# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0001145549-25-049545
**Filing Date:** 2025-7
**Character Count:** 114337
**Document Hash:** f1a3aa35709f55021c8146ad901a8196
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049545.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049545

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB FUND, INC.
- **CENTRAL INDEX KEY:** 0000831114

**ORGANIZATION NAME:**
- **EIN:** 510312196
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05518
- **FILM NUMBER:** 251159387

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 609-731-6256

**MAIL ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RBB FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FUND INC /DE/
- **DATE OF NAME CHANGE:** 19600201

## Series and Classes Contracts Data

### Oakhurst Fixed Income Fund (Series ID: S000080834)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000243398 | Institutional Shares | OHFIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Oakhurst Fixed Income Fund** | **Oakhurst Fixed Income Fund** | **Oakhurst Fixed Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **U.S. TREASURY SECURITIES - 28.5%** | **Par** | **Value** |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 5.25%, 02/15/2029 <sup>(a)</sup> | 2000000 | $2097344 |
| &nbsp;&nbsp; 4.13%, 07/31/2031 <sup>(a)</sup> | 3614000 | 3615059 |
| &nbsp;&nbsp; 3.63%, 09/30/2031 <sup>(a)</sup> | 1328000 | 1290261 |
| &nbsp;&nbsp; 2.75%, 08/15/2032 <sup>(a)</sup> | 2500000 | 2274707 |
| &nbsp;&nbsp; 4.13%, 11/15/2032 <sup>(a)</sup> | 4330000 | 4305644 |
| &nbsp;&nbsp; 3.50%, 02/15/2033 <sup>(a)</sup> | 4800000 | 4565344 |
| &nbsp;&nbsp; 3.88%, 08/15/2033 <sup>(a)</sup> | 5348000 | 5194454 |
| &nbsp;&nbsp; 4.50%, 11/15/2033 <sup>(a)</sup> | 5017000 | 5084220 |
| &nbsp;&nbsp; 4.00%, 02/15/2034 <sup>(a)</sup> | 1775000 | 1731180 |
| &nbsp;&nbsp; 4.38%, 05/15/2034 <sup>(a)</sup> | 2275000 | 2277399 |
| &nbsp;&nbsp; 4.25%, 11/15/2034 <sup>(a)</sup> | 1000000 | 988359 |
| &nbsp;&nbsp; 4.63%, 02/15/2035 <sup>(a)</sup> | 675000 | 686443 |
| &nbsp;&nbsp; 3.00%, 05/15/2042 <sup>(a)</sup> | 4699000 | 3669258 |
| &nbsp;&nbsp; 2.50%, 02/15/2045 <sup>(a)</sup> | 4323000 | 2967503 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $43,307,674) | **TOTAL U.S. TREASURY SECURITIES** (Cost $43,307,674) | 40747175 |
| **CORPORATE BONDS - 23.2%** | **Par** | **Value** |
| **Communications - 0.6%** | **Communications - 0.6%** | **Communications - 0.6%** |
|  Discovery Communications LLC, 5.00%, 09/20/2037 <sup>(a)</sup> | 1025000 | 805123 |
| **Consumer Discretionary - 2.8%** | **Consumer Discretionary - 2.8%** | **Consumer Discretionary - 2.8%** |
|  AutoZone, Inc., 4.75%, 08/01/2032 <sup>(a)</sup> | 1075000 | 1052922 |
|  Fortune Brands Innovations, Inc., 5.88%, 06/01/2033 <sup>(a)</sup> | 900000 | 925548 |
|  Marriott International, Inc./MD, 5.10%, 04/15/2032 <sup>(a)</sup> | 1085000 | 1079681 |
|  Phinia Holdings Jersey Ltd., 5.00%, 10/01/2025 <sup>(a)(b)</sup> | 1064000 | 942688 |
|  |  | 4000839 |
| **Consumer Staples - 0.3%** | **Consumer Staples - 0.3%** | **Consumer Staples - 0.3%** |
|  BAT Capital Corp., 7.08%, 08/02/2053 <sup>(a)</sup> | 467000 | 506578 |
| **Energy - 2.0%** | **Energy - 2.0%** | **Energy - 2.0%** |
|  El Paso Natural Gas Co. LLC, 8.38%, 06/15/2032 <sup>(a)</sup> | 823000 | 946205 |
|  Enbridge, Inc., 5.70%, 03/08/2033 <sup>(a)</sup> | 904000 | 921084 |
| Phillips 66 Partners LP | Phillips 66 Partners LP | Phillips 66 Partners LP |
| &nbsp;&nbsp; 3.55%, 10/01/2026 <sup>(a)</sup> | 565000 | 549092 |
| &nbsp;&nbsp; 3.75%, 03/01/2028 <sup>(a)</sup> | 536000 | 511034 |
| &nbsp;&nbsp; 3.15%, 12/15/2029 <sup>(a)</sup> | 6000 | 5489 |
|  |  | 2932904 |
| **Financials - 9.4%** | **Financials - 9.4%** | **Financials - 9.4%** |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.30%, 01/30/2032 <sup>(a)</sup> | 1075000 | 954393 |
|  American Homes 4 Rent LP, 5.50%, 02/01/2034 <sup>(a)</sup> | 970000 | 967991 |
|  Antares Holdings LP, 7.95%, 08/11/2028 <sup>(a)(b)</sup> | 800000 | 839109 |
|  Aviation Capital Group LLC, 6.38%, 07/15/2030 <sup>(a)(b)</sup> | 900000 | 945836 |
|  Bank of America Corp., 5.29% to 04/25/2033 then SOFR + 1.91%, 04/25/2034 <sup>(a)</sup> | 905000 | 905230 |
|  Blackstone Private Credit Fund, 3.25%, 03/15/2027 <sup>(a)</sup> | 1033000 | 998900 |
|  Blue Owl Capital Corp., 2.63%, 01/15/2027 <sup>(a)</sup> | 1054000 | 1007823 |
|  Bridge Housing Corp., 3.25%, 07/15/2030 <sup>(a)</sup> | 1045000 | 950059 |
|  Crown Castle, Inc., 5.10%, 05/01/2033 <sup>(a)</sup> | 968000 | 947427 |
|  Fairfax Financial Holdings Ltd., 7.75%, 07/15/2037 <sup>(a)</sup> | 947000 | 1084338 |
|  First Citizens BancShares, Inc./NC, 6.76% (3 mo. Term SOFR + 2.47%), 03/15/2030 <sup>(a)</sup> | 1285000 | 1284810 |
|  FS KKR Capital Corp., 6.88%, 08/15/2029 <sup>(a)</sup> | 950000 | 965689 |
|  Icahn Enterprises LP / Icahn Enterprises Finance Corp., 4.38%, 02/01/2029 <sup>(a)</sup> | 750000 | 613288 |
|  Jackson Financial, Inc., 3.13%, 11/23/2031 <sup>(a)</sup> | 1100000 | 958330 |
|  |  | 13423223 |
| **Health Care - 2.5%** | **Health Care - 2.5%** | **Health Care - 2.5%** |
|  Bristol-Myers Squibb Co., 5.88%, 11/15/2036 <sup>(a)</sup> | 1097000 | 1154460 |
|  CVS Pass-Through Trust Series 2009, 8.35%, 07/10/2031 <sup>(a)(b)</sup> | 416873 | 447306 |
|  CVS Pass-Through Trust Series 2013, Series 2013, 4.70%, 01/10/2036 <sup>(a)(b)</sup> | 544413 | 517102 |
|  CVS Pass-Through Trust Series 2014, 4.16%, 08/11/2036 <sup>(a)(b)</sup> | 592716 | 545479 |
|  Quest Diagnostics, Inc., 6.40%, 11/30/2033 <sup>(a)</sup> | 880000 | 949581 |
|  |  | 3613928 |
| **Technology - 3.4%** | **Technology - 3.4%** | **Technology - 3.4%** |
|  Applied Materials, Inc., 5.85%, 06/15/2041 <sup>(a)</sup> | 867000 | 899387 |
|  Broadcom, Inc., 4.30%, 11/15/2032 <sup>(a)</sup> | 1100000 | 1049854 |
|  Hewlett Packard Enterprise Co., 6.20%, 10/15/2035 <sup>(a)(c)</sup> | 857000 | 889943 |
|  Kyndryl Holdings, Inc., 6.35%, 02/20/2034 <sup>(a)(d)</sup> | 1000000 | 1048568 |
