# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-007601
**Filing Date:** 2026-5
**Character Count:** 96293
**Document Hash:** b69e0319705194a156826f4f030e4cfe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007601.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000910472-26-007601

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust
- **CENTRAL INDEX KEY:** 0001314414

**ORGANIZATION NAME:**
- **EIN:** 043023766
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 261029780

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategy Shares
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights Fund Trust
- **DATE OF NAME CHANGE:** 20050121

## Series and Classes Contracts Data

### TransWestern Institutional Short Duration Government Bond Fund (Series ID: S000030560)

| Class ID   | Class Name                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000094762 | TransWestern Institutional Short Duration Government Bond Fund | TWSGX           |

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** |
| **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES** **—** **48.6%** | **U.S. GOVERNMENT & AGENCIES** **—** **48.6%** |  |  |  |
|  | **FEDERAL HOME LOAN MORTGAGE CORP.** — **18.9%** **<sup>(a)</sup>** | **FEDERAL HOME LOAN MORTGAGE CORP.** — **18.9%** **<sup>(a)</sup>** |  |  |  |
| 33811 | Freddie Mac Gold Pool Series G08448 |  | 5.0000 | 05/01/41 | $34206 |
| 355143 | Freddie Mac Gold Pool Series Q18571 |  | 3.5000 | 05/01/43 | 334826 |
| 221235 | Freddie Mac Gold Pool Series Q20545 |  | 3.5000 | 07/01/43 | 208835 |
| 84056 | Freddie Mac Gold Pool Series U92432 |  | 4.0000 | 02/01/44 | 81432 |
| 55707 | Freddie Mac Multifamily Structured Pass Through Series KJ21 A2 |  | 3.7000 | 09/25/26 | 55499 |
| 940414 | Freddie Mac Multifamily Structured Pass Through Series KF77 AL<sup>(b)</sup> | SOFR30A + 0.814% | 4.4830 | 02/25/27 | 941201 |
| 1078542 | Freddie Mac Multifamily Structured Pass Through Series K531 AS<sup>(b)</sup> | SOFR30A + 0.530% | 4.1990 | 09/25/29 | 1076307 |
| 1085000 | Freddie Mac Multifamily Structured Pass Through Series K540 A2<sup>(c)</sup> |  | 4.5130 | 02/25/30 | 1096901 |
| 905000 | Freddie Mac Multifamily Structured Pass Through Series K546 A2 |  | 4.3610 | 05/25/30 | 908371 |
| 525089 | Freddie Mac Multifamily Structured Pass Through Series KF82 AS<sup>(b)</sup> | SOFR30A + 0.420% | 4.0890 | 06/25/30 | 524096 |
| 787633 | Freddie Mac Multifamily Structured Pass Through Series KF82 AL<sup>(b)</sup> | SOFR30A + 0.484% | 4.1530 | 06/25/30 | 785725 |
| 384492 | Freddie Mac Multifamily Structured Pass Through Series KF80 AS<sup>(b)</sup> | SOFR30A + 0.510% | 4.1790 | 06/25/30 | 383526 |
| 1800000 | Freddie Mac Multifamily Structured Pass Through Series K758 A2<sup>(c)</sup> |  | 4.6800 | 10/25/31 | 1829706 |
| 2580000 | Freddie Mac Multifamily Structured Pass Through Series KJ42 A2 |  | 4.1180 | 11/25/32 | 2544564 |
| 1206062 | Freddie Mac Multifamily Structured Pass Through Series Q016 APT1<sup>(c)</sup> |  | 2.1960 | 05/25/51 | 1203357 |
| 67683 | Freddie Mac Non Gold Pool Series 780722<sup>(b)</sup> | H15T1Y + 2.220% | 6.2660 | 08/01/33 | 69185 |
| 33575 | Freddie Mac Non Gold Pool Series 972132<sup>(b)</sup> | H15T1Y + 2.225% | 6.1180 | 11/01/33 | 34505 |
| 38084 | Freddie Mac Non Gold Pool Series 1B2025<sup>(b)</sup> | RFUCCT1Y + 1.862% | 6.4330 | 06/01/34 | 39301 |
| 48108 | Freddie Mac Non Gold Pool Series 1Q0160<sup>(b)</sup> | RFUCCT1Y + 1.750% | 6.5000 | 09/01/35 | 49429 |
| 71656 | Freddie Mac Non Gold Pool Series 1L1358<sup>(b)</sup> | H15T1Y + 2.500% | 6.5230 | 05/01/36 | 74016 |
| 188002 | Freddie Mac Non Gold Pool Series 848690<sup>(b)</sup> | H15T1Y + 2.246% | 6.1630 | 03/01/37 | 195729 |
| 8732 | Freddie Mac Non Gold Pool Series 848565<sup>(b)</sup> | RFUCCT1Y + 1.776% | 6.5140 | 12/01/37 | 8970 |
| 31625 | Freddie Mac Non Gold Pool Series 848568<sup>(b)</sup> | H15T1Y + 2.206% | 6.0740 | 09/01/38 | 32508 |
| 441530 | Freddie Mac Non Gold Pool Series 848949<sup>(b)</sup> | H15T1Y + 2.248% | 6.3070 | 09/01/38 | 455052 |
| 45671 | Freddie Mac Non Gold Pool Series 1Q1302<sup>(b)</sup> | RFUCCT1Y + 1.714% | 6.4180 | 11/01/38 | 46694 |
| 15019 | Freddie Mac Non Gold Pool Series 1Q0647<sup>(b)</sup> | RFUCCT1Y + 1.814% | 6.6640 | 11/01/38 | 15435 |
| 67802 | Freddie Mac Non Gold Pool Series 849046<sup>(b)</sup> | RFUCCT1Y + 1.889% | 6.8790 | 09/01/41 | 70347 |
| 276621 | Freddie Mac Pool Series SB8031 |  | 2.5000 | 02/01/35 | 261664 |
| 13178 | Freddie Mac REMICS Series 2102 PE<sup>(d)</sup> |  | 6.5000 | 12/15/28 | 13022 |
| 9222 | Freddie Mac REMICS Series 2131 ZB<sup>(d)</sup> |  | 6.0000 | 03/15/29 | 9005 |
| 6299 | Freddie Mac REMICS Series 2412 OF<sup>(b),(d)</sup> | SOFR30A + 1.064% | 4.7370 | 12/15/31 | 6164 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 48.6% (Continued)** | **U.S. GOVERNMENT & AGENCIES — 48.6% (Continued)** |  |  |  |
|  | **FEDERAL HOME LOAN MORTGAGE CORP.** — **18.9%<sup>(a)</sup> (Continued)** | **FEDERAL HOME LOAN MORTGAGE CORP.** — **18.9%<sup>(a)</sup> (Continued)** |  |  |  |
