# EDGAR Filing Document

**Accession Number:** 0001368040
**File Stem:** 0001145549-25-048196
**Filing Date:** 2025-7
**Character Count:** 823776
**Document Hash:** 9afd859a13038fa6b8e5ba13a8b7bd7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-048196.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001145549-25-048196

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Short-Term Bond Fund of America
- **CENTRAL INDEX KEY:** 0001368040

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21928
- **FILM NUMBER:** 251150988

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Series and Classes Contracts Data

### Short-Term Bond Fund of America (Series ID: S000013585)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000036818 | Class A       | ASBAX           |
| C000036819 | Class F-1     | ASBFX           |
| C000036820 | Class 529-A   | CAAFX           |
| C000036821 | Class 529-F-1 | CFAMX           |
| C000036822 | Class R-1     | RAMAX           |
| C000036823 | Class R-2     | RAMBX           |
| C000036824 | Class R-3     | RAMCX           |
| C000036825 | Class R-4     | RAMEX           |
| C000036826 | Class R-5     | RAMFX           |
| C000037879 | Class C       | ASBCX           |
| C000037881 | Class 529-C   | CCAMX           |
| C000037882 | Class 529-E   | CEAMX           |
| C000068533 | Class F-2     | SBFFX           |
| C000077916 | Class R-6     | RMMGX           |
| C000148417 | Class R-2E    | RAAEX           |
| C000164812 | Class R-5E    | RAAGX           |
| C000180010 | Class F-3     | FSBTX           |
| C000189523 | Class 529-T   | TTSBX           |
| C000189524 | Class T       | TSTBX           |
| C000224563 | Class 529-F-2 | FTSBX           |
| C000224564 | Class 529-F-3 | FFTSX           |

## Nport-Ex

![](img2d04ea331.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Short-Term Bond Fund of America**<sup>®</sup>

Investment portfolio

May 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 91.97%<br> **U.S. Treasury bonds & notes 30.29%**<br> **U.S. Treasury 29.37%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| U.S. Treasury 2.875% 6/15/2025  | USD150,000 | $149918 |
| U.S. Treasury 4.625% 6/30/2025 <sup>(a)</sup>  | 393903 | 394011 |
| U.S. Treasury 5.00% 8/31/2025  | 213000 | 213308 |
| U.S. Treasury 3.50% 9/15/2025  | 9155 | 9133 |
| U.S. Treasury 3.00% 9/30/2025  | 670 | 667 |
| U.S. Treasury 5.00% 9/30/2025  | 7537 | 7553 |
| U.S. Treasury 4.25% 10/15/2025  | 12420 | 12419 |
| U.S. Treasury 3.00% 10/31/2025  | 25716 | 25580 |
| U.S. Treasury 5.00% 10/31/2025  | 24922 | 24987 |
| U.S. Treasury 4.50% 11/15/2025  | 32861 | 32885 |
| U.S. Treasury 4.875% 11/30/2025  | 4500 | 4511 |
| U.S. Treasury 4.25% 12/31/2025  | 60320 | 60311 |
| U.S. Treasury 0.375% 1/31/2026  | 24922 | 24291 |
| U.S. Treasury 4.25% 1/31/2026  | 105312 | 105287 |
| U.S. Treasury 4.00% 2/15/2026  | 18459 | 18429 |
| U.S. Treasury 4.625% 2/28/2026  | 151361 | 151772 |
| U.S. Treasury 4.625% 3/15/2026  | 1160 | 1164 |
| U.S. Treasury 0.875% 6/30/2026  | 7200 | 6955 |
| U.S. Treasury 4.625% 6/30/2026  | 220037 | 221154 |
| U.S. Treasury 4.375% 7/31/2026  | 31951 | 32048 |
| U.S. Treasury 0.75% 8/31/2026  | 54800 | 52616 |
| U.S. Treasury 4.625% 9/15/2026  | 14680 | 14784 |
| U.S. Treasury 0.875% 9/30/2026  | 51796 | 49701 |
| U.S. Treasury 4.625% 10/15/2026  | 35000 | 35273 |
| U.S. Treasury 4.625% 11/15/2026  | 10346 | 10433 |
| U.S. Treasury 4.25% 11/30/2026  | 6121 | 6144 |
| U.S. Treasury 4.375% 12/15/2026  | 16156 | 16246 |
| U.S. Treasury 1.25% 12/31/2026  | 20000 | 19173 |
| U.S. Treasury 4.00% 1/15/2027  | 434829 | 434965 |
| U.S. Treasury 4.125% 1/31/2027  | 11515 | 11544 |
| U.S. Treasury 4.125% 2/15/2027  | 3000 | 3008 |
| U.S. Treasury 3.75% 4/30/2027  | 246041 | 245311 |
| U.S. Treasury 4.125% 9/30/2027 <sup>(a)</sup>  | 305000 | 306750 |
| U.S. Treasury 3.875% 10/15/2027  | 14421 | 14419 |
| U.S. Treasury 4.125% 11/15/2027  | 70414 | 70810 |
| U.S. Treasury 0.625% 12/31/2027  | 23000 | 21182 |
| U.S. Treasury 4.25% 1/15/2028  | 20000 | 20185 |
| U.S. Treasury 4.25% 2/15/2028  | 19000 | 19184 |
| U.S. Treasury 3.625% 3/31/2028  | 1671 | 1661 |
| U.S. Treasury 3.75% 4/15/2028  | 38493 | 38379 |
| U.S. Treasury 1.25% 4/30/2028  | 31000 | 28788 |
| U.S. Treasury 3.75% 5/15/2028  | 358235 | 357186 |
| U.S. Treasury 4.00% 1/31/2029  | 232630 | 233406 |
| U.S. Treasury 4.50% 5/31/2029  | 27717 | 28308 |
| U.S. Treasury 4.25% 1/31/2030  | 10000 | 10124 |

---

Short-Term Bond Fund of America — Page 1 of 35

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **U.S. Treasury bonds & notes (continued)**<br> **U.S. Treasury (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| U.S. Treasury 3.875% 4/30/2030  | USD105,179 | $104768 |
| U.S. Treasury 4.25% 11/15/2034  | 17821 | 17644 |
| U.S. Treasury 1.875% 2/15/2041  | 341 | 229 |
| U.S. Treasury 3.25% 5/15/2042  | 152 | 123 |
| U.S. Treasury 2.75% 11/15/2042  | 511 | 382 |
| U.S. Treasury 3.00% 5/15/2045  | 2803 | 2101 |
| U.S. Treasury 3.00% 8/15/2048 <sup>(a)</sup>  | 5264 | 3807 |
| U.S. Treasury 2.25% 8/15/2049 <sup>(a)</sup>  | 5776 | 3536 |
| U.S. Treasury 1.875% 2/15/2051 <sup>(a)</sup>  | 354 | 194 |
| U.S. Treasury 2.875% 5/15/2052  | 208 | 143 |
| U.S. Treasury 3.625% 2/15/2053 <sup>(a)</sup>  | 7860 | 6280 |
| U.S. Treasury 4.25% 2/15/2054  | 8011 | 7149 |
|  |  | 3692319 |
| **U.S. Treasury inflation-protected securities 0.92%** |  |  |
| U.S. Treasury Inflation-Protected Security 0.375% 7/15/2025 <sup>(b)</sup>  | 73221 | 73198 |
| U.S. Treasury Inflation-Protected Security 1.50% 2/15/2053 <sup>(a)(b)</sup>  | 7241 | 5828 |
| U.S. Treasury Inflation-Protected Security 2.125% 2/15/2054 <sup>(a)(b)</sup>  | 18193 | 16386 |
| U.S. Treasury Inflation-Protected Security 2.375% 2/15/2055 <sup>(a)(b)</sup>  | 22058 | 20972 |
|  |  | 116384 |
| **Total U.S. Treasury bonds & notes** |  | 3808703 |
| **Asset-backed obligations 26.44%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 522 Funding CLO, Ltd., Series 18-3, Class AR, (3-month USD CME Term SOFR + 1.302%) 5.571% <br>10/20/2031 <sup>(c)(d)(e)</sup>  | 744 | 744 |
| ACHV ABS TRUST, Series 23-4CP, Class C, 7.71% 11/25/2030 <sup>(c)(d)</sup>  | 243 | 243 |
| ACHV ABS Trust, Series 2024-3AL, Class A, 5.01% 12/26/2031 <sup>(c)(d)</sup>  | 1197 | 1197 |
| ACHV ABS Trust, Series 2024-3AL, Class B, 5.45% 12/26/2031 <sup>(c)(d)</sup>  | 654 | 655 |
| ACHV ABS Trust, Series 2025-1PL, Class A, 4.76% 4/26/2032 <sup>(c)(d)</sup>  | 4315 | 4300 |
| ACHV ABS Trust, Series 2025-1PL, Class B, 5.04% 4/26/2032 <sup>(c)(d)</sup>  | 2661 | 2649 |
| ACHV ABS Trust, Series 2025-1PL, Class C, 5.31% 4/26/2032 <sup>(c)(d)</sup>  | 2804 | 2784 |
| Affirm Asset Securitization Trust, Series 2021-Z2, Class A, 1.17% 11/16/2026 <sup>(c)(d)</sup>  | 61 | 61 |
| Affirm Asset Securitization Trust, Series 2024-B, Class A, 4.62% 9/15/2029 <sup>(c)(d)</sup>  | 10839 | 10824 |
| Affirm, Inc., Series 2023-B, Class A, 6.82% 9/15/2028 <sup>(c)(d)</sup>  | 41206 | 41407 |
| Affirm, Inc., Series 2024, Class 1A, 5.61% 2/15/2029 <sup>(c)(d)</sup>  | 27574 | 27696 |
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(c)(d)</sup>  | 13906 | 13956 |
| Affirm, Inc., Series 2024-X1, Class A, 6.27% 5/15/2029 <sup>(c)(d)</sup>  | 2012 | 2015 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(c)(d)</sup>  | 9159 | 9163 |
| Affirm, Inc., Series 2025-X1, Class A, 5.08% 4/15/2030 <sup>(c)(d)</sup>  | 20000 | 19999 |
| Allegro CLO, Ltd., Series 2019-1, Class ARR, (3-month USD CME Term SOFR + 1.13%) 5.399% 4/20/2032 <sup>(c)(d)(e)</sup>  | 4298 | 4301 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class A, 5.90% 2/12/2027 <sup>(c)(d)</sup>  | 2190 | 2192 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class B, 5.60% 11/12/2027 <sup>(c)(d)</sup>  | 5216 | 5219 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class A, 5.76% 11/12/2027 <sup>(c)(d)</sup>  | 2669 | 2675 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class B, 6.10% 12/13/2027 <sup>(c)(d)</sup>  | 2463 | 2472 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class A, 4.81% 3/13/2028 <sup>(c)(d)</sup>  | 2202 | 2201 |
| American Credit Acceptance Receivables Trust, Series 2025-1, Class A, 4.67% 7/12/2028 <sup>(c)(d)</sup>  | 4035 | 4034 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class B, 5.66% 8/14/2028 <sup>(c)(d)</sup>  | 6537 | 6569 |
| American Credit Acceptance Receivables Trust, Series 2025-2, Class A, 4.81% 9/12/2028 <sup>(c)(d)</sup>  | 13513 | 13514 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class B, 4.80% 11/13/2028 <sup>(c)(d)</sup>  | 2044 | 2043 |
| American Credit Acceptance Receivables Trust, Series 2024-1, Class C, 5.63% 1/14/2030 <sup>(c)(d)</sup>  | 14718 | 14773 |
| American Express Credit Account Master Trust, Series 2022-3, Class A, 3.75% 8/16/2027 <sup>(c)</sup>  | 9901 | 9886 |
| American Homes 4 Rent, Series 2015-SFR2, Class A, 3.732% 10/17/2052 <sup>(c)(d)</sup>  | 4207 | 4182 |
| American Homes 4 Rent, Series 2015-SFR2, Class B, 4.295% 10/17/2052 <sup>(c)(d)</sup>  | 1871 | 1863 |

---

Short-Term Bond Fund of America — Page 2 of 35

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Money Management Corp., CLO, Series 2016-18, Class AR, (3-month USD CME Term SOFR + 1.362%) <br> 5.691% 5/26/2031 <sup>(c)(d)(e)</sup>  | USD136 | $136 |
| AmeriCredit Automobile Receivables Trust, Series 2023-2, Class A2, 6.19% 4/19/2027 <sup>(c)</sup>  | 1753 | 1756 |
| AmeriCredit Automobile Receivables Trust, Series 2023-2, Class A3, 5.81% 5/18/2028 <sup>(c)</sup>  | 9883 | 9966 |
| AmeriCredit Automobile Receivables Trust, Series 2024-1, Class A3, 5.43% 1/18/2029 <sup>(c)</sup>  | 4966 | 5024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apidos CLO, Ltd., Series 2013-15, Class A1RR (3-month USD CME Term SOFR + 1.272%) 5.541% <br>4/20/2031 <sup>(c)(d)(e)</sup>  | 544 | 544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apidos CLO, Ltd., Series 2019-32A, Class A1R, (3-month USD CME Term SOFR + 1.10%) 5.369% <br>1/20/2033 <sup>(c)(d)(e)</sup>  | 6218 | 6220 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 5.943% 2/16/2050 <sup>(c)(d)</sup>  | 360 | 362 |
| Ares CLO, Ltd., Series 2015-2, Class AR3, (3-month USD CME Term SOFR + 1.32%) 5.60% 4/17/2033 <sup>(c)(d)(e)</sup>  | 3000 | 3005 |
| AutoNation Finance Trust 2025-1, Series 2025-1A, Class A2, 4.72% 4/10/2028 <sup>(c)(d)</sup>  | 12215 | 12222 |
| Auxilior Term Funding, LLC, Series 24-1, Class A2, 5.84% 3/15/2027 <sup>(c)(d)</sup>  | 6904 | 6941 |
| Auxilior Term Funding, LLC, Series 24-1, Class A3, 5.49% 7/15/2031 <sup>(c)(d)</sup>  | 2802 | 2853 |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(c)(d)</sup>  | 39223 | 39048 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-1A, Class A, 2.33% 8/20/2026 <sup>(c)(d)</sup>  | 625 | 623 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(c)(d)</sup>  | 18269 | 18002 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class A, 6.12% 4/20/2027 <sup>(c)(d)</sup>  | 5320 | 5367 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/2028 <sup>(c)(d)</sup>  | 6476 | 6599 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-7, Class A, 5.90% 8/21/2028 <sup>(c)(d)</sup>  | 3900 | 4000 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-4A, Class A, 4.77% 2/20/2029 <sup>(c)(d)</sup>  | 9913 | 9958 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-1, Class B, 6.08% 4/20/2029 <sup>(c)(d)</sup>  | 2500 | 2568 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-1A, Class A, 4.80% 8/20/2029 <sup>(c)(d)</sup>  | 1860 | 1877 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1, Class A, 5.36% 6/20/2030 <sup>(c)(d)</sup>  | 3732 | 3814 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-2A, Class A, 5.12% 8/20/2031 <sup>(c)(d)</sup>  | 8652 | 8775 |
| AXIS Equipment Finance Receivables, LLC, Series 2023-1, Class A2, 6.09% 12/20/2029 <sup>(c)(d)</sup>  | 3154 | 3185 |
| AXIS Equipment Finance Receivables, LLC, Series 2024-1, Class A2, 5.38% 1/21/2031 <sup>(c)(d)</sup>  | 1971 | 1987 |
| AXIS Equipment Finance Receivables, LLC, Series 2024-2, Class A2, 5.19% 7/21/2031 <sup>(c)(d)</sup>  | 4002 | 4032 |
| AXIS Equipment Finance Receivables, LLC, Series 2025-1A, Class A2, 4.70% 9/22/2031 <sup>(c)(d)</sup>  | 6199 | 6220 |
| Babson CLO, Ltd., Series 2021-3, Class A, (3-month USD CME Term SOFR + 1.412%) 5.681% 1/18/2035 <sup>(c)(d)(e)</sup>  | 1500 | 1503 |
| Babson CLO, Ltd., Series 2023-1, Class C, (3-month USD CME Term SOFR + 3.10%) 7.369% 4/20/2036 <sup>(c)(d)(e)</sup>  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ballyrock, Ltd., CLO, Series 2019-2A, Class A1R, (3-month USD CME Term SOFR + 1.40%) 5.722% <br>2/20/2036 <sup>(c)(d)(e)</sup>  | 24200 | 24263 |
| Bank of America Auto Trust, Series 2025-1A, Class A2A, 4.52% 11/22/2027 <sup>(c)(d)</sup>  | 1193 | 1194 |
| Bank of America Credit Card Trust, Series 2022-A2, Class A2, 5.00% 4/17/2028 <sup>(c)</sup>  | 9593 | 9613 |
| Bank of America Credit Card Trust, Series 2024-A1, Class A, 4.93% 5/15/2029 <sup>(c)</sup>  | 9889 | 10020 |
| Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/2033 <sup>(c)(d)</sup>  | 761 | 747 |
| Bankers Healthcare Group Securitization Trust, Series 2021-B, Class B, 1.67% 10/17/2034 <sup>(c)(d)</sup>  | 540 | 528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO, Ltd., Series 2018-12A, Class ARR, (3-month USD CME Term SOFR + 0.93%) 5.254% <br>5/17/2031 <sup>(c)(d)(e)</sup>  | 6559 | 6547 |
| Beacon Container Finance II, LLC, Series 2021-1A, Class A, 2.25% 10/22/2046 <sup>(c)(d)</sup>  | 13586 | 12428 |
| Betony CLO 2, Ltd., Series 2018-1, Class A2, (3-month USD CME Term SOFR + 1.862%) 6.141% 4/30/2031 <sup>(c)(d)(e)</sup>  | 700 | 702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Birch Grove CLO, Ltd., Series 2023-6, Class A1, (3-month USD CME Term SOFR + 2.20%) 6.469% <br>7/20/2035 <sup>(c)(d)(e)</sup>  | 1975 | 1976 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029 <sup>(c)(d)</sup>  | 8316 | 8325 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class B, 5.41% 3/15/2030 <sup>(c)(d)</sup>  | 190 | 191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bluemountain CLO, Ltd., Series 2021-28, Class A, (3-month USD CME Term SOFR + 1.522%) 5.778% <br>4/15/2034 <sup>(c)(d)(e)</sup>  | 1110 | 1111 |
| BMW Vehicle Owner Trust, Series 2024-A, Class A3, 5.18% 2/26/2029 <sup>(c)</sup>  | 1330 | 1342 |
| BofA Auto Trust, Series 2024-1, Class A3, 5.35% 11/15/2028 <sup>(c)(d)</sup>  | 403 | 407 |
| Brex Commercial Charge Card Master Trust, Series 2024-1, Class A1, 6.05% 7/15/2027 <sup>(c)(d)</sup>  | 7035 | 7093 |
| Bridge Trust, Series 2022-SFR1, Class A, 3.40% 11/17/2037 <sup>(c)(d)</sup>  | 9892 | 9786 |
| Bridge Trust, Series 2024-SFR1, Class A, 4.00% 8/17/2040 <sup>(c)(d)</sup>  | 7228 | 6958 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A2, 5.54% 2/16/2027 <sup>(c)</sup>  | 1122 | 1123 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class A2, 4.71% 9/15/2027 <sup>(c)</sup>  | 10419 | 10416 |

---

Short-Term Bond Fund of America — Page 3 of 35

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A2, 4.84% 9/15/2027 <sup>(c)</sup>  | USD2,508 | $2510 |
| Bridgecrest Lending Auto Securitization Trust, Series 2023-1, Class A3, 6.51% 11/15/2027 <sup>(c)</sup>  | 3043 | 3052 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class A2, 4.84% 1/18/2028 <sup>(c)</sup>  | 9475 | 9474 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class A3, 5.53% 1/18/2028 <sup>(c)</sup>  | 5854 | 5864 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A3, 5.34% 4/17/2028 <sup>(c)</sup>  | 4216 | 4228 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-2, Class A3, 5.84% 6/15/2028 <sup>(c)</sup>  | 14000 | 14060 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class A3, 4.67% 8/15/2028 <sup>(c)</sup>  | 4804 | 4803 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class B, 5.43% 8/15/2028 <sup>(c)</sup>  | 1507 | 1512 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A3, 4.72% 9/15/2028 <sup>(c)</sup>  | 8074 | 8078 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class B, 5.37% 10/16/2028 <sup>(c)</sup>  | 1977 | 1987 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class A3, 4.78% 12/15/2028 <sup>(c)</sup>  | 12900 | 12917 |
| Business Jet Securities, LLC, Series 2024-2A, Class A, 5.364% 9/15/2039 <sup>(c)(d)</sup>  | 690 | 689 |
| CAL Funding IV, Ltd., Series 2020-1A, Class A, 2.22% 9/25/2045 <sup>(c)(d)</sup>  | 1898 | 1779 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(c)(d)</sup>  | 20935 | 21170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies, CLO, Series 2019-1, Class A1AR, (3-month USD CME Term SOFR + 1.342%) <br> 5.611% 4/20/2031 <sup>(c)(d)(e)</sup>  | 194 | 194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies, CLO, Series 2014-2RA, Class A1, (3-month USD CME Term SOFR + 1.312%) <br> 5.638% 5/15/2031 <sup>(c)(d)(e)</sup>  | 250 | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies, CLO, Series 2014-3R, Class A1A, (3-month USD CME Term SOFR + 1.312%) <br> 5.594% 7/27/2031 <sup>(c)(d)(e)</sup>  | 459 | 459 |
| CarMax Auto Owner Trust, Series 2024-1, Class A2A, 5.30% 3/15/2027 <sup>(c)</sup>  | 448 | 448 |
| CarMax Auto Owner Trust, Series 2024-2, Class A2A, 5.65% 5/17/2027 <sup>(c)</sup>  | 4999 | 5011 |
| CarMax Auto Owner Trust, Series 2024-4, Class A2A, 4.67% 12/15/2027 <sup>(c)</sup>  | 8922 | 8926 |
| CarMax Auto Owner Trust, Series 2025-1, Class A2A, 4.63% 3/15/2028 <sup>(c)</sup>  | 3000 | 3000 |
| CarMax Auto Owner Trust, Series 2023-3, Class A3, 5.28% 5/15/2028 <sup>(c)</sup>  | 3642 | 3661 |
| CarMax Auto Owner Trust, Series 2024-1, Class A3, 4.92% 10/16/2028 <sup>(c)</sup>  | 10000 | 10042 |
| CarMax Auto Owner Trust, Series 2024-3, Class A3, 4.89% 7/16/2029 <sup>(c)</sup>  | 15911 | 16034 |
| CarMax Auto Owner Trust, Series 2024-3, Class B, 5.08% 2/15/2030 <sup>(c)</sup>  | 2472 | 2505 |
| CarMax Select Receivables Trust, Series 2024-A, Class A2A, 5.78% 9/15/2027 <sup>(c)</sup>  | 2275 | 2283 |
| CarMax Select Receivables Trust, Series 2024-A, Class C, 5.62% 1/15/2030 <sup>(c)</sup>  | 1438 | 1459 |
| Carvana Auto Receivables Trust, Series 2024-N1, Class A2, 5.76% 4/12/2027 <sup>(c)(d)</sup>  | 536 | 536 |
| Carvana Auto Receivables Trust, Series 2024-N2, Class A2, 5.90% 8/10/2027 <sup>(c)(d)</sup>  | 2050 | 2055 |
| Carvana Auto Receivables Trust, Series 2023-N3, Class A, 6.41% 9/10/2027 <sup>(c)(d)</sup>  | 409 | 410 |
| Carvana Auto Receivables Trust, Series 2024-P2, Class A2, 5.63% 11/10/2027 <sup>(c)</sup>  | 546 | 548 |
| Carvana Auto Receivables Trust, Series 2023-N4, Class A, 6.42% 1/10/2028 <sup>(c)(d)</sup>  | 2159 | 2169 |
| Carvana Auto Receivables Trust, Series 2023-P3, Class A3, 5.82% 8/10/2028 <sup>(c)(d)</sup>  | 1288 | 1297 |
| Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72% 9/11/2028 <sup>(c)</sup>  | 1281 | 1237 |
| Carvana Auto Receivables Trust, Series 2024-N3, Class A3, 4.53% 1/10/2029 <sup>(c)(d)</sup>  | 3000 | 2997 |
| Carvana Auto Receivables Trust, Series 2024-P2, Class A3, 5.33% 7/10/2029 <sup>(c)</sup>  | 1678 | 1694 |
| Carvana Auto Receivables Trust, Series 2023-P3, Class A4, 5.71% 7/10/2029 <sup>(c)(d)</sup>  | 736 | 754 |
| Carvana Auto Receivables Trust, Series 2024-N1, Class B, 5.63% 5/10/2030 <sup>(c)(d)</sup>  | 3500 | 3540 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(c)(d)</sup>  | 1256 | 1150 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(c)(d)</sup>  | 1346 | 1354 |
| CCG Receivables Trust, Series 2023-1, Class A2, 5.82% 9/16/2030 <sup>(c)(d)</sup>  | 3376 | 3394 |
| CCG Receivables Trust, Series 2023-1, Class B, 5.99% 9/16/2030 <sup>(c)(d)</sup>  | 6000 | 6086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cerberus Loan Funding, LP, CLO, Series 2022-2, Class A1, (3-month USD CME Term SOFR + 2.75%) 7.006% <br>10/15/2034 <sup>(c)(d)(e)</sup>  | 3000 | 3014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cerberus Loan Funding, LP, CLO, Series 2023-1, Class A, (3-month USD CME Term SOFR + 2.40%) 6.656% <br>3/22/2035 <sup>(c)(d)(e)</sup>  | 2000 | 1999 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(c)(d)</sup>  | 28521 | 28312 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(c)(d)</sup>  | 2580 | 2371 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(c)(d)</sup>  | 23897 | 23019 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(c)(d)</sup>  | 10785 | 10797 |
| CF Hippolyta, LLC, Series 2022-1A, Class A2, 6.11% 8/15/2062 <sup>(c)(d)</sup>  | 4262 | 4271 |
| Chase Auto Owner Trust, Series 2024-4A, Class A2, 5.25% 9/27/2027 <sup>(c)(d)</sup>  | 8382 | 8402 |

---

Short-Term Bond Fund of America — Page 4 of 35

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Chase Auto Owner Trust, Series 2024-5A, Class A2, 4.40% 11/26/2027 <sup>(c)(d)</sup>  | USD13,600 | $13584 |
| Chase Auto Owner Trust, Series 2024-1, Class A3, 5.13% 5/25/2029 <sup>(c)(d)</sup>  | 6257 | 6305 |
| Chase Auto Owner Trust, Series 2024-2, Class A3, 5.52% 6/25/2029 <sup>(c)(d)</sup>  | 5821 | 5906 |
| Chase Auto Owner Trust, Series 2024-4A, Class A3, 4.94% 7/25/2029 <sup>(c)(d)</sup>  | 6236 | 6280 |
| Chase Auto Owner Trust, Series 2024-3, Class A3, 5.22% 7/25/2029 <sup>(c)(d)</sup>  | 1120 | 1133 |
| Chase Auto Owner Trust, Series 2024-5A, Class A3, 4.18% 8/27/2029 <sup>(c)(d)</sup>  | 5000 | 4980 |
| Chase Auto Owner Trust, Series 2024-3, Class A4, 5.08% 12/25/2029 <sup>(c)(d)</sup>  | 940 | 956 |
| Chase Issuance Trust, Series 2024-A1, Class A, 4.60% 1/16/2029 <sup>(c)</sup>  | 15114 | 15197 |
| Chesapeake Funding II, LLC, Series 2023-2, Class A1, 6.16% 10/15/2035 <sup>(c)(d)</sup>  | 3342 | 3384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CIFC Funding, Ltd., CLO, Series 2017-4, Class A1R, (3-month USD CME Term SOFR + 1.212%) 5.487% <br>10/24/2030 <sup>(c)(d)(e)</sup>  | 477 | 477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CIFC Funding, Ltd., CLO, Series 2015-1, Class ARR, (3-month USD CME Term SOFR + 1.372%) 5.644% <br>1/22/2031 <sup>(c)(d)(e)</sup>  | 98 | 98 |
| Citibank Credit Card Issuance Trust, Series 2023-A1, Class A1, 5.23% 12/8/2027 <sup>(c)</sup>  | 7630 | 7656 |
| Citizens Auto Receivables Trust, Series 2024-1, Class A2A, 5.43% 10/15/2026 <sup>(c)(d)</sup>  | 230 | 230 |
| Citizens Auto Receivables Trust, Series 2023-2, Class A3, 5.83% 2/15/2028 <sup>(c)(d)</sup>  | 5430 | 5470 |
| Citizens Auto Receivables Trust, Series 2023-2, Class A4, 5.74% 10/15/2030 <sup>(c)(d)</sup>  | 6081 | 6181 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032 <sup>(c)(d)</sup>  | 11889 | 11886 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045 <sup>(c)(d)</sup>  | 2362 | 2185 |
| CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/2045 <sup>(c)(d)</sup>  | 5154 | 4764 |
| CLI Funding VI, LLC, Series 2020-3A, Class A, 2.07% 10/18/2045 <sup>(c)(d)</sup>  | 4169 | 3860 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 1.64% 2/18/2046 <sup>(c)(d)</sup>  | 1480 | 1350 |
| CLI Funding VIII, LLC, Series 2022-1, Class A, 2.72% 1/18/2047 <sup>(c)(d)</sup>  | 3368 | 3058 |
| ClickLease Equipment Receivables 2024-1 Trust, Series 2024-1, Class A, 6.86% 2/15/2030 <sup>(c)(d)</sup>  | 230 | 231 |
| CNH Equipment Trust, Series 2024-B, Class A2A, 5.42% 10/15/2027 <sup>(c)</sup>  | 5294 | 5306 |
| CNH Equipment Trust, Series 2024-B, Class A3, 5.19% 9/17/2029 <sup>(c)</sup>  | 5635 | 5704 |
| Commercial Equipment Finance, Series 2024-1, Class A, 5.97% 7/16/2029 <sup>(c)(d)</sup>  | 5560 | 5610 |
| CPS Auto Receivables Trust, Series 2023-B, Class A, 5.91% 8/16/2027 <sup>(c)(d)</sup>  | 103 | 103 |
| CPS Auto Receivables Trust, Series 2024-A, Class A, 5.71% 9/15/2027 <sup>(c)(d)</sup>  | 581 | 582 |
| CPS Auto Receivables Trust, Series 2024-C, Class A, 5.88% 2/15/2028 <sup>(c)(d)</sup>  | 1835 | 1842 |
| CPS Auto Receivables Trust, Series 2024-A, Class B, 5.65% 5/15/2028 <sup>(c)(d)</sup>  | 1800 | 1804 |
| CPS Auto Receivables Trust, Series 2024-D, Class A, 4.91% 6/15/2028 <sup>(c)(d)</sup>  | 4639 | 4642 |
| CPS Auto Receivables Trust, Series 2024-C, Class B, 5.68% 12/15/2028 <sup>(c)(d)</sup>  | 6054 | 6100 |
| CPS Auto Receivables Trust, Series 2024-D, Class B, 4.65% 3/15/2029 <sup>(c)(d)</sup>  | 597 | 596 |
| CPS Auto Receivables Trust, Series 2023-A, Class C, 5.54% 4/16/2029 <sup>(c)(d)</sup>  | 3951 | 3955 |
| CPS Auto Receivables Trust, Series 2023-C, Class C, 6.27% 10/15/2029 <sup>(c)(d)</sup>  | 1171 | 1182 |
| CPS Auto Receivables Trust, Series 2024-C, Class C, 5.76% 10/15/2030 <sup>(c)(d)</sup>  | 1589 | 1607 |
| CPS Auto Trust, Series 2025-B, Class A, 4.74% 2/15/2029 <sup>(c)(d)</sup>  | 10142 | 10139 |
| CPS Auto Trust, Series 2025-B, Class B, 4.79% 11/15/2029 <sup>(c)(d)</sup>  | 3214 | 3212 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class A, 6.39% 8/15/2033 <sup>(c)(d)</sup>  | 7463 | 7535 |
| Credit Acceptance Auto Loan Trust, Series 2024-1A, Class A, 5.68% 3/15/2034 <sup>(c)(d)</sup>  | 1665 | 1685 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(c)(d)</sup>  | 4811 | 4870 |
| Crossroads Asset Trust, Series 2024-A, Class A2, 5.90% 8/20/2030 <sup>(c)(d)</sup>  | 5412 | 5475 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A2, 5.60% 4/15/2026 <sup>(c)</sup>  | 3288 | 3291 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A3, 5.49% 12/15/2027 <sup>(c)</sup>  | 3293 | 3318 |
| Dell Equipment Finance Trust, Series 2025-1, Class A2, 4.68% 7/22/2027 <sup>(c)(d)</sup>  | 5500 | 5512 |
| Dell Equipment Finance Trust, Series 2024-1, Class A3, 5.39% 3/22/2030 <sup>(c)(d)</sup>  | 10000 | 10083 |
| Dell Equipment Finance Trust, Series 2024-1, Class A2, 5.58% 3/22/2030 <sup>(c)(d)</sup>  | 589 | 591 |
| Dell Equipment Finance Trust, Series 2024-2, Class A3, 4.59% 8/22/2030 <sup>(c)(d)</sup>  | 3048 | 3060 |
| Dell Equipment Finance Trust, Series 2025-1, Class A3, 4.61% 2/24/2031 <sup>(c)(d)</sup>  | 5500 | 5534 |
| Dext ABS, Series 2023-1, Class A2, 5.99% 3/15/2032 <sup>(c)(d)</sup>  | 2484 | 2493 |
| Discover Card Execution Note Trust, Series 2022-A3, Class A3, 3.56% 7/15/2027 <sup>(c)</sup>  | 12857 | 12841 |
| DLLAD, LLC, Series 2024-1, Class A2, 5.50% 8/20/2027 <sup>(c)(d)</sup>  | 3089 | 3103 |
| DLLAD, LLC, Series 2024-1, Class A3, 5.30% 7/20/2029 <sup>(c)(d)</sup>  | 1227 | 1246 |
| DLLMT, LLC, Series 2024-1A, Class A3, 4.84% 8/21/2028 <sup>(c)(d)</sup>  | 5000 | 5038 |

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Short-Term Bond Fund of America — Page 5 of 35

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.35% 2/15/2028 <sup>(c)</sup>  | USD7,037 | $7045 |
| Drive Auto Receivables Trust, Series 2025-1, Class A2, 4.87% 8/15/2028 <sup>(c)</sup>  | 5707 | 5708 |
| Drive Auto Receivables Trust, Series 2024-2, Class A3, 4.50% 9/15/2028 <sup>(c)</sup>  | 3733 | 3727 |
| Drive Auto Receivables Trust, Series 2024-1, Class B, 5.31% 1/16/2029 <sup>(c)</sup>  | 1626 | 1632 |
| Drive Auto Receivables Trust, Series 2024-2, Class B, 4.52% 7/16/2029 <sup>(c)</sup>  | 3118 | 3112 |
| Drive Auto Receivables Trust, Series 2024-1, Class C, 5.43% 11/17/2031 <sup>(c)</sup>  | 2892 | 2928 |
| Drive Auto Receivables Trust, Series 2025-1, Class A3, 4.73% 9/15/2032 <sup>(c)</sup>  | 5896 | 5906 |
| Drive Auto Receivables Trust, Series 2025-1, Class B, 4.79% 9/15/2032 <sup>(c)</sup>  | 3477 | 3485 |
| Drive Auto Receivables Trust, Series 2025-1, Class C, 4.99% 9/15/2032 <sup>(c)</sup>  | 467 | 469 |
| DriveTime Auto Owner Trust, Series 2023-3, Class A, 6.29% 8/16/2027 <sup>(c)(d)</sup>  | 329 | 329 |
| DriveTime Auto Owner Trust, Series 2022-2A, Class C, 4.72% 3/15/2028 <sup>(c)(d)</sup>  | 1619 | 1619 |
| DriveTime Auto Owner Trust, Series 2023-1, Class C, 5.55% 10/16/2028 <sup>(c)(d)</sup>  | 5316 | 5329 |
| DriveTime Auto Owner Trust, Series 2023-3, Class C, 6.40% 5/15/2029 <sup>(c)(d)</sup>  | 1187 | 1204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2016-45A, Class A1RR, (3-month USD CME Term SOFR + 1.08%) 5.336% <br> 10/15/2030 <sup>(c)(d)(e)</sup>  | 5764 | 5764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2015-37, Class AR, (3-month USD CME Term SOFR + 1.362% 5.618% <br> 1/15/2031 <sup>(c)(d)(e)</sup>  | 1007 | 1008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden Senior Loan Fund, CLO, Series 2018-60A, Class A, (3-month USD CME Term SOFR + 1.312%) 5.568% <br> 7/15/2031 <sup>(c)(d)(e)</sup>  | 568 | 568 |
| EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045 <sup>(c)(d)</sup>  | 534 | 493 |
| Enterprise Fleet Financing, LLC, Series 2024-2, Class A2, 5.74% 12/20/2026 <sup>(c)(d)</sup>  | 3488 | 3503 |
| Enterprise Fleet Financing, LLC, Series 2024-3, Class A2, 5.31% 4/20/2027 <sup>(c)(d)</sup>  | 7164 | 7189 |
| Enterprise Fleet Financing, LLC, Series 2024-4, Class A2, 4.69% 7/20/2027 <sup>(c)(d)</sup>  | 18962 | 18975 |
| Enterprise Fleet Financing, LLC, Series 2022-1, Class A3, 3.27% 1/20/2028 <sup>(c)(d)</sup>  | 197 | 196 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A2, 4.38% 7/20/2029 <sup>(c)(d)</sup>  | 743 | 742 |
| Enterprise Fleet Financing, LLC, Series 2022-4, Class A2, 5.76% 10/22/2029 <sup>(c)(d)</sup>  | 4255 | 4272 |
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A2, 5.23% 3/20/2030 <sup>(c)(d)</sup>  | 5809 | 5845 |
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A3, 5.16% 9/20/2030 <sup>(c)(d)</sup>  | 3040 | 3079 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032 <sup>(c)(d)</sup>  | 10662 | 10765 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class B, 5.24% 5/15/2029 <sup>(c)(d)</sup>  | 2542 | 2560 |
| Exeter Automobile Receivables Trust, Series 2024-3A, Class A2, 5.82% 2/15/2027 <sup>(c)</sup>  | 281 | 281 |
| Exeter Automobile Receivables Trust, Series 2024-5, Class A2, 4.79% 4/15/2027 <sup>(c)</sup>  | 8873 | 8872 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class A2, 5.60% 5/17/2027 <sup>(c)</sup>  | 139 | 139 |
| Exeter Automobile Receivables Trust, Series 2025-2A, Class A2, 4.78% 6/15/2027 <sup>(c)</sup>  | 2302 | 2302 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class A3, 5.31% 8/16/2027 <sup>(c)</sup>  | 1861 | 1863 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A2, 4.70% 9/15/2027 <sup>(c)</sup>  | 14376 | 14378 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class B, 6.11% 9/15/2027 <sup>(c)</sup>  | 794 | 795 |
| Exeter Automobile Receivables Trust, Series 2024-3A, Class A3, 5.65% 12/15/2027 <sup>(c)</sup>  | 3493 | 3503 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class A2, 4.83% 1/18/2028 <sup>(c)</sup>  | 2750 | 2750 |
| Exeter Automobile Receivables Trust, Series 2022-6, Class C, 6.32% 5/15/2028 <sup>(c)</sup>  | 2149 | 2160 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class C, 6.21% 6/15/2028 <sup>(c)</sup>  | 283 | 285 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A3, 4.67% 8/15/2028 <sup>(c)</sup>  | 7051 | 7053 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class B, 5.29% 8/15/2028 <sup>(c)</sup>  | 6168 | 6183 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class A3, 4.78% 7/16/2029 <sup>(c)</sup>  | 3821 | 3828 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class B, 4.86% 2/15/2030 <sup>(c)</sup>  | 2027 | 2034 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class C, 5.41% 5/15/2030 <sup>(c)</sup>  | 4255 | 4279 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class B, 5.29% 8/15/2030 <sup>(c)</sup>  | 3259 | 3278 |
| Exeter Automobile Receivables Trust, Series 2025-3A, Class C, 5.09% 10/15/2031 <sup>(c)</sup>  | 1332 | 1339 |
| Exeter Select Automobile Receivables Trust, Series 2025-1, Class A2, 4.83% 10/16/2028 <sup>(c)</sup>  | 7719 | 7721 |
| Exeter Select Automobile Receivables Trust, Series 2025-1, Class A3, 4.69% 4/15/2030 <sup>(c)</sup>  | 2185 | 2188 |
| Exeter Select Automobile Receivables Trust, Series 2025-1, Class C, 5.40% 8/15/2031 <sup>(c)</sup>  | 1000 | 1010 |
| First National Master Note Trust, Series 2023-1, Class A, 5.13% 4/16/2029 <sup>(c)</sup>  | 4144 | 4165 |
| First National Master Note Trust, Series 2023-2, Class A, 5.77% 9/17/2029 <sup>(c)</sup>  | 5347 | 5438 |
| First National Master Note Trust, Series 2025-1, Class A, 4.85% 2/15/2030 <sup>(c)</sup>  | 13020 | 13201 |
| First National Master Note Trust, Series 2024-1, Class A, 5.34% 5/15/2030 <sup>(c)</sup>  | 4219 | 4296 |

---

Short-Term Bond Fund of America — Page 6 of 35

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/2037 <sup>(c)(d)</sup>  | USD5,700 | $5609 |
| FirstKey Homes Trust, Series 20-SFR2, Class C, 1.667% 10/19/2037 <sup>(c)(d)</sup>  | 800 | 787 |
| Flagship Credit Auto Trust, Series 2023-3, Class A2, 5.89% 7/15/2027 <sup>(c)(d)</sup>  | 621 | 622 |
| Flagship Credit Auto Trust, Series 2023-3, Class A3, 5.44% 4/17/2028 <sup>(c)(d)</sup>  | 2114 | 2119 |
| Flagship Credit Auto Trust, Series 2023-3, Class B, 5.64% 7/16/2029 <sup>(c)(d)</sup>  | 2126 | 2143 |
| Ford Credit Auto Lease Trust, Series 2024-A, Class A3, 5.06% 5/15/2027 <sup>(c)</sup>  | 9463 | 9482 |
| Ford Credit Auto Lease Trust, Series 2024-A, Class A4, 5.05% 6/15/2027 <sup>(c)</sup>  | 2413 | 2427 |
| Ford Credit Auto Owner Trust, Series 2024-C, Class A3, 4.07% 7/15/2029 <sup>(c)</sup>  | 6000 | 5973 |
| Ford Credit Auto Owner Trust, Series 2020-2, Class A, 1.06% 4/15/2033 <sup>(c)(d)</sup>  | 53716 | 53010 |
| Ford Credit Auto Owner Trust, Series 2023-1, Class A, 4.85% 8/15/2035 <sup>(c)(d)</sup>  | 4029 | 4076 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(c)(d)</sup>  | 2981 | 3054 |
| Ford Credit Floorplan Master Owner Trust, Series 2024-3, Class A1, 4.30% 9/15/2029 <sup>(c)(d)</sup>  | 22300 | 22274 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-1, Class A1, 4.63% 4/15/2030 <sup>(c)</sup>  | 10814 | 10876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., Series 2019-2A, Class A1AR, (3-month USD CME Term SOFR + 1.05%) 5.319% <br> 10/20/2032 <sup>(c)(d)(e)</sup>  | 5608 | 5605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., Series 2019-2A, Class CR, (3-month USD CME Term SOFR + 2.00%) 6.269% <br>10/20/2032 <sup>(c)(d)(e)</sup>  | 1750 | 1755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., Series 2022-2, Class AR, (3-month USD CME Term SOFR + 1.40%) 5.669% <br>10/18/2033 <sup>(c)(d)(e)</sup>  | 3938 | 3946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2023-1A, Class A1R, (3-month USD CME Term SOFR + 1.57%) 5.90% <br> 4/23/2036 <sup>(c)(d)(e)</sup>  | 2400 | 2400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Credit BSL, Ltd., CLO, Series 2023-1, Class AT, (3-month USD CME Term SOFR + 2.25%) 6.529% <br> 4/23/2036 <sup>(c)(d)(e)</sup>  | 1500 | 1500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galaxy CLO, Ltd., Series 2013-15, Class ARR, (3-month USD CME Term SOFR + 1.232%) 5.488% <br>10/15/2030 <sup>(c)(d)(e)</sup>  | 40 | 40 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045 <sup>(c)(d)</sup>  | 6354 | 5949 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046 <sup>(c)(d)</sup>  | 4742 | 4336 |
| General Motors, Series 2025-1A, Class A1, 4.59% 3/15/2029 <sup>(c)(d)</sup>  | 3101 | 3109 |
| General Motors, Series 2025-2A, Class A, 4.64% 3/15/2030 <sup>(c)(d)</sup>  | 18084 | 18207 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040 <sup>(c)(d)</sup>  | 14396 | 13656 |
| Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/2040 <sup>(c)(d)</sup>  | 11174 | 10614 |
| Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 4/17/2041 <sup>(c)(d)</sup>  | 13089 | 12044 |
| Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/2041 <sup>(c)(d)</sup>  | 5632 | 5222 |
| GLS Auto Receivables Trust, Series 2024-2, Class A2, 5.77% 6/15/2027 <sup>(c)(d)</sup>  | 512 | 513 |
| GLS Auto Receivables Trust, Series 2023-4, Class A3, 6.42% 6/15/2027 <sup>(c)(d)</sup>  | 9458 | 9471 |
| GLS Auto Receivables Trust, Series 2024-1, Class A3, 5.40% 9/15/2027 <sup>(c)(d)</sup>  | 2906 | 2909 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A2, 4.76% 10/15/2027 <sup>(c)(d)</sup>  | 1282 | 1282 |
| GLS Auto Receivables Trust, Series 2025-1A, Class A2, 4.68% 12/15/2027 <sup>(c)(d)</sup>  | 13472 | 13467 |
| GLS Auto Receivables Trust, Series 2024-2, Class A3, 5.64% 1/18/2028 <sup>(c)(d)</sup>  | 3563 | 3577 |
| GLS Auto Receivables Trust, Series 2025-2A, Class A2, 4.75% 3/15/2028 <sup>(c)(d)</sup>  | 14000 | 14005 |
| GLS Auto Receivables Trust, Series 2024-3A, Class A3, 5.02% 4/17/2028 <sup>(c)(d)</sup>  | 927 | 929 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A3, 4.75% 7/17/2028 <sup>(c)(d)</sup>  | 3110 | 3111 |
| GLS Auto Receivables Trust, Series 2025-1A, Class A3, 4.77% 9/15/2028 <sup>(c)(d)</sup>  | 5982 | 5997 |
| GLS Auto Receivables Trust, Series 2025-2A, Class A3, 4.75% 1/16/2029 <sup>(c)(d)</sup>  | 14527 | 14551 |
| GLS Auto Receivables Trust, Series 2024-3A, Class B, 5.08% 1/16/2029 <sup>(c)(d)</sup>  | 724 | 726 |
| GLS Auto Receivables Trust, Series 2025-2A, Class B, 4.97% 10/15/2029 <sup>(c)(d)</sup>  | 1983 | 1995 |
| GLS Auto Receivables Trust, Series 2024-1, Class C, 5.64% 12/17/2029 <sup>(c)(d)</sup>  | 5212 | 5268 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(c)(d)</sup>  | 8758 | 8734 |
| GLS Auto Select Receivables Trust, Series 2024-1, Class A2, 5.24% 3/15/2030 <sup>(c)(d)</sup>  | 8524 | 8565 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class A2, 4.71% 4/15/2030 <sup>(c)(d)</sup>  | 12338 | 12343 |
| GLS Auto Select Receivables Trust, Series 24-3A, Class B, 5.64% 8/15/2030 <sup>(c)(d)</sup>  | 2150 | 2206 |
| GLS Auto Select Receivables Trust, Series 24-3A, Class C, 5.92% 8/15/2030 <sup>(c)(d)</sup>  | 2500 | 2566 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class B, 4.50% 11/15/2030 <sup>(c)(d)</sup>  | 780 | 778 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class C, 5.26% 3/15/2031 <sup>(c)(d)</sup>  | 122 | 123 |
| GM Financial Automobile Leasing Trust, Series 2023-3, Class A3, 5.38% 11/20/2026 <sup>(c)</sup>  | 2133 | 2138 |

---

Short-Term Bond Fund of America — Page 7 of 35

------

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GM Financial Automobile Leasing Trust, Series 2024-2, Class A3, 5.39% 7/20/2027 <sup>(c)</sup>  | USD6,238 | $6292 |
| GM Financial Automobile Leasing Trust, Series 2023-3, Class A4, 5.44% 8/20/2027 <sup>(c)</sup>  | 1372 | 1378 |
| GM Financial Automobile Leasing Trust, Series 2025-2, Class A3, 4.58% 5/22/2028 <sup>(c)</sup>  | 1982 | 1991 |
| GM Financial Consumer Automobile Receivables Trust, Series 2023-3, Class A3, 5.45% 6/16/2028 <sup>(c)</sup>  | 7947 | 7998 |
| GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/2035 <sup>(c)(d)</sup>  | 2325 | 2403 |
| GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77% 8/11/2036 <sup>(c)(d)</sup>  | 6653 | 6926 |
| GM Financial Revolving Receivables Trust, Series 2024-2, Class A, 4.52% 3/11/2037 <sup>(c)(d)</sup>  | 6722 | 6717 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A3, 4.85% 12/18/2028 <sup>(c)</sup>  | 4964 | 4989 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A4, 4.86% 6/18/2029 <sup>(c)</sup>  | 2495 | 2524 |
| GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A1, 5.34% 6/15/2028 <sup>(c)(d)</sup>  | 16100 | 16232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners CLO, Ltd., Series 2021-57, Class A1, (3-month USD CME Term SOFR + 1.752%) <br>6.033% 10/25/2034 <sup>(c)(d)(e)</sup>  | 4000 | 4000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners CLO, Ltd., Series 2016-31A, Class A2RR, (3-month USD CME Term SOFR + 1.75%) <br>6.01% 11/5/2037 <sup>(c)(d)(e)</sup>  | 1000 | 992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital Partners Static, Ltd., CLO, Series 2024-1, Class A2, (3-month USD CME Term SOFR + 1.55%) <br> 5.819% 4/20/2033 <sup>(c)(d)(e)</sup>  | 935 | 935 |
| GreatAmerica Leasing Receivables, Series 2025-1, Class A2, 4.52% 10/15/2027 <sup>(c)(d)</sup>  | 8062 | 8056 |
| GreatAmerica Leasing Receivables, Series 2025-1, Class A3, 4.49% 4/16/2029 <sup>(c)(d)</sup>  | 4213 | 4211 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2023-1, Class B, 5.21% 3/15/2030 <sup>(c)(d)</sup>  | 500 | 506 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A2, 5.28% 3/15/2027 <sup>(c)(d)</sup>  | 2800 | 2811 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-1, Class A3, 4.98% 1/18/2028 <sup>(c)(d)</sup>  | 1710 | 1721 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 22-1, Class A4, 5.35% 7/16/2029 <sup>(c)(d)</sup>  | 9799 | 9878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GT Loan Financing, Ltd., Series 2013-1, Class AR, (3-month USD CME Term SOFR + 1.362%) 5.644% <br>7/28/2031 <sup>(c)(d)(e)</sup>  | 778 | 778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harbor Park CLO, Ltd., Series 2018-1, Class CR, (3-month USD CME Term SOFR + 2.05%) 6.319% <br>1/20/2031 <sup>(c)(d)(e)</sup>  | 2834 | 2838 |
| Hertz Vehicle Financing III, LLC, Series 2022-4A, Class A, 3.73% 9/25/2026 <sup>(c)(d)</sup>  | 17907 | 17872 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class A, 5.49% 6/25/2027 <sup>(c)(d)</sup>  | 19049 | 19152 |
| Hertz Vehicle Financing III, LLC, Series 2022-5A, Class A, 3.89% 9/25/2028 <sup>(c)(d)</sup>  | 3000 | 2940 |
| Hertz Vehicle Financing III, LLC, Series 2023-4, Class A, 6.15% 3/25/2030 <sup>(c)(d)</sup>  | 12980 | 13460 |
| Hertz Vehicle Financing, LLC, Series 2022-1A, Class A, 1.99% 6/25/2026 <sup>(c)(d)</sup>  | 1536 | 1533 |
| Hertz Vehicle Financing, LLC, Series 2023-1A, Class B, 6.22% 6/25/2027 <sup>(c)(d)</sup>  | 3340 | 3357 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(c)(d)</sup>  | 56849 | 54394 |
| Hertz Vehicle Financing, LLC, Series 2023-3A, Class A, 5.94% 2/25/2028 <sup>(c)(d)</sup>  | 17805 | 18083 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(c)(d)</sup>  | 21414 | 21694 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(c)(d)</sup>  | 14734 | 14716 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class A, 5.48% 1/27/2031 <sup>(c)(d)</sup>  | 12000 | 12149 |
| Honda Auto Receivables Owner Trust, Series 2023-1, Class A3, 5.04% 4/21/2027 <sup>(c)</sup>  | 3438 | 3445 |
| Honda Auto Receivables Owner Trust, Series 2023-3, Class A3, 5.41% 2/18/2028 <sup>(c)</sup>  | 3381 | 3403 |
| Honda Auto Receivables Owner Trust, Series 2024-2, Class A3, 5.27% 11/20/2028 <sup>(c)</sup>  | 1429 | 1445 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(c)(d)</sup>  | 567 | 556 |
| Huntington National Bank (The), Series 2024-2, Class B1, 5.442% 10/20/2032 <sup>(c)(d)</sup>  | 10851 | 10918 |
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A3, 5.02% 3/15/2027 <sup>(c)(d)</sup>  | 9596 | 9625 |
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A4, 5.07% 2/15/2028 <sup>(c)(d)</sup>  | 1425 | 1433 |
| Hyundai Auto Receivables Trust, Series 2024-A, Class A3, 4.99% 2/15/2029 <sup>(c)</sup>  | 5574 | 5618 |
| ICG US CLO, Ltd., Series 2014-2, Class ARR, (3-month USD CME Term SOFR + 1.292%) 5.548% 1/15/2031 <sup>(c)(d)(e)</sup>  | 37 | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO, Ltd., Series 2018-11, Class A2, (3-month USD CME Term SOFR + 1.962%) 6.203% <br>7/14/2031 <sup>(c)(d)(e)</sup>  | 2000 | 2007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO, Ltd., Series 2019-1, Class A1R, (3-month USD CME Term SOFR + 1.20%) 5.469% <br>4/20/2032 <sup>(c)(d)(e)</sup>  | 7798 | 7804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO, Ltd., Series 2019-1, Class BR, (3-month USD CME Term SOFR + 2.50%) 6.769% <br>4/20/2032 <sup>(c)(d)(e)</sup>  | 4000 | 4013 |
| John Deere Owner Trust, Series 2024-A, Class A3, 4.96% 11/15/2028 <sup>(c)</sup>  | 3689 | 3719 |
| John Deere Owner Trust, Series 2024-B, Class A3, 5.20% 3/15/2029 <sup>(c)</sup>  | 11723 | 11898 |

---

Short-Term Bond Fund of America — Page 8 of 35

------

**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Juniper Valley Park CLO, Ltd., Series 2023-1, Class AR, (3-month USD CME Term SOFR + 1.25%) 5.519% <br>7/20/2036 <sup>(c)(d)(e)</sup>  | USD16,975 | $16991 |
| KKR Financial CLO, Ltd., Series 11, Class AR, (3-month USD CME Term SOFR + 1.442%) 5.698% 1/15/2031 <sup>(c)(d)(e)</sup>  | 200 | 200 |
| KKR Financial CLO, Ltd., Series 21, Class A, (3-month USD CME Term SOFR + 1.262%) 5.518% 4/15/2031 <sup>(c)(d)(e)</sup>  | 467 | 467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KKR Financial CLO, Ltd., Series 16, Class A12R, (3-month USD CME Term SOFR + 1.472%) 5.741% <br>10/20/2034 <sup>(c)(d)(e)</sup>  | 735 | 737 |
| Kubota Credit Owner Trust, Series 2024-2, Class A2, 5.45% 4/15/2027 <sup>(c)(d)</sup>  | 3552 | 3569 |
| LAD Auto Receivables Trust, Series 2022-1, Class A, 5.21% 6/15/2027 <sup>(c)(d)</sup>  | 744 | 744 |
| LAD Auto Receivables Trust, Series 2023-1, Class A3, 5.48% 6/15/2027 <sup>(c)(d)</sup>  | 9879 | 9894 |
| LAD Auto Receivables Trust, Series 2023-2, Class A2, 5.93% 6/15/2027 <sup>(c)(d)</sup>  | 32 | 32 |
| LAD Auto Receivables Trust, Series 2022-1, Class B, 5.87% 9/15/2027 <sup>(c)(d)</sup>  | 642 | 645 |
| LAD Auto Receivables Trust, Series 2023-3, Class A3, 6.12% 9/15/2027 <sup>(c)(d)</sup>  | 11856 | 11891 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A2, 4.64% 11/15/2027 <sup>(c)(d)</sup>  | 7098 | 7097 |
| LAD Auto Receivables Trust, Series 2023-4, Class A3, 6.10% 12/15/2027 <sup>(c)(d)</sup>  | 9050 | 9087 |
| LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/2027 <sup>(c)(d)</sup>  | 339 | 342 |
| LAD Auto Receivables Trust, Series 2024-1, Class A3, 5.23% 1/18/2028 <sup>(c)(d)</sup>  | 6232 | 6245 |
| LAD Auto Receivables Trust, Series 2023-2, Class A3, 5.42% 2/15/2028 <sup>(c)(d)</sup>  | 4505 | 4515 |
| LAD Auto Receivables Trust, Series 2023-3, Class A4, 5.95% 3/15/2028 <sup>(c)(d)</sup>  | 12138 | 12238 |
| LAD Auto Receivables Trust, Series 2023-2, Class B, 5.45% 4/15/2028 <sup>(c)(d)</sup>  | 895 | 899 |
| LAD Auto Receivables Trust, Series 2024-2, Class A3, 5.61% 8/15/2028 <sup>(c)(d)</sup>  | 4185 | 4211 |
| LAD Auto Receivables Trust, Series 2024-1, Class A4, 5.17% 9/15/2028 <sup>(c)(d)</sup>  | 6414 | 6448 |
| LAD Auto Receivables Trust, Series 2023-2, Class C, 5.58% 9/15/2028 <sup>(c)(d)</sup>  | 1980 | 1998 |
| LAD Auto Receivables Trust, Series 2024-1, Class B, 5.33% 2/15/2029 <sup>(c)(d)</sup>  | 1470 | 1485 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52% 3/15/2029 <sup>(c)(d)</sup>  | 3273 | 3275 |
| LAD Auto Receivables Trust, Series 2024-2, Class A4, 5.46% 7/16/2029 <sup>(c)(d)</sup>  | 4612 | 4675 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A4, 4.60% 12/17/2029 <sup>(c)(d)</sup>  | 1408 | 1412 |
| LAD Auto Receivables Trust, Series 2024-3A, Class B, 4.74% 1/15/2030 <sup>(c)(d)</sup>  | 394 | 394 |
| LAD Auto Receivables Trust, Series 2024-3A, Class C, 4.93% 3/15/2030 <sup>(c)(d)</sup>  | 142 | 142 |
| LCM, LP, Series 2027, Class A1, (3-month USD CME Term SOFR + 1.342%) 5.602% 7/16/2031 <sup>(c)(d)(e)</sup>  | 1554 | 1555 |
| Lendbuzz Securitization Trust, Series 2025-1A, Class A2, 5.10% 10/15/2030 <sup>(c)(d)</sup>  | 6207 | 6221 |
| M&T Equipment Notes, Series 2024-1, Class A3, 4.76% 8/18/2031 <sup>(c)(d)</sup>  | 6103 | 6133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding, Ltd., CLO, Series 2017-23A, Class AR, (3-month USD CME Term SOFR + 1.232%) <br>5.514% 7/27/2031 <sup>(c)(d)(e)</sup>  | 384 | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding, Ltd., CLO, Series 2021-48A, Class A, (3-month USD CME Term SOFR + 1.412%) <br>5.681% 4/19/2033 <sup>(c)(d)(e)</sup>  | 908 | 909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnetite CLO, Ltd., Series 2019-22, Class ARR, (3-month USD CME Term SOFR + 1.25%) 5.506% <br>7/15/2036 <sup>(c)(d)(e)</sup>  | 2771 | 2774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marathon CLO, Ltd., Series 2019-2A, Class A1R2, (3-month USD CME Term SOFR + 0.95%) 5.219% <br>1/20/2033 <sup>(c)(d)(e)</sup>  | 14591 | 14524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO XIX, Ltd., Series 2020-3, Class CR, (3-month USD CME Term SOFR + 2.50%) 6.769% <br>1/19/2034 <sup>(c)(d)(e)</sup>  | 3000 | 3003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO, Ltd., Series 2019-1A, Class A1R2, (3-month USD CME Term SOFR + 1.04%) 5.319% <br>7/23/2032 <sup>(c)(d)(e)</sup>  | 17907 | 17890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO, Ltd., Series 2019-1A, Class BR2, (3-month USD CME Term SOFR + 1.60%) 5.879% <br>7/23/2032 <sup>(c)(d)(e)</sup>  | 1250 | 1252 |
| Mercedes-Benz Auto Lease Trust, Series 2024-A, Class A3, 5.32% 1/18/2028 <sup>(c)</sup>  | 4770 | 4823 |
| Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A3, 4.80% 4/16/2029 <sup>(c)</sup>  | 9895 | 9941 |
| Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A4, 4.79% 7/15/2031 <sup>(c)</sup>  | 4571 | 4602 |
| Merchants Fleet Funding, LLC, Series 2024-1, Class A, 5.82% 4/20/2037 <sup>(c)(d)</sup>  | 14886 | 14982 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A, 6.56% 7/20/2029 <sup>(c)(d)</sup>  | 11873 | 11977 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(c)(d)</sup>  | 16670 | 16814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monroe Capital MML CLO X, LLC, Series 2020-1, Class A1R, (3-month USD CME Term SOFR + 1.87%) <br>6.192% 5/20/2034 <sup>(c)(d)(e)</sup>  | 1800 | 1801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monroe Capital MML CLO XI, Ltd., Series 2021-2, Class A1, (3-month USD CME Term SOFR + 1.762%) <br>6.05% 9/14/2033 <sup>(c)(d)(e)</sup>  | 4000 | 3998 |