|  Leidos Holdings, Inc., 5.95%, 12/01/2040 <sup>(a)</sup> | 945000 | 924775 |
|  |  | 4812527 |
| **Utilities - 2.2%** | **Utilities - 2.2%** | **Utilities - 2.2%** |
|  Berkshire Hathaway Energy Co., 6.50%, 09/15/2037 <sup>(a)</sup> | 858000 | 924122 |
|  DTE Electric Co., 5.25%, 05/15/2035 <sup>(a)</sup> | 281000 | 280677 |
|  National Rural Utilities Cooperative Finance Corp., 8.00%, 03/01/2032 <sup>(a)</sup> | 805000 | 936134 |
|  Potomac Electric Power Co., 7.90%, 12/15/2038 <sup>(a)</sup> | 780000 | 965727 |
|  |  | 3106660 |
| **TOTAL CORPORATE BONDS** (Cost $33,756,262) | **TOTAL CORPORATE BONDS** (Cost $33,756,262) | 33201782 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 18.6%** | **Par** | **Value** |
|  ABN Amro Mortgage Corp., Series 2003-12, Class 1A, 5.00%, 12/25/2033 <sup>(a)</sup> | 80682 | 79782 |
| Banc of America Mortgage Securities, Inc. | Banc of America Mortgage Securities, Inc. | Banc of America Mortgage Securities, Inc. |
| &nbsp;&nbsp; Series 2003-J, Class 2A1, 5.79%, 11/25/2033 <sup>(a)(e)</sup> | 210135 | 187867 |
| &nbsp;&nbsp; Series 2004-A, Class 3A1, 6.87%, 02/25/2034 <sup>(a)(e)</sup> | 10015 | 10122 |
|  Bear Stearns Alt-A Trust, Series 2003-6, Class 2A1, 5.80%, 01/25/2034 <sup>(a)(e)</sup> | 131796 | 121139 |
|  Countrywide Home Loan Mortgage Pass Through Trust, Series 2003-49, Class A9, 6.16%, 12/19/2033 <sup>(a)(e)</sup> | 27674 | 26476 |
|  Credit Suisse Management LLC, Series 2002-AR31, Class 4A2, 7.64%, 11/25/2032 <sup>(a)(e)</sup> | 32297 | 32166 |
|  Credit Suisse Mortgage Capital Certificates, Series 2013-IVR1, Class A2, 3.00%, 03/25/2043 <sup>(a)(b)(e)</sup> | 295719 | 267298 |
|  Fannie Mae Whole Loan, Series 2004-W3, Class A7, 5.50%, 05/25/2034 <sup>(a)</sup> | 266650 | 271598 |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series 2569, Class LD, 5.50%, 02/15/2033 <sup>(a)</sup> | 23741 | 24330 |
| &nbsp;&nbsp; Series 3622, Class WA, 5.50%, 09/15/2039 <sup>(a)</sup> | 113446 | 116551 |
| &nbsp;&nbsp; Series 3793, Class UA, 4.00%, 06/15/2033 <sup>(a)</sup> | 22573 | 22001 |
| &nbsp;&nbsp; Series 3827, Class HA, 3.50%, 11/15/2025 <sup>(a)</sup> | 5208 | 5188 |
| &nbsp;&nbsp; Series 3940, Class PD, 2.50%, 02/15/2041 <sup>(a)</sup> | 55573 | 54332 |
| &nbsp;&nbsp; Series 4077, Class AP, 4.00%, 01/15/2042 <sup>(a)</sup> | 22075 | 21739 |
| &nbsp;&nbsp; Series 4183, Class PA, 3.50%, 01/15/2043 <sup>(a)</sup> | 7723 | 7691 |
| &nbsp;&nbsp; Series 4753, Class JA, 3.00%, 12/15/2047 <sup>(a)</sup> | 850020 | 771600 |
| &nbsp;&nbsp; Series 4760, Class A, 3.00%, 02/15/2048 <sup>(a)</sup> | 521702 | 497314 |
| &nbsp;&nbsp; Series 4960, Class PD, 2.00%, 10/25/2049 <sup>(a)</sup> | 605492 | 503367 |
| &nbsp;&nbsp; Series 5145, Class AB, 1.50%, 09/25/2049 <sup>(a)</sup> | 1067372 | 836992 |
| &nbsp;&nbsp; Series 5206, Class DV, 3.50%, 06/25/2033 <sup>(a)</sup> | 906835 | 857068 |
| &nbsp;&nbsp; Series 5227, Class JQ, 4.00%, 04/25/2047 <sup>(a)</sup> | 858510 | 831003 |
| &nbsp;&nbsp; Series 5231, Class LV, 4.50%, 05/25/2052 <sup>(a)</sup> | 958776 | 932359 |
| &nbsp;&nbsp; Series 5252, Class BA, 4.00%, 02/25/2050 <sup>(a)</sup> | 906784 | 889392 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Series 2005-80, Class BA, 5.00%, 04/25/2029 <sup>(a)</sup> | 18512 | 18849 |
| &nbsp;&nbsp; Series 2009-96, Class DB, 4.00%, 11/25/2029 <sup>(a)</sup> | 36265 | 35945 |
| &nbsp;&nbsp; Series 2013-13, Class MA, 4.00%, 01/25/2043 <sup>(a)</sup> | 194735 | 186215 |
| &nbsp;&nbsp; Series 2016-24, Class HA, 3.00%, 04/25/2044 <sup>(a)</sup> | 38331 | 37575 |
| &nbsp;&nbsp; Series 2016-49, Class LA, 3.50%, 01/25/2043 <sup>(a)</sup> | 57457 | 56859 |
| &nbsp;&nbsp; Series 2016-89, Class CG, 3.00%, 04/25/2046 <sup>(a)</sup> | 93865 | 86424 |
| &nbsp;&nbsp; Series 2017-105, Class N, 3.00%, 01/25/2048 <sup>(a)</sup> | 1034104 | 914775 |
| &nbsp;&nbsp; Series 2017-22, Class EC, 3.00%, 06/25/2044 <sup>(a)</sup> | 68742 | 67431 |
| &nbsp;&nbsp; Series 2018-45, Class AB, 3.00%, 06/25/2048 <sup>(a)</sup> | 180963 | 161981 |
| &nbsp;&nbsp; Series 2019-33, Class N, 3.00%, 03/25/2048 <sup>(a)</sup> | 213458 | 199726 |
| &nbsp;&nbsp; Series 2022-22, Class EV, 4.00%, 07/25/2033 <sup>(a)</sup> | 652019 | 628418 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; Series 2017-84, Class JD, 3.00%, 05/20/2047 <sup>(a)</sup> | 31063 | 27764 |
| &nbsp;&nbsp; Series 2018-6, Class JA, 2.75%, 01/20/2048 <sup>(a)</sup> | 178751 | 165379 |
| &nbsp;&nbsp; Series 2019-152, Class HA, 3.50%, 08/20/2049 <sup>(a)</sup> | 114469 | 110090 |
| &nbsp;&nbsp; Series 2019-61, Class KU, 3.50%, 05/20/2049 <sup>(a)</sup> | 430893 | 383639 |
| &nbsp;&nbsp; Series 2019-99, Class JC, 3.00%, 08/20/2049 <sup>(a)</sup> | 66554 | 59682 |
| &nbsp;&nbsp; Series 2020-122, Class DP, 2.50%, 07/20/2050 <sup>(a)</sup> | 1053090 | 887969 |
| &nbsp;&nbsp; Series 2020-123, Class PB, 2.25%, 08/20/2050 <sup>(a)</sup> | 518420 | 415915 |
| &nbsp;&nbsp; Series 2020-133, Class A, 6.34%, 05/20/2050 <sup>(a)(e)</sup> | 206529 | 210804 |
| &nbsp;&nbsp; Series 2020-133, Class HA, 3.50%, 09/20/2050 <sup>(a)</sup> | 227700 | 204631 |
| &nbsp;&nbsp; Series 2020-134, Class NP, 2.50%, 09/20/2050 <sup>(a)</sup> | 810929 | 666104 |
| &nbsp;&nbsp; Series 2020-183, Class AY, 2.00%, 11/20/2050 <sup>(a)</sup> | 800202 | 634655 |
| &nbsp;&nbsp; Series 2020-5, Class NA, 3.50%, 12/20/2049 <sup>(a)</sup> | 178262 | 164542 |
| &nbsp;&nbsp; Series 2020-78, Class CB, 5.00%, 09/20/2034 <sup>(a)</sup> | 132834 | 131507 |
| &nbsp;&nbsp; Series 2020-84, Class WA, 3.50%, 06/20/2050 <sup>(a)</sup> | 148038 | 133262 |
| &nbsp;&nbsp; Series 2020-95, Class NB, 4.50%, 07/20/2050 <sup>(a)</sup> | 19352 | 18156 |
| &nbsp;&nbsp; Series 2022-20, Class KA, 2.50%, 01/20/2052 <sup>(a)</sup> | 902928 | 816959 |
| &nbsp;&nbsp; Series 2022-24, Class BC, 4.00%, 02/20/2052 <sup>(a)</sup> | 588310 | 548458 |
| &nbsp;&nbsp; Series 2022-78, Class LA, 4.50%, 07/20/2050 <sup>(a)</sup> | 723524 | 717865 |
|  GS Mortgage-Backed Securities Trust, Series 2021-PJ1, Class A4, 2.50%, 06/25/2051 <sup>(a)(b)(e)</sup> | 561647 | 447957 |
