# EDGAR Filing Document

**Accession Number:** 0001392116
**File Stem:** 0000940400-26-008680
**Filing Date:** 2026-2
**Character Count:** 269101
**Document Hash:** 9d9a18afe4ede155a8e281de03114c03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008680.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008680

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22025
- **FILM NUMBER:** 26687483

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Scottsdale

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85258

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $933468055.21

**Total Liabilities:** $11194411.21

**Net Assets:** $922273644.00

**Delayed Delivery Securities:** $2200000.00

**Cash Not Reported:** $4039819.83

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 573.36971000 | **1-Year:** 30150.63361000 | **5-Year:** 171150.69927000 | **10-Year:** 68204.66158000 | **30-Year:** 969.59979000

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

- **3-Month:** 198.29030000 | **1-Year:** 20448.95096000 | **5-Year:** 54888.93064000 | **10-Year:** 25115.82747000 | **30-Year:** 6959.16113000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000159005 | 0.55%                | 0.70%                | 0.22%                |
| Class ID C000159006 | 0.57%                | 0.73%                | 0.25%                |
| Class ID C000191194 | 0.57%                | 0.72%                | 0.24%                |
| Class ID C000221175 | 0.57%                | 0.73%                | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $193691.88               | $1748913.40                                |
| Month 2  | $285677.56               | $2115244.94                                |
| Month 3  | $205500.22               | $-1262612.87                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -743 | NC      | $-257364.07   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2020-INV1 Trust                                                              | CUSIP: 67113CAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    249178 | PA      | $224444.72    | 0.02%             | 2049-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage              | Deephaven Residential Mortgage Trust 2021-4                                      | CUSIP: 24381JAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1397704 | PA      | $1119924.17   | 0.12%             | 2066-11-25      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl              | Santander Drive Auto Receivables Trust 2025-4                                    | CUSIP: 802923AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2650000 | PA      | $2658575.93   | 0.29%             | 2032-01-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate               | Cantor Commercial Real Estate Lending 2019-CF1                                   | CUSIP: 12529MAK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $927333.60    | 0.10%             | 2052-05-15      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| PRIMA Capital LTD                           | Prima Capital CRE Securitization 2019-VII Ltd                                    | CUSIP: 74166QAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    512400 | PA      | $508207.44    | 0.06%             | 2050-12-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2021-GR3                                     | CUSIP: 36263TBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903218 | PA      | $759680.62    | 0.08%             | 2052-04-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-1                                                  | CUSIP: 46648CAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1895278 | PA      | $1709231.82   | 0.19%             | 2047-01-25      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-INV6                                               | CUSIP: 46654FAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    709626 | PA      | $589100.41    | 0.06%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta              | Mello Mortgage Capital Acceptance 2018-MTG2                                      | CUSIP: 585499BR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1238228 | PA      | $1188146.44   | 0.13%             | 2048-10-25      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2006-AR2                                           | CUSIP: 17307G6K9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    184152 | PA      | $136702.34    | 0.01%             | 2036-03-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                 | Balboa Bay Loan Funding 2022-1 Ltd                                               | CUSIP: 05766EAQ5<br>LEI: 549300USDGJ8GD3PWY07 | Long             | ABS-CBDO         | CORP              | KY        |   2850000 | PA      | $2857315.95   | 0.31%             | 2037-04-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-6                                           | CUSIP: 46657YBB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1469493 | PA      | $1531703.96   | 0.17%             | 2054-12-25      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T              | STWD 2025-FL4 LLC                                                                | CUSIP: 863922AE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2001871.40   | 0.22%             | 2042-11-19      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2019-GC40                                           | CUSIP: 36257HBR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11426301 | PA      | $359572.55    | 0.04%             | 2052-07-10      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2005-J2                                                   | CUSIP: 12667F6H3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    307015 | PA      | $235902.99    | 0.03%             | 2035-04-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-SBT1                                    | CUSIP: 20753VBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2026670 | PA      | $2089639.85   | 0.23%             | 2040-02-25      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mor              | Structured Adjustable Rate Mortgage Loan Trust Series 2005-4                     | CUSIP: 863579MS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     34049 | PA      | $31248.65     | 0.00%             | 2035-03-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R01                                     | CUSIP: 20753UAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1640658.24   | 0.18%             | 2044-01-25      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                            | GWT 2024-WLF2                                                                    | CUSIP: 362414AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2700000 | PA      | $2718881.91   | 0.29%             | 2041-05-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2020-EXP3 Trust                                                              | CUSIP: 67448WAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205031 | PA      | $180426.69    | 0.02%             | 2060-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2013-7                                             | CUSIP: 17321BAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    429176 | PA      | $402460.46    | 0.04%             | 2036-08-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B22 Mortgage Trust                                                | CUSIP: 08163BBF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10951579 | PA      | $666186.76    | 0.07%             | 2054-01-15      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-8                                                  | CUSIP: 46650MBG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    811918 | PA      | $755233.97    | 0.08%             | 2049-01-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2004-AR7                          | CUSIP: 92922FTB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191040 | PA      | $181134.98    | 0.02%             | 2034-07-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2023-R02                                     | CUSIP: 20755AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4088283 | PA      | $4406438.09   | 0.48%             | 2043-01-25      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan              | Laurel Road Prime Student Loan Trust 2018-B                                      | CUSIP: 51888RAC4<br>LEI: 549300XLHGW4YH0MCQ51 | Long             | ABS-O            | CORP              | US        |    131313 | PA      | $130861.39    | 0.01%             | 2043-05-26      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                             | Venture 33 CLO Ltd                                                               | CUSIP: 92330YAW3<br>LEI: 549300NQPL9XHZ20E278 | Long             | ABS-CBDO         | CORP              | KY        |   1266720 | PA      | $1268357.87   | 0.14%             | 2031-07-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2025-R02                                     | CUSIP: 20754TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2013244.40   | 0.22%             | 2045-02-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2024-2                            | CUSIP: 61776FBK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3915127 | PA      | $4167828.82   | 0.45%             | 2054-03-25      | Variable      | 7.09%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | EFMT 2025-RM4                                                                    | CUSIP: 26847CAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1908755.40   | 0.21%             | 2055-11-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit              | Bain Capital Credit CLO 2024-2 Ltd                                               | CUSIP: 056921AG4<br>LEI: 254900KJZFJF5PZOFD13 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4018544.00   | 0.44%             | 2037-07-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                    | Redwood Funding Trust 2025-3                                                     | CUSIP: 75806GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2332033 | PA      | $2354795.40   | 0.26%             | 2056-12-27      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FTZM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3346407 | PA      | $324035.81    | 0.04%             | 2035-02-25      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Deutsche Mortgage Securities,               | Deutsche Mortgage Securities Inc Re-REMIC Trust Certificates Series 2007-WM1     | CUSIP: 25157TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234588 | PA      | $207537.74    | 0.02%             | 2037-06-27      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                      | GSAA Home Equity Trust 2007-1                                                    | CUSIP: 3622EQAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    843117 | PA      | $233056.67    | 0.03%             | 2037-02-25      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| Sunrun Jupiter Issuer                       | Sunrun Jupiter Issuer 2022-1 LLC                                                 | CUSIP: 86772RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4312693 | PA      | $4180695.03   | 0.45%             | 2057-07-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2024-9                                                    | CUSIP: 81749PAV2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    440067 | PA      | $441934.21    | 0.05%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2025-V19 Mortgage Trust                                                | CUSIP: 08164DAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2512279.50   | 0.27%             | 2058-01-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-5                                                  | CUSIP: 46591FAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1173759 | PA      | $1123633.86   | 0.12%             | 2049-11-25      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2007-HY2 Trust                    | CUSIP: 92926UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207178 | PA      | $196408.89    | 0.02%             | 2036-12-25      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                    | CUSIP: 466330AQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2143000 | PA      | $2145086.85   | 0.23%             | 2038-04-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2015-4                                                  | CUSIP: 46644VBT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1264067 | PA      | $919337.96    | 0.10%             | 2045-06-25      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2020-C Trust                                      | CUSIP: 83390UAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2865000 | PA      | $2491226.08   | 0.27%             | 2046-02-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                   | ORL Trust 2024-GLKS                                                              | CUSIP: 67120DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2773178.38   | 0.30%             | 2039-12-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| SOUTHERN PWR CO 0126                        | SOUTHERN PWR CO 0126                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6993924.00   | 0.76%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TBW Mortgage Backed Pass Throu              | TBW Mortgage-Backed Trust 2006-6                                                 | CUSIP: 87222PAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2476441 | PA      | $542399.36    | 0.06%             | 2037-01-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                           | Cedar Funding V CLO Ltd                                                          | CUSIP: 15032AAU1<br>LEI: 635400NWFWJ92O7QGD64 | Long             | ABS-CBDO         | CORP              | KY        |   2600000 | PA      | $2604136.60   | 0.28%             | 2031-07-17      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Stacr Remic Trust 2025-Hqa1                                          | CUSIP: 35564NHA4<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2006050.40   | 0.22%             | 2045-02-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2019-H7                                           | CUSIP: 61771MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6586500 | PA      | $280238.45    | 0.03%             | 2052-07-15      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-LUNR                                                               | CUSIP: 05594CAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2396737 | PA      | $2408287.88   | 0.26%             | 2040-06-15      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg              | DBJPM 2016-C3 Mortgage Trust                                                     | CUSIP: 23312VAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1847000 | PA      | $1769514.29   | 0.19%             | 2049-08-10      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2024-CCM1                                               | CUSIP: 46658NBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    983527 | PA      | $964330.22    | 0.10%             | 2055-04-25      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2021-R02                                     | CUSIP: 20754KAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    698852 | PA      | $712636.58    | 0.08%             | 2041-11-25      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B4 Mortgage Trust                                                 | CUSIP: 08161HAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $289604.40    | 0.03%             | 2051-07-15      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Trust 2015-3                                                           | CUSIP: 46644MAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    296935 | PA      | $281069.32    | 0.03%             | 2045-05-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| MONDELEZ 0 CP 01/08/2026                    | MONDELEZ 0 CP 01/08/2026                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998304.40   | 0.22%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                    | Oceanview Mortgage Trust 2021-5                                                  | CUSIP: 67647ECF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2420991 | PA      | $2009970.55   | 0.22%             | 2051-10-25      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2015-1                                                  | CUSIP: 00841WBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    979556 | PA      | $794609.62    | 0.09%             | 2045-01-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2024-4                            | CUSIP: 61777BBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    982347 | PA      | $1017230.62   | 0.11%             | 2054-09-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2020-J2                                                                | CUSIP: 12568PCG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    859344 | PA      | $711655.85    | 0.08%             | 2051-01-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Cherry Securitization Trust                 | Cherry Securitization Trust 2025-1                                               | CUSIP: 16473RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2336564.48   | 0.25%             | 2032-11-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B5 Mortgage Trust                                                 | CUSIP: 08160BAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13253026 | PA      | $427028.40    | 0.05%             | 2051-07-15      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-3                                                    | CUSIP: 81748ACE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1209828 | PA      | $1060484.50   | 0.11%             | 2050-04-25      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2021-6                                                | CUSIP: 92538MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    327232 | PA      | $289874.99    | 0.03%             | 2066-10-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                        | ACE Securities Corp Mortgage Loan Trust Series 2007-D1                           | CUSIP: 00083BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    453206 | PA      | $370537.72    | 0.04%             | 2038-02-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus              | CSAIL 2018-CX12 Commercial Mortgage Trust                                        | CUSIP: 12595XAY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2360000 | PA      | $2290683.97   | 0.25%             | 2051-08-15      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| Market Street CLO Ltd                       | Market Street CLO Ltd II                                                         | CUSIP: 57064FAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501605.00   | 0.16%             | 2038-03-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2018-INV1                                                              | CUSIP: 12553XAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    309912 | PA      | $292456.37    | 0.03%             | 2048-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2025-FL15 LLC                                                                | CUSIP: 05556EAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1505337.00   | 0.16%             | 2043-03-19      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Point Securitization Trust                  | Point Securitization Trust 2025-1                                                | CUSIP: 73072DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2365268 | PA      | $2376350.57   | 0.26%             | 2055-06-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                                     | CUSIP: 36459DCE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3736664.80   | 0.41%             | 2050-11-27      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                      | Taco Bell Funding LLC                                                            | CUSIP: 87342RAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3930000 | PA      | $3459166.35   | 0.38%             | 