| 3364 | Freddie Mac REMICS Series 2450 FW<sup>(b),(d)</sup> | SOFR30A + 0.614% | 4.2870 | 03/15/32 | $3261 |
| 11199 | Freddie Mac REMICS Series 2448 FV<sup>(b),(d)</sup> | SOFR30A + 1.114% | 4.7870 | 03/15/32 | 10968 |
| 19556 | Freddie Mac REMICS Series 2581 FD<sup>(b),(d)</sup> | SOFR30A + 0.864% | 4.5370 | 12/15/32 | 19060 |
| 5938 | Freddie Mac REMICS Series 2557 WF<sup>(b),(d)</sup> | SOFR30A + 0.514% | 4.1870 | 01/15/33 | 5745 |
| 18634 | Freddie Mac REMICS Series 2768 PW<sup>(d)</sup> |  | 4.2500 | 03/15/34 | 17906 |
| 108199 | Freddie Mac REMICS Series 2978 JG<sup>(d)</sup> |  | 5.5000 | 05/15/35 | 109754 |
| 158210 | Freddie Mac REMICS Series 3036 NE<sup>(d)</sup> |  | 5.0000 | 09/15/35 | 158327 |
| 50334 | Freddie Mac REMICS Series 3620 AT<sup>(b),(d)</sup> |  | 4.7740 | 12/15/36 | 51537 |
| 95905 | Freddie Mac REMICS Series 3412 AY<sup>(d)</sup> |  | 5.5000 | 02/15/38 | 97659 |
| 78976 | Freddie Mac REMICS Series 3561 W<sup>(c),(d)</sup> |  | 2.5330 | 06/15/48 | 74428 |
|  |  |  |  |  | 13938223 |
|  | **FEDERAL NATIONAL MORTGAGE ASSOCIATION** — **21.8%** **<sup>(a)</sup>** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION** — **21.8%** **<sup>(a)</sup>** |  |  |  |
| 14128 | Fannie Mae Pool Series 642012<sup>(b)</sup> | H15T1Y + 2.265% | 6.5150 | 05/01/32 | 14430 |
| 69850 | Fannie Mae Pool Series 555375 |  | 6.0000 | 04/01/33 | 71875 |
| 7567 | Fannie Mae Pool Series 699985<sup>(b)</sup> | H15T1Y + 2.205% | 6.4630 | 04/01/33 | 7736 |
| 29300 | Fannie Mae Pool Series 721424<sup>(b)</sup> | H15T1Y + 2.287% | 6.2870 | 06/01/33 | 30086 |
| 16154 | Fannie Mae Pool Series 725052<sup>(b)</sup> | H15T1Y + 2.170% | 6.2950 | 07/01/33 | 16496 |
| 12193 | Fannie Mae Pool Series 732087<sup>(b)</sup> | H15T1Y + 2.441% | 6.4410 | 08/01/33 | 12566 |
| 210164 | Fannie Mae Pool Series AD0541<sup>(b)</sup> | H15T1Y + 2.185% | 6.2280 | 11/01/33 | 216322 |
| 6101 | Fannie Mae Pool Series 783245<sup>(b)</sup> | 12MTA + 1.200% | 5.1140 | 04/01/34 | 6101 |
| 16109 | Fannie Mae Pool Series 725392<sup>(b)</sup> | H15T1Y + 2.196% | 6.0650 | 04/01/34 | 16488 |
| 180186 | Fannie Mae Pool Series AL1270<sup>(b)</sup> | H15T1Y + 2.214% | 6.2180 | 10/01/34 | 185645 |
| 28078 | Fannie Mae Pool Series 813844<sup>(b)</sup> | RFUCCT6M + 1.549% | 5.7400 | 01/01/35 | 29195 |
| 9639 | Fannie Mae Pool Series 995552<sup>(b)</sup> | H15T1Y + 2.192% | 6.2050 | 05/01/35 | 9900 |
| 30659 | Fannie Mae Pool Series 735667 |  | 5.0000 | 07/01/35 | 30913 |
| 13318 | Fannie Mae Pool Series 995269<sup>(b)</sup> | RFUCCT6M + 1.546% | 5.8420 | 07/01/35 | 13845 |
| 45960 | Fannie Mae Pool Series AL0361<sup>(b)</sup> | H15T1Y + 2.223% | 6.2230 | 07/01/35 | 47318 |
| 74942 | Fannie Mae Pool Series 889822<sup>(b)</sup> | RFUCCT1Y + 1.551% | 6.2650 | 07/01/35 | 76863 |
| 59106 | Fannie Mae Pool Series 838948<sup>(b)</sup> | RFUCCT6M + 1.510% | 5.7310 | 08/01/35 | 60307 |
| 5633 | Fannie Mae Pool Series 844532<sup>(b)</sup> | 12MTA + 1.706% | 5.6470 | 11/01/35 | 5723 |
| 137510 | Fannie Mae Pool Series 813637<sup>(b)</sup> | H15T1Y + 2.185% | 5.8100 | 01/01/36 | 141777 |
| 27377 | Fannie Mae Pool Series 863729<sup>(b)</sup> | H15T1Y + 2.268% | 5.8930 | 01/01/36 | 28209 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 48.6% (Continued)** | **U.S. GOVERNMENT & AGENCIES — 48.6% (Continued)** |  |  |  |
|  | **FEDERAL NATIONAL MORTGAGE ASSOCIATION** — **21.8%<sup>(a)</sup> (Continued)** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION** — **21.8%<sup>(a)</sup> (Continued)** |  |  |  |
| 97086 | Fannie Mae Pool Series 846749<sup>(b)</sup> | RFUCCT6M + 2.428% | 6.5530 | 01/01/36 | $98636 |
| 7038 | Fannie Mae Pool Series 880366<sup>(b)</sup> | RFUCCT6M + 1.430% | 5.7890 | 02/01/36 | 7159 |
| 55829 | Fannie Mae Pool Series 880373<sup>(b)</sup> | RFUCCT1Y + 1.546% | 5.8790 | 02/01/36 | 57871 |
| 15777 | Fannie Mae Pool Series 886376<sup>(b)</sup> | 12MTA + 2.387% | 6.2950 | 08/01/36 | 16164 |
| 101441 | Fannie Mae Pool Series 920847<sup>(b)</sup> | H15T1Y + 2.500% | 6.3510 | 08/01/36 | 105806 |
| 876 | Fannie Mae Pool Series 879683<sup>(b)</sup> | H15T1Y + 2.145% | 6.2700 | 09/01/36 | 901 |
| 7315 | Fannie Mae Pool Series 995949<sup>(b)</sup> | 12MTA + 2.418% | 6.3310 | 09/01/36 | 7529 |
| 26432 | Fannie Mae Pool Series 995008<sup>(b)</sup> | 12MTA + 2.221% | 6.1530 | 10/01/36 | 27230 |
| 85314 | Fannie Mae Pool Series 900197<sup>(b)</sup> | RFUCCT1Y + 2.075% | 6.7800 | 10/01/36 | 89019 |
| 28622 | Fannie Mae Pool Series AE0870<sup>(b)</sup> | RFUCCT1Y + 1.668% | 6.2680 | 11/01/36 | 29407 |
| 113260 | Fannie Mae Pool Series 889819<sup>(b)</sup> | RFUCCT1Y + 1.561% | 6.1770 | 04/01/37 | 116633 |
| 15798 | Fannie Mae Pool Series 748848<sup>(b)</sup> | H15T1Y + 2.270% | 6.2700 | 06/01/37 | 16368 |
| 51087 | Fannie Mae Pool Series AB5688 |  | 3.5000 | 07/01/37 | 48070 |
| 24574 | Fannie Mae Pool Series AL0920 |  | 5.0000 | 07/01/37 | 24738 |
| 1029 | Fannie Mae Pool Series 899633 |  | 5.5000 | 07/01/37 | 1049 |
| 56500 | Fannie Mae Pool Series AD0959<sup>(b)</sup> | RFUCCT6M + 1.981% | 6.3080 | 07/01/37 | 57568 |
| 26856 | Fannie Mae Pool Series 888628<sup>(b)</sup> | RFUCCT1Y + 1.838% | 6.3510 | 07/01/37 | 27712 |