| Harborview Mortgage Loan Trust | Harborview Mortgage Loan Trust | Harborview Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2003-1, Class A, 5.31%, 05/19/2033 <sup>(a)(e)</sup> | 28340 | 26359 |
| &nbsp;&nbsp; Series 2004-4, Class 2A, 5.00% (1 mo. Term SOFR + 0.67%), 06/19/2034 <sup>(a)</sup> | 50585 | 45873 |
|  Impac CMB Trust, Series 2005-4, Class 2A1, 5.04% (1 mo. Term SOFR + 0.41%), 05/25/2035 <sup>(a)</sup> | 171173 | 163708 |
|  Impac Funding Corp., Series 2003-3, Class A1, 5.20%, 08/25/2033 <sup>(a)(e)</sup> | 16329 | 16109 |
|  Impac Secured Assets CMN Owner Trust, Series 2006-1, Class 2A1, 5.14% (1 mo. Term SOFR + 0.81%), 05/25/2036 <sup>(a)</sup> | 77923 | 71600 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2003-A1, Class 1A1, 5.06%, 10/25/2033 <sup>(a)(e)</sup> | 33803 | 32177 |
| &nbsp;&nbsp; Series 2004-A1, Class 4A1, 6.24%, 02/25/2034 <sup>(a)(e)</sup> | 16689 | 16587 |
| &nbsp;&nbsp; Series 2004-A3, Class SF3, 6.48%, 06/25/2034 <sup>(a)(e)</sup> | 24358 | 24308 |
| &nbsp;&nbsp; Series 2004-A4, Class 2A2, 6.46%, 09/25/2034 <sup>(a)(e)</sup> | 441156 | 413909 |
| &nbsp;&nbsp; Series 2004-A5, Class 2A1, 6.85%, 12/25/2034 <sup>(a)(e)</sup> | 21052 | 21342 |
| &nbsp;&nbsp; Series 2013-3, Class A3, 3.36%, 07/25/2043 <sup>(a)(b)(e)</sup> | 39662 | 37036 |
| &nbsp;&nbsp; Series 2017-2, Class A3, 3.50%, 05/25/2047 <sup>(a)(b)(e)</sup> | 95601 | 86052 |
|  Mastr Adjustable Rate Mortgages Trust, Series 2003-3, Class 2A1, 7.45%, 09/25/2033 <sup>(a)(e)</sup> | 46016 | 45492 |
|  MASTR Asset Securitization Trust, Series 2004-1, Class 3A7, 5.25%, 01/25/2034 <sup>(a)</sup> | 31605 | 31140 |
| Merrill Lynch Mortgage Investors, Inc. | Merrill Lynch Mortgage Investors, Inc. | Merrill Lynch Mortgage Investors, Inc. |
| &nbsp;&nbsp; Series 2004-A3, Class 1A, 5.59%, 05/25/2034 <sup>(a)(e)</sup> | 102017 | 93426 |
| &nbsp;&nbsp; Series 2005-A1, Class 1A, 6.63%, 12/25/2034 <sup>(a)(e)</sup> | 184234 | 182438 |
|  MortgageIT Trust, Series 2004-1, Class A2, 5.34% (1 mo. Term SOFR + 1.01%), 11/25/2034 <sup>(a)</sup> | 590313 | 563749 |
|  New Residential Mortgage Loan Trust, Series 2017-3A, Class A1, 4.00%, 04/25/2057 <sup>(a)(b)(e)</sup> | 153229 | 147125 |
|  Provident Funding Mortgage Trust, Series 2025-1, Class A3, 5.50%, 02/25/2055 <sup>(a)(b)(e)</sup> | 1351510 | 1349200 |
|  RCKT Mortgage Trust, Series 2022-1, Class A5, 2.50%, 01/25/2052 <sup>(a)(b)(e)</sup> | 1189949 | 1048282 |
|  Rithm Capital Corp., Series 2015-2A, Class A2, 3.75%, 08/25/2055 <sup>(a)(b)(e)</sup> | 138718 | 133695 |
| Sequoia Mortgage Trust | Sequoia Mortgage Trust | Sequoia Mortgage Trust |
| &nbsp;&nbsp; Series 2003-8, Class A1, 5.08% (1 mo. Term SOFR + 0.75%), 01/20/2034 <sup>(a)</sup> | 106087 | 102400 |
| &nbsp;&nbsp; Series 2004-6, Class A2, 5.00% (1 mo. Term SOFR + 0.67%), 07/20/2034 <sup>(a)</sup> | 59866 | 59360 |
| &nbsp;&nbsp; Series 2013-5, Class A1, 2.50%, 05/25/2043 <sup>(a)(b)(e)</sup> | 146583 | 126848 |
| &nbsp;&nbsp; Series 2013-6, Class A2, 3.00%, 05/25/2043 <sup>(a)(e)</sup> | 168108 | 149965 |
| &nbsp;&nbsp; Series 2018-5, Class A7, 3.50%, 05/25/2048 <sup>(a)(b)(e)</sup> | 651422 | 587280 |
| &nbsp;&nbsp; Series 2019-2, Class A1, 4.00%, 06/25/2049 <sup>(a)(b)(e)</sup> | 461890 | 432885 |
| &nbsp;&nbsp; Series 2019-4, Class A1, 3.50%, 11/25/2049 <sup>(a)(b)(e)</sup> | 458537 | 412012 |
| &nbsp;&nbsp; Series 2020-4, Class A2, 2.50%, 11/25/2050 <sup>(a)(b)(e)</sup> | 511712 | 409988 |
|  Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 4A4, 6.53%, 02/25/2034 <sup>(a)(e)</sup> | 45987 | 44742 |
| Structured Asset Mortgage Investments, Inc. | Structured Asset Mortgage Investments, Inc. | Structured Asset Mortgage Investments, Inc. |
| &nbsp;&nbsp; Series 2003-AR4, Class A1, 5.14% (1 mo. Term SOFR + 0.81%), 01/19/2034 <sup>(a)</sup> | 20491 | 19483 |
| &nbsp;&nbsp; Series 2004-AR4, Class 1A1, 5.14% (1 mo. Term SOFR + 0.81%), 12/19/2034 <sup>(a)</sup> | 29112 | 27758 |
| &nbsp;&nbsp; Series 2004-AR6, Class A1A, 5.14% (1 mo. Term SOFR + 0.81%), 02/19/2035 <sup>(a)</sup> | 809750 | 796473 |
| Structured Asset Securities Corp. | Structured Asset Securities Corp. | Structured Asset Securities Corp. |
| &nbsp;&nbsp; Series 2003-34A, Class 5A4, 5.69%, 11/25/2033 <sup>(a)(e)</sup> | 58669 | 57303 |
| &nbsp;&nbsp; Series 2003-9A, Class 2A1, 5.99%, 03/25/2033 <sup>(a)(e)</sup> | 52826 | 51744 |
|  Terwin Mortgage Trust, Series 2004-1HE, Class M1, 5.56% (1 mo. Term SOFR + 1.24%), 02/25/2034 <sup>(a)(b)</sup> | 261179 | 250464 |
| WaMu Mortgage Pass Through Certificates | WaMu Mortgage Pass Through Certificates | WaMu Mortgage Pass Through Certificates |
| &nbsp;&nbsp; Series 2002-AR2, Class A, 4.18% (Ent 11th COFI Repl + 1.25%), 02/27/2034 <sup>(a)</sup> | 59583 | 57360 |
| &nbsp;&nbsp; Series 2005-AR13, Class A1A3, 6.00% (1 mo. Term SOFR + 1.67%), 10/25/2045 <sup>(a)</sup> | 105194 | 105920 |
| &nbsp;&nbsp; Series 2005-AR2, Class 1A1A, 5.10% (1 mo. Term SOFR + 0.77%), 01/25/2045 <sup>(a)</sup> | 779111 | 761296 |
|  Wells Fargo Alternative Loan Trust, Series 2002-1, Class 1A1, 6.25%, 08/25/2032 <sup>(a)</sup> | 148116 | 151884 |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2021-RR1, Class A3, 2.50%, 12/25/2050 <sup>(a)(b)(e)</sup> | 938098 | 837654 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $28,569,578) | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $28,569,578) | 26499337 |
| **MORTGAGE-BACKED SECURITIES - 14.5%** | **Par** | **Value** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool C91859, 3.50%, 12/01/2035 <sup>(a)</sup> | 170277 | 164610 |
| &nbsp;&nbsp; Pool SB8257, 5.50%, 09/01/2038 <sup>(a)</sup> | 752529 | 763985 |
| &nbsp;&nbsp; Pool SD3148, 5.00%, 06/01/2053 <sup>(a)</sup> | 969414 | 945832 |
| &nbsp;&nbsp; Pool SD3386, 5.50%, 07/01/2053 <sup>(a)</sup> | 1371174 | 1358246 |
| &nbsp;&nbsp; Pool SD8255, 3.50%, 10/01/2052 <sup>(a)</sup> | 1805819 | 1604210 |
| &nbsp;&nbsp; Pool SD8489, 4.50%, 12/01/2054 <sup>(a)</sup> | 980908 | 925445 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Pool CA2472, 4.00%, 10/01/2048 <sup>(a)</sup> | 961471 | 893018 |