2051-08-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Guaranteed Funding (DK) Limite              | DK Trust 2025-LXP                                                                | CUSIP: 23292LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1807872.48   | 0.20%             | 2037-08-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Pass-throu              | ILPT Commercial Mortgage Trust 2025-LPF2                                         | CUSIP: 451955AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1018866.90   | 0.11%             | 2042-07-13      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| PARKER HANNIFIN 0326                        | PARKER HANNIFIN 0326                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2234420.33   | 0.24%             | 2026-03-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC                | Triton Container Finance VIII LLC                                                | CUSIP: 89680HAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250336 | PA      | $1156723.55   | 0.13%             | 2046-03-20      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-4                                           | CUSIP: 46657WBG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3909959 | PA      | $4083986.54   | 0.44%             | 2054-10-25      | Variable      | 7.09%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2021-GSA3                                           | CUSIP: 36263UAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $267998.45    | 0.03%             | 2054-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2007-S1                                                 | CUSIP: 46630RBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    913030 | PA      | $316302.13    | 0.03%             | 2037-03-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2023-1                                                    | CUSIP: 81749BCE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1396401 | PA      | $1328880.84   | 0.14%             | 2053-01-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2022-CSMO                                           | CUSIP: 05610MAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3300000 | PA      | $3313722.72   | 0.36%             | 2027-06-15      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2006-19CB                                                 | CUSIP: 02147QAM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    243293 | PA      | $102794.94    | 0.01%             | 2036-08-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Arbys Funding LLC                           | Arbys Funding LLC                                                                | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1887420 | PA      | $1839889.67   | 0.20%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                       | INTOWN 2025-STAY Mortgage Trust                                                  | CUSIP: 46117WAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2268450.45   | 0.25%             | 2042-03-15      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-13                                                   | CUSIP: 81750DAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2008359.40   | 0.22%             | 2055-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-F                                 | CUSIP: 63942GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $619621.10    | 0.07%             | 2070-02-18      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                  | MFA 2020-NQM3 Trust                                                              | CUSIP: 552757AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150961 | PA      | $145123.22    | 0.02%             | 2065-01-26      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust Series 2024-11                                 | CUSIP: 161919BQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1971810 | PA      | $2003920.24   | 0.22%             | 2055-11-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| PRM Trust                                   | PRM Trust 2025-PRM6                                                              | CUSIP: 74277DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2759097.83   | 0.30%             | 2033-07-05      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Co              | Structured Asset Securities Corp Mortgage Loan Trust 2006-BC5                    | CUSIP: 86359SAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1122 | PA      | $1121.44      | 0.00%             | 2036-12-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-2                                                  | CUSIP: 00842EAW1<br>LEI: 549300TSTBCBQ5EBD390 | Long             | ABS-MBS          | CORP              | US        |    998319 | PA      | $771145.16    | 0.08%             | 2046-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2020-J2                                                                | CUSIP: 12568PCH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1138876 | PA      | $934048.62    | 0.10%             | 2051-01-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securit              | SG Commercial Mortgage Securities Trust 2020-COVE                                | CUSIP: 78397FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2320000 | PA      | $2148823.44   | 0.23%             | 2037-03-15      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2013-IVR5                                                             | CUSIP: 12647VAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128694 | PA      | $125907.01    | 0.01%             | 2043-10-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2019-1                                                   | CUSIP: 33852AAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    214494 | PA      | $193400.81    | 0.02%             | 2049-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-5                                                  | CUSIP: 46653JBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1515791 | PA      | $1347835.51   | 0.15%             | 2050-12-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R05                                     | CUSIP: 20754XAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4550000 | PA      | $4571659.37   | 0.50%             | 2044-07-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| BBCCRE Trust                                | BBCCRE Trust 2015-GTP                                                            | CUSIP: 05490TAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        | 103000000 | PA      | $394103.75    | 0.04%             | 2033-08-10      | Variable      | 0.21%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                                | CUSIP: 36257QAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800089 | PA      | $748778.20    | 0.08%             | 2050-03-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2018-C45                                   | CUSIP: 95001NAZ1<br>LEI: 5493006021R83VCLAO08 | Long             | ABS-MBS          | CORP              | US        |  13402794 | PA      | $209822.75    | 0.02%             | 2051-06-15      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R01                                     | CUSIP: 20753UAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $529250.50    | 0.06%             | 2044-01-25      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2006-S2                                                 | CUSIP: 46628YAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    406695 | PA      | $169630.05    | 0.02%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B14 Mortgage Trust                                                | CUSIP: 08162YAP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10418134 | PA      | $472976.51    | 0.05%             | 2062-12-15      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2021-NQM4                                           | CUSIP: 45276JAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1048278 | PA      | $839284.39    | 0.09%             | 2057-01-25      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2023-R07                                     | CUSIP: 20753BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1034230.40   | 0.11%             | 2043-09-25      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2023-SMRT                                    | CUSIP: 17291NAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003143.80   | 0.11%             | 2040-10-12      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                    | CUSIP: 466330AN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250209.25    | 0.03%             | 2038-04-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R02                                     | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1048278 | PA      | $1083848.17   | 0.12%             | 2042-01-25      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-7                                                  | CUSIP: 46651GAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    309516 | PA      | $279803.43    | 0.03%             | 2050-02-25      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2021-PJ3                                | CUSIP: 36262AAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1138783 | PA      | $920597.71    | 0.10%             | 2051-08-25      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US LONG BOND(CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       214 | NC      | $-221692.34   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                    | BX Trust 2022-VAMF                                                               | CUSIP: 05609TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $497901.00    | 0.05%             | 2039-01-15      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2020-BNK27                                                                  | CUSIP: 06539XAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  36629594 | PA      | $1382540.08   | 0.15%             | 2063-04-15      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne              | PRET 2025-RPL2 Trust                                                             | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2565060 | PA      | $2510822.49   | 0.27%             | 2064-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2021-11INV                                               | CUSIP: 33851TAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1653064 | PA      | $1370238.31   | 0.15%             | 2051-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137H2NZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9006344 | PA      | $652740.21    | 0.07%             | 2036-08-25      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| PRM7 Trust                                  | PRM7 Trust 2025-PRM7                                                             | CUSIP: 74290HAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $997235.50    | 0.11%             | 2042-11-10      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-DNA6                                          | CUSIP: 35564KLU1<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |   1825522 | PA      | $1858342.33   | 0.20%             | 2041-10-25      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2007-HY1 Trust                    | CUSIP: 92925VAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    159102 | PA      | $147636.97    | 0.02%             | 2037-02-25      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2005-AR16 Trust                   | CUSIP: 92922F6W3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    131378 | PA      | $120435.54    | 0.01%             | 2035-12-25      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                             | Oaktree CLO 2019-4 Ltd                                                           | CUSIP: 67402CBJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3135000 | PA      | $3145427.01   | 0.34%             | 2037-07-20      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| BMD2 Re-REMIC Trust                         | BMD2 Re-Remic Trust 2019-FRR1                                                    | CUSIP: 055631HH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5887827 | PA      | $5161687.18   | 0.56%             | 2052-05-25      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-7                                                    | CUSIP: 81749VCK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3166880 | PA      | $3153428.43   | 0.34%             | 2055-08-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| AB Bsl CLO 1 Ltd                            | AB BSL CLO 5 Ltd                                                                 | CUSIP: 00038GAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1650000 | PA      | $1655562.15   | 0.18%             | 2038-01-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                         | SOUND POINT CLO VII-R Ltd                                                        | CUSIP: 83610HAG5<br>LEI: 549300IYECLSB6ZQZB89 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $600776.40    | 0.07%             | 2031-10-23      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2021-C61                                   | CUSIP: 95003QCQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $1849465.50   | 0.20%             | 2054-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential               | Starwood Mortgage Residential Trust 2020-1                                       | CUSIP: 85573AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2096556 | PA      | $1879818.86   | 0.20%             | 2050-02-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV3                                               | CUSIP: 46651HBT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    837567 | PA      | $792787.68    | 0.09%             | 2050-03-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor              | J.P. Morgan Chase Commercial Mortgage Securities Trust 2024-OMNI                 | CUSIP: 46593JAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002973.60   | 0.11%             | 2039-10-05      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B7 Mortgage Trust                                                 | CUSIP: 08162TBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  46479611 | PA      | $411425.90    | 0.04%             | 2053-05-15      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2019-3 Trust                              | CUSIP: 949831AS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137581 | PA      | $125201.96    | 0.01%             | 2049-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                                | CUSIP: 36257QAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1815222 | PA      | $1694514.71   | 0.18%             | 2050-03-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Hospitality Investors Trust                 | HIT Trust 2022-HI32                                                              | CUSIP: 40442AAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391928 | PA      | $392436.26    | 0.04%             | 2039-07-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2025-INV4 Trust                                                             | CUSIP: 367920CM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    998216 | PA      | $1063320.22   | 0.12%             | 2055-08-25      | Variable      | 7.27%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Mortgage Loan Trust 2017-2                                             | CUSIP: 59980AAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $883652.85    | 0.10%             | 2059-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Mill City Solar Loan 2019-2 Lt              | Mill City Solar Loan 2019-2 Ltd                                                  | CUSIP: 59982VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    752265 | PA      | $687238.80    | 0.07%             | 2043-07-20      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2017-C40                                   | CUSIP: 95000YAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21186064 | PA      | $206554.59    | 0.02%             | 2050-10-15      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2024-INV2 Trust                                                             | CUSIP: 36170KBH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2357596 | PA      | $2502036.92   | 0.27%             | 2054-06-25      | Variable      | 7.27%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Trust 2015-1                                                           | CUSIP: 46643UDQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    440778 | PA      | $433075.56    | 0.05%             | 2044-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2014-IVR1                                                             | CUSIP: 12648ABA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    177227 | PA      | $172527.94    | 0.02%             | 2043-11-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2017-2                                                    | CUSIP: 81746KCC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    995787 | PA      | $945643.88    | 0.10%             | 2047-02-25      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2019-INV2 Trust                                                              | CUSIP: 67112VBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97178 | PA      | $91042.37     | 0.01%             | 2049-05-27      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ2                                | CUSIP: 36257LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50418 | PA      | $47638.18     | 0.01%             | 2049-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                                | CUSIP: 36257QAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2118668 | PA      | $1982794.65   | 0.21%             | 2050-03-25      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29                      | CUSIP: 61766EBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2864653.20   | 0.31%             | 2049-05-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                          | Sunnova Helios IV Issuer LLC                                                     | CUSIP: 86746CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    845248 | PA      | $752603.63    | 0.08%             | 2047-06-20      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential               | Starwood Mortgage Residential Trust 2020-3                                       | CUSIP: 85573MAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1397704 | PA      | $1333915.17   | 0.14%             | 2065-04-25      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-9                                                  | CUSIP: 07386HYH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    734273 | PA      | $389726.94    | 0.04%             | 2035-11-25      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2017-6                                       | CUSIP: 64830BAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    810959 | PA      | $796891.96    | 0.09%             | 2057-08-27      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                    | Bayview MSR Opportunity Master Fund Trust 2021-INV5                              | CUSIP: 07336JCL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1264564 | PA      | $1097604.28   | 0.12%             | 2051-11-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2019-2                                                   | CUSIP: 33852BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850435 | PA      | $787513.32    | 0.09%             | 2049-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2022-PJ5                                     | CUSIP: 362925CE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2755697 | PA      | $2325712.73   | 0.25%             | 2052-10-25      | Variable      | 2.98%                 | No            |                  2 | On Loan: No      |