---

Short-Term Bond Fund of America — Page 9 of 35

------

**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| MP CLO III, Ltd., Series 2013-1, Class AR, (3-month USD CME Term SOFR + 1.512%) 5.781% 10/20/2030 <sup>(c)(d)(e)</sup>  | USD8 | $8 |
| Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/2069 <sup>(c)(d)</sup>  | 2350 | 2131 |
| Navient Student Loan Trust, Series 2020-DA, Class A, 1.69% 5/15/2069 <sup>(c)(d)</sup>  | 743 | 697 |
| Navient Student Loan Trust, Series 2021-B, Class A, 0.94% 7/15/2069 <sup>(c)(d)</sup>  | 1024 | 927 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(c)(d)</sup>  | 4141 | 3710 |
| Navient Student Loan Trust, Series 2021-EA, Class A, 0.97% 12/16/2069 <sup>(c)(d)</sup>  | 1914 | 1704 |
| Navient Student Loan Trust, Series 2021-FA, Class A, 1.11% 2/18/2070 <sup>(c)(d)</sup>  | 3805 | 3353 |
| Navient Student Loan Trust, Series 2021-G, Class A, 1.58% 4/15/2070 <sup>(c)(d)</sup>  | 8365 | 7523 |
| Nelnet Student Loan Trust, Series 2025-AA, Class A1A, 5.07% 3/15/2057 <sup>(c)(d)</sup>  | 9888 | 9877 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 <sup>(c)(d)</sup>  | 9086 | 8460 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(c)(d)</sup>  | 7143 | 6659 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(c)(d)</sup>  | 14271 | 13300 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(c)(d)</sup>  | 50385 | 47325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD CME Term SOFR + 1.232%) 5.513% <br>7/25/2030 <sup>(c)(d)(e)</sup>  | 2391 | 2392 |
| NMEF Funding, LLC, Series 2023-A, Class A2, 6.57% 6/17/2030 <sup>(c)(d)</sup>  | 1303 | 1312 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(c)(d)</sup>  | 16672 | 16725 |
| NMEF Funding, LLC, Series 2025-A, Class A2, 4.72% 7/15/2032 <sup>(c)(d)</sup>  | 12733 | 12720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Hill Credit Partners, CLO, Series 2023-15, Class B1, (3-month USD CME Term SOFR + 2.50%) 6.769% <br> 4/20/2035 <sup>(c)(d)(e)</sup>  | 3000 | 3004 |
| OCP CLO, Ltd., Series 2019-16A, Class AR, (3-month USD CME Term SOFR + 1.262%) 5.472% 4/10/2033 <sup>(c)(d)(e)</sup>  | 2825 | 2829 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031 <sup>(c)(d)</sup>  | 9128 | 9217 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(c)(d)</sup>  | 6093 | 6041 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032 <sup>(c)(d)</sup>  | 5480 | 5429 |
| Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/2031 <sup>(c)(d)</sup>  | 3456 | 3367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, CLO, Series 2021-4A, Class A1, (3-month USD CME Term SOFR + 1.062%) <br>5.318% 10/15/2029 <sup>(c)(d)(e)</sup>  | 1353 | 1353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, CLO, Series 2021-4A, Class A2, (3-month USD CME Term SOFR + 1.662%) <br>5.918% 10/15/2029 <sup>(c)(d)(e)</sup>  | 4278 | 4282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, CLO, Series 2022-1A, Class A1, (3-month USD CME Term SOFR + 1.05%) <br>5.306% 4/15/2030 <sup>(c)(d)(e)</sup>  | 969 | 969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ltd., Series 2022-4A, Class A1RN, (3-month USD CME Term SOFR + 1.00%) <br>5.275% 7/24/2031 <sup>(c)(d)(e)</sup>  | 4871 | 4873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ltd., Series 2024-2A, Class A1N, (3-month USD CME Term SOFR + 1.00%) <br>5.256% 1/15/2033 <sup>(c)(d)(e)</sup>  | 2948 | 2943 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A1, 4.592% 2/20/2026 <sup>(c)(d)</sup>  | 5432 | 5431 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A2, 4.74% 4/20/2027 <sup>(c)(d)</sup>  | 14866 | 14862 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027 <sup>(c)(d)</sup>  | 16462 | 16574 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(c)(d)</sup>  | 6854 | 6868 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A3, 5.64% 11/20/2030 <sup>(c)(d)</sup>  | 9000 | 9205 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A3, 4.65% 10/20/2031 <sup>(c)(d)</sup>  | 1463 | 1464 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A3, 5.04% 7/20/2032 <sup>(c)(d)</sup>  | 2000 | 2018 |
| PFS Financing Corp., Series 2022-D, Class A, 4.27% 8/16/2027 <sup>(c)(d)</sup>  | 5455 | 5451 |
| PFS Financing Corp., Series 2023-D, Class A, (30-day Average USD-SOFR + 1.15%) 5.482% 8/16/2027 <sup>(c)(d)(e)</sup>  | 3590 | 3595 |
| PFS Financing Corp., Series 2023-A, Class A, 5.80% 3/15/2028 <sup>(c)(d)</sup>  | 10653 | 10753 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(c)(d)</sup>  | 7722 | 7777 |
| PFS Financing Corp., Series 2024-F, Class A, 4.75% 8/15/2029 <sup>(c)(d)</sup>  | 7918 | 7964 |
| PG&E Recovery Funding, LLC, Series 2024-A, Class A1, 4.838% 6/1/2033 <sup>(c)</sup>  | 4801 | 4813 |
| Pikes Peak CLO, Series 2023-14, Class A1, (3-month USD CME Term SOFR + 1.95%) 6.219% 4/20/2036 <sup>(c)(d)(e)</sup>  | 3000 | 3003 |
| PK ALIFT Loan Funding 4 LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(c)(d)</sup>  | 4435 | 4407 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039 <sup>(c)(d)</sup>  | 3606 | 3641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PK ALIFT Loan Funding 3, LP, Series 2024-1, Class AF, (1-month USD CME Term SOFR + 0%) 6.029% <br>9/15/2039 <sup>(c)(d)(e)</sup>  | 1284 | 1286 |
| Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A2A, 4.47% 12/21/2026 <sup>(c)(d)</sup>  | 14359 | 14354 |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A2A, 4.84% 1/20/2027 <sup>(c)(d)</sup>  | 1979 | 1980 |

---

Short-Term Bond Fund of America — Page 10 of 35

------

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---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A3, 4.67% 11/22/2027 <sup>(c)(d)</sup>  | USD4,582 | $4593 |
| Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A4, 4.26% 9/20/2030 <sup>(c)(d)</sup>  | 2634 | 2626 |
| Post Road Equipment Finance, Series 2025-1A, Class A2, 4.90% 5/15/2031 <sup>(c)(d)</sup>  | 3399 | 3412 |
| PPM CLO 2, Ltd., Series 2019-2, Class CR2, (3-month USD CME Term SOFR + 2.80%) 7.061% 4/16/2037 <sup>(c)(d)(e)</sup>  | 3000 | 3012 |
| Prestige Auto Receivables Trust, Series 2023-2, Class A2, 6.24% 1/15/2027 <sup>(c)(d)</sup>  | 205 | 205 |
| Prestige Auto Receivables Trust, Series 2024-2, Class A2, 4.72% 2/15/2028 <sup>(c)(d)</sup>  | 13080 | 13076 |
| Prestige Auto Receivables Trust, Series 2024-1, Class B, 5.71% 5/15/2028 <sup>(c)(d)</sup>  | 1060 | 1064 |
| Prestige Auto Receivables Trust, Series 2024-2, Class B, 4.56% 2/15/2029 <sup>(c)(d)</sup>  | 515 | 513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prodigy Finance Designated Activity Co., Series 2021-1A, Class A, (1-month USD CME Term SOFR + 1.364%) <br>5.689% 7/25/2051 <sup>(c)(d)(e)</sup>  | 438 | 438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Race Point CLO, Ltd., Series 2015-9A, Class A1A2, (3-month USD CME Term SOFR + 1.202%) 5.458% <br>10/15/2030 <sup>(c)(d)(e)</sup>  | 3485 | 3485 |
| Rad CLO, Ltd., Series 2019-5, Class AR, (3-month USD CME Term SOFR + 1.382%) 5.657% 7/24/2032 <sup>(c)(d)(e)</sup>  | 366 | 367 |
| Rad CLO, Ltd., Series 2019-4, Class CR, (3-month USD CME Term SOFR + 2.20%) 6.482% 4/25/2032 <sup>(c)(d)(e)</sup>  | 1050 | 1055 |
| Reach Financial, LLC, Series 2024-2, Class A, 5.88% 7/15/2031 <sup>(c)(d)</sup>  | 4573 | 4584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regatta XIV Funding, Ltd., CLO, Series 2018-3A, Class AR, (3-month USD CME Term SOFR + 1.10%) 5.382% <br> 10/25/2031 <sup>(c)(d)(e)</sup>  | 8334 | 8336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regatta XIV Funding, Ltd., CLO, Series 2018-3A, Class BR, (3-month USD CME Term SOFR + 1.50%) 5.782% <br> 10/25/2031 <sup>(c)(d)(e)</sup>  | 4428 | 4428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regatta XXIII Funding, Ltd., Series 2021-4, Class A1, (3-month USD CME Term SOFR + 1.412%) 5.681% <br> 1/20/2035 <sup>(c)(d)(e)</sup>  | 550 | 551 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class A, 5.38% 11/25/2030 <sup>(c)(d)</sup>  | 1489 | 1490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower CLO, Ltd., Series 2017-3, Class A, (3-month USD CME Term SOFR + 1.452%) 5.721% <br>10/20/2030 <sup>(c)(d)(e)</sup>  | 368 | 368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower CLO, Ltd., Series 2018-1, Class A, (3-month USD CME Term SOFR + 1.362%) 5.684% <br>5/20/2031 <sup>(c)(d)(e)</sup>  | 192 | 192 |
| Santander Drive Auto Receivables Trust, Series 2022-6, Class B, 4.72% 6/15/2027 <sup>(c)</sup>  | 269 | 269 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class A2, 5.91% 6/15/2027 <sup>(c)</sup>  | 1168 | 1170 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class A2, 5.41% 7/15/2027 <sup>(c)</sup>  | 6682 | 6689 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class A2, 4.88% 9/15/2027 <sup>(c)</sup>  | 6583 | 6583 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class A2, 5.80% 9/15/2027 <sup>(c)</sup>  | 2342 | 2345 |
| Santander Drive Auto Receivables Trust, Series 2022-4, Class B, 4.42% 11/15/2027 <sup>(c)</sup>  | 1813 | 1812 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/2028 <sup>(c)</sup>  | 1199 | 1203 |
| Santander Drive Auto Receivables Trust, Series 2023-1, Class B, 4.98% 2/15/2028 <sup>(c)</sup>  | 2663 | 2664 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.25% 4/17/2028 <sup>(c)</sup>  | 5087 | 5095 |
| Santander Drive Auto Receivables Trust, Series 2025-2, Class A2, 4.71% 6/15/2028 <sup>(c)</sup>  | 4062 | 4063 |
| Santander Drive Auto Receivables Trust, Series 2023-3, Class B, 5.61% 7/17/2028 <sup>(c)</sup>  | 1152 | 1159 |
| Santander Drive Auto Receivables Trust, Series 2023-6, Class A3, 5.93% 7/17/2028 <sup>(c)</sup>  | 2810 | 2825 |
| Santander Drive Auto Receivables Trust, Series 2023-5, Class A3, 6.02% 9/15/2028 <sup>(c)</sup>  | 2473 | 2484 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/16/2028 <sup>(c)</sup>  | 8698 | 8695 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class A3, 4.62% 11/15/2028 <sup>(c)</sup>  | 7280 | 7278 |
| Santander Drive Auto Receivables Trust, Series 2022-6, Class C, 4.96% 11/15/2028 <sup>(c)</sup>  | 4994 | 4996 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class A3, 5.63% 11/15/2028 <sup>(c)</sup>  | 16960 | 17050 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class B, 5.23% 12/15/2028 <sup>(c)</sup>  | 3718 | 3734 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class A3, 4.85% 1/16/2029 <sup>(c)</sup>  | 1649 | 1652 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class A3, 5.63% 1/16/2029 <sup>(c)</sup>  | 7726 | 7777 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class B, 5.78% 7/16/2029 <sup>(c)</sup>  | 7586 | 7691 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class B, 4.93% 9/17/2029 <sup>(c)</sup>  | 917 | 922 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class B, 5.55% 9/17/2029 <sup>(c)</sup>  | 7975 | 8064 |
| Santander Drive Auto Receivables Trust, Series 2023-1, Class C, 5.09% 5/15/2030 <sup>(c)</sup>  | 8843 | 8887 |
| Santander Drive Auto Receivables Trust, Series 2023-3, Class C, 5.77% 11/15/2030 <sup>(c)</sup>  | 902 | 915 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/2031 <sup>(c)</sup>  | 961 | 983 |
| SBNA Auto Lease Trust, Series 2024-C, Class A2, 4.94% 11/20/2026 <sup>(c)(d)</sup>  | 766 | 767 |
| SBNA Auto Lease Trust, Series 2024-A, Class A3, 5.39% 11/20/2026 <sup>(c)(d)</sup>  | 8670 | 8688 |
| SBNA Auto Lease Trust, Series 2024-B, Class A2, 5.67% 11/20/2026 <sup>(c)(d)</sup>  | 1369 | 1371 |

---

Short-Term Bond Fund of America — Page 11 of 35

------

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| SBNA Auto Lease Trust, Series 2024-B, Class A3, 5.56% 11/22/2027 <sup>(c)(d)</sup>  | USD3,490 | $3520 |
| SBNA Auto Lease Trust, Series 2024-C, Class A3, 4.56% 2/22/2028 <sup>(c)(d)</sup>  | 2341 | 2340 |
| SCF Equipment Leasing, LLC, Series 2024-1A, Class A2, 5.88% 11/20/2029 <sup>(c)(d)</sup>  | 2640 | 2658 |
| SCF Equipment Leasing, LLC, Series 2024-1A, Class A3, 5.52% 1/20/2032 <sup>(c)(d)</sup>  | 20230 | 20741 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class A2, 4.82% 7/22/2030 <sup>(c)(d)</sup>  | 7332 | 7344 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class A3, 5.11% 11/21/2033 <sup>(c)(d)</sup>  | 2972 | 3014 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031 <sup>(c)(d)</sup>  | 1104 | 1109 |
| SFS Auto Receivables Securitization Trust, Series 2024-1, Class A2, 5.35% 6/21/2027 <sup>(c)(d)</sup>  | 138 | 138 |
| SFS Auto Receivables Securitization Trust, Series 2025-1A, Class A2, 4.65% 5/22/2028 <sup>(c)(d)</sup>  | 1477 | 1477 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A2, 4.71% 5/22/2028 <sup>(c)(d)</sup>  | 11174 | 11172 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A3, 4.55% 6/20/2030 <sup>(c)(d)</sup>  | 10864 | 10885 |
| SLAM, LLC, Series 2024-1A, Class A, 5.335% 9/15/2049 <sup>(c)(d)</sup>  | 454 | 446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SMB Private Education Loan Trust, Series 2023-C, Class A1B, (30-day Average USD-SOFR + 1.55%) 5.882% <br>11/15/2052 <sup>(c)(d)(e)</sup>  | 953 | 963 |
| SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053 <sup>(c)(d)</sup>  | 1306 | 1152 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054 <sup>(c)(d)</sup>  | 6362 | 6397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2013-3R, Class A, (3-month USD CME Term SOFR + 1.412%) 5.681% <br>4/18/2031 <sup>(c)(d)(e)</sup>  | 166 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2013-3R, Class C, (3-month USD CME Term SOFR + 2.512%) 6.781% <br>4/18/2031 <sup>(c)(d)(e)</sup>  | 1200 | 1206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sound Point CLO, Ltd., Series 2014-1R, Class A, (3-month USD CME Term SOFR + 1.412%) 5.681% <br>7/18/2031 <sup>(c)(d)(e)</sup>  | 3577 | 3581 |
| Space Coast Credit Union, Series 2024-1, Class A3, 5.11% 6/15/2029 <sup>(c)(d)</sup>  | 3183 | 3200 |
| SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/2046 <sup>(c)(d)</sup>  | 5029 | 4828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-1A, Class ARR, (3-month USD CME Term SOFR + 1.04%) 5.296% <br>4/15/2032 <sup>(c)(d)(e)</sup>  | 21142 | 21141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Steele Creek CLO, Ltd., Series 2019-2A, Class ARR, (3-month USD CME Term SOFR + 1.00%) 5.256% <br>7/15/2032 <sup>(c)(d)(e)</sup>  | 20381 | 20380 |
| Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-AA, Class A2, 4.63% 7/20/2027 <sup>(c)(d)</sup>  | 5000 | 5003 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033 <sup>(c)(d)</sup>  | 1516 | 1449 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075 <sup>(c)(d)</sup>  | 7195 | 6930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sycamore Tree CLO, Ltd., Series 2024-5, Class A1, (3-month USD CME Term SOFR + 1.42%) 5.689% <br>4/20/2036 <sup>(c)(d)(e)</sup>  | 14000 | 14032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sycamore Tree CLO, Ltd., Series 2024-5, Class C, (3-month USD CME Term SOFR + 2.75%) 7.019% <br>4/20/2036 <sup>(c)(d)(e)</sup>  | 2667 | 2670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sycamore Tree CLO, Ltd., Series 2023-4, Class C, (3-month USD CME Term SOFR + 3.70%) 7.969% <br>10/20/2036 <sup>(c)(d)(e)</sup>  | 1500 | 1507 |
| Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(c)</sup>  | 5633 | 5700 |
| Synchrony Card Issuance Trust, Series 2023-A2, Class A, 5.74% 10/15/2029 <sup>(c)</sup>  | 3984 | 4055 |
| Synchrony Card Issuance Trust, Series 2024-A2, Class A, 4.93% 7/15/2030 <sup>(c)</sup>  | 8978 | 9097 |
| Synchrony Card Issuance Trust, Series 2025-A1, Class A, 4.78% 2/18/2031 <sup>(c)</sup>  | 10391 | 10509 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(c)(d)</sup>  | 7204 | 6758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TCI-Flatiron CLO, Ltd., Series 2016-1A, Class AR3, (3-month USD CME Term SOFR + 1.10%) 5.38% <br>1/17/2032 <sup>(c)(d)(e)</sup>  | 92 | 92 |
| TCW CLO, Ltd., Series 2019-1A, Class AJR, (3-month USD CME Term SOFR + 1.609%) 5.934% 8/16/2034 <sup>(c)(d)(e)</sup>  | 1000 | 1002 |
| Textainer Marine Containers, Ltd., Series 2020-1A, Class A, 2.73% 8/21/2045 <sup>(c)(d)</sup>  | 3606 | 3444 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045 <sup>(c)(d)</sup>  | 4608 | 4279 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class A, 1.68% 2/20/2046 <sup>(c)(d)</sup>  | 9830 | 9002 |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/2046 <sup>(c)(d)</sup>  | 10010 | 9212 |
| The Huntington National Bank, Series 2025-1, Class B, 4.957% 3/21/2033 <sup>(c)(d)</sup>  | 23777 | 23732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thompson Park CLO, Ltd., Series 2021-1A, Class A1R, (3-month USD CME Term SOFR + 1.05%) 5.306% <br>4/15/2034 <sup>(c)(d)(e)</sup>  | 23898 | 23870 |
| TICP CLO, Ltd., Series 2018-12, Class AR, (3-month USD CME Term SOFR + 1.432%) 5.688% 7/15/2034 <sup>(c)(d)(e)</sup>  | 2000 | 2004 |
| TIF Funding II, LLC, Series 2021-1A, Class A, 1.65% 2/20/2046 <sup>(c)(d)</sup>  | 12570 | 11239 |
| T-Mobile US Trust, Series 2024-1, Class A, 5.05% 9/20/2029 <sup>(c)(d)</sup>  | 14656 | 14760 |

---

Short-Term Bond Fund of America — Page 12 of 35

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Toyota Auto Receivables Owner Trust, Series 2023-A, Class A3, 4.63% 9/15/2027 <sup>(c)</sup>  | USD8,617 | $8620 |
| Toyota Auto Receivables Owner Trust, Series 2023-C, Class A3, 5.16% 4/17/2028 <sup>(c)</sup>  | 6004 | 6036 |
| Toyota Auto Receivables Owner Trust, Series 2024-A, Class A3, 4.83% 10/16/2028 <sup>(c)</sup>  | 8021 | 8061 |
| Toyota Auto Receivables Owner Trust, Series 2024-A, Class A4, 4.77% 4/16/2029 <sup>(c)</sup>  | 3293 | 3321 |
| Toyota Lease Owner Trust, Series 2024-B, Class A2A, 4.31% 2/22/2027 <sup>(c)(d)</sup>  | 24624 | 24575 |
| Tralee CLO, Ltd., Series 18-5A, Class C1RR, 6.269% 10/20/2034 <sup>(c)(d)(e)</sup>  | 3150 | 3126 |
| Tricolor Auto Securitization Trust, Series 2025-1A, Class A, 4.94% 2/15/2029 <sup>(c)(d)</sup>  | 19560 | 19549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinitas CLO, Ltd., Series 2018-9A, Class ARRR, (3-month USD CME Term SOFR + 1.20%) 5.469% <br>1/20/2032 <sup>(c)(d)(e)</sup>  | 4914 | 4915 |
| Trinitas CLO, Ltd., Series 2020-12, Class A1R, (3-month USD CME Term SOFR + 1.37%) 5.652% 4/25/2033 <sup>(c)(d)(e)</sup>  | 1628 | 1630 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(c)(d)</sup>  | 11560 | 10669 |
| Triton Container Finance VIII, LLC, Series 2021-1, Class A, 1.86% 3/20/2046 <sup>(c)(d)</sup>  | 3923 | 3552 |
| U.S. Bank National Association, Series 2025-SUP1, Class B, 5.582% 2/25/2032 <sup>(c)(d)</sup>  | 7441 | 7427 |
| United Auto Credit Securitization Trust, Series 2025-1, Class A, 4.80% 6/10/2027 <sup>(c)(d)</sup>  | 20439 | 20437 |
| United Auto Credit Securitization Trust, Series 2025-1, Class B, 5.05% 2/10/2028 <sup>(c)(d)</sup>  | 10079 | 10052 |
| United Auto Credit Securitization Trust, Series 2025-1, Class C, 5.15% 6/10/2030 <sup>(c)(d)</sup>  | 1327 | 1322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valley Stream Park CLO, Ltd., Series 2022-1A, Class ARR, (3-month USD CME Term SOFR + 1.19%) 5.459% <br>1/20/2037 <sup>(c)(d)(e)</sup>  | 8000 | 8000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture CDO, Ltd., CLO, Series 2017-29, Class AR, (3-month USD CME Term SOFR + 1.252%) 5.578% <br>9/7/2030 <sup>(c)(d)(e)</sup>  | 966 | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture CDO, Ltd., CLO, Series 2018-32, Class A2A, (3-month USD CME Term SOFR + 1.332%) 5.601% <br>7/18/2031 <sup>(c)(d)(e)</sup>  | 1827 | 1828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture CDO, Ltd., CLO, Series 2019-36A, Class A1AR, (3-month USD CME Term SOFR + 1.13%) 5.661% <br>4/20/2032 <sup>(c)(d)(e)</sup>  | 4856 | 4861 |
| Verdant Receivables, LLC, Series 2025-1A, Class A2, 4.85% 3/13/2028 <sup>(c)(d)</sup>  | 10202 | 10213 |
| Verdant Receivables, LLC, Series 2023-1A, Class A2, 6.24% 1/13/2031 <sup>(c)(d)</sup>  | 7675 | 7795 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031 <sup>(c)(d)</sup>  | 5037 | 5110 |
| Verdant Receivables, LLC, Series 2025-1A, Class A3, 4.96% 5/12/2033 <sup>(c)(d)</sup>  | 11438 | 11471 |
| Verizon Master Trust, Series 2024-1, Class A1A, 5.00% 12/20/2028 <sup>(c)</sup>  | 8983 | 9004 |
| Verizon Master Trust, Series 2022-6, Class A, 3.67% 1/22/2029 (4.42% on 8/20/2025) <sup>(c)(f)</sup>  | 13957 | 13941 |
| Verizon Master Trust, Series 2023-1, Class A, 4.49% 1/22/2029 (5.24% on 1/20/2026) <sup>(c)(f)</sup>  | 14221 | 14216 |
| Verizon Master Trust, Series 2025-3, Class A1A, 4.51% 3/20/2030 (5. 26.00% on 11/20/2027) <sup>(c)(f)</sup>  | 9867 | 9892 |
| Verizon Master Trust, Series 2024-3, Class A1A, 5.34% 4/22/2030 <sup>(c)</sup>  | 10895 | 11105 |
| Verizon Master Trust, Series 2024-6, Class A1A, 4.17% 8/20/2030 <sup>(c)</sup>  | 10364 | 10314 |
| Verizon Master Trust, Series 2024-2, Class A, 4.83% 12/22/2031 <sup>(c)(d)</sup>  | 3475 | 3530 |
| Verizon Master Trust, Series 24-5, Class A, 5.00% 6/21/2032 <sup>(c)(d)</sup>  | 2919 | 2978 |
| Vibrant CLO, Ltd., Series 2018-9RA, Class B, (3-month USD CME Term SOFR + 1.60%) 5.919% 4/20/2037 <sup>(c)(d)(e)</sup>  | 3857 | 3842 |
| Volvo Financial Equipment, LLC, Series 2024-1A, Class A2, 4.56% 5/17/2027 <sup>(c)(d)</sup>  | 1930 | 1930 |
| Volvo Financial Equipment, LLC, Series 2025-1A, Class A2, 4.41% 11/15/2027 <sup>(c)(d)</sup>  | 4090 | 4086 |
| Voya CLO, Ltd., Series 2018-3, Class A1R2, (3-month USD CME Term SOFR + 1.20%) 5.456% 10/15/2031 <sup>(c)(d)(e)</sup>  | 6729 | 6730 |
| Voya CLO, Ltd., Series 2018-3, Class CR2, (3-month USD CME Term SOFR + 2.35%) 6.606% 10/15/2031 <sup>(c)(d)(e)</sup>  | 3000 | 3014 |
| VStrong Auto Receivables Trust, Series 2024-A, Class A2, 5.79% 8/16/2027 <sup>(c)(d)</sup>  | 1071 | 1073 |
| VStrong Auto Receivables Trust, Series 2024-A, Class A3, 5.62% 12/15/2028 <sup>(c)(d)</sup>  | 790 | 795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wellfleet CLO, Ltd., Series 2018-2A, Class BR, (3-month USD CME Term SOFR + 1.85%) 6.119% <br>10/20/2031 <sup>(c)(d)(e)</sup>  | 1944 | 1950 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class A2A, 5.62% 3/15/2027 <sup>(c)(d)</sup>  | 1037 | 1038 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class A3, 5.44% 5/17/2027 <sup>(c)(d)</sup>  | 4346 | 4356 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class A3, 5.82% 5/17/2027 <sup>(c)(d)</sup>  | 11293 | 11325 |
| Westlake Automobile Receivables Trust, Series 2023-4, Class A3, 6.24% 7/15/2027 <sup>(c)(d)</sup>  | 17755 | 17874 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A2A, 4.82% 9/15/2027 <sup>(c)(d)</sup>  | 12058 | 12062 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class B, 5.55% 11/15/2027 <sup>(c)(d)</sup>  | 3739 | 3756 |
| Westlake Automobile Receivables Trust, Series 2022-3, Class B, 5.99% 12/15/2027 <sup>(c)(d)</sup>  | 2200 | 2201 |
| Westlake Automobile Receivables Trust, Series 2022-3, Class C, 6.44% 12/15/2027 <sup>(c)(d)</sup>  | 1863 | 1874 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class A2A, 4.66% 1/18/2028 <sup>(c)(d)</sup>  | 18000 | 17998 |
| Westlake Automobile Receivables Trust, Series 2023-1, Class A3, 5.21% 1/18/2028 <sup>(c)(d)</sup>  | 98 | 98 |

---

Short-Term Bond Fund of America — Page 13 of 35

------

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---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Asset-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Westlake Automobile Receivables Trust, Series 2023-1, Class B, 5.41% 1/18/2028 <sup>(c)(d)</sup>  | USD1,771 | $1773 |
| Westlake Automobile Receivables Trust, Series 2025-P1, Class A2, 4.65% 2/15/2028 <sup>(c)(d)</sup>  | 4702 | 4706 |
| Westlake Automobile Receivables Trust, Series 2024-2, Class A3, 5.56% 2/15/2028 <sup>(c)(d)</sup>  | 2492 | 2506 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A3, 4.71% 4/17/2028 <sup>(c)(d)</sup>  | 3749 | 3749 |
| Westlake Automobile Receivables Trust, Series 2023-1, Class C, 5.74% 8/15/2028 <sup>(c)(d)</sup>  | 686 | 691 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class C, 5.65% 2/15/2029 <sup>(c)(d)</sup>  | 2617 | 2638 |
| Westlake Automobile Receivables Trust, Series 2024-2, Class B, 5.62% 3/15/2030 <sup>(c)(d)</sup>  | 2775 | 2798 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class B, 4.98% 9/16/2030 <sup>(c)(d)</sup>  | 388 | 390 |
| Westlake Flooring Master Trust, Series 2024-1, Class A, 5.43% 2/15/2028 <sup>(c)(d)</sup>  | 1341 | 1347 |
| Wheels Fleet Lease Funding, LLC, Series 24-2A, Class A1, 4.87% 6/21/2039 <sup>(c)(d)</sup>  | 13821 | 13866 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039 <sup>(c)(d)</sup>  | 11244 | 11267 |
| Wind River CLO, Ltd., Series 2018-1, Class B, (3-month USD CME Term SOFR + 1.912%) 6.168% 7/15/2030 <sup>(c)(d)(e)</sup>  | 250 | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wind River CLO, Ltd., Series 2015-1A, Class A1R3, (3-month USD CME Term SOFR + 1.20%) 5.469% <br>10/20/2030 <sup>(c)(d)(e)</sup>  | 3306 | 3306 |
| Wind River CLO, Ltd., Series 2023-1, Class C1, (3-month USD CME Term SOFR + 3.50%) 7.782% 4/25/2036 <sup>(c)(d)(e)</sup>  | 500 | 502 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(c)(d)</sup>  | 5070 | 5067 |
| World Financial Network Credit Card Master Trust, Series 2023-A, Class A, 5.02% 3/15/2030 <sup>(c)</sup>  | 5276 | 5302 |
| World Financial Network Credit Card Master Trust, Series 2024-A, Class A, 5.47% 2/17/2031 <sup>(c)</sup>  | 5394 | 5504 |
| World Financial Network Credit Card Master Trust, Series 2024-B, Class A, 4.62% 5/15/2031 <sup>(c)</sup>  | 15181 | 15259 |
| World OMNI Select Auto Trust, Series 2024-A, Class A2A, 5.37% 2/15/2028 <sup>(c)</sup>  | 4745 | 4757 |
|  |  | 3325155 |
| **Mortgage-backed obligations 25.87%**<br> **Federal agency mortgage-backed obligations 12.67%**<br>|  |  |
| Fannie Mae Pool #555538 6.443% 5/1/2033 <sup>(c)(e)</sup>  | 100 | 102 |
| Fannie Mae Pool #555538 6.443% 5/1/2033 <sup>(c)(e)</sup>  | 213 | 219 |
| Fannie Mae Pool #889579 6.00% 5/1/2038 <sup>(c)</sup>  | 765 | 798 |
| Fannie Mae Pool #AL0095 6.00% 7/1/2038 <sup>(c)</sup>  | 27 | 28 |
| Fannie Mae Pool #889983 6.00% 10/1/2038 <sup>(c)</sup>  | 312 | 325 |
| Fannie Mae Pool #MA5477 6.00% 9/1/2039 <sup>(c)</sup>  | 3738 | 3829 |
| Fannie Mae Pool #AI8806 5.00% 8/1/2041 <sup>(c)</sup>  | 453 | 454 |
| Fannie Mae Pool #AB9584 3.50% 6/1/2043 <sup>(c)</sup>  | 3 | 3 |
| Fannie Mae Pool #BK2010 4.00% 4/1/2048 <sup>(c)</sup>  | 11 | 10 |
| Fannie Mae Pool #BK5305 4.00% 6/1/2048 <sup>(c)</sup>  | 6 | 6 |
| Fannie Mae Pool #BX1762 5.50% 11/1/2052 <sup>(c)</sup>  | 34 | 34 |
| Fannie Mae Pool #MA4842 5.50% 12/1/2052 <sup>(c)</sup>  | 2965 | 2944 |
| Fannie Mae Pool #MA4894 6.00% 1/1/2053 <sup>(c)</sup>  | 1249 | 1266 |
| Fannie Mae Pool #BX5666 6.00% 1/1/2053 <sup>(c)</sup>  | 74 | 75 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(c)</sup>  | 513 | 509 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(c)</sup>  | 1144 | 1141 |
| Fannie Mae Pool #MA4942 6.00% 3/1/2053 <sup>(c)</sup>  | 357 | 362 |
| Fannie Mae Pool #MA4979 5.50% 4/1/2053 <sup>(c)</sup>  | 3558 | 3531 |
| Fannie Mae Pool #MA4980 6.00% 4/1/2053 <sup>(c)</sup>  | 49 | 50 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(c)</sup>  | 1249 | 1214 |
| Fannie Mae Pool #FS4840 5.50% 5/1/2053 <sup>(c)</sup>  | 258 | 256 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(c)</sup>  | 85 | 84 |
| Fannie Mae Pool #FS5192 5.50% 6/1/2053 <sup>(c)</sup>  | 1328 | 1316 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(c)</sup>  | 885 | 878 |
| Fannie Mae Pool #CB6491 6.50% 6/1/2053 <sup>(c)</sup>  | 5457 | 5655 |
| Fannie Mae Pool #CB6490 6.50% 6/1/2053 <sup>(c)</sup>  | 1971 | 2033 |
| Fannie Mae Pool #CB6468 6.50% 6/1/2053 <sup>(c)</sup>  | 1413 | 1458 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(c)</sup>  | 521 | 517 |
| Fannie Mae Pool #MA5073 6.00% 7/1/2053 <sup>(c)</sup>  | 794 | 804 |
| Fannie Mae Pool #CB6768 6.50% 7/1/2053 <sup>(c)</sup>  | 2241 | 2313 |
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(c)</sup>  | 1554 | 1572 |

---

Short-Term Bond Fund of America — Page 14 of 35

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #MA5165 5.50% 10/1/2053 <sup>(c)</sup>  | USD5 | $5 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(c)</sup>  | 17996 | 18206 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(c)</sup>  | 1489 | 1477 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(c)</sup>  | 21676 | 21929 |
| Fannie Mae Pool #CB7426 6.50% 11/1/2053 <sup>(c)</sup>  | 17120 | 17667 |
| Fannie Mae Pool #CB7626 6.50% 12/1/2053 <sup>(c)</sup>  | 6220 | 6426 |
| Fannie Mae Pool #DA4639 6.50% 12/1/2053 <sup>(c)</sup>  | 9 | 9 |
| Fannie Mae Pool #MA5218 7.00% 12/1/2053 <sup>(c)</sup>  | 2315 | 2418 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(c)</sup>  | 21243 | 21844 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(c)</sup>  | 8413 | 8700 |
| Fannie Mae Pool #MA5249 7.00% 1/1/2054 <sup>(c)</sup>  | 1000 | 1044 |
| Fannie Mae Pool #MA5271 5.50% 2/1/2054 <sup>(c)</sup>  | 320 | 317 |
| Fannie Mae Pool #FS6809 5.50% 2/1/2054 <sup>(c)</sup>  | 152 | 151 |
| Fannie Mae Pool #CB7932 6.00% 2/1/2054 <sup>(c)</sup>  | 21033 | 21311 |
| Fannie Mae Pool #FS7031 6.00% 2/1/2054 <sup>(c)</sup>  | 1811 | 1842 |
| Fannie Mae Pool #FS7503 6.00% 2/1/2054 <sup>(c)</sup>  | 1478 | 1494 |
| Fannie Mae Pool #CB7933 6.50% 2/1/2054 <sup>(c)</sup>  | 5182 | 5332 |
| Fannie Mae Pool #MA5274 7.00% 2/1/2054 <sup>(c)</sup>  | 9356 | 9771 |
| Fannie Mae Pool #CB8151 5.50% 3/1/2054 <sup>(c)</sup>  | 3044 | 3019 |
| Fannie Mae Pool #MA5296 5.50% 3/1/2054 <sup>(c)</sup>  | 169 | 168 |
| Fannie Mae Pool #FS7507 6.00% 3/1/2054 <sup>(c)</sup>  | 12991 | 13214 |
| Fannie Mae Pool #CB8163 6.00% 3/1/2054 <sup>(c)</sup>  | 12259 | 12470 |
| Fannie Mae Pool #MA5295 6.00% 3/1/2054 <sup>(c)</sup>  | 212 | 215 |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(c)</sup>  | 115 | 116 |
| Fannie Mae Pool #CB8337 5.50% 4/1/2054 <sup>(c)</sup>  | 3425 | 3400 |
| Fannie Mae Pool #DB2495 6.00% 5/1/2054 <sup>(c)</sup>  | 1265 | 1279 |
| Fannie Mae Pool #MA5388 5.50% 6/1/2054 <sup>(c)</sup>  | 3982 | 3945 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(c)</sup>  | 3674 | 3733 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(c)</sup>  | 1994 | 2017 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(c)</sup>  | 424 | 429 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(c)</sup>  | 384 | 391 |
| Fannie Mae Pool #CB8725 6.50% 6/1/2054 <sup>(c)</sup>  | 6799 | 7025 |
| Fannie Mae Pool #DB8675 5.00% 7/1/2054 <sup>(c)</sup>  | 1772 | 1719 |
| Fannie Mae Pool #CB8842 5.50% 7/1/2054 <sup>(c)</sup>  | 2157 | 2140 |
| Fannie Mae Pool #DB5213 5.50% 7/1/2054 <sup>(c)</sup>  | 1615 | 1600 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(c)</sup>  | 1243 | 1233 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(c)</sup>  | 7674 | 7756 |
| Fannie Mae Pool #DB5214 6.00% 7/1/2054 <sup>(c)</sup>  | 3054 | 3087 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(c)</sup>  | 2029 | 2057 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(c)</sup>  | 1215 | 1228 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(c)</sup>  | 856 | 872 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(c)</sup>  | 336 | 341 |
| Fannie Mae Pool #CB8872 6.50% 7/1/2054 <sup>(c)</sup>  | 10678 | 11055 |
| Fannie Mae Pool #CB8876 6.50% 7/1/2054 <sup>(c)</sup>  | 3070 | 3174 |
| Fannie Mae Pool #FS8317 6.50% 7/1/2054 <sup>(c)</sup>  | 1736 | 1794 |
| Fannie Mae Pool #CB8977 5.00% 8/1/2054 <sup>(c)</sup>  | 363 | 352 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(c)</sup>  | 8159 | 8247 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(c)</sup>  | 1288 | 1310 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(c)</sup>  | 699 | 708 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(c)</sup>  | 630 | 638 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(c)</sup>  | 520 | 529 |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(c)</sup>  | 432 | 436 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(c)</sup>  | 169 | 172 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(c)</sup>  | 168 | 170 |

---

Short-Term Bond Fund of America — Page 15 of 35

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(c)</sup>  | USD140 | $142 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(c)</sup>  | 133 | 135 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(c)</sup>  | 6627 | 6865 |
| Fannie Mae Pool #FS8783 6.50% 8/1/2054 <sup>(c)</sup>  | 1816 | 1877 |
| Fannie Mae Pool #FS9025 5.50% 9/1/2054 <sup>(c)</sup>  | 8345 | 8309 |
| Fannie Mae Pool #CB9210 5.50% 9/1/2054 <sup>(c)</sup>  | 1822 | 1808 |
| Fannie Mae Pool #CB9146 5.50% 9/1/2054 <sup>(c)</sup>  | 1092 | 1087 |
| Fannie Mae Pool #BU4946 5.50% 9/1/2054 <sup>(c)</sup>  | 1040 | 1031 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(c)</sup>  | 1300 | 1321 |
| Fannie Mae Pool #DC1873 6.00% 9/1/2054 <sup>(c)</sup>  | 213 | 216 |
| Fannie Mae Pool #DC2697 5.00% 10/1/2054 <sup>(c)</sup>  | 1388 | 1346 |
| Fannie Mae Pool #DC4451 5.50% 10/1/2054 <sup>(c)</sup>  | 908 | 900 |
| Fannie Mae Pool #BU5049 6.50% 10/1/2054 <sup>(c)</sup>  | 1546 | 1608 |
| Fannie Mae Pool #CB9472 5.00% 11/1/2054 <sup>(c)</sup>  | 497 | 482 |
| Fannie Mae Pool #DC4585 5.50% 11/1/2054 <sup>(c)</sup>  | 2467 | 2444 |
| Fannie Mae Pool #BU5165 5.50% 11/1/2054 <sup>(c)</sup>  | 63 | 63 |
| Fannie Mae Pool #CB9432 6.00% 11/1/2054 <sup>(c)</sup>  | 18332 | 18609 |
| Fannie Mae Pool #DC8341 5.00% 12/1/2054 <sup>(c)</sup>  | 1512 | 1468 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(c)</sup>  | 179 | 173 |
| Fannie Mae Pool #MA5553 5.50% 12/1/2054 <sup>(c)</sup>  | 9065 | 8980 |
| Fannie Mae Pool #CB9616 5.50% 12/1/2054 <sup>(c)</sup>  | 6880 | 6822 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(c)</sup>  | 6689 | 6759 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(c)</sup>  | 50 | 51 |
| Fannie Mae Pool #DC9775 5.00% 1/1/2055 <sup>(c)</sup>  | 186 | 180 |
| Fannie Mae Pool #DD0835 6.00% 1/1/2055 <sup>(c)</sup>  | 6036 | 6100 |
| Fannie Mae Pool #DD0990 5.00% 2/1/2055 <sup>(c)</sup>  | 1103 | 1069 |
| Fannie Mae Pool #FA0608 5.50% 2/1/2055 <sup>(c)</sup>  | 968 | 959 |
| Fannie Mae Pool #DC8674 5.50% 2/1/2055 <sup>(c)</sup>  | 838 | 831 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(c)</sup>  | 1871 | 1891 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(c)</sup>  | 6503 | 6572 |
| Fannie Mae Pool #DD8552 5.00% 4/1/2055 <sup>(c)</sup>  | 1280 | 1249 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(c)</sup>  | 889 | 899 |
| Fannie Mae Pool #MA5699 5.00% 5/1/2055 <sup>(c)</sup>  | 36000 | 34876 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(c)</sup>  | 578 | 585 |
| Fannie Mae Pool #MA5735 5.50% 6/1/2055 <sup>(c)</sup>  | 3806 | 3770 |
| Fannie Mae Pool #BM6736 4.50% 11/1/2059 <sup>(c)</sup>  | 4396 | 4191 |
| Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 2/25/2027 <sup>(c)(e)</sup>  | 8 | 8 |
| Freddie Mac Pool #781228 6.50% 2/1/2034 <sup>(c)(e)</sup>  | 166 | 169 |
| Freddie Mac Pool #A23893 5.50% 7/1/2034 <sup>(c)</sup>  | 93 | 95 |
| Freddie Mac Pool #782818 6.741% 11/1/2034 <sup>(c)(e)</sup>  | 114 | 117 |
| Freddie Mac Pool #1H2524 6.691% 8/1/2035 <sup>(c)(e)</sup>  | 292 | 302 |
| Freddie Mac Pool #1L1292 7.08% 1/1/2036 <sup>(c)(e)</sup>  | 277 | 285 |
| Freddie Mac Pool #G02162 5.50% 5/1/2036 <sup>(c)</sup>  | 70 | 71 |
| Freddie Mac Pool #848751 6.714% 6/1/2036 <sup>(c)(e)</sup>  | 60 | 62 |
| Freddie Mac Pool #848365 7.123% 7/1/2036 <sup>(c)(e)</sup>  | 242 | 249 |
| Freddie Mac Pool #760014 3.727% 8/1/2045 <sup>(c)(e)</sup>  | 350 | 348 |
| Freddie Mac Pool #SI2002 4.00% 3/1/2048 <sup>(c)</sup>  | 58 | 55 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(c)</sup>  | 141 | 135 |
| Freddie Mac Pool #SD8175 3.50% 10/1/2051 <sup>(c)</sup>  | 12 | 11 |
| Freddie Mac Pool #QF0924 5.50% 9/1/2052 <sup>(c)</sup>  | 25 | 25 |
| Freddie Mac Pool #SD2465 4.50% 10/1/2052 <sup>(c)</sup>  | 126 | 119 |
| Freddie Mac Pool #QF1573 5.50% 10/1/2052 <sup>(c)</sup>  | 23 | 23 |
| Freddie Mac Pool #SD2948 5.50% 11/1/2052 <sup>(c)</sup>  | 311 | 309 |
| Freddie Mac Pool #SD8288 5.00% 1/1/2053 <sup>(c)</sup>  | 903 | 877 |

---

Short-Term Bond Fund of America — Page 16 of 35

------

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #SD8290 6.00% 1/1/2053 <sup>(c)</sup>  | USD8,183 | $8303 |
| Freddie Mac Pool #QF8331 5.50% 2/1/2053 <sup>(c)</sup>  | 24 | 24 |
| Freddie Mac Pool #SD8301 6.00% 2/1/2053 <sup>(c)</sup>  | 4044 | 4097 |
| Freddie Mac Pool #SD8315 5.00% 4/1/2053 <sup>(c)</sup>  | 2537 | 2463 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(c)</sup>  | 1936 | 1881 |
| Freddie Mac Pool #SD8324 5.50% 5/1/2053 <sup>(c)</sup>  | 1257 | 1247 |
| Freddie Mac Pool #SD2861 6.00% 5/1/2053 <sup>(c)</sup>  | 4256 | 4312 |
| Freddie Mac Pool #SD8325 6.00% 5/1/2053 <sup>(c)</sup>  | 2874 | 2910 |
| Freddie Mac Pool #QG3376 6.00% 5/1/2053 <sup>(c)</sup>  | 201 | 204 |
| Freddie Mac Pool #SD8329 5.00% 6/1/2053 <sup>(c)</sup>  | 645 | 626 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(c)</sup>  | 1454 | 1442 |
| Freddie Mac Pool #RA9279 6.00% 6/1/2053 <sup>(c)</sup>  | 2869 | 2915 |
| Freddie Mac Pool #SD3240 6.00% 6/1/2053 <sup>(c)</sup>  | 377 | 382 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(c)</sup>  | 2508 | 2595 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(c)</sup>  | 2205 | 2276 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(c)</sup>  | 2097 | 2180 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(c)</sup>  | 2058 | 2138 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(c)</sup>  | 1455 | 1513 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(c)</sup>  | 1116 | 1159 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(c)</sup>  | 692 | 714 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(c)</sup>  | 606 | 635 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(c)</sup>  | 60 | 58 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(c)</sup>  | 2371 | 2354 |
| Freddie Mac Pool #SD3356 6.00% 7/1/2053 <sup>(c)</sup>  | 2036 | 2059 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(c)</sup>  | 334 | 341 |
| Freddie Mac Pool #SD3512 6.00% 8/1/2053 <sup>(c)</sup>  | 168 | 170 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(c)</sup>  | 400 | 397 |
| Freddie Mac Pool #SD8363 6.00% 9/1/2053 <sup>(c)</sup>  | 3288 | 3325 |
| Freddie Mac Pool #SD3825 6.50% 9/1/2053 <sup>(c)</sup>  | 25324 | 26114 |
| Freddie Mac Pool #SD4053 6.00% 10/1/2053 <sup>(c)</sup>  | 28338 | 28675 |
| Freddie Mac Pool #SD8368 6.00% 10/1/2053 <sup>(c)</sup>  | 11055 | 11179 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(c)</sup>  | 2708 | 2797 |
| Freddie Mac Pool #SD8386 7.00% 12/1/2053 <sup>(c)</sup>  | 6128 | 6400 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(c)</sup>  | 2128 | 2194 |
| Freddie Mac Pool #SD8398 7.00% 1/1/2054 <sup>(c)</sup>  | 18178 | 18984 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(c)</sup>  | 40 | 39 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(c)</sup>  | 6532 | 6605 |
| Freddie Mac Pool #SD8404 7.00% 2/1/2054 <sup>(c)</sup>  | 31415 | 32808 |
| Freddie Mac Pool #QI2014 5.00% 3/1/2054 <sup>(c)</sup>  | 1517 | 1477 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(c)</sup>  | 3627 | 3594 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(c)</sup>  | 1005 | 1002 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(c)</sup>  | 729 | 723 |
| Freddie Mac Pool #SD5303 6.00% 4/1/2054 <sup>(c)</sup>  | 1692 | 1719 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(c)</sup>  | 196 | 199 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(c)</sup>  | 1193 | 1207 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(c)</sup>  | 251 | 256 |
| Freddie Mac Pool #SD5872 5.00% 6/1/2054 <sup>(c)</sup>  | 1686 | 1636 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(c)</sup>  | 443 | 441 |
| Freddie Mac Pool #RJ1785 6.00% 6/1/2054 <sup>(c)</sup>  | 111 | 113 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(c)</sup>  | 73 | 74 |
| Freddie Mac Pool #SD8446 5.50% 7/1/2054 <sup>(c)</sup>  | 3621 | 3588 |
| Freddie Mac Pool #QI8872 5.50% 7/1/2054 <sup>(c)</sup>  | 622 | 616 |
| Freddie Mac Pool #RJ1963 5.50% 7/1/2054 <sup>(c)</sup>  | 562 | 557 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(c)</sup>  | 6231 | 6298 |

---

Short-Term Bond Fund of America — Page 17 of 35

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(c)</sup>  | USD2,500 | $2548 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(c)</sup>  | 1384 | 1410 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(c)</sup>  | 842 | 854 |
| Freddie Mac Pool #SD5873 6.00% 7/1/2054 <sup>(c)</sup>  | 617 | 625 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(c)</sup>  | 349 | 354 |
| Freddie Mac Pool #QI9151 6.50% 7/1/2054 <sup>(c)</sup>  | 1519 | 1571 |
| Freddie Mac Pool #RJ1986 6.50% 7/1/2054 <sup>(c)</sup>  | 27 | 28 |
| Freddie Mac Pool #RJ2193 5.00% 8/1/2054 <sup>(c)</sup>  | 280 | 273 |
| Freddie Mac Pool #RJ2241 5.00% 8/1/2054 <sup>(c)</sup>  | 201 | 195 |
| Freddie Mac Pool #RJ2195 5.00% 8/1/2054 <sup>(c)</sup>  | 184 | 178 |
| Freddie Mac Pool #RJ2200 5.50% 8/1/2054 <sup>(c)</sup>  | 2125 | 2110 |
| Freddie Mac Pool #RJ2206 5.50% 8/1/2054 <sup>(c)</sup>  | 1391 | 1382 |
| Freddie Mac Pool #RJ2243 5.50% 8/1/2054 <sup>(c)</sup>  | 1217 | 1207 |
| Freddie Mac Pool #SD6286 5.50% 8/1/2054 <sup>(c)</sup>  | 560 | 558 |
| Freddie Mac Pool #RJ2203 5.50% 8/1/2054 <sup>(c)</sup>  | 231 | 230 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(c)</sup>  | 5674 | 5735 |
| Freddie Mac Pool #RJ2212 6.00% 8/1/2054 <sup>(c)</sup>  | 3750 | 3821 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(c)</sup>  | 2361 | 2391 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(c)</sup>  | 802 | 815 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(c)</sup>  | 799 | 809 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(c)</sup>  | 6050 | 6264 |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(c)</sup>  | 2438 | 2524 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(c)</sup>  | 1462 | 1506 |
| Freddie Mac Pool #RJ2422 5.50% 9/1/2054 <sup>(c)</sup>  | 2389 | 2372 |
| Freddie Mac Pool #QJ3044 5.50% 9/1/2054 <sup>(c)</sup>  | 2130 | 2111 |
| Freddie Mac Pool #SD6328 5.50% 9/1/2054 <sup>(c)</sup>  | 1049 | 1047 |
| Freddie Mac Pool #RJ2415 5.50% 9/1/2054 <sup>(c)</sup>  | 1008 | 1005 |
| Freddie Mac Pool #RJ2408 5.50% 9/1/2054 <sup>(c)</sup>  | 907 | 900 |
| Freddie Mac Pool #SD8462 5.50% 9/1/2054 <sup>(c)</sup>  | 193 | 192 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(c)</sup>  | 2770 | 2809 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(c)</sup>  | 1506 | 1530 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(c)</sup>  | 1427 | 1454 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(c)</sup>  | 1331 | 1356 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(c)</sup>  | 864 | 875 |
| Freddie Mac Pool #SD6271 6.50% 9/1/2054 <sup>(c)</sup>  | 1582 | 1630 |
| Freddie Mac Pool #RJ2411 6.50% 9/1/2054 <sup>(c)</sup>  | 1078 | 1114 |
| Freddie Mac Pool #QJ4693 6.50% 9/1/2054 <sup>(c)</sup>  | 802 | 829 |
| Freddie Mac Pool #RJ2470 6.50% 9/1/2054 <sup>(c)</sup>  | 560 | 577 |
| Freddie Mac Pool #RJ2474 6.50% 9/1/2054 <sup>(c)</sup>  | 316 | 326 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(c)</sup>  | 7638 | 7568 |
| Freddie Mac Pool #SD6733 6.50% 10/1/2054 <sup>(c)</sup>  | 523 | 539 |
| Freddie Mac Pool #QJ8234 5.00% 11/1/2054 <sup>(c)</sup>  | 1822 | 1767 |
| Freddie Mac Pool #RJ2917 5.50% 11/1/2054 <sup>(c)</sup>  | 21148 | 20970 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(c)</sup>  | 617 | 612 |
| Freddie Mac Pool #RJ2922 6.00% 11/1/2054 <sup>(c)</sup>  | 2158 | 2181 |
| Freddie Mac Pool #SD8491 5.00% 12/1/2054 <sup>(c)</sup>  | 5658 | 5481 |
| Freddie Mac Pool #QX2561 5.00% 12/1/2054 <sup>(c)</sup>  | 1803 | 1748 |
| Freddie Mac Pool #QJ9769 5.00% 12/1/2054 <sup>(c)</sup>  | 249 | 242 |
| Freddie Mac Pool #QX0376 5.50% 12/1/2054 <sup>(c)</sup>  | 6269 | 6217 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(c)</sup>  | 2624 | 2599 |
| Freddie Mac Pool #QX4072 5.00% 1/1/2055 <sup>(c)</sup>  | 1788 | 1734 |
| Freddie Mac Pool #SD8494 5.50% 1/1/2055 <sup>(c)</sup>  | 4472 | 4430 |
| Freddie Mac Pool #QX4065 6.00% 1/1/2055 <sup>(c)</sup>  | 4143 | 4186 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(c)</sup>  | 2354 | 2379 |

---

Short-Term Bond Fund of America — Page 18 of 35

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Freddie Mac Pool #QX9882 5.00% 3/1/2055 <sup>(c)</sup>  | USD1,287 | $1249 |
| Freddie Mac Pool #SD8515 5.50% 3/1/2055 <sup>(c)</sup>  | 1289 | 1277 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(c)</sup>  | 343 | 347 |
| Freddie Mac Pool #QY1328 5.00% 4/1/2055 <sup>(c)</sup>  | 3519 | 3412 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(c)</sup>  | 1585 | 1536 |
| Freddie Mac Pool #QY1332 5.00% 4/1/2055 <sup>(c)</sup>  | 1564 | 1517 |
| Freddie Mac Pool #QY1360 5.00% 4/1/2055 <sup>(c)</sup>  | 885 | 857 |
| Freddie Mac Pool #QY0377 5.00% 4/1/2055 <sup>(c)</sup>  | 499 | 484 |
| Freddie Mac Pool #SL0796 6.00% 4/1/2055 <sup>(c)</sup>  | 11859 | 11984 |
| Freddie Mac Pool #SD8532 5.00% 5/1/2055 <sup>(c)</sup>  | 18321 | 17747 |
| Freddie Mac Pool #QY2240 5.00% 5/1/2055 <sup>(c)</sup>  | 1554 | 1508 |
| Freddie Mac Pool #QY3688 5.00% 5/1/2055 <sup>(c)</sup>  | 1112 | 1078 |
| Freddie Mac Pool #QY2231 5.00% 5/1/2055 <sup>(c)</sup>  | 45 | 44 |
| Freddie Mac Pool #RQ0013 5.50% 6/1/2055 <sup>(c)</sup>  | 8758 | 8676 |
| Freddie Mac, Series K048, Class A2, Multi Family, 3.284% 6/25/2025 <sup>(c)(e)</sup>  | 911 | 908 |
| Freddie Mac, Series K049, Class A2, Multi Family, 3.01% 7/25/2025 <sup>(c)</sup>  | 1321 | 1317 |
| Freddie Mac, Series K052, Class A2, Multi Family, 3.151% 11/25/2025 <sup>(c)</sup>  | 1981 | 1967 |
| Freddie Mac, Series K054, Class A2, Multi Family, 2.745% 1/25/2026 <sup>(c)</sup>  | 367 | 362 |
| Freddie Mac, Series K057, Class A2, Multi Family, 2.57% 7/25/2026 <sup>(c)</sup>  | 30 | 29 |
| Freddie Mac, Series K070, Class A2, Multi Family, 3.303% 11/25/2027 <sup>(c)(e)</sup>  | 10 | 10 |
| Freddie Mac, Series K515, Class A2, Multi Family, 5.40% 1/25/2029 <sup>(c)</sup>  | 24996 | 25874 |
| Freddie Mac, Series K518, Class A2, Multi Family, 5.40% 1/25/2029 <sup>(c)</sup>  | 2203 | 2281 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(c)(e)</sup>  | 2726 | 2551 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(c)</sup>  | 4268 | 3970 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(c)(e)</sup>  | 4279 | 3968 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057 <sup>(c)(e)</sup>  | 12 | 11 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/2057 <sup>(c)</sup>  | 10 | 9 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 6/25/2057 <sup>(c)</sup>  | 2231 | 2141 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(c)</sup>  | 2987 | 2870 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-4, Class MA, 3.50% 3/25/2058 <sup>(c)</sup>  | 38 | 37 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/2058 <sup>(c)</sup>  | 821 | 786 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/25/2058 <sup>(c)</sup>  | 6397 | 6073 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/2059 <sup>(c)</sup>  | 1290 | 1191 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/2028 <sup>(c)</sup>  | 9194 | 8897 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-1, Class A1, 3.50% 5/25/2029 <sup>(c)</sup>  | 1537 | 1483 |
| Government National Mortgage Assn. Pool #MA5332 5.00% 7/20/2048 <sup>(c)</sup>  | 32 | 32 |
| Government National Mortgage Assn. Pool #MA5653 5.00% 12/20/2048 <sup>(c)</sup>  | 1357 | 1336 |
| Government National Mortgage Assn. Pool #MA5765 5.00% 2/20/2049 <sup>(c)</sup>  | 295 | 290 |
| Government National Mortgage Assn. Pool #MA5878 5.00% 4/20/2049 <sup>(c)</sup>  | 951 | 937 |
| Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/2049 <sup>(c)</sup>  | 27 | 27 |
| Government National Mortgage Assn. Pool #MA8947 5.00% 6/20/2053 <sup>(c)</sup>  | 294 | 287 |
| Government National Mortgage Assn. Pool #MA9170 5.00% 9/20/2053 <sup>(c)</sup>  | 17819 | 17320 |
| Government National Mortgage Assn. Pool #MA9240 5.00% 10/20/2053 <sup>(c)</sup>  | 17825 | 17356 |
| Government National Mortgage Assn. Pool #710074 4.72% 4/20/2061 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #721648 5.05% 4/20/2061 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #710077 4.70% 5/20/2061 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #725876 4.902% 9/20/2061 <sup>(c)</sup>  | —<br> <sup>(g)</sup><br>| — <br><sup>(g)</sup><br>|
| Government National Mortgage Assn. Pool #710085 4.94% 9/20/2061 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #725879 4.893% 10/20/2061 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AC0975 4.695% 4/20/2063 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AC1008 4.694% 10/20/2063 <sup>(c)</sup>  | —<br> <sup>(g)</sup><br>| — <br><sup>(g)</sup><br>|
| Government National Mortgage Assn. Pool #776094 4.739% 10/20/2063 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AG8041 4.496% 11/20/2063 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #AG8060 4.494% 12/20/2063 <sup>(c)</sup>  | 3 | 3 |

