |
| TOTAL CHINA |  | 544538 |
| CONGO DEMOCRATIC REPUBLIC OF - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| Ivanhoe Mine Ltd Class A (g) | 52800 | 396654 |
| FINLAND - 0.4%  |  |  |
| Materials - 0.4% |  |  |
| Paper & Forest Products - 0.4% |  |  |
| UPM-Kymmene Oyj  | 67880 | 1853668 |
| FRANCE - 0.0%  |  |  |
| Utilities - 0.0% |  |  |
| Multi-Utilities - 0.0% |  |  |
| Engie SA  | 3081 | 72412 |
| GERMANY - 0.0%  |  |  |
| Utilities - 0.0% |  |  |
| Multi-Utilities - 0.0% |  |  |
| E.ON SE  | 4220 | 77756 |
| ITALY - 0.0%  |  |  |
| Utilities - 0.0% |  |  |
| Electric Utilities - 0.0% |  |  |
| Enel SpA  | 7607 | 72196 |
| MEXICO - 0.0%  |  |  |
| Industrials - 0.0% |  |  |
| Transportation Infrastructure - 0.0% |  |  |
| Grupo Aeroportuario del Centro Norte SAB de CV Class B ADR  | 831 | 87671 |
| Grupo Aeroportuario del Pacifico SAB de CV Class B ADR  | 667 | 153157 |
| Grupo Aeroportuario del Sureste SAB de CV Class B ADR  | 229 | 73020 |
| TOTAL MEXICO |  | 313848 |
| NETHERLANDS - 0.0%  |  |  |
| Materials - 0.0% |  |  |
| Chemicals - 0.0% |  |  |
| OCI NV  | 38980 | 352179 |
| NORWAY - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Norsk Hydro ASA  | 151600 | 868122 |
| SOUTH AFRICA - 0.6%  |  |  |
| Materials - 0.6% |  |  |
| Metals & Mining - 0.6% |  |  |
| Anglo American PLC  | 37147 | 1095016 |
| Impala Platinum Holdings Ltd (g) | 64600 | 580447 |
| Northam Platinum Holdings Ltd  | 80450 | 871175 |
| Valterra Platinum Ltd (United Kingdom)  | 4257 | 186988 |
| TOTAL SOUTH AFRICA |  | 2733626 |
| SPAIN - 0.1%  |  |  |
| Communication Services - 0.0% |  |  |
| Diversified Telecommunication Services - 0.0% |  |  |
| Cellnex Telecom SA (b)(h) | 2044 | 79589 |
| Industrials - 0.1% |  |  |
| Transportation Infrastructure - 0.1% |  |  |
| Aena SME SA (b)(h) | 11004 | 293723 |
| Utilities - 0.0% |  |  |
| Electric Utilities - 0.0% |  |  |
| Iberdrola SA  | 6284 | 120892 |
| TOTAL SPAIN |  | 494204 |
| TAIWAN - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Semiconductors & Semiconductor Equipment - 0.0% |  |  |
| Taiwan Semiconductor Manufacturing Co Ltd ADR  | 690 | 156278 |
| UNITED KINGDOM - 0.3%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Anglogold Ashanti Plc (South Africa)  | 18000 | 814302 |
| Utilities - 0.1% |  |  |
| Electric Utilities - 0.0% |  |  |
| SSE PLC  | 7512 | 189153 |
| Multi-Utilities - 0.1% |  |  |
| National Grid PLC  | 16120 | 236620 |
| TOTAL UTILITIES |  | 425773 |
| TOTAL UNITED KINGDOM |  | 1240075 |
| UNITED STATES - 8.0%  |  |  |
| Consumer Staples - 1.2% |  |  |
| Food Products - 1.2% |  |  |
| Archer-Daniels-Midland Co  | 70620 | 3727324 |
| Bunge Global SA  | 26970 | 2165151 |
|  |  | 5892475 |
| Energy - 4.0% |  |  |
| Oil, Gas & Consumable Fuels - 4.0% |  |  |
| Antero Resources Corp (g) | 18071 | 727900 |
| BP PLC  | 251300 | 1252051 |
| Centrus Energy Corp Class A (g) | 288 | 52756 |
| Cheniere Energy Inc  | 1055 | 256914 |
| Chevron Corp  | 21500 | 3078585 |
| Core Natural Resources Inc  | 7356 | 513007 |
| Diamondback Energy Inc  | 7300 | 1003020 |
| Exxon Mobil Corp  | 56030 | 6040035 |
| Hess Corp  | 5900 | 817386 |
| Navigator Holdings Ltd  | 30700 | 434405 |
| Occidental Petroleum Corp  | 16400 | 688964 |
| Ovintiv Inc  | 18920 | 719906 |
| Shell PLC  | 107736 | 3758861 |
| Targa Resources Corp  | 458 | 79729 |
| Williams Cos Inc/The  | 2262 | 142076 |
|  |  | 19565595 |
| Industrials - 0.1% |  |  |
| Aerospace & Defense - 0.0% |  |  |
| BWX Technologies Inc  | 267 | 38464 |
| Commercial Services & Supplies - 0.0% |  |  |
| GFL Environmental Inc Subordinate Voting Shares (United States)  | 1684 | 84975 |
| Waste Connections Inc (United States)  | 254 | 47427 |
|  |  | 132402 |
| Construction & Engineering - 0.0% |  |  |
| Ferrovial SE  | 1388 | 74000 |
| Quanta Services Inc  | 169 | 63895 |
|  |  | 137895 |
| Electrical Equipment - 0.1% |  |  |
| GE Vernova Inc  | 428 | 226476 |
| Ground Transportation - 0.0% |  |  |
| Norfolk Southern Corp  | 308 | 78839 |
| Union Pacific Corp  | 404 | 92952 |
|  |  | 171791 |
| TOTAL INDUSTRIALS |  | 707028 |
| Information Technology - 0.2% |  |  |
| Semiconductors & Semiconductor Equipment - 0.2% |  |  |
| Advanced Micro Devices Inc (g) | 960 | 136224 |
| Astera Labs Inc (g) | 841 | 76043 |
| Broadcom Inc  | 791 | 218039 |
| First Solar Inc (g) | 203 | 33605 |
| NVIDIA Corp  | 3358 | 530530 |
|  |  | 994441 |
| Materials - 2.0% |  |  |
| Chemicals - 1.5% |  |  |
| CF Industries Holdings Inc  | 9100 | 837200 |
| Corteva Inc  | 83620 | 6232199 |
|  |  | 7069399 |
| Containers & Packaging - 0.1% |  |  |
| International Paper Co  | 7120 | 333429 |
| Smurfit WestRock PLC (United Kingdom)  | 7870 | 339423 |
|  |  | 672852 |
| Metals & Mining - 0.4% |  |  |
| Ivanhoe Electric Inc / US (g) | 45000 | 408150 |
| Nucor Corp  | 7600 | 984504 |
| Steel Dynamics Inc  | 5600 | 716856 |
|  |  | 2109510 |
| TOTAL MATERIALS |  | 9851761 |
| Real Estate - 0.0% |  |  |
| Health Care REITs - 0.0% |  |  |
| Welltower Inc  | 448 | 68871 |
| Specialized REITs - 0.0% |  |  |
| American Tower Corp  | 227 | 50172 |
| TOTAL REAL ESTATE |  | 119043 |
| Utilities - 0.5% |  |  |
| Electric Utilities - 0.3% |  |  |
| Constellation Energy Corp  | 1035 | 334057 |
| Duke Energy Corp  | 1739 | 205202 |
| Entergy Corp  | 1720 | 142966 |
| Evergy Inc  | 1004 | 69206 |
| Exelon Corp  | 4147 | 180063 |
| NextEra Energy Inc  | 5407 | 375354 |
| NRG Energy Inc  | 229 | 36772 |
| PG&E Corp  | 7263 | 101246 |
| TXNM Energy Inc  | 1153 | 64937 |
|  |  | 1509803 |
| Independent Power and Renewable Electricity Producers - 0.1% |  |  |
| AES Corp/The  | 3024 | 31812 |
| Vistra Corp  | 1725 | 334323 |
|  |  | 366135 |
| Multi-Utilities - 0.1% |  |  |
| Ameren Corp  | 494 | 47444 |
| CenterPoint Energy Inc  | 3853 | 141559 |
| NiSource Inc  | 905 | 36508 |
| Sempra  | 3782 | 286562 |
|  |  | 512073 |
| TOTAL UTILITIES |  | 2388011 |
| TOTAL UNITED STATES |  | 39518354 |
| ZAMBIA - 0.3%  |  |  |
| Materials - 0.3% |  |  |
| Metals & Mining - 0.3% |  |  |
| First Quantum Minerals Ltd (g) | 82645 | 1468098 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $66,883,302) |  | <br> **76188829** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Preferred Stocks - 0.5%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.5%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.5%** |
|  | Shares | Value ($)<br>|
| UNITED STATES - 0.5%  |  |  |
| Financials - 0.5% |  |  |
| Mortgage Real Estate Investment Trusts (REITs) - 0.5% |  |  |
| AGNC Investment Corp CME Term SOFR 3 month Index + 4.9586%, 0% (c)(d) | 7000 | 175910 |
| AGNC Investment Corp CME Term SOFR 3 month Index + 4.993%, 0% (c)(d) | 17400 | 443874 |
| Annaly Capital Management Inc CME Term SOFR 3 month Index + 5.2506%, 0% (c)(d) | 8600 | 216805 |
| Chimera Investment Corp CME Term SOFR 3 month Index + 5.5995%, 10.9014% (c)(d) | 5000 | 121000 |
| Chimera Investment Corp Series B, CME Term SOFR 3 month Index + 6.0526%, 11.3508% (c)(d) | 10787 | 262556 |
| Dynex Capital Inc Series C, CME Term SOFR 3 month Index + 5.7226%, 9.9787% (c)(d) | 23400 | 600912 |
| Rithm Capital Corp CME Term SOFR 3 month Index + 5.2306%, 0% (c)(d) | 10300 | 252968 |
| Rithm Capital Corp CME Term SOFR 3 month Index + 5.802%, 7.5% (c)(d) | 9958 | 252540 |
| Rithm Capital Corp CME Term SOFR 3 month Index + 5.9016%, 7.125% (c)(d) | 6200 | 156302 |
|  |  | 2482867 |
| Real Estate - 0.0% |  |  |
| Hotel & Resort REITs - 0.0% |  |  |
| Braemar Hotels & Resorts Inc 5.5%  | 2700 | 35586 |
| RLJ Lodging Trust Series A,1.95%  | 400 | 9456 |
|  |  | 45042 |
| TOTAL UNITED STATES |  | 2527909 |
| <br> **TOTAL CONVERTIBLE PREFERRED STOCKS**<br> (Cost $2,163,904) |  | <br> **2527909** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 23.5%** | &nbsp;&nbsp;**Domestic Equity Funds - 23.5%** | &nbsp;&nbsp;**Domestic Equity Funds - 23.5%** |
|  | Shares | Value ($)<br>|
| Fidelity Commodity Strategy Central Fund (i) | 760586 | 70749739 |
| Fidelity Real Estate Equity Central Fund (i) | 335561 | 44874520 |
| <br> **TOTAL DOMESTIC EQUITY FUNDS**<br> (Cost $124,364,136) |  | **115624259** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Fixed-Income Funds - 25.4%** | &nbsp;&nbsp;**Fixed-Income Funds - 25.4%** | &nbsp;&nbsp;**Fixed-Income Funds - 25.4%** |
|  | Shares | Value ($)<br>|
| Fidelity Floating Rate Central Fund (i)<br>(Cost $127,168,504)<br>| 1293090 | **124653872** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 3.9%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 3.9%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 3.9%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED KINGDOM - 0.1%  |  |  |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| EG Global Finance PLC 12% 11/30/2028 (b) | 250000 | 275955 |
| UNITED STATES - 3.8%  |  |  |
| Consumer Discretionary - 0.3% |  |  |
| Hotels, Restaurants & Leisure - 0.2% |  |  |
| Hilton Domestic Operating Co Inc 4% 5/1/2031 (b) | 350000 | 329079 |
| Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc 4.875% 7/1/2031 (b) | 395000 | 363976 |
| Hyatt Hotels Corp 5.5% 6/30/2034  | 100000 | 99938 |
| Las Vegas Sands Corp 6% 6/14/2030  | 100000 | 103167 |
| Times Square Hotel Trust 8.528% 8/1/2026 (b) | 81845 | 82062 |
|  |  | 978222 |
| Household Durables - 0.1% |  |  |
| LGI Homes Inc 4% 7/15/2029 (b) | 170000 | 152113 |
| Tri Pointe Homes Inc 5.25% 6/1/2027  | 100000 | 100435 |
|  |  | 252548 |
| TOTAL CONSUMER DISCRETIONARY |  | 1230770 |
| Health Care - 0.0% |  |  |
| Health Care Providers & Services - 0.0% |  |  |
| Sabra Health Care LP 3.2% 12/1/2031  | 250000 | 222781 |
| Real Estate - 3.5% |  |  |
| Diversified REITs - 0.8% |  |  |
| GLP Capital LP / GLP Financing II Inc 3.25% 1/15/2032  | 250000 | 220029 |
| GLP Capital LP / GLP Financing II Inc 4% 1/15/2031  | 500000 | 471276 |
| GLP Capital LP / GLP Financing II Inc 5.3% 1/15/2029  | 1000000 | 1011088 |
| GLP Capital LP / GLP Financing II Inc 5.625% 9/15/2034  | 100000 | 99642 |
| GLP Capital LP / GLP Financing II Inc 6.25% 9/15/2054  | 100000 | 97615 |
| Safehold GL Holdings LLC 6.1% 4/1/2034  | 500000 | 520436 |
| Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC 6% 1/15/2030 (b) | 105000 | 98364 |
| Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC 10.5% 2/15/2028 (b) | 185000 | 196108 |
| Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC 6.5% 2/15/2029 (b) | 195000 | 188473 |
| Vici Properties LP / Vici Note Co Inc 4.625% 12/1/2029 (b) | 500000 | 491219 |
| VICI Properties LP 5.125% 5/15/2032  | 750000 | 747239 |
|  |  | 4141489 |
| Health Care REITs - 0.3% |  |  |
| MPT Operating Partnership LP / MPT Finance Corp 4.625% 8/1/2029  | 915000 | 720924 |
| MPT Operating Partnership LP / MPT Finance Corp 8.5% 2/15/2032 (b) | 75000 | 78492 |
| Omega Healthcare Investors Inc 3.375% 2/1/2031  | 500000 | 457537 |
| Omega Healthcare Investors Inc 4.5% 4/1/2027  | 83000 | 83165 |
| Ventas Realty LP 4.75% 11/15/2030  | 250000 | 250962 |
|  |  | 1591080 |
| Hotel & Resort REITs - 0.0% |  |  |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer 7% 2/1/2030 (b) | 40000 | 41138 |
| RHP Hotel Properties LP / RHP Finance Corp 6.5% 6/15/2033 (b) | 65000 | 66868 |
|  |  | 108006 |
| Industrial REITs - 0.0% |  |  |
| Prologis LP 5% 3/15/2034  | 176000 | 176447 |
| Real Estate Management & Development - 0.2% |  |  |
| Americold Realty Operating Partnership LP 5.409% 9/12/2034  | 150000 | 146816 |
| Americold Realty Operating Partnership LP 5.6% 5/15/2032  | 250000 | 251224 |
| Cushman & Wakefield US Borrower LLC 6.75% 5/15/2028 (b) | 285000 | 287434 |
| Extra Space Storage LP 2.35% 3/15/2032  | 500000 | 424227 |
|  |  | 1109701 |
| Residential REITs - 0.8% |  |  |