| Splitero Trust 2025-1                       | Splitero Trust 2025-1                                                            | CUSIP: 848948AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3974182.00   | 0.43%             | 2055-12-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B9 Mortgage Trust                                                 | CUSIP: 08160JAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $924399.27    | 0.10%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC 2021-AFC1 Trust                                                             | CUSIP: 12657LAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $650945.40    | 0.07%             | 2056-03-25      | Variable      | 2.19%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2013-IVR3                                                             | CUSIP: 12646XAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58903 | PA      | $57986.02     | 0.01%             | 2043-05-25      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-C32                                                    | CUSIP: 07337AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19973522 | PA      | $1657031.36   | 0.18%             | 2062-02-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| Renaissance Home Equity Loan T              | Renaissance Home Equity Loan Trust 2005-4                                        | CUSIP: 759950GA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    241232 | PA      | $225626.28    | 0.02%             | 2036-02-25      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| VTR Commercial Mortgage Trust               | VTR Commercial Mortgage Trust 2025-STEM                                          | CUSIP: 92890YAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2009447.60   | 0.22%             | 2039-10-13      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2025-CCM1                                               | CUSIP: 46593MBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1675950 | PA      | $1621391.55   | 0.18%             | 2055-06-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-8                                                    | CUSIP: 81749WCL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2266000 | PA      | $1876278.82   | 0.20%             | 2055-09-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2007-OA4                                                  | CUSIP: 02150DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    694589 | PA      | $637049.68    | 0.07%             | 2047-05-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                    | Bayview Opportunity Master Fund VI Trust 2021-INV6                               | CUSIP: 07335UCJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1622886 | PA      | $1383663.05   | 0.15%             | 2051-10-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-XL4                                            | CUSIP: 05611VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1392053 | PA      | $1398823.73   | 0.15%             | 2039-02-15      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Parallel Ltd                                | Parallel 2023-1 Ltd                                                              | CUSIP: 69915NAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3403923.60   | 0.37%             | 2036-07-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                        | Wingstop Funding LLC                                                             | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3973266 | PA      | $3853543.15   | 0.42%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Trust 2015-3                                                           | CUSIP: 46644MAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    866534 | PA      | $678355.51    | 0.07%             | 2045-05-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFI 01/09/2026                   | PARKER-HANNIFI 01/09/2026                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998087.80   | 0.22%             | 2026-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Verde CLO Ltd                               | VERDE CLO Ltd                                                                    | CUSIP: 92338BBA2<br>LEI: 254900DT3DF8KM5RRZ79 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1402258.20   | 0.15%             | 2032-04-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-PJ1                                     | CUSIP: 36268VBU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2136686 | PA      | $2240585.31   | 0.24%             | 2054-06-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2017-P8                                      | CUSIP: 17326DAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14434785 | PA      | $257996.52    | 0.03%             | 2050-09-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| CONCORD MINUTEMEN CAPITAL COMPANY, LLC      | CONCORD MINUTEME 0126                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2997506.40   | 0.33%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2023-PJ5                                     | CUSIP: 36268ABS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3491559 | PA      | $3611352.15   | 0.39%             | 2054-02-25      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2019-C54                                   | CUSIP: 95001YAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $895120.20    | 0.10%             | 2052-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus              | CSAIL 2017-CX10 Commercial Mortgage Trust                                        | CUSIP: 12595JAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16406000 | PA      | $281767.31    | 0.03%             | 2050-11-15      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust                                                         | CUSIP: 46593VAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3649000 | PA      | $3744490.68   | 0.41%             | 2055-11-25      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2020-J1                                                                | CUSIP: 12559YBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    864159 | PA      | $760849.58    | 0.08%             | 2049-10-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Merit                                       | MHP 2022-MHIL                                                                    | CUSIP: 55293DAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1999190.61   | 0.22%             | 2039-01-15      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2018-4                                                   | CUSIP: 33851LAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    847011 | PA      | $786431.81    | 0.09%             | 2048-07-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finan              | Trafigura Securitisation Finance PLC                                             | CUSIP: 892725AX0<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |   6800000 | PA      | $6889569.60   | 0.75%             | 2027-11-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Helios Issuer VI, LLC                       | SUNNOVA HELIOS II ISSUER LLC 2021-B                                              | CUSIP: 86744TAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4501248 | PA      | $3350413.90   | 0.36%             | 2048-07-20      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer L              | Planet Fitness Master Issuer LLC                                                 | CUSIP: 72703PAG8<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   6320000 | PA      | $6559457.85   | 0.71%             | 2054-06-05      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2021-3                                                | CUSIP: 92539LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    541144 | PA      | $478411.52    | 0.05%             | 2066-06-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2022-J1 Trust                                                                | CUSIP: 67116WAP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    852794 | PA      | $707952.25    | 0.08%             | 2052-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-8                                                  | CUSIP: 46591KBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    256786 | PA      | $232591.28    | 0.03%             | 2050-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                           | Cedar Funding II CLO Ltd                                                         | CUSIP: 15032TBW5<br>LEI: 254900Q56WTD2BRLBE32 | Long             | ABS-CBDO         | CORP              | KY        |   6450000 | PA      | $6457591.65   | 0.70%             | 2038-07-22      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2006-AR14 Trust                   | CUSIP: 93363PAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164598 | PA      | $148491.24    | 0.02%             | 2036-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2024-HQA2                                          | CUSIP: 35564NEC3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1006941.40   | 0.11%             | 2044-08-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV1                                               | CUSIP: 46591DAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1007083 | PA      | $989294.62    | 0.11%             | 2049-09-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1                      | CUSIP: 61778GAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1270000 | PA      | $1323463.95   | 0.14%             | 2058-03-15      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH1                                                  | CUSIP: 81747MCF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    452660 | PA      | $446518.91    | 0.05%             | 2049-03-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY                              | SIMON PROPERTY G 0126                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7994914.40   | 0.87%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2017-BNK8                                                                   | CUSIP: 06650AAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14780716 | PA      | $325588.13    | 0.04%             | 2050-11-15      | Variable      | 1.29%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-4                                                  | CUSIP: 46648UAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    782343 | PA      | $726760.50    | 0.08%             | 2048-11-25      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                                      | CUSIP: 36258FAT6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350875 | PA      | $1203332.10   | 0.13%             | 2050-05-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| Sabal Issuer 2025-1 LLC                     | Sabal Issuer 2025 1 LLC                                                          | CUSIP: 78517QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3965302 | PA      | $4065434.19   | 0.44%             | 2060-11-01      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                    | BXMT 2025-FL5 Ltd                                                                | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2001762.00   | 0.22%             | 2042-10-18      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-5C34                                                   | CUSIP: 07337BAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1049429.20   | 0.11%             | 2058-05-15      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2018-2                                                   | CUSIP: 33851HBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    792060 | PA      | $737222.68    | 0.08%             | 2048-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-6                                                | CUSIP: 46655KDF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2567561 | PA      | $2153357.60   | 0.23%             | 2052-11-25      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer L              | Planet Fitness Master Issuer LLC                                                 | CUSIP: 72703PAH6<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   1850000 | PA      | $1862300.65   | 0.20%             | 2055-12-06      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| REMIC FUNDING TRUST 98-1                    | Redwood Funding Trust 2025-2                                                     | CUSIP: 75806EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3409581 | PA      | $3437996.40   | 0.37%             | 2055-10-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B17 Mortgage Trust                                                | CUSIP: 08162MAZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10938056 | PA      | $453384.60    | 0.05%             | 2053-03-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Bank5                                       | BANK5 2024-5YR12                                                                 | CUSIP: 06644XAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $2045302.14   | 0.22%             | 2057-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                | CD 2019-CD8 Mortgage Trust                                                       | CUSIP: 12515BAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11834294 | PA      | $449883.64    | 0.05%             | 2057-08-15      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 18 Ltd                          | Elmwood CLO 18 Ltd                                                               | CUSIP: 29003MAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3013167.00   | 0.33%             | 2037-07-17      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2015-3                                                    | CUSIP: 81746LCD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    272951 | PA      | $221668.81    | 0.02%             | 2045-07-25      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-6                                                  | CUSIP: 46650JAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215599 | PA      | $195205.05    | 0.02%             | 2048-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2021-C59                                   | CUSIP: 95003CAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1380000 | PA      | $1186888.87   | 0.13%             | 2054-04-15      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP 0126                       | VOLKSWAGEN GROUP 0126                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $1998960.40   | 0.22%             | 2026-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-ROIC                                                               | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1668493 | PA      | $1663513.51   | 0.18%             | 2030-03-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loans 2017-2 LLC                                                    | CUSIP: 61946GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    416065 | PA      | $394079.29    | 0.04%             | 2043-06-22      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV1                                               | CUSIP: 46650PAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451015 | PA      | $435529.65    | 0.05%             | 2049-06-25      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-4                                                  | CUSIP: 07386HSY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63125 | PA      | $60601.54     | 0.01%             | 2035-05-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC DI 01/12/2026                   | EQUIFAX INC DI 01/12/2026                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4993611.50   | 0.54%             | 2026-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga              | MF1 2025-FL20 LLC                                                                | CUSIP: 59319CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1504215.90   | 0.16%             | 2043-02-18      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| PSMC Trust                                  | PSMC 2019-3 Trust                                                                | CUSIP: 69375BAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    179216 | PA      | $166766.37    | 0.02%             | 2049-11-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co.,              | Galton Funding Mortgage Trust 2019-1                                             | CUSIP: 36418WAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24001 | PA      | $23379.02     | 0.00%             | 2059-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV3                                               | CUSIP: 46651HBW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1463337 | PA      | $1376861.12   | 0.15%             | 2050-03-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| PRM5 Trust                                  | PRM5 Trust 2025-PRM5                                                             | CUSIP: 693980AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2754406.33   | 0.30%             | 2033-03-10      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GSMS Trust 2024-Fair                                                             | CUSIP: 36270JAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2562927.75   | 0.28%             | 2029-07-15      | Variable      | 6.89%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1541 | NC      | $243375.