# EDGAR Filing Document

**Accession Number:** 0001414040
**File Stem:** 0001049169-26-001004
**Filing Date:** 2026-4
**Character Count:** 484519
**Document Hash:** 400baaabb750a6dc749557911e7c3ac8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-001004.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001049169-26-001004

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPS ETF Trust
- **CENTRAL INDEX KEY:** 0001414040

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22175
- **FILM NUMBER:** 26917918

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. Box 328
- **CITY:** Denver
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 303.623.2577

**MAIL ADDRESS:**
- **STREET 1:** P.O. Box 328
- **CITY:** Denver
- **STATE:** CO
- **ZIP:** 80201-0328

## Series and Classes Contracts Data

### ALPS DISRUPTIVE TECHNOLOGIES ETF (Series ID: S000060186)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000196973 | ALPS DISRUPTIVE TECHNOLOGIES ETF | DTEC            |

## Nport-Ex

**ALPS ETF Trust**

**Schedules of Investments**

**(Unaudited)**

**February 28, 2026**

Alerian Energy Infrastructure ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **CANADIAN ENERGY INFRASTRUCTURE COMPANIES (28.26%)** |  |  |
| ***Gathering + Processing (4.81%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Keyera Corp. | 503017 | $19198024 |
| ***Pipeline Transportation \| Natural Gas (4.86%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;TC Energy Corp. | 301504 | 19373795 |
| ***Pipeline Transportation \| Petroleum (16.65%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Enbridge, Inc.<sup>(a)</sup> | 612984 | 32566952 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pembina Pipeline Corp. | 433475 | 19051227 |
| &nbsp;&nbsp;&nbsp;South Bow Corp.<sup>(a)</sup> | 458311 | 14736645 |
| **Total Pipeline Transportation \| Petroleum** |  | 66354824 |
| ***Storage (1.94%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gibson Energy, Inc. | 359784 | 7730852 |
| **TOTAL CANADIAN ENERGY INFRASTRUCTURE COMPANIES** |  |  |
| (Cost $86,875,598) |  | 112657495 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **EXCHANGE TRADED FUND (0.39%)** | **EXCHANGE TRADED FUND (0.39%)** | **EXCHANGE TRADED FUND (0.39%)** |
| ***Exchange Traded Fund (0.39%)*** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Select Sector SPDR ETF | 28065 | 1569395 |
| **TOTAL EXCHANGE TRADED FUND** |  |  |
| (Cost $1,569,605) |  | 1569395 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **U.S. ENERGY INFRASTRUCTURE COMPANIES (29.07%)** |  |  |
| ***Energy (1.87%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Venture Global, Inc. | 770120 | 7462463 |
| ***Gathering + Processing (5.41%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corp. | 91447 | 21563203 |
| ***Liquefaction (5.62%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy, Inc. | 88553 | 20874599 |
| &nbsp;&nbsp;&nbsp;NextDecade Corp.<sup>(a)(b)</sup> | 281068 | 1514956 |
| **Total Liquefaction** |  | 22389555 |
| ***Pipeline Transportation \| Natural Gas (16.17%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;DT Midstream, Inc. | 142008 | 19716391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc. | 632970 | 21058912 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings, Inc. | 100927 | 4591169 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Pipeline Transportation \| Natural Gas (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc. | 230595 | $19086348 |
| **Total Pipeline Transportation \| Natural Gas** |  | 64452820 |
| **TOTAL U.S. ENERGY INFRASTRUCTURE COMPANIES** |  |  |
| (Cost $75,834,770) |  | 115868041 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **U.S. ENERGY INFRASTRUCTURE MLPS (26.58%)** |  |  |
| ***Gathering + Processing (6.19%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Delek Logistics Partners LP | 23739 | 1232766 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream LP, Class A | 283489 | 10965355 |
| &nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Partners LP | 299850 | 12470761 |
| **Total Gathering + Processing** |  | 24668882 |
| ***Pipeline Transportation \| Natural Gas (15.18%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer LP | 1689143 | 31823454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Partners LP | 793205 | 28666429 |
| **Total Pipeline Transportation \| Natural Gas** |  | 60489883 |
| ***Pipeline Transportation \| Petroleum (5.21%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Genesis Energy LP | 131853 | 2381265 |
| &nbsp;&nbsp;&nbsp;&nbsp;MPLX LP | 312107 | 18395587 |
| **Total Pipeline Transportation \| Petroleum** |  | 20776852 |
| **TOTAL U.S. ENERGY INFRASTRUCTURE MLPS** |  |  |
| (Cost $86,702,326) |  | 105935617 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **U.S. GENERAL PARTNERS (15.46%)** |  |  |
| ***Gathering + Processing (10.55%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corp. | 733713 | 16493868 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Williams Cos., Inc. | 342235 | 25571799 |
| **Total Gathering + Processing** |  | 42065667 |
| ***Pipeline Transportation \| Petroleum (4.91%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plains GP Holdings LP, Class A | 867644 | 19556696 |
| **TOTAL U.S. GENERAL PARTNERS** |  |  |
| (Cost $40,183,561) |  | 61622363 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (1.87%)** | **SHORT TERM INVESTMENTS (1.87%)** | **SHORT TERM INVESTMENTS (1.87%)** | **SHORT TERM INVESTMENTS (1.87%)** |
| **Money Market Fund (0.13%)** | **Money Market Fund (0.13%)** | **Money Market Fund (0.13%)** | **Money Market Fund (0.13%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $513,990) | 3.63% | 513990 | $513990 |
| **Investments Purchased with Collateral from Securities Loaned (1.74%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $6,936,118) |  | 6936118 | $6936118 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $7,450,108) |  |  | 7450108 |
| **TOTAL INVESTMENTS (101.63%)** | **TOTAL INVESTMENTS (101.63%)** | **TOTAL INVESTMENTS (101.63%)** | **TOTAL INVESTMENTS (101.63%)** |
| (Cost $298,615,968) |  |  | $405103019 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-1.63%)** |  |  | (6511161) |
| **NET ASSETS - 100.00%** |  |  | $398591858 |

---

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $8,052,993.* 

*(b)* *Non-income producing security.* 

*See Notes to Quarterly Schedule of Investments.*

Alerian MLP ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **MASTER LIMITED PARTNERSHIPS (107.65%)** |  |  |
| ***Compression (4.15%)*** |  |  |
| &nbsp;&nbsp;&nbsp;USA Compression Partners LP<sup>(a)</sup> | 17989096 | $491462103 |
| ***Gathering + Processing (22.24%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Hess Midstream LP, Class A<sup>(a)</sup> | 30270258 | 1170853579 |
| &nbsp;&nbsp;&nbsp;Western Midstream Partners LP<sup>(a)</sup> | 35092771 | 1459508346 |
| **Total Gathering + Processing** |  | 2630361925 |
| ***Liquefaction (4.90%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy Partners LP | 9456744 | 579698407 |
| ***Marketing & Distribution (18.61%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Global Partners LP<sup>(a)</sup> | 6081241 | 285696702 |
| &nbsp;&nbsp;&nbsp;Suburban Propane Partners LP<sup>(a)</sup> | 15255485 | 309686346 |
| &nbsp;&nbsp;&nbsp;Sunoco LP<sup>(a)</sup> | 25182585 | 1606397097 |
| **Total Marketing & Distribution** |  | 2201780145 |
| ***Pipeline Transportation \| Natural Gas (25.96%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer LP | 82428641 | 1552955596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Partners LP | 41989570 | 1517503060 |
| **Total Pipeline Transportation \| Natural Gas** |  | 3070458656 |
| ***Pipeline Transportation \| Petroleum (31.79%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Delek Logistics Partners LP<sup>(a)</sup> | 4517622 | 234600110 |
| &nbsp;&nbsp;&nbsp;Genesis Energy LP<sup>(a)</sup> | 25067267 | 452714842 |
| &nbsp;&nbsp;&nbsp;&nbsp;MPLX LP | 24829986 | 1463479375 |
| &nbsp;&nbsp;&nbsp;Plains All American Pipeline LP<sup>(a)</sup> | 76971691 | 1609478059 |
| **Total Pipeline Transportation \| Petroleum** |  | 3760272386 |
| **TOTAL MASTER LIMITED PARTNERSHIPS** |  |  |
| (Cost $5,301,832,636) |  | 12734033622 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (0.03%)** | **SHORT TERM INVESTMENTS (0.03%)** | **SHORT TERM INVESTMENTS (0.03%)** | **SHORT TERM INVESTMENTS (0.03%)** |
| **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) | 3.63% | 3166201 | $3166201 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $3,166,201) |  |  | 3166201 |
| **TOTAL INVESTMENTS (107.68%)** | **TOTAL INVESTMENTS (107.68%)** | **TOTAL INVESTMENTS (107.68%)** | **TOTAL INVESTMENTS (107.68%)** |
| (Cost $5,304,998,837) |  |  | $12737199823 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-7.68%)** |  |  | (907928646) |
| **NET ASSETS - 100.00%** |  |  | $11829271177 |

---

*<sup>(a)</sup>* *Affiliated Company. See Note 6 in Notes to Quarterly Schedule of Investments.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Active Equity Opportunity ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (96.69%)** |  |  |
| ***Communication Services (8.80%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | 4442 | $1384838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | 1248 | 808929 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walt Disney Co. | 2715 | 287898 |
| **Total Communication Services** |  | 2481665 |
| ***Consumer Discretionary (9.17%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 4791 | 1006110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lowe's Cos., Inc. | 1275 | 337327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marriott International, Inc., Class A | 903 | 308582 |
| &nbsp;&nbsp;&nbsp;&nbsp;McDonald's Corp. | 1059 | 361183 |
| &nbsp;&nbsp;&nbsp;O'Reilly Automotive, Inc.<sup>(a)</sup> | 3472 | 325951 |
| &nbsp;&nbsp;&nbsp;Tesla, Inc.<sup>(a)</sup> | 614 | 247141 |
| **Total Consumer Discretionary** |  | 2586294 |
| ***Consumer Staples (3.27%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Costco Wholesale Corp. | 356 | 359841 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walmart, Inc. | 4389 | 561573 |
| **Total Consumer Staples** |  | 921414 |
| ***Energy (3.04%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Baker Hughes Co. | 5247 | 342419 |
| &nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 2951 | 334821 |
| &nbsp;&nbsp;&nbsp;Enbridge, Inc.<sup>(b)</sup> | 3374 | 179294 |
| **Total Energy** |  | 856534 |
| ***Financials (12.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Express Co. | 1966 | 607297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, Inc. | 691 | 593963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. | 2167 | 355670 |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. | 2395 | 719219 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A | 907 | 469110 |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Global, Inc. | 663 | 292966 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Co. | 4421 | 360090 |
| **Total Financials** |  | 3398315 |
| ***Health Care (14.39%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Boston Scientific Corp.<sup>(a)</sup> | 3575 | 274739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Co. | 365 | 383976 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences, Inc. | 3104 | 462341 |
| &nbsp;&nbsp;&nbsp;&nbsp;HCA Healthcare, Inc. | 758 | 401513 |
| &nbsp;&nbsp;&nbsp;IQVIA Holdings, Inc.<sup>(a)</sup> | 1478 | 264281 |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 4511 | 1120668 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck & Co., Inc. | 2020 | 250116 |
| &nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. | 884 | 460661 |
| &nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 885 | 439695 |
| **Total Health Care** |  | 4057990 |
| ***Industrials (11.71%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Caterpillar, Inc. | 1434 | 1065218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deere & Co. | 790 | 497471 |
| &nbsp;&nbsp;&nbsp;Old Dominion Freight Line, Inc.<sup>(b)</sup> | 1310 | 265996 |
| &nbsp;&nbsp;&nbsp;&nbsp;RTX Corp. | 2139 | 433404 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Industrials (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Schneider Electric SE, ADR<sup>(b)</sup> | 5655 | $368763 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trane Technologies PLC | 635 | 293573 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waste Management, Inc. | 1568 | 377637 |
| **Total Industrials** |  | 3302062 |
| ***Information Technology (26.49%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amphenol Corp., Class A | 4647 | 678741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | 3755 | 991996 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corning, Inc. | 3682 | 553699 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Business Machines Corp. | 1026 | 246455 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lam Research Corp. | 2583 | 604138 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 3015 | 1184111 |
| &nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | 685 | 330348 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 5671 | 1004844 |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc. | 1377 | 196030 |
| &nbsp;&nbsp;&nbsp;Synopsys, Inc.<sup>(a)</sup> | 445 | 184230 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 3026 | 1133479 |
| &nbsp;&nbsp;&nbsp;&nbsp;TE Connectivity PLC | 1565 | 360185 |
| **Total Information Technology** |  | 7468256 |
| ***Materials (2.39%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 4903 | 333796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Linde PLC | 669 | 339906 |
| **Total Materials** |  | 673702 |
| ***Real Estate (2.19%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity LifeStyle Properties, Inc. | 4327 | 290601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Welltower, Inc. | 1575 | 326214 |
| **Total Real Estate** |  | 616815 |
| ***Utilities (3.18%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alliant Energy Corp. | 3920 | 283573 |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy Corp. | 2387 | 312339 |
| &nbsp;&nbsp;&nbsp;&nbsp;NRG Energy, Inc. | 1683 | 301189 |
| **Total Utilities** |  | 897101 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $20,649,128) |  | 27260148 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (5.29%)** | **SHORT TERM INVESTMENTS (5.29%)** | **SHORT TERM INVESTMENTS (5.29%)** | **SHORT TERM INVESTMENTS (5.29%)** |
| **Money Market Fund (3.25%)** | **Money Market Fund (3.25%)** | **Money Market Fund (3.25%)** | **Money Market Fund (3.25%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $917,478) | 3.63% | 917478 | $917478 |
| **Investments Purchased with Collateral from Securities Loaned (2.04%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $574,622) |  | 574622 | $574622 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $1,492,100) |  |  | 1492100 |
| **TOTAL INVESTMENTS (101.98%)** | **TOTAL INVESTMENTS (101.98%)** | **TOTAL INVESTMENTS (101.98%)** | **TOTAL INVESTMENTS (101.98%)** |
| (Cost $22,141,228) |  |  | $28752248 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-1.98%)** |  |  | (557192) |
| **NET ASSETS - 100.00%** |  |  | $28195056 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $732,583.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Active REIT ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (98.81%)** |  |  |
| ***Data Center REITs (15.18%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, Inc. | 12597 | $2232188 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equinix, Inc. | 5503 | 5361353 |
| **Total Data Center REITs** |  | 7593541 |
| ***Diversified REITs (4.46%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadstone Net Lease, Inc. | 50653 | 982162 |
| &nbsp;&nbsp;&nbsp;&nbsp;Essential Properties Realty Trust, Inc. | 36782 | 1248381 |
| **Total Diversified REITs** |  | 2230543 |
| ***Health Care REITs (19.23%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Alexandria Real Estate Equities, Inc.<sup>(a)</sup> | 13532 | 731269 |
| &nbsp;&nbsp;&nbsp;&nbsp;CareTrust REIT, Inc. | 31640 | 1285217 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sabra Health Care REIT, Inc. | 47314 | 972303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ventas, Inc. | 23775 | 2048454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Welltower, Inc. | 22089 | 4575073 |
| **Total Health Care REITs** |  | 9612316 |
| ***Hotel & Resort REITs (2.61%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Host Hotels & Resorts, Inc. | 66685 | 1306359 |
| ***Industrial REITs (14.00%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Industrial Realty Trust, Inc. | 16127 | 1018259 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lineage, Inc. | 13247 | 536768 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prologis, Inc. | 32905 | 4691266 |
| &nbsp;&nbsp;&nbsp;&nbsp;Terreno Realty Corp. | 11329 | 748394 |
| **Total Industrial REITs** |  | 6994687 |
| ***Multi-Family Residential REITs (7.81%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AvalonBay Communities, Inc. | 7682 | 1361481 |
| &nbsp;&nbsp;&nbsp;&nbsp;Camden Property Trust | 7971 | 863578 |
| &nbsp;&nbsp;&nbsp;&nbsp;Essex Property Trust, Inc. | 6579 | 1678369 |
| **Total Multi-Family Residential REITs** |  | 3903428 |
| ***Office REITs (1.51%)*** |  |  |
| &nbsp;&nbsp;&nbsp;BXP, Inc.<sup>(a)</sup> | 13101 | 754356 |
| ***Other Specialized REITs (5.59%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gaming and Leisure Properties, Inc. | 22250 | 1088248 |
| &nbsp;&nbsp;&nbsp;&nbsp;VICI Properties, Inc. | 56383 | 1703330 |
| **Total Other Specialized REITs** |  | 2791578 |
| ***Retail REITs (14.82%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Curbline Properties Corp. | 39081 | 1086843 |
| &nbsp;&nbsp;&nbsp;&nbsp;InvenTrust Properties Corp. | 38841 | 1211839 |
| &nbsp;&nbsp;&nbsp;&nbsp;Macerich Co. | 65225 | 1335156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corp. | 23288 | 1560296 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Retail REITs (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group, Inc. | 10847 | $2211161 |
| **Total Retail REITs** |  | 7405295 |
| ***Self-Storage REITs (6.32%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CubeSmart | 25695 | 1057092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extra Space Storage, Inc. | 13897 | 2098864 |
| **Total Self-Storage REITs** |  | 3155956 |
| ***Single-Family Residential REITs (5.04%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity LifeStyle Properties, Inc. | 18673 | 1254079 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invitation Homes, Inc. | 47948 | 1262950 |
| **Total Single-Family Residential REITs** |  | 2517029 |
| ***Telecom Tower REITs (2.24%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Tower Corp. | 5848 | 1121997 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $43,721,701) |  | 49387085 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (1.13%)** | **SHORT TERM INVESTMENTS (1.13%)** | **SHORT TERM INVESTMENTS (1.13%)** | **SHORT TERM INVESTMENTS (1.13%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) | 3.63% | 563877 | $563877 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $563,877) |  |  | 563877 |
| **TOTAL INVESTMENTS (99.94%)** | **TOTAL INVESTMENTS (99.94%)** | **TOTAL INVESTMENTS (99.94%)** | **TOTAL INVESTMENTS (99.94%)** |
| (Cost $44,285,578) |  |  | $49950962 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES (0.06%)** |  |  | 27619 |
| **NET ASSETS - 100.00%** |  |  | $49978581 |

---

*<sup>(a)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $1,329,269.*

*See Notes to Quarterly Schedule of Investments.*

ALPS \| Intermediate Municipal Bond ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| **GOVERNMENT BONDS (9.71%)** |  |  |
| United States Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.75%, 03/17/2026 | $2600000 | $2596078 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.76%, 03/24/2026 | 1200000 | 1197351 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.72%, 03/26/2026 | 1200000 | 1197099 |
| **TOTAL GOVERNMENT BONDS** |  |  |
| (Cost $4,990,050) |  | 4990528 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| **MUNICIPAL BONDS (91.96%)** |  |  |
| ***General Obligation Limited (0.98%)*** |  |  |
| ***Pennsylvania (0.98%)*** |  |  |
| School District of Philadelphia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/2034 | 500000 | 505712 |
| **Total Pennsylvania** |  | 505712 |
| **Total General Obligation Limited** |  | 505712 |
| ***General Obligation Unlimited (16.56%)*** |  |  |
| ***California (4.43%)*** |  |  |
| Allan Hancock Joint Community College District |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 08/01/2042<sup>(a)</sup> | 350000 | 325976 |
| Antelope Valley Community College District |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/2036<sup>(b)</sup> | 295000 | 348510 |
| Chino Valley Unified School District |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 08/01/2035<sup>(a)</sup> | 245000 | 179135 |
| Fremont Unified School District/Alameda County CA |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/2036<sup>(b)</sup> | 150000 | 182414 |
| Lake Tahoe Unified School District |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 08/01/2045<sup>(a)</sup> | 150000 | 139430 |
| Mt San Antonio Community College District |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 08/01/2043<sup>(a)</sup> | 365000 | 382149 |
| San Mateo County Community College District |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 09/01/2035<sup>(a)</sup> | 110000 | 84787 |
| San Mateo Union High School District |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 09/01/2041<sup>(a)</sup> | 570000 | 639447 |
| **Total California** |  | 2281848 |
| ***Michigan (0.42%)*** |  |  |
| Warren Consolidated Schools |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/2026 | 215000 | 215905 |
| **Total Michigan** |  | 215905 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***General Obligation Unlimited (continued)*** |  |  |
| ***Minnesota (1.81%)*** |  |  |
| Morris Area Schools Independent School District No 2769 |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 02/01/2033<sup>(a)</sup> | $750000 | $613170 |
| St Cloud Independent School District No 742 |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 02/01/2038<sup>(a)</sup> | 500000 | 314781 |
| **Total Minnesota** |  | 927951 |
| ***Oregon (3.69%)*** |  |  |
| Clackamas & Washington Counties School District No 3 |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2036<sup>(a)</sup> | 600000 | 403201 |
| Multnomah County School District No 40 |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2043<sup>(a)</sup> | 1000000 | 449271 |
| Oregon Coast Community College District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/2040 | 400000 | 455540 |
| Washington & Multnomah Counties School District No 48J Beaverton |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2034<sup>(a)</sup> | 200000 | 144199 |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2041<sup>(a)</sup> | 150000 | 77597 |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2042<sup>(a)</sup> | 750000 | 366281 |
| **Total Oregon** |  | 1896089 |
| ***South Carolina (1.31%)*** |  |  |
| Orangeburg County School District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/13/2026 | 660000 | 667805 |
| **Total South Carolina** |  | 667805 |
| ***Texas (3.68%)*** |  |  |
| Cedar Hill Independent School District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/2037 | 200000 | 230223 |
| El Paso Independent School District |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/2038<sup>(b)</sup> | 250000 | 283521 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/2039<sup>(b)</sup> | 400000 | 449241 |
| Fort Bend Independent School District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.72%, 08/01/2051 | 65000 | 64305 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 08/01/2054 | 150000 | 153294 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.80%, 08/01/2055 | 300000 | 308822 |
| North East Independent School District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.75%, 08/01/2049 | 395000 | 401273 |
| **Total Texas** |  | 1890679 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***General Obligation Unlimited (continued)*** |  |  |
| ***Washington (0.91%)*** |  |  |
| Washington Clackamas & Yamhill Counties School District No 88J |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2037<sup>(a)</sup> | $150000 | $91624 |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2039<sup>(a)</sup> | 255000 | 141231 |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2040<sup>(a)</sup> | 200000 | 110532 |
| &nbsp;&nbsp;&nbsp;0.00%, 06/15/2041<sup>(a)</sup> | 250000 | 125601 |
| **Total Washington** |  | 468988 |
| ***Wisconsin (0.31%)*** |  |  |
| State of Wisconsin |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/2030<sup>(b)</sup> | 150000 | 161407 |
| **Total Wisconsin** |  | 161407 |
| **Total General Obligation Unlimited** |  | 8510672 |
| ***Revenue Bonds (74.42%)*** |  |  |
| ***Alabama (4.27%)*** |  |  |
| Black Belt Energy Gas District |  |  |
| &nbsp;&nbsp;&nbsp;7D US MUNI + 0.65%, 04/01/2053<sup>(c)</sup> | 100000 | 99857 |
| Energy Southeast A Cooperative District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/2033 | 350000 | 371130 |
| Industrial Development Board of the City of Mobile Alabama |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.92%, 06/01/2034 | 65000 | 65190 |
| Southeast Energy Authority A Cooperative District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/2030 | 1000000 | 1090375 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/2035 | 190000 | 212982 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/01/2055 | 170000 | 182175 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/2055 | 160000 | 175835 |
| **Total Alabama** |  | 2197544 |
| ***Arizona (3.09%)*** |  |  |
| Maricopa County & Phoenix Industrial Development Authorities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 09/01/2056 | 295000 | 333890 |
| Salt Verde Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/2032 | 675000 | 747587 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/2037 | 450000 | 501693 |
| **Total Arizona** |  | 1583170 |
| ***California (6.38%)*** |  |  |
| California Community Choice Financing Authority |  |  |
| &nbsp;&nbsp;&nbsp;7D US MUNI + 0.45%, 02/01/2052<sup>(c)</sup> | 260000 | 249761 |
| &nbsp;&nbsp;&nbsp;1D US SOFR + 1.45%, 04/01/2056<sup>(c)</sup> | 300000 | 300310 |
| City of Los Angeles Department of Airports |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/15/2033 | 405000 | 469652 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Revenue Bonds (continued)*** |  |  |
| Long Beach Bond Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;3M US SOFR + 1.45%, 11/15/2027<sup>(c)</sup> | $430000 | $435547 |
| Los Angeles Department of Water & Power |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/2032 | 225000 | 229851 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/2035 | 175000 | 207773 |
| Modesto Irrigation District |  |  |
| &nbsp;&nbsp;&nbsp;3M US SOFR + 0.63%, 09/01/2037<sup>(c)</sup> | 615000 | 604472 |
| Northern California Energy Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/2054 | 300000 | 323390 |
| Northern California Gas Authority No 1 |  |  |
| &nbsp;&nbsp;&nbsp;3M US SOFR + 0.72%, 07/01/2027<sup>(c)</sup> | 125000 | 125323 |
| San Diego County Regional Airport Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/2034 | 105000 | 123378 |
| San Francisco City & County Airport Comm-San Francisco International Airport |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/2037 | 100000 | 114343 |
| Southern California Public Power Authority |  |  |
| &nbsp;&nbsp;&nbsp;3M CME TERM SOFR + 1.47%, 11/01/2038<sup>(c)</sup> | 100000 | 99160 |
| **Total California** |  | 3282960 |
| ***Colorado (2.44%)*** |  |  |
| City & County of Denver Co. Airport System Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 11/15/2035 | 250000 | 287532 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 11/15/2036 | 250000 | 313298 |
| Colorado Health Facilities Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/15/2039 | 75000 | 82251 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/2043 | 100000 | 99240 |
| E-470 Public Highway Authority |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 09/01/2035<sup>(a)</sup> | 300000 | 188284 |
| &nbsp;&nbsp;&nbsp;0.00%, 09/01/2037<sup>(a)</sup> | 500000 | 283243 |
| **Total Colorado** |  | 1253848 |
| ***Connecticut (0.70%)*** |  |  |
| Connecticut Housing Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/2047 | 40000 | 40135 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 11/15/2054 | 285000 | 320605 |
| **Total Connecticut** |  | 360740 |
| ***District of Columbia (0.93%)*** |  |  |
| District of Columbia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/15/2040 | 200000 | 200150 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Revenue Bonds (continued)*** |  |  |
| Metropolitan Washington Airports Authority Aviation Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/2037 | $250000 | $276803 |
| **Total District of Columbia** |  | 476953 |
| ***Florida (4.26%)*** |  |  |
| City Of South Miami Health Facilities Authority, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/2042 | 350000 | 357916 |
| County of Broward FL Airport System Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/2031 | 200000 | 215582 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/2042 | 115000 | 117112 |
| County of Lee FL Airport Revenue |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/2056<sup>(b)</sup> | 125000 | 137618 |
| County of Miami-Dade FL Aviation Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/2036 | 250000 | 284232 |
| Florida Housing Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 01/01/2054 | 110000 | 115854 |
| Greater Orlando Aviation Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/2033 | 300000 | 322595 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/01/2037 | 300000 | 340207 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 10/01/2044 | 175000 | 190625 |
| Martin County Health Facilities Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 01/01/2046 | 110000 | 104601 |
| **Total Florida** |  | 2186342 |
| ***Georgia (0.97%)*** |  |  |
| Main Street Natural Gas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/2053 | 300000 | 326388 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/01/2054 | 160000 | 174338 |
| **Total Georgia** |  | 500726 |
| ***Illinois (3.07%)*** |  |  |
| Illinois Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/2035 | 225000 | 244662 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/2036 | 385000 | 392803 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/15/2047 | 200000 | 183642 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/2047 | 555000 | 570583 |
| Illinois Housing Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 04/01/2054 | 165000 | 181404 |
| **Total Illinois** |  | 1573094 |
| ***Kentucky (1.49%)*** |  |  |
| County of Trimble KY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 06/01/2054 | 300000 | 303128 |
| Kentucky Public Energy Authority |  |  |
| &nbsp;&nbsp;&nbsp;1D US SOFR + 1.20%, 08/01/2052<sup>(c)</sup> | 460000 | 462646 |
| **Total Kentucky** |  | 765774 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Revenue Bonds (continued)*** |  |  |
| ***Louisiana (0.12%)*** |  |  |
| Louisiana Public Facilities Authority |  |  |
| &nbsp;&nbsp;&nbsp;3M US SOFR + 0.70%, 02/15/2036<sup>(c)</sup> | $60000 | $59579 |
| **Total Louisiana** |  | 59579 |
| ***Massachusetts (0.42%)*** |  |  |
| Massachusetts Development Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/01/2041 | 125000 | 125044 |
| Massachusetts Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/01/2050 | 95000 | 94665 |
| **Total Massachusetts** |  | 219709 |
| ***Michigan (1.12%)*** |  |  |
| Gerald R Ford International Airport Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/2046 | 100000 | 103405 |
| Michigan Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 04/15/2042 | 200000 | 202948 |
| &nbsp;&nbsp;&nbsp;7D US MUNI + 0.75%, 04/15/2047<sup>(c)</sup> | 275000 | 274416 |
| **Total Michigan** |  | 580769 |
| ***Minnesota (1.37%)*** |  |  |
| Minnesota Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.47%, 01/01/2050 | 193652 | 162976 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 07/01/2050 | 535000 | 537571 |
| **Total Minnesota** |  | 700547 |
| ***Missiouri (0.44%)*** |  |  |
| Missouri Housing Development Commission |  |  |
| &nbsp;&nbsp;&nbsp;5.75%, 05/01/2057<sup>(b)</sup> | 200000 | 227983 |
| **Total Missiouri** |  | 227983 |
| ***Missouri (0.62%)*** |  |  |
| Missouri Housing Development Commission |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 05/01/2050 | 150000 | 151912 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 05/01/2055 | 145000 | 163495 |
| **Total Missouri** |  | 315407 |
| ***Nebraska (2.19%)*** |  |  |
| Central Plains Energy Project |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/2053 | 165000 | 175643 |
| Nebraska Investment Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 09/01/2046 | 80000 | 80073 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 09/01/2050 | 305000 | 303383 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 09/01/2055 | 500000 | 567707 |
| **Total Nebraska** |  | 1126806 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Revenue Bonds (continued)*** |  |  |
| ***Nevada (0.74%)*** |  |  |
| County of Clark NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.75%, 01/01/2036 | $275000 | $275181 |
| County of Washoe NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 03/01/2036 | 100000 | 103371 |
| **Total Nevada** |  | 378552 |
| ***New Jersey (2.38%)*** |  |  |
| New Jersey Transportation Trust Fund Authority |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 12/15/2034<sup>(a)</sup> | 200000 | 154682 |
| &nbsp;&nbsp;&nbsp;0.00%, 12/15/2039<sup>(a)</sup> | 400000 | 242872 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 06/15/2041 | 300000 | 343147 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 06/15/2042 | 250000 | 278664 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 06/15/2044 | 200000 | 203405 |
| **Total New Jersey** |  | 1222770 |
| ***New Mexico (1.37%)*** |  |  |
| City of Farmington NM |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.80%, 04/01/2029 | 180000 | 171033 |
| New Mexico Mortgage Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/01/2053 | 215000 | 229537 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 03/01/2055 | 270000 | 302399 |
| **Total New Mexico** |  | 702969 |
| ***New York (7.14%)*** |  |  |
| Metropolitan Transportation Authority |  |  |
| &nbsp;&nbsp;&nbsp;1D US SOFR + 0.43%, 11/01/2026<sup>(c)</sup> | 15000 | 14952 |
| &nbsp;&nbsp;&nbsp;1D US SOFR + 0.80%, 11/01/2032<sup>(c)</sup> | 460000 | 460028 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 11/15/2045 | 130000 | 131586 |
| New York City Municipal Water Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 06/15/2045 | 100000 | 99135 |
| New York City Transitional Finance Authority Future Tax Secured Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/2038 | 100000 | 115219 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/2040 | 115000 | 129148 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/2041 | 200000 | 228153 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/2042 | 300000 | 334633 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/2042 | 100000 | 111544 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 02/01/2047 | 150000 | 159555 |
| New York State Dormitory Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/01/2038 | 100000 | 105378 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/15/2045 | 200000 | 217925 |
| New York State Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.60%, 11/01/2044 | 200000 | 205854 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.95%, 11/01/2050 | 175000 | 179476 |
| New York State Thruway Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/15/2042 | 100000 | 109316 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Revenue Bonds (continued)*** |  |  |
| Triborough Bridge & Tunnel Authority |  |  |
| &nbsp;&nbsp;&nbsp;1D US SOFR + 1.05%, 04/01/2026<sup>(c)</sup> | $250000 | $250086 |
| &nbsp;&nbsp;&nbsp;0.00%, 11/15/2039<sup>(a)</sup> | 1000000 | 607165 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 05/15/2047 | 200000 | 213912 |
| **Total New York** |  | 3673065 |
| ***North Carolina (3.06%)*** |  |  |
| North Carolina Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 01/01/2055 | 675000 | 739757 |
| University of North Carolina at Chapel Hill |  |  |
| &nbsp;&nbsp;&nbsp;1D US SOFR + 1.05%, 12/01/2041<sup>(c)</sup> | 830000 | 833829 |
| **Total North Carolina** |  | 1573586 |
| ***North Dakota (0.90%)*** |  |  |
| North Dakota Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 01/01/2049 | 210000 | 211943 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 07/01/2053 | 235000 | 251079 |
| **Total North Dakota** |  | 463022 |
| ***Ohio (1.58%)*** |  |  |
| Lancaster Port Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/2055 | 390000 | 421509 |
| Ohio Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 03/01/2056 | 335000 | 392675 |
| **Total Ohio** |  | 814184 |
| ***Oklahoma (0.77%)*** |  |  |
| Oklahoma Housing Finance Agency |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/01/2052 | 380000 | 395729 |
| **Total Oklahoma** |  | 395729 |
| ***Oregon (1.90%)*** |  |  |
| Port of Portland OR Airport Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/2036 | 200000 | 225387 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/01/2038 | 305000 | 310662 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 07/01/2047 | 485000 | 444097 |
| **Total Oregon** |  | 980146 |
| ***Pennslyvania (3.58%)*** |  |  |
| Allegheny County Airport Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 01/01/2046 | 700000 | 656844 |
| Butler County General Authority |  |  |
| &nbsp;&nbsp;&nbsp;3M US SOFR + 0.70%, 10/01/2034<sup>(c)</sup> | 350000 | 344000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Revenue Bonds (continued)*** |  |  |
| Pennsylvania Turnpike Commission |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 12/01/2037<sup>(a)</sup> | $790000 | $830249 |
| **Total Pennslyvania** |  | 1831093 |
| ***South Carolina (2.10%)*** |  |  |
| South Carolina State Housing Finance & Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 01/01/2054 | 135000 | 149249 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 01/01/2054 | 830000 | 926458 |
| **Total South Carolina** |  | 1075707 |
| ***South Dakota (0.26%)*** |  |  |
| South Dakota Housing Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 05/01/2054 | 125000 | 133585 |
| **Total South Dakota** |  | 133585 |
| ***Tennessee (0.72%)*** |  |  |
| New Memphis Arena Public Building Authority |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 04/01/2030<sup>(a)</sup> | 350000 | 370803 |
| **Total Tennessee** |  | 370803 |
| ***Texas (6.47%)*** |  |  |
| City of Austin TX Airport System Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/15/2036 | 200000 | 221930 |
| City of Houston TX Airport System Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 07/01/2036 | 135000 | 151101 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 07/01/2048 | 500000 | 523601 |
| City of San Antonio TX Electric & Gas Systems Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.15%, 02/01/2055 | 435000 | 442097 |
| Main Street Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/01/2033 | 250000 | 273080 |
| North Texas Tollway Authority |  |  |
| &nbsp;&nbsp;&nbsp;0.00%, 01/01/2038<sup>(a)</sup> | 100000 | 67276 |
| Texas Department of Housing & Community Affairs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.15%, 07/01/2037 | 215000 | 181711 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 09/01/2038 | 100000 | 104502 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 07/01/2052 | 375000 | 377185 |
| Texas Municipal Gas Acquisition & Supply Corp. V |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/01/2055 | 320000 | 350390 |
| Texas Municipal Gas Acquisition and Supply Corp. I |  |  |
| &nbsp;&nbsp;&nbsp;3M CME TERM SOFR + 0.70%, 12/15/2026<sup>(c)</sup> | 170000 | 170019 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 12/15/2026 | 15000 | 15443 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Revenue Bonds (continued)*** |  |  |
| Texas Municipal Gas Acquisition and Supply Corp. II |  |  |
| &nbsp;&nbsp;&nbsp;3M CME TERM SOFR + 1.05%, 09/15/2027<sup>(c)</sup> | $235000 | $235809 |
| &nbsp;&nbsp;&nbsp;3M CME TERM SOFR + 0.86%, 09/15/2027<sup>(c)</sup> | 120000 | 120255 |
| Texas Water Development Board |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/15/2043 | 100000 | 100814 |
| **Total Texas** |  | 3335213 |
| ***Virginia (2.77%)*** |  |  |
| City of Norfolk VA Water Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/01/2033 | 300000 | 356124 |
| FHLMC Multifamily VRD Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.64%, 10/25/2040 | 275000 | 294016 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.60%, 06/25/2042 | 319477 | 337754 |
| Freddie Mac Multifamily ML Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.69%, 10/25/2040 | 147930 | 154844 |
| Virginia Housing Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.13%, 07/01/2056 | 285000 | 285041 |
| **Total Virginia** |  | 1427779 |
| ***Washington (1.33%)*** |  |  |
| County of King WA Sewer Revenue |  |  |
| &nbsp;&nbsp;&nbsp;7D US MUNI + 0.23%, 01/01/2040<sup>(c)</sup> | 115000 | 114247 |
| Port of Seattle WA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/01/2031 | 250000 | 256678 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 04/01/2037 | 300000 | 315399 |
| **Total Washington** |  | 686324 |
| ***Wisconsin (1.27%)*** |  |  |
| Public Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.70%, 10/01/2046 | 455000 | 470817 |
| Wisconsin Health & Educational Facilities Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/2043 | 180000 | 177513 |
| **Total Wisconsin** |  | 648330 |
| ***Wyoming (2.20%)*** |  |  |
| Wyoming Community Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 06/01/2052 | 730000 | 735028 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 12/01/2055 | 350000 | 397746 |
| **Total Wyoming** |  | 1132774 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Revenue Bonds (continued)*** |  |  |
| **Total Revenue Bonds** |  | 38257582 |
| **TOTAL MUNICIPAL BONDS** |  |  |
| (Cost $45,514,573) |  | 47273966 |
| **TOTAL INVESTMENTS (101.67%)** |  |  |
| (Cost $50,504,623) |  | $52264494 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-1.67%)** |  | (856223) |
| **NET ASSETS - 100.00%** |  | $51408271 |

