# EDGAR Filing Document

**Accession Number:** 0001886172
**File Stem:** 0002071691-25-006239
**Filing Date:** 2025-11
**Character Count:** 113351
**Document Hash:** 44c98700b82f2380fa403bb1accd8bad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-006239.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0002071691-25-006239

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DoubleLine ETF Trust
- **CENTRAL INDEX KEY:** 0001886172

**ORGANIZATION NAME:**
- **EIN:** 876641637
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23746
- **FILM NUMBER:** 251511185

**BUSINESS ADDRESS:**
- **STREET 1:** 2002 NORTH TAMPA STREET
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
- **BUSINESS PHONE:** (213) 633-8200

**MAIL ADDRESS:**
- **STREET 1:** 2002 NORTH TAMPA STREET
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602

## Series and Classes Contracts Data

### DoubleLine Commercial Real Estate ETF (Series ID: S000080054)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000241667 | DoubleLine Commercial Real Estate ETF | DCRE            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DoubleLine ETF Trust

- **b. Investment Company Act file number:** 811-23746

- **c. CIK number of Registrant:** 0001886172

- **d. LEI of Registrant:** 549300TPCA72X7FKG626

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

  - **Street Address 1:** 2002 North Tampa Street Suite 200

  - **City:** Tampa

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33602

  - **Telephone number:** 813-791-7333

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

- **a. Name of Series:** DoubleLine Commercial Real Estate ETF

- **b. EDGAR series identifier (if any):** S000080054

- **c. LEI of Series:** 549300GVECK72DWOE818

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $323095625.65

**Total Liabilities:** $5187867.11

**Net Assets:** $317907758.54

**Delayed Delivery Securities:** $2000005.76

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1029.00000000 | **1-Year:** 31257.00000000 | **5-Year:** 34869.00000000 | **10-Year:** 5.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241667 | 0.23%                | 0.90%                | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-638752.77                                |
| Month 2  | $2208.67                 | $1622832.69                                |
| Month 3  | $83654.82                | $-153959.96                                |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** Fund's Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WHARF Commercial Mortgage Trust                        | WHARF Commercial Mortgage Trust, Series 2025-DC, Class A                                      | CUSIP: 92987LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2053486.00   | 0.65%             | 2040-07-15      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| BX Mortgage Trust                                      | BX Mortgage Trust, Series 2021-PAC, Class A                                                   | CUSIP: 05609PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1496653.95   | 0.47%             | 2036-10-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd.                                       | HGI CRE CLO Ltd., Series 2021-FL1, Class C                                                    | CUSIP: 40441LAG1<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | KY        |   1480862 | PA      | $1485262.88   | 0.47%             | 2036-06-16      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2019-B15, Class A2                                           | CUSIP: 08160KAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668274 | PA      | $635923.48    | 0.20%             | 2072-12-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL3, Class A                                                           | CUSIP: 36264BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    270345 | PA      | $270905.35    | 0.09%             | 2035-07-16      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| MSBAM Commercial Mortgage Securities Trust             | MSBAM Commercial Mortgage Securities Trust, Series 2012-CKSV, Class A2                        | CUSIP: 553514AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2862601 | PA      | $2737182.96   | 0.86%             | 2030-10-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class A3                              | CUSIP: 95003VAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1573321.80   | 0.49%             | 2057-07-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust             | JPMCC Commercial Mortgage Securities Trust, Series 2019-COR5, Class A3                        | CUSIP: 46591EAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1923793.80   | 0.61%             | 2052-06-13      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DBJPM Mortgage Trust                                   | DBJPM Mortgage Trust, Series 2020-C9, Class A3                                                | CUSIP: 233063AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2823631.20   | 0.89%             | 2053-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-XL2, Class A                                        | CUSIP: 05609KAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1151621 | PA      | $1151385.85   | 0.36%             | 2038-10-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140NYWP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2048630.70   | 0.64%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140NYGM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2490016 | PA      | $2525301.72   | 0.79%             | 2030-05-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust, Series 2018-C13, Class A3                                      | CUSIP: 90353KAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391905 | PA      | $389033.59    | 0.12%             | 2051-10-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-5C4, Class XA                              | CUSIP: 949931AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20659002 | PA      | $942610.36    | 0.30%             | 2058-05-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust             | JPMDB Commercial Mortgage Securities Trust, Series 2018-C8, Class A3                          | CUSIP: 46591AAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500381 | PA      | $497694.24    | 0.16%             | 2051-06-15      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| CEDR Commercial Mortgage Trust                         | CEDR Commercial Mortgage Trust, Series 2022-SNAI, Class A                                     | CUSIP: 12524AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $985921.60    | 0.31%             | 2039-02-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust, Series 2018-C8, Class A3                                       | CUSIP: 90276VAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600366 | PA      | $1590068.88   | 0.50%             | 2051-02-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN32, Class ASB                                                             | CUSIP: 06542BBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $996501.35    | 0.31%             | 2054-04-15      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN37, Class A1                                                              | CUSIP: 06540LAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191999 | PA      | $189063.55    | 0.06%             | 2064-11-15      | Fixed         | 1.19%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                         | MSWF Commercial Mortgage Trust, Series 2023-2, Class A1                                       | CUSIP: 55361AAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    745074 | PA      | $753564.04    | 0.24%             | 2056-12-15      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2023-V2, Class A2                                            | CUSIP: 08163TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $789439.18    | 0.25%             | 2055-05-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C34, Class XA                                              | CUSIP: 07337BAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19627428 | PA      | $937608.15    | 0.29%             | 2058-05-15      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C4, Class A1                                                 | CUSIP: 09660SAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1553253 | PA      | $1594181.62   | 0.50%             | 2057-05-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2016-C33, Class A4                              | CUSIP: 95000LAZ6<br>LEI: 549300JPCJUA5JJLRW54 | Long             | ABS-MBS          | CORP              | US        |    725000 | PA      | $721551.47    | 0.23%             | 2059-03-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2025-5YR17, Class XA                                                            | CUSIP: 06211GAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19618000 | PA      | $1000922.13   | 0.31%             | 2058-11-15      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2021-C11, Class ASB                                              | CUSIP: 05493MAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2177000 | PA      | $2048659.97   | 0.64%             | 2054-09-15      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140NYWN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2556434.90   | 0.80%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2020-GC45, Class AAB                                     | CUSIP: 36258YBH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2586053 | PA      | $2511588.73   | 0.79%             | 2053-02-13      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-C11, Class A1                                                 | CUSIP: 05613XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1846382 | PA      | $1875662.07   | 0.59%             | 2058-02-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C5, Class A1                                                 | CUSIP: 05593RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    404042 | PA      | $404547.45    | 0.13%             | 2057-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2019-GC39, Class A3                                      | CUSIP: 36260JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234387 | PA      | $224443.73    | 0.07%             | 2052-05-10      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                            | BANK5 Trust, Series 2024-5YR6, Class A1                                                       | CUSIP: 066043AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1577968 | PA      | $1617524.68   | 0.51%             | 2057-05-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR8, Class A1                                                             | CUSIP: 065923AS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1561316 | PA      | $1587667.33   | 0.50%             | 2057-08-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                              | Commercial Mortgage Trust, Series 2016-COR1, Class A4                                         | CUSIP: 12594MBC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2462016.00   | 0.77%             | 2049-10-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| BRSP Ltd.                                              | BRSP Ltd., Series 2021-FL1, Class A                                                           | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1025547 | PA      | $1024486.48   | 0.32%             | 2038-08-19      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V14, Class A1                                           | CUSIP: 08164BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1867567 | PA      | $1892325.32   | 0.60%             | 2057-04-15      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140Q0CB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2538266.33   | 0.80%             | 2030-08-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL3, Class AS                                                          | CUSIP: 36264BAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3005955.00   | 0.95%             | 2035-07-16      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                        | WFRBS Commercial Mortgage Trust, Series 2014-C22, Class B                                     | CUSIP: 92890KBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $914750.00    | 0.29%             | 2057-09-15      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR9, Class A3                                                             | CUSIP: 06644VBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1041505.10   | 0.33%             | 2057-08-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer LLC                                       | BSPDF Issuer LLC, Series 2025-FL2, Class A                                                    | CUSIP: 05615KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008597.00   | 0.32%             | 2042-12-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2023-C5, Class A1                                                  | CUSIP: 055988AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1111827 | PA      | $1126769.15   | 0.35%             | 2056-06-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| DTP Commercial Mortgage Trust                          | DTP Commercial Mortgage Trust, Series 2023-STE2, Class B                                      | CUSIP: 23346GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2026002.40   | 0.64%             | 2041-01-15      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                              | ACREC LLC, Series 2023-FL2, Class B                                                           | CUSIP: 00501BAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1009448.00   | 0.32%             | 2038-02-19      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-C12, Class A1                                                 | CUSIP: 05615DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    968530 | PA      | $980804.20    | 0.31%             | 2058-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-LGCY, Class B                                                           | CUSIP: 12434DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996585.10    | 0.31%             | 2036-10-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| STDIO Commercial Mortgage Trust                        | STDIO Commercial Mortgage Trust, Series 2025-RLGH, Class A                                    | CUSIP: 85781AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1790000 | PA      | $1793960.91   | 0.56%             | 2038-09-15      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C9, Class A1                                                 | CUSIP: 096933AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1047430 | PA      | $1059688.76   | 0.33%             | 2058-04-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                          | MHC Commercial Mortgage Trust, Series 2021-MHC, Class B                                       | CUSIP: 55316VAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001362.60   | 0.31%             | 2038-04-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-21M, Class A                                        | CUSIP: 05609CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    267766 | PA      | $267578.85    | 0.08%             | 2036-10-15      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                         | MSWF Commercial Mortgage Trust, Series 2023-1, Class A1                                       | CUSIP: 55376CAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1565432 | PA      | $1583164.81   | 0.50%             | 2056-05-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2023-5YR1, Class A3                                                             | CUSIP: 06644EAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3119721.60   | 0.98%             | 2056-04-15      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2022-BNK39, Class A1                                                             | CUSIP: 06539VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    508873 | PA      | $500021.14    | 0.16%             | 2055-02-15      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR5, Class A3                                                             | CUSIP: 065931AZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2586800 | PA      | $2685037.74   | 0.84%             | 2029-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                             | CSMC Trust, Series 2016-NXSR, Class A4                                                        | CUSIP: 12594PAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1587864.16   | 0.50%             | 2049-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-RISE, Class B                                                           | CUSIP: 12434EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1267994 | PA      | $1266915.98   | 0.40%             | 2036-11-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C10, Class XA                                                | CUSIP: 05615BAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17432108 | PA      | $921816.83    | 0.29%             | 2058-05-15      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2017-C1, Class ASB                                               | CUSIP: 07332VBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     54656 | PA      | $54244.81     | 0.02%             | 2050-02-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                   | LoanCore Issuer Ltd., Series 2021-CRE6, Class A                                               | CUSIP: 53948HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    530026 | PA      | $532129.34    | 0.17%             | 2038-11-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2023-5YR2, Class A3                                                             | CUSIP: 06211CAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6132000 | PA      | $6470978.80   | 2.04%             | 2056-07-15      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                  | Cantor Commercial Real Estate Lending, Series 2019-CF3, Class A4                              | CUSIP: 12529TAX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $187100.38    | 0.06%             | 2053-01-15      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                        | CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A1                                    | CUSIP: 12597NAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19051 | PA      | $17303.94     | 0.01%             | 2053-03-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                         | 280 Park Avenue Mortgage Trust, Series 2017-280P, Class A                                     | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1489430.40   | 0.47%             | 2034-09-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.         | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A                      | CUSIP: 03880RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2813872 | PA      | $2823751.09   | 0.89%             | 2036-11-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| EQUS Mortgage Trust                                    | EQUS Mortgage Trust, Series 2021-EQAZ, Class B                                                | CUSIP: 29478JAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1510696 | PA      | $1509835.41   | 0.47%             | 2038-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                        | CSAIL Commercial Mortgage Trust, Series 2017-CX9, Class A4                                    | CUSIP: 12595FAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1962263 | PA      | $1924448.40   | 0.61%             | 2050-09-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class A1                              | CUSIP: 95003VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1328590 | PA      | $1348623.85   | 0.42%             | 2057-07-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2019-BN22, Class ASB                                                             | CUSIP: 06540XBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1579146 | PA      | $1545691.96   | 0.49%             | 2062-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2019-IMC, Class A                                        | CUSIP: 05608BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    409752 | PA      | $407826.53    | 0.13%             | 2034-04-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2019-BN19, Class A2                                                              | CUSIP: 06540WBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $953218.40    | 0.30%             | 2061-08-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                              | BPR Trust, Series 2021-TY, Class B                                                            | CUSIP: 05592AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    340000 | PA      | $338868.51    | 0.11%             | 2038-09-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2023-C7, Class A1                                                  | CUSIP: 05593FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1194939 | PA      | $1215749.61   | 0.38%             | 2056-12-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-XL2, Class D                                        | CUSIP: 05609KAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1134000 | PA      | $1133439.92   | 0.36%             | 2038-10-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I                               | Morgan Stanley Capital I, Series 2017-HR2, Class A3                                           | CUSIP: 61691NAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1609052 | PA      | $1582120.72   | 0.50%             | 2050-12-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C7, Class A1                                                 | CUSIP: 09660WAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1102459 | PA      | $1113763.58   | 0.35%             | 2057-11-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2024-C63, Class A1                              | CUSIP: 94990FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2042930 | PA      | $2065702.86   | 0.65%             | 2057-08-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4                              | CUSIP: 95000DBD2<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1236140.75   | 0.39%             | 2049-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140NVEB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4500000 | PA      | $4622689.49   | 1.45%             | 2029-06-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                              | FS Rialto, Series 2021-FL3, Class A                                                           | CUSIP: 30323CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1069207 | PA      | $1071689.51   | 0.34%             | 2036-11-16      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2023-BNK46, Class A1                                                             | CUSIP: 06541DBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1382060 | PA      | $1406735.87   | 0.44%             | 2056-08-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2023-BNK45, Class A1                                                             | CUSIP: 06541BBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90154 | PA      | $91135.01     | 0.03%             | 2056-02-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL4, Class B                                                           | CUSIP: 36262TAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993650.00    | 0.31%             | 2036-12-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2016-BNK1, Class A3                             | CUSIP: 95000GAY0<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |   1080000 | PA      | $1062925.42   | 0.33%             | 2049-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR10, Class A3                                                            | CUSIP: 06604AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1547001.90   | 0.49%             | 2057-10-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust            | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL7, Class A                         | CUSIP: 55284AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    418820 | PA      | $419259.60    | 0.13%             | 2036-10-16      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V13, Class A1                                           | CUSIP: 08164AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $305113.86    | 0.10%             | 2058-02-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-LBA, Class DJV                                                          | CUSIP: 05609BAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320000 | PA      | $319574.72    | 0.10%             | 2036-02-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                         | MSWF Commercial Mortgage Trust, Series 2023-2, Class A2                                       | CUSIP: 55361AAR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2326520.68   | 0.73%             | 2056-12-15      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| Ready Capital Mortgage Financing LLC                   | Ready Capital Mortgage Financing LLC, Series 2021-FL7, Class A                                | CUSIP: 75575WAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1054403 | PA      | $1058123.79   | 0.33%             | 2036-11-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                   | LoanCore Issuer Ltd., Series 2021-CRE5, Class AS                                              | CUSIP: 53947XAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007168.00   | 0.63%             | 2036-07-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| DBJPM Mortgage Trust                                   | DBJPM Mortgage Trust, Series 2020-C9, Class A2                                                | CUSIP: 233063AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31494 | PA      | $31434.85     | 0.01%             | 2053-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                         | Morgan Stanley Capital I Trust, Series 2019-L2, Class XA                                      | CUSIP: 61768HAX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7794984 | PA      | $218779.48    | 0.07%             | 2052-03-15      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2021-FL2, Class A                                                           | CUSIP: 48275RAA5<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |   1653297 | PA      | $1657706.68   | 0.52%             | 2039-02-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| LFT CRE Ltd.                                           | LFT CRE Ltd., Series 2021-FL1, Class B                                                        | CUSIP: 50203JAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2500025.00   | 0.79%             | 2039-06-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                       | TRTX Issuer Ltd., Series 2021-FL4, Class A                                                    | CUSIP: 87276WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    266338 | PA      | $267274.28    | 0.08%             | 2038-03-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V10, Class A1                                           | CUSIP: 08163UAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191298 | PA      | $191588.14    | 0.06%             | 2057-09-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                      | 1211 Avenue of the Americas Trust, Series 2015-1211, Class A1A2                               | CUSIP: 90117PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $965937.50    | 0.30%             | 2035-08-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V5, Class A1                                            | CUSIP: 08163XAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    254204 | PA      | $257799.40    | 0.08%             | 2057-01-10      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust             | JPMCC Commercial Mortgage Securities Trust, Series 2017-JP5, Class A5                         | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1640000 | PA      | $1624605.65   | 0.51%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-ACNT, Class C                                       | CUSIP: 05609QAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    468097 | PA      | $468220.25    | 0.15%             | 2038-11-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2023-V2, Class XA                                            | CUSIP: 08163TAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14042026 | PA      | $306404.02    | 0.10%             | 2055-05-15      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                     | GS Mortgage Securities Corp. Trust, Series 2021-STAR, Class A                                 | CUSIP: 36264LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $995430.40    | 0.31%             | 2036-12-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V15, Class A1                                           | CUSIP: 08164CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    962095 | PA      | $971844.90    | 0.31%             | 2058-06-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2021-FL2, Class C                                                           | CUSIP: 48275RAG2<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99079.50     | 0.03%             | 2039-02-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR7, Class A1                                                             | CUSIP: 06211UBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    707116 | PA      | $720539.50    | 0.23%             | 2057-06-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V12, Class A1                                           | CUSIP: 081915AR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    179317 | PA      | $181624.35    | 0.06%             | 2057-12-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2018-B7, Class A3                                            | CUSIP: 08162TBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $498967.70    | 0.16%             | 2053-05-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust     | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2017-C33, Class A3                 | CUSIP: 61767CAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211854 | PA      | $209773.64    | 0.07%             | 2050-05-15      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C12, Class XA                                                | CUSIP: 09663VAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15844000 | PA      | $999303.26    | 0.31%             | 2058-10-15      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2019-UES, Class A              | CUSIP: 46651CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331457 | PA      | $1315691.43   | 0.41%             | 2032-05-05      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                              | STWD Ltd., Series 2021-FL2, Class AS                                                          | CUSIP: 78486BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3010674.00   | 0.95%             | 2038-04-18      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                            | AREIT Trust, Series 2022-CRE6, Class A                                                        | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1999737 | PA      | $2007762.17   | 0.63%             | 2037-01-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2015-P2, Class A4                               | CUSIP: 95000AAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    578222 | PA      | $576739.69    | 0.18%             | 2048-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Greystone CRE Notes Ltd.                               | Greystone CRE Notes Ltd., Series 2021-FL3, Class B                                            | CUSIP: 39809PAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $547800.00    | 0.17%             | 2039-07-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| JPMCC Commercial Mortgage Securities Trust             | JPMCC Commercial Mortgage Securities Trust, Series 2017-JP5, Class A4                         | CUSIP: 46647TAR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    137082 | PA      | $136227.02    | 0.04%             | 2050-03-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2024-C24, Class A1                                               | CUSIP: 07336VAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1395625 | PA      | $1409841.63   | 0.44%             | 2057-02-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| JPMorgan U.S. Government Money Market Fund             | JPMorgan U.S. Government Money Market Fund - Class IM                                         | CUSIP: N/A<br>LEI: 549300NQ5E5B7ZV4T516       | Long             | STIV             | RF                | US        |   3888780 | NS      | $3888780.39   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INCREF LLC                                             | INCREF LLC, Series 2025-FL1, Class A                                                          | CUSIP: 45339NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2514015.00   | 0.79%             | 2042-10-19      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                              | STWD Ltd., Series 2022-FL3, Class A                                                           | CUSIP: 78485KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    547547 | PA      | $549459.99    | 0.17%             | 2038-11-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2013-GC13, Class AS                                      | CUSIP: 36198EAP0<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |    240996 | PA      | $238080.75    | 0.07%             | 2046-07-10      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                  | FHLMC Multifamily Structured Pass-Through Certificates, Series K518, Class A2                 | CUSIP: 3137HC2L5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4159995.20   | 1.31%             | 2029-01-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL4, Class AS                                                          | CUSIP: 36262TAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    320000 | PA      | $320583.68    | 0.10%             | 2036-12-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2018-BN14, Class A2                                                              | CUSIP: 06035RAP1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355633 | PA      | $353743.79    | 0.11%             | 2060-09-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd.                                       | HGI CRE CLO Ltd., Series 2021-FL2, Class A                                                    | CUSIP: 40390JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     32065 | PA      | $32082.74     | 0.01%             | 2036-09-17      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BBCMS Trust                                            | BBCMS Trust, Series 2018-CBM, Class A                                                         | CUSIP: 05549RAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $537495.15    | 0.17%             | 2037-07-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2023-V2, Class A1                                            | CUSIP: 08163TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    185053 | PA      | $186208.80    | 0.06%             | 2055-05-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C37, Class AS                                              | CUSIP: 05494NAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2559955.50   | 0.81%             | 2058-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                    | Citigroup Commercial Mortgage Trust, Series 2019-GC43, Class AAB                              | CUSIP: 17328HBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1220286 | PA      | $1188045.15   | 0.37%             | 2052-11-10      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                  | FHLMC, Multifamily Structured Pass-Through Certificates, Series K088, Class A2                | CUSIP: 3137FKZZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4100000 | PA      | $4072438.57   | 1.28%             | 2029-01-25      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2023-C4, Class A1                                                  | CUSIP: 05610CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    381407 | PA      | $383361.59    | 0.12%             | 2056-02-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP3, Class A4             | CUSIP: 46590RAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    470088 | PA      | $463688.69    | 0.15%             | 2049-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                              | Commercial Mortgage Trust, Series 2016-DC2, Class B                                           | CUSIP: 12594CBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1987581.40   | 0.63%             | 2049-02-10      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust     | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class A1                 | CUSIP: 61778GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    377690 | PA      | $381087.87    | 0.12%             | 2058-03-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2015-GC34, Class A4                                      | CUSIP: 36250VAD4<br>LEI: 54930070360RBP384M53 | Long             | ABS-MBS          | CORP              | US        |    402345 | PA      | $398367.91    | 0.13%             | 2048-10-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2023-C19, Class A1                                               | CUSIP: 05553RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    503232 | PA      | $508393.26    | 0.16%             | 2056-04-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                    | Citigroup Commercial Mortgage Trust, Series 2017-P7, Class A3                                 | CUSIP: 17325HBN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    885206 | PA      | $876346.45    | 0.28%             | 2050-04-14      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2024-5C25, Class A1                                              | CUSIP: 05554VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    725473 | PA      | $737987.37    | 0.23%             | 2057-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN36, Class A2                                                              | CUSIP: 06540DAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $635463.86    | 0.20%             | 2064-09-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| BSPDF Issuer Ltd.                                      | BSPDF Issuer Ltd., Series 2021-FL1, Class B                                                   | CUSIP: 055731AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    136037 | PA      | $136208.77    | 0.04%             | 2036-10-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140NYLS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6343262 | PA      | $6441296.29   | 2.03%             | 2030-05-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR8, Class A3                                                             | CUSIP: 065923AY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1050228.20   | 0.33%             | 2057-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                            | BANK5 Trust, Series 2024-5YR6, Class A3                                                       | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1248000 | PA      | $1318943.93   | 0.41%             | 2057-05-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-C9, Class A1                                                  | CUSIP: 05593MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1251222 | PA      | $1272355.13   | 0.40%             | 2057-07-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2024-BNK47, Class A1                                                             | CUSIP: 06540GAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1584908 | PA      | $1618950.09   | 0.51%             | 2057-06-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                   | LoanCore Issuer Ltd., Series 2021-CRE6, Class C                                               | CUSIP: 53948HAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1606342.40   | 0.51%             | 2038-11-15      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                              | GPMT Ltd., Series 2021-FL4, Class A                                                           | CUSIP: 36262TAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3563640 | PA      | $3573586.35   | 1.12%             | 2036-12-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-VIEW, Class C                                                           | CUSIP: 05606GAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    860000 | PA      | $859844.51    | 0.27%             | 2036-06-15      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                              | BXMT Ltd., Series 2020-FL2, Class A                                                           | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    175542 | PA      | $175364.95    | 0.06%             | 2038-02-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                        | CSAIL Commercial Mortgage Trust, Series 2020-C19, Class ASB                                   | CUSIP: 12597NAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1935229 | PA      | $1862797.50   | 0.59%             | 2053-03-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Del Amo Fashion Center Trust                           | Del Amo Fashion Center Trust, Series 2017-AMO, Class A                                        | CUSIP: 24500EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1451280.60   | 0.46%             | 2035-06-05      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                    | Citigroup Commercial Mortgage Trust, Series 2016-C1, Class A3                                 | CUSIP: 17290YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    271864 | PA      | $270442.65    | 0.09%             | 2049-05-10      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2019-B13, Class ASB                                          | CUSIP: 08162DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486150 | PA      | $475079.67    | 0.15%             | 2057-08-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2021-B25, Class A3                                           | CUSIP: 08163DAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1148579.38   | 0.36%             | 2054-04-15      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140NW7H2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2541009.38   | 0.80%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2019-C53, Class A3                              | CUSIP: 95002BAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $472742.50    | 0.15%             | 2052-10-15      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V17, Class AM                                           | CUSIP: 081934AU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3075844.20   | 0.97%             | 2058-09-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                             | BFLD Trust, Series 2025-FPM, Class A                                                          | CUSIP: 05556HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2017275.20   | 0.63%             | 2030-10-10      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V8, Class A3                                            | CUSIP: 08190AAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1585727.40   | 0.50%             | 2057-07-15      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust, Series 2018-C15, Class ASB                                     | CUSIP: 90278LAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    598590 | PA      | $597386.53    | 0.19%             | 2051-12-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2022-C3, Class A1                                                  | CUSIP: 05602QAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67485 | PA      | $67765.54     | 0.02%             | 2054-09-15      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-5C6, Class AS                              | CUSIP: 95004TAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2060296.80   | 0.65%             | 2058-10-15      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                         | Morgan Stanley Capital I Trust, Series 2016-UBS9, Class A4                                    | CUSIP: 61766CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994966.30    | 0.31%             | 2049-03-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2019-B14, Class XA                                           | CUSIP: 08162YAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11364901 | PA      | $237746.92    | 0.07%             | 2062-12-15      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2023-V3, Class AS                                            | CUSIP: 08163VAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2645539.00   | 0.83%             | 2056-07-15      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Greystone CRE Notes Ltd.                               | Greystone CRE Notes Ltd., Series 2021-FL3, Class A                                            | CUSIP: 39809PAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    341150 | PA      | $342183.07    | 0.11%             | 2039-07-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.         | Arbor Realty Commercial Real Estate Notes Ltd., Series 2022-FL1, Class A                      | CUSIP: 03880XAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    989331 | PA      | $990847.33    | 0.31%             | 2037-01-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2021-SAVE, Class A                              | CUSIP: 95003LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451441 | PA      | $450913.29    | 0.14%             | 2040-02-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2017-C38, Class A4                              | CUSIP: 95001MAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97535 | PA      | $96122.20     | 0.03%             | 2050-07-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2020-C57, Class ASB                             | CUSIP: 95002XBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2456783 | PA      | $2348281.48   | 0.74%             | 2053-08-15      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                         | Morgan Stanley Capital I Trust, Series 2024-NSTB, Class A                                     | CUSIP: 61690BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    955155 | PA      | $940765.71    | 0.30%             | 2057-09-24      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2022-C1, Class A1                                                  | CUSIP: 05609MBY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    208720 | PA      | $206300.61    | 0.06%             | 2055-02-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ARDN Mortgage Trust                                    | ARDN Mortgage Trust, Series 2025-ARCP, Class A                                                | CUSIP: 039961AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1860000 | PA      | $1862992.74   | 0.59%             | 2035-06-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V16, Class AS                                           | CUSIP: 08164RAV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1042219.80   | 0.33%             | 2058-08-15      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2025-5C10, Class A1                                                | CUSIP: 05615BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    397822 | PA      | $400648.30    | 0.13%             | 2058-05-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140NYWM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2559699.20   | 0.81%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust             | JPMBB Commercial Mortgage Securities Trust, Series 2015-C27, Class A4                         | CUSIP: 46644ABF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    204502 | PA      | $200032.75    | 0.06%             | 2048-02-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| HIG RCP LLC                                            | HIG RCP LLC, Series 2023-FL1, Class B                                                         | CUSIP: 40443GAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1058511 | PA      | $1062911.03   | 0.33%             | 2038-09-19      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2020-B22, Class ASB                                          | CUSIP: 08163BBD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $281457.18    | 0.09%             | 2054-01-15      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2018-GS10, Class A2                                      | CUSIP: 36250SAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $970639.82    | 0.31%             | 2051-07-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V7, Class A1                                            | CUSIP: 08163YAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638673 | PA      | $1675864.94   | 0.53%             | 2056-05-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust            | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL7, Class B                         | CUSIP: 55284AAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002012.00   | 0.32%             | 2036-10-16      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust            | Arbor Multifamily Mortgage Securities Trust, Series 2021-MF2, Class ASB                       | CUSIP: 03881VAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1454000 | PA      | $1373331.06   | 0.43%             | 2054-06-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| WFRBS Commercial Mortgage Trust                        | WFRBS Commercial Mortgage Trust, Series 2013-C14, Class AS                                    | CUSIP: 92890PAG9<br>LEI: 549300GADFYEKC4OLM57 | Long             | ABS-MBS          | CORP              | US        |     80084 | PA      | $78333.41     | 0.02%             | 2046-06-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                    | Citigroup Commercial Mortgage Trust, Series 2016-P4, Class A4                                 | CUSIP: 29429EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1751000 | PA      | $1727998.16   | 0.54%             | 2049-07-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FS Rialto                                              | FS Rialto, Series 2021-FL2, Class A                                                           | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1111566 | PA      | $1112584.52   | 0.35%             | 2038-05-16      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V8, Class A1                                            | CUSIP: 08190AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    771660 | PA      | $786403.30    | 0.25%             | 2057-07-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2023-5C2, Class A1                                                 | CUSIP: 05610QAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    371526 | PA      | $380886.36    | 0.12%             | 2056-11-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                              | BXMT Ltd., Series 2020-FL3, Class A                                                           | CUSIP: 05608XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    300524 | PA      | $301660.34    | 0.09%             | 2037-11-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2025-V17, Class XA                                           | CUSIP: 081934AS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15350000 | PA      | $996001.64    | 0.31%             | 2058-09-15      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-5C6, Class XA                              | CUSIP: 95004TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17128000 | PA      | $998918.66    | 0.31%             | 2058-10-15      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2022-FL3, Class B                                                           | CUSIP: 48275EAE6<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250396.25    | 0.08%             | 2039-02-17      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| LCCM                                                   | LCCM Trust, Series 2017-LC26, Class A3                                                        | CUSIP: 50190DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    514483 | PA      | $505615.38    | 0.16%             | 2050-07-12      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2023-C5, Class A2                                                  | CUSIP: 055988AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $514823.40    | 0.16%             | 2056-06-15      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-VTT, Class C                               | CUSIP: 94990GAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1004640.80   | 0.32%             | 2038-03-15      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                       | TRTX Issuer Ltd., Series 2022-FL5, Class A                                                    | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2378862 | PA      | $2387170.92   | 0.75%             | 2039-02-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2022-FL3, Class AS                                                          | CUSIP: 48275EAC0<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250904.00    | 0.08%             | 2039-02-17      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2017-BNK5, Class A4                                                              | CUSIP: 06541WAW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    559454 | PA      | $551430.73    | 0.17%             | 2060-06-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2019-C50, Class A4                              | CUSIP: 95001XBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2448048 | PA      | $2392386.09   | 0.75%             | 2052-05-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2019-GC38, Class A3                                      | CUSIP: 36252SAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $295974.57    | 0.09%             | 2052-02-10      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140NUV89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4097842.20   | 1.29%             | 2029-04-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2022-B37, Class A1                                           | CUSIP: 08161QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240174 | PA      | $243198.42    | 0.08%             | 2055-11-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                             | FHLMC                                                                                         | CUSIP: 3132XFUM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2525204.33   | 0.79%             | 2029-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd.                                       | HGI CRE CLO Ltd., Series 2021-FL2, Class B                                                    | CUSIP: 40390JAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2504300.00   | 0.79%             | 2036-09-17      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| LFT CRE Ltd.                                           | LFT CRE Ltd., Series 2021-FL1, Class A                                                        | CUSIP: 50203JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1091817 | PA      | $1094374.84   | 0.34%             | 2039-06-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2024-5YR11, Class A3                                                            | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1578850.95   | 0.50%             | 2057-11-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2025-C64, Class A1                              | CUSIP: 95004BAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    852753 | PA      | $862033.48    | 0.27%             | 2058-02-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C37, Class XA                                              | CUSIP: 05494NAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14250000 | PA      | $996778.95    | 0.31%             | 2058-09-15      | Variable      | 1.66%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                      | BSPRT Issuer Ltd., Series 2023-FL10, Class A                                                  | CUSIP: 05610VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1463375 | PA      | $1466447.83   | 0.46%             | 2035-09-15      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2016-BNK1, Class A2                             | CUSIP: 95000GAX2<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |    711552 | PA      | $703980.37    | 0.22%             | 2049-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-BXMF, Class B                                                           | CUSIP: 05609RAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2020065 | PA      | $2018188.66   | 0.63%             | 2026-10-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2025-BNK49, Class A1                                                             | CUSIP: 05494FBL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2524804 | PA      | $2548730.32   | 0.80%             | 2058-03-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| AG Trust                                               | AG Trust, Series 2024-NLP, Class B                                                            | CUSIP: 00792MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1744000 | PA      | $1753619.73   | 0.55%             | 2041-07-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C3, Class A1                                                 | CUSIP: 09660QAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85000 | PA      | $85850.15     | 0.03%             | 2057-02-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                          | UBS Commercial Mortgage Trust, Series 2017-C7, Class A3                                       | CUSIP: 90276WAR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    527450 | PA      | $520180.14    | 0.16%             | 2050-12-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2024-C28, Class A1                                               | CUSIP: 07336WAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1740106 | PA      | $1758462.22   | 0.55%             | 2057-09-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V9, Class A3                                            | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2078815.00   | 0.65%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2025-BNK50, Class A1                                                             | CUSIP: 064908AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2874711 | PA      | $2899653.97   | 0.91%             | 2068-05-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C34, Class A1                                              | CUSIP: 07337BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1229754 | PA      | $1241856.11   | 0.39%             | 2058-05-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd.       | Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class A                   | CUSIP: 03881UAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3114827.30   | 0.98%             | 2041-01-20      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                     | BMO Mortgage Trust, Series 2024-5C6, Class A3                                                 | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2061658.60   | 0.65%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                  | Cantor Commercial Real Estate Lending, Series 2019-CF1, Class A2                              | CUSIP: 12529MAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1256013 | PA      | $1225547.32   | 0.39%             | 2052-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2025-5C36, Class XA                                              | CUSIP: 05556CAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21365562 | PA      | $973141.51    | 0.31%             | 2058-08-15      | Variable      | 1.29%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust            | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, Class A                         | CUSIP: 55283TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     65998 | PA      | $66084.96     | 0.02%             | 2036-07-16      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| FNMA                                                   | FNMA                                                                                          | CUSIP: 3140HUFK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3500000 | PA      | $3346220.22   | 1.05%             | 2029-07-01      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN38, Class ASB                                                             | CUSIP: 06540EAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $374926.48    | 0.12%             | 2064-12-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2021-BN33, Class A1                                                              | CUSIP: 06541CBB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170478 | PA      | $168524.40    | 0.05%             | 2064-05-15      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| BANK                                                   | BANK, Series 2024-BNK48, Class A1                                                             | CUSIP: 06541GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1205285 | PA      | $1204521.10   | 0.38%             | 2057-10-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| BDS Ltd.                                               | BDS Ltd., Series 2021-FL9, Class C                                                            | CUSIP: 05493NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2350000 | PA      | $2352946.90   | 0.74%             | 2038-11-16      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| DBJPM Mortgage Trust                                   | DBJPM Mortgage Trust, Series 2016-C3, Class A5                                                | CUSIP: 23312VAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1385000 | PA      | $1368536.09   | 0.43%             | 2049-08-10      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2013-GC13, Class B                                       | CUSIP: 36198EAS4<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2919750.00   | 0.92%             | 2046-07-10      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds           | Morgan Stanley Institutional Liquidity Funds Government Portfolio - Institutional Share Class | CUSIP: N/A<br>LEI: 5493000A332Y142SOW84       | Long             | STIV             | RF                | US        |   3888780 | NS      | $3888780.39   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Trust                           | GS Mortgage Securities Trust, Series 2019-GSA1, Class AAB                                     | CUSIP: 36261PAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164656 | PA      | $160836.77    | 0.05%             | 2052-11-10      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| TRTX Issuer Ltd.                                       | TRTX Issuer Ltd., Series 2022-FL5, Class AS                                                   | CUSIP: 87277JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2105600.70   | 0.66%             | 2039-02-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd.       | Arbor Realty Collateralized Loan Obligation Ltd., Series 2025-BTR1, Class AS                  | CUSIP: 03881UAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006034.00   | 0.63%             | 2041-01-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust             | JPMBB Commercial Mortgage Securities Trust, Series 2015-C33, Class AS                         | CUSIP: 46645JAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    590000 | PA      | $586865.98    | 0.18%             | 2048-12-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| BMARK                                                  | BMARK, Series 2023-V4, Class A1                                                               | CUSIP: 081926AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535504 | PA      | $547854.13    | 0.17%             | 2056-11-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2025-5YR14, Class A1                                                            | CUSIP: 06604MAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    926303 | PA      | $933598.58    | 0.29%             | 2058-04-15      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| KREF Ltd.                                              | KREF Ltd., Series 2022-FL3, Class A                                                           | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |   1612297 | PA      | $1614818.48   | 0.51%             | 2039-02-17      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| ACRES LLC                                              | ACRES LLC, Series 2025-FL3, Class A                                                           | CUSIP: 00501DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4024996.00   | 1.27%             | 2040-08-18      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2023-B38, Class A2                                           | CUSIP: 081916AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2561716.50   | 0.81%             | 2056-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2019-B13, Class A3                                           | CUSIP: 08162DAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1379000 | PA      | $1298171.29   | 0.41%             | 2057-08-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                   | LoanCore Issuer Ltd., Series 2021-CRE5, Class A                                               | CUSIP: 53947XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     61879 | PA      | $61977.39     | 0.02%             | 2036-07-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust            | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, Class B                         | CUSIP: 55282XAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1505272.50   | 0.47%             | 2036-07-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| BANK5                                                  | BANK5, Series 2023-5YR2, Class A1                                                             | CUSIP: 06211CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    299423 | PA      | $305668.11    | 0.10%             | 2056-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                               | Benchmark Mortgage Trust, Series 2024-V5, Class A3                                            | CUSIP: 08163XAY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3127540.80   | 0.98%             | 2057-01-10      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** DoubleLine ETF Trust

**Signature:** Henry V. Chase

**Name of Signer:** Henry V. Chase

**Title:** Treasurer and Principal Financial and Accounting Officer