| American Homes 4 Rent LP 2.375% 7/15/2031  | 750000 | 653076 |
| American Homes 4 Rent LP 3.625% 4/15/2032  | 1000000 | 922699 |
| Invitation Homes Operating Partnership LP 2% 8/15/2031  | 750000 | 638587 |
| Invitation Homes Operating Partnership LP 4.15% 4/15/2032  | 1000000 | 946603 |
| Sun Communities Operating LP 2.7% 7/15/2031  | 1000000 | 886228 |
| Sun Communities Operating LP 4.2% 4/15/2032  | 4000 | 3785 |
|  |  | 4050978 |
| Retail REITs - 0.4% |  |  |
| Agree LP 5.625% 6/15/2034  | 3000 | 3075 |
| Brixmor Operating Partnership LP 4.05% 7/1/2030  | 350000 | 339540 |
| CBL & Associates LP 5.95% (e)(j) | 132000 | 0 |
| Phillips Edison Grocery Center Operating Partnership I LP 5.75% 7/15/2034  | 500000 | 514283 |
| Realty Income Corp 4% 7/15/2029  | 250000 | 246815 |
| Realty Income Corp 5.125% 2/15/2034  | 250000 | 252795 |
| Simon Property Group LP 4.75% 9/26/2034  | 500000 | 486797 |
|  |  | 1843305 |
| Specialized REITs - 1.0% |  |  |
| American Tower Corp 4.05% 3/15/2032  | 750000 | 717252 |
| Crown Castle Inc 2.25% 1/15/2031  | 1250000 | 1087458 |
| Crown Castle Inc 2.5% 7/15/2031  | 500000 | 436288 |
| Crown Castle Inc 3.8% 2/15/2028  | 100000 | 98197 |
| EPR Properties 3.6% 11/15/2031  | 250000 | 227089 |
| EPR Properties 4.95% 4/15/2028  | 250000 | 249514 |
| Equinix Inc 3.9% 4/15/2032  | 250000 | 236781 |
| Public Storage Operating Co 5.1% 8/1/2033  | 500000 | 513022 |
| SBA Communications Corp 3.125% 2/1/2029  | 500000 | 472239 |
| Weyerhaeuser Co 4% 4/15/2030  | 250000 | 243839 |
|  |  | 4281679 |
| TOTAL REAL ESTATE |  | 17302685 |
| TOTAL UNITED STATES |  | 18756236 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $19,171,451) |  | <br> **19032191** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 1.7%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 1.7%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 1.7%** |
|  | Shares | Value ($)<br>|
| UNITED STATES - 1.7%  |  |  |
| Financials - 0.6% |  |  |
| Capital Markets - 0.1% |  |  |
| DigitalBridge Group Inc 7.125% Series J  | 10900 | 227482 |
| DigitalBridge Group Inc Series H, 7.125%  | 11030 | 228652 |
| DigitalBridge Group Inc Series I, 7.15%  | 11100 | 227661 |
|  |  | 683795 |
| Mortgage Real Estate Investment Trusts (REITs) - 0.5% |  |  |
| AGNC Investment Corp 7.75% Series G (d) | 16000 | 398080 |
| AGNC Investment Corp CME Term SOFR 3 month Index + 5.111%, 10.3713% (c)(d) | 14200 | 361958 |
| Annaly Capital Management Inc CME Term SOFR 3 month Index + 4.4336%, 0% (c)(d) | 23000 | 569480 |
| Annaly Capital Management Inc CME Term SOFR 3 month Index + 4.993%, 10.1521% (c)(d) | 8800 | 221672 |
| Arbor Realty Trust Inc 6.25% (d) | 13000 | 264420 |
| Arbor Realty Trust Inc 6.375%  | 1500 | 25710 |
| ARMOUR Residential REIT Inc 7%  | 1000 | 20660 |
| Chimera Investment Corp Series C, 7.75% (d) | 7100 | 162306 |
| Ellington Financial Inc Series A 3 month U.S. LIBOR + 5.196%, 0% (c)(d) | 2000 | 49340 |
| Pennymac Mortgage Investment Trust 3 month U.S. Treasury Index + 8%, 0% (c)(d) | 4200 | 97230 |
| Pennymac Mortgage Investment Trust 6.75%  | 1300 | 24310 |
| Pennymac Mortgage Investment Trust 8.125% (d) | 2000 | 47040 |
| Rithm Capital Corp 7% Series D (d) | 2700 | 64638 |
| Two Harbors Investment Corp 7.625% Series B (d) | 6320 | 141694 |
| Two Harbors Investment Corp 8.125% Series A (d) | 6938 | 159783 |
|  |  | 2608321 |
| TOTAL FINANCIALS |  | 3292116 |
| Real Estate - 1.1% |  |  |
| Diversified REITs - 0.3% |  |  |
| Armada Hoffler Properties Inc 6.75%  | 6000 | 129660 |
| CTO Realty Growth Inc 6.375%  | 1000 | 20620 |
| Gladstone Commercial Corp 6.625%  | 3600 | 86112 |
| Gladstone Commercial Corp Series G, 6%  | 18200 | 371280 |
| Global Net Lease Inc 6.875% Series B  | 2200 | 45870 |
| Global Net Lease Inc 7.25% Series A  | 9300 | 203949 |
| Global Net Lease Inc 7.375% Series E  | 10000 | 222820 |
| Global Net Lease Inc 7.5%  | 16700 | 385353 |
|  |  | 1465664 |
| Health Care REITs - 0.0% |  |  |
| Global Medical REIT Inc 7.5% Series A  | 2100 | 52647 |
| National Healthcare Properties Inc Series A, 7.375%  | 4200 | 62958 |
| National Healthcare Properties Inc Series B, 7.125%  | 2000 | 29460 |
|  |  | 145065 |
| Hotel & Resort REITs - 0.4% |  |  |
| DiamondRock Hospitality Co 8.25%  | 11337 | 277757 |
| Pebblebrook Hotel Trust 6.3% Series F  | 10273 | 179058 |
| Pebblebrook Hotel Trust 6.375%  | 17200 | 299624 |
| Pebblebrook Hotel Trust 6.375% Series E  | 8700 | 153120 |
| Pebblebrook Hotel Trust Series H, 5.7%  | 10600 | 170448 |
| Sotherly Hotels Inc 7.875% Series C  | 1700 | 27200 |
| Summit Hotel Properties Inc Series E, 6.25%  | 6800 | 120496 |
| Summit Hotel Properties Inc Series F, 5.875%  | 4000 | 70600 |
| Sunstone Hotel Investors Inc Series H, 6.125%  | 3500 | 70595 |
| Sunstone Hotel Investors Inc Series I, 5.7%  | 9600 | 177216 |
|  |  | 1546114 |
| Industrial REITs - 0.0% |  |  |
| Rexford Industrial Realty Inc 5.625% Series C  | 4400 | 93148 |
| Rexford Industrial Realty Inc 5.875% Series B  | 1200 | 26874 |
|  |  | 120022 |
| Office REITs - 0.1% |  |  |
| Hudson Pacific Properties Inc 4.75% Series C  | 18100 | 269328 |
| Vornado Realty Trust Series L, 5.4%  | 1000 | 17080 |
|  |  | 286408 |
| Residential REITs - 0.0% |  |  |
| American Homes 4 Rent 5.875% Series G  | 5200 | 118300 |
| UMH Properties Inc 6.375% Series D  | 3900 | 85410 |
|  |  | 203710 |
| Retail REITs - 0.2% |  |  |
| Agree Realty Corp 4.25%  | 1500 | 25485 |
| Cedar Realty Trust Inc 7.25%  | 415 | 6549 |
| Kimco Realty Corp 5.125%  | 11600 | 228172 |
| Kimco Realty Corp 5.25%  | 16500 | 332475 |
| Regency Centers Corp 5.875%  | 2000 | 44880 |
| Regency Centers Corp 6.25% Series A  | 4500 | 106695 |
| Saul Centers Inc 6.125% Series D  | 1300 | 27235 |
|  |  | 771491 |
| Specialized REITs - 0.1% |  |  |
| Digital Realty Trust Inc 5.25%  | 5800 | 121916 |
| Digital Realty Trust Inc Series L, 5.2%  | 12700 | 253619 |
| National Storage Affiliates Trust Series A, 6%  | 200 | 4480 |
| Public Storage Operating Co 4%  | 2300 | 36202 |
| Public Storage Operating Co 4%  | 1200 | 18912 |
| Public Storage Operating Co 5.05% Series G  | 6000 | 120000 |
| Public Storage Operating Co 5.15% Series F  | 3200 | 65088 |
| Public Storage Operating Co Series MM, 4.125%  | 1000 | 16530 |
|  |  | 636747 |
| TOTAL REAL ESTATE |  | 5175221 |
| TOTAL UNITED STATES |  | 8467337 |
| <br> **TOTAL NON-CONVERTIBLE PREFERRED STOCKS**<br> (Cost $9,484,495) |  | <br> **8467337** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 23.9%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 23.9%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 23.9%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 23.9%** |
|  | Yield (%) (k) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bonds Inflation-Indexed 0.125% 2/15/2051  | -0.41 to 2.20 | 1532807 | 835708 |
| US Treasury Bonds Inflation-Indexed 0.125% 2/15/2052  | -0.15 to 2.64 | 2431522 | 1299503 |
| US Treasury Bonds Inflation-Indexed 0.625% 2/15/2043  | -0.53 to 2.54 | 1823657 | 1356485 |
| US Treasury Bonds Inflation-Indexed 0.75% 2/15/2042  | -0.44 to 2.42 | 251285 | 195280 |
| US Treasury Bonds Inflation-Indexed 0.75% 2/15/2045  | -0.38 to 2.67 | 1893583 | 1383564 |
| US Treasury Bonds Inflation-Indexed 0.875% 2/15/2047  | -0.39 to 2.41 | 1293059 | 937620 |
| US Treasury Bonds Inflation-Indexed 1% 2/15/2046  | -0.28 to 2.46 | 423764 | 321349 |
| US Treasury Bonds Inflation-Indexed 1% 2/15/2048  | -0.38 to 2.37 | 935340 | 688499 |
| US Treasury Bonds Inflation-Indexed 1% 2/15/2049  | -0.40 to 1.67 | 1886763 | 1370152 |
| US Treasury Bonds Inflation-Indexed 1.375% 2/15/2044  | -0.50 to 1.54 | 3152071 | 2648664 |
| US Treasury Bonds Inflation-Indexed 1.5% 2/15/2053  | 1.57 to 2.42 | 1618785 | 1283238 |
| US Treasury Bonds Inflation-Indexed 2.125% 2/15/2040  | -0.60 to 1.00 | 748037 | 738888 |
| US Treasury Bonds Inflation-Indexed 2.125% 2/15/2041  | -0.54 to 2.29 | 1589395 | 1556690 |
| US Treasury Bonds Inflation-Indexed 2.125% 2/15/2054  | 2.05 to 2.07 | 1160239 | 1062599 |
| US Treasury Bonds Inflation-Indexed 2.375% 1/15/2027  | -1.82 to 2.47 | 2308164 | 2346836 |
| US Treasury Bonds Inflation-Indexed 2.375% 2/15/2055  | 2.19 | 656737 | 635433 |
| US Treasury Bonds Inflation-Indexed 2.5% 1/15/2029  | -1.54 to 1.74 | 924885 | 962433 |
| US Treasury Bonds Inflation-Indexed 3.375% 4/15/2032  | -1.05 to 1.87 | 903650 | 1006179 |
| US Treasury Bonds Inflation-Indexed 3.625% 4/15/2028  | -1.61 to 1.92 | 1765226 | 1877206 |
| US Treasury Bonds Inflation-Indexed 3.875% 4/15/2029  | 1.82 | 1014723 | 1107944 |
| US Treasury Notes Inflation-Indexed 0.125% 1/15/2030  | -1.19 to 2.04 | 4193157 | 3957993 |
| US Treasury Notes Inflation-Indexed 0.125% 1/15/2031  | -1.15 to 1.92 | 3462847 | 3209259 |
| US Treasury Notes Inflation-Indexed 0.125% 1/15/2032  | -0.90 to 2.47 | 3865248 | 3504448 |
| US Treasury Notes Inflation-Indexed 0.125% 10/15/2026  | -1.93 to 0.80 | 2259892 | 2233922 |
| US Treasury Notes Inflation-Indexed 0.125% 4/15/2027  | -0.44 to 2.13 | 4646976 | 4549795 |
| US Treasury Notes Inflation-Indexed 0.125% 7/15/2026  | -2.05 to 1.16 | 2793053 | 2768872 |
| US Treasury Notes Inflation-Indexed 0.125% 7/15/2030  | -1.29 to 2.17 | 3681001 | 3458644 |
| US Treasury Notes Inflation-Indexed 0.125% 7/15/2031  | -1.17 to 1.99 | 4040734 | 3719524 |
| US Treasury Notes Inflation-Indexed 0.25% 7/15/2029  | -1.43 to 1.85 | 4104735 | 3942433 |
| US Treasury Notes Inflation-Indexed 0.375% 1/15/2027  | -1.87 to 1.53 | 2978749 | 2938033 |
| US Treasury Notes Inflation-Indexed 0.375% 7/15/2027  | -1.79 to 1.88 | 2936247 | 2896619 |
| US Treasury Notes Inflation-Indexed 0.5% 1/15/2028  | -1.66 to 1.98 | 5861489 | 5752790 |
| US Treasury Notes Inflation-Indexed 0.625% 7/15/2032  | 0.09 to 1.97 | 4239744 | 3956014 |
| US Treasury Notes Inflation-Indexed 0.75% 7/15/2028  | -1.44 to 1.83 | 3816048 | 3769883 |
| US Treasury Notes Inflation-Indexed 0.875% 1/15/2029  | -1.49 to 1.72 | 2798823 | 2755721 |
| US Treasury Notes Inflation-Indexed 1.125% 1/15/2033  | 1.15 to 2.28 | 4135450 | 3953152 |
| US Treasury Notes Inflation-Indexed 1.25% 4/15/2028  | 1.27 | 2267340 | 2263283 |
| US Treasury Notes Inflation-Indexed 1.375% 7/15/2033  | 1.57 to 2.23 | 4394042 | 4268794 |
| US Treasury Notes Inflation-Indexed 1.625% 10/15/2027  | 1.46 to 1.84 | 2328300 | 2357437 |
| US Treasury Notes Inflation-Indexed 1.625% 10/15/2029  | 1.77 to 1.99 | 2132815 | 2159449 |
| US Treasury Notes Inflation-Indexed 1.625% 4/15/2030  | 1.41 to 1.61 | 4061233 | 4091280 |
| US Treasury Notes Inflation-Indexed 1.75% 1/15/2034  | 1.69 to 2.13 | 3923974 | 3891360 |
| US Treasury Notes Inflation-Indexed 1.875% 7/15/2034  | 1.60 to 2.03 | 4794822 | 4800764 |
| US Treasury Notes Inflation-Indexed 2.125% 1/15/2035  | 1.83 to 2.12 | 4767385 | 4847606 |
| US Treasury Notes Inflation-Indexed 2.125% 4/15/2029  | 1.87 to 2.29 | 4133003 | 4244733 |
| US Treasury Notes Inflation-Indexed 2.375% 10/15/2028  | 1.67 to 2.43 | 3267701 | 3389940 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $122,598,541) |  |  | **117296018** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 1.3%** | &nbsp;&nbsp;**Money Market Funds - 1.3%** | &nbsp;&nbsp;**Money Market Funds - 1.3%** | &nbsp;&nbsp;**Money Market Funds - 1.3%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (l)<br>(Cost $6,608,809)<br>| 4.32 | 6607488 | **6608809** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.7%**<br> (Cost $503,786,642)<br>| <br>**494788852** |
| **NET OTHER ASSETS (LIABILITIES) - (0.7)%**  | **(3248505)** |
| **NET ASSETS - 100.0%** | **491540347** |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $19,698,877 or 4.0% of net assets.

