# EDGAR Filing Document

**Accession Number:** 0001392116
**File Stem:** 0000940400-25-012026
**Filing Date:** 2025-11
**Character Count:** 263207
**Document Hash:** 80fd3d11d1cfa2d99b8fb238fa73cf6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-012026.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000940400-25-012026

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Voya Separate Portfolios Trust
- **CENTRAL INDEX KEY:** 0001392116

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22025
- **FILM NUMBER:** 251536073

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 800-992-0180

**MAIL ADDRESS:**
- **STREET 1:** 7337 EAST DOUBLETREE RANCH ROAD
- **STREET 2:** STE 100
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85258-2034

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING Separate Portfolios Trust
- **DATE OF NAME CHANGE:** 20070306

## Series and Classes Contracts Data

### Voya Securitized Credit Fund (Series ID: S000046242)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000159005 | Class A      | VCFAX           |
| C000159006 | Class I      | VCFIX           |
| C000191194 | Class W      | VSCWX           |
| C000221175 | Class R6     | VCFRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Voya Separate Portfolios Trust

- **b. Investment Company Act file number:** 811-22025

- **c. CIK number of Registrant:** 0001392116

- **d. LEI of Registrant:** 549300ZK3E04XAD4QG44

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

  - **Street Address 1:** 7337 East Doubletree Ranch Road

  - **City:** Scottsdale

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85258

  - **Telephone number:** 1-800-992-0180

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

- **a. Name of Series:** VOYA SECURITIZED CREDIT FUND

- **b. EDGAR series identifier (if any):** S000046242

- **c. LEI of Series:** 549300IRVV55AI1KRN67

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $878703722.90

**Total Liabilities:** $14626988.38

**Net Assets:** $864076734.52

**Delayed Delivery Securities:** $9857645.59

**Cash Not Reported:** $297991.30

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 350.09311000 | **1-Year:** 29497.54675000 | **5-Year:** 150907.44300000 | **10-Year:** 70140.37944000 | **30-Year:** 597.83764000