| 109350 | Fannie Mae Pool Series AL1288<sup>(b)</sup> | RFUCCT1Y + 1.578% | 6.3190 | 09/01/37 | 112136 |
| 5036 | Fannie Mae Pool Series AL0883<sup>(b)</sup> | RFUCCT1Y + 1.589% | 6.0210 | 01/01/38 | 5157 |
| 64031 | Fannie Mae Pool Series 964760<sup>(b)</sup> | RFUCCT1Y + 1.616% | 6.2810 | 08/01/38 | 65506 |
| 2327 | Fannie Mae Pool Series 725320<sup>(b)</sup> | H15T1Y + 2.256% | 6.2820 | 08/01/39 | 2382 |
| 33709 | Fannie Mae Pool Series AC2472 |  | 5.0000 | 06/01/40 | 33858 |
| 927615 | Fannie Mae Pool Series BM1078<sup>(b)</sup> | H15T1Y + 2.163% | 6.0980 | 12/01/40 | 961372 |
| 4925 | Fannie Mae Pool Series AL2559<sup>(b)</sup> | RFUCCT1Y + 1.810% | 6.7770 | 07/01/41 | 5097 |
| 249765 | Fannie Mae Pool Series AJ0875<sup>(b)</sup> | RFUCCT1Y + 1.800% | 6.3660 | 10/01/41 | 260711 |
| 310166 | Fannie Mae Pool Series AO4163 |  | 3.5000 | 06/01/42 | 291806 |
| 177968 | Fannie Mae Pool Series AB5519 |  | 3.5000 | 07/01/42 | 167436 |
| 1580790 | Fannie Mae Pool Series AO8169 |  | 3.5000 | 09/01/42 | 1487195 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 48.6% (Continued)** | **U.S. GOVERNMENT & AGENCIES — 48.6% (Continued)** |  |  |  |
|  | **FEDERAL NATIONAL MORTGAGE ASSOCIATION** — **21.8%<sup>(a)</sup> (Continued)** | **FEDERAL NATIONAL MORTGAGE ASSOCIATION** — **21.8%<sup>(a)</sup> (Continued)** |  |  |  |
| 220351 | Fannie Mae Pool Series AB7016 |  | 4.0000 | 11/01/42 | $213961 |
| 454066 | Fannie Mae Pool Series AQ6238 |  | 3.5000 | 12/01/42 | 428869 |
| 297708 | Fannie Mae Pool Series AQ9715 |  | 3.0000 | 01/01/43 | 273490 |
| 316894 | Fannie Mae Pool Series MA1404 |  | 3.5000 | 04/01/43 | 298133 |
| 96813 | Fannie Mae Pool Series AB9096 |  | 4.0000 | 04/01/43 | 94033 |
| 15041 | Fannie Mae Pool Series 803338<sup>(b)</sup> | 12MTA + 1.200% | 5.1140 | 09/01/44 | 15222 |
| 177589 | Fannie Mae Pool Series MA3536 |  | 4.0000 | 12/01/48 | 169678 |
| 2681291 | Fannie Mae Pool Series CB2846 |  | 2.0000 | 02/01/52 | 2166334 |
| 2549482 | Fannie Mae Pool Series MA4562 |  | 2.0000 | 03/01/52 | 2063424 |
| 929189 | Fannie Mae Pool Series FS8360 |  | 3.5000 | 09/01/52 | 853212 |
| 5733 | Fannie Mae REMICS Series 2000-45 FD<sup>(b),(d)</sup> | SOFR30A + 0.664% | 4.3360 | 12/18/30 | 5562 |
| 3933 | Fannie Mae REMICS Series 2000-45 FG<sup>(b),(d)</sup> | SOFR30A + 0.664% | 4.3360 | 12/18/30 | 3815 |
| 14314 | Fannie Mae REMICS Series 2002-30 FB<sup>(b),(d)</sup> | SOFR30A + 1.114% | 4.7760 | 08/25/31 | 13964 |
| 9291 | Fannie Mae REMICS Series 2002-16 VF<sup>(b),(d)</sup> | SOFR30A + 0.664% | 4.3260 | 04/25/32 | 9017 |
| 2373 | Fannie Mae REMICS Series 2002-71 AP<sup>(d)</sup> |  | 5.0000 | 11/25/32 | 2287 |
| 900 | Fannie Mae REMICS Series 2003-35 FG<sup>(b),(d)</sup> | SOFR30A + 0.414% | 4.0760 | 05/25/33 | 871 |
| 16536 | Fannie Mae REMICS Series 2005-29 WQ<sup>(d)</sup> |  | 5.5000 | 04/25/35 | 16764 |
| 52283 | Fannie Mae REMICS Series 2009-50 PT<sup>(c),(d)</sup> |  | 6.1180 | 05/25/37 | 52767 |
| 48748 | Fannie Mae REMICS Series 2008-86 LA<sup>(c),(d)</sup> |  | 3.4890 | 08/25/38 | 47672 |
| 206121 | Fannie Mae REMICS Series 2010-60 HB<sup>(d)</sup> |  | 5.0000 | 06/25/40 | 205946 |
| 81312 | Fannie Mae REMICS Series 2013-63 YF<sup>(b),(d)</sup> | SOFR30A + 1.114% | 4.7760 | 06/25/43 | 73381 |
| 866186 | Fannie Mae REMICS Series 2020-35 FA<sup>(b),(d)</sup> | SOFR30A + 0.614% | 4.2960 | 06/25/50 | 854759 |
| 1135289 | Fannie Mae-Aces Series 2017-M3 A2<sup>(c)</sup> |  | 2.4750 | 12/25/26 | 1123107 |
| 1999125 | Fannie Mae-Aces Series 2017-M14 A2<sup>(c)</sup> |  | 2.7850 | 11/25/27 | 1959176 |
|  |  |  |  |  | 16091755 |
|  | **GOVERNMENT NATIONAL MORTGAGE ASSOCIATION** — **7.9%** | **GOVERNMENT NATIONAL MORTGAGE ASSOCIATION** — **7.9%** |  |  |  |
| 8432 | Ginnie Mae II Pool Series 891616<sup>(b)</sup> | H15T1Y + 1.400% | 4.9100 | 06/20/58 | 8527 |
| 14955 | Ginnie Mae II Pool Series 710065<sup>(c)</sup> |  | 4.8100 | 02/20/61 | 14950 |
| 1701 | Ginnie Mae II Pool Series 894704<sup>(b)</sup> | H15T1Y + 0.758% | 4.2690 | 10/20/61 | 1705 |
| 1294 | Ginnie Mae II Pool Series 773437<sup>(c)</sup> |  | 4.4850 | 02/20/62 | 1272 |
| 2081 | Ginnie Mae II Pool Series 759745<sup>(c)</sup> |  | 4.8150 | 05/20/62 | 2079 |
| 45989 | Ginnie Mae II Pool Series 897906<sup>(b)</sup> | H15T1Y + 1.037% | 4.5340 | 06/20/62 | 46232 |
| 152745 | Ginnie Mae II Pool Series 896363<sup>(b)</sup> | H15T1Y + 0.687% | 4.1960 | 07/20/62 | 153439 |
| 921 | Ginnie Mae II Pool Series 766556<sup>(c)</sup> |  | 4.7550 | 08/20/62 | 906 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 48.6% (Continued)** | **U.S. GOVERNMENT & AGENCIES — 48.6% (Continued)** |  |  |  |
|  | **GOVERNMENT NATIONAL MORTGAGE ASSOCIATION** — **7.9% (Continued)** | **GOVERNMENT NATIONAL MORTGAGE ASSOCIATION** — **7.9% (Continued)** |  |  |  |
| 6670 | Ginnie Mae II Pool Series 777432<sup>(c)</sup> |  | 4.5990 | 10/20/62 | $6650 |
| 45252 | Ginnie Mae II Pool Series 899072<sup>(b)</sup> | RFUCCT1M + 1.751% | 5.6030 | 10/20/62 | 46060 |
| 3686 | Ginnie Mae II Pool Series 765229<sup>(c)</sup> |  | 4.5530 | 11/20/62 | 3605 |
