# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-25-056643
**Filing Date:** 2025-8
**Character Count:** 80081
**Document Hash:** 0cd278aec382aae05a7604ab2439902d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-056643.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-056643

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 251276565

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-914-4141

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Trust
- **DATE OF NAME CHANGE:** 20050603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Equity Trust
- **DATE OF NAME CHANGE:** 20050218

## Series and Classes Contracts Data

### Bramshill Multi-Strategy Income Fund (Series ID: S000052270)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000164379 | Class A Shares             | BDKAX           |
| C000164380 | Class C Shares             | BDKCX           |
| C000164381 | Institutional Class Shares | BDKNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST

- **b. Investment Company Act file number:** 811-21719

- **c. CIK number of Registrant:** 0001318342

- **d. LEI of Registrant:** 549300ESWU4ZNAH5Y054

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Bramshill Multi-Strategy Income Fund

- **b. EDGAR series identifier (if any):** S000052270

- **c. LEI of Series:** 549300MDF74LNKLKB529

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $241544679.52

**Total Liabilities:** $381670.83

**Net Assets:** $241163008.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 462.919722997995 | **10-Year:** 19718.882022654972 | **30-Year:** 49044.327984892035

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 1132.726910963758 | **10-Year:** 9751.038567343914 | **30-Year:** 32915.288194405330