---

**Investment Abbreviations:**

SOFR - Secured Overnight Financing Rate

**Reference Rates:**

1D US SOFR - 1 Day SOFR as of February 28, 2026 was 3.68%

7D US MUNI- SIFMA Municipal Swap Index Yield as of February 28, 2026 was 1.88%

3M US SOFR - 3 Month SOFR as of February 28, 2026 was 3.73%

3M CME TERM SOFR – 3 Month CME TERM SOFR as of February 28, 2026 was 3.67%

*<sup>(a)</sup>* *Zero coupon bond.*

*<sup>(b)</sup>* *Represents a security purchased on a when-issued basis.*

*<sup>(c)</sup>* *Floating or variable rate security. Interest rate resets periodically on specific dates. The rate shown represents the coupon or interest rate in effect as of February 28, 2026. Security description includes the reference rate and spread if published and available.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Clean Energy ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (92.85%)** | **COMMON STOCKS (92.85%)** | **COMMON STOCKS (92.85%)** |
| ***Consumer Discretionary (11.10%)*** |  |  |
| &nbsp;&nbsp;&nbsp;EVgo, Inc.<sup>(a)(b)</sup> | 191697 | $525250 |
| &nbsp;&nbsp;&nbsp;Lucid Group, Inc.<sup>(a)(b)</sup> | 194129 | 1941290 |
| &nbsp;&nbsp;&nbsp;Rivian Automotive, Inc.<sup>(a)</sup> | 323064 | 4952571 |
| &nbsp;&nbsp;&nbsp;Tesla, Inc.<sup>(a)</sup> | 12746 | 5130392 |
| **Total Consumer Discretionary** |  | 12549503 |
| ***Consumer Staples (2.78%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Andersons, Inc. | 48075 | 3138817 |
| ***Energy (3.61%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Clean Energy Fuels Corp.<sup>(a)</sup> | 245272 | 554315 |
| &nbsp;&nbsp;&nbsp;Gevo, Inc.<sup>(a)(b)</sup> | 347184 | 631875 |
| &nbsp;&nbsp;&nbsp;Green Plains, Inc.<sup>(a)</sup> | 101346 | 1391481 |
| &nbsp;&nbsp;&nbsp;REX American Resources Corp.<sup>(a)</sup> | 42496 | 1511157 |
| **Total Energy** |  | 4088828 |
| ***Financials (5.60%)*** |  |  |
| &nbsp;&nbsp;&nbsp;HA Sustainable Infrastructure Capital, Inc.<sup>(b)</sup> | 173519 | 6336914 |
| ***Industrials (28.46%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Ameresco, Inc., Class A<sup>(a)(b)</sup> | 47835 | 1457054 |
| &nbsp;&nbsp;&nbsp;American Superconductor Corp.<sup>(a)</sup> | 65297 | 2127376 |
| &nbsp;&nbsp;&nbsp;Amprius Technologies, Inc.<sup>(a)(b)</sup> | 153716 | 1649373 |
| &nbsp;&nbsp;&nbsp;Array Technologies, Inc.<sup>(a)(b)</sup> | 225623 | 1710222 |
| &nbsp;&nbsp;&nbsp;Ballard Power Systems, Inc.<sup>(a)(b)</sup> | 373880 | 800103 |
| &nbsp;&nbsp;&nbsp;Energy Vault Holdings, Inc.<sup>(a)(b)</sup> | 174443 | 523329 |
| &nbsp;&nbsp;&nbsp;Eos Energy Enterprises, Inc.<sup>(a)(b)</sup> | 386861 | 2203174 |
| &nbsp;&nbsp;&nbsp;Fluence Energy, Inc.<sup>(a)(b)</sup> | 96867 | 1505313 |
| &nbsp;&nbsp;&nbsp;Microvast Holdings, Inc.<sup>(a)(b)</sup> | 296375 | 663880 |
| &nbsp;&nbsp;&nbsp;Nextpower, Inc.<sup>(a)(b)</sup> | 64011 | 6727556 |
| &nbsp;&nbsp;&nbsp;Plug Power, Inc.<sup>(a)(b)</sup> | 2079761 | 3722772 |
| &nbsp;&nbsp;&nbsp;Shoals Technologies Group, Inc., Class A<sup>(a)</sup> | 246721 | 1463056 |
| &nbsp;&nbsp;&nbsp;Sunrun, Inc.<sup>(a)</sup> | 322669 | 4275364 |
| &nbsp;&nbsp;&nbsp;T1 Energy, Inc.<sup>(a)(b)</sup> | 231853 | 1428214 |
| &nbsp;&nbsp;&nbsp;Willdan Group, Inc.<sup>(a)</sup> | 21444 | 1911518 |
| **Total Industrials** |  | 32168304 |
| ***Information Technology (15.78%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Enphase Energy, Inc.<sup>(a)(b)</sup> | 185567 | 7843917 |
| &nbsp;&nbsp;&nbsp;First Solar, Inc.<sup>(a)</sup> | 22513 | 4439564 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Information Technology (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Itron, Inc.<sup>(a)(b)</sup> | 59248 | $5566350 |
| **Total Information Technology** |  | 17849831 |
| ***Materials (8.26%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Albemarle Corp. | 46319 | 8275816 |
| &nbsp;&nbsp;&nbsp;American Battery Technology Co.<sup>(a)(b)</sup> | 188354 | 695026 |
| &nbsp;&nbsp;&nbsp;Aspen Aerogels, Inc.<sup>(a)</sup> | 121640 | 379517 |
| **Total Materials** |  | 9350359 |
| ***Utilities (17.26%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Boralex, Inc., Class A<sup>(b)</sup> | 152520 | 3103959 |
| &nbsp;&nbsp;&nbsp;Clearway Energy, Inc., Class C<sup>(b)</sup> | 125375 | 4803116 |
| &nbsp;&nbsp;&nbsp;Northland Power, Inc.<sup>(b)</sup> | 391565 | 6275145 |
| &nbsp;&nbsp;&nbsp;Ormat Technologies, Inc.<sup>(b)</sup> | 51480 | 5338476 |
| **Total Utilities** |  | 19520696 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $183,803,282) |  | 105003252 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **MASTER LIMITED PARTNERSHIPS (7.06%)** |  |  |
| ***Utilities (7.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brookfield Renewable Partners LP | 204310 | $6496041 |
| &nbsp;&nbsp;&nbsp;XPLR Infrastructure LP<sup>(a)</sup> | 140507 | 1487969 |
| **Total Utilities** |  | 7984010 |
| **TOTAL MASTER LIMITED PARTNERSHIPS** |  |  |
| (Cost $13,912,435) |  | 7984010 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (19.51%)** | **SHORT TERM INVESTMENTS (19.51%)** | **SHORT TERM INVESTMENTS (19.51%)** | **SHORT TERM INVESTMENTS (19.51%)** |
| **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $35,351) | 3.63% | 35351 | $35351 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield (continued)** | **Shares (continued)** | **Value (continued)** |
| **Investments Purchased with Collateral from Securities Loaned (19.48%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $22,025,078) |  | 22025078 | $22025078 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $22,060,429) |  |  | 22060429 |
| **TOTAL INVESTMENTS (119.42%)** | **TOTAL INVESTMENTS (119.42%)** | **TOTAL INVESTMENTS (119.42%)** | **TOTAL INVESTMENTS (119.42%)** |
| (Cost $219,776,146) |  |  | $135047691 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-19.42%)** |  |  | (21953790) |
| **NET ASSETS - 100.00%** |  |  | $113093901 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $30,796,260.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Disruptive Technologies ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (98.53%)** |  |  |
| ***Communication Services (1.11%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Netflix, Inc.<sup>(a)</sup> | 8618 | $829396 |
| ***Consumer Discretionary (3.33%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ADT, Inc. | 99739 | 799907 |
| &nbsp;&nbsp;&nbsp;&nbsp;Garmin, Ltd. | 3848 | 972890 |
| &nbsp;&nbsp;&nbsp;Tesla, Inc.<sup>(a)</sup> | 1814 | 730153 |
| **Total Consumer Discretionary** |  | 2502950 |
| ***Financials (15.20%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Adyen NV<sup>(a)(b)(c)</sup> | 518 | 608886 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Express Co. | 2105 | 650235 |
| &nbsp;&nbsp;&nbsp;Block, Inc.<sup>(a)</sup> | 12747 | 811984 |
| &nbsp;&nbsp;&nbsp;Corpay, Inc.<sup>(a)</sup> | 2562 | 832905 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fidelity National Information Services, Inc. | 12059 | 614527 |
| &nbsp;&nbsp;&nbsp;Fiserv, Inc.<sup>(a)</sup> | 11896 | 741002 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Payments, Inc. | 9897 | 756725 |
| &nbsp;&nbsp;&nbsp;GMO Payment Gateway, Inc.<sup>(d)</sup> | 13205 | 684159 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jack Henry & Associates, Inc. | 4332 | 703777 |
| &nbsp;&nbsp;&nbsp;LendingTree, Inc.<sup>(a)(d)</sup> | 14495 | 541678 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A | 1440 | 744782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Moody's Corp. | 1669 | 797098 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pagseguro Digital, Ltd., Class A | 79343 | 841829 |
| &nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings, Inc. | 13144 | 607384 |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Global, Inc. | 1630 | 720264 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc., Class A | 2347 | 751369 |
| **Total Financials** |  | 11408604 |
| ***Health Care (12.08%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Align Technology, Inc.<sup>(a)</sup> | 4949 | 940804 |
| &nbsp;&nbsp;&nbsp;Boston Scientific Corp.<sup>(a)</sup> | 8839 | 679277 |
| &nbsp;&nbsp;&nbsp;Dexcom, Inc.<sup>(a)</sup> | 11763 | 863757 |
| &nbsp;&nbsp;&nbsp;Globus Medical, Inc.<sup>(a)</sup> | 9123 | 870882 |
| &nbsp;&nbsp;&nbsp;HealthEquity, Inc.<sup>(a)</sup> | 8327 | 636932 |
| &nbsp;&nbsp;&nbsp;Hologic, Inc.<sup>(a)</sup> | 10837 | 816676 |
| &nbsp;&nbsp;&nbsp;Insulet Corp.<sup>(a)</sup> | 2755 | 679411 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical, Inc.<sup>(a)</sup> | 1481 | 745698 |
| &nbsp;&nbsp;&nbsp;PROCEPT BioRobotics Corp.<sup>(a)(d)</sup> | 22506 | 510661 |
| &nbsp;&nbsp;&nbsp;&nbsp;ResMed, Inc. | 3211 | 822851 |
| &nbsp;&nbsp;&nbsp;Smith & Nephew PLC, Sponsored ADR<sup>(d)</sup> | 24729 | 912500 |
| &nbsp;&nbsp;&nbsp;Tempus AI, Inc.<sup>(a)(d)</sup> | 10980 | 584685 |
| **Total Health Care** |  | 9064134 |
| ***Industrials (17.18%)*** |  |  |
| &nbsp;&nbsp;&nbsp;AeroVironment, Inc.<sup>(a)(d)</sup> | 3247 | 819056 |
| &nbsp;&nbsp;&nbsp;AutoStore Holdings, Ltd.<sup>(a)(b)(c)</sup> | 716144 | 820964 |
| &nbsp;&nbsp;&nbsp;&nbsp;Experian PLC | 18224 | 684232 |
| &nbsp;&nbsp;&nbsp;&nbsp;FANUC Corp. | 21013 | 957100 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Industrials (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldwind Science & Technology Co., Ltd., Class H | 475400 | $940664 |
| &nbsp;&nbsp;&nbsp;Proto Labs, Inc.<sup>(a)</sup> | 16930 | 1051015 |
| &nbsp;&nbsp;&nbsp;RELX PLC, Sponsored ADR<sup>(d)</sup> | 20131 | 700357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schneider Electric SE | 2885 | 943247 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sensata Technologies Holding PLC | 22524 | 841046 |
| &nbsp;&nbsp;&nbsp;&nbsp;SS&C Technologies Holdings, Inc. | 9312 | 701100 |
| &nbsp;&nbsp;&nbsp;Stratasys, Ltd.<sup>(a)</sup> | 95442 | 919106 |
| &nbsp;&nbsp;&nbsp;Thomson Reuters Corp.<sup>(d)</sup> | 6141 | 591252 |
| &nbsp;&nbsp;&nbsp;&nbsp;TransUnion | 9455 | 742690 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verisk Analytics, Inc. | 3749 | 778181 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vestas Wind Systems A/S | 30357 | 779856 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wolters Kluwer NV | 7781 | 626113 |
| **Total Industrials** |  | 12895979 |
| ***Information Technology (45.17%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe, Inc.<sup>(a)</sup> | 2313 | 606954 |
| &nbsp;&nbsp;&nbsp;Alarm.com Holdings, Inc.<sup>(a)</sup> | 15366 | 735263 |
| &nbsp;&nbsp;&nbsp;Allegro MicroSystems, Inc.<sup>(a)(d)</sup> | 28470 | 1038301 |
| &nbsp;&nbsp;&nbsp;Autodesk, Inc.<sup>(a)</sup> | 2995 | 736381 |
| &nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc.<sup>(a)</sup> | 2685 | 809258 |
| &nbsp;&nbsp;&nbsp;Check Point Software Technologies, Ltd.<sup>(a)(d)</sup> | 4085 | 621206 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cognex Corp. | 21987 | 1196093 |
| &nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 1567 | 582893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dassault Systemes SE | 33132 | 726210 |
| &nbsp;&nbsp;&nbsp;Datadog, Inc., Class A<sup>(a)</sup> | 5411 | 605816 |
| &nbsp;&nbsp;&nbsp;Dynatrace, Inc.<sup>(a)</sup> | 17909 | 643291 |
| &nbsp;&nbsp;&nbsp;First Solar, Inc.<sup>(a)</sup> | 2972 | 586078 |
| &nbsp;&nbsp;&nbsp;Fortinet, Inc.<sup>(a)</sup> | 9831 | 776944 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gen Digital, Inc. | 29190 | 658818 |
| &nbsp;&nbsp;&nbsp;Guidewire Software, Inc.<sup>(a)</sup> | 3965 | 576194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intuit, Inc. | 1198 | 490018 |
| &nbsp;&nbsp;&nbsp;Itron, Inc.<sup>(a)(d)</sup> | 8252 | 775275 |
| &nbsp;&nbsp;&nbsp;&nbsp;Keyence Corp. | 2382 | 1007620 |
| &nbsp;&nbsp;&nbsp;Nebius Group NV<sup>(a)(d)</sup> | 8600 | 784235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nemetschek SE | 8303 | 665174 |
| &nbsp;&nbsp;&nbsp;Okta, Inc.<sup>(a)</sup> | 8951 | 648948 |
| &nbsp;&nbsp;&nbsp;Omron Corp.<sup>(d)</sup> | 31050 | 1103893 |
| &nbsp;&nbsp;&nbsp;Open Text Corp.<sup>(d)</sup> | 24272 | 601218 |
| &nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc.<sup>(a)</sup> | 8139 | 1212059 |
| &nbsp;&nbsp;&nbsp;PTC, Inc.<sup>(a)</sup> | 5062 | 792658 |
| &nbsp;&nbsp;&nbsp;Qorvo, Inc.<sup>(a)</sup> | 9069 | 751820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Renishaw PLC | 19271 | 1116738 |
| &nbsp;&nbsp;&nbsp;Rubrik, Inc.<sup>(a)</sup> | 9312 | 483852 |
| &nbsp;&nbsp;&nbsp;SailPoint, Inc.<sup>(a)(d)</sup> | 37298 | 525902 |
| &nbsp;&nbsp;&nbsp;&nbsp;Salesforce, Inc. | 3090 | 601901 |
| &nbsp;&nbsp;&nbsp;Samsara, Inc., Class A<sup>(a)</sup> | 18493 | 534448 |
| &nbsp;&nbsp;&nbsp;&nbsp;SAP SE, Sponsored ADR | 3279 | 660817 |
| &nbsp;&nbsp;&nbsp;SenseTime Group, Inc.<sup>(a)(b)(c)(d)</sup> | 2991000 | 978726 |
| &nbsp;&nbsp;&nbsp;ServiceNow, Inc.<sup>(a)</sup> | 4674 | 504839 |
| &nbsp;&nbsp;&nbsp;Silicon Laboratories, Inc.<sup>(a)</sup> | 5670 | 1159685 |
| &nbsp;&nbsp;&nbsp;&nbsp;Skyworks Solutions, Inc. | 11882 | 707930 |
| &nbsp;&nbsp;&nbsp;Snowflake, Inc., Class A<sup>(a)</sup> | 3676 | 619075 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Information Technology (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;SolarEdge Technologies, Inc.<sup>(a)(d)</sup> | 25324 | $896470 |
| &nbsp;&nbsp;&nbsp;SoundHound AI, Inc.<sup>(a)(d)</sup> | 67405 | 579683 |
| &nbsp;&nbsp;&nbsp;Synopsys, Inc.<sup>(a)</sup> | 1888 | 781632 |
| &nbsp;&nbsp;&nbsp;&nbsp;Temenos AG | 8517 | 792047 |
| &nbsp;&nbsp;&nbsp;Workday, Inc., Class A<sup>(a)</sup> | 3619 | 484077 |
| &nbsp;&nbsp;&nbsp;Xero, Ltd.<sup>(a)</sup> | 10722 | 634382 |
| &nbsp;&nbsp;&nbsp;Xinyi Solar Holdings, Ltd.<sup>(d)</sup> | 2120000 | 937597 |
| &nbsp;&nbsp;&nbsp;Zoom Communications, Inc., Class A<sup>(a)</sup> | 8986 | 664425 |
| &nbsp;&nbsp;&nbsp;Zscaler, Inc.<sup>(a)</sup> | 3350 | 492417 |
| **Total Information Technology** |  | 33889261 |
| ***Real Estate (1.40%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Equinix, Inc. | 1077 | 1049278 |
| ***Utilities (3.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;China Longyuan Power Group Corp., Ltd., Class H<sup>(d)</sup> | 927000 | 896974 |
| &nbsp;&nbsp;&nbsp;Enlight Renewable Energy, Ltd.<sup>(a)</sup> | 20325 | 1391723 |
| **Total Utilities** |  | 2288697 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $70,319,174) |  | 73928299 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **MASTER LIMITED PARTNERSHIPS (1.22%)** |  |  |
| ***Utilities (1.22%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brookfield Renewable Partners LP | 28774 | $914870 |
| **TOTAL MASTER LIMITED PARTNERSHIPS** |  |  |
| (Cost $791,369) |  | 914870 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (7.26%)** | **SHORT TERM INVESTMENTS (7.26%)** | **SHORT TERM INVESTMENTS (7.26%)** | **SHORT TERM INVESTMENTS (7.26%)** |
| **Money Market Fund (0.26%)** | **Money Market Fund (0.26%)** | **Money Market Fund (0.26%)** | **Money Market Fund (0.26%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $189,077) | 3.63% | 189077 | $189077 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield (continued)** | **Shares (continued)** | **Value (continued)** |
| **Investments Purchased with Collateral from Securities Loaned (7.00%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $5,254,943) |  | 5254943 | $5254943 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $5,444,020) |  |  | 5444020 |
| **TOTAL INVESTMENTS (107.01%)** | **TOTAL INVESTMENTS (107.01%)** | **TOTAL INVESTMENTS (107.01%)** | **TOTAL INVESTMENTS (107.01%)** |
| (Cost $76,554,563) |  |  | $80287189 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-7.01%)** |  |  | (5255465) |
| **NET ASSETS - 100.00%** |  |  | $75031724 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $2,408,575, representing 3.21% of net assets.*

*<sup>(c)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $2,408,575, representing 3.21% of net assets.*

*<sup>(d)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $11,272,449.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Dynamic Core Income ETF (formerly, RiverFront Dynamic Core Income ETF)

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| **CORPORATE BONDS (*70.76%*)** |  |  |
| ***Communications (2.32%)*** |  |  |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.168%, 01/15/2037<sup>(a)</sup> | $149000 | $150084 |
| Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.750%, 01/15/2033 | 218000 | 221149 |
| **Total Communications** |  | 371233 |
| ***Consumer Discretionary (15.76%)*** |  |  |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.050%, 07/10/2031 | 180000 | 186702 |
| Ford Motor Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;9.625%, 04/22/2030 | 203000 | 237251 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.350%, 11/04/2027 | 336000 | 350671 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.400%, 01/09/2033 | 504000 | 548690 |
| Goodyear Tire & Rubber Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.875%, 03/15/2027 | 148000 | 147702 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.750%, 04/23/2030 | 504000 | 529710 |
| Lennar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.200%, 07/30/2030 | 180000 | 186457 |
| Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, 04/15/2028<sup>(b)</sup> | 337000 | 338096 |
| **Total Consumer Discretionary** |  | 2525279 |
| ***Energy (11.36%)*** |  |  |
| Columbia Pipelines Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.999%, 11/17/2032<sup>(a)</sup> | 226000 | 230620 |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp;4.250%, 02/15/2030<sup>(a)</sup> | 148000 | 145177 |
| Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;6.625%, 12/15/2028<sup>(a)</sup> | 587000 | 605458 |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2033 | 176000 | 178912 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.400%, 10/15/2035 | 176000 | 179773 |
| Phillips 66 Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.250%, 06/15/2031 | 291000 | 304744 |
| Williams Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.300%, 09/30/2035 | 170000 | 174681 |
| **Total Energy** |  | 1819365 |
| ***Financials (14.63%)*** |  |  |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.250%, 10/22/2026 | 205000 | 205336 |
| &nbsp;&nbsp;&nbsp;5Y US TI + 3.23%<sup>(c)(d)</sup> | 364000 | 369117 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.450%, 09/29/2027 | 267000 | 268689 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.625%, 06/15/2032 | 90000 | 100299 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Financials (continued)*** |  |  |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1D US SOFR + 1.135%, 10/23/2030<sup>(c)</sup> | $242000 | $245981 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.875%, 09/15/2027<sup>(a)</sup> | 286000 | 286064 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.250%, 10/01/2027 | 175000 | 176302 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5Y US TI + 3.238%<sup>(c)(d)</sup> | 364000 | 370810 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/01/2027 | 311000 | 321971 |
| **Total Financials** |  | 2344569 |
| ***Health Care (1.31%)*** |  |  |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.300%, 03/25/2028 | 62000 | 62394 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.375%, 09/01/2026 | 148000 | 148168 |
| **Total Health Care** |  | 210562 |
| ***Industrials (6.05%)*** |  |  |
| Ingersoll Rand, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.700%, 08/14/2033 | 504000 | 539504 |
| Johnson Controls International PLC / Tyco Fire & Security Finance SCA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.900%, 12/01/2032 | 206000 | 211931 |
| Textron, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/15/2035 | 206000 | 217249 |
| **Total Industrials** |  | 968684 |
| ***Materials (1.79%)*** |  |  |
| DuPont de Nemours, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.725%, 11/15/2028<sup>(a)</sup> | 67000 | 67956 |
| PPG Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.375%, 03/15/2031 | 218000 | 219492 |
| **Total Materials** |  | 287448 |
| ***Technology (7.94%)*** |  |  |
| Concentrix Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.850%, 08/02/2033 | 504000 | 484899 |
| Dell International LLC / EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.750%, 10/06/2032 | 176000 | 177696 |
| Flex, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.250%, 01/15/2032 | 206000 | 211562 |
| HP, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.400%, 04/25/2030 | 180000 | 186618 |
| Microchip Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.050%, 02/15/2030 | 206000 | 211586 |
| **Total Technology** |  | 1272361 |
| ***Utilities (9.60%)*** |  |  |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.250%, 06/01/2028 | 337000 | 339477 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.950%, 09/15/2035 | 218000 | 218545 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Utilities (continued)*** |  |  |
| Public Service Enterprise Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.850%, 11/15/2027 | $336000 | $346660 |
| Southern California Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.200%, 06/01/2033 | 297000 | 309647 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.750%, 10/15/2031<sup>(a)</sup> | 307000 | 324569 |
| **Total Utilities** |  | 1538898 |
| **TOTAL CORPORATE BONDS** |  |  |
| (Cost $11,098,986) |  | 11338399 |
| **GOVERNMENT BONDS (*26.09%*)** |  |  |
| Mexico Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/13/2030 | 151000 | 158414 |
| United States Treasury Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.375%, 05/15/2034 | 809000 | 840064 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/15/2037 | 364000 | 388940 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/15/2043 | 1827000 | 1881096 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2052 | 661000 | 594087 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.625%, 05/15/2053 | 379000 | 318079 |
| **TOTAL GOVERNMENT BONDS** |  |  |
| (Cost $4,284,809) |  | 4180680 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (1.87%)** | **SHORT TERM INVESTMENTS (1.87%)** | **SHORT TERM INVESTMENTS (1.87%)** | **SHORT TERM INVESTMENTS (1.87%)** |
| **Money Market Fund (1.87%)** | **Money Market Fund (1.87%)** | **Money Market Fund (1.87%)** | **Money Market Fund (1.87%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) | 3.63% | 299585 | $299585 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $299,585) |  |  | 299585 |
| **TOTAL INVESTMENTS (98.72%)** | **TOTAL INVESTMENTS (98.72%)** | **TOTAL INVESTMENTS (98.72%)** | **TOTAL INVESTMENTS (98.72%)** |
| (Cost $15,683,380) |  |  | $15818664 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES (1.28%)** |  |  | 204727 |
| **NET ASSETS - 100.00%** |  |  | $16023391 |

---

**Investment Abbreviations:**

SOFR - Secured Overnight Financing Rate

TI - Treasury Index

**Reference Rates:**

1D US SOFR - 1 Day SOFR as of February 28, 2026 was 3.68%

5Y US TI - 5 Year US TI as of February 28, 2026 was 3.51%

*<sup>(a)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $1,809,928, representing 11.30% of net assets.*

*<sup>(b)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $338,096, representing 2.11% of net assets.*

*<sup>(c)</sup>* *Floating or variable rate security. Interest rate resets periodically on specific dates. The rate shown represents the coupon or interest rate in effect as of February 28, 2026. Security description includes the reference rate and spread if published and available.*

*<sup>(d)</sup>* *Securities are perpetual and thus do not have a predetermined maturity date.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Dynamic US Dividend Advantage ETF (formerly, Riverfront Dynamic US Dividend Advantage ETF)

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (97.94%)** |  |  |
| ***Communication Services (5.63%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | 3416 | $1064972 |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class C | 9846 | 3066340 |
| &nbsp;&nbsp;&nbsp;&nbsp;TEGNA, Inc. | 26419 | 553478 |
| **Total Communication Services** |  | 4684790 |
| ***Consumer Discretionary (9.62%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 15407 | 3235470 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ethan Allen Interiors, Inc. | 15458 | 352133 |
| &nbsp;&nbsp;&nbsp;&nbsp;H&R Block, Inc. | 21624 | 662127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Perdoceo Education Corp. | 66413 | 2214873 |
| &nbsp;&nbsp;&nbsp;&nbsp;TJX Cos., Inc. | 7698 | 1244459 |
| &nbsp;&nbsp;&nbsp;&nbsp;Upbound Group, Inc. | 13399 | 287409 |
| **Total Consumer Discretionary** |  | 7996471 |
| ***Consumer Staples (2.87%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group, Inc. | 11050 | 762892 |
| &nbsp;&nbsp;&nbsp;B&G Foods, Inc.<sup>(b)</sup> | 100994 | 536278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Co. | 7410 | 604360 |
| &nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International, Inc. | 2580 | 482021 |
| **Total Consumer Staples** |  | 2385551 |
| ***Energy (8.44%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corp. | 79928 | 1796781 |
| &nbsp;&nbsp;&nbsp;Crescent Energy Co.<sup>(b)</sup> | 73736 | 859762 |
| &nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corp. | 7985 | 347587 |
| &nbsp;&nbsp;&nbsp;&nbsp;EOG Resources, Inc. | 8114 | 1006785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corp. | 6987 | 1065518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc. | 40608 | 1351028 |
| &nbsp;&nbsp;&nbsp;VAALCO Energy, Inc.<sup>(b)</sup> | 114879 | 591627 |
| **Total Energy** |  | 7019088 |
| ***Financials (17.40%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fidelity National Information Services, Inc. | 13766 | 701515 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Financial Corp. | 15360 | 973210 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Horizon National Corp. | 39527 | 940347 |
| &nbsp;&nbsp;&nbsp;&nbsp;FNB Corp. | 27603 | 468975 |
| &nbsp;&nbsp;&nbsp;Fulton Financial Corp.<sup>(b)</sup> | 26672 | 545442 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hanmi Financial Corp. | 34772 | 907897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Heritage Commerce Corp. | 66406 | 825427 |
| &nbsp;&nbsp;&nbsp;&nbsp;Huntington Bancshares, Inc. | 36626 | 615317 |
| &nbsp;&nbsp;&nbsp;&nbsp;Old Republic International Corp. | 32599 | 1397519 |
| &nbsp;&nbsp;&nbsp;&nbsp;OneMain Holdings, Inc. | 10828 | 595757 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ready Capital Corp. | 36304 | 67162 |
| &nbsp;&nbsp;&nbsp;&nbsp;Starwood Property Trust, Inc. | 15054 | 268112 |
| &nbsp;&nbsp;&nbsp;&nbsp;TrustCo Bank Corp. NY | 19510 | 846149 |
| &nbsp;&nbsp;&nbsp;&nbsp;Universal Insurance Holdings, Inc. | 34538 | 1214701 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | 24750 | 1352835 |
| &nbsp;&nbsp;&nbsp;Valley National Bancorp<sup>(b)</sup> | 51955 | 655152 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Financials (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc., Class A | 3104 | $993715 |
| &nbsp;&nbsp;&nbsp;&nbsp;Washington Trust Bancorp, Inc. | 21618 | 728310 |
| &nbsp;&nbsp;&nbsp;Western Union Co.<sup>(b)</sup> | 38974 | 375320 |
| **Total Financials** |  | 14472862 |
| ***Health Care (1.47%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amgen, Inc. | 1778 | 690148 |
| &nbsp;&nbsp;&nbsp;National Research Corp.<sup>(b)</sup> | 39826 | 534067 |
| **Total Health Care** |  | 1224215 |
| ***Industrials (7.19%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apogee Enterprises, Inc. | 12879 | 512842 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deluxe Corp. | 36283 | 1006853 |
| &nbsp;&nbsp;&nbsp;&nbsp;Genco Shipping & Trading, Ltd. | 36273 | 872365 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin Corp. | 986 | 648867 |
| &nbsp;&nbsp;&nbsp;&nbsp;MSC Industrial Direct Co. Inc, Class A, Class A | 5007 | 469857 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex, Inc. | 3578 | 335080 |
| &nbsp;&nbsp;&nbsp;Pitney Bowes, Inc.<sup>(b)</sup> | 132862 | 1425609 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trane Technologies PLC | 1540 | 711973 |
| **Total Industrials** |  | 5983446 |
| ***Information Technology (32.60%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | 26011 | 6871586 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems, Inc. | 22566 | 1793094 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise Co. | 62900 | 1350463 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Business Machines Corp. | 6202 | 1489782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 13656 | 5363258 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 53608 | 9498802 |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc. | 5222 | 743404 |
| **Total Information Technology** |  | 27110389 |
| ***Materials (3.28%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Greif, Inc.<sup>(b)</sup> | 6376 | 557135 |
| &nbsp;&nbsp;&nbsp;&nbsp;Myers Industries, Inc. | 60234 | 1347434 |
| &nbsp;&nbsp;&nbsp;Ramaco Resources, Inc.<sup>(a)(b)</sup> | 54910 | 824322 |
| **Total Materials** |  | 2728891 |
| ***Real Estate (5.69%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Camden Property Trust | 3890 | 421442 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chiron Real Estate, Inc. | 18252 | 632067 |
| &nbsp;&nbsp;&nbsp;Curbline Properties Corp.<sup>(b)</sup> | 20470 | 569271 |
| &nbsp;&nbsp;&nbsp;&nbsp;Invitation Homes, Inc. | 13234 | 348583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Medical Properties Trust, Inc. | 99293 | 571928 |
| &nbsp;&nbsp;&nbsp;&nbsp;Piedmont Realty Trust, Inc., Class A | 31791 | 241294 |
| &nbsp;&nbsp;&nbsp;SITE Centers Corp.<sup>(b)</sup> | 10050 | 61908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tanger, Inc. | 26338 | 976086 |
| &nbsp;&nbsp;&nbsp;&nbsp;Universal Health Realty Income Trust | 20826 | 908430 |
| **Total Real Estate** |  | 4731009 |
| ***Utilities (3.75%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Clearway Energy, Inc., Class C<sup>(b)</sup> | 39060 | 1496389 |
| &nbsp;&nbsp;&nbsp;&nbsp;Evergy, Inc. | 6754 | 565040 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Utilities (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group, Inc. | 12294 | $1058144 |
| **Total Utilities** |  | 3119573 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $63,032,860) |  | 81456285 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (7.64%)** | **SHORT TERM INVESTMENTS (7.64%)** | **SHORT TERM INVESTMENTS (7.64%)** | **SHORT TERM INVESTMENTS (7.64%)** |
| **Money Market Fund (2.02%)** | **Money Market Fund (2.02%)** | **Money Market Fund (2.02%)** | **Money Market Fund (2.02%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $1,680,629) | 3.63% | 1680629 | $1680629 |
| **Investments Purchased with Collateral from Securities Loaned (5.62%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $4,675,971) |  | 4675971 | 4675971 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $6,356,600) |  |  | 6356600 |
| **TOTAL INVESTMENTS (105.58%)** | **TOTAL INVESTMENTS (105.58%)** | **TOTAL INVESTMENTS (105.58%)** | **TOTAL INVESTMENTS (105.58%)** |
| (Cost $69,389,460) |  |  | $87812885 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-5.58%)** |  |  | (4645046) |
| **NET ASSETS - 100.00%** |  |  | $83167839 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $7,880,215.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Electrification Infrastructure ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.75%)** |  |  |
| ***Consumer Discretionary (0.48%)*** |  |  |
| &nbsp;&nbsp;&nbsp;QuantumScape Corp.<sup>(a)(b)</sup> | 101540 | $702657 |
| ***Energy (14.78%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corp. | 71907 | 1616469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cameco Corp. | 13578 | 1607634 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy, Inc. | 6778 | 1597778 |
| &nbsp;&nbsp;&nbsp;&nbsp;DT Midstream, Inc. | 10903 | 1513773 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enbridge, Inc. | 27397 | 1455877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc. | 48388 | 1609869 |
| &nbsp;&nbsp;&nbsp;NexGen Energy, Ltd.<sup>(a)(b)</sup> | 137723 | 1760099 |
| &nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc. | 17685 | 1463787 |
| &nbsp;&nbsp;&nbsp;Pembina Pipeline Corp.<sup>(b)</sup> | 33142 | 1457917 |
| &nbsp;&nbsp;&nbsp;South Bow Corp.<sup>(b)</sup> | 47217 | 1520860 |
| &nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corp. | 6979 | 1645649 |
| &nbsp;&nbsp;&nbsp;&nbsp;TC Energy Corp. | 23867 | 1536319 |
| &nbsp;&nbsp;&nbsp;Uranium Energy Corp.<sup>(a)</sup> | 91735 | 1406298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams Cos., Inc. | 21309 | 1592208 |
| **Total Energy** |  | 21784537 |
| ***Industrials (29.30%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Acuity, Inc. | 3477 | 1048628 |
| &nbsp;&nbsp;&nbsp;&nbsp;AECOM | 12980 | 1271780 |
| &nbsp;&nbsp;&nbsp;&nbsp;AMETEK, Inc. | 6398 | 1530530 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argan, Inc. | 3940 | 1777925 |
| &nbsp;&nbsp;&nbsp;Bloom Energy Corp., Class A<sup>(a)</sup> | 11898 | 1852161 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comfort Systems USA, Inc. | 1288 | 1841028 |
| &nbsp;&nbsp;&nbsp;Dycom Industries, Inc.<sup>(a)</sup> | 3574 | 1501151 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Corp. PLC | 3689 | 1386768 |
| &nbsp;&nbsp;&nbsp;&nbsp;EMCOR Group, Inc. | 2041 | 1478949 |
| &nbsp;&nbsp;&nbsp;&nbsp;Emerson Electric Co. | 9273 | 1397905 |
| &nbsp;&nbsp;&nbsp;&nbsp;EnerSys | 8560 | 1422244 |
| &nbsp;&nbsp;&nbsp;Fluor Corp.<sup>(a)</sup> | 28903 | 1511916 |
| &nbsp;&nbsp;&nbsp;&nbsp;GE Vernova, Inc. | 1835 | 1603056 |
| &nbsp;&nbsp;&nbsp;Generac Holdings, Inc.<sup>(a)</sup> | 7742 | 1744815 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hubbell, Inc. | 2803 | 1434099 |
| &nbsp;&nbsp;&nbsp;IES Holdings, Inc.<sup>(a)(b)</sup> | 2723 | 1348838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jacobs Solutions, Inc. | 9545 | 1315874 |
| &nbsp;&nbsp;&nbsp;MasTec, Inc.<sup>(a)</sup> | 5575 | 1661462 |
| &nbsp;&nbsp;&nbsp;Nextpower, Inc.<sup>(a)</sup> | 13846 | 1455215 |
| &nbsp;&nbsp;&nbsp;NuScale Power Corp.<sup>(a)</sup> | 61180 | 786163 |
| &nbsp;&nbsp;&nbsp;&nbsp;nVent Electric PLC | 11954 | 1414875 |
| &nbsp;&nbsp;&nbsp;&nbsp;Primoris Services Corp. | 9460 | 1425811 |
| &nbsp;&nbsp;&nbsp;&nbsp;Quanta Services, Inc. | 2783 | 1567052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regal Rexnord Corp. | 8497 | 1877666 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rockwell Automation, Inc. | 3154 | 1285097 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Industrials (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure, Inc.<sup>(a)</sup> | 3820 | $1635457 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tetra Tech, Inc. | 37306 | 1337047 |
| &nbsp;&nbsp;&nbsp;&nbsp;Valmont Industries, Inc. | 3062 | 1408306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vertiv Holdings Co. | 7249 | 1847698 |
| **Total Industrials** |  | 43169516 |
| ***Information Technology (12.64%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amphenol Corp., Class A | 9281 | 1355583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Badger Meter, Inc. | 7103 | 1082710 |
| &nbsp;&nbsp;&nbsp;&nbsp;Belden, Inc. | 10354 | 1483728 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cognex Corp. | 35165 | 1912976 |
| &nbsp;&nbsp;&nbsp;Coherent Corp.<sup>(a)</sup> | 6538 | 1692884 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corning, Inc. | 13557 | 2038702 |
| &nbsp;&nbsp;&nbsp;First Solar, Inc.<sup>(a)</sup> | 4746 | 935911 |
| &nbsp;&nbsp;&nbsp;Itron, Inc.<sup>(a)</sup> | 13229 | 1242865 |
| &nbsp;&nbsp;&nbsp;Keysight Technologies, Inc.<sup>(a)</sup> | 6082 | 1869181 |
| &nbsp;&nbsp;&nbsp;&nbsp;Littelfuse, Inc. | 4752 | 1674890 |
| &nbsp;&nbsp;&nbsp;&nbsp;TE Connectivity PLC | 5330 | 1226700 |
| &nbsp;&nbsp;&nbsp;Trimble, Inc.<sup>(a)</sup> | 15599 | 1043105 |
| &nbsp;&nbsp;&nbsp;Zebra Technologies Corp.<sup>(a)</sup> | 4731 | 1059555 |
| **Total Information Technology** |  | 18618790 |
| ***Materials (4.60%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 26984 | 1837071 |
| &nbsp;&nbsp;&nbsp;Hudbay Minerals, Inc.<sup>(b)</sup> | 69752 | 1976074 |
| &nbsp;&nbsp;&nbsp;MP Materials Corp.<sup>(a)(b)</sup> | 21669 | 1275654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Teck Resources, Ltd., Class B | 28827 | 1697622 |
| **Total Materials** |  | 6786421 |
| ***Utilities (37.95%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AES Corp. | 92709 | 1602011 |
| &nbsp;&nbsp;&nbsp;&nbsp;Alliant Energy Corp. | 20004 | 1447089 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ameren Corp. | 13357 | 1513081 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Electric Power Co., Inc. | 11361 | 1520329 |
| &nbsp;&nbsp;&nbsp;&nbsp;Black Hills Corp. | 18040 | 1328826 |
| &nbsp;&nbsp;&nbsp;Brookfield Renewable Corp.<sup>(b)</sup> | 33250 | 1420773 |
| &nbsp;&nbsp;&nbsp;&nbsp;CenterPoint Energy, Inc. | 34765 | 1512278 |
| &nbsp;&nbsp;&nbsp;&nbsp;CMS Energy Corp. | 18643 | 1455459 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consolidated Edison, Inc. | 13566 | 1526446 |
| &nbsp;&nbsp;&nbsp;&nbsp;Constellation Energy Corp. | 3445 | 1136437 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dominion Energy, Inc. | 22297 | 1407833 |
| &nbsp;&nbsp;&nbsp;&nbsp;DTE Energy Co. | 9898 | 1467280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy Corp. | 11349 | 1485017 |
| &nbsp;&nbsp;&nbsp;&nbsp;Edison International | 22435 | 1676793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Entergy Corp. | 13874 | 1486044 |
| &nbsp;&nbsp;&nbsp;&nbsp;Evergy, Inc. | 17709 | 1481535 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eversource Energy | 19218 | 1464604 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exelon Corp. | 30089 | 1488503 |
| &nbsp;&nbsp;&nbsp;FirstEnergy Corp.<sup>(b)</sup> | 29448 | 1506560 |
| &nbsp;&nbsp;&nbsp;Fortis, Inc.<sup>(b)</sup> | 25831 | 1485283 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Utilities (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;IDACORP, Inc.<sup>(b)</sup> | 10306 | $1483755 |
| &nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy, Inc. | 15943 | 1494975 |
| &nbsp;&nbsp;&nbsp;&nbsp;NiSource, Inc. | 31182 | 1474909 |
| &nbsp;&nbsp;&nbsp;&nbsp;NRG Energy, Inc. | 7565 | 1353832 |
| &nbsp;&nbsp;&nbsp;OGE Energy Corp.<sup>(b)</sup> | 30488 | 1498180 |
| &nbsp;&nbsp;&nbsp;Oklo, Inc.<sup>(a)(b)</sup> | 12579 | 791848 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ormat Technologies, Inc. | 11296 | 1171395 |
| &nbsp;&nbsp;&nbsp;&nbsp;PG&E Corp. | 87535 | 1663165 |
| &nbsp;&nbsp;&nbsp;Pinnacle West Capital Corp.<sup>(b)</sup> | 14911 | 1495573 |
| &nbsp;&nbsp;&nbsp;Portland General Electric Co.<sup>(b)</sup> | 27280 | 1472029 |
| &nbsp;&nbsp;&nbsp;&nbsp;PPL Corp. | 38749 | 1510436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group, Inc. | 16421 | 1413355 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sempra | 14564 | 1402076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southern Co. | 15292 | 1489135 |
| &nbsp;&nbsp;&nbsp;Talen Energy Corp.<sup>(a)</sup> | 3511 | 1302476 |
| &nbsp;&nbsp;&nbsp;&nbsp;TXNM Energy, Inc. | 22259 | 1313726 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vistra Corp. | 7445 | 1294611 |
| &nbsp;&nbsp;&nbsp;&nbsp;WEC Energy Group, Inc. | 12520 | 1464339 |
| &nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy, Inc. | 17340 | 1445462 |
| **Total Utilities** |  | 55947458 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $122,399,838) |  | 147009379 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (8.72%)** | **SHORT TERM INVESTMENTS (8.72%)** | **SHORT TERM INVESTMENTS (8.72%)** | **SHORT TERM INVESTMENTS (8.72%)** |
| **Money Market Fund (0.14%)** | **Money Market Fund (0.14%)** | **Money Market Fund (0.14%)** | **Money Market Fund (0.14%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $200,293) | 3.63% | 200293 | $200293 |
| **Investments Purchased with Collateral from Securities Loaned (8.58%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $12,650,753) |  | 12650753 | 12650753 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $12,851,046) |  |  | 12851046 |
| **TOTAL INVESTMENTS (108.47%)** | **TOTAL INVESTMENTS (108.47%)** | **TOTAL INVESTMENTS (108.47%)** | **TOTAL INVESTMENTS (108.47%)** |
| (Cost $135,250,884) |  |  | $159860425 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-8.47%)** |  |  | (12488806) |
| **NET ASSETS - 100.00%** |  |  | $147371619 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $15,373,779.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Emerging Sector Dividend Dogs ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (95.15%)** |  |  |
| ***Brazil (8.20%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Axia Energia | 56600 | $676462 |
| &nbsp;&nbsp;&nbsp;&nbsp;BB Seguridade Participacoes SA | 80900 | 547276 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cia Energetica de Minas Gerais | 258600 | 608857 |
| &nbsp;&nbsp;&nbsp;&nbsp;MBRF Global Foods Co. SA | 144780 | 584034 |
| **Total Brazil** |  | 2416629 |
| ***Chile (5.45%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Empresas CMPC SA | 324123 | 480212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Empresas COPEC SA | 68172 | 562611 |
| &nbsp;&nbsp;&nbsp;&nbsp;Falabella SA | 75600 | 561335 |
| **Total Chile** |  | 1604158 |
| ***China (8.23%)*** |  |  |
| &nbsp;&nbsp;&nbsp;China Feihe, Ltd.<sup>(a)(b)(c)</sup> | 1002000 | 486694 |
| &nbsp;&nbsp;&nbsp;&nbsp;China Shenhua Energy Co., Ltd., Class H | 106000 | $609167 |
| &nbsp;&nbsp;&nbsp;COSCO SHIPPING Holdings Co., Ltd.<sup>(b)</sup> | 301500 | 585010 |
| &nbsp;&nbsp;&nbsp;&nbsp;Yankuang Energy Group Co., Ltd., Class H | 415400 | 743360 |
| **Total China** |  | 2424231 |
| ***Colombia (3.96%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cementos Argos SA | 186706 | 592164 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interconexion Electrica SA ESP | 78218 | 573293 |
| **Total Colombia** |  | 1165457 |
| ***Great Britain (2.78%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Anglogold Ashanti PLC | 6416 | 819772 |
| ***Hong Kong (1.71%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;China State Construction International Holdings, Ltd. | 424000 | 503484 |
| ***Hungary (6.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Magyar Telekom Telecommunications PLC<sup>(d)</sup> | 98316 | 667441 |
| &nbsp;&nbsp;&nbsp;&nbsp;Richter Gedeon Nyrt | 29904 | 1119604 |
| **Total Hungary** |  | 1787045 |
| ***India (10.35%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Dr Reddy's Laboratories, Ltd., ADR<sup>(b)</sup> | 63236 | 909334 |
| &nbsp;&nbsp;&nbsp;Infosys, Ltd., Sponsored ADR<sup>(b)</sup> | 74771 | 1079693 |
| &nbsp;&nbsp;&nbsp;Wipro, Ltd., ADR<sup>(b)</sup> | 478055 | 1061282 |
| **Total India** |  | 3050309 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Indonesia (9.51%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alamtri Resources Indonesia Tbk PT | 4960100 | $692313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank Mandiri Persero Tbk PT | 1831900 | 576396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank Rakyat Indonesia Persero Tbk PT | 2432100 | 567224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Telkom Indonesia Persero Tbk PT | 2487100 | 525162 |
| &nbsp;&nbsp;&nbsp;&nbsp;XLSMART Telecom Sejahtera Tbk PT | 2329600 | 440491 |
| **Total Indonesia** |  | 2801586 |
| ***Malaysia (10.73%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MISC Bhd | 287800 | 596902 |
| &nbsp;&nbsp;&nbsp;MR DIY Group M Bhd<sup>(a)(c)</sup> | 1460400 | 671837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Petronas Dagangan Bhd | 112600 | 636070 |
| &nbsp;&nbsp;&nbsp;&nbsp;Petronas Gas Bhd | 123000 | 567741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sime Darby Bhd | 1098800 | 689044 |
| **Total Malaysia** |  | 3161594 |
| ***Mexico (8.70%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Banco del Bajio SA<sup>(a)(b)(c)</sup> | 190946 | 638408 |
| &nbsp;&nbsp;&nbsp;Grupo Aeroportuario del Sureste SAB de CV, ADR<sup>(b)</sup> | 1673 | 601728 |
| &nbsp;&nbsp;&nbsp;&nbsp;Grupo Mexico SAB de CV, Series B | 55440 | 705088 |
| &nbsp;&nbsp;&nbsp;Kimberly-Clark de Mexico SAB de CV, Class A<sup>(b)</sup> | 246300 | 618253 |
| **Total Mexico** |  | 2563477 |
| ***Philippines (6.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Globe Telecom, Inc. | 20130 | 607409 |
| &nbsp;&nbsp;&nbsp;&nbsp;Manila Electric Co. | 53100 | 587493 |
| &nbsp;&nbsp;&nbsp;&nbsp;PLDT, Inc. | 24390 | 592144 |
| **Total Philippines** |  | 1787046 |
| ***Russia (0.00%)<sup>(e)</sup>*** |  |  |
| &nbsp;&nbsp;&nbsp;Mobile TeleSystems PJSC, Sponsored ADR<sup>(d)(f)(g)</sup> | 64600 | 646 |
| &nbsp;&nbsp;&nbsp;Novolipetsk Steel PJSC, GDR<sup>(c)(d)(f)(g)</sup> | 17594 | 176 |
| &nbsp;&nbsp;&nbsp;Severstal PAO, GDR<sup>(c)(d)(f)(g)</sup> | 23283 | 233 |
| &nbsp;&nbsp;&nbsp;X5 Retail Group NV, GDR<sup>(c)(d)(f)(g)</sup> | 17785 | 178 |
| **Total Russia** |  | 1233 |
| ***South Africa (1.95%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mr Price Group, Ltd. | 50032 | 575578 |
| ***Thailand (11.44%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bangkok Dusit Medical Services PCL | 1390000 | 970339 |
| &nbsp;&nbsp;&nbsp;&nbsp;Charoen Pokphand Foods PCL | 817500 | 552276 |
| &nbsp;&nbsp;&nbsp;&nbsp;PTT Exploration & Production PCL | 155400 | 684890 |
| &nbsp;&nbsp;&nbsp;&nbsp;PTT PCL | 536200 | 638231 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Thailand (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Thai Beverage PCL<sup>(b)</sup> | 1442600 | $524623 |
| **Total Thailand** |  | 3370359 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $26,474,356) |  | 28031958 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCK (4.22%)** |  |  |
| ***Brazil (2.35%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Itausa SA<sup>(d)</sup> | 249400 | 694224 |
| ***Colombia (1.87%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Grupo Argos SA/Colombia | 155136 | 549922 |
| **TOTAL PREFERRED STOCK** |  |  |
| (Cost $1,028,314) |  | 1244146 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (12.87%)** | **SHORT TERM INVESTMENTS (12.87%)** | **SHORT TERM INVESTMENTS (12.87%)** | **SHORT TERM INVESTMENTS (12.87%)** |
| **Money Market Fund (0.16%)** | **Money Market Fund (0.16%)** | **Money Market Fund (0.16%)** | **Money Market Fund (0.16%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $48,418) | 3.63% | 48418 | $48418 |
| **Investments Purchased with Collateral from Securities Loaned (12.71%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $3,743,293) |  | 3743293 | 3743293 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $3,791,711) |  |  | 3791711 |
| **TOTAL INVESTMENTS (112.24%)** | **TOTAL INVESTMENTS (112.24%)** | **TOTAL INVESTMENTS (112.24%)** | **TOTAL INVESTMENTS (112.24%)** |
| (Cost $31,294,381) |  |  | $33067815 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-12.24%)** |  |  | (3606169) |
| **NET ASSETS - 100.00%** |  |  | $29461646 |