| &nbsp;&nbsp; Pool CB4024, 4.50%, 07/01/2052 <sup>(a)</sup> | 1154837 | 1104669 |
| &nbsp;&nbsp; Pool FA0095, 6.00%, 12/01/2054 <sup>(a)</sup> | 1268852 | 1292260 |
| &nbsp;&nbsp; Pool FM5329, 2.00%, 01/01/2031 <sup>(a)</sup> | 343721 | 327317 |
| &nbsp;&nbsp; Pool FS0862, 2.50%, 12/01/2036 <sup>(a)</sup> | 698744 | 651869 |
| &nbsp;&nbsp; Pool FS3430, 4.00%, 11/01/2052 <sup>(a)</sup> | 883386 | 823201 |
| &nbsp;&nbsp; Pool FS4239, 5.00%, 03/01/2053 <sup>(a)</sup> | 1107881 | 1083615 |
| &nbsp;&nbsp; Pool FS4522, 5.00%, 05/01/2053 <sup>(a)</sup> | 1338542 | 1298101 |
| &nbsp;&nbsp; Pool FS5649, 5.50%, 08/01/2053 <sup>(a)</sup> | 369041 | 365660 |
| &nbsp;&nbsp; Pool FS5779, 5.50%, 09/01/2053 <sup>(a)</sup> | 1030670 | 1021858 |
| &nbsp;&nbsp; Pool FS8469, 5.50%, 07/01/2054 <sup>(a)</sup> | 340499 | 339811 |
| &nbsp;&nbsp; Pool MA0584, 4.50%, 10/01/2040 <sup>(a)</sup> | 8500 | 8069 |
| &nbsp;&nbsp; Pool MA1201, 3.50%, 10/01/2032 <sup>(a)</sup> | 65681 | 64380 |
| &nbsp;&nbsp; Pool MA2705, 3.00%, 08/01/2046 <sup>(a)</sup> | 534259 | 467117 |
| &nbsp;&nbsp; Pool MA3210, 3.50%, 12/01/2047 <sup>(a)</sup> | 317133 | 286814 |
| &nbsp;&nbsp; Pool MA3356, 3.50%, 05/01/2048 <sup>(a)</sup> | 1503779 | 1354969 |
| &nbsp;&nbsp; Pool MA4626, 4.00%, 06/01/2052 <sup>(a)</sup> | 1266569 | 1163384 |
| &nbsp;&nbsp; Pool MA4733, 4.50%, 09/01/2052 <sup>(a)</sup> | 470826 | 445025 |
| &nbsp;&nbsp; Pool MA5071, 5.00%, 07/01/2053 <sup>(a)</sup> | 1069589 | 1038136 |
| &nbsp;&nbsp; Pool MA5495, 4.50%, 10/01/2054 <sup>(a)</sup> | 1027589 | 969729 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $21,080,669) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $21,080,669) | 20761330 |
| **ASSET-BACKED SECURITIES - 8.7%** | **Par** | **Value** |
|  Air Canada, Series 2017-1, 3.55%, 01/15/2030 <sup>(a)(b)</sup> | 834000 | 775867 |
|  American Airlines Group, Inc., Series AA, 3.15%, 02/15/2032 <sup>(a)</sup> | 931293 | 854211 |
|  Avis Budget Car Rental LLC, Series 2023-8A, Class A, 6.02%, 02/20/2030 <sup>(a)(b)</sup> | 1000000 | 1042506 |
|  Countrywide Asset-Backed Certificates, Series 2004-6, Class 2A3, 5.64% (1 mo. Term SOFR + 1.31%), 11/25/2034 <sup>(a)</sup> | 148892 | 147486 |
|  DB Master Finance Parent LLC, Series 2021-1A, Class A2II, 2.49%, 11/20/2051 <sup>(a)(b)</sup> | 1045095 | 960949 |
|  Domino's SPV Guarantor LLC, Series 2021-1A, Class A2I, 2.66%, 04/25/2051 <sup>(a)(b)</sup> | 636988 | 591644 |
|  Flagship Credit Auto Trust, Series 2020-4, Class D, 2.18%, 02/16/2027 <sup>(a)(b)</sup> | 445190 | 441434 |
|  Honda Auto Receivables Owner Trust, Series 2024-2, Class A3, 5.27%, 11/20/2028 <sup>(a)</sup> | 500000 | 505391 |
|  Impac CMB Trust, Series 2007-A, Class M1, 5.24% (1 mo. Term SOFR + 0.91%), 05/25/2037 <sup>(a)(b)</sup> | 209496 | 203595 |
|  Jack in the Box, Inc., Series 2022-1A, Class A2I, 3.45%, 02/26/2052 <sup>(a)(b)</sup> | 981750 | 944858 |
|  Long Beach Mortgage Loan Trust, Series 2004-4, Class 1A1, 5.00% (1 mo. Term SOFR + 0.67%), 10/25/2034 <sup>(a)</sup> | 851555 | 837754 |
| SBA Depositor LLC | SBA Depositor LLC | SBA Depositor LLC |
| &nbsp;&nbsp; Series 2020-1-2, 2.33%, 01/15/2028 <sup>(a)(b)</sup> | 10000 | 9308 |
| &nbsp;&nbsp; Series 2021-3, 2.59%, 10/15/2031 <sup>(a)(b)</sup> | 1200000 | 1034086 |
|  Union Pacific Railroad Co., 6.18%, 01/02/2031 <sup>(a)</sup> | 496586 | 513394 |
|  United Airlines, Inc., 5.88%, 02/15/2037 <sup>(a)</sup> | 1173696 | 1148695 |
|  Verizon Master Trust, Series 2024-6, Class A1A, 4.17%, 08/20/2030 <sup>(a)</sup> | 1255000 | 1248499 |
|  Westlake Automobile Receivables Trust, Series 2025-P1, Class A3, 4.58%, 06/15/2029 <sup>(a)(b)</sup> | 1100000 | 1102195 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $12,429,000) | **TOTAL ASSET-BACKED SECURITIES** (Cost $12,429,000) | 12361872 |
| **U.S. GOVERNMENT AGENCY ISSUES - 2.5%** | **Par** | **Value** |
| Federal Farm Credit Banks Funding Corp | Federal Farm Credit Banks Funding Corp | Federal Farm Credit Banks Funding Corp |
| &nbsp;&nbsp; 1.15%, 08/12/2030 <sup>(a)</sup> | 2000000 | 1712144 |
| &nbsp;&nbsp; 2.40%, 03/24/2036 <sup>(a)</sup> | 900000 | 711672 |
|  Tennessee Valley Authority, 4.65%, 06/15/2035 <sup>(a)</sup> | 1100000 | 1090720 |
| **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $3,890,148) | **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $3,890,148) | 3514536 |
| **EXCHANGE TRADED FUNDS - 1.9%** | **Shares** | **Value** |
| F/m 10-Year Investment Grade Corporate Bond ETF <sup>(d)</sup> | 29841 | 1487129 |
| F/m 3-Year Investment Grade Corporate Bond ETF | 25000 | 1271255 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,777,052) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,777,052) | 2758384 |
| **CONVERTIBLE BONDS - 0.7%** | **Par** | **Value** |
| **Financials - 0.7%** | **Financials - 0.7%** | **Financials - 0.7%** |
|  PennyMac Corp., 8.50%, 06/01/2029 <sup>(a)(b)</sup> | 1000000 | 976000 |
| **TOTAL CONVERTIBLE BONDS** (Cost $997,500) | **TOTAL CONVERTIBLE BONDS** (Cost $997,500) | 976000 |
| **SHORT-TERM INVESTMENTS - 1.0%** |  | **Value**  |
| **Investments Purchased with Proceeds from Securities Lending - 0.2%** | **<u>Units</u>** |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.45% <sup>(f)</sup> | 321538 | 321538 |
| **Money Market Funds - 0.8%** | **<u>Shares</u>** |  |
| Invesco Treasury Portfolio - Class Institutional, 4.23% <sup>(f)</sup> | 1104520 | 1104520 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,426,058) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,426,058) | 1426058 |
| **TOTAL INVESTMENTS - 99.6% (**Cost $148,233,941**)** | **TOTAL INVESTMENTS - 99.6% (**Cost $148,233,941**)** | 142246474 |
| Other Assets in Excess of Liabilities - 0.4% | Other Assets in Excess of Liabilities - 0.4% | 523080 |
| **TOTAL NET ASSETS - 100.0%** |  | $142769554 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| Ent 11th COFI Repl - Enterprise 11th District COFI Replacement Index |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| SOFR - Secured Overnight Financing Rate |

---

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of May 31, 2025, the value of these securities total $18,893,738 or 13.2% of the Fund's net assets.

(c) Step coupon bond. The rate disclosed is as of May 31, 2025.

(d) All or a portion of this security is on loan as of May 31, 2025. The fair value of these securities was $315,526 which represented 0.2% of net assets.

(e) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of May 31, 2025.

(f) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
Oakhurst Fixed Income Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of May 31, 2025: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | $– | $40747175 | $– | $40747175 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 33201782 | – | 33201782 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 26499337 | – | 26499337 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 20761330 | – | 20761330 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 12361872 | – | 12361872 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency Issues | – | 3514536 | – | 3514536 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 2758384 | – | – | 2758384 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | – | 976000 | – | 976000 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 321538 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1104520 | – | – | 1104520 |
| Total Investments | $3862904 | $138062032 | $– | $142246474 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair
 value amount of $321,538 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RBB Fund, Inc.

- **b. Investment Company Act file number:** 811-05518

- **c. CIK number of Registrant:** 0000831114

- **d. LEI of Registrant:** 5493005KKD0GVHSW0D29

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 262-378-6278

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

- **a. Name of Series:** Oakhurst Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000080834

- **c. LEI of Series:** 549300MOBWJ115DX4054

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $143353449.79

**Total Liabilities:** $886360.26

**Net Assets:** $142467089.53

**Cash Not Reported:** $34351.16

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3837.302426000000 | **1-Year:** 1677.022591000000 | **5-Year:** 17390.232977000000 | **10-Year:** 36673.585643000000 | **30-Year:** 17260.037910000000