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

- **3-Month:** 224.08086000 | **1-Year:** 21273.00370000 | **5-Year:** 50728.33531000 | **10-Year:** 19089.82565000 | **30-Year:** 3412.85271000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000191194 | 0.03%                | 1.30%                | 0.45%                |
| Class ID C000159005 | 0.01%                | 1.28%                | 0.43%                |
| Class ID C000221175 | 0.04%                | 1.31%                | 0.46%                |
| Class ID C000159006 | 0.04%                | 1.31%                | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1248102.91              | $-1957313.28                               |
| Month 2  | $662502.96               | $4271297.40                                |
| Month 3  | $1184651.45              | $-516528.37                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-8                                                  | CUSIP: 46650MBG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    825841 | PA      | $765079.75    | 0.09%             | 2049-01-25      | Variable      | 4.03%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2023-DELC                                                               | CUSIP: 05610DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2268628.65   | 0.26%             | 2038-05-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2005-AR13 Trust                   | CUSIP: 92922F4V7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150951 | PA      | $148272.26    | 0.02%             | 2045-10-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                                     | CUSIP: 36459DCQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1636839.60   | 0.19%             | 2052-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2021-GSA3                                           | CUSIP: 36263UAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $261833.75    | 0.03%             | 2054-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                                     | CUSIP: 36459DBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68350 | PA      | $67360.79     | 0.01%             | 2048-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2018-4                                                   | CUSIP: 33851LAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875069 | PA      | $809184.10    | 0.09%             | 2048-07-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2019-INV2 Trust                                                              | CUSIP: 67112VBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101051 | PA      | $94788.80     | 0.01%             | 2049-05-27      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                                     | CUSIP: 36459DCE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3694169.40   | 0.43%             | 2050-11-27      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2024-5C27                                                   | CUSIP: 05555FAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2695792.80   | 0.31%             | 2057-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus              | CSAIL 2017-CX10 Commercial Mortgage Trust                                        | CUSIP: 12595JAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16406000 | PA      | $316462.72    | 0.04%             | 2050-11-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-SDMF                                                               | CUSIP: 12434CAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2231783 | PA      | $2223122.82   | 0.26%             | 2034-09-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust                 | Cherry Securitization Trust 2025-1                                               | CUSIP: 16473RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2339069.87   | 0.27%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-8                                                  | CUSIP: 46652TCK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    904712 | PA      | $797571.97    | 0.09%             | 2051-03-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2019-2                                                | CUSIP: 46650TAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23475 | PA      | $22266.57     | 0.00%             | 2049-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2022-LBA6                                                               | CUSIP: 12433EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2000353.80   | 0.23%             | 2039-01-15      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                  | MFA 2020-NQM3 Trust                                                              | CUSIP: 552757AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163511 | PA      | $156423.98    | 0.02%             | 2065-01-26      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust 2024-8                                         | CUSIP: 16159XBG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    986951 | PA      | $1031270.66   | 0.12%             | 2055-08-25      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2021-SOAR                                           | CUSIP: 05608WAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    876738 | PA      | $877430.78    | 0.10%             | 2038-06-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC               | UWM Mortgage Trust 2021-INV5                                                     | CUSIP: 90355DBJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3146800 | PA      | $2641071.13   | 0.31%             | 2052-01-25      | Variable      | 3.23%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-8                                                    | CUSIP: 81749WCL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2266000 | PA      | $1836232.71   | 0.21%             | 2055-09-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2023-2                                                | CUSIP: 46656DDF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1759669 | PA      | $1678352.73   | 0.19%             | 2053-07-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC              | SUNNOVA HELIOS II ISSUER LLC 2018-1                                              | CUSIP: 86745JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1132611 | PA      | $1023731.18   | 0.12%             | 2048-07-20      | Fixed         | 7.71%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2023-3                                                    | CUSIP: 816943BC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    985625 | PA      | $980478.26    | 0.11%             | 2053-09-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC               | UWM Mortgage Trust 2021-INV4                                                     | CUSIP: 918307BH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    962375 | PA      | $791413.71    | 0.09%             | 2051-12-25      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga              | MF1 2025-FL20 LLC                                                                | CUSIP: 59319CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1507031.10   | 0.17%             | 2043-02-18      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | J.P. Morgan Chase Commercial Mortgage Securities Trust 2024-OMNI                 | CUSIP: 46593JAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $999462.70    | 0.12%             | 2039-10-05      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                      | GSAA Home Equity Trust 2006-14                                                   | CUSIP: 36298YAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2204037 | PA      | $652834.53    | 0.08%             | 2036-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Trust 2015-3                                                           | CUSIP: 46644MAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    304384 | PA      | $287237.46    | 0.03%             | 2045-05-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| NXPT Commercial Mortgage Trust              | NXPT Commercial Mortgage Trust 2024-STOR                                         | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3550747.20   | 0.41%             | 2041-11-05      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2006-AR16 Trust                   | CUSIP: 92925GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    532208 | PA      | $488789.63    | 0.06%             | 2036-12-25      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus              | CSAIL 2020-C19 Commercial Mortgage Trust                                         | CUSIP: 12597NAY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $819358.30    | 0.09%             | 2053-03-15      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137H2NZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9015702 | PA      | $671070.23    | 0.08%             | 2036-08-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R04                                     | CUSIP: 20753GAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1505158.20   | 0.17%             | 2044-05-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-LUNR                                                               | CUSIP: 05594CAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2580080 | PA      | $2593531.26   | 0.30%             | 2040-06-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC              | Sunnova Helios XII Issuer LLC                                                    | CUSIP: 86745YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1540483 | PA      | $1146404.22   | 0.13%             | 2050-08-22      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2015-4                                                  | CUSIP: 46644VBT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1264067 | PA      | $915321.39    | 0.11%             | 2045-06-25      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fun              | Bayview MSR Opportunity Master Fund Trust 2021-INV5                              | CUSIP: 07336JCL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1273217 | PA      | $1097709.61   | 0.13%             | 2051-11-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2024-5C29                                                   | CUSIP: 05555PAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1766270.00   | 0.20%             | 2057-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd                                   | CBAMR 2019-9 Ltd                                                                 | CUSIP: 14987VAU3<br>LEI: 254900Q3N8LV0KJICN72 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5031505.00   | 0.58%             | 2037-07-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LL              | Domino's Pizza Master Issuer LLC                                                 | CUSIP: 25755TAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    905280 | PA      | $872648.82    | 0.10%             | 2049-10-25      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Trust 2015-1                                                           | CUSIP: 46643UDQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    447043 | PA      | $438419.11    | 0.05%             | 2044-12-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| CFK Trust                                   | CFK Trust 2020-MF2                                                               | CUSIP: 12529AAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1810125.20   | 0.21%             | 2039-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2020-BNK27                                                                  | CUSIP: 06539XAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  36649861 | PA      | $1464193.11   | 0.17%             | 2063-04-15      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                                | CUSIP: 36257QAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    806379 | PA      | $749537.98    | 0.09%             | 2050-03-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer L              | Planet Fitness Master Issuer LLC                                                 | CUSIP: 72703PAG8<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   6336000 | PA      | $6472524.33   | 0.75%             | 2054-06-05      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2020-1 Trust                              | CUSIP: 95002KBK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1291088 | PA      | $1138728.90   | 0.13%             | 2049-12-25      | Variable      | 3.36%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                                | CUSIP: 36257QAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2135325 | PA      | $1984806.64   | 0.23%             | 2050-03-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    885455 | PA      | $889389.42    | 0.10%             | 2039-02-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove CLO 12 Ltd                                                           | CUSIP: 09090NAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1252638.75   | 0.14%             | 2038-04-22      | Floating      | 9.29%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2007-HY1 Trust                    | CUSIP: 92925VAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290388 | PA      | $249901.87    | 0.03%             | 2037-02-25      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| BBCCRE Trust                                | BBCCRE Trust 2015-GTP                                                            | CUSIP: 05490TAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 103000000 | PA      | $3661.65      | 0.00%             | 2033-08-10      | Variable      | 0.31%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2004-AR4 Trust                    | CUSIP: 92922FPT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224941 | PA      | $220444.66    | 0.03%             | 2034-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Helios Issuer VI, LLC                       | SUNNOVA HELIOS II ISSUER LLC 2021-B                                              | CUSIP: 86744TAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4587513 | PA      | $3385782.96   | 0.39%             | 2048-07-20      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B4 Mortgage Trust                                                 | CUSIP: 08161HAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $318750.00    | 0.04%             | 2051-07-15      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO                                  | AB BSL CLO 5 Ltd                                                                 | CUSIP: 00038GAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1650000 | PA      | $1657103.25   | 0.19%             | 2038-01-20      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Sabal Issuer 2025-1 LLC                     | Sabal Issuer 2025 1 LLC                                                          | CUSIP: 78517QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4142328 | PA      | $4246822.69   | 0.49%             | 2060-11-01      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust Series 2024-11                                 | CUSIP: 161919BQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1979543 | PA      | $1994897.52   | 0.23%             | 2055-11-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-10                                                 | CUSIP: 07386HZC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     48638 | PA      | $47040.51     | 0.01%             | 2036-01-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2007-HY2 Trust                    | CUSIP: 92926UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210927 | PA      | $191658.81    | 0.02%             | 2036-12-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                      | Taco Bell Funding LLC                                                            | CUSIP: 87342RAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3930000 | PA      | $3445546.54   | 0.40%             | 2051-08-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2019-2                                                | CUSIP: 46650TAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    829197 | PA      | $789619.06    | 0.09%             | 2049-08-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-8                                                  | CUSIP: 46650MBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1154281 | PA      | $1072390.02   | 0.12%             | 2049-01-25      | Variable      | 4.03%                 | No            |                  2 | On Loan: No      |
| DOMINION 3/27/2008 3.20%                    | DOMINION RES I 10/15/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4991123.00   | 0.58%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES                        | AGILENT TECHNOLOGIES                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7998119.20   | 0.93%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-1                                                | CUSIP: 46654WCK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1091685 | PA      | $888944.13    | 0.10%             | 2052-07-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2020-J1                                                                | CUSIP: 12559YBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    875116 | PA      | $766347.53    | 0.09%             | 2049-10-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-INV6                                               | CUSIP: 46654FAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    732758 | PA      | $602890.18    | 0.07%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2024-9                                                    | CUSIP: 81749PAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    527407 | PA      | $526801.62    | 0.06%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-8                                                  | CUSIP: 46591KBU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1781193 | PA      | $1594904.70   | 0.18%             | 2050-03-25      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                     | GSR Mortgage Loan Trust 2005-AR5                                                 | CUSIP: 362341MC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87716 | PA      | $43837.49     | 0.01%             | 2035-10-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2005-AR16 Trust                   | CUSIP: 92922F6W3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137751 | PA      | $126694.79    | 0.01%             | 2035-12-25      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                | CD 2017-CD3 Mortgage Trust                                                       | CUSIP: 12515GAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $971404.30    | 0.11%             | 2050-02-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Hospitality Investors Trust                 | HIT Trust 2022-HI32                                                              | CUSIP: 40442AAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $984214.39    | 0.11%             | 2039-07-15      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC              | Sunnova Helios IV Issuer LLC                                                     | CUSIP: 86746CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    863664 | PA      | $770167.80    | 0.09%             | 2047-06-20      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Sunrun Issuer                               | Sunrun Atlas Issuer 2019-2 LLC                                                   | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2083323 | PA      | $1994502.62   | 0.23%             | 2055-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2019-GC40                                           | CUSIP: 36257HBR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11451383 | PA      | $378804.89    | 0.04%             | 2052-07-10      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA1                                          | CUSIP: 35564KQY8<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-MBS          | CORP              | US        |   6988518 | PA      | $7155237.48   | 0.83%             | 2042-01-25      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2020-A-GS                                          | CUSIP: 20267WAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    341219 | PA      | $282101.83    | 0.03%             | 2050-08-25      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                          | MCR 2024-HTL Mortgage Trust                                                      | CUSIP: 55286PAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    805692 | PA      | $808922.04    | 0.09%             | 2037-02-15      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| PRIMA Capital LTD                           | Prima Capital CRE Securitization 2019-VII Ltd                                    | CUSIP: 74166VAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6988518 | PA      | $6611635.96   | 0.77%             | 2050-12-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2018-1                                                   | CUSIP: 61946FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    472021 | PA      | $444055.34    | 0.05%             | 2043-06-22      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2021-VOLT                                           | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2831598 | PA      | $2828150.09   | 0.33%             | 2036-09-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV3                                               | CUSIP: 46591LBW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2146718 | PA      | $2001339.63   | 0.23%             | 2050-05-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                         | SHERWIN-WILLIAMS CO/THE                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3499593.30   | 0.41%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2016-K57 Mortgage Trust                                                    | CUSIP: 30295DAU6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12250292 | PA      | $9668.54      | 0.00%             | 2049-08-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2016-A                                             | CUSIP: 20267TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129376 | PA      | $120363.81    | 0.01%             | 2040-05-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                         | COMM 2024-CBM Mortgage Trust                                                     | CUSIP: 12674GAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2809857.05   | 0.33%             | 2041-12-10      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2014-5                                                  | CUSIP: 46643KBY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    786000 | PA      | $727755.12    | 0.08%             | 2029-10-25      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV1                                               | CUSIP: 46650PAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    454598 | PA      | $437587.39    | 0.05%             | 2049-06-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                           | Magnetite Xlv Ltd                                                                | CUSIP: 55956DAA7<br>LEI: 529900IK6R4NURGLMB37 | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $851847.05    | 0.10%             | 2038-04-15      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXXIII Ltd                                                      | CUSIP: 09630MAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3254062.50   | 0.38%             | 2038-10-20      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Merit                                       | MHP 2022-MHIL                                                                    | CUSIP: 55293DAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2001932.41   | 0.23%             | 2039-01-15      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B14 Mortgage Trust                                                | CUSIP: 08162YAP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10418134 | PA      | $501529.49    | 0.06%             | 2062-12-15      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                          | THL Credit Wind River 2017-3 Clo Ltd                                             | CUSIP: 97316LAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5008440.00   | 0.58%             | 2035-04-15      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                                | CUSIP: 36257QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     37142 | PA      | $34865.92     | 0.00%             | 2050-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2007-18CB                                                 | CUSIP: 02151NBV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    359662 | PA      | $104281.83    | 0.01%             | 2037-08-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2021-21M                                            | CUSIP: 05609CAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $699539.48    | 0.08%             | 2036-10-15      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd              | Palmer Square Loan Funding 2025-1 Ltd                                            | CUSIP: 69703VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1605310.40   | 0.19%             | 2033-02-15      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2021-C59                                   | CUSIP: 95003CAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1380000 | PA      | $1178953.60   | 0.14%             | 2054-04-15      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate               | Cantor Commercial Real Estate Lending 2019-CF2                                   | CUSIP: 12528YAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1148000 | PA      | $916675.93    | 0.11%             | 2052-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2017-A                                          | CUSIP: 78448WAD7<br>LEI: 5493000RGRVHYZAIY180 | Long             | ABS-O            | CORP              | US        |    963266 | PA      | $954225.21    | 0.11%             | 2041-06-17      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US LONG BOND(CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        44 | NC      | $59499.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-7                                                    | CUSIP: 81749VCK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3178126 | PA      | $3114731.89   | 0.36%             | 2055-08-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC 2019-AFC1 Trust                                                             | CUSIP: 12596XAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    386471 | PA      | $377792.99    | 0.04%             | 2049-07-25      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securit              | SG Commercial Mortgage Securities Trust 2020-COVE                                | CUSIP: 78397FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2320000 | PA      | $1937016.72   | 0.22%             | 2037-03-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2020-HR8                                          | CUSIP: 61692BBP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1345541.25   | 0.16%             | 2053-07-15      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2021-GR3                                     | CUSIP: 36263TBJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    907794 | PA      | $765140.25    | 0.09%             | 2052-04-25      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2014-1                                                  | CUSIP: 46641CBS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    644358 | PA      | $555867.80    | 0.06%             | 2044-01-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2020-BNK26                                                                  | CUSIP: 06540JBV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2139808.50   | 0.25%             | 2063-03-15      | Variable      | 3.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1                      | CUSIP: 61778GAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1270000 | PA      | $1325172.86   | 0.15%             | 2058-03-15      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2020-1                                                   | CUSIP: 61946NAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    605972 | PA      | $527380.23    | 0.06%             | 2046-04-20      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2019-GC38                                           | CUSIP: 36252SAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5372668 | PA      | $145314.01    | 0.02%             | 2052-02-10      | Variable      | 1.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2021-J3                                            | CUSIP: 17330BDN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    959207 | PA      | $791293.11    | 0.09%             | 2051-09-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                             | AREIT 2025-CRE10 Ltd                                                             | CUSIP: 00193DAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2731868.43   | 0.32%             | 2030-01-17      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2024-2                            | CUSIP: 61776FBK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3924554 | PA      | $4188995.10   | 0.48%             | 2054-03-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2014-A                                          | CUSIP: 784456AF2<br>LEI: 549300XC4C7GRVLU6076 | Long             | ABS-O            | CORP              | US        |   1833000 | PA      | $1583062.20   | 0.18%             | 2045-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2023-XL3                                            | CUSIP: 12434GAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    966612 | PA      | $971068.00    | 0.11%             | 2040-12-09      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| Renaissance Home Equity Loan T              | Renaissance Home Equity Loan Trust 2005-3                                        | CUSIP: 75970NBE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128285 | PA      | $128327.53    | 0.01%             | 2035-11-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                            | Great Wolf Trust 2024-WOLF                                                       | CUSIP: 39152MAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2014141.20   | 0.23%             | 2039-03-15      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Stacr Remic Trust 2025-Hqa1                                          | CUSIP: 35564NHA4<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2004088.20   | 0.23%             | 2045-02-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH3                                                  | CUSIP: 81748GEJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1853710 | PA      | $1783489.70   | 0.21%             | 2049-09-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2019-H7                                           | CUSIP: 61771MAX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25653728 | PA      | $984619.57    | 0.11%             | 2052-07-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-5                                                  | CUSIP: 46591FAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1190222 | PA      | $1135402.76   | 0.13%             | 2049-11-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2015-4                                                  | CUSIP: 00842ACE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    509569 | PA      | $413391.03    | 0.05%             | 2045-06-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2004-32CB                                                 | CUSIP: 12667FP41<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207127 | PA      | $195239.18    | 0.02%             | 2035-02-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2021-GR3                                     | CUSIP: 36263TBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    910111 | PA      | $752975.93    | 0.09%             | 2052-04-25      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2006-19CB                                                 | CUSIP: 02147QAM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    244339 | PA      | $104797.31    | 0.01%             | 2036-08-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan 2020-3 Ltd               | Loanpal Solar Loan Ltd                                                           | CUSIP: 53948NAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    976637 | PA      | $738286.69    | 0.09%             | 2047-12-20      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-10                                                 | CUSIP: 46654ABZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1014499 | PA      | $829444.23    | 0.10%             | 2051-12-25      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2025-R02                                     | CUSIP: 20754TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2007974.20   | 0.23%             | 2045-02-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST                            | Unlock HEA Trust 2024-2                                                          | CUSIP: 91528AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1843973 | PA      | $1842001.88   | 0.21%             | 2039-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                          | Subway Funding LLC                                                               | CUSIP: 864300AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7493375 | PA      | $7534266.35   | 0.87%             | 2054-07-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| PRIMA Capital LTD                           | Prima Capital CRE Securitization 2019-VII Ltd                                    | CUSIP: 74166QAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    515143 | PA      | $507907.56    | 0.06%             | 2050-12-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2024-12                                                 | CUSIP: 46658TAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1663617 | PA      | $1688566.60   | 0.20%             | 2055-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit              | Bain Capital Credit CLO 2022-4 Ltd                                               | CUSIP: 05685BAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1004002.00   | 0.12%             | 2037-10-16      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2020-J2                                                                | CUSIP: 12568PCH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1148921 | PA      | $932516.58    | 0.11%             | 2051-01-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                  | MFA 2021-INV2 Trust                                                              | CUSIP: 552732AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2438294 | PA      | $1967088.08   | 0.23%             | 2056-11-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| CONCORD                                     | CONCORD MINUTE 10/01/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4999427.50   | 0.58%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                      | CHL Mortgage Pass-Through Trust 2006-1                                           | CUSIP: 126694XC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    404182 | PA      | $201099.74    | 0.02%             | 2036-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-PJ2                                     | CUSIP: 36271PBW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1944968 | PA      | $1924912.77   | 0.22%             | 2054-07-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Wachovia Mortgage Loan Trust,               | Wachovia Mortgage Loan Trust LLC Series 2005-B Trust                             | CUSIP: 92977YBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57014 | PA      | $55874.29     | 0.01%             | 2035-10-20      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust              | Pagaya AI Debt Grantor Trust 2025-1                                              | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2399795 | PA      | $2427603.20   | 0.28%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                 | Extended Stay America Trust 2025-ESH                                             | CUSIP: 30227TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1610003.04   | 0.19%             | 2042-10-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B20 Mortgage Trust                                                | CUSIP: 08162XBJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6471926 | PA      | $343310.09    | 0.04%             | 2053-10-15      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-1                                                  | CUSIP: 00842TAV0<br>LEI: 549300SCHQRABPDKYY47 | Long             | ABS-MBS          | CORP              | US        |    646000 | PA      | $498666.07    | 0.06%             | 2045-12-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2019-1                                                       | CUSIP: 749357BE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    815255 | PA      | $754976.13    | 0.09%             | 2049-09-25      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2005-J2                                                   | CUSIP: 12667F6H3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    310395 | PA      | $238853.07    | 0.03%             | 2035-04-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-TAIL                                                               | CUSIP: 123912AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2506883.50   | 0.29%             | 2035-06-15      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU              | WFRBS Commercial Mortgage Trust 2014-C21                                         | CUSIP: 92939FAX7<br>LEI: 5493000F7E2NMQ4HIO61 | Long             | ABS-MBS          | CORP              | US        |    726373 | PA      | $709597.88    | 0.08%             | 2047-08-15      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                             | Oaktree CLO 2024-25 Ltd                                                          | CUSIP: 67402PAE7<br>LEI: 254900NTZ5OVNC5X7789 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1105813.50   | 0.13%             | 2037-04-20      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Figure Line of Credit Trust 20              | Figure Line of Credit Trust 2020-1                                               | CUSIP: 302452AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    428986 | PA      | $418381.65    | 0.05%             | 2049-09-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2019-IMC                                            | CUSIP: 05608BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1679341 | PA      | $1655262.10   | 0.19%             | 2034-04-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                        | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3494735.30   | 0.40%             | 2042-10-15      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2020-B Trust                                      | CUSIP: 83405FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3529000 | PA      | $2929955.43   | 0.34%             | 2046-05-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B9 Mortgage Trust                                                 | CUSIP: 08160JAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $896184.81    | 0.10%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                 | Balboa Bay Loan Funding 2022-1 Ltd                                               | CUSIP: 05766EAQ5<br>LEI: 549300USDGJ8GD3PWY07 | Long             | ABS-CBDO         | CORP              | KY        |   2850000 | PA      | $2860564.95   | 0.33%             | 2037-04-20      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2017-C40                                   | CUSIP: 95000YAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21320575 | PA      | $248108.60    | 0.03%             | 2050-10-15      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2007-HY1 Trust                    | CUSIP: 92925VAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160901 | PA      | $149167.79    | 0.02%             | 2037-02-25      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Trust 2015-3                                                           | CUSIP: 46644MAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    866534 | PA      | $675035.21    | 0.08%             | 2045-05-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                           | Elevation CLO 2021-14 Ltd                                                        | CUSIP: 28623RBN7<br>LEI: 549300JPI8D017HI2768 | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1640298.00   | 0.19%             | 2038-01-20      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC                         | Zaxbys Funding LLC                                                               | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4394381 | PA      | $4150887.28   | 0.48%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-4                                           | CUSIP: 46657WAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    310920 | PA      | $315442.91    | 0.04%             | 2054-10-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-4                                                  | CUSIP: 46648UAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    795600 | PA      | $736083.45    | 0.09%             | 2048-11-25      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B13 Mortgage Trust                                                | CUSIP: 08162DAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $835008.60    | 0.10%             | 2057-08-15      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| TBW Mortgage Backed Pass Throu              | TBW Mortgage-Backed Trust 2006-6                                                 | CUSIP: 87222PAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2486025 | PA      | $527522.53    | 0.06%             | 2037-01-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2019-2                                                | CUSIP: 46650TAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    829198 | PA      | $787460.59    | 0.09%             | 2049-08-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus              | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2650000 | PA      | $2662267.65   | 0.31%             | 2039-12-15      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                            | Symphony CLO XIX Ltd                                                             | CUSIP: 87165YAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    885000 | PA      | $886185.02    | 0.10%             | 2031-04-16      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust Series 2024-6                                  | CUSIP: 161931AZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4437686 | PA      | $4629070.36   | 0.54%             | 2055-05-25      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B5 Mortgage Trust                                                 | CUSIP: 08160BAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13253026 | PA      | $468403.02    | 0.05%             | 2051-07-15      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2016-B                                             | CUSIP: 20267UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    307032 | PA      | $287055.54    | 0.03%             | 2040-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC                         | Zaxbys Funding LLC                                                               | CUSIP: 98920MAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2821500 | PA      | $2914743.24   | 0.34%             | 2054-04-30      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage sec              | Arbor Multifamily Mortgage Securities Trust 2021-MF3                             | CUSIP: 03882KBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3947814 | PA      | $3021926.47   | 0.35%             | 2054-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-HYB1                                               | CUSIP: 46651FAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1862261 | PA      | $1886252.49   | 0.22%             | 2049-10-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan              | Laurel Road Prime Student Loan Trust 2019-A                                      | CUSIP: 51889RAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    688908 | PA      | $678513.79    | 0.08%             | 2048-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust              | PENN Commercial Mortgage Trust 2025-P11                                          | CUSIP: 69382VAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2548809.25   | 0.29%             | 2042-08-10      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                                      | CUSIP: 36258FAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213037 | PA      | $191616.98    | 0.02%             | 2050-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML11 TRUST                       | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 302610AD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13162367 | PA      | $632237.18    | 0.07%             | 2038-03-25      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2016-LC25                                  | CUSIP: 95000JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3375000 | PA      | $3107736.45   | 0.36%             | 2059-12-15      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2025-V17 Mortgage Trust                                                | CUSIP: 081934AW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3520932.80   | 0.41%             | 2058-09-15      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2018-6RR                                                 | CUSIP: 33851FBP1<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |    798767 | PA      | $786965.14    | 0.09%             | 2048-10-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Merit                                       | MHP 2021-STOR                                                                    | CUSIP: 55293BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2002340.00   | 0.23%             | 2038-07-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-C32                                                    | CUSIP: 07337AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19981547 | PA      | $1685986.96   | 0.20%             | 2062-02-15      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2016-1                                                  | CUSIP: 46646BBB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $757429.90    | 0.09%             | 2046-05-25      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2015-C30                                   | CUSIP: 94989NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5642089 | PA      | $195.78       | 0.00%             | 2058-09-15      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2024-6                                                    | CUSIP: 81743DCG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1424427 | PA      | $1325815.27   | 0.15%             | 2054-07-27      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2019-3 Trust                              | CUSIP: 949831AS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140057 | PA      | $127589.78    | 0.01%             | 2049-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2017-C38                                   | CUSIP: 95001MAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $947084.50    | 0.11%             | 2050-07-15      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2025-V16 Mortgage Trust                                                | CUSIP: 08164RAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2631441.30   | 0.30%             | 2058-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 18 Ltd                          | Elmwood CLO 18 Ltd                                                               | CUSIP: 29003MAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3017607.00   | 0.35%             | 2037-07-17      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2017-B-GS                                          | CUSIP: 20268KAD2<br>LEI: 549300KDXV3I7WKXA522 | Long             | ABS-O            | CORP              | US        |     85953 | PA      | $73540.23     | 0.01%             | 2042-09-25      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finan              | Trafigura Securitisation Finance PLC                                             | CUSIP: 892725AX0<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |   6800000 | PA      | $6922937.20   | 0.80%             | 2027-11-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B17 Mortgage Trust                                                | CUSIP: 08162MAZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10947699 | PA      | $457792.27    | 0.05%             | 2053-03-15      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta              | Mello Mortgage Capital Acceptance 2021-MTG3                                      | CUSIP: 58549RCG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    896656 | PA      | $732980.66    | 0.08%             | 2051-07-01      | Variable      | 2.89%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2019-2                                                | CUSIP: 46650TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16139 | PA      | $15308.20     | 0.00%             | 2049-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DK Trust                                    | DK Trust 2024-SPBX                                                               | CUSIP: 23346LAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3513700.40   | 0.41%             | 2034-03-15      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2007-S1                                                 | CUSIP: 46630RBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    917272 | PA      | $318603.63    | 0.04%             | 2037-03-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-C32                                                    | CUSIP: 07337AAT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1411946.20   | 0.16%             | 2062-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        15 | NC      | $-379.28      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HarborView Mortgage Loan Trust              | HarborView Mortgage Loan Trust 2007-5                                            | CUSIP: 41165AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520859 | PA      | $452758.77    | 0.05%             | 2037-09-19      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Parallel Ltd                                | Parallel 2023-1 Ltd                                                              | CUSIP: 69915NAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3405729.00   | 0.39%             | 2036-07-20      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                                      | CUSIP: 36258FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125316 | PA      | $112715.94    | 0.01%             | 2050-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2016-BNK2                                         | CUSIP: 61690YBY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2900000 | PA      | $2658914.59   | 0.31%             | 2049-11-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2021-6                                                | CUSIP: 92538MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    338896 | PA      | $298110.83    | 0.03%             | 2066-10-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| SMRT                                        | SMRT 2022-MINI                                                                   | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2441311.25   | 0.28%             | 2039-01-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Trust 2021-C10                                                             | CUSIP: 05551VBK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6087062 | PA      | $310214.04    | 0.04%             | 2054-07-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus              | CSAIL 2018-CX12 Commercial Mortgage Trust                                        | CUSIP: 12595XAY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2360000 | PA      | $2257360.06   | 0.26%             | 2051-08-15      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2021-B28 Mortgage Trust                                                | CUSIP: 08163GAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4817334 | PA      | $245900.56    | 0.03%             | 2054-08-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-7                                                  | CUSIP: 46651GAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    312163 | PA      | $282879.79    | 0.03%             | 2050-02-25      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B7 Mortgage Trust                                                 | CUSIP: 08162TBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  46633676 | PA      | $448846.80    | 0.05%             | 2053-05-15      | Variable      | 0.56%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential               | Starwood Mortgage Residential Trust 2020-1                                       | CUSIP: 85573AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2096556 | PA      | $1872979.48   | 0.22%             | 2050-02-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2017-BNK8                                                                   | CUSIP: 06650AAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14780716 | PA      | $365864.85    | 0.04%             | 2050-11-15      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2019-GC39                                           | CUSIP: 36260JAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1516508 | PA      | $1164722.73   | 0.13%             | 2052-05-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| La Quinta Mortgage Trust                    | LAQ 2023-LAQ Mortgage Trust                                                      | CUSIP: 516681AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1445805 | PA      | $1410927.44   | 0.16%             | 2036-03-15      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2017-2                                                    | CUSIP: 81746KCC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1031537 | PA      | $974168.73    | 0.11%             | 2047-02-25      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loans 2017-2 LLC                                                    | CUSIP: 61946GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    436681 | PA      | $411590.44    | 0.05%             | 2043-06-22      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-1                                                  | CUSIP: 46648CAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1937162 | PA      | $1738482.56   | 0.20%             | 2047-01-25      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne              | PRET 2025-RPL2 Trust                                                             | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2623494 | PA      | $2543993.58   | 0.29%             | 2064-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2004-J7                                                   | CUSIP: 12667FTE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    273612 | PA      | $272773.50    | 0.03%             | 2034-10-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2017-BNK4                                                                   | CUSIP: 06541FAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7060000 | PA      | $129516.41    | 0.01%             | 2050-05-15      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| Verde CLO Ltd                               | VERDE CLO Ltd                                                                    | CUSIP: 92338BBA2<br>LEI: 254900DT3DF8KM5RRZ79 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1403627.40   | 0.16%             | 2032-04-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2024-1                                                | CUSIP: 46657PBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3075224 | PA      | $3038035.24   | 0.35%             | 2054-06-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2014-IVR3                                                             | CUSIP: 12648TAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198198 | PA      | $193142.81    | 0.02%             | 2044-07-25      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2005-65CB                                                 | CUSIP: 12668AX59<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176409 | PA      | $115125.39    | 0.01%             | 2036-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                           | Cedar Funding II CLO Ltd                                                         | CUSIP: 15032TBW5<br>LEI: 254900Q56WTD2BRLBE32 | Long             | ABS-CBDO         | CORP              | KY        |   6450000 | PA      | $6469491.90   | 0.75%             | 2038-07-22      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-1                                                  | CUSIP: 46650HAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73529 | PA      | $68927.82     | 0.01%             | 2049-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-D                                 | CUSIP: 63942CAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2420 | PA      | $1176642.72   | 0.14%             | 2060-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2020-H                                 | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132129 | PA      | $125120.05    | 0.01%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Alternative Loan T              | Wells Fargo Alternative Loan 2007-PA3 Trust                                      | CUSIP: 94985GAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77900 | PA      | $68126.53     | 0.01%             | 2037-07-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2019-C54                                   | CUSIP: 95001YAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $888089.00    | 0.10%             | 2052-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2020-J2                                                                | CUSIP: 12568PCG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    866923 | PA      | $712737.76    | 0.08%             | 2051-01-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-3                                                    | CUSIP: 81748ACE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1221421 | PA      | $1063954.64   | 0.12%             | 2050-04-25      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Bank5                                       | BANK5 2025-5YR17                                                                 | CUSIP: 06211GAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003347.20   | 0.12%             | 2058-11-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| SDAL Trust                                  | SDAL Trust 2025-DAL                                                              | CUSIP: 78437RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1010615.00   | 0.12%             | 2042-04-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Wachovia Mortgage Loan Trust,               | Wachovia Mortgage Loan Trust LLC Series 2005-B Trust                             | CUSIP: 92977YBP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43948 | PA      | $43069.10     | 0.00%             | 2035-10-20      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2018-C45                                   | CUSIP: 95001NAZ1<br>LEI: 5493006021R83VCLAO08 | Long             | ABS-MBS          | CORP              | US        |  13475265 | PA      | $233045.28    | 0.03%             | 2051-06-15      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-5                                                    | CUSIP: 81743ACD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405385 | PA      | $371936.23    | 0.04%             | 2049-12-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                    | ENTERPRISE PRODUCTS OPERATING LLC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4999413.00   | 0.58%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                         | Sound Point CLO XXIX Ltd                                                         | CUSIP: 83614VAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4100000 | PA      | $4106637.90   | 0.48%             | 2034-04-25      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2024-2                                                    | CUSIP: 81749HAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    608274 | PA      | $614004.71    | 0.07%             | 2054-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-5C34                                                   | CUSIP: 07337BAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1052340.60   | 0.12%             | 2058-05-15      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| Octagon 75 Ltd                              | Octagon 75 Ltd                                                                   | CUSIP: 67579EAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2019088.00   | 0.23%             | 2038-01-22      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-7 Trust   | CUSIP: 93934FBF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82941 | PA      | $76800.36     | 0.01%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-2                                                    | CUSIP: 816935AU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    867257 | PA      | $875427.87    | 0.10%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2022-VAMF                                                               | CUSIP: 05609TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $496511.75    | 0.06%             | 2039-01-15      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ1                                | CUSIP: 36257TAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    802846 | PA      | $724258.97    | 0.08%             | 2049-08-25      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2021-C61                                   | CUSIP: 95003QCQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $1836052.25   | 0.21%             | 2054-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2020-1                  | RCKT Mortgage Trust 2020-1                                                       | CUSIP: 749389BH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1219775 | PA      | $1107839.43   | 0.13%             | 2050-02-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Mortgage Trust 2015-2                                                  | CUSIP: 599808BL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1257933 | PA      | $1173263.42   | 0.14%             | 2057-09-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-DNA5                                          | CUSIP: 35564KHE2<br>LEI: 5493000ISU5NYXNHD479 | Long             | ABS-MBS          | CORP              | US        |    281618 | PA      | $282541.96    | 0.03%             | 2034-01-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust                                                         | CUSIP: 46593VAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3649000 | PA      | $3758869.57   | 0.44%             | 2055-11-25      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2022-J1 Trust                                                                | CUSIP: 67116WAP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    865215 | PA      | $714484.49    | 0.08%             | 2052-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2023-R07                                     | CUSIP: 20753BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1040641.60   | 0.12%             | 2043-09-25      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA4                                          | CUSIP: 35564KXA2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | CORP              | US        |   2096556 | PA      | $2231884.08   | 0.26%             | 2042-05-25      | Floating      | 9.61%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2016-K57 Mortgage Trust                                                    | CUSIP: 30295DAS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  43802054 | PA      | $22945.71     | 0.00%             | 2049-08-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                         | SOUND POINT CLO VII-R Ltd                                                        | CUSIP: 83610HAG5<br>LEI: 549300IYECLSB6ZQZB89 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $600853.80    | 0.07%             | 2031-10-23      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2021-R01                                     | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2038784.40   | 0.24%             | 2041-10-25      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXX Ltd                                                         | CUSIP: 09630QAY7<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3007500.00   | 0.35%             | 2035-04-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM Re-REMIC Trust 2021-FRR1                                                     | CUSIP: 364614AE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5187577 | PA      | $4668960.40   | 0.54%             | 2050-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-9                                                    | CUSIP: 81745DAH4<br>LEI: 54930005PH54PMVV8351 | Long             | ABS-MBS          | CORP              | US        |    194247 | PA      | $187507.67    | 0.02%             | 2043-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATH 10/10/2025                   | BERKSHIRE HATH 10/10/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3995253.20   | 0.46%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mor              | Structured Adjustable Rate Mortgage Loan Trust Series 2005-4                     | CUSIP: 863579MS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     34712 | PA      | $31363.12     | 0.00%             | 2035-03-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV2                                               | CUSIP: 46651ABB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    926949 | PA      | $901850.88    | 0.10%             | 2049-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2024-2                            | CUSIP: 61776FBN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3694968 | PA      | $3858550.06   | 0.45%             | 2054-03-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R01                                     | CUSIP: 20753UAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1641319.84   | 0.19%             | 2044-01-25      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Corp Trust 2023-FUN                                       | CUSIP: 36267CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1412079.76   | 0.16%             | 2028-03-15      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-2                                                  | CUSIP: 00842EAW1<br>LEI: 549300TSTBCBQ5EBD390 | Long             | ABS-MBS          | CORP              | US        |    998319 | PA      | $768161.28    | 0.09%             | 2046-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Renaissance Home Equity Loan T              | Renaissance Home Equity Loan Trust 2005-4                                        | CUSIP: 759950GA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    255807 | PA      | $239408.22    | 0.03%             | 2036-02-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2024-5C31                                                   | CUSIP: 07336YAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2233509.25   | 0.26%             | 2057-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                                      | CUSIP: 36258FAT6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1367872 | PA      | $1212116.20   | 0.14%             | 2050-05-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-6                                                  | CUSIP: 46653PBZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4465494 | PA      | $3603299.92   | 0.42%             | 2051-10-25      | Variable      | 2.83%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I 2017-HR2                                                | CUSIP: 61691NAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14067411 | PA      | $211123.00    | 0.02%             | 2050-12-15      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                                      | CUSIP: 36258FAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    501289 | PA      | $450885.62    | 0.05%             | 2050-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential               | Starwood Mortgage Residential Trust 2020-3                                       | CUSIP: 85573MAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1397704 | PA      | $1322488.10   | 0.15%             | 2065-04-25      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                    | Redwood Funding Trust 2025-2                                                     | CUSIP: 75806EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3614876 | PA      | $3648673.87   | 0.42%             | 2055-10-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV1                                               | CUSIP: 46591DAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1017490 | PA      | $996554.57    | 0.12%             | 2049-09-25      | Variable      | 4.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R01                                     | CUSIP: 20753UAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1009677.00   | 0.12%             | 2044-01-25      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                        | SCG Commercial Mortgage Trust 2025-FLWR                                          | CUSIP: 78438AAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4009776.00   | 0.46%             | 2042-08-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| VTR Commercial Mortgage Trust               | VTR 2025-STEM C                                                                  | CUSIP: 92890YAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.23%             | 2041-10-13      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Mortgage Finance Trust Series 2007-A1                                      | CUSIP: 161630AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18932 | PA      | $18804.70     | 0.00%             | 2037-02-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan              | Laurel Road Prime Student Loan Trust 2018-B                                      | CUSIP: 51888RAC4<br>LEI: 549300XLHGW4YH0MCQ51 | Long             | ABS-O            | CORP              | US        |    174975 | PA      | $174070.06    | 0.02%             | 2043-05-26      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2025-B33RP                                 | CUSIP: 95004RAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001482.20   | 0.12%             | 2042-08-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2018-2-GS                                                | CUSIP: 61946LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    649199 | PA      | $608542.46    | 0.07%             | 2044-02-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-RISE                                                               | CUSIP: 12434EAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1859724 | PA      | $1859525.03   | 0.22%             | 2036-11-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2014-GC19                                    | CUSIP: 17322AAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  45735707 | PA      | $536937.20    | 0.06%             | 2047-03-11      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                             | CLI Funding VIII LLC                                                             | CUSIP: 12565KAA5<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |   1247293 | PA      | $1154081.33   | 0.13%             | 2046-02-18      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-INV3                                                              | CUSIP: 12557LAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190829 | PA      | $174188.86    | 0.02%             | 2049-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-XL4                                            | CUSIP: 05611VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1392053 | PA      | $1399506.12   | 0.16%             | 2039-02-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2020-1NV                                                 | CUSIP: 33851YBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1531631 | PA      | $1404292.16   | 0.16%             | 2050-03-25      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        76 | NC      | $-16362.92    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2024-1                                             | CUSIP: 17332CCG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1966791 | PA      | $2004182.79   | 0.23%             | 2054-07-25      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                          | BMO 2025-5C10 Mortgage Trust                                                     | CUSIP: 05615BAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1027036.40   | 0.12%             | 2058-05-15      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-9                                                  | CUSIP: 46649YBH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    821497 | PA      | $774089.58    | 0.09%             | 2049-02-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2006-AR2                                           | CUSIP: 17307G6K9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    185760 | PA      | $138927.29    | 0.02%             | 2036-03-25      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                             | HGI CRE CLO 2021-FL2 Ltd                                                         | CUSIP: 40390JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     10384 | PA      | $10378.44     | 0.00%             | 2036-09-17      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                         | BHMS Commercial Mortgage Trust 2025-ATLS                                         | CUSIP: 088928AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003334.00   | 0.12%             | 2042-08-15      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu              | JPMBB Commercial Mortgage Securities Trust 2013-C15                              | CUSIP: 46640NAM0<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |  22487488 | PA      | $121294.14    | 0.01%             | 2045-11-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2005-31                                                   | CUSIP: 12667GYX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206722 | PA      | $198806.11    | 0.02%             | 2035-08-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                                | CUSIP: 36257QAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1829493 | PA      | $1696170.57   | 0.20%             | 2050-03-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R01                                     | CUSIP: 20754LAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2445981 | PA      | $2506186.38   | 0.29%             | 2041-12-25      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2025-5C5                                   | CUSIP: 95004MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2616209.50   | 0.30%             | 2058-07-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-PJ4                                     | CUSIP: 36269RBX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1945561 | PA      | $1903058.22   | 0.22%             | 2054-08-25      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX 2024-PALM                                                                     | CUSIP: 05612UAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2163462 | PA      | $2157043.20   | 0.25%             | 2037-06-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| DBWF Mortgage Trust                         | DBWF Mortgage Trust                                                              | CUSIP: 23306NAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $922394.10    | 0.11%             | 2034-06-10      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R02                                     | CUSIP: 20754GAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $882795.72    | 0.10%             | 2044-02-25      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2020-4 Trust                              | CUSIP: 95002VBJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    936782 | PA      | $843125.12    | 0.10%             | 2050-07-25      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         6 | NC      | $16955.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2019-1                                                   | CUSIP: 33852AAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    226017 | PA      | $203762.60    | 0.02%             | 2049-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-PJ4                                     | CUSIP: 36269RBU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1481545 | PA      | $1486902.67   | 0.17%             | 2054-08-25      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-5                                                    | CUSIP: 81743ACC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405385 | PA      | $373711.14    | 0.04%             | 2049-12-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2023-PJ5                                     | CUSIP: 36268ABS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3507706 | PA      | $3610761.27   | 0.42%             | 2054-02-25      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-DNA7                                          | CUSIP: 35564KND7<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |   2096556 | PA      | $2153291.74   | 0.25%             | 2041-11-25      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                                     | CUSIP: 36459DBW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4239306 | PA      | $4068607.80   | 0.47%             | 2048-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                        | ACE Securities Corp Mortgage Loan Trust Series 2007-D1                           | CUSIP: 00083BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    480012 | PA      | $392172.67    | 0.05%             | 2038-02-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| FISERV INC 0 C 10/02/2025                   | FISERV INC 0 C 10/02/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6998346.60   | 0.81%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                               | Radnor Re 2024-1 Ltd                                                             | CUSIP: 75049AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $627560.40    | 0.07%             | 2034-09-25      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B10 Mortgage Trust                                                | CUSIP: 08162VAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11579822 | PA      | $420382.28    | 0.05%             | 2062-03-15      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R03                                     | CUSIP: 207941AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4142688.00   | 0.48%             | 2044-03-25      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1099 | NC      | $-52770.69    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| DK Trust                                    | DK Trust 2025-LXP                                                                | CUSIP: 23292LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1805883.48   | 0.21%             | 2037-08-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-SBT1                                    | CUSIP: 20753VBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2026670 | PA      | $2101839.60   | 0.24%             | 2040-02-25      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                    | Ajax Mortgage Loan Trust 2019-D                                                  | CUSIP: 00968FAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2096556 | PA      | $1998295.66   | 0.23%             | 2065-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2006-S2                                                 | CUSIP: 46628YAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    409141 | PA      | $176471.89    | 0.02%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2018-BNK12                                                                  | CUSIP: 06541KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9363500 | PA      | $307019.80    | 0.04%             | 2061-05-15      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC              | SUNNOVA HELIOS II ISSUER LLC 2018-1                                              | CUSIP: 86745JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    759623 | PA      | $730679.40    | 0.08%             | 2048-07-20      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF                         | GSAT Trust 2025-BMF                                                              | CUSIP: 36271XAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2008739.00   | 0.23%             | 2040-07-15      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg              | DBJPM 2016-C3 Mortgage Trust                                                     | CUSIP: 23312VAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1847000 | PA      | $1754343.58   | 0.20%             | 2049-08-10      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-3                                                  | CUSIP: 46649TAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    862350 | PA      | $787641.24    | 0.09%             | 2048-09-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                          | Wind River 2014-1 CLO Ltd                                                        | CUSIP: 88432CBD7<br>LEI: 549300AMLFWC1VCUN251 | Long             | ABS-CBDO         | CORP              | KY        |   1583400 | PA      | $1584592.30   | 0.18%             | 2031-07-18      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu              | JPMBB Commercial Mortgage Securities Trust 2014-C26                              | CUSIP: 46643TAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  34428000 | PA      | $57011.05     | 0.01%             | 2048-01-15      | Variable      | 0.20%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FTZM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3351118 | PA      | $334397.98    | 0.04%             | 2035-02-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Mortgage Loan Trust 2017-2                                             | CUSIP: 59980AAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $880494.93    | 0.10%             | 2059-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Point Securitization Trust                  | Point Securitization Trust 2025-1                                                | CUSIP: 73072DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2434882 | PA      | $2437075.75   | 0.28%             | 2055-06-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-2                                                    | CUSIP: 81746YCD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    797600 | PA      | $749604.22    | 0.09%             | 2049-06-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                | CD 2019-CD8 Mortgage Trust                                                       | CUSIP: 12515BAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11850594 | PA      | $481364.61    | 0.06%             | 2057-08-15      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                 | Extended Stay America Trust 2025-ESH                                             | CUSIP: 30227TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2012500.60   | 0.23%             | 2042-10-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R09                                     | CUSIP: 20753DAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $769516.65    | 0.09%             | 2042-09-25      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu              | JPMBB Commercial Mortgage Securities Trust 2015-C29                              | CUSIP: 46644RBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    432640 | PA      | $431696.28    | 0.05%             | 2048-05-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2018-INV1                                                              | CUSIP: 12553XAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    317935 | PA      | $298679.21    | 0.03%             | 2048-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -29 | NC      | $-90501.88    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXX Ltd                                                         | CUSIP: 09630QAQ4<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |   2968875 | PA      | $2969023.44   | 0.34%             | 2035-04-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| BARTON CAPITAL                              | BARTON CAP S.A 10/01/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3521000 | PA      | $3520596.85   | 0.41%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GSMS Trust 2024-Fair                                                             | CUSIP: 36270JAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2568430.00   | 0.30%             | 2029-07-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2024-CCM1                                               | CUSIP: 46658NBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    987465 | PA      | $959758.14    | 0.11%             | 2055-04-25      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust              | BOCA Commercial Mortgage Trust 2024-BOCA                                         | CUSIP: 096817AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1006890.20   | 0.12%             | 2041-08-15      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                    | Redwood Funding Trust 2025-3                                                     | CUSIP: 75806GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2459514 | PA      | $2465538.15   | 0.29%             | 2056-12-27      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-R02                                     | CUSIP: 20754WAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1397704 | PA      | $1430293.15   | 0.17%             | 2040-01-25      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2025-3                                           | CUSIP: 46593RAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2240000 | PA      | $2282896.00   | 0.26%             | 2055-09-25      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                    | CUSIP: 466330AQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2143000 | PA      | $2149417.86   | 0.25%             | 2038-04-15      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                        | Wingstop Funding LLC                                                             | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3973266 | PA      | $3840200.92   | 0.44%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| KSL Commercial Mortgage Trust               | KSL Commercial Mortgage Trust 2024-HT2                                           | CUSIP: 500937AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2503421.00   | 0.29%             | 2039-12-15      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2023-1                                                    | CUSIP: 81749BCE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1396401 | PA      | $1322894.75   | 0.15%             | 2053-01-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV3                                               | CUSIP: 