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Short-Term Bond Fund of America — Page 19 of 35

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Federal agency mortgage-backed obligations (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Government National Mortgage Assn. Pool #AG8069 4.358% 1/20/2064 <sup>(c)</sup>  | USD4 | $4 |
| Government National Mortgage Assn. Pool #AG8070 4.494% 1/20/2064 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #AC1026 4.694% 1/20/2064 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AG8081 4.289% 2/20/2064 <sup>(c)</sup>  | 4 | 4 |
| Government National Mortgage Assn. Pool #AG8082 4.464% 2/20/2064 <sup>(c)</sup>  | 3 | 3 |
| Government National Mortgage Assn. Pool #AG8076 4.778% 2/20/2064 <sup>(c)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #767680 4.413% 6/20/2064 <sup>(c)</sup>  | 9 | 9 |
| Government National Mortgage Assn. Pool #AG8149 4.911% 6/20/2064 <sup>(c)(e)</sup>  | 20 | 20 |
| Government National Mortgage Assn. Pool #AO0461 4.548% 8/20/2065 <sup>(c)</sup>  | 4 | 4 |
| Government National Mortgage Assn., Series 2018-98, Class A, 3.00% 10/16/2050 <sup>(c)</sup>  | 1688 | 1627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Assn., Series 2012-H12, Class FT, (1-year UST Yield Curve Rate T Note Constant <br> Maturity + 0.70%) 4.79% 5/20/2062 <sup>(c)(e)</sup>  | 78 | 78 |
| Government National Mortgage Assn., Series 2012-H20, Class PT, 4.982% 7/20/2062 <sup>(c)(e)</sup>  | 931 | 929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government National Mortgage Assn., Series 2014-H08, Class FT, (1-year UST Yield Curve Rate T Note Constant <br> Maturity + 0.60%) 4.69% 3/20/2064 <sup>(c)(e)</sup>  | 372 | 371 |
| Uniform Mortgage-Backed Security 6.00% 6/1/2040 <sup>(c)(h)</sup>  | 50695 | 51914 |
| Uniform Mortgage-Backed Security 5.50% 7/1/2040 <sup>(c)(h)</sup>  | 3645 | 3693 |
| Uniform Mortgage-Backed Security 3.50% 6/1/2055 <sup>(c)(h)</sup>  | 2 | 2 |
| Uniform Mortgage-Backed Security 4.50% 6/1/2055 <sup>(c)(h)</sup>  | 50000 | 47164 |
| Uniform Mortgage-Backed Security 6.00% 6/1/2055 <sup>(c)(h)</sup>  | 37855 | 38230 |
| Uniform Mortgage-Backed Security 6.50% 6/1/2055 <sup>(c)(h)</sup>  | 256837 | 263752 |
| Uniform Mortgage-Backed Security 7.00% 6/1/2055 <sup>(c)(h)</sup>  | 16917 | 17660 |
| Uniform Mortgage-Backed Security 3.50% 7/1/2055 <sup>(c)(h)</sup>  | 1 | 1 |
| Uniform Mortgage-Backed Security 6.00% 7/1/2055 <sup>(c)(h)</sup>  | 204771 | 206530 |
| Uniform Mortgage-Backed Security 6.50% 7/1/2055 <sup>(c)(h)</sup>  | 56681 | 58151 |
|  |  | 1593083 |
| **Collateralized mortgage-backed obligations (privately originated) 7.10%** |  |  |
| Angel Oak Mortgage Trust, Series 2024-7, Class A1, 5.621% 5/25/2069 (6.621% on 7/1/2028) <sup>(c)(d)(f)</sup>  | 5528 | 5539 |
| Angel Oak Mortgage Trust, Series 2024-8, Class A1, 5.338% 5/27/2069 (6.338% on 8/1/2028) <sup>(c)(d)(f)</sup>  | 5450 | 5428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argent Securities, Inc., Series 2005-W2, Class M1, (1-month USD CME Term SOFR + 0.849%) 5.174% <br>10/25/2035 <sup>(c)(e)</sup>  | 540 | 535 |
| Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048 <sup>(c)(d)(e)</sup>  | 2236 | 2008 |
| Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 1/25/2049 <sup>(c)(d)(e)</sup>  | 2728 | 2653 |
| Arroyo Mortgage Trust, Series 2019-2, Class A2, 3.498% 4/25/2049 <sup>(c)(d)(e)</sup>  | 315 | 303 |
| Arroyo Mortgage Trust, Series 2019-2, Class A3, 3.80% 4/25/2049 <sup>(c)(d)(e)</sup>  | 2477 | 2400 |
| Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 3/25/2055 <sup>(c)(d)</sup>  | 909 | 867 |
| Arroyo Mortgage Trust, Series 2022-1, Class A1A, 2.495% 12/25/2056 (3.495% on 2/25/2026) <sup>(c)(d)(f)</sup>  | 7356 | 7058 |
| Atlas SP, Series 2024-RPL1, Class A1, 3.85% 4/25/2064 (4.85% on 8/1/2028) <sup>(c)(d)(f)</sup>  | 12083 | 11632 |
| BINOM Securitization Trust, Series 2022-RPL1, Class A1, 3.00% 2/25/2061 <sup>(c)(d)(e)</sup>  | 1870 | 1733 |
| BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/2059 <sup>(c)(d)(e)</sup>  | 5947 | 5554 |
| BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/2059 <sup>(c)(d)(e)</sup>  | 4864 | 4752 |
| BRAVO Residential Funding Trust, Series 2022-RPL1, Class A1, 2.75% 9/25/2061 <sup>(c)(d)</sup>  | 292 | 267 |
| BRAVO Residential Funding Trust, Series 2022-NQM1, Class A1, 3.626% 9/25/2061 (4.626% on 2/25/2026) <sup>(c)(d)(f)</sup>  | 1108 | 1071 |
| BRAVO Residential Funding Trust, Series 2022-NQM2, Class A1, 4.272% 11/25/2061 (5.272% on 5/1/2026) <sup>(c)(d)(f)</sup>  | 558 | 558 |
| BRAVO Residential Funding Trust, Series 2022-NQM3, Class A1, 5.108% 7/25/2062 (6.108% on 9/1/2026) <sup>(c)(d)(f)</sup>  | 5560 | 5532 |
| BRAVO Residential Funding Trust, Series 2024-RPL1, Class A1, 3.25% 10/25/2063 <sup>(c)(d)(e)</sup>  | —<br> <sup>(g)</sup><br>| — <br><sup>(g)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, Series 2023-NQM8, Class A1, 6.394% 10/25/2063 (7.394% on <br>11/1/2027) <sup>(c)(d)(f)</sup>  | 1694 | 1707 |
| BRAVO Residential Funding Trust, Series 2024-NQM1, Class A1, 5.943% 12/1/2063 (6.943% on 1/1/2028) <sup>(c)(d)(f)</sup>  | 2120 | 2127 |
| BRAVO Residential Funding Trust, Series 2025-NQM1, Class A1, 5.604% 12/25/2064 <sup>(c)(d)(f)</sup>  | 9339 | 9368 |
| BRAVO Residential Funding Trust, Series 2025-NQM5, Class A1, 5.496% 2/25/2065 (6.496% on 5/1/2027) <sup>(c)(d)(f)</sup>  | 15823 | 15851 |
| Bunker Hill Loan Depositary Trust, Series 2019-2, Class A1, 2.879% 7/25/2049 <sup>(c)(d)(e)</sup>  | 1882 | 1833 |
| Cantor Commercial Real Estate Lending, Series 2019-CF1, Class AS, 4.027% 5/15/2052 <sup>(c)</sup>  | 1000 | 928 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 4/25/2033 <sup>(c)(d)(e)</sup>  | USD5,033 | $4985 |
| Cascade Funding Mortgage Trust, Series 2024-HB13, Class A, 3.00% 5/25/2034 <sup>(c)(d)(e)</sup>  | 2569 | 2521 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(c)(d)(e)</sup>  | 12997 | 12869 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(c)(d)(e)</sup>  | 38956 | 38055 |
| Cascade Funding Mortgage Trust, Series 2024-R1, Class A1, 4.00% 10/25/2054 (5.00% on 10/25/2028) <sup>(c)(d)(f)</sup>  | 7090 | 6938 |
| CIM Trust, Series 2018-R3, Class A1, 5.00% 12/25/2057 <sup>(c)(d)(e)</sup>  | 669 | 666 |
| CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061 <sup>(c)(d)(e)</sup>  | 7898 | 7474 |
| CIM Trust, Series 2023-R1, Class A1A, 5.40% 4/25/2062 <sup>(c)(d)(e)</sup>  | 12281 | 12144 |
| Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/2060 <sup>(c)(d)(e)</sup>  | 1281 | 1193 |
| COLT Funding, LLC, Series 2023-1, Class A1, 6.048% 4/25/2068 (7.048% on 4/1/2027) <sup>(c)(d)(f)</sup>  | 7278 | 7296 |
| COLT Funding, LLC, Series 2023-3, Class A1, 7.18% 9/25/2068 (8.18% on 9/1/2027) <sup>(c)(d)(f)</sup>  | 4365 | 4428 |
| COLT Funding, LLC, Series 2023-4, Class A1, 7.163% 10/25/2068 (8.163% on 10/1/2027) <sup>(c)(d)(f)</sup>  | 1378 | 1400 |
| COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066 <sup>(c)(d)(e)</sup>  | 7320 | 6532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2015-C03, Class 1M2, (30-day Average USD-SOFR + 5.114%) 9.436% <br> 7/25/2025 <sup>(c)(e)</sup>  | 6671 | 6700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2017-C01, Class 1B1, (30-day Average USD-SOFR + 5.864%) <br> 10.186% 7/25/2029 <sup>(c)(e)</sup>  | 850 | 907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2018-C01, Class 1M2C, (30-day Average USD-SOFR + 2.364%) <br> 6.686% 7/25/2030 <sup>(c)(e)</sup>  | 3863 | 3908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 18-C03, Class 1B1, (30-day Average USD-SOFR + 3.86%) 8.186% <br> 10/25/2030 <sup>(c)(e)</sup>  | 4000 | 4324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) 6.222% <br> 6/25/2043 <sup>(c)(d)(e)</sup>  | 1683 | 1702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1, (30-day Average USD-SOFR + 1.05%) 5.372% <br> 1/25/2044 <sup>(c)(d)(e)</sup>  | 2384 | 2386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M1, (30-day Average USD-SOFR + 1.10%) 5.422% <br> 2/25/2044 <sup>(c)(d)(e)</sup>  | 627 | 627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R04, Class 1A1, (30-day Average USD-SOFR + 1.00%) 5.322% <br> 5/25/2044 <sup>(c)(d)(e)</sup>  | 3965 | 3961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2024-R06, Class 1A1, (30-day Average USD-SOFR + 1.15%) 5.472% <br> 9/25/2044 <sup>(c)(d)(e)</sup>  | 5521 | 5534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1, (30-day Average USD-SOFR + 1.00%) 5.322% <br> 2/25/2045 <sup>(c)(d)(e)</sup>  | 3405 | 3403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust, Series 2025-R02, Class 1M1, (30-day Average USD-SOFR + 1.15%) 5.472% <br> 2/25/2045 <sup>(c)(d)(e)</sup>  | 2562 | 2561 |
| Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 8/15/2037 <sup>(c)(d)</sup>  | 1552 | 1535 |
| Credit Suisse Mortgage Trust, Series 2022-ATH3, Class A1, 4.991% 8/25/2067 <sup>(c)(d)(e)</sup>  | 5871 | 5853 |
| Finance of America HECM Buyout, Series 24-HB1, Class A1A, 4.00% 10/1/2034 <sup>(c)(d)(e)</sup>  | 22482 | 22321 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(c)(d)(f)</sup>  | 15500 | 14626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M3, (30-day Average <br> USD-SOFR + 4.814%) 9.136% 4/25/2028 <sup>(c)(e)</sup>  | 1407 | 1426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA1, Class M3, (30-day Average <br> USD-SOFR + 5.664%) 9.986% 7/25/2028 <sup>(c)(e)</sup>  | 1214 | 1241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA3, Class M3, (30-day Average <br> USD-SOFR + 5.114%) 9.436% 12/25/2028 <sup>(c)(e)</sup>  | 4691 | 4832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2018-DNA2, Class M2AR, (30-day Average <br> USD-SOFR + 0.764%) 5.086% 12/25/2030 <sup>(c)(d)(e)</sup>  | 66 | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA2, Class M1A, (30-day Average <br> USD-SOFR + 1.30%) 5.622% 2/25/2042 <sup>(c)(d)(e)</sup>  | 271 | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average <br> USD-SOFR + 2.95%) 7.272% 6/25/2042 <sup>(c)(d)(e)</sup>  | 5465 | 5591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class M2, (30-day Average <br> USD-SOFR + 1.814%) 6.136% 1/25/2050 <sup>(c)(d)(e)</sup>  | 90 | 90 |
| GCAT Trust, Series 2024-NQM1, Class A1, 6.007% 1/25/2059 (7.007% on 1/1/2028) <sup>(c)(d)(f)</sup>  | 721 | 723 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(c)(d)(f)</sup>  | USD3,668 | $3694 |
| GCAT Trust, Series 2021-NQM6, Class A1, 1.855% 8/25/2066 <sup>(c)(d)(e)</sup>  | 13704 | 12365 |
| GS Mortgage-Backed Securities Trust, Series 2024-RPL2, Class A1, 3.75% 7/25/2061 (4.75% on 2/1/2028) <sup>(c)(d)(f)</sup>  | 6220 | 6023 |
| Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/2026 <sup>(c)(d)</sup>  | 5553 | 5316 |
| Home Partners of America Trust, Series 2021-2, Class C, 2.402% 12/17/2026 <sup>(c)(d)</sup>  | 8824 | 8418 |
| Home Partners of America Trust, Series 2022-1, Class A, 3.93% 4/17/2039 <sup>(c)(d)</sup>  | 348 | 342 |
| Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 (8.369% on 11/1/2026) <sup>(c)(d)(f)</sup>  | 9349 | 9387 |
| Imperial Fund Mortgage Trust, Series 2023-NQM1, Class A1, 5.941% 2/25/2068 (6.941% on 1/1/2027) <sup>(c)(d)(f)</sup>  | 15376 | 15373 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(c)(d)</sup>  | 1881 | 1882 |
| Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 2.25% 7/25/2067 (6.25% on 11/25/2025) <sup>(c)(d)(f)</sup>  | 5488 | 5477 |
| MFRA Trust, Series 2020-NQM1, Class A1, 2.479% 3/25/2065 <sup>(c)(d)(e)</sup>  | 1132 | 1090 |
| MFRA Trust, Series 2024-NQM2, Class A1, 5.272% 8/25/2069 (6.272% on 8/1/2028) <sup>(c)(d)(f)</sup>  | 8092 | 8052 |
| MFRA Trust, Series 2024-NQM3, Class A1, 5.722% 12/25/2069 (6.722% on 12/1/2028) <sup>(c)(d)(f)</sup>  | 4358 | 4374 |
| Mill City Mortgage Trust, Series 15-1, Class M3, 3.807% 6/25/2056 <sup>(c)(d)(e)</sup>  | 2766 | 2733 |
| Mill City Mortgage Trust, Series 2016-1, Class M2, 3.35% 4/25/2057 <sup>(c)(d)(e)</sup>  | 2065 | 2056 |
| Mill City Mortgage Trust, Series 2019-GS2, Class A1, 2.75% 8/25/2059 <sup>(c)(d)(e)</sup>  | 2603 | 2512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM2, Class A1, 6.386% 5/25/2069 (7.386% on <br>5/1/2028) <sup>(c)(d)(f)</sup>  | 15704 | 15859 |
| New Residential Mortgage Loan Trust, Series 2016-2, Class A1, 3.75% 11/26/2035 <sup>(c)(d)(e)</sup>  | 200 | 193 |
| New Residential Mortgage Loan Trust, Series 2015-2A, Class A1, 3.75% 8/25/2055 <sup>(c)(d)(e)</sup>  | 413 | 399 |
| New Residential Mortgage Loan Trust, Series 2016-1A, Class A1, 3.75% 3/25/2056 <sup>(c)(d)(e)</sup>  | 179 | 172 |
| New Residential Mortgage Loan Trust, Series 2018-RPL1, Class A1, 3.50% 12/25/2057 <sup>(c)(d)(e)</sup>  | 1251 | 1209 |
| New Residential Mortgage Loan Trust, Series 2019-2A, Class A1, 4.25% 12/25/2057 <sup>(c)(d)(e)</sup>  | 352 | 344 |
| New Residential Mortgage Loan Trust, Series 2018-5A, Class A1, 4.75% 12/25/2057 <sup>(c)(d)(e)</sup>  | 692 | 686 |
| New Residential Mortgage Loan Trust, Series 2018-3A, Class A1, 4.50% 5/27/2058 <sup>(c)(d)(e)</sup>  | 617 | 601 |
| New Residential Mortgage Loan Trust, Series 2020-RPL1, Class A1, 2.75% 11/25/2059 <sup>(c)(d)(e)</sup>  | 4785 | 4576 |
| New Residential Mortgage Loan Trust, Series 2025-NQM2, Class A1, 5.566% 5/25/2065 <sup>(c)(d)(f)</sup>  | 4300 | 4319 |
| New York Mortgage Trust, Series 2022-SP1, Class A1, 5.25% 7/25/2062 (8.25% on 7/1/2025) <sup>(c)(d)(f)</sup>  | 11823 | 11803 |
| New York Mortgage Trust, Series 2024-CP1, Class A1, 3.75% 2/25/2068 <sup>(c)(d)(e)</sup>  | 2728 | 2507 |
| Ocwen Loan Investment Trust, Series 2024-HB1, Class A, 3.00% 2/25/2037 <sup>(c)(d)</sup>  | 5902 | 5749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2022-NQM9, Class A1A, 6.45% 9/25/2062 (7.45% on <br> 11/1/2026) <sup>(c)(d)(f)</sup>  | 4814 | 4820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM4, Class A1, 6.113% 3/25/2063 (7.113% on <br> 5/1/2027) <sup>(c)(d)(f)</sup>  | 5828 | 5844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onslow Bay Financial Mortgage Loan Trust, Series 2025-NQM8, Class A1, 5.472% 3/25/2065 (6.472% on <br> 5/1/2029) <sup>(c)(d)(f)</sup>  | 13845 | 13970 |
| Onslow Bay Financial, LLC, Series 2024-NQM5, Class A1, 5.988% 3/25/2028 (6.988% on 3/1/2028) <sup>(c)(d)(f)</sup>  | 8778 | 8821 |
| Onslow Bay Financial, LLC, Series 2024-HYB2, Class A1, 3.68% 4/25/2053 <sup>(c)(d)(e)</sup>  | 13209 | 13114 |
| Onslow Bay Financial, LLC, Series 2022-NQM6, Class A1, 4.70% 7/25/2062 (5.70% on 6/1/2026) <sup>(c)(d)(f)</sup>  | 6647 | 6610 |
| Onslow Bay Financial, LLC, Series 2023-NQM8, Class A1, 7.045% 09/25/2063 (8.045% on 9/1/2027) <sup>(c)(d)(f)</sup>  | 1120 | 1135 |
| Onslow Bay Financial, LLC, Series 2023-NQM10, Class A1, 6.465% 10/25/2063 (7.465% on 11/1/2027) <sup>(c)(d)(f)</sup>  | 2775 | 2796 |
| Onslow Bay Financial, LLC, Series 2023-NQM9, Class A1, 7.159% 10/25/2063 (8.159% on 10/1/2027) <sup>(c)(d)</sup>  | 3095 | 3147 |
| Onslow Bay Financial, LLC, Series 2024-NQM1, Class A1, 5.928% 11/25/2063 (6.928% on 12/1/2027) <sup>(c)(d)(f)</sup>  | 1023 | 1028 |
| Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, 6.067% 1/25/2064 (7.067% on 2/1/2028) <sup>(c)(d)(f)</sup>  | 7356 | 7397 |
| Onslow Bay Financial, LLC, Series 2024-NQM6, Class A1, 6.447% 2/25/2064 (7.447% on 4/1/2028) <sup>(c)(d)(f)</sup>  | 2177 | 2201 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(c)(d)(f)</sup>  | 10441 | 10528 |
| Onslow Bay Financial, LLC, Series 2024-NQM10, Class A1, 6.18% 5/25/2064 (7.18% on 6/1/2028) <sup>(c)(d)(f)</sup>  | 9704 | 9778 |
| Onslow Bay Financial, LLC, Series 2024-NQM8, Class A1, 6.233% 5/25/2064 (7.233% on 5/1/2028) <sup>(c)(d)(f)</sup>  | 26179 | 26410 |
| Onslow Bay Financial, LLC, Series 2024-NQM13, Class A1, 5.116% 6/25/2064 (6.116% on 8/1/2028) <sup>(c)(d)(f)</sup>  | 4055 | 4032 |
| Onslow Bay Financial, LLC, Series 2024-NQM11, Class A1, 5.875% 6/25/2064 (6.825% on 7/1/2028) <sup>(c)(d)(f)</sup>  | 8032 | 8069 |
| Onslow Bay Financial, LLC, Series 2024-NQM17, Class A1, 5.61% 11/25/2064 (6.61% on 11/1/2028) <sup>(c)(d)(f)</sup>  | 23818 | 23864 |
| Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, 5.648% 12/1/2064 (6.648% on 2/1/2029) <sup>(c)(d)(f)</sup>  | 7138 | 7163 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on 12/1/2028) <sup>(c)(d)(f)</sup>  | 21050 | 21092 |
| PRKCM Trust, Series 2021-AFC2, Class A1, 2.071% 11/25/2056 <sup>(c)(d)(e)</sup>  | 7500 | 6600 |

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Short-Term Bond Fund of America — Page 22 of 35

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| PRKCM Trust, Series 23-AFC4, Class A1, 7.225% 11/25/2058 (8.225% on 10/1/2027) <sup>(c)(d)(f)</sup>  | USD4,258 | $4322 |
| Progress Residential Trust, Series 2024-SFR5, Class B, 3.25% 8/9/2029 <sup>(c)(d)</sup>  | 3581 | 3321 |
| Progress Residential Trust, Series 2021-SFR6, Class A, 1.524% 7/17/2038 <sup>(c)(d)</sup>  | 5675 | 5514 |
| Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/2039 <sup>(c)(d)</sup>  | 621 | 603 |
| Progress Residential Trust, Series 2024-SFR1, Class A, 3.35% 2/17/2041 <sup>(c)(d)</sup>  | 3811 | 3622 |
| Progress Residential Trust, Series 2024-SFR2, Class B, 3.40% 4/17/2041 <sup>(c)(d)(e)</sup>  | 418 | 392 |
| Progress Residential Trust, Series 2024-SFR3, Class A, 3.00% 6/17/2041 <sup>(c)(d)</sup>  | 5616 | 5244 |
| Progress Residential Trust, Series 2025-SFR2, Class A, 3.305% 4/17/2042 <sup>(c)(d)</sup>  | 10349 | 9675 |
| Progress Residential Trust, Series 2025-SFR2, Class B, 3.555% 4/17/2042 <sup>(c)(d)</sup>  | 8841 | 8215 |
| PRP Advisors, LLC, Series 2025-RPL3, Class A1, 3.25% 4/25/2055 (4.25% on 4/1/2028) <sup>(c)(d)(f)</sup>  | 7367 | 6990 |
| Reverse Mortgage Investment Trust, Series 2021-HB1, Class A, 1.259% 11/25/2031 <sup>(c)(d)(e)</sup>  | 89 | 89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2024-SFR4, Class A, (1-month USD CME Term SOFR + 1.75%) <br> 6.079% 10/17/2041 <sup>(c)(d)(e)</sup>  | 4401 | 4417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust, Series 2025-SFR5, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.779% 2/17/2042 <sup>(c)(d)(e)</sup>  | 2339 | 2340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, Series 2019-HY1, Class A1, (1-month USD CME Term SOFR + 1.115%) 5.439% <br>10/25/2048 <sup>(c)(d)(e)</sup>  | 1971 | 1979 |
| Towd Point Mortgage Trust, Series 2015-3, Class M2, 4.00% 3/25/2054 <sup>(c)(d)(e)</sup>  | 654 | 651 |
| Towd Point Mortgage Trust, Series 2015-3, Class B1, 4.235% 3/25/2054 <sup>(c)(d)(e)</sup>  | 3500 | 3453 |
| Towd Point Mortgage Trust, Series 2016-1, Class B1, 4.503% 2/25/2055 <sup>(c)(d)(e)</sup>  | 1830 | 1800 |
| Towd Point Mortgage Trust, Series 2015-4, Class M2, 3.75% 4/25/2055 <sup>(c)(d)(e)</sup>  | 65 | 65 |
| Towd Point Mortgage Trust, Series 2015-5, Class B1, 3.996% 5/25/2055 <sup>(c)(d)(e)</sup>  | 19970 | 19592 |
| Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055 <sup>(c)(d)(e)</sup>  | 2522 | 2478 |
| Towd Point Mortgage Trust, Series 2016-3, Class M2, 4.00% 4/25/2056 <sup>(c)(d)(e)</sup>  | 3450 | 3421 |
| Towd Point Mortgage Trust, Series 2016-3, Class B1, 4.08% 4/25/2056 <sup>(c)(d)(e)</sup>  | 1788 | 1753 |
| Towd Point Mortgage Trust, Series 2016-4, Class M2, 3.75% 7/25/2056 <sup>(c)(d)(e)</sup>  | 2538 | 2478 |
| Towd Point Mortgage Trust, Series 2016-5, Class M1, 3.375% 10/25/2056 <sup>(c)(d)(e)</sup>  | 4000 | 3872 |
| Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/2056 <sup>(c)(d)(e)</sup>  | 3762 | 3731 |
| Towd Point Mortgage Trust, Series 2017-2, Class A2, 3.25% 4/25/2057 <sup>(c)(d)(e)</sup>  | 645 | 641 |
| Towd Point Mortgage Trust, Series 2017-2, Class A4, 3.656% 4/25/2057 <sup>(c)(d)(e)</sup>  | 474 | 466 |
| Towd Point Mortgage Trust, Series 2017-2, Class M1, 3.75% 4/25/2057 <sup>(c)(d)(e)</sup>  | 6818 | 6688 |
| Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/2057 <sup>(c)(d)(e)</sup>  | 2068 | 2012 |
| Towd Point Mortgage Trust, Series 2017-3, Class M1, 3.50% 7/25/2057 <sup>(c)(d)(e)</sup>  | 2300 | 2216 |
| Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/2057 <sup>(c)(d)(e)</sup>  | 1707 | 1671 |
| Towd Point Mortgage Trust, Series 2015-2, Class 2B1, 4.98% 11/25/2057 <sup>(c)(d)(e)</sup>  | 1517 | 1509 |
| Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/2058 <sup>(c)(d)(e)</sup>  | 729 | 719 |
| Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058 <sup>(c)(d)(e)</sup>  | 3860 | 3810 |
| Towd Point Mortgage Trust, Series 2019-1, Class A1, 3.75% 3/25/2058 <sup>(c)(d)(e)</sup>  | 4007 | 3884 |
| Towd Point Mortgage Trust, Series 2018-6, Class A1A, 3.75% 3/25/2058 <sup>(c)(d)(e)</sup>  | 793 | 784 |
| Towd Point Mortgage Trust, Series 2018-3, Class A1, 3.75% 5/25/2058 <sup>(c)(d)(e)</sup>  | 3989 | 3904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, Series 2019-HY2, Class A1, (1-month USD CME Term SOFR + 1.114%) 5.439% <br>5/25/2058 <sup>(c)(d)(e)</sup>  | 198 | 203 |
| Towd Point Mortgage Trust, Series 2019-2, Class A1, 3.708% 12/25/2058 <sup>(c)(d)(e)</sup>  | 1929 | 1862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Towd Point Mortgage Trust, Series 2019-HY3, Class A1A, (1-month USD CME Term SOFR + 1.115%) 5.439% <br>10/25/2059 <sup>(c)(d)(e)</sup>  | 1057 | 1069 |
| Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/2060 <sup>(c)(d)</sup>  | 2697 | 2440 |
| Towd Point Mortgage Trust, Series 15-2, Class 1B2, 3.715% 11/25/2060 <sup>(c)(d)(e)</sup>  | 6124 | 5913 |
| Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/2063 <sup>(c)(d)</sup>  | 8518 | 8193 |
| Towd Point Mortgage Trust, Series 2024-3, Class A1A, 5.108% 7/25/2065 <sup>(c)(d)(e)</sup>  | 3469 | 3519 |
| Tricon American Homes Trust, Series 2020-SFR2, Class A, 1.482% 11/17/2039 <sup>(c)(d)</sup>  | 795 | 739 |
| Tricon Residential Trust, Series 2024-SFR2, Class B, 5.70% 6/17/2028 <sup>(c)(d)</sup>  | 3247 | 3263 |
| Tricon Residential Trust, Series 2024-SFR2, Class A, 4.75% 6/17/2040 <sup>(c)(d)</sup>  | 3431 | 3419 |
| Tricon Residential Trust, Series 2023-SFR2, Class A, 5.00% 12/17/2040 <sup>(c)(d)</sup>  | 2768 | 2775 |
| Tricon Residential Trust, Series 2024-SFR3, Class A, 4.50% 8/17/2041 <sup>(c)(d)</sup>  | 5984 | 5909 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Collateralized mortgage-backed obligations (privately originated) (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Verus Securitization Trust, Series 2023-1, Class A1, 5.85% 12/25/2067 (6.85% on 1/1/2027) <sup>(c)(d)(f)</sup>  | USD5,340 | $5335 |
| Verus Securitization Trust, Series 2023-3, Class A1, 5.93% 3/25/2068 (6.93% on 4/1/2027) <sup>(c)(d)(f)</sup>  | 3679 | 3682 |
| Verus Securitization Trust, Series 2023-2, Class A1, 6.193% 3/25/2068 (7.193% on 3/1/2027) <sup>(c)(d)(f)</sup>  | 1193 | 1195 |
| Verus Securitization Trust, Series 2023-4, Class A1, 5.811% 5/25/2068 (6.811% on 5/1/2027) <sup>(c)(d)(f)</sup>  | 5773 | 5774 |
| Verus Securitization Trust, Series 2023-5, Class A5, 6.476% 6/25/2068 (7.476% on 6/1/2027) <sup>(c)(d)(f)</sup>  | 10357 | 10418 |
| Verus Securitization Trust, Series 2023-7, Class A1, 7.07% 10/25/2068 (8.07% on 10/1/2027) <sup>(c)(d)(f)</sup>  | 2077 | 2111 |
| Verus Securitization Trust, Series 2024-2, Class A1, 6.095% 2/25/2069 (7.095% on 2/1/2028) <sup>(c)(d)(f)</sup>  | 6433 | 6469 |
| Verus Securitization Trust, Series 2024-3, Class A1, 6.338% 4/25/2069 (7.338% on 4/1/2028) <sup>(c)(d)(f)</sup>  | 28229 | 28489 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(c)(d)(f)</sup>  | 9003 | 9077 |
| Verus Securitization Trust, Series 2024-7, Class A1, 5.095% 9/25/2069 <sup>(c)(d)(e)</sup>  | 5750 | 5720 |
| Verus Securitization Trust, Series 24-R1, Class A1, 5.218% 9/25/2069 (6.218% on 10/1/2028) <sup>(c)(d)(f)</sup>  | 5416 | 5403 |
| Verus Securitization Trust, Series 2024-8, Class A1, 5.364% 10/25/2069 <sup>(c)(d)(e)</sup>  | 5833 | 5822 |
| Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069 <sup>(c)(d)(e)</sup>  | 12664 | 12627 |
| Verus Securitization Trust, Series 2025-3, Class A1, 5.623% 5/25/2070 (6.623% on 4/1/2029) <sup>(c)(d)(f)</sup>  | 5765 | 5784 |
|  |  | 892254 |
| **Commercial mortgage-backed securities 6.10%** |  |  |
| ALA Trust, Series 2025-OANA, Class A, (1-month USD CME Term SOFR + 1.743%) 6.043% 6/15/2030 <sup>(c)(d)(e)</sup>  | 4230 | 4255 |
| AMSR Trust, Series 2021-SFR3, Class A, 1.476% 10/17/2038 <sup>(c)(d)</sup>  | 1981 | 1892 |
| AMSR Trust, Series 2025-SFR1, Class A, 3.655% 6/17/2042 <sup>(c)(d)</sup>  | 9583 | 9015 |
| AMSR Trust, Series 2025-SFR1, Class C, 3.655% 6/17/2042 <sup>(c)(d)</sup>  | 878 | 805 |
| AMSR Trust, Series 2025-SFR1, Class B, 3.655% 6/17/2042 <sup>(c)(d)</sup>  | 594 | 553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES Commercial Mortgage Trust, Series 24-IND, Class A, (1-month USD CME Term SOFR + 1.69%) 6.02% <br>7/15/2041 <sup>(c)(d)(e)</sup>  | 1342 | 1346 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class A, 5.59% 11/10/2029 <sup>(c)(d)(e)</sup>  | 7479 | 7445 |
| Banc of America Commercial Mortgage, Inc., Series 2015-UBS7, Class A4, 3.705% 9/15/2048 <sup>(c)</sup>  | 500 | 498 |
| Bank Commercial Mortgage Trust, Series 2017-BNK4, Class A3, 3.362% 5/15/2050 <sup>(c)</sup>  | 10654 | 10454 |
| Bank Commercial Mortgage Trust, Series 2017-BNK4, Class A4, 3.625% 5/15/2050 <sup>(c)</sup>  | 3099 | 3031 |
| Bank Commercial Mortgage Trust, Series 2023-5YR1, Class A3, 6.26% 4/15/2056 <sup>(c)(e)</sup>  | 1465 | 1517 |
| Bank Commercial Mortgage Trust, Series 2023-5YR3, Class AS, 7.315% 9/15/2056 <sup>(c)(e)</sup>  | 4885 | 5203 |
| Bank Commercial Mortgage Trust, Series 2024-5YR8, Class A3, 5.884% 8/15/2057 <sup>(c)</sup>  | 1300 | 1351 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class A3, 5.893% 11/15/2057 <sup>(c)</sup>  | 13693 | 14237 |
| Bank Commercial Mortgage Trust, Series 2024-5YR11, Class AS, 6.139% 11/15/2057 <sup>(c)</sup>  | 1881 | 1949 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class A3, 5.902% 12/15/2057 <sup>(c)(e)</sup>  | 3820 | 3974 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class AS, 6.122% 12/15/2057 <sup>(c)(e)</sup>  | 1798 | 1860 |
| Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 8/15/2061 <sup>(c)</sup>  | 1185 | 1099 |
| Bank Commercial Mortgage Trust, Series 2019-BN18, Class A4, 3.584% 5/15/2062 <sup>(c)</sup>  | 1613 | 1521 |
| Bank Commercial Mortgage Trust, Series 2019-BN24, Class A3, 2.96% 11/15/2062 <sup>(c)</sup>  | 1649 | 1520 |
| Bank5, Series 2025-5YR14, Class A3, 5.646% 4/15/2058 <sup>(c)</sup>  | 8000 | 8275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays Commercial Mortgage Securities, LLC, Series 2018-TALL, Class A, ((1-month USD CME Term SOFR + <br> 0.047%) + 0.872%) 5.248% 3/15/2037 <sup>(c)(d)(e)</sup>  | 6045 | 5705 |
| Barclays Commercial Mortgage Securities, LLC, Series 23-5C23, Class AS, 7.455% 12/15/2056 <sup>(c)(e)</sup>  | 388 | 418 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C31, Class AS, 5.852% 12/15/2057 <sup>(c)</sup>  | 1719 | 1761 |
| Barclays Commercial Mortgage Securities, LLC, Series 2025-5C34, Class A3, 5.659% 5/15/2058 <sup>(c)</sup>  | 5654 | 5850 |
| Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 5/15/2053 <sup>(c)(e)</sup>  | 1570 | 1549 |
| Benchmark Mortgage Trust, Series 2020-B19, Class A5, 1.85% 9/15/2053 <sup>(c)</sup>  | 6824 | 5847 |
| Benchmark Mortgage Trust, Series 2024-V7, Class A3, 6.228% 5/15/2056 <sup>(c)(e)</sup>  | 4348 | 4567 |
| Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/2057 <sup>(c)</sup>  | 672 | 697 |
| Benchmark Mortgage Trust, Series 2024-V8, Class A3, 6.189% 7/15/2057 <sup>(c)</sup>  | 1987 | 2087 |
| Benchmark Mortgage Trust, Series 2024-V9, Class A3, 5.602% 8/15/2057 <sup>(c)</sup>  | 14584 | 15001 |
| Benchmark Mortgage Trust, Series 2024-V9, Class AS, 6.064% 8/15/2057 <sup>(c)(e)</sup>  | 550 | 566 |
| Benchmark Mortgage Trust, Series 2024-V10, Class A3, 5.277% 9/15/2057 <sup>(c)</sup>  | 581 | 591 |
| Benchmark Mortgage Trust, Series 2024-V11, Class A3, 5.909% 11/15/2057 <sup>(c)</sup>  | 2000 | 2082 |
| Benchmark Mortgage Trust, Series 2024-V11, Class AM, 6.201% 11/15/2057 <sup>(c)</sup>  | 1930 | 2002 |

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Short-Term Bond Fund of America — Page 24 of 35

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Benchmark Mortgage Trust, Series 2025-V14, Class A4, 5.66% 4/15/2058 <sup>(c)</sup>  | USD5,241 | $5423 |
| Benchmark Mortgage Trust, Series 2025-V14, Class AM, 6.09% 4/15/2058 <sup>(c)</sup>  | 276 | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2024-IND2, Class A, (1-month USD CME Term SOFR + 1.342%) 5.671% <br> 3/15/2041 <sup>(c)(d)(e)</sup>  | 10917 | 10936 |
| BMO Mortgage Trust, Series 2023-5C1, Class A3, 6.534% 8/15/2056 <sup>(c)(e)</sup>  | 971 | 1018 |
| BMO Mortgage Trust, Series 2023-5C1, Class AS, 7.117% 8/15/2056 <sup>(c)(e)</sup>  | 1996 | 2112 |
| BMO Mortgage Trust, Series 2023-C6, Class A5, 5.956% 9/15/2056 <sup>(c)(e)</sup>  | 370 | 387 |
| BMO Mortgage Trust, Series 2024-5C3, Class AS, 6.286% 2/15/2057 <sup>(c)(e)</sup>  | 2244 | 2323 |
| BMO Mortgage Trust, Series 2024-5C5, Class AS, 6.364% 2/15/2057 <sup>(c)(e)</sup>  | 3940 | 4104 |
| BMO Mortgage Trust, Series 2024-5C6, Class A3, 5.316% 9/15/2057 <sup>(c)</sup>  | 707 | 719 |
| BMO Mortgage Trust, Series 2024-5C8, Class AS, 5.94% 12/15/2057 <sup>(c)(e)</sup>  | 3140 | 3237 |
| BMO Mortgage Trust, Series 2025-5C9, Class A3, 5.779% 4/15/2058 <sup>(c)</sup>  | 11486 | 11926 |
| BMO Mortgage Trust, Series 2025-5C9, Class AS, 6.165% 4/15/2058 <sup>(c)(e)</sup>  | 2971 | 3090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boca Commercial Mortgage Trust, Series 2024-BOCA, Class A, (1-month USD CME Term SOFR + 1.921%) <br> 6.249% 8/15/2041 <sup>(c)(d)(e)</sup>  | 10000 | 10033 |
| BPR Trust, Series 2022-OANA, Class A, (1-month USD CME Term SOFR + 1.898%) 6.227% 4/15/2037 <sup>(c)(d)(e)</sup>  | 10157 | 10171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust, Series 2024-GPA3, Class A, (1-month USD CME Term SOFR + 1.293%) 5.622% <br> 12/15/2039 <sup>(c)(d)(e)</sup>  | 5413 | 5420 |
| BX Trust, Series 2024-FNX, Class A, (1-month USD CME Term SOFR + 1.442%) 5.771% 11/15/2026 <sup>(c)(d)(e)</sup>  | 14848 | 14878 |
| BX Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) 6.444% 6/15/2027 <sup>(c)(d)(e)</sup>  | 4773 | 4795 |
| BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) 5.771% 4/15/2029 <sup>(c)(d)(e)</sup>  | 6126 | 6141 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.87% 5/15/2034 <sup>(c)(d)(e)</sup>  | 3493 | 3498 |
| BX Trust, Series 2021-SDMF, Class A, (1-month USD CME Term SOFR + 0.703%) 5.032% 9/15/2034 <sup>(c)(d)(e)</sup>  | 16845 | 16777 |
| BX Trust, Series 2021-VOLT, Class A, (1-month USD CME Term SOFR + 0.814%) 5.143% 9/15/2036 <sup>(c)(d)(e)</sup>  | 18852 | 18765 |
| BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) 5.342% 10/15/2036 <sup>(c)(d)(e)</sup>  | 5776 | 5750 |
| BX Trust, Series 2021-SOAR, Class A, (1-month USD CME Term SOFR + 0.784%) 5.113% 6/15/2038 <sup>(c)(d)(e)</sup>  | 1598 | 1597 |
| BX Trust, Series 2021-SOAR, Class B, (1-month USD CME Term SOFR + 0.984%) 5.313% 6/15/2038 <sup>(c)(d)(e)</sup>  | 955 | 954 |
| BX Trust, Series 2021-ACNT, Class A, (1-month USD CME Term SOFR + 0.964%) 5.293% 11/15/2038 <sup>(c)(d)(e)</sup>  | 16301 | 16296 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 5.319% 2/15/2039 <sup>(c)(d)(e)</sup>  | 10634 | 10593 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 6.02% 8/15/2039 <sup>(c)(d)(e)</sup>  | 14979 | 15049 |
| BX Trust, Series 2024-BIO2, Class A, 5.413% 8/13/2041 <sup>(c)(d)(e)</sup>  | 21410 | 21525 |
| BX Trust, Series 2025-BIO3, Class A, 6.138% 2/10/2042 <sup>(c)(d)</sup>  | 15330 | 15515 |
| BXP Trust, Series 2017-GM, Class A, 3.379% 6/13/2039 <sup>(c)(d)</sup>  | 3158 | 3046 |
| CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 6.22% 7/15/2041 <sup>(c)(d)(e)</sup>  | 3180 | 3185 |
| CALI Mortgage Trust, Series 24-SUN, Class B, (1-month USD CME Term SOFR + 2.34%) 6.669% 7/15/2041 <sup>(c)(d)(e)</sup>  | 421 | 421 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 6.942% 8/15/2041 <sup>(c)(d)(e)</sup>  | 10569 | 10548 |
| CD Commercial Mortgage Trust, Series 2017-CD3, Class A4, 3.631% 2/10/2050 <sup>(c)</sup>  | 2000 | 1917 |
| CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/2050 <sup>(c)</sup>  | 3686 | 3567 |
| Citigroup Commercial Mortgage Trust, Series 2023-PRM3, Class A, 6.36% 7/10/2028 <sup>(c)(d)(e)</sup>  | 17000 | 17711 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(c)(d)(e)</sup>  | 6311 | 6478 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/2049 <sup>(c)</sup>  | 1000 | 986 |
| Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class A3, 3.515% 9/10/2058 <sup>(c)</sup>  | 710 | 709 |
| Commercial Mortgage Trust, Series 2016-COR1, Class A4, 3.091% 10/10/2049 <sup>(c)</sup>  | 4000 | 3907 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX9, Class A4, 3.176% 9/15/2050 <sup>(c)</sup>  | 318 | 312 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class A4, 3.191% 11/15/2050 <sup>(c)</sup>  | 646 | 629 |
| CSAIL Commercial Mortgage Trust, Series 2017-CX10, Class A5, 3.458% 11/15/2050 <sup>(c)(e)</sup>  | 882 | 847 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/10/2040 <sup>(c)(d)</sup>  | 5393 | 5576 |
| ELM Trust 2024, Series 2024-ELM, Class A15, 5.801% 6/10/2039 <sup>(c)(d)(e)</sup>  | 4339 | 4386 |
| ELM Trust 2024, Series 2024-ELM, Class A10, 5.801% 6/10/2039 <sup>(c)(d)(e)</sup>  | 3942 | 3985 |
| ELM Trust 2024, Series 2024-ELM, Class B10, 5.995% 6/10/2039 <sup>(c)(d)(e)</sup>  | 5283 | 5326 |
| ELM Trust 2024, Series 2024-ELM, Class B15, 5.995% 6/10/2039 <sup>(c)(d)(e)</sup>  | 4744 | 4781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD CME Term SOFR + 1.194%) 5.523% <br>7/15/2038 <sup>(c)(d)(e)</sup>  | 9107 | 9113 |
| FIVE Mortgage Trust, Series 2023-V1, Class A3, 5.668% 2/10/2056 <sup>(c)</sup>  | 7079 | 7224 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) 5.779% <br> 12/15/2029 <sup>(c)(d)(e)</sup>  | USD5,334 | $5316 |
| FS Commercial Trust, Series 2023-4SZN, Class A, 7.066% 11/10/2039 <sup>(c)(d)</sup>  | 4347 | 4469 |
| FS Trust, Series 2024-HULA, Class A, (1-month USD CME Term SOFR + 1.811%) 6.14% 8/15/2039 <sup>(c)(d)(e)</sup>  | 8000 | 8009 |
| Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) 6.02% 5/15/2041 <sup>(c)(d)(e)</sup>  | 7231 | 7242 |
| GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.31% 3/10/2041 <sup>(c)(d)(e)</sup>  | 14790 | 14814 |
| GS Mortgage Securities Trust, Series 2014-GC24, Class A5, 3.931% 9/10/2047 <sup>(c)</sup>  | 209 | 207 |
| GS Mortgage Securities Trust, Series 2020-GS1, Class A2, 3.47% 11/10/2048 <sup>(c)</sup>  | 958 | 953 |
| GS Mortgage Securities Trust, Series 2017-GS5, Class A4, 3.674% 3/10/2050 <sup>(c)</sup>  | 9075 | 8847 |
| GS Mortgage Securities Trust, Series 2017-GS6, Class A3, 3.433% 5/10/2050 <sup>(c)</sup>  | 4459 | 4326 |
| GS Mortgage Securities Trust, Series 2017-GS7, Class A4, 3.43% 8/10/2050 <sup>(c)</sup>  | 1000 | 964 |
| GS Mortgage Securities Trust, Series 2020-GSA2, Class A5, 2.012% 12/12/2053 <sup>(c)</sup>  | 2975 | 2550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.722% <br>3/15/2042 <sup>(c)(d)(e)</sup>  | 13306 | 13293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaii Hotel Trust, Series 2025-MAUI, Class B, (1-month USD CME Term SOFR + 1.742%) 6.071% <br>3/15/2042 <sup>(c)(d)(e)</sup>  | 1617 | 1612 |
| Hilton USA Trust, Series 2024-ORL, Class A, (1-month USD CME Term SOFR + 1.541%) 5.87% 5/15/2037 <sup>(c)(d)(e)</sup>  | 10250 | 10258 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.875% 5/10/2039 <sup>(c)(d)(e)</sup>  | 7830 | 7893 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(c)(d)(e)</sup>  | 23928 | 24438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class A, (1-month USD CME Term SOFR + 1.35%) 5.679% <br>3/15/2042 <sup>(c)(d)(e)</sup>  | 9982 | 9941 |
| JPMBB Commercial Mortgage Securities Trust, Series 2014-C26, Class B, 3.951% 1/15/2048 <sup>(c)</sup>  | 2333 | 2231 |
| JPMDB Commercial Mortgage Securities Trust, Series 2016-C4, Class A3, 3.141% 12/15/2049 <sup>(c)</sup>  | 2675 | 2594 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/2039 <sup>(c)(d)</sup>  | 7510 | 6849 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% 12/15/2049 <sup>(c)(e)</sup>  | 2738 | 2686 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2017-JP5, Class AS, 3.723% 3/15/2050 <sup>(c)</sup>  | 2145 | 2104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.922% 11/15/2039 <sup>(c)(d)(e)</sup>  | 4950 | 4958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.871% <br> 12/15/2039 <sup>(c)(d)(e)</sup>  | 7965 | 7958 |
| LV Trust, Series 2024-SHOW, Class A, 5.104% 10/10/2041 <sup>(c)(d)(e)</sup>  | 10198 | 10225 |
| Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 9/10/2039 <sup>(c)(d)</sup>  | 6622 | 6220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A, (1-month USD CME Term SOFR + 0.915%) <br> 5.244% 4/15/2038 <sup>(c)(d)(e)</sup>  | 1325 | 1325 |
| Morgan Stanley BAML Trust, Series 2025-5C1, Class AS, 6.011% 3/15/2030 <sup>(c)</sup>  | 5060 | 5196 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C24, Class AS, 4.036% 5/15/2048 <sup>(c)(e)</sup>  | 1000 | 993 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C25, Class ASB, 3.383% 10/15/2048 <sup>(c)</sup>  | 15 | 15 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C34, Class ASB, 3.354% 11/15/2052 <sup>(c)</sup>  | 635 | 626 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.664% 2/10/2047 <sup>(c)(d)(e)</sup>  | 2059 | 2106 |
| One Market Plaza Trust, Series 2017-1MKT, Class A, 3.614% 2/10/2032 <sup>(c)(d)</sup>  | 7505 | 7105 |
| One Market Plaza Trust, Series 2017-1MKT, Class C, 4.016% 2/10/2032 <sup>(c)(d)</sup>  | 7365 | 6649 |
| ROCC Trust, Series 2024-CNTR, Class A, 5.388% 11/13/2041 <sup>(c)(d)</sup>  | 5000 | 5069 |
| ROCC Trust, Series 2024-CNTR, Class B, 5.93% 11/13/2041 <sup>(c)(d)</sup>  | 6500 | 6638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) 5.72% <br> 5/15/2039 <sup>(c)(d)(e)</sup>  | 6371 | 6334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 5.593% <br> 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026) <sup>(c)(d)(f)</sup>  | 14780 | 14651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFO Commerical Mortgage Trust, Series 2021-555, Class B, (1-month USD CME Term SOFR + 1.614%) 5.943% <br> 5/15/2038 <sup>(c)(d)(e)</sup>  | 500 | 490 |
| SG Commercial Mortgage Securities Trust, Series 2016-C5, Class A3, 2.779% 10/10/2048 <sup>(c)</sup>  | 748 | 734 |
| SREIT Trust, Series 2021-FLWR, Class A, (1-month USD CME Term SOFR + 0.691%) 5.02% 7/15/2036 <sup>(c)(d)(e)</sup>  | 2630 | 2629 |
| SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 5.174% 11/15/2038 <sup>(c)(d)(e)</sup>  | 3630 | 3626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) <br> 5.329% 1/15/2039 <sup>(c)(d)(e)</sup>  | 16312 | 16239 |

---

Short-Term Bond Fund of America — Page 26 of 35

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Mortgage-backed obligations (continued)**<br> **Commercial mortgage-backed securities (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.772% 3/15/2042 <sup>(c)(d)(e)</sup>  | USD20,328 | $20185 |
| UBS Commercial Mortgage Trust, Series 2017-C2, Class A4, 3.487% 8/15/2050 <sup>(c)</sup>  | 2954 | 2856 |
| Wells Fargo Commercial Mortgage Trust, Series 2015-C29, Class AS, 4.013% 6/15/2048 <sup>(c)(e)</sup>  | 6749 | 6730 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4, 3.096% 6/15/2049 <sup>(c)</sup>  | 5160 | 5044 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C39, Class A5, 3.418% 9/15/2050 <sup>(c)</sup>  | 4681 | 4520 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C40, Class AS, 3.854% 10/15/2050 <sup>(c)(e)</sup>  | 1000 | 960 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class AS, 6.52% 7/15/2057 <sup>(c)</sup>  | 410 | 427 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class A3, 5.92% 11/15/2057 <sup>(c)</sup>  | 2452 | 2554 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class AS, 6.145% 11/15/2057 <sup>(c)(e)</sup>  | 3899 | 4055 |
| Wells Fargo Commercial Mortgage Trust, Series 2015-NXS-2, Class A-5, 3.767% 7/15/2058 <sup>(c)(e)</sup>  | 2525 | 2508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) <br> 7.118% 11/15/2027 <sup>(c)(d)(e)</sup>  | 17286 | 17324 |
|  |  | 767040 |
| **Total mortgage-backed obligations** |  | 3252377 |
| **Corporate bonds, notes & loans 8.19%**<br> **Financials 4.34%**<br>|  |  |
| AIB Group PLC 7.583% 10/14/2026 (USD-SOFR + 3.456% on 10/14/2025) <sup>(d)(f)</sup>  | 20000 | 20203 |
| American Express Co. 4.90% 2/13/2026  | 1250 | 1252 |
| American Express Co. 5.645% 4/23/2027 (USD-SOFR + 0.75% on 4/23/2026) <sup>(f)</sup>  | 18000 | 18166 |
| American Express Co. 4.731% 4/25/2029 (USD-SOFR + 1.26% on 4/25/2028) <sup>(f)</sup>  | 9000 | 9052 |
| American Express Co. 6.489% 10/30/2031 (USD-SOFR + 1.94% on 10/30/2030) <sup>(f)</sup>  | 4522 | 4891 |
| Bank of America Corp. 5.08% 1/20/2027 (USD-SOFR + 1.29% on 1/20/2026) <sup>(f)</sup>  | 2500 | 2506 |
| Bank of America Corp. 4.979% 1/24/2029 (USD-SOFR + 0.83% on 1/24/2028) <sup>(f)</sup>  | 5000 | 5050 |
| Bank of America Corp. 5.162% 1/24/2031 (USD-SOFR + 1.00% on 1/24/2030) <sup>(f)</sup>  | 15000 | 15227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of Ireland Group PLC 6.253% 9/16/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.65% on <br> 9/16/2025) <sup>(d)(f)</sup>  | 10000 | 10038 |
| Bank of Montreal 4.567% 9/10/2027 (USD-SOFR + 0.88% on 9/10/2026) <sup>(f)</sup>  | 10000 | 9995 |
| BPCE SA 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026) <sup>(d)(f)</sup>  | 10000 | 10063 |
| Chubb INA Holdings, LLC 3.35% 5/3/2026  | 1275 | 1263 |
| Citibank, NA 4.929% 8/6/2026  | 3000 | 3018 |
| Citigroup, Inc. 4.786% 3/4/2029 (USD-SOFR + 0.87% on 3/4/2028) <sup>(f)</sup>  | 8100 | 8113 |
| Citigroup, Inc. 2.666% 1/29/2031 (USD-SOFR + 1.146% on 1/29/2030) <sup>(f)</sup>  | 5000 | 4530 |
| Cooperatieve Rabobank UA 4.85% 1/9/2026  | 20000 | 20033 |
| Goldman Sachs Group, Inc. 5.207% 1/28/2031 (USD-SOFR + 1.078% on 1/28/2030) <sup>(f)</sup>  | 5000 | 5072 |
| Guardian Life Global Funding 0.875% 12/10/2025 <sup>(d)</sup>  | 8000 | 7849 |
| HSBC Holdings PLC 4.292% 9/12/2026 (3-month USD CME Term SOFR + 1.609% on 9/12/2025) <sup>(f)</sup>  | 20000 | 19963 |
| JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027) <sup>(f)</sup>  | 13000 | 13242 |
| JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027) <sup>(f)</sup>  | 5000 | 5026 |
| JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027) <sup>(f)</sup>  | 11295 | 11274 |
| JPMorgan Chase & Co. 5.299% 7/24/2029 (USD-SOFR + 1.45% on 7/24/2028) <sup>(f)</sup>  | 31000 | 31635 |
| JPMorgan Chase & Co. 5.012% 1/23/2030 (USD-SOFR + 1.31% on 1/23/2029) <sup>(f)</sup>  | 10000 | 10121 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(f)</sup>  | 15644 | 15556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC 5.985% 8/7/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.48% on <br> 8/7/2026) <sup>(f)</sup>  | 15000 | 15214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC 5.462% 1/5/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.375% on <br> 1/5/2027) <sup>(f)</sup>  | 1325 | 1340 |
| Mastercard, Inc. 4.10% 1/15/2028  | 15865 | 15879 |
| Mastercard, Inc. 4.55% 3/15/2028  | 6505 | 6588 |
| Met Tower Global Funding 1.25% 9/14/2026 <sup>(d)</sup>  | 20000 | 19196 |
| Metropolitan Life Global Funding I 5.00% 1/6/2026 <sup>(d)</sup>  | 10000 | 10029 |
| Metropolitan Life Global Funding I 1.875% 1/11/2027 <sup>(d)</sup>  | 16000 | 15373 |