(c) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(d) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(e) Level 3 security

(f) Interest Only (IO) security represents the right to receive only monthly interest payments on an underlying pool of assets. Principal shown is the outstanding par amount of the pool as of the end of the period.

(g) Non-income producing

(h) Security exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $373,312 or 0.1% of net assets.

(i) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. A complete unaudited schedule of portfolio holdings for each Fidelity Central Fund is filed with the SEC for the first and third quarters of each fiscal year on Form N-PORT and is available upon request or at the SEC's website at www.sec.gov. An unaudited holdings listing for the Fund, which presents direct holdings as well as the pro-rata share of securities and other investments held indirectly through its investment in underlying non-money market Fidelity Central Funds, other than the Commodity Strategy Central Fund, is available at fidelity.com and/or institutional.fidelity.com, as applicable. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(j) Non-income producing - Security is in default.

(k) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(l) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 7375200 | 71944396 | 72710787 | 206042 | - | - | 6608809 | 6607488 | 0.0% |
| Fidelity Commodity Strategy Central Fund | 74313297 | 4302291 | 9553249 | 2218772 | (1929740) | 3617140 | 70749739 | 760586 | 21.9% |
| Fidelity Floating Rate Central Fund | 126007599 | 13079029 | 12680157 | 7993878 | (182489) | (1570110) | 124653872 | 1293090 | 6.4% |
| Fidelity Real Estate Equity Central Fund | 46489288 | 8872082 | 7035880 | 943498 | 540077 | (3991047) | 44874520 | 335561 | 5.3% |
| Fidelity Securities Lending Cash Central Fund | 966947 | 4533826 | 5500773 | 5922 | - | - | - | - | 0.0% |
| Total | 255152331 | 102731624 | 107480846 | 11368112 | (1572152) | (1944017) | 246886940 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations and Non-Convertible Corporate Bonds are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Asset-Backed Securities and Commercial Mortgage Securities are valued by pricing services who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Salem Street Trust

- **b. Investment Company Act file number:** 811-02105

- **c. CIK number of Registrant:** 0000035315

- **d. LEI of Registrant:** S4W85DGKOEJ24DPRB829

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

- **a. Name of Series:** Fidelity Strategic Real Return Fund

- **b. EDGAR series identifier (if any):** S000017675

- **c. LEI of Series:** RZY8LIPPNOB2FYT9E418

**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:** $493132241.11

**Total Liabilities:** $390631.48

**Net Assets:** $492741609.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1034.73570984 | **1-Year:** 11254.87248280 | **5-Year:** 31771.43109075 | **10-Year:** 31058.98271170 | **30-Year:** 18136.64551820

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

- **3-Month:** 110788.37524821 | **1-Year:** -150004.70481720 | **5-Year:** -11889.64314130 | **10-Year:** 83.99732110 | **30-Year:** 55260.78748232