46651HBH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1690 | PA      | $1670.86      | 0.00%             | 2050-03-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| Hundred Acre Wood Trust                     | Hundred Acre Wood Trust 2021-INV3                                                | CUSIP: 44555QCF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1590981 | PA      | $1358863.69   | 0.16%             | 2051-12-25      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2018-1                                    | CUSIP: 94989UBK6<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |    391859 | PA      | $354378.07    | 0.04%             | 2047-07-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| J.G. Wentworth XLI LLC                      | J.G. Wentworth XLI LLC                                                           | CUSIP: 46651TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    521107 | PA      | $462600.48    | 0.05%             | 2074-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV3                                               | CUSIP: 46651HAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6870 | PA      | $6826.37      | 0.00%             | 2050-03-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2019-H7                                           | CUSIP: 61771MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6586500 | PA      | $297975.89    | 0.03%             | 2052-07-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-6                                                  | CUSIP: 46651BAY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    832989 | PA      | $786780.19    | 0.09%             | 2049-12-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2021-1                                                   | CUSIP: 61947DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    671664 | PA      | $538304.76    | 0.06%             | 2046-12-20      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| BMD2 Re-REMIC Trust                         | BMD2 Re-Remic Trust 2019-FRR1                                                    | CUSIP: 055631FB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2341154 | PA      | $1938407.62   | 0.22%             | 2052-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2020-20 Ltd                                                              | CUSIP: 670859AS6<br>LEI: 25490028U8Y2XMZWXO46 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3517013.50   | 0.41%             | 2037-04-18      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                      | Chase Auto Owner Trust 2024-3                                                    | CUSIP: 16144LAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3334 | PA      | $931211.55    | 0.11%             | 2031-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage              | Deephaven Residential Mortgage Trust 2021-4                                      | CUSIP: 24381JAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1397704 | PA      | $1088604.42   | 0.13%             | 2066-11-25      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| BXSC Commercial Mortgage Trust              | BXSC Commercial Mortgage Trust 2022-WSS                                          | CUSIP: 05610BAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2010036.20   | 0.23%             | 2035-03-15      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                              | Oaktown Re VII Ltd                                                               | CUSIP: 67389JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   2655637 | PA      | $2700668.37   | 0.31%             | 2034-04-25      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                      | GSAA Home Equity Trust 2007-1                                                    | CUSIP: 3622EQAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    853558 | PA      | $238440.83    | 0.03%             | 2037-02-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-4                                                  | CUSIP: 07386HSY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66237 | PA      | $63508.85     | 0.01%             | 2035-05-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman Loan Advisers CLO 27 Ltd                                        | CUSIP: 64131WAS6<br>LEI: 549300IWMW28G8CR9G28 | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1860715.20   | 0.22%             | 2038-07-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Sunrun Jupiter Issuer                       | Sunrun Jupiter Issuer 2022-1 LLC                                                 | CUSIP: 86772RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4341756 | PA      | $4171297.47   | 0.48%             | 2057-07-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2004-AR7                          | CUSIP: 92922FTB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    194160 | PA      | $184087.25    | 0.02%             | 2034-07-25      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust               | MHC Trust 2021-MHC2                                                              | CUSIP: 55293AAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $801469.12    | 0.09%             | 2038-05-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                            | Symphony CLO 43 Ltd                                                              | CUSIP: 87170BAL0<br>LEI: 254900QCSPTCYRSY3N68 | Long             | ABS-CBDO         | CORP              | KY        |   7500000 | PA      | $7540282.50   | 0.87%             | 2037-04-15      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust              | SWCH Commercial Mortgage Trust 2025-DATA                                         | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3750000 | PA      | $3745313.25   | 0.43%             | 2042-02-15      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2021-3                                                | CUSIP: 92539LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    566200 | PA      | $499067.26    | 0.06%             | 2066-06-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                          | BMO 2024-5C6 Mortgage Trust                                                      | CUSIP: 05593QAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1783661.20   | 0.21%             | 2057-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RFM RE-REMIC TRUST 2022-FRR1                | RFM Reremic Trust 2022-FRR1                                                      | CUSIP: 74971BBP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5550000 | PA      | $5332398.10   | 0.62%             | 2049-11-08      | Variable      | 2.34%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2021-C60                                   | CUSIP: 95003DBP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13958098 | PA      | $879131.26    | 0.10%             | 2054-08-15      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2015-C30                                   | CUSIP: 94989NAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16657000 | PA      | $576.33       | 0.00%             | 2058-09-15      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-6                                           | CUSIP: 46657YBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1475503 | PA      | $1526513.72   | 0.18%             | 2054-12-25      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-R05                                     | CUSIP: 20754HAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    588570 | PA      | $600215.75    | 0.07%             | 2039-07-25      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Secu              | Bear Stearns Asset Backed Securities Trust 2006-SD4                              | CUSIP: 07389NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87004 | PA      | $87552.44     | 0.01%             | 2036-10-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2006-20CB                                                 | CUSIP: 02147MAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    566428 | PA      | $221827.27    | 0.03%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-ARIA                                                               | CUSIP: 05608RAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2800000 | PA      | $2801848.56   | 0.32%             | 2036-10-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2021-NQM4                                           | CUSIP: 45276JAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1048278 | PA      | $841303.37    | 0.10%             | 2057-01-25      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2023-SMRT                                    | CUSIP: 17291NAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $998625.20    | 0.12%             | 2040-10-12      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman CLO XX Ltd                                                      | CUSIP: 64130TBU8<br>LEI: 549300NPF57YF6WBDP72 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1402837.80   | 0.16%             | 2039-04-15      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta              | Mello Mortgage Capital Acceptance 2018-MTG2                                      | CUSIP: 585499BR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1246189 | PA      | $1195697.59   | 0.14%             | 2048-10-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-KING                                           | CUSIP: 05612RAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3158420 | PA      | $3180852.99   | 0.37%             | 2034-05-15      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2018-2-GS                                                | CUSIP: 61946LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    354923 | PA      | $322514.50    | 0.04%             | 2044-02-22      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ2                                | CUSIP: 36257LAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    844104 | PA      | $789926.95    | 0.09%             | 2049-11-25      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29                      | CUSIP: 61766EBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2876025.00   | 0.33%             | 2049-05-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                    | Jersey Mike's Funding LLC                                                        | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1592000 | PA      | $1625019.04   | 0.19%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Merit                                       | MHP Commercial Mortgage Trust 2025-MHIL2                                         | CUSIP: 59317DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3006790.80   | 0.35%             | 2040-09-15      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                 | Extended Stay America Trust 2021-ESH                                             | CUSIP: 30227FAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2529828 | PA      | $2534455.57   | 0.29%             | 2038-07-15      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Vivint Solar Financing LLC                  | Vivint Solar Financing VII LLC                                                   | CUSIP: 92855HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1321699 | PA      | $1222286.46   | 0.14%             | 2051-07-31      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-6                                                  | CUSIP: 46651BAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1164273 | PA      | $1096615.77   | 0.13%             | 2049-12-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV2                                               | CUSIP: 46651DAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295946 | PA      | $268485.17    | 0.03%             | 2050-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-6                                                  | CUSIP: 46649HBB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    812096 | PA      | $738750.29    | 0.09%             | 2048-12-25      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                       | LoanCore 2025 2025-CRE8 Issuer LLC                                               | CUSIP: 53947FAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $993515.00    | 0.11%             | 2042-08-17      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                            | COLT 2022-5 Mortgage Loan Trust                                                  | CUSIP: 19688LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    691380 | PA      | $689416.24    | 0.08%             | 2067-04-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| HTAP Trust                                  | HTAP Issuer Trust 2025-1                                                         | CUSIP: 40446AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1904906 | PA      | $1908641.19   | 0.22%             | 2042-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                       | INTOWN 2025-STAY Mortgage Trust                                                  | CUSIP: 46117WAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2254944.60   | 0.26%             | 2042-03-15      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2018-H3                                           | CUSIP: 61767YBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1171000 | PA      | $1090930.18   | 0.13%             | 2051-07-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-ROIC                                                               | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1668493 | PA      | $1674475.84   | 0.19%             | 2030-03-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-1                                                    | CUSIP: 81743EAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1748444 | PA      | $1764918.29   | 0.20%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2017-6                                       | CUSIP: 64830BAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    864287 | PA      | $846704.73    | 0.10%             | 2057-08-27      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2021-R02                                     | CUSIP: 20754KAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    698852 | PA      | $713069.79    | 0.08%             | 2041-11-25      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| AUTOMATIC DATA PROCESSI 0.0 01OCT25         | AUTOMATIC DATA PROCESSI 0.0 01OCT25                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3499601.00   | 0.41%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B9 Mortgage Trust                                                 | CUSIP: 08160JAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3220000 | PA      | $181058.99    | 0.02%             | 2052-03-15      | Variable      | 2.16%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2015-3                                                  | CUSIP: 00841YCF3<br>LEI: 549300GXWD0QSMEEID35 | Long             | ABS-MBS          | CORP              | US        |    289750 | PA      | $238737.81    | 0.03%             | 2045-04-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove CLO 12 Ltd                                                           | CUSIP: 09090MAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1706514.40   | 0.20%             | 2038-04-22      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove Clo 11 Ltd                                                           | CUSIP: 09078AAA3<br>LEI: 2549009HQHT8KMO8YJ79 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1015000.00   | 0.12%             | 2038-01-22      | Floating      | 10.13%                | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit              | Bain Capital Credit CLO 2024-2 Ltd                                               | CUSIP: 056921AG4<br>LEI: 254900KJZFJF5PZOFD13 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4025860.00   | 0.47%             | 2037-07-15      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate               | Cantor Commercial Real Estate Lending 2019-CF1                                   | CUSIP: 12529MAK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $920832.70    | 0.11%             | 2052-05-15      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage sec              | Arbor Multifamily Mortgage Securities Trust 2021-MF3                             | CUSIP: 03882KBA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1803038 | PA      | $1444244.26   | 0.17%             | 2054-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-HQA4                                          | CUSIP: 35564KPN3<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   3494259 | PA      | $3587276.87   | 0.42%             | 2041-12-25      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| Deutsche Mortgage Securities,               | Deutsche Mortgage Securities Inc Re-REMIC Trust Certificates Series 2007-WM1     | CUSIP: 25157TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240960 | PA      | $214648.75    | 0.02%             | 2037-06-27      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust               | MHC Commercial Mortgage Trust 2021-MHC                                           | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1602523.21   | 0.19%             | 2038-04-15      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-8 Trust   | CUSIP: 93934FCF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    307698 | PA      | $266924.98    | 0.03%             | 2035-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TIF Funding II LLC                          | TIF Funding II LLC                                                               | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1001697 | PA      | $915252.57    | 0.11%             | 2046-02-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV2                                               | CUSIP: 46651ABC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    926949 | PA      | $899571.50    | 0.10%             | 2049-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV3                                               | CUSIP: 46651HBW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1523356 | PA      | $1423535.66   | 0.16%             | 2050-03-25      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH3                                                  | CUSIP: 81748GBA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    558815 | PA      | $526510.66    | 0.06%             | 2049-09-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2016-C2                                      | CUSIP: 17291CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $938834.80    | 0.11%             | 2049-08-10      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                    | Oceanview Mortgage Trust 2021-5                                                  | CUSIP: 67647ECF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2441410 | PA      | $2012587.32   | 0.23%             | 2051-10-25      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| HLTN Commercial Mortgage Trust              | HLTN Commercial Mortgage Trust 2024-DPLO                                         | CUSIP: 40424UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2015062.40   | 0.23%             | 2041-06-15      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R01                                     | CUSIP: 20753UAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $523725.20    | 0.06%             | 2044-01-25      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-4                                                  | CUSIP: 46649CBF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1253877 | PA      | $1155772.79   | 0.13%             | 2048-10-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2007-10                                            | CUSIP: 17313QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    154810 | PA      | $143308.53    | 0.02%             | 2037-09-25      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV2                                               | CUSIP: 46651DAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128243 | PA      | $116343.69    | 0.01%             | 2050-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2023-HQA3                                          | CUSIP: 35564NAA1<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2639379.00   | 0.31%             | 2043-11-25      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Helios Issuer VI, LLC                       | SUNNOVA HELIOS II ISSUER LLC 2021-B                                              | CUSIP: 86744TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2212627 | PA      | $1941006.32   | 0.22%             | 2048-07-20      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                | Atrium Hotel Portfolio Trust 2017-ATRM                                           | CUSIP: 04965JAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $488453.20    | 0.06%             | 2036-12-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                            | GWT 2024-WLF2                                                                    | CUSIP: 362414AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2700000 | PA      | $2719332.81   | 0.31%             | 2041-05-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| Arbys Funding LLC                           | Arbys Funding LLC                                                                | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1892400 | PA      | $1829237.55   | 0.21%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-LGCY                                                               | CUSIP: 12434DAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996790.00    | 0.12%             | 2036-10-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC                                        | CUSIP: 83401BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2795000 | PA      | $2706035.43   | 0.31%             | 2041-01-25      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ2                                | CUSIP: 36257LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53800 | PA      | $50777.77     | 