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV2                                               | CUSIP: 46651DAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125401 | PA      | $114254.07    | 0.01%             | 2050-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan 2020-3 Ltd               | Loanpal Solar Loan Ltd                                                           | CUSIP: 53948NAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    954174 | PA      | $674113.84    | 0.07%             | 2047-12-20      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CFK Trust                                   | CFK Trust 2020-MF2                                                               | CUSIP: 12529AAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1846426.20   | 0.20%             | 2039-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                             | Oaktree CLO 2024-25 Ltd                                                          | CUSIP: 67402PAE7<br>LEI: 254900NTZ5OVNC5X7789 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1104024.90   | 0.12%             | 2037-04-20      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Corp Trust 2023-FUN                                       | CUSIP: 36267CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1411767.84   | 0.15%             | 2028-03-15      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| MCR Mortgage Trust                          | MCR 2024-HTL Mortgage Trust                                                      | CUSIP: 55286PAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    805692 | PA      | $808031.83    | 0.09%             | 2037-02-15      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Sunrun Iris Issuer                          | Sunrun Iris Issuer 2023-1 LLC                                                    | CUSIP: 86772YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2061192 | PA      | $2049144.86   | 0.22%             | 2059-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2018-1                                    | CUSIP: 94989UBK6<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |    381246 | PA      | $346376.50    | 0.04%             | 2047-07-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| CBAM CLO Management LLC                     | CBAM 2017-1 Ltd                                                                  | CUSIP: 14987LAJ0<br>LEI: 254900JWJFDB3KD6V066 | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1705946.60   | 0.18%             | 2038-01-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| SMRT                                        | SMRT 2022-MINI                                                                   | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2465401.75   | 0.27%             | 2039-01-15      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-3                                                  | CUSIP: 46649TBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1194192 | PA      | $1096059.48   | 0.12%             | 2048-09-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R01                                     | CUSIP: 20753UAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1007225.10   | 0.11%             | 2044-01-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu              | JPMBB Commercial Mortgage Securities Trust 2014-C26                              | CUSIP: 46643TAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  34428000 | PA      | $88278.56     | 0.01%             | 2048-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2018-BNK12                                                                  | CUSIP: 06541KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9363500 | PA      | $277692.85    | 0.03%             | 2061-05-15      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2025-PJ1                                     | CUSIP: 36271DCK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2292000 | PA      | $2071748.88   | 0.22%             | 2055-06-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Mortgage Finance Trust Series 2006-A1                                      | CUSIP: 16163CAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75111 | PA      | $66886.23     | 0.01%             | 2036-09-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                          | BMO 2025-5C10 Mortgage Trust                                                     | CUSIP: 05615BAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1026376.60   | 0.11%             | 2058-05-15      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                                     | CUSIP: 36459DBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60678 | PA      | $60084.83     | 0.01%             | 2048-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXXIV Ltd                                                       | CUSIP: 09631JAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4900000 | PA      | $4905943.70   | 0.53%             | 2035-04-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2021-21M                                            | CUSIP: 05609CAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1399368.75   | 0.15%             | 2036-10-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-6                                                  | CUSIP: 46651BAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1151258 | PA      | $1088909.83   | 0.12%             | 2049-12-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-10 Trust  | CUSIP: 93934FGH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    248098 | PA      | $238677.61    | 0.03%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan              | Laurel Road Prime Student Loan Trust 2019-A                                      | CUSIP: 51889RAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    553343 | PA      | $547545.31    | 0.06%             | 2048-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-ARIA                                                               | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3025917.90   | 0.33%             | 2042-12-13      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX 2024-PALM                                                                     | CUSIP: 05612UAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2163462 | PA      | $2154064.98   | 0.23%             | 2037-06-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Hundred Acre Wood Trust                     | Hundred Acre Wood Trust 2021-INV3                                                | CUSIP: 44555QCF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1577748 | PA      | $1357159.35   | 0.15%             | 2051-12-25      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP 0126                           | ENTERGY CORP 0126                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998944.80   | 0.22%             | 2026-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2019-IMC                                            | CUSIP: 05608BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1679341 | PA      | $1657759.12   | 0.18%             | 2034-04-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | EFMT 2024-RM3                                                                    | CUSIP: 26845EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3075331 | PA      | $3007070.28   | 0.33%             | 2054-12-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXX Ltd                                                         | CUSIP: 09630QAY7<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3002382.00   | 0.33%             | 2035-04-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-4                                                    | CUSIP: 81748JAU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    263868 | PA      | $239886.68    | 0.03%             | 2049-11-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-TAIL                                                               | CUSIP: 123912AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2505883.00   | 0.27%             | 2035-06-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate               | Cantor Commercial Real Estate Lending 2019-CF3                                   | CUSIP: 12529TAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $879884.00    | 0.10%             | 2053-01-15      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta              | Mello Mortgage Capital Acceptance 2021-MTG3                                      | CUSIP: 58549RCG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    890109 | PA      | $733346.56    | 0.08%             | 2051-07-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                  | Apidos CLO XXIV                                                                  | CUSIP: 03759CAX8<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |   2650000 | PA      | $2654767.35   | 0.29%             | 2030-10-20      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-D                                 | CUSIP: 63942CAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2420 | PA      | $958491.34    | 0.10%             | 2060-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2018-H3                                           | CUSIP: 61767YBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1171000 | PA      | $1094363.09   | 0.12%             | 2051-07-15      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| AUTOZONE 0 1/2/26                           | AUTOZONE 0 1/2/26                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1699646.57   | 0.18%             | 2026-01-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                          | BMO 2024-5C6 Mortgage Trust                                                      | CUSIP: 05593QAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1797857.20   | 0.19%             | 2057-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2023-R05                                     | CUSIP: 207942AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1607306.70   | 0.17%             | 2043-06-25      | Floating      | 8.62%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2007-OC1 Trust | CUSIP: 93936FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    403371 | PA      | $369832.97    | 0.04%             | 2047-01-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-6                                                  | CUSIP: 46651BAY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    823678 | PA      | $781216.16    | 0.08%             | 2049-12-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R03                                     | CUSIP: 207941AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4145176.80   | 0.45%             | 2044-03-25      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA2                                          | CUSIP: 35564KSJ9<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |   6604150 | PA      | $6867811.44   | 0.74%             | 2042-02-25      | Floating      | 8.62%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2024-5C31                                                   | CUSIP: 07336YAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2216898.00   | 0.24%             | 2057-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-1                                                  | CUSIP: 46650HAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68633 | PA      | $64405.87     | 0.01%             | 2049-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-2                                                    | CUSIP: 81746YCD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    787388 | PA      | $743040.43    | 0.08%             | 2049-06-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH2                                                  | CUSIP: 81747CCH2<br>LEI: 549300RES143ZXEZ6T39 | Long             | ABS-MBS          | CORP              | US        |   1008295 | PA      | $1000393.57   | 0.11%             | 2049-08-25      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC                         | Zaxbys Funding LLC                                                               | CUSIP: 98920MAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2814375 | PA      | $2872617.93   | 0.31%             | 2054-04-30      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU              | WFRBS Commercial Mortgage Trust 2014-C21                                         | CUSIP: 92939FAX7<br>LEI: 5493000F7E2NMQ4HIO61 | Long             | ABS-MBS          | CORP              | US        |    722065 | PA      | $706903.11    | 0.08%             | 2047-08-15      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-1                                                | CUSIP: 46654WCK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1085196 | PA      | $890368.04    | 0.10%             | 2052-07-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-8                                                  | CUSIP: 46652TCK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    892501 | PA      | $792486.63    | 0.09%             | 2051-03-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2018-1                                                   | CUSIP: 61946FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453004 | PA      | $427951.16    | 0.05%             | 2043-06-22      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                     | GSR Mortgage Loan Trust 2005-AR5                                                 | CUSIP: 362341MC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87723 | PA      | $43277.89     | 0.00%             | 2035-10-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                         | BHMS Commercial Mortgage Trust 2025-ATLS                                         | CUSIP: 088928AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003850.70   | 0.11%             | 2042-08-15      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                          | Sunnova Helios XII Issuer LLC                                                    | CUSIP: 86745YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1520736 | PA      | $1123018.58   | 0.12%             | 2050-08-22      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV3                                               | CUSIP: 46591LBW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2116032 | PA      | $1981967.21   | 0.21%             | 2050-05-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman CLO XX Ltd                                                      | CUSIP: 64130TBU8<br>LEI: 549300NPF57YF6WBDP72 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1390407.20   | 0.15%             | 2039-04-15      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2024-5C27                                                   | CUSIP: 05555FAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2690934.90   | 0.29%             | 2057-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2014-1                                                  | CUSIP: 46641CBS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    609939 | PA      | $524673.31    | 0.06%             | 2044-01-25      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2016-C2                                      | CUSIP: 17291CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $948754.40    | 0.10%             | 2049-08-10      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2025-BCAT                                           | CUSIP: 12433HAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2395712 | PA      | $2403225.76   | 0.26%             | 2042-08-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                          | SUNNOVA HELIOS II ISSUER LLC 2018-1                                              | CUSIP: 86745JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1132611 | PA      | $1004052.29   | 0.11%             | 2048-07-20      | Fixed         | 7.71%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                                     | CUSIP: 36459DBW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    482136 | PA      | $469487.69    | 0.05%             | 2048-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF                         | GSAT Trust 2025-BMF                                                              | CUSIP: 36271XAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2003054.20   | 0.22%             | 2040-07-15      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Helios Issuer VI, LLC                       | SUNNOVA HELIOS II ISSUER LLC 2021-B                                              | CUSIP: 86744TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2171020 | PA      | $1924190.31   | 0.21%             | 2048-07-20      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust               | MHC Commercial Mortgage Trust 2021-MHC                                           | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1603252.97   | 0.17%             | 2038-04-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B9 Mortgage Trust                                                 | CUSIP: 08160JAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3220000 | PA      | $169735.06    | 0.02%             | 2052-03-15      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Mortgage Finance Trust Series 2007-A1                                      | CUSIP: 161630AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15555 | PA      | $15544.89     | 0.00%             | 2037-02-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| HTAP Trust                                  | HTAP Issuer Trust 2025-1                                                         | CUSIP: 40446AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1859078 | PA      | $1861481.83   | 0.20%             | 2042-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2022-LBA6                                                               | CUSIP: 12433EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2000098.00   | 0.22%             | 2039-01-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-6                                                  | CUSIP: 46649HBB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    804703 | PA      | $735432.32    | 0.08%             | 2048-12-25      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2025-3                                           | CUSIP: 46593RAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2240000 | PA      | $2289883.90   | 0.25%             | 2055-09-25      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| SUNRUN CALLISTO ISSUER LLC                  | Sunrun Xanadu Issuer 2019-1 LLC                                                  | CUSIP: 86773PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    765662 | PA      | $731785.94    | 0.08%             | 2054-06-30      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan T              | Morgan Stanley Mortgage Loan Trust 2005-10                                       | CUSIP: 61748HSH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106823 | PA      | $58303.29     | 0.01%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                  | MFA 2021-INV2 Trust                                                              | CUSIP: 552732AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2438294 | PA      | $1996683.60   | 0.22%             | 2056-11-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2              | JW Trust 2024-BERY                                                               | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1153690.93   | 0.13%             | 2039-11-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2021-C60                                   | CUSIP: 95003DBP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13929546 | PA      | $841316.72    | 0.09%             | 2054-08-15      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| KSL Resorts                                 | KSL Commercial Mortgage Trust 2025-MH                                            | CUSIP: 48268VAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501768.55    | 0.05%             | 2042-12-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2014-IVR2                                                             | CUSIP: 12648HBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107852 | PA      | $105353.31    | 0.01%             | 2044-04-25      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| Helios Issuer, LLC                          | SUNNOVA HELIOS II ISSUER LLC 2018-1                                              | CUSIP: 86745JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    759623 | PA      | $735230.53    | 0.08%             | 2048-07-20      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-5C37                                                   | CUSIP: 05494NAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2536564.50   | 0.28%             | 2058-09-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-6                                                  | CUSIP: 46653PBZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4432786 | PA      | $3638644.19   | 0.39%             | 2051-10-25      | Variable      | 2.83%                 | No            |                  2 | On Loan: No      |