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164379 | -0.43%               | 0.09%                | 1.20%                |
| Class ID C000164380 | -0.49%               | -0.14%               | 1.14%                |
| Class ID C000164381 | -0.26%               | -0.04%               | 1.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1508201.69              | $-3779693.44                               |
| Month 2  | $101303.39               | $-1581069.99                               |
| Month 3  | $123710.35               | $1354531.22                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-INV3                                    | CUSIP: 46591LAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210618 | PA      | $190171.74    | 0.08%             | 2050-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-INV3                                    | CUSIP: 46591LBH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    243584 | PA      | $219937.28    | 0.09%             | 2050-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-LTV1                                    | CUSIP: 46591NAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9760 | PA      | $9630.95      | 0.00%             | 2050-06-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-2                                       | CUSIP: 46591TAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200562 | PA      | $171076.23    | 0.07%             | 2050-07-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-INV1                                    | CUSIP: 46591VAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    554425 | PA      | $499289.87    | 0.21%             | 2050-08-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-7                                       | CUSIP: 46591XAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1472949 | PA      | $1272797.16   | 0.53%             | 2051-01-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-3                                       | CUSIP: 46592AAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    467898 | PA      | $407113.25    | 0.17%             | 2050-08-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-3                                       | CUSIP: 46592ABH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28797 | PA      | $25904.88     | 0.01%             | 2050-08-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Trust 2015-1                                                | CUSIP: 46643UDR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    873463 | PA      | $883058.00    | 0.37%             | 2044-12-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Seasoned Mortgage Tr | JP Morgan Seasoned Mortgage Trust 2014-1                              | CUSIP: 46643VAN7<br>LEI: 549300PO5OQO1J76ZY81 | Long             | ABS-MBS          | CORP              | US        |   2451507 | PA      | $2358735.69   | 0.98%             | 2033-05-25      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Trust 2015-3                                                | CUSIP: 46644MBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    470455 | PA      | $438621.81    | 0.18%             | 2045-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2016-3                                       | CUSIP: 46647EAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73813 | PA      | $67291.49     | 0.03%             | 2046-10-25      | Variable      | 3.39%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2016-3                                       | CUSIP: 46647EBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1977000 | PA      | $1490017.45   | 0.62%             | 2046-10-25      | Variable      | 3.31%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2016-4                                       | CUSIP: 46647JBA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    776887 | PA      | $733305.98    | 0.30%             | 2046-10-25      | Variable      | 3.78%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2017-3                                       | CUSIP: 46647SBA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1088933 | PA      | $980755.44    | 0.41%             | 2047-08-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2017-1                                       | CUSIP: 46648CAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259477 | PA      | $233444.92    | 0.10%             | 2047-01-25      | Variable      | 3.45%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2017-1                                       | CUSIP: 46648CBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2579903 | PA      | $2320741.45   | 0.96%             | 2047-01-25      | Variable      | 3.45%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2017-2                                       | CUSIP: 46648HAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    113598 | PA      | $103457.87    | 0.04%             | 2047-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2017-2                                       | CUSIP: 46648HBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1436079 | PA      | $1327370.65   | 0.55%             | 2047-05-25      | Variable      | 3.64%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-1                                       | CUSIP: 46648RAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    146524 | PA      | $132523.46    | 0.05%             | 2048-06-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-1                                       | CUSIP: 46648RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257407 | PA      | $232811.49    | 0.10%             | 2048-06-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-4                                       | CUSIP: 46649CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1702694 | PA      | $1543679.25   | 0.64%             | 2048-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2017-6                                       | CUSIP: 46649HAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    292928 | PA      | $266461.67    | 0.11%             | 2048-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP MORGAN MORTGAGE TRUST 2018-5                                       | CUSIP: 46649KAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1826136 | PA      | $1654293.19   | 0.69%             | 2048-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust  | Agate Bay Mortgage Trust 2015-5                                       | CUSIP: 00842BAV9<br>LEI: 549300RM62GNIVQ1WJ04 | Long             | ABS-MBS          | CORP              | US        |    523624 | PA      | $427692.50    | 0.18%             | 2045-07-25      | Variable      | 3.57%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2018-1                                  | CUSIP: 36417JCA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3366373 | PA      | $2959476.78   | 1.23%             | 2057-11-25      | Variable      | 4.65%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2018-1                                  | CUSIP: 36417JCB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2535000 | PA      | $1955580.63   | 0.81%             | 2057-11-25      | Variable      | 4.65%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2018-1                                  | CUSIP: 36417JCC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2715569 | PA      | $1715612.12   | 0.71%             | 2057-11-25      | Variable      | 4.65%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-LTV2                                    | CUSIP: 46653LBT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155851 | PA      | $141766.12    | 0.06%             | 2050-11-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta | Mello Mortgage Capital Acceptance 2018-MTG1                           | CUSIP: 585498BH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3771623 | PA      | $3561403.78   | 1.48%             | 2048-03-25      | Variable      | 3.67%                 | Yes           |                  2 | On Loan: No      |