---

*<sup>(a)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $1,796,939, representing 6.10% of net assets.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $5,104,401.*

*<sup>(c)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $1,797,526, representing 6.10% of net assets.*

*<sup>(d)</sup>* *Non-income producing security.*

*<sup>(e)</sup>* *Less than 0.005%.*

*<sup>(f)</sup>* *Security deemed to be illiquid under the procedures utilized by the Valuation Designee. As of February 28, 2026, the fair value of illiquid securities in the aggregate was $1,233, representing less than 0.005% of the Fund's net assets.*

*<sup>(g)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Equal Sector Weight ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **EXCHANGE TRADED FUNDS (99.98%)<sup>(a)</sup>** |  |  |
| ***Communication Services (8.56%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Communication Services Select Sector SPDR Fund | 483562 | $57084494 |
| ***Consumer Discretionary (8.10%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Consumer Discretionary Select Sector SPDR Fund<sup>(b)</sup> | 462378 | 54033493 |
| ***Consumer Staples (9.65%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Consumer Staples Select Sector SPDR Fund<sup>(b)</sup> | 715344 | 64388113 |
| ***Energy (10.71%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Energy Select Sector SPDR Fund<sup>(b)</sup> | 1277158 | 71418675 |
| ***Financials (7.92%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Select Sector SPDR Fund | 1027688 | 52853994 |
| ***Healthcare (8.73%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Health Care Select Sector SPDR Fund<sup>(b)</sup> | 363641 | 58255288 |
| ***Industrials (9.60%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial Select Sector SPDR Fund | 361540 | 64043196 |
| ***Materials (9.95%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Materials Select Sector SPDR Fund<sup>(b)</sup> | 1242292 | 66350816 |
| ***Real Estate (9.19%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Select Sector SPDR Fund | 1397509 | 61266795 |
| ***Technology (8.11%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Technology Select Sector SPDR Fund | 389634 | 54065614 |
| ***Utilities (9.46%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Utilities Select Sector SPDR Fund | 1322181 | 63107699 |
| **TOTAL EXCHANGE TRADED FUNDS** |  |  |
| (Cost $533,227,098) |  | 666868177 |

---

---

| | | | |
|:---|:---|:---|:---|
| **7 Day Yield** | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (14.07%)** | **SHORT TERM INVESTMENTS (14.07%)** | **SHORT TERM INVESTMENTS (14.07%)** | **SHORT TERM INVESTMENTS (14.07%)** |
| **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** | **Money Market Fund (0.03%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $176,847) | 3.63% | 176847 | $176847 |
| **Investments Purchased with Collateral from Securities Loaned (14.04%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $93,630,899) |  | 93630899 | $93630899 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $93,807,746) |  |  | 93807746 |
| **TOTAL INVESTMENTS (114.05%)** | **TOTAL INVESTMENTS (114.05%)** | **TOTAL INVESTMENTS (114.05%)** | **TOTAL INVESTMENTS (114.05%)** |
| (Cost $627,034,844) |  |  | $760675923 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-14.05%)** |  |  | (93709888) |
| **NET ASSETS - 100.00%** |  |  | $666966035 |

---

*<sup>(a)</sup>* *The financial statements of the Underlying Sector ETFs, including the portfolio of investments, are included in The Select Sector SPDR Trust's N-CSR filing dated March 6, 2026, available at www.sec.gov or can be found at www.ssga.com and should be read in conjunction with the Fund's financial statements.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $93,707,476.*

***Common Abbreviations:***

*SPDR<sup>®</sup> - Standard & Poor's Depositary Receipts*

*See Notes to Quarterly Schedule of Investments.*

ALPS International Sector Dividend Dogs ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.56%)** |  |  |
| ***Australia (8.34%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BHP Group, Ltd. | 301251 | $12522201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fortescue, Ltd. | 597628 | 8990852 |
| &nbsp;&nbsp;&nbsp;&nbsp;Origin Energy, Ltd. | 1177710 | 10183090 |
| &nbsp;&nbsp;&nbsp;&nbsp;Woodside Energy Group, Ltd. | 555326 | 11188010 |
| **Total Australia** |  | 42884153 |
| ***Austria (2.08%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;OMV AG | 164788 | $10670301 |
| ***Denmark (3.46%)*** |  |  |
| &nbsp;&nbsp;&nbsp;A P Moller-Maersk A/S<sup>(a)</sup> | 3966 | 9830958 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coloplast A/S, Class B | 103005 | 7949023 |
| **Total Denmark** |  | 17779981 |
| ***Finland (4.23%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nokia Oyj | 1476545 | 11312542 |
| &nbsp;&nbsp;&nbsp;UPM-Kymmene Oyj<sup>(b)</sup> | 327193 | 10430773 |
| **Total Finland** |  | 21743315 |
| ***France (19.79%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas SA | 99645 | 11244222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bouygues SA | 180361 | 11226876 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cap Gemini SA | 52706 | 6660570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Carrefour SA | 549101 | 10410282 |
| &nbsp;&nbsp;&nbsp;Cie Generale des Etablissements Michelin SCA<sup>(b)</sup> | 277433 | 11276831 |
| &nbsp;&nbsp;&nbsp;Engie SA<sup>(b)</sup> | 358602 | 12258340 |
| &nbsp;&nbsp;&nbsp;Orange SA<sup>(b)</sup> | 568811 | 12225629 |
| &nbsp;&nbsp;&nbsp;Pernod Ricard SA<sup>(b)</sup> | 102158 | 9446757 |
| &nbsp;&nbsp;&nbsp;&nbsp;Publicis Groupe SA | 88901 | 7922527 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sanofi SA | 93383 | 9070060 |
| **Total France** |  | 101742094 |
| ***Germany (7.33%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BASF SE | 174079 | 10017189 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bayerische Motoren Werke AG | 81141 | 8577086 |
| &nbsp;&nbsp;&nbsp;&nbsp;Daimler Truck Holding AG | 202312 | 10286403 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mercedes-Benz Group AG | 126098 | 8790847 |
| **Total Germany** |  | 37671525 |
| ***Hong Kong (3.83%)*** |  |  |
| &nbsp;&nbsp;&nbsp;China Resources Power Holdings Co., Ltd.<sup>(b)</sup> | 3951600 | 9435270 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Hong Kong (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;WH Group, Ltd.<sup>(c)(d)</sup> | 8153000 | $10254559 |
| **Total Hong Kong** |  | 19689829 |
| ***Italy (5.72%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Banca Monte dei Paschi di Siena SpA<sup>(b)</sup> | 952994 | 9344028 |
| &nbsp;&nbsp;&nbsp;Banco BPM SpA<sup>(b)</sup> | 628827 | 9313781 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enel SpA | 892356 | 10748635 |
| **Total Italy** |  | 29406444 |
| ***Japan (10.30%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Astellas Pharma, Inc. | 691600 | 11521131 |
| &nbsp;&nbsp;&nbsp;Canon, Inc.<sup>(b)</sup> | 297263 | 9064556 |
| &nbsp;&nbsp;&nbsp;Kyocera Corp.<sup>(b)</sup> | 632900 | 11199815 |
| &nbsp;&nbsp;&nbsp;Nippon Steel Corp.<sup>(b)</sup> | 2252900 | 9175196 |
| &nbsp;&nbsp;&nbsp;&nbsp;Takeda Pharmaceutical Co., Ltd. | 321000 | 11961060 |
| **Total Japan** |  | 52921758 |
| ***Netherlands (1.24%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Stellantis NV<sup>(b)</sup> | 774980 | 6355988 |
| ***Norway (6.78%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Aker BP ASA | 370159 | 11141792 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equinor ASA | 397707 | 11778582 |
| &nbsp;&nbsp;&nbsp;&nbsp;Telenor ASA | 642167 | 11906865 |
| **Total Norway** |  | 34827239 |
| ***Poland (6.20%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank Polska Kasa Opieki SA | 159388 | 10090135 |
| &nbsp;&nbsp;&nbsp;&nbsp;ORLEN SA | 351203 | 11269870 |
| &nbsp;&nbsp;&nbsp;&nbsp;Santander Bank Polska SA | 63684 | 10536916 |
| **Total Poland** |  | 31896921 |
| ***Portugal (2.15%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;EDP SA | 2072147 | 11057197 |
| ***Singapore (2.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Singapore Airlines, Ltd. | 1864115 | 10581347 |
| ***Sweden (5.99%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Evolution AB<sup>(b)(c)(d)</sup> | 134687 | 8181837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Telefonaktiebolaget LM Ericsson, Class B | 950413 | 11006877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Telia Co. AB | 2254959 | 11580032 |
| **Total Sweden** |  | 30768746 |
| ***Switzerland (1.90%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Kuehne + Nagel International AG<sup>(b)</sup> | 41849 | 9762136 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***United Kingdom (8.16%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;British American Tobacco PLC | 161249 | $10083088 |
| &nbsp;&nbsp;&nbsp;&nbsp;GSK PLC | 374601 | 11111367 |
| &nbsp;&nbsp;&nbsp;&nbsp;Imperial Brands PLC | 214968 | 9632611 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vodafone Group PLC | 7222468 | 11144732 |
| **Total United Kingdom** |  | 41971798 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $408,454,356) |  | 511730772 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (9.86%)** | **SHORT TERM INVESTMENTS (9.86%)** | **SHORT TERM INVESTMENTS (9.86%)** | **SHORT TERM INVESTMENTS (9.86%)** |
| **Money Market Fund (0.18%)** | **Money Market Fund (0.18%)** | **Money Market Fund (0.18%)** | **Money Market Fund (0.18%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $933,035) | 3.63% | 933035 | $933035 |
| **Investments Purchased with Collateral from Securities Loaned (9.68%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $49,776,503) |  | 49776503 | 49776503 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $50,709,538) |  |  | 50709538 |
| **TOTAL INVESTMENTS (109.42%)** | **TOTAL INVESTMENTS (109.42%)** | **TOTAL INVESTMENTS (109.42%)** | **TOTAL INVESTMENTS (109.42%)** |
| (Cost $459,163,894) |  |  | $562440310 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-9.42%)** |  |  | (48425544) |
| **NET ASSETS - 100.00%** |  |  | $514014766 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $72,055,618.*

*<sup>(c)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $18,436,396, representing 3.59% of net assets.*

*<sup>(d)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $18,436,396, representing 3.59% of net assets.*

 

*See Notes to Quarterly Schedule of Investments.*

ALPS Medical Breakthroughs ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.99%)** |  |  |
| ***Biotechnology (80.85%)*** |  |  |
| &nbsp;&nbsp;&nbsp;ACADIA Pharmaceuticals, Inc.<sup>(a)</sup> | 150789 | $3703378 |
| &nbsp;&nbsp;&nbsp;Agios Pharmaceuticals, Inc.<sup>(a)</sup> | 51973 | 1571144 |
| &nbsp;&nbsp;&nbsp;Akebia Therapeutics, Inc.<sup>(a)(b)</sup> | 236514 | 309833 |
| &nbsp;&nbsp;&nbsp;Alkermes PLC<sup>(a)(b)</sup> | 147168 | 4429756 |
| &nbsp;&nbsp;&nbsp;Altimmune, Inc.<sup>(a)(b)</sup> | 92999 | 400826 |
| &nbsp;&nbsp;&nbsp;Amicus Therapeutics, Inc.<sup>(a)</sup> | 274988 | 3951577 |
| &nbsp;&nbsp;&nbsp;Anavex Life Sciences Corp.<sup>(a)(b)</sup> | 79635 | 352783 |
| &nbsp;&nbsp;&nbsp;Apellis Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 112768 | 2363617 |
| &nbsp;&nbsp;&nbsp;Apogee Therapeutics, Inc.<sup>(a)</sup> | 48872 | 3421040 |
| &nbsp;&nbsp;&nbsp;Arcturus Therapeutics Holdings, Inc.<sup>(a)(b)</sup> | 25324 | 208417 |
| &nbsp;&nbsp;&nbsp;ArriVent Biopharma, Inc.<sup>(a)</sup> | 36792 | 845112 |
| &nbsp;&nbsp;&nbsp;ARS Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 88100 | 817568 |
| &nbsp;&nbsp;&nbsp;Bicara Therapeutics, Inc.<sup>(a)(b)</sup> | 48826 | 819300 |
| &nbsp;&nbsp;&nbsp;Bicycle Therapeutics PLC, ADR<sup>(a)(b)</sup> | 44503 | 255002 |
| &nbsp;&nbsp;&nbsp;Candel Therapeutics, Inc.<sup>(a)(b)</sup> | 48929 | 256877 |
| &nbsp;&nbsp;&nbsp;Celcuity, Inc.<sup>(a)(b)</sup> | 41241 | 4607031 |
| &nbsp;&nbsp;&nbsp;Celldex Therapeutics, Inc.<sup>(a)(b)</sup> | 59226 | 1782110 |
| &nbsp;&nbsp;&nbsp;CG oncology, Inc.<sup>(a)(b)</sup> | 71897 | 4227544 |
| &nbsp;&nbsp;&nbsp;Compass Therapeutics, Inc.<sup>(a)(b)</sup> | 158523 | 895655 |
| &nbsp;&nbsp;&nbsp;Corvus Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 66564 | 1215459 |
| &nbsp;&nbsp;&nbsp;Day One Biopharmaceuticals, Inc.<sup>(a)(b)</sup> | 91514 | 970048 |
| &nbsp;&nbsp;&nbsp;Denali Therapeutics, Inc.<sup>(a)(b)</sup> | 131033 | 2775279 |
| &nbsp;&nbsp;&nbsp;Design Therapeutics, Inc.<sup>(a)</sup> | 50771 | 530049 |
| &nbsp;&nbsp;&nbsp;Dianthus Therapeutics, Inc.<sup>(a)</sup> | 38214 | 2109031 |
| &nbsp;&nbsp;&nbsp;Disc Medicine, Inc.<sup>(a)(b)</sup> | 33646 | 2241497 |
| &nbsp;&nbsp;&nbsp;Forte Biosciences, Inc.<sup>(a)</sup> | 11166 | 337437 |
| &nbsp;&nbsp;&nbsp;Galapagos NV, Sponsored ADR<sup>(a)(b)</sup> | 58387 | 1965306 |
| &nbsp;&nbsp;&nbsp;Geron Corp.<sup>(a)</sup> | 568951 | 955838 |
| &nbsp;&nbsp;&nbsp;Ideaya Biosciences, Inc.<sup>(a)(b)</sup> | 78135 | 2515947 |
| &nbsp;&nbsp;&nbsp;Immatics NV<sup>(a)</sup> | 119488 | 1235506 |
| &nbsp;&nbsp;&nbsp;Immunocore Holdings PLC, ADR<sup>(a)(b)</sup> | 45035 | 1454631 |
| &nbsp;&nbsp;&nbsp;KalVista Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 45051 | 733430 |
| &nbsp;&nbsp;&nbsp;Kura Oncology, Inc.<sup>(a)</sup> | 77558 | 677081 |
| &nbsp;&nbsp;&nbsp;Kymera Therapeutics, Inc.<sup>(a)(b)</sup> | 70365 | 6427843 |
| &nbsp;&nbsp;&nbsp;MannKind Corp.<sup>(a)</sup> | 273687 | 897693 |
| &nbsp;&nbsp;&nbsp;Mineralys Therapeutics, Inc.<sup>(a)</sup> | 70537 | 2063913 |
| &nbsp;&nbsp;&nbsp;Mirum Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 45804 | 4227250 |
| &nbsp;&nbsp;&nbsp;MoonLake Immunotherapeutics<sup>(a)</sup> | 63143 | 1105634 |
| &nbsp;&nbsp;&nbsp;Neurogene, Inc.<sup>(a)(b)</sup> | 13806 | 324303 |
| &nbsp;&nbsp;&nbsp;Newamsterdam Pharma Co. NV<sup>(a)(b)</sup> | 101063 | 3583693 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Biotechnology (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Novavax, Inc.<sup>(a)(b)</sup> | 144833 | $1468607 |
| &nbsp;&nbsp;&nbsp;Olema Pharmaceuticals, Inc.<sup>(a)</sup> | 70109 | 1696638 |
| &nbsp;&nbsp;&nbsp;Oruka Therapeutics, Inc.<sup>(a)(b)</sup> | 43144 | 1484585 |
| &nbsp;&nbsp;&nbsp;Palvella Therapeutics, Inc.<sup>(a)</sup> | 10552 | 1424731 |
| &nbsp;&nbsp;&nbsp;Protara Therapeutics, Inc.<sup>(a)(b)</sup> | 46015 | 292655 |
| &nbsp;&nbsp;&nbsp;REGENXBIO, Inc.<sup>(a)(b)</sup> | 45118 | 407867 |
| &nbsp;&nbsp;&nbsp;Relay Therapeutics, Inc.<sup>(a)</sup> | 154480 | 1584965 |
| &nbsp;&nbsp;&nbsp;Rezolute, Inc.<sup>(a)(b)</sup> | 82647 | 265297 |
| &nbsp;&nbsp;&nbsp;Rigel Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 16180 | 562093 |
| &nbsp;&nbsp;&nbsp;Sarepta Therapeutics, Inc.<sup>(a)</sup> | 93395 | 1565300 |
| &nbsp;&nbsp;&nbsp;Sionna Therapeutics, Inc.<sup>(a)</sup> | 39776 | 1453415 |
| &nbsp;&nbsp;&nbsp;Spyre Therapeutics, Inc.<sup>(a)(b)</sup> | 69157 | 2974443 |
| &nbsp;&nbsp;&nbsp;Stoke Therapeutics, Inc.<sup>(a)(b)</sup> | 50908 | 1853560 |
| &nbsp;&nbsp;&nbsp;Taysha Gene Therapies, Inc.<sup>(a)(b)</sup> | 244138 | 1105945 |
| &nbsp;&nbsp;&nbsp;Tectonic Therapeutic, Inc.<sup>(a)(b)</sup> | 16682 | 391193 |
| &nbsp;&nbsp;&nbsp;Travere Therapeutics, Inc.<sup>(a)(b)</sup> | 79744 | 2375574 |
| &nbsp;&nbsp;&nbsp;Tyra Biosciences, Inc.<sup>(a)</sup> | 47570 | 1584557 |
| &nbsp;&nbsp;&nbsp;Upstream Bio, Inc.<sup>(a)</sup> | 48162 | 369884 |
| &nbsp;&nbsp;&nbsp;Vanda Pharmaceuticals, Inc.<sup>(a)</sup> | 52672 | 469308 |
| &nbsp;&nbsp;&nbsp;Vera Therapeutics, Inc.<sup>(a)</sup> | 56977 | 2324092 |
| &nbsp;&nbsp;&nbsp;Vericel Corp.<sup>(a)</sup> | 45076 | 1608312 |
| &nbsp;&nbsp;&nbsp;Viking Therapeutics, Inc.<sup>(a)(b)</sup> | 100746 | 3409245 |
| &nbsp;&nbsp;&nbsp;Xencor, Inc.<sup>(a)</sup> | 63648 | 812785 |
| &nbsp;&nbsp;&nbsp;Xenon Pharmaceuticals, Inc.<sup>(a)</sup> | 68873 | 2977380 |
| &nbsp;&nbsp;&nbsp;Zai Lab, Ltd., ADR<sup>(a)(b)</sup> | 99972 | 1921462 |
| &nbsp;&nbsp;&nbsp;Zenas Biopharma, Inc.<sup>(a)(b)</sup> | 47842 | 1260637 |
| &nbsp;&nbsp;&nbsp;Zura Bio, Ltd.<sup>(a)</sup> | 57952 | 383642 |
| **Total Biotechnology** |  | 111593610 |
| ***Health Care Equipment & Supplies (0.20%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Delcath Systems, Inc.<sup>(a)(b)</sup> | 31472 | 280101 |
| ***Health Care Providers & Services (0.31%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Fulgent Genetics, Inc.<sup>(a)</sup> | 27554 | 422403 |
| ***Pharmaceuticals (18.63%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Aardvark Therapeutics, Inc.<sup>(a)</sup> | 19407 | 242393 |
| &nbsp;&nbsp;&nbsp;Aclaris Therapeutics, Inc.<sup>(a)(b)</sup> | 96567 | 277147 |
| &nbsp;&nbsp;&nbsp;Alto Neuroscience, Inc.<sup>(a)</sup> | 27688 | 545177 |
| &nbsp;&nbsp;&nbsp;Amylyx Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 97879 | 1484824 |
| &nbsp;&nbsp;&nbsp;Atea Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 69634 | 325887 |
| &nbsp;&nbsp;&nbsp;Crinetics Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 84576 | 3476074 |
| &nbsp;&nbsp;&nbsp;Edgewise Therapeutics, Inc.<sup>(a)</sup> | 94360 | 2872318 |
| &nbsp;&nbsp;&nbsp;Maze Therapeutics, Inc.<sup>(a)</sup> | 42889 | 1955310 |
| &nbsp;&nbsp;&nbsp;MBX Biosciences, Inc.<sup>(a)</sup> | 40022 | 1302716 |
| &nbsp;&nbsp;&nbsp;Nuvation Bio, Inc.<sup>(a)(b)</sup> | 305559 | 1805854 |
| &nbsp;&nbsp;&nbsp;Oculis Holding AG<sup>(a)</sup> | 50955 | 1498587 |
| &nbsp;&nbsp;&nbsp;Pharvaris NV<sup>(a)</sup> | 57094 | 1620899 |
| &nbsp;&nbsp;&nbsp;Rapport Therapeutics, Inc.<sup>(a)(b)</sup> | 42477 | 1233107 |
| &nbsp;&nbsp;&nbsp;Structure Therapeutics, Inc., ADR<sup>(a)</sup> | 54083 | 3406147 |
| &nbsp;&nbsp;&nbsp;Tarsus Pharmaceuticals, Inc.<sup>(a)</sup> | 37835 | 2857300 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Pharmaceuticals (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Theravance Biopharma, Inc.<sup>(a)(b)</sup> | 45164 | $824243 |
| **Total Pharmaceuticals** |  | 25727983 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $129,715,528) |  | 138024097 |

---

---

| | | | |
|:---|:---|:---|:---|
| **7 Day Yield** | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (12.52%)** | **SHORT TERM INVESTMENTS (12.52%)** | **SHORT TERM INVESTMENTS (12.52%)** | **SHORT TERM INVESTMENTS (12.52%)** |
| **Money Market Fund (0.04%)** | **Money Market Fund (0.04%)** | **Money Market Fund (0.04%)** | **Money Market Fund (0.04%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $50,717) | 3.63% | 50717 | $50717 |
| **Investments Purchased with Collateral from Securities Loaned (12.48%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $17,227,119) |  | 17227119 | 17227119 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $17,277,836) |  |  | 17277836 |
| **TOTAL INVESTMENTS (112.51%)** | **TOTAL INVESTMENTS (112.51%)** | **TOTAL INVESTMENTS (112.51%)** | **TOTAL INVESTMENTS (112.51%)** |
| (Cost $146,993,364) |  |  | $155301933 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-12.51%)** |  |  | (17273310) |
| **NET ASSETS - 100.00%** |  |  | $138028623 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $37,769,543.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Nautilus SMR Nuclear & Technology ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.99%)** |  |  |
| ***Artificial Intelligence (24.91%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc.<sup>(a)</sup> | 229 | $45848 |
| &nbsp;&nbsp;&nbsp;Ambiq Micro, Inc.<sup>(a)</sup> | 189 | 5802 |
| &nbsp;&nbsp;&nbsp;&nbsp;Analog Devices, Inc. | 69 | 24550 |
| &nbsp;&nbsp;&nbsp;Arista Networks, Inc.<sup>(a)</sup> | 141 | 18824 |
| &nbsp;&nbsp;&nbsp;ARM Holdings PLC, ADR<sup>(a)</sup> | 142 | 18098 |
| &nbsp;&nbsp;&nbsp;Astera Labs, Inc.<sup>(a)</sup> | 941 | 111819 |
| &nbsp;&nbsp;&nbsp;C3.ai, Inc.<sup>(a)</sup> | 1495 | 11885 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems, Inc. | 552 | 43862 |
| &nbsp;&nbsp;&nbsp;Coherent Corp.<sup>(a)</sup> | 551 | 142670 |
| &nbsp;&nbsp;&nbsp;CoreWeave, Inc.<sup>(a)</sup> | 1242 | 98814 |
| &nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 28 | 10415 |
| &nbsp;&nbsp;&nbsp;Intel Corp.<sup>(a)</sup> | 595 | 27138 |
| &nbsp;&nbsp;&nbsp;Lumentum Holdings, Inc.<sup>(a)</sup> | 206 | 144387 |
| &nbsp;&nbsp;&nbsp;&nbsp;Micron Technology, Inc. | 281 | 115876 |
| &nbsp;&nbsp;&nbsp;Nebius Group NV<sup>(a)</sup> | 1317 | 120097 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Inc., Class A<sup>(a)</sup> | 302 | 41432 |
| &nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc.<sup>(a)</sup> | 94 | 13998 |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc. | 143 | 20357 |
| &nbsp;&nbsp;&nbsp;Sandisk Corp.<sup>(a)</sup> | 21 | 13343 |
| &nbsp;&nbsp;&nbsp;Shanghai Biren Technology Co., Ltd.<sup>(a)</sup> | 13400 | 65121 |
| &nbsp;&nbsp;&nbsp;Super Micro Computer, Inc.<sup>(a)(b)</sup> | 3895 | 126159 |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 322 | 120615 |
| &nbsp;&nbsp;&nbsp;Veritone, Inc.<sup>(a)</sup> | 925 | 2609 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vertiv Holdings Co. | 504 | 128465 |
| &nbsp;&nbsp;&nbsp;Whitefiber, Inc.<sup>(a)</sup> | 112 | 1887 |
| **Total AI** |  | 1474071 |
| ***Nuclear Generation/Transmission (14.25%)*** |  |  |
| &nbsp;&nbsp;&nbsp;CGN Power Co., Ltd.<sup>(c)(d)</sup> | 510000 | 204694 |
| &nbsp;&nbsp;&nbsp;&nbsp;CLP Holdings, Ltd. | 500 | 4742 |
| &nbsp;&nbsp;&nbsp;&nbsp;Constellation Energy Corp. | 927 | 305798 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dominion Energy, Inc. | 688 | 43440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy Corp. | 622 | 81389 |
| &nbsp;&nbsp;&nbsp;&nbsp;Endesa SA | 253 | 10335 |
| &nbsp;&nbsp;&nbsp;&nbsp;Entergy Corp. | 351 | 37596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fortum Oyj | 345 | 8076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Korea Electric Power Corp., ADR | 485 | 9458 |
| &nbsp;&nbsp;&nbsp;Peninsula Energy, Ltd.<sup>(a)</sup> | 15494 | 8270 |
| &nbsp;&nbsp;&nbsp;&nbsp;PG&E Corp. | 1752 | 33288 |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group, Inc. | 395 | 33998 |
| &nbsp;&nbsp;&nbsp;Talen Energy Corp.<sup>(a)</sup> | 42 | 15581 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vistra Corp. | 273 | 47472 |
| **Total Nuclear Generation/Transmission** |  | 844137 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Nuclear Plant Ops/Construction/SMRs (17.74%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AtkinsRealis Group, Inc. | 135 | $9358 |
| &nbsp;&nbsp;&nbsp;&nbsp;Babcock International Group PLC | 373 | 6796 |
| &nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies, Inc. | 1312 | 270246 |
| &nbsp;&nbsp;&nbsp;&nbsp;GE Vernova, Inc. | 211 | 184329 |
| &nbsp;&nbsp;&nbsp;Mirion Technologies, Inc.<sup>(a)</sup> | 164 | 3544 |
| &nbsp;&nbsp;&nbsp;NANO Nuclear Energy, Inc.<sup>(a)</sup> | 2073 | 55121 |
| &nbsp;&nbsp;&nbsp;NuScale Power Corp.<sup>(a)</sup> | 9340 | 120019 |
| &nbsp;&nbsp;&nbsp;Oklo, Inc.<sup>(a)</sup> | 4033 | 253876 |
| &nbsp;&nbsp;&nbsp;Perma-Fix Environmental Services, Inc.<sup>(a)</sup> | 872 | 11894 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rolls-Royce Holdings PLC | 6572 | 118106 |
| &nbsp;&nbsp;&nbsp;Terrestrial Energy, Inc.<sup>(a)</sup> | 2584 | 17830 |
| **Total Nuclear Plant Ops/Construction/SMRs** |  | 1051119 |
| ***Uranium/Miners (43.09%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Bannerman Energy, Ltd.<sup>(a)</sup> | 9545 | 31586 |
| &nbsp;&nbsp;&nbsp;Boss Energy, Ltd.<sup>(a)</sup> | 19801 | 23039 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cameco Corp. | 2213 | 262019 |
| &nbsp;&nbsp;&nbsp;Centrus Energy Corp.<sup>(a)</sup> | 922 | 186788 |
| &nbsp;&nbsp;&nbsp;&nbsp;CGN Mining Co., Ltd. | 143000 | 89748 |
| &nbsp;&nbsp;&nbsp;Deep Yellow, Ltd.<sup>(a)</sup> | 45784 | 85691 |
| &nbsp;&nbsp;&nbsp;Denison Mines Corp.<sup>(a)</sup> | 45076 | 188418 |
| &nbsp;&nbsp;&nbsp;Encore Energy Corp.<sup>(a)</sup> | 9154 | 24716 |
| &nbsp;&nbsp;&nbsp;Energy Fuels, Inc.<sup>(a)</sup> | 12100 | 257972 |
| &nbsp;&nbsp;&nbsp;&nbsp;Honeywell International, Inc. | 508 | 123744 |
| &nbsp;&nbsp;&nbsp;IsoEnergy, Ltd.<sup>(a)</sup> | 1638 | 19321 |
| &nbsp;&nbsp;&nbsp;Lightbridge Corp.<sup>(a)</sup> | 1542 | 19938 |
| &nbsp;&nbsp;&nbsp;Lotus Resources, Ltd.<sup>(a)</sup> | 11980 | 18671 |
| &nbsp;&nbsp;&nbsp;NAC Kazatomprom JSC, GDR<sup>(d)</sup> | 3016 | 247312 |
| &nbsp;&nbsp;&nbsp;NexGen Energy, Ltd.<sup>(a)</sup> | 22320 | 285249 |
| &nbsp;&nbsp;&nbsp;Paladin Energy, Ltd.<sup>(a)</sup> | 22359 | 213057 |
| &nbsp;&nbsp;&nbsp;Silex Systems, Ltd.<sup>(a)</sup> | 11459 | 56268 |
| &nbsp;&nbsp;&nbsp;Uranium Energy Corp.<sup>(a)</sup> | 16942 | 259721 |
| &nbsp;&nbsp;&nbsp;Uranium Royalty Corp.<sup>(a)</sup> | 5946 | 25508 |
| &nbsp;&nbsp;&nbsp;Ur-Energy, Inc.<sup>(a)</sup> | 16972 | 28343 |
| &nbsp;&nbsp;&nbsp;Yellow Cake PLC<sup>(a)(c)(d)</sup> | 12132 | 103984 |
| **Total Uranium/Miners** |  | 2551093 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $5,994,148) |  | 5920420 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (2.41%)** | **SHORT TERM INVESTMENTS (2.41%)** | **SHORT TERM INVESTMENTS (2.41%)** | **SHORT TERM INVESTMENTS (2.41%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) | 3.63% | 142647 | $142647 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $142,647) |  |  | 142647 |
| **TOTAL INVESTMENTS (102.40%)** | **TOTAL INVESTMENTS (102.40%)** | **TOTAL INVESTMENTS (102.40%)** | **TOTAL INVESTMENTS (102.40%)** |
| (Cost $6,136,795) |  |  | $6063067 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-2.40%)** |  |  | (142013) |
| **NET ASSETS - 100.00%** |  |  | $5921054 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of security, is being held as collateral for written options contracts aggregating a total market value of $16,195*

*<sup>(c)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $308,678, representing 5.21% of net assets.*

*<sup>(d)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $555,990, representing 9.39% of net assets.*

**WRITTEN OPTION CONTRACTS 0.00%**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Expiration<br> Date** | **Strike<br> Price** | **Contracts** | **Premiums<br> Received** | **Notional<br> Value** | **Value<br> (Note 2)** |
| **Written Call Option Contracts - 0.00%** |  |  |  |  |  |  |
| &nbsp;&nbsp;Super Micro Computer, Inc. | 03/27/26 | $40.00 | 5 | $190 | (20000) | (220) |
| **TOTAL WRITTEN OPTION CONTRACTS** | **TOTAL WRITTEN OPTION CONTRACTS** |  |  | $**190** | $**(20000)** | $**(220)** |

---

*See Notes to Quarterly Schedule of Investments.*

ALPS \| O'Shares International Developed Quality Dividend ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.13%)** |  |  |
| ***Aerospace & Defense (5.31%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Airbus SE | 1800 | $391856 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rolls-Royce Holdings PLC | 36135 | 649381 |
| &nbsp;&nbsp;&nbsp;&nbsp;Safran SA | 2828 | 1136132 |
| **Total Aerospace & Defense** |  | 2177369 |
| ***Automobiles (3.85%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Ferrari NV<sup>(a)</sup> | 1786 | 678263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Toyota Motor Corp. | 37000 | 906253 |
| **Total Automobiles** |  | 1584516 |
| ***Banks (8.51%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Commonwealth Bank of Australia<sup>(a)</sup> | 9472 | 1177066 |
| &nbsp;&nbsp;&nbsp;&nbsp;HSBC Holdings PLC | 82813 | 1555303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nordea Bank Abp | 38919 | 756600 |
| **Total Banks** |  | 3488969 |
| ***Biotechnology (0.59%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CSL, Ltd. | 2324 | 242722 |
| ***Broadline Retail (4.53%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dollarama, Inc. | 4188 | 616571 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prosus NV | 13940 | 716675 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wesfarmers, Ltd. | 9242 | 523664 |
| **Total Broadline Retail** |  | 1856910 |
| ***Capital Markets (3.40%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3i Group PLC | 14776 | 661508 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brookfield Asset Management, Ltd., Class A | 15690 | 733508 |
| **Total Capital Markets** |  | 1395016 |
| ***Consumer Staples Distribution & Retail (1.56%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alimentation Couche-Tard, Inc. | 10568 | 641339 |
| ***Diversified Telecommunication Services (2.66%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deutsche Telekom AG | 27111 | 1092051 |
| ***Electric Utilities (2.99%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Iberdrola SA | 51814 | 1227529 |
| ***Electrical Equipment (5.80%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ABB, Ltd. | 13150 | 1228371 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schneider Electric SE | 3527 | 1153148 |
| **Total Electrical Equipment** |  | 2381519 |
| ***Electronic Equipment, Instruments & Components (2.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Keyence Corp. | 2000 | 846028 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Entertainment (1.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Nintendo Co., Ltd.<sup>(a)</sup> | 7600 | $437755 |
| ***Food Products (3.28%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Nestle SA<sup>(a)</sup> | 12305 | 1344051 |
| ***Ground Transportation (2.09%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian National Railway Co. | 7622 | 855321 |
| ***Health Care Equipment & Supplies (2.15%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alcon AG | 2270 | 197402 |
| &nbsp;&nbsp;&nbsp;&nbsp;EssilorLuxottica SA | 1147 | 305213 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hoya Corp. | 2100 | 380088 |
| **Total Health Care Equipment & Supplies** |  | 882703 |
| ***Household Durables (1.29%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sony Group Corp. | 22700 | 529543 |
| ***Industrial Conglomerates (4.96%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hitachi Ltd. | 25800 | 863387 |
| &nbsp;&nbsp;&nbsp;&nbsp;Siemens AG | 3984 | 1164635 |
| **Total Industrial Conglomerates** |  | 2028022 |
| ***Machinery (2.68%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Atlas Copco AB<sup>(a)</sup> | 50940 | 1100608 |
| ***Personal Care Products (4.89%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;L'Oreal SA | 2055 | 964962 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unilever PLC | 14150 | 1042519 |
| **Total Personal Care Products** |  | 2007481 |
| ***Pharmaceuticals (12.41%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AstraZeneca PLC | 4277 | 895829 |
| &nbsp;&nbsp;&nbsp;&nbsp;GSK PLC | 8197 | 243138 |
| &nbsp;&nbsp;&nbsp;&nbsp;Novartis AG | 9007 | 1528794 |
| &nbsp;&nbsp;&nbsp;&nbsp;Novo Nordisk A/S, Class B | 15117 | 568716 |
| &nbsp;&nbsp;&nbsp;&nbsp;Roche Holding AG | 2712 | 1294536 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sanofi SA | 5689 | 552559 |
| **Total Pharmaceuticals** |  | 5083572 |
| ***Professional Services (4.75%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Experian PLC | 12313 | 462300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Recruit Holdings Co., Ltd. | 14600 | 641908 |
| &nbsp;&nbsp;&nbsp;&nbsp;RELX PLC | 18073 | 629363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wolters Kluwer NV | 2648 | 213077 |
| **Total Professional Services** |  | 1946648 |
| ***Semiconductors & Semiconductor Equipment (5.63%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ASML Holding NV | 1584 | 2308499 |
| ***Software (3.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Constellation Software, Inc. | 162 | 299364 |
| &nbsp;&nbsp;&nbsp;&nbsp;SAP SE | 4757 | 960944 |
| **Total Software** |  | 1260308 |
| ***Specialty Retail (3.61%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fast Retailing Co., Ltd. | 2000 | 884065 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Specialty Retail (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Industria de Diseno Textil SA<sup>(a)</sup> | 8856 | $594579 |
| **Total Specialty Retail** |  | 1478644 |
| ***Textiles, Apparel & Luxury Goods (3.75%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hermes International SCA | 279 | 675487 |
| &nbsp;&nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton SE | 1341 | 862139 |
| **Total Textiles, Apparel & Luxury Goods** |  | 1537626 |
| ***Trading Companies & Distributors (2.24%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ITOCHU Corp. | 63500 | 923030 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $33,327,881) |  | 40657779 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (8.19%)** | **SHORT TERM INVESTMENTS (8.19%)** | **SHORT TERM INVESTMENTS (8.19%)** | **SHORT TERM INVESTMENTS (8.19%)** |
| **Money Market Fund (0.05%)** | **Money Market Fund (0.05%)** | **Money Market Fund (0.05%)** | **Money Market Fund (0.05%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $19,280) | 3.63% | 19280 | $19280 |
| **Investments Purchased with Collateral from Securities Loaned (8.14%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $3,339,166) |  | 3339166 | 3339166 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $3,358,446) |  |  | 3358446 |
| **TOTAL INVESTMENTS (107.32%)** | **TOTAL INVESTMENTS (107.32%)** | **TOTAL INVESTMENTS (107.32%)** | **TOTAL INVESTMENTS (107.32%)** |
| (Cost $36,686,327) |  |  | $44016225 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-7.32%)** |  |  | (3002089) |
| **NET ASSETS - 100.00%** |  |  | $41014136 |