| La Quinta Mortgage Trust                    | LAQ 2023-LAQ Mortgage Trust                                                      | CUSIP: 516681AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1149417 | PA      | $1123302.52   | 0.12%             | 2036-03-15      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2019-GC39                                           | CUSIP: 36260JAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1516508 | PA      | $1186889.07   | 0.13%             | 2052-05-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2023-HQA3                                          | CUSIP: 35564NAA1<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2618266.50   | 0.28%             | 2043-11-25      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC                         | Zaxbys Funding LLC                                                               | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4382937 | PA      | $4142199.90   | 0.45%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2020-A-GS                                          | CUSIP: 20267WAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328173 | PA      | $270966.58    | 0.03%             | 2050-08-25      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-DNA5                                          | CUSIP: 35564KHE2<br>LEI: 5493000ISU5NYXNHD479 | Long             | ABS-MBS          | CORP              | US        |    234378 | PA      | $235070.52    | 0.03%             | 2034-01-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2025-V16 Mortgage Trust                                                | CUSIP: 08164RAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2577095.70   | 0.28%             | 2058-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-HYB1                                               | CUSIP: 46651FAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1849854 | PA      | $1876790.96   | 0.20%             | 2049-10-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate               | Cantor Commercial Real Estate Lending 2019-CF2                                   | CUSIP: 12528YAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1510000 | PA      | $1166698.93   | 0.13%             | 2052-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2025-INV5 Trust                                                             | CUSIP: 36173VCV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2627000 | PA      | $2666181.97   | 0.29%             | 2055-12-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Shellpoint Co-Originator Trust              | Shellpoint Co-Originator Trust 2017-2                                            | CUSIP: 82281FCD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    714495 | PA      | $667937.50    | 0.07%             | 2047-10-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2025-5C5                                   | CUSIP: 95004MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2613076.50   | 0.28%             | 2058-07-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2020-1NV                                                 | CUSIP: 33851YBD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3044084 | PA      | $2825975.80   | 0.31%             | 2050-03-25      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH3                                                  | CUSIP: 81748GEJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1802369 | PA      | $1743063.19   | 0.19%             | 2049-09-25      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Tru              | IndyMac INDX Mortgage Loan Trust 2006-AR2                                        | CUSIP: 45661EAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1389170 | PA      | $1081219.14   | 0.12%             | 2046-02-25      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu              | JPMBB Commercial Mortgage Securities Trust 2013-C15                              | CUSIP: 46640NAM0<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |  22522263 | PA      | $180165.72    | 0.02%             | 2045-11-15      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| J.G. Wentworth XLII LLC                     | JG Wentworth XLII LLC                                                            | CUSIP: 46590UAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    576481 | PA      | $527713.14    | 0.06%             | 2077-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30                      | CUSIP: 61766NBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1947660.00   | 0.21%             | 2049-09-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | Sofi Professional Loan Program 2018-C Trust                                      | CUSIP: 78490DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1398000 | PA      | $1361488.99   | 0.15%             | 2048-01-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV2                                               | CUSIP: 46651ABB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    919691 | PA      | $897561.87    | 0.10%             | 2049-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST                            | Unlock HEA Trust 2025-2                                                          | CUSIP: 914917AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1978470 | PA      | $1974391.38   | 0.21%             | 2041-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2020-1                                                   | CUSIP: 61946NAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580731 | PA      | $508363.94    | 0.06%             | 2046-04-20      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B13 Mortgage Trust                                                | CUSIP: 08162DAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $844720.00    | 0.09%             | 2057-08-15      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                    | Bayview MSR Opportunity Master Fund Trust 2021-INV2                              | CUSIP: 07336NCJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1329706 | PA      | $1124682.98   | 0.12%             | 2051-12-25      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust              | HarborView Mortgage Loan Trust 2007-5                                            | CUSIP: 41165AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    507097 | PA      | $446961.85    | 0.05%             | 2037-09-19      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove Clo 11 Ltd                                                           | CUSIP: 09078AAA3<br>LEI: 2549009HQHT8KMO8YJ79 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1013834.00   | 0.11%             | 2038-01-22      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust              | SWCH Commercial Mortgage Trust 2025-DATA                                         | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1992100.40   | 0.22%             | 2042-02-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        72 | NC      | $-27960.40    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2017-C38                                   | CUSIP: 95001MAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $954253.00    | 0.10%             | 2050-07-15      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2025-C32                                                    | CUSIP: 07337AAT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1388641.28   | 0.15%             | 2062-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove CLO 12 Ltd                                                           | CUSIP: 09090MAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1702317.10   | 0.18%             | 2038-04-22      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2019-1                                                       | CUSIP: 749357AN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80641 | PA      | $73231.75     | 0.01%             | 2049-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                      | CHL Mortgage Pass-Through Trust 2006-1                                           | CUSIP: 126694XC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    401173 | PA      | $194439.19    | 0.02%             | 2036-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-DNA7                                          | CUSIP: 35564KND7<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |   2096556 | PA      | $2145040.95   | 0.23%             | 2041-11-25      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2017-A-GS                                          | CUSIP: 20267VAD9<br>LEI: 549300LRCNJYVPZRKK63 | Long             | ABS-O            | CORP              | US        |    219054 | PA      | $202809.58    | 0.02%             | 2041-05-25      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2019-EXP3 Trust                                                              | CUSIP: 67113AAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89216 | PA      | $83994.71     | 0.01%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-3                                                  | CUSIP: 46649TAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    842806 | PA      | $773552.05    | 0.08%             | 2048-09-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd              | Palmer Square Loan Funding 2025-1 Ltd                                            | CUSIP: 69703VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1590844.80   | 0.17%             | 2033-02-15      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2019-2                                                | CUSIP: 46650TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14990 | PA      | $14232.92     | 0.00%             | 2049-08-25      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                        | ACE Securities Corp Mortgage Loan Trust Series 2007-D1                           | CUSIP: 00083BAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    656092 | PA      | $506406.59    | 0.05%             | 2038-02-25      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2007-HY1 Trust                    | CUSIP: 92925VAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    288098 | PA      | $248392.53    | 0.03%             | 2037-02-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-5                                                    | CUSIP: 81743ACD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    399904 | PA      | $368974.85    | 0.04%             | 2049-12-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                             | AREIT 2025-CRE10 Ltd                                                             | CUSIP: 00193DAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2732945.46   | 0.30%             | 2030-01-17      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                            | Symphony CLO 43 Ltd                                                              | CUSIP: 87170BAL0<br>LEI: 254900QCSPTCYRSY3N68 | Long             | ABS-CBDO         | CORP              | KY        |   7500000 | PA      | $7527750.00   | 0.82%             | 2037-04-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2017-A                                          | CUSIP: 78448WAD7<br>LEI: 5493000RGRVHYZAIY180 | Long             | ABS-O            | CORP              | US        |    808639 | PA      | $803947.96    | 0.09%             | 2041-06-17      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-KING                                           | CUSIP: 05612RAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3158420 | PA      | $3178366.69   | 0.34%             | 2034-05-15      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-PJ4                                     | CUSIP: 36269RBX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1935044 | PA      | $1892126.34   | 0.21%             | 2054-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Figure Line of Credit Trust 20              | Figure Line of Credit Trust 2020-1                                               | CUSIP: 302452AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    394391 | PA      | $385652.04    | 0.04%             | 2049-09-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-1                                                    | CUSIP: 81743EAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1524548 | PA      | $1546309.29   | 0.17%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                    | Ajax Mortgage Loan Trust 2019-D                                                  | CUSIP: 00968FAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2096556 | PA      | $2005717.26   | 0.22%             | 2065-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program                  | ELFI Graduate Loan Program 2019-A LLC                                            | CUSIP: 26857EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    413902 | PA      | $356742.27    | 0.04%             | 2044-03-25      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-4                                           | CUSIP: 46657WAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    267564 | PA      | $272988.31    | 0.03%             | 2054-10-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2014-GC19                                    | CUSIP: 17322AAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  45735707 | PA      | $0.00         | 0.00%             | 2047-03-11      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC 0126                        | ENBRIDGE US INC 0126                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5994903.00   | 0.65%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2016-BNK2                                         | CUSIP: 61690YBY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2900000 | PA      | $2698595.29   | 0.29%             | 2049-11-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2015-C30                                   | CUSIP: 94989NAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12929960 | PA      | $218091.58    | 0.02%             | 2058-09-15      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-2                                                  | CUSIP: 00842EAU5<br>LEI: 549300TSTBCBQ5EBD390 | Long             | ABS-MBS          | CORP              | US        |    615368 | PA      | $587386.12    | 0.06%             | 2046-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2025-V17 Mortgage Trust                                                | CUSIP: 081934AW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3508535.45   | 0.38%             | 2058-09-15      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                              | Oaktown Re VII Ltd                                                               | CUSIP: 67389JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   2655637 | PA      | $2694744.18   | 0.29%             | 2034-04-25      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust               | NYC Commercial Mortgage Trust 2025-3BP                                           | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2748507.30   | 0.30%             | 2042-02-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                           | Magnetite Xlv Ltd                                                                | CUSIP: 55956DAA7<br>LEI: 529900IK6R4NURGLMB37 | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $854196.45    | 0.09%             | 2038-04-15      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-PJ2                                     | CUSIP: 36271PBW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1935149 | PA      | $1918334.63   | 0.21%             | 2054-07-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu              | JPMBB Commercial Mortgage Securities Trust 2014-C26                              | CUSIP: 46643TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  46979000 | PA      | $530500.96    | 0.06%             | 2048-01-15      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2023-3                                                    | CUSIP: 816943BC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    985625 | PA      | $984206.98    | 0.11%             | 2053-09-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan               | CitiMortgage Alternative Loan Trust Series 2007-A6                               | CUSIP: 18976GAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    105278 | PA      | $97048.28     | 0.01%             | 2037-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2005-AR13 Trust                   | CUSIP: 92922F4V7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    141686 | PA      | $137286.39    | 0.01%             | 2045-10-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                         | COMM 2024-CBM Mortgage Trust                                                     | CUSIP: 12674GAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2861697.85   | 0.31%             | 2041-12-10      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust              | Pagaya AI Debt Grantor Trust 2025-1                                              | CUSIP: 69544NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2399795 | PA      | $2420529.32   | 0.26%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2020-1NV                                                 | CUSIP: 33851YBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1517187 | PA      | $1398077.27   | 0.15%             | 2050-03-25      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| Castle Hill INGOTS Ltd                      | CSTL Commercial Mortgage Trust 2025-GATE2                                        | CUSIP: 12676JAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $3249342.85   | 0.35%             | 2042-11-10      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| FRETE 2021-ML11 TRUST                       | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 302610AD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13109557 | PA      | $615363.25    | 0.07%             | 2038-03-25      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R09                                     | CUSIP: 20753DAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $763476.35    | 0.08%             | 2042-09-25      | Floating      | 10.62%                | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2017-BNK7                                                                   | CUSIP: 06541XAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1847946.00   | 0.20%             | 2060-09-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH3                                                  | CUSIP: 81748GBA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    499594 | PA      | $471647.99    | 0.05%             | 2049-09-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2015-4                                                  | CUSIP: 00842ACE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    509569 | PA      | $416706.01    | 0.05%             | 2045-06-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru              | Provident Funding Mortgage Trust 2025-6                                          | CUSIP: 74388TBM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3745000 | PA      | $3651237.93   | 0.40%             | 2055-12-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRI 0126                       | AMERICAN ELECTRI 0126                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3994459.60   | 0.43%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SDAL Trust                                  | SDAL Trust 2025-DAL                                                              | CUSIP: 78437RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1008353.60   | 0.11%             | 2042-04-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| Arizona Biltmore Trust                      | ARZ Trust 2024-BILT                                                              | CUSIP: 00218TAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2068073.20   | 0.22%             | 2039-06-11      | Fixed         | 8.27%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2005-31                                                   | CUSIP: 12667GYX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201398 | PA      | $195822.12    | 0.02%             | 2035-08-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co.,              | Galton Funding Mortgage Trust 2018-2                                             | CUSIP: 36418GBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215905 | PA      | $209607.48    | 0.02%             | 2058-10-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-LTV2                                               | CUSIP: 46651ABC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    919691 | PA      | $895304.20    | 0.10%             | 2049-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R05                                     | CUSIP: 20754DAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3900000 | PA      | $4158265.41   | 0.45%             | 2042-04-25      | Floating      | 10.87%                | No            |                  2 | On Loan: No      |