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048841 | -1.69%               | 1.07%                | 1.52%                |
| Class ID C000048838 | -1.70%               | 1.07%                | 1.53%                |
| Class ID C000048842 | -1.74%               | 1.07%                | 1.64%                |
| Class ID C000048837 | -1.62%               | 0.94%                | 1.64%                |
| Class ID C000048840 | -1.82%               | 0.97%                | 1.56%                |
| Class ID C000205021 | -1.73%               | 1.06%                | 1.64%                |
| Class ID C000214978 | -1.68%               | 1.06%                | 1.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-563865.98              | $-9634282.62                               |
| Month 2  | $-383619.28              | $3685545.06                                |
| Month 3  | $2270735.10              | $3716751.78                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UST NOTES                                                                         | USTN TII 0.125% 07/15/2030                                                                           | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2942000 | PA      | $3458644.36   | 0.70%             | 2030-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG E TSFR1M+418.849 11/15/2034 144A                            | CUSIP: 81631WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99730.43     | 0.02%             | 2034-11-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BX 2021-MFM1                                                                      | BX 2021-MFM1 G TSFR1M+401.448 01/15/2034 144A                                                        | CUSIP: 05608VAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    119000 | PA      | $118498.66    | 0.02%             | 2034-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.625% 07/15/2032                                                                           | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3840000 | PA      | $3956013.88   | 0.80%             | 2032-07-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-SFR2                                     | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-SFR2 4% 09/04/2039 144A                                     | CUSIP: 64830RAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $95408.89     | 0.02%             | 2039-09-04      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2020-L4                                                   | Morgan Stanley Capital I Trust 3.536% 02/15/2053                                                     | CUSIP: 61770KBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    542000 | PA      | $480477.42    | 0.10%             | 2053-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP NEW                                                              | DUKE ENERGY CORP NEW                                                                                 | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      1739 | NS      | $205202.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE SER M 4.125% PFD PERP                                                                 | CUSIP: 74460W537<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      1000 | NS      | $16530.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERDROLA SA                                                                      | IBERDROLA SA                                                                                         | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |      6284 | NS      | $120891.78    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK 2022-BNK41                                                                   | BANK 2022-BNK41 CSTR 04/15/2065                                                                      | CUSIP: 06540MCA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    567000 | PA      | $469335.72    | 0.10%             | 2065-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| AES CORP                                                                          | AES CORP                                                                                             | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |      3024 | NS      | $31812.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                        | BMO 2022-C1 MORTGAGE TRUST CSTR 02/15/2042 144A                                                      | CUSIP: 05609MDC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84000 | PA      | $66964.20     | 0.01%             | 2055-02-17      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| TRICON RESIDENTIAL 2022S-FR1 TR                                                   | TRICON RESIDENTIAL 2022S-FR1 TR 5.344% 04/17/2039 144A                                               | CUSIP: 89616QAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    238000 | PA      | $236362.87    | 0.05%             | 2039-04-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX 2021-VOLT                                                                      | BX 2021-VOLT F TSFR1M+251.448 09/15/2036 144A                                                        | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96883 | PA      | $96428.67     | 0.02%             | 2036-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ROCC 2024-CNTR E                                                                  | ROCC 2024-CNTR E 8.81906% 11/13/2041 144A                                                            | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    158000 | PA      | $166203.88    | 0.03%             | 2041-11-13      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE 4% PFD PERP                                                                           | CUSIP: 74460W420<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      2300 | NS      | $36202.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER C 6.375%/VAR PFD PERP                                                         | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     10300 | NS      | $252968.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO COML MTG TR 2018-C44                                                  | WELLS FARGO COML MTG TR 2018-C44 3% 05/15/2051 144A                                                  | CUSIP: 95001JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535000 | PA      | $413654.94    | 0.08%             | 2051-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP                                                                 | SREIT TR 2021-MFP G TSFR1M+308.828 38 11/15/2038 144A                                                | CUSIP: 78472UAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105694 | PA      | $105672.31    | 0.02%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ARMADA HOFFLER PROPERTIES INC                                                     | ARMADA HOFFLER PPTYS INC SER A 6.75% PFD PERP                                                        | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               | CORP              | US        |      6000 | NS      | $129660.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRUS ENERGY CORP                                                               | CENTRUS ENERGY CORP CL A                                                                             | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |       288 | NS      | $52755.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 3.375% 4/15/32                                                                              | CUSIP: 912810FQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $1006178.81   | 0.20%             | 2032-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER  | PARK INTERMEDIATE HOLDINGS LLC / PK DOMESTIC PROPERTY LLC / PK FINANCE CO-ISSUER 7% 02/01/2030 144A  | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $41137.54     | 0.01%             | 2030-02-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST 2021-SFR6                                              | PROGRESS RESIDENTIAL TRUST 2021-SFR6 3.422% 07/17/2038 144A                                          | CUSIP: 74333HAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $98035.71     | 0.02%             | 2038-07-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL PAPER CO                                                            | INTERNATIONAL PAPER CO                                                                               | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |      7120 | NS      | $333429.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                                | PENNYMAC MTG INVT TR 6.75% PERP PFD                                                                  | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |      1300 | NS      | $24310.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH PPTYS INC                                                                     | UMH PPTYS INC 6.75% SER D PFD PERP                                                                   | CUSIP: 903002509<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EP               | CORP              | US        |      3900 | NS      | $85410.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 2.125% 02/15/2054                                                                           | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1110000 | PA      | $1062599.07   | 0.22%             | 2054-02-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| DYNEX CAPITAL INC                                                                 | DYNEX CAP INC 6.9%/VAR PFD PERP C                                                                    | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |     23400 | NS      | $600912.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                                                                    | GE VERNOVA INC                                                                                       | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       431 | NS      | $228063.65    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                                             | EG GLOBAL FINANCE PLC 12% 11/30/2028 144A                                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $275955.46    | 0.06%             | 2028-11-30      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP NEW                                                                  | ENTERGY CORP                                                                                         | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      1720 | NS      | $142966.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI PROPERTIES LP                                                                | VICI PROPERTIES LP 5.125% 05/15/2032                                                                 | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747239.11    | 0.15%             | 2032-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Central Investment Portfolios LLC                                        | Fidelity Real Estate Equity Central Fund                                                             | CUSIP: 31606V674<br>LEI: S2V1M15I679NQK6BNY65 | Long             | EC               | RF                | US        |    326952 | NS      | $43723244.15  | 8.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                                                           | SSE PLC                                                                                              | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |      7653 | NS      | $192703.62    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                                   | BX TR 2022-LBA6 TSFR1M+420 01/15/2039 144A                                                           | CUSIP: 12433EAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99694.85     | 0.02%             | 2039-01-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| AMR HMS 15-SFR2                                                                   | AMERICAN HOMES 4 RENT 2015-SFR2 TR VAR 10/17/2045 144A                                               | CUSIP: 02666BAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    131584 | PA      | $1.32         | 0.00%             | 2052-10-17      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| ADVANCED MICRO DEVICES INC                                                        | ADVANCED MICRO DEVICES INC                                                                           | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       960 | NS      | $136224.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.875% 01/15/2029                                                                           | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2203000 | PA      | $2755721.00   | 0.56%             | 2029-01-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY CORP                                                                 | KIMCO REALTY CORP 5.125% PERP PFD                                                                    | CUSIP: 49446R737<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |     11600 | NS      | $228172.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 1.5% 02/15/2053                                                                             | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1283237.89   | 0.26%             | 2053-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| WFCM 2022                                                                         | WFCM 2022-C62 4.35% 04/15/2055 144A                                                                  | CUSIP: 95003MBX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $430756.85    | 0.09%             | 2055-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE 5.15% SER F PFD PERP                                                                  | CUSIP: 74460W685<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      3200 | NS      | $65088.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                                         | BENCHMARK 2022-B36 MTG TR 4.4699% 07/15/2055                                                         | CUSIP: 08163QBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $97325.83     | 0.02%             | 2055-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                       | PROLOGIS LP 5% 03/15/2034                                                                            | CUSIP: 74340XCJ8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              | CORP              | US        |    176000 | PA      | $176447.12    | 0.04%             | 2034-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLTOWER INC                                                                     | WELLTOWER INC                                                                                        | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |       448 | NS      | $68871.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MERIT 2021-STOR G TSFR1M+286.448 07/15/2038 144A                                                     | CUSIP: 55293BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105000 | PA      | $104934.38    | 0.02%             | 2038-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                                                                 | NATIONAL GRID PLC                                                                                    | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |     16120 | NS      | $236620.04    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SREIT TR 2021-IND                                                                 | SREIT TR 2021-IND G TSFR1M+338.026 21 10/15/2038 144A                                                | CUSIP: 78473JAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198000 | PA      | $195530.37    | 0.04%             | 2038-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| NORTHAM PLATINUM HOLDINGS LTD                                                     | NORTHAM PLATINUM HOLDINGS LTD                                                                        | CUSIP: N/A<br>LEI: 3789009D0712C7101695       | Long             | EC               | CORP              | ZA        |     80450 | NS      | $871175.29    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER F 6.3% PERP PFD                                                             | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     10273 | NS      | $179058.39    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                           | SIMON PROPERTY GROUP LP 4.75% 09/26/2034                                                             | CUSIP: 828807DY0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    500000 | PA      | $486796.89    | 0.10%             | 2034-09-26      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C11                                                        | WFRBS 2013-C11 E VAR 3/45                                                                            | CUSIP: 92937EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $150049.59    | 0.03%             | 2045-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.75% 07/15/28                                                                              | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3336000 | PA      | $4211764.64   | 0.85%             | 2028-07-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTYS LP and RHP FIN CORP                                               | RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 06/15/2033 144A                                             | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66868.49     | 0.01%             | 2033-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 2.375% 10/15/2028                                                                           | CUSIP: 91282CJH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3120000 | PA      | $3389940.25   | 0.69%             | 2028-10-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| QUANTA SVCS INC                                                                   | QUANTA SVCS INC                                                                                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       307 | NS      | $116070.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE COMMERCIAL CORP                                                         | GLADSTONE COMMERCIAL CORP SER E 6.625% PFD 12/31/2049                                                | CUSIP: 376536702<br>LEI: 529900EVVV534W8R0T32 | Long             | EP               | CORP              | US        |      3600 | NS      | $86112.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-SOAR                                            | BX COMMERCIAL MORTGAGE TRUST 2021-SOAR J 3.85% 06/15/2023 144A                                       | CUSIP: 05608WAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    526043 | PA      | $524651.98    | 0.11%             | 2038-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-PAC                                             | BX COMMERCIAL MORTGAGE TRUST 2021-PAC G TSFR1M+306.058 21 10/15/2036 144A                            | CUSIP: 05609PAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198000 | PA      | $196391.25    | 0.04%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                        | BFLD COML MTG TR 2024-UNIV TSFR1M+269.09 11/15/2029 144A                                             | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84000 | PA      | $84105.00     | 0.02%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TWO HARBORS INVESTMENT COR                                                        | TWO HARBORS INVT CORP 8.125% SER A PERP PFD                                                          | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |      6938 | NS      | $159782.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRICON RESIDENTIAL 2022S-FR1 TR                                                   | TRICON RESIDENTIAL 2022S-FR1 TR 5.739% 04/17/2039 144A                                               | CUSIP: 89616QAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    295000 | PA      | $293973.37    | 0.06%             | 2039-04-17      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2022-SFR2 TR                                                 | PROGRESS RESIDENTIAL 2022-SFR2 TR 4.8% 04/17/2027 144A                                               | CUSIP: 74332VAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $97093.30     | 0.02%             | 2027-04-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-IG2 MTG TR                                                         | BENCHMARK 2020-IG2 D MT VAR 09/15/2048 144A                                                          | CUSIP: 08162NAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    417000 | PA      | $182732.65    | 0.04%             | 2048-09-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 1% 02/15/2049                                                                               | CUSIP: 912810SG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1480000 | PA      | $1370152.40   | 0.28%             | 2049-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| Phillips Edison Grocery Center Operating Partnership I LP                         | Phillips Edison Grocery Center Operating Partnership I LP 5.75% 07/15/2034                           | CUSIP: 71845JAB4<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514282.25    | 0.10%             | 2034-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COML MTG TR 2021-MF G TSFR1M+446.448 07/15/2038 144A                                            | CUSIP: 69356GAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $45140.09     | 0.01%             | 2038-07-15      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| STEEL DYNAMICS INC                                                                | STEEL DYNAMICS INC                                                                                   | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      5600 | NS      | $716856.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2017-BNK4 2.5% 06/15/2055 144A                                                                  | CUSIP: 06541MAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    180000 | PA      | $133685.15    | 0.03%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP LP                                         | AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.409% 09/12/2034                                          | CUSIP: 03063UAA9<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146816.11    | 0.03%             | 2034-09-12      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                              | LAS VEGAS SANDS CORP 6% 06/14/2030                                                                   | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103167.31    | 0.02%             | 2030-06-14      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTHCARE PROPERTIES INC                                                | HEALTHCARE TRUST INC 7.125% PERP PFD                                                                 | CUSIP: 42226B303<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |      2000 | NS      | $29460.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BX TR 2022-LBA6                                                                   | BX TR 2022-LBA6 TSFR1M+335 01/15/2039 144A                                                           | CUSIP: 12433EAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99625.00     | 0.02%             | 2039-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-4                                        | STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-4 TSFR1M+450 05/17/2024 144A                                | CUSIP: 78474PAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500003.25    | 0.10%             | 2039-05-17      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| TXNM ENERGY INC                                                                   | TXNM ENERGY INC                                                                                      | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |      1153 | NS      | $64936.