0.01%             | 2049-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-6                                                  | CUSIP: 46650JAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219558 | PA      | $198400.55    | 0.02%             | 2048-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove Clo 9 Ltd                                                            | CUSIP: 09077WAG3<br>LEI: 254900VS6E4BD1HWHW18 | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $904636.80    | 0.10%             | 2037-10-22      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                             | Lehman XS Trust Series 2005-5N                                                   | CUSIP: 86359DUS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9783 | PA      | $9739.80      | 0.00%             | 2035-11-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch               | BAMLL Trust 2025-ASHF                                                            | CUSIP: 05494CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1761276.65   | 0.20%             | 2042-02-15      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-PJ1                                     | CUSIP: 36268VBU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2145749 | PA      | $2226213.71   | 0.26%             | 2054-06-25      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2023-R02                                     | CUSIP: 20755AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4088283 | PA      | $4431710.22   | 0.51%             | 2043-01-25      | Floating      | 9.91%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2019-1                                                       | CUSIP: 749357AN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85784 | PA      | $77835.25     | 0.01%             | 2049-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| LCSS Financing LLC                          | LCSS Financing 2018-A LLC                                                        | CUSIP: 50200XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710914 | PA      | $630917.23    | 0.07%             | 2062-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-DNA6                                          | CUSIP: 35564KLU1<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |   1825522 | PA      | $1867513.39   | 0.22%             | 2041-10-25      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                       | Arroyo Mortgage Trust 2019-3                                                     | CUSIP: 04285AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    416193 | PA      | $400942.64    | 0.05%             | 2048-10-25      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2021-11INV                                               | CUSIP: 33851TAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1685068 | PA      | $1389406.31   | 0.16%             | 2051-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2014-IVR1                                                             | CUSIP: 12648ABA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182394 | PA      | $176760.77    | 0.02%             | 2043-11-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2020-C Trust                                      | CUSIP: 83390UAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2865000 | PA      | $2454888.14   | 0.28%             | 2046-02-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| Bank5                                       | BANK5 2024-5YR12                                                                 | CUSIP: 06644XAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $2029034.01   | 0.23%             | 2057-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2025-PJ1                                     | CUSIP: 36271DCK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2292000 | PA      | $2039218.30   | 0.24%             | 2055-06-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co.,              | Galton Funding Mortgage Trust 2018-2                                             | CUSIP: 36418GBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    253818 | PA      | $244686.76    | 0.03%             | 2058-10-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                       | Palmer Square CLO 2018-2 Ltd                                                     | CUSIP: 69688MAS4<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3772548.75   | 0.44%             | 2037-04-16      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust               | UBS Commercial Mortgage Trust 2019-C16                                           | CUSIP: 90276YAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14348439 | PA      | $546782.43    | 0.06%             | 2052-04-15      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2024-HQA2                                          | CUSIP: 35564NEC3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1006179.40   | 0.12%             | 2044-08-25      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON                 | CUSIP: 46650RAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3064244 | PA      | $3016588.98   | 0.35%             | 2034-01-05      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Goddard Funding LLC                         | Goddard Funding LLC                                                              | CUSIP: 380241AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1536630 | PA      | $1557344.08   | 0.18%             | 2052-10-30      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2025-INV4 Trust                                                             | CUSIP: 367920CM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1049899.00   | 0.12%             | 2055-08-25      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-3                                                  | CUSIP: 46647SCQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    667974 | PA      | $626784.94    | 0.07%             | 2047-08-25      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-4                                           | CUSIP: 46657WBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1962544 | PA      | $2098091.62   | 0.24%             | 2054-10-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2020-1NV                                                 | CUSIP: 33851YBD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3073064 | PA      | $2838827.27   | 0.33%             | 2050-03-25      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Mortgage Finance Trust Series 2006-A1                                      | CUSIP: 16163CAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77458 | PA      | $69406.17     | 0.01%             | 2036-09-25      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| CBAM CLO Management LLC                     | CBAM 2017-1 Ltd                                                                  | CUSIP: 14987LAJ0<br>LEI: 254900JWJFDB3KD6V066 | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1707575.20   | 0.20%             | 2038-01-20      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-1                                                  | CUSIP: 00842TAU2<br>LEI: 549300SCHQRABPDKYY47 | Long             | ABS-MBS          | CORP              | US        |    367917 | PA      | $315233.29    | 0.04%             | 2045-12-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2006-AR14 Trust                   | CUSIP: 93363PAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    168217 | PA      | $151807.67    | 0.02%             | 2036-11-25      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | Sofi Professional Loan Program 2018-D Trust                                      | CUSIP: 83401AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1468000 | PA      | $1420868.25   | 0.16%             | 2048-02-25      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-4                                           | CUSIP: 46657WBG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3925089 | PA      | $4108825.97   | 0.48%             | 2054-10-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co.,              | Galton Funding Mortgage Trust 2019-1                                             | CUSIP: 36418WAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25523 | PA      | $24887.44     | 0.00%             | 2059-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1                      | CUSIP: 61778GAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2599149.00   | 0.30%             | 2058-03-15      | Variable      | 6.86%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2025-BCAT                                           | CUSIP: 12433HAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2395712 | PA      | $2406312.16   | 0.28%             | 2042-08-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC                | Triton Container Finance VIII LLC                                                | CUSIP: 89680HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1294898 | PA      | $1195336.43   | 0.14%             | 2046-03-20      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2019-EXP1 Trust                                                              | CUSIP: 67448QAC5<br>LEI: 549300ELWOCL265HSB73 | Long             | ABS-MBS          | CORP              | US        |      7588 | PA      | $7528.78      | 0.00%             | 2059-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R05                                     | CUSIP: 20754XAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4550000 | PA      | $4561456.45   | 0.53%             | 2044-07-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2024-4                            | CUSIP: 61777BBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    985991 | PA      | $1020068.58   | 0.12%             | 2054-09-25      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-5C37                                                   | CUSIP: 05494NAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2540744.50   | 0.29%             | 2058-09-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                   | ORL Trust 2024-GLKS                                                              | CUSIP: 67120DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2764504.05   | 0.32%             | 2039-12-15      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-2                                                  | CUSIP: 00842EAU5<br>LEI: 549300TSTBCBQ5EBD390 | Long             | ABS-MBS          | CORP              | US        |    626706 | PA      | $595900.10    | 0.07%             | 2046-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust              | Carvana Auto Receivables Trust 2023-P1                                           | CUSIP: 14688EAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1650 | PA      | $107911.81    | 0.01%             | 2030-03-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-VLT6                                                               | CUSIP: 12433KAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2752254.45   | 0.32%             | 2042-03-15      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2021-GSA3                                           | CUSIP: 36263UAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1257933 | PA      | $764844.27    | 0.09%             | 2054-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2006-AR16 Trust                   | CUSIP: 92925GAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    222055 | PA      | $198271.41    | 0.02%             | 2036-12-25      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2021-14                                               | CUSIP: 46653QCH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    953801 | PA      | $782808.92    | 0.09%             | 2052-05-25      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2007-OC1 Trust | CUSIP: 93936FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    409366 | PA      | $370366.77    | 0.04%             | 2047-01-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Sunrun Iris Issuer                          | Sunrun Iris Issuer 2023-1 LLC                                                    | CUSIP: 86772YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2076746 | PA      | $2048651.82   | 0.24%             | 2059-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2019-2                                                   | CUSIP: 33852BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    857469 | PA      | $790296.59    | 0.09%             | 2049-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRM Trust                                   | PRM Trust 2025-PRM6                                                              | CUSIP: 74277DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2753265.35   | 0.32%             | 2033-07-05      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-4                                                  | CUSIP: 46649CBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    858094 | PA      | $790963.78    | 0.09%             | 2048-10-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan T              | Morgan Stanley Mortgage Loan Trust 2005-10                                       | CUSIP: 61748HSH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107276 | PA      | $59317.50     | 0.01%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2005-9                                             | CUSIP: 17307GL89<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195625 | PA      | $199478.58    | 0.02%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sunrun Issuer                               | Sunrun Xanadu Issuer 2019-1 LLC                                                  | CUSIP: 86773PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    795794 | PA      | $755862.19    | 0.09%             | 2054-06-30      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                             | Venture 33 CLO Ltd                                                               | CUSIP: 92330YAW3<br>LEI: 549300NQPL9XHZ20E278 | Long             | ABS-CBDO         | CORP              | KY        |   1266720 | PA      | $1268513.68   | 0.15%             | 2031-07-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| PSMC Trust                                  | PSMC 2019-3 Trust                                                                | CUSIP: 69375BAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181125 | PA      | $169065.43    | 0.02%             | 2049-11-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R02                                     | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1048278 | PA      | $1087761.60   | 0.13%             | 2042-01-25      | Floating      | 8.86%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO                                  | AB BSL CLO 3 Ltd                                                                 | CUSIP: 00037QAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1545306.60   | 0.18%             | 2038-04-20      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2025-CCM1                                               | CUSIP: 46593MBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1682780 | PA      | $1601550.00   | 0.19%             | 2055-06-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30                      | CUSIP: 61766NBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1928831.20   | 0.22%             | 2049-09-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-3                                                  | CUSIP: 46649TBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1221885 | PA      | $1116022.68   | 0.13%             | 2048-09-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC 2021-AFC1 Trust                                                             | CUSIP: 12657LAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $648316.80    | 0.08%             | 2056-03-25      | Variable      | 2.19%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-9                                                  | CUSIP: 07386HYH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    744405 | PA      | $400221.86    | 0.05%             | 2035-11-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-7                                                  | CUSIP: 46651GBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1766975 | PA      | $1571261.39   | 0.18%             | 2050-02-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                      | Chase Auto Owner Trust 2024-4                                                    | CUSIP: 16144YAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2000 | PA      | $570687.53    | 0.07%             | 2031-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Shellpoint Co-Originator Trust              | Shellpoint Co-Originator Trust 2017-2                                            | CUSIP: 82281FCD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    725036 | PA      | $675175.30    | 0.08%             | 2047-10-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Co              | Structured Asset Securities Corp Mortgage Loan Trust 2006-BC5                    | CUSIP: 86359SAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7371 | PA      | $7354.49      | 0.00%             | 2036-12-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust               | UBS Commercial Mortgage Trust 2019-C18                                           | CUSIP: 90278PBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1659000 | PA      | $1478629.54   | 0.17%             | 2052-12-15      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2020-EXP3 Trust                                                              | CUSIP: 67448WAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    212059 | PA      | $185002.84    | 0.02%             | 2060-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu              | JPMBB Commercial Mortgage Securities Trust 2014-C26                              | CUSIP: 46643TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  46979000 | PA      | $451580.94    | 0.05%             | 2048-01-15      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| PRM5 Trust                                  | PRM5 Trust 2025-PRM5                                                             | CUSIP: 693980AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2744309.70   | 0.32%             | 2033-03-10      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-AIR2                                           | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1918360 | PA      | $1927691.96   | 0.22%             | 2041-10-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Bojangles Issuer, LLC                       | Bojangles Issuer LLC                                                             | CUSIP: 09748RAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1421234.64   | 0.16%             | 2054-11-20      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan               | CitiMortgage Alternative Loan Trust Series 2007-A6                               | CUSIP: 18976GAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107296 | PA      | $94375.40     | 0.01%             | 2037-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | Barclays Commercial Mortgage Trust 2019-C4                                       | CUSIP: 07335CAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  29766724 | PA      | $1333803.72   | 0.15%             | 2052-08-15      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-6                                                | CUSIP: 46655KDF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2587982 | PA      | $2156140.64   | 0.25%             | 2052-11-25      | Variable      | 3.28%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2017-CH1                                                  | CUSIP: 81746HBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    651144 | PA      | $632607.23    | 0.07%             | 2047-08-25      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH1                                                  | CUSIP: 81747MCF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    466666 | PA      | $458735.57    | 0.05%             | 2049-03-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-10 Trust  | CUSIP: 93934FGH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250904 | PA      | $244646.54    | 0.03%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                    | Ajax Mortgage Loan Trust 2019-F                                                  | CUSIP: 00969PAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1048278 | PA      | $1015560.61   | 0.12%             | 2059-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Arizona Biltmore Trust                      | ARZ Trust 2024-BILT                                                              | CUSIP: 00218TAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2070146.80   | 0.24%             | 2039-06-11      | Fixed         | 8.27%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2024-INV4 Trust                                                             | CUSIP: 367919CJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1740226 | PA      | $1719906.84   | 0.20%             | 2054-12-25      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R04                                     | CUSIP: 20753GAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2020395.20   | 0.23%             | 2044-05-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                      | CHL Mortgage Pass-Through Trust 2007-7                                           | CUSIP: 12544TAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    331958 | PA      | $151606.87    | 0.02%             | 2037-06-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-F                                 | CUSIP: 63942GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $617482.76    | 0.07%             | 2070-02-18      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -109 | NC      | $31383.73     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2016-NXS6                                  | CUSIP: 95000KAE5<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   3488032 | PA      | $83470.87     | 0.01%             | 2049-11-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH3                                                  | CUSIP: 81748GEQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1091595 | PA      | $1045794.82   | 0.12%             | 2049-09-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-R5                                                                | CUSIP: 12558RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $936374.10    | 0.11%             | 2059-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV3                                               | CUSIP: 46651HBT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    871919 | PA      | $819878.90    | 0.09%             | 2050-03-25      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate               | Cantor Commercial Real Estate Lending 2019-CF3                                   | CUSIP: 12529TAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $860725.25    | 0.10%             | 2053-01-15      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2015-2                                                 | CUSIP: 89171YBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    768737 | PA      | $766154.43    | 0.09%             | 2057-11-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2022-INV3 Trust                                                             | CUSIP: 36830RCC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1105563 | PA      | $1042581.73   | 0.12%             | 2052-08-25      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-KING                                           | CUSIP: 05612RAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    987006 | PA      | $991380.37    | 0.11%             | 2034-05-15      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | Sofi Professional Loan Program 2018-C Trust                                      | CUSIP: 78490DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1398000 | PA      | $1355522.47   | 0.16%             | 2048-01-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2025-FL15 LLC                                                                | CUSIP: 05556EAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1505566.65   | 0.17%             | 2043-03-19      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2021-B25 Mortgage Trust                                                | CUSIP: 08163DAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23743270 | PA      | $985712.55    | 0.11%             | 2054-04-15      | Variable      | 1.19%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2021-PJ3                                | CUSIP: 36262AAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1147825 | PA      | $920369.01    | 0.11%             | 2051-08-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                    | CUSIP: 466330AN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250555.33    | 0.03%             | 2038-04-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2017-A-GS                                          | CUSIP: 20267VAD9<br>LEI: 549300LRCNJYVPZRKK63 | Long             | ABS-O            | CORP              | US        |    219054 | PA      | $202103.35    | 0.02%             | 2041-05-25      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-LTV1                                               | CUSIP: 46591NBH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17825 | PA      | $17664.16     | 0.00%             | 2050-06-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                   | Acrec 2025 Fl 3 LLC                                                              | CUSIP: 00112HAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4002968.20   | 0.46%             | 2042-08-18      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| WCORE Commercial Mortgage Trus              | WCORE Commercial Mortgage Trust 2024-CORE                                        | CUSIP: 951913AG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1560000 | PA      | $1568805.89   | 0.18%             | 2041-11-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B18 Mortgage Trust                                                | CUSIP: 08163AAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12845189 | PA      | $667523.36    | 0.08%             | 2053-07-15      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| RFM RE-REMIC TRUST 2022-FRR1                | RFM Reremic Trust 2022-FRR1                                                      | CUSIP: 74971BAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4402767 | PA      | $3963398.59   | 0.46%             | 2049-11-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities               | Brean Asset Backed Securities Trust 2024-RM9                                     | CUSIP: 10638DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    955921 | PA      | $950180.51    | 0.11%             | 2064-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                              | Apidos CLO XXIV                                                                  | CUSIP: 03759CAX8<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |   2650000 | PA      | $2655127.75   | 0.31%             | 2030-10-20      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Mill City Solar Loan 2019-2 Lt              | Mill City Solar Loan 2019-2 Ltd                                                  | CUSIP: 59982VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    777174 | PA      | $701582.11    | 0.08%             | 2043-07-20      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust Series 2024-4                                  | CUSIP: 16159NBE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1952911 | PA      | $1920253.37   | 0.22%             | 2055-03-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2013-7                                             | CUSIP: 17321BAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    442119 | PA      | $414999.64    | 0.05%             | 2036-08-25      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2024-INV2 Trust                                                             | CUSIP: 36170KBH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2367381 | PA      | $2506495.57   | 0.29%             | 2054-06-25      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I 2017-HR2                                                | CUSIP: 61691NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10870640 | PA      | $323470.03    | 0.04%             | 2050-12-15      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-8                                                  | CUSIP: 46591KBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275918 | PA      | $248609.77    | 0.03%             | 2050-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B22 Mortgage Trust                                                | CUSIP: 08163BBF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11026012 | PA      | $700130.81    | 0.08%             | 2054-01-15      | Variable      | 1.61%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2007-AR7 Trust                            | CUSIP: 94986KAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    251718 | PA      | $228993.04    | 0.03%             | 2037-12-28      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-2                                                    | CUSIP: 81748KEE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    869402 | PA      | $780442.24    | 0.09%             | 2050-03-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2020-BNK30                                                                  | CUSIP: 06541UCB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11967361 | PA      | $589739.00    | 0.07%             | 2053-12-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2019-EXP3 Trust                                                              | CUSIP: 67113AAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     93302 | PA      | $85292.56     | 0.01%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2017-P8                                      | CUSIP: 17326DAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14434785 | PA      | $299973.60    | 0.03%             | 2050-09-15      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2023-PRM3                                    | CUSIP: 17331LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2055320.80   | 0.24%             | 2028-07-10      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                     | GSR Mortgage Loan Trust 2006-AR1                                                 | CUSIP: 3623414A4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132049 | PA      | $124791.92    | 0.01%             | 2036-01-25      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| BMD2 Re-REMIC Trust                         | BMD2 Re-Remic Trust 2019-FRR1                                                    | CUSIP: 055631EU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4598445 | PA      | $3963737.50   | 0.46%             | 2052-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                            | CIFC Funding 2024-III Ltd                                                        | CUSIP: 12575WAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1507747.50   | 0.17%             | 2037-07-21      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                       | DB Master Finance LLC                                                            | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   3416875 | PA      | $3041794.04   | 0.35%             | 2051-11-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | EFMT 2024-RM3                                                                    | CUSIP: 26845EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3215188 | PA      | $3134162.78   | 0.36%             | 2054-12-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -44 | NC      | $20759.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Residential Mortgage               | STAR 2021-1 Trust                                                                | CUSIP: 85573GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    462774 | PA      | $432917.38    | 0.05%             | 2065-05-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA2                                          | CUSIP: 35564KSJ9<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |   6604150 | PA      | $6884362.76   | 0.80%             | 2042-02-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| J.G. Wentworth XLII LLC                     | JG Wentworth XLII LLC                                                            | CUSIP: 46590UAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    589051 | PA      | $537289.40    | 0.06%             | 2077-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2020-INV1 Trust                                                              | CUSIP: 67113CAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259747 | PA      | $233969.38    | 0.03%             | 2049-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2015-1                                                  | CUSIP: 00841WBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    979556 | PA      | $788851.01    | 0.09%             | 2045-01-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| FISERV INC DIS 10/10/2025                   | FISERV INC DIS 10/10/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4994039.00   | 0.58%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH2                                                  | CUSIP: 81747CCH2<br>LEI: 549300RES143ZXEZ6T39 | Long             | ABS-MBS          | CORP              | US        |   1022095 | PA      | $1010958.45   | 0.12%             | 2049-08-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                           | Cedar Funding V CLO Ltd                                                          | CUSIP: 15032AAU1<br>LEI: 635400NWFWJ92O7QGD64 | Long             | ABS-CBDO         | CORP              | KY        |   2600000 | PA      | $2604537.00   | 0.30%             | 2031-07-17      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2013-IVR5                                                             | CUSIP: 12647VAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133963 | PA      | $130524.51    | 0.02%             | 2043-10-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2013-IVR3                                                             | CUSIP: 12646XAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71350 | PA      | $70225.74     | 0.01%             | 2043-05-25      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| SHERWIN WILLIA 10/20/2025                   | SHERWIN WILLIA 10/20/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2992966.80   | 0.35%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2021-1 Trust                              | CUSIP: 95003ABJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135438 | PA      | $863473.66    | 0.10%             | 2050-12-25      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-5                                                  | CUSIP: 46653JBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1530432 | PA      | $1371727.74   | 0.16%             | 2050-12-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| KELLANOVA 0 CP 10/24/2025                   | KELLANOVA 0 CP 10/24/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3988539.60   | 0.46%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMD2 Re-REMIC Trust                         | BMD2 Re-Remic Trust 2019-FRR1                                                    | CUSIP: 055631HH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5887827 | PA      | $5008083.49   | 0.58%             | 2052-05-25      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-J1                                                                | CUSIP: 12556MCR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    752921 | PA      | $698661.58    | 0.08%             | 2049-08-25      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2007-A3                                                 | CUSIP: 46630UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74513 | PA      | $62827.06     | 0.01%             | 2037-05-25      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-INV1                                                              | CUSIP: 12555DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26133 | PA      | $25097.25     | 0.00%             | 2049-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-2                                                    | CUSIP: 81748KEG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1518007 | PA      | $1358177.79   | 0.16%             | 2050-03-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                  | MSILF Government Portfolio                                                       | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   3062000 | NS      | $3062000.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayview Opportunity Master Fun              | Bayview Opportunity Master Fund VI Trust 2021-INV6                               | CUSIP: 07335UCJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1633492 | PA      | $1382875.57   | 0.16%             | 2051-10-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| DOMINION 3/27/2008 3.20%                    | DOMINION RES I 10/16/2025                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2994315.30   | 0.35%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust               | NYC Commercial Mortgage Trust 2025-3BP                                           | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2739552.20   | 0.32%             | 2042-02-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-7                                                  | CUSIP: 07386HVR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166376 | PA      | $129628.06    | 0.02%             | 2035-09-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2019-1                                                       | CUSIP: 749357BH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833259 | PA      | $768785.45    | 0.09%             | 2049-09-25      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2018-2                                                   | CUSIP: 33851HBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800039 | PA      | $741710.02    | 0.09%             | 2048-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2014-IVR2                                                             | CUSIP: 12648HBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130626 | PA      | $126812.20    | 0.01%             | 2044-04-25      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-D                                 | CUSIP: 63942CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1872456 | PA      | $1756834.30   | 0.20%             | 2060-04-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-4                                                    | CUSIP: 81748JAU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    273211 | PA      | $248407.60    | 0.03%             | 2049-11-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2007-OA4                                                  | CUSIP: 02150DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    723720 | PA      | $654816.23    | 0.08%             | 2047-05-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2015-3                                                    | CUSIP: 81746LCD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    272951 | PA      | $220617.04    | 0.03%             | 2045-07-25      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2022-PJ5                                     | CUSIP: 362925CE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2777626 | PA      | $2326683.89   | 0.27%             | 2052-10-25      | Variable      | 2.98%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2021-7                                                    | CUSIP: 81748TCF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1591191 | PA      | $1332657.09   | 0.15%             | 2051-11-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2021-PRM2                                    | CUSIP: 17291HAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994390.40    | 0.12%             | 2038-10-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2006-AR4 Trust                            | CUSIP: 94983PAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35721 | PA      | $35438.07     | 0.00%             | 2036-04-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2023-R05                                     | CUSIP: 207942AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1612892.70   | 0.19%             | 2043-06-25      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| ILPT Commercial Mortgage Trust              | ILPT Commercial Mortgage Trust 2025-LPF2                                         | CUSIP: 451955AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1018438.00   | 0.12%             | 2042-07-13      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program                  | ELFI Graduate Loan Program 2019-A LLC                                            | CUSIP: 26857EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    413902 | PA      | $355314.93    | 0.04%             | 2044-03-25      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2022-CSMO                                           | CUSIP: 05610MAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3300000 | PA      | $3340557.66   | 0.39%             | 2027-06-15      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Tru              | IndyMac INDX Mortgage Loan Trust 2006-AR2                                        | CUSIP: 45661EAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1402075 | PA      | $1070512.09   | 0.12%             | 2046-02-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                    | BXMT 2025-FL5 Ltd                                                                | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2009242.20   | 0.23%             | 2042-10-18      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fun              | Bayview MSR Opportunity Master Fund Trust 2021-INV2                              | CUSIP: 07336NCJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1338476 | PA      | $1124168.62   | 0.13%             | 2051-12-25      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                        | ACE Securities Corp Mortgage Loan Trust Series 2007-D1                           | CUSIP: 00083BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    656092 | PA      | $499772.52    | 0.06%             | 2038-02-25      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Sunnova Sol Issuer,LLC                      | Sunnova Sol II Issuer LLC                                                        | CUSIP: 86745PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2410328 | PA      | $2029889.95   | 0.23%             | 2055-11-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co.,              | Galton Funding Mortgage Trust 2019-1                                             | CUSIP: 36418WBX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    870962 | PA      | $845151.68    | 0.10%             | 2059-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2              | JW Trust 2024-BERY                                                               | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1153452.07   | 0.13%             | 2039-11-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -2 | NC      | $58.65        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree CLO Ltd                             | Oaktree CLO 2019-4 Ltd                                                           | CUSIP: 67402CBJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3135000 | PA      | $3149399.06   | 0.36%             | 2037-07-20      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R05                                     | CUSIP: 20754DAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3900000 | PA      | $4191305.43   | 0.49%             | 2042-04-25      | Floating      | 11.36%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** Voya Separate Portfolios Trust

**Signature:** Dorothy Roman

**Name of Signer:** Dorothy Roman

**Title:** Vice President, Fund Administration