| Bank5                                       | BANK5 2025-5YR17                                                                 | CUSIP: 06211GAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003255.90   | 0.11%             | 2058-11-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-5                                                    | CUSIP: 81743ACC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    399904 | PA      | $370702.01    | 0.04%             | 2049-12-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman Loan Advisers CLO 27 Ltd                                        | CUSIP: 64131WAS6<br>LEI: 549300IWMW28G8CR9G28 | Long             | ABS-CBDO         | CORP              | KY        |   1850000 | PA      | $1859797.60   | 0.20%             | 2038-07-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-7                                                  | CUSIP: 07386HVR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160228 | PA      | $123179.54    | 0.01%             | 2035-09-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ3                                | CUSIP: 36257QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36830 | PA      | $34748.10     | 0.00%             | 2050-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                       | Arroyo Mortgage Trust 2019-3                                                     | CUSIP: 04285AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    381422 | PA      | $368796.96    | 0.04%             | 2048-10-25      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC 0126                            | EQUIFAX INC 0126                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3696461.69   | 0.40%             | 2026-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd                                   | CBAMR 2019-9 Ltd                                                                 | CUSIP: 14987VAU3<br>LEI: 254900Q3N8LV0KJICN72 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5021955.00   | 0.54%             | 2037-07-15      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2023-PRM3                                    | CUSIP: 17331LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2057422.40   | 0.22%             | 2028-07-10      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2019-2                                                | CUSIP: 46650TAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    815150 | PA      | $777369.83    | 0.08%             | 2049-08-25      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| SUNRUN CALLISTO ISSUER LLC                  | Sunrun Atlas Issuer 2019-2 LLC                                                   | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2058538 | PA      | $1986505.15   | 0.22%             | 2055-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-R02                                     | CUSIP: 20754WAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1397704 | PA      | $1421969.68   | 0.15%             | 2040-01-25      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2007-AR7 Trust                            | CUSIP: 94986KAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    236577 | PA      | $214344.59    | 0.02%             | 2037-12-28      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Trust 2021-C10                                                             | CUSIP: 05551VBK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6066901 | PA      | $295823.62    | 0.03%             | 2054-07-15      | Variable      | 1.21%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                            | Symphony CLO XIX Ltd                                                             | CUSIP: 87165YAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    885000 | PA      | $887537.30    | 0.10%             | 2031-04-16      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-7 Trust   | CUSIP: 93934FBF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82143 | PA      | $73629.61     | 0.01%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                     | Flagstar Mortgage Trust 2018-6RR                                                 | CUSIP: 33851FBP1<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |    784553 | PA      | $775536.69    | 0.08%             | 2048-10-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| United Wholsale Mortgage LLC                | UWM Mortgage Trust 2021-INV5                                                     | CUSIP: 90355DBJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3127111 | PA      | $2644454.60   | 0.29%             | 2052-01-25      | Variable      | 3.23%                 | No            |                  2 | On Loan: No      |
| RFM RE-REMIC TRUST 2022-FRR1                | RFM Reremic Trust 2022-FRR1                                                      | CUSIP: 74971BAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3690000 | PA      | $3416495.72   | 0.37%             | 2049-11-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM Re-REMIC Trust 2021-FRR1                                                     | CUSIP: 364614AE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5187577 | PA      | $4770218.53   | 0.52%             | 2050-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP 0126                       | DUKE ENERGY CORP 0126                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3997934.00   | 0.43%             | 2026-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2006-AR4 Trust                            | CUSIP: 94983PAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33925 | PA      | $33616.07     | 0.00%             | 2036-04-25      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2017-CH1                                                  | CUSIP: 81746HBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    642096 | PA      | $626006.83    | 0.07%             | 2047-08-25      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                    | Ajax Mortgage Loan Trust 2019-F                                                  | CUSIP: 00969PAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1048278 | PA      | $1020035.19   | 0.11%             | 2059-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-INV1                                                              | CUSIP: 12555DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23570 | PA      | $22612.93     | 0.00%             | 2049-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                    | Jersey Mike's Funding LLC                                                        | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1588000 | PA      | $1622366.54   | 0.18%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Alternative Loan T              | Wells Fargo Alternative Loan 2007-PA3 Trust                                      | CUSIP: 94985GAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73953 | PA      | $64843.98     | 0.01%             | 2037-07-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2024-1                                             | CUSIP: 17332CCG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1959472 | PA      | $2009422.68   | 0.22%             | 2054-07-25      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2020-B Trust                                      | CUSIP: 83405FAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3529000 | PA      | $2960641.85   | 0.32%             | 2046-05-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2014-5                                                  | CUSIP: 46643KBY6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    786000 | PA      | $735422.71    | 0.08%             | 2029-10-25      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2021-B28 Mortgage Trust                                                | CUSIP: 08163GAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4806539 | PA      | $234056.83    | 0.03%             | 2054-08-15      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| PRIMA Capital LTD                           | Prima Capital CRE Securitization 2019-VII Ltd                                    | CUSIP: 74166VAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6988518 | PA      | $6683528.24   | 0.72%             | 2050-12-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2019-2                                                | CUSIP: 46650TAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    815150 | PA      | $779423.26    | 0.08%             | 2049-08-25      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                | GS Mortgage Securities Trust 2021-GSA3                                           | CUSIP: 36263UAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1257933 | PA      | $778784.18    | 0.08%             | 2054-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I 2017-HR2                                                | CUSIP: 61691NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10870640 | PA      | $283774.80    | 0.03%             | 2050-12-15      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                       | DB Master Finance LLC                                                            | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   3408000 | PA      | $3043065.91   | 0.33%             | 2051-11-20      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2023-XL3                                            | CUSIP: 12434GAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    966612 | PA      | $971536.61    | 0.11%             | 2040-12-09      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2006-20CB                                                 | CUSIP: 02147MAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    566853 | PA      | $217274.06    | 0.02%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-2                                                    | CUSIP: 816935AU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    740247 | PA      | $750813.04    | 0.08%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| NXPT Commercial Mortgage Trust              | NXPT Commercial Mortgage Trust 2024-STOR                                         | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3543311.80   | 0.38%             | 2041-11-05      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2016-1                                                  | CUSIP: 46646BBB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $759718.60    | 0.08%             | 2046-05-25      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R04                                     | CUSIP: 20753GAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1506668.55   | 0.16%             | 2044-05-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Atrium Hotel Portfolio Trust                | Atrium Hotel Portfolio Trust 2017-ATRM                                           | CUSIP: 04965JAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $486625.00    | 0.05%             | 2036-12-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2006-AR16 Trust                   | CUSIP: 92925GAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220695 | PA      | $195709.70    | 0.02%             | 2036-12-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-8                                                  | CUSIP: 46650MBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1134822 | PA      | $1058555.93   | 0.11%             | 2049-01-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2016-B                                             | CUSIP: 20267UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    307032 | PA      | $291398.10    | 0.03%             | 2040-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                      | Chase Auto Owner Trust 2024-3                                                    | CUSIP: 16144LAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3334 | PA      | $864210.40    | 0.09%             | 2031-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2007-18CB                                                 | CUSIP: 02151NBV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    358699 | PA      | $102084.93    | 0.01%             | 2037-08-25      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage sec              | Arbor Multifamily Mortgage Securities Trust 2021-MF3                             | CUSIP: 03882KBC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3947814 | PA      | $3087790.62   | 0.33%             | 2054-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                        | SCG Commercial Mortgage Trust 2025-FLWR                                          | CUSIP: 78438AAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4011928.00   | 0.44%             | 2042-08-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                           | Elevation CLO 2021-14 Ltd                                                        | CUSIP: 28623RBN7<br>LEI: 549300JPI8D017HI2768 | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1646249.55   | 0.18%             | 2038-01-20      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| KSL Resorts                                 | KSL Commercial Mortgage Trust 2024-HT2                                           | CUSIP: 500937AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2427268 | PA      | $2425796.12   | 0.26%             | 2039-12-15      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                | CD 2017-CD3 Mortgage Trust                                                       | CUSIP: 12515GAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $976646.00    | 0.11%             | 2050-02-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Guaranteed Funding (DK) Limite              | DK Trust 2024-SPBX                                                               | CUSIP: 23346LAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3509969.40   | 0.38%             | 2034-03-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-R05                                     | CUSIP: 20754HAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    568404 | PA      | $576755.26    | 0.06%             | 2039-07-25      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -155 | NC      | $276218.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunnova Sol Issuer,LLC                      | Sunnova Sol II Issuer LLC                                                        | CUSIP: 86745PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2385789 | PA      | $2057589.09   | 0.22%             | 2055-11-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2021-7                                                    | CUSIP: 81748TCF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1577820 | PA      | $1331817.03   | 0.14%             | 2051-11-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus              | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2650000 | PA      | $2669896.20   | 0.29%             | 2039-12-15      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                                      | CUSIP: 36258FAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    488340 | PA      | $441890.89    | 0.05%             | 2050-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-HQA4                                          | CUSIP: 35564KPN3<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   3494259 | PA      | $3571215.16   | 0.39%             | 2041-12-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-INV3                                                              | CUSIP: 12557LAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    186606 | PA      | $170269.21    | 0.02%             | 2049-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2007-10                                            | CUSIP: 17313QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149295 | PA      | $140483.34    | 0.02%             | 2037-09-25      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2016-NXS6                                  | CUSIP: 95000KAE5<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   3488032 | PA      | $67178.45     | 0.01%             | 2049-11-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Gam Resecuritization Trust                  | GAM RE-REMIC Trust 2022-FRR3                                                     | CUSIP: 36459DCQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1684668.10   | 0.18%             | 2052-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-9                                                  | CUSIP: 46649YBH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    801143 | PA      | $758074.79    | 0.08%             | 2049-02-25      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| AB Bsl CLO 1 Ltd                            | AB BSL CLO 3 Ltd                                                                 | CUSIP: 00037QAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1541144.85   | 0.17%             | 2038-04-20      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Renaissance Home Equity Loan T              | Renaissance Home Equity Loan Trust 2005-3                                        | CUSIP: 75970NBE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98220 | PA      | $98282.46     | 0.01%             | 2035-11-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas              | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2005-8 Trust   | CUSIP: 93934FCF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300389 | PA      | $260997.55    | 0.03%             | 2035-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WCORE Commercial Mortgage Trus              | WCORE Commercial Mortgage Trust 2024-CORE                                        | CUSIP: 951913AG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1560000 | PA      | $1572309.80   | 0.17%             | 2041-11-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2022-BNK43                                                                  | CUSIP: 06541QBK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3840099.20   | 0.42%             | 2055-08-15      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2017-B-GS                                          | CUSIP: 20268KAD2<br>LEI: 549300KDXV3I7WKXA522 | Long             | ABS-O            | CORP              | US        |     85953 | PA      | $73840.62     | 0.01%             | 2042-09-25      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2005-9                                             | CUSIP: 17307GL89<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165909 | PA      | $169096.93    | 0.02%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ2                                | CUSIP: 36257LAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    828714 | PA      | $778550.38    | 0.08%             | 2049-11-25      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                            | Bellemeade Re 2025-1 Ltd                                                         | CUSIP: 07876NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1006591.00   | 0.11%             | 2035-10-25      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-LTV1                                               | CUSIP: 46591NBH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17017 | PA      | $16878.48     | 0.00%             | 2050-06-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | BBCMS Mortgage Trust 2024-5C29                                                   | CUSIP: 05555PAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1776921.80   | 0.19%             | 2057-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                               | Radnor Re 2024-1 Ltd                                                             | CUSIP: 75049AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $627077.46    | 0.07%             | 2034-09-25      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-9                                                    | CUSIP: 81745DAH4<br>LEI: 54930005PH54PMVV8351 | Long             | ABS-MBS          | CORP              | US        |    189404 | PA      | $183668.39    | 0.02%             | 2043-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                 | Extended Stay America Trust 2025-ESH                                             | CUSIP: 30227TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1620020.16   | 0.18%             | 2042-10-15      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-VOLT                                                               | CUSIP: 05619PAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2757773.15   | 0.30%             | 2044-12-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust              | BOCA Commercial Mortgage Trust 2025-BOCA                                         | CUSIP: 05619RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002967.80   | 0.11%             | 2042-12-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-7                                                  | CUSIP: 46651GBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1751248 | PA      | $1566743.55   | 0.17%             | 2050-02-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2024-PJ4                                     | CUSIP: 36269RBU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1473536 | PA      | $1469013.33   | 0.16%             | 2054-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-KING                                           | CUSIP: 05612RAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    987006 | PA      | $991256.50    | 0.11%             | 2034-05-15      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| Starwood Residential