| Mellon Residential Funding Cor | Mellon Residential Funding Corp. Mor Pas Thr Cer Ser 01 Tbc1          | CUSIP: 585525FC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    856552 | PA      | $829985.39    | 0.34%             | 2031-11-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust   | METLIFE SECURITIZATION TRUST 2020-1                                   | CUSIP: 59166CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    114040 | PA      | $95961.96     | 0.04%             | 2050-05-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor | Morgan Stanley Residential Mortgage Loan Trust 2021-2                 | CUSIP: 61772LBY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1571954 | PA      | $1027818.92   | 0.43%             | 2051-05-25      | Variable      | 2.89%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor | Morgan Stanley Residential Mortgage Loan Trust 2021-2                 | CUSIP: 61772LCA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $647905.50    | 0.27%             | 2051-05-25      | Variable      | 2.89%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor | Morgan Stanley Residential Mortgage Loan Trust 2021-2                 | CUSIP: 61772LCC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1251254 | PA      | $507100.71    | 0.21%             | 2051-05-25      | Variable      | 2.89%                 | Yes           |                  2 | On Loan: No      |
| NRP Mortgage Trust             | NRP Mortgage Trust 2013-1                                             | CUSIP: 62942KAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1181829 | PA      | $1147721.24   | 0.48%             | 2043-07-25      | Variable      | 3.28%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2019-INV1 Trust                                                   | CUSIP: 67098AAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    622312 | PA      | $602439.67    | 0.25%             | 2048-11-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2020-INV1 Trust                                                   | CUSIP: 67113CAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     37130 | PA      | $33475.38     | 0.01%             | 2049-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Oaks Mortgage Trust Series     | Oaks Mortgage Trust Series 2015-1                                     | CUSIP: 67389MAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83682 | PA      | $78075.17     | 0.03%             | 2046-04-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Oceanview Mortgage Trust       | Oceanview Mortgage Trust 2021-1                                       | CUSIP: 67647LCG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1543000 | PA      | $759080.08    | 0.31%             | 2051-05-25      | Variable      | 2.72%                 | Yes           |                  2 | On Loan: No      |
| Oceanview Mortgage Trust       | Oceanview Mortgage Trust 2021-1                                       | CUSIP: 67647LCH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    772000 | PA      | $329086.15    | 0.14%             | 2051-05-25      | Variable      | 2.72%                 | Yes           |                  2 | On Loan: No      |
| Oceanview Mortgage Trust       | Oceanview Mortgage Trust 2021-3                                       | CUSIP: 67647VCG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1406000 | PA      | $600328.82    | 0.25%             | 2051-06-25      | Variable      | 2.71%                 | Yes           |                  2 | On Loan: No      |
| Oceanview Mortgage Trust       | Oceanview Mortgage Trust 2021-3                                       | CUSIP: 67647VCH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    527000 | PA      | $223319.15    | 0.09%             | 2051-06-25      | Variable      | 2.71%                 | Yes           |                  2 | On Loan: No      |
| PSMC Trust                     | PSMC 2020-2 Trust                                                     | CUSIP: 693652AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    765579 | PA      | $683349.70    | 0.28%             | 2050-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| PSMC 2020-1 Trust              | PSMC 2020-1 Trust                                                     | CUSIP: 693684AM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164993 | PA      | $152862.10    | 0.06%             | 2050-01-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| PSMC Trust                     | PSMC 2019-3 Trust                                                     | CUSIP: 69375BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    236110 | PA      | $221551.55    | 0.09%             | 2049-11-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru | Provident Funding Mortgage Trust 2020-1                               | CUSIP: 743874AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    265362 | PA      | $227937.56    | 0.09%             | 2050-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru | Provident Funding Mortgage Trust 2020-1                               | CUSIP: 743874AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    882310 | PA      | $757426.50    | 0.31%             | 2050-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru | Provident Funding Mortgage Trust 2019-1                               | CUSIP: 74387LAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    521247 | PA      | $450300.25    | 0.19%             | 2049-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Resi Finance Limited Partnersh | RESI Finance LP 2003-CB1                                              | CUSIP: 74951PBJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    582785 | PA      | $559118.22    | 0.23%             | 2035-06-10      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| RMF Buyout Issuance Trust      | RMF Buyout Issuance Trust 2021-HB1                                    | CUSIP: 74969TAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3309981.50   | 1.37%             | 2031-11-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR Securitized Participation Interests Trust 2018-SPI3 | CUSIP: 3137G1DF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   9455180 | PA      | $7241211.85   | 3.00%             | 2048-08-25      | Variable      | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR Securitized Participation Interests Trust 2018-SPI4 | CUSIP: 3137G1DQ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   5616179 | PA      | $4041778.97   | 1.68%             | 2048-11-25      | Variable      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass-Through Certificates          | CUSIP: 3137HA4E3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  19553038 | PA      | $3774790.24   | 1.57%             | 2056-03-25      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass-Through Certificates          | CUSIP: 3137HAH41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7000000 | PA      | $1428189.00   | 0.59%             | 2055-09-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| FIRST MATRIX RMOF TRUST        | First Matrix RMOF Trust                                               | CUSIP: 32082FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $0.00         | 0.00%             | 2029-10-01      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| FirstKey Homes 2020-SFR1 Trust | FirstKey Homes 2020-SFR1 Trust                                        | CUSIP: 33767MAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6025000 | PA      | $5994453.25   | 2.49%             | 2037-08-17      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mortgage Trust        | Flagstar Mortgage Trust 2020-1NV                                      | CUSIP: 33851YAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    481645 | PA      | $418010.41    | 0.17%             | 2050-03-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mortgage Trust        | Flagstar Mortgage Trust 2019-1                                        | CUSIP: 33852AAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137586 | PA      | $124161.28    | 0.05%             | 2049-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mortgage Trust        | Flagstar Mortgage Trust 2019-1                                        | CUSIP: 33852AAP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83510 | PA      | $75361.57     | 0.03%             | 2049-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Flagstar Mortgage Trust        | Flagstar Mortgage Trust 2019-2                                        | CUSIP: 33852BAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    954227 | PA      | $849949.48    | 0.35%             | 2049-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortage-Backed Securities Trust 2020-PJ1                           | CUSIP: 36258FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    151460 | PA      | $136320.52    | 0.06%             | 2050-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp. Trust 2020-PJ3                    | CUSIP: 36258WAM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110487 | PA      | $92697.71     | 0.04%             | 2050-10-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp. Trust 2020-PJ3                    | CUSIP: 36258WAR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    292527 | PA      | $245579.17    | 0.10%             | 2050-10-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp. Trust 2020-PJ3                    | CUSIP: 36258WAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    216765 | PA      | $188295.49    | 0.08%             | 2050-10-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp. Trust 2020-PJ4                    | CUSIP: 36259VAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1491074 | PA      | $1291767.74   | 0.54%             | 2051-01-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp. Trust 2020-PJ2                    | CUSIP: 36262DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2547169 | PA      | $2260467.51   | 0.94%             | 2050-07-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2017-1                                  | CUSIP: 36416UAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55531 | PA      | $49566.46     | 0.02%             | 2056-07-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2017-1                                  | CUSIP: 36416UBP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3140080 | PA      | $2576639.86   | 1.07%             | 2056-07-25      | Variable      | 4.19%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2017-1                                  | CUSIP: 36417JAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77116 | PA      | $70483.68     | 0.03%             | 2057-11-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2018-2                                  | CUSIP: 36418GAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65122 | PA      | $61334.97     | 0.03%             | 2058-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2018-2                                  | CUSIP: 36418GCB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4628754 | PA      | $3742310.81   | 1.55%             | 2058-10-25      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2018-2                                  | CUSIP: 36418GCC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3847000 | PA      | $2785906.61   | 1.16%             | 2058-10-25      | Variable      | 4.67%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-INV1                                    | CUSIP: 46591DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    584143 | PA      | $554306.91    | 0.23%             | 2049-09-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | JPMorgan Chase Bank N.A. - CHASE                                      | CUSIP: 46591HAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    382492 | PA      | $393222.59    | 0.16%             | 2057-10-25      | Floating      | 6.93%                 | Yes           |                  2 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank N.A. - JPMWM                                      | CUSIP: 46591HBK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134571 | PA      | $135314.55    | 0.06%             | 2051-03-25      | Floating      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank N.A. - JPMWM                                      | CUSIP: 46591HBN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    866717 | PA      | $873110.07    | 0.36%             | 2051-03-25      | Floating      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank N.A. - JPMWM                                      | CUSIP: 46591HBP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1495628 | PA      | $1538642.47   | 0.64%             | 2051-03-25      | Floating      | 8.16%                 | Yes           |                  2 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank N.A. - JPMWM                                      | CUSIP: 46591HBQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2301343 | PA      | $2487644.20   | 1.03%             | 2051-03-25      | Floating      | 11.21%                | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Mortgage Finance Corp.                                          | CUSIP: 46591HCC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2158000 | PA      | $2265217.42   | 0.94%             | 2050-02-25      | Floating      | 10.81%                | Yes           |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes | Chase Auto Credit Linked Notes Series 2025-1                          | CUSIP: 46591HCW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2507715.00   | 1.04%             | 2033-02-25      | Fixed         | 7.00%                 | Yes           |                  3 | On Loan: No      |
| Chase Auto Credit Linked Notes | Chase Auto Credit Linked Notes Series 2025-1                          | CUSIP: 46591HCX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2254745.25   | 0.93%             | 2033-02-25      | Fixed         | 10.42%                | Yes           |                  3 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-8                                       | CUSIP: 46591KAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     61786 | PA      | $58643.39     | 0.02%             | 2050-03-25      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-INV3                                    | CUSIP: 46591LAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2092772 | PA      | $1889610.22   | 0.78%             | 2050-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-4                                       | CUSIP: 46652FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264089 | PA      | $230010.28    | 0.10%             | 2050-11-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Wealth Management 2020-ATR1                                  | CUSIP: 46652HAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2898078 | PA      | $2533919.60   | 1.05%             | 2050-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-8                                       | CUSIP: 46652TCN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    744528 | PA      | $594406.50    | 0.25%             | 2051-03-25      | Variable      | 3.49%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-8                                       | CUSIP: 46652TCP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    855000 | PA      | $509477.14    | 0.21%             | 2051-03-25      | Variable      | 3.49%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-8                                       | CUSIP: 46652TCQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1882756 | PA      | $856308.69    | 0.36%             | 2051-03-25      | Variable      | 3.49%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-5                                       | CUSIP: 46653JAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    292195 | PA      | $253523.06    | 0.11%             | 2050-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-5                                       | CUSIP: 46653JBK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370038 | PA      | $321063.20    | 0.13%             | 2050-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-5                                       | CUSIP: 46653JBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    442830 | PA      | $393071.12    | 0.16%             | 2050-12-25      | Variable      | 3.56%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-LTV2                                    | CUSIP: 46653LAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    997447 | PA      | $906653.81    | 0.38%             | 2050-11-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real E | FARM 2024-1 Mortgage Trust                                            | CUSIP: 30335JAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5290986 | PA      | $4504951.86   | 1.87%             | 2053-10-01      | Variable      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real E | FARM 2023-1 Mortgage Trust                                            | CUSIP: 30767YAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7339191 | PA      | $5345894.46   | 2.22%             | 2052-03-25      | Variable      | 3.04%                 | Yes           |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real E | FARM 2025-1 Mortgage Trust                                            | CUSIP: 30768CAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7110019 | PA      | $6207935.34   | 2.57%             | 2055-08-01      | Variable      | 5.63%                 | Yes           |                  3 | On Loan: No      |
| Farmer Mac Agricultural Real E | FARM 21-1 Mortgage Trust                                              | CUSIP: 30768WAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3901487 | PA      | $2996485.48   | 1.24%             | 2051-07-25      | Variable      | 3.23%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass-Through Certificates          | CUSIP: 3137FL6H2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12736000 | PA      | $947902.27    | 0.39%             | 2047-02-25      | Variable      | 2.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR Debt Notes 2017-HRP1                                | CUSIP: 3137G0SM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   1870667 | PA      | $1712070.58   | 0.71%             | 2042-12-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR Securitized Participation Interests Trust 2018-SPI1 | CUSIP: 3137G1CM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   5545449 | PA      | $4119099.28   | 1.71%             | 2048-02-25      | Variable      | 3.78%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR Securitized Participation Interests Trust 2018-SPI2 | CUSIP: 3137G1CW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   9658118 | PA      | $7005779.24   | 2.90%             | 2048-05-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-3                                       | CUSIP: 46649TAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101079 | PA      | $92287.47     | 0.04%             | 2048-09-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-3                                       | CUSIP: 46649TAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    808633 | PA      | $738299.77    | 0.31%             | 2048-09-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-9                                       | CUSIP: 46649YAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136750 | PA      | $128025.36    | 0.05%             | 2049-02-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-9                                       | CUSIP: 46649YAU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    121738 | PA      | $113971.37    | 0.05%             | 2049-02-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-1                                       | CUSIP: 46650HAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60473 | PA      | $57811.58     | 0.02%             | 2049-05-25      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-1                                       | CUSIP: 46650HAR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    147547 | PA      | $138435.18    | 0.06%             | 2049-05-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-6                                       | CUSIP: 46650JAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2880792 | PA      | $2606986.77   | 1.08%             | 2048-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-8                                       | CUSIP: 46650MAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157364 | PA      | $147043.58    | 0.06%             | 2049-01-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-6                                       | CUSIP: 46651BAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355555 | PA      | $325511.58    | 0.13%             | 2049-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-INV2                                    | CUSIP: 46651DAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1477552 | PA      | $1344721.97   | 0.56%             | 2050-02-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-INV2                                    | CUSIP: 46651DAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135394 | PA      | $129276.71    | 0.05%             | 2050-02-25      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-INV2                                    | CUSIP: 46651DAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    795099 | PA      | $697449.96    | 0.29%             | 2050-02-25      | Variable      | 3.21%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-7                                       | CUSIP: 46651GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53550 | PA      | $48570.85     | 0.02%             | 2050-02-25      | Variable      | 3.46%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-1                                       | CUSIP: 46651XAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15966 | PA      | $13948.80     | 0.01%             | 2050-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-9                                       | CUSIP: 46651YAP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    282512 | PA      | $254674.84    | 0.11%             | 2050-05-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-9                                       | CUSIP: 46651YBT6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    262566 | PA      | $230139.52    | 0.10%             | 2050-05-25      | Variable      | 3.39%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2013-7                                         | CUSIP: 81745CAA1<br>LEI: 549300DFASAA48I36408 | Long             | ABS-MBS          | CORP              | US        |    654557 | PA      | $571275.75    | 0.24%             | 2043-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2013-7                                         | CUSIP: 81745CAB9<br>LEI: 549300DFASAA48I36408 | Long             | ABS-MBS          | CORP              | US        |    237511 | PA      | $213484.58    | 0.09%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2013-9                                         | CUSIP: 81745DAE1<br>LEI: 54930005PH54PMVV8351 | Long             | ABS-MBS          | CORP              | US        |    155783 | PA      | $142773.69    | 0.06%             | 2043-07-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-LTV2                                    | CUSIP: 46653LAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1807890 | PA      | $1643324.56   | 0.68%             | 2050-11-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1       | Redwood Funding Trust 2023-1                                          | CUSIP: 75806CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3681470 | PA      | $3681565.27   | 1.53%             | 2059-07-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2021-J3                                                     | CUSIP: 12565VDE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2754094 | PA      | $2191567.57   | 0.91%             | 2051-06-25      | Variable      | 2.61%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC Trust 2015-1                                                     | CUSIP: 12649NAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1253056 | PA      | $1103226.98   | 0.46%             | 2045-01-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2018-J1 Trust                                                    | CUSIP: 12653TAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105582 | PA      | $94769.13     | 0.04%             | 2048-02-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Countrywide Alternative Loan T | Alternative Loan Trust 2005-62                                        | CUSIP: 12668ATR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7621697 | PA      | $15148.12     | 0.01%             | 2035-12-25      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2018-1                         | CUSIP: 94989UBL4<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |    310000 | PA      | $194179.66    | 0.08%             | 2047-07-25      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2019-4 Trust                   | CUSIP: 95002FAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    859913 | PA      | $776573.42    | 0.32%             | 2049-09-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2020-1 Trust                   | CUSIP: 95002KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259466 | PA      | $225447.36    | 0.09%             | 2049-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2020-3 Trust                   | CUSIP: 95002TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1370674 | PA      | $1173899.80   | 0.49%             | 2050-06-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2020-4 Trust                   | CUSIP: 95002VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    738340 | PA      | $628548.46    | 0.26%             | 2050-07-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Western Alliance Bank          | Western Alliance Bank                                                 | CUSIP: 95763PNF4<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |   4800640 | PA      | $4735399.77   | 1.96%             | 2059-07-25      | Floating      | 9.66%                 | Yes           |                  2 | On Loan: No      |
| Western Alliance Bank          | Western Alliance Bank                                                 | CUSIP: 95763PNG2<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |   1526138 | PA      | $1487504.14   | 0.62%             | 2059-07-25      | Floating      | 10.81%                | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio - Class Institutional                      | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  14588270 | PA      | $14588269.70  | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2019-5                                         | CUSIP: 81743AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1534123 | PA      | $1378371.10   | 0.57%             | 2049-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2019-5                                         | CUSIP: 81743ACE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1982724 | PA      | $1317383.34   | 0.55%             | 2049-12-25      | Variable      | 3.71%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2012-6                                         | CUSIP: 81744NAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    533983 | PA      | $460334.29    | 0.19%             | 2042-12-25      | Variable      | 1.81%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2013-5                                         | CUSIP: 81745AAB3<br>LEI: 549300671OK77JNRLK28 | Long             | ABS-MBS          | CORP              | US        |    958731 | PA      | $860718.82    | 0.36%             | 2043-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust  | Agate Bay Mortgage Trust 2015-7                                       | CUSIP: 00842CAG0<br>LEI: 549300LK2ZDVY7I44B84 | Long             | ABS-MBS          | CORP              | US        |    198783 | PA      | $183187.35    | 0.08%             | 2045-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust  | Agate Bay Mortgage Trust 2016-2                                       | CUSIP: 00842EAJ0<br>LEI: 549300TSTBCBQ5EBD390 | Long             | ABS-MBS          | CORP              | US        |    212374 | PA      | $195247.32    | 0.08%             | 2046-03-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked N | Ally Bank Auto Credit-Linked Notes Series 2024-A                      | CUSIP: 02007G2A0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3078601 | PA      | $3124579.46   | 1.30%             | 2032-05-17      | Fixed         | 12.75%                | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked N | Ally Bank Auto Credit-Linked Notes Series 2024-B                      | CUSIP: 02007G4G5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1636924 | PA      | $1654842.57   | 0.69%             | 2032-09-15      | Fixed         | 8.04%                 | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust    | Ally Auto Receivables Trust 2023-1                                    | CUSIP: 02007WAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  50808372 | PA      | $2624709.67   | 1.09%             | 2034-04-15      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust    | Ally Auto Receivables Trust 2024-1                                    | CUSIP: 02008F104<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  80500273 | PA      | $4669981.86   | 1.94%             | 2032-02-16      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AMSR Trust                     | AMSR 2020-SFR5 Trust                                                  | CUSIP: 03217JAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4936570.00   | 2.05%             | 2037-11-17      | Fixed         | 2.69%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2018-J1                                                     | CUSIP: 12554CCE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2625120 | PA      | $1823902.05   | 0.76%             | 2048-03-25      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2019-INV2                                                   | CUSIP: 12554TAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134205 | PA      | $126826.58    | 0.05%             | 2049-05-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2019-INV1                                                   | CUSIP: 12555DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     46113 | PA      | $44193.61     | 0.02%             | 2049-02-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2019-J1                                                     | CUSIP: 12556MAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    193958 | PA      | $177872.07    | 0.07%             | 2049-08-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2019-J1                                                     | CUSIP: 12556MCS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1993000 | PA      | $1443213.01   | 0.60%             | 2049-08-25      | Variable      | 3.92%                 | Yes           |                  2 | On Loan: No      |
| Countrywide Home Loans         | CHL Mortgage Pass-Through Trust 2005-3                                | CUSIP: 12669GTU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5872193 | PA      | $352.33       | 0.00%             | 2035-04-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust         | Chase Auto Owner Trust 2024-3                                         | CUSIP: 16144LAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8950 | PA      | $2689580.41   | 1.12%             | 2031-09-25      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust         | Chase Auto Owner Trust 2024-5                                         | CUSIP: 16144QAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21000 | PA      | $5416181.78   | 2.25%             | 2032-01-26      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust         | Chase Auto Owner Trust 2024-4                                         | CUSIP: 16144YAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $6188938.68   | 2.57%             | 2031-11-25      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust 2019-ATR1                           | CUSIP: 16158RAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    747771 | PA      | $714221.68    | 0.30%             | 2049-04-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust 2019-ATR1                           | CUSIP: 16158RAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43678 | PA      | $41718.78     | 0.02%             | 2049-04-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust 2019-ATR1                           | CUSIP: 16158RAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    307053 | PA      | $291306.50    | 0.12%             | 2049-04-25      | Variable      | 4.40%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust 2019-ATR1                           | CUSIP: 16158RBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1802509 | PA      | $1679514.56   | 0.70%             | 2049-04-25      | Variable      | 4.40%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust 2019-ATR2                           | CUSIP: 16159GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1742704 | PA      | $1584863.54   | 0.66%             | 2049-07-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust 2019-1                              | CUSIP: 16159WAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    265420 | PA      | $236096.01    | 0.10%             | 2050-03-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust, Inc.                                   | CUSIP: 17328PAQ6<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |     41488 | PA      | $35884.34     | 0.01%             | 2050-08-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC Trust 2013-TH1                                                   | CUSIP: 22944PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1718771 | PA      | $1508638.91   | 0.63%             | 2043-02-25      | Variable      | 2.13%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC Trust 2013-TH1                                                   | CUSIP: 22944PAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    293181 | PA      | $284780.23    | 0.12%             | 2043-02-25      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| EverBank Mortgage Loan Trust   | EverBank Mortgage Loan Trust 18-1                                     | CUSIP: 29978CAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1223037 | PA      | $1100317.60   | 0.46%             | 2048-02-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2017-4                                         | CUSIP: 81745XCC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2697226 | PA      | $2581086.43   | 1.07%             | 2047-07-25      | Variable      | 3.89%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2017-6                                         | CUSIP: 81746FCC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400314 | PA      | $1320455.84   | 0.55%             | 2047-09-25      | Variable      | 3.72%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2017-CH1                                       | CUSIP: 81746HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97417 | PA      | $92818.11     | 0.04%             | 2047-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2017-CH1                                       | CUSIP: 81746HAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12443 | PA      | $11545.72     | 0.00%             | 2047-08-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2017-CH2                                       | CUSIP: 81746JAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190230 | PA      | $178784.31    | 0.07%             | 2047-12-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2016-3                                         | CUSIP: 81746NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1988410 | PA      | $1824278.45   | 0.76%             | 2046-11-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2016-3                                         | CUSIP: 81746NCB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    554606 | PA      | $533311.21    | 0.22%             | 2046-11-25      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2016-3                                         | CUSIP: 81746NCC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2093637 | PA      | $2006985.71   | 0.83%             | 2046-11-25      | Variable      | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2018-2                                         | CUSIP: 81746QAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137891 | PA      | $124359.44    | 0.05%             | 2048-02-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2018-CH3                                       | CUSIP: 81746WAB4<br>LEI: 549300FECQ7XLTBL1027 | Long             | ABS-MBS          | CORP              | US        |     16432 | PA      | $16218.34     | 0.01%             | 2048-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2019-CH2                                       | CUSIP: 81747CAA9<br>LEI: 549300RES143ZXEZ6T39 | Long             | ABS-MBS          | CORP              | US        |     18958 | PA      | $18849.84     | 0.01%             | 2049-08-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2018-CH1                                       | CUSIP: 81747DAA7<br>LEI: 549300ZUG1L9OO3W6B29 | Long             | ABS-MBS          | CORP              | US        |    138002 | PA      | $129652.36    | 0.05%             | 2048-03-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2018-CH1                                       | CUSIP: 81747DAB5<br>LEI: 549300ZUG1L9OO3W6B29 | Long             | ABS-MBS          | CORP              | US        |     89859 | PA      | $81978.90     | 0.03%             | 2048-03-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2018-CH2                                       | CUSIP: 81747EAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    772762 | PA      | $724862.52    | 0.30%             | 2048-06-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2018-6                                         | CUSIP: 81747JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132368 | PA      | $124240.35    | 0.05%             | 2048-07-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2020-3                                         | CUSIP: 81748AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    229951 | PA      | $195576.18    | 0.08%             | 2050-04-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2019-3                                         | CUSIP: 81748BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171254 | PA      | $156359.11    | 0.06%             | 2049-09-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2019-3                                         | CUSIP: 81748BCD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1876496 | PA      | $1585040.80   | 0.66%             | 2049-09-25      | Variable      | 4.06%                 | Yes           |                  2 | On Loan: No      |
| USB Auto Owner Trust           | USB Auto Owner Trust 2025-1                                           | CUSIP: 90367VAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15000 | PA      | $4983750.00   | 2.07%             | 2032-12-15      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2020-RR1 Trust                 | CUSIP: 949796AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    619786 | PA      | $528682.30    | 0.22%             | 2050-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2020-RR1 Trust                 | CUSIP: 949796AS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    419237 | PA      | $358445.86    | 0.15%             | 2050-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2019-3 Trust                   | CUSIP: 949831AS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75438 | PA      | $68727.06     | 0.03%             | 2049-07-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2014-4                                         | CUSIP: 81745LAC7<br>LEI: 549300BU8OEB78D7JI24 | Long             | ABS-MBS          | CORP              | US        |    620862 | PA      | $575523.35    | 0.24%             | 2044-11-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2013-2                                         | CUSIP: 81745MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1729009 | PA      | $1488578.30   | 0.62%             | 2043-02-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2013-3                                         | CUSIP: 81745RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84834 | PA      | $72151.20     | 0.03%             | 2043-03-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2017-4                                         | CUSIP: 81745XAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53491 | PA      | $48963.67     | 0.02%             | 2047-07-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President