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

- **3-Month:** 746.108079000000 | **1-Year:** 327.845973000000 | **5-Year:** 349.214658000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243398 | 0.07%                | 0.47%                | -0.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3066.94                | $-345163.67                                |
| Month 2  | $-3241.33                | $155140.62                                 |
| Month 3  | $-1073.82                | $-1284059.51                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Freddie Mac                               | Freddie Mac Gold Pool                                                    | CUSIP: 3128P8B42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    170277 | PA      | $164610.46    | 0.12%             | 2035-12-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac Pool                                                         | CUSIP: 3132D6E63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    752529 | PA      | $763985.34    | 0.54%             | 2038-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac Pool                                                         | CUSIP: 3132DQP91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    969414 | PA      | $945832.44    | 0.66%             | 2053-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                  | Federal Farm Credit Banks Funding Corp                                   | CUSIP: 3133EL3J1<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1712144.24   | 1.20%             | 2030-08-12      | Fixed         | 1.15%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                  | Federal Farm Credit Banks Funding Corp                                   | CUSIP: 3133EMUA8<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    900000 | PA      | $711672.05    | 0.50%             | 2036-03-24      | Fixed         | 2.40%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136ASGQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38331 | PA      | $37575.34     | 0.03%             | 2044-04-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136ATKP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     57457 | PA      | $56858.80     | 0.04%             | 2043-01-25      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136AUPN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93865 | PA      | $86424.08     | 0.06%             | 2046-04-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136AVX46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     68742 | PA      | $67430.85     | 0.05%             | 2044-06-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136B0NG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1034104 | PA      | $914774.88    | 0.64%             | 2048-01-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136B2EF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    180963 | PA      | $161981.01    | 0.11%             | 2048-06-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136B45G9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    213458 | PA      | $199726.40    | 0.14%             | 2048-03-25      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136BMZK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    652019 | PA      | $628418.30    | 0.44%             | 2033-07-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| FannieMae Whole Loan                      | Fannie Mae REMIC Trust 2004-W3                                           | CUSIP: 31393XVJ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    266650 | PA      | $271597.69    | 0.19%             | 2034-05-25      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 31394FQK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18512 | PA      | $18848.55     | 0.01%             | 2029-04-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 31398FXL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36265 | PA      | $35944.50     | 0.03%             | 2029-11-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| FIRST CITIZENS BANCSHARE                  | First Citizens BancShares Inc/NC                                         | CUSIP: 31946MAA1<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1284809.92   | 0.90%             | 2030-03-15      | Variable      | 6.76%                 | No            | 2                  | On Loan: No      |
| Flagship Credit Auto Trust                | Flagship Credit Auto Trust 2020-4                                        | CUSIP: 33845XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    445190 | PA      | $441433.71    | 0.31%             | 2027-02-16      | Fixed         | 2.18%                 | No            | 2                  | On Loan: No      |
| FORTUNE BRANDS INNOVATIO                  | Fortune Brands Innovations Inc                                           | CUSIP: 34964CAH9<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |    900000 | PA      | $925548.47    | 0.65%             | 2033-06-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| ABN AMRO Mortgage Corp                    | ABN Amro Mortgage Corp                                                   | CUSIP: 000780NK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80682 | PA      | $79782.14     | 0.06%             | 2033-12-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                  | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1075000 | PA      | $954393.44    | 0.67%             | 2032-01-30      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| AIR CANADA 2017-1A PTT                    | Air Canada 2017-1 Class A Pass Through Trust                             | CUSIP: 00908PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    834000 | PA      | $775867.57    | 0.54%             | 2030-01-15      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| AMER AIRLINE 19-1AA PTT                   | American Airlines 2019-1 Class AA Pass Through Trust                     | CUSIP: 02377LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    931293 | PA      | $854210.88    | 0.60%             | 2032-02-15      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| AMERICAN HOMES 4 RENT                     | American Homes 4 Rent LP                                                 | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    970000 | PA      | $967991.21    | 0.68%             | 2034-02-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ANTARES HOLDINGS                          | Antares Holdings LP                                                      | CUSIP: 03666HAF8<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    800000 | PA      | $839108.78    | 0.59%             | 2028-08-11      | Fixed         | 7.95%                 | No            | 2                  | On Loan: No      |
| APPLIED MATERIALS INC                     | Applied Materials Inc                                                    | CUSIP: 038222AG0<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    867000 | PA      | $899386.57    | 0.63%             | 2041-06-15      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| AUTOZONE INC                              | AutoZone Inc                                                             | CUSIP: 053332BB7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1052921.68   | 0.74%             | 2032-08-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| AVIATION CAPITAL GROUP                    | Aviation Capital Group LLC                                               | CUSIP: 05366DAA6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    900000 | PA      | $945835.73    | 0.66%             | 2030-07-15      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Avis Budget Rental Car Funding            | Avis Budget Rental Car Funding AESOP LLC                                 | CUSIP: 05377RHM9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1042505.60   | 0.73%             | 2030-02-20      | Fixed         | 6.02%                 | No            | 2                  | On Loan: No      |
| BAT CAPITAL CORP                          | BAT Capital Corp                                                         | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    467000 | PA      | $506578.16    | 0.36%             | 2053-08-02      | Fixed         | 7.08%                 | No            | 2                  | On Loan: No      |
| Banc of America Mortgage Secur            | Banc of America Mortgage 2004-A Trust                                    | CUSIP: 05948XT50<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10015 | PA      | $10121.95     | 0.01%             | 2034-02-25      | Variable      | 6.87%                 | No            | 2                  | On Loan: No      |
| Banc of America Mortgage Secur            | Banc of America Mortgage 2003-J Trust                                    | CUSIP: 05948XYC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210135 | PA      | $187867.33    | 0.13%             | 2033-11-25      | Variable      | 5.79%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                                     | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    905000 | PA      | $905229.88    | 0.64%             | 2034-04-25      | Variable      | 5.29%                 | No            | 2                  | On Loan: No      |
| Bear Stearns Alt-A Trust                  | Bear Stearns ALT-A Trust 2003-6                                          | CUSIP: 07386HED9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    131796 | PA      | $121138.65    | 0.09%             | 2034-01-25      | Variable      | 5.80%                 | No            | 2                  | On Loan: No      |
| BLACKSTONE PRIVATE CRE                    | Blackstone Private Credit Fund                                           | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1033000 | PA      | $998899.92    | 0.70%             | 2027-03-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| BRIDGE HOUSING CORP                       | Bridge Housing Corp                                                      | CUSIP: 10806CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1045000 | PA      | $950058.50    | 0.67%             | 2030-07-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                   | Bristol-Myers Squibb Co                                                  | CUSIP: 110122AP3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1097000 | PA      | $1154460.72   | 0.81%             | 2036-11-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| BROADCOM INC                              | Broadcom Inc                                                             | CUSIP: 11135FAS0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1049854.28   | 0.74%             | 2032-11-15      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| Credit Suisse Mortgage Trust              | CSMC Trust 2013-IVR1                                                     | CUSIP: 12646UAK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295719 | PA      | $267298.44    | 0.19%             | 2043-03-25      | Variable      | 3.00%                 | No            | 2                  | On Loan: No      |
| CVS PASS THRU TR 2009                     | CVS Pass-Through Trust Series 2009                                       | CUSIP: 126659AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    416873 | PA      | $447305.88    | 0.31%             | 2031-07-10      | Fixed         | 8.35%                 | No            | 2                  | On Loan: No      |
| CVS PASS-THROUGH TR 2013                  | CVS Pass-Through Trust Series 2013                                       | CUSIP: 12665UAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    544413 | PA      | $517101.85    | 0.36%             | 2036-01-10      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| CVS PASS-THROUGH TR 2014                  | CVS Pass-Through Trust Series 2014                                       | CUSIP: 12665VAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    592716 | PA      | $545478.88    | 0.38%             | 2036-08-11      | Fixed         | 4.16%                 | No            | 2                  | On Loan: No      |
| Countrywide Asset-Backed Certi            | CWABS Inc Asset-Backed Certificates Trust 2004-6                         | CUSIP: 126673BA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148892 | PA      | $147486.37    | 0.10%             | 2034-11-25      | Floating      | 5.64%                 | No            | 2                  | On Loan: No      |
| Countrywide Home Loans                    | CHL Mortgage Pass-Through Trust 2003-49                                  | CUSIP: 12669EG59<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27674 | PA      | $26476.41     | 0.02%             | 2033-12-19      | Variable      | 6.16%                 | No            | 2                  | On Loan: No      |
| Credit Suisse First Boston Mor            | Credit Suisse First Boston Mortgage Securities Corp                      | CUSIP: 22541NST7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     32297 | PA      | $32166.24     | 0.02%             | 2032-11-25      | Variable      | 7.64%                 | No            | 2                  | On Loan: No      |
| CROWN CASTLE INC                          | Crown Castle Inc                                                         | CUSIP: 22822VBC4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    968000 | PA      | $947427.21    | 0.67%             | 2033-05-01      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| DB Master Finance LLC                     | DB Master Finance LLC                                                    | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1045095 | PA      | $960949.39    | 0.67%             | 2051-11-20      | Fixed         | 2.49%                 | No            | 2                  | On Loan: No      |
| DTE ELECTRIC CO                           | DTE Electric Co                                                          | CUSIP: 23338VAY2<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    281000 | PA      | $280676.73    | 0.20%             | 2035-05-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| PHINIA HOLDINGS JERSEY                    | Phinia Holdings Jersey Ltd                                               | CUSIP: 24718PAA5<br>LEI: 549300SEU65CJHRH6V04 | Long             | DBT              | CORP              | JE        |   1064000 | PA      | $942688.04    | 0.66%             | 2025-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac Pool                                                         | CUSIP: 3132DQXP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1371174 | PA      | $1358245.70   | 0.95%             | 2053-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae REMICS                                                        | CUSIP: 3136ACF97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    194735 | PA      | $186214.89    | 0.13%             | 2043-01-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140XMM52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1030670 | PA      | $1021858.02   | 0.72%             | 2053-09-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140XQMT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    340499 | PA      | $339810.90    | 0.24%             | 2054-07-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31417YUJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8500 | PA      | $8068.75      | 0.01%             | 2040-10-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31418AKP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65681 | PA      | $64380.04     | 0.05%             | 2032-10-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| DISCOVERY COMMUNICATIONS                  | Discovery Communications LLC                                             | CUSIP: 25470DAS8<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $805123.07    | 0.57%             | 2037-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Dominos Pizza Master Issuer LL            | Domino's Pizza Master Issuer LLC                                         | CUSIP: 25755TAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    636988 | PA      | $591643.74    | 0.42%             | 2051-04-25      | Fixed         | 2.66%                 | No            | 2                  | On Loan: No      |