| 227151 | Ginnie Mae II Pool Series 899633<sup>(b)</sup> | RFUCCT1M + 1.773% | 5.6120 | 01/20/63 | 233207 |
| 14641 | Ginnie Mae II Pool Series 898433<sup>(b)</sup> | RFUCCT1M + 2.182% | 6.0180 | 01/20/63 | 15110 |
| 107393 | Ginnie Mae II Pool Series 899765<sup>(b)</sup> | RFUCCT1M + 1.846% | 5.6830 | 02/20/63 | 110007 |
| 103693 | Ginnie Mae II Pool Series 899650<sup>(b)</sup> | RFUCCT1M + 1.890% | 5.7260 | 02/20/63 | 105498 |
| 30985 | Ginnie Mae II Pool Series 898436<sup>(b)</sup> | RFUCCT1M + 2.130% | 5.9660 | 02/20/63 | 31733 |
| 41145 | Ginnie Mae II Pool Series 899651<sup>(b)</sup> | RFUCCT1M + 2.378% | 6.2130 | 02/20/63 | 42130 |
| 5292 | Ginnie Mae II Pool Series AE9606<sup>(b)</sup> | H15T1Y + 1.140% | 4.6500 | 08/20/64 | 5356 |
| 300 | Ginnie Mae II Pool Series AG8190<sup>(b)</sup> | H15T1Y + 1.140% | 4.6500 | 09/20/64 | 304 |
| 2548 | Ginnie Mae II Pool Series AG8209<sup>(b)</sup> | H15T1Y + 0.870% | 4.3770 | 10/20/64 | 2561 |
| 807 | Ginnie Mae II Pool Series AG8275<sup>(b)</sup> | H15T1Y + 1.140% | 4.6500 | 03/20/65 | 817 |
| 18695 | Government National Mortgage Association Series 2003-72 Z<sup>(c)</sup> |  | 5.4910 | 11/16/45 | 18656 |
| 114682 | Government National Mortgage Association Series 2014-H12 HZ<sup>(c),(d)</sup> |  | 4.5920 | 06/20/64 | 112153 |
| 481 | Government National Mortgage Association Series 2015-H09 HA<sup>(d)</sup> |  | 1.7500 | 03/20/65 | 432 |
| 1616381 | Government National Mortgage Association Series 2018-H16 FA<sup>(b),(d)</sup> | TSFR1M + 0.534% | 4.2030 | 09/20/68 | 1613082 |
| 1296302 | Government National Mortgage Association Series 2020-H04 FP<sup>(b),(d)</sup> | TSFR1M + 0.614% | 4.2830 | 06/20/69 | 1297550 |
| 1947001 | Government National Mortgage Association Series 2020-H02 FG<sup>(b),(d)</sup> | TSFR1M + 0.714% | 4.3830 | 01/20/70 | 1948076 |
|  |  |  |  |  | 5822097 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $36,633,570)** | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $36,633,570)** |  |  | 35852075 |
|  | **U.S. TREASURY NOTES** — **38.6%** | **U.S. TREASURY NOTES** — **38.6%** |  |  |  |
| 205000 | United States Treasury Note |  | 4.8750 | 05/31/26 | 205346 |
| 1000000 | United States Treasury Note |  | 4.1250 | 06/15/26 | 1000852 |
| 870000 | United States Treasury Note |  | 3.7500 | 08/31/26 | 870048 |
| 430000 | United States Treasury Note |  | 3.5000 | 09/30/26 | 429440 |
| 810000 | United States Treasury Note |  | 4.1250 | 10/31/26 | 811476 |
| 815000 | United States Treasury Note |  | 4.6250 | 11/15/26 | 819208 |
| 480000 | United States Treasury Note |  | 4.2500 | 11/30/26 | 481597 |
| 555000 | United States Treasury Note |  | 4.2500 | 12/31/26 | 556992 |
| 595000 | United States Treasury Note |  | 4.1250 | 01/31/27 | 596896 |
| 185000 | United States Treasury Note |  | 4.1250 | 02/28/27 | 185627 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. TREASURY NOTES** — **38.6% (Continued)** |  |  |  |
| 300000 | United States Treasury Note | 3.8750 | 03/31/27 | $300362 |
| 480000 | United States Treasury Note | 3.7500 | 04/30/27 | 479918 |
| 965000 | United States Treasury Note | 3.8750 | 05/31/27 | 965735 |
| 810000 | United States Treasury Note | 3.8750 | 07/31/27 | 810380 |
| 565000 | United States Treasury Note | 3.6250 | 08/31/27 | 563378 |
| 684000 | United States Treasury Note | 3.5000 | 09/30/27 | 680700 |
| 372000 | United States Treasury Note | 3.5000 | 10/31/27 | 370038 |
| 709000 | United States Treasury Note | 3.3750 | 11/30/27 | 703766 |
| 753000 | United States Treasury Note | 3.3750 | 12/31/27 | 747235 |
| 1108000 | United States Treasury Note | 3.5000 | 01/31/28 | 1101724 |
| 372000 | United States Treasury Note | 3.3750 | 02/29/28 | 369065 |
| 270000 | United States Treasury Note | 3.6250 | 03/31/28 | 269040 |
| 4611000 | United States Treasury Note | 3.8750 | 03/31/28 | 4617754 |
| 2190000 | United States Treasury Note | 4.0000 | 01/31/29 | 2200052 |
| 506000 | United States Treasury Note | 3.8750 | 03/31/31 | 504439 |
| 3420000 | United States Treasury Note | 4.1250 | 11/15/32 | 3423340 |
| 320000 | United States Treasury Note | 4.2500 | 11/15/34 | 320162 |
| 720000 | United States Treasury Note | 4.6250 | 02/15/35 | 739392 |
| 555000 | United States Treasury Note | 4.2500 | 05/15/35 | 554035 |
| 275000 | United States Treasury Note | 4.2500 | 08/15/35 | 274227 |
| 1028000 | United States Treasury Note | 4.0000 | 11/15/35 | 1003665 |
| 1568000 | United States Treasury Note | 4.1250 | 02/15/36 | 1544848 |
|  | **TOTAL U.S. TREASURY NOTES (Cost $28,555,341)** |  |  | 28500737 |
|  |  | **Yield (%)** |  |  |
|  | **SHORT-TERM INVESTMENTS** — **12.1%** |  |  |  |
|  | **AGENCY DISCOUNT NOTES** — **4.2%** |  |  |  |
| 3122000 | Federal Home Loan Bank Discount Notes | 3.19 | 04/08/26 | 3119818 |
|  | **U.S. TREASURY BILLS** — **7.9%** |  |  |  |
| 1553000 | United States Treasury Bill | 3.14 | 04/07/26 | 1552067 |
| 2627000 | United States Treasury Bill | 3.63 | 05/28/26 | 2611935 |
| 1689000 | United States Treasury Bill | 3.63 | 06/04/26 | 1678157 |
|  |  |  |  | 5842159 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $8,962,184)** |  |  | 8961977 |

---

---

| | |
|:---|:---|
| **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** | **TRANSWESTERN INSTITUTIONAL SHORT DURATION GOVERNMENT BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** |
|  | **Fair Value** |
| **TOTAL INVESTMENTS - 99.3% (Cost $74,151,095)** | $73314789 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.7%** | 541995 |
| **NET ASSETS - 100.0%** | $73856784 |

---

---

| | |
|:---|:---|
| 12MTA | Federal Reserve US 12 Month Cumulative Avg 1 Year CMT |
| H15T1Y | US Treasury Yield Curve Rate T Note Constant Maturity 1 Year |
| REMIC | Real Estate Mortgage Investment Conduit |
| RFUCCT1M | Refinitiv USD IBOR Consumer Cash Fallbacks 1 Month Term |
| RFUCCT1Y | Refinitiv USD IBOR Consumer Cash Fallbacks 1 Year Term |
| RFUCCT6M | Refinitiv USD IBOR Consumer Cash Fallbacks 6 Month Term |
| SOFR30A | United States 30 Day Average SOFR Secured Overnight Financing Rate |
| TSFR1M | Term Secured Overnight Financing Rate |

---

<sup>(a)</sup> Issuer operates under a Congressional charter; its securities are neither issued nor guaranteed by the U.S. government. The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation currently operate under a federal conservatorship.

<sup>(b)</sup> Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

<sup>(c)</sup> Variable rate security; the rate shown represents the rate on March 31, 2026.

<sup>(d)</sup> Collateralized mortgage obligation (CMO).

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Lights Fund Trust

- **b. Investment Company Act file number:** 811-21720

- **c. CIK number of Registrant:** 0001314414

- **d. LEI of Registrant:** 549300BSYF57GRCG4861

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Transwestern Institutional Short Duration Govt Bd Fd

- **b. EDGAR series identifier (if any):** S000030560

- **c. LEI of Series:** 549300F9F3VX5D6MRP98

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $76741102.57

**Total Liabilities:** $2884318.59

**Net Assets:** $73856783.98

**Cash Not Reported:** $951607.81

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 80.07324200 | **1-Year:** 2312.53078400 | **5-Year:** 6849.87131900 | **10-Year:** 4087.55914200 | **30-Year:** 5.44279800

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000094762 | 0.16%                | 0.91%                | -0.67%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8500.05                | $-57886.46                                 |
| Month 2  | $78731.19                | $394188.88                                 |
| Month 3  | $-16229.61               | $-681123.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal Home Loan Mortgage Corp.                       | FH 1B2025        | CUSIP: 3128JMD79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     38084 | PA      | $39300.69     | 0.05%             | 2034-06-01      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FG G08448        | CUSIP: 3128MJQA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33811 | PA      | $34206.26     | 0.05%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 1L1358        | CUSIP: 3128Q3QK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     71656 | PA      | $74015.98     | 0.10%             | 2036-05-01      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 1Q0160        | CUSIP: 3128S4E94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     48108 | PA      | $49429.35     | 0.07%             | 2035-09-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 1Q0647        | CUSIP: 3128S4WG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15019 | PA      | $15435.45     | 0.02%             | 2038-11-01      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 1Q1302        | CUSIP: 3128S5NT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     45671 | PA      | $46694.12     | 0.06%             | 2038-11-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 848949        | CUSIP: 31300L5J0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    441530 | PA      | $455051.52    | 0.62%             | 2038-09-01      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 848565        | CUSIP: 31300LQS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8732 | PA      | $8969.91      | 0.01%             | 2037-12-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 848568        | CUSIP: 31300LQV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     31625 | PA      | $32507.97     | 0.04%             | 2038-09-01      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 848690        | CUSIP: 31300LUP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    188002 | PA      | $195729.07    | 0.27%             | 2037-03-01      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 849046        | CUSIP: 31300MBP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67802 | PA      | $70347.27     | 0.10%             | 2041-09-01      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FR SB8031        | CUSIP: 3132D54Q2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    276621 | PA      | $261664.34    | 0.35%             | 2035-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FG U92432        | CUSIP: 3132HCSV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     84056 | PA      | $81432.14     | 0.11%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FG Q18571        | CUSIP: 3132J96H6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    355143 | PA      | $334825.68    | 0.45%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FG Q20545        | CUSIP: 3132JMTA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    221235 | PA      | $208834.67    | 0.28%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 972132        | CUSIP: 31336CLM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     33575 | PA      | $34504.76     | 0.05%             | 2033-11-01      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                | FHLBDN 04/08/26  | CUSIP: 313385VG8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3122000 | PA      | $3119818.40   | 4.22%             | 2026-04-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2412 OF      | CUSIP: 31339DVL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      6299 | PA      | $6163.79      | 0.01%             | 2031-12-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2102 PE      | CUSIP: 3133THG84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     13178 | PA      | $13021.66     | 0.02%             | 2028-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2131 ZB      | CUSIP: 3133TK5Q9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      9222 | PA      | $9005.01      | 0.01%             | 2029-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FH 780722        | CUSIP: 31342AYT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67683 | PA      | $69184.67     | 0.09%             | 2033-08-01      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2000-45 FD   | CUSIP: 31358SZY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      5733 | PA      | $5561.97      | 0.01%             | 2030-12-18      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2000-45 FG   | CUSIP: 31358SZZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      3932 | PA      | $3814.99      | 0.01%             | 2030-12-18      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2013-63 YF   | CUSIP: 3136AEPD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     81312 | PA      | $73381.22     | 0.10%             | 2043-06-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FNA 2017-M3 A2   | CUSIP: 3136AVYL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1135289 | PA      | $1123106.54   | 1.52%             | 2026-12-25      | Floating      | 2.47%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNA 2017-M14 A2  | CUSIP: 3136AY2H5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1999125 | PA      | $1959176.33   | 2.65%             | 2027-11-25      | Floating      | 2.79%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2020-35 FA   | CUSIP: 3136BANP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    866186 | PA      | $854758.85    | 1.16%             | 2050-06-25      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHMS KJ21 A2     | CUSIP: 3137FHGE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     55707 | PA      | $55498.70     | 0.08%             | 2026-09-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHMS KF77 AL     | CUSIP: 3137FRYZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    940414 | PA      | $941200.67    | 1.27%             | 2027-02-25      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHMS KF80 AS     | CUSIP: 3137FUNV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    384492 | PA      | $383525.68    | 0.52%             | 2030-06-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHMS KF82 AL     | CUSIP: 3137FV2F8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    787633 | PA      | $785724.55    | 1.06%             | 2030-06-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHMS KF82 AS     | CUSIP: 3137FV2G6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    525089 | PA      | $524095.61    | 0.71%             | 2030-06-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                | FHMS Q016 APT1   | CUSIP: 3137H2NT7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-O            | USGSE             | US        |   1206062 | PA      | $1203356.81   | 1.63%             | 2051-05-25      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHMS KJ42 A2     | CUSIP: 3137H92P3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2580000 | PA      | $2544563.70   | 3.45%             | 2032-11-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHMS K758 A2     | CUSIP: 3137HHJF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1800000 | PA      | $1829706.48   | 2.48%             | 2031-10-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHMS K531 AS     | CUSIP: 3137HHUP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1078542 | PA      | $1076307.14   | 1.46%             | 2029-09-25      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHMS K540 A2     | CUSIP: 3137HLJA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1085000 | PA      | $1096900.93   | 1.49%             | 2030-02-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHMS K546 A2     | CUSIP: 3137HN4R6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    905000 | PA      | $908371.13    | 1.23%             | 2030-05-25      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 555375        | CUSIP: 31385W6L8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     69850 | PA      | $71874.67     | 0.10%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AJ0875        | CUSIP: 3138AR6M1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    249765 | PA      | $260711.34    | 0.35%             | 2041-10-01      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AL0883        | CUSIP: 3138EG6V1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5036 | PA      | $5156.52      | 0.01%             | 2038-01-01      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AL0361        | CUSIP: 3138EGMK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45960 | PA      | $47317.96     | 0.06%             | 2035-07-01      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AL0920        | CUSIP: 3138EHAW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24574 | PA      | $24738.28     | 0.03%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AL1270        | CUSIP: 3138EHMU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    180186 | PA      | $185645.34    | 0.25%             | 2034-10-01      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AL1288        | CUSIP: 3138EHNE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    109350 | PA      | $112136.50    | 0.15%             | 2037-09-01      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AL2559        | CUSIP: 3138EJZZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4925 | PA      | $5096.67      | 0.01%             | 2041-07-01      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AO4163        | CUSIP: 3138LUTV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    310166 | PA      | $291806.28    | 0.40%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AO8169        | CUSIP: 3138M0CF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1580790 | PA      | $1487194.63   | 2.01%             | 2042-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AQ6238        | CUSIP: 3138MM4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    454066 | PA      | $428868.59    | 0.58%             | 2042-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AQ9715        | CUSIP: 3138MRYM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    297708 | PA      | $273490.17    | 0.37%             | 2043-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 642012        | CUSIP: 31390CGV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14128 | PA      | $14430.36     | 0.02%             | 2032-05-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2002-30 FB   | CUSIP: 31392CH49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     14314 | PA      | $13964.36     | 0.02%             | 2031-08-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2002-16 VF   | CUSIP: 31392CWW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      9291 | PA      | $9017.10      | 0.01%             | 2032-04-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2002-71 AP   | CUSIP: 31392FES2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      2373 | PA      | $2287.44      | 0.00%             | 2032-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2450 FW      | CUSIP: 31392KN93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      3364 | PA      | $3260.74      | 0.00%             | 2032-03-15      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2448 FV      | CUSIP: 31392KYW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     11199 | PA      | $10968.29     | 0.01%             | 2032-03-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2003-35 FG   | CUSIP: 31393BM85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |       900 | PA      | $871.36       | 0.00%             | 2033-05-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2557 WF      | CUSIP: 31393JPL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      5938 | PA      | $5745.15      | 0.01%             | 2033-01-15      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2581 FD      | CUSIP: 31393LX99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     19556 | PA      | $19060.29     | 0.03%             | 2032-12-15      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2005-29 WQ   | CUSIP: 31394DJE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     16536 | PA      | $16764.48     | 0.02%             | 2035-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2768 PW      | CUSIP: 31394TAG0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     18634 | PA      | $17906.30     | 0.02%             | 2034-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 2978 JG      | CUSIP: 31395UKP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    108199 | PA      | $109754.33    | 0.15%             | 2035-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 3036 NE      | CUSIP: 31396AXW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    158210 | PA      | $158327.31    | 0.21%             | 2035-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2009-50 PT   | CUSIP: 31396QMN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     52283 | PA      | $52766.80     | 0.07%             | 2037-05-25      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2008-86 LA   | CUSIP: 31397ME86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     48748 | PA      | $47672.48     | 0.06%             | 2038-08-25      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 3412 AY      | CUSIP: 31397RFM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     95905 | PA      | $97659.41     | 0.13%             | 2038-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 3561 W       | CUSIP: 31398JLT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     78976 | PA      | $74427.96     | 0.10%             | 2048-06-15      | Floating      | 2.53%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNR 2010-60 HB   | CUSIP: 31398RGA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    206121 | PA      | $205946.11    | 0.28%             | 2040-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHR 3620 AT      | CUSIP: 31398WB86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     50334 | PA      | $51537.38     | 0.07%             | 2036-12-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 699985        | CUSIP: 31400WUJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7567 | PA      | $7735.70      | 0.01%             | 2033-04-01      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 721424        | CUSIP: 31401XPH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29300 | PA      | $30085.86     | 0.04%             | 2033-06-01      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 725392        | CUSIP: 31402C2Z4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16109 | PA      | $16487.73     | 0.02%             | 2034-04-01      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 725052        | CUSIP: 31402CQD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16154 | PA      | $16495.94     | 0.02%             | 2033-07-01      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 725320        | CUSIP: 31402CYR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2327 | PA      | $2382.15      | 0.00%             | 2039-08-01      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 732087        | CUSIP: 31402LJ86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12193 | PA      | $12565.72     | 0.02%             | 2033-08-01      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 735667        | CUSIP: 31402RJL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30659 | PA      | $30912.60     | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 748848        | CUSIP: 31403G5H1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15798 | PA      | $16367.84     | 0.02%             | 2037-06-01      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 783245        | CUSIP: 31405AES8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6101 | PA      | $6101.28      | 0.01%             | 2034-04-01      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 803338        | CUSIP: 31405YPX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15041 | PA      | $15221.94     | 0.02%             | 2044-09-01      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 813637        | CUSIP: 31406L4W5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137510 | PA      | $141776.82    | 0.19%             | 2036-01-01      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 813844        | CUSIP: 31406MER3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28078 | PA      | $29194.69     | 0.04%             | 2035-01-01      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 838948        | CUSIP: 31407SBR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59106 | PA      | $60307.29     | 0.08%             | 2035-08-01      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 844532        | CUSIP: 31407YHH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5633 | PA      | $5723.07      | 0.01%             | 2035-11-01      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 846749        | CUSIP: 31408BWJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97086 | PA      | $98636.46     | 0.13%             | 2036-01-01      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 863729        | CUSIP: 31408XSS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27377 | PA      | $28208.78     | 0.04%             | 2036-01-01      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 879683        | CUSIP: 31409VJ46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       876 | PA      | $901.38       | 0.00%             | 2036-09-01      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 880366        | CUSIP: 31409WCB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7038 | PA      | $7158.64      | 0.01%             | 2036-02-01      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 880373        | CUSIP: 31409WCJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55829 | PA      | $57871.38     | 0.08%             | 2036-02-01      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN BM1078        | CUSIP: 3140J5FU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    927615 | PA      | $961372.33    | 1.30%             | 2040-12-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN CB2846        | CUSIP: 3140QNEU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2681291 | PA      | $2166333.88   | 2.93%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN FS8360        | CUSIP: 3140XQJE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    929189 | PA      | $853212.38    | 1.16%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 886376        | CUSIP: 31410DXD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15777 | PA      | $16164.00     | 0.02%             | 2036-08-01      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 888628        | CUSIP: 31410GHD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26856 | PA      | $27711.60     | 0.04%             | 2037-07-01      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 889819        | CUSIP: 31410KSG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    113260 | PA      | $116633.49    | 0.16%             | 2037-04-01      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 889822        | CUSIP: 31410KSK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74942 | PA      | $76863.20     | 0.10%             | 2035-07-01      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 899633        | CUSIP: 31410WPS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1029 | PA      | $1048.96      | 0.00%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 900197        | CUSIP: 31410XDA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85314 | PA      | $89018.61     | 0.12%             | 2036-10-01      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 920847        | CUSIP: 31412CBQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    101440 | PA      | $105805.68    | 0.14%             | 2036-08-01      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 964760        | CUSIP: 31414FJD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64031 | PA      | $65505.59     | 0.09%             | 2038-08-01      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 995552        | CUSIP: 31416B5M6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9639 | PA      | $9900.03      | 0.01%             | 2035-05-01      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 995008        | CUSIP: 31416BKV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26432 | PA      | $27230.05     | 0.04%             | 2036-10-01      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 995269        | CUSIP: 31416BT24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13318 | PA      | $13844.95     | 0.02%             | 2035-07-01      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN 995949        | CUSIP: 31416CL61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7315 | PA      | $7529.02      | 0.01%             | 2036-09-01      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AB5519        | CUSIP: 31417CDZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    177968 | PA      | $167435.54    | 0.23%             | 2042-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AB5688        | CUSIP: 31417CKA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51087 | PA      | $48069.94     | 0.07%             | 2037-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AB7016        | CUSIP: 31417DYN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    220351 | PA      | $213961.07    | 0.29%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                | FN AB9096        | CUSIP: 31417GDA1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |     96813 | PA      | $94033.27     | 0.13%             | 2043-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AC2472        | CUSIP: 31417LXA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33709 | PA      | $33857.88     | 0.05%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                | FN MA1404        | CUSIP: 31418AR26<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |    316894 | PA      | $298132.93    | 0.40%             | 2043-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN MA3536        | CUSIP: 31418C4W1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    177589 | PA      | $169677.57    | 0.23%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FN MA4562        | CUSIP: 31418EB82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2549482 | PA      | $2063424.14   | 2.79%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AD0541        | CUSIP: 31418MS78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210164 | PA      | $216321.66    | 0.29%             | 2033-11-01      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AD0959        | CUSIP: 31418NB58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56500 | PA      | $57567.83     | 0.08%             | 2037-07-01      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN AE0870        | CUSIP: 31419A6G7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28622 | PA      | $29406.74     | 0.04%             | 2036-11-01      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 765229        | CUSIP: 36176F4N5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3686 | PA      | $3604.64      | 0.00%             | 2062-11-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 766556        | CUSIP: 36176HMD3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       921 | PA      | $905.98       | 0.00%             | 2062-08-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 773437        | CUSIP: 36176RBE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1294 | PA      | $1271.81      | 0.00%             | 2062-02-20      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 777432        | CUSIP: 36176VPR8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      6670 | PA      | $6650.26      | 0.01%             | 2062-10-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 AE9606        | CUSIP: 36181DU79<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5292 | PA      | $5355.72      | 0.01%             | 2064-08-20      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 AG8190        | CUSIP: 36182DC37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       300 | PA      | $303.80       | 0.00%             | 2064-09-20      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 AG8209        | CUSIP: 36182DDN2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2548 | PA      | $2560.45      | 0.00%             | 2064-10-20      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 AG8275        | CUSIP: 36182DFQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       807 | PA      | $817.30       | 0.00%             | 2065-03-20      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 891616        | CUSIP: 36208AZR5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      8432 | PA      | $8526.99      | 0.01%             | 2058-06-20      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 899072        | CUSIP: 3620E02E5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     45252 | PA      | $46060.40     | 0.06%             | 2062-10-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 898433        | CUSIP: 3620E05W2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14641 | PA      | $15109.94     | 0.02%             | 2063-01-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 899633        | CUSIP: 3620E06X9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    227151 | PA      | $233206.92    | 0.32%             | 2063-01-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 894704        | CUSIP: 3620E0QF6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1701 | PA      | $1705.26      | 0.00%             | 2061-10-20      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 897906        | CUSIP: 3620E0VW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     45989 | PA      | $46232.42     | 0.06%             | 2062-06-20      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 896363        | CUSIP: 3620E0W69<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    152744 | PA      | $153438.45    | 0.21%             | 2062-07-20      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 899765        | CUSIP: 3620E1AJ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    107393 | PA      | $110007.21    | 0.15%             | 2063-02-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 898436        | CUSIP: 3620E1AM6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     30985 | PA      | $31733.34     | 0.04%             | 2063-02-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 899651        | CUSIP: 3620E1AW4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     41145 | PA      | $42130.41     | 0.06%             | 2063-02-20      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 899650        | CUSIP: 3620E1AY0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    103693 | PA      | $105497.66    | 0.14%             | 2063-02-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 759745        | CUSIP: 36230UZJ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2081 | PA      | $2078.60      | 0.00%             | 2062-05-20      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 710065        | CUSIP: 36297EZ65<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14955 | PA      | $14950.17     | 0.02%             | 2061-02-20      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GNR 2003-72 Z    | CUSIP: 38374BQR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     18695 | PA      | $18656.00     | 0.03%             | 2045-11-16      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GNR 2014-H12 HZ  | CUSIP: 38375UJX9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    114682 | PA      | $112152.65    | 0.15%             | 2064-06-20      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GNR 2015-H09 HA  | CUSIP: 38375UWF3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       481 | PA      | $431.88       | 0.00%             | 2065-03-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GNR 2020-H04 FP  | CUSIP: 38380L2S1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1296302 | PA      | $1297550.31   | 1.76%             | 2069-06-20      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GNR 2018-H16 FA  | CUSIP: 38380LKR3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1616381 | PA      | $1613082.35   | 2.18%             | 2068-09-20      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | GNR 2020-H02 FG  | CUSIP: 38380LU50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1947001 | PA      | $1948076.19   | 2.64%             | 2070-01-20      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                           | B 05/28/26       | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2627000 | PA      | $2611934.60   | 3.54%             | 2026-05-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                           | B 06/04/26       | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1689000 | PA      | $1678156.62   | 2.27%             | 2026-06-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                           | B 04/07/26       | CUSIP: 912797TG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1553000 | PA      | $1552066.83   | 2.10%             | 2026-04-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/8 11/15/32 | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3420000 | PA      | $3423339.84   | 4.64%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 1/2 01/31/28 | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1108000 | PA      | $1101724.22   | 1.49%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 5/8 03/31/28 | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    270000 | PA      | $269040.23    | 0.36%             | 2028-03-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/8 06/15/26 | CUSIP: 91282CHH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1000851.79   | 1.36%             | 2026-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 5/8 11/15/26 | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    815000 | PA      | $819207.70    | 1.11%             | 2026-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 01/31/29     | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2190000 | PA      | $2200051.75   | 2.98%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 7/8 05/31/26 | CUSIP: 91282CKS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    205000 | PA      | $205346.48    | 0.28%             | 2026-05-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 3/4 08/31/26 | CUSIP: 91282CLH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    870000 | PA      | $870047.98    | 1.18%             | 2026-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 1/2 09/30/26 | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    430000 | PA      | $429439.79    | 0.58%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/8 10/31/26 | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    810000 | PA      | $811476.33    | 1.10%             | 2026-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/4 11/15/34 | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    320000 | PA      | $320162.50    | 0.43%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/4 11/30/26 | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    480000 | PA      | $481597.00    | 0.65%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/4 12/31/26 | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    555000 | PA      | $556991.96    | 0.75%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/8 01/31/27 | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    595000 | PA      | $596896.37    | 0.81%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 5/8 02/15/35 | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    720000 | PA      | $739392.18    | 1.00%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/8 02/28/27 | CUSIP: 91282CMP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    185000 | PA      | $185627.16    | 0.25%             | 2027-02-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 7/8 03/31/27 | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $300361.94    | 0.41%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 3/4 04/30/27 | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    480000 | PA      | $479918.49    | 0.65%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/4 05/15/35 | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    555000 | PA      | $554035.25    | 0.75%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 7/8 05/31/27 | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    965000 | PA      | $965735.06    | 1.31%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 7/8 07/31/27 | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    810000 | PA      | $810379.69    | 1.10%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/4 08/15/35 | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    275000 | PA      | $274226.56    | 0.37%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 5/8 08/31/27 | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    565000 | PA      | $563377.83    | 0.76%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 1/2 09/30/27 | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    684000 | PA      | $680700.23    | 0.92%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 1/2 10/31/27 | CUSIP: 91282CPE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    372000 | PA      | $370038.28    | 0.50%             | 2027-10-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 11/15/35     | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1028000 | PA      | $1003665.31   | 1.36%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 3/8 11/30/27 | CUSIP: 91282CPL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    709000 | PA      | $703765.59    | 0.95%             | 2027-11-30      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 3/8 12/31/27 | CUSIP: 91282CPS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    753000 | PA      | $747234.84    | 1.01%             | 2027-12-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4 1/8 02/15/36 | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1568000 | PA      | $1544847.51   | 2.09%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 3/8 02/29/28 | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    372000 | PA      | $369064.69    | 0.50%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 7/8 03/31/31 | CUSIP: 91282CQG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    506000 | PA      | $504438.51    | 0.68%             | 2031-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3 7/8 03/31/28 | CUSIP: 91282CQH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4611000 | PA      | $4617754.38   | 6.25%             | 2028-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

**Name of Applicant:** Northern Lights Fund Trust

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer