# EDGAR Filing Document

**Accession Number:** 0000925723
**File Stem:** 0000925723-26-000021
**Filing Date:** 2026-4
**Character Count:** 150322
**Document Hash:** 70b39169295b24066147a39717de0353
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000925723-26-000021.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0000925723-26-000021

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Institutional Trust
- **CENTRAL INDEX KEY:** 0000925723

**ORGANIZATION NAME:**
- **EIN:** 251737663
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07193
- **FILM NUMBER:** 26886163

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INSTITUTIONAL TRUST
- **DATE OF NAME CHANGE:** 19940621

## Series and Classes Contracts Data

### Federated Hermes Government Ultrashort Fund (Series ID: S000009740)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000026761 | Class A Shares       | FGUAX           |
| C000026762 | Service Shares       | FEUSX           |
| C000026763 | Institutional Shares | FGUSX           |
| C000168177 | Class R6 Shares      | FGULX           |

## Nport-Ex

Federated Hermes Government Ultrashort Fund

Portfolio of Investments

February 28, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| COLLATERALIZED MORTGAGE OBLIGATIONS—43.1% |  |
|  | **Federal Home Loan Mortgage Corporation—13.8%** |  |
| $57252 | Series 242, Class F29, 4.022% (30-DAY AVERAGE SOFR +0.364%), 11/15/2036 | &nbsp;&nbsp; $56716 |
| &nbsp;&nbsp; 40635 | Series 244, Class F22, 4.122% (30-DAY AVERAGE SOFR +0.464%), 12/15/2036 | &nbsp;&nbsp; 40358 |
| &nbsp;&nbsp; 95739 | Series 244, Class F30, 4.072% (30-DAY AVERAGE SOFR +0.414%), 12/15/2036 | &nbsp;&nbsp; 94957 |
| &nbsp;&nbsp; 6275 | Series 2111, Class MA, 4.272% (30-DAY AVERAGE SOFR +0.614%), 1/15/2029 | &nbsp;&nbsp; 6279 |
| &nbsp;&nbsp; 6412 | Series 2111, Class MB, 4.272% (30-DAY AVERAGE SOFR +0.614%), 1/15/2029 | &nbsp;&nbsp; 6416 |
| &nbsp;&nbsp; 6548 | Series 2111, Class MC, 4.272% (30-DAY AVERAGE SOFR +0.614%), 1/15/2029 | &nbsp;&nbsp; 6552 |
| &nbsp;&nbsp; 16835 | Series 2286, Class FA, 4.172% (30-DAY AVERAGE SOFR +0.514%), 2/15/2031 | &nbsp;&nbsp; 16831 |
| &nbsp;&nbsp; 35526 | Series 2296, Class FC, 4.272% (30-DAY AVERAGE SOFR +0.614%), 6/15/2029 | &nbsp;&nbsp; 35568 |
| &nbsp;&nbsp; 71096 | Series 2326, Class FJ, 4.722% (30-DAY AVERAGE SOFR +1.064%), 6/15/2031 | &nbsp;&nbsp; 71636 |
| &nbsp;&nbsp; 122782 | Series 2344, Class FP, 4.722% (30-DAY AVERAGE SOFR +1.064%), 8/15/2031 | &nbsp;&nbsp; 123749 |
| &nbsp;&nbsp; 49194 | Series 2367, Class FG, 4.392% (30-DAY AVERAGE SOFR +0.734%), 6/15/2031 | &nbsp;&nbsp; 49352 |
| &nbsp;&nbsp; 19772 | Series 2380, Class FI, 4.372% (30-DAY AVERAGE SOFR +0.714%), 6/15/2031 | &nbsp;&nbsp; 19828 |
| &nbsp;&nbsp; 86924 | Series 2380, Class FL, 4.372% (30-DAY AVERAGE SOFR +0.714%), 11/15/2031 | &nbsp;&nbsp; 87087 |
| &nbsp;&nbsp; 62129 | Series 2386, Class FE, 4.472% (30-DAY AVERAGE SOFR +0.814%), 6/15/2031 | &nbsp;&nbsp; 62460 |
| &nbsp;&nbsp; 25258 | Series 2389, Class FI, 4.522% (30-DAY AVERAGE SOFR +0.864%), 6/15/2031 | &nbsp;&nbsp; 25417 |
| &nbsp;&nbsp; 8870 | Series 2395, Class FT, 4.222% (30-DAY AVERAGE SOFR +0.564%), 12/15/2031 | &nbsp;&nbsp; 8874 |
| &nbsp;&nbsp; 4151 | Series 2396, Class FL, 4.372% (30-DAY AVERAGE SOFR +0.714%), 12/15/2031 | &nbsp;&nbsp; 4157 |
| &nbsp;&nbsp; 89559 | Series 2412, Class OF, 4.722% (30-DAY AVERAGE SOFR +1.064%), 12/15/2031 | &nbsp;&nbsp; 90246 |
| &nbsp;&nbsp; 19124 | Series 2418, Class FO, 4.672% (30-DAY AVERAGE SOFR +1.014%), 2/15/2032 | &nbsp;&nbsp; 19190 |
| &nbsp;&nbsp; 24768 | Series 2451, Class FC, 4.772% (30-DAY AVERAGE SOFR +1.114%), 5/15/2031 | &nbsp;&nbsp; 24961 |
| &nbsp;&nbsp; 2660 | Series 2452, Class FG, 4.322% (30-DAY AVERAGE SOFR +0.664%), 3/15/2032 | &nbsp;&nbsp; 2670 |
| &nbsp;&nbsp; 40552 | Series 2460, Class FE, 4.772% (30-DAY AVERAGE SOFR +1.114%), 6/15/2032 | &nbsp;&nbsp; 40951 |
| &nbsp;&nbsp; 1226 | Series 2470, Class FI, 4.172% (30-DAY AVERAGE SOFR +0.514%), 10/15/2026 | &nbsp;&nbsp; 1226 |
| &nbsp;&nbsp; 25110 | Series 2470, Class FW, 4.772% (30-DAY AVERAGE SOFR +1.114%), 5/15/2031 | &nbsp;&nbsp; 25305 |
| &nbsp;&nbsp; 24042 | Series 2470, Class FX, 4.772% (30-DAY AVERAGE SOFR +1.114%), 5/15/2031 | &nbsp;&nbsp; 24229 |
| &nbsp;&nbsp; 40734 | Series 2470, Class GF, 4.772% (30-DAY AVERAGE SOFR +1.114%), 6/15/2032 | &nbsp;&nbsp; 41135 |
| &nbsp;&nbsp; 22477 | Series 2471, Class FS, 4.272% (30-DAY AVERAGE SOFR +0.614%), 2/15/2032 | &nbsp;&nbsp; 22506 |
| &nbsp;&nbsp; 104671 | Series 2475, Class FL, 4.772% (30-DAY AVERAGE SOFR +1.114%), 2/15/2032 | &nbsp;&nbsp; 105595 |
| &nbsp;&nbsp; 69780 | Series 2476, Class FC, 4.772% (30-DAY AVERAGE SOFR +1.114%), 2/15/2032 | &nbsp;&nbsp; 70396 |
| &nbsp;&nbsp; 38292 | Series 2477, Class FD, 4.172% (30-DAY AVERAGE SOFR +0.514%), 7/15/2032 | &nbsp;&nbsp; 38323 |
| &nbsp;&nbsp; 12440 | Series 2479, Class FA, 4.172% (30-DAY AVERAGE SOFR +0.514%), 8/15/2032 | &nbsp;&nbsp; 12445 |
| &nbsp;&nbsp; 18444 | Series 2481, Class FC, 4.772% (30-DAY AVERAGE SOFR +1.114%), 5/15/2031 | &nbsp;&nbsp; 18587 |
| &nbsp;&nbsp; 31929 | Series 2493, Class F, 4.172% (30-DAY AVERAGE SOFR +0.514%), 9/15/2029 | &nbsp;&nbsp; 31949 |
| &nbsp;&nbsp; 3393 | Series 2495, Class F, 4.172% (30-DAY AVERAGE SOFR +0.514%), 9/15/2032 | &nbsp;&nbsp; 3393 |
| &nbsp;&nbsp; 42154 | Series 2498, Class HF, 4.772% (30-DAY AVERAGE SOFR +1.114%), 6/15/2032 | &nbsp;&nbsp; 42568 |
| &nbsp;&nbsp; 25021 | Series 2504, Class FP, 4.272% (30-DAY AVERAGE SOFR +0.614%), 3/15/2032 | &nbsp;&nbsp; 25053 |
| &nbsp;&nbsp; 69782 | Series 2526, Class FC, 4.172% (30-DAY AVERAGE SOFR +0.514%), 11/15/2032 | &nbsp;&nbsp; 69756 |
| &nbsp;&nbsp; 51193 | Series 2530, Class FK, 4.172% (30-DAY AVERAGE SOFR +0.514%), 6/15/2029 | &nbsp;&nbsp; 51199 |
| &nbsp;&nbsp; 122574 | Series 2551, Class FD, 4.172% (30-DAY AVERAGE SOFR +0.514%), 1/15/2033 | &nbsp;&nbsp; 122567 |
| &nbsp;&nbsp; 22277 | Series 2610, Class FD, 4.272% (30-DAY AVERAGE SOFR +0.614%), 12/15/2032 | &nbsp;&nbsp; 22294 |
| &nbsp;&nbsp; 375664 | Series 2631, Class FC, 4.172% (30-DAY AVERAGE SOFR +0.514%), 6/15/2033 | &nbsp;&nbsp; 375131 |
| &nbsp;&nbsp; 86454 | Series 2671, Class F, 4.222% (30-DAY AVERAGE SOFR +0.564%), 9/15/2033 | &nbsp;&nbsp; 86417 |
| &nbsp;&nbsp; 123222 | Series 2684, Class FV, 4.672% (30-DAY AVERAGE SOFR +1.014%), 10/15/2033 | &nbsp;&nbsp; 124110 |
| &nbsp;&nbsp; 512829 | Series 2750, Class FG, 4.172% (30-DAY AVERAGE SOFR +0.514%), 2/15/2034 | &nbsp;&nbsp; 512816 |
| &nbsp;&nbsp; 1326096 | Series 2750, Class FH, 4.272% (30-DAY AVERAGE SOFR +0.614%), 2/15/2034 | &nbsp;&nbsp; 1329547 |
| &nbsp;&nbsp; 1018 | Series 2796, Class FD, 4.122% (30-DAY AVERAGE SOFR +0.464%), 7/15/2026 | &nbsp;&nbsp; 1019 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| COLLATERALIZED MORTGAGE OBLIGATIONS—continued |  |