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR OPERATING PARTNERSHIP LP                                                  | BRIXMOR OPERATING PARTNERSHIP LP 4.05% 07/01/2030                                                    | CUSIP: 11120VAJ2<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    350000 | PA      | $339540.49    | 0.07%             | 2030-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SAUL CENTERS INC                                                                  | SAUL CENTERS INC 6.125% SER D PFD PERP                                                               | CUSIP: 804395804<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1300 | NS      | $27235.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SREIT TRUST                                                                       | SREIT TRUST TSFR1M+273.268 61820 11/15/2036 144A                                                     | CUSIP: 85236WCQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100062.50    | 0.02%             | 2036-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AGREE REALTY CORP                                                                 | AGREE REALTY CORP 4.375% PERP PFD                                                                    | CUSIP: 008492209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1500 | NS      | $25485.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                                                                | NEXTERA ENERGY INC                                                                                   | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      5407 | NS      | $375353.94    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC         | HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC 4.875% 07/01/2031 144A     | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $363975.28    | 0.07%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 3.625% 04/15/2032                                                           | CUSIP: 02666TAE7<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $922698.70    | 0.19%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 0.625% 02/15/2043                                                                           | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1307000 | PA      | $1356485.01   | 0.28%             | 2043-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| SOTHERLY HOTELS INC                                                               | SOTHERLY HOTELS INC SER C 7.875% PERP PFD                                                            | CUSIP: 83600C400<br>LEI: 549300IYTT21F61LSR10 | Long             | EP               | CORP              | US        |      1700 | NS      | $27200.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLO AMERICAN PLC                                                                | ANGLO AMERICAN PLC                                                                                   | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     37147 | NS      | $1095015.46   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2011-C3                                         | JPMCC 2011-C3 E CSTR 2/46                                                                            | CUSIP: 46635TBD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $136088.08    | 0.03%             | 2046-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ALAMOS GOLD INC                                                                   | ALAMOS GOLD INC A                                                                                    | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |     34370 | NS      | $914177.64    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                             | GFL ENVIRONMENTAL INC                                                                                | CUSIP: 36168Q104<br>LEI: 5493008HF9XC5H29ZX61 | Long             | EC               | CORP              | CA        |      2101 | NS      | $106016.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU SA                                                                         | GERDAU SA PN                                                                                         | CUSIP: N/A<br>LEI: 254900YDV6SEQQPZVG24       | Long             | EC               | CORP              | BR        |    154800 | NS      | $455872.34    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER G 7.75%/VAR PFD PERP                                                        | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     16000 | NS      | $398080.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC SER B 6.875% PFD PERP                                                           | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |      2200 | NS      | $45870.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD                                    | PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD 3% 12/26/2070 144A                                    | CUSIP: 74167UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    350000 | PA      | $291725.00    | 0.06%             | 2070-12-26      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CHIMERA INVESTMENT CORP                                                           | CHIMERA INVESTMENT CORP 8%/VAR PERP PFD                                                              | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |      5000 | NS      | $121000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                                                                        | VENTAS INC REIT                                                                                      | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       255 | NS      | $16103.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO AEROPORTUARIO DEL CENTRO NORTE SAB DE CV                                    | GRUPO AERO CENT NORTE SPON ADS                                                                       | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |       831 | NS      | $87670.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL MEDICAL REIT INC                                                           | GLOBAL MEDICAL REIT INC SER A 7.5% PFD PERP                                                          | CUSIP: 37957W203<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EP               | CORP              | US        |      2100 | NS      | $52647.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO RESOURCES CORPORATION                                                      | ANTERO RES CORP                                                                                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     18071 | NS      | $727899.88    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                                                                       | EQUINIX INC 3.9% 04/15/2032                                                                          | CUSIP: 29444UBU9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236780.63    | 0.05%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TWO HARBORS INVESTMENT COR                                                        | TWO HARBORS INV CORP 7.625% SER B PFD PERP                                                           | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |      6320 | NS      | $141694.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSHMAN and WAKEFIELD US BORROWER LLC                                             | CUSHMAN and WAKEFIELD US BORROWER LLC 6.75% 05/15/2028 144A                                          | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    285000 | PA      | $287434.19    | 0.06%             | 2028-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES INC                                                     | HUDSON PACIFIC PROPERTIES INC 4.75% PFD PERP C                                                       | CUSIP: 444097307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18100 | NS      | $269328.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 2.375% 07/15/2031                                                           | CUSIP: 02666TAC1<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    750000 | PA      | $653076.54    | 0.13%             | 2031-07-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                        | FIRST QUANTUM MINERALS LTD                                                                           | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     82645 | NS      | $1468098.07   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LUNDIN MINING CORP                                                                | LUNDIN MINING CORP                                                                                   | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     85300 | NS      | $897004.59    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE COMMERCIAL CORP                                                         | GLADSTONE COMMERCIAL CORP SER G 6% PFD PERP                                                          | CUSIP: 376536884<br>LEI: 529900EVVV534W8R0T32 | Long             | EP               | CORP              | US        |     18200 | NS      | $371280.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP LP                                         | AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.6% 05/15/2032                                            | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251223.86    | 0.05%             | 2032-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                                                           | E.ON SE                                                                                              | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |      4220 | NS      | $77756.20     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UPM KYMMENE CORP                                                                  | UPM KYMMENE CORP                                                                                     | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |     67880 | NS      | $1853668.36   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| AGREE LP                                                                          | AGREE LP 5.625% 06/15/2034                                                                           | CUSIP: 008513AE3<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3075.18      | 0.00%             | 2034-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                          | MHC 2021 MHC G TSFR1M+331.544 9 04/15/2026 144A                                                      | CUSIP: 55316VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160000 | PA      | $160000.00    | 0.03%             | 2038-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2022-SFR4 TR                                                 | PROGRESS RESIDENTIAL 2022-SFR4 TR 6.121% 05/17/2041 144A                                             | CUSIP: 74332XAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    221000 | PA      | $221624.72    | 0.04%             | 2041-05-17      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                            | SEMPRA                                                                                               | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      3782 | NS      | $286562.14    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 2.125% 2/15/41                                                                              | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    875000 | PA      | $1255395.26   | 0.25%             | 2041-02-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                                         | BENCHMARK 2022-B36 MTG TR 2.5% 07/15/2055 144A                                                       | CUSIP: 08163QAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $174808.45    | 0.04%             | 2055-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GLENCORE PLC                                                                      | GLENCORE PLC                                                                                         | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |    461800 | NS      | $1799469.55   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 0.875% 2/15/47                                                                              | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    973000 | PA      | $937619.64    | 0.19%             | 2047-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ELP COMMERCIAL MORTGAGE TRUST 2021-ELP                                            | ELP COMMERCIAL MORTGAGE TRUST 2021-ELP TSFR1M+278.148 7 11/15/2038 144A                              | CUSIP: 26863LAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    478443 | PA      | $477845.05    | 0.10%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP 7/VAR PFD PERP                                                                  | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     14200 | NS      | $361958.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIATES TRUST                                                 | NATIONAL STORAGE AFFILIATES SER A 6% PFD PERP                                                        | CUSIP: 637870205<br>LEI: 529900FS06O8GOYNR108 | Long             | EP               | CORP              | US        |       200 | NS      | $4480.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                                            | BP PLC                                                                                               | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    251300 | NS      | $1252051.32   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+424.7 11/15/2036 144A                                                        | CUSIP: 78486EAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     42000 | PA      | $41486.92     | 0.01%             | 2036-11-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BEIJING CAPITAL INTERNATIONAL AIRPORT COMPANY LIMITED                             | BEIJING CAP INTL AIRPORT LTD H                                                                       | CUSIP: N/A<br>LEI: 5299001QWQN7CK66FE04       | Long             | EC               | CORP              | CN        |    150201 | NS      | $56636.66     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NXPT COML MTG TR                                                                  | NXPT COML MTG TR 6.92673% 11/05/2041 144A                                                            | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224000 | PA      | $225834.78    | 0.05%             | 2041-11-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 4.15% 04/15/2032                                           | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $946602.26    | 0.19%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-VINO                                            | BX COMMERCIAL MORTGAGE TRUST 2021-VINO F TSFR1M+291.681 82 05/15/2038 144A                           | CUSIP: 05608KAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    233100 | PA      | $233027.16    | 0.05%             | 2038-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CONE TR 2024-DFW1                                                                 | CONE TR 2024-DFW1 E TSFR1M+388.79 08/15/2026 144A                                                    | CUSIP: 20682AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $198479.56    | 0.04%             | 2041-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER E 6.375% PERP PFD                                                           | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |      8700 | NS      | $153120.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                                            | MORGAN STANLEY CAPITAL I TRUST 2017-H1 4.281% 06/15/2050                                             | CUSIP: 61691JBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231000 | PA      | $213958.88    | 0.04%             | 2050-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | CD 2017-CD4 D 3.3% 05/10/2050 144A                                                                   | CUSIP: 12515DAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56000 | PA      | $46602.26     | 0.01%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                                | UNION PACIFIC CORP                                                                                   | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       439 | NS      | $101005.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ENGIE SA                                                                          | ENGIE SA                                                                                             | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |      3081 | NS      | $72412.14     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Central Investment Portfolios LLC                                        | Fidelity Floating Rate Central Fund                                                                  | CUSIP: 31606V708<br>LEI: S2V1M15I679NQK6BNY65 | Long             | EC               | RF                | US        |   1281158 | NS      | $123503642.00 | 25.06%            |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.125% 01/15/2031                                                                           | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2810000 | PA      | $3209259.16   | 0.65%             | 2031-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                        | BMO 2022-C1 MORTGAGE TRUST 2022-C1 360E CSTR 02/15/2042 144A                                         | CUSIP: 05609MDE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105000 | PA      | $79245.71     | 0.02%             | 2055-02-17      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT                                     | CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT C 6.43808% 06/10/2028 144A                             | CUSIP: 17291NAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $253107.38    | 0.05%             | 2040-10-12      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                  | HILTON DOMESTIC OPERATING CO INC 4% 05/01/2031 144A                                                  | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    350000 | PA      | $329078.55    | 0.07%             | 2031-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-1 TR                                                      | HOME PARTNERS AMER 2021-1 TR 3.325% 09/17/2041 144A                                                  | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     83133 | PA      | $70400.15     | 0.01%             | 2041-09-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC SER A 7.25% PFD PERP                                                            | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |      9300 | NS      | $203949.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A                                                                 | CUSIP: 92939VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $130550.00    | 0.03%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES INC                                                       | SUMMIT HOTEL PPTYS INC SERIES E 6.25% PFD PERP                                                       | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |      6800 | NS      | $120496.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BUNGE GLOBAL SA                                                                   | BUNGE GLOBAL SA                                                                                      | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | CH        |     26970 | NS      | $2165151.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                                          | DIGITAL RLTY TR INC SER L 5.2% PERP PFD                                                              | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |     12700 | NS      | $253619.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BAMLL COML MTG SECS TR 2021-JACX                                                  | BAMLL COML MTG SECS TR 2021-JACX E TSFR1M+386.448 09/15/2038 144A                                    | CUSIP: 05493LAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106000 | PA      | $92953.66     | 0.02%             | 2038-09-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 4% 01/15/2031                                                           | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $471276.35    | 0.10%             | 2031-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 2% 08/15/2031                                              | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    750000 | PA      | $638587.34    | 0.13%             | 2031-08-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ASTERA LABS INC                                                                   | ASTERA LABS INC                                                                                      | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       841 | NS      | $76043.22     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVS INC NEW                                                       | SUNSTONE HOTEL INVS INC SER I 5.7% PERP PFD                                                          | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |      9600 | NS      | $177216.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC                                                            | ARBOR REALTY TRUST INC SER F 6.25%/VAR PFD PERP                                                      | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     13000 | NS      | $264420.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 3.875% 4/15/29                                                                              | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    520000 | PA      | $1107944.32   | 0.22%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP / VICI NOTE CO INC                                             | VICI PROPERTIES LP / VICI NOTE CO INC 4.625% 12/01/2029 144A                                         | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $491218.95    | 0.10%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS CORP(REIT)                                                        | REGENCY CENTERS CORP(REIT) 5.875% PERP PFD                                                           | CUSIP: 758849871<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |      2000 | NS      | $44880.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP(REIT)                                                        | REGENCY CENTERS CORP REIT SER A 6.25% PFD PERP                                                       | CUSIP: 758849889<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |      4500 | NS      | $106695.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                         | OCCIDENTAL PETROLEUM CORP                                                                            | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     16400 | NS      | $688964.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                                                    | NRG ENERGY INC                                                                                       | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       229 | NS      | $36772.