Mortgage               | STAR 2021-1 Trust                                                                | CUSIP: 85573GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    433297 | PA      | $407257.04    | 0.04%             | 2065-05-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-DELC                                                               | CUSIP: 05594MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2005826.40   | 0.22%             | 2042-12-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2016-K57 Mortgage Trust                                                    | CUSIP: 30295DAS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  43550297 | PA      | $12810.32     | 0.00%             | 2049-08-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-LGCY                                                               | CUSIP: 12434DAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $997125.40    | 0.11%             | 2036-10-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2021-14                                               | CUSIP: 46653QCH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    946743 | PA      | $783046.25    | 0.08%             | 2052-05-25      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                            | Bellemeade Re 2025-1 Ltd                                                         | CUSIP: 07876NAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1007300.20   | 0.11%             | 2035-10-25      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Bojangles Issuer, LLC                       | Bojangles Issuer LLC                                                             | CUSIP: 09748RAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1396500 | PA      | $1413682.54   | 0.15%             | 2054-11-20      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Asset Backed Secu              | Bear Stearns Asset Backed Securities Trust 2006-SD4                              | CUSIP: 07389NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86139 | PA      | $86209.87     | 0.01%             | 2036-10-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Vivint Solar Financing LLC                  | Vivint Solar Financing VII LLC                                                   | CUSIP: 92855HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1321699 | PA      | $1239166.93   | 0.13%             | 2051-07-31      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| LFT CRE 2021-FL1, LLC                       | LMNT CRE 2025-FL3 LLC                                                            | CUSIP: 50208TAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1650000 | PA      | $1653533.56   | 0.18%             | 2043-07-21      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LL              | Domino's Pizza Master Issuer LLC                                                 | CUSIP: 25755TAL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    905280 | PA      | $873141.93    | 0.09%             | 2049-10-25      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2020-BNK30                                                                  | CUSIP: 06541UCB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11825067 | PA      | $559156.55    | 0.06%             | 2053-12-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                      | GSAA Home Equity Trust 2006-14                                                   | CUSIP: 36298YAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2181724 | PA      | $641381.64    | 0.07%             | 2036-09-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2021-1                                                   | CUSIP: 61947DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    648392 | PA      | $524377.27    | 0.06%             | 2046-12-20      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2018-2-GS                                                | CUSIP: 61946LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    617194 | PA      | $580847.44    | 0.06%             | 2044-02-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2022-L8                                           | CUSIP: 61774LBT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2664722.40   | 0.29%             | 2055-04-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2020-B20 Mortgage Trust                                                | CUSIP: 08162XBJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6461711 | PA      | $322612.53    | 0.03%             | 2053-10-15      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2004-AR4 Trust                    | CUSIP: 92922FPT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205060 | PA      | $200223.89    | 0.02%             | 2034-06-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2020-BNK26                                                                  | CUSIP: 06540JBV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2113264.00   | 0.23%             | 2063-03-15      | Variable      | 3.41%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                       | Palmer Square CLO 2018-2 Ltd                                                     | CUSIP: 69688MAS4<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3765742.50   | 0.41%             | 2037-04-16      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage               | Citigroup Commercial Mortgage Trust 2017-P8                                      | CUSIP: 17326DAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2360484.00   | 0.26%             | 2050-09-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-SDMF                                                               | CUSIP: 12434CAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2231783 | PA      | $2224633.96   | 0.24%             | 2034-09-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2024-1                                                | CUSIP: 46657PBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3062236 | PA      | $3020116.95   | 0.33%             | 2054-06-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-AIR2                                           | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1918360 | PA      | $1927428.19   | 0.21%             | 2041-10-15      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                            | CIFC Funding 2024-III Ltd                                                        | CUSIP: 12575WAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505734.50   | 0.16%             | 2037-07-21      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove CLO 12 Ltd                                                           | CUSIP: 09090NAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1252040.00   | 0.14%             | 2038-04-22      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Wachovia Mortgage Loan Trust,               | Wachovia Mortgage Loan Trust LLC Series 2005-B Trust                             | CUSIP: 92977YBP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     43003 | PA      | $42118.57     | 0.00%             | 2035-10-20      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu              | JPMBB Commercial Mortgage Securities Trust 2015-C29                              | CUSIP: 46644RBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    411698 | PA      | $409720.62    | 0.04%             | 2048-05-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2004-32CB                                                 | CUSIP: 12667FP41<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189126 | PA      | $178513.71    | 0.02%             | 2035-02-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2014-A                                          | CUSIP: 784456AF2<br>LEI: 549300XC4C7GRVLU6076 | Long             | ABS-O            | CORP              | US        |   1833000 | PA      | $1595590.76   | 0.17%             | 2045-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust              | Carvana Auto Receivables Trust 2023-P1                                           | CUSIP: 14688EAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1650 | PA      | $96544.79     | 0.01%             | 2030-03-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2020-H                                 | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121200 | PA      | $114782.46    | 0.01%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2021-B25 Mortgage Trust                                                | CUSIP: 08163DAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23704579 | PA      | $998222.34    | 0.11%             | 2054-04-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2016-A                                             | CUSIP: 20267TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129376 | PA      | $121099.09    | 0.01%             | 2040-05-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | Sofi Professional Loan Program 2018-D Trust                                      | CUSIP: 83401AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1468000 | PA      | $1427272.98   | 0.15%             | 2048-02-25      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    885455 | PA      | $889246.77    | 0.10%             | 2039-02-15      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                                      | CUSIP: 36258FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    122079 | PA      | $110468.94    | 0.01%             | 2050-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                    | Bear Stearns ALT-A Trust 2005-10                                                 | CUSIP: 07386HZC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     48060 | PA      | $46467.65     | 0.01%             | 2036-01-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| RFM RE-REMIC TRUST 2022-FRR1                | RFM Reremic Trust 2022-FRR1                                                      | CUSIP: 74971BBP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5550000 | PA      | $5384283.94   | 0.58%             | 2049-11-08      | Variable      | 2.33%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Mortgage Trust 2015-2                                                  | CUSIP: 599808BL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1257933 | PA      | $1176906.77   | 0.13%             | 2057-09-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                      | MONDELEZ INTERNATIONAL INC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4497619.50   | 0.49%             | 2026-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust               | UBS Commercial Mortgage Trust 2019-C18                                           | CUSIP: 90278PBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1659000 | PA      | $1481770.85   | 0.16%             | 2052-12-15      | Variable      | 3.68%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust               | UBS Commercial Mortgage Trust 2019-C16                                           | CUSIP: 90276YAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14285919 | PA      | $504337.94    | 0.05%             | 2052-04-15      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B11 Mortgage Trust                                                | CUSIP: 08162BBJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1765000 | PA      | $1631267.36   | 0.18%             | 2052-05-15      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2007-A3                                                 | CUSIP: 46630UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71612 | PA      | $59853.39     | 0.01%             | 2037-05-25      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                 | OCP CLO 2020-20 Ltd                                                              | CUSIP: 670859AS6<br>LEI: 25490028U8Y2XMZWXO46 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3511760.00   | 0.38%             | 2037-04-18      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2017-3                                                  | CUSIP: 46647SCQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    654623 | PA      | $616793.82    | 0.07%             | 2047-08-25      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2020-1 Trust                              | CUSIP: 95002KBK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1274961 | PA      | $1131951.98   | 0.12%             | 2049-12-25      | Variable      | 3.36%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit              | Bain Capital Credit CLO 2022-4 Ltd                                               | CUSIP: 05685BAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1003289.00   | 0.11%             | 2037-10-16      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                          | THL Credit Wind River 2017-3 Clo Ltd                                             | CUSIP: 97316LAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5006090.00   | 0.54%             | 2035-04-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                             | CLI Funding VIII LLC                                                             | CUSIP: 12565KAA5<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |   1179598 | PA      | $1099526.86   | 0.12%             | 2046-02-18      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2005-65CB                                                 | CUSIP: 12668AX59<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    174172 | PA      | $112470.43    | 0.01%             | 2036-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Merit                                       | MHP Commercial Mortgage Trust 2025-MHIL2                                         | CUSIP: 59317DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3010119.30   | 0.33%             | 2040-09-15      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R04                                     | CUSIP: 20753GAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2021676.80   | 0.22%             | 2044-05-25      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| LQR Trust                                   | LQR Trust 2025-CALI                                                              | CUSIP: 50216WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001771.10   | 0.11%             | 2043-01-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2016-K57 Mortgage Trust                                                    | CUSIP: 30295DAU6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  12250292 | PA      | $6826.48      | 0.00%             | 2049-08-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                          | Subway Funding LLC                                                               | CUSIP: 864300AJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7474500 | PA      | $7429093.16   | 0.81%             | 2054-07-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2019-1                                                       | CUSIP: 749357BH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    813408 | PA      | $754138.50    | 0.08%             | 2049-09-25      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| J.G. Wentworth XLI LLC                      | J.G. Wentworth XLI LLC                                                           | CUSIP: 46651TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    511562 | PA      | $454266.32    | 0.05%             | 2074-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                     | GSR Mortgage Loan Trust 2006-AR1                                                 | CUSIP: 3623414A4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130380 | PA      | $123086.24    | 0.01%             | 2036-01-25      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-2                                                    | CUSIP: 81748KEE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    857368 | PA      | $773486.86    | 0.08%             | 2050-03-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| BXSC Commercial Mortgage Trust              | BXSC Commercial Mortgage Trust 2022-WSS                                          | CUSIP: 05610BAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1985689 | PA      | $1995000.37   | 0.22%             | 2035-03-15      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2021-R01                                     | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2032885.20   | 0.22%             | 2041-10-25      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer              | WaMu Mortgage Pass-Through Certificates Series 2006-AR16 Trust                   | CUSIP: 92925GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    512787 | PA      | $471004.65    | 0.05%             | 2036-12-25      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S              | Barclays Commercial Mortgage Trust 2019-C4                                       | CUSIP: 07335CAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  29657259 | PA      | $1235660.80   | 0.13%             | 2052-08-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2020-4 Trust                              | CUSIP: 95002VBJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    925951 | PA      | $837808.55    | 0.09%             | 2050-07-25      | Variable      | 3.14%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2019-PJ1                                | CUSIP: 36257TAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    802846 | PA      | $727837.33    | 0.08%             | 2049-08-25      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-4                                                  | CUSIP: 46649CBF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1229631 | PA      | $1138509.95   | 0.12%             | 2048-10-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-J1                                                                | CUSIP: 12556MCR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    741704 | PA      | $691537.13    | 0.07%             | 2049-08-25      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co.,              | Galton Funding Mortgage Trust 2019-1                                             | CUSIP: 36418WBX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    857400 | PA      | $835673.24    | 0.09%             | 2059-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Sabal Issuer 2025-1 LLC                     | Palmetto Issuer 2025-2 LLC                                                       | CUSIP: 78517MAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6450000 | PA      | $6434520.00   | 0.70%             | 2061-04-30      | Fixed         | 5.98%                 | No            |                  3 | On Loan: No      |
| GCAT                                        | GCAT 2022-INV3 Trust                                                             | CUSIP: 36830RCC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100147 | PA      | $1042298.90   | 0.11%             | 2052-08-25      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                   | Acrec 2025 Fl 3 LLC                                                              | CUSIP: 00112HAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $3989778.80   | 0.43%             | 2042-08-18      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2023-2                                                | CUSIP: 46656DDF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1749194 | PA      | $1673874.56   | 0.18%             | 2053-07-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2019-CH3                                                  | CUSIP: 81748GEQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1061362 | PA      | $1024702.11   | 0.11%             | 2049-09-25      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortage-Backed Securities Trust 2020-PJ1                                      | CUSIP: 36258FAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207534 | PA      | $186696.38    | 0.02%             | 2050-05-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd              | LoanCore 2025 2025-CRE8 Issuer LLC                                               | CUSIP: 53947FAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $992187.45    | 0.11%             | 2042-08-17      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-8                                                  | CUSIP: 46591KBU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1734023 | PA      | $1560747.84   | 0.17%             | 2050-03-25      | Variable      | 3.39%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2019-INV2                                               | CUSIP: 46651DAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    289387 | PA      | $262919.71    | 0.03%             | 2050-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                      | CHL Mortgage Pass-Through Trust 2007-7                                           | CUSIP: 12544TAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330370 | PA      | $147940.82    | 0.02%             | 2037-06-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                        | Birch Grove Clo 9 Ltd                                                            | CUSIP: 09077WAG3<br>LEI: 254900VS6E4BD1HWHW18 | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $903071.70    | 0.10%             | 2037-10-22      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 5YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        15 | NC      | $-2487.75     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2024-2                            | CUSIP: 61776FBN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3686092 | PA      | $3876200.01   | 0.42%             | 2054-03-25      | Variable      | 7.09%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2018-4                                                  | CUSIP: 46649CBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    841501 | PA      | $779149.60    | 0.08%             | 2048-10-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I Trust 2019-H7                                           | CUSIP: 61771MAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1710000 | PA      | $1630211.40   | 0.18%             | 2052-07-15      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| Octagon 75 Ltd                              | Octagon 75 Ltd                                                                   | CUSIP: 67579EAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003604.00   | 0.22%             | 2038-01-22      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2024-R02                                     | CUSIP: 20754GAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $894417.77    | 0.10%             | 2044-02-25      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2025-5C7                                   | CUSIP: 95004XAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3750000 | PA      | $3750751.50   | 0.41%             | 2058-12-15      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust Series 2024-6                                  | CUSIP: 161931AZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4421573 | PA      | $4644964.48   | 0.50%             | 2055-05-25      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2019-1                                                       | CUSIP: 749357BE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    795832 | PA      | $740538.30    | 0.08%             | 2049-09-25      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA4                                          | CUSIP: 35564KXA2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | CORP              | US        |   2096556 | PA      | $2214950.61   | 0.24%             | 2042-05-25      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-D                                 | CUSIP: 63942CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1808442 | PA      | $1700248.99   | 0.18%             | 2060-04-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                        | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3517032.40   | 0.38%             | 2042-10-15      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain CLO XXXIII Ltd                                                      | CUSIP: 09630MAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3257813.00   | 0.35%             | 2038-10-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust              | PENN Commercial Mortgage Trust 2025-P11                                          | CUSIP: 69382VAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2579311.00   | 0.28%             | 2042-08-10      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                         | Sound Point CLO XXIX Ltd                                                         | CUSIP: 83614VAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4100000 | PA      | $4104259.90   | 0.45%             | 2034-04-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Goddard Funding LLC                         | Goddard Funding LLC                                                              | CUSIP: 380241AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1532700 | PA      | $1550154.08   | 0.17%             | 2052-10-30      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund                 | BlackRock Liquidity FedFund                                                      | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  11250000 | NS      | $11250000.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HLTN Commercial Mortgage Trust              | HLTN Commercial Mortgage Trust 2024-DPLO                                         | CUSIP: 40424UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2017691.80   | 0.22%             | 2041-06-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| BMD2 Re-REMIC Trust                         | BMD2 Re-Remic Trust 2019-FRR1                                                    | CUSIP: 055631EU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4598445 | PA      | $4031795.18   | 0.44%             | 2052-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DBWF Mortgage Trust                         | DBWF Mortgage Trust                                                              | CUSIP: 23306NAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $940096.00    | 0.10%             | 2034-06-10      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC 2019-AFC1 Trust                                                             | CUSIP: 12596XAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    338350 | PA      | $328469.27    | 0.04%             | 2049-07-25      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Wachovia Mortgage Loan Trust,               | Wachovia Mortgage Loan Trust LLC Series 2005-B Trust                             | CUSIP: 92977YBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55789 | PA      | $54641.14     | 0.01%             | 2035-10-20      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust 2024-8                                         | CUSIP: 16159XBG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    983343 | PA      | $1029153.88   | 0.11%             | 2055-08-25      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2024-6                                                    | CUSIP: 81743DCG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1419396 | PA      | $1362453.68   | 0.15%             | 2054-07-27      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities               | Brean Asset Backed Securities Trust 2024-RM9                                     | CUSIP: 10638DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    905640 | PA      | $903728.27    | 0.10%             | 2064-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                            | Great Wolf Trust 2024-WOLF                                                       | CUSIP: 39152MAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2013757.40   | 0.22%             | 2039-03-15      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                      | Mosaic Solar Loan Trust 2018-2-GS                                                | CUSIP: 61946LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    337425 | PA      | $308100.04    | 0.03%             | 2044-02-22      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch               | BAMLL Trust 2025-ASHF                                                            | CUSIP: 05494CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1754603.38   | 0.19%             | 2042-02-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2016-LC25                                  | CUSIP: 95000JAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3375000 | PA      | $3172467.94   | 0.34%             | 2059-12-15      | Variable      | 3.01%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust Series 2024-4                                  | CUSIP: 16159NBE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1944040 | PA      | $1926835.13   | 0.21%             | 2055-03-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2014-IVR3                                                             | CUSIP: 12648TAS8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189826 | PA      | $185809.38    | 0.02%             | 2044-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2021-1 Trust                              | CUSIP: 95003ABJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1124973 | PA      | $862092.33    | 0.09%             | 2050-12-25      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| arbor multifamily mortgage sec              | Arbor Multifamily Mortgage Securities Trust 2021-MF3                             | CUSIP: 03882KBA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1803038 | PA      | $1465693.20   | 0.16%             | 2054-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-R5                                                                | CUSIP: 12558RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $941362.50    | 0.10%             | 2059-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2020-1                  | RCKT Mortgage Trust 2020-1                                                       | CUSIP: 749389BH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1207153 | PA      | $1098680.33   | 0.12%             | 2050-02-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST                            | Unlock HEA Trust 2024-2                                                          | CUSIP: 91528AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1797766 | PA      | $1801328.12   | 0.20%             | 2039-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                             | Lehman XS Trust Series 2005-5N                                                   | CUSIP: 86359DUS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4752 | PA      | $4740.08      | 0.00%             | 2035-11-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                   | Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1                      | CUSIP: 61778GAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2077096.00   | 0.23%             | 2058-03-15      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2024-12                                                 | CUSIP: 46658TAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1443023 | PA      | $1465067.37   | 0.16%             | 2055-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2022-DNA1                                          | CUSIP: 35564KQY8<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-MBS          | CORP              | US        |   6988518 | PA      | $7153717.48   | 0.78%             | 2042-01-25      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust              | Morgan Stanley Capital I 2017-HR2                                                | CUSIP: 61691NAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14027746 | PA      | $183105.57    | 0.02%             | 2050-12-15      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA BOND CBT                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         6 | NC      | $-11073.66    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Countrywide Alternative Loan T              | Alternative Loan Trust 2004-J7                                                   | CUSIP: 12667FTE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    262844 | PA      | $262265.61    | 0.03%             | 2034-10-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| LCSS Financing LLC                          | LCSS Financing 2018-A LLC                                                        | CUSIP: 50200XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    704428 | PA      | $624274.52    | 0.07%             | 2062-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2025-B33RP                                 | CUSIP: 95004RAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001004.80   | 0.11%             | 2042-08-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| United Wholsale Mortgage LLC                | UWM Mortgage Trust 2021-INV4                                                     | CUSIP: 918307BH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    956309 | PA      | $792938.28    | 0.09%             | 2051-12-25      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-10                                                 | CUSIP: 46654ABZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1007066 | PA      | $829736.98    | 0.09%             | 2051-12-25      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Navesink CLO, Limited                       | Navesink CLO 2 Ltd                                                               | CUSIP: 63942YAW4<br>LEI: 254900HNRWNLGN0X1N35 | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2201650.00   | 0.24%             | 2036-01-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus              | CSAIL 2020-C19 Commercial Mortgage Trust                                         | CUSIP: 12597NAY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $671242.40    | 0.07%             | 2053-03-15      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-1                                                  | CUSIP: 00842TAU2<br>LEI: 549300SCHQRABPDKYY47 | Long             | ABS-MBS          | CORP              | US        |    343920 | PA      | $295554.75    | 0.03%             | 2045-12-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2015-3                                                  | CUSIP: 00841YCF3<br>LEI: 549300GXWD0QSMEEID35 | Long             | ABS-MBS          | CORP              | US        |    281179 | PA      | $231643.30    | 0.03%             | 2045-04-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Loan Trust               | Agate Bay Mortgage Trust 2016-1                                                  | CUSIP: 00842TAV0<br>LEI: 549300SCHQRABPDKYY47 | Long             | ABS-MBS          | CORP              | US        |    646000 | PA      | $502267.45    | 0.05%             | 2045-12-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        35 | NC      | $6490.05      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chase Auto Owner Trust                      | Chase Auto Owner Trust 2024-4                                                    | CUSIP: 16144YAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2000 | PA      | $516136.10    | 0.06%             | 2031-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DLIC Re-REMIC Trust                         | DLIC Re-REMIC Trust 2025-FRR1                                                    | CUSIP: 255928CY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6000000 | PA      | $4691797.80   | 0.51%             | 2053-09-27      | Variable      | 1.41%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2019-2                                                | CUSIP: 46650TAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21803 | PA      | $20702.52     | 0.00%             | 2049-08-25      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-2                                                    | CUSIP: 81748KEG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1496995 | PA      | $1346140.07   | 0.15%             | 2050-03-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2024-2                                                    | CUSIP: 81749HAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    526670 | PA      | $534187.53    | 0.06%             | 2054-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2021-GR3                                     | CUSIP: 36263TBJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900919 | PA      | $764833.07    | 0.08%             | 2052-04-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Bank                                        | BANK 2017-BNK4                                                                   | CUSIP: 06541FBE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1420586.10   | 0.15%             | 2050-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust               | Citigroup Mortgage Loan Trust 2021-J3                                            | CUSIP: 17330BDN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    950364 | PA      | $789840.02    | 0.09%             | 2051-09-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                              | PMT Loan Trust 2025-INV12                                                        | CUSIP: 73015KBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2511542.50   | 0.27%             | 2056-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Merit                                       | MHP 2021-STOR                                                                    | CUSIP: 55293BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1996032.00   | 0.22%             | 2038-07-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 2YR NOTE (CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -2 | NC      | $-81.97       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank                                        | BANK 2017-BNK4                                                                   | CUSIP: 06541FAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7060000 | PA      | $112581.58    | 0.01%             | 2050-05-15      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R01                                     | CUSIP: 20754LAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2445981 | PA      | $2493125.33   | 0.27%             | 2041-12-25      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-4                                           | CUSIP: 46657WBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1954979 | PA      | $2084337.00   | 0.23%             | 2054-10-25      | Variable      | 7.09%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2015-2                                                 | CUSIP: 89171YBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    768737 | PA      | $766721.14    | 0.08%             | 2057-11-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| TIF Funding II LLC                          | TIF Funding II LLC                                                               | CUSIP: 872480AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    967548 | PA      | $888222.00    | 0.10%             | 2046-02-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                 | Extended Stay America Trust 2025-ESH                                             | CUSIP: 30227TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2018849.20   | 0.22%             | 2042-10-15      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-VLT6                                                               | CUSIP: 12433KAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2746868.85   | 0.30%             | 2042-03-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2024-INV4 Trust                                                             | CUSIP: 367919CJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1733997 | PA      | $1716578.93   | 0.19%             | 2054-12-25      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B10 Mortgage Trust                                                | CUSIP: 08162VAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11548183 | PA      | $386973.26    | 0.04%             | 2062-03-15      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2022-GR2                                     | CUSIP: 36270WBY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2747599 | PA      | $2575796.43   | 0.28%             | 2055-02-25      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

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

**Signature:** Dorothy Roman

**Name of Signer:** Dorothy Roman

**Title:** Vice President, Fund Administration