|  | **Federal Home Loan Mortgage Corporation—continued** |  |
| $117449 | Series 2812, Class LF, 4.172% (30-DAY AVERAGE SOFR +0.514%), 6/15/2034 | &nbsp;&nbsp; $117503 |
| &nbsp;&nbsp; 172760 | Series 3036, Class NF, 4.072% (30-DAY AVERAGE SOFR +0.414%), 8/15/2035 | &nbsp;&nbsp; 171471 |
| &nbsp;&nbsp; 35708 | Series 3085, Class FW, 4.472% (30-DAY AVERAGE SOFR +0.814%), 8/15/2035 | &nbsp;&nbsp; 35999 |
| &nbsp;&nbsp; 255028 | Series 3085, Class VF, 4.092% (30-DAY AVERAGE SOFR +0.434%), 12/15/2035 | &nbsp;&nbsp; 254034 |
| &nbsp;&nbsp; 243971 | Series 3184, Class JF, 4.172% (30-DAY AVERAGE SOFR +0.514%), 7/15/2036 | &nbsp;&nbsp; 243273 |
| &nbsp;&nbsp; 251484 | Series 3191, Class FE, 4.172% (30-DAY AVERAGE SOFR +0.514%), 7/15/2036 | &nbsp;&nbsp; 250311 |
| &nbsp;&nbsp; 21256 | Series 3300, Class FA, 4.072% (30-DAY AVERAGE SOFR +0.414%), 8/15/2035 | &nbsp;&nbsp; 21139 |
| &nbsp;&nbsp; 21331 | Series 3325, Class NF, 4.072% (30-DAY AVERAGE SOFR +0.414%), 8/15/2035 | &nbsp;&nbsp; 21214 |
| &nbsp;&nbsp; 272479 | Series 3380, Class FP, 4.122% (30-DAY AVERAGE SOFR +0.464%), 11/15/2036 | &nbsp;&nbsp; 270826 |
| &nbsp;&nbsp; 222640 | Series 3542, Class NF, 4.522% (30-DAY AVERAGE SOFR +0.864%), 7/15/2036 | &nbsp;&nbsp; 224151 |
| &nbsp;&nbsp; 1253509 | Series 4689, Class FD, 4.122% (30-DAY AVERAGE SOFR +0.464%), 6/15/2047 | &nbsp;&nbsp; 1233289 |
| &nbsp;&nbsp; 902730 | Series 4821, Class FL, 4.072% (30-DAY AVERAGE SOFR +0.414%), 6/15/2048 | &nbsp;&nbsp; 885780 |
| &nbsp;&nbsp; 12053316 | Series 4915, Class FD, 4.231% (30-DAY AVERAGE SOFR +0.564%), 9/25/2049 | &nbsp;&nbsp; 11945380 |
| &nbsp;&nbsp; 2401431 | Series 4925, Class FH, 4.181% (30-DAY AVERAGE SOFR +0.514%), 10/25/2049 | &nbsp;&nbsp; 2379016 |
| &nbsp;&nbsp; 13460065 | Series 4931, Class FJ, 4.231% (30-DAY AVERAGE SOFR +0.564%), 11/25/2049 | &nbsp;&nbsp; 13311997 |
| &nbsp;&nbsp; 2051331 | Series 4936, Class PF, 4.281% (30-DAY AVERAGE SOFR +0.614%), 12/25/2049 | &nbsp;&nbsp; 2034290 |
| &nbsp;&nbsp; 6273015 | Series 4965, Class KF, 4.431% (30-DAY AVERAGE SOFR +0.764%), 4/25/2050 | &nbsp;&nbsp; 6216548 |
| &nbsp;&nbsp; 22458495 | Series 5323, Class FA, 4.317% (30-DAY AVERAGE SOFR +0.650%), 7/25/2053 | &nbsp;&nbsp; 22401040 |
| &nbsp;&nbsp; 12895659 | Series 5428, Class FC, 4.867% (30-DAY AVERAGE SOFR +1.200%), 7/25/2054 | &nbsp;&nbsp; 12978551 |
| &nbsp;&nbsp; 14828841 | Series 5452, Class JF, 4.967% (30-DAY AVERAGE SOFR +1.300%), 9/25/2054 | &nbsp;&nbsp; 14978341 |
| &nbsp;&nbsp; 18225309 | Series 5458, Class PF, 4.667% (30-DAY AVERAGE SOFR +1.000%), 9/25/2054 | &nbsp;&nbsp; 18309824 |
| &nbsp;&nbsp; 20186449 | Series 5478, Class FL, 4.567% (30-DAY AVERAGE SOFR +0.900%), 12/25/2054 | &nbsp;&nbsp; 20321894 |
| &nbsp;&nbsp; 43646872 | Series 5568, Class FG, 4.767% (30-DAY AVERAGE SOFR +1.100%), 8/25/2055 | &nbsp;&nbsp; 43949589 |
| &nbsp;&nbsp; 22907511 | Series 5633, Class FH, 4.417% (30-DAY AVERAGE SOFR +0.750%), 2/25/2056 | &nbsp;&nbsp; 22933268 |
| &nbsp;&nbsp; 3385015 | Series KF73, Class AS, 4.351% (30-DAY AVERAGE SOFR +0.670%), 11/25/2029 | &nbsp;&nbsp; 3385012 |
| &nbsp;&nbsp; 6996430 | Series KF76, Class AS, 4.291% (30-DAY AVERAGE SOFR +0.610%), 1/25/2030 | &nbsp;&nbsp; 6977874 |
| &nbsp;&nbsp; 265361 | Series KF85, Class AL, 4.093% (30-DAY AVERAGE SOFR +0.414%), 8/25/2030 | &nbsp;&nbsp; 265283 |
| &nbsp;&nbsp; 4832682 | Series KF88, Class AL, 4.123% (30-DAY AVERAGE SOFR +0.444%), 9/25/2030 | &nbsp;&nbsp; 4831265 |
| &nbsp;&nbsp; 20897783 | Series KF146, Class AS, 4.559% (30-DAY AVERAGE SOFR +0.880%), 10/25/2032 | &nbsp;&nbsp; 20937150 |
| &nbsp;&nbsp; 23208191 | Series KF147, Class AS, 4.559% (30-DAY AVERAGE SOFR +0.880%), 11/25/2032 | &nbsp;&nbsp; 23279897 |
| &nbsp;&nbsp; 29571858 | Series KF150, Class AS, 4.239% (30-DAY AVERAGE SOFR +0.560%), 12/25/2032 | &nbsp;&nbsp; 29543703 |
| &nbsp;&nbsp; 31711247 | Series KF151, Class AS, 4.189% (30-DAY AVERAGE SOFR +0.510%), 12/25/2032 | &nbsp;&nbsp; 31635499 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 320396232 |
|  | **Federal National Mortgage Association—4.6%** |  |
| &nbsp;&nbsp; 869 | Series 1998-22, Class FA, 4.172% (30-DAY AVERAGE SOFR +0.514%), 4/18/2028 | &nbsp;&nbsp; 869 |
| &nbsp;&nbsp; 9782 | Series 2000-34, Class F, 4.231% (30-DAY AVERAGE SOFR +0.564%), 10/25/2030 | &nbsp;&nbsp; 9763 |
| &nbsp;&nbsp; 3388 | Series 2000-37, Class FA, 4.281% (30-DAY AVERAGE SOFR +0.614%), 11/25/2030 | &nbsp;&nbsp; 3385 |
| &nbsp;&nbsp; 3026 | Series 2001-34, Class FL, 4.281% (30-DAY AVERAGE SOFR +0.614%), 8/25/2031 | &nbsp;&nbsp; 3030 |
| &nbsp;&nbsp; 5774 | Series 2001-46, Class F, 4.172% (30-DAY AVERAGE SOFR +0.514%), 9/18/2031 | &nbsp;&nbsp; 5775 |
| &nbsp;&nbsp; 49068 | Series 2001-53, Class FX, 4.131% (30-DAY AVERAGE SOFR +0.464%), 10/25/2031 | &nbsp;&nbsp; 48912 |
| &nbsp;&nbsp; 59992 | Series 2001-56, Class FG, 4.281% (30-DAY AVERAGE SOFR +0.614%), 10/25/2031 | &nbsp;&nbsp; 60088 |
| &nbsp;&nbsp; 27564 | Series 2001-68, Class FD, 4.281% (30-DAY AVERAGE SOFR +0.614%), 12/25/2031 | &nbsp;&nbsp; 27599 |
| &nbsp;&nbsp; 15821 | Series 2002-4, Class FJ, 4.231% (30-DAY AVERAGE SOFR +0.564%), 2/25/2032 | &nbsp;&nbsp; 15829 |
| &nbsp;&nbsp; 61371 | Series 2002-8, Class FA, 4.522% (30-DAY AVERAGE SOFR +0.864%), 3/18/2032 | &nbsp;&nbsp; 61795 |
| &nbsp;&nbsp; 45396 | Series 2002-9, Class FH, 4.281% (30-DAY AVERAGE SOFR +0.614%), 3/25/2032 | &nbsp;&nbsp; 45468 |
| &nbsp;&nbsp; 70833 | Series 2002-17, Class JF, 4.781% (30-DAY AVERAGE SOFR +1.114%), 4/25/2032 | &nbsp;&nbsp; 71470 |
| &nbsp;&nbsp; 76970 | Series 2002-34, Class FC, 4.772% (30-DAY AVERAGE SOFR +1.114%), 12/18/2031 | &nbsp;&nbsp; 77607 |
| &nbsp;&nbsp; 47247 | Series 2002-37, Class F, 4.581% (30-DAY AVERAGE SOFR +0.914%), 11/25/2031 | &nbsp;&nbsp; 47451 |
| &nbsp;&nbsp; 2692 | Series 2002-39, Class FB, 4.322% (30-DAY AVERAGE SOFR +0.664%), 3/18/2032 | &nbsp;&nbsp; 2702 |
| &nbsp;&nbsp; 12928 | Series 2002-41, Class F, 4.331% (30-DAY AVERAGE SOFR +0.664%), 7/25/2032 | &nbsp;&nbsp; 12952 |
| &nbsp;&nbsp; 225626 | Series 2002-47, Class NF, 4.781% (30-DAY AVERAGE SOFR +1.114%), 4/25/2032 | &nbsp;&nbsp; 227844 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| COLLATERALIZED MORTGAGE OBLIGATIONS—continued |  |
|  | **Federal National Mortgage Association—continued** |  |
| $35954 | Series 2002-52, Class FD, 4.281% (30-DAY AVERAGE SOFR +0.614%), 9/25/2032 | &nbsp;&nbsp; $36061 |
| &nbsp;&nbsp; 40041 | Series 2002-53, Class FG, 4.881% (30-DAY AVERAGE SOFR +1.214%), 7/25/2032 | &nbsp;&nbsp; 40528 |
| &nbsp;&nbsp; 164976 | Series 2002-58, Class FD, 4.381% (30-DAY AVERAGE SOFR +0.714%), 8/25/2032 | &nbsp;&nbsp; 165556 |
| &nbsp;&nbsp; 50857 | Series 2002-64, Class FJ, 4.781% (30-DAY AVERAGE SOFR +1.114%), 4/25/2032 | &nbsp;&nbsp; 51314 |
| &nbsp;&nbsp; 2734 | Series 2002-74, Class FV, 4.231% (30-DAY AVERAGE SOFR +0.564%), 11/25/2032 | &nbsp;&nbsp; 2735 |