| EL PASO NATURAL GAS                       | El Paso Natural Gas Co LLC                                               | CUSIP: 283695BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    823000 | PA      | $946205.36    | 0.66%             | 2032-06-15      | Fixed         | 8.38%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                                             | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    904000 | PA      | $921084.26    | 0.65%             | 2033-03-08      | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| FAIRFAX FINANCIAL HLDGS                   | Fairfax Financial Holdings Ltd                                           | CUSIP: 303901AE2<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    947000 | PA      | $1084338.32   | 0.76%             | 2037-07-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac Pool                                                         | CUSIP: 3132DWE41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1805819 | PA      | $1604209.63   | 1.13%             | 2052-10-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac Pool                                                         | CUSIP: 3132DWNE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    980908 | PA      | $925445.29    | 0.65%             | 2054-12-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137A5FA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22573 | PA      | $22000.70     | 0.02%             | 2033-06-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137A7YA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5208 | PA      | $5187.65      | 0.00%             | 2025-11-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137AGYZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     55573 | PA      | $54332.15     | 0.04%             | 2041-02-15      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31418CAF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    534259 | PA      | $467116.54    | 0.33%             | 2046-08-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31418CR89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    317133 | PA      | $286813.55    | 0.20%             | 2047-12-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31418CWS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1503779 | PA      | $1354969.42   | 0.95%             | 2048-05-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1266569 | PA      | $1163383.63   | 0.82%             | 2052-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    470826 | PA      | $445025.05    | 0.31%             | 2052-09-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31418ET59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1069589 | PA      | $1038136.05   | 0.73%             | 2053-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 31418FC96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1027589 | PA      | $969729.28    | 0.68%             | 2054-10-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Impac Secured Assets Corp.                | Impac Secured Assets CMN Owner Trust                                     | CUSIP: 45254TNG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16329 | PA      | $16108.61     | 0.01%             | 2033-08-25      | Variable      | 5.20%                 | No            | 2                  | On Loan: No      |
| Impac Secured Assets Corp.                | Impac Secured Assets Trust 2006-1                                        | CUSIP: 45254TTN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77923 | PA      | $71600.29     | 0.05%             | 2036-05-25      | Floating      | 5.14%                 | No            | 2                  | On Loan: No      |
| Impac CMB Trust                           | Impac CMB Trust Series 2007-A                                            | CUSIP: 452550AB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    209496 | PA      | $203595.34    | 0.14%             | 2037-05-25      | Floating      | 5.24%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust 2003-A1                                         | CUSIP: 466247AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33803 | PA      | $32177.00     | 0.02%             | 2033-10-25      | Variable      | 5.06%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust 2004-A1                                         | CUSIP: 466247BR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16689 | PA      | $16586.78     | 0.01%             | 2034-02-25      | Variable      | 6.24%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust 2004-A3                                         | CUSIP: 466247DD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24358 | PA      | $24308.16     | 0.02%             | 2034-06-25      | Variable      | 6.48%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust 2004-A4                                         | CUSIP: 466247EH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    441156 | PA      | $413909.43    | 0.29%             | 2034-09-25      | Variable      | 6.46%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust 2004-A5                                         | CUSIP: 466247FW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21052 | PA      | $21342.45     | 0.01%             | 2034-12-25      | Variable      | 6.85%                 | No            | 2                  | On Loan: No      |
| Jack in the Box Funding, LLC              | Jack in the Box Funding LLC                                              | CUSIP: 466365AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    981750 | PA      | $944858.09    | 0.66%             | 2052-02-26      | Fixed         | 3.44%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust 2013-3                                          | CUSIP: 46640MAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39662 | PA      | $37035.50     | 0.03%             | 2043-07-25      | Variable      | 3.36%                 | No            | 2                  | On Loan: No      |
| JACKSON FINANCIAL INC                     | Jackson Financial Inc                                                    | CUSIP: 46817MAL1<br>LEI: 213800WXW2KG1N4CO374 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $958329.50    | 0.67%             | 2031-11-23      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Invesco Treasury Portfolio                | Invesco Treasury Portfolio                                               | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |   1070169 | NS      | $1070169.20   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137ASAE4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22075 | PA      | $21738.62     | 0.02%             | 2042-01-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140Q9XA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    961471 | PA      | $893018.39    | 0.63%             | 2048-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140QPPJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1154837 | PA      | $1104668.85   | 0.78%             | 2052-07-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140W0C94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1268852 | PA      | $1292260.33   | 0.91%             | 2054-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140X84P9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    343721 | PA      | $327317.15    | 0.23%             | 2031-01-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140XF5Y3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    698744 | PA      | $651868.61    | 0.46%             | 2036-12-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140XJY49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    883386 | PA      | $823201.03    | 0.58%             | 2052-11-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140XKV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1107881 | PA      | $1083614.50   | 0.76%             | 2053-03-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140XLAY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1338542 | PA      | $1298100.60   | 0.91%             | 2053-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                          | CUSIP: 3140XMH33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    369041 | PA      | $365660.47    | 0.26%             | 2053-08-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382FY32<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    132834 | PA      | $131506.97    | 0.09%             | 2034-09-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382GY22<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     19352 | PA      | $18156.05     | 0.01%             | 2050-07-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382HQ60<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    518420 | PA      | $415914.69    | 0.29%             | 2050-08-20      | Fixed         | 2.25%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382HTQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1053090 | PA      | $887968.96    | 0.62%             | 2050-07-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382JD78<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    227700 | PA      | $204631.35    | 0.14%             | 2050-09-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382JJ72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    206529 | PA      | $210804.47    | 0.15%             | 2050-05-20      | Variable      | 6.34%                 | No            | 2                  | On Loan: No      |
| FS KKR CAPITAL CORP                       | FS KKR Capital Corp                                                      | CUSIP: 302635AN7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    950000 | PA      | $965689.30    | 0.68%             | 2029-08-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137B0AH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7723 | PA      | $7691.19      | 0.01%             | 2043-01-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137FDWS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    850020 | PA      | $771600.08    | 0.54%             | 2047-12-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137FE7L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    521702 | PA      | $497314.39    | 0.35%             | 2048-02-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137FRHP9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    605492 | PA      | $503366.90    | 0.35%             | 2049-10-25      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137H23U6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1067372 | PA      | $836991.90    | 0.59%             | 2049-09-25      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137H6PE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    906835 | PA      | $857068.30    | 0.60%             | 2033-06-25      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137H7CH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    858510 | PA      | $831003.44    | 0.58%             | 2047-04-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137H7RQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    958776 | PA      | $932358.54    | 0.65%             | 2052-05-25      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 3137H8X71<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    906784 | PA      | $889392.06    | 0.62%             | 2050-02-25      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 31393KDS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23741 | PA      | $24330.25     | 0.02%             | 2033-02-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                               | Freddie Mac REMICS                                                       | CUSIP: 31398LXT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    113446 | PA      | $116551.16    | 0.08%             | 2039-09-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38380FJL1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     31063 | PA      | $27764.26     | 0.02%             | 2047-05-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38380U5D1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    178751 | PA      | $165379.26    | 0.12%             | 2048-01-20      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38381VSN1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    430893 | PA      | $383639.43    | 0.27%             | 2049-05-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38381XVN3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     66554 | PA      | $59682.34     | 0.04%             | 2049-08-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382BXR9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    114469 | PA      | $110089.70    | 0.08%             | 2049-08-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382CFZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    178262 | PA      | $164541.81    | 0.12%             | 2049-12-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382FP24<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    148038 | PA      | $133262.04    | 0.09%             | 2050-06-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382JJH0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    810929 | PA      | $666104.28    | 0.47%             | 2050-09-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                  | Berkshire Hathaway Energy Co                                             | CUSIP: 59562VAR8<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    858000 | PA      | $924121.92    | 0.65%             | 2037-09-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| MortgageIT Trust                          | MortgageIT Trust 2004-1                                                  | CUSIP: 61913PAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    590313 | PA      | $563748.69    | 0.40%             | 2034-11-25      | Floating      | 5.34%                 | No            | 2                  | On Loan: No      |
| NATIONAL RURAL UTIL COOP                  | National Rural Utilities Cooperative Finance Corp                        | CUSIP: 637432CT0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    805000 | PA      | $936134.13    | 0.66%             | 2032-03-01      | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| New Residential Mortgage Loan             | New Residential Mortgage Loan Trust 2017-3                               | CUSIP: 64828MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    153229 | PA      | $147124.98    | 0.10%             | 2057-04-25      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| New Residential Mortgage Loan             | New Residential Mortgage Loan Trust 2015-2                               | CUSIP: 64829EAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138718 | PA      | $133694.90    | 0.09%             | 2055-08-25      | Variable      | 3.75%                 | No            | 2                  | On Loan: No      |
| BLUE OWL CAPITAL CORP                     | Blue Owl Capital Corp                                                    | CUSIP: 69121KAF1<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1054000 | PA      | $1007823.34   | 0.71%             | 2027-01-15      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| PENNYMAC CORP                             | PennyMac Corp                                                            | CUSIP: 70932AAG8<br>LEI: EWN0I878407TKQNXZ933 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $976000.00    | 0.69%             | 2029-06-01      | Fixed         | 8.50%                 | No            | 2                  | On Loan: No      |
| PHILLIPS 66 PARTNERS LP                   | Phillips 66 Partners LP                                                  | CUSIP: 718549AD0<br>LEI: 549300TL5L4IG0H4FX64 | Long             | DBT              | CORP              | US        |    565000 | PA      | $549091.96    | 0.39%             | 2026-10-01      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| PHILLIPS 66 PARTNERS LP                   | Phillips 66 Partners LP                                                  | CUSIP: 718549AF5<br>LEI: 549300TL5L4IG0H4FX64 | Long             | DBT              | CORP              | US        |    536000 | PA      | $511034.31    | 0.36%             | 2028-03-01      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| PHILLIPS 66 PARTNERS LP                   | Phillips 66 Partners LP                                                  | CUSIP: 718549AH1<br>LEI: 549300TL5L4IG0H4FX64 | Long             | DBT              | CORP              | US        |      6000 | PA      | $5488.50      | 0.00%             | 2029-12-15      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| POTOMAC ELECTRIC POWER                    | Potomac Electric Power Co                                                | CUSIP: 737679DC1<br>LEI: 549300BXF2DWUNN57U06 | Long             | DBT              | CORP              | US        |    780000 | PA      | $965726.78    | 0.68%             | 2038-12-15      | Fixed         | 7.90%                 | No            | 2                  | On Loan: No      |
| Provident Funding Mortgage Tru            | Provident Funding Mortgage Trust 2025-1                                  | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1351510 | PA      | $1349199.91   | 0.95%             | 2055-02-25      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| QUEST DIAGNOSTICS INC                     | Quest Diagnostics Inc                                                    | CUSIP: 74834LBD1<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    880000 | PA      | $949581.19    | 0.67%             | 2033-11-30      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| F/m 3-Year Investment Grade Co            | F/m 3-Year Investment Grade Corporate Bond ETF                           | CUSIP: 74933W395<br>LEI: 5299006YR4R79V4XHA43 | Long             | EC               | RF                | US        |     25000 | NS      | $1271255.00   | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| F/m 10-Year Investment Grade C            | F/m 10-Year Investment Grade Corporate Bond ETF                          | CUSIP: 74933W411<br>LEI: 529900C2VO50M52Q4184 | Long             | EC               | RF                | US        |     29841 | NS      | $1487129.22   | 1.04%             |  |  |  | No            | 1                  | On Loan: —       |
| SBA TOWER TRUST                           | SBA Tower Trust                                                          | CUSIP: 78403DAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9308.05      | 0.01%             | 2028-01-15      | Fixed         | 2.33%                 | No            | 2                  | On Loan: No      |
| SBA TOWER TRUST                           | SBA Tower Trust                                                          | CUSIP: 78403DAX8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1034085.84   | 0.73%             | 2031-10-15      | Fixed         | 2.59%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2003-8                                            | CUSIP: 81743PDX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106087 | PA      | $102399.48    | 0.07%             | 2034-01-20      | Floating      | 5.08%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2004-6                                            | CUSIP: 81744FCH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59866 | PA      | $59359.51     | 0.04%             | 2034-07-20      | Floating      | 5.00%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2013-5                                            | CUSIP: 81745AAA5<br>LEI: 549300671OK77JNRLK28 | Long             | ABS-MBS          | CORP              | US        |    146583 | PA      | $126847.96    | 0.09%             | 2043-05-25      | Variable      | 2.50%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2013-6                                            | CUSIP: 81745BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    168108 | PA      | $149965.16    | 0.11%             | 2043-05-25      | Variable      | 3.00%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2019-2                                            | CUSIP: 81746YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    461890 | PA      | $432884.58    | 0.30%             | 2049-06-25      | Variable      | 4.00%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2018-5                                            | CUSIP: 81747GAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    651422 | PA      | $587279.61    | 0.41%             | 2048-05-25      | Variable      | 3.50%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2019-4                                            | CUSIP: 81748JAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458537 | PA      | $412012.04    | 0.29%             | 2049-11-25      | Variable      | 3.50%                 | No            | 2                  | On Loan: No      |
| Sequoia Mortgage Trust                    | Sequoia Mortgage Trust 2020-4                                            | CUSIP: 81748RAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    511712 | PA      | $409988.38    | 0.29%             | 2050-11-25      | Variable      | 2.50%                 | No            | 2                  | On Loan: No      |
| Structured Asset Securities Co            | Structured Asset Securities Corp Mortgage Pass-Through Ctfs Ser 2003-34A | CUSIP: 86359A5M1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58669 | PA      | $57302.55     | 0.04%             | 2033-11-25      | Variable      | 5.69%                 | No            | 2                  | On Loan: No      |
| Structured Asset Securities Co            | Structured Asset Securities Corp Mortgage Pass-Through Ctfs Ser 2003-9A  | CUSIP: 86359ARE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     52826 | PA      | $51743.62     | 0.04%             | 2033-03-25      | Variable      | 5.99%                 | No            | 2                  | On Loan: No      |
| Structured Adjustable Rate Mor            | Structured Adjustable Rate Mortgage Loan Trust                           | CUSIP: 86359BGJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     45987 | PA      | $44741.52     | 0.03%             | 2034-02-25      | Variable      | 6.53%                 | No            | 2                  | On Loan: No      |
| Structured Asset Mortgage Inve            | Structured Asset Mortgage Investments II Trust 2003-AR4                  | CUSIP: 86359LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20491 | PA      | $19483.30     | 0.01%             | 2034-01-19      | Floating      | 5.14%                 | No            | 2                  | On Loan: No      |
| Structured Asset Mortgage Inve            | Structured Asset Mortgage Investments II Trust 2004-AR4                  | CUSIP: 86359LDH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29112 | PA      | $27758.47     | 0.02%             | 2034-12-19      | Floating      | 5.14%                 | No            | 2                  | On Loan: No      |
| Structured Asset Mortgage Inve            | Structured Asset Mortgage Investments II Trust 2004-AR6                  | CUSIP: 86359LEV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    809750 | PA      | $796472.60    | 0.56%             | 2035-02-19      | Floating      | 5.14%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                               | CUSIP: 880591DX7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1100000 | PA      | $1090719.49   | 0.77%             | 2035-06-15      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Terwin Mortgage Trust                     | Terwin Mortgage Trust 2004-1HE                                           | CUSIP: 881561DK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    261179 | PA      | $250464.36    | 0.18%             | 2034-02-25      | Floating      | 5.56%                 | No            | 2                  | On Loan: No      |
| UNION PACIFIC RR CO 07-3                  | Union Pacific Railroad Co 2007-3 Pass Through Trust                      | CUSIP: 90783XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    496586 | PA      | $513393.91    | 0.36%             | 2031-01-02      | Fixed         | 6.18%                 | No            | 2                  | On Loan: No      |
| UNITED AIR 2024-1 A PTT                   | United Airlines 2024-1 Class A Pass Through Trust                        | CUSIP: 90932WAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1173696 | PA      | $1148695.45   | 0.81%             | 2037-02-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 912810FG8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2097343.76   | 1.47%             | 2029-02-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 912810QW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4699000 | PA      | $3669258.23   | 2.58%             | 2042-05-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |    321538 | NS      | $321537.50    | 0.23%             |  |  |  | No            | N/A                | On Loan: No      |
| Woodward Capital Management               | RCKT Mortgage Trust 2022-1                                               | CUSIP: 74938FAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1189949 | PA      | $1048281.78   | 0.74%             | 2052-01-25      | Variable      | 2.50%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4323000 | PA      | $2967503.08   | 2.08%             | 2045-02-15      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2274707.03   | 1.60%             | 2032-08-15      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4330000 | PA      | $4305643.75   | 3.02%             | 2032-11-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4800000 | PA      | $4565343.74   | 3.20%             | 2033-02-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5348000 | PA      | $5194453.89   | 3.65%             | 2033-08-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5017000 | PA      | $5084219.97   | 3.57%             | 2033-11-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1775000 | PA      | $1731179.69   | 1.22%             | 2034-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2275000 | PA      | $2277399.42   | 1.60%             | 2034-05-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CLD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3614000 | PA      | $3615058.79   | 2.54%             | 2031-07-31      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CLM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1328000 | PA      | $1290260.94   | 0.91%             | 2031-09-30      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $988359.38    | 0.69%             | 2034-11-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                         | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    675000 | PA      | $686443.36    | 0.48%             | 2035-02-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| Verizon Master Trust                      | Verizon Master Trust                                                     | CUSIP: 92348KDE0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1255000 | PA      | $1248499.10   | 0.88%             | 2030-08-20      | Fixed         | 4.17%                 | No            | 2                  | On Loan: No      |
| WAMU Mortgage Pass-Through Cer            | WaMu Mortgage Pass-Through Certificates Series 2002-AR2 Trust            | CUSIP: 929227LE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59583 | PA      | $57359.67     | 0.04%             | 2034-02-27      | Floating      | 4.18%                 | No            | 2                  | On Loan: No      |
| WAMU Mortgage Pass-Through Cer            | WaMu Mortgage Pass-Through Certificates Series 2005-AR13 Trust           | CUSIP: 92922F4P0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105194 | PA      | $105919.52    | 0.07%             | 2045-10-25      | Floating      | 6.00%                 | No            | 2                  | On Loan: No      |
| WAMU Mortgage Pass-Through Cer            | WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust            | CUSIP: 92922FC97<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    779111 | PA      | $761295.95    | 0.53%             | 2045-01-25      | Floating      | 5.10%                 | No            | 2                  | On Loan: No      |
| Wells Fargo Alternative Loan T            | Wells Fargo Alternative Loan 2002-1 Trust                                | CUSIP: 94974SAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148116 | PA      | $151883.58    | 0.11%             | 2032-08-25      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Wells Fargo Mortgage Backed Se            | Wells Fargo Mortgage Backed Securities 2021-RR1 Trust                    | CUSIP: 95003JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    938098 | PA      | $837654.15    | 0.59%             | 2050-12-25      | Variable      | 2.50%                 | No            | 2                  | On Loan: No      |
| Westlake Automobile Receivable            | Westlake Automobile Receivables Trust 2025-P1                            | CUSIP: 96043LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1102194.72   | 0.77%             | 2029-06-15      | Fixed         | 4.58%                 | No            | 2                  | On Loan: No      |
| GS Mortgage-Backed Securities             | GS Mortgage-Backed Securities Corp Trust 2021-PJ1                        | CUSIP: 36261MAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    561647 | PA      | $447956.87    | 0.31%             | 2051-06-25      | Variable      | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38382LSS1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    800202 | PA      | $634654.90    | 0.45%             | 2050-11-20      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38383FV59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    588310 | PA      | $548458.47    | 0.38%             | 2052-02-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38383GK34<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    902928 | PA      | $816958.79    | 0.57%             | 2052-01-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A            | Government National Mortgage Association                                 | CUSIP: 38383P6Y2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    723524 | PA      | $717865.28    | 0.50%             | 2050-07-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| HarborView Mortgage Loan Trust            | HarborView Mortgage Loan Trust 2003-1                                    | CUSIP: 41161PBM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28340 | PA      | $26359.30     | 0.02%             | 2033-05-19      | Variable      | 5.31%                 | No            | 2                  | On Loan: No      |
| HarborView Mortgage Loan Trust            | HarborView Mortgage Loan Trust 2004-4                                    | CUSIP: 41161PDW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50585 | PA      | $45872.84     | 0.03%             | 2034-06-19      | Floating      | 5.00%                 | No            | 2                  | On Loan: No      |
| HP ENTERPRISE CO                          | Hewlett Packard Enterprise Co                                            | CUSIP: 42824CAX7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    857000 | PA      | $889942.80    | 0.62%             | 2035-10-15      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| Honda Auto Receivables Owner T            | Honda Auto Receivables 2024-2 Owner Trust                                | CUSIP: 437930AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505390.60    | 0.35%             | 2028-11-20      | Fixed         | 5.27%                 | No            | 2                  | On Loan: No      |
| ICAHN ENTERPRISES/FIN                     | Icahn Enterprises LP / Icahn Enterprises Finance Corp                    | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $613287.51    | 0.43%             | 2029-02-01      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Impac CMB Trust                           | Impac CMB Trust Series 2005-4                                            | CUSIP: 45254NPE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171173 | PA      | $163707.50    | 0.11%             | 2035-05-25      | Floating      | 5.04%                 | No            | 2                  | On Loan: No      |
| JP Morgan Mortgage Trust                  | JP Morgan Mortgage Trust 2017-2                                          | CUSIP: 46648HAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95601 | PA      | $86052.15     | 0.06%             | 2047-05-25      | Variable      | 3.50%                 | No            | 2                  | On Loan: No      |
| KYNDRYL HOLDINGS INC                      | Kyndryl Holdings Inc                                                     | CUSIP: 50155QAN0<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1048568.44   | 0.74%             | 2034-02-20      | Fixed         | 6.35%                 | No            | 2                  | On Loan: —       |
| Long Beach Mortgage Loan Trust            | Long Beach Mortgage Loan Trust 2004-4                                    | CUSIP: 542514HN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    851555 | PA      | $837753.68    | 0.59%             | 2034-10-25      | Floating      | 5.00%                 | No            | 2                  | On Loan: No      |
| MASTR Asset Securitization Tru            | MASTR Asset Securitization Trust 2004-1                                  | CUSIP: 55265K5W5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31605 | PA      | $31140.33     | 0.02%             | 2034-01-25      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| MARRIOTT INTERNATIONAL                    | Marriott International Inc/MD                                            | CUSIP: 571903BT9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1079680.56   | 0.76%             | 2032-04-15      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| MASTR Adjustable Rate Mortgage            | MASTR Adjustable Rate Mortgages Trust 2003-3                             | CUSIP: 576433DZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     46016 | PA      | $45492.27     | 0.03%             | 2033-09-25      | Variable      | 7.45%                 | No            | 2                  | On Loan: No      |
| Merrill Lynch Mortgage Investo            | Merrill Lynch Mortgage Investors Trust Series MLMI 2004-A3               | CUSIP: 59020UHF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    102017 | PA      | $93426.16     | 0.07%             | 2034-05-25      | Variable      | 5.59%                 | No            | 2                  | On Loan: No      |
| Merrill Lynch Mortgage Investo            | Merrill Lynch Mortgage Investors Trust Series MLMI 2005-A1               | CUSIP: 59020UQC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    184234 | PA      | $182438.30    | 0.13%             | 2034-12-25      | Variable      | 6.63%                 | No            | 2                  | On Loan: No      |
| LEIDOS HOLDINGS INC                       | Leidos Holdings Inc                                                      | CUSIP: 78390XAC5<br>LEI: 549300IUTGTP6EJP8124 | Long             | DBT              | CORP              | US        |    945000 | PA      | $924774.71    | 0.65%             | 2040-12-01      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

**Name of Applicant:** RBB Fund, Inc.

**Signature:** /s/ James G. Shaw

**Name of Signer:** RBB Fund, Inc.

**Title:** CFO COO Secretary