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 G CSTR 07/49                                                                             | CUSIP: 61760RAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    112000 | PA      | $102745.41    | 0.02%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LP                                                              | SABRA HEALTH CARE LP 3.2% 12/01/2031                                                                 | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    250000 | PA      | $222780.73    | 0.05%             | 2031-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.125% 07/15/2031                                                                           | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3376000 | PA      | $3719523.98   | 0.75%             | 2031-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR CSTR 05/10/2050                                               | CUSIP: 12515DAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    232000 | PA      | $213957.94    | 0.04%             | 2050-05-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A                                                    | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $78491.70     | 0.02%             | 2032-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CEDAR REALTY TRUST INC                                                            | CEDAR RLTY TR I 7.25% PFD PERP                                                                       | CUSIP: 150602407<br>LEI: 54930056URX93R2RSN82 | Long             | EP               | CORP              | US        |       415 | NS      | $6548.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORP                                                                        | NUCOR CORP                                                                                           | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      7600 | NS      | $984504.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2021-L5                                            | MORGAN STANLEY CAPITAL I TRUST 2021-L5 C 3.156% 05/15/2054                                           | CUSIP: 61691YBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    513000 | PA      | $444196.85    | 0.09%             | 2054-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROPORTUARIO DEL SUREST E SAB DE CV                                        | GRUPO AEROPORT SPON ADR B SHS                                                                        | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |       302 | NS      | $96298.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OPEN TR 2023-AIR                                                                  | OPEN TR 2023-AIR TSFR1M+668.387 10/15/2028 144A                                                      | CUSIP: 68373BAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200125.00    | 0.04%             | 2040-11-15      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| CORTEVA INC                                                                       | CORTEVA INC                                                                                          | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     83620 | NS      | $6232198.60   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BX TR 2022-VAMF                                                                   | BX TR 2022-VAMF TSFR1M+329.9 01/15/2039 144A                                                         | CUSIP: 05609TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157000 | PA      | $155598.88    | 0.03%             | 2039-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC 7.5% PFD PERP                                                                   | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     16700 | NS      | $385352.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.25% 07/15/2029                                                                            | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3273000 | PA      | $3942432.64   | 0.80%             | 2029-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                                                         | HESS CORP                                                                                            | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      5900 | NS      | $817386.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN PACIFIC KANSAS CITY LTD                                                  | CANADIAN PACIFIC KANSAS CITY LTD                                                                     | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |       621 | NS      | $49226.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                                | PENNYMAC MTG INVT TR 8.125/VAR PREF PERP                                                             | CUSIP: 70931T301<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |      2000 | NS      | $47040.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PG and E CORP                                                                     | PG and E CORP                                                                                        | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      7684 | NS      | $107114.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GS MTG SECS TR 2011-GC5 4.5% 08/10/2044 144A                                                         | CUSIP: 36191YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     42000 | PA      | $126.00       | 0.00%             | 2044-08-10      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| TRI POINTE HOMES INC                                                              | TRI POINTE HOMES INC 5.25% 06/01/2027                                                                | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100435.00    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER F 6.125%/VAR PFD PERP                                                       | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |      7000 | NS      | $175910.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX G 4.0% 6/45 144A                                                                      | CUSIP: 46637WAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    151000 | PA      | $85155.44     | 0.02%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.125% 01/15/2032                                                                           | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3630000 | PA      | $3808726.85   | 0.77%             | 2032-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 6.1% 04/01/2034                                                             | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    500000 | PA      | $520435.68    | 0.11%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY CORP                                                                 | KIMCO REALTY CORP SER M 5.25% PFD PERP                                                               | CUSIP: 49446R711<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |     16500 | NS      | $332475.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDL RLTY INC                                                             | REXFORD INDL RLTY INC SER B 5.875% PERP PFD                                                          | CUSIP: 76169C308<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |      1200 | NS      | $26874.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 4% 07/15/2029                                                                     | CUSIP: 756109CB8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246814.62    | 0.05%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-VINO                                            | BX COMMERCIAL MORTGAGE TRUST 2021 VINO G TSFR1M+406.681 82 05/15/2038 144A                           | CUSIP: 05608KAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140700 | PA      | $139683.81    | 0.03%             | 2038-05-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 2.125% 01/15/2035                                                                           | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4690000 | PA      | $4847605.01   | 0.98%             | 2035-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC 6.5%/VAR PFD PERP                                                      | CUSIP: 035710862<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     23000 | NS      | $569480.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORP                                                                       | AMEREN CORP                                                                                          | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |       494 | NS      | $47443.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TR SER H 5.7% PERP PFD                                                             | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     10600 | NS      | $170448.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.3% 01/15/2029                                                         | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011088.00   | 0.21%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                                | REALTY INCOME CORP 5.125% 02/15/2034                                                                 | CUSIP: 756109CG7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252795.46    | 0.05%             | 2034-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2021-BNK38                                                                   | BANK 2021-BNK38 3.21677%/VAR 12/15/2064                                                              | CUSIP: 06540EBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    554000 | PA      | $457208.06    | 0.09%             | 2064-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C5 MTG TR                                                                | BMO 2023-C5 B MTG TR CSTR 06/15/2056                                                                 | CUSIP: 055988AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $267048.88    | 0.05%             | 2056-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CREST CLARENDON STR 02 1 LTD                                                      | CREST CLARENDON STR 02 1 LTD 3ML+47 12/28/2035 144A                                                  | CUSIP: 226063204<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $0.05         | 0.00%             | 2035-12-28      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| BWX TECHNOLOGIES INC                                                              | BWX TECHNOLOGIES INC                                                                                 | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       267 | NS      | $38464.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 1% 2/15/46                                                                                  | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    313000 | PA      | $321349.43    | 0.07%             | 2046-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 F TSFR1M+393.788 07/15/2029 144A                                                        | CUSIP: 05612TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $498251.65    | 0.10%             | 2029-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-SPOT                                            | BX TRUST 2025-SPOT E TSFR1M+344.054 04/15/2040 144A                                                  | CUSIP: 12433FAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $247997.98    | 0.05%             | 2040-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SHR TR 2024-LXRY                                                                  | SHR TR 2024-LXRY D TSFR1M+350 10/15/2041 144A                                                        | CUSIP: 784234AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    112000 | PA      | $111930.00    | 0.02%             | 2041-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.375% 07/15/2027                                                                           | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1899000 | PA      | $2456757.47   | 0.50%             | 2027-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE 4% PERP PFD                                                                           | CUSIP: 74460W461<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      1200 | NS      | $18912.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                          | MHC COML MTG TR 2021-MHC TSFR1M+271.544 096 04/15/2038 144A                                          | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80000 | PA      | $80000.00     | 0.02%             | 2038-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TR 2019-OC11                                                                   | BX TR 2019-OC11 4.075457% 12/09/2041 144A                                                            | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    284000 | PA      | $260310.45    | 0.05%             | 2041-12-09      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 2.125% 2/15/40                                                                              | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    794000 | PA      | $1164041.84   | 0.24%             | 2040-02-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 1.25% 04/15/2028                                                                            | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2120000 | PA      | $2263283.46   | 0.46%             | 2028-04-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2019-C52                                                  | WELLS FARGO COML MTG TR 2019-C52 3.561% 08/15/2052                                                   | CUSIP: 95002MBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $84236.97     | 0.02%             | 2052-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                            | EXTRA SPACE STORAGE LP 2.35% 03/15/2032                                                              | CUSIP: 30225VAG2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $424227.32    | 0.09%             | 2032-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| SHELL PLC                                                                         | SHELL PLC                                                                                            | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    107736 | NS      | $3758860.91   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                                      | NISOURCE INC                                                                                         | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |       905 | NS      | $36507.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDI PLC                                                                         | MONDI PLC                                                                                            | CUSIP: N/A<br>LEI: 213800LOZA69QFDC9N34       | Long             | EC               | CORP              | GB        |     66412 | NS      | $1084353.34   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC 6.95%/VAR PERP PFD                                                     | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |      8800 | NS      | $221672.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2024-OMNI                                       | J P MORGAN CHASE COML MTG SECS TR 2024-OMNI VAR 10/05/2039 144A                                      | CUSIP: 46593JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $97619.61     | 0.02%             | 2039-10-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 0.75% 2/15/42                                                                               | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    177000 | PA      | $195280.22    | 0.04%             | 2042-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                                          | DIGITAL RLTY TR INC 5.25% PFD PERP                                                                   | CUSIP: 253868855<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |      5800 | NS      | $121916.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS RESIDENTIAL 2022-SFR5                                                    | PROGRESS RESIDENTIAL 2022-SFR5 6.863% 06/17/2039 144A                                                | CUSIP: 74332YAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    336000 | PA      | $336682.25    | 0.07%             | 2039-06-17      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-PALM                                                                | SREIT TR 2021-PALM TSFR1M+373.058 61 10/15/2034 144A                                                 | CUSIP: 85237AAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164000 | PA      | $163708.69    | 0.03%             | 2034-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| Fidelity Oxford Street Trust II                                                   | Fidelity Commodity Strategy Central Fund                                                             | CUSIP: 316167303<br>LEI: 549300OEP6Z1TBUGHH59 | Long             | EC               | RF                | US        |    770201 | NS      | $71644073.46  | 14.54%            |  |  |  | No            |                  1 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG TSFR1M+294.03 11/15/2034 144A                               | CUSIP: 81631WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100775.50    | 0.02%             | 2034-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CSAIL 2019-C16 COML MTG TR                                                        | CSAIL 2019-C16 COML MTG TR C CSTR 06/15/2052                                                         | CUSIP: 12596WAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $709062.75    | 0.14%             | 2052-06-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| REXFORD INDL RLTY INC                                                             | REXFORD INDL RLTY INC SER C 5.625% PERP PFD                                                          | CUSIP: 76169C407<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |      4400 | NS      | $93148.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME PARTNERS AMER 2021-2 TR                                                      | HOME PARTNERS AMER 2021-2 TR 4.505% 12/17/2026 144A                                                  | CUSIP: 43732VAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    181424 | PA      | $175464.04    | 0.04%             | 2026-12-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TECK RESOURCES LTD                                                                | TECK RESOURCES LTD SUB VTG CLB                                                                       | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     36830 | NS      | $1489427.65   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLNEX TELECOM SAU                                                               | CELLNEX TELECOM SAU                                                                                  | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |      2309 | NS      | $89908.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 2.5% 1/15/29                                                                                | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    619000 | PA      | $962433.49    | 0.20%             | 2029-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY TRUST                                                              | VORNADO RLTY SR L 5.4% PFD PRP                                                                       | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1000 | NS      | $17080.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FERROVIAL SE                                                                      | FERROVIAL SE                                                                                         | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |      1722 | NS      | $91806.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 1.875% 07/15/2034                                                                           | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4690000 | PA      | $4800764.39   | 0.97%             | 2034-07-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+294.018 11/15/2026 144A                                                     | CUSIP: 05593TAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56137 | PA      | $56224.26     | 0.01%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| IVANHOE MINE LTD                                                                  | IVANHOE MINES LTD                                                                                    | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     52800 | NS      | $396654.31    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.125% 01/15/2030                                                                           | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3363000 | PA      | $3957992.73   | 0.80%             | 2030-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VALTERRA PLATINUM LIMITED                                                         | VALTERRA PLATINUM LIMITED                                                                            | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |      4257 | NS      | $186987.87    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP GROUP LTD                                                                     | BHP GROUP LIMITED                                                                                    | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     58351 | NS      | $1403784.87   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN CMNTYS OPER LTD PRTNRSHP                                                      | SUN CMNTYS OPER LTD PRTNRSHP 4.2% 04/15/2032                                                         | CUSIP: 866677AH0<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |      4000 | PA      | $3784.99      | 0.00%             | 2032-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                      | BROADCOM INC                                                                                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       791 | NS      | $218039.15    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILT 2016-HHV F CSTR 11/38 144A                                                                      | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163000 | PA      | $156938.85    | 0.03%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 1.625% 10/15/2029                                                                           | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2092000 | PA      | $2159448.89   | 0.44%             | 2029-10-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2019-C52                                                  | WELLS FARGO COML MTG TR 2019-C52 3.375% 08/15/2052                                                   | CUSIP: 95002MBB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    785000 | PA      | $710761.84    | 0.14%             | 2052-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.375% 01/15/2027                                                                           | CUSIP: 912828V49<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2243000 | PA      | $2938033.41   | 0.60%             | 2027-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| YARA INTERNATIONAL ASA                                                            | YARA INTERNATIONAL ASA                                                                               | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     27200 | NS      | $1003869.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMCC 2021-MHC                                                                    | JPMCC 2021-MHC F TSFR1M+306.448 04/15/2038 144A                                                      | CUSIP: 466330AQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $210131.25    | 0.04%             | 2038-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC                        | UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 6.5% 02/15/2029 144A                      | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $188473.14    | 0.04%             | 2029-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C16                                                             | BBCMS MTG TR 2022-C16 CSTR 06/15/2055                                                                | CUSIP: 05552YAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $638457.08    | 0.13%             | 2055-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TIMES SQUARE HOTEL TR                                                             | TIMES SQUARE HOTEL TR 8.528% 08/01/2026 144A                                                         | CUSIP: 887367AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81845 | PA      | $82062.46     | 0.02%             | 2026-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 0.125% 02/15/2052                                                                           | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2110000 | PA      | $1299503.22   | 0.26%             | 2052-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS INC                                                    | OMEGA HEALTHCARE INVESTORS INC 3.375% 02/01/2031                                                     | CUSIP: 681936BM1<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $457536.76    | 0.09%             | 2031-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                                                                  | WILLIAMS COMPANIES INC                                                                               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      2467 | NS      | $154952.27    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS INC                                                        | CF INDUSTRIES HOLDINGS INC                                                                           | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      9100 | NS      | $837200.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OCI NV                                                                            | OCI NV                                                                                               | CUSIP: N/A<br>LEI: 549300NCMRGIBJYUOE57       | Long             | EC               | CORP              | NL        |     38980 | NS      | $352179.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2020-VIVA                                            | BX COMMERCIAL MORTGAGE TRUST 2020-VIVA E 3.54875% 03/09/2044 144A                                    | CUSIP: 12433XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    789000 | PA      | $705128.35    | 0.14%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK44                                                                   | BANK 2022-BNK44 5.746245% 11/15/2055                                                                 | CUSIP: 06540KAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $104948.03    | 0.02%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                                                    | EPR PPTYS 4.95% 04/15/2028                                                                           | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249514.07    | 0.05%             | 2028-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 1.625% 10/15/2027                                                                           | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2150000 | PA      | $2357437.45   | 0.48%             | 2027-10-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE COM MTG TR 2021                                                     | CREDIT SUISSE COM MTG TR 2021-SOP2 F STEP 06/15/2034 144A                                            | CUSIP: 12657VAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80000 | PA      | $35680.75     | 0.01%             | 2034-06-15      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| MHP 2022-MHIL F                                                                   | MHP 2022-MHIL F TSFR1M+325.92 01/15/2027 144A                                                        | CUSIP: 55293DAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80000 | PA      | $79825.00     | 0.02%             | 2039-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 5.625% 09/15/2034                                                       | CUSIP: 361841AT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99642.19     | 0.02%             | 2034-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                              | GLOBAL NET LEASE INC 7.375% PFD PERP E                                                               | CUSIP: 379378607<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     10000 | NS      | $222820.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BPR COML MTG TR 2024-PK                                                           | BPR COML MTG TR 2024-PARK C VAR 11/05/2039 144A                                                      | CUSIP: 05593UAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $101428.86    | 0.02%             | 2039-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BRAEMAR HOTELS and RESORTS INC                                                    | BRAEMAR HOTELS and RESORTS INC 5.5% PERP PFD                                                         | CUSIP: 10482B200<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |      2700 | NS      | $35586.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                            | CENTERPOINT ENERGY INC                                                                               | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      3853 | NS      | $141559.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTIAL REIT INC                                                       | ARMOUR RESDNTL REIT INC SER C 7% PERP PFD                                                            | CUSIP: 042315606<br>LEI: 549300K0WA0EJUX74V72 | Long             | EP               | CORP              | US        |      1000 | NS      | $20660.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP                                                           | CHIMERA INVESTMENT CORP SER C 7.75/VAR PERP PFD                                                      | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |      7100 | NS      | $162306.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL SPA                                                                          | ENEL (ENTE NAZ ENERG ELET) SPA                                                                       | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |      7607 | NS      | $72195.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK 2020-BNK30                                                                   | BANK 2020-BN30 MCDG CSTR 12/53                                                                       | CUSIP: 06541UBJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264000 | PA      | $127036.77    | 0.03%             | 2053-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 3.625 4/15/28                                                                               | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    890000 | PA      | $1877206.26   | 0.38%             | 2028-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 6.25% 09/15/2054                                                        | CUSIP: 361841AU3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $97615.10     | 0.02%             | 2054-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ELP COMMERCIAL MORTGAGE TRUST 2021-ELP                                            | ELP COMMERCIAL MORTGAGE TRUST 2021-ELP TSFR1M+372.938 49 11/15/2036 144A                             | CUSIP: 26863LAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    209756 | PA      | $208536.01    | 0.04%             | 2038-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                            | DIAMONDBACK ENERGY INC                                                                               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      7300 | NS      | $1003020.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGOMA STEEL GROUP INC                                                            | ALGOMA STEEL GROUP INC                                                                               | CUSIP: 015658107<br>LEI: 549300Q5EU337A1XCX27 | Long             | EC               | CORP              | CA        |    128500 | NS      | $885365.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP                                                              | AGNC INVESTMENT CORP SER E 6.5%/VAR PFD PERP                                                         | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     17400 | NS      | $443874.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                                                           | PEBBLEBROOK HOTEL TRUST 6.375% PERP PFD                                                              | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     17200 | NS      | $299624.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                                                     | ANNALY CAPITAL MANAGEMENT INC SER I 6.75/VAR PFD PERP                                                | CUSIP: 035710847<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |      8600 | NS      | $216806.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                                                      | Fidelity Cash Central Fund                                                                           | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   6607488 | NS      | $6608809.21   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 1.375% 07/15/2033                                                                           | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4160000 | PA      | $4268794.18   | 0.87%             | 2033-07-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.125% 07/15/2026                                                                           | CUSIP: 912828S50<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2087000 | PA      | $2768872.27   | 0.56%             | 2026-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE 5.1% 08/01/2033                                                                       | CUSIP: 74460WAG2<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513022.46    | 0.10%             | 2033-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SWCH COML MTG TR 2025-DATA                                                        | SWCH COML MTG TR 2025-DATA F TSFR1M+418.9 03/15/2042 144A                                            | CUSIP: 78489CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $98889.92     | 0.02%             | 2042-02-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| GLP CAP LP / GLP FING II INC                                                      | GLP CAP LP / GLP FING II INC 3.25% 01/15/2032                                                        | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $220028.63    | 0.04%             | 2032-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC                                                                   | ANTOFAGASTA PLC                                                                                      | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |     22000 | NS      | $546438.24    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                                                                    | EPR PPTYS 3.6% 11/15/2031                                                                            | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    250000 | PA      | $227088.79    | 0.05%             | 2031-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 0.75% 02/15/2045                                                                            | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1390000 | PA      | $1383564.37   | 0.28%             | 2045-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD                                                   | TAIWAN SEMIC MFG CO LTD SP ADR                                                                       | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       690 | NS      | $156278.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES INC                                                       | SUMMIT HOTEL PPTYS INC SER F 5.875% PERP PFD                                                         | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |      4000 | NS      | $70600.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SG COML MTG SECS TR 2020-COVE                                                     | SG COMMERCIAL MORTGAGE SECURITIES TRUST 2020-COVE F CSTR 03/15/2037 144A                             | CUSIP: 78397FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $117119.27    | 0.02%             | 2037-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHIMERA INVESTMENT CORP                                                           | CHIMERA INVESTMENT CORP SER B 8%/VAR PREF PERP                                                       | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     10787 | NS      | $262555.58    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIGATOR HOLDINGS LTD                                                            | NAVIGATOR HOLDINGS LTD                                                                               | CUSIP: N/A<br>LEI: 213800H7RVOFYARK2W19       | Long             | EC               | CORP              | MH        |     30700 | NS      | $434405.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BBCMS MTG TR 2020-C7                                                              | BBCMS MTG TR 2020-C7 CSTR 04/15/2053                                                                 | CUSIP: 05492VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $426788.70    | 0.09%             | 2053-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CTO REALTY GROWTH INC                                                             | CTO REALTY GROWTH INC 6.375% PFD PERP                                                                | CUSIP: 22948Q200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1000 | NS      | $20620.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 1% 02/15/2048                                                                               | CUSIP: 912810SB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    999000 | PA      | $956621.23    | 0.19%             | 2048-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORP                                                                  | EXXON MOBIL CORP                                                                                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     56030 | NS      | $6040034.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 2.375% 02/15/2055                                                                           | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    746000 | PA      | $733797.50    | 0.15%             | 2055-02-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| IMPERIAL OIL LTD                                                                  | IMPERIAL OIL LTD                                                                                     | CUSIP: 453038408<br>LEI: 549300MO45LTBPAU4Z27 | Long             | EC               | CORP              | CA        |     11500 | NS      | $913581.79    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTION INC                                                              | WASTE CONNECTIONS INC                                                                                | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |       301 | NS      | $56202.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTRIEN LTD                                                                       | NUTRIEN LTD                                                                                          | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     67310 | NS      | $3922194.60   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                             | AMERICAN HOMES 4 RENT 5.875% SER G PFD PERP                                                          | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |      5200 | NS      | $118300.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SREIT TR 2021-MFP2                                                                | SREIT TR 2021-MFP2 TSFR1M+402.998 55 11/15/2036 144A                                                 | CUSIP: 85236WCU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128000 | PA      | $126832.72    | 0.03%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 1.125% 01/15/2033                                                                           | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3840000 | PA      | $3953152.04   | 0.80%             | 2033-01-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CORP                                                                    | SOUTH BOW CORP                                                                                       | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |       798 | NS      | $20715.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP                                                         | CONSTELLATION ENERGY CORP                                                                            | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1035 | NS      | $334056.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BX 2021-VOLT                                                                      | BX 2021-VOLT G TSFR1M+296.448 09/15/2023 144A                                                        | CUSIP: 05609VAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101727 | PA      | $100201.05    | 0.02%             | 2036-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COMML MTG 2021-MF E TSFR1M+271.448 07/15/2038 144A                                              | CUSIP: 69356GAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $58603.39     | 0.01%             | 2038-07-15      | Variable      | 0.07%                 | No            |                  3 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+406.448 08/15/2026 144A                                                      | CUSIP: 482606AS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     99185 | PA      | $97818.39     | 0.02%             | 2038-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP                                                                                   | CUSIP: 64828T300<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |      9958 | NS      | $252539.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK 2020-B18 MORTGAGE TRUST                                                 | BENCHMARK 2020-B18 MORTGAGE TRUST 4.534% 07/15/2053 144A                                             | CUSIP: 08163ABT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63000 | PA      | $62111.74     | 0.01%             | 2053-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CORE NATURAL RESOURCES INC                                                        | CORE NATURAL RESOURCES INC                                                                           | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |      7356 | NS      | $513007.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TR                                                                    | RLJ LODGING TR SER A PC 1.95% PERP                                                                   | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       400 | NS      | $9456.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORP NEW                                                                  | CHEVRON CORP                                                                                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21500 | NS      | $3078585.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.5% 01/15/2028                                                                             | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4507000 | PA      | $5752788.67   | 1.17%             | 2028-01-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| DIGITALBRIDGE ISSUER LLC / DIGITALBRIDGE CO-ISSUER LLC                            | DIGITALBRIDGE ISSUER LLC / DIGITALBRIDGE CO-ISSUER LLC 3.933% 09/25/2051 144A                        | CUSIP: 25402JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     85000 | PA      | $82773.00     | 0.02%             | 2051-09-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.125% 04/15/2027                                                                           | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4090000 | PA      | $4549795.29   | 0.92%             | 2027-04-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2022-SFR5                                                    | PROGRESS RESIDENTIAL 2022-SFR2 TR 6.618% 06/17/2039 144A                                             | CUSIP: 74332YAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    201000 | PA      | $201426.54    | 0.04%             | 2039-06-17      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS LTD                                                      | IMPALA PLATINUM HOLDINGS LTD                                                                         | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778       | Long             | EC               | CORP              | ZA        |     64600 | NS      | $580447.34    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK 2021-BN35                                                                    | BANK 2021-BN35 2.285% 06/15/2064                                                                     | CUSIP: 06540CBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134000 | PA      | $116133.95    | 0.02%             | 2064-06-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BX 2021-MFM1                                                                      | BX 2021-MFM1 TSFR1M+311.448 01/15/2034 144A                                                          | CUSIP: 05608VAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    235200 | PA      | $234909.48    | 0.05%             | 2034-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC                                                            | ARBOR REALTY TRUST INC SER D 6.375% PERP PFD                                                         | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |      1500 | NS      | $25710.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2022-BNK42 C CSTR 06/15/2055                                                                    | CUSIP: 06541MCF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $460160.35    | 0.09%             | 2055-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNYMAC MORTGAGE INVESTMENT TRUST                                                | PENNYMAC MTG INVT TR 8%/VAR SER B PREF PERP                                                          | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |      4200 | NS      | $97230.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 1.625% 04/15/2030                                                                           | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2400000 | PA      | $2436494.32   | 0.49%             | 2030-04-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| COMM 2013-LC6 MTG TR                                                              | COMM 2013-LC6 E MTG TR 3.5% 01/10/2046 144A                                                          | CUSIP: 20048EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $138003.00    | 0.03%             | 2046-01-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                                                        | EVERGY INC                                                                                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      1004 | NS      | $69205.