---

Short-Term Bond Fund of America — Page 27 of 35

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Financials (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Metropolitan Life Global Funding I 4.40% 6/30/2027 <sup>(d)</sup>  | USD5,600 | $5616 |
| Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027) <sup>(f)</sup>  | 10000 | 10188 |
| Morgan Stanley 4.968% 7/14/2028 (USD-SOFR + 0.93% on 7/14/2027) <sup>(f)</sup>  | 10000 | 10086 |
| Morgan Stanley 5.23% 1/15/2031 (USD-SOFR + 1.108% on 1/15/2030) <sup>(f)</sup>  | 5000 | 5076 |
| National Australia Bank, Ltd. 5.087% 6/11/2027  | 2000 | 2032 |
| National Australia Bank, Ltd. 4.50% 10/26/2027  | 20000 | 20118 |
| New York Life Global Funding 0.95% 6/24/2025 <sup>(d)</sup>  | 17280 | 17242 |
| New York Life Global Funding 0.85% 1/15/2026 <sup>(d)</sup>  | 8000 | 7827 |
| Northwestern Mutual Global Funding 0.80% 1/14/2026 <sup>(d)</sup>  | 16215 | 15853 |
| Northwestern Mutual Global Funding 4.11% 9/12/2027 <sup>(d)</sup>  | 2500 | 2486 |
| PNC Financial Services Group, Inc. 5.102% 7/23/2027 (USD-SOFR + 0.796% on 7/23/2026) <sup>(f)</sup>  | 12500 | 12577 |
| PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028) <sup>(f)</sup>  | 2500 | 2573 |
| PNC Financial Services Group, Inc. 5.222% 1/29/2031 (USD-SOFR + 1.072% on 1/29/2030) <sup>(f)</sup>  | 10000 | 10165 |
| Royal Bank of Canada 4.965% 1/24/2029 (USD-SOFR + 0.83% on 1/24/2028) <sup>(f)</sup>  | 10000 | 10102 |
| Swedbank AB 6.136% 9/12/2026 <sup>(d)</sup>  | 20000 | 20413 |
| Toronto-Dominion Bank (The) 1.15% 6/12/2025  | 7208 | 7201 |
| Toronto-Dominion Bank (The) 4.861% 1/31/2028  | 7500 | 7575 |
| Toronto-Dominion Bank (The) 4.783% 12/17/2029  | 6000 | 6026 |
| Truist Financial Corp. 5.071% 5/20/2031 (USD-SOFR + 1.309% on 5/20/2030) <sup>(f)</sup>  | 6771 | 6803 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(f)</sup>  | 13000 | 13244 |
| Wells Fargo & Co. 5.244% 1/24/2031 (USD-SOFR + 1.11% on 1/24/2030) <sup>(f)</sup>  | 5000 | 5076 |
|  |  | 545036 |
| **Consumer discretionary 1.06%** |  |  |
| American Honda Finance Corp. 4.80% 3/5/2030  | 16702 | 16732 |
| BMW US Capital, LLC 5.05% 3/21/2030 <sup>(d)</sup>  | 10000 | 10085 |
| Daimler Trucks Finance North America, LLC 5.15% 1/16/2026 <sup>(d)</sup>  | 3343 | 3350 |
| Daimler Trucks Finance North America, LLC 2.00% 12/14/2026 <sup>(d)</sup>  | 6525 | 6277 |
| Daimler Trucks Finance North America, LLC 5.00% 1/15/2027 <sup>(d)</sup>  | 3502 | 3524 |
| Daimler Trucks Finance North America, LLC 4.95% 1/13/2028 <sup>(d)</sup>  | 22477 | 22620 |
| Daimler Trucks Finance North America, LLC 5.40% 9/20/2028 <sup>(d)</sup>  | 6068 | 6196 |
| Hyundai Capital America 5.45% 6/24/2026 <sup>(d)</sup>  | 6226 | 6259 |
| Hyundai Capital America 5.275% 6/24/2027 <sup>(d)</sup>  | 10000 | 10066 |
| Mercedes-Benz Finance North America, LLC 5.375% 11/26/2025 <sup>(d)</sup>  | 3725 | 3738 |
| Toyota Motor Credit Corp. 0.80% 1/9/2026  | 2500 | 2448 |
| Toyota Motor Credit Corp. 4.60% 1/8/2027  | 2500 | 2514 |
| Toyota Motor Credit Corp. 5.55% 11/20/2030  | 10055 | 10488 |
| Volkswagen Group of America Finance, LLC 4.95% 3/25/2027 <sup>(d)</sup>  | 9573 | 9576 |
| Volkswagen Group of America Finance, LLC 5.05% 3/27/2028 <sup>(d)</sup>  | 20000 | 19999 |
|  |  | 133872 |
| **Consumer staples 0.67%** |  |  |
| Mars, Inc. 4.45% 3/1/2027 <sup>(d)</sup>  | 8164 | 8175 |
| Mars, Inc. 4.60% 3/1/2028 <sup>(d)</sup>  | 23164 | 23278 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(d)</sup>  | 25000 | 25165 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(d)</sup>  | 7000 | 7027 |
| Philip Morris International, Inc. 4.875% 2/15/2028  | 2500 | 2535 |
| Procter & Gamble Co. 4.10% 1/26/2026  | 5254 | 5250 |
| Procter & Gamble Co. 1.00% 4/23/2026  | 2389 | 2322 |
| Walmart, Inc. 3.90% 4/15/2028  | 5000 | 4991 |
| Walmart, Inc. 4.00% 4/15/2030  | 5000 | 4977 |
|  |  | 83720 |

---

Short-Term Bond Fund of America — Page 28 of 35

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**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Corporate bonds, notes & loans (continued)**<br> **Health care 0.53%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| AbbVie, Inc. 4.80% 3/15/2027  | USD13,000 | $13129 |
| AbbVie, Inc. 4.80% 3/15/2029  | 10000 | 10147 |
| Eli Lilly and Co. 5.00% 2/27/2026  | 1250 | 1250 |
| Eli Lilly and Co. 4.75% 2/12/2030  | 15890 | 16154 |
| Johnson & Johnson 4.50% 3/1/2027  | 16500 | 16644 |
| Novartis Capital Corp. 2.00% 2/14/2027  | 3656 | 3537 |
| Roche Holdings, Inc. 4.203% 9/9/2029 <sup>(d)</sup>  | 5562 | 5538 |
|  |  | 66399 |
| **Information technology 0.39%** |  |  |
| Accenture Capital, Inc. 3.90% 10/4/2027  | 11500 | 11420 |
| Apple, Inc. 4.00% 5/10/2028  | 7500 | 7510 |
| Cisco Systems, Inc. 4.80% 2/26/2027  | 22535 | 22768 |
| Microsoft Corp. 3.40% 6/15/2027  | 7500 | 7426 |
|  |  | 49124 |
| **Energy 0.33%** |  |  |
| Chevron U.S.A., Inc. 4.687% 4/15/2030  | 9447 | 9567 |
| Qatar Energy 1.375% 9/12/2026 <sup>(d)</sup>  | 15000 | 14433 |
| Saudi Arabian Oil Co. 1.625% 11/24/2025 <sup>(d)</sup>  | 17690 | 17432 |
|  |  | 41432 |
| **Communication services 0.26%** |  |  |
| Alphabet, Inc. 4.00% 5/15/2030  | 16775 | 16608 |
| Comcast Corp. 5.10% 6/1/2029  | 10000 | 10261 |
| SBA Tower Trust 1.631% 11/15/2026 <sup>(d)</sup>  | 6741 | 6410 |
|  |  | 33279 |
| **Utilities 0.25%** |  |  |
| Florida Power & Light Co. 5.15% 6/15/2029  | 1000 | 1031 |
| Southern California Edison Co. 4.875% 2/1/2027  | 4885 | 4896 |
| Southern California Edison Co. 5.30% 3/1/2028  | 5100 | 5158 |
| Southern California Edison Co. 5.65% 10/1/2028  | 661 | 675 |
| Southern California Edison Co. 5.25% 3/15/2030  | 19900 | 20015 |
|  |  | 31775 |
| **Materials 0.24%** |  |  |
| BHP Billiton Finance (USA), Ltd. 4.875% 2/27/2026  | 8000 | 8024 |
| BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2026  | 6000 | 6067 |
| EIDP, Inc. 4.50% 5/15/2026  | 5417 | 5422 |
| Rio Tinto Finance (USA) PLC 4.875% 3/14/2030  | 10000 | 10116 |
|  |  | 29629 |
| **Real estate 0.12%** |  |  |
| Public Storage Operating Co. (USD-SOFR + 0.70%) 5.03% 4/16/2027 <sup>(e)</sup>  | 15000 | 15002 |
| **Total corporate bonds, notes & loans** |  | 1029268 |
| **Bonds & notes of governments & government agencies outside the U.S. 1.04%** |  |  |
| Abu Dhabi (Emirate of) 3.125% 10/11/2027 <sup>(d)</sup>  | 15000 | 14629 |
| Asian Development Bank 1.00% 4/14/2026  | 19197 | 18679 |
| Asian Development Bank 3.875% 9/28/2032  | 1163 | 1137 |
| Caisse d'Amortissement de la Dette Sociale 4.00% 1/25/2026 <sup>(d)</sup>  | 9184 | 9164 |
| Chile (Republic of) 4.85% 1/22/2029  | 1855 | 1870 |
| Corporacion Andina de Fomento 5.00% 1/24/2029  | 7017 | 7170 |

---

Short-Term Bond Fund of America — Page 29 of 35

------

**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Bonds & notes of governments & government agencies outside the U.S. (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| CPPIB Capital, Inc. 0.875% 9/9/2026 <sup>(d)</sup>  | USD10,154 | $9748 |
| CPPIB Capital, Inc. 4.375% 1/30/2027 <sup>(d)</sup>  | 1702 | 1707 |
| CPPIB Capital, Inc. 4.25% 7/20/2028 <sup>(d)</sup>  | 2393 | 2411 |
| European Investment Bank 4.00% 2/15/2029  | 14700 | 14735 |
| Inter-American Development Bank 0.625% 7/15/2025  | 5500 | 5476 |
| Inter-American Development Bank 4.50% 5/15/2026  | 3528 | 3538 |
| Japan Bank for International Cooperation 4.25% 1/26/2026  | 9626 | 9617 |
| Ontario Teachers' Finance Trust 0.875% 9/21/2026 <sup>(d)</sup>  | 6173 | 5916 |
| Ontario Teachers' Finance Trust 3.00% 4/13/2027 <sup>(d)</sup>  | 8000 | 7832 |
| Saskatchewan (Province of) 3.25% 6/8/2027  | 3364 | 3300 |
| Saudi Arabia (Kingdom of) 3.25% 10/26/2026  | 2000 | 1975 |
| Sweden (Kingdom of) 4.375% 1/30/2026 <sup>(d)</sup>  | 8840 | 8841 |
| Swedish Export Credit Corp. 4.375% 2/13/2026  | 2660 | 2660 |
|  |  | 130405 |
| **Municipals 0.11%**<br> **Florida 0.11%**<br>|  |  |
| Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 1.258% 7/1/2025  | 13725 | 13687 |
| **Federal agency bonds & notes 0.03%** |  |  |
| Fannie Mae 0.375% 8/25/2025 <sup>(a)</sup>  | 4033 | 3996 |
| **Total bonds, notes & other debt instruments** (cost: $11,555,098,000) |  | 11563591 |
| Short-term securities 12.02%<br> **Money market investments 12.02%**<br>| Shares |  |
| Capital Group Central Cash Fund 4.29% <sup>(i)(j)</sup>  | 15117122 | 1511712 |
| **Total short-term securities** (cost: $1,511,592,000) |  | 1511712 |
| Options purchased (equity style) 0.01% |  |  |
| Options purchased (equity style)\* |  | 634 |
| **Total options purchased (equity style)** (cost: $929,000) |  | 634 |
| **Total investment securities 104.00%** (cost: $13,067,619,000) |  | 13075937 |
| Other assets less liabilities (4.00)% |  | (502392)<br>|
| **Net assets 100.00%** |  | $12573545 |

---

<sup>\*</sup>Options purchased (equity style)

------

**Options on futures** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise <br>price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>5/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| **Call** |  |  |  |  |  |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD97.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD13,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(a)</sup><br>|
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109 |

---

Short-Term Bond Fund of America — Page 30 of 35

------

**unaudited**

<sup>\*</sup>Options purchased (equity style) (continued)

------

**Options on futures (continued)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of<br> contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration<br> date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercise<br> price<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional<br> amount<br> &nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at<br> 5/31/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD98.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1162500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $262 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $393 |
| **Put** |  |  |  |  |  |
| 20 Year U.S. Treasury Bond Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD112.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD12,300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $77 |
| 3 Month SOFR Futures Option | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95.69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 547250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $241 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $634 |

---

Futures contracts

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 5/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 3 Month SOFR Futures | Long | 3123 | 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD747,080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $70 |
| 2 Year U.S. Treasury Note Futures | Long | 28270 | 10/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5864258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6459 |
| 5 Year U.S. Treasury Note Futures | Short | 1570 | 10/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (169854)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (346)<br>|
| 10 Year U.S. Treasury Note Futures | Long | 1076 | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754 |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 6274 | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (706119)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7057)<br>|
| 20 Year U.S. Treasury Bond Futures | Short | 238 | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26842)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (239)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Short | 488 | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (56638)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (641)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(1000)<br>|

---

Swap contracts

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>5/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 5/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>5/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 5/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | 4.63358% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10/31/2025 | USD4,898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(5)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(5)<br>|
| 3.948% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/6/2026 | 19000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| SOFR | Annual | 3.62% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/30/2027 | 76559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (71)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (71)<br>|
| 3.8825% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/7/2028 | 16590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159 |
| SOFR | Annual | 3.762% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/30/2032 | 73886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (342)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (342)<br>|
| SOFR | Annual | 3.878% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12/6/2033 | 12070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (69)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (69)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(308)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(308)<br>|

---

Short-Term Bond Fund of America — Page 31 of 35

------

**unaudited**

Investments in affiliates

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>9/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>5/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 12.02%** | **Short-term securities 12.02%** | **Short-term securities 12.02%** | **Short-term securities 12.02%** | **Short-term securities 12.02%** | **Short-term securities 12.02%** | **Short-term securities 12.02%** | **Short-term securities 12.02%** |
| **Money market investments 12.02%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.29% <sup>(i)</sup> <br>| $1563407 | &nbsp;&nbsp; $3925578 | &nbsp;&nbsp; $3977033 | &nbsp;&nbsp; $71 | &nbsp;&nbsp; $(311)<br>| &nbsp;&nbsp; $1511712 | &nbsp;&nbsp; $41988 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $35,715,000, which represented 0.28% of the net assets of the fund. 

<sup>(b)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(c)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(d)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $4,415,703,000, which represented 35.12% of the net assets of the fund. 

<sup>(e)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(f)</sup> Step bond; coupon rate may change at a later date.

<sup>(g)</sup> Amount less than one thousand.

<sup>(h)</sup> Represents securities transacted on a TBA basis.

<sup>(i)</sup> Rate represents the seven-day yield at 5/31/2025.

<sup>(j)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

Short-Term Bond Fund of America — Page 32 of 35

------

**unaudited**

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs <br> that include, but are not limited to, financial statements and debt contracts<br>|

---

The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. The average month-end notional amount of options on futures while held was $3,193,346,000. The average month-end notional amount of futures contracts while held was $8,388,191,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract. The average month-end notional amounts of interest rate swaps while held were $165,379,000.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Short-Term Bond Fund of America — Page 33 of 35

------

**unaudited**

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of May 31, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury bonds & notes | $— | $3808703 | $— | $3808703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-backed obligations |  | 3325155 |  | 3325155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed obligations |  | 3252377 |  | 3252377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans |  | 1029268 |  | 1029268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 130405 |  | 130405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipals |  | 13687 |  | 13687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal agency bonds & notes |  | 3996 |  | 3996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  | 1511712 |  |  | 1511712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options purchased on futures (equity style) | 634 |  |  | 634 |
| Total | $1512346 | $11563591 | $— | $13075937 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments\* | Other investments\* | Other investments\* | Other investments\* |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts | $7283 | $— | $— | $7283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared interest rate swaps |  | 179 |  | 179 |
| **Liabilities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts | (8283)<br>|  |  | (8283)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on centrally cleared interest rate swaps |  | (487)<br>|  | (487)<br>|
| Total  | $(1000)<br>| $(308)<br>| $— | $(1308)<br>|

---

\*

Futures contracts and interest rate swaps are not included in the fund's investment portfolio.

Short-Term Bond Fund of America — Page 34 of 35

------

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Key to abbreviation(s)** |
| Assn. = Association |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| CMO = Collateralized Mortgage Obligations |
| Fin. = Finance |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

MFGEFP3-048-0725

Short-Term Bond Fund of America — Page 35 of 35

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Short-Term Bond Fund of America

- **b. Investment Company Act file number:** 811-21928

- **c. CIK number of Registrant:** 0001368040

- **d. LEI of Registrant:** P0F9XIISTZ8DB31ZU527

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

  - **Street Address 1:** 333 South Hope Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071-1406

  - **Telephone number:** 9499755000

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

- **a. Name of Series:** Short-Term Bond Fund of America

- **b. EDGAR series identifier (if any):** S000013585

- **c. LEI of Series:** P0F9XIISTZ8DB31ZU527

**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:** $13808864999.11

**Total Liabilities:** $1274018455.75

**Net Assets:** $12534846543.36

**Cash Not Reported:** $2066889.66

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -40128.126050000000 | **1-Year:** -385627.376600000000 | **5-Year:** -386460.482400000000 | **10-Year:** -144970.530400000000 | **30-Year:** -65885.485760000000

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

- **3-Month:** -2181.457232000000 | **1-Year:** -29312.592940000000 | **5-Year:** -16464.591240000000 | **10-Year:** -1793.189248000000 | **30-Year:** -71.855795500000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000036818 | 0.34%                | 0.75%                | -0.08%               |
| Class ID C000036819 | 0.34%                | 0.75%                | -0.08%               |
| Class ID C000036820 | 0.34%                | 0.75%                | -0.08%               |
| Class ID C000036821 | 0.36%                | 0.76%                | -0.07%               |
| Class ID C000036822 | 0.28%                | 0.69%                | -0.15%               |
| Class ID C000036823 | 0.39%                | 0.70%                | -0.25%               |
| Class ID C000036824 | 0.32%                | 0.72%                | -0.10%               |
| Class ID C000036825 | 0.35%                | 0.75%                | -0.08%               |
| Class ID C000036826 | 0.37%                | 0.77%                | -0.05%               |
| Class ID C000037879 | 0.28%                | 0.70%                | -0.15%               |
| Class ID C000037881 | 0.38%                | 0.69%                | -0.26%               |
| Class ID C000037882 | 0.43%                | 0.73%                | -0.21%               |
| Class ID C000068533 | 0.36%                | 0.77%                | -0.06%               |
| Class ID C000077916 | 0.37%                | 0.78%                | -0.15%               |
| Class ID C000148417 | 0.42%                | 0.71%                | -0.22%               |
| Class ID C000164812 | 0.36%                | 0.76%                | -0.06%               |
| Class ID C000180010 | 0.37%                | 0.78%                | -0.05%               |
| Class ID C000189523 | 0.36%                | 0.77%                | -0.17%               |
| Class ID C000189524 | 0.47%                | 0.66%                | -0.06%               |
| Class ID C000224563 | 0.37%                | 0.77%                | -0.06%               |
| Class ID C000224564 | 0.37%                | 0.77%                | -0.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8520608.26              | $-13652507.54                              |
| Month 2  | $3003134.95              | $17536412.70                               |
| Month 3  | $-2309405.47             | $-33199873.80                              |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Government/Credit (1-3 years, ex BBB) Index