---

*<sup>(a)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $3,203,954.*

*See Notes to Quarterly Schedule of Investments.*

ALPS \| O'Shares Global Internet Giants ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.95%)** |  |  |
| ***Broadline Retail (13.42%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding, Ltd., Sponsored ADR | 7672 | $1105612 |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 32135 | 6748351 |
| &nbsp;&nbsp;&nbsp;&nbsp;JD.com, Inc., ADR | 16366 | 434190 |
| &nbsp;&nbsp;&nbsp;MercadoLibre, Inc.<sup>(a)</sup> | 1366 | 2400854 |
| &nbsp;&nbsp;&nbsp;&nbsp;Naspers, Ltd. | 24796 | 1378532 |
| &nbsp;&nbsp;&nbsp;PDD Holdings, Inc., ADR<sup>(a)</sup> | 28217 | 2926949 |
| **Total Broadline Retail** |  | 14994488 |
| ***Diversified Consumer Services (0.95%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Duolingo, Inc.<sup>(a)(b)</sup> | 10459 | 1056359 |
| ***Entertainment (9.60%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Live Nation Entertainment, Inc.<sup>(a)</sup> | 6699 | 1086176 |
| &nbsp;&nbsp;&nbsp;&nbsp;NetEase, Inc., ADR | 5563 | 639578 |
| &nbsp;&nbsp;&nbsp;Netflix, Inc.<sup>(a)</sup> | 29357 | 2825318 |
| &nbsp;&nbsp;&nbsp;ROBLOX Corp., Class A<sup>(a)</sup> | 25776 | 1769780 |
| &nbsp;&nbsp;&nbsp;Spotify Technology SA<sup>(a)</sup> | 3177 | 1635964 |
| &nbsp;&nbsp;&nbsp;Take-Two Interactive Software, Inc.<sup>(a)</sup> | 7321 | 1548245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tencent Music Entertainment Group, ADR | 84088 | 1227685 |
| **Total Entertainment** |  | 10732746 |
| ***Ground Transportation (3.04%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Grab Holdings, Ltd.<sup>(a)(b)</sup> | 338800 | 1429736 |
| &nbsp;&nbsp;&nbsp;Uber Technologies, Inc.<sup>(a)</sup> | 26176 | 1974194 |
| **Total Ground Transportation** |  | 3403930 |
| ***Health Care Technology (0.80%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Veeva Systems, Inc., Class A<sup>(a)</sup> | 4899 | 891667 |
| ***Hotels, Restaurants & Leisure (5.08%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Airbnb, Inc., Class A<sup>(a)</sup> | 6569 | 887538 |
| &nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings, Inc. | 204 | 864827 |
| &nbsp;&nbsp;&nbsp;DoorDash, Inc., Class A<sup>(a)</sup> | 10278 | 1813759 |
| &nbsp;&nbsp;&nbsp;Meituan, Class B<sup>(a)(c)(d)</sup> | 96017 | 995958 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trip.com Group, Ltd., ADR | 21300 | 1120806 |
| **Total Hotels, Restaurants & Leisure** |  | 5682888 |
| ***Interactive Media & Services (19.63%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | 26924 | 8393825 |
| &nbsp;&nbsp;&nbsp;Kuaishou Technology<sup>(c)(d)</sup> | 96600 | 776045 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | 12892 | 8356337 |
| &nbsp;&nbsp;&nbsp;Pinterest, Inc., Class A<sup>(a)</sup> | 44069 | 754902 |
| &nbsp;&nbsp;&nbsp;Reddit, Inc.<sup>(a)</sup> | 10165 | 1482159 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tencent Holdings, Ltd. | 32717 | 2166246 |
| **Total Interactive Media & Services** |  | 21929514 |
| ***IT Services (6.90%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Cloudflare, Inc., Class A<sup>(a)</sup> | 12086 | 2081088 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***IT Services (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;MongoDB, Inc.<sup>(a)</sup> | 3771 | $1238660 |
| &nbsp;&nbsp;&nbsp;Shopify, Inc., Class A<sup>(a)</sup> | 19605 | 2366912 |
| &nbsp;&nbsp;&nbsp;Snowflake, Inc., Class A<sup>(a)</sup> | 12048 | 2029004 |
| **Total IT Services** |  | 7715664 |
| ***Media (0.85%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Trade Desk, Inc., Class A<sup>(a)</sup> | 39935 | 951252 |
| ***Professional Services (0.75%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex, Inc. | 8937 | 836950 |
| ***Real Estate Management & Development (1.62%)*** |  |  |
| &nbsp;&nbsp;&nbsp;CoStar Group, Inc.<sup>(a)</sup> | 22310 | 995695 |
| &nbsp;&nbsp;&nbsp;Zillow Group, Inc.<sup>(a)</sup> | 18319 | 817394 |
| **Total Real Estate Management & Development** |  | 1813089 |
| ***Software (37.31%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Adobe, Inc.<sup>(a)</sup> | 2709 | 710869 |
| &nbsp;&nbsp;&nbsp;AppLovin Corp., Class A<sup>(a)</sup> | 4505 | 1958639 |
| &nbsp;&nbsp;&nbsp;Atlassian Corp., Class A<sup>(a)</sup> | 11128 | 836047 |
| &nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 5093 | 1894494 |
| &nbsp;&nbsp;&nbsp;Datadog, Inc., Class A<sup>(a)</sup> | 13954 | 1562290 |
| &nbsp;&nbsp;&nbsp;Fair Isaac Corp.<sup>(a)</sup> | 778 | 1096482 |
| &nbsp;&nbsp;&nbsp;Fortinet, Inc.<sup>(a)</sup> | 13254 | 1047464 |
| &nbsp;&nbsp;&nbsp;Guidewire Software, Inc.<sup>(a)</sup> | 7333 | 1065632 |
| &nbsp;&nbsp;&nbsp;HubSpot, Inc.<sup>(a)</sup> | 3893 | 1029737 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intuit, Inc. | 2852 | 1166554 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 17398 | 6832890 |
| &nbsp;&nbsp;&nbsp;Nutanix, Inc.<sup>(a)</sup> | 26753 | 1024105 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oracle Corp. | 23446 | 3409047 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Inc., Class A<sup>(a)</sup> | 26200 | 3594377 |
| &nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc.<sup>(a)</sup> | 18481 | 2752191 |
| &nbsp;&nbsp;&nbsp;Rubrik, Inc.<sup>(a)</sup> | 24862 | 1291830 |
| &nbsp;&nbsp;&nbsp;&nbsp;Salesforce, Inc. | 5144 | 1002000 |
| &nbsp;&nbsp;&nbsp;Samsara, Inc., Class A<sup>(a)</sup> | 47980 | 1386622 |
| &nbsp;&nbsp;&nbsp;&nbsp;SAP SE | 5843 | 1180323 |
| &nbsp;&nbsp;&nbsp;ServiceNow, Inc.<sup>(a)</sup> | 14494 | 1565497 |
| &nbsp;&nbsp;&nbsp;WiseTech Global, Ltd.<sup>(b)</sup> | 46463 | 1571923 |
| &nbsp;&nbsp;&nbsp;Workday, Inc., Class A<sup>(a)</sup> | 5698 | 762164 |
| &nbsp;&nbsp;&nbsp;Xero, Ltd.<sup>(a)</sup> | 27939 | 1653049 |
| &nbsp;&nbsp;&nbsp;Zscaler, Inc.<sup>(a)</sup> | 8838 | 1299098 |
| **Total Software** |  | 41693324 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $102,041,190) |  | 111701871 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (3.06%)** | **SHORT TERM INVESTMENTS (3.06%)** | **SHORT TERM INVESTMENTS (3.06%)** | **SHORT TERM INVESTMENTS (3.06%)** |
| **Money Market Fund (0.07%)** | **Money Market Fund (0.07%)** | **Money Market Fund (0.07%)** | **Money Market Fund (0.07%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $79,018) | 3.63% | 79018 | $79018 |
| **Investments Purchased with Collateral from Securities Loaned (2.99%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $3,343,657) |  | 3343657 | $3343657 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $3,422,675) |  |  | 3422675 |
| **TOTAL INVESTMENTS (103.01%)** | **TOTAL INVESTMENTS (103.01%)** | **TOTAL INVESTMENTS (103.01%)** | **TOTAL INVESTMENTS (103.01%)** |
| (Cost $105,463,865) |  |  | $115124546 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-3.01%)** |  |  | (3364181) |
| **NET ASSETS - 100.00%** |  |  | $111760365 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $3,063,614.*

*<sup>(c)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $1,772,003, representing 1.59% of net assets.*

*<sup>(d)</sup>* *Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of February 28, 2026, the market value of those securities was $1,772,003, representing 1.59% of net assets.*

*See Notes to Quarterly Schedule of Investments.*

ALPS \| O'Shares U.S. Quality Dividend ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.87%)** |  |  |
| ***Aerospace & Defense (1.69%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;General Dynamics Corp. | 12156 | $4340300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin Corp. | 6461 | 4251855 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northrop Grumman Corp. | 4140 | 2998933 |
| &nbsp;&nbsp;&nbsp;&nbsp;RTX Corp. | 8864 | 1796024 |
| **Total Aerospace & Defense** |  | 13387112 |
| ***Air Freight & Logistics (0.52%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Expeditors International of Washington, Inc. | 9791 | 1419989 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Parcel Service, Inc., Class B | 23463 | 2720769 |
| **Total Air Freight & Logistics** |  | 4140758 |
| ***Banks (0.70%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. | 18352 | 5511106 |
| ***Beverages (2.08%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Co. | 135231 | 11029440 |
| &nbsp;&nbsp;&nbsp;&nbsp;PepsiCo, Inc. | 32081 | 5445429 |
| **Total Beverages** |  | 16474869 |
| ***Biotechnology (1.78%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie, Inc. | 8858 | 2055765 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amgen, Inc. | 14345 | 5568155 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences, Inc. | 43260 | 6443577 |
| **Total Biotechnology** |  | 14067497 |
| ***Building Products (0.32%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Trane Technologies PLC | 5512 | 2548308 |
| ***Capital Markets (4.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackrock, Inc. | 4172 | 4435796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cboe Global Markets, Inc. | 21592 | 6471554 |
| &nbsp;&nbsp;&nbsp;&nbsp;Moody's Corp. | 16492 | 7876415 |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI, Inc. | 9316 | 5327168 |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Global, Inc. | 10657 | 4709115 |
| &nbsp;&nbsp;&nbsp;&nbsp;T Rowe Price Group, Inc. | 35486 | 3358040 |
| **Total Capital Markets** |  | 32178088 |
| ***Commercial Services & Supplies (0.81%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cintas Corp. | 11435 | 2299922 |
| &nbsp;&nbsp;&nbsp;&nbsp;Republic Services, Inc. | 4712 | 1079048 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waste Management, Inc. | 12442 | 2996531 |
| **Total Commercial Services & Supplies** |  | 6375501 |
| ***Communications Equipment (3.95%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems, Inc. | 290259 | 23063981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | 16998 | 8197455 |
| **Total Communications Equipment** |  | 31261436 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Consumer Staples Distribution & Retail (1.53%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Costco Wholesale Corp. | 5085 | $5139867 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walmart, Inc. | 54605 | 6986710 |
| **Total Consumer Staples Distribution & Retail** |  | 12126577 |
| ***Diversified Telecommunication Services (1.62%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T, Inc. | 131926 | 3695247 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications, Inc. | 181758 | 9113346 |
| **Total Diversified Telecommunication Services** |  | 12808593 |
| ***Electrical Equipment (0.55%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AMETEK, Inc. | 6536 | 1563542 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eaton Corp. PLC | 7400 | 2781808 |
| **Total Electrical Equipment** |  | 4345350 |
| ***Electronic Equipment, Instruments & Components (0.93%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amphenol Corp., Class A | 50171 | 7327976 |
| ***Entertainment (0.35%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Walt Disney Co. | 26472 | 2807091 |
| ***Financial Services (8.79%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A | 65642 | 33950699 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc., Class A | 111112 | 35571395 |
| **Total Financial Services** |  | 69522094 |
| ***Food Products (0.35%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;General Mills, Inc. | 9110 | 412045 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hershey Co. | 5541 | 1309227 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mondelez International, Inc., Class A | 16727 | 1030049 |
| **Total Food Products** |  | 2751321 |
| ***Ground Transportation (1.66%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CSX Corp. | 57670 | 2461932 |
| &nbsp;&nbsp;&nbsp;&nbsp;Norfolk Southern Corp. | 6516 | 2050846 |
| &nbsp;&nbsp;&nbsp;&nbsp;Union Pacific Corp. | 32558 | 8627219 |
| **Total Ground Transportation** |  | 13139997 |
| ***Health Care Equipment & Supplies (2.94%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 175306 | 20396853 |
| &nbsp;&nbsp;&nbsp;&nbsp;Medtronic PLC | 17762 | 1734637 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stryker Corp. | 2857 | 1106973 |
| **Total Health Care Equipment & Supplies** |  | 23238463 |
| ***Health Care Providers & Services (0.62%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cigna Group | 2422 | 701944 |
| &nbsp;&nbsp;&nbsp;&nbsp;Elevance Health, Inc. | 2923 | 935360 |
| &nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. | 11191 | 3281985 |
| **Total Health Care Providers & Services** |  | 4919289 |
| ***Hotels, Restaurants & Leisure (5.09%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings, Inc. | 318 | 1348113 |
| &nbsp;&nbsp;&nbsp;&nbsp;McDonald's Corp. | 96015 | 32746877 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Hotels, Restaurants & Leisure (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Starbucks Corp. | 21870 | $2143697 |
| &nbsp;&nbsp;&nbsp;&nbsp;Yum! Brands, Inc. | 24340 | 4093014 |
| **Total Hotels, Restaurants & Leisure** |  | 40331701 |
| ***Household Durables (0.31%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Garmin, Ltd. | 9579 | 2421859 |
| ***Household Products (2.59%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Colgate-Palmolive Co. | 34087 | 3379385 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kimberly-Clark Corp. | 12295 | 1370155 |
| &nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble Co. | 94168 | 15744890 |
| **Total Household Products** |  | 20494430 |
| ***Industrial Conglomerates (0.99%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3M Co. | 14471 | 2392346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Honeywell International, Inc. | 22209 | 5409890 |
| **Total Industrial Conglomerates** |  | 7802236 |
| ***Insurance (4.73%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp. | 25359 | 5440013 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chubb, Ltd. | 20124 | 6859467 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan Cos., Inc. | 112061 | 20926270 |
| &nbsp;&nbsp;&nbsp;&nbsp;Travelers Cos., Inc. | 13806 | 4261084 |
| **Total Insurance** |  | 37486834 |
| ***Interactive Media & Services (5.25%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | 122994 | 38344610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | 4912 | 3183860 |
| **Total Interactive Media & Services** |  | 41528470 |
| ***IT Services (4.05%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accenture PLC, Class A | 117433 | 24510615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cognizant Technology Solutions Corp., Class A | 78311 | 5045578 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Business Machines Corp. | 10371 | 2491218 |
| **Total IT Services** |  | 32047411 |
| ***Machinery (4.11%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Caterpillar, Inc. | 8866 | 6585930 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cummins, Inc. | 6286 | 3670207 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dover Corp. | 8396 | 1893298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Graco, Inc. | 12714 | 1194099 |
| &nbsp;&nbsp;&nbsp;&nbsp;Illinois Tool Works, Inc. | 31110 | 9041498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Otis Worldwide Corp. | 33692 | 3118532 |
| &nbsp;&nbsp;&nbsp;&nbsp;PACCAR, Inc. | 17741 | 2236963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Parker-Hannifin Corp. | 2312 | 2333224 |
| &nbsp;&nbsp;&nbsp;&nbsp;Snap-on, Inc. | 6606 | 2544763 |
| **Total Machinery** |  | 32618514 |
| ***Media (2.44%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast Corp., Class A | 624665 | 19339628 |
| ***Personal Care Products (0.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Kenvue, Inc. | 23331 | 446089 |
| ***Pharmaceuticals (9.91%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb Co. | 30414 | 1896921 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Co. | 4359 | 4585624 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Pharmaceuticals (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 175805 | $43675236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck & Co., Inc. | 194764 | 24115678 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pfizer, Inc. | 49430 | 1366740 |
| &nbsp;&nbsp;&nbsp;&nbsp;Zoetis, Inc. | 22060 | 2892066 |
| **Total Pharmaceuticals** |  | 78532265 |
| ***Professional Services (1.57%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Automatic Data Processing, Inc. | 31213 | 6690819 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadridge Financial Solutions, Inc. | 5596 | 1040129 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex, Inc. | 40220 | 3766603 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verisk Analytics, Inc. | 4306 | 893796 |
| **Total Professional Services** |  | 12391347 |
| ***Semiconductors & Semiconductor Equipment (2.65%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc. | 41407 | 5894701 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments, Inc. | 71102 | 15081445 |
| **Total Semiconductors & Semiconductor Equipment** |  | 20976146 |
| ***Software (4.04%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 77153 | 30301069 |
| &nbsp;&nbsp;&nbsp;&nbsp;Salesforce, Inc. | 8648 | 1684544 |
| **Total Software** |  | 31985613 |
| ***Specialty Retail (9.35%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Depot, Inc. | 91284 | 34753644 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lowe's Cos., Inc. | 52363 | 13853679 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ross Stores, Inc. | 16190 | 3329312 |
| &nbsp;&nbsp;&nbsp;&nbsp;TJX Cos., Inc. | 136678 | 22095365 |
| **Total Specialty Retail** |  | 74032000 |
| ***Technology Hardware, Storage & Peripherals (4.60%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | 138225 | 36516282 |
| ***Tobacco (1.25%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group, Inc. | 80801 | 5578501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International, Inc. | 23121 | 4319696 |
| **Total Tobacco** |  | 9898197 |
| ***Trading Companies & Distributors (0.84%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fastenal Co. | 94342 | 4343506 |
| &nbsp;&nbsp;&nbsp;&nbsp;WW Grainger, Inc. | 2040 | 2335249 |
| **Total Trading Companies & Distributors** |  | 6678755 |
| ***Wireless Telecommunication Services (0.79%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;T-Mobile US, Inc. | 28719 | 6234608 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $627,270,199) |  | 790693811 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (0.06%)** | **SHORT TERM INVESTMENTS (0.06%)** | **SHORT TERM INVESTMENTS (0.06%)** | **SHORT TERM INVESTMENTS (0.06%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) | 3.63% | 486177 | $486177 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $486,177) |  |  | 486177 |
| **TOTAL INVESTMENTS (99.93%)** | **TOTAL INVESTMENTS (99.93%)** | **TOTAL INVESTMENTS (99.93%)** | **TOTAL INVESTMENTS (99.93%)** |
| (Cost $627,756,376) |  |  | $791179988 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES (0.07%)** |  |  | 533117 |
| **NET ASSETS - 100.00%** |  |  | $791713105 |

---

*See Notes to Quarterly Schedule of Investments.*

ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.86%)** |  |  |
| ***Automobile Components (2.90%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gentex Corp. | 657175 | $15377895 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lear Corp. | 89802 | 11786513 |
| **Total Automobile Components** |  | 27164408 |
| ***Beverages (0.59%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Molson Coors Beverage Co., Class B | 111786 | 5476396 |
| ***Building Products (4.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;A O Smith Corp.<sup>(a)</sup> | 251283 | 19600074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Armstrong World Industries, Inc. | 31273 | 5425866 |
| &nbsp;&nbsp;&nbsp;&nbsp;Simpson Manufacturing Co., Inc. | 26792 | 5186127 |
| &nbsp;&nbsp;&nbsp;&nbsp;UFP Industries, Inc. | 76431 | 7865514 |
| **Total Building Products** |  | 38077581 |
| ***Capital Markets (9.05%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Artisan Partners Asset Management, Inc., Class A | 135020 | 5438606 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cohen & Steers, Inc. | 88595 | 5924348 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diamond Hill Investment Group, Inc. | 19851 | 3411791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Evercore, Inc., Class A | 13562 | 4188488 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federated Hermes, Inc. | 262880 | 14723909 |
| &nbsp;&nbsp;&nbsp;&nbsp;Houlihan Lokey, Inc. | 80174 | 13130096 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lazard, Inc., Class A | 82401 | 4169491 |
| &nbsp;&nbsp;&nbsp;&nbsp;MarketAxess Holdings, Inc. | 29598 | 5682816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Moelis & Co., Class A | 72851 | 4324435 |
| &nbsp;&nbsp;&nbsp;&nbsp;PJT Partners, Inc. | 15114 | 2232036 |
| &nbsp;&nbsp;&nbsp;&nbsp;SEI Investments Co. | 212726 | 17298877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Victory Capital Holdings, Inc. | 60126 | 4159517 |
| **Total Capital Markets** |  | 84684410 |
| ***Commercial Services & Supplies (3.09%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brady Corp., Class A | 103752 | 9580460 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ennis, Inc. | 185083 | 3907102 |
| &nbsp;&nbsp;&nbsp;&nbsp;MSA Safety, Inc. | 78959 | 15429378 |
| **Total Commercial Services & Supplies** |  | 28916940 |
| ***Consumer Finance (0.87%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FirstCash Holdings, Inc. | 42010 | 8099108 |
| ***Consumer Staples Distribution & Retail (0.39%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Albertsons Cos., Inc. | 137551 | 2462162 |
| &nbsp;&nbsp;&nbsp;&nbsp;PriceSmart, Inc. | 7646 | 1182225 |
| **Total Consumer Staples Distribution & Retail** |  | 3644387 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Distributors (2.01%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;LKQ Corp. | 567144 | $18778138 |
| ***Diversified Consumer Services (3.68%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ADT, Inc. | 503468 | 4037813 |
| &nbsp;&nbsp;&nbsp;&nbsp;Graham Holdings Co., Class B | 3180 | 3349208 |
| &nbsp;&nbsp;&nbsp;&nbsp;H&R Block, Inc. | 358145 | 10966400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service Corp. International | 190915 | 16071225 |
| **Total Diversified Consumer Services** |  | 34424646 |
| ***Electric Utilities (1.38%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;IDACORP, Inc. | 20347 | 2929358 |
| &nbsp;&nbsp;&nbsp;&nbsp;MGE Energy, Inc. | 13564 | 1112519 |
| &nbsp;&nbsp;&nbsp;&nbsp;OGE Energy Corp. | 95216 | 4678914 |
| &nbsp;&nbsp;&nbsp;&nbsp;Otter Tail Corp. | 21201 | 1804205 |
| &nbsp;&nbsp;&nbsp;&nbsp;Portland General Electric Co. | 45084 | 2432733 |
| **Total Electric Utilities** |  | 12957729 |
| ***Electronic Equipment, Instruments & Components (7.26%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Avnet, Inc. | 345042 | 22717565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Badger Meter, Inc. | 71268 | 10863381 |
| &nbsp;&nbsp;&nbsp;&nbsp;Littelfuse, Inc. | 42897 | 15119477 |
| &nbsp;&nbsp;&nbsp;&nbsp;TD SYNNEX Corp. | 122541 | 19215654 |
| **Total Electronic Equipment, Instruments & Components** |  | 67916077 |
| ***Financial Services (8.50%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Enact Holdings, Inc. | 135379 | 5664257 |
| &nbsp;&nbsp;&nbsp;&nbsp;Essent Group, Ltd. | 290540 | 17676454 |
| &nbsp;&nbsp;&nbsp;&nbsp;MGIC Investment Corp. | 645581 | 17127264 |
| &nbsp;&nbsp;&nbsp;&nbsp;Radian Group, Inc. | 525777 | 18149822 |
| &nbsp;&nbsp;&nbsp;&nbsp;Western Union Co. | 2167843 | 20876328 |
| **Total Financial Services** |  | 79494125 |
| ***Food Products (3.86%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bunge Global SA | 85681 | 10337413 |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods, Inc.<sup>(a)</sup> | 54011 | 4704898 |
| &nbsp;&nbsp;&nbsp;Campbell's Company<sup>(a)</sup> | 78248 | 2108784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Conagra Brands, Inc. | 365884 | 7043267 |
| &nbsp;&nbsp;&nbsp;&nbsp;Flowers Foods, Inc. | 144940 | 1432007 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fresh Del Monte Produce, Inc. | 22088 | 948238 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ingredion, Inc. | 55581 | 6528544 |
| &nbsp;&nbsp;&nbsp;&nbsp;J & J Snack Foods Corp. | 8021 | 698308 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lamb Weston Holdings, Inc. | 12430 | 599002 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marzetti Company | 10982 | 1804782 |
| **Total Food Products** |  | 36205243 |
| ***Gas Utilities (1.70%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chesapeake Utilities Corp. | 7100 | 965387 |
| &nbsp;&nbsp;&nbsp;&nbsp;National Fuel Gas Co. | 31377 | 2856248 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Jersey Resources Corp. | 65822 | 3570184 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northwest Natural Holding Co. | 15265 | 809656 |
| &nbsp;&nbsp;&nbsp;&nbsp;ONE Gas, Inc. | 23354 | 2042074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southwest Gas Holdings, Inc. | 14168 | 1249193 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spire, Inc. | 22225 | 2036032 |
| &nbsp;&nbsp;&nbsp;&nbsp;UGI Corp. | 62816 | 2349947 |
| **Total Gas Utilities** |  | 15878721 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Ground Transportation (1.51%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Landstar System, Inc. | 86907 | $14161496 |
| ***Health Care Providers & Services (6.31%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chemed Corp. | 40768 | 16715288 |
| &nbsp;&nbsp;&nbsp;&nbsp;Encompass Health Corp. | 147234 | 15883604 |
| &nbsp;&nbsp;&nbsp;&nbsp;National HealthCare Corp. | 161678 | 26434352 |
| **Total Health Care Providers & Services** |  | 59033244 |
| ***Hotels, Restaurants & Leisure (5.80%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Choice Hotels International, Inc. | 37225 | 3921654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse, Inc. | 111500 | 20390004 |
| &nbsp;&nbsp;&nbsp;Vail Resorts, Inc.<sup>(a)</sup> | 103584 | 14067743 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wendy's Co. | 585950 | 4488377 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wyndham Hotels & Resorts, Inc. | 138929 | 11364392 |
| **Total Hotels, Restaurants & Leisure** |  | 54232170 |
| ***Household Durables (1.21%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Meritage Homes Corp. | 59891 | 4516979 |
| &nbsp;&nbsp;&nbsp;&nbsp;Toll Brothers, Inc. | 43468 | 6834909 |
| **Total Household Durables** |  | 11351888 |
| ***Household Products (0.24%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Energizer Holdings, Inc. | 20295 | 438169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reynolds Consumer Products, Inc. | 36609 | 908269 |
| &nbsp;&nbsp;&nbsp;&nbsp;WD-40 Co. | 3668 | 873718 |
| **Total Household Products** |  | 2220156 |
| ***Insurance (2.64%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Primerica, Inc. | 68041 | 17259280 |
| &nbsp;&nbsp;&nbsp;&nbsp;RLI Corp. | 120072 | 7482887 |
| **Total Insurance** |  | 24742167 |
| ***IT Services (1.63%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amdocs, Ltd. | 218792 | 15271682 |
| ***Machinery (13.00%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Allison Transmission Holdings, Inc. | 153772 | 19267632 |
| &nbsp;&nbsp;&nbsp;&nbsp;Crane Co. | 26588 | 5331692 |
| &nbsp;&nbsp;&nbsp;&nbsp;Donaldson Co., Inc. | 228474 | 21193248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Signal Corp. | 34487 | 4015321 |
| &nbsp;&nbsp;&nbsp;&nbsp;Franklin Electric Co., Inc. | 82565 | 8225125 |
| &nbsp;&nbsp;&nbsp;&nbsp;ITT, Inc. | 87275 | 17665333 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lincoln Electric Holdings, Inc. | 76883 | 22069266 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mueller Industries, Inc. | 119686 | 14118161 |
| &nbsp;&nbsp;&nbsp;&nbsp;Watts Water Technologies, Inc., Class A | 29387 | 9660682 |
| **Total Machinery** |  | 121546460 |
| ***Media (4.10%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New York Times Co., Class A | 247022 | 19709885 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nexstar Media Group, Inc. | 45304 | 11372210 |
| &nbsp;&nbsp;&nbsp;&nbsp;TEGNA, Inc. | 348702 | 7305307 |
| **Total Media** |  | 38387402 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Multi-Utilities (0.57%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Avista Corp. | 31432 | $1276768 |
| &nbsp;&nbsp;&nbsp;&nbsp;Black Hills Corp. | 30011 | 2210610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northwestern Energy Group, Inc. | 26078 | 1824417 |
| **Total Multi-Utilities** |  | 5311795 |
| ***Pharmaceuticals (2.51%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Royalty Pharma PLC, Class A | 508728 | 23508321 |
| ***Professional Services (1.82%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Exponent, Inc. | 110272 | 8025596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Korn Ferry | 144004 | 9024731 |
| **Total Professional Services** |  | 17050327 |
| ***Semiconductors & Semiconductor Equipment (1.59%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Skyworks Solutions, Inc. | 250000 | 14895000 |
| ***Software (3.36%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dolby Laboratories, Inc., Class A | 258911 | 17235705 |
| &nbsp;&nbsp;&nbsp;InterDigital, Inc.<sup>(a)</sup> | 38774 | 14211834 |
| **Total Software** |  | 31447539 |
| ***Specialty Retail (1.40%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods, Inc.<sup>(a)</sup> | 23032 | 4690006 |
| &nbsp;&nbsp;&nbsp;Murphy USA, Inc.<sup>(a)</sup> | 9592 | 3747978 |
| &nbsp;&nbsp;&nbsp;Penske Automotive Group, Inc.<sup>(a)</sup> | 29433 | 4636286 |
| **Total Specialty Retail** |  | 13074270 |
| ***Textiles, Apparel & Luxury Goods (1.14%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Columbia Sportswear Co. | 66742 | 4133999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ralph Lauren Corp. | 18016 | 6532602 |
| **Total Textiles, Apparel & Luxury Goods** |  | 10666601 |
| ***Tobacco (0.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Universal Corp. | 10181 | 547025 |
| ***Trading Companies & Distributors (0.86%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Applied Industrial Technologies, Inc. | 28485 | 8049291 |
| ***Water Utilities (0.76%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American States Water Co. | 17224 | 1283705 |
| &nbsp;&nbsp;&nbsp;&nbsp;California Water Service Group | 18472 | 832718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Essential Utilities, Inc. | 124647 | 4982140 |
| **Total Water Utilities** |  | 7098563 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $853,126,364) |  | 934313306 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (3.98%)** | **SHORT TERM INVESTMENTS (3.98%)** | **SHORT TERM INVESTMENTS (3.98%)** | **SHORT TERM INVESTMENTS (3.98%)** |
| **Money Market Fund (0.05%)** | **Money Market Fund (0.05%)** | **Money Market Fund (0.05%)** | **Money Market Fund (0.05%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $477,571) | 3.63% | 477571 | $477571 |
| **Investments Purchased with Collateral from Securities Loaned (3.93%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $36,782,696) |  | 36782696 | $36782696 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $37,260,267) |  |  | 37260267 |
| **TOTAL INVESTMENTS (103.84%)** | **TOTAL INVESTMENTS (103.84%)** | **TOTAL INVESTMENTS (103.84%)** | **TOTAL INVESTMENTS (103.84%)** |
| (Cost $890,386,631) |  |  | $971573573 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-3.84%)** |  |  | (35963062) |
| **NET ASSETS - 100.00%** |  |  | $935610511 |

---

*<sup>(a)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $35,730,677.*

*See Notes to Quarterly Schedule of Investments.*

ALPS REIT Dividend Dogs ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.47%)** |  |  |
| ***Data Center REITs (2.70%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Equinix, Inc. | 296 | $288381 |
| ***Diversified REITs (10.98%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AH Realty Trust Inc | 31855 | 199094 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Assets Trust, Inc. | 11549 | 225436 |
| &nbsp;&nbsp;&nbsp;&nbsp;CTO Realty Growth, Inc. | 12439 | 242312 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gladstone Commercial Corp. | 20386 | 254621 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Net Lease, Inc. | 26702 | 251533 |
| **Total Diversified REITs** |  | 1172996 |
| ***Health Care REITs (11.19%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alexandria Real Estate Equities, Inc. | 4739 | 256096 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chiron Real Estate, Inc. | 6279 | 217442 |
| &nbsp;&nbsp;&nbsp;&nbsp;Community Healthcare Trust, Inc. | 14445 | 246865 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sila Realty Trust, Inc. | 9649 | 248269 |
| &nbsp;&nbsp;&nbsp;&nbsp;Universal Health Realty Income Trust | 5223 | 227827 |
| **Total Health Care REITs** |  | 1196499 |
| ***Hotel & Resort REITs (10.48%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple Hospitality REIT, Inc. | 18239 | 223610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Braemar Hotels & Resorts, Inc. | 82506 | 240093 |
| &nbsp;&nbsp;&nbsp;Park Hotels & Resorts, Inc.<sup>(a)</sup> | 20329 | 229921 |
| &nbsp;&nbsp;&nbsp;&nbsp;RLJ Lodging Trust | 28874 | 231570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Summit Hotel Properties, Inc. | 43189 | 194782 |
| **Total Hotel & Resort REITs** |  | 1119976 |
| ***Industrial REITs (10.75%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Americold Realty Trust, Inc.<sup>(a)</sup> | 17367 | 232544 |
| &nbsp;&nbsp;&nbsp;Innovative Industrial Properties, Inc.<sup>(a)</sup> | 3901 | 206597 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lineage, Inc. | 5978 | 242228 |
| &nbsp;&nbsp;&nbsp;&nbsp;LXP Industrial Trust | 4448 | 220443 |
| &nbsp;&nbsp;&nbsp;One Liberty Properties, Inc.<sup>(a)</sup> | 10528 | 247303 |
| **Total Industrial REITs** |  | 1149115 |
| ***Multi-Family Residential REITs (8.15%)*** |  |  |
| &nbsp;&nbsp;&nbsp;BRT Apartments Corp.<sup>(a)</sup> | 14673 | 215253 |
| &nbsp;&nbsp;&nbsp;&nbsp;Centerspace | 3379 | 212539 |
| &nbsp;&nbsp;&nbsp;&nbsp;NexPoint Residential Trust, Inc. | 7455 | 210156 |
| &nbsp;&nbsp;&nbsp;&nbsp;UDR, Inc. | 6213 | 232988 |
| **Total Multi-Family Residential REITs** |  | 870936 |
| ***Office REITs (10.67%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brandywine Realty Trust | 73462 | 234344 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Office REITs (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Easterly Government Properties, Inc. | 10087 | $234825 |
| &nbsp;&nbsp;&nbsp;&nbsp;Highwoods Properties, Inc. | 8554 | 192379 |
| &nbsp;&nbsp;&nbsp;Postal Realty Trust, Inc.<sup>(a)</sup> | 14315 | 296750 |
| &nbsp;&nbsp;&nbsp;&nbsp;SL Green Realty Corp. | 4948 | 182334 |
| **Total Office REITs** |  | 1140632 |
| ***Retail REITs (11.58%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FrontView REIT, Inc. | 14685 | 243330 |
| &nbsp;&nbsp;&nbsp;&nbsp;Getty Realty Corp. | 7755 | 254519 |
| &nbsp;&nbsp;&nbsp;&nbsp;NNN REIT, Inc. | 5456 | 247266 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corp. | 3824 | 256208 |
| &nbsp;&nbsp;&nbsp;&nbsp;Saul Centers, Inc. | 6923 | 235936 |
| **Total Retail REITs** |  | 1237259 |
| ***Self-Storage REITs (2.43%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;National Storage Affiliates Trust | 7421 | 259884 |
| ***Single-Family Residential REITs (1.96%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;UMH Properties, Inc. | 13867 | 209114 |
| ***Specialized REITs (9.80%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;EPR Properties | 4418 | 262473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gaming and Leisure Properties, Inc. | 5082 | 248561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gladstone Land Corp. | 24656 | 302776 |
| &nbsp;&nbsp;&nbsp;&nbsp;VICI Properties, Inc. | 7717 | 233130 |
| **Total Specialized REITs** |  | 1046940 |
| ***Technology REITs (4.42%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Crown Castle, Inc. | 2433 | 217851 |
| &nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, Inc. | 1435 | 254282 |
| **Total Technology REITs** |  | 472133 |
| ***Telecom Tower REITs (4.36%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Tower Corp. | 1220 | 234069 |
| &nbsp;&nbsp;&nbsp;&nbsp;SBA Communications Corp. | 1155 | 232340 |
| **Total Telecom Tower REITs** |  | 466409 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $11,158,770) |  | 10630274 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (9.06%)** | **SHORT TERM INVESTMENTS (9.06%)** | **SHORT TERM INVESTMENTS (9.06%)** | **SHORT TERM INVESTMENTS (9.06%)** |
| **Money Market Fund (0.36%)** | **Money Market Fund (0.36%)** | **Money Market Fund (0.36%)** | **Money Market Fund (0.36%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $38,835) | 3.63% | 38835 | $38835 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **Investments Purchased with Collateral from Securities Loaned (8.70%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $929,631) |  | 929631 | $929631 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $968,466) |  |  | 968466 |
| **TOTAL INVESTMENTS (108.53%)** | **TOTAL INVESTMENTS (108.53%)** | **TOTAL INVESTMENTS (108.53%)** | **TOTAL INVESTMENTS (108.53%)** |
| (Cost $12,127,236) |  |  | $11598740 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-8.53%)** |  |  | (911331) |
| **NET ASSETS - 100.00%** |  |  | $10687409 |

---

*<sup>(a)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $1,045,003.*

*See Notes to Quarterly Schedule of Investments.*

ALPS Sector Dividend Dogs ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (99.53%)** |  |  |
| ***Communication Services (10.46%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AT&T, Inc. | 1024342 | $28691820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast Corp., Class A | 986998 | 30557458 |
| &nbsp;&nbsp;&nbsp;&nbsp;Omnicom Group, Inc. | 313733 | 26758288 |
| &nbsp;&nbsp;&nbsp;&nbsp;T-Mobile US, Inc. | 129038 | 28012859 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications, Inc. | 615758 | 30874106 |
| **Total Communication Services** |  | 144894531 |
| ***Consumer Discretionary (9.26%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Best Buy Co., Inc. | 342733 | 21239164 |
| &nbsp;&nbsp;&nbsp;Darden Restaurants, Inc.<sup>(a)</sup> | 138130 | $29539100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ford Motor Co. | 1829759 | 25781304 |
| &nbsp;&nbsp;&nbsp;&nbsp;Genuine Parts Co. | 191341 | 22819328 |
| &nbsp;&nbsp;&nbsp;&nbsp;Starbucks Corp. | 295032 | 28919037 |
| **Total Consumer Discretionary** |  | 128297933 |
| ***Consumer Staples (9.86%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Altria Group, Inc. | 428510 | 29584331 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Mills, Inc. | 539278 | 24391544 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kenvue, Inc. | 1452817 | 27777861 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kraft Heinz Co. | 1029772 | 25342689 |
| &nbsp;&nbsp;&nbsp;&nbsp;Target Corp. | 259299 | 29505633 |
| **Total Consumer Staples** |  | 136602058 |
| ***Energy (10.81%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chevron Corp. | 167872 | 31351775 |
| &nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 263492 | 29895802 |
| &nbsp;&nbsp;&nbsp;&nbsp;EOG Resources, Inc. | 232692 | 28872423 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kinder Morgan, Inc. | 941888 | 31336614 |
| &nbsp;&nbsp;&nbsp;&nbsp;ONEOK, Inc. | 342142 | 28319093 |
| **Total Energy** |  | 149775707 |
| ***Financials (8.64%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;KeyCorp | 1218623 | 25274241 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prudential Financial, Inc. | 214925 | 21144321 |
| &nbsp;&nbsp;&nbsp;&nbsp;T Rowe Price Group, Inc. | 239539 | 22667576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Truist Financial Corp. | 504699 | 24886708 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Bancorp | 471346 | 25763772 |
| **Total Financials** |  | 119736618 |
| ***Health Care (10.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie, Inc. | 112715 | 26158897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb Co. | 480407 | 29962985 |
| &nbsp;&nbsp;&nbsp;&nbsp;CVS Health Corp. | 317005 | 25328700 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck & Co., Inc. | 251001 | 31078944 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Health Care (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pfizer, Inc. | 973973 | $26930353 |
| **Total Health Care** |  | 139459879 |
| ***Industrials (10.19%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin Corp. | 52471 | 34530115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex, Inc. | 217715 | 20389010 |
| &nbsp;&nbsp;&nbsp;&nbsp;Snap-On, Inc. | 71760 | 27643387 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Parcel Service, Inc., Class B | 249456 | 28926918 |
| &nbsp;&nbsp;&nbsp;Watsco, Inc.<sup>(a)</sup> | 71000 | 29630430 |
| **Total Industrials** |  | 141119860 |
| ***Information Technology (8.60%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accenture PLC, Class A | 92751 | 19358989 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hewlett Packard Enterprise Co. | 1054824 | 22647071 |
| &nbsp;&nbsp;&nbsp;&nbsp;HP, Inc. | 1017727 | 19326636 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology, Inc. | 374797 | 27974848 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments, Inc. | 140320 | 29763275 |
| **Total Information Technology** |  | 119070819 |
| ***Materials (11.18%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Amcor PLC<sup>(a)</sup> | 611835 | 29631169 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Paper Co. | 653292 | 28450867 |
| &nbsp;&nbsp;&nbsp;&nbsp;LyondellBasell Industries NV, Class A | 567148 | 32622353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Smurfit Westrock PLC | 677041 | 31827697 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Dow Chemical Co. | 1050326 | 32276518 |
| **Total Materials** |  | 154808604 |
| ***Utilities (10.46%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dominion Resources, Inc. | 424337 | 26792638 |
| &nbsp;&nbsp;&nbsp;&nbsp;Edison International | 431740 | 32268248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Evergy, Inc. | 341168 | 28542115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eversource Energy | 369692 | 28174227 |
| &nbsp;&nbsp;&nbsp;FirstEnergy Corp.<sup>(a)</sup> | 568901 | 29104975 |
| **Total Utilities** |  | 144882203 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $1,256,999,825) |  | 1378648212 |

---

---

| | | | |
|:---|:---|:---|:---|
| **7 Day Yield** | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (2.90%)** | **SHORT TERM INVESTMENTS (2.90%)** | **SHORT TERM INVESTMENTS (2.90%)** | **SHORT TERM INVESTMENTS (2.90%)** |
| **Money Market Fund (0.15%)** | **Money Market Fund (0.15%)** | **Money Market Fund (0.15%)** | **Money Market Fund (0.15%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $2,046,002) | 3.63% | 2046002 | $2046002 |

---

---

| | | |
|:---|:---|:---|
| **7 Day Yield** | **Shares** | **Value** |
| **Investments Purchased with Collateral from Securities Loaned (2.75%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |
| (Cost $38,195,434) | 38195434 | $38195434 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $40,241,436) |  | 40241436 |
| **TOTAL INVESTMENTS (102.43%)** | **TOTAL INVESTMENTS (102.43%)** | **TOTAL INVESTMENTS (102.43%)** |
| (Cost $1,297,241,261) |  | $1418889648 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-2.43%)** |  | (33695220) |
| **NET ASSETS - 100.00%** |  | $1385194428 |

---

*<sup>(a)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $43,780,602.*

*See Notes to Quarterly Schedule of Investments.*

ALPS \| Smith Core Plus Bond ETF

**SCHEDULE OF INVESTMENTS**

 ****

***February 28, 2026 (Unaudited)***

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| **BANK LOANS (0.93%)** | **BANK LOANS (0.93%)** | **BANK LOANS (0.93%)** |
| ***Aerospace & Defense (0.44%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M US SOFR + 2.50%, 02/28/2031<sup>(a)</sup> | $11174070 | $11186640 |
| ***Biotechnology (0.13%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BioMarin Pharmaceutical Inc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3M SOFR + 0.00%, 01/29/2031<sup>(a)</sup> | 3521000 | 3521740 |
| ***Casinos & Gaming (0.25%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M US SOFR + 2.25%, 02/06/2031<sup>(a)</sup> | 6344048 | 6305984 |
| ***Pharmaceuticals (0.11%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amneal Pharmaceuticals LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M SOFR + 3.00%, 08/02/2032<sup>(a)</sup> | 2704322 | 2709947 |
| **TOTAL BANK LOANS** |  |  |
| **(Cost $23,783,539)** |  | 23724311 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS (3.39%)** | **COLLATERALIZED MORTGAGE OBLIGATIONS (3.39%)** | **COLLATERALIZED MORTGAGE OBLIGATIONS (3.39%)** |
| Fannie Mae |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2000-34, Class TZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 10/25/2030 | $76126 | $80292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2000-40, Class FA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 0.614%, 07/25/2030<sup>(a)</sup> | 25440 | 25465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2001-51, Class PZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 10/25/2031 | 81697 | 85575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-60, Class FV, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 1.114%, 04/25/2032<sup>(a)</sup> | 5614 | 5681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-90, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 06/25/2042 | 162393 | 164891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-119, Class ZP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/25/2033 | 30564 | 30030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-18, Class A1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/25/2042 | 33603 | 35040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-30, Class JQ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 04/25/2033 | 1733 | 1786 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-47, Class PE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 06/25/2033 | $24305 | $25481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-52, Class ZX, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 07/25/2034 | 242633 | 256694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-90, Class AZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 12/25/2034 | 356728 | 376631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-92, Class TB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 12/25/2034 | 6622 | 6886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-105, Class Z, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 12/25/2035 | 470915 | 503853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-122, Class PY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 01/25/2036 | 19628 | 20658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-27, Class GH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 04/25/2035 | 96869 | 100869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-3, Class CH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, 02/25/2035 | 3728 | 3850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-48, Class TD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 06/25/2035 | 57434 | 59727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-75, Class ZP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 09/25/2035 | 142631 | 152114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-99, Class AC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 12/25/2035 | 38000 | 39095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-125, Class KY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/25/2037 | 78496 | 80210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-78, Class BZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 08/25/2036 | 292640 | 315156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-36, Class PH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 04/25/2037 | 90714 | 94763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-55, Class PH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/25/2047 | 29286 | 31636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-77, Class HN, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 08/25/2037 | 350118 | 373289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-24, Class WD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 02/25/2038 | 101732 | 104011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-6, Class A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/25/2038 | 161615 | 164125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-106, Class LK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/25/2037 | 521615 | 537594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-106, Class DZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 01/25/2040 | 55160 | 54893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-77, Class NX, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/25/2039 | 619069 | 651967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-123, Class BP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 11/25/2040 | 78933 | 80194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-141, Class AL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/25/2040 | 14862 | 14848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-2, Class GZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/25/2040 | 127173 | 129232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-41, Class NB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/25/2040 | 60549 | 63182 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-85, Class NJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 08/25/2040 | $316637 | $321080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-9, Class ME, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/25/2040 | 36801 | 37893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-110, Class ED, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 04/25/2041 | 61032 | 60062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-121, Class JP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 12/25/2041 | 12365 | 12446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-145, Class JA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 12/25/2041 | 3471 | 3463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-148, Class P, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/25/2041 | 111617 | 110605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-29, Class JC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/25/2041 | 111775 | 109245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-74, Class UB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/25/2040 | 98518 | 93745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-103, Class PY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/25/2042 | 8000 | 7236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-108, Class PL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/25/2042 | 198479 | 184122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-111, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 10/25/2042 | 170683 | 186712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-111, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 06/25/2042 | 106480 | 99806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-112, Class DA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/25/2042 | 164145 | 154350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-120, Class QC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 11/25/2042 | 151000 | 112583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-128, Class NP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 11/25/2042 | 78165 | 55362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-128, Class JE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 09/25/2042 | 121209 | 112700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-129, Class HT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 12/25/2032 | 372368 | 343548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-133, Class KA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 07/25/2042 | 129259 | 118675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-136, Class PL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/25/2042 | 418000 | 403362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-137, Class CZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/25/2042 | 166941 | 163593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-139, Class GB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 12/25/2042 | 102000 | 73833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-152, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 01/25/2043 | 14212 | 13878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-154, Class PW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/25/2042 | 253152 | 221209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-16, Class K, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/25/2041 | 69208 | 69034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-17, Class JA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/25/2041 | 71183 | 69177 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-19, Class CB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/25/2042 | $256837 | $249777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-26, Class MA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/25/2042 | 39704 | 38423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-28, Class PT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 03/25/2042 | 247077 | 246888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-29, Class NM, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/25/2042 | 50000 | 47037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-30, Class DZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/25/2042 | 174939 | 172486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-35, Class EP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 11/25/2040 | 43869 | 43248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-36, Class MB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 08/25/2041 | 238073 | 234742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-37, Class CA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 01/25/2040 | 63605 | 62719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-38, Class MC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/25/2042 | 80000 | 70479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-39, Class NB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/25/2042 | 32000 | 30920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-47, Class HF, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 0.514%, 05/25/2027<sup>(a)</sup> | 1143 | 1143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-51, Class HJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/25/2042 | 62156 | 56457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-56, Class WB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/25/2042 | 164149 | 160836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-58, Class KB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 06/25/2042 | 193135 | 187584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-75, Class KE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/25/2042 | 200000 | 196495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-83, Class AC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/25/2042 | 85000 | 79360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-90, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/25/2042 | 59576 | 57982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-93, Class TL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/25/2042 | 190000 | 169048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-10, Class GD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 02/25/2033 | 116708 | 110944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-119, Class NU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.750%, 05/25/2043 | 171516 | 167632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-123, Class AG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/25/2033 | 375492 | 372315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-14, Class PC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 03/25/2043 | 203348 | 177007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-18, Class NG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 12/25/2042 | 44342 | 40507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-20, Class CA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/25/2043 | 37888 | 34712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-29, Class JE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 04/25/2043 | 23632 | 19810 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-35, Class KL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 04/25/2033 | $76934 | $73121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-37, Class PK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/25/2043 | 300000 | 285925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-41, Class JL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 04/25/2038 | 157020 | 146852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-44, Class Z, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/25/2043 | 735131 | 600163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-67, Class KZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 04/25/2043 | 148952 | 133099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-67, Class PK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/25/2042 | 180791 | 178305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-7, Class PZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 02/25/2043 | 194822 | 124995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-75, Class FC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 0.364%, 07/25/2042<sup>(a)</sup> | 80372 | 80231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-86, Class CY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 08/25/2043 | 1320900 | 1296079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-86, Class Z, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/25/2043 | 180936 | 144830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-86, Class LG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/25/2043 | 230000 | 204777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-9, Class BC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/25/2042 | 130293 | 140028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-14, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/25/2044 | 82122 | 81139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-8, Class Z, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/25/2034 | 111420 | 109145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-27, Class ME, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 10/25/2044 | 30000 | 28881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-47, Class AY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/25/2045 | 74595 | 68004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-58, Class ZL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/25/2045 | 272476 | 244456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-59, Class LP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/25/2045 | 127000 | 108740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-65, Class LD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 01/25/2036 | 124000 | 121094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-66, Class KC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 09/25/2045 | 381814 | 331011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-75, Class LB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/25/2045 | 103071 | 81155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-26, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/25/2045 | 100521 | 95894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-28, Class TA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 07/25/2043 | 494202 | 398364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-37, Class BK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/25/2046 | 48882 | 47709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-42, Class DA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/25/2045 | 92490 | 89929 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-6, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/25/2044 | $91822 | $89845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-79, Class JC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 11/25/2046 | 340168 | 286888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-8, Class CB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/25/2046 | 43135 | 41688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-10, Class FA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 0.514%, 03/25/2047<sup>(a)</sup> | 22072 | 21967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-15, Class PE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/25/2046 | 39854 | 39186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-25, Class QH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/25/2047 | 243118 | 221056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-38, Class JA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/25/2047 | 56919 | 52868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-38, Class JG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 03/25/2047 | 319172 | 288884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-98, Class JC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 11/25/2047 | 129699 | 117592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-15, Class KG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/25/2048 | 84230 | 73896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-2, Class BA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/25/2045 | 60860 | 60215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-2, Class HD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/25/2047 | 35686 | 35073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-25, Class AL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/25/2048 | 98000 | 91857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-28, Class CA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/25/2048 | 84404 | 77153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-35, Class LB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/25/2048 | 106000 | 98627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-50, Class DY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/25/2047 | 84675 | 79664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-6, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/25/2048 | 58144 | 53568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-8, Class KL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 03/25/2047 | 74833 | 69850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-83, Class LH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/25/2048 | 37416 | 36318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-94, Class KD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/25/2048 | 122658 | 114405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-12, Class HA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 11/25/2057 | 46929 | 46054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-36, Class NJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/25/2049 | 100000 | 87341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-45, Class PT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/25/2049 | 43938 | 40970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-74, Class GL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/25/2049 | 174253 | 129458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-81, Class ML, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/25/2050 | 119847 | 82217 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-10, Class DA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/25/2060 | $262542 | $243012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-38, Class LC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 06/25/2040 | 84911 | 79642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-59, Class H, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/25/2048 | 46246 | 39790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-6, Class KU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 02/25/2051 | 191229 | 115307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-66, Class HU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 10/25/2051 | 366995 | 185593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-72, Class NA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 10/25/2051 | 98024 | 53550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-87, Class QB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 12/25/2051 | 46230 | 28734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-94, Class PU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 01/25/2052 | 39318 | 26103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-90, Class AY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 12/25/2041 | 405000 | 413301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-12, Class GB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/25/2045 | 12032758 | 12278405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-42, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/25/2045 | 6791379 | 6931228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-39, Class AZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/25/2047 | 136998 | 115891 |
|  |  | 38897110 |
| Freddie Mac |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 1998-2034, Class Z, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 02/15/2028 | 2369 | 2407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 1998-2045, Class PD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.750%, 04/15/2028 | 36165 | 36458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 1998-2098, Class ZB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/15/2028 | 219096 | 222607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 1998-2104, Class QH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/15/2028 | 93712 | 96075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-2412, Class OF, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 1.064%, 12/15/2031<sup>(a)</sup> | 47827 | 48333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-2422, Class TA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 02/15/2032 | 202157 | 213118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-2455, Class GK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 05/15/2032 | 14400 | 15213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-2489, Class PE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 08/15/2032 | 248089 | 259761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-2495, Class ZB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 09/15/2032 | 1968 | 1952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-2513, Class AF, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 1.114%, 02/15/2032<sup>(a)</sup> | 14427 | 14597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-2554, Class MN, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/15/2033 | 3809 | 3911 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-2624, Class QH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/15/2033 | $13646 | $14058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-2646, Class ZN, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/15/2033 | 154292 | 158450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-2673, Class PE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 09/15/2033 | 114828 | 119661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-2725, Class TA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 12/15/2033 | 26100 | 26447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-2768, Class PW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 03/15/2034 | 7024 | 7067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-2944, Class OH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 03/15/2035 | 42875 | 45212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-2973, Class GE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/15/2035 | 206000 | 215160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-2978, Class CN, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/15/2035 | 113663 | 119950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-3033, Class WY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 09/15/2035 | 78686 | 81969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-3034, Class ZM, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 09/15/2035 | 439333 | 467223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-3108, Class PZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 02/15/2036 | 206365 | 223360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-3137, Class XP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/15/2036 | 2615 | 2779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-3259, Class ZL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 01/15/2037 | 424425 | 430096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-3271, Class PC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 02/15/2037 | 758611 | 807574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-3388, Class DZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/15/2037 | 191728 | 196433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-3472, Class CZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 08/15/2036 | 1210151 | 1285921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-3485, Class MA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/15/2036 | 29303 | 30568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-3515, Class LE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.979%, 05/15/2037<sup>(a)</sup> | 178447 | 186218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-3533, Class CB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/15/2029 | 31655 | 31685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-3575, Class D, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/15/2037 | 145808 | 148477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-3587, Class DA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 10/15/2039 | 57880 | 58610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3626, Class ME, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 01/15/2040 | 27677 | 28632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3638, Class DB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/15/2040 | 75000 | 78390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3645, Class WD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/15/2040 | 15000 | 15061 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3662, Class QB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 03/15/2038 | $99245 | $102731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3674, Class QN, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 05/15/2036 | 363142 | 358033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3681, Class MT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.544%, 02/15/2038<sup>(a)</sup> | 76473 | 70727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3704, Class CT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 12/15/2036 | 476810 | 514095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3764, Class QY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2030 | 854610 | 847120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-3772, Class NE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 12/15/2040 | 172000 | 164002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-3924, Class LC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/15/2041 | 97967 | 96972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-3943, Class LA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/15/2026 | 22282 | 22185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-3954, Class PG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 07/15/2041 | 33471 | 32506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-3957, Class BZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2041 | 162232 | 160007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-3957, Class HZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2041 | 291730 | 281784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-3966, Class NA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/15/2041 | 113176 | 113177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-3968, Class G, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/15/2026 | 29819 | 29701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-3985, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.367%, 01/15/2042 | 126000 | 116872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-3990, Class GY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 01/15/2042 | 140000 | 127942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-3992, Class HZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/15/2042 | 482682 | 475271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-3994, Class HJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/15/2041 | 227862 | 222052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-3997, Class EC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/15/2042 | 62765 | 57020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4029, Class NE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 03/15/2041 | 94676 | 93172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4039, Class LT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/15/2042 | 40000 | 35921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4050, Class ND, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/15/2041 | 1168 | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4068, Class PE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/15/2042 | 8733 | 8242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4075, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/15/2042 | 22066 | 20902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4077, Class BE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/15/2042 | 15000 | 14517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4093, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/2042 | 59363 | 55426 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4096, Class BY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 08/15/2042 | $190000 | $162657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4101, Class QN, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 09/15/2042 | 5084 | 4732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4112, Class CP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 01/15/2042 | 168760 | 164594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4116, Class UC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 10/15/2042 | 40000 | 30803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4117, Class EB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 10/15/2042 | 83000 | 73558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4118, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 10/15/2042 | 146513 | 131347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4125, Class KP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 05/15/2041 | 62192 | 60794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4135, Class AU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 11/15/2042 | 168055 | 126023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4138, Class HA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 12/15/2027 | 48367 | 47698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4140, Class BW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 12/15/2042 | 150000 | 116013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-4147, Class LW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 12/15/2032 | 190202 | 179311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4160, Class HB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 12/15/2032 | 8809 | 8449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4161, Class BA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 12/15/2041 | 32889 | 32441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4161, Class LT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 08/15/2042 | 7957 | 7595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4161, Class ZW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/15/2033 | 171046 | 150990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4163, Class YL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/15/2043 | 1595600 | 1351733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4171, Class MN, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/15/2043 | 46000 | 36507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4176, Class YD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/15/2043 | 66000 | 57972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4193, Class PK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/15/2043 | 71081 | 69313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4224, Class KC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/15/2032 | 8770 | 8748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4224, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/15/2042 | 271995 | 267286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4229, Class ZA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/15/2043 | 113124 | 111413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-4247, Class AK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 12/15/2042 | 31485 | 31480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-4315, Class UZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/15/2044 | 995679 | 932613 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-4330, Class PE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/15/2043 | $141579 | $138524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-4383, Class WT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.172%, 09/15/2029<sup>(a)</sup> | 113231 | 112281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-4447, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/15/2044 | 151039 | 146675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-4472, Class MA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/15/2045 | 100831 | 97380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-4491, Class CD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 03/15/2040 | 214934 | 191709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-4613, Class AF, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 1.21%, 11/15/2037<sup>(a)</sup> | 255329 | 255822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-4614, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/15/2046 | 112426 | 106807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-4616, Class HP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/15/2046 | 67539 | 62888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-4619, Class GP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/15/2046 | 355424 | 317080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-4619, Class MC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 05/15/2043 | 80313 | 78947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-4621, Class DA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/15/2045 | 102535 | 98502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-4624, Class BA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 04/15/2036 | 168258 | 157747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-4670, Class TY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/15/2047 | 222000 | 187385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-4734, Class WA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.708%, 01/15/2041<sup>(a)</sup> | 205125 | 215566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-4748, Class GA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/15/2045 | 10470 | 10440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4760, Class P, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/15/2044 | 103352 | 102557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4792, Class BD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/15/2048 | 87510 | 84388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4813, Class CJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/15/2048 | 171124 | 154557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4819, Class CB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/15/2048 | 808112 | 783776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4824, Class KQ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/15/2046 | 52874 | 52722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4827, Class LA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/15/2044 | 53841 | 53701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-4839, Class AE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 04/15/2051 | 107665 | 107799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-4879, Class BC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/15/2049 | 123378 | 113766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-4888, Class NW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/15/2049 | 174400 | 139415 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-4911, Class HG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 04/15/2049 | $15631 | $13551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-4919, Class JL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/25/2049 | 484025 | 422330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-4926, Class BP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/25/2049 | 262689 | 239437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-4932, Class CB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/25/2049 | 274929 | 267566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-4961, Class JB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 12/15/2042 | 62453 | 58571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-4988, Class AK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 07/25/2050 | 123547 | 99327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-4989, Class FA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 0.464%, 08/15/2040<sup>(a)</sup> | 29137 | 28743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-4989, Class FB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 0.464%, 10/15/2040<sup>(a)</sup> | 26863 | 26491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-5002, Class TJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 07/25/2050 | 122595 | 106155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-5005, Class DY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 08/25/2050 | 142756 | 66168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-5036, Class NL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 11/25/2050 | 111000 | 68823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-5058, Class LW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 01/25/2051 | 48315 | 24410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5080, Class CA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 02/25/2051 | 30270 | 17679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5083, Class MA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 03/25/2051 | 231266 | 143642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5085, Class HA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 03/25/2051 | 235175 | 130040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5094, Class Z, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 07/25/2050 | 217886 | 159104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-5116, Class HJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/25/2051 | 31738 | 18171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-5206, Class ZY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/25/2052 | 154660 | 124976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-5271, Class A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/25/2047 | 276093 | 280357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-5407, Class LB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/25/2054 | 9033173 | 9453075 |
|  |  | 29398095 |
| Freddie Mac Strips |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-349, Class 300, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/15/2046 | 91208 | 87490 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| Freddie Mac Structured Pass-Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2002-41, Class 3A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.464%, 07/25/2032<sup>(a)</sup> | $12038 | $11329 |
| Ginnie Mae |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-40, Class PZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/16/2033 | 348473 | 347742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2003-52, Class AP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;–%, 06/16/2033<sup>(b)</sup> | 11635 | 10497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-1, Class TE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/20/2033 | 35450 | 35363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-87, Class BC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 10/20/2034 | 4413 | 4403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-13, Class BG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/20/2035 | 55632 | 55960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-20, Class GZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/16/2035 | 149301 | 149249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-51, Class DC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/20/2035 | 2988 | 3008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-73, Class PH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/20/2035 | 100694 | 100492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-17, Class NZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/20/2036 | 203195 | 205838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-20, Class QB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/20/2036 | 170424 | 170187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-38, Class ZK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 08/20/2036 | 124485 | 124207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-35, Class NE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/16/2037 | 974865 | 987685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-57, Class Z, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 10/20/2037 | 199061 | 202467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-38, Class PL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/20/2038 | 13479 | 13807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-50, Class KB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/20/2038 | 99758 | 102532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-55, Class PL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 06/20/2038 | 14912 | 14882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-60, Class JP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/20/2038 | 41564 | 41533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-7, Class PQ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/20/2038 | 4505 | 4493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-7, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/20/2038 | 131485 | 131147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-15, Class FM, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 1.154%, 03/20/2039<sup>(a)</sup> | 32833 | 32844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-45, Class ZB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/20/2039 | 406728 | 432371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-47, Class LT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 06/20/2039 | 64012 | 64249 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-61, Class AP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/20/2039 | $29264 | $28979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-94, Class FA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.814%, 10/16/2039<sup>(a)</sup> | 17397 | 17461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-134, Class YL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 10/20/2040 | 47000 | 47129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-29, Class AD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 10/20/2039 | 74625 | 73614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-H20, Class AF, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.444%, 10/20/2060<sup>(a)</sup> | 9541 | 9523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-H27, Class FA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.494%, 12/20/2060<sup>(a)</sup> | 84969 | 84384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-100, Class MY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 07/20/2041 | 20331 | 20288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-141, Class GH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/16/2041 | 56490 | 46530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-150, Class DW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/16/2041 | 136884 | 124396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-71, Class ZC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/16/2034 | 36963 | 37199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-H11, Class FB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.614%, 04/20/2061<sup>(a)</sup> | 12100 | 12108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-108, Class CB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/20/2042 | 17000 | 14379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-108, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.750%, 09/16/2042 | 38000 | 31505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-116, Class BY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/16/2042 | 60000 | 50782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-124, Class LD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 10/20/2042 | 132325 | 105383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-32, Class PE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/16/2042 | 144000 | 135282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-40, Class PW, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/20/2042 | 103966 | 103170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-61, Class MY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/16/2042 | 25000 | 22180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-65, Class LM, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 05/20/2042 | 128747 | 122109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-77, Class MU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 06/20/2042 | 156704 | 139905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-84, Class QH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 07/16/2042 | 108948 | 100949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-97, Class BP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 08/20/2042 | 146000 | 119297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-H14, Class FK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.694%, 07/20/2062<sup>(a)</sup> | 11982 | 11997 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-H20, Class PT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.438%, 07/20/2062<sup>(a)</sup> | $61657 | $61925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-H30, Class GA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.464%, 12/20/2062<sup>(a)</sup> | 48511 | 48147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-117, Class ED, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/20/2043 | 151000 | 146525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-149, Class BP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 10/20/2043 | 104000 | 88989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-150, Class PY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 10/16/2043 | 120000 | 115394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-152, Class HL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/20/2043 | 100000 | 95566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-22, Class GB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 08/20/2042 | 78152 | 73182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-41, Class MY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/20/2043 | 16480 | 15290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-44, Class CE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 03/16/2043 | 286782 | 235978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-58, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 04/20/2043 | 161384 | 141816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-9, Class KY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/20/2043 | 25000 | 22918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-H22, Class FB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.814%, 08/20/2063<sup>(a)</sup> | 70042 | 70290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-129, Class KJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/16/2039 | 100000 | 92594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-21, Class PB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/16/2044 | 22000 | 20482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-32, Class DA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/20/2044 | 163826 | 146144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-72, Class ML, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/20/2044 | 250257 | 236658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-98, Class ZP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/16/2044 | 247609 | 203776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-H19, Class HA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/20/2064 | 240502 | 233872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2014-H25, Class FB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.594%, 12/20/2064<sup>(a)</sup> | 44860 | 44872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-159, Class XO, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;–%, 12/20/2043<sup>(b)</sup> | 2202733 | 1428262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-31, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/20/2045 | 200000 | 186724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-H29, Class FA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.814%, 10/20/2065<sup>(a)</sup> | 263 | 264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-163, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/20/2046 | 40000 | 32708 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-46, Class Z, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/20/2046 | $33566 | $22635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-66, Class AB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.423%, 08/20/2034<sup>(a)</sup> | 526131 | 552601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-H08, Class FT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.834%, 02/20/2066<sup>(a)</sup> | 12611 | 12669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-H22, Class FA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.88448%, 10/20/2066<sup>(a)</sup> | 175899 | 176547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-H24, Class FG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.864%, 10/20/2066<sup>(a)</sup> | 140613 | 141042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-107, Class T, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/20/2047 | 13853 | 13818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-11, Class PZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 01/20/2047 | 287449 | 238228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-134, Class CG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/20/2047 | 160000 | 140023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-H14, Class FD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.584%, 06/20/2067<sup>(a)</sup> | 12304 | 12305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1, Class QJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/20/2048 | 137000 | 92163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-115, Class CA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/20/2048 | 96962 | 91976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-14, Class P, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.250%, 08/20/2046 | 560813 | 513211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-H07, Class FE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.464%, 02/20/2068<sup>(a)</sup> | 2469 | 2464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-108, Class NJ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/20/2049 | 108133 | 99529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-119, Class JE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 09/20/2049 | 57455 | 52492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-145, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/20/2049 | 167266 | 163392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-153, Class JZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/20/2049 | 191069 | 173825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-158, Class LA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/20/2049 | 259152 | 254450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-18, Class HD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/20/2049 | 120000 | 111131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-20, Class AB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.250%, 02/20/2049 | 174005 | 166647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-61, Class KU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/20/2049 | 376206 | 346306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-85, Class KG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/20/2043 | 95084 | 92657 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-116, Class CA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 08/20/2050 | $330943 | $158966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-122, Class MA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 08/20/2050 | 253959 | 122144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-149, Class WB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 10/20/2050 | 54095 | 25137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-15, Class JH, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/20/2050 | 223231 | 192215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-160, Class KU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 10/20/2050 | 249998 | 133039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-183, Class HM, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 12/20/2050 | 330000 | 185147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-183, Class BK, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 12/20/2050 | 231648 | 119324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-183, Class HY, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 12/20/2050 | 146000 | 63210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-67, Class UA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 05/20/2050 | 126605 | 75173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-98, Class CE, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/20/2050 | 9845 | 9340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-H04, Class FP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.614%, 06/20/2069<sup>(a)</sup> | 27632 | 27670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-H13, Class FC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.564%, 07/20/2070<sup>(a)</sup> | 311963 | 311264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-H20, Class FA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1M CME TERM SOFR + 0.464%, 04/20/2070<sup>(a)</sup> | 154945 | 154043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-225, Class EU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 12/20/2051 | 38350 | 23411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-7, Class TU, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 01/16/2051 | 189999 | 104337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-76, Class ND, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.250%, 08/20/2050 | 2141 | 1725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-97, Class JT, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/20/2051 | 108850 | 58468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-H08, Class AF, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 0.30%, 01/20/2068<sup>(a)</sup> | 497867 | 496924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-H19, Class FM, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30D US SOFR + 0.82%, 12/20/2071<sup>(a)</sup> | 176354 | 177265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-24, Class BC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 02/20/2052 | 149068 | 144372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-36, Class UP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 11/20/2051 | 100000 | 63223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-113, Class JD, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 08/20/2053 | 175000 | 184713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-13, Class CA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 12/20/2051 | 893770 | 801536 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-149, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 01/20/2050 | $260012 | $261081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-170, Class HC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/20/2041 | 271456 | 272405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-173, Class DX, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/20/2053 | 780000 | 821405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-19, Class GZ, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 02/20/2053 | 604486 | 568235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-19, Class WB, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.637%, 11/20/2051<sup>(a)</sup> | 91297 | 95289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-81, Class AL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 08/20/2040 | 275000 | 272642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-20, Class PL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 02/20/2054 | 237000 | 274833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-22, Class EL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 02/20/2054 | 120000 | 94234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-57, Class JL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 05/20/2051 | 105000 | 58075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-77, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 11/20/2052 | 82853 | 86212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-97, Class PA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 02/20/2054 | 106584 | 109415 |
|  |  | 18452464 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** |  |  |
| **(Cost $84,065,868)** |  | 86846488 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES (0.37%)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES (0.37%)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES (0.37%)** |
| Fannie Mae-Aces |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-M11, Class AL, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.944%, 07/25/2039 | 82729 | 77362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-M15, Class 1A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.700%, 01/25/2036 | 400000 | 387129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-M16, Class X, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.155%, 07/25/2031<sup>(a)</sup> | 4548668 | 152886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-M23, Class X3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.324%, 10/25/2031<sup>(a)(c)</sup> | 36668215 | 567708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-M26, Class X1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.603%, 03/25/2030<sup>(a)(c)</sup> | 9805718 | 142930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-M32, Class X2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.121%, 10/25/2029<sup>(a)(c)</sup> | 4037464 | 117254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-M10, Class X2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.715%, 12/25/2030<sup>(a)(c)</sup> | 9552035 | 524926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-M12, Class IO, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.281%, 07/25/2029<sup>(a)(c)</sup> | 2311167 | 70169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-M13, Class X1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.130%, 06/25/2031<sup>(a)(c)</sup> | 4248243 | 129635 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-M15, Class X1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.449%, 09/25/2031<sup>(a)(c)</sup> | $6312672 | $363150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-M19, Class X2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.239%, 12/25/2032<sup>(a)(c)</sup> | 21170543 | 281763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-M30, Class X, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.900%, 07/25/2031<sup>(a)(c)</sup> | 5615566 | 187083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-M21, Class X, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.651%, 03/25/2028<sup>(a)(c)</sup> | 36837757 | 217096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-M3, Class X1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.830%, 11/25/2033<sup>(a)(c)</sup> | 2926989 | 174617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-M8, Class X, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.216%, 11/25/2035<sup>(a)(c)</sup> | 9215433 | 128180 |
|  |  | 3521888 |
| Freddie Mac Multiclass Certificates Series 2020-P003 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-P003, Class A3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.956%, 09/25/2046 | 1400000 | 1129525 |
| Freddie Mac Multifamily Structured Pass Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-KW03, Class X1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.763%, 06/25/2027<sup>(a)(c)</sup> | 34554313 | 235681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-Q006, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.176%, 04/25/2028<sup>(a)</sup> | 1994791 | 1963353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-Q007, Class APT2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.439%, 10/25/2047<sup>(a)</sup> | 585550 | 584340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-K094, Class X1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.872%, 06/25/2029<sup>(a)(c)</sup> | 1933089 | 49480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-Q010, Class APT3, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.060%, 02/25/2027<sup>(a)</sup> | 668961 | 664811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-KG04, Class X1, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.840%, 11/25/2030<sup>(a)</sup> | 4889155 | 157729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-Q014, Class X, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.736%, 10/25/2055<sup>(a)</sup> | 4166377 | 602464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-KJ45, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.660%, 01/25/2031 | 600000 | 616666 |
|  |  | 4874524 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** |  |  |
| **(Cost $9,453,463)** |  | 9525937 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| **MORTGAGE-BACKED SECURITIES (9.40%)** | **MORTGAGE-BACKED SECURITIES (9.40%)** | **MORTGAGE-BACKED SECURITIES (9.40%)** |
| Fannie Mae Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 08/01/2034 | 22167 | 23232 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 01/01/2037 | $169591 | $174623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/01/2037 | 347348 | 355838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2007-943003, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/01/2047 | 30204 | 30949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2008-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.340%, 08/01/2038 | 1166289 | 1163323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2009-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 12/01/2039 | 339698 | 344862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.450%, 11/01/2037 | 134269 | 135792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 02/01/2037 | 247295 | 254172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2010-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 08/01/2028 | 491889 | 490676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-AM1671, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.100%, 12/01/2027 | 75722 | 74581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 03/01/2033 | 253444 | 242847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/01/2043 | 336303 | 317291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 07/01/2043 | 358409 | 345529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.830%, 04/01/2030 | 216857 | 209388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.410%, 01/01/2032 | 140214 | 137053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 06/01/2030 | 148053 | 146721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 02/01/2040 | 559935 | 539971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.541%, 03/01/2038 | 483135 | 505080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.100%, 03/01/2033 | 184740 | 176127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 01/01/2039 | 174541 | 178152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 07/01/2032 | 158339 | 150664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 01/01/2047 | 148820 | 132174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/01/2027 | 1305679 | 1291825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.210%, 11/01/2032 | 60000 | 57436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.260%, 08/01/2029 | 142008 | 140497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.630%, 01/01/2037 | 669693 | 635181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 09/01/2056 | 246905 | 256280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.865%, 05/01/2048 | 518450 | 546160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 02/01/2030 | 297965 | 306658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-AN6670, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.210%, 09/01/2027 | 27262 | 26967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-AN7060, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.930%, 10/01/2027 | 195000 | 192136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/01/2033 | 352976 | 341761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/01/2048 | 254416 | 237227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/01/2048 | 292582 | 266267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.485%, 04/01/2028 | 805000 | 802689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.545%, 04/01/2028 | 479000 | 478010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/01/2040 | 379141 | 383302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 07/01/2040 | 88530 | 89914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 09/01/2040 | 196741 | 196786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/01/2041 | 425574 | 432224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 12/01/2048 | 74918 | 77970 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-387770, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.625%, 07/01/2028 | $115000 | $115053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-387983, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.630%, 08/01/2028 | 197057 | 195382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-AN8272, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.170%, 02/01/2028 | 200000 | 198298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.340%, 05/01/2031 | 229160 | 224626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.800%, 01/01/2029 | 101328 | 101156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 08/01/2048 | 113312 | 112040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.010%, 04/01/2030 | 184219 | 172354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.270%, 12/01/2029 | 182282 | 166273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 09/01/2051 | 951918 | 801229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/01/2051 | 1907021 | 1619693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 01/01/2039 | 203641 | 211213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.010%, 04/01/2032 | 103804 | 99223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.680%, 04/01/2032 | 310000 | 302927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.890%, 07/01/2032 | 200000 | 198237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/01/2050 | 4977546 | 4581950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/01/2044 | 298915 | 290378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.070%, 07/01/2033 | 120000 | 120506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.490%, 06/01/2028 | 40000 | 40606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.520%, 07/01/2033 | 220000 | 227196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.610%, 11/01/2030 | 175878 | 181316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.670%, 07/01/2030 | 185000 | 190333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.775%, 03/01/2035 | 347434 | 358858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.790%, 03/01/2028 | 260000 | 262895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.920%, 08/01/2028 | 200000 | 203172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.980%, 08/01/2028 | 196531 | 199854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.130%, 10/01/2028 | 40000 | 41377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.320%, 02/01/2033 | 250000 | 258740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.350%, 07/01/2033 | 1656000 | 1716333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.470%, 11/01/2033 | 1953840 | 2074985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.555%, 01/01/2030 | 1000000 | 1045054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.620%, 01/01/2032 | 492974 | 525021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 10/01/2028 | 3286276 | 3464800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.220%, 06/01/2032 | 2100000 | 2265167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 06/01/2053 | 1024926 | 1079077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/01/2053 | 5613029 | 5862242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 08/01/2053 | 1589401 | 1666743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 10/01/2053 | 127953 | 133550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 04/01/2053 | 503392 | 522872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 01/01/2054 | 2255467 | 2473441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.340%, 07/01/2029 | 4500000 | 4574629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.790%, 01/01/2029 | 750000 | 759609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.810%, 06/01/2031 | 7415000 | 7727485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/01/2054 | 1338262 | 1392349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 07/01/2054 | 1688694 | 1755141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.470%, 01/01/2034 | 1170000 | 1247838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/01/2054 | 1093637 | 1144206 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 02/01/2054 | $1945909 | $2075545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 05/01/2054 | 1096587 | 1162670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 12/01/2053 | 257604 | 277369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 01/01/2054 | 212992 | 223573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.500%, 03/01/2054 | 270243 | 283668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 02/01/2051 | 17596431 | 13634583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 08/01/2049 | 7502595 | 7130666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/01/2040 | 3244265 | 3379259 |
|  |  | 93961095 |
| Freddie Mac Gold Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2004-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2034 | 66052 | 67495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2005-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 11/01/2035 | 86013 | 89045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2006-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/01/2034 | 193199 | 198349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 04/01/2043 | 1271135 | 1188044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 06/01/2034 | 395473 | 403852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/01/2047 | 1481603 | 1321522 |
|  |  | 3268307 |
| Freddie Mac Non Gold Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5Y US TI + 1.24%, 06/01/2045<sup>(a)</sup> | 367937 | 365870 |
| Freddie Mac Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/01/2043 | 291084 | 271771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/01/2043 | 283468 | 273284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 06/01/2037 | 626439 | 618634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 01/01/2036 | 15416 | 15555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/01/2033 | 92874 | 94136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/01/2049 | 225153 | 202943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 12/01/2045 | 3503411 | 2833849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 06/01/2050 | 648400 | 525414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.000%, 11/01/2036 | 131715 | 116950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.500%, 10/01/2036 | 3788342 | 3431421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/01/2051 | 300546 | 270888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/01/2052 | 4272182 | 3929198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 07/01/2037 | 396412 | 369246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 06/01/2037 | 336984 | 319565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 09/01/2052 | 638639 | 653501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/01/2052 | 234934 | 245238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/01/2038 | 286346 | 298601 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.350%, 01/01/2033 | $1000000 | $1016356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.450%, 04/01/2030 | 1000000 | 1015767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.100%, 06/01/2028 | 1150000 | 1149374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 04/01/2053 | 983151 | 1027001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 07/01/2053 | 752542 | 787211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 08/01/2053 | 3497853 | 3664860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 11/01/2053 | 79218 | 82346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 12/01/2053 | 282602 | 300144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.030%, 02/01/2029 | 5000000 | 5025750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/01/2054 | 3605751 | 3775710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 02/01/2054 | 1402717 | 1473333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 04/01/2054 | 1332636 | 1394226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 08/01/2054 | 1266978 | 1313166 |
|  |  | 36495438 |
| Ginnie Mae I Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/15/2041 | 578628 | 584017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/15/2043 | 468797 | 449505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 06/15/2043 | 105994 | 101921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/15/2045 | 590867 | 545595 |
|  |  | 1681038 |
| Ginnie Mae II Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2011-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 10/20/2041 | 333740 | 323336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2012-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.150%, 12/20/2042 | 256651 | 237755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/20/2042 | 122612 | 115839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 05/20/2042 | 128220 | 120704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 11/20/2042 | 152734 | 144203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/20/2042 | 845358 | 871917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2013-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/20/2043 | 2989352 | 2644030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/20/2043 | 591203 | 557614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/20/2043 | 390191 | 369226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2015-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/20/2040 | 540408 | 500426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.700%, 02/20/2065<sup>(a)</sup> | 173285 | 174473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2016-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 07/20/2046 | 325201 | 298669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 09/20/2046 | 113609 | 108940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 10/20/2046 | 123893 | 118879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2017-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 11/20/2047 | 676841 | 621609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.750%, 07/20/2047 | 2486728 | 2325905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 09/20/2047 | 270466 | 260528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2018-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 04/20/2048 | 328002 | 311437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/20/2048 | 647820 | 645066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 05/20/2048 | 751587 | 741946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 09/20/2048 | 37964 | 38005 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2019-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 11/20/2049 | $792548 | $784285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 07/20/2049 | 665548 | 671247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/20/2049 | 102110 | 106075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2020-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 01/20/2050 | 2585957 | 2352655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 03/20/2050 | 1748056 | 1585926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 12/20/2049 | 829692 | 762293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 05/20/2039 | 169800 | 182240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2021-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 03/20/2051 | 981028 | 819774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.000%, 09/20/2051 | 2774501 | 2318423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/20/2036 | 454880 | 423740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 02/20/2051 | 2779028 | 2407602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 09/20/2051 | 3278310 | 2864440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.500%, 12/20/2051 | 260450 | 228212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 08/20/2051 | 26972 | 25072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 02/20/2051 | 462137 | 439451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 03/20/2051 | 525456 | 493820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 11/20/2036 | 154716 | 161351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 09/20/2051 | 235426 | 252678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2022-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 12/20/2044 | 7148 | 6565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 06/20/2051 | 1215700 | 1104249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.500%, 01/20/2052 | 106733 | 98791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.000%, 12/20/2051 | 316176 | 299356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 11/20/2052 | 246391 | 248191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 07/20/2035 | 155592 | 158662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 12/20/2052 | 4001760 | 3957595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/20/2062 | 4378024 | 4436606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 12/20/2037 | 96221 | 100646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 11/20/2052 | 152502 | 156985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2023-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, 08/20/2053 | 122348 | 125213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 09/20/2053 | 1872808 | 1938442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 09/20/2053 | 664754 | 701285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 10/20/2053 | 33362 | 35035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 11/20/2053 | 1742918 | 1829419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 11/20/2053 | 24119 | 24864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 12/20/2063 | 521334 | 549797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2024-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.000%, 10/20/2050 | 4248981 | 3865507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 01/20/2054 | 289290 | 300329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 02/20/2054 | 3807612 | 3950048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/20/2054 | 2914341 | 3014096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/20/2064 | 6007634 | 6172299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/20/2054 | 6470738 | 6795754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 08/20/2054 | 934037 | 972001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 04/20/2064 | 502775 | 526572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 05/20/2064 | 2250402 | 2356910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 09/20/2064 | 1525995 | 1595644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 10/20/2064 | 2749935 | 2880089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/20/2064 | 2268173 | 2375528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 04/20/2054 | 1057735 | 1093559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, 12/20/2063 | 408809 | 426782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 12/20/2053 | 527602 | 557267 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 08/20/2054 | $2180240 | $2311614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 09/20/2054 | 588182 | 637067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 12/20/2063 | 1015264 | 1065826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.500%, 06/20/2054 | 514309 | 563417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2025-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 06/20/2055 | 1154797 | 1213557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 09/20/2055 | 2816827 | 2883999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 10/20/2064 | 294991 | 308953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 12/20/2064 | 1157276 | 1212049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/20/2065 | 12546730 | 13140574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 2026-, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 09/20/2065 | 406698 | 425947 |
|  |  | 104826880 |
| **TOTAL MORTGAGE-BACKED SECURITIES** |  |  |
| **(Cost $234,409,990)** |  | 240598628 |