| &nbsp;&nbsp; 32494 | Series 2002-75, Class FD, 4.772% (30-DAY AVERAGE SOFR +1.114%), 11/18/2032 | &nbsp;&nbsp; 32787 |
| &nbsp;&nbsp; 65216 | Series 2002-77, Class FH, 4.172% (30-DAY AVERAGE SOFR +0.514%), 12/18/2032 | &nbsp;&nbsp; 65228 |
| &nbsp;&nbsp; 19280 | Series 2002-82, Class FB, 4.281% (30-DAY AVERAGE SOFR +0.614%), 12/25/2032 | &nbsp;&nbsp; 19308 |
| &nbsp;&nbsp; 82969 | Series 2002-82, Class FC, 4.781% (30-DAY AVERAGE SOFR +1.114%), 9/25/2032 | &nbsp;&nbsp; 83731 |
| &nbsp;&nbsp; 677 | Series 2002-82, Class FG, 4.231% (30-DAY AVERAGE SOFR +0.564%), 12/25/2032 | &nbsp;&nbsp; 677 |
| &nbsp;&nbsp; 184497 | Series 2002-89, Class F, 4.081% (30-DAY AVERAGE SOFR +0.414%), 1/25/2033 | &nbsp;&nbsp; 184248 |
| &nbsp;&nbsp; 33186 | Series 2002-90, Class FH, 4.281% (30-DAY AVERAGE SOFR +0.614%), 9/25/2032 | &nbsp;&nbsp; 33233 |
| &nbsp;&nbsp; 293326 | Series 2002-93, Class FJ, 4.331% (30-DAY AVERAGE SOFR +0.664%), 1/25/2033 | &nbsp;&nbsp; 293901 |
| &nbsp;&nbsp; 33052 | Series 2003-2, Class FA, 4.281% (30-DAY AVERAGE SOFR +0.614%), 2/25/2033 | &nbsp;&nbsp; 33100 |
| &nbsp;&nbsp; 24402 | Series 2003-14, Class FT, 4.281% (30-DAY AVERAGE SOFR +0.614%), 3/25/2033 | &nbsp;&nbsp; 24438 |
| &nbsp;&nbsp; 64292 | Series 2003-19, Class FY, 4.181% (30-DAY AVERAGE SOFR +0.514%), 3/25/2033 | &nbsp;&nbsp; 64295 |
| &nbsp;&nbsp; 42756 | Series 2003-21, Class TF, 4.231% (30-DAY AVERAGE SOFR +0.564%), 3/25/2033 | &nbsp;&nbsp; 42766 |
| &nbsp;&nbsp; 133009 | Series 2003-66, Class FA, 4.131% (30-DAY AVERAGE SOFR +0.464%), 7/25/2033 | &nbsp;&nbsp; 132678 |
| &nbsp;&nbsp; 122476 | Series 2003-79, Class FC, 4.231% (30-DAY AVERAGE SOFR +0.564%), 8/25/2033 | &nbsp;&nbsp; 122596 |
| &nbsp;&nbsp; 62734 | Series 2003-102, Class FT, 4.181% (30-DAY AVERAGE SOFR +0.514%), 10/25/2033 | &nbsp;&nbsp; 62792 |
| &nbsp;&nbsp; 171943 | Series 2003-107, Class FD, 4.281% (30-DAY AVERAGE SOFR +0.614%), 11/25/2033 | &nbsp;&nbsp; 172141 |
| &nbsp;&nbsp; 415590 | Series 2003-116, Class HF, 4.331% (30-DAY AVERAGE SOFR +0.664%), 11/25/2033 | &nbsp;&nbsp; 416514 |
| &nbsp;&nbsp; 122922 | Series 2003-121, Class FD, 4.181% (30-DAY AVERAGE SOFR +0.514%), 12/25/2033 | &nbsp;&nbsp; 122774 |
| &nbsp;&nbsp; 110522 | Series 2004-2, Class FW, 4.181% (30-DAY AVERAGE SOFR +0.514%), 2/25/2034 | &nbsp;&nbsp; 110607 |
| &nbsp;&nbsp; 281186 | Series 2004-17, Class FT, 4.181% (30-DAY AVERAGE SOFR +0.514%), 4/25/2034 | &nbsp;&nbsp; 280881 |
| &nbsp;&nbsp; 123359 | Series 2004-49, Class FN, 4.181% (30-DAY AVERAGE SOFR +0.514%), 7/25/2034 | &nbsp;&nbsp; 123443 |
| &nbsp;&nbsp; 262377 | Series 2004-49, Class FQ, 4.231% (30-DAY AVERAGE SOFR +0.564%), 7/25/2034 | &nbsp;&nbsp; 262690 |
| &nbsp;&nbsp; 369357 | Series 2004-51, Class FY, 4.161% (30-DAY AVERAGE SOFR +0.494%), 7/25/2034 | &nbsp;&nbsp; 368856 |
| &nbsp;&nbsp; 192701 | Series 2004-53, Class FC, 4.231% (30-DAY AVERAGE SOFR +0.564%), 7/25/2034 | &nbsp;&nbsp; 192420 |
| &nbsp;&nbsp; 110755 | Series 2004-64, Class FW, 4.231% (30-DAY AVERAGE SOFR +0.564%), 8/25/2034 | &nbsp;&nbsp; 111069 |
| &nbsp;&nbsp; 213690 | Series 2005-104, Class FA, 4.181% (30-DAY AVERAGE SOFR +0.514%), 12/25/2035 | &nbsp;&nbsp; 212823 |
| &nbsp;&nbsp; 802663 | Series 2006-75, Class FP, 4.081% (30-DAY AVERAGE SOFR +0.414%), 8/25/2036 | &nbsp;&nbsp; 797388 |
| &nbsp;&nbsp; 155187 | Series 2006-79, Class DF, 4.131% (30-DAY AVERAGE SOFR +0.464%), 8/25/2036 | &nbsp;&nbsp; 154770 |
| &nbsp;&nbsp; 223429 | Series 2006-81, Class FA, 4.131% (30-DAY AVERAGE SOFR +0.464%), 9/25/2036 | &nbsp;&nbsp; 222442 |
| &nbsp;&nbsp; 516266 | Series 2006-90, Class FE, 4.231% (30-DAY AVERAGE SOFR +0.564%), 9/25/2036 | &nbsp;&nbsp; 516771 |
| &nbsp;&nbsp; 281512 | Series 2006-98, Class FB, 4.091% (30-DAY AVERAGE SOFR +0.424%), 10/25/2036 | &nbsp;&nbsp; 279687 |
| &nbsp;&nbsp; 800491 | Series 2006-W1, Class 2AF1, 4.001% (30-DAY AVERAGE SOFR +0.334%), 2/25/2046 | &nbsp;&nbsp; 793829 |
| &nbsp;&nbsp; 274693 | Series 2008-52, Class FD, 4.131% (30-DAY AVERAGE SOFR +0.464%), 6/25/2036 | &nbsp;&nbsp; 273252 |
| &nbsp;&nbsp; 56259 | Series 2009-63, Class FB, 4.281% (30-DAY AVERAGE SOFR +0.614%), 8/25/2039 | &nbsp;&nbsp; 56420 |
| &nbsp;&nbsp; 2026630 | Series 2010-136, Class F, 4.281% (30-DAY AVERAGE SOFR +0.614%), 12/25/2040 | &nbsp;&nbsp; 2028312 |
| &nbsp;&nbsp; 3806375 | Series 2012-116, Class FA, 4.081% (30-DAY AVERAGE SOFR +0.414%), 10/25/2042 | &nbsp;&nbsp; 3766306 |
| &nbsp;&nbsp; 5097011 | Series 2013-130, Class FB, 4.231% (30-DAY AVERAGE SOFR +0.564%), 1/25/2044 | &nbsp;&nbsp; 5082679 |
| &nbsp;&nbsp; 2850226 | Series 2018-31, Class FD, 4.081% (30-DAY AVERAGE SOFR +0.414%), 5/25/2048 | &nbsp;&nbsp; 2798311 |
| &nbsp;&nbsp; 8549704 | Series 2018-70, Class HF, 4.131% (30-DAY AVERAGE SOFR +0.464%), 10/25/2058 | &nbsp;&nbsp; 8406937 |
| &nbsp;&nbsp; 4278532 | Series 2018-95, Class FB, 4.181% (30-DAY AVERAGE SOFR +0.514%), 1/25/2049 | &nbsp;&nbsp; 4226873 |
| &nbsp;&nbsp; 15297923 | Series 2019-41, Class FD, 4.281% (30-DAY AVERAGE SOFR +0.614%), 8/25/2059 | &nbsp;&nbsp; 15136258 |
| &nbsp;&nbsp; 6002745 | Series 2019-81, Class FJ, 4.281% (30-DAY AVERAGE SOFR +0.614%), 1/25/2050 | &nbsp;&nbsp; 5951613 |
| &nbsp;&nbsp; 12442654 | Series 2023-42, Class FB, 4.131% (30-DAY AVERAGE SOFR +0.464%), 11/25/2048 | &nbsp;&nbsp; 12331304 |
| &nbsp;&nbsp; 7297198 | Series 2023-42, Class FC, 4.211% (30-DAY AVERAGE SOFR +0.544%), 12/25/2049 | &nbsp;&nbsp; 7249299 |
| &nbsp;&nbsp; 8317152 | Series 2023-42, Class FD, 4.181% (30-DAY AVERAGE SOFR +0.514%), 9/25/2049 | &nbsp;&nbsp; 8250815 |
| &nbsp;&nbsp; 6585409 | Series 2024-15, Class FA, 4.867% (30-DAY AVERAGE SOFR +1.200%), 4/25/2054 | &nbsp;&nbsp; 6632388 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| &nbsp;&nbsp; <br><sup>1</sup> <br>| COLLATERALIZED MORTGAGE OBLIGATIONS—continued |  |
|  | **Federal National Mortgage Association—continued** |  |
| $16169284 | Series 2024-60, Class PF, 4.667% (30-DAY AVERAGE SOFR +1.000%), 11/25/2053 | &nbsp;&nbsp; $16221793 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 105766176 |
|  | **Government National Mortgage Association—24.7%** |  |
| &nbsp;&nbsp; 59872 | Series 2004-59, Class FV, 4.031% (CME Term SOFR 1 Month +0.364%), 10/20/2033 | &nbsp;&nbsp; 59861 |
| &nbsp;&nbsp; 3243733 | Series 2010-62, Class PF, 4.281% (CME Term SOFR 1 Month +0.614%), 5/20/2040 | &nbsp;&nbsp; 3251406 |
| &nbsp;&nbsp; 2232707 | Series 2011-23, Class KF, 4.174% (CME Term SOFR 1 Month +0.514%), 2/16/2041 | &nbsp;&nbsp; 2229845 |
| &nbsp;&nbsp; 1420456 | Series 2011-51, Class FA, 4.181% (CME Term SOFR 1 Month +0.514%), 4/20/2041 | &nbsp;&nbsp; 1418852 |
| &nbsp;&nbsp; 948514 | Series 2012-H15, Class FB, 4.296% (CME Term SOFR 1 Month +0.614%), 6/20/2062 | &nbsp;&nbsp; 948750 |
| &nbsp;&nbsp; 168161 | Series 2012-H18, Class FA, 4.346% (CME Term SOFR 1 Month +0.664%), 8/20/2062 | &nbsp;&nbsp; 168332 |