- **Index Identifier:** BGCBTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GCAR 2024-4A                                                      | GCAR 24-4 A3 144A 4.75% 07-17-28/08-17-26                                        | CUSIP: 36270YAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3110000 | PA      | $3110905.01    | 0.02%             | 2028-07-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GALC 2023-1                                                       | GALC 23-1 B 144A 5.21% 03-15-30/07-15-27                                         | CUSIP: 39154TCE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505635.00     | 0.00%             | 2030-03-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-1A                                                      | GSAR 25-1 C 144A 5.26% 03-15-31/04-16-29                                         | CUSIP: 36271FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    122000 | PA      | $123012.23     | 0.00%             | 2031-03-15      | Fixed         | 5.26%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2025-1A                                                      | GSAR 25-1 A2 144A 4.71% 04-15-30/4-17-28                                         | CUSIP: 36271FAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12338000 | PA      | $12343416.38   | 0.10%             | 2030-04-15      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-1A                                                      | GCAR 25-1 A3 144A 4.77% 09-15-28                                                 | CUSIP: 36271KAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5982000 | PA      | $5996727.68    | 0.05%             | 2028-09-15      | Fixed         | 4.77%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-1A                                                      | GCAR 25-1 A2 144A 4.68% 12-15-27                                                 | CUSIP: 36271KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13472000 | PA      | $13467096.19   | 0.11%             | 2027-12-15      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| GALC 2025-1                                                       | GALC 25-1 A3 144A 4.49% 04-16-29/10-16-28                                        | CUSIP: 39154GAJ5<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   4213000 | PA      | $4211167.35    | 0.03%             | 2029-04-16      | Fixed         | 4.49%                 | Yes           |                  2 | On Loan: No      |
| GALC 2025-1                                                       | GALC 25-1 A2 144A 4.52% 10-15-27/04-15-27                                        | CUSIP: 39154GAH9<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   8062000 | PA      | $8056453.34    | 0.06%             | 2027-10-15      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TRUST GFORT_25-2                    | GFORT 25-2 A1 144A 4.56% 03-15-30/28                                             | CUSIP: 361886EB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18084000 | PA      | $18207314.80   | 0.15%             | 2030-03-15      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| GFORT 2025-1A                                                     | GFORT 25-1 A1 144A 4.59% 03-15-29/27                                             | CUSIP: 361886DV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3101000 | PA      | $3108603.65    | 0.02%             | 2029-03-15      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-2A                                                      | GCAR 25-2 A2 144A 4.75% 03-15-28/07-15-26                                        | CUSIP: 37989BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14000000 | PA      | $14004522.00   | 0.11%             | 2028-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-2A                                                      | GCAR 25-2 B 144A 4.97% 10-15-29/11-15-27                                         | CUSIP: 37989BAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1983000 | PA      | $1995447.29    | 0.02%             | 2029-10-15      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2025-2A                                                      | GCAR 25-2 A3 144A 4.75% 01-16-29/02-16-27                                        | CUSIP: 37989BAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14527000 | PA      | $14550693.54   | 0.12%             | 2029-01-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GMALT 2025-2                                                      | GMALT 25-2 A3 4.58% 05-22-28                                                     | CUSIP: 362962AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1982000 | PA      | $1991095.40    | 0.02%             | 2028-05-22      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| GALC 2024-1                                                       | GALC 24-1 A3 144A 4.98% 01-18-28                                                 | CUSIP: 39154TCJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1710000 | PA      | $1721075.67    | 0.01%             | 2028-01-18      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| GCI 2020-1                                                        | GCI 20-1 A 144A 2.82% 10-18-45/30                                                | CUSIP: 36166VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6354168 | PA      | $5949318.98    | 0.05%             | 2045-10-18      | Fixed         | 2.82%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_21-2                            | HERTZ 21-2A A 144A 1.68% 12-27-27/12-28-26                                       | CUSIP: 42806MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  56849000 | PA      | $54394430.73   | 0.43%             | 2027-12-27      | Fixed         | 1.68%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_22-1                        | HERTZ 22-1A A 144A 1.99% 06-25-26/25                                             | CUSIP: 42806MAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1535833 | PA      | $1532901.45    | 0.01%             | 2026-06-25      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_22-4                        | HERTZ 22-4A A 144A 3.73% 09-25-26/25                                             | CUSIP: 42806MBA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17906667 | PA      | $17871766.67   | 0.14%             | 2026-09-25      | Fixed         | 3.73%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_22-5                        | HERTZ 22-5A A 144A 3.89% 09-25-28/09-27-27                                       | CUSIP: 42806MBJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2940333.00    | 0.02%             | 2028-09-25      | Fixed         | 3.89%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-5                                                      | SDART 24-5 A3 4.62% 11-15-28                                                     | CUSIP: 802920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7280000 | PA      | $7277648.56    | 0.06%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SSTRT 2025-A                                                      | SSTRT 25-A B 144A 5.038% 07-25-31/04-25-28                                       | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | US        |   1103629 | PA      | $1109073.46    | 0.01%             | 2031-07-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT TRUST LLC SCFET_25-1                                | SCFET 25-1 A3 144A 5.11% 11-21-33                                                | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2972000 | PA      | $3013634.75    | 0.02%             | 2033-11-21      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-2                               | TPMT 17-2 A4 144A FRN 04-25-57                                                   | CUSIP: 89173HAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    473823 | PA      | $465783.33     | 0.00%             | 2057-04-25      | Variable      | 3.66%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES OWNER TRUST TAOT_23-A                     | TAOT 23-A A3 4.63% 09-15-27                                                      | CUSIP: 891940AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8617371 | PA      | $8619534.44    | 0.07%             | 2027-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-2                               | TPMT 19-2 A1 144A 3.74375% 12-25-58                                              | CUSIP: 89177JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1929377 | PA      | $1862181.05    | 0.01%             | 2058-12-25      | Variable      | 3.71%                 | Yes           |                  2 | On Loan: No      |
| TICP CLO LTD TICP_18-12A                                          | TICP 2018-12A AR CLO FRN (TSFR3M+143.16) 07-15-34                                | CUSIP: 87250FAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2004458.00    | 0.02%             | 2034-07-15      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-2                               | TPMT 17-2 A2 144A FRN 04-25-57                                                   | CUSIP: 89173HAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    644735 | PA      | $641458.26     | 0.01%             | 2057-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-1                               | TPMT 16-1 B1 144A FRN 02-25-55                                                   | CUSIP: 89172EAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1830000 | PA      | $1799775.72    | 0.01%             | 2055-02-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES OWNER TRUST TAOT_23-C                     | TAOT 23-C A3 5.16% 04-17-28/12-15-26                                             | CUSIP: 89231FAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6004000 | PA      | $6035869.23    | 0.05%             | 2028-04-17      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES OWNER TRUST TAOT_24-A                     | TAOT 24-A A3 4.83% 10-16-28                                                      | CUSIP: 89238DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8021000 | PA      | $8061088.96    | 0.06%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES OWNER TRUST TAOT_24-A                     | TAOT 24-A A4 4.77% 04-16-29                                                      | CUSIP: 89238DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3293000 | PA      | $3320792.92    | 0.03%             | 2029-04-16      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| TRINITAS CLO LTD TRNTS_20-12                                      | TRNTS 20-12 A1R CLO 144A FRN (TSFR3M+137) 04-25-33                               | CUSIP: 89641GAN2<br>LEI: 254900G1XMKSN9WBVL66 | Long             | ABS-O            | CORP              | US        |   1628000 | PA      | $1630007.32    | 0.01%             | 2033-04-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE US TRUST TMUST_24-1                                      | TMUST 24-1 A 144A 5.05% 09-20-29/02-22-27                                        | CUSIP: 87267RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14656000 | PA      | $14759955.01   | 0.12%             | 2029-09-20      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| TRNTS 2018-9A                                                     | TRNTS 18-9 ARRR CLO 144A FRN (TSFR3M+120) 01-20-32                               | CUSIP: 89641JAW6<br>LEI: 549300QFERVNPGSISO16 | Long             | ABS-O            | CORP              | US        |   4913699 | PA      | $4914828.83    | 0.04%             | 2032-01-20      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| TPRK 2021-1A                                                      | TPRK 21-1 A1R CLO 144A FRN (TSFR3M+105) 04-15-34                                 | CUSIP: 884887AN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  23898000 | PA      | $23869609.18   | 0.19%             | 2034-04-15      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| TAST 2025-1A                                                      | TAST 25-1 A 144A 4.94% 02-15-29/05-17-27                                         | CUSIP: 89617CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19559706 | PA      | $19548889.26   | 0.16%             | 2029-02-15      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| TRAL 2018-5A                                                      | TRAL 18-5 C1RR CLO 144A FRN (TSFRM+200) 10-20-34                                 | CUSIP: 89300JBJ6<br>LEI: 54930005YIOSJ9Z81114 | Long             | ABS-O            | CORP              | US        |   3150000 | PA      | $3125984.40    | 0.02%             | 2034-10-20      | Variable      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| TCW CLO LTD TCW_19-1R                                             | TCW 19-1R AJR CLO 144A FRN (TSFR3M+160.9) 08-16-34                               | CUSIP: 87241EAS4<br>LEI: 549300RWQDI4UTTLDE63 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1001670.00    | 0.01%             | 2034-08-16      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-4                               | TPMT 17-4 A1 144A FRN 06-25-57                                                   | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2067813 | PA      | $2012472.11    | 0.02%             | 2057-06-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-2                               | TPMT 18-2 A1 144A FRN 03-25-58                                                   | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3859763 | PA      | $3810107.40    | 0.03%             | 2058-03-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-3                               | TPMT 18-3 A1 144A FRN 05-25-58                                                   | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3988862 | PA      | $3904341.72    | 0.03%             | 2058-05-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-1                               | TPMT 19-1 A1 144A FRN 03-25-58/11-27-28                                          | CUSIP: 89177BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4006572 | PA      | $3884163.43    | 0.03%             | 2058-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                           | MERCEDES-BENZ FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 5.375% 11-26-25       | CUSIP: 58769JAB3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   3725000 | PA      | $3737776.75    | 0.03%             | 2025-11-26      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I                                | METROPOLITAN LIFE GLOBAL FUNDING I GIC 144A LIFE SR SEC 1ST LIEN 5.0% 01-06-26   | CUSIP: 592179KD6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10029230.00   | 0.08%             | 2026-01-06      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD (NEW YORK BRANCH)                     | NATIONAL AUSTRALIA BANK LTD SR UNSEC 5.087% 06-11-27                             | CUSIP: 63253QAJ3<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2031990.00    | 0.02%             | 2027-06-11      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                         | TORONTO-DOMINION BANK SR UNSEC 4.783% 12-17-29                                   | CUSIP: 89115A3C4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   6000000 | PA      | $6025914.00    | 0.05%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                          | TOYOTA MOTOR CREDIT CORP SR UNSEC 4.6% 01-08-27                                  | CUSIP: 89236TMY8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2513565.00    | 0.02%             | 2027-01-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                         | TORONTO-DOMINION BANK SR UNSEC 4.861% 01-31-28                                   | CUSIP: 89115A3E0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   7500000 | PA      | $7575015.00    | 0.06%             | 2028-01-31      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                         | TORONTO-DOMINION BANK SR UNSEC 1.15% 06-12-25                                    | CUSIP: 89114QCH9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   7208000 | PA      | $7201347.02    | 0.06%             | 2025-06-12      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                          | TOYOTA MOTOR CREDIT CORP SR UNSEC 0.8% 01-09-26                                  | CUSIP: 89236THW8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2448100.00    | 0.02%             | 2026-01-09      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                          | TOYOTA MOTOR CREDIT CORP SR UNSEC 5.55% 11-20-30                                 | CUSIP: 89236TLE3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  10055000 | PA      | $10488280.01   | 0.08%             | 2030-11-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                           | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 144A LIFE SR UNSEC 5.05% 03-27-28        | CUSIP: 928668CP5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19999020.00   | 0.16%             | 2028-03-27      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                           | VOLKSWAGEN GROUP OF AMERICA FINANCE LLC 144A LIFE SR UNSEC 4.95% 03-25-27        | CUSIP: 928668CN0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   9573000 | PA      | $9575891.05    | 0.08%             | 2027-03-25      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                  | WELLS FARGO & CO SR UNSEC 5.707% 04-22-28/27                                     | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13244309.00   | 0.11%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & CO                                                  | WELLS FARGO & CO SR UNSEC 5.244% 01-24-31/30                                     | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5076160.00    | 0.04%             | 2031-01-24      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                       | WALMART INC SR UNSEC 3.9% 04-15-28                                               | CUSIP: 931142FB4<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4991005.00    | 0.04%             | 2028-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                       | WALMART INC SR UNSEC 4.0% 04-15-30                                               | CUSIP: 931142FC2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4977015.00    | 0.04%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAISSE AMORTISSEMENT DE LA DETTE SOCIALE                          | CADES 144A LIFE SR UNSEC 4.0% 01-25-26                                           | CUSIP: 12802D2L9<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | USGA              | FR        |   9184000 | PA      | $9163528.86    | 0.07%             | 2026-01-25      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                 | CPPIB CAPITAL 144A LIFE SR UNSEC 4.25% 07-20-28                                  | CUSIP: 22411VAZ1<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | USGA              | CA        |   2393000 | PA      | $2410754.86    | 0.02%             | 2028-07-20      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                 | CPPIB CAPITAL 144A LIFE SR UNSEC 4.375% 01-30-27                                 | CUSIP: 22411VBA5<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | USGA              | CA        |   1702000 | PA      | $1707427.85    | 0.01%             | 2027-01-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                 | CPPIB CAPITAL 144A LIFE SR UNSEC 0.875% 09-09-26                                 | CUSIP: 22411VAU2<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | USGA              | CA        |  10154000 | PA      | $9748468.53    | 0.08%             | 2026-09-09      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNMA 0.375% 08-25-25                                                             | CUSIP: 3135G05X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   4033000 | PA      | $3996054.49    | 0.03%             | 2025-08-25      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| JAPAN BANK FOR INTERNATIONAL COOPERATION                          | JBIC GLOBAL SR UNSEC 4.25% 01-26-26                                              | CUSIP: 471048CV8<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | USGA              | JP        |   9626000 | PA      | $9616893.80    | 0.08%             | 2026-01-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ONTARIO TEACHERS FINANCE TRUST                                    | ONTARIO TEACHERS FINANCE 144A LIFE SR UNSEC 3.0% 04-13-27                        | CUSIP: 68329AAL2<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | USGA              | CA        |   8000000 | PA      | $7832020.00    | 0.06%             | 2027-04-13      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| ONTARIO TEACHERS FINANCE TRUST                                    | ONTARIO TEACHERS FINANCE 144A LIFE UNSEC 0.875% 09-21-26                         | CUSIP: 68329AAK4<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | USGA              | CA        |   6173000 | PA      | $5915647.01    | 0.05%             | 2026-09-21      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-3                                 | CHAOT 24-3 A3 144A 5.22% 07-25-29/01-25-28                                       | CUSIP: 16144LAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1120000 | PA      | $1132732.16    | 0.01%             | 2029-07-25      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-3                                 | CHAOT 24-3 A4 144A 5.08% 12-25-29/10-25-28                                       | CUSIP: 16144LAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    940000 | PA      | $955630.32     | 0.01%             | 2029-12-25      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-C                                                        | CPS 24-C C 144A 5.76% 10-15-30/05-17-27                                          | CUSIP: 223920AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1589000 | PA      | $1607394.26    | 0.01%             | 2030-10-15      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_20-2                                         | CLIF 20-2A A 144A 2.03% 09-15-45                                                 | CUSIP: 12563LAQ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2362107 | PA      | $2185074.04    | 0.02%             | 2045-09-15      | Fixed         | 2.03%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_20-3                                         | CLIF 20-3A A 144A 2.07% 10-18-45                                                 | CUSIP: 12563LAS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4168842 | PA      | $3859688.73    | 0.03%             | 2045-10-18      | Fixed         | 2.07%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_22-2                                    | DTAOT 22-2A C 144A 4.72% 03-15-28/07-15-25                                       | CUSIP: 23345AAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1619143 | PA      | $1619361.60    | 0.01%             | 2028-03-15      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| DISCOVER CARD EXECUTION NOTE TRUST DCENT_22-A1                    | DCENT 22-A3 A3 3.56% 07-15-27/25                                                 | CUSIP: 254683CW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12857000 | PA      | $12841404.46   | 0.10%             | 2027-07-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-1                                    | DTAOT 23-1 C 144A 5.55% 10-16-28/12-15-25                                        | CUSIP: 23346KAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5316000 | PA      | $5328572.34    | 0.04%             | 2028-10-16      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_18-60A                              | DRSLF 18-60 A CLO 144A FRN (TSFR3M+131.16) 07-15-31                              | CUSIP: 26251NAB6<br>LEI: 549300KI3ILQQHC87U86 | Long             | ABS-O            | CORP              | KY        |    567877 | PA      | $568393.21     | 0.00%             | 2031-07-15      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_15-37A                              | DRSLF 15-37 AR CLO 144A FRN (TSFR3M+136.16) 01-15-31                             | CUSIP: 26249MAN7<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |   1007240 | PA      | $1008152.17    | 0.01%             | 2031-01-15      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-3                                    | DTAOT 23-3 C 144A 6.4% 05-15-29/07-15-26                                         | CUSIP: 23345WAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1187000 | PA      | $1204209.13    | 0.01%             | 2029-05-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST DTAOT_23-3                                    | DTAOT 23-3 A 144A 6.29% 08-16-27/05-15-25                                        | CUSIP: 23345WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328969 | PA      | $329321.37     | 0.00%             | 2027-08-16      | Fixed         | 6.29%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2024-1                                                      | DRIVE 24-1 B 5.31% 01-16-29/10-15-26                                             | CUSIP: 26208WAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1626000 | PA      | $1632360.91    | 0.01%             | 2029-01-16      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-1                                                      | DRIVE 24-1 C 5.43% 11-17-31/10-15-27                                             | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2892000 | PA      | $2927953.34    | 0.02%             | 2031-11-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-1                                                      | DRIVE 24-1 A3 5.35% 02-15-28/12-15-25                                            | CUSIP: 26208WAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7036532 | PA      | $7044926.22    | 0.06%             | 2028-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DEFT 2024-1                                                       | DEFT 24-1 A3 144A 5.39% 03-22-30/12-22-26                                        | CUSIP: 24702GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10083410.00   | 0.08%             | 2030-03-22      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| DEFT 2024-1                                                       | DEFT 24_1 A2 144A 5.58% 03-22-30/11-24-25                                        | CUSIP: 24702GAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    589304 | PA      | $590757.28     | 0.00%             | 2030-03-22      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST DTRT_24-1                             | DTRT 24-1 A2 5.6% 04-15-26/08-15-25                                              | CUSIP: 233874AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3287870 | PA      | $3291352.15    | 0.03%             | 2026-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST DTRT_24-1                             | DTRT 24-1 A3 5.49% 12-15-27/04-15-27                                             | CUSIP: 233874AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3293000 | PA      | $3318016.92    | 0.03%             | 2027-12-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| DLLAD 2024-1A                                                     | DLLAD 24-1 A3 144A 5.30% 07-20-29/06-20-28                                       | CUSIP: 23346MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1227000 | PA      | $1245906.84    | 0.01%             | 2029-07-20      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| DLLAD 2024-1A                                                     | DLLAD 24-1 A2 144A 5.50% 08-20-27/06-22-26                                       | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3088983 | PA      | $3102771.89    | 0.02%             | 2027-08-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2024-2                                                      | DRIVE 24-2 A3 4.5% 09-15-28/07-15-26                                             | CUSIP: 26207AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3733000 | PA      | $3727344.51    | 0.03%             | 2028-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DRIVE 2024-2                                                      | DRIVE 24-2 B 4.52% 07-16-29/03-15-27                                             | CUSIP: 26207AAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3118000 | PA      | $3112250.41    | 0.02%             | 2029-07-16      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| GSAR 2024-4A                                                      | GSAR 24-4 A2 144A 4.43% 12-17-29/01-18-28                                        | CUSIP: 36271BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8758027 | PA      | $8733925.12    | 0.07%             | 2029-12-17      | Fixed         | 4.43%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-4A                                                      | GSAR 24-4 B 144A 4.50% 11-15-30/06-15-28                                         | CUSIP: 36271BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    780000 | PA      | $778315.98     | 0.01%             | 2030-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-4A                                                      | GCAR 24-4 A2 144A 4.76% 10-15-27/02-17-26                                        | CUSIP: 36270YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1281661 | PA      | $1281566.44    | 0.01%             | 2027-10-15      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-4                        | HERTZ 23-4 A 144A 6.15% 03-25-30/03-26-29                                        | CUSIP: 42806MCE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12980000 | PA      | $13459909.54   | 0.11%             | 2030-03-25      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST HALST_24-A                | HALST 24-A A4 144A 5.07% 02-15-28/06-15-26                                       | CUSIP: 448988AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1425000 | PA      | $1432582.43    | 0.01%             | 2028-02-15      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| NMEF 2023-A                                                       | NMEF 23 A2 144A 6.57% 06-17-30                                                   | CUSIP: 62890QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1302890 | PA      | $1311898.17    | 0.01%             | 2030-06-17      | Fixed         | 6.57%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_20-RPL1                  | NZRT 20-RPL1 A1 144A FRN 11-25-59                                                | CUSIP: 64828XAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4785424 | PA      | $4576440.16    | 0.04%             | 2059-11-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT STUDENT LOAN TRUST NAVSL_21-A                             | NAVSL 21-A A 144A 0.84% 05-15-69/03-15-29                                        | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2349530 | PA      | $2130682.82    | 0.02%             | 2069-05-15      | Fixed         | 0.84%                 | Yes           |                  2 | On Loan: No      |
| PFS FINANCING CORP PFSFC_23-D                                     | PFSFC 2023-D A 144A FRN 08-16-27                                                 | CUSIP: 69335PFA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3590000 | PA      | $3594878.81    | 0.03%             | 2027-08-16      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-1A                                                      | PART 24-1 B 144A 5.71% 05-15-28/03-16-26                                         | CUSIP: 74113QAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1060000 | PA      | $1063675.02    | 0.01%             | 2028-05-15      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| PPMC 2019-2A                                                      | PPMC 19-2 CR2 CLO 144A FRN (TSFR3M+280) 04-16-37                                 | CUSIP: 69377PAY0<br>LEI: 549300JBW1DIZLGMSY83 | Long             | ABS-O            | CORP              | KY        |   3000000 | PA      | $3012150.00    | 0.02%             | 2037-04-16      | Variable      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-1                                                      | PKAIR 24-1 A1 144A 5.842% 09-15-39                                               | CUSIP: 69291VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3606297 | PA      | $3641202.31    | 0.03%             | 2039-09-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-1                                                      | PKAIR 2024-1 AF 144A FRN 09-15-39                                                | CUSIP: 69291VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1284260 | PA      | $1286104.09    | 0.01%             | 2039-09-15      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2024-1A                                                      | PEAC 24-1A A3 144A 5.64% 11-20-30/02-22-28                                       | CUSIP: 69433BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $9205443.00    | 0.07%             | 2030-11-20      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2024-1A                                                      | PEAC 24-1A A2 144A 5.79% 06-21-27/12-21-26                                       | CUSIP: 69433BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16461671 | PA      | $16574186.11   | 0.13%             | 2027-06-21      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| PG&E RECOVERY FUNDING LLC PCG_24-A                                | PG&E RECOVERY FUNDING LLC SR UNSEC SF 4.838% 06-01-33                            | CUSIP: 71710TAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4801000 | PA      | $4812767.25    | 0.04%             | 2033-06-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST PART_23-2                         | PART_23-2A A2 144A 6.24% 01-15-27/04-15-25                                       | CUSIP: 74113VAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204783 | PA      | $204942.18     | 0.00%             | 2027-01-15      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| PFS FINANCING CORP PFSFC_24-F                                     | PFSFC 24-F A 144A 4.75% 08-15-29/08-16-27                                        | CUSIP: 69335PFP5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7918000 | PA      | $7963663.11    | 0.06%             | 2029-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| PILOT 2024-1A                                                     | PILOT 24-1 A2A 144A 4.84% 01-20-27                                               | CUSIP: 73328AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1978676 | PA      | $1980114.40    | 0.02%             | 2027-01-20      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| PILOT 2024-1A                                                     | PILOT 24-1 A3 144A 4.67% 11-22-27                                                | CUSIP: 73328AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4582000 | PA      | $4592698.97    | 0.04%             | 2027-11-22      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-2A                                                      | PART 24-2 B 144A 4.56% 02-15-29/02-16-27                                         | CUSIP: 74113SAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    515000 | PA      | $513095.53     | 0.00%             | 2029-02-15      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| PART 2024-2A                                                      | PART 24-2 A2 144A 4.72% 02-15-28/04-15-26                                        | CUSIP: 74113SAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13079592 | PA      | $13075798.62   | 0.10%             | 2028-02-15      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| PKAIR 2024-2                                                      | PKAIR 24-2 A 144A 5.052% 10-15-39/05-15-30                                       | CUSIP: 69381EAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4435013 | PA      | $4406987.72    | 0.04%             | 2039-10-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD PSTAT_22-4                         | PSTAT 22-4 A1RN CLO 144A FRN (TSFR3M+100) 07-24-31                               | CUSIP: 69702YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4871458 | PA      | $4872822.00    | 0.04%             | 2031-07-24      | Variable      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2024-2A                                                      | PEAC 24-2 A2 144A 4.74% 04-20-27/09-21-26                                        | CUSIP: 69392BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14865711 | PA      | $14862291.97   | 0.12%             | 2027-04-20      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2024-2A                                                      | PEAC 24-2 A3 144A 4.65% 10-20-31/05-20-27                                        | CUSIP: 69392BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1463000 | PA      | $1464170.40    | 0.01%             | 2031-10-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-3                               | TPMT 15-3 B1 144A FRN 03-25-54/04-25-29                                          | CUSIP: 89172HAE7<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3453457.00    | 0.03%             | 2054-03-25      | Variable      | 4.24%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-6                               | TPMT 18-6 A1A 144A FRN 03-25-58                                                  | CUSIP: 89176LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    792796 | PA      | $784459.29     | 0.01%             | 2058-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TCI-FLATIRON CLO LTD TFLAT_16-1A                                  | TFLAT 16-1A AR3 CLO 144A FRN (TSFR3M+110) 01-17-32                               | CUSIP: 87230AAW6<br>LEI: 549300EEOTVLW827QY91 | Long             | ABS-O            | CORP              | US        |     91551 | PA      | $91537.20      | 0.00%             | 2032-01-17      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD TMCL_20-1                     | TMCL 20-1A A 144A 2.73% 08-21-45/05-21-29                                        | CUSIP: 88315LAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3606083 | PA      | $3444173.51    | 0.03%             | 2045-08-21      | Fixed         | 2.73%                 | Yes           |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE LLC TCF_20-1                             | TCF 20-1 A 144A 2.11% 09-20-45/05-20-30                                          | CUSIP: 89680HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11559867 | PA      | $10668993.92   | 0.09%             | 2045-09-20      | Fixed         | 2.11%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS IV LTD TCML_20-2                      | TMCL 20-2A A 144A 2.10% 09-20-45/06-20-30                                        | CUSIP: 88315LAG3<br>LEI: 549300WW1K7EYP0YPC14 | Long             | ABS-O            | CORP              | BM        |   4607731 | PA      | $4279144.16    | 0.03%             | 2045-09-20      | Fixed         | 2.10%                 | Yes           |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC TAL_20-1A                                   | TAL 20-1A A 144A 2.05% 09-20-45/05-21-29                                         | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7204260 | PA      | $6757610.29    | 0.05%             | 2045-09-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| TRITON INTERNAL FINANCE TIF_21-1A                                 | TIF 21-1A A 144A 1.65% 02-20-46                                                  | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12569998 | PA      | $11239313.23   | 0.09%             | 2046-02-20      | Fixed         | 1.65%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD                               | TMCL 21-1A A 144A 1.68% 02-20-46/08-21-28                                        | CUSIP: 88315LAL2<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |   9830040 | PA      | $9001986.92    | 0.07%             | 2046-02-20      | Fixed         | 1.68%                 | Yes           |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE LLC TCF_21-1                             | TCF 21-1A A 144A 1.86% 03-20-46/12-20-30                                         | CUSIP: 89680HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3923437 | PA      | $3551601.54    | 0.03%             | 2046-03-20      | Fixed         | 1.86%                 | Yes           |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD TMCL_21-2                     | TMCL 21-2A A 144A 2.23% 04-20-46                                                 | CUSIP: 88315LAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10010447 | PA      | $9212283.68    | 0.07%             | 2046-04-20      | Fixed         | 2.23%                 | Yes           |                  2 | On Loan: No      |
| NEW ECONOMY ASSETS - PHASE I ISSUER LLC USRE_21-1                 | USRE 21-1 A1 144A 1.91% 10-20-61/26                                              | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  50385000 | PA      | $47325219.72   | 0.38%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST UACST_25-1                | UACST 25-1 A 144A 4.80% 06-10-27/04-10-26                                        | CUSIP: 90945JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20439428 | PA      | $20436914.05   | 0.16%             | 2027-06-10      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST UACST_25-1                | UACST 25-1 B 144A 5.05% 02-10-28/10-13-26                                        | CUSIP: 90945JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10079000 | PA      | $10051595.20   | 0.08%             | 2028-02-10      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST UACST_25-1                | UACST 25-1 C 144A 5.15% 06-10-30/03-10-27                                        | CUSIP: 90945JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1327000 | PA      | $1322358.15    | 0.01%             | 2030-06-10      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| USCLN 2025-SUP1                                                   | USCLN 25-SUP1 B 144A 5.582% 02-25-32                                             | CUSIP: 90357PBC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7441474 | PA      | $7426962.90    | 0.06%             | 2032-02-25      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_22-6                                    | VZMT 22-6 A 3.67% 01-22-29/07-21-25                                              | CUSIP: 92348KAZ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13957000 | PA      | $13941061.11   | 0.11%             | 2029-01-22      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_23-1                                    | VZMT 23-1 A 4.49% 01-22-29/01-20-26                                              | CUSIP: 92348KBG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14221000 | PA      | $14215994.21   | 0.11%             | 2029-01-22      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| VENTURE CDO LTD VENTR_18-32A                                      | VENTR 18-32 A2A CLO 144A FRN (TSFR3M+133.16) 07-18-31                            | CUSIP: 92325QAC1<br>LEI: 549300UP09C89Q3HWD39 | Long             | ABS-O            | CORP              | KY        |   1826600 | PA      | $1827855.21    | 0.01%             | 2031-07-18      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| VENTR 2019-36A                                                    | VENTR 19-36A A1AR 144A FRN (TSFR3M+1.3916) 04-20-32                              | CUSIP: 92332LAU3<br>LEI: 549300AZL7IWJJ04HD37 | Long             | ABS-O            | CORP              | KY        |   4855690 | PA      | $4860982.31    | 0.04%             | 2032-04-20      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| VENTURE CDO LTD VENTR_17-29A                                      | VENTR 17-29 AR CLO 144A FRN (TSFR3M + 125.16) 09-07-30                           | CUSIP: 92331EAF3<br>LEI: 549300ITFR7G25007V93 | Long             | ABS-O            | CORP              | KY        |    965853 | PA      | $966327.13     | 0.01%             | 2030-09-07      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-2                                    | VZMT 24-2 A 144A 4.83% 12-22-31                                                  | CUSIP: 92348KCH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3475000 | PA      | $3529901.53    | 0.03%             | 2031-12-22      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-1                                    | VZMT 24-1 A1A 5.00% 12-20-28                                                     | CUSIP: 92348KCL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8983000 | PA      | $9004038.19    | 0.07%             | 2028-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD STCP_24-5A                                  | STCP 24-5 A1 CLO 144A FRN (TSFR3M+142) 04-20-36                                  | CUSIP: 87122YAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  14000000 | PA      | $14031766.00   | 0.11%             | 2036-04-20      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD STCP_24-5A                                  | STCP 24-5 C CLO 144A FRN (TSFR3M+275) 04-20-36                                   | CUSIP: 87122YAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2667000 | PA      | $2670421.76    | 0.02%             | 2036-04-20      | Variable      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-2                                                      | SDART 24-2 A2 5.8% 09-15-27/25                                                   | CUSIP: 80286YAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2342473 | PA      | $2344857.99    | 0.02%             | 2027-09-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SDART 2024-2                                                      | SDART 24-2 B 5.78% 07-16-29/04-15-27                                             | CUSIP: 80286YAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7586000 | PA      | $7691498.50    | 0.06%             | 2029-07-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| SDART 2024-2                                                      | SDART 24-2 A3 5.63% 11-15-28/08-17-26                                            | CUSIP: 80286YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16960000 | PA      | $17050498.56   | 0.14%             | 2028-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SBALT 2024-B                                                      | SBALT 24-B A2 144A 5.67% 11-20-26/10-20-25                                       | CUSIP: 78437VAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1368620 | PA      | $1370699.89    | 0.01%             | 2026-11-20      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| SBALT 2024-B                                                      | SBALT 24-B A3 144A 5.56% 11-22-27/09-21-26                                       | CUSIP: 78437VAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3490000 | PA      | $3519951.18    | 0.03%             | 2027-11-22      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2024-1A                                                     | SCFET 24-1A A2 144A 5.88% 11-20-29/05-20-26                                      | CUSIP: 783896AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2639600 | PA      | $2657853.09    | 0.02%             | 2029-11-20      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2024-1A                                                     | SCFET 24-1A A3 144A 5.52% 01-20-32/10-20-28                                      | CUSIP: 783896AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20230000 | PA      | $20741030.03   | 0.17%             | 2032-01-20      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-3                                                      | SDART 24-3 B 5.55% 09-17-29/06-15-27                                             | CUSIP: 80287LAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7975000 | PA      | $8064032.90    | 0.06%             | 2029-09-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SDART 2024-3                                                      | SDART 24-3 A3 5.63% 01-16-29/10-15-26                                            | CUSIP: 80287LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7726000 | PA      | $7777254.28    | 0.06%             | 2029-01-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SDART 2024-3                                                      | SDART 24-3 A2 5.91% 06-15-27/08-15-25                                            | CUSIP: 80287LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1168483 | PA      | $1169606.88    | 0.01%             | 2027-06-15      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| SCCU 2024-1A                                                      | SCCU 24-1 A3 144A 5.11% 06-15-29/08-16-27                                        | CUSIP: 78436RAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3183000 | PA      | $3199889.00    | 0.03%             | 2029-06-15      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_24-A2                         | SYNIT 24-A2 A 4.93% 07-15-30/27                                                  | CUSIP: 87166PAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8978000 | PA      | $9097003.39    | 0.07%             | 2030-07-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| SDART 2024-4                                                      | SDART 24-4 A2 5.41% 07-15-27/11-17-25                                            | CUSIP: 802919AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6681636 | PA      | $6688838.39    | 0.05%             | 2027-07-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| SDART 2024-4                                                      | SDART 24-4 A3 4.85% 01-16-29/12-15-26                                            | CUSIP: 802919AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1649000 | PA      | $1652509.07    | 0.01%             | 2029-01-16      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SDART 2024-4                                                      | SDART 24-4 B 4.93% 09-17-29/09-15-27                                             | CUSIP: 802919AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    917000 | PA      | $921881.19     | 0.01%             | 2029-09-17      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| SBALT 2024-C                                                      | SBALT 24-C A3 144A 4.56% 02-22-28/11-20-26                                       | CUSIP: 78398DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2341000 | PA      | $2339778.00    | 0.02%             | 2028-02-22      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| SBALT 2024-C                                                      | SBALT 24-C A2 144A 4.94% 11-20-26/25                                             | CUSIP: 78398DAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    766481 | PA      | $766721.37     | 0.01%             | 2026-11-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| SLAM 2024-1A                                                      | SLAM 2024-1A A 144A 5.335% 09-15-49                                              | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453939 | PA      | $445901.50     | 0.00%             | 2049-09-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2024-3A                                                     | SFAST 24-3 A3 144A 4.55% 06-20-30/04-20-28                                       | CUSIP: 78436XAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10864000 | PA      | $10884750.24   | 0.09%             | 2030-06-20      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| SFAST 2024-3A                                                     | SFAST 24-3 A2 144A 4.71% 05-22-28/07-20-26                                       | CUSIP: 78436XAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11173512 | PA      | $11172193.81   | 0.09%             | 2028-05-22      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-5                                                      | SDART 24-5 A2 4.88% 09-15-27                                                     | CUSIP: 802920AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6582926 | PA      | $6583123.28    | 0.05%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT TRUST LLC SCFET_25-1                                | SCFET 25-1 A2 144A 4.82% 07-22-30                                                | CUSIP: 78437DAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7332000 | PA      | $7343577.23    | 0.06%             | 2030-07-22      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| STEELE CREEK CLO LTD STCR_19-2A                                   | STCR 19-2 ARR CLO 144A FRN (TSFR3M+100) 07-15-32                                 | CUSIP: 85817EAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20381066 | PA      | $20380169.32   | 0.16%             | 2032-07-15      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST                                     | SYNIT 25-A1 A 4.78% 02-18-31/02-15-28                                            | CUSIP: 87166PAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10391000 | PA      | $10509176.84   | 0.08%             | 2031-02-18      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| SFAST 2025-1A                                                     | SFAST 25-1 A2 144A 4.65% 05-22-28                                                | CUSIP: 81885BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1477087 | PA      | $1477278.59    | 0.01%             | 2028-05-22      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| STCR 2019-1A                                                      | STCR 19-1 ARR CLO 144A FRN (TSFR3M+104) 04-15-32                                 | CUSIP: 85817BAQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  21141836 | PA      | $21140906.06   | 0.17%             | 2032-04-15      | Variable      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| SDART 2025-2                                                      | SDART 25-2 A2 4.71% 06-15-28/09-15-26                                            | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4062000 | PA      | $4063100.80    | 0.03%             | 2028-06-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| SMB 2025-A                                                        | SMB 25-A A1A 144A 5.13% 04-15-54/09-15-36                                        | CUSIP: 83207EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6362000 | PA      | $6396583.83    | 0.05%             | 2054-04-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| SFUEL 2025-AA                                                     | SFUEL 25-A A2 144A 4.63% 07-20-27/12-21-26                                       | CUSIP: 858928AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5003235.00    | 0.04%             | 2027-07-20      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_20-1                                 | SORT 20-1 A1 144A 1.69% 07-15-60/25                                              | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  28520885 | PA      | $28312169.55   | 0.23%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_20-1                                 | SORT 20-1 A2 144A 1.99% 07-15-60/27                                              | CUSIP: 12530MAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2579670 | PA      | $2371395.24    | 0.02%             | 2060-07-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| SEACO_20-1                                                        | SEACO 20-1A A 144A 2.17% 10-17-40/03-18-30                                       | CUSIP: 37959PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14395709 | PA      | $13655740.79   | 0.11%             | 2040-10-17      | Fixed         | 2.17%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE VII SRL                                         | SEACO 20-2A A 144A 2.26% 11-19-40/03-18-30                                       | CUSIP: 37959PAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11173683 | PA      | $10614093.49   | 0.08%             | 2040-11-19      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_21-A                         | SMB 21-A APT2 144A 1.07% 01-15-53                                                | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1306388 | PA      | $1151750.99    | 0.01%             | 2053-01-15      | Fixed         | 1.07%                 | Yes           |                  2 | On Loan: No      |
| CLIF FUNDING VII LLC CLIF_21-1                                    | CLIF 21-1A A 144A 1.64% 02-18-46/31                                              | CUSIP: 12565KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1479855 | PA      | $1350002.22    | 0.01%             | 2046-02-18      | Fixed         | 1.64%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_21-1                                 | SORT 21-1 A1 144A 1.53% 03-15-61/03-16-26                                        | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  23897487 | PA      | $23018991.70   | 0.18%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE SRL SEACO_21-1A                                 | SEACO 21-1A A 144A 1.86% 04-17-41/04-19-32                                       | CUSIP: 37959PAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13088650 | PA      | $12043612.49   | 0.10%             | 2041-04-17      | Fixed         | 1.86%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-3                               | TPMT 17-3 M1 144A FRN 07-25-57                                                   | CUSIP: 89169DAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2300000 | PA      | $2215647.52    | 0.02%             | 2057-07-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-4                               | TPMT 15-4 M2 144A FRN 04-25-55/01-25-27                                          | CUSIP: 89171UAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     64711 | PA      | $64531.81      | 0.00%             | 2055-04-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-3                               | TPMT 15-3 M2 144A FRN 03-25-54/09-27-27                                          | CUSIP: 89172HAD9<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-CBDO         | CORP              | US        |    653669 | PA      | $650599.94     | 0.01%             | 2054-03-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-2                               | TPMT 17-2 M1 144A FRN 04-25-57                                                   | CUSIP: 89173HAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6818000 | PA      | $6688362.48    | 0.05%             | 2057-04-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-1                               | TPMT17-1 A2 144A FRN 10-25-56/07-25-24                                           | CUSIP: 89173FAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3761574 | PA      | $3730800.64    | 0.03%             | 2056-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2019-HY2 A1                                                  | TPMT 19-HY2 A1 144A FRN (TSFR1M+111.45) 05-25-58                                 | CUSIP: 89177HAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    197647 | PA      | $202643.37     | 0.00%             | 2058-05-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_18-1                               | TPMT 18-1 A1 144A FRN 01-25-58/05-28-24                                          | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    729309 | PA      | $719325.36     | 0.01%             | 2058-01-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| VSTRG 2024-A                                                      | VSTRG 24-A A2 144A 5.79% 08-16-27/09-15-25                                       | CUSIP: 92891PAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1071404 | PA      | $1072921.28    | 0.01%             | 2027-08-16      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| VSTRG 2024-A                                                      | VSTRG 24-A A3 144A 5.62% 12-15-28/09-15-26                                       | CUSIP: 92891PAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    790000 | PA      | $794809.52     | 0.01%             | 2028-12-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VOYA 2018-3A                                                      | VOYA 18-3 A1R2 CLO 144A FRN (TSFR3M+120) 10-15-31                                | CUSIP: 92917KAQ7<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-O            | CORP              | KY        |   6729087 | PA      | $6730338.80    | 0.05%             | 2031-10-15      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-3                                    | VZMT 24-3 A1A 5.34% 04-22-30/04-20-27                                            | CUSIP: 92348KCQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10895000 | PA      | $11104805.02   | 0.09%             | 2030-04-22      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| VOYA 2018-3A                                                      | VOYA 18-3 CR2 CLO 144A FRN (TSFR3M+235) 10-15-31                                 | CUSIP: 92917KAW4<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-O            | CORP              | KY        |   3000000 | PA      | $3014115.00    | 0.02%             | 2031-10-15      | Variable      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| VERD 2024-1A                                                      | VERD 24-1 A2 144A 5.68% 12-12-31/08-14-28                                        | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5036536 | PA      | $5109823.05    | 0.04%             | 2031-12-12      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| VERD 2023-1A                                                      | VERD 23-1A A2 144A 6.24% 01-13-31/06-14-27                                       | CUSIP: 92339GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7675280 | PA      | $7795145.02    | 0.06%             | 2031-01-13      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| VZMT 2024-5                                                       | VZMT 24-5 A 144A 5% 06-21-32/06-20-29                                            | CUSIP: 92348KDB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2919000 | PA      | $2978185.64    | 0.02%             | 2032-06-21      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_24-6                                    | VZMT 24-6 A1A 4.17% 08-20-30/27                                                  | CUSIP: 92348KDE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10364000 | PA      | $10314480.81   | 0.08%             | 2030-08-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| VFET 2024-1A                                                      | VFET 24-1 A2 144A 4.56% 05-17-27/05-15-26                                        | CUSIP: 92887QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1930000 | PA      | $1929600.49    | 0.02%             | 2027-05-17      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| VALLEY STREAM PARK CLO LTD VYSPK_22-1A                            | VYSPK 22-1A ARR CLO 144A FRN (TSFR3M+119) 01-20-37                               | CUSIP: 92013AAT6<br>LEI: 213800DEME82SWN32S20 | Long             | ABS-O            | CORP              | JE        |   8000000 | PA      | $7999624.00    | 0.06%             | 2037-01-20      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| VIBR 2018-9RA                                                     | VIBR 18-9R B CLO 144A FRN (TSFR3M+160.00) 04-20-37                               | CUSIP: 92557BAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3857000 | PA      | $3841726.28    | 0.03%             | 2037-04-20      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| VFET 2025-1A                                                      | VFET 25-1 A2 144A 4.41% 11-15-27                                                 | CUSIP: 92887TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4090000 | PA      | $4086028.61    | 0.03%             | 2027-11-15      | Fixed         | 4.41%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TRUST VZMT_25-3                                    | VZMT 25-3 A1A 4.51% 03-20-30/03-22-27                                            | CUSIP: 92348KDY6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9867000 | PA      | $9891618.17    | 0.08%             | 2030-03-20      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| VERD 2025-1A                                                      | VERD 25-1 A3 144A 4.96% 05-12-33                                                 | CUSIP: 92340GAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11438000 | PA      | $11470598.30   | 0.09%             | 2033-05-12      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| VERD 2025-1A                                                      | VERD 25-1 A2 144A 4.85% 03-13-28                                                 | CUSIP: 92340GAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10202000 | PA      | $10213222.20   | 0.08%             | 2028-03-13      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_22-3                  | WLAKE 22-3 C 144A 6.44% 12-15-27/08-15-25                                        | CUSIP: 96043PAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1863000 | PA      | $1873760.69    | 0.01%             | 2027-12-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_22-3                  | WLAKE 22-3 B 144A 5.99% 12-15-27/01-15-25                                        | CUSIP: 96043PAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200043 | PA      | $2201360.93    | 0.02%             | 2027-12-15      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| WIND RIVER CLO LTD WINDR_18-1                                     | WINDR 18-1 B CLO 144A FRN (TSFR3M+191.16) 07-15-30                               | CUSIP: 88432VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250529.25     | 0.00%             | 2030-07-15      | Variable      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-1                  | WLAKE 23-1 B 144A 5.41% 01-18-28/04-15-25                                        | CUSIP: 96042XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1771000 | PA      | $1772834.76    | 0.01%             | 2028-01-18      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-1                  | WLAKE 23-1 A3 144A 5.21% 01-18-28/12-16-24                                       | CUSIP: 96042XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98189 | PA      | $98214.98      | 0.00%             | 2028-01-18      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-1                  | WLAKE 23-1 C 144A 5.74% 08-15-28/10-15-25                                        | CUSIP: 96042XAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    686000 | PA      | $690585.22     | 0.01%             | 2028-08-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| WIND RIVER CLO LTD WINDR_23-1                                     | WINDR 23-1 C1 CLO 144A FRN (TSFR3M+350) 04-25-36                                 | CUSIP: 97316RAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $502475.00     | 0.00%             | 2036-04-25      | Variable      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-3                  | WLAKE 23-3 A3 144A 5.82% 05-17-27                                                | CUSIP: 96041CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11293098 | PA      | $11324696.01   | 0.09%             | 2027-05-17      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST WLAKE_23-4                  | WLAKE 23-4 A3 144A 6.24% 07-15-27/09-15-25                                       | CUSIP: 96041AAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17755000 | PA      | $17873692.18   | 0.14%             | 2027-07-15      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| WFLOOR 2024-1A                                                    | WFLOOR 24-1 A 144A 5.43% 02-15-28/02-17-26                                       | CUSIP: 96043GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1341000 | PA      | $1346673.77    | 0.01%             | 2028-02-15      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                     | WLAKE 24-1 B 144A 5.55% 11-15-27                                                 | CUSIP: 96043RAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3739000 | PA      | $3755563.77    | 0.03%             | 2027-11-15      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                     | WLAKE 24-1 A2A 144A 5.62% 03-15-27                                               | CUSIP: 96043RAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1037079 | PA      | $1037975.18    | 0.01%             | 2027-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                     | WLAKE 24-1 C 144A 5.65% 02-15-29                                                 | CUSIP: 96043RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2617000 | PA      | $2637920.30    | 0.02%             | 2029-02-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-1A                                                     | WLAKE 24-1 A3 144A 5.44% 05-17-27                                                | CUSIP: 96043RAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4346000 | PA      | $4356008.84    | 0.03%             | 2027-05-17      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| WINDR 2015-1A                                                     | WINDR 15-1 A1R3 CLO 144A FRN (TSFR3M+120) 10-20-30                               | CUSIP: 97316XAA0<br>LEI: 549300H4V7OE3OL7II20 | Long             | ABS-O            | CORP              | KY        |   3305720 | PA      | $3305819.46    | 0.03%             | 2030-10-20      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST WFNMT_24-A  | WFNMT 24-A A 5.47% 02-17-31/04-15-27                                             | CUSIP: 981464HR4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5394000 | PA      | $5504490.70    | 0.04%             | 2031-02-17      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| WLAKE 2024-2A                                                     | WLAKE 24-2 B 144A 5.62% 03-15-30                                                 | CUSIP: 96042YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2775000 | PA      | $2797965.90    | 0.02%             | 2030-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-2A                                                     | WLAKE 24-2 A3 144A 5.56% 02-15-28                                                | CUSIP: 96042YAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2492000 | PA      | $2506436.16    | 0.02%             | 2028-02-15      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| WOSAT 2024-A                                                      | WOSAT 24 A2A 5.37% 02-15-28/05-15-26                                             | CUSIP: 98164LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4744905 | PA      | $4756909.48    | 0.04%             | 2028-02-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| WFNMT 2024-B                                                      | WFNMT 24-B A 4.62% 05-15-31/07-15-27                                             | CUSIP: 981464HU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15181000 | PA      | $15259212.51   | 0.12%             | 2031-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WEF 2024-1A                                                       | WEF 24-1 A2 144A 4.99% 09-20-32                                                  | CUSIP: 97415AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5070000 | PA      | $5066881.95    | 0.04%             | 2032-09-20      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                  | ELI LILLY & CO SR UNSEC 4.75% 02-12-30                                           | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |  15890000 | PA      | $16154028.24   | 0.13%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ELI LILLY AND CO                                                  | ELI LILLY & CO SR UNSEC 5.0% 02-27-26                                            | CUSIP: 532457CE6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1250052.50    | 0.01%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EIDP INC                                                          | EIDP INC SR UNSEC 4.5% 05-15-26                                                  | CUSIP: 263534CQ0<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |   5417000 | PA      | $5421593.62    | 0.04%             | 2026-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                          | EUROPEAN INVT BK SR UNSEC 4.0% 02-15-29                                          | CUSIP: 298785JZ0<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | LU        |  14700000 | PA      | $14735500.50   | 0.12%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                          | FLORIDA POWER & LIGHT CO SR SEC 1ST LIEN 5.15% 06-15-29                          | CUSIP: 341081GT8<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1031351.00    | 0.01%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                           | GOLDMAN SACHS GROUP INC SR UNSEC 5.207% 01-28-31/30                              | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5071925.00    | 0.04%             | 2031-01-28      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOBAL FUNDING                                      | GUARDIAN LIFE GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 0.875% 12-10-25       | CUSIP: 40139LBC6<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7849144.00    | 0.06%             | 2025-12-10      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | HYUNDAI CAPITAL AMERICA 144A SR UNSEC 5.275% 06-24-27                            | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10065540.00   | 0.08%             | 2027-06-24      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                           | HYUNDAI CAPITAL AMERICA 144A SR UNSEC 5.45% 06-24-26                             | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   6226000 | PA      | $6258642.92    | 0.05%             | 2026-06-24      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                 | HSBC HOLDINGS PLC SR UNSEC 4.292% 09-12-26/25                                    | CUSIP: 404280BX6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  20000000 | PA      | $19962640.00   | 0.16%             | 2026-09-12      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 5.571% 04-22-28/27                                  | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13242281.00   | 0.11%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 4.603% 10-22-30/29                                  | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  15644000 | PA      | $15555955.57   | 0.12%             | 2030-10-22      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 4.505% 10-22-28/27                                  | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  11295000 | PA      | $11273663.75   | 0.09%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                 | JOHNSON & JOHNSON SR UNSEC 4.5% 03-01-27                                         | CUSIP: 478160DG6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |  16500000 | PA      | $16643385.00   | 0.13%             | 2027-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 4.851% 07-25-28/27                                  | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5026220.00    | 0.04%             | 2028-07-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 5.299% 07-24-29/28                                  | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  31000000 | PA      | $31635097.00   | 0.25%             | 2029-07-24      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                               | JPMORGAN CHASE & CO SR UNSEC 5.012% 01-23-30/29                                  | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10121080.00   | 0.08%             | 2030-01-23      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                          | LLOYDS BANKING GROUP PLC SR UNSEC 5.985% 08-07-27/26                             | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $15213720.00   | 0.12%             | 2027-08-07      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                          | LLOYDS BANKING GROUP PLC SR UNSEC 5.462% 01-05-28/27                             | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1325000 | PA      | $1340526.35    | 0.01%             | 2028-01-05      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                    | MORGAN STANLEY SR UNSEC 5.652% 04-13-28/27                                       | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10187670.00   | 0.08%             | 2028-04-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                    | MICROSOFT CORP SR UNSEC 3.4% 06-15-27                                            | CUSIP: 594918CQ5<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7426350.00    | 0.06%             | 2027-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                            | MORGAN STANLEY BANK NA SR UNSEC 4.968% 07-14-28/27                               | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10086520.00   | 0.08%             | 2028-07-14      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                    | MASTERCARD INC SR UNSEC 4.1% 01-15-28                                            | CUSIP: 57636QBA1<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |  15865000 | PA      | $15879405.42   | 0.13%             | 2028-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                    | MORGAN STANLEY SR UNSEC 5.23% 01-15-31/30                                        | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5075645.00    | 0.04%             | 2031-01-15      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                    | MASTERCARD INC SR UNSEC 4.55% 03-15-28                                           | CUSIP: 57636QBF0<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   6505000 | PA      | $6587938.75    | 0.05%             | 2028-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                          | MARS INC 144A LIFE SR UNSEC 4.45% 03-01-27                                       | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   8164000 | PA      | $8175478.58    | 0.07%             | 2027-03-01      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                          | MARS INC 144A LIFE SR UNSEC 4.6% 03-01-28                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  23164000 | PA      | $23278430.16   | 0.19%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                          | MARS INC 144A LIFE SR UNSEC 4.8% 03-01-30                                        | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25164950.00   | 0.20%             | 2030-03-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                                          | MARS INC 144A LIFE SR UNSEC 5.0% 03-01-32                                        | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7026740.00    | 0.06%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                          | MET TOWER GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 1.25% 09-14-26            | CUSIP: 58989V2D5<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19195980.00   | 0.15%             | 2026-09-14      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I                                | METROPOLITAN LIFE GLOBAL FUNDING I GIC 144A LIFE SR SEC 1ST LIEN 1.875% 01-11-27 | CUSIP: 59217GER6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $15373280.00   | 0.12%             | 2027-01-11      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I                                | METROPOLITAN LIFE GLOBAL FUNDING I GIC 144A LIFE SR SEC 1ST LIEN 4.4% 06-30-27   | CUSIP: 59217GFB0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5615663.20    | 0.04%             | 2027-06-30      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLOBAL FUNDING                                | NORTHWESTERN MUTUAL GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 4.11% 09-12-27  | CUSIP: 66815L2T5<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2486560.00    | 0.02%             | 2027-09-12      | Fixed         | 4.11%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD (NEW YORK BRANCH)                     | NATIONAL AUSTRALIA BANK LTD SR UNSEC 4.5% 10-26-27                               | CUSIP: 632525CA7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20118600.00   | 0.16%             | 2027-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                             | TRUIST FINANCIAL CORP SR UNSEC 5.071% 05-20-31/30                                | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   6771000 | PA      | $6802762.76    | 0.05%             | 2031-05-20      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                             | NOVARTIS CAPITAL CORP SR UNSEC 2.0% 02-14-27                                     | CUSIP: 66989HAQ1<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   3656000 | PA      | $3537315.27    | 0.03%             | 2027-02-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WORLD FINANCIAL NETWORK CREDIT CARD MASTER NOTE TRUST WFNMT_23-A  | WFNMT 23-A A 5.02% 03-15-30/05-15-26                                             | CUSIP: 981464HL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5276000 | PA      | $5302242.82    | 0.04%             | 2030-03-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| ARGENT SECURITIES INC ARSI_05-W2                                  | ARSI 05-W2 M1 FRN (TSFR1M+84.95) 10-25-35                                        | CUSIP: 040104ND9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    540483 | PA      | $534941.76     | 0.00%             | 2035-10-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 21-Z2                           | AFFRM 2021-Z2 A 144A 1.17% 11-16-26                                              | CUSIP: 00834TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61485 | PA      | $61272.46      | 0.00%             | 2026-11-16      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST AMXCA_22-3           | AMXCA 22-3 A 3.75% 08-16-27/08-15-25                                             | CUSIP: 02582JJV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9901000 | PA      | $9885623.75    | 0.08%             | 2027-08-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| APIDOS CLO APID_13-15A                                            | APID 13-15 A1RR CLO 144A FRN (TSFR3M+127.16) 04-20-31                            | CUSIP: 03764QBC5<br>LEI: 549300HXW2GBYSKFE344 | Long             | ABS-O            | CORP              | KY        |    543617 | PA      | $543923.28     | 0.00%             | 2031-04-20      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_22-5                         | AESOP 22-5 A 144A 6.12% 04-20-27/26                                              | CUSIP: 05377RFV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5320000 | PA      | $5367459.72    | 0.04%             | 2027-04-20      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-1                         | AESOP 23-1 B 144A 6.08% 04-20-29/28                                              | CUSIP: 05377RGE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2567697.50    | 0.02%             | 2029-04-20      | Fixed         | 6.08%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN MONEY MANAGEMENT CORPORATION AMMC_16-18A                 | AMMC 16-18 AR CLO 144A FRN (TSFR3M+136.16) 05-26-31                              | CUSIP: 001746AN6<br>LEI: 549300F8C2GVHBFFH173 | Long             | ABS-O            | CORP              | KY        |    136322 | PA      | $136389.82     | 0.00%             | 2031-05-26      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-5                         | AESOP 23-5 A 144A 5.78% 04-20-28/27                                              | CUSIP: 05377RHC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6476000 | PA      | $6598564.78    | 0.05%             | 2028-04-20      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST AMCAR_23-2               | AMCAR 2023-2 A3 5.81% 05-18-28                                                   | CUSIP: 03065UAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9883000 | PA      | $9965641.65    | 0.08%             | 2028-05-18      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST AMCAR_23-2               | AMCAR 2023-2 A2 6.19% 04-19-27                                                   | CUSIP: 03065UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1752506 | PA      | $1755832.65    | 0.01%             | 2027-04-19      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST AFFRM_23-B                      | AFFRM 23-B A 144A 6.82% 09-15-28/04-15-26                                        | CUSIP: 00792FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  41206000 | PA      | $41406549.60   | 0.33%             | 2028-09-15      | Fixed         | 6.82%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_23-7                         | AESOP 23-7 A 144A 5.9% 08-21-28/08-20-27                                         | CUSIP: 05377RHL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3900000 | PA      | $3999539.70    | 0.03%             | 2028-08-21      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_24-1                         | AESOP 24-1 A 144A 5.36% 06-20-30/29                                              | CUSIP: 05377RHY3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3732000 | PA      | $3813618.84    | 0.03%             | 2030-06-20      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| AXIS 2024-1A                                                      | AXIS 24-1 A2 144A 5.38% 01-21-31                                                 | CUSIP: 03237CAB8<br>LEI: 254900O8ABFLU3FOSN14 | Long             | ABS-O            | CORP              | US        |   1971148 | PA      | $1987208.46    | 0.02%             | 2031-01-21      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_24-1            | ACAR 24-1 B 144A 5.6% 11-12-27                                                   | CUSIP: 02531AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5216198 | PA      | $5218816.82    | 0.04%             | 2027-11-12      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST ACAR_24-1            | ACAR 24-1 C 144A 5.63% 01-14-30                                                  | CUSIP: 02531AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14718000 | PA      | $14772544.91   | 0.12%             | 2030-01-14      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-A                                                      | AFFRM 24-A A 144A 5.61% 02-15-29/09-15-26                                        | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13906000 | PA      | $13955894.73   | 0.11%             | 2029-02-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| ARES 2015-2A                                                      | ARES 15-2 AR3 CLO 144A FRN (TSFR3M+132) 04-17-33                                 | CUSIP: 04015GAX7<br>LEI: 549300VDFIIXSFET0S73 | Long             | ABS-O            | CORP              | KY        |   3000000 | PA      | $3004800.00    | 0.02%             | 2033-04-17      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-2                                                       | ACAR 24-2 B 144A 6.1% 12-13-27/11-12-25                                          | CUSIP: 02531BAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2463000 | PA      | $2471879.12    | 0.02%             | 2027-12-13      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-2                                                       | ACAR 24-2 A 144A 5.90% 02-12-27/06-12-25                                         | CUSIP: 02531BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2190203 | PA      | $2192141.26    | 0.02%             | 2027-02-12      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-X1                                                     | AFFRM 2024-X1 A 144A 6.27% 05-15-29                                              | CUSIP: 00834XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2012305 | PA      | $2014572.88    | 0.02%             | 2029-05-15      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| AXIS EQUIPMENT FINANCE RECEIVABLES LLC AXIS_23-1A                 | AXIS 2023-1A A2 144A 6.09% 12-20-29                                              | CUSIP: 03236YAB1<br>LEI: 5493000K1GV1VHEHGY40 | Long             | ABS-O            | CORP              | US        |   3153732 | PA      | $3185449.08    | 0.03%             | 2029-12-20      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST AMCAR_24-1               | AMCAR_24-1 A3 5.43% 01-18-29                                                     | CUSIP: 023947AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4966000 | PA      | $5023650.29    | 0.04%             | 2029-01-18      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| APID 2019-32A                                                     | APID 19-32 A1R CLO 144A FRN (TSFR3M+110) 01-20-33                                | CUSIP: 03768RAQ9<br>LEI: 549300CXPXW83QGWOL98 | Long             | ABS-O            | CORP              | KY        |   6217717 | PA      | $6220353.25    | 0.05%             | 2033-01-20      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-A                                                      | AFFRM 24-A 1A 144A 5.61% 02-15-29/02-17-26                                       | CUSIP: 00834BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27574000 | PA      | $27695656.49   | 0.22%             | 2029-02-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| ACHV ABS TRUST ACHV_23-4CP                                        | ACHV 23-4CP C 144A 7.71% 11-25-30/12-26-25                                       | CUSIP: 00092CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242539 | PA      | $242898.94     | 0.00%             | 2030-11-25      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-3                                                       | ACAR 24-3 A 144A 5.76% 11-12-27                                                  | CUSIP: 02490BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2669095 | PA      | $2675065.71    | 0.02%             | 2027-11-12      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-3                                                       | ACAR 24-3 B 144A 5.66% 08-14-28                                                  | CUSIP: 02490BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6537000 | PA      | $6569364.69    | 0.05%             | 2028-08-14      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| ALLEG 2019-1A                                                     | ALLEG 19-1 ARR CLO 144A FRN (TSFR3M+113) 04-20-32                                | CUSIP: 01750FAS5<br>LEI: 254900MQVJ2U7KN3HP03 | Long             | ABS-O            | CORP              | KY        |   4298323 | PA      | $4301061.14    | 0.03%             | 2032-04-20      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| AXIS 2024-2A                                                      | AXIS 24-2 A2 144 5.19% 07-21-31/04-20-28                                         | CUSIP: 03238BAB9<br>LEI: 254900VBZK8DVZNJFJ70 | Long             | ABS-O            | CORP              | US        |   4002183 | PA      | $4031943.12    | 0.03%             | 2031-07-21      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-1A                            | LADAR 23-1 C 144A 6.18% 12-15-27/01-15-26                                        | CUSIP: 505710AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    339000 | PA      | $341846.92     | 0.00%             | 2027-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-1A                            | LADAR 23-1 A3 144A 5.48% 06-15-27/06-16-25                                       | CUSIP: 505710AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9878556 | PA      | $9894262.59    | 0.08%             | 2027-06-15      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| LCM_27-A                                                          | LCM 27 A1 144A CLO FRN (TSFR3M+134.16) 07-16-31                                  | CUSIP: 50200JAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1553679 | PA      | $1554723.03    | 0.01%             | 2031-07-16      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                 | LADAR 23-2 A3 144A 5.42% 02-15-28/11-17-25                                       | CUSIP: 505713AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4505000 | PA      | $4514766.84    | 0.04%             | 2028-02-15      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FUNDING                                      | NEW YORK LIFE GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 0.95% 06-24-25        | CUSIP: 64952WDQ3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  17280000 | PA      | $17241638.40   | 0.14%             | 2025-06-24      | Fixed         | 0.95%                 | Yes           |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLOBAL FUNDING                                | NORTHWESTERN MUTUAL GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 0.8% 01-14-26   | CUSIP: 66815L2A6<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |  16215000 | PA      | $15852627.18   | 0.13%             | 2026-01-14      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                 | LADAR 23-2 C 144A 5.58% 09-15-28/07-15-26                                        | CUSIP: 505713AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1980000 | PA      | $1997804.16    | 0.02%             | 2028-09-15      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                 | LADAR 23-2 B 144A 5.45% 04-15-28/01-15-26                                        | CUSIP: 505713AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    895000 | PA      | $899445.47     | 0.01%             | 2028-04-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-3                             | LADAR 23-3 A4 144A 5.95% 03-15-28/03-16-26                                       | CUSIP: 50168BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12138000 | PA      | $12237847.19   | 0.10%             | 2028-03-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-3                             | LADAR 23-3 A3 144A 6.12% 09-15-27/25                                             | CUSIP: 50168BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11856458 | PA      | $11890676.24   | 0.09%             | 2027-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_23-4                             | LADAR 23-4 A3 144A 6.1% 12-15-27/01-15-26                                        | CUSIP: 50571AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9050445 | PA      | $9086854.87    | 0.07%             | 2027-12-15      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                     | LADAR 24-1 B 144A 5.33% 02-15-29/06-15-27                                        | CUSIP: 501689AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1470000 | PA      | $1485507.03    | 0.01%             | 2029-02-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                     | LADAR 24-1 A3 144A 5.23% 01-18-28/06-15-26                                       | CUSIP: 501689AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6231742 | PA      | $6245183.62    | 0.05%             | 2028-01-18      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 24-3 A2 144A 4.64% 11-15-27/06-15-26                                       | CUSIP: 505709AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7097704 | PA      | $7097355.94    | 0.06%             | 2027-11-15      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 24-3 C 144A 4.93% 03-15-30/09-15-28                                        | CUSIP: 505709AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142000 | PA      | $141953.85     | 0.00%             | 2030-03-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 24-3 B 144A 4.74% 01-15-30/04-17-28                                        | CUSIP: 505709AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    394000 | PA      | $394354.21     | 0.00%             | 2030-01-15      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 24-3 A4 144A 4.6% 12-17-29/01-18-28                                        | CUSIP: 505709AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1408000 | PA      | $1412185.98    | 0.01%             | 2029-12-17      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-3A                                                     | LADAR 24-3 A3 144A 4.52% 03-15-29/08-16-27                                       | CUSIP: 505709AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3273000 | PA      | $3275075.08    | 0.03%             | 2029-03-15      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| LBZZ 2025-1X                                                      | LBZZ 25-1 A2 144A 5.10% 10-15-30/10-15-27                                        | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6207000 | PA      | $6220630.57    | 0.05%             | 2030-10-15      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST MHC_21-MHC                          | MHC 2021-MHC A 144A FRN 04-15-38                                                 | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1324871 | PA      | $1324609.96    | 0.01%             | 2038-04-15      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| MADISON PARK FUNDING LTD MDPK_21-48A                              | MDPK 21-48A A CLO 144A FRN (TSFR3M+141.16) 04-19-33                              | CUSIP: 55821UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    907971 | PA      | $909270.75     | 0.01%             | 2033-04-19      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING LLC WFLF_24-2                          | WFLF 24-2 A1 144A 4.87% 06-21-39                                                 | CUSIP: 96328GBT3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13821000 | PA      | $13866388.16   | 0.11%             | 2039-06-21      | Fixed         | 4.87%                 | Yes           |                  2 | On Loan: No      |
| WELLFLEET CLO LTD WELF_18-2A                                      | WELF 18-2A BR 144A CLO FRN (TSFR3M+185) 10-20-31                                 | CUSIP: 94949JAN5<br>LEI: 254900QO5AI38SSR4719 | Long             | ABS-O            | CORP              | US        |   1944000 | PA      | $1949548.18    | 0.02%             | 2031-10-20      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-3A                                                     | WLAKE 24-3 A2A 144A 4.82% 09-15-27                                               | CUSIP: 96043CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12058362 | PA      | $12062099.85   | 0.10%             | 2027-09-15      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2024-3A                                                     | WLAKE 24-3 A3 144A 4.71% 04-17-28                                                | CUSIP: 96043CAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3749000 | PA      | $3749491.12    | 0.03%             | 2028-04-17      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-4                                                       | ACAR 24-4 A 144A 4.81% 03-13-28                                                  | CUSIP: 024945AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2202054 | PA      | $2201294.65    | 0.02%             | 2028-03-13      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FUNDING                                      | NEW YORK LIFE GLOBAL FUNDING GIC 144A LIFE SR SEC 1ST LIEN 0.85% 01-15-26        | CUSIP: 64952WDW0<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7826736.00    | 0.06%             | 2026-01-15      | Fixed         | 0.85%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC STORAGE OPERATING CO                                       | PUBLIC STORAGE OPERATING CO SR UNSEC FRN 04-16-27                                | CUSIP: 74464AAA9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15002295.00   | 0.12%             | 2027-04-16      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING LLC WFLF_24-3                          | WFLF 24-3 A1 144A 4.8% 09-19-39/05-18-28                                         | CUSIP: 96328GBZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11244000 | PA      | $11266949.00   | 0.09%             | 2039-09-19      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2025-1                                                      | WLAKE 25-1 B 144A 4.98% 09-16-30/02-16-27                                        | CUSIP: 96043VAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    388000 | PA      | $390367.19     | 0.00%             | 2030-09-16      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2025-1                                                      | WLAKE 25-1 A2A 144A 4.66% 01-18-28/05-15-26                                      | CUSIP: 96043VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18000000 | PA      | $17998110.00   | 0.14%             | 2028-01-18      | Fixed         | 4.66%                 | Yes           |                  2 | On Loan: No      |
| WLAKE 2025-P1                                                     | WLAKE 25-P1 A2 144A 4.65% 02-15-28/11-16-26                                      | CUSIP: 96043LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4702000 | PA      | $4706344.65    | 0.04%             | 2028-02-15      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                  | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.102% 07-23-27/26                     | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12576887.50   | 0.10%             | 2027-07-23      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                  | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.222% 01-29-31/30                     | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10164760.00   | 0.08%             | 2031-01-29      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                 | LADAR 23-2 A2 144A 5.93% 06-15-27/04-15-25                                       | CUSIP: 505713AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     32248 | PA      | $32266.60      | 0.00%             | 2027-06-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-1                   | ONDK 24-1 A 144A 6.27% 06-17-31/27                                               | CUSIP: 67118NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9128000 | PA      | $9216541.60    | 0.07%             | 2031-06-17      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO                                               | PROCTER & GAMBLE CO SR UNSEC 1.0% 04-23-26                                       | CUSIP: 742718FP9<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   2389000 | PA      | $2321713.82    | 0.02%             | 2026-04-23      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO                                               | PROCTER & GAMBLE CO SR UNSEC 4.1% 01-26-26                                       | CUSIP: 742718FY0<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   5254000 | PA      | $5250022.72    | 0.04%             | 2026-01-26      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| XROAD 2024-A                                                      | XROAD 24-A A2 144A 5.90% 08-20-30                                                | CUSIP: 227927AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5412076 | PA      | $5474742.84    | 0.04%             | 2030-08-20      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                   | PHILIP MORRIS INTERNATIONAL INC SR UNSEC 4.875% 02-15-28                         | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2534632.50    | 0.02%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC                                  | PNC FINANCIAL SERVICES GROUP INC SR UNSEC 5.582% 06-12-29/28                     | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2572892.50    | 0.02%             | 2029-06-12      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| QATAR ENERGY                                                      | QATARENERGY 144A LIFE SR UNSEC 1.375% 09-12-26                                   | CUSIP: 74730DAB9<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |  15000000 | PA      | $14432985.00   | 0.12%             | 2026-09-12      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                | ROCHE HOLDINGS INC 144A LIFE SR UNSEC 4.203% 09-09-29                            | CUSIP: 771196CP5<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   5562000 | PA      | $5538367.06    | 0.04%             | 2029-09-09      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                              | ROYAL BANK OF CANADA SR UNSEC 4.965% 01-24-29/28                                 | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10102090.00   | 0.08%             | 2029-01-24      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FINANCE (USA) PLC                                       | RIO TINTO FINANCE USA PLC SR UNSEC 4.875% 03-14-30                               | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $10115690.00   | 0.08%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                     | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.25% 03-15-30                     | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  19900000 | PA      | $20014922.50   | 0.16%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                     | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.3% 03-01-28                      | CUSIP: 842400HU0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $5158191.00    | 0.04%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT CORP                                        | SWEDISH EXPORT CREDIT CORP SR UNSEC 4.375% 02-13-26                              | CUSIP: 87031CAJ2<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | USGA              | SE        |   2660000 | PA      | $2660199.50    | 0.02%             | 2026-02-13      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                              | SAUDI ARABIAN OIL CO 144A LIFE SR UNSEC 1.625% 11-24-25                          | CUSIP: 80414L2H7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |  17690000 | PA      | $17432079.80   | 0.14%             | 2025-11-24      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI (EMIRATE OF)                                            | ABU DHABI GOVERNMENT INTERNATIONAL BOND 144A LIFE 3.125% 10-11-27                | CUSIP: 29135LAA8<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |  15000000 | PA      | $14628780.00   | 0.12%             | 2027-10-11      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 5.0% 08-31-25                                        | CUSIP: 91282CHV6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 213000000 | PA      | $213307848.90  | 1.70%             | 2025-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 5.0% 09-30-25                                        | CUSIP: 91282CJB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7537300 | PA      | $7552609.76    | 0.06%             | 2025-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 11-15-26                                      | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10346200 | PA      | $10433091.53   | 0.08%             | 2026-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.875% 11-30-25                                      | CUSIP: 91282CJL6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4511425.95    | 0.04%             | 2025-11-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 12-31-25                                       | CUSIP: 91282CJS1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60320000 | PA      | $60310578.02   | 0.48%             | 2025-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 01-31-26                                       | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 105312000 | PA      | $105287314.87  | 0.84%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.0% 01-31-29                                        | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 232630000 | PA      | $233406030.42  | 1.86%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.125% 02-15-27                                      | CUSIP: 91282CKA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $3007734.30    | 0.02%             | 2027-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 02-15-54                                       | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8010900 | PA      | $7149102.60    | 0.06%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 02-28-26                                      | CUSIP: 91282CKB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 151360700 | PA      | $151771614.03  | 1.21%             | 2026-02-28      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.125% 02-15-54               | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18195902 | PA      | $16385548.69   | 0.13%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.5% 05-31-29                                        | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27716900 | PA      | $28308115.34   | 0.23%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 06-30-26                                      | CUSIP: 91282CKY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 220037000 | PA      | $221154369.89  | 1.76%             | 2026-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.375% 07-31-26                                      | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31951000 | PA      | $32048351.50   | 0.26%             | 2026-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.875% 10-15-27                                      | CUSIP: 91282CLQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14420900 | PA      | $14418647.46   | 0.12%             | 2027-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 11-15-34                                       | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17820700 | PA      | $17643884.80   | 0.14%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.125% 11-15-27                                      | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70414100 | PA      | $70810179.31   | 0.56%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 11-30-26                                       | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6121400 | PA      | $6143916.35    | 0.05%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 01-15-28                                       | CUSIP: 91282CMF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20185156.00   | 0.16%             | 2028-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.125% 01-31-27                                      | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11515100 | PA      | $11544351.81   | 0.09%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 01-31-30                                       | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10124219.00   | 0.08%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 02-15-28                                       | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19000000 | PA      | $19184062.50   | 0.15%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.375% 02-15-55               | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22061567 | PA      | $20972277.86   | 0.17%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.875% 03-15-28                                      | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6282100 | PA      | $6285780.68    | 0.05%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.75% 04-15-28                                       | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38492700 | PA      | $38379100.34   | 0.31%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.75% 04-30-27                                       | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 246041100 | PA      | $245310579.37  | 1.96%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.875% 04-30-30                                      | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 105179300 | PA      | $104768448.62  | 0.84%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.75% 05-15-28                                       | CUSIP: 91282CND9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 344669600 | PA      | $343659959.34  | 2.74%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 0.375% 07-15-25               | CUSIP: 912828XL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73233867 | PA      | $73197974.70   | 0.58%             | 2025-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 2.75% 11-15-42                                       | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    511300 | PA      | $381557.37     | 0.00%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.0% 05-15-45                                        | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2802700 | PA      | $2101366.65    | 0.02%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.0% 08-15-48                                        | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5264400 | PA      | $3806916.64    | 0.03%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.0% 10-31-25                                        | CUSIP: 9128285J5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25716100 | PA      | $25579987.25   | 0.20%             | 2025-10-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 2.25% 08-15-49                                       | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5776000 | PA      | $3535580.86    | 0.03%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 0.375% 01-31-26                                      | CUSIP: 91282CBH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24921900 | PA      | $24290575.94   | 0.19%             | 2026-01-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.25% 04-30-28                                       | CUSIP: 91282CBZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31000000 | PA      | $28788143.80   | 0.23%             | 2028-04-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 0.75% 08-31-26                                       | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54800000 | PA      | $52616148.76   | 0.42%             | 2026-08-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 2.875% 05-15-52                                      | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    208200 | PA      | $143171.85     | 0.00%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 03-15-26                                      | CUSIP: 91282CGR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1160000 | PA      | $1163489.05    | 0.01%             | 2026-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 09-15-26                                      | CUSIP: 91282CHY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14680000 | PA      | $14784365.99   | 0.12%             | 2026-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 10-15-26                                      | CUSIP: 91282CJC6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35000000 | PA      | $35273437.50   | 0.28%             | 2026-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 5.0% 10-31-25                                        | CUSIP: 91282CJE2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24922400 | PA      | $24987140.92   | 0.20%             | 2025-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.375% 12-15-26                                      | CUSIP: 91282CJP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16155900 | PA      | $16245515.16   | 0.13%             | 2026-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.0% 01-15-27                                        | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 434829400 | PA      | $434965284.19  | 3.47%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                            | ASIAN DEV BK 1.0% 04-14-26                                                       | CUSIP: 045167FC2<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | PH        |  19197000 | PA      | $18679372.09   | 0.15%             | 2026-04-14      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                            | ASIAN DEV BK 3.875% 09-28-32                                                     | CUSIP: 045167FT5<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | PH        |   1163000 | PA      | $1136753.42    | 0.01%             | 2032-09-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING LLC XCAP_24-1                               | XCAP 2024-1A A2 144A 5.84% 03-15-27                                              | CUSIP: 05335FAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6904002 | PA      | $6940862.23    | 0.06%             | 2027-03-15      | Fixed         | 5.84%                 | Yes           |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING LLC XCAP_24-1                               | XCAP 24-1 A3 144A 5.49% 07-15-31                                                 | CUSIP: 05335FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2802000 | PA      | $2852912.34    | 0.02%             | 2031-07-15      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| TLOT 2024-B                                                       | TLOT 24B A24 144A 4.31% 02-22-27/07-20-26                                        | CUSIP: 891943AB8<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |  24624206 | PA      | $24574908.38   | 0.20%             | 2027-02-22      | Fixed         | 4.31%                 | Yes           |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                    | BHP BILLITON FINANCE USA LTD SR UNSEC 5.25% 09-08-26                             | CUSIP: 055451BB3<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   6000000 | PA      | $6067464.00    | 0.05%             | 2026-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                 | CISCO SYSTEMS INC SR UNSEC 4.8% 02-26-27                                         | CUSIP: 17275RBQ4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |  22535000 | PA      | $22767403.46   | 0.18%             | 2027-02-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                      | COMCAST CORP SR UNSEC 5.1% 06-01-29                                              | CUSIP: 20030NEH0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10261230.00   | 0.08%             | 2029-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                       | CITIBANK NA SR UNSEC 4.929% 08-06-26                                             | CUSIP: 17325FBJ6<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3017739.00    | 0.02%             | 2026-08-06      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                   | CHEVRON USA INC SR UNSEC 4.687% 04-15-30                                         | CUSIP: 166756BD7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   9447000 | PA      | $9566485.66    | 0.08%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | CITIGROUP INC SR UNSEC 4.786% 03-04-29/28                                        | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   8100000 | PA      | $8112830.40    | 0.06%             | 2029-03-04      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | CITIGROUP INC SR UNSEC 2.666% 01-29-31/30                                        | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4530150.00    | 0.04%             | 2031-01-29      | Variable      | 2.67%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA/NY                                       | COOPERATIEVE RABOBANK UA SR UNSEC 4.85% 01-09-26                                 | CUSIP: 21688ABA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20032920.00   | 0.16%             | 2026-01-09      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CHILE (REPUBLIC OF)                                               | CHILE GOVERNMENT INTERNATIONAL BOND 4.85% 01-22-29                               | CUSIP: 168863EB0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   1855000 | PA      | $1870303.75    | 0.01%             | 2029-01-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCK FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 4.95% 01-13-28        | CUSIP: 233853BC3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  22477000 | PA      | $22619594.09   | 0.18%             | 2028-01-13      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 2.0% 12-14-26        | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   6525000 | PA      | $6277408.88    | 0.05%             | 2026-12-14      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCKS FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 5.15% 01-16-26       | CUSIP: 233853AP5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   3343000 | PA      | $3350491.66    | 0.03%             | 2026-01-16      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCK FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 5.4% 09-20-28         | CUSIP: 233853AT7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   6068000 | PA      | $6196204.70    | 0.05%             | 2028-09-20      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINANCE NORTH AMERICA LLC                          | DAIMLER TRUCK FINANCE NORTH AMERICA LLC 144A LIFE SR UNSEC 5.0% 01-15-27         | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   3502000 | PA      | $3524496.85    | 0.03%             | 2027-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CORPORACION ANDINA DE FOMENTO                                     | CORPORACION ANDINA DE FOMENTO 5.0% 01-24-29                                      | CUSIP: 219868CJ3<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | VE        |   7017000 | PA      | $7169760.09    | 0.06%             | 2029-01-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVELOPMENT BANK                                   | INTERAMER DEV BK 0.625% 07-15-25                                                 | CUSIP: 4581X0DN5<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |   5500000 | PA      | $5475552.50    | 0.04%             | 2025-07-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVELOPMENT BANK                                   | INTERAMER DEV BK 4.5% 05-15-26                                                   | CUSIP: 4581X0EK0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |   3528000 | PA      | $3538245.31    | 0.03%             | 2026-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_19-1                                   | ARRW 19-1 A1 144A FRN 01-25-49                                                   | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2728468 | PA      | $2653440.75    | 0.02%             | 2049-01-25      | Variable      | 3.81%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_20-1                                   | ARRW 20-1 A1A 144A 1.662% 03-25-55/02-25-26                                      | CUSIP: 04285CAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    908873 | PA      | $866521.15     | 0.01%             | 2055-03-25      | Fixed         | 1.66%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_21-1R                                  | ARRW 21-1R A1 144A FRN 10-25-48                                                  | CUSIP: 042853AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2235779 | PA      | $2007836.42    | 0.02%             | 2048-10-25      | Variable      | 1.18%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_19-2                                   | ARRW 19-2 A3 144A FRN 04-25-49/11-25-25                                          | CUSIP: 042858AC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2477243 | PA      | $2400307.27    | 0.02%             | 2049-04-25      | Variable      | 3.80%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_19-2                                   | ARRW 19-2 A2 144A FRN 04-25-49/11-25-25                                          | CUSIP: 042858AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    314531 | PA      | $303082.00     | 0.00%             | 2049-04-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST ARRW_22-1                                   | ARRW 22-1 A1A 144A 2.495% 12-25-56/02-25-26                                      | CUSIP: 042855AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7355847 | PA      | $7057766.01    | 0.06%             | 2056-12-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT AH4R_15-SFR2                                | AH4R 15-SFR2 A 144A 3.732% 10-17-52/25                                           | CUSIP: 02666BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4206904 | PA      | $4181650.38    | 0.03%             | 2052-10-17      | Fixed         | 3.73%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT AH4R_15-SFR2                                | AH4R 15-SFR2 B 144A 4.295% 10-17-52/25                                           | CUSIP: 02666BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1871000 | PA      | $1862531.85    | 0.01%             | 2052-10-17      | Fixed         | 4.29%                 | Yes           |                  2 | On Loan: No      |
| AMSR TRUST AMSR_21-SFR3                                           | AMSR 21-SFR3 A 1.476% 10-17-38/10-19-26                                          | CUSIP: 00180UAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1981347 | PA      | $1892033.82    | 0.02%             | 2038-10-17      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| ARES1 2024-IND                                                    | ARES1 24-IND A 144A FRN (TSFR1M+169.163) 07-15-41/26                             | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1342000 | PA      | $1345722.71    | 0.01%             | 2041-07-15      | Variable      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| AOMT 2024-8                                                       | AOMT 24-8 A1 144A 5.338% 05-27-69/08-01-28                                       | CUSIP: 03465QAA2<br>LEI: 254900BM1HTLL3SKQ481 | Long             | ABS-CBDO         | CORP              | US        |   5449649 | PA      | $5427556.34    | 0.04%             | 2069-05-27      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| ATLX 2024-RPL1                                                    | ATLX 24-RPL1 A1 144A 3.85% 04-25-64/08-01-28                                     | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12083067 | PA      | $11632259.47   | 0.09%             | 2064-04-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| AHPT 2024-ATRM                                                    | AHPT 24-ATRM A 144A FRN 11-10-29/11-12-24                                        | CUSIP: 04963XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7479000 | PA      | $7445426.77    | 0.06%             | 2029-11-10      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| AOMT 2024-7                                                       | AOMT 24-7 A1 144A 5.621% 05-25-69/07-25-28                                       | CUSIP: 03466CAA2<br>LEI: 254900Q2UY574S9NQF08 | Long             | ABS-CBDO         | CORP              | US        |   5528020 | PA      | $5538706.16    | 0.04%             | 2069-05-25      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ALA 2025-OANA                                                     | ALA 2025-OANA A 144A FRN 06-15-40                                                | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4230000 | PA      | $4255172.73    | 0.03%             | 2030-06-15      | Variable      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2025-SFR1                                                    | AMSR 25-SFR1 C 144A 3.655% 06-17-42                                              | CUSIP: 00182MAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    878000 | PA      | $804853.82     | 0.01%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2025-SFR1                                                    | AMSR 25-SFR1 B 144A 3.655% 06-17-42                                              | CUSIP: 00182MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    594000 | PA      | $552893.42     | 0.00%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2025-SFR1                                                    | AMSR 25-SFR1 A 144A 3.655% 06-17-42                                              | CUSIP: 00182MAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9583000 | PA      | $9015111.42    | 0.07%             | 2042-06-17      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| BACM 2015-UBS7                                                    | BACM 15-UBS7 A4 3.705% 09-15-48/09-17-25                                         | CUSIP: 06054AAX7<br>LEI: 5493005NJP8BSE187672 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $497565.00     | 0.00%             | 2048-09-15      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| BANK_17-BNK4                                                      | BANK 17-BNK4 A3 3.362% 05-15-50/02-15-27                                         | CUSIP: 06541FAZ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10654029 | PA      | $10454415.15   | 0.08%             | 2050-05-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| BUNKER HILL LOAN DEPOSITARY TRUST BHLD_19-2                       | BHLD 19-2 A1 144A FRN 07-25-49/23                                                | CUSIP: 12061RAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1882494 | PA      | $1832602.44    | 0.01%             | 2049-07-25      | Variable      | 2.88%                 | Yes           |                  2 | On Loan: No      |
| BANK BANK_19-BN19                                                 | BANK 19-BN19 A3 3.183% 08-15-61                                                  | CUSIP: 06540WBD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1185000 | PA      | $1099183.49    | 0.01%             | 2061-08-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK24                                                   | BANK 19-BN24 A3 2.96% 11-15-62                                                   | CUSIP: 06540VBB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1649000 | PA      | $1520201.56    | 0.01%             | 2062-11-15      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_20-RPL1                     | BRAVO 20-RPL1 A1 144A FRN 05-26-59                                               | CUSIP: 10568YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4863597 | PA      | $4752430.02    | 0.04%             | 2059-05-26      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST BMARK_20-B19                             | BMARK 20-B19 A5 1.85% 09-15-53/8-16-30                                           | CUSIP: 08162WBC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6824129 | PA      | $5847350.47    | 0.05%             | 2053-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_20-RPL2                     | BRAVO 20-RPL2 A1 144A FRN 05-25-59                                               | CUSIP: 10569BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5947445 | PA      | $5554383.95    | 0.04%             | 2059-05-25      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| BXP TRUST BXP_17-GM                                               | BXP 17-GM A 144A 3.379% 06-13-39/06-15-27                                        | CUSIP: 056083AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3158000 | PA      | $3046276.28    | 0.02%             | 2039-06-13      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SOAR                           | BX 2021-SOAR A 144A FRN 06-15-38                                                 | CUSIP: 05608WAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1597540 | PA      | $1596894.50    | 0.01%             | 2038-06-15      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SOAR                           | BX 2021-SOAR B 144A FRN 06-15-38                                                 | CUSIP: 05608WAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    954767 | PA      | $954130.65     | 0.01%             | 2038-06-15      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-VOLT                           | BX 2021-VOLT A 144A FRN 09-15-36                                                 | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18852000 | PA      | $18764790.65   | 0.15%             | 2036-09-15      | Variable      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_21-SDMF                           | BX 2021-SDMF A 144A FRN 09-15-34                                                 | CUSIP: 12434CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16845307 | PA      | $16777083.64   | 0.13%             | 2034-09-15      | Variable      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ARIA                                               | BX 21-ARIA A 144A FRN (TSFR1M+101.36) 10-15-36/26                                | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5776000 | PA      | $5749742.30    | 0.05%             | 2036-10-15      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_21-ACNT                                               | BX 21-ACNT A 144A FRN (TSFR1M+96.45) 11-15-38/11-16-26                           | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16300673 | PA      | $16296239.52   | 0.13%             | 2038-11-15      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-RPL1                     | BRAVO 22-RPL1 A1 144A 2.75% 09-25-61                                             | CUSIP: 10569XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    291934 | PA      | $266669.50     | 0.00%             | 2061-09-25      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_22-AHP                            | BX 22-AHP A 144A FRN (TSFR1M+99) 02-15-39/01-16-24                               | CUSIP: 05610FAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10634000 | PA      | $10592686.91   | 0.08%             | 2039-02-15      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| BINOM SECURITIZATION TRUST BINOM_22-RPL1                          | BINOM 22-RPL1 A1 144A FRN 02-25-61/01-25-27                                      | CUSIP: 05552CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1869687 | PA      | $1733390.58    | 0.01%             | 2061-02-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-NQM1                     | BRAVO 2022-NQM1 A1 144A 3.626% 09-25-61/02-25-26                                 | CUSIP: 10569FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1108199 | PA      | $1071014.88    | 0.01%             | 2061-09-25      | Variable      | 3.63%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST BPR_22-OANA                                             | BPR 2022-OANA A 144A FRN 04-15-37                                                | CUSIP: 05592DAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10157000 | PA      | $10170549.44   | 0.08%             | 2037-04-15      | Variable      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-CSMO                            | BX 22-CSMO A 144A FRN (TSFR1M+211.48) 06-15-27                                   | CUSIP: 05610MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4773000 | PA      | $4794540.55    | 0.04%             | 2027-06-15      | Variable      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-NQM2                     | BRAVO 2022-NQM2 A1 144A 4.272% 11-25-61/05-25-26                                 | CUSIP: 10568KAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    558241 | PA      | $558155.61     | 0.00%             | 2061-11-25      | Variable      | 4.27%                 | Yes           |                  2 | On Loan: No      |
| BLP COMMERICAL MORTGAGE TRUST BLP_24-IND2                         | BLP 24-IND2 A 144A LIFE FRN (TSFR1M+134.215) 03-15-41/03-16-26                   | CUSIP: 05625AAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10917208 | PA      | $10936422.01   | 0.09%             | 2041-03-15      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST BX_24-CNYN                                               | BX 24-CNYN A 144A FRN (TSFR1M+144.188) 04-15-29                                  | CUSIP: 05612HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6125640 | PA      | $6140825.96    | 0.05%             | 2029-04-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_23-NQM8                     | BRAVO 23-NQM8 A1 144A 6.394% 10-25-63/11-01-27                                   | CUSIP: 10567MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1694026 | PA      | $1707058.54    | 0.01%             | 2063-10-25      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST BX_24-KING                           | BX 24-KING A 144A FRN (TSFR1M+154.104) 05-15-34/26                               | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3493015 | PA      | $3497793.56    | 0.03%             | 2034-05-15      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V7                                                     | BMARK 2024-V7 A3 FRN 05-15-56/29                                                 | CUSIP: 08163YAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4348000 | PA      | $4566634.83    | 0.04%             | 2056-05-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| BRAVO 2024-RPL1                                                   | BRAVO 24-RPL1 A1 144A FRN 10-25-63                                               | CUSIP: 10568TAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |         0 | PA      | $0.09          | 0.00%             | 2063-10-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V8                                                     | BMARK 24-V8 A3 6.189% 07-15-57/06-15-29                                          | CUSIP: 08190AAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1987000 | PA      | $2087401.12    | 0.02%             | 2057-07-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| BX 2024-AIRC                                                      | BX 2024-AIRC A 144A FRN 08-15-39                                                 | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14979173 | PA      | $15048601.38   | 0.12%             | 2039-08-15      | Variable      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-BIO2                                                      | BX 2024-BIO2 A 144A FRN 08-13-41                                                 | CUSIP: 05613GAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21410000 | PA      | $21525078.75   | 0.17%             | 2041-08-13      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_16-DNA3                       | STACR 16-DNA3 M3 FRN (SOFR30A+511.45) 12-25-28                                   | CUSIP: 3137G0KQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4690927 | PA      | $4831711.21    | 0.04%             | 2028-12-25      | Variable      | 9.44%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNMDI4 4.5 BM6736 11-01-59                                                       | CUSIP: 3140JBPW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4395574 | PA      | $4191430.81    | 0.03%             | 2059-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8288 01-01-53                                                    | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    902505 | PA      | $876562.43     | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9289 06-01-53                                                    | CUSIP: 3133KRKA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2057642 | PA      | $2137559.05    | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9290 06-01-53                                                    | CUSIP: 3133KRKB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1116151 | PA      | $1158743.62    | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9291 06-01-53                                                    | CUSIP: 3133KRKC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    692183 | PA      | $713797.69     | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9292 06-01-53                                                    | CUSIP: 3133KRKD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2204629 | PA      | $2275832.02    | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9294 06-01-53                                                    | CUSIP: 3133KRKF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2507994 | PA      | $2595126.88    | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9295 06-01-53                                                    | CUSIP: 3133KRKG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    605553 | PA      | $634737.96     | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8342 07-01-53                                                    | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2371466 | PA      | $2354120.63    | 0.02%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8331 06-01-53                                                    | CUSIP: 3132DWHG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1453747 | PA      | $1442288.40    | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5072 07-01-53                                                    | CUSIP: 31418ET67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    520699 | PA      | $516528.00     | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA4979 04-01-53                                                    | CUSIP: 31418EQ94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3558438 | PA      | $3530845.75    | 0.03%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD2948 11-01-52                                                    | CUSIP: 3132DQHZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    311235 | PA      | $309148.21     | 0.00%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8341 07-01-53                                                    | CUSIP: 3132DWHS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     60114 | PA      | $58339.40      | 0.00%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 FS4563 05-01-53                                                    | CUSIP: 3140XLB98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1248767 | PA      | $1213869.78    | 0.01%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8315 04-01-53                                                    | CUSIP: 3132DWGY3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2536671 | PA      | $2462523.84    | 0.02%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD2716 04-01-53                                                    | CUSIP: 3132DQAR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1935937 | PA      | $1880840.68    | 0.02%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8329 06-01-53                                                    | CUSIP: 3132DWHE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    645242 | PA      | $626381.09     | 0.00%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5073 07-01-53                                                    | CUSIP: 31418ET75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    794042 | PA      | $803585.51     | 0.01%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 BX5666 01-01-53                                                    | CUSIP: 3140NAJL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     73816 | PA      | $74676.90      | 0.00%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QG3376 05-01-53                                                    | CUSIP: 3133C3XD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    200967 | PA      | $203998.18     | 0.00%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QF0924 09-01-52                                                    | CUSIP: 3133BNAZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     24653 | PA      | $24497.09      | 0.00%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QF1573 10-01-52                                                    | CUSIP: 3133BNXA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     22752 | PA      | $22592.08      | 0.00%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QF8331 02-01-53                                                    | CUSIP: 3133BWHG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     24145 | PA      | $23948.52      | 0.00%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD3240 06-01-53                                                    | CUSIP: 3132DQS56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    377259 | PA      | $381749.41     | 0.00%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD3356 07-01-53                                                    | CUSIP: 3132DQWR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2035581 | PA      | $2058617.93    | 0.02%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS5192 06-01-53                                                    | CUSIP: 3140XLXW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1328220 | PA      | $1316052.02    | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 4.5 SD2465 10-01-52                                                    | CUSIP: 3132DPW20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    125911 | PA      | $119074.13     | 0.00%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5165 10-01-53                                                    | CUSIP: 31418EW30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5158 | PA      | $5115.14       | 0.00%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8363 09-01-53                                                    | CUSIP: 3132DWJG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3288135 | PA      | $3325389.95    | 0.03%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD3825 09-01-53                                                    | CUSIP: 3132E0HA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  25324224 | PA      | $26113706.95   | 0.21%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5191 11-01-53                                                    | CUSIP: 31418EXV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  21676390 | PA      | $21929439.97   | 0.17%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8368 10-01-53                                                    | CUSIP: 3132DWJM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  11055133 | PA      | $11178773.56   | 0.09%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FS COMMERCIAL TRUST FS_23-4SZN                                    | FS 23-4SZN A 144A 7.06626% 11-10-39/11-15-27                                     | CUSIP: 30334RAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4347000 | PA      | $4468620.37    | 0.04%             | 2039-11-10      | Fixed         | 7.07%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5166 10-01-53                                                    | CUSIP: 31418EW48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  17996007 | PA      | $18206110.11   | 0.15%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD4053 10-01-53                                                    | CUSIP: 3132E0QE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  28338072 | PA      | $28675408.75   | 0.23%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8362 09-01-53                                                    | CUSIP: 3132DWJF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    399888 | PA      | $396582.55     | 0.00%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5139 09-01-53                                                    | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1553776 | PA      | $1572095.41    | 0.01%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 7.0 MA5218 12-01-53                                                    | CUSIP: 31418EYQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2315010 | PA      | $2417706.46    | 0.02%             | 2053-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 7.0 SD8386 12-01-53                                                    | CUSIP: 3132DWJ79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6128375 | PA      | $6400236.10    | 0.05%             | 2053-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 7.0 MA5249 01-01-54                                                    | CUSIP: 31418EZP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    999900 | PA      | $1044256.76    | 0.01%             | 2054-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8402 02-01-54                                                    | CUSIP: 3132DWKP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6532213 | PA      | $6605445.15    | 0.05%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CB7932 02-01-54                                                    | CUSIP: 3140QTY60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  21032745 | PA      | $21311260.25   | 0.17%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB7933 02-01-54                                                    | CUSIP: 3140QTY78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5182102 | PA      | $5331932.28    | 0.04%             | 2054-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_K515               | FHMS K515 A2 (MF) 5.4% 01-25-29                                                  | CUSIP: 3137HBPD0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |  24996000 | PA      | $25873909.51   | 0.21%             | 2029-01-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS6873 01-01-54                                                    | CUSIP: 3140XNT79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  21242929 | PA      | $21844443.63   | 0.17%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5296 03-01-54                                                    | CUSIP: 31418E3E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    169175 | PA      | $167624.54     | 0.00%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8408 03-01-54                                                    | CUSIP: 3132DWKV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3626754 | PA      | $3593518.76    | 0.03%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CB8163 03-01-54                                                    | CUSIP: 3140QUB96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  12259179 | PA      | $12470367.52   | 0.10%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB8151 03-01-54                                                    | CUSIP: 3140QUBV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3044204 | PA      | $3019414.95    | 0.02%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5271 02-01-54                                                    | CUSIP: 31418E2D1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    320134 | PA      | $317199.81     | 0.00%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CB8168 03-01-54                                                    | CUSIP: 3140QUCE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    115011 | PA      | $116454.50     | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS4191 03-01-53                                                    | CUSIP: 3140XKUR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1144488 | PA      | $1141382.57    | 0.01%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD2861 05-01-53                                                    | CUSIP: 3132DQFA9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4256430 | PA      | $4311610.82    | 0.03%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS7507 03-01-54                                                    | CUSIP: 3140XPKV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  12990527 | PA      | $13214314.72   | 0.11%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ1216 04-01-54                                                    | CUSIP: 3142GRK66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1004821 | PA      | $1002094.93    | 0.01%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ1215 04-01-54                                                    | CUSIP: 3142GRK58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    728860 | PA      | $722996.66     | 0.01%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH CERTS FHMS_K518         | FHMS K518 A2 5.40% 01-25-29                                                      | CUSIP: 3137HC2L5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2203000 | PA      | $2280801.15    | 0.02%             | 2029-01-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS6809 02-01-54                                                    | CUSIP: 3140XNR71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    151977 | PA      | $150604.33     | 0.00%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB8337 04-01-54                                                    | CUSIP: 3140QUHP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3425295 | PA      | $3400430.90    | 0.03%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 7.0 MA5274 02-01-54                                                    | CUSIP: 31418E2G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   9355944 | PA      | $9770983.03    | 0.08%             | 2054-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB6768 07-01-53                                                    | CUSIP: 3140QSQW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2240848 | PA      | $2313220.35    | 0.02%             | 2053-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5388 06-01-54                                                    | CUSIP: 31418E7A2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3981584 | PA      | $3945096.97    | 0.03%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ1768 06-01-54                                                    | CUSIP: 3142GR6E5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    443205 | PA      | $441390.54     | 0.00%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ1785 06-01-54                                                    | CUSIP: 3142GR6X3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    111138 | PA      | $112988.24     | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8153 06-01-54                                                    | CUSIP: 3140XQBX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3673846 | PA      | $3733421.29    | 0.03%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS7031 02-01-54                                                    | CUSIP: 3140XNY57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1811113 | PA      | $1842311.13    | 0.01%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS7503 02-01-54                                                    | CUSIP: 3140XPKR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1478395 | PA      | $1494267.17    | 0.01%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8447 07-01-54                                                    | CUSIP: 3132DWL43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6230934 | PA      | $6297828.96    | 0.05%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5421 07-01-54                                                    | CUSIP: 31418FAX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7673918 | PA      | $7756304.86    | 0.06%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES FKH_20-SFR2                                        | FKH 20-SFR2 C 144A 1.667% 10-19-37/11-19-25                                      | CUSIP: 33767JAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $787120.80     | 0.01%             | 2037-10-19      | Fixed         | 1.67%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QI8872 07-01-54                                                    | CUSIP: 3133WF2D8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    621591 | PA      | $616468.19     | 0.00%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QI8874 07-01-54                                                    | CUSIP: 3133WF2F3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    842001 | PA      | $853925.88     | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB8872 07-01-54                                                    | CUSIP: 3140QU2E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  10677734 | PA      | $11055031.91   | 0.09%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB8725 06-01-54                                                    | CUSIP: 3140QUVT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6798908 | PA      | $7024515.65    | 0.06%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ1964 07-01-54                                                    | CUSIP: 3142GSFE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2499977 | PA      | $2547626.90    | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB8876 07-01-54                                                    | CUSIP: 3140QU2J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3070492 | PA      | $3174293.47    | 0.03%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB8842 07-01-54                                                    | CUSIP: 3140QUZG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2157448 | PA      | $2139666.64    | 0.02%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ1963 07-01-54                                                    | CUSIP: 3142GSFD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    562082 | PA      | $556930.95     | 0.00%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8318 07-01-54                                                    | CUSIP: 3140XQG43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    855873 | PA      | $872191.67     | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS8317 07-01-54                                                    | CUSIP: 3140XQG35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1735742 | PA      | $1794286.45    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8454 08-01-54                                                    | CUSIP: 3132DWMB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5674331 | PA      | $5735250.41    | 0.05%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5445 08-01-54                                                    | CUSIP: 31418FBP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8158860 | PA      | $8246999.67    | 0.07%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB6878 06-01-54                                                    | CUSIP: 3140AGUC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1994433 | PA      | $2016564.88    | 0.02%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB6901 07-01-54                                                    | CUSIP: 3140AGU36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1214939 | PA      | $1228064.15    | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 DB5213 07-01-54                                                    | CUSIP: 3140AEYK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1614588 | PA      | $1599792.13    | 0.01%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS4840 05-01-53                                                    | CUSIP: 3140XLLW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    258230 | PA      | $255925.73     | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS6838 11-01-53                                                    | CUSIP: 3140XNS47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1489039 | PA      | $1476919.46    | 0.01%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD3512 08-01-53                                                    | CUSIP: 3132DQ3V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    167891 | PA      | $169836.56     | 0.00%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5873 07-01-54                                                    | CUSIP: 3132DTQ29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    617252 | PA      | $624811.65     | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ1986 07-01-54                                                    | CUSIP: 3142GSF45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     27176 | PA      | $27993.73      | 0.00%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB9071 08-01-54                                                    | CUSIP: 3140QVCH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6627446 | PA      | $6865417.31    | 0.05%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2212 08-01-54                                                    | CUSIP: 3142GSN61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3749700 | PA      | $3821195.35    | 0.03%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 CB8977 08-01-54                                                    | CUSIP: 3140QU6P6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    362567 | PA      | $351777.10     | 0.00%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QJ3044 09-01-54                                                    | CUSIP: 3133CTLZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2130037 | PA      | $2110516.86    | 0.02%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8446 07-01-54                                                    | CUSIP: 3132DWL35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3621467 | PA      | $3588279.46    | 0.03%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2474 09-01-54                                                    | CUSIP: 3142GSXC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    316466 | PA      | $326230.31     | 0.00%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2470 09-01-54                                                    | CUSIP: 3142GSW87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    560117 | PA      | $576913.67     | 0.00%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2411 09-01-54                                                    | CUSIP: 3142GSVD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1078430 | PA      | $1114449.14    | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2422 09-01-54                                                    | CUSIP: 3142GSVQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2389379 | PA      | $2371886.65    | 0.02%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2415 09-01-54                                                    | CUSIP: 3142GSVH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1007836 | PA      | $1005101.76    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2408 09-01-54                                                    | CUSIP: 3142GSVA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    907268 | PA      | $900069.03     | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB9146 09-01-54                                                    | CUSIP: 3140QVEU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1092135 | PA      | $1087284.49    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB9210 09-01-54                                                    | CUSIP: 3140QVGU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1821787 | PA      | $1808450.18    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD6286 08-01-54                                                    | CUSIP: 3132DT6X3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    559728 | PA      | $558209.66     | 0.00%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC1873 09-01-54                                                    | CUSIP: 3140APCK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    212732 | PA      | $215827.82     | 0.00%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8401 02-01-54                                                    | CUSIP: 3132DWKN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     39775 | PA      | $39410.09      | 0.00%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5295 03-01-54                                                    | CUSIP: 31418E3D0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    212438 | PA      | $214718.85     | 0.00%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8439 06-01-54                                                    | CUSIP: 3132DWLU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     73071 | PA      | $73859.83      | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD6271 09-01-54                                                    | CUSIP: 3132DT6G0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1581744 | PA      | $1630490.65    | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS8783 08-01-54                                                    | CUSIP: 3140XQXM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1815989 | PA      | $1877244.29    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 QJ4693 09-01-54                                                    | CUSIP: 3133CVGA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    801795 | PA      | $829244.39     | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 QI9151 07-01-54                                                    | CUSIP: 3133WGEY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1518536 | PA      | $1570522.57    | 0.01%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB7626 12-01-53                                                    | CUSIP: 3140QTPL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6220215 | PA      | $6426308.89    | 0.05%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB7426 11-01-53                                                    | CUSIP: 3140QTHC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  17119505 | PA      | $17667277.33   | 0.14%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD6328 09-01-54                                                    | CUSIP: 3132DUA56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1048983 | PA      | $1047425.98    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 BU5049 10-01-54                                                    | CUSIP: 3140M6TF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1546250 | PA      | $1608051.98    | 0.01%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 7.0 SD8404 02-01-54                                                    | CUSIP: 3132DWKR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  31414827 | PA      | $32808420.64   | 0.26%             | 2054-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8462 09-01-54                                                    | CUSIP: 3132DWMK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    193285 | PA      | $191514.00     | 0.00%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FAHB 2024-HB1                                                     | FAHB 24-HB1 A1A 144A FRN 10-01-34/01-26-26                                       | CUSIP: 31737DAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  22481861 | PA      | $22321138.28   | 0.18%             | 2034-10-01      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD6733 10-01-54                                                    | CUSIP: 3132DUPS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    522516 | PA      | $538611.57     | 0.00%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 BU5165 11-01-54                                                    | CUSIP: 3140M6W33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     63249 | PA      | $62727.37      | 0.00%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 CB9432 11-01-54                                                    | CUSIP: 3140QVPS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  18332237 | PA      | $18609420.83   | 0.15%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2917 11-01-54                                                    | CUSIP: 3142GTG34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  21148115 | PA      | $20969624.69   | 0.17%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2922 11-01-54                                                    | CUSIP: 3142GTG83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2157670 | PA      | $2180834.32    | 0.02%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8493 12-01-54                                                    | CUSIP: 3132DWNJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2623614 | PA      | $2598957.53    | 0.02%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8432 05-01-54                                                    | CUSIP: 3132DWLM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1193493 | PA      | $1206737.69    | 0.01%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FS9025 09-01-54                                                    | CUSIP: 3140XRA39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8345250 | PA      | $8309356.86    | 0.07%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 MA5552 12-01-54                                                    | CUSIP: 31418FE29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    178505 | PA      | $172918.76     | 0.00%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FMBT 2024-FBLU                                                    | FMBT 24-FBLU A 144A FRN (TSFR1M+145) 12-15-29/26                                 | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5334000 | PA      | $5315720.38    | 0.04%             | 2029-12-15      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 CB9616 12-01-54                                                    | CUSIP: 3140QVVJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6880498 | PA      | $6822171.84    | 0.05%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 QX0376 12-01-54                                                    | CUSIP: 31425UM28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6268957 | PA      | $6217287.87    | 0.05%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8469 10-01-54                                                    | CUSIP: 3132DWMS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7637587 | PA      | $7567595.71    | 0.06%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 7.0 SD8398 01-01-54                                                    | CUSIP: 3132DWKK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  18177742 | PA      | $18984125.31   | 0.15%             | 2054-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                       | SWEDBANK AB 144A LIFE SR NON PREF 6.136% 09-12-26                                | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |  20000000 | PA      | $20412620.00   | 0.16%             | 2026-09-12      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 DA4639 12-01-53                                                    | CUSIP: 3140A5EM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      9045 | PA      | $9378.00       | 0.00%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_15-GS1                          | GSMS 15-GS1 A2 3.47% 11-10-48/10-10-25                                           | CUSIP: 36252AAB2<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-MBS          | CORP              | US        |    958046 | PA      | $953370.32     | 0.01%             | 2048-11-10      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                     | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 5.65% 10-01-28                     | CUSIP: 842400HY2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    661000 | PA      | $674368.06     | 0.01%             | 2028-10-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                                     | SOUTHERN CALIFORNIA EDISON CO SR SEC 1ST LIEN 4.875% 02-01-27                    | CUSIP: 842400JA2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   4885000 | PA      | $4896167.11    | 0.04%             | 2027-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GSMS 2017-GS5                                                     | GSMS 17-GS5 A4 3.674% 03-10-50/02-12-27                                          | CUSIP: 36252HAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9075467 | PA      | $8847445.89    | 0.07%             | 2050-03-10      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| GSMS 2017-GS6                                                     | GSMS 17-GS6 A3 3.433% 05-10-50/04-12-27                                          | CUSIP: 36253PAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4459000 | PA      | $4326153.01    | 0.03%             | 2050-05-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_17-GS7                          | GSMS 17-GS7 A4 3.43% 08-10-50/07-12-27                                           | CUSIP: 36254CAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $963503.00     | 0.01%             | 2050-08-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA5765 02-20-49                                                         | CUSIP: 36179UMN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    294924 | PA      | $289712.46     | 0.00%             | 2049-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF SAUDI ARABIA MINISTRY OF FINANCE                       | SAUDI GOVERNMENT INTERNATIONAL BOND REG S 3.25% 10-26-26                         | CUSIP: N/A<br>LEI: 635400FMICXSM3SI3H65       | Long             | DBT              | NUSS              | SA        |   2000000 | PA      | $1974762.00    | 0.02%             | 2026-10-26      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| SASKATCHEWAN (PROVINCE OF)                                        | PROVINCE OF SASKATCHEWAN CANADA 3.25% 06-08-27                                   | CUSIP: 803854KQ0<br>LEI: 549300FKDIB7OJMBSP83 | Long             | DBT              | NUSS              | CA        |   3364000 | PA      | $3299537.35    | 0.03%             | 2027-06-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SWEDEN (KINGDOM OF)                                               | SWEDEN GOVERNMENT INTERNATIONAL BOND 144A LIFE 4.375% 01-30-26                   | CUSIP: 87020D2C7<br>LEI: ERE94C0BSULG2RM19605 | Long             | DBT              | NUSS              | SE        |   8840000 | PA      | $8841502.80    | 0.07%             | 2026-01-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.0% 09-30-25                                        | CUSIP: 9128285C0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    670000 | PA      | $667212.67     | 0.01%             | 2025-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.875% 02-15-51                                      | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    354000 | PA      | $193817.19     | 0.00%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.875% 02-15-41                                      | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    340700 | PA      | $229440.16     | 0.00%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 0.875% 06-30-26                                      | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7200000 | PA      | $6955031.52    | 0.06%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 0.875% 09-30-26                                      | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  51796100 | PA      | $49700642.16   | 0.40%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 1.25% 12-31-26                                       | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19173218.00   | 0.15%             | 2026-12-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.25% 05-15-42                                       | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    152100 | PA      | $123453.81     | 0.00%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 2.875% 06-15-25                                      | CUSIP: 91282CEU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 150000000 | PA      | $149917965.00  | 1.20%             | 2025-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.5% 09-15-25                                        | CUSIP: 91282CFK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9154500 | PA      | $9133043.68    | 0.07%             | 2025-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.125% 09-30-27                                      | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 305000000 | PA      | $306750212.00  | 2.45%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.25% 10-15-25                                       | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12420000 | PA      | $12419272.19   | 0.10%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.5% 11-15-25                                        | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32861400 | PA      | $32884504.85   | 0.26%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.0% 02-15-26                                        | CUSIP: 91282CGL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18459000 | PA      | $18429076.12   | 0.15%             | 2026-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.625% 02-15-53                                      | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7859500 | PA      | $6279887.47    | 0.05%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 1.5% 02-15-53                 | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7477276 | PA      | $5828475.68    | 0.05%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 3.625% 03-31-28                                      | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1670700 | PA      | $1660453.93    | 0.01%             | 2028-03-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES TREASURY                                            | UNITED STATES TREASURY NOTE 4.625% 06-30-25                                      | CUSIP: 91282CHL8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 393903000 | PA      | $394010693.08  | 3.14%             | 2025-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_22-NQM3                     | BRAVO 2022-NQM3 A1 144A 5.108% 07-25-62/09-01-26                                 | CUSIP: 10569JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5559523 | PA      | $5532137.18    | 0.04%             | 2062-07-25      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2023-5YR1                                                   | BANK5 2023-5YR1 A3 FRN 04-15-56/03-17-28                                         | CUSIP: 06644EAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1465000 | PA      | $1517490.95    | 0.01%             | 2056-04-15      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| BBCMS 2018-TALL                                                   | BBCMS 2018-TALL A 144A FRN 03-15-37                                              | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6045000 | PA      | $5704841.81    | 0.05%             | 2037-03-15      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA4842 12-01-52                                                    | CUSIP: 31418ELY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2964679 | PA      | $2944341.77    | 0.02%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 3.5 SD8175 10-01-51                                                    | CUSIP: 3132DWCL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     12431 | PA      | $11104.32      | 0.00%             | 2051-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 BX1762 11-01-52                                                    | CUSIP: 3140N55Y6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     34307 | PA      | $34071.78      | 0.00%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA4894 01-01-53                                                    | CUSIP: 31418ENL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1249249 | PA      | $1265796.53    | 0.01%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8301 02-01-53                                                    | CUSIP: 3132DWGJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4043518 | PA      | $4097065.99    | 0.03%             | 2053-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8290 01-01-53                                                    | CUSIP: 3132DWF73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8182631 | PA      | $8302899.72    | 0.07%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIVE 2023-V1 MORTGAGE TRUST                                       | FIVE 23-V1 A3 5.6679% 02-10-56/02-11-28                                          | CUSIP: 337964AC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7079000 | PA      | $7224360.19    | 0.06%             | 2056-02-10      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA4919 02-01-53                                                    | CUSIP: 31418EPD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    512802 | PA      | $509285.04     | 0.00%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA4942 03-01-53                                                    | CUSIP: 31418EP46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    357082 | PA      | $361624.12     | 0.00%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8324 05-01-53                                                    | CUSIP: 3132DWG98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1256545 | PA      | $1246641.18    | 0.01%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5010 05-01-53                                                    | CUSIP: 31418ER85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     84874 | PA      | $84204.71      | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA4980 04-01-53                                                    | CUSIP: 31418ERA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     48978 | PA      | $49650.65      | 0.00%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8325 05-01-53                                                    | CUSIP: 3132DWHA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2874317 | PA      | $2909524.58    | 0.02%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5039 06-01-53                                                    | CUSIP: 31418ES50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    884647 | PA      | $877674.07     | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB6491 06-01-53                                                    | CUSIP: 3140QSF97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   5456750 | PA      | $5654666.30    | 0.05%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB6468 06-01-53                                                    | CUSIP: 3140QSFJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1412736 | PA      | $1458361.21    | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 CB6490 06-01-53                                                    | CUSIP: 3140QSF89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1971170 | PA      | $2033074.49    | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AFFRM 2024-B                                                      | AFFRM 24-B A 144A 4.62% 09-15-29/03-15-27                                        | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10839000 | PA      | $10823619.46   | 0.09%             | 2029-09-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9287 06-01-53                                                    | CUSIP: 3133KRJ88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1455342 | PA      | $1513334.59    | 0.01%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RA9279 06-01-53                                                    | CUSIP: 3133KRJY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2868627 | PA      | $2915199.25    | 0.02%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AVCCT 2024-2A                                                     | AVCCT 24-2 A 144A 5.38% 05-15-29/11-16-26                                        | CUSIP: 05351KAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  39223000 | PA      | $39047908.53   | 0.31%             | 2029-05-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2024-4                                                       | ACAR 24-4 B 144A 4.8% 11-13-28                                                   | CUSIP: 024945AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2044000 | PA      | $2043229.41    | 0.02%             | 2028-11-13      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RA9288 06-01-53                                                    | CUSIP: 3133KRJ96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2097431 | PA      | $2179598.20    | 0.02%             | 2053-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC0296 08-01-54                                                    | CUSIP: 3140AMKJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    132786 | PA      | $134975.85     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACHV 2024-3AL                                                     | ACHV 24-3AL A 144A 5.01% 12-26-31                                                | CUSIP: 00092KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1197057 | PA      | $1196738.13    | 0.01%             | 2031-12-26      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2024-3AL                                                     | ACHV 24-3AL B 144A 5.45% 12-26-31                                                | CUSIP: 00092KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    653547 | PA      | $655515.80     | 0.01%             | 2031-12-26      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB7687 08-01-54                                                    | CUSIP: 3140AHRH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    168622 | PA      | $171670.59     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB7039 07-01-54                                                    | CUSIP: 3140AGZD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    335813 | PA      | $340605.14     | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AFFRM 2024-X2                                                     | AFFRM 24-X2 A 144A 5.22% 12-17-29                                                | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9159079 | PA      | $9163035.74    | 0.07%             | 2029-12-17      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| APOLLO AVIATION SECURITIZATION EQUITY TRUST AASET_25-1            | AASET 25-1 A 144A 5.943% 02-16-50/02-17-32                                       | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360289 | PA      | $361980.69     | 0.00%             | 2050-02-16      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2025-1                                                       | ACAR 25-1 A 144A 4.67% 07-12-28                                                  | CUSIP: 02528DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4034710 | PA      | $4033693.50    | 0.03%             | 2028-07-12      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2025-1PL                                                     | ACHV 25-1PL C 144A 5.31% 04-26-32                                                | CUSIP: 00112MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2803902 | PA      | $2784131.69    | 0.02%             | 2032-04-26      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 SD4693 01-01-54                                                    | CUSIP: 3132DSGA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2127605 | PA      | $2193675.52    | 0.02%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCI UMBS 6.0 MA5477 09-01-39                                                    | CUSIP: 31418FCP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3737696 | PA      | $3829318.17    | 0.03%             | 2039-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACHV 2025-1PL                                                     | ACHV 25-1PL B 144A 5.04% 04-26-32                                                | CUSIP: 00112MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2660823 | PA      | $2649288.33    | 0.02%             | 2032-04-26      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| ACHV 2025-1PL                                                     | ACHV 25-1PL A 144A 4.76% 04-26-32                                                | CUSIP: 00112MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4314554 | PA      | $4299604.11    | 0.03%             | 2032-04-26      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB5214 07-01-54                                                    | CUSIP: 3140AEYL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3054264 | PA      | $3087054.76    | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB2495 05-01-54                                                    | CUSIP: 3140ABXZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1265492 | PA      | $1279078.80    | 0.01%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_22-4A                        | AESOP 22-4A A 144A 4.77% 02-20-29/02-22-28                                       | CUSIP: 05377RFP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9913000 | PA      | $9957846.41    | 0.08%             | 2029-02-20      | Fixed         | 4.77%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2025-X1                                                     | AFFRM 2025-X1 A 144A 5.08% 04-15-30                                              | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20000000 | PA      | $19999260.00   | 0.16%             | 2030-04-15      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| ACAR 2025-2                                                       | ACAR 2025-2 A 144A 4.81% 09-12-28                                                | CUSIP: 024938AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13513000 | PA      | $13514378.33   | 0.11%             | 2028-09-12      | Fixed         | 4.81%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_25-1                         | AESOP 2025-1A A 144A 4.8% 08-20-29                                               | CUSIP: 05377RKL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1860000 | PA      | $1877059.92    | 0.01%             | 2029-08-20      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-B                               | CPS 23-B A 144A 5.91% 08-16-27/03-17-25                                          | CUSIP: 12664WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    102841 | PA      | $102892.89     | 0.00%             | 2027-08-16      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST CARMX_23-3                                | CARMX 23-3 A3 5.28% 05-15-28/01-15-27                                            | CUSIP: 14319BAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3642000 | PA      | $3661222.48    | 0.03%             | 2028-05-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2314 09-01-54                                                    | CUSIP: 3142GSSC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2770154 | PA      | $2809384.43    | 0.02%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2309 09-01-54                                                    | CUSIP: 3142GSR75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    863908 | PA      | $874752.56     | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-C                               | CPS 23-C C 144A 6.27% 10-15-29/07-15-26                                          | CUSIP: 223928AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1171000 | PA      | $1182008.57    | 0.01%             | 2029-10-15      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_23-P3                        | CRVNA 23-P3 A3 144A 5.82% 08-10-28/11-10-26                                      | CUSIP: 14688GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1288065 | PA      | $1296746.53    | 0.01%             | 2028-08-10      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2306 09-01-54                                                    | CUSIP: 3142GSR42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1331075 | PA      | $1355638.77    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2308 09-01-54                                                    | CUSIP: 3142GSR67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1427152 | PA      | $1454363.84    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_23-P3                        | CRVNA 23-P3 A4 144A 5.71% 07-10-29/04-10-28                                      | CUSIP: 14688GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    736000 | PA      | $754363.20     | 0.01%             | 2029-07-10      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST CAALT_23-3                      | CAALT 23-3 A 144A 6.39% 08-15-33/07-15-26                                        | CUSIP: 224936AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7463000 | PA      | $7534868.69    | 0.06%             | 2033-08-15      | Fixed         | 6.39%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST CITZN_23-2                        | CITZN 23-2 A3 144A 5.83% 02-15-28/08-17-26                                       | CUSIP: 17295FAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5430000 | PA      | $5469877.92    | 0.04%             | 2028-02-15      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST CITZN_23-2                        | CITZN 23-2 A4 144A 5.74% 10-15-30/01-15-27                                       | CUSIP: 17295FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6081000 | PA      | $6180661.51    | 0.05%             | 2030-10-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2312 09-01-54                                                    | CUSIP: 3142GSSA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1505527 | PA      | $1529848.96    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.5 FS6767 01-01-54                                                    | CUSIP: 3140XNQV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   8413277 | PA      | $8700287.87    | 0.07%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CITIBANK CREDIT CARD ISSUANCE TRUST CCCIT_23-A1                   | CCCIT 23-A1 A1 5.23% 12-08-27/25                                                 | CUSIP: 17305EGW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7630000 | PA      | $7656476.10    | 0.06%             | 2027-12-08      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST CITZN_24-1                        | CITZN 24-1 A2A 144A 5.43% 10-15-26/07-15-25                                      | CUSIP: 17331QAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    229948 | PA      | $230178.08     | 0.00%             | 2026-10-15      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ0326 11-01-53                                                    | CUSIP: 3142GQLG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2708172 | PA      | $2796740.29    | 0.02%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8756 08-01-54                                                    | CUSIP: 3140XQWS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    520444 | PA      | $528851.36     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-1                                                      | CARMX 24-1 A3 4.92% 10-16-28/07-15-27                                            | CUSIP: 14318WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10041570.00   | 0.08%             | 2028-10-16      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-1                                                      | CARMX 24-1 A2A 5.30% 03-15-27/11-17-25                                           | CUSIP: 14318WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    447826 | PA      | $448409.60     | 0.00%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                 | CPS 24-A B 144A 5.65% 05-15-28/01-15-26                                          | CUSIP: 22411CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1803612.60    | 0.01%             | 2028-05-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                 | CPS 24-A A 144A 5.71% 09-15-27/06-16-25                                          | CUSIP: 22411CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580845 | PA      | $581633.69     | 0.00%             | 2027-09-15      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD6029 08-01-54                                                    | CUSIP: 3132DTVW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    802140 | PA      | $815098.89     | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 BU4916 08-01-54                                                    | CUSIP: 3140M6PA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    630290 | PA      | $638202.22     | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHASE ISSUANCE TRUST CHAIT_24-A1                                  | CHAIT 24-A1 A 4.6% 01-16-29/01-15-27                                             | CUSIP: 161571HV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15114000 | PA      | $15197489.74   | 0.12%             | 2029-01-16      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-N1                                                     | CRVNA 24-N1 A2 144A 5.76% 04-12-27/07-10-25                                      | CUSIP: 14687QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535633 | PA      | $536125.86     | 0.00%             | 2027-04-12      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| CHAOT 2024-1A                                                     | CHAOT 24-1 A3 144A 5.13% 05-25-29/11-26-27                                       | CUSIP: 16144BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6257000 | PA      | $6304884.82    | 0.05%             | 2029-05-25      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CEFI 2024-1A                                                      | CEFI 24-1 A 144A 5.97% 07-16-29/06-15-27                                         | CUSIP: 20166RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5560358 | PA      | $5610067.12    | 0.04%             | 2029-07-16      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 2024-2                                     | CHAOT 24-2 A3 144A 5.52% 06-25-29/01-25-28                                       | CUSIP: 16144CAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5821000 | PA      | $5906452.28    | 0.05%             | 2029-06-25      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST CARMX_24-2                                | CARMX 24-2 A2A 5.65% 05-17-27/02-17-26                                           | CUSIP: 14319EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4999243 | PA      | $5011290.69    | 0.04%             | 2027-05-17      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CNH 2024-B                                                        | CNH 24-B A2A 5.42% 10-15-27/03-16-26                                             | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5294463 | PA      | $5305941.34    | 0.04%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| CNH 2024-B                                                        | CNH 24-B A3 5.19% 09-17-29/04-17-28                                              | CUSIP: 18978JAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5635000 | PA      | $5704051.29    | 0.05%             | 2029-09-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-P2                                                     | CRVNA 24-P2 A2 5.63% 11-10-27/03-10-26                                           | CUSIP: 14688PAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    546350 | PA      | $547532.48     | 0.00%             | 2027-11-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-P2                                                     | CRVNA 24-P2 A3 5.33% 07-10-29/10-12-27                                           | CUSIP: 14688PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1678000 | PA      | $1694206.12    | 0.01%             | 2029-07-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-N2                            | CRVNA 24-N2 A2 5.9% 08-10-27/10-10-25                                            | CUSIP: 14687VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2049859 | PA      | $2054993.66    | 0.02%             | 2027-08-10      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| CLICKLEASE EQUIPMENT RECEIVABLES LLC CLICK_24-1                   | CLICK 24-1 A 144A 6.86% 02-15-30/07-15-25                                        | CUSIP: 18682FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230463 | PA      | $230612.48     | 0.00%             | 2030-02-15      | Fixed         | 6.86%                 | Yes           |                  2 | On Loan: No      |
| CMXS 2024-A                                                       | CMXS 24-A C 5.62% 01-15-30/03-15-28                                              | CUSIP: 14319FAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1438000 | PA      | $1459372.99    | 0.01%             | 2030-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CMXS 2024-A                                                       | CMXS 24-A A2A 5.78% 09-15-27/02-17-26                                            | CUSIP: 14319FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2274681 | PA      | $2283184.19    | 0.02%             | 2027-09-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| CPS 2025-B                                                        | CPS 25-B A 144A 4.74% 02-15-29/11-16-26                                          | CUSIP: 12630SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10142000 | PA      | $10138815.41   | 0.08%             | 2029-02-15      | Fixed         | 4.74%                 | Yes           |                  2 | On Loan: No      |
| CRVNA 2024-N1                                                     | CRVNA 24-N1 B 144A 5.63% 05-10-30/01-11-27                                       | CUSIP: 14687QAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3540106.50    | 0.03%             | 2030-05-10      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_20-1                                         | CLIF 20-1A A 144A 2.08% 09-18-45                                                 | CUSIP: 12563LAN7<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |   5153585 | PA      | $4764118.09    | 0.04%             | 2045-09-18      | Fixed         | 2.08%                 | Yes           |                  2 | On Loan: No      |
| DRSLF 2016-45A                                                    | DRSLF 16-45 A1RR CLO 144A FRN (TSFR3M+108) 10-15-30                              | CUSIP: 26244MAW2<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-O            | CORP              | KY        |   5764467 | PA      | $5764207.60    | 0.05%             | 2030-10-15      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| DEFT 2024-2                                                       | DEFT 24-2 A3 144A 4.59% 08-22-30                                                 | CUSIP: 24704EAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3048000 | PA      | $3060521.18    | 0.02%             | 2030-08-22      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| DEXT 2023-1                                                       | DEXT 23-1 A2 144A 5.99% 03-15-32                                                 | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2484039 | PA      | $2492777.70    | 0.02%             | 2032-03-15      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| DEFT 2025-1                                                       | DEFT 25-1 A2 144A 4.68% 07-22-27/01-22-27                                        | CUSIP: 24703UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5512155.00    | 0.04%             | 2027-07-22      | Fixed         | 4.68%                 | Yes           |                  2 | On Loan: No      |
| DEFT 2025-1                                                       | DEFT 25-1 A3 144A 4.61% 02-24-31/12-22-27                                        | CUSIP: 24703UAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5534441.00    | 0.04%             | 2031-02-24      | Fixed         | 4.61%                 | Yes           |                  2 | On Loan: No      |
| DRVPNK_25-1                                                       | DRVPNK 2025-1A A2 144A 4.72% 04-10-28/11-10-26                                   | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12215000 | PA      | $12222145.78   | 0.10%             | 2028-04-10      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| DRIVE 2025-1                                                      | DRIVE 25-1 A3 4.73% 09-15-32                                                     | CUSIP: 262102AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5896000 | PA      | $5906500.78    | 0.05%             | 2032-09-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1                                                      | DRIVE 25-1 C 4.99% 09-15-32                                                      | CUSIP: 262102AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    467000 | PA      | $468574.72     | 0.00%             | 2032-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1                                                      | DRIVE 25-1 A2 4.87% 08-15-28                                                     | CUSIP: 262102AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5707000 | PA      | $5708107.16    | 0.05%             | 2028-08-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1                                                      | DRIVE 25-1 B 4.79% 09-15-32                                                      | CUSIP: 262102AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3477000 | PA      | $3484955.38    | 0.03%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| DLLMT 2024-1A                                                     | DLLMT 24-1A A3 144A 4.84% 08-21-28                                               | CUSIP: 23347AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5038100.00    | 0.04%             | 2028-08-21      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_22-3                           | EFF 22-3 A2 144A 4.38% 07-20-29/03-20-26                                         | CUSIP: 29374FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    743007 | PA      | $742197.52     | 0.01%             | 2029-07-20      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_22-4                           | EFF 22-4 A2 5.76% 10-22-29/05-20-26                                              | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4255216 | PA      | $4271734.99    | 0.03%             | 2029-10-22      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_22-6                     | EART 22-6 C 6.32% 05-15-28/03-16-26                                              | CUSIP: 30168AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2149210 | PA      | $2160233.64    | 0.02%             | 2028-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-3                     | EART 23-3 B 6.11% 09-15-27/07-15-25                                              | CUSIP: 301989AD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    794152 | PA      | $795203.80     | 0.01%             | 2027-09-15      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_23-3                     | EART 23-3 C 6.21% 06-15-28/05-15-26                                              | CUSIP: 301989AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283000 | PA      | $285097.03     | 0.00%             | 2028-06-15      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_24-1                           | EFF 24-1 A2 144A 5.23% 03-20-30/05-20-27                                         | CUSIP: 29375PAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5809087 | PA      | $5844929.36    | 0.05%             | 2030-03-20      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_24-1                           | EFF 24-1 A3 144A 5.16% 09-20-30/28                                               | CUSIP: 29375PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3040000 | PA      | $3078653.60    | 0.02%             | 2030-09-20      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                   | EART 24-1 B 5.29% 08-15-28/06-15-26                                              | CUSIP: 30167PAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6168000 | PA      | $6182574.98    | 0.05%             | 2028-08-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                   | EART 24-1 A3 5.31% 08-16-27/08-15-25                                             | CUSIP: 30167PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1861394 | PA      | $1863059.56    | 0.01%             | 2027-08-16      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST EART_2024-1                   | EART 24-1 C 5.41% 05-15-30/04-15-27                                              | CUSIP: 30167PAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4255000 | PA      | $4278687.59    | 0.03%             | 2030-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| EFF 2024-2                                                        | EFF 24-2 A2 144A 5.74% 12-20-26/05-20-26                                         | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3487552 | PA      | $3503399.59    | 0.03%             | 2026-12-20      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| EART 2024-3A                                                      | EART 24-3 A3 5.65% 12-15-27                                                      | CUSIP: 30165AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3493000 | PA      | $3502560.34    | 0.03%             | 2027-12-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EART 2024-3A                                                      | EART 24-3 A2 5.82% 02-15-27                                                      | CUSIP: 30165AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    281055 | PA      | $281204.95     | 0.00%             | 2027-02-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC EFF_22-1                           | EFF 22-1 A3 144A 3.27% 01-20-28/06-22-26                                         | CUSIP: 29375JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197073 | PA      | $196313.66     | 0.00%             | 2028-01-20      | Fixed         | 3.27%                 | Yes           |                  2 | On Loan: No      |
| EFF 2024-3                                                        | EFF 24-3 A2 144A 5.31% 04-20-27                                                  | CUSIP: 29375QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7164228 | PA      | $7188651.10    | 0.06%             | 2027-04-20      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| EART 2024-4A                                                      | EART 24-4 B 5.29% 08-15-30                                                       | CUSIP: 30166UAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3259000 | PA      | $3277527.42    | 0.03%             | 2030-08-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| EART 2024-4A                                                      | EART 24-4 A2 5.6% 05-17-27                                                       | CUSIP: 30166UAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    138806 | PA      | $138922.10     | 0.00%             | 2027-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| EQS 2024-1C                                                       | EQS 24-1C A 144A 6.05% 01-20-31/01-22-30                                         | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4810909 | PA      | $4870487.40    | 0.04%             | 2031-01-20      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| EART 2024-5A                                                      | EART 24-5 A2 4.79% 04-15-27/09-15-25                                             | CUSIP: 30165BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8872949 | PA      | $8871857.52    | 0.07%             | 2027-04-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| EFF 2024-4                                                        | EFF 24-4 A2 144A 4.69% 07-20-27/01-20-27                                         | CUSIP: 29374MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18962000 | PA      | $18975045.86   | 0.15%             | 2027-07-20      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| EQUIPMENTSHARE EQS_24-2M                                          | EQS 24-2M A 144A 5.7 12-20-32/12-22-31                                           | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10661517 | PA      | $10764635.35   | 0.09%             | 2032-12-20      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| EVGRN 2025-CRT5                                                   | EVGRN 25-CRT5 B 144A 5.24% 05-15-29/05-17-27                                     | CUSIP: 30023JCX4<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | US        |   2542000 | PA      | $2560119.38    | 0.02%             | 2029-05-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| EART 2025-1A                                                      | EART 25-1 A2 4.7% 09-15-27/01-15-26                                              | CUSIP: 30167MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14376203 | PA      | $14377626.41   | 0.11%             | 2027-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| EART 2025-1A                                                      | EART 25-1 A3 4.67% 08-15-28/08-17-26                                             | CUSIP: 30167MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7051000 | PA      | $7052946.08    | 0.06%             | 2028-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5813 07-01-54                                                    | CUSIP: 3132DTN63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1384462 | PA      | $1409542.51    | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8757 08-01-54                                                    | CUSIP: 3140XQWT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1288332 | PA      | $1309737.68    | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EART 2025-2A                                                      | EART 25-2 A2 4.78% 06-15-27                                                      | CUSIP: 30168JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2302000 | PA      | $2301836.56    | 0.02%             | 2027-06-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST ESART_25-1             | ESART 25-1 A2 4.83% 10-16-28/11-16-26                                            | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7719000 | PA      | $7720999.22    | 0.06%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST ESART_25-1             | ESART 25-1 C 5.4% 08-15-31/05-15-29                                              | CUSIP: 30185AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009921.00    | 0.01%             | 2031-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TRUST ESART_25-1             | ESART 25-1 A3 4.69% 04-15-30/03-15-2028                                          | CUSIP: 30185AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2185000 | PA      | $2188406.42    | 0.02%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 BU4968 08-01-54                                                    | CUSIP: 3140M6QW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    431607 | PA      | $436240.56     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8866 09-01-54                                                    | CUSIP: 3140XQZ83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1300013 | PA      | $1321015.05    | 0.01%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                      | EART 25-3 A2 4.83% 01-18-28/05-15-26                                             | CUSIP: 30166XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2750082.50    | 0.02%             | 2028-01-18      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                      | EART 25-3 C 5.09% 10-15-31/08-15-28                                              | CUSIP: 30166XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1332000 | PA      | $1338939.72    | 0.01%             | 2031-10-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8758 08-01-54                                                    | CUSIP: 3140XQWU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    699460 | PA      | $708239.23     | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 BU4946 09-01-54                                                    | CUSIP: 3140M6P80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1040398 | PA      | $1030863.83    | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                      | EART 25-3 B 4.86% 02-15-30/12-15-27                                              | CUSIP: 30166XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2027000 | PA      | $2034179.63    | 0.02%             | 2030-02-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| EART 2025-3A                                                      | EART 25-3 A3 4.78% 07-16-29/05-17-27                                             | CUSIP: 30166XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3821000 | PA      | $3828072.67    | 0.03%             | 2029-07-16      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| IMPERIAL FUND MORTGAGE TRUST IMPRL_23-NQM1                        | IMPRL 23-NQM1 A1 144A 5.941% 02-25-68/01-01-27                                   | CUSIP: 45290BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15376039 | PA      | $15372733.15   | 0.12%             | 2068-02-25      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| INTOWN MORTGAGE TRUST TOWN_25-STAY                                | TOWN 2025-STAY A 144A FRN 03-15-42/27                                            | CUSIP: 46117WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9982000 | PA      | $9941093.76    | 0.08%             | 2042-03-15      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| EDVESTINU PRIVATE EDUCATION LOAN TRUST EDVES_21-A                 | EDVES 21-A A 144A 1.8% 11-25-45                                                  | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    533872 | PA      | $492642.99     | 0.00%             | 2045-11-25      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL LTD FCBSL_23-1                                | FCBSL 2023-1A AT CLO 144A FRN 04-23-36                                           | CUSIP: 34965DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1500000.00    | 0.01%             | 2036-04-23      | Variable      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST FORDR_23-1                           | FORDR 23-1 A 144A 4.85% 08-15-35/02-15-28                                        | CUSIP: 34535QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4029000 | PA      | $4075829.07    | 0.03%             | 2035-08-15      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| FNMNT 2023-1                                                      | FNMNT 23-1 A 5.13% 04-16-29/04-15-26                                             | CUSIP: 32113CBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4144000 | PA      | $4164724.14    | 0.03%             | 2029-04-16      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST FORDR_23-2                           | FORDR 23-2 A 144A 5.28% 02-15-36/8-15-28                                         | CUSIP: 34535CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2981000 | PA      | $3054201.44    | 0.02%             | 2036-02-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST FCAT_23-3                              | FCAT 23-3 B 144A 5.64% 07-16-29/09-15-26                                         | CUSIP: 33846BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2126000 | PA      | $2143358.79    | 0.02%             | 2029-07-16      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST JPMBB_14-C26           | JPMBB 14-C26 B 3.9508% 01-15-48                                                  | CUSIP: 46643TBF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2333333 | PA      | $2230853.01    | 0.02%             | 2048-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT 18-5A                    | NRZT 18-5A A1 144A FRN 12-25-57                                                  | CUSIP: 64829XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    691639 | PA      | $685815.12     | 0.01%             | 2057-12-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST FCAT_23-3                              | FCAT 23-3 A2 144A 5.89% 07-15-27/25                                              | CUSIP: 33846BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    621225 | PA      | $621938.79     | 0.00%             | 2027-07-15      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST FCAT_23-3                              | FCAT 23-3 A3 144A 5.44% 04-17-28/03-16-26                                        | CUSIP: 33846BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2114000 | PA      | $2119397.04    | 0.02%             | 2028-04-17      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| FIRST NATIONAL MASTER NOTE TRUST FNMNT_23-2                       | FNMNT 23-2 A 5.77% 09-12-26/09-17-29                                             | CUSIP: 32113CBY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5347000 | PA      | $5437797.41    | 0.04%             | 2029-09-17      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST FORDL_24-A                           | FORDL 24-A A4 5.05% 06-15-27/26                                                  | CUSIP: 345290AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2413000 | PA      | $2427103.99    | 0.02%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NRZT 2018-3A                                                      | NRZT 18-3A A1 144A FRN 05-27-58                                                  | CUSIP: 64830KAA5<br>LEI: 549300U48YU2VDL8N523 | Long             | ABS-CBDO         | CORP              | US        |    617217 | PA      | $601225.37     | 0.00%             | 2058-05-27      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_15-2A                    | NRZT 15-2A A1 144A FRN 08-25-55                                                  | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    413378 | PA      | $399350.04     | 0.00%             | 2055-08-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST FORDL_24-A                           | FORDL 24-A A3 5.06% 05-15-27/26                                                  | CUSIP: 345290AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9463000 | PA      | $9482011.17    | 0.08%             | 2027-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| FIRST NATIONAL MASTER NOTE TRUST FNMNT_24-1                       | FNMNT 24-1 A 5.34% 05-15-30/05-17-27                                             | CUSIP: 32113CCB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4219000 | PA      | $4296490.37    | 0.03%             | 2030-05-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_16-2A                    | NRZT 16-2 A1 144A FRN 11-26-35                                                   | CUSIP: 64829GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200421 | PA      | $193140.61     | 0.00%             | 2035-11-26      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NYMT 2024-CP1                                                     | NYMT 24-CP1 A1 144A FRN 02-25-68/08-25-37                                        | CUSIP: 67118PAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2728291 | PA      | $2506713.18    | 0.02%             | 2068-02-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL LIMITED FCBSL_22-2A                           | FCBSL 22-2 AR CLO 144A FRN (TSFR3M+140) 10-18-33                                 | CUSIP: 34964WAN2<br>LEI: 254900VHYDP7XYPMH337 | Long             | ABS-O            | CORP              | KY        |   3938000 | PA      | $3945572.77    | 0.03%             | 2033-10-18      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| FORDO 2024-C                                                      | FORDO 24-C A3 4.07% 07-15-29/03-15-28                                            | CUSIP: 34532UAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5972856.00    | 0.05%             | 2029-07-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT FLOORPLAN MASTER OWNER TRUST FORDF_24-3               | FORDF 24-3 A1 144A 4.3% 09-15-29/27                                              | CUSIP: 34528QJK1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22300000 | PA      | $22274377.30   | 0.18%             | 2029-09-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2019-2A                                                     | FCBSL 19-2 A1AR CLO 144A FRN (TSFR3M+105) 10-20-32                               | CUSIP: 34962DAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5608290 | PA      | $5605143.70    | 0.04%             | 2032-10-20      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK MORTGAGE TRUST NYMT_22-SP1                               | NYMT 22-SP1 A1 144A 5.25% 07-25-62/25                                            | CUSIP: 62956BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11823413 | PA      | $11803431.52   | 0.09%             | 2062-07-25      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| NY 2025-299P                                                      | NY 25-299P A 144A FRN 02-10-47/02-12-35                                          | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2059000 | PA      | $2105718.71    | 0.02%             | 2047-02-10      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| FCBSL 2019-2A                                                     | FCBSL 19-2 CR CLO 144A FRN (TSFR3M+200) 10-20-32                                 | CUSIP: 34962DAU0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1755496.75    | 0.01%             | 2032-10-20      | Variable      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| FIRST NATIONAL MASTER NOTE TRUST FNMNT_25-1                       | FNMNT 25-1 A 4.85% 02-15-30/28                                                   | CUSIP: 32113CCE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13020000 | PA      | $13201342.56   | 0.11%             | 2030-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NRZT 2025-NQM2                                                    | NRZT 25-NQM2 A1 144A 5.566% 05-25-65                                             | CUSIP: 64831XAC2<br>LEI: 2138006ZAYPD4ZHQYX81 | Long             | ABS-CBDO         | CORP              | US        |   4300308 | PA      | $4318755.97    | 0.03%             | 2065-05-25      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| ONE MARKET PLAZA TRUST OMPT_17-1MKT                               | OMPT 17-1MKT A 3.6139% 02-10-32/02-12-24                                         | CUSIP: 68245HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7505037 | PA      | $7104771.21    | 0.06%             | 2032-02-10      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| FORTRESS CREDIT BSL LTD FCBSL_23-1                                | FCBSL 23-1 A1R CLO 144A FRN (TSFR3M+157) 04-23-36                                | CUSIP: 34965DAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2400000.00    | 0.02%             | 2036-04-23      | Variable      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| FORDF 2025-1                                                      | FORDF 25-1 A1 4.63% 04-15-30/04-17-28                                            | CUSIP: 34529BAA4<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  10814000 | PA      | $10875661.43   | 0.09%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ONE MARKET PLAZA TRUST OMPT_17-1MKT                               | OMPT 17-1MKT C 144A 4.0163% 02-10-32/02-12-24                                    | CUSIP: 68245HAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7365000 | PA      | $6649129.37    | 0.05%             | 2032-02-10      | Fixed         | 4.02%                 | Yes           |                  2 | On Loan: No      |
| OBX TRUST OBX_22-NQM9                                             | OBX 2022-NQM9 A1A 144A 6.45% 09-25-62/11-01-26                                   | CUSIP: 67118LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4814150 | PA      | $4819604.19    | 0.04%             | 2062-09-25      | Variable      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST FORDR_20-2                           | FORDR 20-2 A 144A 1.31% 04-15-33/10-15-25                                        | CUSIP: 34532JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  53716000 | PA      | $53009795.75   | 0.42%             | 2033-04-15      | Fixed         | 1.06%                 | Yes           |                  2 | On Loan: No      |
| GCI FUNDING I LLC GCI_21-1                                        | GCI 21-1 A 144A 2.38% 06-18-46/09-18-31                                          | CUSIP: 36166VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4742486 | PA      | $4335722.73    | 0.03%             | 2046-06-18      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| GALAXY CLO LTD GALXY_13-15A                                       | GALXY 2013-15A ARR CLO 144A FRN 10-15-30                                         | CUSIP: 36318WAK6<br>LEI: 549300MJK1HWQWCLYA68 | Long             | ABS-O            | CORP              | KY        |     40172 | PA      | $40174.80      | 0.00%             | 2030-10-15      | Variable      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL REVOLVING RECEIVABLES TRUST GMREV_22-1               | GMREV 22-1 A 5.91% 10-11-35/11-12-27                                             | CUSIP: 36265UAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2325000 | PA      | $2402971.20    | 0.02%             | 2035-10-11      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_2023-NQM4                            | OBX 23-NQM4 A1 144A 6.113% 03-25-63/05-25-27                                     | CUSIP: 67448GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5827972 | PA      | $5843544.52    | 0.05%             | 2063-03-25      | Variable      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_24-NMQ1                              | OBX 24-NQM1 A1 144A 5.928% 11-25-63/12-01-27                                     | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-CBDO         | CORP              | US        |   1023347 | PA      | $1028058.47    | 0.01%             | 2063-11-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| GT LOAN FINANCING LTD GTLNF_13-1A                                 | GTLNF 13-1 AR 144A CLO FRN (TSFR3M+136.16) 07-28-31                              | CUSIP: 36248MAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    778344 | PA      | $778509.33     | 0.01%             | 2031-07-28      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TRUST GFORT_23-1                    | GFORT 23-1 A1 144A 5.34% 06-15-28/26                                             | CUSIP: 361886CR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16100000 | PA      | $16232519.10   | 0.13%             | 2028-06-15      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| OLIT 2024-HB1                                                     | OLIT 24-HB1 A 144A 3.0% 02-25-37                                                 | CUSIP: 675952AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5902475 | PA      | $5749081.14    | 0.05%             | 2037-02-25      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM4                                                     | OBX 2024-NQM4 A1 144A 6.067% 01-25-64/02-25-28                                   | CUSIP: 67118TAA2<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-CBDO         | CORP              | US        |   7356440 | PA      | $7396892.60    | 0.06%             | 2064-01-25      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST GMALT_23-3                  | GMALT 23-3 A4 5.44% 08-20-27/02-20-26                                            | CUSIP: 379929AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1372000 | PA      | $1378279.64    | 0.01%             | 2027-08-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST GCAR_23-4                       | GCAR 23-4 A3 144A 6.42% 06-15-27/08-15-25                                        | CUSIP: 362929AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9458272 | PA      | $9470832.18    | 0.08%             | 2027-06-15      | Fixed         | 6.42%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL REVOLVING RECEIVABLES TRUST GMREV_23-2               | GMREV 23-2 A 144A 5.77% 08-11-36/11-13-28                                        | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6653000 | PA      | $6926458.26    | 0.06%             | 2036-08-11      | Fixed         | 5.77%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR_24-1     | GMCAR 24-1 A4 4.86% 06-18-29                                                     | CUSIP: 36268GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2495000 | PA      | $2524306.27    | 0.02%             | 2029-06-18      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR_24-1     | GMCAR 24-1 A3 4.85% 12-18-28                                                     | CUSIP: 36268GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4964000 | PA      | $4989033.45    | 0.04%             | 2028-12-18      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST GSAR_24-1                       | GSAR 24-1 A2 144A 5.24% 03-15-30                                                 | CUSIP: 37988XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8524088 | PA      | $8564705.68    | 0.07%             | 2030-03-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-1A                                                      | GCAR 24-1 A3 144A 5.4% 09-15-27                                                  | CUSIP: 36269HAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2906386 | PA      | $2909254.54    | 0.02%             | 2027-09-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-1A                                                      | GCAR 24-1 C 144A 5.64% 12-17-29                                                  | CUSIP: 36269HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5212000 | PA      | $5267737.13    | 0.04%             | 2029-12-17      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GOST 2024-1A                                                      | GOST 24-1 A2 CLO 144A FRN (TSFR3M+155) 04-20-33                                  | CUSIP: 381929AC2<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-O            | CORP              | US        |    935000 | PA      | $935402.05     | 0.01%             | 2033-04-20      | Variable      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-2A                                                      | GCAR_24-2 A3 144A 5.64% 01-15-28/02-17-26                                        | CUSIP: 37964VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3563000 | PA      | $3577501.41    | 0.03%             | 2028-01-18      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-2A                                                      | GCAR 24-2 A2 144A 5.77% 06-15-27/09-15-25                                        | CUSIP: 37964VAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    512416 | PA      | $513320.73     | 0.00%             | 2027-06-15      | Fixed         | 5.77%                 | Yes           |                  2 | On Loan: No      |
| GMALT 2024-2                                                      | GMALT 24-2 A3 5.39% 07-20-27                                                     | CUSIP: 36269WAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6238000 | PA      | $6291802.75    | 0.05%             | 2027-07-20      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB2                                                     | OBX 24-HYB2 A1 144A FRN 04-25-53                                                 | CUSIP: 67118RAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13209074 | PA      | $13113929.21   | 0.10%             | 2053-04-25      | Variable      | 3.68%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM5                                                     | OBX 24-NQM5 A1 144A 5.988% 03-25-28/03-27-28                                     | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-CBDO         | CORP              | US        |   8777879 | PA      | $8820890.41    | 0.07%             | 2028-03-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-3A                                                      | GSAR 24-3 B 144A 5.64% 08-15-30                                                  | CUSIP: 37989EAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2150000 | PA      | $2206084.90    | 0.02%             | 2030-08-15      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GSAR 2024-3A                                                      | GSAR 24-3 C 144A 5.92% 08-15-30                                                  | CUSIP: 37989EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2565722.50    | 0.02%             | 2030-08-15      | Fixed         | 5.92%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM6                                                     | OBX 2024-NQM6 A1 144A 6.447% 02-25-64                                            | CUSIP: 67118XAA3<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-CBDO         | CORP              | US        |   2177369 | PA      | $2201112.98    | 0.02%             | 2064-02-25      | Variable      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX_24-NQM7                              | OBX 24-NQM7 A1 144A 6.243% 03-25-64                                              | CUSIP: 67119FAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10440746 | PA      | $10528468.77   | 0.08%             | 2064-03-25      | Variable      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| GREATAMERICA LEASING RECEIVABLES FUNDING LLC GALC_22-1            | GALC 22-1 A4 144A 5.35% 07-16-29/10-15-26                                        | CUSIP: 39154TBX5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9799000 | PA      | $9878450.29    | 0.08%             | 2029-07-16      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| GALC 2024-2                                                       | GALC 24-2 A2 144A 5.28% 03-15-27/09-15-26                                        | CUSIP: 39154GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2800231 | PA      | $2811051.43    | 0.02%             | 2027-03-15      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-3A                                                      | GCAR 24-3 A3 144A 5.02% 04-17-28                                                 | CUSIP: 37989AAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    927000 | PA      | $929095.95     | 0.01%             | 2028-04-17      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| GCAR 2024-3A                                                      | GCAR 24-3 B 144A 5.08% 01-16-29                                                  | CUSIP: 37989AAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    724000 | PA      | $726349.38     | 0.01%             | 2029-01-16      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM8                                                     | OBX 24-NQM8 A1 144A 6.233% 05-25-64/05-01-28                                     | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-CBDO         | CORP              | US        |  26179185 | PA      | $26409666.05   | 0.21%             | 2064-05-25      | Variable      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2023-4                                                      | VERUS 23-4 A1 144A 5.811% 05-25-68/05-01-27                                      | CUSIP: 92539TAA1<br>LEI: 2138008DC17PCNG48R87 | Long             | ABS-CBDO         | CORP              | US        |   5772676 | PA      | $5774240.25    | 0.05%             | 2068-05-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| GMREV 2024-2                                                      | GMREV 24-2 A 144A 4.52% 03-11-37/09-11-29                                        | CUSIP: 379925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6722000 | PA      | $6716676.18    | 0.05%             | 2037-03-11      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO LTD GOCAP_16-31A                       | GOCAP 16-31 A2RR CLO 144A FRN (TSFR3M+175) 11-05-37                              | CUSIP: 38180JAC4<br>LEI: 254900IYMACYUBOF5J66 | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $992053.00     | 0.01%             | 2037-11-05      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-1                        | HERTZ 23-1 A 144A 5.49% 06-25-27/26                                              | CUSIP: 42806MBS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19049000 | PA      | $19151978.89   | 0.15%             | 2027-06-25      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES OWNER TRUST HAROT_23-1                     | HAROT 23-1 A3 5.04% 04-21-27/26                                                  | CUSIP: 43815JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3437971 | PA      | $3445018.75    | 0.03%             | 2027-04-21      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| VERUS 2023-2                                                      | VERUS 23-2 A1 144A 6.193% 03-25-68/03-25-27                                      | CUSIP: 92539DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1192866 | PA      | $1195206.84    | 0.01%             | 2068-03-25      | Variable      | 6.19%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2023-7                                                      | VERUS 23-7 144A 7.07% 10-25-68                                                   | CUSIP: 92539YAA0<br>LEI: 213800W65K5FH3AI2J91 | Long             | ABS-CBDO         | CORP              | US        |   2076715 | PA      | $2111204.69    | 0.02%             | 2068-10-25      | Variable      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| HAROT 2023-3                                                      | HAROT 23-3 A3 5.41% 02-18-28/11-18-26                                            | CUSIP: 43815QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3381480 | PA      | $3402935.38    | 0.03%             | 2028-02-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| PILOT 2024-2A                                                     | PILOT 24-2 A2A 144A 4.47% 12-21-26                                               | CUSIP: 73328NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14358686 | PA      | $14353990.22   | 0.11%             | 2026-12-21      | Fixed         | 4.47%                 | Yes           |                  2 | On Loan: No      |
| PILOT 2024-2A                                                     | PILOT 24-2 A4 144A 4.26% 09-20-30                                                | CUSIP: 73328NAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2634000 | PA      | $2626300.82    | 0.02%             | 2030-09-20      | Fixed         | 4.26%                 | Yes           |                  2 | On Loan: No      |
| PSTAT 2024-2A                                                     | PSTAT 24-2 A1N CLO 144A FRN (TSFR3M+100) 01-15-33                                | CUSIP: 69703RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2947608 | PA      | $2942564.84    | 0.02%             | 2033-01-15      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRZ5C C @ 98 12-12-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |      4650 | NC      | $261562.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRZ5P P @ 95.6875 12-12-25                                   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |      1969 | NC      | $147675.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PREF 2025-1A                                                      | PREF 25-1 A2 144A 4.9% 05-15-31/01-18-28                                         | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3399000 | PA      | $3412385.26    | 0.03%             | 2031-05-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2025-1A                                                      | PEAC 25-1 A2 144A 4.94% 10-20-28                                                 | CUSIP: 69392HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6854000 | PA      | $6868270.03    | 0.05%             | 2028-10-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 20YR FUT OPT 1CM5P P @ 112.5 06-06-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |       123 | NC      | $76875.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT SFRM5 09-16-25                                                    | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      3123 | NC      | $69896.31      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PEAC 2025-1A                                                      | PEAC 25-1 A1 144A 4.592% 02-20-26                                                | CUSIP: 69392HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5432025 | PA      | $5431438.05    | 0.04%             | 2026-02-20      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| PEAC 2025-1A                                                      | PEAC 25-1 A3 144A 5.04% 07-20-32                                                 | CUSIP: 69392HAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2017700.00    | 0.02%             | 2032-07-20      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 5YR FUT FVU5 09-30-25                                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      2721 | NC      | $-636162.03    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 10YR FUT TYU5 09-19-25                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      1163 | NC      | $804616.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RESEARCH-DRIVEN PAGAYA MOTOR ASSET TRUST I RPM_22-3               | RPM 22-3 A 144A 5.38% 11-25-30                                                   | CUSIP: 76088TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1489110 | PA      | $1489578.83    | 0.01%             | 2030-11-25      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO LTD ROCKT_18-1A                                | ROCKT 18-1 A 144A FRN (TSFR3M+136.16) 05-20-31                                   | CUSIP: 77342JAA1<br>LEI: 549300KPFGDIQ0PMP224 | Long             | ABS-O            | CORP              | US        |    192084 | PA      | $192250.92     | 0.00%             | 2031-05-20      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO LTD ROCKT_17-3A                                | ROCKT 17-3 A CLO 144A FRN (TSFR3M+145.16) 10-20-30                               | CUSIP: 77341DAA5<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-O            | CORP              | KY        |    368288 | PA      | $368517.68     | 0.00%             | 2030-10-20      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| REG23_21-4A                                                       | REG23 21-4 A1 CLO 144A FRN (TSFR3M+141.16) 01-20-35                              | CUSIP: 75889FAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    550000 | PA      | $551267.75     | 0.00%             | 2035-01-20      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 2YR FUT TUU5 09-30-25                                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |     28270 | NC      | $6459290.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 30YR FUT ULTRA WNU5 09-19-25                                                 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       488 | NC      | $-640766.82    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| RAD CLO LTD RAD_19-4A                                             | RAD 19-4 CR CLO 144A FRN (TSFR3M+220) 04-25-32                                   | CUSIP: 749984AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1050000 | PA      | $1054545.45    | 0.01%             | 2032-04-25      | Variable      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| REG14_18-3A                                                       | REG14 18-3A BR CLO 144A FRN (TSFR3M+150) 10-25-31                                | CUSIP: 75888MAP5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4428000 | PA      | $4427769.74    | 0.04%             | 2031-10-25      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 10YR FUT ULTRA UXYU5 09-19-25                                                | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      6274 | NC      | $-7057359.61   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | UST 20YR FUT USU5 09-19-25                                                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |       238 | NC      | $-239364.62    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| REG14_18-3A                                                       | REG14 18-3A AR CLO 144A FRN (TSFR3M+110) 10-25-31                                | CUSIP: 75888MAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8333889 | PA      | $8336064.42    | 0.07%             | 2031-10-25      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| REACH 2024-2A                                                     | REACH 24-2 A 144A 5.88% 07-15-31/06-15-26                                        | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4572967 | PA      | $4584468.27    | 0.04%             | 2031-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| RACE POINT CLO LTD RACEP_15-9A                                    | RACEP 15-9A A1A2 CLO 144A FRN (TSFR3M+120.16) 10-15-30                           | CUSIP: 74982WAA4<br>LEI: 549300C3570PBQ31OI09 | Long             | ABS-O            | CORP              | KY        |   3484878 | PA      | $3484735.08    | 0.03%             | 2030-10-15      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                   | SBA TOWER TRUST 144A LIFE 1.631% 11-15-26                                        | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6741000 | PA      | $6410010.16    | 0.05%             | 2026-11-15      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SC FINANCE SRL SEACO_21-2                                  | SEACO 21-2A A 144A 1.95% 08-17-41                                                | CUSIP: 37959PAG2<br>LEI: 549300JZYOMTAKV6RT73 | Long             | ABS-O            | CORP              | US        |   5632486 | PA      | $5221658.08    | 0.04%             | 2041-08-17      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| SUTTONPARK STRUCTURED SETTLEMENTS SPSS_2021-1                     | SPSS 21-1 A 144A 1.95% 09-15-75                                                  | CUSIP: 78472VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7195470 | PA      | $6929928.86    | 0.06%             | 2075-09-15      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| STONEPEAK 2021-1 ABS SALTT_21-1A                                  | SALTT 21-1A AA 144A 2.301% 02-28-33/12-15-27                                     | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1515543 | PA      | $1449134.52    | 0.01%             | 2033-02-28      | Fixed         | 2.30%                 | Yes           |                  2 | On Loan: No      |
| SPRITE LIMITED SPRTE_21-1                                         | SPRTE 21-1 A 144A 3.75% 11-15-46/10-16-28                                        | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5029279 | PA      | $4827805.80    | 0.04%             | 2046-11-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-4                 | SDART 22-4 B 4.42% 11-15-27/09-15-25                                             | CUSIP: 80286FAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1812818 | PA      | $1812168.69    | 0.01%             | 2027-11-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_22-1                                 | SORT 22-1 A1 144A 5.97% 08-15-62/02-16-27                                        | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10784589 | PA      | $10796872.54   | 0.09%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC SORT_22-1                                 | SORT 22-1 A2 144A 6.11% 08-15-62/28                                              | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4262243 | PA      | $4271304.60    | 0.03%             | 2062-08-15      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-5                 | SDART 22-5 C 4.74% 10-16-28/02-17-26                                             | CUSIP: 80287HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8698181 | PA      | $8694823.81    | 0.07%             | 2028-10-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| SDART 2022-6                                                      | SDART 22-6 B 4.72% 06-15-27/07-15-25                                             | CUSIP: 802918AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    269375 | PA      | $269374.23     | 0.00%             | 2027-06-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| SDART 2022-6                                                      | SDART 22-6 C 4.96% 11-15-28/04-15-26                                             | CUSIP: 802918AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4994000 | PA      | $4996177.38    | 0.04%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| SOUND POINT CLO LTD SNDPT_13-3RA                                  | SNDPT 13-3R A CLO 144A FRN (TSFR3M+141.16) 04-18-31                              | CUSIP: 83609YAC0<br>LEI: 549300HOEGQTNS4MTZ12 | Long             | ABS-O            | CORP              | KY        |    166334 | PA      | $166530.91     | 0.00%             | 2031-04-18      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| SOUND POINT CLO LTD SNDPT_14-1RA                                  | SNDPT 14-1R A CLO 144A FRN (TSFR3M+141.16) 07-18-31                              | CUSIP: 83607EAA0<br>LEI: 549300UPX3H8ENJXHI23 | Long             | ABS-O            | CORP              | KY        |   3576651 | PA      | $3580528.14    | 0.03%             | 2031-07-18      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| SOUND POINT CLO LTD SNDPT_13-3RA                                  | SNDPT 13-3R C CLO 144A FRN (TSFR3M+251.16) 04-18-31                              | CUSIP: 83609YAG1<br>LEI: 549300HOEGQTNS4MTZ12 | Long             | ABS-O            | CORP              | KY        |   1200000 | PA      | $1205929.20    | 0.01%             | 2031-04-18      | Variable      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-7                 | SDART 22-7 C 6.69% 03-17-31/11-16-26                                             | CUSIP: 80287FAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    961000 | PA      | $983111.65     | 0.01%             | 2031-03-17      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_22-7                 | SDART 22-7 B 5.95% 01-17-28/01-15-26                                             | CUSIP: 80287FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1198672 | PA      | $1202622.69    | 0.01%             | 2028-01-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SDART 2023-1                                                      | SDART 23-1 B 4.98% 02-15-28/11-17-25                                             | CUSIP: 80287GAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2663414 | PA      | $2664071.37    | 0.02%             | 2028-02-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| SDART 2023-1                                                      | SDART 23-1 C 5.09% 05-15-30/01-15-27                                             | CUSIP: 80287GAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8843000 | PA      | $8887215.00    | 0.07%             | 2030-05-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_23-3                 | SDART 23-3 B 5.61% 07-17-28/07-15-26                                             | CUSIP: 80285XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1152000 | PA      | $1158969.60    | 0.01%             | 2028-07-17      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_23-3                 | SDART 23-3 C 5.77% 11-15-30/08-16-27                                             | CUSIP: 80285XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    902000 | PA      | $915268.42     | 0.01%             | 2030-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD STCP_23-4                                   | STCP 23-4 C CLO 144A FRN (TSFR3M+370) 10-20-36                                   | CUSIP: 870923AG4<br>LEI: 5493000NGQSA68NFD567 | Long             | ABS-O            | CORP              | KY        |   1500000 | PA      | $1506718.50    | 0.01%             | 2036-10-20      | Variable      | 7.97%                 | Yes           |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_23-A1                         | SYNIT 23-A A 5.54% 07-15-29/26                                                   | CUSIP: 87166PAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5633000 | PA      | $5700410.11    | 0.05%             | 2029-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST SMB_23-C                         | SMB 23-C A1B 144A (SOFR30A+155) FRN 11-15-52/10-17-33                            | CUSIP: 83207DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    952899 | PA      | $963197.62     | 0.01%             | 2052-11-15      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_23-5                 | SDART 23-5 A3 6.02% 09-15-28/05-15-26                                            | CUSIP: 80286PAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2472820 | PA      | $2483663.14    | 0.02%             | 2028-09-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY CARD ISSUANCE TRUST SYNIT_23-A2                         | SYNIT 23-A2 A 5.74% 10-15-29/26                                                  | CUSIP: 87166PAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3984000 | PA      | $4054548.67    | 0.03%             | 2029-10-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST SDART_23-6                 | SDART 23-6 A3 5.93% 07-17-28/07-15-26                                            | CUSIP: 80287DAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2810000 | PA      | $2824628.86    | 0.02%             | 2028-07-17      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TRUST SFAST_24-1              | SFAST 24-1 A2 144A 5.35% 06-21-27                                                | CUSIP: 78435VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    137767 | PA      | $137870.59     | 0.00%             | 2027-06-21      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| SDART 2024-1                                                      | SDART 24-1 A3 5.25% 04-17-28/04-15-26                                            | CUSIP: 80288AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5086846 | PA      | $5094521.72    | 0.04%             | 2028-04-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SDART 2024-1                                                      | SDART 24-1 B 5.23% 12-15-28/26                                                   | CUSIP: 80288AAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3718000 | PA      | $3734173.30    | 0.03%             | 2028-12-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST SBALT_24-A                                  | SBALT 24-A A3 144A 5.39% 11-20-26/03-20-26                                       | CUSIP: 78414SAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8669912 | PA      | $8688265.72    | 0.07%             | 2026-11-20      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS_17-C01               | CAS 2017-C01 1B1 FRN (SOFR30A+586.45) 07-25-29                                   | CUSIP: 30711XEQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    850000 | PA      | $907307.00     | 0.01%             | 2029-07-25      | Variable      | 10.19%                | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-SMRT                 | CGCMT 23-SMRT A 144A FRN 10-12-40                                                | CUSIP: 17291NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6311000 | PA      | $6478310.92    | 0.05%             | 2040-10-12      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_23-PRM3                 | CGCMT 2023-PRM3 A 144A FRN 07-10-28                                              | CUSIP: 17331LAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17000000 | PA      | $17711025.00   | 0.14%             | 2028-07-10      | Variable      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| CAS 2023-R05                                                      | CAS 23-R05 1M1 144A FRN (SOFR30A+190) 06-25-43                                   | CUSIP: 207942AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1682930 | PA      | $1701840.91    | 0.01%             | 2043-06-25      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE - CAS_24-R01                                           | CAS 24-R01 1M1 144A FRN (SOFR30A+105) 01-25-44                                   | CUSIP: 20753UAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2383872 | PA      | $2385657.82    | 0.02%             | 2044-01-25      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE CONNECTICUT AVENUE SECURITIES CAS_18-C01               | CAS 18-C01 1M2C FRN (SOFR30A+236.448) 07-25-30                                   | CUSIP: 30711XYV0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3862987 | PA      | $3907848.27    | 0.03%             | 2030-07-25      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| CAS 2024-R02                                                      | CAS 24-R02 1M1 144A FRN (SOFR30A+110) 02-25-44                                   | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    626835 | PA      | $626705.10     | 0.00%             | 2044-02-25      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| CAS 2024-R04                                                      | CAS 24-R04 1A1 144A FRN (SOFR30+100) 05-25-44                                    | CUSIP: 20753GAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3964604 | PA      | $3961194.27    | 0.03%             | 2044-05-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB13                                                    | CFMT 24-HB13 A 144A FRN 05-25-34                                                 | CUSIP: 12530VAA3<br>LEI: 984500D67D63D8645054 | Long             | ABS-CBDO         | CORP              | US        |   2568623 | PA      | $2521403.52    | 0.02%             | 2034-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| FANNIE MAE FNMA_18-C03                                            | CAS 18-C03 1B1 FRN (SOFR30A+386.45) 10-25-30                                     | CUSIP: 30711XJ62<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4323916.00    | 0.03%             | 2030-10-25      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES CAS_15-C03                          | CAS 15-C03 1M2 144A FRN (SOFR30A+511.448) 07-25-25                               | CUSIP: 30711XBB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6671317 | PA      | $6700264.34    | 0.05%             | 2025-07-25      | Variable      | 9.44%                 | No            |                  2 | On Loan: No      |
| CONE 2024-DFW1                                                    | CONE 2024-DFW1 A 144A FRN 08-15-41                                               | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10569000 | PA      | $10547777.45   | 0.08%             | 2041-08-15      | Variable      | 6.94%                 | Yes           |                  2 | On Loan: No      |
| CALI 2024-SUN                                                     | CALI 2024-SUN A 144A FRN 07-15-41/07-09-26                                       | CUSIP: 12988DAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3180000 | PA      | $3185495.04    | 0.03%             | 2041-07-15      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| CALI 2024-SUN                                                     | CALI 2024-SUN B 144A FRN 07-15-41/26                                             | CUSIP: 12988DAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    421000 | PA      | $420850.55     | 0.00%             | 2041-07-15      | Variable      | 6.67%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-HB15                                                    | CFMT 24-HB15 A 144A FRN 08-25-34/27                                              | CUSIP: 15723AAA9<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-CBDO         | CORP              | US        |  12997382 | PA      | $12869214.70   | 0.10%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CAS 2024-R06                                                      | CAS 24-R06 1A1 144A FRN (SOFR30A+115) 09-25-44                                   | CUSIP: 20755RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5520673 | PA      | $5533569.54    | 0.04%             | 2044-09-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-R1                                                      | CFMT 24-R1 A1 144A 4.0% 10-25-54/28                                              | CUSIP: 12530YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7090235 | PA      | $6938022.21    | 0.06%             | 2054-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-RM5                                                     | CFMT 24-RM5 A 144A FRN 10-25-54                                                  | CUSIP: 147275AA9<br>LEI: 984500AB3AED98FEEV98 | Long             | ABS-CBDO         | CORP              | US        |  38956485 | PA      | $38055421.48   | 0.30%             | 2054-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_23-3                                | COLT_23-3 7.18% 09-25-68                                                         | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-CBDO         | CORP              | US        |   4365320 | PA      | $4427639.05    | 0.04%             | 2068-09-25      | Variable      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_23-4                                | COLT 23-4 A1 144A 7.163% 10-25-68/10-01-27                                       | CUSIP: 12598WAA0<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-CBDO         | CORP              | US        |   1378494 | PA      | $1399589.05    | 0.01%             | 2068-10-25      | Variable      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF MA5653 12-20-48                                                             | CUSIP: 36179UH62<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1356924 | PA      | $1335875.63    | 0.01%             | 2048-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF MA5878 04-20-49                                                             | CUSIP: 36179UQ70<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    951445 | PA      | $937269.93     | 0.01%             | 2049-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF MA5332 07-20-48                                                             | CUSIP: 36179T4R3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     31956 | PA      | $31519.46      | 0.00%             | 2048-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA6042 07-20-49                                                         | CUSIP: 36179UWB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     27308 | PA      | $26926.81      | 0.00%             | 2049-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_20-GSA2                         | GSMS 20-GSA2 A5 2.012% 12-12-53/30                                               | CUSIP: 36264KAV2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2975000 | PA      | $2549539.30    | 0.02%             | 2053-12-12      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST GCAT_21-NQM6                                           | GCAT 21-NQM6 A1 144A FRN 08-25-66                                                | CUSIP: 36167KAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13703600 | PA      | $12364580.17   | 0.10%             | 2066-08-25      | Variable      | 1.85%                 | Yes           |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNMA_18-98               | GNR 18-98 A 3.0% 10-16-50                                                        | CUSIP: 38380MBX8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1687885 | PA      | $1626842.42    | 0.01%             | 2050-10-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.72 710074 04-20-61                                                        | CUSIP: 36297E2F1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1475 | PA      | $1468.22       | 0.00%             | 2061-04-20      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.903 725876 09-20-61                                                       | CUSIP: 3620ACMZ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       408 | PA      | $407.96        | 0.00%             | 2061-09-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.893 725879 10-20-61                                                       | CUSIP: 3620ACM43<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1482 | PA      | $1478.15       | 0.00%             | 2061-10-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.7 710077 05-20-61                                                         | CUSIP: 36297E2J3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3152 | PA      | $3142.15       | 0.00%             | 2061-05-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.694 AC1008 10-20-63                                                       | CUSIP: 36179ADM5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       408 | PA      | $402.48        | 0.00%             | 2063-10-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.494 AG8070 01-20-64                                                       | CUSIP: 36182C6F9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3139 | PA      | $3119.50       | 0.00%             | 2064-01-20      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.358 AG8069 01-20-64                                                       | CUSIP: 36182C6E2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4251 | PA      | $4202.18       | 0.00%             | 2064-01-20      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.739 776094 10-20-63                                                       | CUSIP: 36176T7F9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1049 | PA      | $1033.57       | 0.00%             | 2063-10-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.496 AG8041 11-20-63                                                       | CUSIP: 36182C5A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3158 | PA      | $3137.93       | 0.00%             | 2063-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.494 AG8060 12-20-63                                                       | CUSIP: 36182C5V5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3114 | PA      | $3094.28       | 0.00%             | 2063-12-20      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.695 AC0975 04-20-63                                                       | CUSIP: 36179ACL8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       814 | PA      | $802.16        | 0.00%             | 2063-04-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.694 AC1026 01-20-64                                                       | CUSIP: 36179AD78<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |       813 | PA      | $801.68        | 0.00%             | 2064-01-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.463 AG8082 02-20-64                                                       | CUSIP: 36182C6T9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      2723 | PA      | $2705.74       | 0.00%             | 2064-02-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.289 AG8081 02-20-64                                                       | CUSIP: 36182C6S1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4267 | PA      | $4218.49       | 0.00%             | 2064-02-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.778 AG8076 02-20-64                                                       | CUSIP: 36182C6M4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1054 | PA      | $1052.86       | 0.00%             | 2064-02-20      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA8947 06-20-53                                                         | CUSIP: 36179X5G7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    294267 | PA      | $286708.56     | 0.00%             | 2053-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST GSMS_24-70P              | GSMS 2024-70P A 144A FRN 03-10-41/03-12-29                                       | CUSIP: 36269JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14790000 | PA      | $14813604.84   | 0.12%             | 2041-03-10      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| GSMBS 2024-RPL2                                                   | GSMBS 24-PRL2 A1 144A 3.75% 07-25-61/02-01-28                                    | CUSIP: 36269MAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6219613 | PA      | $6023259.58    | 0.05%             | 2061-07-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                          | GNR 2012-H20 PT FRN 07-20-62                                                     | CUSIP: 38375BVS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGA              | US        |    930501 | PA      | $929421.33     | 0.01%             | 2062-07-20      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                          | GNR 2014-H08 FT FRN 03-20-64                                                     | CUSIP: 38375UEY2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGA              | US        |    371927 | PA      | $371204.85     | 0.00%             | 2064-03-20      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| GWT 2024-WLF2                                                     | GWT 24-WLF2 A 144A FRN (TSFR1M+169.124) 05-15-41/29                              | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7231000 | PA      | $7241810.35    | 0.06%             | 2041-05-15      | Variable      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2024-NQM2                                                    | GCAT 24-NQM2 A1 144A 6.085% 06-25-59                                             | CUSIP: 36831CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3667913 | PA      | $3693915.24    | 0.03%             | 2059-06-25      | Variable      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.413 767680 06-20-64                                                       | CUSIP: 36176JUD0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      9386 | PA      | $9304.53       | 0.00%             | 2064-06-20      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RM FRN AG8149 06-20-64                                                         | CUSIP: 36182DBS3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     19875 | PA      | $19936.65      | 0.00%             | 2064-06-20      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION                          | GNR 12-H12 FT FRN (H15T1Y+70) 05-20-62                                           | CUSIP: 38375BRN4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | USGA              | US        |     78342 | PA      | $78287.84      | 0.00%             | 2062-05-20      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 5.05 721648 04-20-61                                                        | CUSIP: 3620A7WH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3418 | PA      | $3365.57       | 0.00%             | 2061-04-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.94 710085 09-20-61                                                        | CUSIP: 36297E2S3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      1486 | PA      | $1485.94       | 0.00%             | 2061-09-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_21-2                           | HPA 21-2 A 144A 1.901% 12-17-26                                                  | CUSIP: 43732VAT3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5553498 | PA      | $5315802.42    | 0.04%             | 2026-12-17      | Fixed         | 1.90%                 | Yes           |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_22-1                           | HPA 22-1 A 144A 3.93% 04-17-39/04-19-27                                          | CUSIP: 43730NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    347753 | PA      | $341874.67     | 0.00%             | 2039-04-17      | Fixed         | 3.93%                 | Yes           |                  2 | On Loan: No      |
| HTL 2024-T53                                                      | HTL 24-T53 A 144A FRN 05-10-39/05-12-27                                          | CUSIP: 404300AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7830000 | PA      | $7893015.84    | 0.06%             | 2039-05-10      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| HILT 2024-ORL                                                     | HILT 24-ORL A 144A FRN (TSFR1M+154.123) 05-15-37/26                              | CUSIP: 403956AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10250000 | PA      | $10257749.00   | 0.08%             | 2037-05-15      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| HY 2025-SPRL                                                      | HY 2025-SPRL A 144A FRN 01-13-40                                                 | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  23928000 | PA      | $24437714.26   | 0.19%             | 2040-01-13      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| HOME PARTNERS OF AMERICA TRUST HPA_21-2                           | HPA 21-2 C 144A 2.402% 12-17-26                                                  | CUSIP: 43732VAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8823546 | PA      | $8418333.94    | 0.07%             | 2026-12-17      | Fixed         | 2.40%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                     | HHT 2025-MAUI A 144A FRN 03-15-42                                                | CUSIP: 419909AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13306000 | PA      | $13292694.00   | 0.11%             | 2042-03-15      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| HHT 2025-MAUI                                                     | HHT 2025-MAUI B 144A FRN 03-15-42                                                | CUSIP: 419909AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1617000 | PA      | $1611988.92    | 0.01%             | 2042-03-15      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL FUND MORTGAGE TRUST IMPRL_22-NQM7                        | IMPRL 22-NQM7 A1 144A 7.369% 11-25-67/26                                         | CUSIP: 452763AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9348743 | PA      | $9386642.66    | 0.07%             | 2067-11-25      | Variable      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_16-1A                    | NRZT 16-1A A1 144A FRN 03-25-56                                                  | CUSIP: 64829FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    178795 | PA      | $171739.05     | 0.00%             | 2056-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_18-RPL1                  | NRZT 18-RPL1 A1 144A FRN 12-25-57                                                | CUSIP: 64829VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250594 | PA      | $1209394.73    | 0.01%             | 2057-12-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT 19-2A                    | NRZT 19-2A A1 144A FRN 12-25-57                                                  | CUSIP: 64830DAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    352134 | PA      | $343555.37     | 0.00%             | 2057-12-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| OBX TRUST OBX_22-NQM6                                             | OBX 22-NQM6 A1 144A 4.7% 07-25-62/06-01-26                                       | CUSIP: 67116VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6646904 | PA      | $6609522.17    | 0.05%             | 2062-07-25      | Variable      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM10                                                    | OBX 24-NQM10 A1 144A 6.18% 05-25-64/06-01-28                                     | CUSIP: 67119MAA6<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-CBDO         | CORP              | US        |   9703680 | PA      | $9777971.44    | 0.08%             | 2064-05-25      | Variable      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM11                                                    | OBX 24-NQM11 A1 144A FRN 06-25-64                                                | CUSIP: 67119EAA4<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-CBDO         | CORP              | US        |   8031897 | PA      | $8068915.61    | 0.06%             | 2064-06-25      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM13                                                    | OBX 24-NQM13 A1 144A 5.116% 06-25-64/08-01-28                                    | CUSIP: 67119PAP6<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-CBDO         | CORP              | US        |   4054594 | PA      | $4031754.44    | 0.03%             | 2064-06-25      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| OBX 2024-NQM17                                                    | OBX 24-NQM17 A1 144A 5.61% 11-25-64/11-01-28                                     | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-CBDO         | CORP              | US        |  23817961 | PA      | $23863762.56   | 0.19%             | 2064-11-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM1                                                     | OBX 25-NQM1 A1 144A 5.547% 12-25-64/12-01-28                                     | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-CBDO         | CORP              | US        |  21050045 | PA      | $21092460.86   | 0.17%             | 2064-12-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM3                                                     | OBX 25-NQM3 A1 144A 5.648% 12-01-64                                              | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-CBDO         | CORP              | US        |   7138389 | PA      | $7163373.64    | 0.06%             | 2064-12-01      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| OBX 2023-NQM8                                                     | OBX_23-NQM8 A1 144A 7.045% 09-25-63/09-01-27                                     | CUSIP: 67118CAA9<br>LEI: 254900L7QTAO1E3CDI14 | Long             | ABS-CBDO         | CORP              | US        |   1119623 | PA      | $1135262.28    | 0.01%             | 2063-09-25      | Variable      | 7.04%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL LLC OBX TRUST OBX_23-NQM10                   | OBX 23-NQ10 A1 144A 6.465% 10-25-63                                              | CUSIP: 67449CAA9<br>LEI: 254900O44XNRXAW7W466 | Long             | ABS-CBDO         | CORP              | US        |   2775159 | PA      | $2796336.73    | 0.02%             | 2063-10-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| OBX TRUST OBX_23-NQM9                                             | OBX_23-NQM9 A1 144A 7.159% 10-25-63/27                                           | CUSIP: 673921AA0<br>LEI: 2549007JKD4UEFDCFB08 | Long             | ABS-CBDO         | CORP              | US        |   3095124 | PA      | $3147106.91    | 0.03%             | 2063-10-25      | Fixed         | 7.16%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM8                                                     | OBX 25-NQM8 A1 144A 5.472% 03-25-65                                              | CUSIP: 67449AAA3<br>LEI: 2549006UJL1L84XG2C80 | Long             | ABS-CBDO         | CORP              | US        |  13845000 | PA      | $13970297.25   | 0.11%             | 2065-03-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| PRKCM_21-AFC2 TRUST                                               | PRKCM 21-AFC2 A1 144A FRN 11-25-56/07-25-28                                      | CUSIP: 69361JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7500465 | PA      | $6600469.18    | 0.05%             | 2056-11-25      | Variable      | 2.07%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL MASTER TRUST PROG_22-SFR3                    | PROG 22-SFR3 A 144A 3.2% 04-17-39                                                | CUSIP: 74331UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    620530 | PA      | $602894.81     | 0.00%             | 2039-04-17      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_24-SFR1                           | PROG 24-SFR1 A 144A 3.35% 02-17-41/02-20-29                                      | CUSIP: 74331QAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3811458 | PA      | $3621815.54    | 0.03%             | 2041-02-17      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_21-SFR6                           | PROG 21-SFR6 A 144A 1.524% 07-17-38/26                                           | CUSIP: 74333HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5675190 | PA      | $5513929.80    | 0.04%             | 2038-07-17      | Fixed         | 1.52%                 | Yes           |                  2 | On Loan: No      |
| PROG 2024-SFR2                                                    | PROG 24-SFR2 B 144A FRN 04-17-41/04-19-29                                        | CUSIP: 74290XAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    418000 | PA      | $392207.31     | 0.00%             | 2041-04-17      | Variable      | 3.40%                 | Yes           |                  2 | On Loan: No      |
| PROG 2024-SFR3                                                    | PROG 24-SFR3 A 144A 3.0% 06-17-41/06-18-29                                       | CUSIP: 74331VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5616047 | PA      | $5243792.76    | 0.04%             | 2041-06-17      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL TRUST PROG_24-SFR5                           | PROG 2024-SFR5 B 144A 3.25% 08-09-29/09-01-24                                    | CUSIP: 74332HAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3581000 | PA      | $3321234.26    | 0.03%             | 2029-08-09      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| PRKCM TRUST PRKCM_23-AFC4                                         | PRKCM 23-AFC4 A1 144A 7.225% 11-25-58/10-01-27                                   | CUSIP: 69380GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4257669 | PA      | $4322190.10    | 0.03%             | 2058-11-25      | Variable      | 7.22%                 | Yes           |                  2 | On Loan: No      |
| PROG 2025-SFR2                                                    | PROG 25-SFR2 B 144A 3.555% 04-17-42/04-18-30                                     | CUSIP: 74334GAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8841000 | PA      | $8215163.29    | 0.07%             | 2042-04-17      | Fixed         | 3.56%                 | Yes           |                  2 | On Loan: No      |
| PROG 2025-SFR2                                                    | PROG 25-SFR2 A 144A 3.305% 04-17-42/04-18-30                                     | CUSIP: 74334GAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10349000 | PA      | $9674793.70    | 0.08%             | 2042-04-17      | Fixed         | 3.31%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2025-RPL3                                                    | PRPM 25-RPL3 A1 144A 3.25% 04-25-55                                              | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7366562 | PA      | $6990278.40    | 0.06%             | 2055-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| RMF BUYOUT ISSUANCE TRUST RBIT_21-HB1                             | RBIT 21-HB1 A 144A FRN 11-25-31                                                  | CUSIP: 74969TAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     88866 | PA      | $88617.19      | 0.00%             | 2031-11-25      | Variable      | 1.26%                 | Yes           |                  2 | On Loan: No      |
| ROCC TRUST ROCC_24-CNTR                                           | ROCC 24-CNTR A 144A 5.38834% 11-13-41/11-16-29                                   | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5000000 | PA      | $5068755.00    | 0.04%             | 2041-11-13      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| ROCC TRUST ROCC_24-CNTR                                           | ROCC 24-CNTR B 144A 5.93035% 11-13-41/11-16-29                                   | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6500000 | PA      | $6638482.50    | 0.05%             | 2041-11-13      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| SG COMMERCIAL MORTGAGE SECURITIES TRUST SGCMS_16-C5               | SGCMS 16-C5 A3 2.779% 10-10-48/03-12-26                                          | CUSIP: 78419CAC8<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-CBDO         | CORP              | US        |    747981 | PA      | $734293.47     | 0.01%             | 2048-10-10      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-1                           | SCRT 17-1 HA FRN 01-25-56                                                        | CUSIP: 35563PAP4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2725982 | PA      | $2550992.94    | 0.02%             | 2056-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-2                           | SCRT 17-2 HA FRN 08-25-56                                                        | CUSIP: 35563PBF5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   4279275 | PA      | $3968102.82    | 0.03%             | 2056-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-2                           | SCRT 17-2 MA 3.0% 08-25-56                                                       | CUSIP: 35563PBC2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   4267854 | PA      | $3969586.18    | 0.03%             | 2056-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-4                           | SCRT 17-4 M45T 4.5% 06-25-57                                                     | CUSIP: 35563PCS6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2231340 | PA      | $2141450.12    | 0.02%             | 2057-06-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-4                           | SCRT 17-4 MT 3.5% 06-25-57                                                       | CUSIP: 35563PCM9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |      9758 | PA      | $8694.23       | 0.00%             | 2057-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_17-4                           | SCRT 17-4 HT FRN% 06-25-57                                                       | CUSIP: 35563PDD8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     12423 | PA      | $11131.33      | 0.00%             | 2057-06-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| SEASONED LOAN STRUCTURED TRANSACTION SLST_18-1                    | SLST 18-1 A1 3.5% 06-25-28                                                       | CUSIP: 35564CAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   9194462 | PA      | $8896589.40    | 0.07%             | 2028-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_19-2                           | SCRT 19-2 MA 3.5% 08-25-58                                                       | CUSIP: 35563PKG3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   6397243 | PA      | $6072640.29    | 0.05%             | 2058-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC - SLST SLST_19-1                                      | SLST 19-1 A1 3.5% 05-25-29                                                       | CUSIP: 35564CBB2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1536511 | PA      | $1482835.87    | 0.01%             | 2029-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_19-1                           | SCRT 19-1 MA 3.5% 07-25-58                                                       | CUSIP: 35563PJF7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    820746 | PA      | $785839.47     | 0.01%             | 2058-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_19-4                           | SCRT 19-4 MA 3.0% 02-25-59                                                       | CUSIP: 35563PML0<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1290027 | PA      | $1190813.72    | 0.01%             | 2059-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STACR 2015-DNA3                                                   | STACR 15-DNA3 M3 FRN (SOFR30A+481.45) 04-25-28                                   | CUSIP: 3137G0GW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1406808 | PA      | $1425964.57    | 0.01%             | 2028-04-25      | Variable      | 9.14%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2020-DNA1                                     | STACR 20-DNA1 M2 144A FRN (SOFR30A+181.45) 01-25-50                              | CUSIP: 35565HAH8<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-CBDO         | CORP              | US        |     89687 | PA      | $89727.84      | 0.00%             | 2050-01-25      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| MANHATTAN WEST OMW_20-OMW                                         | OMW 20-OMW A 144A 2.13% 09-10-39/27                                              | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6622000 | PA      | $6220322.72    | 0.05%             | 2039-09-10      | Fixed         | 2.13%                 | Yes           |                  2 | On Loan: No      |
| SREIT TRUST SREIT_21-FLWR                                         | SREIT 2021-FLWR A 144A FRN 07-15-36                                              | CUSIP: 78485GAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2629958 | PA      | $2628884.87    | 0.02%             | 2036-07-15      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| SREIT TRUST SREIT_21-MFP                                          | SREIT 2021-MFP A 144A FRN 11-15-38                                               | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3629667 | PA      | $3626331.51    | 0.03%             | 2038-11-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| STORAGEMART COMMERCIAL MORTGAGE TRUST SMRT_22-MINI                | SMRT 22-MINI A 144A FRN (TSFR1M+100) 01-15-39/01-16-24                           | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16312000 | PA      | $16238726.50   | 0.13%             | 2039-01-15      | Variable      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED AGENCY CREDIT RISK STACR_22-DNA2                       | STACR 22-DNA2 M1A 144A FRN (SOFR30A+130) 02-25-42                                | CUSIP: 35564KRE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    271186 | PA      | $271320.25     | 0.00%             | 2042-02-25      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2016-DNA1                                     | STACR 16-DNA1 M3 FRN (SOFR30A+566.45) 07-25-28                                   | CUSIP: 3137G0HW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1213786 | PA      | $1241207.85    | 0.01%             | 2028-07-25      | Variable      | 9.99%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST STACR_22-DNA5                       | STACR 22-DNA5 M1A 144A FRN (SOFR30A+295) 06-25-42                                | CUSIP: 35564KYN3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-CBDO         | CORP              | US        |   5464673 | PA      | $5590912.08    | 0.04%             | 2042-06-25      | Variable      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                          | SFO 2021-555 A 144A 5.57648% 05-15-38/26                                         | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14780000 | PA      | $14651280.98   | 0.12%             | 2038-05-15      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST SFO_21-555                          | SFO 21-555 B 144A FRN (TSFR1M+161.448) 05-15-38/28                               | CUSIP: 78432WAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $489637.00     | 0.00%             | 2038-05-15      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC - STACR 2018-DNA2                                     | STACR 18-DNA2 M2AR 144A FRN (SOFR30A+76.448) 12-25-30                            | CUSIP: 35563TAJ0<br>LEI: 549300L8K4CLYS7FCQ06 | Long             | ABS-CBDO         | CORP              | US        |     65811 | PA      | $65970.29      | 0.00%             | 2030-12-25      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| SDR 2024-DSNY                                                     | SDR 2024-DSNY A 144A FRN 05-15-39                                                | CUSIP: 811304AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6371000 | PA      | $6334156.51    | 0.05%             | 2039-05-15      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| STAR 2024-SFR4                                                    | STAR 2024-SFR4 A 144A FRN 10-17-41/10-19-26                                      | CUSIP: 85520AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4400563 | PA      | $4416519.65    | 0.04%             | 2041-10-17      | Variable      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| STAR 2025-SFR5                                                    | STAR 2025-SFR5 A 144A FRN 02-17-42/02-22-27                                      | CUSIP: 85520CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2339000 | PA      | $2340380.01    | 0.02%             | 2042-02-17      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| SWCH 2025-DATA                                                    | SWCH 2025-DATA A 144A FRN 03-15-42                                               | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20328000 | PA      | $20184667.27   | 0.16%             | 2042-03-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_17-6                               | TPMT 17-6 A1 144A FRN 10-25-57                                                   | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1707168 | PA      | $1671071.60    | 0.01%             | 2057-10-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMP_20-4                               | TPMT 20-4 A1 144A 1.75% 10-25-60/08-26-30                                        | CUSIP: 89179JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2697336 | PA      | $2439684.08    | 0.02%             | 2060-10-25      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES TAH_20-SFR2                                 | TAH 20-SFR2 A 144A 1.482% 11-17-39/11-19-27                                      | CUSIP: 89613JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    794680 | PA      | $738895.42     | 0.01%             | 2039-11-17      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-2                               | TPMT 16-2 M1 144A FRN 08-25-55/02-25-28                                          | CUSIP: 89172PAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2521735 | PA      | $2477493.36    | 0.02%             | 2055-08-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-4                               | TPMT 16-4 M2 144A FRN 07-25-56/01-26-26                                          | CUSIP: 89172UAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2538000 | PA      | $2477590.49    | 0.02%             | 2056-07-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-2                               | TPMT 15-2 2B1 144A FRN 11-25-57/10-25-27                                         | CUSIP: 89171YBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1517016 | PA      | $1509292.74    | 0.01%             | 2057-11-25      | Variable      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_23-1                               | TPMT 23-1 A1 144A 3.75% 01-25-63                                                 | CUSIP: 89181JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8517580 | PA      | $8192949.68    | 0.07%             | 2063-01-25      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-5                               | TPMT 16-5 M1 144A FRN 10-25-56                                                   | CUSIP: 89173CAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $3872000.00    | 0.03%             | 2056-10-25      | Variable      | 3.38%                 | Yes           |                  2 | On Loan: No      |
| TRICON RESIDENTIAL TRUST TCN_23-SFR2                              | TCN 23-SFR2 A 144A 5.0% 12-17-40/12-19-28                                        | CUSIP: 895978AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2767849 | PA      | $2774605.18    | 0.02%             | 2040-12-17      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TCN 2024-SFR2                                                     | TCN 24-SFR2 B 144A 5.7% 06-17-28/06-20-28                                        | CUSIP: 89616VAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3247000 | PA      | $3262858.35    | 0.03%             | 2028-06-17      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| TCN 2024-SFR2                                                     | TCN 24-SFR2 A 144A 4.75% 06-17-40/06-20-28                                       | CUSIP: 89616VAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3431095 | PA      | $3419069.14    | 0.03%             | 2040-06-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-3                                  | TPMT 24-3 A1A 144A FRN 07-25-65                                                  | CUSIP: 89183FAP3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3469499 | PA      | $3518575.36    | 0.03%             | 2065-07-25      | Variable      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| TRICON RESIDENTIAL TRUST TCN_24-SFR3                              | TCN 24-SFR3 A 144A 4.5% 08-17-41/29                                              | CUSIP: 89616YAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5984060 | PA      | $5909235.17    | 0.05%             | 2041-08-17      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_15-2                               | TPMT 15-2 1B2 144A FRN 11-25-60/07-26-27                                         | CUSIP: 89171YAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6123904 | PA      | $5913443.79    | 0.05%             | 2060-11-25      | Variable      | 3.72%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-HY1                             | TPMT 19-HY1 A1 144A FRN (TSFR1M+111.448) 10-25-48/11-25-25                       | CUSIP: 89177EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1970681 | PA      | $1978857.50    | 0.02%             | 2048-10-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_19-HY3                             | TPMT 19-HY3 A1A 144A FRN (TSFR1M+111.45) 10-25-59/07-25-27                       | CUSIP: 89177XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1057344 | PA      | $1068607.81    | 0.01%             | 2059-10-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| UBSCM 2017-C2                                                     | UBSCM 17-C2 A4 3.487% 08-15-50/07-16-27                                          | CUSIP: 90276CAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2954000 | PA      | $2856157.61    | 0.02%             | 2050-08-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 6.0 UMBS TBA 06-01-55                                                       | CUSIP: 01F060667<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  37854805 | PA      | $38230248.96   | 0.30%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 3.5 UMBS TBA 06-01-55                                                       | CUSIP: 01F032666<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3101 | PA      | $2749.06       | 0.00%             | 2055-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 7.0 UMBS TBA 06-01-55                                                       | CUSIP: 01F070666<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  16917086 | PA      | $17660202.84   | 0.14%             | 2055-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 6.5 UMBS TBA 06-01-55                                                       | CUSIP: 01F062663<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        | 256837495 | PA      | $263752074.04  | 2.10%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 4.5 UMBS TBA 06-01-55                                                       | CUSIP: 01F042665<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  50000000 | PA      | $47164350.00   | 0.38%             | 2055-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | UMBS  15YR TBA(REG B) 6.0 UMBS TBA 06-01-40                                      | CUSIP: 01F060469<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  50695429 | PA      | $51914096.42   | 0.41%             | 2040-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 6.5 UMBS TBA 07-01-55                                                       | CUSIP: 01F062671<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  56680656 | PA      | $58151292.30   | 0.46%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | FNCL 6.0 UMBS TBA 07-01-55                                                       | CUSIP: 01F060675<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        | 204771360 | PA      | $206530345.98  | 1.65%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                                       | UMBS  15YR TBA(REG B) 5.5 UMBS TBA 07-01-40                                      | CUSIP: 01F052474<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3645000 | PA      | $3693321.77    | 0.03%             | 2040-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-1                             | VERUS 2023-1 A1 144A 5.85% 12-25-67/01-25-27                                     | CUSIP: 92539BAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5339786 | PA      | $5335268.98    | 0.04%             | 2067-12-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-3                             | VERUS 23-3 A1 144A 5.93% 03-25-68/04-01-27                                       | CUSIP: 92539GAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3678752 | PA      | $3681569.87    | 0.03%             | 2068-03-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_23-5                             | VERUS 2023-5 A1 144A 6.476% 06-25-68                                             | CUSIP: 924934AA0<br>LEI: 984500BADC7CFE3B0756 | Long             | ABS-CBDO         | CORP              | US        |  10357278 | PA      | $10418137.60   | 0.08%             | 2068-06-25      | Variable      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-2                                                      | VERUS 24-2 A1 144A 6.095% 02-25-69/02-01-28                                      | CUSIP: 92539UAA8<br>LEI: 213800KSJFZ5H8FZ7C61 | Long             | ABS-CBDO         | CORP              | US        |   6433252 | PA      | $6468615.12    | 0.05%             | 2069-02-25      | Variable      | 6.09%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-3                             | VERUS 24-3 A1 144A 6.338% 04-25-2069                                             | CUSIP: 92540MAA3<br>LEI: 2138005NRONUFED1TZ38 | Long             | ABS-CBDO         | CORP              | US        |  28229449 | PA      | $28489160.22   | 0.23%             | 2069-04-25      | Variable      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-4                                                      | VERUS 24-4 A1 144A 6.218% 06-25-69/05-01-28                                      | CUSIP: 92540GAA6<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-CBDO         | CORP              | US        |   9002565 | PA      | $9077304.45    | 0.07%             | 2069-06-25      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-8                                                      | VERUS 24-8 A1 144A FRN 10-25-69                                                  | CUSIP: 92540PAA6<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-CBDO         | CORP              | US        |   5833224 | PA      | $5821615.95    | 0.05%             | 2069-10-25      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| VERSUS SECURITIZATION TRUST VERSUS_24-R1                          | VERUS 24-R1 A1 144A 5.218% 09-25-69/10-01-28                                     | CUSIP: 924926AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5415537 | PA      | $5402961.91    | 0.04%             | 2069-09-25      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST VERUS_24-7                             | VERUS 24-7 A1 144A FRN 09-25-69                                                  | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-CBDO         | CORP              | US        |   5750296 | PA      | $5720342.76    | 0.05%             | 2069-09-25      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2024-9                                                      | VERUS 24-9 A1 144A FRN 11-25-69                                                  | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-CBDO         | CORP              | US        |  12663606 | PA      | $12626704.28   | 0.10%             | 2069-11-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRU5C C @ 98 09-12-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |       585 | NC      | $10968.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRU5C C @ 97 09-12-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |       174 | NC      | $9787.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRZ5C C @ 97 12-12-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |       564 | NC      | $109275.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAAT 2024-1A                                                      | BAAT 24-1 A3 144A 5.35% 11-15-28                                                 | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    403000 | PA      | $407147.68     | 0.00%             | 2028-11-15      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| BMWOT 2024-A                                                      | BMWOT 24-A A3 5.18% 02-26-29/11-26-27                                            | CUSIP: 096919AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1330000 | PA      | $1341900.84    | 0.01%             | 2029-02-26      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| BLAST 2024-3                                                      | BLAST 24-3 B 5.37% 10-16-28/07-15-26                                             | CUSIP: 10805NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1977000 | PA      | $1986971.99    | 0.02%             | 2028-10-16      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| BLAST 2024-3                                                      | BLAST 24-3 A3 5.34% 04-17-28/02-17-26                                            | CUSIP: 10805NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4216000 | PA      | $4228019.82    | 0.03%             | 2028-04-17      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| BLAST 2024-3                                                      | BLAST 24-3 A2 5.54% 02-16-27/06-16-25                                            | CUSIP: 10805NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1122315 | PA      | $1123245.01    | 0.01%             | 2027-02-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| BJETS 2024-2A                                                     | BJETS 24-2 A 144A 5.364% 09-15-39/09-16-30                                       | CUSIP: 12326TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    689596 | PA      | $688880.45     | 0.01%             | 2039-09-15      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-4          | BLAST 24-4 A3 4.72% 09-15-28/07-15-26                                            | CUSIP: 10806EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8074000 | PA      | $8078012.78    | 0.06%             | 2028-09-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-4          | BLAST 24-4 A2 4.84% 09-15-27/11-17-25                                            | CUSIP: 10806EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2508389 | PA      | $2509864.10    | 0.02%             | 2027-09-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C8                                                      | BMO 2024-5C8 AS FRN 12-15-57/12-17-29                                            | CUSIP: 09661XAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3140000 | PA      | $3237318.02    | 0.03%             | 2057-12-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| BRDGE 2022-SFR1                                                   | BRDGE 22-SFR1 A 144A 3.4% 11-17-37/11-19-25                                      | CUSIP: 10805VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9892304 | PA      | $9785773.35    | 0.08%             | 2037-11-17      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| BLAST 2025-1                                                      | BLAST 25-1 A3 4.67% 08-15-28/07-15-26                                            | CUSIP: 10806HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4804000 | PA      | $4803101.65    | 0.04%             | 2028-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| BLAST 2025-1                                                      | BLAST 25-1 A2 4.71% 09-15-27/12-15-25                                            | CUSIP: 10806HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10419000 | PA      | $10416020.17   | 0.08%             | 2027-09-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| BATTALION CLO LTD BATLN_18-12A                                    | BATLN 18-12 ARR CLO 144A FRN (TSFR3M+93) 05-17-31                                | CUSIP: 07133RAW5<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-O            | CORP              | KY        |   6558886 | PA      | $6547250.30    | 0.05%             | 2031-05-17      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BEACN 2021-1A                                                     | BEACN 21-1A A 144A 2.25% 10-22-46/10-20-31                                       | CUSIP: 07359BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13586009 | PA      | $12427543.64   | 0.10%             | 2046-10-22      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| BAAT 2025-1A                                                      | BAAT 25-1 A2A 144A 4.52% 11-22-27                                                | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1193000 | PA      | $1193906.68    | 0.01%             | 2027-11-22      | Fixed         | 4.52%                 | Yes           |                  2 | On Loan: No      |
| BLAST 2025-2                                                      | BLAST 25-2 A3 4.78% 12-15-28/11-16-26                                            | CUSIP: 10807HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12900000 | PA      | $12917427.90   | 0.10%             | 2028-12-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| BLAST 2025-2                                                      | BLAST 25-2 A2 4.84% 01-18-28/04-15-26                                            | CUSIP: 10807HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9475000 | PA      | $9473900.90    | 0.08%             | 2028-01-18      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| CAL FUNDING LIMITED CAI_20-1                                      | CAI 20-1A A 144A 2.22% 09-25-45/03-27-28                                         | CUSIP: 12807CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1897657 | PA      | $1778960.15    | 0.01%             | 2045-09-25      | Fixed         | 2.22%                 | Yes           |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST CLAF_21-1                | CLAF 21-1 A 144A 2.868% 05-11-37/11-10-28                                        | CUSIP: 12567UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1255769 | PA      | $1150427.16    | 0.01%             | 2037-05-11      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_21-N4                        | CRVNA 21-N4 C 1.72% 09-11-28/11-10-26                                            | CUSIP: 14687HAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1281321 | PA      | $1237472.84    | 0.01%             | 2028-09-11      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| JPMDB 2016-C4                                                     | JPMDB 16-C4 A3 3.1413% 12-15-49/10-19-26                                         | CUSIP: 46646RAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2675000 | PA      | $2594289.90    | 0.02%             | 2049-12-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_16-JP4  | JPMCC 2016-JP4 A4 FRN 12-15-49/11-18-26                                          | CUSIP: 46645UAT4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2738000 | PA      | $2686150.49    | 0.02%             | 2049-12-15      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMCC 2017-JP5                                                    | JPMCC 17-JP5 A5 3.7232 03-15-50/01-15-27                                         | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2145000 | PA      | $2103985.46    | 0.02%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST JPMCC_22-OPO | JPMCC 22-OPO A 144A 3.0242% 01-05-39/01-08-27                                    | CUSIP: 46655AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7510000 | PA      | $6848669.40    | 0.05%             | 2039-01-05      | Fixed         | 3.02%                 | Yes           |                  2 | On Loan: No      |
| JW 2024-BERY                                                      | JW 24-BERY A 144A FRN (TSFR1M+159.3) 11-15-39/29                                 | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4950000 | PA      | $4957786.35    | 0.04%             | 2039-11-15      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| KSL 2024-HT2                                                      | KSL 24-HT2 A 144A (TSFR1M+154.239) FRN 12-15-39/26                               | CUSIP: 500937AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7965000 | PA      | $7957887.26    | 0.06%             | 2039-12-15      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS2                           | LMAT 2021-GS2 A1 144A 5.75% 04-25-61                                             | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1880902 | PA      | $1881784.19    | 0.02%             | 2061-04-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| LEGACY MORTGAGE ASSET TRUST LMAT_21-GS5                           | LMAT 2021-GS5 A1 144A 2.25% 07-25-67/11-25-24                                    | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5487808 | PA      | $5477293.59    | 0.04%             | 2067-07-25      | Variable      | 2.25%                 | Yes           |                  2 | On Loan: No      |
| LV TRUST LV_24-SHOW                                               | LV 24-SHOW A 144A FRN 10-10-41/10-15-29                                          | CUSIP: 50245XAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10198000 | PA      | $10224596.38   | 0.08%             | 2041-10-10      | Variable      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BAML TRUST MSBAM_15-C25                            | MSBAM 15-C25 ASB 3.383% 10-15-48/06-17-25                                        | CUSIP: 61765TAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15418 | PA      | $15383.88      | 0.00%             | 2048-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BAML TRUST MSBAM_15-C24                            | MSBAM 15-C25 AS FRN 05-15-48/07-15-25                                            | CUSIP: 61765LAW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $993038.00     | 0.01%             | 2048-05-15      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| MSBAM 2017-C34                                                    | MSBAM 17-C34 ASB 3.354% 11-15-52/06-17-27                                        | CUSIP: 61767EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    634938 | PA      | $626123.10     | 0.00%             | 2052-11-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE TRUST MCMLT_19-GS2                             | MCMLT 19-GS2 A1 144A FRN 08-25-59                                                | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2602736 | PA      | $2512358.98    | 0.02%             | 2059-08-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| MFA 2020-NQM1 TRUST                                               | MFA 20-NQM1 A1 144A FRN 03-25-65                                                 | CUSIP: 552754AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1131941 | PA      | $1090443.25    | 0.01%             | 2065-03-25      | Variable      | 2.48%                 | Yes           |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST MCMLT_16-1                          | MCMLT 16-1 M2 144A FRN 04-25-57/11-25-25                                         | CUSIP: 59980TAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2064676 | PA      | $2056146.76    | 0.02%             | 2057-04-25      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST MCMLT_15-1                          | MCMLT 2015-1 M3 144A FRN 06-25-56/10-25-32                                       | CUSIP: 599809CG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2765773 | PA      | $2732738.92    | 0.02%             | 2056-06-25      | Variable      | 3.81%                 | Yes           |                  2 | On Loan: No      |
| MSRM 2024-NQM2                                                    | MSRM 24-NQM2 A1 144A 6.386% 05-25-69/05-01-28                                    | CUSIP: 61776HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15703921 | PA      | $15858525.91   | 0.13%             | 2069-05-25      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| MFRA 2024-NQM2                                                    | MFRA 24-NQM2 A1 144A 5.272% 08-25-69/08-01-28                                    | CUSIP: 58004JAA0<br>LEI: 254900MMVXALAH2X8D73 | Long             | ABS-CBDO         | CORP              | US        |   8091638 | PA      | $8052247.74    | 0.06%             | 2069-08-25      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| MFRA 2024-NQM3                                                    | MFRA 24-NQM3 A1 144A 5.722% 12-25-69/12-01-28                                    | CUSIP: 55287GAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4357563 | PA      | $4373908.26    | 0.03%             | 2069-12-25      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| MSBAM 2025-5C1                                                    | MSBAM 25-5C1 AS 6.011% 03-15-30                                                  | CUSIP: 61778GAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5060000 | PA      | $5195759.80    | 0.04%             | 2030-03-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| TPMT 2015-5                                                       | TPMT 15-5 B1 144A FRN 05-25-55/05-25-2028                                        | CUSIP: 89171VAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  19970000 | PA      | $19592287.42   | 0.16%             | 2055-05-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-3                               | TPMT 16-3 B1 144A FRN 04-25-56                                                   | CUSIP: 89172YAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1788000 | PA      | $1752515.35    | 0.01%             | 2056-04-25      | Variable      | 4.08%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST TPMT_16-3                               | TPMT 16-3 M2 144A FRN 04-25-56                                                   | CUSIP: 89172YAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3449731 | PA      | $3420619.12    | 0.03%             | 2056-04-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2025-3                                                      | VERUS 25-3 A1 144A 5.623% 05-25-70                                               | CUSIP: 924928AA2<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-CBDO         | CORP              | US        |   5764509 | PA      | $5784079.37    | 0.05%             | 2070-05-25      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| WFCM 2016-C34                                                     | WFCM 16-C34 A4 3.096% 06-15-49/04-15-26                                          | CUSIP: 95000DBD2<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-CBDO         | CORP              | US        |   5160000 | PA      | $5044302.48    | 0.04%             | 2049-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_15-C29                 | WFCM 2015-C29 AS FRN 06-15-48/06-17-25                                           | CUSIP: 94989KAX1<br>LEI: 549300NYO16WLNMVJJ46 | Long             | ABS-CBDO         | CORP              | US        |   6749000 | PA      | $6730129.80    | 0.05%             | 2048-06-15      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| WFCM 2017-C39                                                     | WFCM 17-C39 A5 3.418% 09-15-50                                                   | CUSIP: 95000XAF4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4680500 | PA      | $4519743.55    | 0.04%             | 2050-09-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_17-C40                 | WFCM 2017-C40 AS FRN 10-15-50/09-17-27                                           | CUSIP: 95000YBB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $959974.00     | 0.01%             | 2050-10-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| WMRK COMMERCIAL MORTGAGE TRUST WMRK_22-WMRK                       | WMRK 22-WMRK A 144A FRN (TSFR1M+278.9) 11-15-27                                  | CUSIP: 929342AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  17286000 | PA      | $17323839.05   | 0.14%             | 2027-11-15      | Variable      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| WFCM 2024-5C1                                                     | WFCM 24-5C1 AS 6.520% 07-15-57                                                   | CUSIP: 95003VAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    410000 | PA      | $427353.66     | 0.00%             | 2057-07-15      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_15-NXS2                | WFCM 2015-NXS2 A5 FRN 07-15-58                                                   | CUSIP: 94989MAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2525444 | PA      | $2508248.72    | 0.02%             | 2058-07-15      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| WFCM 2024-5C2                                                     | WFCM 24-5C2 A3 5.92% 11-15-57/11-19-29                                           | CUSIP: 95003UAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2452000 | PA      | $2553679.54    | 0.02%             | 2057-11-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| WFCM 2024-5C2                                                     | WFCM 2024-5C2 AS FRN 11-15-57                                                    | CUSIP: 95003UAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3899000 | PA      | $4054531.11    | 0.03%             | 2057-11-15      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| STATE BOARD OF ADMINISTRATION FINANCE CORP                        | FLORIDA HURRICANE CATASTROPHE FUND 1.258% 07-01-25                               | CUSIP: 341271AD6<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |  13725000 | PA      | $13686734.70   | 0.11%             | 2025-07-01      | Fixed         | 1.26%                 | No            |                  2 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND                                   | CAPITAL GROUP CENTRAL CASH FUND                                                  | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | STIV             | RF                | US        |  15390433 | NS      | $1539043265.00 | 12.28%            |  |  |  | No            |                  1 | On Loan: No      |
| RISKLESS ISSUER                                                   | FSWP: OIS PAYFIX USD 3.62% 09-02-25/06-30-27 LCH                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $-88502.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                   | FSWP: OIS PAYFIX USD 3.762% 09-02-25/04-30-32 LCH                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $-447549.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                   | OIS PAYFIX USD 3.878% 12-06-23/12-06-33 LCH                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $-92148.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                   | OIS RECFIX USD 3.8825% 12-07-23/12-07-28 LCH                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $168624.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                   | OIS PAYFIX USD 4.63358% 07-25-24/10-31-25 LCH                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $-4917.30      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RISKLESS ISSUER                                                   | OIS RECFIX USD 3.948% 11-06-24/11-06-26 LCH                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |         1 | NC      | $23366.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRM5C C @ 97 06-13-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |        52 | NC      | $325.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CME CHICAGO MERCANTILE EXCHANGE                                   | SOFR 90DAY FUT OPT SFRM5C C @ 98 06-13-25                                        | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              |  | US        |       158 | NC      | $987.50        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5303 04-01-54                                                    | CUSIP: 3132DS3L4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1692368 | PA      | $1718700.88    | 0.01%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 BU4699 07-01-54                                                    | CUSIP: 3140M6GH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1242813 | PA      | $1232570.10    | 0.01%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 BU4700 07-01-54                                                    | CUSIP: 3140M6GJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2029127 | PA      | $2056930.07    | 0.02%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DB7690 08-01-54                                                    | CUSIP: 3140AHRL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    139540 | PA      | $141840.92     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QI3333 04-01-54                                                    | CUSIP: 3133W9V24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    196366 | PA      | $199216.46     | 0.00%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5692 05-01-54                                                    | CUSIP: 3132DTKD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    250862 | PA      | $255616.88     | 0.00%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8219 06-01-54                                                    | CUSIP: 3140XQDZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    383955 | PA      | $391099.47     | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD3432 07-01-53                                                    | CUSIP: 3132DQY59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    334483 | PA      | $340758.87     | 0.00%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD5896 07-01-54                                                    | CUSIP: 3132DTRR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    348949 | PA      | $353550.34     | 0.00%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8223 06-01-54                                                    | CUSIP: 3140XQD53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    423923 | PA      | $429243.98     | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FS 2024-HULA                                                      | FS 2024-HULA A 144A FRN 08-15-39                                                 | CUSIP: 30338DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8000000 | PA      | $8008624.00    | 0.06%             | 2039-08-15      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 RJ2193 08-01-54                                                    | CUSIP: 3142GSNK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    280434 | PA      | $272596.60     | 0.00%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2206 08-01-54                                                    | CUSIP: 3142GSNY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1391212 | PA      | $1381508.01    | 0.01%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2210 08-01-54                                                    | CUSIP: 3142GSN46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    799297 | PA      | $808941.33     | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2247 08-01-54                                                    | CUSIP: 3142GSP93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2438423 | PA      | $2523709.44    | 0.02%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 RJ2241 08-01-54                                                    | CUSIP: 3142GSP36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    201269 | PA      | $195281.27     | 0.00%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 RJ2195 08-01-54                                                    | CUSIP: 3142GSNM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    183612 | PA      | $178134.99     | 0.00%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2200 08-01-54                                                    | CUSIP: 3142GSNS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2125278 | PA      | $2109719.27    | 0.02%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2243 08-01-54                                                    | CUSIP: 3142GSP51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1216950 | PA      | $1207293.93    | 0.01%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RJ2203 08-01-54                                                    | CUSIP: 3142GSNV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    230724 | PA      | $229885.69     | 0.00%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 RJ2216 08-01-54                                                    | CUSIP: 3142GSPA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2361486 | PA      | $2391130.13    | 0.02%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2228 08-01-54                                                    | CUSIP: 3142GSPN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1461842 | PA      | $1505827.24    | 0.01%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.5 RJ2222 08-01-54                                                    | CUSIP: 3142GSPG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6050117 | PA      | $6263904.44    | 0.05%             | 2054-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA9170 09-20-53                                                         | CUSIP: 36179YFK5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  17818593 | PA      | $17319797.21   | 0.14%             | 2053-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2SF 5.0 MA9240 10-20-53                                                         | CUSIP: 36179YHR8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  17825123 | PA      | $17356357.98   | 0.14%             | 2053-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GCAT GCAT_24-NQM1                                                 | GCAT 24-NQM1 A1 144A 6.007% 01-25-59/01-01-28                                    | CUSIP: 36169HAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    721448 | PA      | $723449.04     | 0.01%             | 2059-01-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8507 02-01-55                                                    | CUSIP: 3132DWNY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2354125 | PA      | $2378845.79    | 0.02%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SD8516 03-01-55                                                    | CUSIP: 3132DWN90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    343403 | PA      | $347008.73     | 0.00%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5615 02-01-55                                                    | CUSIP: 31418FGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1871075 | PA      | $1890722.83    | 0.02%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5647 03-01-55                                                    | CUSIP: 31418FHZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6503335 | PA      | $6571626.11    | 0.05%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8491 12-01-54                                                    | CUSIP: 3132DWNG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5658016 | PA      | $5481383.75    | 0.04%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5674 04-01-55                                                    | CUSIP: 31418FJU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    889223 | PA      | $898561.20     | 0.01%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC7823 12-01-54                                                    | CUSIP: 3140AVVR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     50477 | PA      | $51007.24      | 0.00%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 FA0608 02-01-55                                                    | CUSIP: 3140W0VA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    968345 | PA      | $959469.48     | 0.01%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 MA5699 05-01-55                                                    | CUSIP: 31418FKM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |  35999972 | PA      | $34875692.81   | 0.28%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD8532 05-01-55                                                    | CUSIP: 3132DWPR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  18320879 | PA      | $17747307.69   | 0.14%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5735 06-01-55                                                    | CUSIP: 31418FLR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   3806000 | PA      | $3770219.79    | 0.03%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 RQ0013 06-01-55                                                    | CUSIP: 3142J6AP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   8758000 | PA      | $8675666.04    | 0.07%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 MA5701 05-01-55                                                    | CUSIP: 31418FKP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    578476 | PA      | $584550.96     | 0.00%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FASST 2025-PC1                                                    | FASST 25-PC1 A1 144A 4.5% 05-25-75                                               | CUSIP: 316929AA6<br>LEI: 254900FJW75GV74X3O58 | Long             | ABS-CBDO         | CORP              | US        |  15500000 | PA      | $14626446.35   | 0.12%             | 2075-05-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SL1094 04-01-55                                                    | CUSIP: 31427NGC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1585226 | PA      | $1535597.50    | 0.01%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY1332 04-01-55                                                    | CUSIP: 31426KPS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1564124 | PA      | $1516719.74    | 0.01%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 CB9472 11-01-54                                                    | CUSIP: 3140QVQ23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    497315 | PA      | $482358.68     | 0.00%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QI2014 03-01-54                                                    | CUSIP: 3133W8GX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1517173 | PA      | $1477054.83    | 0.01%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 SD5872 06-01-54                                                    | CUSIP: 3132DTQZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1686398 | PA      | $1635659.41    | 0.01%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DD8552 04-01-55                                                    | CUSIP: 3140B9QE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1279828 | PA      | $1248576.76    | 0.01%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY0377 04-01-55                                                    | CUSIP: 31426JM30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    499495 | PA      | $483972.07     | 0.00%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DC8341 12-01-54                                                    | CUSIP: 3140AWHT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1512457 | PA      | $1467894.06    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DB8675 07-01-54                                                    | CUSIP: 3140AJT99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1771975 | PA      | $1719444.52    | 0.01%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CGMS_19-1A                       | CGMS 19-1 A1AR CLO 144A FRN (TSFR3M+134.16) 04-20-31                             | CUSIP: 14316BAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193955 | PA      | $194216.07     | 0.00%             | 2031-04-20      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CGMS_14-3RA                      | CGMS 14-3R A1A CLO 144A FRN (TSFR3M+131.16) 07-27-31                             | CUSIP: 14315LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    459040 | PA      | $459082.63     | 0.00%             | 2031-07-27      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING XXXVII LP CERB_22-2                         | CERB 22-2 A1 CLO 144A (TSFR3M+275) 10-15-34                                      | CUSIP: 15674XAA8<br>LEI: 6354009FMFQEKUGULT95 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3013860.00    | 0.02%             | 2034-10-15      | Variable      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| CIFC FUNDING LTD CIFC_15-1A                                       | CIFC 15-1 ARR CLO 144A FRN (TSFR3M+137.16) 01-22-31                              | CUSIP: 12548MBF1<br>LEI: 5493001TP5YQV9X08Z14 | Long             | ABS-O            | CORP              | KY        |     97810 | PA      | $97889.93      | 0.00%             | 2031-01-22      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| CIFC FUNDING LTD CIFC_17-4A                                       | CIFC 17-4 A1R CLO 144A FRN (TSFR3M+121.16) 10-24-30                              | CUSIP: 12551JAL0<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-O            | CORP              | KY        |    476811 | PA      | $477138.69     | 0.00%             | 2030-10-24      | Variable      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| CLI FUNDING LLC CLIF_22-1                                         | CLIF 22-1 A 144A 2.72% 01-18-47/03-18-32                                         | CUSIP: 12565KAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3368146 | PA      | $3057828.24    | 0.02%             | 2047-01-18      | Fixed         | 2.72%                 | Yes           |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST CPS_23-A                               | CPS 23-A C 144A 5.54% 04-16-29/11-17-25                                          | CUSIP: 12664LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3950947 | PA      | $3955411.65    | 0.03%             | 2029-04-16      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING LP CERB_23-1                                | CERB 23-1 A CLO 144A FRN (TSFR3M+240) 03-22-35                                   | CUSIP: 15675AAA7<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1999376.00    | 0.02%             | 2035-03-22      | Variable      | 6.66%                 | Yes           |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CGMS_14-2RA                      | CGMS 14-2RA A1 CLO 144A FRN (TSFR3M + 131.16) 05-15-31                           | CUSIP: 14314LAC9<br>LEI: 549300K65HYRGER5BW54 | Long             | ABS-O            | CORP              | KY        |    250433 | PA      | $250565.92     | 0.00%             | 2031-05-15      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST HALST_24-A                | HALST 24-A A3 144A 5.02% 03-15-27/05-15-26                                       | CUSIP: 448988AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9596000 | PA      | $9625027.90    | 0.08%             | 2027-03-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2024-A                             | HART 24-A A3 4.99% 02-15-29                                                      | CUSIP: 448973AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5574000 | PA      | $5617917.55    | 0.04%             | 2029-02-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| HARBOR PARK CLO LTD HARB_18-1A                                    | HARB 18-1 CR CLO 144A FRN (TSFRM+205) 01-20-31                                   | CUSIP: 41154XAU9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2834000 | PA      | $2838165.98    | 0.02%             | 2031-01-20      | Variable      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| HAROT 2024-2                                                      | HAROT 24-2 A3 5.27% 11-20-28/08-18-27                                            | CUSIP: 437930AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1429000 | PA      | $1444588.96    | 0.01%             | 2028-11-20      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-1                            | HERTZ 24-1 A 144A 5.44% 01-25-29/28                                              | CUSIP: 42806MCK3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21414000 | PA      | $21694480.57   | 0.17%             | 2029-01-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-1                        | HERTZ 23-1 B 144A 6.22% 06-25-27/26                                              | CUSIP: 42806MBT5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3340000 | PA      | $3356563.06    | 0.03%             | 2027-06-25      | Fixed         | 6.22%                 | Yes           |                  2 | On Loan: No      |
| HORZN 2024-1                                                      | HORZN 24-1 A 144A 5.375% 09-15-49/31                                             | CUSIP: 43990EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    567453 | PA      | $555624.34     | 0.00%             | 2049-09-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_23-3                        | HERTZ 23-3A A 144A 5.94% 02-25-28/02-25-27                                       | CUSIP: 42806MCA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17805000 | PA      | $18083488.01   | 0.14%             | 2028-02-25      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES HACLN_24-2        | HACLN 24-2 B1 144A 5.442% 10-20-32                                               | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10850905 | PA      | $10918007.14   | 0.09%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING LLC HERTZ_24-2                            | HERTZ 24-2 A 144A 5.48% 01-27-31/01-25-30                                        | CUSIP: 42806MCL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12000000 | PA      | $12149448.00   | 0.10%             | 2031-01-27      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC HERTZ_25-1                        | HERTZ 25-1 A 144A 4.91% 09-25-29/28                                              | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |  14734000 | PA      | $14715523.56   | 0.12%             | 2029-09-25      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| HACLN 2025-1                                                      | HACLN 25-1 B 144A 4.957% 03-21-33/4-20-29                                        | CUSIP: 446438SX2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  23776897 | PA      | $23731935.28   | 0.19%             | 2033-03-21      | Fixed         | 4.96%                 | Yes           |                  2 | On Loan: No      |
| ICG US CLO LTD ICG_14-2A                                          | ICG 14-2 ARR CLO FRN (TSFR3M+129.16) 01-15-31                                    | CUSIP: 44929BAW1<br>LEI: 635400O9MVLOIBCDSR77 | Long             | ABS-O            | CORP              | KY        |     36809 | PA      | $36819.30      | 0.00%             | 2031-01-15      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| JAMESTOWN CLO LTD JTWN_18-11A                                     | JTWN 18-11 A2 CLO 144A FRN (TSFR3M+196.16) 07-14-31                              | CUSIP: 47049QAC0<br>LEI: 549300ICXRO4NIJIWJ29 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2007388.00    | 0.02%             | 2031-07-14      | Variable      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| JDOT 2024-A                                                       | JDOT 24-A A3 4.96% 11-15-28/10-15-27                                             | CUSIP: 47800RAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3689000 | PA      | $3718755.47    | 0.03%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| JAMESTOWN CLO LTD JTWN_19-1A                                      | JTWN 19-1A BR CLO 144A FRN (TSFR3M+250) 04-20-32                                 | CUSIP: 47047JAQ7<br>LEI: 254900TDIR3OOT3N8P57 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4012668.00    | 0.03%             | 2032-04-20      | Variable      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| JAMESTOWN CLO LTD JTWN_19-1A                                      | JTWN 19-1A A1R CLO 144A FRN (TSFR3M+120) 04-20-32                                | CUSIP: 47047JAJ3<br>LEI: 254900TDIR3OOT3N8P57 | Long             | ABS-O            | CORP              | US        |   7798328 | PA      | $7803521.47    | 0.06%             | 2032-04-20      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| JDOT 2024-B                                                       | JDOT 24-B A3 5.2% 03-15-29                                                       | CUSIP: 47786WAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11723000 | PA      | $11898129.90   | 0.09%             | 2029-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JNPPK 2023-1A                                                     | JNPPK 23-1 AR CLO 144A FRN (TSFR3M +125) 07-20-36                                | CUSIP: 48206KAQ9<br>LEI: 213800ACSV8GAJ4CCO70 | Long             | ABS-O            | CORP              | JE        |  16975000 | PA      | $16990701.88   | 0.14%             | 2036-07-20      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| KKR 16                                                            | KKR 16 A12R CLO 144A FRN (TSFR3M+147.16) 10-20-34                                | CUSIP: 48251BAW0<br>LEI: 254900VCKMCY079T6M57 | Long             | ABS-O            | CORP              | KY        |    735000 | PA      | $736537.62     | 0.01%             | 2034-10-20      | Variable      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| KKR FINANCIAL CLO LTD KKR_21                                      | KKR 21 A CLO 144A FRN (TSFR3M+126.16) 04-15-31                                   | CUSIP: 48252KAA7<br>LEI: 5493008X0MRR4A6VYF15 | Long             | ABS-O            | CORP              | KY        |    467084 | PA      | $467110.15     | 0.00%             | 2031-04-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| KKR CLO 11 LLC                                                    | KKR 11 AR CLO 144A FRN (TSFR3M+144.16) 01-15-31                                  | CUSIP: 48250MAK3<br>LEI: 549300PJRIGYUE3V5M12 | Long             | ABS-O            | CORP              | US        |    200195 | PA      | $200356.82     | 0.00%             | 2031-01-15      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| RAD CLO LTD RAD_19-5A                                             | RAD 19-5 AR CLO 144A FRN (TSFR3M+138.16) 07-24-32                                | CUSIP: 74923EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    366197 | PA      | $366659.25     | 0.00%             | 2032-07-24      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| KCOT 2024-2A                                                      | KCOT 24-2 A2 144A 5.45% 04-15-27/07-15-26                                        | CUSIP: 50117DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3551644 | PA      | $3569185.11    | 0.03%             | 2027-04-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_22-1                             | LADAR 22-1 A 144A 5.21% 06-15-27/06-16-25                                        | CUSIP: 501687AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    743890 | PA      | $744519.49     | 0.01%             | 2027-06-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_22-1                             | LADAR 22-1 B 144A 5.87% 09-15-27/10-15-25                                        | CUSIP: 501687AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    642000 | PA      | $644793.98     | 0.01%             | 2027-09-15      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| LADAR 2024-1A                                                     | LADAR 24-1 A4 144A 5.17% 09-15-28/01-15-27                                       | CUSIP: 501689AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6414000 | PA      | $6448391.87    | 0.05%             | 2028-09-15      | Fixed         | 5.17%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_24-2                             | LADAR 24-2 A3 144A 5.61% 08-15-28/12-16-26                                       | CUSIP: 505920AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4185000 | PA      | $4210880.04    | 0.03%             | 2028-08-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST LADAR_24-2                             | LADAR 24-2 A4 144A 5.46% 07-16-29/08-16-27                                       | CUSIP: 505920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4612000 | PA      | $4674953.80    | 0.04%             | 2029-07-16      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| BRAVO 2025-NQM5                                                   | BRAVO 25-NQM5 A1 144A 5.496% 02-25-2065                                          | CUSIP: 10569RAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15823000 | PA      | $15850690.25   | 0.13%             | 2065-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_16-GC36                 | CGCMT 16-GC36 A5 3.616% 02-10-49/01-12-26                                        | CUSIP: 17324TAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $986457.00     | 0.01%             | 2049-02-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST CGCMT_15-GC33                 | CGCMT 15-GC33 A3 3.515% 09-10-58/08-12-25                                        | CUSIP: 29425AAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    710127 | PA      | $708755.96     | 0.01%             | 2058-09-10      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST COMM_16-COR1                                  | COMM 16-COR1 A4 3.091% 10-10-49/08-10-26                                         | CUSIP: 12594MBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $3906776.00    | 0.03%             | 2049-10-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD3                                                       | CD 17-CD3 A4 3.631% 02-10-50/01-12-27                                            | CUSIP: 12515GAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1917164.00    | 0.02%             | 2050-02-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CSAIL COMMERCIAL MORTGAGE TRUST CSAIL_17-CX9                      | CSAIL 17-CX9 A4 3.1755% 09-15-50/04-16-27                                        | CUSIP: 12595FAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    318250 | PA      | $311880.52     | 0.00%             | 2050-09-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD6                                                       | CD 17-CD6 A5 3.456% 11-13-50/10-18-27                                            | CUSIP: 125039AF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3685750 | PA      | $3566947.22    | 0.03%             | 2050-11-13      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-CX10                                                   | CSAIL 2017-CX10 A5 FRN 11-15-50/11-28-27                                         | CUSIP: 12595JAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    882210 | PA      | $847057.46     | 0.01%             | 2050-11-15      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-CX10                                                   | CSAIL 17-CX10 A4 3.1908% 11-15-50/09-17-27                                       | CUSIP: 12595JAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    646000 | PA      | $629129.71     | 0.01%             | 2050-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| CANTOR COMMERCIAL REAL ESTATE LENDING CF_19-CF1                   | CF 19-CF1 AS 4.0273% 05-15-52                                                    | CUSIP: 12529MAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $927552.00     | 0.01%             | 2052-05-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_20-EXP1                   | CMLTI 20-EXP1 A1A 144A FRN 05-25-60                                              | CUSIP: 17328JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1281243 | PA      | $1192832.43    | 0.01%             | 2060-05-25      | Variable      | 1.80%                 | Yes           |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CSMC_20-NET                        | CSMC 20-NET A 144A 2.2569% 08-15-37/25                                           | CUSIP: 126438AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1552379 | PA      | $1534913.56    | 0.01%             | 2037-08-15      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_21-5                                | COLT 21-5 A1 144A FRN 11-26-66                                                   | CUSIP: 12598RAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7319819 | PA      | $6532353.15    | 0.05%             | 2066-11-26      | Variable      | 1.73%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8494 01-01-55                                                    | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4471713 | PA      | $4429687.63    | 0.04%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8475 11-01-54                                                    | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    617158 | PA      | $611501.87     | 0.00%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 DC4451 10-01-54                                                    | CUSIP: 3140AR5M8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    907654 | PA      | $900173.28     | 0.01%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 MA5553 12-01-54                                                    | CUSIP: 31418FE37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   9065102 | PA      | $8979908.20    | 0.07%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 DC4585 11-01-54                                                    | CUSIP: 3140ASCX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2466669 | PA      | $2444063.99    | 0.02%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP - GOLD                            | FGLMC 4.5 Z40273 10-01-48                                                        | CUSIP: 3132FCJS5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    140965 | PA      | $135460.35     | 0.00%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 FS8795 08-01-54                                                    | CUSIP: 3140XQXZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    168398 | PA      | $170205.74     | 0.00%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY1360 04-01-55                                                    | CUSIP: 31426KQN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    884782 | PA      | $857163.07     | 0.01%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QJ9769 12-01-54                                                    | CUSIP: 3133D12A6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    249466 | PA      | $242023.56     | 0.00%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DC9775 01-01-55                                                    | CUSIP: 3140AX2H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    186025 | PA      | $180201.40     | 0.00%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY2240 05-01-55                                                    | CUSIP: 31426LP24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1554106 | PA      | $1507843.82    | 0.01%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QJ8234 11-01-54                                                    | CUSIP: 3133D0EF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1821859 | PA      | $1767354.88    | 0.01%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QX9882 03-01-55                                                    | CUSIP: 31426G6U4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1286742 | PA      | $1248515.61    | 0.01%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DD0990 02-01-55                                                    | CUSIP: 3140B1C46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1103469 | PA      | $1069398.57    | 0.01%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 DC2697 10-01-54                                                    | CUSIP: 3140AP7K4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1387979 | PA      | $1346250.57    | 0.01%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QX2561 12-01-54                                                    | CUSIP: 31425WZ38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1802750 | PA      | $1748162.97    | 0.01%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY3688 05-01-55                                                    | CUSIP: 31426NC24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1111561 | PA      | $1077787.33    | 0.01%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QX4072 01-01-55                                                    | CUSIP: 31425YQ26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1788307 | PA      | $1734137.21    | 0.01%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY1328 04-01-55                                                    | CUSIP: 31426KPN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3519089 | PA      | $3411866.07    | 0.03%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.0 QY2231 05-01-55                                                    | CUSIP: 31426LPR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     45398 | PA      | $44005.16      | 0.00%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 5.5 SD8515 03-01-55                                                    | CUSIP: 3132DWN82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1289049 | PA      | $1276931.74    | 0.01%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.5 DC8674 02-01-55                                                    | CUSIP: 3140AWT82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    838493 | PA      | $830610.88     | 0.01%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 SL0796 04-01-55                                                    | CUSIP: 31427M3E9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  11859075 | PA      | $11983606.94   | 0.10%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DC7035 12-01-54                                                    | CUSIP: 3140AUY98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6688529 | PA      | $6758765.00    | 0.05%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 6.0 QX4065 01-01-55                                                    | CUSIP: 31425YQT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4142505 | PA      | $4186005.36    | 0.03%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 DD0835 01-01-55                                                    | CUSIP: 3140B04V7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   6036187 | PA      | $6099572.70    | 0.05%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP - GOLD                            | FGLMC 5.5 G02162 05-01-36                                                        | CUSIP: 3128LXMK3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     69765 | PA      | $71444.86      | 0.00%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP - GOLD                            | FGLMC 5.5 A23893 110K MAX 07-01-34                                               | CUSIP: 31297BKE1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     93351 | PA      | $95126.87      | 0.00%             | 2034-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GINNIE MAE II POOL                                                | G2RF 4.559 AO0461 08-20-65                                                       | CUSIP: 3617A0QN9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      4354 | PA      | $4328.88       | 0.00%             | 2065-08-20      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST GSMS_14-GC24                         | GSMS 14-GC24 A5 3.931% 09-10-47/08-12-24                                         | CUSIP: 36253GAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    208564 | PA      | $207356.47     | 0.00%             | 2047-09-10      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| BANK_17-BNK4                                                      | BANK 17-BNK4 A4 3.625% 05-15-50/03-17-27                                         | CUSIP: 06541FBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3099000 | PA      | $3031413.91    | 0.02%             | 2050-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BMARK 2018-B7                                                     | BMARK 2018-B7 A4 FRN 05-15-53/10-17-28                                           | CUSIP: 08162TBB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1570373 | PA      | $1549172.96    | 0.01%             | 2053-05-15      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| BANK BANK_19-BN18                                                 | BANK 19-BN18 A4 3.584% 05-15-62                                                  | CUSIP: 065402BC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1613000 | PA      | $1521286.43    | 0.01%             | 2062-05-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                     | BMO 2023-5C1 AS FRN 08-15-56                                                     | CUSIP: 055986AF0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1996000 | PA      | $2112111.31    | 0.02%             | 2056-08-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-5C1                                     | BMO 2023-5C1 A3 FRN 08-15-56/07-17-28                                            | CUSIP: 055986AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    971000 | PA      | $1017708.98    | 0.01%             | 2056-08-15      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| BMO MORTGAGE TRUST BMO_23-C6                                      | BMO 2023-C6 A5 FRN 09-15-56/08-17-33                                             | CUSIP: 055985AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    370000 | PA      | $387218.69     | 0.00%             | 2056-09-15      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| BANK5 BANK5_23-5YR3                                               | BANK5 2023-5YR3 AS FRN 09-15-56                                                  | CUSIP: 06211EAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4885000 | PA      | $5203233.33    | 0.04%             | 2056-09-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE SECURITIES LLC BBCMS_23-5C23         | BBCMS 2023-5C23 AS FRN 12-15-56                                                  | CUSIP: 05493QAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    388000 | PA      | $417713.04     | 0.00%             | 2056-12-15      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V5                                                     | BMARK 24-V5 AM 6.4171% 01-10-57/01-10-29                                         | CUSIP: 08163XBA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    672000 | PA      | $697246.37     | 0.01%             | 2057-01-10      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C3                                                      | BMO 2024-5C3 AS FRN 02-15-57/02-16-29                                            | CUSIP: 09660QAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2244000 | PA      | $2322699.32    | 0.02%             | 2057-02-15      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNA 17-M7 A2 (MF) 2.961% 02-25-27                                                | CUSIP: 3136AV7G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGA              | US        |      7844 | PA      | $7661.31       | 0.00%             | 2027-02-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_K070               | FHMS K070 A2 (MF) 3.303% 11-25-27                                                | CUSIP: 3137FCJK1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     10000 | PA      | $9789.60       | 0.00%             | 2027-11-25      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS BK5305 06-01-48                                                        | CUSIP: 3140HJ3P4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      6414 | PA      | $5986.68       | 0.00%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS BK2010 04-01-48                                                        | CUSIP: 3140HFGU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     10633 | PA      | $9922.51       | 0.00%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_18-4                           | SCRT 18-4 MA 3.5% 03-25-58                                                       | CUSIP: 35563PHF9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     38435 | PA      | $36830.74      | 0.00%             | 2058-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER SCRT_18-3                           | SCRT 18-3 MA 3.5% 08-25-57                                                       | CUSIP: 35563PGG8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   2987187 | PA      | $2870256.77    | 0.02%             | 2057-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FNCL UMBS 4.0 SI2002 03-01-48                                                    | CUSIP: 3133USGK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     58455 | PA      | $54570.86      | 0.00%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 3.5 AB9584 06-01-43                                                    | CUSIP: 31417GUJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      3250 | PA      | $3003.13       | 0.00%             | 2043-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES FKH_20-SFR2                                        | FKH 20-SFR2 A 144A 1.266% 10-19-37/11-19-25                                      | CUSIP: 33767JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5700020 | PA      | $5609406.73    | 0.04%             | 2037-10-19      | Fixed         | 1.27%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 889579 05-01-38                                                    | CUSIP: 31410KJY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    765152 | PA      | $797542.31     | 0.01%             | 2038-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 889983 10-01-38                                                    | CUSIP: 31410KXL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    311780 | PA      | $324985.99     | 0.00%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 5.0 AI8806 08-01-41                                                    | CUSIP: 3138ANYC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    453295 | PA      | $453539.93     | 0.00%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNCL UMBS 6.0 AL0095 07-01-38                                                    | CUSIP: 3138EGC93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     26938 | PA      | $28078.23      | 0.00%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C5                                                      | BMO 2024-5C5 AS FRN 02-15-57                                                     | CUSIP: 05593RAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3940000 | PA      | $4103801.56    | 0.03%             | 2057-02-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| BOCA 2024-BOCA                                                    | BOCA 24-BOCA A 144A FRN (TSFR1M +192.068) 08-15-41/08-17-26                      | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10000000 | PA      | $10033130.00   | 0.08%             | 2041-08-15      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK 2024-V9 MORTGAGE TRUST                                  | BMARK 24-V9 A3 5.60190% 08-15-57/08-17-29                                        | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14583966 | PA      | $15001067.43   | 0.12%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR8                                                   | BANK5 24-5YR8 A3 5.884% 08-15-57/07-17-29                                        | CUSIP: 065923AY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1300000 | PA      | $1351204.40    | 0.01%             | 2057-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2024-V9 MORTGAGE TRUST                                  | BMARK 2024-V9 AS FRN 08-15-57/08-17-29                                           | CUSIP: 081919AS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    550000 | PA      | $565906.00     | 0.00%             | 2057-08-15      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C6                                                      | BMO 24-5C6 A3 5.3161% 09-15-57/09-17-29                                          | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    707000 | PA      | $719279.88     | 0.01%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V10                                                    | BMARK 24-V10 A3 5.2774% 09-15-57/09-17-29                                        | CUSIP: 08163UAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    581292 | PA      | $591036.78     | 0.00%             | 2057-09-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST BRAVO_24-NQM1                     | BRAVO 24-NQM1 A1 144A 5.943% 12-01-63/01-01-28                                   | CUSIP: 10570FAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2119598 | PA      | $2127220.01    | 0.02%             | 2063-12-01      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| BX 2024-FNX                                                       | BX 24-FNX A 144A FRN (TSFR1M+144.23) 11-15-26                                    | CUSIP: 05593TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14847657 | PA      | $14877946.37   | 0.12%             | 2026-11-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| BRDGE 2024-SFR1                                                   | BRDGE 24-SFR1 A 144A 4.0% 08-17-40/28                                            | CUSIP: 10806DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7227833 | PA      | $6957735.74    | 0.06%             | 2040-08-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2024-V11                                                    | BMARK 24-V11 A3 5.909% 11-15-57/10-17-29                                         | CUSIP: 081921AZ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2081752.00    | 0.02%             | 2057-11-15      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V11                                                    | BMARK 24-V11 AM 6.201% 11-15-57/11-19-29                                         | CUSIP: 081921BC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1930000 | PA      | $2002054.62    | 0.02%             | 2057-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                  | BANK5 24-5YR11 AS 6.139% 11-15-57/11-19-29                                       | CUSIP: 06644WBL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1881000 | PA      | $1948926.67    | 0.02%             | 2057-11-15      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                                  | BANK5 24-5YR11 A3 5.893% 11-15-57/11-19-29                                       | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13692509 | PA      | $14236539.77   | 0.11%             | 2057-11-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12                                                  | BANK5 2024-5YR12 A3 FRN 12-15-57/12-17-29                                        | CUSIP: 06644XBG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3820000 | PA      | $3974125.54    | 0.03%             | 2057-12-15      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12                                                  | BANK5 2024-5YR12 AS FRN 12-15-57/12-17-29                                        | CUSIP: 06644XBP0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1798000 | PA      | $1860433.75    | 0.01%             | 2057-12-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| BBCMS 2024-5C31                                                   | BBCMS 24-5C31 AS 5.852% 12-15-57/12-17-29                                        | CUSIP: 07336YAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1719000 | PA      | $1760804.36    | 0.01%             | 2057-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BX 2024-GPA3                                                      | BX 2024-GPA3 A 144A FRN 12-15-39                                                 | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5413423 | PA      | $5420498.26    | 0.04%             | 2039-12-15      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| BX 2025-BIO3                                                      | BX 25-BIO3 A 144A 6.1382% 02-10-42/02-12-30                                      | CUSIP: 123911AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15330000 | PA      | $15515339.70   | 0.12%             | 2042-02-10      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: No      |
| BRAVO 2025-NQM1                                                   | BRAVO 2025-NQM1 A1 144A 5.604% 12-25-64                                          | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9338705 | PA      | $9367963.26    | 0.07%             | 2064-12-25      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| BMO 2025-5C9                                                      | BMO 2025-5C9 AS FRN 04-15-58/03-15-30                                            | CUSIP: 096933AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2971000 | PA      | $3090125.22    | 0.02%             | 2058-04-15      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| BMO 2025-5C9                                                      | BMO 25-5C9 5.7785% 04-15-58/03-15-30                                             | CUSIP: 096933AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11486000 | PA      | $11926177.98   | 0.10%             | 2058-04-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| BMARK 2025-V14                                                    | BMARK 25-V14 AM 6.0898% 04-15-58/03-15-30                                        | CUSIP: 08164BAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    276000 | PA      | $285675.73     | 0.00%             | 2058-04-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| MP CLO III LTD MP3_13-1A                                          | MP3 13-1 AR FRN (TSFR3M+151.16) 10-20-30                                         | CUSIP: 553205AC9<br>LEI: 549300FWSFBNCWDD1P18 | Long             | ABS-O            | CORP              | KY        |      8385 | PA      | $8386.90       | 0.00%             | 2030-10-20      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| MADISON PARK FUNDING LTD MDPK_17-23A                              | MDPK 17-23A AR CLO 144A FRN (TSFR3M+123.16) 07-27-31                             | CUSIP: 55820TAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    383847 | PA      | $383956.10     | 0.00%             | 2031-07-27      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| 522 FUNDING CLO LTD MORGN_18-3                                    | MORGN 18-3 AR CLO 144A FRN (TSFR3M+130.16) 10-20-31                              | CUSIP: 33835NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    743812 | PA      | $744347.28     | 0.01%             | 2031-10-20      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| MONROE CAPITAL MML CLO MCMML_21-2                                 | MCMML 2021-2A A1 CLO 144A FRN 09-14-33                                           | CUSIP: 61034VAC7<br>LEI: 549300015LLKJVT5UL74 | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $3998172.00    | 0.03%             | 2033-09-14      | Variable      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| MONROE CAPITAL MML CLO MCMML_20-1A                                | MCMML 20-1 A1R CLO 144A FRN (TSFR3M+187) 05-20-34                                | CUSIP: 61034UAA3<br>LEI: 254900N1X9F88IDW7908 | Long             | ABS-O            | CORP              | KY        |   1800000 | PA      | $1801179.00    | 0.01%             | 2034-05-20      | Variable      | 6.19%                 | Yes           |                  2 | On Loan: No      |
| MBART 2024-1                                                      | MBART 24-1 A4 4.79% 07-15-31/05-15-28                                            | CUSIP: 587918AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4571000 | PA      | $4601525.14    | 0.04%             | 2031-07-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| MBART 2024-1                                                      | MBART 24-1 A3 4.8% 04-16-29/12-15-27                                             | CUSIP: 587918AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9895000 | PA      | $9941387.76    | 0.08%             | 2029-04-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MP19 2020-3A                                                      | MP19 20-3 CR CLO 144A FRN (TSFR3M+250) 01-19-34                                  | CUSIP: 56607KAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3003459.00    | 0.02%             | 2034-01-19      | Variable      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| MBALT 2024-A                                                      | MBALT 24-A A3 5.32% 01-18-28/02-16-27                                            | CUSIP: 58770JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4770000 | PA      | $4822698.96    | 0.04%             | 2028-01-18      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| MAGNE 2019-22A                                                    | MAGNE 19-22 ARR CLO 144A FRN (TSFR3M +125) 07-15-36                              | CUSIP: 55954HAW2<br>LEI: 5493000081NBXWGGSW23 | Long             | ABS-O            | CORP              | US        |   2771000 | PA      | $2773574.26    | 0.02%             | 2036-07-15      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD MASTER TRUST MFCC_24-2              | MFCC 24-2 A 144A 6.56% 07-20-29/26                                               | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11873000 | PA      | $11976722.53   | 0.10%             | 2029-07-20      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC MFF_24-1                              | MFF 24-1 A 144A 5.82% 04-20-37/07-20-27                                          | CUSIP: 588926AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14886221 | PA      | $14981552.30   | 0.12%             | 2037-04-20      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| MISSION LANE CREDIT MASTER TRUST MLANE_24-A                       | MLANE 2024-A 144A 6.2% 08-15-29/06-15-26                                         | CUSIP: 60510MAY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16670000 | PA      | $16814012.13   | 0.13%             | 2029-08-15      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| M&T EQUIPMENT NOTES MTLRF_24-1                                    | MTLRF 24-1 A3 144A 4.76% 08-18-31                                                | CUSIP: 55376YAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6103000 | PA      | $6132562.93    | 0.05%             | 2031-08-18      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| MARBLE POINT CLO XV LTD MP15_19-1A                                | MP15 19-1 BR2 CLO 144A FRN (TSFR3M+160) 07-23-32                                 | CUSIP: 56606YBA2<br>LEI: 549300CO8XB55W8SS394 | Long             | ABS-O            | CORP              | KY        |   1250000 | PA      | $1251950.00    | 0.01%             | 2032-07-23      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MARBLE POINT CLO XV LTD MP15_19-1A                                | MP15 19-1 A1R2 CLO 144A FRN (TSFR3M+104) 07-23-32                                | CUSIP: 56606YAW5<br>LEI: 549300CO8XB55W8SS394 | Long             | ABS-O            | CORP              | KY        |  17907452 | PA      | $17890207.14   | 0.14%             | 2032-07-23      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| MARATHON CLO LTD MCLO_19-2A                                       | MCLO 19-2 A1R2 CLO 144A FRN (TSFR3M+95) 01-20-33                                 | CUSIP: 56578HAY2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14590703 | PA      | $14524460.85   | 0.12%             | 2033-01-20      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-A                               | NSLT 21-A APT1 144A 1.36% 04-20-62                                               | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7143484 | PA      | $6659512.66    | 0.05%             | 2062-04-20      | Fixed         | 1.36%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_21-C                   | NAVSL 21-C A 144A 1.06% 10-15-69/09-15-28                                        | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4140568 | PA      | $3709816.68    | 0.03%             | 2069-10-15      | Fixed         | 1.06%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-B                               | NSLT 21-B AFX 144A 1.42% 04-20-62                                                | CUSIP: 64034QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14270685 | PA      | $13300178.90   | 0.11%             | 2062-04-20      | Fixed         | 1.42%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST NAVSL_21-E              | NAVSL 21-EA A 144A 0.97% 12-16-69/12-15-28                                       | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1913819 | PA      | $1704345.49    | 0.01%             | 2069-12-16      | Fixed         | 0.97%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST NSLT_21-C                               | NSLT 21-CA AFX 144A 1.32% 04-20-62                                               | CUSIP: 64035GAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9086054 | PA      | $8459779.15    | 0.07%             | 2062-04-20      | Fixed         | 1.32%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_21-F                   | NAVSL 21-FA A 1.11% 02-18-70/05-15-29                                            | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3805301 | PA      | $3352724.78    | 0.03%             | 2070-02-18      | Fixed         | 1.11%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_21-G                   | NAVSL 21-G A 144A 1.58% 04-15-70                                                 | CUSIP: 63942KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8364707 | PA      | $7522673.79    | 0.06%             | 2070-04-15      | Fixed         | 1.58%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_20-D                   | NAVSL 20-D A 144A 1.69% 05-15-69/10-15-27                                        | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    742555 | PA      | $696875.35     | 0.01%             | 2069-05-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| NMEF 2024-A                                                       | NMEF 24 A2 144A 5.15% 12-15-31/10-15-27                                          | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16671866 | PA      | $16725149.05   | 0.13%             | 2031-12-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| NMEF 2025-A                                                       | NMEF 25-A A2 144A 4.72% 07-15-32                                                 | CUSIP: 62919VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12733000 | PA      | $12719643.08   | 0.10%             | 2032-07-15      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| NSLT 2025-AA                                                      | NSLT 25-A A1A 144A 5.07% 03-15-57                                                | CUSIP: 64033XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9887876 | PA      | $9876535.06    | 0.08%             | 2057-03-15      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| NEWARK BSL CLO NBCLO_17-1A                                        | NBCLO 2017-1A A1R 144A FRN (TSFR3M+123.16) 07-25-30                              | CUSIP: 65023PAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2390736 | PA      | $2392278.47    | 0.02%             | 2030-07-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST NAVSL_21-B                   | NAVSL 21-B A 144A 0.94% 07-15-69/06-15-28                                        | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1023958 | PA      | $926653.57     | 0.01%             | 2069-07-15      | Fixed         | 0.94%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN FUNDING LLC OPTN_21-B                                     | OPTN 21-B A 144A 1.47% 05-08-31/05-01-24                                         | CUSIP: 68377GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3456434 | PA      | $3366566.41    | 0.03%             | 2031-05-08      | Fixed         | 1.47%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO LTD OCP_19-16A                                            | OCP 19-16A AR CLO 144A FRN (TSFR3M +126.16) 04-10-33                             | CUSIP: 67570QAK7<br>LEI: 254900XAI48J82ID5O83 | Long             | ABS-O            | CORP              | US        |   2825280 | PA      | $2829082.79    | 0.02%             | 2033-04-10      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| OHA CREDIT FUNDING LTD OAKC_23-15                                 | OAKC 23-15 B1 CLO 144A FRN (TSFR3M+250) 04-20-35                                 | CUSIP: 67116TAC0<br>LEI: 254900MHWPYZW4W7ZB76 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3004359.00    | 0.02%             | 2035-04-20      | Variable      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC ONDK_24-2                   | ONDK 24-2 A 144A 4.98% 10-17-31/10-18-27                                         | CUSIP: 67108SAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6093000 | PA      | $6041026.71    | 0.05%             | 2031-10-17      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| OWLEF 2024-1A                                                     | OLWEF 24-1 B 144A 5.41% 03-15-30/06-15-27                                        | CUSIP: 095921AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $191300.36     | 0.00%             | 2030-03-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| OWLEF 2024-1A                                                     | OLWEF 24-1 A2 144A 5.05% 03-15-29/01-15-27                                       | CUSIP: 095921AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8315843 | PA      | $8325472.71    | 0.07%             | 2029-03-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| ONDK 2025-1A                                                      | ONDK 25-1 A 144A 5.08% 04-19-32/4-17-28                                          | CUSIP: 68237DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5480000 | PA      | $5429030.52    | 0.04%             | 2032-04-19      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| PRDGY 2021-1A                                                     | PRDGY 21-1A A 144A FRN (TSFR1M+136.45) 07-25-51                                  | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | US        |    438091 | PA      | $438103.29     | 0.00%             | 2051-07-25      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD PSTAT_21-4                         | PSTAT 21-4A A1 CLO 144A FRN (TSFR3M+106.16) 10-15-29                             | CUSIP: 69702HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1353336 | PA      | $1352928.77    | 0.01%             | 2029-10-15      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD PSTAT_21-4                         | PSTAT 21-4A A2 CLO 144A FRN (TSFR3M+166.16) 10-15-29                             | CUSIP: 69702HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4278000 | PA      | $4282115.44    | 0.03%             | 2029-10-15      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING LTD PSTAT_22-1A                        | PSTAT 22-1A A1 CLO 144A FRN (TSFR3M+105) 04-15-30                                | CUSIP: 69701CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    969343 | PA      | $968594.28     | 0.01%             | 2030-04-15      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| PFS FINANCING CORP PFSFC_22-D                                     | PFSFC 22-D A 144A 4.27% 08-16-27/08-15-25                                        | CUSIP: 69335PEP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5455000 | PA      | $5450586.91    | 0.04%             | 2027-08-16      | Fixed         | 4.27%                 | Yes           |                  2 | On Loan: No      |
| PIKES PEAK CLO PIPK_23-14                                         | PIPK 23-14 A1 CLO 144A FRN (TSFR3M+195) 04-20-36                                 | CUSIP: 72134CAA9<br>LEI: 213800AO7LGLGDRRY278 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3002961.00    | 0.02%             | 2036-04-20      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| PFSFC_23-A                                                        | PFSFC 23-A A 144A 5.8% 03-15-28/03-16-26                                         | CUSIP: 69335PET8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10653000 | PA      | $10753500.40   | 0.09%             | 2028-03-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| PFS FINANCING CORP PFSFC_23-B                                     | PFSFC 23-B A 144A 5.27% 05-15-28/26                                              | CUSIP: 69335PEV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7722000 | PA      | $7776617.71    | 0.06%             | 2028-05-15      | Fixed         | 5.27%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST CAS_22-R03                    | CAS 2022-R03 1M1 144A FRN 03-25-42                                               | CUSIP: 20753XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1616663 | PA      | $1643860.40    | 0.01%             | 2042-03-25      | Variable      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| CIM TRUST CIM_22-R2                                               | CIM 22-R2 A1 144A FRN 12-25-61                                                   | CUSIP: 12567NAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7897944 | PA      | $7473824.21    | 0.06%             | 2061-12-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| CIM TRUST CIM_18-R3                                               | CIM 18-R3 A1 144A FRN 12-25-57                                                   | CUSIP: 12553WAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    668590 | PA      | $666230.80     | 0.01%             | 2057-12-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST CSMC_22-ATH3                         | CSMC 22-ATH3 A1 144A FRN 08-25-67                                                | CUSIP: 12664AAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5871243 | PA      | $5853083.69    | 0.05%             | 2067-08-25      | Variable      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| CASCADE FUNDING MORTGAGE TRUST CFMT_23-HB12                       | CFMT 23-HB12 A 144A FRN 4.25% 04-25-33                                           | CUSIP: 12530QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5032981 | PA      | $4984598.82    | 0.04%             | 2033-04-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| COLT MORTGAGE LOAN TRUST COLT_23-1                                | COLT 23-1 A1 144A 6.048% 04-25-68/04-01-27                                       | CUSIP: 19688NAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7278006 | PA      | $7295669.75    | 0.06%             | 2068-04-25      | Variable      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| CAS 2025-R02                                                      | CAS 25-R02 1A1 144A FRN (SOFR30A+100) 02-25-45                                   | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3405049 | PA      | $3403039.75    | 0.03%             | 2045-02-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| CAS 2025-R02                                                      | CAS 25-R02 1M-1 144A FRN (SOFR30A+115) 02-25-45                                  | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2562086 | PA      | $2561458.46    | 0.02%             | 2045-02-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| CIM 2023-R1                                                       | CIM 23-R1 A1A 144A FRN 04-25-62                                                  | CUSIP: 12569RAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12281125 | PA      | $12144264.16   | 0.10%             | 2062-04-25      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST DC_23-DC                             | DC 23-DC A 144A 6.3143% 09-10-40/09-11-28                                        | CUSIP: 24023AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5393000 | PA      | $5576502.22    | 0.04%             | 2040-09-10      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST ESA_21-ESH                            | ESA 2021-ESH A 144A FRN 07-15-38                                                 | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9107353 | PA      | $9112790.23    | 0.07%             | 2038-07-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                              | ELM 2024-ELM B10 144A FRN 06-10-39/06-11-27                                      | CUSIP: 26860XBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5283000 | PA      | $5325945.51    | 0.04%             | 2039-06-10      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                              | ELM 24-ELM A15 144A FRN 06-10-39/06-11-27                                        | CUSIP: 26860XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4339000 | PA      | $4386008.73    | 0.03%             | 2039-06-10      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                              | ELM 24-ELM A10 144A FRN 06-10-39/06-11-27                                        | CUSIP: 26860XAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3942000 | PA      | $3984707.63    | 0.03%             | 2039-06-10      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| ELM TRUST ELM_24-ELM                                              | ELM 24-ELM B15 144A FRN 06-10-39/06-11-27                                        | CUSIP: 26860XAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4744000 | PA      | $4780822.93    | 0.04%             | 2039-06-10      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_K048-A2            | FHMS K048 A2 (MF) 3.284% 06-25-25                                                | CUSIP: 3137BLAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    910676 | PA      | $907987.61     | 0.01%             | 2025-06-25      | Variable      | 3.28%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHLMC_K054              | FHMS K054 A2 (MF) 2.745% 01-25-26                                                | CUSIP: 3137BNGT5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |    366628 | PA      | $362234.22     | 0.00%             | 2026-01-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_K049               | FHMS K049 A2 (MF) 3.01% 07-25-25                                                 | CUSIP: 3137BLMZ8<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1321243 | PA      | $1317210.31    | 0.01%             | 2025-07-25      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHLMC_K057              | FHMS K057 A2 (MF) 2.57% 07-25-26                                                 | CUSIP: 3137BRQJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |     29908 | PA      | $29354.03      | 0.00%             | 2026-07-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| FHLMC MULTIFAMILY STRUCTURED PASS THROUGH FHMS_K052               | FHMS K052 A2 (MF) 3.151% 11-25-25                                                | CUSIP: 3137BMTX4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGA              | US        |   1980678 | PA      | $1967133.85    | 0.02%             | 2025-11-25      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNARM FRN 555538 05-01-33                                                        | CUSIP: 31385XEK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    100018 | PA      | $102133.78     | 0.00%             | 2033-05-01      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 848751 06-01-36                                                        | CUSIP: 31300LWL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     60232 | PA      | $62356.14      | 0.00%             | 2036-06-01      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 760014 08-01-45                                                        | CUSIP: 31342WAP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    350394 | PA      | $347991.66     | 0.00%             | 2045-08-01      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 848365 07-01-36                                                        | CUSIP: 31300LJJ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    241649 | PA      | $248600.79     | 0.00%             | 2036-07-01      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 1L1292 01-01-36                                                        | CUSIP: 3128Q3NH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    277196 | PA      | $285280.80     | 0.00%             | 2036-01-01      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                             | FNARM FRN 888521 03-01-34                                                        | CUSIP: 31410GD26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    213035 | PA      | $218915.97     | 0.00%             | 2034-03-01      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 782818 11-01-34                                                        | CUSIP: 31349UDX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    113782 | PA      | $117157.27     | 0.00%             | 2034-11-01      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHLMC POOL #781228 ARH10 3.689% 02-01-34                                         | CUSIP: 31349SLH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    165611 | PA      | $169207.21     | 0.00%             | 2034-02-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                   | FHARM FRN 1H2524 08-01-35                                                        | CUSIP: 3128QLPH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    292187 | PA      | $302339.88     | 0.00%             | 2035-08-01      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_25-2                         | AESOP 2025-2A A 144A 5.12% 08-20-31                                              | CUSIP: 05377RKQ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8652000 | PA      | $8775169.87    | 0.07%             | 2031-08-20      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| AXIS 2025-1A                                                      | AXIS 25-1 A2 144A 4.7% 09-22-31/01-22-29                                         | CUSIP: 03237FAB1<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |   6199000 | PA      | $6220262.57    | 0.05%             | 2031-09-22      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_20-1A                        | AESOP 2020-1A A 144A 2.33% 08-20-26                                              | CUSIP: 05377RDU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $622988.75     | 0.00%             | 2026-08-20      | Fixed         | 2.33%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING AESOP_20-2                         | AESOP 2020-2A A 144A 2.02% 02-20-27                                              | CUSIP: 05377RDY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18269000 | PA      | $18002309.14   | 0.14%             | 2027-02-20      | Fixed         | 2.02%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST BHG_21-A                                 | BHG 21-A A 144A 1.42% 11-17-33                                                   | CUSIP: 08861YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    761005 | PA      | $746765.76     | 0.01%             | 2033-11-17      | Fixed         | 1.42%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST BHG_21-B                                 | BHG 21-B B 144A 1.67% 10-17-34                                                   | CUSIP: 08862BAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540282 | PA      | $527838.76     | 0.00%             | 2034-10-17      | Fixed         | 1.67%                 | Yes           |                  2 | On Loan: No      |
| BETONY CLO 2 LTD BTNY2_18-1A                                      | BTNY2 18-1 A2 CLO 144A FRN (TSFR3M+186.16) 04-30-31                              | CUSIP: 08763QAC6<br>LEI: 5493000QRX4XEMRJZO43 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $701619.10     | 0.01%             | 2031-04-30      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CREDIT CARD TRUST BACCT_22-A2                     | BACCT 2022-A2 A2 5.0% 04-17-28                                                   | CUSIP: 05522RDF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9593000 | PA      | $9612569.72    | 0.08%             | 2028-04-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARINGS CLO LTD BABSN_23-1                                        | BABSN 2023-1A C CLO 144A FRN 04-20-36                                            | CUSIP: 06762HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1000000 | PA      | $1000000.00    | 0.01%             | 2036-04-20      | Variable      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| BARINGS CLO LTD BABSN_21-3                                        | BABSN 21-3 A CLO 144A FRN (TSFR3M+141.16) 01-18-35                               | CUSIP: 06762TAA9<br>LEI: 549300V1VT2NXKFG0H98 | Long             | ABS-O            | CORP              | KY        |   1500000 | PA      | $1502955.00    | 0.01%             | 2035-01-18      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| BLUEM 2021-28A                                                    | BLUEM 21-28A A 144A FRN (TSFR3M+152.161) 04-15-34                                | CUSIP: 09630PAA1<br>LEI: 5493001GLQHON6UV2U40 | Long             | ABS-O            | CORP              | US        |   1110000 | PA      | $1111468.53    | 0.01%             | 2034-04-15      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| BIRCH GROVE CLO LTD BGCLO_23-6                                    | BGCLO 23-6 A1 CLO 144A FRN (TSFR3M+220) 07-20-35                                 | CUSIP: 09077FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1975000 | PA      | $1976348.93    | 0.02%             | 2035-07-20      | Variable      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_23-1          | BLAST 23-1 A3  6.51% 11-15-27/08-15-25                                           | CUSIP: 108056AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3042818 | PA      | $3052482.34    | 0.02%             | 2027-11-15      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-1          | BLAST 24-1 B 5.43% 08-15-28/04-15-26                                             | CUSIP: 107933AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1507000 | PA      | $1511772.67    | 0.01%             | 2028-08-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-1          | BLAST 24-1 A3 5.53% 01-18-28/10-15-25                                            | CUSIP: 107933AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5853837 | PA      | $5863530.96    | 0.05%             | 2028-01-18      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| BALLYROCK LTD BALLY_19-2A                                         | BALLY 19-2A A1RR CLO 144A FRN (TSFR3M+140) 02-20-36                              | CUSIP: 05875MAX0<br>LEI: 254900IF22Z7SA13VI60 | Long             | ABS-O            | CORP              | US        |  24200000 | PA      | $24262944.20   | 0.19%             | 2036-02-20      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| BREX COMMERCIAL CHARGE CARD MASTER TRUST BREX_24-1                | BREX 24-1 A1 144A 6.05% 07-15-27/03-16-26                                        | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7035000 | PA      | $7093474.92    | 0.06%             | 2027-07-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CREDIT CARD TRUST BACCT_24-A1                     | BACCT 24-A1 A 4.93% 05-15-29/05-17-27                                            | CUSIP: 05522RDJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9889000 | PA      | $10020286.36   | 0.08%             | 2029-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| BRIDGECREST LENDING AUTO SECURITIZATION TRUST BLAST_24-2          | BLAST 24-2 A3 5.84% 06-15-28/03-16-26                                            | CUSIP: 10805MAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14000000 | PA      | $14060298.00   | 0.11%             | 2028-06-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                        | ABBVIE INC SR UNSEC 4.8% 03-15-27                                                | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13128453.00   | 0.10%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                        | ABBVIE INC SR UNSEC 4.8% 03-15-29                                                | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10147300.00   | 0.08%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                               | AMERICAN EXPRESS CO SR UNSEC 5.645% 04-23-27/26                                  | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  18000000 | PA      | $18165600.00   | 0.14%             | 2027-04-23      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                                             | ACCENTURE CAPITAL INC SR UNSEC 3.9% 10-04-27                                     | CUSIP: 00440KAA1<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $11419902.50   | 0.09%             | 2027-10-04      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORPORATION                                | AMERICAN HONDA FINANCE CORP SR UNSEC 4.8% 03-05-30                               | CUSIP: 02665WFY2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  16702000 | PA      | $16731746.26   | 0.13%             | 2030-03-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                               | AMERICAN EXPRESS CO SR UNSEC 4.731% 04-25-29/28                                  | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9052065.00    | 0.07%             | 2029-04-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                      | ALPHABET INC SR UNSEC 4.0% 05-15-30                                              | CUSIP: 02079KAK3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |  16775000 | PA      | $16607904.23   | 0.13%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                            | CHUBB INA HOLDINGS LLC SR UNSEC 3.35% 05-03-26                                   | CUSIP: 00440EAV9<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1262752.35    | 0.01%             | 2026-05-03      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                                     | AIB GROUP PLC 144A LIFE SR UNSEC 7.583% 10-14-26/25                              | CUSIP: 00135TAC8<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |  20000000 | PA      | $20203140.00   | 0.16%             | 2026-10-14      | Variable      | 7.58%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                               | AMERICAN EXPRESS CO SR UNSEC 4.9% 02-13-26                                       | CUSIP: 025816DC0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1252510.00    | 0.01%             | 2026-02-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                         | APPLE INC SR UNSEC 4.0% 05-10-28                                                 | CUSIP: 037833ET3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7510395.00    | 0.06%             | 2028-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                               | AMERICAN EXPRESS CO SR UNSEC 6.489% 10-30-31/30                                  | CUSIP: 025816DN6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   4522000 | PA      | $4890719.36    | 0.04%             | 2031-10-30      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                  | BANK OF MONTREAL SR UNSEC 4.567% 09-10-27/26                                     | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9994880.00    | 0.08%             | 2027-09-10      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                              | BANK OF AMERICA CORP SR UNSEC 5.162% 01-24-31/30                                 | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15226860.00   | 0.12%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                              | BANK OF AMERICA CORP SR UNSEC 4.979% 01-24-29/28                                 | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5049955.00    | 0.04%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                | BMW US CAPITAL LLC 144A LIFE SR UNSEC 5.05% 03-21-30                             | CUSIP: 05565ECY9<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10085350.00   | 0.08%             | 2030-03-21      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP PLC                                         | BANK OF IRELAND GROUP PLC 144A LIFE SR UNSEC 6.253% 09-16-26/25                  | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |  10000000 | PA      | $10038030.00   | 0.08%             | 2026-09-16      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                           | BPCE SA 144A LIFE SR NON PREF 5.975% 01-18-27/26                                 | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $10063390.00   | 0.08%             | 2027-01-18      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                              | BANK OF AMERICA CORP SR UNSEC 5.08% 01-20-27/26                                  | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2505645.00    | 0.02%             | 2027-01-20      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FINANCE (USA) LTD                                    | BHP BILLITON FINANCE USA LTD SR UNSEC 4.875% 02-27-26                            | CUSIP: 055451AY4<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   8000000 | PA      | $8024216.00    | 0.06%             | 2026-02-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BMARK 2025-V14                                                    | BMARK 25-V14 A4 5.6599% 04-15-58/03-15-30                                        | CUSIP: 08164BAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5241000 | PA      | $5422658.30    | 0.04%             | 2058-04-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR14                                                  | BANK5 25-5YR14 A3 5.646% 04-15-58/04-17-30                                       | CUSIP: 06604MAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8000000 | PA      | $8275400.00    | 0.07%             | 2058-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BBCMS 2025-5C34                                                   | BBCMS 25-5C34 A3 5.659% 05-15-58/04-17-30                                        | CUSIP: 07337BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5654000 | PA      | $5849764.10    | 0.05%             | 2058-05-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_23-N3                        | CRVNA 23-N3 A 144A 6.41% 09-10-27/08-11-25                                       | CUSIP: 14686RAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    408782 | PA      | $409727.01     | 0.00%             | 2027-09-10      | Fixed         | 6.41%                 | Yes           |                  2 | On Loan: No      |
| CHESAPEAKE FUNDING II LLC CFII_23-2                               | CFII 23-2 A1 144A 6.16% 10-15-35/11-16-26                                        | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   3341849 | PA      | $3383538.10    | 0.03%             | 2035-10-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_23-N4                        | CRVNA 23-N4 A 144A 6.42% 01-10-28/12-10-25                                       | CUSIP: 14688LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2158684 | PA      | $2168987.32    | 0.02%             | 2028-01-10      | Fixed         | 6.42%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-C                                                        | CPS 24-C A 144A 5.88% 02-15-28/11-17-25                                          | CUSIP: 223920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1835345 | PA      | $1842458.46    | 0.01%             | 2028-02-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-C                                                        | CPS 24-C B 144A 5.68% 12-15-28/06-15-26                                          | CUSIP: 223920AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6054000 | PA      | $6099665.32    | 0.05%             | 2028-12-15      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| CPTRS 2024-1A                                                     | CPTRS 24-1 A2 144A 5.58% 07-20-32/11-20-28                                       | CUSIP: 14077AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20934774 | PA      | $21170457.33   | 0.17%             | 2032-07-20      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-4                                 | CHAOT 24-4 144A 4.94% 07-25-29/01-25-28                                          | CUSIP: 16144YAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6236000 | PA      | $6280013.69    | 0.05%             | 2029-07-25      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-4                                 | CHAOT 24-4 A2 144A 5.25% 09-27-27/04-27-26                                       | CUSIP: 16144YAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8381838 | PA      | $8401577.27    | 0.07%             | 2027-09-27      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CARMX 2024-3                                                      | CARMX 24-3 A3 4.89% 07-16-29/05-15-28                                            | CUSIP: 14319GAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15911000 | PA      | $16033657.90   | 0.13%             | 2029-07-16      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-3                                                      | CARMX 24-3 B 5.08% 02-15-30/06-15-28                                             | CUSIP: 14319GAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2472000 | PA      | $2505006.14    | 0.02%             | 2030-02-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| CLARUS 2024-1A                                                    | CLARUS 24-1 A2 144A 4.71% 08-20-32/05-20-27                                      | CUSIP: 18271JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11889490 | PA      | $11886362.86   | 0.09%             | 2032-08-20      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-5                                 | CHAOT 24-5 A2 144A 4.4% 11-26-27/06-25-26                                        | CUSIP: 16144QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13600146 | PA      | $13584056.96   | 0.11%             | 2027-11-26      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST CHAOT_24-5                                 | CHAOT 24-5 A3 144A 4.18% 08-27-29/03-27-28                                       | CUSIP: 16144QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4980075.00    | 0.04%             | 2029-08-27      | Fixed         | 4.18%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-D                                                        | CPS 24-D B 144A 4.65% 03-15-29/10-15-26                                          | CUSIP: 22411JAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    597000 | PA      | $596118.83     | 0.00%             | 2029-03-15      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| CPS 2024-D                                                        | CPS 24-D A 144A 4.91% 06-15-28/03-16-26                                          | CUSIP: 22411JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4638839 | PA      | $4641529.08    | 0.04%             | 2028-06-15      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| CARMX 2024-4                                                      | CARMX 24-4 A2A 4.67% 12-15-27                                                    | CUSIP: 14290DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8922254 | PA      | $8925537.31    | 0.07%             | 2027-12-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST CRVNA_24-N3                        | CRVNA 24-N3 A3 144A 4.53% 01-10-29/12-10-26                                      | CUSIP: 14687WAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2996568.00    | 0.02%             | 2029-01-10      | Fixed         | 4.53%                 | Yes           |                  2 | On Loan: No      |
| CAALT 2024-1A                                                     | CAALT 24-1 A 144A 5.68% 03-15-34                                                 | CUSIP: 22537GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1665000 | PA      | $1684733.58    | 0.01%             | 2034-03-15      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| CARMX 2025-1                                                      | CARMX 25-1 A2A 4.63% 03-15-28/11-16-26                                           | CUSIP: 14319WAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2999850.00    | 0.02%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CLAST 2025-1A                                                     | CLAST 25-1 A 144A 5.783% 02-15-50/02-17-32                                       | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1345681 | PA      | $1354412.06    | 0.01%             | 2050-02-15      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST CCG_23-1                                    | CCG 23-1 B 144A 5.99% 09-16-30/09-14-26                                          | CUSIP: 12512XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6085932.00    | 0.05%             | 2030-09-16      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST CCG_23-1                                    | CCG 23-1 A2 144A 5.82% 09-16-30/07-14-26                                         | CUSIP: 12512XAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3375581 | PA      | $3394180.31    | 0.03%             | 2030-09-16      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| CPS 2025-B                                                        | CPS 25-B B 144A 4.79% 11-15-29/05-17-27                                          | CUSIP: 12630SAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3214000 | PA      | $3212322.29    | 0.03%             | 2029-11-15      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST GMCAR_23-3     | GMCAR 23-3 A3 5.45% 06-16-28/01-19-27                                            | CUSIP: 36267KAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7947213 | PA      | $7998170.09    | 0.06%             | 2028-06-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO LTD GOCAP_21-57A                       | GOCAP 21-57 A1 CLO 144A (TSFR3M+175.2) FRN 10-25-34                              | CUSIP: 38179AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4000000 | PA      | $3999884.00    | 0.03%             | 2034-10-25      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST GMALT_23-3                  | GMALT 23-3 A3 5.38% 11-20-26/12-22-25                                            | CUSIP: 379929AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2133363 | PA      | $2137866.98    | 0.02%             | 2026-11-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** Short-Term Bond Fund of America

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Lead Analyst