---

---

| | | |
|:---|:---|:---|
| | **Principal** | **Value** |
| **CORPORATE BONDS (41.19%)** | **CORPORATE BONDS (41.19%)** | **CORPORATE BONDS (41.19%)** |
| ***Advertising & Marketing (0.06%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omnicom Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.30%, 06/02/2036 | 1600000 | 1588835 |
| ***Aerospace & Defense (3.86%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.53%, 05/01/2034 | 10854000 | 12173065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.01%, 05/01/2064 | 20950000 | 24308853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Dynamics Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95%, 08/15/2035 | 3973000 | 4110734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.90%, 01/29/2036 | 5820000 | 5972208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 04/15/2036 | 2648000 | 2657309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L3Harris Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.35%, 06/01/2034 | 10165000 | 10610602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/15/2035 | 8090000 | 8363901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northrop Grumman Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 07/15/2035 | 13025000 | 13639332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RTX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10%, 03/15/2034 | 15275000 | 16893948 |
| **Total *Aerospace & Defense*** |  | 98729952 |
| ***Airlines (1.53%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alaska Airlines 2020-1 Class A Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80%, 08/15/2027<sup>(d)</sup> | 2824412 | 2849364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AS Mileage Plan IP, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.02%, 10/20/2029<sup>(d)</sup> | 7893000 | 8028777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.31%, 10/20/2031<sup>(d)</sup> | 5907000 | 6025347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southwest Airlines Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 11/15/2035 | 8048000 | 7985511 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Airlines 2020-1 Class A Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 20-1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88%, 10/15/2027 | $1900563 | $1947535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Airlines Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 03/01/2029 | 6104000 | 6163289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.38%, 03/01/2031 | 6035000 | 6160586 |
| **Total *Airlines*** |  | 39160409 |
| ***Apparel & Textile Products (0.98%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gildan Activewear, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.40%, 10/07/2035<sup>(d)</sup> | 13653000 | 13821514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VF Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.95%, 04/23/2030 | 12314000 | 11315003 |
| **Total *Apparel & Textile Products*** |  | 25136517 |
| ***Auto Parts Manufacturing (0.21%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodyear Tire & Rubber Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 04/30/2033 | 1950000 | 1857341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.63%, 07/15/2030 | 3426000 | 3502760 |
| **Total *Auto Parts Manufacturing*** |  | 5360101 |
| ***Automobiles Manufacturing (2.22%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 02/07/2035 | 17946000 | 18821840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.80%, 05/12/2028 | 7250000 | 7585368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Motors Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 04/15/2030 | 2800000 | 2939256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 04/15/2035 | 10950000 | 11768771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 01/08/2036 | 5880000 | 5984421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.55%, 01/08/2031<sup>(d)</sup> | 6411000 | 6472106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 06/24/2026<sup>(d)</sup> | 2942000 | 2954343 |
| **Total *Automobiles Manufacturing*** |  | 56526105 |
| ***Banks (4.13%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital One NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.97%, 08/09/2028<sup>(a)</sup> | 5550000 | 5791783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 07/21/2026 | 2750000 | 2746566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danske Bank A/S |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1Y US TI + 0.95%, 03/01/2028<sup>(a)(d)</sup> | 4588000 | 4656313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1Y US TI + 1.40%, 03/01/2030<sup>(a)(d)</sup> | 3370000 | 3517773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 0.95%, 04/29/2032<sup>(a)</sup> | 6124000 | 6161688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.24%, 01/29/2037<sup>(a)</sup> | 2584000 | 2592960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Citizens BancShares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.41%, 03/12/2031<sup>(a)</sup> | 2108000 | 2147333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5Y US TI + 1.97%, 03/12/2040<sup>(a)</sup> | 13000000 | 13244568 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Bank USA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 0.777%, 03/18/2027<sup>(a)</sup> | $2143000 | $2144230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5Y US TI + 1.35%, 01/28/2041<sup>(a)</sup> | 1343000 | 1350006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Private Bank NA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.02%, 11/19/2031<sup>(a)</sup> | 5570000 | 5605464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pinnacle Financial Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 2.347%, 11/01/2030<sup>(a)</sup> | 11450000 | 12009768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5Y US TI + 1.17%, 01/25/2041<sup>(a)</sup> | 6010000 | 6078181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regions Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 2.06%, 09/06/2035<sup>(a)</sup> | 3567000 | 3699164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 0.867%, 01/26/2032<sup>(a)</sup> | 1289000 | 1303564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.101%, 01/26/2037<sup>(a)</sup> | 773000 | 781616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.10%, 01/23/2037<sup>(a)</sup> | 5920000 | 5944814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.23%, 01/23/2047<sup>(a)</sup> | 3614000 | 3580104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.34%, 09/15/2036<sup>(a)</sup> | 2323000 | 2330634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.74%, 04/23/2036<sup>(a)</sup> | 9575000 | 10073917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 2.02%, 04/24/2034<sup>(a)</sup> | 9300000 | 9694440 |
| **Total *Banks*** |  | 105454886 |
| ***Biotechnology (0.35%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BioMarin Pharmaceutical, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 02/15/2034<sup>(d)</sup> | 4893000 | 4939592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GENMAB A/S/GENMAB FINANCE LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 12/15/2032<sup>(d)</sup> | 3754000 | 3898503 |
| **Total *Biotechnology*** |  | 8838095 |
| ***Cable & Satellite (0.40%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCO Holdings LLC / CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/2028<sup>(d)</sup> | 4961000 | 4953330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 08/01/2027<sup>(d)</sup> | 5306000 | 5306135 |
| **Total *Cable & Satellite*** |  | 10259465 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| ***Casinos & Gaming (0.16%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 02/15/2028<sup>(d)</sup> | $4154000 | $4139392 |
| ***Chemicals (0.51%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celanese US Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.00%, 02/15/2031 | 5684000 | 5857794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eastman Chemical Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 02/20/2031 | 4700000 | 4701200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecolab, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/01/2035 | 2324000 | 2400600 |
| **Total *Chemicals*** |  | 12959594 |
| ***Consumer Finance (1.97%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.237%, 10/24/2036<sup>(a)</sup> | 7304000 | 7236536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.79%, 04/25/2036<sup>(a)</sup> | 1050000 | 1112368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5Y US TI + 1.15%, 02/08/2041<sup>(a)</sup> | 784000 | 801444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SOFRINDX + 1.32%, 01/30/2036<sup>(a)</sup> | 3345000 | 3487371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity National Information Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25%, 03/01/2031 | 5490000 | 4956287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiserv, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.65%, 06/01/2030 | 3700000 | 3434161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 08/11/2035 | 3800000 | 3803248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 03/15/2034 | 3650000 | 3722953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 11/15/2030 | 6340000 | 6335042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.55%, 11/15/2035 | 5900000 | 5871729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.70%, 08/04/2026 | 1500000 | 1497126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.53%, 02/25/2032<sup>(a)</sup> | 1971000 | 1960101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.70%, 02/12/2036 | 6107000 | 6174444 |
| **Total *Consumer Finance*** |  | 50392810 |
| ***Consumer Products (0.24%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L'Oreal SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 05/20/2035<sup>(d)</sup> | 5900000 | 6137819 |
| ***Consumer Services (0.23%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sodexo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.80%, 08/15/2035<sup>(d)</sup> | 5675000 | 5976936 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| ***Diversified Banks (1.35%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 0.87%, 02/06/2032<sup>(a)</sup> | $1845000 | $1859217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.13%, 02/06/2037<sup>(a)</sup> | 1845000 | 1872380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.91%, 04/25/2034<sup>(a)</sup> | 5117000 | 5312225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 0.93%, 04/22/2028<sup>(a)</sup> | 2434000 | 2477983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.07%, 01/22/2037<sup>(a)</sup> | 3866000 | 3890673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.19%, 10/22/2036<sup>(a)</sup> | 4562000 | 4555108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.30%, 02/05/2037<sup>(a)</sup> | 3920000 | 3961458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.62%, 01/23/2035<sup>(a)</sup> | 7176000 | 7481609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.635%, 07/23/2036<sup>(a)</sup> | 3249000 | 3380181 |
| **Total *Diversified Banks*** |  | 34790834 |
| ***Electrical Equipment Manufacturing (0.12%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE Vernova, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 02/04/2036 | 2945000 | 2983406 |
| ***Entertainment Content (1.22%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 05/15/2029 | 2290000 | 2260012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discovery Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.05%, 03/15/2029 | 3798000 | 3760476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.28%, 03/15/2032 | 4418000 | 4064560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.14%, 03/15/2052 | 4370000 | 2873275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.20%, 05/19/2032 | 8328000 | 7337617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 03/15/2043 | 2502000 | 1579336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95%, 05/19/2050 | 3018000 | 1908951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walt Disney Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 03/14/2031 | 1849000 | 1853267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 03/14/2036 | 5821000 | 5806390 |
| **Total *Entertainment Content*** |  | 31443884 |
| ***Exploration & Production (1.90%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascent Resources Utica Holdings LLC / ARU Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.63%, 07/15/2033<sup>(d)</sup> | 353000 | 366538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilcorp Energy I LP / Hilcorp Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 11/01/2028<sup>(d)</sup> | 4240000 | 4272678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.25%, 02/15/2035<sup>(d)</sup> | 10297000 | 10205120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.88%, 09/15/2031 | 10820000 | 12567145 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88%, 07/01/2029<sup>(d)</sup> | $2324000 | $2333103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 02/01/2033<sup>(d)</sup> | 3637000 | 3767938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.00%, 01/15/2032<sup>(d)</sup> | 6218000 | 6529472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.88%, 07/15/2031<sup>(d)</sup> | 2112000 | 2265671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viper Energy Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.70%, 08/01/2035 | 5767000 | 5986002 |
| **Total *Exploration & Production*** |  | 48293667 |
| ***Financial Services (4.23%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affiliated Managers Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 02/15/2036 | 5653000 | 5701955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SOFRINDX + 1.05%, 03/03/2027<sup>(a)(e)</sup> | 3718000 | 3747903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citadel Securities Global Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 06/18/2030<sup>(d)</sup> | 6484000 | 6673234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20%, 06/18/2035<sup>(d)</sup> | 7496000 | 7935270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.19%, 01/21/2037<sup>(a)</sup> | 5940000 | 5984087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.55%, 07/23/2035<sup>(a)</sup> | 5905000 | 6097411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.58%, 04/23/2031<sup>(a)</sup> | 4479000 | 4637560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5Y US TI + 1.18%, 02/02/2041<sup>(a)</sup> | 6257000 | 6212187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jane Street Group / JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.13%, 11/01/2032<sup>(d)</sup> | 3544000 | 3567872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.75%, 05/01/2033<sup>(d)</sup> | 4450000 | 4569924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.13%, 04/30/2031<sup>(d)</sup> | 11550000 | 12023680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.184%, 01/30/2037<sup>(a)</sup> | 3949000 | 3984202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 2.05%, 11/01/2034<sup>(a)</sup> | 6593000 | 7409017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 2.62%, 04/20/2037<sup>(a)</sup> | 6026000 | 6175118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5Y US TI + 1.17%, 01/18/2041<sup>(a)</sup> | 6752000 | 6720244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.314%, 10/22/2036<sup>(a)</sup> | 6325000 | 6294932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.34%, 03/23/2037<sup>(a)(d)</sup> | 8400000 | 8376175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1D US SOFR + 1.34%, 08/10/2037<sup>(a)(d)</sup> | 1965000 | 1983629 |
| **Total *Financial Services*** |  | 108094400 |
| ***Food & Beverage (0.57%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 03/01/2032 | 555000 | 521132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 07/01/2033 | 3925000 | 4235024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.88%, 05/15/2034 | 8692000 | 9736778 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| **Total *Food & Beverage*** |  | 14492934 |
| ***Health Care Facilities & Services (0.58%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38%, 07/15/2031 | $8850000 | $7996514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 09/15/2034 | 5500000 | 5712615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.70%, 11/15/2055 | 1216000 | 1171543 |
| **Total *Health Care Facilities & Services*** |  | 14880672 |
| ***Homebuilders (0.02%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taylor Morrison Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.13%, 08/01/2030<sup>(d)</sup> | 603000 | 608746 |
| ***Integrated Oils (0.57%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabian Oil Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 02/02/2031<sup>(d)</sup> | 2414000 | 2415331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/02/2036<sup>(d)</sup> | 6133000 | 6144806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TotalEnergies Capital USA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.57%, 01/13/2033 | 3079000 | 3118302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.86%, 01/13/2036 | 3078000 | 3111603 |
| **Total *Integrated Oils*** |  | 14790042 |
| ***Internet Media (0.79%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.70%, 11/15/2035 | 6091000 | 6169828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80%, 02/15/2036 | 3700000 | 3762224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.35%, 11/15/2045 | 1260000 | 1266220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 11/15/2055 | 1800000 | 1790481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.65%, 02/15/2056 | 1848000 | 1892347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.70%, 11/15/2075 | 2700000 | 2700536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 11/15/2035 | 2701000 | 2728920 |
| **Total *Internet Media*** |  | 20310556 |
| ***Manufactured Goods (0.09%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chart Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50%, 01/01/2030<sup>(d)</sup> | 2310000 | 2402543 |
| ***Medical Equipment & Devices Manufacturing (2.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65%, 03/15/2036 | 2657000 | 2658858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 03/15/2056 | 2660000 | 2671090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insulet Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 04/01/2033<sup>(d)</sup> | 1919000 | 1997044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medline Borrower LP/Medline Co.-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 04/01/2029<sup>(d)</sup> | 11390000 | 11768399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solventum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 03/13/2031 | 5850000 | 6137731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.60%, 03/23/2034 | 8400000 | 8786047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.90%, 02/12/2036 | 7818000 | 7956604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.55%, 02/12/2046 | 4402000 | 4490772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VSP Optical Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.45%, 12/01/2035<sup>(d)</sup> | 6600000 | 6717664 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| **Total *Medical Equipment & Devices Manufacturing*** |  | 53184209 |
| ***Pharmaceuticals (0.34%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AbbVie, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 03/15/2031 | $1330000 | $1334662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 03/15/2036 | 1330000 | 1337486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amneal Pharmaceuticals LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.88%, 08/01/2032<sup>(d)</sup> | 5721000 | 6021805 |
| **Total *Pharmaceuticals*** |  | 8693953 |
| ***Pipeline (1.76%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 03/01/2028<sup>(d)</sup> | 3874000 | 3879669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.88%, 07/01/2029<sup>(d)</sup> | 7489000 | 7774907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.38%, 02/01/2031<sup>(d)</sup> | 6349000 | 6590403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flex Intermediate Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.36%, 06/30/2031<sup>(d)</sup> | 7300000 | 6802708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.32%, 12/30/2039<sup>(d)</sup> | 5250000 | 4509150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.63%, 12/15/2028<sup>(d)</sup> | 5640000 | 5817350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20%, 09/15/2055 | 3935000 | 4000773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NuStar Logistics LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.38%, 10/01/2030 | 4238000 | 4464784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35%, 01/15/2029 | 1212000 | 1222213 |
| **Total *Pipeline*** |  | 45061957 |
| ***Power Generation (0.44%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Energy Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40%, 01/15/2031 | 2867000 | 2887204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88%, 01/15/2066 | 5633000 | 5627039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.75%, 10/15/2031<sup>(d)</sup> | 2512000 | 2655762 |
| **Total *Power Generation*** |  | 11170005 |
| ***Property & Casualty Insurance (0.22%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown & Brown, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.55%, 06/23/2035 | 5550000 | 5666016 |
| ***Publishing & Broadcasting (0.36%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nexstar Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 11/01/2028<sup>(d)</sup> | 5350000 | 5326973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 07/15/2027<sup>(d)</sup> | 3725000 | 3727790 |
| **Total *Publishing & Broadcasting*** |  | 9054763 |
| ***Real Estate (0.89%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoStar Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.80%, 07/15/2030<sup>(d)</sup> | 6325000 | 5817174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cushman & Wakefield US Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.75%, 05/15/2028<sup>(d)</sup> | 6278000 | 6300174 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLP Capital LP / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 03/01/2036 | $3765000 | $3768577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/15/2028<sup>(d)</sup> | 603000 | 603741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VICI Properties LP / VICI Note Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 08/15/2030<sup>(d)</sup> | 6529000 | 6380455 |
| **Total *Real Estate*** |  | 22870121 |
| ***Refining & Marketing (0.24%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HF Sinclair Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/01/2028 | 1000000 | 999069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.38%, 07/15/2031<sup>(d)</sup> | 990000 | 993549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 03/15/2031<sup>(d)</sup> | 1379000 | 1391503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 07/15/2034<sup>(d)</sup> | 990000 | 991084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88%, 03/15/2034<sup>(d)</sup> | 1879000 | 1887444 |
| **Total *Refining & Marketing*** |  | 6262649 |
| ***Restaurants (0.34%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starbucks Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.35%, 03/12/2050 | 3900000 | 2758541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.40%, 05/15/2035 | 5644000 | 5952834 |
| **Total *Restaurants*** |  | 8711375 |
| ***Retail - Consumer Discretionary (0.22%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65%, 11/20/2035 | 5584000 | 5618080 |
| ***Semiconductors (1.08%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.20%, 07/15/2035 | 4339000 | 4486037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10%, 01/25/2036<sup>(d)</sup> | 5200000 | 5557786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 01/25/2035<sup>(d)</sup> | 5000000 | 5388849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.30%, 01/25/2039<sup>(d)</sup> | 11250000 | 12183219 |
| **Total *Semiconductors*** |  | 27615891 |
| ***Software & Services (1.99%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 05/15/2033<sup>(d)</sup> | 6085000 | 6155624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leidos, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.30%, 02/15/2031 | 1967000 | 1787711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 03/15/2036 | 1854000 | 1850377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.40%, 03/15/2032 | 6071000 | 6335727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.70%, 02/04/2036 | 3619000 | 3622385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.70%, 02/04/2056 | 3683000 | 3573881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synopsys, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.85%, 04/01/2030 | 7370000 | 7548179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.15%, 04/01/2035 | 9820000 | 10061276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VMware LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.20%, 08/15/2031 | 3050000 | 2733631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.70%, 05/15/2030 | 7181000 | 7343797 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| **Total *Software & Services*** |  | 51012588 |
| ***Supermarkets & Pharmacies (0.97%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 03/31/2031<sup>(d)</sup> | $1225000 | $1234776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 02/15/2028<sup>(d)</sup> | 9350000 | 9523302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Albertsons Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 03/31/2032<sup>(d)</sup> | 1901000 | 1909643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kroger Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 09/15/2034 | 12150000 | 12358021 |
| **Total *Supermarkets & Pharmacies*** |  | 25025742 |
| ***Transportation & Logistics (0.30%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88%, 12/01/2033<sup>(d)</sup> | 1140000 | 1164811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fedex Freight Holding Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/15/2036<sup>(d)</sup> | 6536000 | 6518299 |
| **Total *Transportation & Logistics*** |  | 7683110 |
| ***Travel & Lodging (0.53%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 08/01/2028<sup>(d)</sup> | 3134000 | 3114158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.75%, 08/01/2032<sup>(d)</sup> | 10100000 | 10494395 |
| **Total *Travel & Lodging*** |  | 13608553 |
| ***Utilities (0.61%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Water Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.15%, 03/01/2034 | 3408000 | 3545079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 03/01/2035 | 5049000 | 5252019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edison International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80%, 03/15/2031 | 2375000 | 2374414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pacific Gas and Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.20%, 05/01/2036 | 986000 | 989651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 05/01/2056 | 530000 | 523852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xcel Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5Y US TI + 2.168%, 12/03/2056<sup>(a)</sup> | 2944000 | 2951347 |
| **Total *Utilities*** |  | 15636362 |
| ***Wireless Telecommunications Services (0.54%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SoftBank Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.33%, 07/09/2035<sup>(d)</sup> | 6770000 | 6899963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95%, 11/15/2035 | 4298000 | 4339290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 01/15/2036 | 2468000 | 2479898 |
| **Total *Wireless Telecommunications Services*** |  | 13719151 |
| **TOTAL CORPORATE BONDS** |  |  |
| **(Cost $1,031,556,958)** |  | 1054347125 |

---

---

| | | |
|:---|:---|:---|
| <br>**Security Description** | **Principal**<br>**Amount** | **Value**<br>**(Note 2)** |
| **GOVERNMENT BONDS (39.67%)** | **GOVERNMENT BONDS (39.67%)** | **GOVERNMENT BONDS (39.67%)** |
| ***U.S. Treasury Bonds (39.67%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/15/2045 | $106065000 | $106785911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/15/2055 | 127901000 | 127711146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 08/15/2055 | 91519000 | 93220681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 08/15/2045 | 70228000 | 73070039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States Treasury Inflation Indexed Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.63%, 10/15/2029 | 24096102 | 24684050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 10/31/2027 | 37323000 | 37368196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 01/31/2028 | 20146000 | 20186135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 08/31/2027 | 47016000 | 47142723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 06/30/2027 | 19083000 | 19156052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 01/31/2031 | 58256000 | 58856765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 10/31/2032 | 14090000 | 14131830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 05/31/2030 | 43137000 | 44019960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/2035 | 21322000 | 21401958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 01/31/2027 | 57385000 | 57686498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 10/31/2029 | 118260000 | 121024790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 02/15/2036 | 66617000 | 67506962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 01/31/2030 | 79179000 | 81467768 |
| **Total *U.S. Treasury Bonds*** |  | 1015421464 |
| **TOTAL GOVERNMENT BONDS** |  |  |
| **(Cost $998,571,167)** |  | 1015421464 |

---

---

| | | |
|:---|:---|:---|
| |<br>**Shares** | **Value**<br>**(Note 2)** |
| **PREFERRED STOCK (2.60%)** | **PREFERRED STOCK (2.60%)** | **PREFERRED STOCK (2.60%)** |
| ***Energy (0.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Pipeline (0.07%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy Transfer LP, Series B, 4.16%<sup>(f)(g)</sup> | 1712000 | $1735355 |
| **Total *Energy*** |  | 1735355 |
| ***Financials (1.27%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Banks (0.39%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Hawaii., 8.000% | 86678 | 2303034 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Bancorp, 5Y US TI + 2.541%<sup>(a)(f)(g)</sup> | 4402000 | 4364542 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Co., Series BB, 5Y US TI + 3.45%<sup>(a)(f)(g)</sup> | 3302000 | 3300582 |
|  |  | 9968158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Consumer Finance (0.20%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ally Financial, Inc., Series C, 7Y US TI + 3.481%<sup>(f)(g)</sup> | 2500000 | 2364763 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Express Co., 3.550%<sup>(f)(g)</sup> | 2817000 | 2801459 |
|  |  | 5166222 |

---

---

| | | |
|:---|:---|:---|
| |<br>**Shares** | **Value**<br>**(Note 2)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Financial Services (0.66%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Charles Schwab Corp., Series I, 5Y US TI + 3.17%<sup>(a)(f)(g)</sup> | 7818000 | $7796085 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group, Inc., Series X, 5Y US TI + 2.81%<sup>(a)(f)(g)</sup> | 2159000 | 2299497 |
| &nbsp;&nbsp;&nbsp;&nbsp;UBS Group AG, 6.000%<sup>(a)(d)(f)(g)</sup> | 6952000 | 6998690 |
|  |  | 17094272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Life Insurance (0.02%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jackson Financial, Inc., 8.000%<sup>(f)(g)</sup> | 16545 | 427688 |
| **Total *Financials*** |  | 32656340 |
| ***Government (0.31%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Government Agencies (0.31%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CoBank ACB, Series M, 5Y US TI + 2.82%<sup>(a)(f)(g)</sup> | 3826000 | 3981210 |
| &nbsp;&nbsp;&nbsp;&nbsp;Farm Credit Bank of Texas, 5Y US TI + 3.29%<sup>(a)(f)(g)</sup> | 2543000 | 2675595 |
| &nbsp;&nbsp;&nbsp;&nbsp;Farm Credit Bank of Texas, Series 6, 5Y US TI + 3.01%<sup>(a)(f)(g)</sup> | 1156000 | 1199740 |
|  |  | 7856545 |
| **Total *Government*** |  | 7856545 |
| ***Health Care (0.25%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Health Care Facilities & Services (0.25%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CVS Health Corp., 5Y US TI + 2.89%<sup>(a)(g)</sup> | 6200000 | 6524936 |
| **Total *Health Care*** |  | 6524936 |
| ***Utilities (0.70%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Power Generation (0.09%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Vistra Corp., 5Y US TI + 6.930%<sup>(a)(d)(f)(g)</sup> | 2175000 | 2217067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Utilities (0.61%)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Electric Power Co., Inc., 5Y US TI + 2.67%<sup>(a)(f)(g)</sup> | 6865000 | 6770146 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dominion Energy, Inc., 5Y US TI + 2.26%<sup>(a)(g)</sup> | 1763000 | 1790032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dominion Energy, Inc., 5Y US TI + 2.00%<sup>(a)(g)</sup> | 2086000 | 2124501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Entergy Corp., 5Y US TI + 2.67%<sup>(a)(g)</sup> | 2758000 | 2887626 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eversource Energy, Series B<sup>(a)(g)</sup> | 2100000 | 2114185 |
| **Total *Utilities*** |  | 17903557 |

---

---

| | | |
|:---|:---|:---|
| |<br>**Shares** | **Value**<br>**(Note 2)** |
| **TOTAL PREFERRED STOCK** |  |  |
| **(Cost $65,354,433)** |  | $66676733 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7-Day**<br>**Yield** |<br>**Shares** | **Value**<br>**(Note 2)** |
| **SHORT TERM INVESTMENTS (1.76%)** | **SHORT TERM INVESTMENTS (1.76%)** | **SHORT TERM INVESTMENTS (1.76%)** | **SHORT TERM INVESTMENTS (1.76%)** |
| ***Money Market Fund (1.76%)*** | ***Money Market Fund (1.76%)*** | ***Money Market Fund (1.76%)*** | ***Money Market Fund (1.76%)*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds - Government Portfolio | 3.59% | 45153721 | 45153721 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| **(Cost $45,153,721)** |  |  | 45153721 |
| **TOTAL INVESTMENTS (99.31%)** |  |  |  |
| **(Cost $2,492,349,139)** |  |  | $2542294407 |
| **Other Assets In Excess Of Liabilities (0.69%)** |  |  | 17600951 |
| **NET ASSETS (100.00%)** |  |  | $2559895358 |

---

**Investment Abbreviations:**

SOFR - Secured Overnight Financing Rate

SOFRINDX - US SOFR Secured Overnight Financing Rate Compounded Index

TI – Treasury Index

**Reference Rates:**

3M US L - 3 Month LIBOR as of February 28, 2026 was 5.28%

1M US SOFR - 1 Month SOFR as of February 28, 2026 was 3.67%

3M US SOFR - 3 Month SOFR as of February 28, 2026 was 3.73%

7Y US TI - 7 Year US Treasury Index as of February 28, 2026 was 3.72%

30D US SOFR - 30 Day SOFR as of February 28, 2026 was 3.67%

1D US SOFR - 1 Day SOFR as of February 28, 2026 was 3.68%

1M CME TERM SOFR - 1 Month CME TERM SOFR as of February 28, 2026 was 3.67%

1Y US TI - 1 Year US TI as of February 28, 2026 was 3.48%

5Y US TI - 5 Year US TI as of February 28, 2026 was 3.51%

*<sup>(a)</sup>* *Floating or variable rate security. The reference rate is described above. The rate in effect as of February 28, 2026 is based on the reference rate plus the displayed spread as of the security's last reset date.*

*<sup>(b)</sup>* *Issued with zero coupon.*

*<sup>(c)</sup>* *Interest only security.*

*<sup>(d)</sup>* *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. As of February 28, 2026, the aggregate market value of those securities was $347,434,304, representing 13.57% of net assets.*

*<sup>(e)</sup>* *The SOFRINDX is a compounded average of the daily Secured Overnight Financing Rate determined by reference to the SOFR Index for any interest period.*

*<sup>(f)</sup>* *Perpetual maturity. This security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.*

*<sup>(g)</sup>* *Non-Income Producing Security.*

 

*See Notes to Quarterly Schedule of Investments.*

Barron's 400 ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (97.77%)** |  |  |
| ***Communication Services (3.07%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | 2025 | $631314 |
| &nbsp;&nbsp;&nbsp;Cargurus, Inc.<sup>(a)</sup> | 13513 | 414849 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comcast Corp., Class A | 14746 | 456536 |
| &nbsp;&nbsp;&nbsp;EverQuote, Inc.<sup>(a)</sup> | 19855 | 313709 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fox Corp. | 9224 | 477158 |
| &nbsp;&nbsp;&nbsp;&nbsp;IDT Corp., Class B, Class B | 7350 | 374483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | 642 | 416132 |
| &nbsp;&nbsp;&nbsp;Netflix, Inc.<sup>(a)</sup> | 4181 | 402379 |
| &nbsp;&nbsp;&nbsp;&nbsp;New York Times Co., Class A | 8262 | 659225 |
| &nbsp;&nbsp;&nbsp;Pinterest, Inc., Class A<sup>(a)</sup> | 13888 | 237901 |
| &nbsp;&nbsp;&nbsp;Reddit, Inc.<sup>(a)</sup> | 1920 | 279955 |
| &nbsp;&nbsp;&nbsp;&nbsp;T-Mobile US, Inc. | 2012 | 436785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications, Inc. | 11077 | 555401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walt Disney Co. | 4196 | 444944 |
| &nbsp;&nbsp;&nbsp;Yelp, Inc.<sup>(a)(b)</sup> | 15742 | 350889 |
| **Total Communication Services** |  | 6451660 |
| ***Consumer Discretionary (12.30%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Abercrombie & Fitch Co., Class A<sup>(a)</sup> | 5643 | 551885 |
| &nbsp;&nbsp;&nbsp;Airbnb, Inc., Class A<sup>(a)</sup> | 3968 | 536117 |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 2176 | 456960 |
| &nbsp;&nbsp;&nbsp;Boot Barn Holdings, Inc.<sup>(a)</sup> | 2764 | 523004 |
| &nbsp;&nbsp;&nbsp;&nbsp;Boyd Gaming Corp. | 5749 | 478489 |
| &nbsp;&nbsp;&nbsp;Brinker International, Inc.<sup>(a)</sup> | 3171 | 469942 |
| &nbsp;&nbsp;&nbsp;Build-A-Bear Workshop, Inc.<sup>(b)</sup> | 6576 | 319988 |
| &nbsp;&nbsp;&nbsp;Burlington Stores, Inc.<sup>(a)</sup> | 1854 | 568937 |
| &nbsp;&nbsp;&nbsp;&nbsp;Carnival Corp. | 15454 | 487574 |
| &nbsp;&nbsp;&nbsp;Carvana Co.<sup>(a)(b)</sup> | 1369 | 457465 |
| &nbsp;&nbsp;&nbsp;Cavco Industries, Inc.<sup>(a)</sup> | 909 | 524729 |
| &nbsp;&nbsp;&nbsp;Covista, Inc.<sup>(a)</sup> | 3552 | 348096 |
| &nbsp;&nbsp;&nbsp;Cricut, Inc.<sup>(b)</sup> | 73596 | 316463 |
| &nbsp;&nbsp;&nbsp;Deckers Outdoor Corp.<sup>(a)</sup> | 4117 | 482801 |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods, Inc.<sup>(b)</sup> | 2249 | 457964 |
| &nbsp;&nbsp;&nbsp;Dorman Products, Inc.<sup>(a)</sup> | 3026 | 356644 |
| &nbsp;&nbsp;&nbsp;&nbsp;eBay, Inc. | 5366 | 487555 |
| &nbsp;&nbsp;&nbsp;&nbsp;Expedia, Inc. | 2211 | 476891 |
| &nbsp;&nbsp;&nbsp;Frontdoor, Inc.<sup>(a)</sup> | 7355 | 504332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gentex Corp. | 17132 | 400889 |
| &nbsp;&nbsp;&nbsp;GigaCloud Technology, Inc.<sup>(a)</sup> | 16317 | 723496 |
| &nbsp;&nbsp;&nbsp;Grand Canyon Education, Inc.<sup>(a)</sup> | 2324 | 369679 |
| &nbsp;&nbsp;&nbsp;Green Brick Partners, Inc.<sup>(a)</sup> | 6623 | 487850 |
| &nbsp;&nbsp;&nbsp;Installed Building Products, Inc.<sup>(b)</sup> | 1819 | 596196 |
| &nbsp;&nbsp;&nbsp;Kontoor Brands, Inc.<sup>(b)</sup> | 6008 | 391782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Las Vegas Sands Corp. | 9103 | 516322 |
| &nbsp;&nbsp;&nbsp;Laureate Education, Inc.<sup>(a)</sup> | 16870 | 545576 |
| &nbsp;&nbsp;&nbsp;Levi Strauss & Co., Class A<sup>(b)</sup> | 22252 | 493104 |
| &nbsp;&nbsp;&nbsp;&nbsp;Monarch Casino & Resort, Inc. | 4683 | 450036 |
| &nbsp;&nbsp;&nbsp;Norwegian Cruise Line Holdings, Ltd.<sup>(a)(b)</sup> | 18294 | 453508 |
| &nbsp;&nbsp;&nbsp;NVR, Inc.<sup>(a)</sup> | 61 | 458585 |
| &nbsp;&nbsp;&nbsp;&nbsp;Perdoceo Education Corp. | 14003 | 467000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Consumer Discretionary (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PulteGroup, Inc. | 3552 | $487334 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ralph Lauren Corp. | 1569 | 568919 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ross Stores, Inc. | 3288 | 676144 |
| &nbsp;&nbsp;&nbsp;Royal Caribbean Cruises, Ltd.<sup>(b)</sup> | 1451 | 451203 |
| &nbsp;&nbsp;&nbsp;Rush Street Interactive, Inc.<sup>(a)</sup> | 23042 | 455080 |
| &nbsp;&nbsp;&nbsp;Sally Beauty Holdings, Inc.<sup>(a)(b)</sup> | 32469 | 521777 |
| &nbsp;&nbsp;&nbsp;SharkNinja, Inc.<sup>(a)(b)</sup> | 4272 | 524901 |
| &nbsp;&nbsp;&nbsp;&nbsp;Standard Motor Products, Inc. | 12039 | 477708 |
| &nbsp;&nbsp;&nbsp;Stride, Inc.<sup>(a)(b)</sup> | 3081 | 259975 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse, Inc. | 2929 | 535626 |
| &nbsp;&nbsp;&nbsp;&nbsp;TJX Cos., Inc. | 3496 | 565163 |
| &nbsp;&nbsp;&nbsp;&nbsp;Toll Brothers, Inc. | 3392 | 533358 |
| &nbsp;&nbsp;&nbsp;TopBuild Corp.<sup>(a)(b)</sup> | 1162 | 520925 |
| &nbsp;&nbsp;&nbsp;Tractor Supply Co.<sup>(b)</sup> | 8048 | 417208 |
| &nbsp;&nbsp;&nbsp;Ulta Beauty, Inc.<sup>(a)</sup> | 946 | 647811 |
| &nbsp;&nbsp;&nbsp;Universal Technical Institute, Inc.<sup>(a)(b)</sup> | 17931 | 649102 |
| &nbsp;&nbsp;&nbsp;Urban Outfitters, Inc.<sup>(a)</sup> | 7200 | 476640 |
| &nbsp;&nbsp;&nbsp;Visteon Corp.<sup>(b)</sup> | 3911 | 374165 |
| &nbsp;&nbsp;&nbsp;&nbsp;Williams-Sonoma, Inc. | 2481 | 510218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wyndham Hotels & Resorts, Inc. | 5664 | 463315 |
| &nbsp;&nbsp;&nbsp;XPEL, Inc.<sup>(a)(b)</sup> | 14045 | 598598 |
| **Total Consumer Discretionary** |  | 25875029 |
| ***Consumer Staples (2.82%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods, Inc.<sup>(b)</sup> | 4405 | 383720 |
| &nbsp;&nbsp;&nbsp;&nbsp;Casey's General Stores, Inc. | 894 | 612917 |
| &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Consolidated, Inc. | 4068 | 823363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Colgate-Palmolive Co. | 5846 | 579572 |
| &nbsp;&nbsp;&nbsp;Energizer Holdings, Inc.<sup>(b)</sup> | 16474 | 355674 |
| &nbsp;&nbsp;&nbsp;&nbsp;Kimberly-Clark Corp. | 3813 | 424921 |
| &nbsp;&nbsp;&nbsp;Maplebear, Inc.<sup>(a)(b)</sup> | 10508 | 394155 |
| &nbsp;&nbsp;&nbsp;Monster Beverage Corp.<sup>(a)</sup> | 7531 | 642394 |
| &nbsp;&nbsp;&nbsp;Niagen Bioscience, Inc.<sup>(a)(b)</sup> | 50626 | 255661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oil-Dri Corp. of America | 7446 | 505137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pilgrim's Pride Corp. | 11172 | 482184 |
| &nbsp;&nbsp;&nbsp;Sprouts Farmers Market, Inc.<sup>(a)</sup> | 3577 | 264233 |
| &nbsp;&nbsp;&nbsp;Vital Farms, Inc.<sup>(a)(b)</sup> | 10019 | 211301 |
| **Total Consumer Staples** |  | 5935232 |
| ***Energy (6.03%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Archrock, Inc. | 19960 | 705187 |
| &nbsp;&nbsp;&nbsp;&nbsp;Baker Hughes Co. | 10470 | 683272 |
| &nbsp;&nbsp;&nbsp;&nbsp;California Resources Corp. | 9196 | 541093 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy, Inc. | 2070 | 487961 |
| &nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corp. | 14012 | 609942 |
| &nbsp;&nbsp;&nbsp;&nbsp;EOG Resources, Inc. | 4116 | 510713 |
| &nbsp;&nbsp;&nbsp;&nbsp;EQT Corp. | 9570 | 587790 |
| &nbsp;&nbsp;&nbsp;&nbsp;Halliburton Co. | 21903 | 788508 |
| &nbsp;&nbsp;&nbsp;Innovex International, Inc.<sup>(a)(b)</sup> | 29301 | 772081 |
| &nbsp;&nbsp;&nbsp;Oceaneering International, Inc.<sup>(a)</sup> | 20069 | 712450 |
| &nbsp;&nbsp;&nbsp;&nbsp;SandRidge Energy, Inc. | 43332 | 759610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Schlumberger Ltd. | 13686 | 702639 |
| &nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Corp. | 2929 | 690658 |
| &nbsp;&nbsp;&nbsp;&nbsp;TechnipFMC PLC | 12218 | 810176 |
| &nbsp;&nbsp;&nbsp;TETRA Technologies, Inc.<sup>(a)</sup> | 103892 | 899705 |
| &nbsp;&nbsp;&nbsp;Tidewater, Inc.<sup>(a)(b)</sup> | 8236 | 654103 |
| &nbsp;&nbsp;&nbsp;Venture Global, Inc.<sup>(b)</sup> | 35774 | 346650 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Energy (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Viper Energy, Inc. | 12621 | $587381 |
| &nbsp;&nbsp;&nbsp;&nbsp;Weatherford International PLC | 7820 | 824697 |
| **Total Energy** |  | 12674616 |
| ***Financials (19.15%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Source Corp. | 7697 | 515776 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Coastal Insurance Corp. | 44152 | 502891 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ameris Bancorp | 6545 | 508285 |
| &nbsp;&nbsp;&nbsp;Artisan Partners Asset Management, Inc., Class A<sup>(b)</sup> | 10515 | 423544 |
| &nbsp;&nbsp;&nbsp;Atlanticus Holdings Corp.<sup>(a)(b)</sup> | 6742 | 352674 |
| &nbsp;&nbsp;&nbsp;Axos Financial, Inc.<sup>(a)</sup> | 5323 | 462143 |
| &nbsp;&nbsp;&nbsp;&nbsp;BancFirst Corp. | 3648 | 401280 |
| &nbsp;&nbsp;&nbsp;Bancorp, Inc.<sup>(a)</sup> | 6422 | 337091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of NT Butterfield & Son, Ltd. | 10774 | 546780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank OZK | 9337 | 434731 |
| &nbsp;&nbsp;&nbsp;Burke & Herbert Financial Services Corp.<sup>(b)</sup> | 7916 | 510107 |
| &nbsp;&nbsp;&nbsp;Cantaloupe, Inc.<sup>(a)</sup> | 45090 | 470740 |
| &nbsp;&nbsp;&nbsp;&nbsp;CBOE Holdings, Inc. | 2082 | 624017 |
| &nbsp;&nbsp;&nbsp;&nbsp;City Holding Co. | 3856 | 462604 |
| &nbsp;&nbsp;&nbsp;Coinbase Global, Inc.<sup>(a)(b)</sup> | 1505 | 264654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Columbia Banking System, Inc. | 18685 | 531588 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commerce Bancshares, Inc. | 8577 | 437341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Community Trust Bancorp, Inc. | 8556 | 513702 |
| &nbsp;&nbsp;&nbsp;Corpay, Inc.<sup>(a)</sup> | 1590 | 516909 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diamond Hill Investment Group, Inc. | 3426 | 588827 |
| &nbsp;&nbsp;&nbsp;&nbsp;East West Bancorp, Inc. | 4456 | 487709 |
| &nbsp;&nbsp;&nbsp;Enova International, Inc.<sup>(a)</sup> | 4230 | 588181 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enterprise Financial Services Corp. | 8048 | 459541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity Bancshares, Inc. | 11704 | 525276 |
| &nbsp;&nbsp;&nbsp;Esquire Financial Holdings, Inc.<sup>(b)</sup> | 5020 | 506920 |
| &nbsp;&nbsp;&nbsp;&nbsp;Evercore, Inc., Class A | 1451 | 448127 |
| &nbsp;&nbsp;&nbsp;&nbsp;EVERTEC, Inc. | 14564 | 412307 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federated Hermes, Inc. | 9090 | 509131 |
| &nbsp;&nbsp;&nbsp;&nbsp;First BanCorp | 22404 | 473397 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Business Financial Services, Inc. | 9399 | 513655 |
| &nbsp;&nbsp;&nbsp;First Citizens BancShares, Inc., Class A<sup>(b)</sup> | 248 | 470741 |
| &nbsp;&nbsp;&nbsp;Fulton Financial Corp.<sup>(b)</sup> | 25072 | 512722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hamilton Insurance Group, Ltd. | 20410 | 644752 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hamilton Lane, Inc., Class A | 3278 | 343993 |
| &nbsp;&nbsp;&nbsp;Hancock Whitney Corp.<sup>(b)</sup> | 7710 | 507395 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hanover Insurance Group, Inc. | 2698 | 487340 |
| &nbsp;&nbsp;&nbsp;&nbsp;HCI Group, Inc. | 2698 | 475981 |
| &nbsp;&nbsp;&nbsp;Home BancShares, Inc.<sup>(b)</sup> | 16324 | 448257 |
| &nbsp;&nbsp;&nbsp;&nbsp;Huntington Bancshares, Inc. | 59373 | 997466 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interactive Brokers Group, Inc. | 7804 | 555567 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Bancshares Corp. | 6906 | 463462 |
| &nbsp;&nbsp;&nbsp;Kinsale Capital Group, Inc.<sup>(b)</sup> | 1126 | 438768 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A | 837 | 432905 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mercantile Bank Corp. | 10200 | 526932 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mercury General Corp. | 6134 | 555618 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Financials (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Moelis & Co., Class A | 6518 | $386908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nicolet Bankshares, Inc. | 3617 | 552533 |
| &nbsp;&nbsp;&nbsp;Northeast Bank<sup>(b)</sup> | 4405 | 488426 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northrim BanCorp, Inc. | 21338 | 501230 |
| &nbsp;&nbsp;&nbsp;&nbsp;OFG Bancorp | 11131 | 446130 |
| &nbsp;&nbsp;&nbsp;&nbsp;Old Second Bancorp, Inc. | 26673 | 523591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Orrstown Financial Services, Inc. | 13821 | 496727 |
| &nbsp;&nbsp;&nbsp;Palomar Holdings, Inc.<sup>(a)</sup> | 4171 | 515994 |
| &nbsp;&nbsp;&nbsp;&nbsp;Park National Corp. | 2867 | 471707 |
| &nbsp;&nbsp;&nbsp;Paymentus Holdings, Inc.<sup>(a)</sup> | 14879 | 364089 |
| &nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings, Inc. | 7292 | 336963 |
| &nbsp;&nbsp;&nbsp;&nbsp;Popular, Inc. | 3938 | 533048 |
| &nbsp;&nbsp;&nbsp;Preferred Bank<sup>(b)</sup> | 5196 | 455793 |
| &nbsp;&nbsp;&nbsp;&nbsp;PROG Holdings, Inc. | 13708 | 482659 |
| &nbsp;&nbsp;&nbsp;&nbsp;Progressive Corp. | 1962 | 419201 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provident Financial Services, Inc. | 24571 | 516974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regions Financial Corp. | 17929 | 498964 |
| &nbsp;&nbsp;&nbsp;&nbsp;RenaissanceRe Holdings, Ltd. | 1974 | 597056 |
| &nbsp;&nbsp;&nbsp;&nbsp;Republic Bancorp, Inc. | 6412 | 442428 |
| &nbsp;&nbsp;&nbsp;&nbsp;SEI Investments Co. | 5631 | 457913 |
| &nbsp;&nbsp;&nbsp;&nbsp;ServisFirst Bancshares, Inc. | 5821 | 471559 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shore Bancshares, Inc. | 28593 | 531258 |
| &nbsp;&nbsp;&nbsp;Skyward Specialty Insurance Group, Inc.<sup>(a)</sup> | 10567 | 491048 |
| &nbsp;&nbsp;&nbsp;&nbsp;Southern Missouri Bancorp, Inc. | 8758 | 542208 |
| &nbsp;&nbsp;&nbsp;Stock Yards Bancorp, Inc.<sup>(b)</sup> | 6328 | 405878 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Hartford Financial Services Group, Inc. | 3678 | 517973 |
| &nbsp;&nbsp;&nbsp;&nbsp;Travelers Cos., Inc. | 1748 | 539503 |
| &nbsp;&nbsp;&nbsp;Trinity Capital, Inc.<sup>(b)</sup> | 30267 | 447649 |
| &nbsp;&nbsp;&nbsp;Trustmark Corp.<sup>(b)</sup> | 12121 | 516233 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Bankshares, Inc. | 13022 | 537809 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unity Bancorp, Inc. | 9383 | 499082 |
| &nbsp;&nbsp;&nbsp;Velocity Financial, Inc.<sup>(a)(b)</sup> | 26017 | 483656 |
| &nbsp;&nbsp;&nbsp;&nbsp;Virtu Financial, Inc., Class A | 13297 | 550629 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc., Class A | 1460 | 467404 |
| &nbsp;&nbsp;&nbsp;&nbsp;Webster Financial Corp. | 7927 | 571775 |
| &nbsp;&nbsp;&nbsp;&nbsp;Westamerica BanCorp | 10015 | 507260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wintrust Financial Corp. | 3596 | 518040 |
| **Total Financials** |  | 40279125 |
| ***Health Care (13.09%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 3637 | 423165 |
| &nbsp;&nbsp;&nbsp;ACADIA Pharmaceuticals, Inc.<sup>(a)</sup> | 20625 | 506550 |
| &nbsp;&nbsp;&nbsp;Addus HomeCare Corp.<sup>(a)</sup> | 4511 | 467024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amgen, Inc. | 1785 | 692866 |
| &nbsp;&nbsp;&nbsp;Amphastar Pharmaceuticals, Inc.<sup>(a)</sup> | 17378 | 351557 |
| &nbsp;&nbsp;&nbsp;Ardent Health, Inc.<sup>(a)(b)</sup> | 37195 | 349261 |
| &nbsp;&nbsp;&nbsp;Biogen, Inc.<sup>(a)</sup> | 3363 | 645091 |
| &nbsp;&nbsp;&nbsp;BioMarin Pharmaceutical, Inc.<sup>(a)</sup> | 9004 | 555817 |
| &nbsp;&nbsp;&nbsp;Boston Scientific Corp.<sup>(a)</sup> | 4738 | 364115 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb Co. | 10535 | 657068 |
| &nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals, Inc.<sup>(a)</sup> | 24387 | 562852 |
| &nbsp;&nbsp;&nbsp;CorMedix, Inc.<sup>(a)(b)</sup> | 37598 | 268074 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Health Care (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Dexcom, Inc.<sup>(a)</sup> | 6388 | $469071 |
| &nbsp;&nbsp;&nbsp;Doximity, Inc., Class A<sup>(a)</sup> | 6853 | 168104 |
| &nbsp;&nbsp;&nbsp;&nbsp;Eli Lilly & Co. | 652 | 685898 |
| &nbsp;&nbsp;&nbsp;&nbsp;Encompass Health Corp. | 3870 | 417496 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ensign Group, Inc. | 2900 | 621093 |
| &nbsp;&nbsp;&nbsp;Exelixis, Inc.<sup>(a)</sup> | 12436 | 547930 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences, Inc. | 4246 | 632442 |
| &nbsp;&nbsp;&nbsp;Globus Medical, Inc., Class A<sup>(a)</sup> | 8400 | 801864 |
| &nbsp;&nbsp;&nbsp;Halozyme Therapeutics, Inc.<sup>(a)</sup> | 6342 | 440959 |
| &nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings, Inc.<sup>(a)(b)</sup> | 15035 | 429099 |
| &nbsp;&nbsp;&nbsp;IDEXX Laboratories, Inc.<sup>(a)</sup> | 758 | 497801 |
| &nbsp;&nbsp;&nbsp;Illumina, Inc.<sup>(a)</sup> | 5190 | 697847 |
| &nbsp;&nbsp;&nbsp;Incyte Corp.<sup>(a)</sup> | 5861 | 593543 |
| &nbsp;&nbsp;&nbsp;Insulet Corp.<sup>(a)</sup> | 1422 | 350679 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical, Inc.<sup>(a)</sup> | 1079 | 543287 |
| &nbsp;&nbsp;&nbsp;&nbsp;iRadimed Corp. | 6830 | 707110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 2782 | 691132 |
| &nbsp;&nbsp;&nbsp;&nbsp;LeMaitre Vascular, Inc. | 5276 | 570758 |
| &nbsp;&nbsp;&nbsp;Medpace Holdings, Inc.<sup>(a)</sup> | 989 | 446791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Merck & Co., Inc. | 5883 | 728433 |
| &nbsp;&nbsp;&nbsp;Neurocrine Biosciences, Inc.<sup>(a)</sup> | 3436 | 454411 |
| &nbsp;&nbsp;&nbsp;NovaBridge Biosciences, ADR<sup>(a)(b)</sup> | 119062 | 390523 |
| &nbsp;&nbsp;&nbsp;Nutex Health, Inc.<sup>(a)(b)</sup> | 5048 | 557602 |
| &nbsp;&nbsp;&nbsp;Penumbra, Inc.<sup>(a)</sup> | 1784 | 614392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pfizer, Inc. | 20405 | 564198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Quest Diagnostics, Inc. | 2663 | 564316 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals, Inc. | 877 | 685525 |
| &nbsp;&nbsp;&nbsp;&nbsp;ResMed, Inc. | 1808 | 463318 |
| &nbsp;&nbsp;&nbsp;Rigel Pharmaceuticals, Inc.<sup>(a)(b)</sup> | 13014 | 452106 |
| &nbsp;&nbsp;&nbsp;&nbsp;SIGA Technologies, Inc. | 54660 | 353650 |
| &nbsp;&nbsp;&nbsp;Stoke Therapeutics, Inc.<sup>(a)(b)</sup> | 21071 | 767195 |
| &nbsp;&nbsp;&nbsp;Tenet Healthcare Corp.<sup>(a)</sup> | 2526 | 604699 |
| &nbsp;&nbsp;&nbsp;TransMedics Group, Inc.<sup>(a)(b)</sup> | 4331 | 629121 |
| &nbsp;&nbsp;&nbsp;United Therapeutics Corp.<sup>(a)</sup> | 1221 | 615262 |
| &nbsp;&nbsp;&nbsp;&nbsp;Universal Health Services, Inc., Class B | 2543 | 524112 |
| &nbsp;&nbsp;&nbsp;Veeva Systems, Inc., Class A<sup>(a)</sup> | 1762 | 320702 |
| &nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 1253 | 622528 |
| &nbsp;&nbsp;&nbsp;Waters Corp.<sup>(a)</sup> | 1668 | 532726 |
| &nbsp;&nbsp;&nbsp;&nbsp;West Pharmaceutical Services, Inc. | 1925 | 489605 |
| &nbsp;&nbsp;&nbsp;&nbsp;Zoetis, Inc. | 3289 | 431188 |
| **Total Health Care** |  | 27521956 |
| ***Industrials (21.23%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Advanced Drainage Systems, Inc. | 3446 | 590438 |
| &nbsp;&nbsp;&nbsp;&nbsp;AMETEK, Inc. | 2612 | 624843 |
| &nbsp;&nbsp;&nbsp;&nbsp;Applied Industrial Technologies, Inc. | 1853 | 523621 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argan, Inc. | 2115 | 954394 |
| &nbsp;&nbsp;&nbsp;&nbsp;Armstrong World Industries, Inc. | 2478 | 429933 |
| &nbsp;&nbsp;&nbsp;ATI, Inc.<sup>(a)</sup> | 6482 | 1060390 |
| &nbsp;&nbsp;&nbsp;&nbsp;Atmus Filtration Technologies, Inc. | 10508 | 678081 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Industrials (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Automatic Data Processing, Inc. | 1654 | $354551 |
| &nbsp;&nbsp;&nbsp;AZZ, Inc.<sup>(b)</sup> | 4160 | 565677 |
| &nbsp;&nbsp;&nbsp;Blue Bird Corp.<sup>(a)(b)</sup> | 8414 | 490284 |
| &nbsp;&nbsp;&nbsp;Booz Allen Hamilton Holding Corp.<sup>(b)</sup> | 4656 | 367033 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadridge Financial Solutions, Inc. | 1974 | 366907 |
| &nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies, Inc. | 2950 | 607641 |
| &nbsp;&nbsp;&nbsp;CACI International, Inc., Class A<sup>(a)</sup> | 990 | 604068 |
| &nbsp;&nbsp;&nbsp;&nbsp;Carlisle Cos., Inc. | 1328 | 524255 |
| &nbsp;&nbsp;&nbsp;&nbsp;Carpenter Technology Corp. | 2033 | 809276 |
| &nbsp;&nbsp;&nbsp;&nbsp;Caterpillar, Inc. | 1147 | 852026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cintas Corp. | 2408 | 484321 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comfort Systems USA, Inc. | 655 | 936237 |
| &nbsp;&nbsp;&nbsp;&nbsp;Crane Co. | 2664 | 534212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cummins, Inc. | 1183 | 690718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Curtiss-Wright Corp. | 974 | 682121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines, Inc. | 8142 | 534929 |
| &nbsp;&nbsp;&nbsp;Dycom Industries, Inc.<sup>(a)</sup> | 1915 | 804338 |
| &nbsp;&nbsp;&nbsp;&nbsp;EMCOR Group, Inc. | 769 | 557233 |
| &nbsp;&nbsp;&nbsp;Everus Construction Group, Inc.<sup>(a)</sup> | 6188 | 747944 |
| &nbsp;&nbsp;&nbsp;ExlService Holdings, Inc.<sup>(a)</sup> | 11189 | 349656 |
| &nbsp;&nbsp;&nbsp;&nbsp;Expeditors International of Washington, Inc. | 3940 | 571418 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fastenal Co. | 10273 | 472969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Signal Corp. | 3875 | 451166 |
| &nbsp;&nbsp;&nbsp;Generac Holdings, Inc.<sup>(a)</sup> | 2646 | 596329 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Dynamics Corp. | 1521 | 543073 |
| &nbsp;&nbsp;&nbsp;&nbsp;General Electric Co. | 1748 | 598271 |
| &nbsp;&nbsp;&nbsp;&nbsp;Genpact, Ltd. | 11457 | 455072 |
| &nbsp;&nbsp;&nbsp;Great Lakes Dredge & Dock Corp.<sup>(a)</sup> | 40311 | 683272 |
| &nbsp;&nbsp;&nbsp;Greenbrier Cos., Inc.<sup>(b)</sup> | 10559 | 595739 |
| &nbsp;&nbsp;&nbsp;&nbsp;HEICO Corp., Class A | 1963 | 471336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Howmet Aerospace, Inc. | 2669 | 700693 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hubbell, Inc. | 1112 | 568933 |
| &nbsp;&nbsp;&nbsp;IBEX Holdings, Ltd.<sup>(a)</sup> | 11986 | 346395 |
| &nbsp;&nbsp;&nbsp;IES Holdings, Inc.<sup>(a)(b)</sup> | 1293 | 640488 |
| &nbsp;&nbsp;&nbsp;Innodata, Inc.<sup>(a)(b)</sup> | 7796 | 344349 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interface, Inc. | 17077 | 537755 |
| &nbsp;&nbsp;&nbsp;&nbsp;ITT, Inc. | 2745 | 555615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Leidos Holdings, Inc. | 2649 | 463840 |
| &nbsp;&nbsp;&nbsp;Lennox International, Inc.<sup>(b)</sup> | 891 | 507817 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lincoln Electric Holdings, Inc. | 2040 | 585582 |
| &nbsp;&nbsp;&nbsp;&nbsp;McGrath RentCorp | 3989 | 442580 |
| &nbsp;&nbsp;&nbsp;Modine Manufacturing Co.<sup>(a)</sup> | 3254 | 739472 |
| &nbsp;&nbsp;&nbsp;&nbsp;MSA Safety, Inc. | 2880 | 562781 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mueller Industries, Inc. | 4921 | 580481 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mueller Water Products, Inc. | 19445 | 581989 |
| &nbsp;&nbsp;&nbsp;Nextpower, Inc.<sup>(a)(b)</sup> | 7413 | 779106 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nordson Corp. | 2188 | 642047 |
| &nbsp;&nbsp;&nbsp;Oshkosh Corp.<sup>(b)</sup> | 3557 | 604761 |
| &nbsp;&nbsp;&nbsp;&nbsp;Parker-Hannifin Corp. | 652 | 657985 |
| &nbsp;&nbsp;&nbsp;&nbsp;Paychex, Inc. | 3611 | 338170 |
| &nbsp;&nbsp;&nbsp;Paycom Software, Inc.<sup>(b)</sup> | 2187 | 275190 |
| &nbsp;&nbsp;&nbsp;Paylocity Holding Corp.<sup>(a)</sup> | 2870 | 305626 |
| &nbsp;&nbsp;&nbsp;Powell Industries, Inc.<sup>(b)</sup> | 1689 | 884360 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Industrials (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;Power Solutions International, Inc.<sup>(a)(b)</sup> | 5154 | $430359 |
| &nbsp;&nbsp;&nbsp;&nbsp;Primoris Services Corp. | 3992 | 601674 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rollins, Inc. | 8496 | 517321 |
| &nbsp;&nbsp;&nbsp;SkyWest, Inc.<sup>(a)</sup> | 4527 | 471170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Snap-on, Inc. | 1481 | 570511 |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure, Inc.<sup>(a)</sup> | 1587 | 679442 |
| &nbsp;&nbsp;&nbsp;Uber Technologies, Inc.<sup>(a)</sup> | 5081 | 383209 |
| &nbsp;&nbsp;&nbsp;UL Solutions, Inc.<sup>(b)</sup> | 7291 | 612225 |
| &nbsp;&nbsp;&nbsp;&nbsp;Union Pacific Corp. | 2271 | 601770 |
| &nbsp;&nbsp;&nbsp;United Airlines Holdings, Inc.<sup>(a)</sup> | 4565 | 485260 |
| &nbsp;&nbsp;&nbsp;Upwork, Inc.<sup>(a)(b)</sup> | 29393 | 394454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Veralto Corp. | 4472 | 435707 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vertiv Holdings Co. | 3610 | 920153 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waste Management, Inc. | 2230 | 537073 |
| &nbsp;&nbsp;&nbsp;Willdan Group, Inc.<sup>(a)(b)</sup> | 4827 | 430279 |
| &nbsp;&nbsp;&nbsp;&nbsp;Woodward, Inc. | 2074 | 802140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Xylem, Inc. | 3445 | 446334 |
| &nbsp;&nbsp;&nbsp;&nbsp;Zurn Elkay Water Solutions Corp. | 10429 | 531670 |
| **Total Industrials** |  | 44660538 |
| ***Information Technology (13.62%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;A10 Networks, Inc. | 27902 | 537392 |
| &nbsp;&nbsp;&nbsp;Adobe, Inc.<sup>(a)</sup> | 1422 | 373147 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amphenol Corp., Class A | 4103 | 599284 |
| &nbsp;&nbsp;&nbsp;&nbsp;Analog Devices, Inc. | 2021 | 719052 |
| &nbsp;&nbsp;&nbsp;Appfolio, Inc., Class A<sup>(a)</sup> | 1763 | 313391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Applied Materials, Inc. | 2935 | 1092700 |
| &nbsp;&nbsp;&nbsp;AppLovin Corp., Class A<sup>(a)</sup> | 853 | 370859 |
| &nbsp;&nbsp;&nbsp;Arista Networks, Inc.<sup>(a)</sup> | 3489 | 465781 |
| &nbsp;&nbsp;&nbsp;Astera Labs, Inc.<sup>(a)</sup> | 2122 | 252157 |
| &nbsp;&nbsp;&nbsp;Autodesk, Inc.<sup>(a)</sup> | 1531 | 376427 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc. | 1369 | 437464 |
| &nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc.<sup>(a)</sup> | 1416 | 426782 |
| &nbsp;&nbsp;&nbsp;Cirrus Logic, Inc.<sup>(a)</sup> | 4165 | 587765 |
| &nbsp;&nbsp;&nbsp;&nbsp;Clear Secure, Inc. | 13056 | 635044 |
| &nbsp;&nbsp;&nbsp;Climb Global Solutions, Inc.<sup>(b)</sup> | 3704 | 350695 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cognizant Technology Solutions Corp., Class A | 7038 | 453458 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corning, Inc. | 6321 | 950552 |
| &nbsp;&nbsp;&nbsp;Credo Technology Group Holding, Ltd.<sup>(a)</sup> | 3007 | 337596 |
| &nbsp;&nbsp;&nbsp;DigitalOcean Holdings, Inc.<sup>(a)(b)</sup> | 13649 | 765163 |
| &nbsp;&nbsp;&nbsp;Docusign, Inc.<sup>(a)</sup> | 6084 | 274206 |
| &nbsp;&nbsp;&nbsp;Dynatrace, Inc.<sup>(a)</sup> | 9927 | 356578 |
| &nbsp;&nbsp;&nbsp;Exodus Movement, Inc.<sup>(a)</sup> | 17156 | 174991 |
| &nbsp;&nbsp;&nbsp;F5, Inc.<sup>(a)</sup> | 1510 | 409754 |
| &nbsp;&nbsp;&nbsp;First Solar, Inc.<sup>(a)</sup> | 2410 | 475252 |
| &nbsp;&nbsp;&nbsp;Frequency Electronics, Inc.<sup>(a)(b)</sup> | 18109 | 909253 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gen Digital, Inc. | 16708 | 377100 |
| &nbsp;&nbsp;&nbsp;Harmonic, Inc.<sup>(a)</sup> | 49140 | 522358 |
| &nbsp;&nbsp;&nbsp;InterDigital, Inc.<sup>(b)</sup> | 1543 | 565556 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intuit, Inc. | 754 | 308409 |
| &nbsp;&nbsp;&nbsp;Itron, Inc.<sup>(a)(b)</sup> | 4079 | 383222 |
| &nbsp;&nbsp;&nbsp;&nbsp;KLA Corp. | 503 | 766849 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lam Research Corp. | 4218 | 986548 |
| &nbsp;&nbsp;&nbsp;Manhattan Associates, Inc.<sup>(a)</sup> | 2252 | 304988 |
| &nbsp;&nbsp;&nbsp;&nbsp;Micron Technology, Inc. | 3127 | 1289481 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 954 | 374674 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Information Technology (continued)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems, Inc. | 593 | $677645 |
| &nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | 1006 | 485154 |
| &nbsp;&nbsp;&nbsp;&nbsp;Napco Security Technologies, Inc. | 11628 | 541981 |
| &nbsp;&nbsp;&nbsp;&nbsp;NetApp, Inc. | 3926 | 388792 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 2747 | 486741 |
| &nbsp;&nbsp;&nbsp;OneSpan, Inc.<sup>(b)</sup> | 31736 | 350365 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oracle Corp. | 1662 | 241655 |
| &nbsp;&nbsp;&nbsp;Palantir Technologies, Inc., Class A<sup>(a)</sup> | 2849 | 390854 |
| &nbsp;&nbsp;&nbsp;Pegasystems, Inc.<sup>(b)</sup> | 8387 | 366763 |
| &nbsp;&nbsp;&nbsp;PTC, Inc.<sup>(a)</sup> | 2380 | 372684 |
| &nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc. | 3013 | 428931 |
| &nbsp;&nbsp;&nbsp;Qualys, Inc.<sup>(a)</sup> | 3644 | 336961 |
| &nbsp;&nbsp;&nbsp;Rambus, Inc.<sup>(a)(b)</sup> | 5661 | 564175 |
| &nbsp;&nbsp;&nbsp;&nbsp;Salesforce, Inc. | 2039 | 397177 |
| &nbsp;&nbsp;&nbsp;ServiceNow, Inc.<sup>(a)</sup> | 2622 | 283202 |
| &nbsp;&nbsp;&nbsp;Synopsys, Inc.<sup>(a)</sup> | 1142 | 472788 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments, Inc. | 2668 | 565909 |
| &nbsp;&nbsp;&nbsp;Tyler Technologies, Inc.<sup>(a)</sup> | 888 | 314965 |
| &nbsp;&nbsp;&nbsp;Ubiquiti, Inc.<sup>(b)</sup> | 798 | 612058 |
| &nbsp;&nbsp;&nbsp;&nbsp;Western Digital Corp. | 5052 | 1413044 |
| &nbsp;&nbsp;&nbsp;Zoom Communications, Inc., Class A<sup>(a)</sup> | 5802 | 429000 |
| **Total Information Technology** |  | 28644772 |
| ***Materials (5.72%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alcoa Corp. | 14789 | 918101 |
| &nbsp;&nbsp;&nbsp;Cabot Corp.<sup>(b)</sup> | 6176 | 470241 |
| &nbsp;&nbsp;&nbsp;&nbsp;CF Industries Holdings, Inc. | 5686 | 565984 |
| &nbsp;&nbsp;&nbsp;Coeur Mining, Inc.<sup>(a)</sup> | 31918 | 866574 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corteva, Inc. | 6550 | 524786 |
| &nbsp;&nbsp;&nbsp;&nbsp;CRH PLC | 4290 | 514714 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ecolab, Inc. | 1820 | 561197 |
| &nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 10892 | 741527 |
| &nbsp;&nbsp;&nbsp;Hecla Mining Co.<sup>(b)</sup> | 43493 | 1083411 |
| &nbsp;&nbsp;&nbsp;Idaho Strategic Resources, Inc.<sup>(a)(b)</sup> | 16301 | 702084 |
| &nbsp;&nbsp;&nbsp;&nbsp;NewMarket Corp. | 595 | 372476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Newmont Corp. | 6243 | 811590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Packaging Corp. of America | 2265 | 525797 |
| &nbsp;&nbsp;&nbsp;Royal Gold, Inc.<sup>(b)</sup> | 2576 | 772259 |
| &nbsp;&nbsp;&nbsp;&nbsp;RPM International, Inc. | 3859 | 440389 |
| &nbsp;&nbsp;&nbsp;Southern Copper Corp.<sup>(b)</sup> | 4663 | 1018038 |
| &nbsp;&nbsp;&nbsp;SSR Mining, Inc.<sup>(a)</sup> | 21747 | 700036 |
| &nbsp;&nbsp;&nbsp;&nbsp;United States Lime & Minerals, Inc. | 3838 | 438146 |
| **Total Materials** |  | 12027350 |
| ***Utilities (0.74%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Constellation Energy Corp. | 1501 | 495150 |
| &nbsp;&nbsp;&nbsp;&nbsp;Edison International | 8672 | 648145 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vistra Corp. | 2324 | 404121 |
| **Total Utilities** |  | 1547416 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $165,593,148) |  | 205617694 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **LIMITED PARTNERSHIPS (1.99%)** |  |  |
| ***Energy (1.58%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Black Stone Minerals LP | 39641 | $598579 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cheniere Energy Partners LP | 9551 | 585476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Enterprise Products Partners LP | 15648 | 565519 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hess Midstream LP, Class A | 12407 | 479903 |
| &nbsp;&nbsp;&nbsp;&nbsp;MPLX LP | 9542 | $562406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Western Midstream Partners LP | 12694 | 527943 |
| **Total Energy** |  | 3319826 |
| ***Industrials (0.41%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FTAI Aviation, Ltd. | 2840 | 868472 |
| **TOTAL LIMITED PARTNERSHIPS** |  |  |
| (Cost $3,097,732) |  | 4188298 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (8.35%)** | **SHORT TERM INVESTMENTS (8.35%)** | **SHORT TERM INVESTMENTS (8.35%)** | **SHORT TERM INVESTMENTS (8.35%)** |
| **Money Market Fund (0.20%)** | **Money Market Fund (0.20%)** | **Money Market Fund (0.20%)** | **Money Market Fund (0.20%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $413,566) | 3.63% | 413566 | $413566 |
| **Investments Purchased with Collateral from Securities Loaned (8.15%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $17,148,134) |  | 17148134 | 17148134 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $17,561,700) |  |  | 17561700 |
| **TOTAL INVESTMENTS (108.11%)** | **TOTAL INVESTMENTS (108.11%)** | **TOTAL INVESTMENTS (108.11%)** | **TOTAL INVESTMENTS (108.11%)** |
| (Cost $186,252,580) |  |  | $227367692 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-8.11%)** |  |  | (17058826) |
| **NET ASSETS - 100.00%** |  |  | $210308866 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $26,255,513.*

*See Notes to Quarterly Schedule of Investments.*

Level Four Large Cap Growth Active ETF

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS (93.04%)** |  |  |
| ***Communication Services (12.68%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc., Class A | 25281 | $7881604 |
| &nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A | 5001 | 3241548 |
| &nbsp;&nbsp;&nbsp;Netflix, Inc.<sup>(a)</sup> | 24039 | 2313514 |
| &nbsp;&nbsp;&nbsp;&nbsp;Walt Disney Co. | 10779 | 1143005 |
| **Total Communication Services** |  | 14579671 |
| ***Consumer Discretionary (14.98%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Amazon.com, Inc.<sup>(a)</sup> | 31237 | 6559770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings, Inc. | 584 | 2475780 |
| &nbsp;&nbsp;&nbsp;Etsy, Inc.<sup>(a)</sup> | 17533 | 962211 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home Depot, Inc. | 3179 | 1210309 |
| &nbsp;&nbsp;&nbsp;&nbsp;McDonald's Corp. | 3862 | 1317174 |
| &nbsp;&nbsp;&nbsp;&nbsp;PulteGroup, Inc. | 9709 | 1332075 |
| &nbsp;&nbsp;&nbsp;RH<sup>(a)(b)</sup> | 20264 | 3357947 |
| **Total Consumer Discretionary** |  | 17215266 |
| ***Consumer Staples (2.09%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Celsius Holdings, Inc.<sup>(a)</sup> | 19750 | 1058798 |
| &nbsp;&nbsp;&nbsp;&nbsp;Constellation Brands, Inc., Class A | 8540 | 1348124 |
| **Total Consumer Staples** |  | 2406922 |
| ***Energy (1.86%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Phillips 66 | 13817 | 2132378 |
| ***Financials (8.45%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Blackrock, Inc. | 2081 | 2212581 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A | 4268 | 2207452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | 7362 | 1225847 |
| &nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings, Inc. | 63800 | 2948199 |
| &nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc., Class A | 3503 | 1121450 |
| **Total Financials** |  | 9715529 |
| ***Health Care (7.68%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AbbVie, Inc. | 5979 | 1387606 |
| &nbsp;&nbsp;&nbsp;Dexcom, Inc.<sup>(a)</sup> | 17663 | 1296994 |
| &nbsp;&nbsp;&nbsp;Intuitive Surgical, Inc.<sup>(a)</sup> | 2628 | 1323224 |
| &nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group, Inc. | 11676 | 3424221 |
| &nbsp;&nbsp;&nbsp;Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 2804 | 1393112 |
| **Total Health Care** |  | 8825157 |
| ***Industrials (7.88%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Copart, Inc.<sup>(a)</sup> | 27376 | 1042752 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fortive Corp. | 17772 | 1052102 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin Corp. | 2608 | 1716273 |
| &nbsp;&nbsp;&nbsp;Paycom Software, Inc.<sup>(b)</sup> | 6163 | 775490 |
| &nbsp;&nbsp;&nbsp;&nbsp;TransDigm Group, Inc. | 927 | 1207686 |
| &nbsp;&nbsp;&nbsp;Uber Technologies, Inc.<sup>(a)</sup> | 43266 | 3263122 |
| **Total Industrials** |  | 9057425 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| ***Information Technology (36.79%)*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | 31968 | $8445306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Applied Materials, Inc. | 4238 | 1577807 |
| &nbsp;&nbsp;&nbsp;Arista Networks, Inc.<sup>(a)</sup> | 8379 | 1118597 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc. | 6883 | 2199463 |
| &nbsp;&nbsp;&nbsp;Docusign, Inc.<sup>(a)</sup> | 34155 | 1539366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lam Research Corp. | 6185 | 1446610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Micron Technology, Inc. | 3654 | 1506800 |
| &nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 13512 | 5306702 |
| &nbsp;&nbsp;&nbsp;MongoDB, Inc.<sup>(a)</sup> | 3606 | 1184463 |
| &nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems, Inc. | 2335 | 2668297 |
| &nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 26436 | 4684194 |
| &nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc.<sup>(a)</sup> | 5754 | 856886 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ralliant Corp. | 27768 | 1274274 |
| &nbsp;&nbsp;&nbsp;&nbsp;Salesforce, Inc. | 9471 | 1844855 |
| &nbsp;&nbsp;&nbsp;ServiceNow, Inc.<sup>(a)</sup> | 16457 | 1777521 |
| &nbsp;&nbsp;&nbsp;Snowflake, Inc., Class A<sup>(a)</sup> | 13308 | 2241200 |
| &nbsp;&nbsp;&nbsp;Twilio, Inc., Class A<sup>(a)</sup> | 21561 | 2608019 |
| **Total Information Technology** |  | 42280360 |
| ***Real Estate (0.63%)*** |  |  |
| &nbsp;&nbsp;&nbsp;Zillow Group, Inc.<sup>(a)</sup> | 16225 | 723960 |
| **TOTAL COMMON STOCKS** |  |  |
| (Cost $93,427,912) |  | 106936668 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (7.78%)** | **SHORT TERM INVESTMENTS (7.78%)** | **SHORT TERM INVESTMENTS (7.78%)** | **SHORT TERM INVESTMENTS (7.78%)** |
| **Money Market Fund (6.95%)** | **Money Market Fund (6.95%)** | **Money Market Fund (6.95%)** | **Money Market Fund (6.95%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) |  |  |  |
| (Cost $7,991,016) | 3.63% | 7991016 | $7991016 |
| **Investments Purchased with Collateral from Securities Loaned (0.83%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Navigator Securities Lending Government Money Market Portfolio, 3.70% |  |  |  |
| (Cost $955,315) |  | 955315 | 955315 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $8,946,331) |  |  | 8946331 |
| **TOTAL INVESTMENTS (100.82%)** | **TOTAL INVESTMENTS (100.82%)** | **TOTAL INVESTMENTS (100.82%)** | **TOTAL INVESTMENTS (100.82%)** |
| (Cost $102,374,243) |  |  | $115882999 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS (-0.82%)** |  |  | (943225) |
| **NET ASSETS - 100.00%** |  |  | $114939774 |

---

*<sup>(a)</sup>* *Non-income producing security.*

*<sup>(b)</sup>* *Security, or a portion of the security position is currently on loan. The total market value of securities on loan is $879,864.*

*See Notes to Quarterly Schedule of Investments.*

RiverFront Strategic Income Fund

Schedule of Investments

As of February 28, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| **CORPORATE BONDS (*68.76%*)** |  |  |
| ***Communications (2.72%)*** |  |  |
| Charter Communications Operating LLC / Charter Communications Operating Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.850%, 12/01/2035 | $720000 | $724932 |
| Netflix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.375%, 11/15/2026 | 503000 | 505024 |
| Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, 08/01/2027<sup>(a)</sup> | 598000 | 598015 |
| **Total Communications** |  | 1827971 |
| ***Consumer Discretionary (12.18%)*** |  |  |
| Brink's Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.500%, 06/15/2029<sup>(a)</sup> | 688000 | 709035 |
| General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.400%, 04/06/2026 | 590000 | 590649 |
| Group 1 Automotive, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.375%, 01/15/2030<sup>(a)</sup> | 720000 | 738441 |
| Hilton Domestic Operating Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.500%, 03/31/2034<sup>(a)</sup> | 848000 | 857508 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.750%, 01/30/2027 | 610000 | 618415 |
| Las Vegas Sands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.000%, 08/15/2029 | 664000 | 695003 |
| Lennar Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/29/2027 | 607000 | 612688 |
| Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.900%, 04/15/2029 | 590000 | 605180 |
| MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.500%, 04/15/2027 | 616000 | 621941 |
| Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.375%, 09/15/2027 | 725000 | 737815 |
| Service Corp. International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.750%, 10/15/2032 | 723000 | 738009 |
| Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.450%, 11/16/2030<sup>(a)</sup> | 603000 | 651718 |
| **Total Consumer Discretionary** |  | 8176402 |
| ***Consumer Staples (2.03%)*** |  |  |
| Coty, Inc./HFC Prestige Products Inc/HFC Prestige International US LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.600%, 01/15/2031<sup>(a)</sup> | 716000 | 718680 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.250%, 02/15/2032<sup>(a)</sup> | 628000 | 646807 |
| **Total Consumer Staples** |  | 1365487 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Energy (10.38%)*** | | |
| Columbia Pipelines Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.042%, 08/15/2028<sup>(a)</sup> | $609000 | $636798 |
| &nbsp;&nbsp;&nbsp;4.999%, 11/17/2032<sup>(a)</sup> | 424000 | 432667 |
| EQT Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.375%, 04/01/2029 | 844000 | 872310 |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp;6.500%, 06/01/2029<sup>(a)</sup> | 664000 | 687395 |
| Hilcorp Energy I LP / Hilcorp Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;7.250%, 02/15/2035<sup>(a)</sup> | 723000 | 716548 |
| Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp;6.625%, 12/15/2028<sup>(a)</sup> | 609000 | 628150 |
| Murphy Oil Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.000%, 10/01/2032 | 1203000 | 1205797 |
| Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;5.625%, 03/15/2031<sup>(a)</sup> | 385000 | 388491 |
| Sunoco LP / Sunoco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.000%, 09/15/2028<sup>(a)</sup> | 609000 | 626043 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.750%, 01/15/2036<sup>(a)</sup> | 725000 | 772709 |
| **Total Energy** |  | 6966908 |
| ***Financials (16.15%)*** |  |  |
| Aircastle, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.500%, 07/18/2028<sup>(a)</sup> | 609000 | 640568 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.850%, 11/05/2027 | 652000 | 673010 |
| Avolon Holdings Funding, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.375%, 05/04/2028<sup>(a)</sup> | 622000 | 648384 |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.500%, 05/15/2032 | 640000 | 658799 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.450%, 09/29/2027 | 830000 | 835249 |
| EPR Properties |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.750%, 12/15/2026 | 500000 | 501597 |
| HAT Holdings I LLC / HAT Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.000%, 06/15/2027<sup>(a)</sup> | 171000 | 177934 |
| Howard Hughes Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.875%, 03/01/2032<sup>(a)</sup> | 670000 | 670063 |
| HSBC USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.294%, 03/04/2027 | 628000 | 637301 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.875%, 09/15/2027<sup>(a)</sup> | 574000 | 574129 |
| Keybank National Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.850%, 11/15/2027 | 609000 | 627243 |
| Macquarie Airfinance Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.400%, 03/26/2029<sup>(a)</sup> | 688000 | 725702 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.625%, 01/15/2028 | 664000 | 678136 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.625%, 05/15/2029 | 727000 | 743086 |
| Penske Truck Leasing Co. Lp / PTL Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.050%, 08/01/2028<sup>(a)</sup> | 609000 | 635146 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.000%, 11/01/2027 | 652000 | 675000 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Financials (continued)*** | | |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.000%, 04/15/2030<sup>(a)</sup> | $720000 | $739370 |
| **Total Financials** |  | 10840717 |
| ***Health Care (1.79%)*** |  |  |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, 06/01/2030<sup>(a)</sup> | 574000 | 562280 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.625%, 09/01/2028 | 616000 | 635558 |
| **Total Health Care** |  | 1197838 |
| ***Industrials (7.80%)*** |  |  |
| L3Harris Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.400%, 07/31/2033 | 788000 | 830442 |
| MasTec, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.500%, 08/15/2028<sup>(a)</sup> | 544000 | 543995 |
| Textron, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.500%, 05/15/2035 | 934000 | 985005 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.375%, 03/01/2029<sup>(a)</sup> | 628000 | 645855 |
| Trinity Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.750%, 07/15/2028<sup>(a)</sup> | 664000 | 683559 |
| United Rentals North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.000%, 12/15/2029<sup>(a)</sup> | 786000 | 806688 |
| WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.375%, 03/15/2029<sup>(a)</sup> | 720000 | 741081 |
| **Total Industrials** |  | 5236625 |
| ***Materials (10.40%)*** |  |  |
| Alcoa Nederland Holding BV |  |  |
| &nbsp;&nbsp;&nbsp;7.125%, 03/15/2031<sup>(a)</sup> | 616000 | 651686 |
| ArcelorMittal SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.550%, 11/29/2027 | 609000 | 633460 |
| Avient Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.250%, 11/01/2031<sup>(a)</sup> | 723000 | 747057 |
| Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.000%, 06/15/2029 | 616000 | 635889 |
| Berry Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.875%, 07/15/2026<sup>(a)</sup> | 276000 | 276058 |
| Celanese US Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.500%, 04/15/2030 | 480000 | 492170 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.050%, 11/15/2030 | 609000 | 649796 |
| Freeport-McMoRan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.000%, 09/01/2027 | 278000 | 278219 |
| Methanex Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.125%, 10/15/2027 | 505000 | 507333 |
| Methanex US Operations, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.250%, 03/15/2032<sup>(a)</sup> | 404000 | 418396 |
| Qnity Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.750%, 08/15/2032<sup>(a)</sup> | 720000 | 737580 |
| Sasol Financing USA LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.375%, 09/18/2026 | 327000 | 324597 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal<br> Amount** | **Value** |
| ***Materials (continued)*** | | |
| Sealed Air Corp./Sealed Air Corp US |  |  |
| &nbsp;&nbsp;&nbsp;6.125%, 02/01/2028<sup>(a)</sup> | $616000 | $624897 |
| **Total Materials** |  | 6977138 |
| ***Technology (2.46%)*** |  |  |
| CDW LLC / CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.569%, 12/01/2031 | 8000 | 7451 |
| Concentrix Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.600%, 08/02/2028 | 884000 | 891941 |
| Seagate Data Storage Technology Pte, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.875%, 07/15/2030<sup>(a)</sup> | 727000 | 748856 |
| **Total Technology** |  | 1648248 |
| ***Utilities (2.85%)*** |  |  |
| American Electric Power Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.750%, 11/01/2027 | 652000 | 671210 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.750%, 01/15/2028 | 598000 | 598272 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.750%, 10/15/2031<sup>(a)</sup> | 609000 | 643853 |
| **Total Utilities** |  | 1913335 |
| **TOTAL CORPORATE BONDS** |  |  |
| (Cost $45,442,331) |  | 46150669 |
| **GOVERNMENT BONDS (*26.20%*)** |  |  |
| Mexico Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.000%, 05/13/2030 | 630000 | 660933 |
| U.S. Treasury Note |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.625%, 09/30/2030 | 811000 | 849221 |
| United States Treasury Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.375%, 05/15/2034 | 2666000 | 2768370 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.750%, 02/15/2037 | 1178000 | 1258711 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.750%, 11/15/2043 | 2824000 | 2907617 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.500%, 02/15/2044 | 3414000 | 3404265 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.625%, 05/15/2044 | 1057000 | 1069346 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.000%, 11/15/2052 | 5188000 | 4662816 |
| **TOTAL GOVERNMENT BONDS** |  |  |
| (Cost $18,389,519) |  | 17581279 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **7 Day Yield** | **Shares** | **Value** |
| **SHORT TERM INVESTMENTS (3.73%)** | **SHORT TERM INVESTMENTS (3.73%)** | **SHORT TERM INVESTMENTS (3.73%)** | **SHORT TERM INVESTMENTS (3.73%)** |
| **Money Market Fund (3.73%)** | **Money Market Fund (3.73%)** | **Money Market Fund (3.73%)** | **Money Market Fund (3.73%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Plus Money Market Fund (Premier Class) | 3.63% | 2503664 | $2503664 |
| **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** | **TOTAL SHORT TERM INVESTMENTS** |
| (Cost $2,503,664) |  |  | 2503664 |
| **TOTAL INVESTMENTS (98.69%)** | **TOTAL INVESTMENTS (98.69%)** | **TOTAL INVESTMENTS (98.69%)** | **TOTAL INVESTMENTS (98.69%)** |
| (Cost $66,335,514) |  |  | $66235612 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES (1.31%)** |  |  | 881628 |
| **NET ASSETS - 100.00%** |  |  | $67117240 |

---

*<sup>(a)</sup>* *Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. At period end, the aggregate market value of those securities was $23,452,142, representing 34.94% of net assets.*

*See Notes to Quarterly Schedule of Investments.*

**ALPS ETF Trust**

**Notes to Quarterly Schedules of Investments**

**February 28, 2026 (Unaudited)**

**1. Portfolio Valuation** 

Shares of the ALPS Active REIT ETF, the ALPS Electrification Infrastructure ETF, and the Level Four Large Cap Growth Active ETF are listed on the NASDAQ Stock Market LLC ("NASDAQ"). Shares of the Alerian Energy Infrastructure ETF, the Alerian MLP ETF, the ALPS Active Equity Opportunity ETF, the ALPS\| BBH Intermediate Municipal Bond ETF (formerly, ALPS Intermediate Municipal Bond ETF), the ALPS Clean Energy ETF, the ALPS Disruptive Technologies ETF, the ALPS Dynamic Core Income ETF (formerly RiverFront Dynamic Core Income ETF), the ALPS Dynamic US Dividend Advantage ETF (formerly, RiverFront Dynamic US Dividend Advantage ETF), the ALPS Emerging Sector Dividend Dogs ETF, the ALPS Equal Sector Weight ETF, the ALPS International Sector Dividend Dogs ETF, the ALPS Medical Breakthroughs ETF, the ALPS Nautilus SMR Nuclear & Technology ETF, the ALPS \| O'Shares International Developed Quality Dividend ETF (formerly, ALPS \| O'Shares Europe Quality Dividend ETF), the ALPS \| O'Shares Global Internet Giants ETF, the ALPS \| O'Shares U.S. Quality Dividend ETF, the ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF, the ALPS REIT Dividend Dogs ETF, the ALPS Sector Dividend Dogs ETF, the ALPS \| Smith Core Plus Bond ETF, the Barron's 400<sup>SM</sup> ETF, and the RiverFront Strategic Income Fund (each a "Fund" and along with ALPS Active REIT ETF, ALPS Electrification Infrastructure ETF, Level Four Large Cap Growth Active ETF, collectively, the "Funds") are listed on the New York Stock Exchange Arca, Inc. ("NYSE"). Each Fund's Net Asset Value ("NAV") is determined daily, as of the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time, on each day the NYSE is open for trading. The NAV is computed by dividing the value of all assets of each Fund (including accrued interest and dividends), less all liabilities (including accrued expenses and dividends declared but unpaid), by the total number of shares outstanding.

The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the schedules of investments. The accompanying schedules of investments were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The preparation of the schedules of investments in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the schedules of investments and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946. In regards to Financial Accounting Standards Board Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), the Chief Operating Decision Maker ("CODM") monitors the operating results of each Fund as a whole. The Funds' Treasurer is the CODM for each Fund. Each Fund's financial information is used by the CODM to assess each segment's performance. The CODM has determined that each Fund is a single operating segment as defined by ASU 2023-07 that recognizes revenues and incurs expenses. This is supported by the single investment strategy of each Fund, against which the CODM assesses performance.

Portfolio securities listed on any exchange other than the NASDAQ are valued at the last sale price on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the most recent bid and ask prices on such day. Securities traded on the NASDAQ are valued at the NASDAQ Official Closing Price as determined by NASDAQ. Portfolio securities traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined at the close of the exchange representing the principal market for such securities. Portfolio securities traded in the over-the-counter market, but excluding securities traded on the NASDAQ, are valued at the latest quoted sale price in such market.

Corporate bonds and the United State Government Bonds are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service.

Each Fund's investments are valued at market value or, in the absence of market value with respect to any portfolio securities, at fair value according to procedures adopted by the Trust's Board of Trustees (the "Board"). Pursuant to Rule 2a-5 under the 1940 Act, the Board designated ALPS Advisors, Inc. (the "Adviser") as the valuation designee ("Valuation Designee") for each Fund to perform the fair value determinations relating to Fund investments. The Adviser may carry out its designated responsibilities as Valuation Designee through various teams and committees. When market quotations are not readily available or when events occur that make established valuation methods unreliable, securities of the Funds may be valued in good faith by the Valuation Designee. These securities generally include, but are not limited to, restricted securities (securities which may not be publicly sold without registration under the Securities Act of 1933) for which a pricing service is unable to provide a market price; securities whose trading has been formally suspended; a security whose market price is not available from a pre-established primary pricing source or the pricing source is not willing to provide a price; a security with respect to which an event has occurred that is most likely to materially affect the value of the security after the market has closed but before the calculation of a Fund's NAV or make it difficult or impossible to obtain a reliable market quotation; or a security whose price, as provided by the pricing service, does not reflect the security's "fair value" due to the security being de-listed from a national exchange or the security's primary trading market is temporarily closed at a time when, under normal conditions, it would be open. As a general principle, the current "fair value" of a security would be the amount which the owner might reasonably expect to receive from the sale on the applicable exchange or principal market. A variety of factors may be considered in determining the fair value of such securities.

The accounting records of each Fund are maintained in U.S. dollars.

Certain Funds may directly purchase securities of foreign issuers. Investments in non-U.S. issuers may involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S. issuers. In addition, adverse political, economic or social developments could undermine the value of a Fund's investments or prevent a Fund from realizing the full value of its investments. Financial reporting standards for companies based in foreign markets differ from those in the United States. Finally, the value of the currency of the country in which a Fund has invested could decline relative to the value of the U.S. dollar, which may affect the value of the investment to U.S. investors.

Because foreign markets may be open on different days than the days during which investors may purchase the shares of each Fund, the value of each Fund's securities may change on the days when investors are not able to purchase the shares of the Funds. The value of securities denominated in foreign currencies is converted into U.S. dollars using exchange rates determined daily as of the close of regular trading on the NYSE or NASDAQ. Any use of a different rate from the rates used by the Index may adversely affect a Fund's ability to track their Index.

**2. Fair Value Measurements** 

Each Fund discloses the classification of its fair value measurements following a three-tier hierarchy based on the inputs used to measure fair value. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available.

Valuation techniques used to value each Fund's investments by major category are as follows:

Exchange Traded Options and equity securities, including restricted securities, Exchange Traded Funds, Closed-End Funds and Limited Partnerships, 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 vendor 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, the exchange traded options or equity securities are valued at the mean of the most recent quoted bid and ask prices on such day and are generally categorized as Level 2 in the hierarchy. Investments in open-end mutual funds are valued at their closing NAV each business day and are categorized as Level 1 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For corporate bonds, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as 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 vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. Certain Funds may invest a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

Treasury Bills and Treasury Notes are typically valued at the mean between the evaluated bid and ask prices formulated by an independent pricing service and are categorized as Level 2 in the hierarchy, due to their active trading, short-term maturity and liquidity.

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

Various inputs are used in determining the value of each Fund's investments as of the end of the reporting period. When inputs used fall into different levels of the fair value hierarchy, the level in the hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The designated input levels are not necessarily an indication of the risk or liquidity associated with these investments.

These inputs are categorized in the following hierarchy under applicable financial accounting standards:

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|:---|:---|
| **Level 1** – | Unadjusted quoted prices in active markets for identical investments, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date; |
| **Level 2** – | Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and |
| **Level 3** – | Significant unobservable prices or inputs (including the Fund's own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date. |

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The following is a summary of the inputs used to value each Fund's investments at February 28, 2026:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Alerian Energy Infrastructure ETF** | **Alerian Energy Infrastructure ETF** | **Alerian Energy Infrastructure ETF** | **Alerian Energy Infrastructure ETF** | **Alerian Energy Infrastructure ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Canadian Energy Infrastructure Companies<sup>\*</sup> | $112657495 | $– | $– | $112657495 |
| Exchange Traded Fund | 1569395 |  |  | 1569395 |
| U.S. Energy Infrastructure Companies<sup>\*</sup> | 115868041 |  |  | 115868041 |
| U.S. Energy Infrastructure MLPs<sup>\*</sup> | 105935617 |  |  | 105935617 |
| U.S. General Partners<sup>\*</sup> | 61622363 |  |  | 61622363 |
| Short Term Investments | 7450108 | – | – | 7450108 |
| Total | $405103019 | $– | $– | $405103019 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Alerian MLP ETF** | **Alerian MLP ETF** | **Alerian MLP ETF** | **Alerian MLP ETF** | **Alerian MLP ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Master Limited Partnerships<sup>\*</sup> | $12734033622 | $– | $– | $12734033622 |
| Short Term Investments | 3166201 | – | – | 3166201 |
| Total | $12737199823 | $– | $– | $12737199823 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Active Equity Opportunity ETF** | **ALPS Active Equity Opportunity ETF** | **ALPS Active Equity Opportunity ETF** | **ALPS Active Equity Opportunity ETF** | **ALPS Active Equity Opportunity ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $27260148 | $– | $– | $27260148 |
| Short Term Investments | 1492100 | – | – | 1492100 |
| Total | $28752248 | $– | $– | $28752248 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Active REIT ETF** | **ALPS Active REIT ETF** | **ALPS Active REIT ETF** | **ALPS Active REIT ETF** | **ALPS Active REIT ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $49387085 | $– | $– | $49387085 |
| Short Term Investments | 563877 | – | – | 563877 |
| Total | $49950962 | $– | $– | $49950962 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS\|BBH Intermediate Municipal Bond ETF** | **ALPS\|BBH Intermediate Municipal Bond ETF** | **ALPS\|BBH Intermediate Municipal Bond ETF** | **ALPS\|BBH Intermediate Municipal Bond ETF** | **ALPS\|BBH Intermediate Municipal Bond ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Government Bonds<sup>\*</sup> | $– | $4990528 | $– | $4990528 |
| Municipal Bonds<sup>\*</sup> | – | 47273966 | – | 47273966 |
| Total | $– | $52264494 | $– | $52264494 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Clean Energy ETF** | **ALPS Clean Energy ETF** | **ALPS Clean Energy ETF** | **ALPS Clean Energy ETF** | **ALPS Clean Energy ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $105003252 | $– | $– | $105003252 |
| Master Limited Partnerships<sup>\*</sup> | 7984010 |  |  | 7984010 |
| Short Term Investments | 22060429 | – | – | 22060429 |
| Total | $135047691 | $– | $– | $135047691 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Disruptive Technologies ETF** | **ALPS Disruptive Technologies ETF** | **ALPS Disruptive Technologies ETF** | **ALPS Disruptive Technologies ETF** | **ALPS Disruptive Technologies ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant <br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $73928299 | $– | $– | $73928299 |
| Master Limited Partnerships<sup>\*</sup> | 914870 |  |  | 914870 |
| Short Term Investments | 5444020 | – | – | 5444020 |
| Total | $80287189 | $– | $– | $80287189 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Dynamic Core Income ETF** | **ALPS Dynamic Core Income ETF** | **ALPS Dynamic Core Income ETF** | **ALPS Dynamic Core Income ETF** | **ALPS Dynamic Core Income ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant <br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Corporate Bonds<sup>\*</sup> | $– | $11338399 | $– | $11338399 |
| Government Bonds\* |  | 4180680 |  | 4180680 |
| Short Term Investments | 299585 | – | – | 299585 |
| Total | $299585 | $15519079 | $– | $15818664 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Dynamic US Dividend Advantage ETF** | **ALPS Dynamic US Dividend Advantage ETF** | **ALPS Dynamic US Dividend Advantage ETF** | **ALPS Dynamic US Dividend Advantage ETF** | **ALPS Dynamic US Dividend Advantage ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $81456285 | $– | $– | $81456285 |
| Short Term Investments | 6356600 | – | – | 6356600 |
| Total | $87812885 | $– | $– | $87812885 |

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**ALPS Electrification Infrastructure ETF**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $147009379 | $– | $– | $147009379 |
| Short Term Investments | 12851046 | – | – | 12851046 |
| Total | $159860425 | $– | $– | $159860425 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Emerging Sector Dividend Dogs ETF** | **ALPS Emerging Sector Dividend Dogs ETF** | **ALPS Emerging Sector Dividend Dogs ETF** | **ALPS Emerging Sector Dividend Dogs ETF** | **ALPS Emerging Sector Dividend Dogs ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Russia | $– | $– | $1233 | $1233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other\* | 28030725 |  |  | 28030725 |
| Preferred Stock<sup>\*</sup> | 1244146 |  |  | 1244146 |
| Short Term Investments | 3791711 | – | – | 3791711 |
| Total | $33066582 | $– | $1233 | $33067815 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Equal Sector Weight ETF** | **ALPS Equal Sector Weight ETF** | **ALPS Equal Sector Weight ETF** | **ALPS Equal Sector Weight ETF** | **ALPS Equal Sector Weight ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Exchange Traded Funds<sup>\*</sup> | $666868177 | $– | $– | $666868177 |
| Short Term Investments | 93807746 | – | – | 93807746 |
| Total | $760675923 | $– | $– | $760675923 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS International Sector Dividend Dogs ETF** | **ALPS International Sector Dividend Dogs ETF** | **ALPS International Sector Dividend Dogs ETF** | **ALPS International Sector Dividend Dogs ETF** | **ALPS International Sector Dividend Dogs ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $511730772 | $– | $– | $511730772 |
| Short Term Investments | 50709538 | – | – | 50709538 |
| Total | $562440310 | $– | $– | $562440310 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Medical Breakthroughs ETF** | **ALPS Medical Breakthroughs ETF** | **ALPS Medical Breakthroughs ETF** | **ALPS Medical Breakthroughs ETF** | **ALPS Medical Breakthroughs ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $138024097 | $– | $– | $138024097 |
| Short Term Investments | 17277836 | – | – | 17277836 |
| Total | $155301933 | $– | $– | $155301933 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Nautilus SMR Nuclear & Technology ETF** | **ALPS Nautilus SMR Nuclear & Technology ETF** | **ALPS Nautilus SMR Nuclear & Technology ETF** | **ALPS Nautilus SMR Nuclear & Technology ETF** | **ALPS Nautilus SMR Nuclear & Technology ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $5920420 | $– | $– | $5920420 |
| Short Term Investments | 142647 | – | – | 142647 |
| Total | $6063067 | $– | $– | $6063067 |
| **Other Financial Instruments** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written Options | $(220) | $– | $– | $(220) |
| Total | $(220) | $– | $– | $(220) |

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|:---|:---|:---|:---|:---|
| **ALPS \| O'Shares International Developed Quality Dividend ETF** | **ALPS \| O'Shares International Developed Quality Dividend ETF** | **ALPS \| O'Shares International Developed Quality Dividend ETF** | **ALPS \| O'Shares International Developed Quality Dividend ETF** | **ALPS \| O'Shares International Developed Quality Dividend ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $40657779 | $– | $– | $40657779 |
| Short Term Investments | 3358446 | – | – | 3358446 |
| Total | $44016225 | $– | $– | $44016225 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS \| O'Shares Global Internet Giants ETF** | **ALPS \| O'Shares Global Internet Giants ETF** | **ALPS \| O'Shares Global Internet Giants ETF** | **ALPS \| O'Shares Global Internet Giants ETF** | **ALPS \| O'Shares Global Internet Giants ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant <br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $111701871 | $– | $– | $111701871 |
| Short Term Investments | 3422675 | – | – | 3422675 |
| Total | $115124546 | $– | $– | $115124546 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS \| O'Shares U.S. Quality Dividend ETF** | **ALPS \| O'Shares U.S. Quality Dividend ETF** | **ALPS \| O'Shares U.S. Quality Dividend ETF** | **ALPS \| O'Shares U.S. Quality Dividend ETF** | **ALPS \| O'Shares U.S. Quality Dividend ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $790693811 | $– | $– | $790693811 |
| Short Term Investments | 486177 | – | – | 486177 |
| Total | $791179988 | $– | $– | $791179988 |

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|:---|:---|:---|:---|:---|
| **ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF** | **ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF** | **ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF** | **ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF** | **ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $934313306 | $– | $– | $934313306 |
| Short Term Investments | 37260267 | – | – | 37260267 |
| Total | $971573573 | $– | $– | $971573573 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS REIT Dividend Dogs ETF** | **ALPS REIT Dividend Dogs ETF** | **ALPS REIT Dividend Dogs ETF** | **ALPS REIT Dividend Dogs ETF** | **ALPS REIT Dividend Dogs ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $10630274 | $– | $– | $10630274 |
| Short Term Investments | 968466 | – | – | 968466 |
| Total | $11598740 | $– | $– | $11598740 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **ALPS Sector Dividend Dogs ETF** | **ALPS Sector Dividend Dogs ETF** | **ALPS Sector Dividend Dogs ETF** | **ALPS Sector Dividend Dogs ETF** | **ALPS Sector Dividend Dogs ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $1378648212 | $– | $– | $1378648212 |
| Short Term Investments | 40241436 | – | – | 40241436 |
| Total | $1418889648 | $– | $– | $1418889648 |

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|:---|:---|:---|:---|:---|
| **ALPS \| Smith Core Plus Bond ETF** | **ALPS \| Smith Core Plus Bond ETF** | **ALPS \| Smith Core Plus Bond ETF** | **ALPS \| Smith Core Plus Bond ETF** | **ALPS \| Smith Core Plus Bond ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Bank Loans<sup>\*</sup> | $– | $23724311 | $– | $23724311 |
| Collateralized Mortgage Obligations<sup>\*</sup> |  | 86846488 |  | 86846488 |
| Commercial Mortgage-Backed Securities<sup>\*</sup> |  | 9525937 |  | 9525937 |
| Mortgage-Backed Securities<sup>\*</sup> |  | 240598628 |  | 240598628 |
| Corporate Bonds<sup>\*</sup> |  | 1054347125 |  | 1054347125 |
| Government Bonds<sup>\*</sup> |  | 1015421464 |  | 1015421464 |
| Preferred Stock<sup>\*</sup> | 2730722 | 63946011 |  | 66676733 |
| Short Term Investments | 45153721 | – | – | 45153721 |
| Total | $47884443 | $2494409964 | $– | $2542294407 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Barron's 400<sup>SM</sup> ETF** | **Barron's 400<sup>SM</sup> ETF** | **Barron's 400<sup>SM</sup> ETF** | **Barron's 400<sup>SM</sup> ETF** | **Barron's 400<sup>SM</sup> ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $205617694 | $– | $– | $205617694 |
| Limited Partnerships<sup>\*</sup> | 4188298 |  |  | 4188298 |
| Short Term Investments | 17561700 | – | – | 17561700 |
| Total | $227367692 | $– | $– | $227367692 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Level Four Large Cap Growth Active ETF** | **Level Four Large Cap Growth Active ETF** | **Level Four Large Cap Growth Active ETF** | **Level Four Large Cap Growth Active ETF** | **Level Four Large Cap Growth Active ETF** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Common Stocks<sup>\*</sup> | $106936668 | $– | $– | $106936668 |
| Short Term Investments | 8946331 | – | – | 8946331 |
| Total | $115882999 | $– | $– | $115882999 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **RiverFront Strategic Income Fund** | **RiverFront Strategic Income Fund** | **RiverFront Strategic Income Fund** | **RiverFront Strategic Income Fund** | **RiverFront Strategic Income Fund** |
| **Investments in Securities at Value** | **Level 1 - Quoted and<br> Unadjusted Prices** | **Level 2 - Other Significant<br> Observable Inputs** | **Level 3 - Significant<br> Unobservable Inputs** | **Total** |
| Corporate Bonds<sup>\*</sup> | $– | $46150669 | $– | $46150669 |
| Government Bonds<sup>\*</sup> |  | 17581279 |  | 17581279 |
| Short Term Investments | 2503664 | – | – | 2503664 |
| Total | $2503664 | $63731948 | $– | $66235612 |

---

*\** *For a detailed sector, state or country breakdown, see the accompanying Schedule of Investments.*

The Funds, except for the ALPS Emerging Sector Dividend Dogs ETF, did not have any securities that used significant unobservable inputs (Level 3) in determining fair value and there were no transfers into or out of Level 3 during the three months ended February 28, 2026. As of February 28, 2026, the ALPS Emerging Sector Dividend Dogs ETF held securities classified as Level 3 in the fair value hierarchy valued at $1,233, which represents less than 0.005% of the Fund's net assets.

**3. Lending of Portfolio Securities**

Alerian Energy Infrastructure ETF, ALPS Active Equity Opportunity ETF, ALPS Active REIT ETF, ALPS Clean Energy ETF, ALPS Disruptive Technologies ETF, ALPS Dynamic US Dividend Advantage ETF, ALPS Electrification Infrastructure ETF, ALPS Emerging Sector Dividend Dogs ETF, ALPS Equal Sector Weight ETF, ALPS International Sector Dividend Dogs ETF, ALPS Medical Breakthroughs ETF, ALPS Nautilus SMR, Nuclear & Technology ETF, ALPS \| O'Shares International Developed Quality Dividend ETF, ALPS \| O'Shares Global Internet Giants ETF, ALPS \| O'Shares U.S. Quality Dividend ETF, ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF, ALPS REIT Dividend Dogs ETF, ALPS Sector Dividend Dogs ETF, Barron's 400<sup>SM</sup> ETF and Level Four Large Cap Growth Active ETF have entered into a securities lending agreement with State Street Bank & Trust Co. ("SSB"), the Funds' lending agent. The Funds may lend their portfolio securities only to borrowers that are approved by SSB. Each Fund will limit such lending to not more than 33 1/3% of the value of its total assets. Each Fund's securities held as SSB as custodian shall be available to be lent except those securities the Fund or ALPS Advisors Inc. specifically identifies in writing as not being available for lending. The borrower pledges and maintains with each Fund collateral consisting of cash (U.S. Dollars only), securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, and cash equivalents (including irrevocable bank letters of credit issued by a person other than the borrower or an affiliate of the borrower). The initial collateral received by each Fund is required to have a value of no less than 102% of the market value of the loaned securities for U.S equity securities and a value of no less than 105% of the market value for non-U.S. equity securities. The collateral is maintained thereafter, at a market value equal to not less than 102% of the current value of the U.S. equity securities on loan and not less than 105% of the current value of the non-U.S. equity securities on loan. The market value of the loaned securities is determined at the close of each business day and any additional required collateral is delivered to each Fund on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the customary time period for settlement of securities transactions.

Any cash collateral received is reinvested in a money market fund managed by SSB as disclosed in each Fund's Schedule of Investments. Non-cash collateral, in the form of securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, is not disclosed in a Fund's Schedule of Investments as it is held by the lending agent on behalf of each Fund, and each Fund does not have the ability to re-hypothecate these securities.

The following is a summary of each Fund's securities lending agreements and related cash and non-cash collateral received as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Market Value of<br> Securities on Loan** | **Cash Collateral<br> Received** | **Non-Cash Collateral<br> Received** | **Total Collateral<br> Received** |
| Alerian Energy Infrastructure ETF | $8052993 | $6936118 | $1390272 | $8236390 |
| ALPS Active Equity Opportunity ETF | 732583 | 574622 | 161808 | 736430 |
| ALPS Active REIT ETF | 1329269 |  | 1416760 | 1416760 |
| ALPS Clean Energy ETF | 30796260 | 22025078 | 11143579 | 33168657 |
| ALPS Disruptive Technologies ETF | 11272449 | 5254943 | 6802164 | 12057107 |
| ALPS Dynamic US Dividend Advantage ETF | 7880215 | 4675971 | 3413492 | 8089463 |
| ALPS Electrification Infrastructure ETF | 15373779 | 12650753 | 3256048 | 15906801 |
| ALPS Emerging Sector Dividend Dogs ETF | 5104401 | 3743293 | 1655433 | 5398726 |
| ALPS Equal Sector Weight ETF | 93707476 | 93630899 | 994795 | 94625694 |
| ALPS International Sector Dividend Dogs ETF | 72055618 | 49776503 | 26218618 | 75995121 |
| ALPS Medical Breakthroughs ETF | 37769543 | 17227119 | 22390255 | 39617374 |
| ALPS \| O'Shares International Developed Quality Dividend ETF | 3203954 | 3339165 |  | 3339165 |
| ALPS \| O'Shares Global Internet Giants ETF | 3063614 | 3343657 | 14634 | 3358291 |
| ALPS \| O'Shares U.S. Small-Cap Quality Dividend ETF | 35730677 | 36782696 |  | 36782696 |
| ALPS REIT Dividend Dogs ETF | 1045003 | 929631 | 152923 | 1082554 |
| ALPS Sector Dividend Dogs ETF | 43780.602 | 38195434 | 6023091 | 44218525 |
| Barron's 400<sup>SM</sup> ETF | 26255513 | 17148134 | 10116834 | 27264968 |
| Level Four Large Cap Growth Active ETF | 879864 | 955315 |  | 955315 |

---

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by SSB. SSB's indemnity allows for full replacement of securities lent wherein SSB will purchase the unreturned loaned securities on the open market by applying the proceeds of the collateral, or to the extent such proceeds are insufficient or the collateral is unavailable, SSB will purchase the unreturned loan securities at SSB's expense. However, the Funds could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.

**4. Return of Capital Estimates** 

The Alerian MLP ETF (the "Alerian Fund") expects a portion of the distributions it receives from Master Limited Partnerships ("MLPs") to be treated as a tax-deferred return of capital, thus reducing the Alerian Fund's current tax liability. Return of capital distributions are not taxable income to the shareholder, but reduce the investor's tax basis in the investor's Fund Shares. Such a reduction in tax basis will result in larger taxable gains and/or lower tax losses on a subsequent sale of Fund Shares. Shareholders who periodically receive the payment of dividends or other distributions consisting of a return of capital may be under the impression that they are receiving net profits from the Alerian Fund when, in fact, they are not. Shareholders should not assume that the source of the distributions is from the net profits of the Alerian Fund.

**5. Master Limited Partnerships** 

MLPs are publicly traded partnerships engaged in, among other things, the transportation, storage and processing of minerals and natural resources and are treated as partnerships for U.S. federal income tax purposes. By confining their operations to these specific activities, their interests, or units, are able to trade on public securities exchanges exactly like the shares of a corporation, without entity level taxation. To qualify as a MLP and to not be taxed as a corporation, a partnership must receive at least 90% of its income from qualifying sources as set forth in Section 7704(d) of the Internal Revenue Code of 1986, as amended (the "Code"). These qualifying sources include, among other things, natural resource-based activities such as the processing, transportation and storage of mineral or natural resources. MLPs generally have two classes of owners; the general partner and limited partners. The general partner of an MLP is typically owned by a major energy company, an investment fund, the direct management of the MLP, or is an entity owned by one or more of such parties. The general partner may be structured as a private or publicly traded corporation or other entity. The general partner typically controls the operations and management of the MLP through an up to 2% equity interest in the MLP plus, in many cases, ownership of common units and subordinated units. Limited partners typically own the remainder of the partnership, through ownership of common units, and have a limited role in the partnership's operations and management.

MLPs are typically structured such that common units and general partner interests have first priority to receive quarterly cash distributions up to an established minimum amount ("minimum quarterly distributions" or "MQD"). Common and general partner interests also accrue arrearages in distributions to the extent the MQD is not paid. Once common and general partner interests have been paid, subordinated units receive distributions of up to the MQD; however, subordinated units do not accrue arrearages. Distributable cash in excess of the MQD is paid to both common and subordinated units and is distributed to both common and subordinated units generally on a pro rata basis. The general partner is also eligible to receive incentive distributions if the general partner operates the business in a manner which results in distributions paid per common unit surpassing specified target levels. As the general partner increases cash distributions to the limited partners, the general partner receives an increasingly higher percentage of the incremental cash distributions.

**6. Affiliated Companies**

As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund.

For the three months ended February 28, 2026, the Alerian MLP ETF held shares in the following affiliates, as defined by the Investment Company Act of 1940:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Share Balance<br> as of February<br> 28, 2026** | **Market Value as<br> of November 30,<br> 2025** | **Purchases** | **Purchases<br> In-Kind** | **Sales** | **Market Value as<br> of February 28,<br> 2026** | **Dividends\*** | **Return of Capital<br> Distributions** | **Change in <br> Unrealized<br> Appreciation /<br> (Depreciation)** | **Realized<br> Gain/(Loss)** |
| Delek Logistics Partners LP | 4517622 | $200212251 | $3634425 | $8358805 | $(4719858) | $234600110 | $- | $(5034572) | $32198306 | $(49247) |
| Genesis Energy LP | 25067267 | 378170107 | 6707182 | 15740112 | (8928730) | 452714842 |  | (4472037) | 65829821 | (331612) |
| Global Partners LP | 6081241 | 256165908 | 7007673 | 10387745 | (5744128) | 285696702 |  | (4587459) | 23410236 | (943273) |
| Hess Midstream LP, Class A | 30270258 | 991444357 | 14390301 | 40034255 | (24925971) | 1170853579 |  | (22942456) | 177094161 | (4241068) |
| Plains All American Pipeline LP | 76971691 | 1346945298 |  | 55049327 | (59412116) | 1609478059 |  | (31891602) | 298339777 | 447375 |
| Suburban Propane Partners LP | 15255485 | 285117141 | 8057976 | 11143204 | (6283604) | 309686346 |  | (4907311) | 16847909 | (288970) |
| Sunoco LP | 25182585 | 1378002744 | 16876909 | 53835174 | (32299635) | 1606397097 |  | (23297779) | 214091987 | (812303) |
| USA Compression Partners LP | 17989096 | 439516246 | 7135634 | 17059163 | (9838029) | 491462103 |  | (9298773) | 47412006 | (524144) |
| Western Midstream Partners LP | 35092771 | 1375665822 |  | 53912604 | (47748699) | 1459508346 | - | (31658003) | 109336723 | (101) |
|  |  |  |  |  |  | $7620397184 | $- | $(138089992) | $984560926 | $(6743343) |

---

 

*\** *100% of the income received was estimated as Return of Capital.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ALPS ETF TRUST

- **b. Investment Company Act file number:** 811-22175

- **c. CIK number of Registrant:** 0001414040

- **d. LEI of Registrant:** 549300VF1907NYC4WM31

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

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036232577

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

- **a. Name of Series:** ALPS Disruptive Technologies ETF

- **b. EDGAR series identifier (if any):** S000060186

- **c. LEI of Series:** 549300FE8PQM6C4QWV13

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $77369791.26

**Total Liabilities:** $29402.05

**Net Assets:** $77340389.21

**Cash Not Reported:** $5.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196973 | -0.80%               | -3.46%               | -1.62%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $207053.78               | $-871263.76                                |
| Month 2  | $384588.80               | $-3156350.23                               |
| Month 3  | $449240.06               | $-1739367.79                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sensetime Group Inc                                        | SenseTime Group, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   3083000 | NS      | $1008829.92   | 1.30%             |  |  |  | Yes           |                  1 | On Loan: —       |
| Goldwind Science & Technology Co Ltd                       | Goldwind Science & Technology Co., Ltd.                    | CUSIP: N/A<br>LEI: 3003008X6GR2ZPYM2V54       | Long             | EC               | CORP              | CN        |    490200 | NS      | $969948.62    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gmo Payment Gateway Inc                                    | GMO Payment Gateway, Inc.                                  | CUSIP: N/A<br>LEI: 353800Q6U21E2PM83F86       | Long             | EC               | CORP              | JP        |     13605 | NS      | $704883.01    | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Omron Corp                                                 | Omron Corp.                                                | CUSIP: N/A<br>LEI: 549300ZHW0TR2QZ0NY83       | Long             | EC               | CORP              | JP        |     32050 | NS      | $1139446.10   | 1.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Keyence Corp                                               | Keyence Corp.                                              | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |      2382 | NS      | $1007619.63   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fanuc Corp                                                 | FANUC Corp.                                                | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |     21661 | NS      | $986614.75    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| China Longyuan Power Group Corp Ltd                        | China Longyuan Power Group Corp., Ltd.                     | CUSIP: N/A<br>LEI: 5299008UYLF3O6V9T464       | Long             | EC               | CORP              | CN        |    955000 | NS      | $924067.54    | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Xinyi Solar Holdings Ltd                                   | Xinyi Solar Holdings, Ltd.                                 | CUSIP: N/A<br>LEI: 529900QF7VIH03SB7Q08       | Long             | EC               | CORP              | KY        |   2184000 | NS      | $965902.29    | 1.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Adobe Inc                                                  | Adobe, Inc.                                                | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      2385 | NS      | $625847.85    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                               | Autodesk, Inc.                                             | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      3087 | NS      | $759000.69    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Adt Inc                                                    | ADT, Inc.                                                  | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102817 | NS      | $824592.34    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen Nv                                                   | Adyen NV                                                   | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |       534 | NS      | $627693.40    | 0.81%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Allegro Microsystems Inc                                   | Allegro MicroSystems, Inc.                                 | CUSIP: 01749D105<br>LEI: 54930004TGPV6DR3LE12 | Long             | EC               | CORP              | US        |     29350 | NS      | $1070394.50   | 1.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Align Technology Inc                                       | Align Technology, Inc.                                     | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      5101 | NS      | $969700.10    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc                                     | Alarm.com Holdings, Inc.                                   | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     15840 | NS      | $757944.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Autostore Holdings Ltd                                     | AutoStore Holdings, Ltd.                                   | CUSIP: N/A<br>LEI: 549300KYN3M0LSM5A413       | Long             | EC               | CORP              | BM        |    738244 | NS      | $846298.46    | 1.09%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Aerovironment Inc                                          | AeroVironment, Inc.                                        | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      3347 | NS      | $844280.75    | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |
| American Express Co                                        | American Express Co.                                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      2171 | NS      | $670621.90    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners Lp                           | Brookfield Renewable Partners LP                           | CUSIP: N/A<br>LEI: VA8DFMRI2GY8Y7V79H93       | Long             | EC               | CORP              | BM        |     29664 | NS      | $943167.54    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                                     | Boston Scientific Corp.                                    | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      9111 | NS      | $700180.35    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                                 | Cadence Design Systems, Inc.                               | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      2769 | NS      | $834576.60    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                                | Cognex Corp.                                               | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     22665 | NS      | $1232976.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd                      | Check Point Software Technologies, Ltd.                    | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      4211 | NS      | $640366.77    | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| Corpay Inc                                                 | Corpay, Inc.                                               | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      2642 | NS      | $858914.20    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                             | Salesforce, Inc.                                           | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      3186 | NS      | $620600.94    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                                   | Crowdstrike Holdings, Inc.                                 | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1615 | NS      | $600747.70    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                                | Datadog, Inc.                                              | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      5577 | NS      | $624400.92    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes Se                                       | Dassault Systemes SE                                       | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |     34154 | NS      | $748610.67    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                              | Dynatrace, Inc.                                            | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     18461 | NS      | $663119.12    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                                 | Dexcom, Inc.                                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     12125 | NS      | $890338.75    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Enlight Renewable Energy Ltd                               | Enlight Renewable Energy, Ltd.                             | CUSIP: N/A<br>LEI: 984500HF6A99N758F734       | Long             | EC               | CORP              | IL        |     20953 | NS      | $1434724.67   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                                | Equinix, Inc.                                              | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1109 | NS      | $1080454.34   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian Plc                                               | Experian PLC                                               | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |     18786 | NS      | $705332.61    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc                 | Fidelity National Information Services, Inc.               | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     12431 | NS      | $633483.76    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                                 | Fiserv, Inc.                                               | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     12264 | NS      | $763924.56    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                            | First Solar, Inc.                                          | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      3064 | NS      | $604220.80    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                               | Fortinet, Inc.                                             | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     10135 | NS      | $800969.05    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                            | Gen Digital, Inc.                                          | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     30090 | NS      | $679131.30    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                         | Globus Medical, Inc.                                       | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      9405 | NS      | $897801.30    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                                        | Global Payments, Inc.                                      | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     10203 | NS      | $780121.38    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                                 | Garmin, Ltd.                                               | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      3966 | NS      | $1002723.78   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                                     | Guidewire Software, Inc.                                   | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      4087 | NS      | $593922.84    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                                | Hologic, Inc.                                              | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     11171 | NS      | $841846.56    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                                           | HealthEquity, Inc.                                         | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      8583 | NS      | $656513.67    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                 | Intuit, Inc.                                               | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1236 | NS      | $505561.08    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                                | Samsara, Inc.                                              | CUSIP: 79589L106<br>LEI: 529900IE80DQBIFK3M88 | Long             | EC               | CORP              | US        |     19063 | NS      | $550920.70    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                     | Intuitive Surgical, Inc.                                   | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      1527 | NS      | $768859.77    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                                  | Itron, Inc.                                                | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      8506 | NS      | $799138.70    | 1.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Jack Henry & Associates Inc                                | Jack Henry & Associates, Inc.                              | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      4466 | NS      | $725546.36    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                             | Mastercard, Inc.                                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1484 | NS      | $767539.64    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                               | Moody's Corp.                                              | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1721 | NS      | $821932.39    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group Nv                                            | Nebius Group NV                                            | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |      8866 | NS      | $808490.54    | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Nemetschek Se                                              | Nemetschek SE                                              | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |      8559 | NS      | $685682.79    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                | Netflix, Inc.                                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      8884 | NS      | $854996.16    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                                             | ServiceNow, Inc.                                           | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      4818 | NS      | $520392.18    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                                   | Okta, Inc.                                                 | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |      9227 | NS      | $668957.50    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corp                                             | Open Text Corp.                                            | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               | CORP              | CA        |     25020 | NS      | $619745.40    | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| Pagseguro Digital Ltd                                      | Pagseguro Digital, Ltd.                                    | CUSIP: G68707101<br>LEI: 391200VY4YW47I4HGH62 | Long             | EC               | CORP              | KY        |     81791 | NS      | $867802.51    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                     | Palo Alto Networks, Inc.                                   | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      8391 | NS      | $1249587.72   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                               | Insulet Corp.                                              | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      2841 | NS      | $700619.01    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Procept Biorobotics Corp                                   | PROCEPT BioRobotics Corp.                                  | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23200 | NS      | $526408.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Proto Labs Inc                                             | Proto Labs, Inc.                                           | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |     17452 | NS      | $1083420.16   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ptc Inc                                                    | PTC, Inc.                                                  | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      5218 | NS      | $817086.62    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc                                        | PayPal Holdings, Inc.                                      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     13550 | NS      | $626145.50    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                                  | Qorvo, Inc.                                                | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      9349 | NS      | $775032.10    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                                 | Rubrik, Inc.                                               | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |      9600 | NS      | $498816.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Relx Plc                                                   | RELX PLC                                                   | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     20753 | NS      | $721996.87    | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| Resmed Inc                                                 | ResMed, Inc.                                               | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      3311 | NS      | $848476.86    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Renishaw Plc                                               | Renishaw PLC                                               | CUSIP: N/A<br>LEI: 21380048ADXM6Z67CT18       | Long             | EC               | CORP              | GB        |     19865 | NS      | $1151159.66   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sailpoint Inc                                              | SailPoint, Inc.                                            | CUSIP: 78781J109<br>LEI: 529900809B15HNZH5H79 | Long             | EC               | CORP              | US        |     38450 | NS      | $542145.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Sap Se                                                     | SAP SE                                                     | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      3379 | NS      | $680969.87    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                        | SECURITIES LENDING - GENERAL                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaredge Technologies Inc                                 | SolarEdge Technologies, Inc.                               | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |     26106 | NS      | $924152.40    | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Silicon Laboratories Inc                                   | Silicon Laboratories, Inc.                                 | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      5846 | NS      | $1195682.38   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew Plc                                         | Smith & Nephew PLC                                         | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     25493 | NS      | $940691.70    | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Snowflake Inc                                              | Snowflake, Inc.                                            | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      3790 | NS      | $638273.90    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                               | Synopsys, Inc.                                             | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1946 | NS      | $805644.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Soundhound Ai Inc                                          | SoundHound AI, Inc.                                        | CUSIP: 836100107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69485 | NS      | $597571.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| S&p Global Inc                                             | S&P Global, Inc.                                           | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      1680 | NS      | $742358.40    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Ss&c Technologies Holdings Inc                             | SS&C Technologies Holdings, Inc.                           | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |      9600 | NS      | $722784.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratasys Ltd                                              | Stratasys, Ltd.                                            | CUSIP: M85548101<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | IL        |     98388 | NS      | $947476.44    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding Plc                           | Sensata Technologies Holding PLC                           | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     23220 | NS      | $867034.80    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric Se                                      | Schneider Electric SE                                      | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      2973 | NS      | $972018.65    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                                     | Skyworks Solutions, Inc.                                   | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     12248 | NS      | $729735.84    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus Ai Inc                                              | Tempus AI, Inc.                                            | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |     11318 | NS      | $602683.50    | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Temenos Ag                                                 | Temenos AG                                                 | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |      8779 | NS      | $816412.17    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Treasury Plus Money Market Fund | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |    189077 | NS      | $189076.67    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lendingtree Inc                                            | LendingTree, Inc.                                          | CUSIP: 52603B107<br>LEI: 549300ISY5YHUJZTON08 | Long             | EC               | CORP              | US        |     14943 | NS      | $558419.91    | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Thomson Reuters Corp                                       | Thomson Reuters Corp.                                      | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |      6331 | NS      | $609545.27    | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Transunion                                                 | TransUnion                                                 | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |      9747 | NS      | $765626.85    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                  | Tesla, Inc.                                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      1870 | NS      | $752693.70    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                   | Visa, Inc.                                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2419 | NS      | $774418.66    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                                       | Verisk Analytics, Inc.                                     | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3865 | NS      | $802258.05    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/s                                    | Vestas Wind Systems A/S                                    | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |     31295 | NS      | $803952.30    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                                | Workday, Inc.                                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      3731 | NS      | $499058.56    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer Nv                                          | Wolters Kluwer NV                                          | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      8021 | NS      | $645425.55    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Xero Ltd                                                   | Xero, Ltd.                                                 | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |     11052 | NS      | $653906.79    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                                  | Block, Inc.                                                | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     13141 | NS      | $837081.70    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                                    | Zoom Communications, Inc.                                  | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      9264 | NS      | $684980.16    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                                | Zscaler, Inc.                                              | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      3454 | NS      | $507703.46    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** ALPS ETF TRUST

**Signature:** Erich Rettinger

**Name of Signer:** Erich Rettinger

**Title:** Treasurer