| &nbsp;&nbsp; 695704 | Series 2012-H18, Class SA, 4.376% (CME Term SOFR 1 Month +0.694%), 8/20/2062 | &nbsp;&nbsp; 696519 |
| &nbsp;&nbsp; 1278343 | Series 2012-H24, Class FC, 4.196% (CME Term SOFR 1 Month +0.514%), 10/20/2062 | &nbsp;&nbsp; 1276244 |
| &nbsp;&nbsp; 861516 | Series 2012-H25, Class BF, 4.176% (CME Term SOFR 1 Month +0.494%), 9/20/2062 | &nbsp;&nbsp; 860292 |
| &nbsp;&nbsp; 610618 | Series 2012-H29, Class BF, 4.136% (CME Term SOFR 1 Month +0.454%), 11/20/2062 | &nbsp;&nbsp; 609436 |
| &nbsp;&nbsp; 893124 | Series 2012-H29, Class CF, 4.136% (CME Term SOFR 1 Month +0.454%), 2/20/2062 | &nbsp;&nbsp; 890830 |
| &nbsp;&nbsp; 241408 | Series 2012-H30, Class SA, 4.166% (CME Term SOFR 1 Month +0.484%), 12/20/2062 | &nbsp;&nbsp; 240674 |
| &nbsp;&nbsp; 668122 | Series 2012-H31, Class FA, 4.146% (CME Term SOFR 1 Month +0.464%), 11/20/2062 | &nbsp;&nbsp; 666992 |
| &nbsp;&nbsp; 5787993 | Series 2016-147, Class AF, 4.181% (CME Term SOFR 1 Month +0.514%), 10/20/2046 | &nbsp;&nbsp; 5742733 |
| &nbsp;&nbsp; 3577026 | Series 2017-H08, Class FC, 4.396% (CME Term SOFR 1 Month +0.714%), 3/20/2067 | &nbsp;&nbsp; 3587306 |
| &nbsp;&nbsp; 5315963 | Series 2019-10, Class FC, 4.231% (CME Term SOFR 1 Month +0.564%), 1/20/2049 | &nbsp;&nbsp; 5288987 |
| &nbsp;&nbsp; 16694543 | Series 2021-H06, Class JF, 5.161% (30-DAY AVERAGE SOFR +1.500%), 4/20/2071 | &nbsp;&nbsp; 16989045 |
| &nbsp;&nbsp; 8649272 | Series 2021-H06, Class TF, 5.161% (30-DAY AVERAGE SOFR +1.500%), 4/20/2071 | &nbsp;&nbsp; 8799895 |
| &nbsp;&nbsp; 3306429 | Series 2022-H06, Class FL, 4.111% (30-DAY AVERAGE SOFR +0.450%), 1/20/2072 | &nbsp;&nbsp; 3311170 |
| &nbsp;&nbsp; 12350991 | Series 2023-13, Class JF, 4.311% (30-DAY AVERAGE SOFR +0.650%), 1/20/2053 | &nbsp;&nbsp; 12356982 |
| &nbsp;&nbsp; 9127122 | Series 2023-84, Class JF, 4.561% (30-DAY AVERAGE SOFR +0.900%), 6/20/2053 | &nbsp;&nbsp; 9153972 |
| &nbsp;&nbsp; 29898123 | Series 2023-112, Class FW, 4.711% (30-DAY AVERAGE SOFR +1.050%), 8/20/2053 | &nbsp;&nbsp; 30127281 |
| &nbsp;&nbsp; 28416780 | Series 2023-117, Class F, 4.611% (30-DAY AVERAGE SOFR +0.950%), 5/20/2053 | &nbsp;&nbsp; 28534059 |
| &nbsp;&nbsp; 33997251 | Series 2023-H01, Class FB, 4.511% (30-DAY AVERAGE SOFR +0.850%), 1/20/2073 | &nbsp;&nbsp; 34370979 |
| &nbsp;&nbsp; 37868484 | Series 2024-44, Class KF, 4.511% (30-DAY AVERAGE SOFR +0.850%), 3/20/2054 | &nbsp;&nbsp; 37992170 |
| &nbsp;&nbsp; 17104592 | Series 2024-64, Class YF, 4.803% (30-DAY AVERAGE SOFR +1.100%), 4/20/2054 | &nbsp;&nbsp; 17274921 |
| &nbsp;&nbsp; 16992880 | Series 2024-97, Class BF, 5.011% (30-DAY AVERAGE SOFR +1.350%), 6/20/2054 | &nbsp;&nbsp; 17160693 |
| &nbsp;&nbsp; 14881400 | Series 2024-97, Class NF, 4.661% (30-DAY AVERAGE SOFR +1.000%), 6/20/2054 | &nbsp;&nbsp; 14974950 |
| &nbsp;&nbsp; 7005936 | Series 2024-111, Class FM, 4.861% (30-DAY AVERAGE SOFR +1.200%), 7/20/2054 | &nbsp;&nbsp; 7059792 |
| &nbsp;&nbsp; 14958787 | Series 2024-148, Class FH, 4.691% (30-DAY AVERAGE SOFR +1.030%), 9/20/2054 | &nbsp;&nbsp; 15012475 |
| &nbsp;&nbsp; 21199743 | Series 2024-154, Class FB, 4.761% (30-DAY AVERAGE SOFR +1.100%), 9/20/2054 | &nbsp;&nbsp; 21330060 |
| &nbsp;&nbsp; 18446811 | Series 2024-159, Class FM, 4.711% (30-DAY AVERAGE SOFR +1.050%), 10/20/2054 | &nbsp;&nbsp; 18513790 |
| &nbsp;&nbsp; 17802994 | Series 2024-162, Class FD, 4.711% (30-DAY AVERAGE SOFR +1.050%), 10/20/2054 | &nbsp;&nbsp; 17881396 |
| &nbsp;&nbsp; 20787943 | Series 2024-167, Class FD, 4.711% (30-DAY AVERAGE SOFR +1.050%), 10/20/2054 | &nbsp;&nbsp; 20871510 |
| &nbsp;&nbsp; 36708075 | Series 2024-167, Class FE, 4.491% (30-DAY AVERAGE SOFR +0.830%), 10/20/2054 | &nbsp;&nbsp; 36800727 |
| &nbsp;&nbsp; 19883151 | Series 2024-203, Class QF, 4.561% (30-DAY AVERAGE SOFR +0.900%), 12/20/2054 | &nbsp;&nbsp; 19933621 |
| &nbsp;&nbsp; 20584219 | Series 2025-23, Class FE, 4.711% (30-DAY AVERAGE SOFR +1.050%), 2/20/2055 | &nbsp;&nbsp; 20732633 |
| &nbsp;&nbsp; 15442006 | Series 2025-25, Class XF, 4.861% (30-DAY AVERAGE SOFR +1.200%), 2/20/2065 | &nbsp;&nbsp; 15514684 |
| &nbsp;&nbsp; 29659920 | Series 2025-155, Class FL, 4.611% (30-DAY AVERAGE SOFR +0.950%), 9/20/2055 | &nbsp;&nbsp; 29770263 |
| &nbsp;&nbsp; 19860896 | Series 2026-3, Class FB, 4.421% (30-DAY AVERAGE SOFR +0.760%), 1/20/2056 | &nbsp;&nbsp; 19881251 |
| &nbsp;&nbsp; 69465305 | Series 2026-10, Class MF, 4.361% (30-DAY AVERAGE SOFR +0.700%), 1/20/2056 | &nbsp;&nbsp; 69465138 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 571750516 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS <br>(IDENTIFIED COST $995,463,608)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 997912924 |
|  | MORTGAGE-BACKED SECURITIES—14.3% |  |
|  | **Federal Home Loan Mortgage Corporation—9.0%** |  |
| &nbsp;&nbsp; 13181370 | 5.000%, 2/1/2054 | &nbsp;&nbsp; 13270736 |
| &nbsp;&nbsp; 19353015 | 5.000%, 8/1/2055 | &nbsp;&nbsp; 19453983 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MORTGAGE-BACKED SECURITIES—continued |  |
|  | **Federal Home Loan Mortgage Corporation—continued** |  |
| $53498460 | 5.000%, 9/1/2055 | &nbsp;&nbsp; $53777572 |
| &nbsp;&nbsp; 16812147 | 5.500%, 7/1/2053 | &nbsp;&nbsp; 17161821 |
| &nbsp;&nbsp; 23263939<br><sup>1</sup> <br>| 5.500% (30-DAY AVERAGE SOFR +0.514%), 4/1/2054 | &nbsp;&nbsp; 23702366 |
| &nbsp;&nbsp; 22132092 | 5.500%, 1/1/2055 | &nbsp;&nbsp; 22516337 |
| &nbsp;&nbsp; 21690632 | 5.500%, 4/1/2055 | &nbsp;&nbsp; 22058739 |
| &nbsp;&nbsp; 9650942 | 6.000%, 9/1/2053 | &nbsp;&nbsp; 9942481 |
| &nbsp;&nbsp; 9192334 | 6.000%, 12/1/2053 | &nbsp;&nbsp; 9474328 |
| &nbsp;&nbsp; 15661198 | 6.000%, 3/1/2054 | &nbsp;&nbsp; 16146532 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 207504895 |
|  | **Federal National Mortgage Association—5.3%** |  |
| &nbsp;&nbsp; 1061689 | 3.500%, 9/1/2049 | &nbsp;&nbsp; 1019969 |
| &nbsp;&nbsp; 23696375 | 5.000%, 5/1/2055 | &nbsp;&nbsp; 23820004 |
| &nbsp;&nbsp; 19373686 | 5.000%, 8/1/2055 | &nbsp;&nbsp; 19474763 |
| &nbsp;&nbsp; 6630561 | 5.500%, 2/1/2038 | &nbsp;&nbsp; 6841254 |
| &nbsp;&nbsp; 11452199 | 5.500%, 4/1/2038 | &nbsp;&nbsp; 11801789 |
| &nbsp;&nbsp; 19676547 | 5.500%, 12/1/2053 | &nbsp;&nbsp; 20067350 |
| &nbsp;&nbsp; 10449619 | 5.500%, 7/1/2054 | &nbsp;&nbsp; 10662878 |
| &nbsp;&nbsp; 14574757 | 6.000%, 1/1/2053 | &nbsp;&nbsp; 15036670 |
| &nbsp;&nbsp; 9090536 | 6.000%, 8/1/2053 | &nbsp;&nbsp; 9359464 |
| &nbsp;&nbsp; 4017468 | 6.500%, 5/1/2053 | &nbsp;&nbsp; 4180298 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 122264439 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $325,223,380)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 329769334 |
|  | U.S. TREASURIES—7.3% |  |
|  | **U.S. Treasury Bills—6.3%** |  |
| &nbsp;&nbsp; 3000000 | 3.380%, 12/24/2026 | &nbsp;&nbsp; 2916348 |
| &nbsp;&nbsp; 7500000 | 3.390%, 1/21/2027 | &nbsp;&nbsp; 7273018 |
| &nbsp;&nbsp; 11000000 | 3.470%, 11/27/2026 | &nbsp;&nbsp; 10720336 |
| &nbsp;&nbsp; 8000000 | 3.500%, 8/20/2026 | &nbsp;&nbsp; 7866624 |
| &nbsp;&nbsp; 16000000 | 3.525%, 7/30/2026 | &nbsp;&nbsp; 15764923 |
| &nbsp;&nbsp; 10000000 | 3.595%, 6/23/2026 | &nbsp;&nbsp; 9887471 |
| &nbsp;&nbsp; 20000000 | 3.605%, 6/16/2026 | &nbsp;&nbsp; 19789626 |
| &nbsp;&nbsp; 10000000 | 3.630%, 3/24/2026 | &nbsp;&nbsp; 9977954 |
| &nbsp;&nbsp; 8000000 | 3.685%, 4/16/2026 | &nbsp;&nbsp; 7963801 |
| &nbsp;&nbsp; 13000000 | 3.690%, 5/14/2026 | &nbsp;&nbsp; 12905399 |
| &nbsp;&nbsp; 10000000 | 3.705%, 3/3/2026 | &nbsp;&nbsp; 9999003 |
| &nbsp;&nbsp; 2000000 | 3.705%, 3/26/2026 | &nbsp;&nbsp; 1995170 |
| &nbsp;&nbsp; 11000000 | 3.715%, 3/19/2026 | &nbsp;&nbsp; 10981190 |
| &nbsp;&nbsp; 9000000 | 3.725%, 3/5/2026 | &nbsp;&nbsp; 8997290 |
| &nbsp;&nbsp; 5000000 | 3.770%, 3/10/2026 | &nbsp;&nbsp; 4995978 |
| &nbsp;&nbsp; 3000000 | 3.925%, 7/9/2026 | &nbsp;&nbsp; 2961731 |
| &nbsp;&nbsp; 2000000 | 3.940%, 6/11/2026 | &nbsp;&nbsp; 1980004 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 146975866 |
|  | **U.S. Treasury Notes—1.0%** |  |
| &nbsp;&nbsp; 1000000 | 0.625%, 7/31/2026 | &nbsp;&nbsp; 987492 |
| &nbsp;&nbsp; 1500000 | 1.125%, 10/31/2026 | &nbsp;&nbsp; 1475246 |
| &nbsp;&nbsp; 1500000 | 1.250%, 12/31/2026 | &nbsp;&nbsp; 1471790 |
| &nbsp;&nbsp; 1000000 | 3.500%, 9/30/2026 | &nbsp;&nbsp; 999244 |
| &nbsp;&nbsp; 4000000<br><sup>1</sup> <br>| 3.720% (91-day T-Bill +0.098%), 3/3/2026 | &nbsp;&nbsp; 4001347 |
| &nbsp;&nbsp; 1500000 | 3.750%, 8/31/2026 | &nbsp;&nbsp; 1500539 |
| &nbsp;&nbsp; 4000000<br><sup>1</sup> <br>| 3.782% (91-day T-Bill +0.160%), 3/3/2026 | &nbsp;&nbsp; 4004490 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | U.S. TREASURIES—continued |  |
|  | **U.S. Treasury Notes—continued** |  |
| $2000000 | 4.125%, 1/31/2027 | &nbsp;&nbsp; $2010385 |
| &nbsp;&nbsp; 2000000 | 4.250%, 11/30/2026 | &nbsp;&nbsp; 2009652 |
| &nbsp;&nbsp; 1000000 | 4.625%, 6/30/2026 | &nbsp;&nbsp; 1003198 |
| &nbsp;&nbsp; 3000000 | 4.625%, 9/15/2026 | &nbsp;&nbsp; 3015237 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22478620 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL U.S. TREASURIES <br>(IDENTIFIED COST $169,401,765)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 169454486 |
| <sup>1</sup> <br>| COMMERCIAL MORTGAGE-BACKED SECURITIES—6.9% |  |
|  | **Federal Home Loan Mortgage Corporation—6.9%** |  |
| &nbsp;&nbsp; 2336059 | Series KF87, Class AL, 4.143% (30-DAY AVERAGE SOFR +0.464%), 8/25/2030 | &nbsp;&nbsp; 2332218 |
| &nbsp;&nbsp; 21549762 | Series KF148, Class AS, 4.519% (30-DAY AVERAGE SOFR +0.840%), 11/25/2032 | &nbsp;&nbsp; 21719543 |
| &nbsp;&nbsp; 15716517 | Series KF149, Class AS, 4.319% (30-DAY AVERAGE SOFR +0.640%), 12/25/2032 | &nbsp;&nbsp; 15731509 |
| &nbsp;&nbsp; 42918387 | Series KF157, Class AS, 4.339% (30-DAY AVERAGE SOFR +0.660%), 4/25/2033 | &nbsp;&nbsp; 43213558 |
| &nbsp;&nbsp; 38500000 | Series KF165, Class AS, 4.239% (30-DAY AVERAGE SOFR +0.560%), 1/25/2035 | &nbsp;&nbsp; 38465373 |
| &nbsp;&nbsp; 38200000 | Series KF169, Class AS, 4.239% (30-DAY AVERAGE SOFR +0.560%), 11/25/2035 | &nbsp;&nbsp; 38199973 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $159,220,725)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 159662174 |
|  | GOVERNMENT AGENCIES—0.4% |  |
|  | **Federal Home Loan Bank System—0.2%** |  |
| &nbsp;&nbsp; 2000000 | 3.620%, 2/8/2027 | &nbsp;&nbsp; 1998963 |
| &nbsp;&nbsp; 1000000 | 3.625%, 10/23/2026 | &nbsp;&nbsp; 998979 |
| &nbsp;&nbsp; 1000000 | 3.625%, 10/23/2026 | &nbsp;&nbsp; 998979 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3996921 |
| <sup>1</sup> <br>| **Federal Home Loan Bank System Floating Rate Notes—0.2%** |  |
| &nbsp;&nbsp; 4000000 | 3.750% (SOFR +0.080%), 3/2/2026 | &nbsp;&nbsp; 3999877 |
| &nbsp;&nbsp; 2000000 | 3.800% (SOFR +0.130%), 3/2/2026 | &nbsp;&nbsp; 2000006 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5999883 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL GOVERNMENT AGENCIES <br>(IDENTIFIED COST $9,998,147)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9996804 |
| <sup>1</sup> <br>| ADJUSTABLE RATE MORTGAGES—0.0% |  |
|  | **Federal National Mortgage Association ARM—0.0%** |  |
| &nbsp;&nbsp; 116699 | 4.864%, 4/1/2033 | &nbsp;&nbsp; 115784 |
| &nbsp;&nbsp; 17776 | 5.372%, 5/1/2040 | &nbsp;&nbsp; 17810 |
| &nbsp;&nbsp; 14532 | 5.372%, 8/1/2040 | &nbsp;&nbsp; 14564 |
| &nbsp;&nbsp; 4675 | 5.840%, 2/1/2033 | &nbsp;&nbsp; 4816 |
| &nbsp;&nbsp; 4650 | 5.915%, 12/1/2032 | &nbsp;&nbsp; 4789 |
| &nbsp;&nbsp; 172946 | 6.321%, 8/1/2034 | &nbsp;&nbsp; 178078 |
| &nbsp;&nbsp; 45401 | 6.597%, 9/1/2035 | &nbsp;&nbsp; 47229 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL ADJUSTABLE RATE MORTGAGES <br>(IDENTIFIED COST $383,779)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383070 |
|  | REPURCHASE AGREEMENTS—28.8% |  |
| &nbsp;&nbsp; 64921000 | Interest in $331,000,000 joint repurchase agreement 3.68%, dated 2/27/2026 under which Bank of America, N.A. will <br> repurchase securities provided as collateral for $331,101,507 on 3/2/2026. The securities provided as collateral at the <br> end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various <br> maturities to 10/1/2051 and the market value of those underlying securities was $337,723,537.<br>| &nbsp;&nbsp; 64921000 |
| &nbsp;&nbsp; 300000000 | Interest in $500,000,000 joint repurchase agreement 3.67%, dated 2/27/2026 under which Bank of Montreal will <br> repurchase securities provided as collateral for $500,152,917 on 3/2/2026. The securities provided as collateral at the <br> end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various <br> maturities to 11/20/2072 and the market value of those underlying securities was $515,157,505.<br>| &nbsp;&nbsp; 300000000 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | REPURCHASE AGREEMENTS—continued |  |
| $300000000 | Interest in $1,380,000,000 joint repurchase agreement 3.68%, dated 2/27/2026 under which Bofa Securities, Inc. will <br> repurchase securities provided as collateral for $1,380,423,200 on 3/2/2026. The securities provided as collateral at the <br> end of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various <br> maturities to 12/20/2065 and the market value of those underlying securities was $1,408,031,665.<br>| &nbsp;&nbsp; $300000000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL REPURCHASE AGREEMENTS <br>(IDENTIFIED COST $664,921,000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 664921000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—100.8% <br>(IDENTIFIED COST $2,324,612,404)<br>| &nbsp;&nbsp; 2332099792 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(0.8)%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (19421677) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $2312678115 |

---

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

---

| | |
|:---|:---|
| 1 | *Floating/adjustable note with current rate and current maturity or next reset date shown. Adjustable rate mortgage security coupons are based on the weighted* <br> *average note rates of the underlying mortgages less the guarantee and servicing fees. These securities do not indicate an index and spread in their description* <br> *above.*<br>|
| 2 | *Assets, other than investments in securities, less liabilities* |

---

Note: The categories of investments are shown as a percentage of net assets at February 28, 2026.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

**7**

------

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of February 28, 2026, all investments of the Fund utilized Level 2 inputs in valuing the Fund's assets carried at fair value.

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| ARM | —Adjustable Rate Mortgage |
| REMIC | —Real Estate Mortgage Investment Conduit |
| SOFR | —Secured Overnight Financing Rate |

---

**8**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Institutional Trust

- **b. Investment Company Act file number:** 811-07193

- **c. CIK number of Registrant:** 0000925723

- **d. LEI of Registrant:** 2549002CIMJQ7MNS8F06

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Government Ultrashort Fund

- **b. EDGAR series identifier (if any):** S000009740

- **c. LEI of Series:** 254900U7AB30ET2GHV12

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $2335051031.21

**Total Liabilities:** $30558435.45

**Net Assets:** $2304492595.76

**Cash Not Reported:** $492.49

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -145.638829000000 | **1-Year:** -1728.964741000000 | **5-Year:** -216.959517000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** -449.945775000000 | **1-Year:** -14020.866797000000 | **5-Year:** -112639.915078000000 | **10-Year:** -60018.920512000000 | **30-Year:** -2240.367967000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026761 | 0.45%                | 0.44%                | 0.42%                |
| Class ID C000026762 | 0.35%                | 0.44%                | 0.42%                |
| Class ID C000026763 | 0.36%                | 0.45%                | 0.43%                |
| Class ID C000168177 | 0.36%                | 0.45%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1355321.32                                |
| Month 2  | $0.00                    | $2285405.15                                |
| Month 3  | $0.00                    | $1839528.80                                |

### Schedule of Portfolio Investments

| Name                                             | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3132DWK93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  23263939 | PA      | $23702366.44  | 1.03%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393U3B7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110522 | PA      | $110606.76    | 0.00%             | 2034-02-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31396KRB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    802663 | PA      | $797388.32    | 0.03%             | 2036-08-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BZU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    610618 | PA      | $609435.79    | 0.03%             | 2062-11-20      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38383HNC9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12350991 | PA      | $12356982.26  | 0.54%             | 2053-01-20      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38385DZM1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  20584219 | PA      | $20732633.32  | 0.90%             | 2055-02-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797ST5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9999003.00   | 0.43%             | 2026-03-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3132DSWZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15661198 | PA      | $16146532.47  | 0.70%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FX4E5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2336059 | PA      | $2332218.50   | 0.10%             | 2030-08-25      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137H9QW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  31711247 | PA      | $31635498.66  | 1.37%             | 2032-12-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137HMN89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  43646872 | PA      | $43949589.20  | 1.91%             | 2055-08-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392JZ44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42756 | PA      | $42765.65     | 0.00%             | 2033-03-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392RKJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25110 | PA      | $25305.21     | 0.00%             | 2031-05-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31396QVX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56259 | PA      | $56419.88     | 0.00%             | 2039-08-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31396TZ89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    251484 | PA      | $250310.85    | 0.01%             | 2036-07-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BZW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    893124 | PA      | $890829.66    | 0.04%             | 2062-02-20      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38380QR87<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8649272 | PA      | $8799895.14   | 0.38%             | 2071-04-20      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38381UW81<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  29659920 | PA      | $29770263.34  | 1.29%             | 2055-09-20      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384PQH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14881400 | PA      | $14974950.21  | 0.65%             | 2054-06-20      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384PTL4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  16992880 | PA      | $17160693.11  | 0.74%             | 2054-06-20      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384YN64<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  17802994 | PA      | $17881396.36  | 0.78%             | 2054-10-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38385DFZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  15442006 | PA      | $15514683.57  | 0.67%             | 2065-02-20      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2000000 | PA      | $1980003.80   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797RV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $8997290.10   | 0.39%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1471790.40   | 0.06%             | 2026-12-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Floating Rate Notes                            | CUSIP: 91282CMJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4001347.20   | 0.17%             | 2027-01-31      | Floating      | 3.72%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                 | Freddie Mac Strips                                           | CUSIP: 3128HWJ40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     95739 | PA      | $94956.88     | 0.00%             | 2036-12-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3132DWPH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21690632 | PA      | $22058738.87  | 0.96%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3133994L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    122782 | PA      | $123748.61    | 0.01%             | 2031-08-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339MEB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25258 | PA      | $25416.93     | 0.00%             | 2031-06-15      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                         | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133EWAK6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   4000000 | PA      | $3999876.80   | 0.17%             | 2028-01-20      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FRUQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6996430 | PA      | $6977873.60   | 0.30%             | 2030-01-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137HFGZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14828841 | PA      | $14978340.72  | 0.65%             | 2054-09-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31385YCQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17776 | PA      | $17809.56     | 0.00%             | 2040-05-01      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392AA40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27564 | PA      | $27599.28     | 0.00%             | 2031-12-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392BC46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     61371 | PA      | $61795.11     | 0.00%             | 2032-03-18      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392CN91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76970 | PA      | $77607.06     | 0.00%             | 2031-12-18      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392DCG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47247 | PA      | $47451.07     | 0.00%             | 2031-11-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392DQA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2692 | PA      | $2701.66      | 0.00%             | 2032-03-18      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392PN92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     40552 | PA      | $40950.83     | 0.00%             | 2032-06-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392TPJ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18444 | PA      | $18587.41     | 0.00%             | 2031-05-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392U4H4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12440 | PA      | $12445.51     | 0.00%             | 2032-08-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393Y6T7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    262377 | PA      | $262689.95    | 0.01%             | 2034-07-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31394U4F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    213690 | PA      | $212822.80    | 0.01%             | 2035-12-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31395AUG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    117449 | PA      | $117503.43    | 0.01%             | 2034-06-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31396AXX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    172760 | PA      | $171471.24    | 0.01%             | 2035-08-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31396K5S7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    281512 | PA      | $279686.53    | 0.01%             | 2036-10-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31396KU67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    516266 | PA      | $516770.93    | 0.02%             | 2036-09-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31397GQR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21256 | PA      | $21138.59     | 0.00%             | 2035-08-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31398SSP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2026630 | PA      | $2028311.66   | 0.09%             | 2040-12-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31400CPM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4675 | PA      | $4816.32      | 0.00%             | 2033-02-01      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 3140XMM86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9090536 | PA      | $9359464.09   | 0.41%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BC42<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    668122 | PA      | $666992.18    | 0.03%             | 2062-11-20      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BUP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    695704 | PA      | $696518.74    | 0.03%             | 2062-08-20      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384C2V0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  29898124 | PA      | $30127280.66  | 1.31%             | 2053-08-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384CHJ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  28416780 | PA      | $28534058.78  | 1.24%             | 2053-05-20      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384YK59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  20787943 | PA      | $20871510.25  | 0.91%             | 2054-10-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38385LV39<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  69465305 | PA      | $69465138.28  | 3.01%             | 2056-01-20      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797SU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10720336.00  | 0.47%             | 2026-11-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $999243.50    | 0.04%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2010385.00   | 0.09%             | 2027-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                 | BANK OF MONTREAL 6                                           | CUSIP: 000000000<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | RA               | CORP              | US        | 300000000 | PA      | $300000000.00 | 13.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                            | REPO BANK AMERICA                                            | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |  64921000 | PA      | $64921000.00  | 2.82%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                           | Federal Home Loan Banks                                      | CUSIP: 3130B7VN1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $998979.30    | 0.04%             | 2026-10-23      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339GVK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     86924 | PA      | $87087.33     | 0.00%             | 2031-11-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3133TRED3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16835 | PA      | $16831.04     | 0.00%             | 2031-02-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3133TRUD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35526 | PA      | $35568.17     | 0.00%             | 2029-06-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136AHC40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5097011 | PA      | $5082678.54   | 0.22%             | 2044-01-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136B3UH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4278532 | PA      | $4226872.86   | 0.18%             | 2049-01-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136B8GL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6002745 | PA      | $5951612.82   | 0.26%             | 2050-01-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31385HKD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116699 | PA      | $115784.14    | 0.01%             | 2033-04-01      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31386C3T7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14531 | PA      | $14563.76     | 0.00%             | 2040-08-01      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 313920QA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3026 | PA      | $3030.40      | 0.00%             | 2031-08-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 313920ZH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5774 | PA      | $5774.63      | 0.00%             | 2031-09-18      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392FP50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     82969 | PA      | $83731.30     | 0.00%             | 2032-09-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392PUC7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     38292 | PA      | $38322.63     | 0.00%             | 2032-07-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392REC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    104672 | PA      | $105594.65    | 0.00%             | 2032-02-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392RKK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     40734 | PA      | $41134.61     | 0.00%             | 2032-06-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393TUQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62734 | PA      | $62791.71     | 0.00%             | 2033-10-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393UCZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122922 | PA      | $122773.49    | 0.01%             | 2033-12-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31394RCE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1326096 | PA      | $1329546.99   | 0.06%             | 2034-02-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31394YEZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1018 | PA      | $1018.67      | 0.00%             | 2026-07-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31396KM33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    223428 | PA      | $222441.52    | 0.01%             | 2036-09-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31397KTK7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    272479 | PA      | $270825.60    | 0.01%             | 2036-11-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31418EPW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6630561 | PA      | $6841253.27   | 0.30%             | 2038-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BYA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    861516 | PA      | $860291.70    | 0.04%             | 2062-09-20      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   4000000 | PA      | $3993160.00   | 0.17%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6988030.00   | 0.30%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                            | BOFAR REPO 16                                                | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        | 300000000 | PA      | $300000000.00 | 13.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31393FGG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69782 | PA      | $69755.69     | 0.00%             | 2032-11-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3142J6BS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  53498460 | PA      | $53777572.01  | 2.33%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $7963800.80   | 0.35%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   4000000 | PA      | $3970892.00   | 0.17%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                           | Federal Home Loan Banks                                      | CUSIP: 3130B7VM3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $998979.30    | 0.04%             | 2026-10-23      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339DVL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89560 | PA      | $90245.54     | 0.00%             | 2031-12-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3133CCHH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9650942 | PA      | $9942481.03   | 0.43%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137F1CE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1253509 | PA      | $1233289.28   | 0.05%             | 2047-06-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137FHED1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    902730 | PA      | $885779.92    | 0.04%             | 2048-06-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392EGN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35954 | PA      | $36061.22     | 0.00%             | 2032-09-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392GDP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33186 | PA      | $33232.87     | 0.00%             | 2032-09-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392PSW6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69780 | PA      | $70395.93     | 0.00%             | 2032-02-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393C4U4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    133009 | PA      | $132678.13    | 0.01%             | 2033-07-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393XZW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    281186 | PA      | $280881.25    | 0.01%             | 2034-04-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393Y6M2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    123359 | PA      | $123443.38    | 0.01%             | 2034-07-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31394AQJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110755 | PA      | $111069.13    | 0.00%             | 2034-08-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| FannieMae Whole Loan                             | Fannie Mae Trust 2006-W1                                     | CUSIP: 31395B5N9<br>LEI: 5493001NEANKKEPIN618 | Long             | ABS-MBS          | USGSE             | US        |    800491 | PA      | $793829.36    | 0.03%             | 2046-02-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31396FSK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    255028 | PA      | $254033.54    | 0.01%             | 2035-12-15      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31397LWS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    274693 | PA      | $273251.82    | 0.01%             | 2036-06-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31418FKM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  23696376 | PA      | $23820004.23  | 1.03%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                 | Freddie Mac Strips                                           | CUSIP: 3128HWDU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     57252 | PA      | $56716.09     | 0.00%             | 2036-11-15      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BWN8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1278344 | PA      | $1276244.35   | 0.06%             | 2062-10-20      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38382YPL1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3306429 | PA      | $3311170.39   | 0.14%             | 2072-01-20      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                           | Federal Home Loan Banks                                      | CUSIP: 3130B95B2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1998962.60   | 0.09%             | 2027-02-08      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339GVJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     19772 | PA      | $19828.37     | 0.00%             | 2031-06-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384QT32<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7005936 | PA      | $7059791.66   | 0.31%             | 2054-07-20      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384YDN8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  18446811 | PA      | $18513789.53  | 0.80%             | 2054-10-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339LJZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4151 | PA      | $4157.40      | 0.00%             | 2031-12-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3133TJ2N2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6412 | PA      | $6415.54      | 0.00%             | 2029-01-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3133TTWD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     71096 | PA      | $71636.37     | 0.00%             | 2031-06-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31358SUE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3388 | PA      | $3384.70      | 0.00%             | 2030-11-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31359RY63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       869 | PA      | $869.05       | 0.00%             | 2028-04-18      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136B1XU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2850226 | PA      | $2798311.33   | 0.12%             | 2048-05-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136B3BB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8549704 | PA      | $8406937.11   | 0.36%             | 2058-10-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136BQMF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12442654 | PA      | $12331303.82  | 0.54%             | 2048-11-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136BRMJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6585408 | PA      | $6632387.49   | 0.29%             | 2054-04-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137FNJS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12053316 | PA      | $11945380.20  | 0.52%             | 2049-09-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137FPBT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2401431 | PA      | $2379016.47   | 0.10%             | 2049-10-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137FPWL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13460065 | PA      | $13311997.09  | 0.58%             | 2049-11-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137FRWQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6273015 | PA      | $6216547.66   | 0.27%             | 2050-04-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FWHP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    265361 | PA      | $265283.53    | 0.01%             | 2030-08-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137H9MD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  23208191 | PA      | $23279897.33  | 1.01%             | 2032-11-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137H9PP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  29571858 | PA      | $29543703.03  | 1.28%             | 2032-12-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137HAAD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  42918387 | PA      | $43213558.22  | 1.88%             | 2033-04-25      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137HHSH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20186449 | PA      | $20321894.34  | 0.88%             | 2054-12-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | FREMF 2025-K165 Mortgage Trust                               | CUSIP: 3137HKPU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  38500000 | PA      | $38465373.10  | 1.67%             | 2035-01-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137HPU84<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  38200000 | PA      | $38199973.26  | 1.66%             | 2035-11-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137HQ4X6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  22907511 | PA      | $22933268.16  | 1.00%             | 2056-02-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392BD52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45396 | PA      | $45467.81     | 0.00%             | 2032-03-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392CM27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70832 | PA      | $71469.89     | 0.00%             | 2032-04-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392DRQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12928 | PA      | $12952.47     | 0.00%             | 2032-07-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392DVP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    225626 | PA      | $227843.70    | 0.01%             | 2032-04-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392ELD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    164976 | PA      | $165556.43    | 0.01%             | 2032-08-25      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392EQ29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50857 | PA      | $51314.39     | 0.00%             | 2032-04-25      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392F6H5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65216 | PA      | $65227.90     | 0.00%             | 2032-12-18      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392FP92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19280 | PA      | $19307.97     | 0.00%             | 2032-12-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392FRJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2734 | PA      | $2735.13      | 0.00%             | 2032-11-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392GNP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    184497 | PA      | $184248.24    | 0.01%             | 2033-01-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392GRQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    293326 | PA      | $293901.31    | 0.01%             | 2033-01-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392HXL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33052 | PA      | $33099.89     | 0.00%             | 2033-02-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392JEV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24402 | PA      | $24438.17     | 0.00%             | 2033-03-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392JJW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64292 | PA      | $64294.95     | 0.00%             | 2033-03-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392R5B3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22477 | PA      | $22505.77     | 0.00%             | 2032-02-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392RKR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1226 | PA      | $1225.95      | 0.00%             | 2026-10-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392VBQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     42154 | PA      | $42568.06     | 0.00%             | 2032-06-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392VV25<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3393 | PA      | $3393.48      | 0.00%             | 2032-09-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31393JAZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    122574 | PA      | $122566.73    | 0.01%             | 2033-01-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31393QX80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     22276 | PA      | $22294.00     | 0.00%             | 2032-12-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31393RTT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    375664 | PA      | $375130.93    | 0.02%             | 2033-06-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393T4Y9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    415590 | PA      | $416513.60    | 0.02%             | 2033-11-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393Y3W3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    369357 | PA      | $368856.23    | 0.02%             | 2034-07-25      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31394ABP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192701 | PA      | $192420.13    | 0.01%             | 2034-07-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31396UWZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    243971 | PA      | $243272.82    | 0.01%             | 2036-07-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31403DHQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172946 | PA      | $178078.19    | 0.01%             | 2034-08-01      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 3140N6SX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14574757 | PA      | $15036669.98  | 0.65%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137FQHQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2051331 | PA      | $2034290.23   | 0.09%             | 2049-12-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137HFXQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18225309 | PA      | $18309823.60  | 0.79%             | 2054-09-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393EET2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122475 | PA      | $122596.21    | 0.01%             | 2033-08-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31396FRL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35708 | PA      | $35998.63     | 0.00%             | 2035-08-15      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 3140QUZE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10449619 | PA      | $10662878.04  | 0.46%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 31427MAV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  22132092 | PA      | $22516336.61  | 0.98%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3142GQEM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9192334 | PA      | $9474328.23   | 0.41%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3142J6BH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  19353015 | PA      | $19453983.15  | 0.84%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38374HZA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     59872 | PA      | $59860.73     | 0.00%             | 2033-10-20      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BA93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    241408 | PA      | $240673.81    | 0.01%             | 2062-12-20      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BUJ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    168161 | PA      | $168332.18    | 0.01%             | 2062-08-20      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38377TX55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2232707 | PA      | $2229845.30   | 0.10%             | 2041-02-16      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38377VBQ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1420456 | PA      | $1418852.49   | 0.06%             | 2041-04-20      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | GOVERNMENT NATIONAL MORTGAGE A GNR 2019 10 FC                | CUSIP: 38381BLF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5315963 | PA      | $5288987.44   | 0.23%             | 2049-01-20      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38382YQ55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  33997251 | PA      | $34370979.05  | 1.49%             | 2073-01-20      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384AH55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9127122 | PA      | $9153971.76   | 0.40%             | 2053-06-20      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384K2Q3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  37868484 | PA      | $37992170.19  | 1.65%             | 2054-03-20      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384MXA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  17104592 | PA      | $17274921.26  | 0.75%             | 2054-04-20      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   9000000 | PA      | $8934507.00   | 0.39%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   3000000 | PA      | $2961731.10   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797SC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1995170.00   | 0.09%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797TM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $7273017.75   | 0.32%             | 2027-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797UA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19789626.00  | 0.86%             | 2026-06-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797UB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9887470.80   | 0.43%             | 2026-06-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CKY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1003198.50   | 0.04%             | 2026-06-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Floating Rate Notes                            | CUSIP: 91282CMX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4004489.60   | 0.17%             | 2027-04-30      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  16812147 | PA      | $17161820.83  | 0.74%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392BXA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15820 | PA      | $15829.45     | 0.00%             | 2032-02-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392KG91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24768 | PA      | $24960.99     | 0.00%             | 2031-05-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31418ERM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11452199 | PA      | $11801789.12  | 0.51%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                                      | Federal Home Loan Mortgage Corp                              | CUSIP: 3134HBK59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $2000006.00   | 0.09%             | 2027-09-02      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31358SSV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9782 | PA      | $9763.10      | 0.00%             | 2030-10-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                 | Freddie Mac Strips                                           | CUSIP: 3128HWJT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     40635 | PA      | $40357.95     | 0.00%             | 2036-12-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                             | CUSIP: 3132DWKM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13181370 | PA      | $13270735.73  | 0.58%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136B5TY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15297923 | PA      | $15136257.55  | 0.66%             | 2059-08-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 313921GH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59992 | PA      | $60088.34     | 0.00%             | 2031-10-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 313921XJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49068 | PA      | $48912.45     | 0.00%             | 2031-10-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31393T5M4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    171943 | PA      | $172140.85    | 0.01%             | 2033-11-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339D2Z0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     19124 | PA      | $19189.77     | 0.00%             | 2032-02-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339GJ93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     49194 | PA      | $49352.29     | 0.00%             | 2031-06-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31394HV24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     86454 | PA      | $86417.03     | 0.00%             | 2033-09-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797TQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $15764923.20  | 0.68%             | 2026-07-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136A8H45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3806375 | PA      | $3766306.14   | 0.16%             | 2042-10-25      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136BQML0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7297198 | PA      | $7249298.48   | 0.31%             | 2049-12-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136BSS97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16169284 | PA      | $16221792.53  | 0.70%             | 2053-11-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FQKJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3385015 | PA      | $3385012.49   | 0.15%             | 2029-11-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137H9JR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20897783 | PA      | $20937150.04  | 0.91%             | 2032-10-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137HDL40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12895659 | PA      | $12978551.01  | 0.56%             | 2054-07-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392FV38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       677 | PA      | $677.23       | 0.00%             | 2032-12-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392K6W1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2660 | PA      | $2670.11      | 0.00%             | 2032-03-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339LMA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8870 | PA      | $8873.86      | 0.00%             | 2031-12-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3133TJ2M4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6275 | PA      | $6279.04      | 0.00%             | 2029-01-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392RSL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     31928 | PA      | $31948.90     | 0.00%             | 2029-09-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392UKB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25021 | PA      | $25053.18     | 0.00%             | 2032-03-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31393FAR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     51193 | PA      | $51199.49     | 0.00%             | 2029-06-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31394L3C4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    123222 | PA      | $124110.52    | 0.01%             | 2033-10-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31394RCD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    512829 | PA      | $512815.56    | 0.02%             | 2034-02-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38376RZ74<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3577026 | PA      | $3587305.77   | 0.16%             | 2067-03-20      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3133TJ2P7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6548 | PA      | $6552.04      | 0.00%             | 2029-01-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 3136BQMU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8317152 | PA      | $8250814.83   | 0.36%             | 2049-09-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137H9MS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21549763 | PA      | $21719542.50  | 0.94%             | 2032-11-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 3137HACF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  22458495 | PA      | $22401039.58  | 0.97%             | 2053-07-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31391KNZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4650 | PA      | $4789.02      | 0.00%             | 2032-12-01      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40041 | PA      | $40528.23     | 0.00%             | 2032-07-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38380A2G1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5787993 | PA      | $5742732.94   | 0.25%             | 2046-10-20      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384YZH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  36708075 | PA      | $36800726.62  | 1.60%             | 2054-10-20      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38385BVV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  19883151 | PA      | $19933620.81  | 0.86%             | 2054-12-20      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797SY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4995978.00   | 0.22%             | 2026-03-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31392RKN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24042 | PA      | $24228.86     | 0.00%             | 2031-05-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31396KYA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    155187 | PA      | $154769.92    | 0.01%             | 2036-08-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31398EDL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    222640 | PA      | $224151.15    | 0.01%             | 2036-07-15      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31402RT90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45401 | PA      | $47229.37     | 0.00%             | 2035-09-01      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 3140QSD32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4017468 | PA      | $4180297.72   | 0.18%             | 2053-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 3140X7EG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1061689 | PA      | $1019968.95   | 0.04%             | 2049-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31418EYM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19676546 | PA      | $20067350.26  | 0.87%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38375BUE0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    948514 | PA      | $948750.16    | 0.04%             | 2062-06-20      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CHY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $3015236.70   | 0.13%             | 2026-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38377FJD4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3243733 | PA      | $3251405.93   | 0.14%             | 2040-05-20      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38380QN73<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  16694543 | PA      | $16989044.67  | 0.74%             | 2071-04-20      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797TC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2916348.30   | 0.13%             | 2026-12-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797TX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $7866624.00   | 0.34%             | 2026-08-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                            | CUSIP: 31392FNG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32494 | PA      | $32787.49     | 0.00%             | 2032-11-18      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                              | CUSIP: 31418FNH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19373686 | PA      | $19474762.80  | 0.85%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CDG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1475246.40   | 0.06%             | 2026-10-31      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CLH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1500538.80   | 0.07%             | 2026-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384WG25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14958787 | PA      | $15012474.55  | 0.65%             | 2054-09-20      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38385LM47<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  19860896 | PA      | $19881251.09  | 0.86%             | 2056-01-20      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2009652.40   | 0.09%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31339MAX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     62129 | PA      | $62460.51     | 0.00%             | 2031-06-15      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137F62A4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4832682 | PA      | $4831264.98   | 0.21%             | 2030-09-25      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137H9PG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15716517 | PA      | $15731508.85  | 0.68%             | 2032-12-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                           | CUSIP: 31397JE91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21331 | PA      | $21213.62     | 0.00%             | 2035-08-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                     | CUSIP: 38384WAU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  21199743 | PA      | $21330059.70  | 0.93%             | 2054-09-20      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                          | CUSIP: 912797TA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9977954.00   | 0.43%             | 2026-03-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                          | CUSIP: 91282CCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $987492.00    | 0.04%             | 2026-07-31      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-23

**Name of Applicant:** Federated Hermes Institutional Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Institutional Trust

**Title:** Chief Compliance Officer