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP 4.05% 03/15/2032                                                                 | CUSIP: 03027XBW9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    750000 | PA      | $717251.81    | 0.15%             | 2032-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER B 7.125%/VAR PFD PERP                                                         | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |      6200 | NS      | $156302.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                                                                       | CAMECO CORP                                                                                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      2557 | NS      | $189806.11    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLINGTON FINANCIAL INC                                                           | ELLINGTON FINANCIAL INC 6.75/VAR PFD PERP                                                            | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |      2000 | NS      | $49340.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                                                             | ANGLOGOLD ASHANTI PLC                                                                                | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     18000 | NS      | $814302.05    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN CMNTYS OPER LTD PRTNRSHP                                                      | SUN CMNTYS OPER LTD PRTNRSHP 2.7% 07/15/2031                                                         | CUSIP: 866677AE7<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $886227.92    | 0.18%             | 2031-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 D 2.5% 09/15/2055 144A                                                         | CUSIP: 054976AR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163000 | PA      | $119511.39    | 0.02%             | 2055-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                       | VENTAS RLTY LTD PARTNERSHIP 4.75% 11/15/2030                                                         | CUSIP: 92277GAV9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250962.42    | 0.05%             | 2030-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2024-RVR                                                      | GS MTG SECS CORP TR 2024-RVR A VAR 08/10/2029 144A                                                   | CUSIP: 36272JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $202189.92    | 0.04%             | 2041-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.25% 01/15/2031                                                                    | CUSIP: 22822VAT8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1087456.94   | 0.22%             | 2031-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV                                        | GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV ADR                                                       | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |       768 | NS      | $176348.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 E CSTR 8/44                                                                            | CUSIP: 36191YAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63000 | PA      | $18962.65     | 0.00%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILTON USA TR 2016-HHV VAR 11/05/2038 144A                                                           | CUSIP: 43300LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $875926.53    | 0.18%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 2.375% 1/15/27                                                                              | CUSIP: 912810PS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1451000 | PA      | $2346834.99   | 0.48%             | 2027-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                                                                   | WEYERHAEUSER CO 4% 04/15/2030                                                                        | CUSIP: 962166BY9<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243838.77    | 0.05%             | 2030-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE PLACE GROUP LTD PARTNERSHIP                                            | PPGLP 2000-C1 A2 7.75% 7/28                                                                          | CUSIP: 743784AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    121123 | PA      | $123373.39    | 0.03%             | 2028-07-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                                                    | CANADIAN NATL RESOURCES LTD                                                                          | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     46530 | NS      | $1462444.65   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 E TSFR1M+288.94 07/15/2029 144A                                                         | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $198875.00    | 0.04%             | 2029-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC 7.15% SER I PERP PFD                                                         | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     11100 | NS      | $227661.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NORSK HYDRO ASA                                                                   | NORSK HYDRO AS ORD                                                                                   | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    151600 | NS      | $868122.28    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| TARGA RES CORP                                                                    | TARGA RESOURCES CORP                                                                                 | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |       488 | NS      | $84951.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                                                                       | NVIDIA CORP                                                                                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      3358 | NS      | $530530.42    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 B CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $101825.96    | 0.02%             | 2046-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                                             | NORFOLK SOUTHERN CORP                                                                                | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       336 | NS      | $86005.92     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                           | SBA COMMUNICATIONS CORP 3.125% 02/01/2029                                                            | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $472238.90    | 0.10%             | 2029-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WFCM 2022                                                                         | WFCM 2022 2.5% 04/15/2055 144A                                                                       | CUSIP: 95003MBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    294000 | PA      | $200014.17    | 0.04%             | 2055-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 2.125% 04/15/2029                                                                           | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4175000 | PA      | $4447116.25   | 0.90%             | 2029-04-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 3.8% 02/15/2028                                                                     | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98197.35     | 0.02%             | 2028-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 0.125% 02/15/2051                                                                           | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1244000 | PA      | $835707.63    | 0.17%             | 2051-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MMG LTD                                                                           | MMG LTD                                                                                              | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | HK        |   1000000 | NS      | $487901.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 XB CSTR 6/44 144A                                                                        | CUSIP: 617459AF9<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   5045312 | PA      | $18262.01     | 0.00%             | 2044-06-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                  | CROWN CASTLE INC 2.5% 07/15/2031                                                                     | CUSIP: 22822VAY7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    500000 | PA      | $436288.00    | 0.09%             | 2031-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC 7.125% SER J PFD PERP                                                        | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     10900 | NS      | $227483.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 0.125% 10/15/2026                                                                           | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1925000 | PA      | $2233922.37   | 0.45%             | 2026-10-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 4.625% 08/01/2029                                                       | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    915000 | PA      | $720924.02    | 0.15%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARCHER DANIELS MIDLAND CO                                                         | ARCHER DANIELS MIDLAND CO                                                                            | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     70620 | NS      | $3727323.60   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AENA SME SA                                                                       | AENA SME SA                                                                                          | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |     14990 | NS      | $400118.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SMURFIT WESTROCK PLC                                                              | SMURFIT WESTROCK PLC                                                                                 | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |      7870 | NS      | $339422.58    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL and ASSOCS LTD PARTNERSHIP                                                    | CBL and ASSOCS LP 5.95% 12/15/2026                                                                   | CUSIP: 12505JAD5<br>LEI: 549300VS75TWHD9JTH89 | Long             | DBT              | CORP              | US        |    132000 | PA      | $0.01         | 0.00%             | 2026-12-15      | Fixed         | 0.06%                 | No            |                  3 | On Loan: No      |
| NATIONAL HEALTHCARE PROPERTIES INC                                                | HEALTHCARE TRUST INC SER A 7.375% PFD PERP                                                           | CUSIP: 42226B204<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |      4200 | NS      | $62958.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP                                                                | RITHM CAPITAL CORP SER D 7%/VAR PFD PERP                                                             | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |      2700 | NS      | $64638.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR INC                                                                   | FIRST SOLAR INC                                                                                      | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       203 | NS      | $33604.62     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST FRASER TIMBER CO                                                             | WEST FRASER TIMBER LTD                                                                               | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     14760 | NS      | $1082381.94   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI HOMES INC                                                                     | LGI HOMES INC 4% 07/15/2029 144A                                                                     | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    170000 | PA      | $152113.34    | 0.03%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC                        | UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 10.5% 02/15/2028 144A                     | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $196107.86    | 0.04%             | 2028-02-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CAMECO CORP                                                                       | CAMECO CORP                                                                                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     10800 | NS      | $802059.12    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                       | UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A                                                           | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $98364.05     | 0.02%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                                       | EXELON CORP                                                                                          | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      4147 | NS      | $180062.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                                                    | PUBLIC STORAGE SER G 5.05% PFD PERP                                                                  | CUSIP: 74460W669<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      6000 | NS      | $120000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE ELECTRIC INC                                                              | IVANHOE ELECTRIC INC                                                                                 | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $408150.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BBCMS 2022                                                                        | BBCMS 2022 3.662% 04/15/2055                                                                         | CUSIP: 05552FBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    178000 | PA      | $163346.26    | 0.03%             | 2055-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VALE SA                                                                           | VALE S.A.                                                                                            | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    185200 | NS      | $1794699.16   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                                                                | FRANCO-NEVADA CORP                                                                                   | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |      9810 | NS      | $1610590.56   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                                               | AMERICAN TOWER CORP                                                                                  | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |       311 | NS      | $68737.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HYATT HOTELS CORP                                                                 | HYATT HOTELS CORP 5.5% 06/30/2034                                                                    | CUSIP: 448579AS1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99938.35     | 0.02%             | 2034-06-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| JPMBB COML MTG SECS TR 2014-C23                                                   | JPMBB 2014-C23 UH5 4.7094% 09/15/2047 144A                                                           | CUSIP: 46643AAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     54000 | PA      | $53002.63     | 0.01%             | 2047-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MSWF COML MTG TR 2023-1                                                           | MSWF COML MTG TR 2023-1 6.90553% 05/15/2056                                                          | CUSIP: 55376CAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $266711.13    | 0.05%             | 2056-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MHP 2021-STOR J TSFR1M+406.448 07/15/2038 144A                                                       | CUSIP: 55293BAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99731.43     | 0.02%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR B 1ML+0 07/05/2041 144A                                                             | CUSIP: 29439DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $203298.02    | 0.04%             | 2041-07-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR TR 2024-PMDW                                                                  | BPR TR 2024-PMDW D VAR 11/05/2029 144A                                                               | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56000 | PA      | $54444.77     | 0.01%             | 2041-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-NSTB                                                 | MORGAN STANLEY CAP I TR 2024-NSTB VAR 09/20/2032 144A                                                | CUSIP: 61690BAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    162000 | PA      | $152335.47    | 0.03%             | 2057-09-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                                       | OVINTIV INC                                                                                          | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     18920 | NS      | $719906.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COML MTG TR 2021-CIP                                                           | BX COML MTG TR 2021-CIP F TSFR1M+333.348 73 11/15/2036 144A                                          | CUSIP: 12434FAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    184725 | PA      | $184263.66    | 0.04%             | 2038-12-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-SOAR                                            | BX 2021-SOAR 2.45% 06/15/2023 144A                                                                   | CUSIP: 05608WAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    419957 | PA      | $420088.65    | 0.09%             | 2038-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 D CSTR 6/44                                                                              | CUSIP: 617459AJ1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |    126251 | PA      | $125001.14    | 0.03%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TR 2013-LC12 WELLS FARGO COML MTG TR 2013-LC12                                    | WELLS FARGO TR 2013-LC12 3.162% 07/15/2053                                                           | CUSIP: 95002UAZ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $833432.00    | 0.17%             | 2053-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SUNSTONE HOTEL INVS INC NEW                                                       | SUNSTONE HOTEL INVS INC SER H 6.125% PFD PERP                                                        | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |      3500 | NS      | $70595.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UST NOTES                                                                         | USTN TII 1.75% 01/15/2034                                                                            | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4180000 | PA      | $4326032.72   | 0.88%             | 2034-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                                       | VISTRA CORP                                                                                          | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      1725 | NS      | $334322.25    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES TREASURY BOND                                                       | USTN TII 1.375% 02/15/2044                                                                           | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2290000 | PA      | $2648662.88   | 0.54%             | 2044-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| OMEGA HEALTHCARE INVESTORS INC                                                    | OMEGA HEALTHCARE INVESTORS INC 4.5% 04/01/2027                                                       | CUSIP: 681936BF6<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |     83000 | PA      | $83165.33     | 0.02%             | 2027-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2022-BNK42 E 2.5% 06/15/2055 144A                                                               | CUSIP: 06541MAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    141000 | PA      | $97715.19     | 0.02%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+359.8 1 11/15/2036 144A                                                      | CUSIP: 78486EAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99297.68     | 0.02%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                                           | DIGITALBRIDGE GROUP INC SER H 7.125% PERP PFD                                                        | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     11030 | NS      | $228651.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNICO EAGLE MINES LTD                                                            | AGNICO EAGLE MINES LTD                                                                               | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     18500 | NS      | $2204105.01   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS RESIDENTIAL 2022-SFR3 TR                                                 | PROGRESS RESIDENTIAL 2022-SFR3 TR 6.6% 04/17/2039 144A                                               | CUSIP: 74331UAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $249132.70    | 0.05%             | 2039-04-17      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+393.874 11/15/2026 144A                                                     | CUSIP: 05593TAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189576 | PA      | $188755.55    | 0.04%             | 2041-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| DIAMONDROCK HOSPITALITY CO                                                        | DIAMONDROCK HOSPITALITY CO 8.25% PFD PERP                                                            | CUSIP: 252784400<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EP               | CORP              | US        |     11337 | NS      | $277756.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                                                               | CHENIERE ENERGY INC                                                                                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1068 | NS      | $260079.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP | RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP 6% 09/15/2049 144A | CUSIP: 76134KAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    121000 | PA      | $121107.97    | 0.02%             | 2049-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WHEATON PRECIOUS METALS CORP                                                      | WHEATON PRECIOUS METALS CORP                                                                         | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     16710 | NS      | $1502703.58   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer