# EDGAR Filing Document

**Accession Number:** 0000722574
**File Stem:** 0001752724-23-014656
**Filing Date:** 2023-1
**Character Count:** 169422
**Document Hash:** 921f65404b1e98a42ec9ccc2557bdf91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-014656.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-014656

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY ADVISOR SERIES I
- **CENTRAL INDEX KEY:** 0000722574
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03785
- **FILM NUMBER:** 23556499

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY ADVISOR SERIES 1
- **DATE OF NAME CHANGE:** 19930706

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY BROAD STREET TRUST
- **DATE OF NAME CHANGE:** 19920820

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY ADVISOR EQUITY PORTFOLIO GROWTH
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Fidelity Real Estate High Income Fund (Series ID: S000017688)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000048884 | Fidelity Real Estate High Income Fund |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Advisor Series I

- **b. Investment Company Act file number:** 811-03785

- **c. CIK number of Registrant:** 0000722574

- **d. LEI of Registrant:** C7J4FOV6ELAVE39B7M82

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Real Estate High Income Fund

- **b. EDGAR series identifier (if any):** S000017688

- **c. LEI of Series:** VC3DWMJ0Z58CVJ2Y1Q08

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $725065065.13

**Total Liabilities:** $5641886.13

**Net Assets:** $719423179.00

**Cash Not Reported:** $1428818.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 530.93457659 | **1-Year:** 8136.50497647 | **5-Year:** 40045.43831780 | **10-Year:** 50356.34843766 | **30-Year:** 145.44549540

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

- **3-Month:** 2294.78435333 | **1-Year:** 42360.00221598 | **5-Year:** 77360.23982387 | **10-Year:** 23537.86853457 | **30-Year:** 507.35570360

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048884 | -2.50%               | -1.21%               | 0.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $115449.24               | $-22877620.20                              |
| Month 2  | $-1860952.16             | $-10339445.35                              |
| Month 3  | $-7609159.77             | $8888110.61                                |

### Schedule of Portfolio Investments

| Name                                                                 | Title                                                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FEDERAL NAT MTG ASN GTD REM PA                                       | FNW 2003-W10 2B5 CSTR 6/43                                                                 | CUSIP: 31393DUN9<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |      9340 | PA      | $94.24        | 0.00%             | 2043-06-25      | Variable      | 0.03%                 | Yes           |                  3 | On Loan: No      |
| LIFE 2021-BMR MTG TR                                                 | LIFE 2021-BMR MTG G TR 1ML+305.6 03/15/2036 144A                                           | CUSIP: 53218CAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11211758 | PA      | $10452593.72  | 1.45%             | 2038-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2011-C3                            | JPMCC 2011-C3 G CSTR 02/15/2046 144A                                                       | CUSIP: 46635TBK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1082000 | PA      | $85856.38     | 0.01%             | 2046-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CAMB COML MTG TR 2019-LIFE                                           | CAMB COML MTG TR 2019-LIFE 1ML+325 12/15/2037 144A                                         | CUSIP: 12482HAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10526000 | PA      | $9608889.62   | 1.34%             | 2037-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2021-SAVE                                    | WELLS FARGO COML MTG TR 2021-SAVE E 1ML+365 02/15/2040 144A                                | CUSIP: 95003LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    511779 | PA      | $446886.34    | 0.06%             | 2040-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-LP2                                | BX 2022-LP2 G TSFR1M+411.27 02/15/39 144A                                                  | CUSIP: 05610HAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3510248 | PA      | $3236348.17   | 0.45%             | 2039-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX 2021-MFM1                                                         | BX 2021-MFM1 G 1ML+390 01/15/2034 144A                                                     | CUSIP: 05608VAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    417000 | PA      | $377437.79    | 0.05%             | 2034-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BN28                                                       | BANK 2020-BN28 2.5% 03/15/2063 144A                                                        | CUSIP: 06540YBH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903000 | PA      | $523956.27    | 0.07%             | 2063-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C3                                            | WFRBS 2011-C3 F 5% 03/15/44                                                                | CUSIP: 92935VAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1384543 | PA      | $121.70       | 0.00%             | 2044-03-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                              | UBSCM 2012-C1 F CSTR 5/10/45 144A                                                          | CUSIP: 90269GAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2484000 | PA      | $128708.71    | 0.02%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| SREIT TR 2021-MFP                                                    | SREIT TR 2021-MFP 1ML+262.49 11/15/2038 144A                                               | CUSIP: 78472UAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1405000 | PA      | $1309940.65   | 0.18%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK4                                                       | BANK 2017-BNK4 D 3.357% 05/15/2050 144A                                                    | CUSIP: 06541FAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4416000 | PA      | $3152294.04   | 0.44%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                           | BMO 2022-C1 MORTGAGE TRUST CSTR 02/15/2042 144A                                            | CUSIP: 05609MDC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $1046617.30   | 0.15%             | 2042-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HUDSON YDS 2019-55HY MTG TR                                          | HUDSON YDS 2019-55HY F CSTR 12/10/2041 144A                                                | CUSIP: 44421MAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1617000 | PA      | $1097542.31   | 0.15%             | 2041-12-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust 2022-C14                                        | BBCMS Mortgage Trust 2022-C14 2.946% 02/15/2055                                            | CUSIP: 07336AAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | XX        |   1486000 | PA      | $1249931.81   | 0.17%             | 2055-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2020-GC45                                             | GS MTG SECS TR 2020-GC45 3.21854% 12/13/2039 144A                                          | CUSIP: 36258YAY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1764000 | PA      | $1136345.69   | 0.16%             | 2039-12-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C11                                           | WFRBS 2013-C11 D CSTR 3/45                                                                 | CUSIP: 92937EAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1865000 | PA      | $1719140.77   | 0.24%             | 2045-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6                      | MORGAN STAN BAML TR-2012-C6 F CSTR 11/15/2045 144A                                         | CUSIP: 61761DAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1575000 | PA      | $1268556.98   | 0.18%             | 2045-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2016-CD2 MTG TR                               | CD 2016-CD2 D CSTR 11/49                                                                   | CUSIP: 12515AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1680000 | PA      | $941315.42    | 0.13%             | 2049-11-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BHP TRUST 2019-BXHP                                                  | BHP TRUST 2019-BXHP F 1ML+293.798 08/15/2036 144A                                          | CUSIP: 05550TAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1165500 | PA      | $1073496.01   | 0.15%             | 2036-08-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MOFT TR 2020-ABC                                                     | MOFT TR 2020-ABC E CSTR 02/01/2042 144A                                                    | CUSIP: 55317BAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    841000 | PA      | $528457.49    | 0.07%             | 2042-02-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST 2021                                    | CREDIT SUISSE MORTGAGE TRUST 2021-BRIT A 1ML+345.92 05/15/2023 144A                        | CUSIP: 12658RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3724760 | PA      | $3465254.48   | 0.48%             | 2023-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DBCCRE 2014-ARCP MORTGAGE TRUST                                      | DBCCRE 2014-ARCP MORTGAGE TRUST VAR 01/10/2034 144A                                        | CUSIP: 23305MAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4264000 | PA      | $3763705.31   | 0.52%             | 2034-01-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DBGS 2019-1735 MTG TR                                                | DBGS 2019-1735 F CSTR 04/10/2037 144A                                                      | CUSIP: 23307EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $662607.10    | 0.09%             | 2037-04-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2019-10K                                    | NATIXIS COML MTG SECS TR 2019-10K CSTR 05/15/2039 144A                                     | CUSIP: 63874UAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3014000 | PA      | $2114300.20   | 0.29%             | 2039-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B21 MTG TR                                            | BENCHMARK 2020-B21 MTG TR 2% 12/17/2053 144A                                               | CUSIP: 08163LBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $962314.19    | 0.13%             | 2053-12-17      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9                      | MSBAM 13-C9 D CSTR 5/15/46                                                                 | CUSIP: 61762DAG6<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |   4440000 | PA      | $4054704.35   | 0.56%             | 2046-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2018-C44                                     | WELLS FARGO COML MTG TR 2018-C44 3% 05/15/2051 144A                                        | CUSIP: 95001JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3949000 | PA      | $2721039.89   | 0.38%             | 2051-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C8                                                 | BBCMS MTG TR 2020-C8 2.25% 10/15/2053 144A                                                 | CUSIP: 05552AAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3013000 | PA      | $1706877.76   | 0.24%             | 2053-10-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2013-GC15                                      | CITIGROUP COML MTG TR 2013-GC15 D CSTR 09/10/2046 144A                                     | CUSIP: 17321JAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7323000 | PA      | $6871637.38   | 0.96%             | 2046-09-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS INC                                       | MARRIOTT OWNERSHIP RESORTS INC 4.75% 01/15/2028                                            | CUSIP: 57164PAF3<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $2851000.23   | 0.40%             | 2028-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2017-COR2                                                       | COMM 2017-COR2 D 3% 09/10/2050 144A                                                        | CUSIP: 12595EAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1146000 | PA      | $836114.61    | 0.12%             | 2050-09-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMM 2015-3BP MTG TR                                                 | COMM 2015-3BP MTG TR 3.238% 02/10/35 144A                                                  | CUSIP: 12592TAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4405000 | PA      | $3622868.46   | 0.50%             | 2035-02-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VASA TR 2021-VASA                                                    | VASA TR 2021-VASA F 1ML+390 04/15/2060 144A                                                | CUSIP: 92230AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3009000 | PA      | $2746476.79   | 0.38%             | 2039-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2015-SG1                                     | WELLS FARGO COML MTG TR 2020-C57 D 2.5% 08/15/2053 144A                                    | CUSIP: 95002XAC9<br>LEI: 549300ZJL46M82UL2Z22 | Long             | ABS-MBS          | CORP              | US        |   2108000 | PA      | $1351915.42   | 0.19%             | 2053-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DYNEX CAPITAL INC                                                    | DYNEX CAP INC 6.9%/VAR PFD PERP C                                                          | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |     57707 | NS      | $1251664.83   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MTG SECS TR 2020-GC45                                             | GS MTG SECS TR 2020-GC45 2.85% 02/13/2053 144A                                             | CUSIP: 36258YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2289000 | PA      | $1530419.45   | 0.21%             | 2053-02-13      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LIBERT STREET TRUST                                                  | LBTY 2016-225L E CSTR 02/36 144A                                                           | CUSIP: 902055AJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2063000 | PA      | $1715529.94   | 0.24%             | 2036-02-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C3                                            | WFRBS 2011-C3 D CSTR 3/44                                                                  | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3921839 | PA      | $1568735.43   | 0.22%             | 2044-03-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UBS-BAMLL TR 2012-WRM                                                | UBSBM 2012-WRM C CSTR 6/30                                                                 | CUSIP: 90269PAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    890000 | PA      | $845370.59    | 0.12%             | 2030-06-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                           | J P MORGAN CHASE COML MTG SECS TR 2020-NNN GFX CSTR 01/16/2037 144A                        | CUSIP: 46652BBQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    942000 | PA      | $758687.18    | 0.11%             | 2037-01-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ADAMS HOMES INC                                                      | ADAMS HOMES INC 7.5% 02/15/2025 144A                                                       | CUSIP: 00623PAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1012729.84   | 0.14%             | 2025-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2018-TECH                                   | NATIXIS COML MTG SECS TR 2018 1ML+400 11/15/2034 144A                                      | CUSIP: 63874LAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    572000 | PA      | $537028.84    | 0.07%             | 2034-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                      | BX TR 2022-LBA6 TSFR1M+420 01/15/2039 144A                                                 | CUSIP: 12433EAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1381000 | PA      | $1257712.05   | 0.17%             | 2039-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BN18                                                       | BANK 2019-BNK18 D 3% 05/15/2062 144A                                                       | CUSIP: 065402AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4284000 | PA      | $2979554.56   | 0.41%             | 2062-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AMR HMS 15-SFR2                                                      | AMERICAN HOMES 4 RENT 2015-SFR2 TR VAR 10/17/2045 144A                                     | CUSIP: 02666BAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2544766 | PA      | $25.45        | 0.00%             | 2052-10-17      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| JPMCC 2019                                                           | JPMCC 2019-MFP F 1ML+1 7/12/2036                                                           | CUSIP: 46651MAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    777000 | PA      | $713127.88    | 0.10%             | 2036-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATE                           | CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES 1ML+371.44 08/15/2023 144A                     | CUSIP: 12659XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2289000 | PA      | $2188928.58   | 0.30%             | 2023-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2014-C18                     | MSBAM 2014-C18 300E 4.69% 08/15/31                                                         | CUSIP: 61763XBP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1666000 | PA      | $1412996.24   | 0.20%             | 2031-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C13                                           | WFRBS COML MTG TR 2013-C13 D CSTR 05/15/2045 144A                                          | CUSIP: 92937UAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1499000 | PA      | $1441969.95   | 0.20%             | 2045-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C6                                                 | BBCMS MTG TR 2020-C6 E 2.4% 02/15/2053                                                     | CUSIP: 05492TAM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1512000 | PA      | $904922.93    | 0.13%             | 2053-02-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| OPG TR 2021-PORT                                                     | OPG TR 2021-PORT 1ML+343.6 10/15/2036 144A                                                 | CUSIP: 67118AAU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1516733 | PA      | $1359481.56   | 0.19%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2020                                            | PROGRESS RESIDENTIAL 2020 6.234% 10/17/2027 144A                                           | CUSIP: 74333AAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    966000 | PA      | $892589.70    | 0.12%             | 2027-10-17      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GSA1                                             | GS MTG SECS TR 2019-GSA1 2.8% 11/10/2052 144A                                              | CUSIP: 36261PAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1655000 | PA      | $1044807.46   | 0.15%             | 2052-11-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TR 2017-WWP                                          | WORLDWIDE PLAZA TR 2017-WWP F CSTR 11/10/2036 144A                                         | CUSIP: 98162JAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1695000 | PA      | $955571.00    | 0.13%             | 2036-11-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2012-GCJ9                                             | GS MTG SECS TR 2012-GCJ9 VAR 11/10/2045 144A                                               | CUSIP: 36192PAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4238000 | PA      | $4193077.20   | 0.58%             | 2045-11-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2013-GCJ16                                            | GSMS 2013-GC16 F 3.5% 11/10/2046                                                           | CUSIP: 36248GAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2530000 | PA      | $2273569.83   | 0.32%             | 2046-11-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2018-B7 MTG TR                                             | BENCHMARK 2018-B7 MTG TR VAR 05/15/2053 144A                                               | CUSIP: 08162TAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833000 | PA      | $555918.04    | 0.08%             | 2053-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SG COML MTG SECS TR 2020-COVE                                        | SG COMMERCIAL MORTGAGE SECURITIES TRUST 2016-C5 VAR 03/15/2037 144A                        | CUSIP: 78397FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1782000 | PA      | $1463378.76   | 0.20%             | 2037-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MERIT 2021                                                           | MERIT 2021-STOR G 1ML+275 07/15/2038 144A                                                  | CUSIP: 55293BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735000 | PA      | $672358.08    | 0.09%             | 2038-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-IND                                                    | SREIT TR 2021-IND G 1ML+343.21 10/15/2038 144A                                             | CUSIP: 78473JAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3339000 | PA      | $2952499.73   | 0.41%             | 2038-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C11                                           | WFRBS 2013-C11 E VAR 3/45                                                                  | CUSIP: 92937EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4999000 | PA      | $4155790.68   | 0.58%             | 2045-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                          | JPMCC 2014-DSTY E CSTR 06/27                                                               | CUSIP: 46642MAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4232000 | PA      | $10550.80     | 0.00%             | 2027-06-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                           | JP MORGAN CHASE CMS TR 12-CIBX 4.0% 06/15/2045 144A                                        | CUSIP: 46637WAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3743000 | PA      | $1410705.63   | 0.20%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| BX 2021-SOAR                                                         | BX TRUST 2021-SOAR J 3.85% 06/15/2023 144A                                                 | CUSIP: 05608WAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2542738 | PA      | $2331255.40   | 0.32%             | 2038-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| LA QUITA MORTGAGE TRUST 2022                                         | LA QUITA MORTGAGE TRUST 2022-LAQ F TFSR1M+57.1 03/15/2039 144A                             | CUSIP: 50172LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1764000 | PA      | $1666195.01   | 0.23%             | 2039-03-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-PAC                                | BX COMMERCIAL MORTGAGE TRUST 2021-PAC G 1ML+262.21 10/15/2036 144A                         | CUSIP: 05609PAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3192000 | PA      | $2866796.49   | 0.40%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C8                      | MSBAM 2013-C8 D 4.17262 12/48                                                              | CUSIP: 61761QAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1883000 | PA      | $1775546.61   | 0.25%             | 2048-12-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                      | MSC 2011-C3 D CSTR 7/49                                                                    | CUSIP: 61760RAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8074000 | PA      | $7752733.12   | 1.08%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2013-CCRE10 MTG TR                                              | COMM 2013-CCRE10 D MTG TR CSTR 08/10/2046 144A                                             | CUSIP: 12626BAW4<br>LEI: 549300YJIXJB9DCDOI21 | Long             | ABS-MBS          | CORP              | US        |   3673000 | PA      | $3463551.95   | 0.48%             | 2046-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE                                         | BARCLAYS COMMERCIAL MORTGAGE 2.5% 11/15/2052 144A                                          | CUSIP: 05492JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726000 | PA      | $476125.32    | 0.07%             | 2052-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                      | BANK 2017-BNK4 2.5% 06/15/2055 144A                                                        | CUSIP: 06541MAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1664000 | PA      | $983240.63    | 0.14%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                            | CAESARS ENTERTAINMENT INC 8.125% 07/01/2027 144A                                           | CUSIP: 28470RAK8<br>LEI: 5299000BKFWWVND5L441 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2323797.00   | 0.32%             | 2027-07-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                      | BX TR 2022-LBA6 TSFR1M+335 01/15/2039 144A                                                 | CUSIP: 12433EAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4315000 | PA      | $3930262.09   | 0.55%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX 2021-SOAR                                                         | BX TRUST 2.9% 06/15/2023 144A                                                              | CUSIP: 05608WAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1271369 | PA      | $1165709.07   | 0.16%             | 2038-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2019-10K                                    | NCMS 2019-10K E VAR 05/15/2039 144A                                                        | CUSIP: 63874UAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    984000 | PA      | $756698.56    | 0.11%             | 2039-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER ESCROW LLC                           | HILTON GRAND VACATIONS BORROWER ESCROW LLC 4.875% 07/01/2031 144A                          | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3200000 | PA      | $2641280.00   | 0.37%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2019-SFR3 TR                                    | PROGRESS RESIDENTIAL 2019-SFR3 G TR 4.116% 09/17/2036 144A                                 | CUSIP: 74332WAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    998000 | PA      | $935944.06    | 0.13%             | 2036-09-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DBCCRE 2014-ARCP MORTGAGE TRUST                                      | DBCCRE 2014-ARCP MORTGAGE TRUST VAR 01/10/2034 144A                                        | CUSIP: 23305MAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833000 | PA      | $765092.26    | 0.11%             | 2034-01-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2011-C3                            | JPMCC 2011-C3 E CSTR 2/46                                                                  | CUSIP: 46635TBD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3008000 | PA      | $1300507.90   | 0.18%             | 2046-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                   | KENNEDY-WILSON INC 4.75% 02/01/2030                                                        | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   2545000 | PA      | $2016912.50   | 0.28%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1                      | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1 D 3% 08/15/2049 144A                       | CUSIP: 95000GAJ3<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |   1526000 | PA      | $912871.66    | 0.13%             | 2049-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-C3                          | CGCMT 2016-C3 D 3% 11/15/2049 144A                                                         | CUSIP: 17325GAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4412000 | PA      | $2760554.43   | 0.38%             | 2049-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                             | SERVICE PPTYS TR 7.5% 09/15/2025                                                           | CUSIP: 81761LAA0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1059412.50   | 0.15%             | 2025-09-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                          | JP MORGAN CH CMS 13-LC11 VAR 04/15/2046 144A                                               | CUSIP: 46639YAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5894000 | PA      | $1192945.60   | 0.17%             | 2046-04-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| ILPT COML MTG TR 2022-LPF2                                           | ILPT COML MTG TR 2022-LPF2 D TSFR1M+419.2 10/15/2039 144A                                  | CUSIP: 449652AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1124831.56   | 0.16%             | 2039-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2022-C18                                        | BBCMS MORTGAGE TRUST 2022-C18 VAR 12/15/2055                                               | CUSIP: 054975AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1890000 | PA      | $1895719.52   | 0.26%             | 2055-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CUSHMAN and WAKEFIELD US BORROWER LLC                                | CUSHMAN and WAKEFIELD US BORROWER LLC 6.75% 05/15/2028 144A                                | CUSIP: 23166MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    685000 | PA      | $654237.06    | 0.09%             | 2028-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9                      | MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9 E CSTR 05/15/2046 144A                     | CUSIP: 61762DAJ0<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |   1594370 | PA      | $1415147.35   | 0.20%             | 2046-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALI MTG TR 2019-101C                                                | CALI MTG TR 2019-101C CSTR 03/10/2039 144A                                                 | CUSIP: 129890AQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3093000 | PA      | $2150192.36   | 0.30%             | 2039-03-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MOFT TR 2020-ABC                                                     | MOFT TR 2020-ABC D CSTR 02/01/2042 144A                                                    | CUSIP: 55317BAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1144000 | PA      | $761737.20    | 0.11%             | 2042-02-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK22                                                      | BANK 2019-BNK22 2.5% 11/15/2062 144A                                                       | CUSIP: 06540XAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2465000 | PA      | $1631302.98   | 0.23%             | 2062-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                          | JP MORGAN CH CMS 13-LC11 E CSTR 04/15/2046 144A                                            | CUSIP: 46639YAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104000 | PA      | $71239.46     | 0.01%             | 2046-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK44                                                      | BANK 2022-BNK44 CSTR 11/15/2032                                                            | CUSIP: 06540KBB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2079000 | PA      | $1741248.36   | 0.24%             | 2032-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CREST 2004-1 LTD/CORP                                                | CREST 2004-1A H1 3ML+369 1/40                                                              | CUSIP: 22608WAS8<br>LEI: 549300MJZTHEPDTYM573 | Long             | ABS-CBDO         | CORP              | KY        |   3107938 | PA      | $310.79       | 0.00%             | 2040-01-28      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                      | MORGAN STANLEY CAP I TR 2011-C3 C CSTR 07/15/2049 144A                                     | CUSIP: 61760RAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    342407 | PA      | $336773.74    | 0.05%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                             | MHC 2021 MHC G 1ML+286.9 04/15/2026 144A                                                   | CUSIP: 55316VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14000000 | PA      | $12838429.80  | 1.78%             | 2038-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR RE CDO 05-1 LTD COR                                       | CTCDO 2005-1A E 1ML+210 3/50                                                               | CUSIP: 140558AE7<br>LEI: 549300EO21RSSTCI1873 | Long             | ABS-CBDO         | CORP              | KY        |   2670000 | PA      | $267.00       | 0.00%             | 2050-03-20      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| CORE 2019 CORE MTG TR                                                | CORE 2019 CORE MTG TR 1ML+190 12/15/2031 144A                                              | CUSIP: 21871FAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2385600 | PA      | $2164905.52   | 0.30%             | 2031-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| COMM 2018-HCLV MTG TR                                                | COMM MORTGAGE TRUST 2018-HCLV G 1ML+505 069/15/2033                                        | CUSIP: 20048KAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1487000 | PA      | $1212909.02   | 0.17%             | 2033-09-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2017-C7                                       | JPMDB COML MTG SECS TR 2017-C7 D 3% 10/15/50 144A                                          | CUSIP: 46648KAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3285000 | PA      | $2353736.66   | 0.33%             | 2050-10-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UBS-BAMLL TR 2012-WRM                                                | UBSBM 2012-WRM D CSTR 6/30                                                                 | CUSIP: 90269PAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2090000 | PA      | $1880785.98   | 0.26%             | 2030-06-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                            | BENCHMARK 2022-B36 MTG TR 2.5% 07/15/2055 144A                                             | CUSIP: 08163QAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1872000 | PA      | $1022972.93   | 0.14%             | 2055-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK OF AMER MERRILL LYNCH TR 2013-C12                  | MORGAN STANLEY BNK AML TR13-C12 4.94% 10/15/2046                                           | CUSIP: 61762XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3996000 | PA      | $3572492.33   | 0.50%             | 2046-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK8                                                       | BANK 2017-BNK8 D 2.6% 11/15/2050                                                           | CUSIP: 06650AAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4653000 | PA      | $3131983.16   | 0.44%             | 2050-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                            | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                              | CUSIP: 08162YBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1680000 | PA      | $1392930.00   | 0.19%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C16                                                | BBCMS MTG TR 2022-C16 4.512% 06/15/2055                                                    | CUSIP: 05552YAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2793000 | PA      | $2683952.62   | 0.37%             | 2055-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                     | STWD TR 2021-LIH 1ML+420 11/15/2036 144A                                                   | CUSIP: 78486EAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1134000 | PA      | $1037052.07   | 0.14%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2020-2PAC                                   | NATIXIS COML MTG SECS TR 2020-2PAC AMZ2 3.5% 01/15/2025 144A                               | CUSIP: 63875DAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1754950 | PA      | $1525340.77   | 0.21%             | 2037-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TABERNA PFD FDG VI LTD / INC                                         | TBRNA 2006-6A F1 3ML+450 12/36                                                             | CUSIP: 87331AAL8<br>LEI: BUHFNQJBNOAUZ24NY591 | Long             | ABS-CBDO         | CORP              | KY        |   5856569 | PA      | $439.24       | 0.00%             | 2036-12-05      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| SFO COMMERICAL MORTGAGE TRUST 2021                                   | SFO COMMERICAL MORTGAGE TRUST 2021-555 F 1ML+365 05/15/2038 144A                           | CUSIP: 78432WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1383000 | PA      | $1180263.68   | 0.16%             | 2038-05-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2019                                                        | BX TRUST 2019 1ML+265 10/15/2036 144A                                                      | CUSIP: 056054AL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16482350 | PA      | $15551477.97  | 2.16%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CAMB COMMERCIAL MORTGAGE TRUST 2021-CX2                              | CAMB COMMERCIAL MORTGAGE TRUST 2021-CX2 2.7712% 11/10/2046 144A                            | CUSIP: 12477BAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    736000 | PA      | $505194.23    | 0.07%             | 2046-11-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2019-1 TR                                         | HOME PARTNERS AMER 2019-1 TR 3.604% 09/17/2039 144A                                        | CUSIP: 43731QAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1317003 | PA      | $1123180.69   | 0.16%             | 2039-09-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C7                                                 | BBCMS MTG TR 2020-C7 CSTR 04/15/2053 144A                                                  | CUSIP: 05492VAM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    840000 | PA      | $554885.52    | 0.08%             | 2053-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2020-SFR1 TR                                    | PROGRESS RESIDENTIAL 2020-SFR1 TR 5.268% 04/17/2037 144A                                   | CUSIP: 74331CAH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    462000 | PA      | $421726.26    | 0.06%             | 2037-04-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021                                    | BX COMMERCIAL MORTGAGE TRUST 2021-VINO F 1ML+274.82 05/15/2038 144A                        | CUSIP: 05608KAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2627000 | PA      | $2383307.66   | 0.33%             | 2038-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VASA TR 2021-VASA                                                    | VASA TR 2021-VASA G 1ML+500 04/15/2060 144A                                                | CUSIP: 92230AAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    693000 | PA      | $630882.04    | 0.09%             | 2039-07-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| HUDSON YDS 2019-30HY MTG TR                                          | HUDSON YDS 2019-30HY MTG TR E CSTR 07/10/2039 144A                                         | CUSIP: 44421GAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1947000 | PA      | $1380766.84   | 0.19%             | 2039-07-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                               | CD 2017-CD4 D 3.3% 05/10/2050 144A                                                         | CUSIP: 12515DAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3969000 | PA      | $2974610.71   | 0.41%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MFA FINANCIAL INC                                                    | MFA FINANCIAL 7.5% PFD PERP                                                                | CUSIP: 55272X409<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     80525 | NS      | $1585537.25   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MTG SECS TR 2019-GC38                                             | GS MTG SECS TR 2019-GC38 3% 02/10/2052 144A                                                | CUSIP: 36252SAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1162000 | PA      | $819012.00    | 0.11%             | 2052-02-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMM 2014-UBS2 MTG TR                                                | COMM 2014-UBS2 D MTG TR CSTR 03/10/2047 144A                                               | CUSIP: 12591UAP8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3454000 | PA      | $3045876.05   | 0.42%             | 2047-03-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2020-GC46                                      | CITIGROUP COML MTG TR 2020-GC46 2.6% 02/15/2053 144A                                       | CUSIP: 17328RAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    329000 | PA      | $199614.56    | 0.03%             | 2053-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                           | BMO 2022-C1 MORTGAGE TRUST 2022-C1 360E CSTR 02/15/2042 144A                               | CUSIP: 05609MDE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1970000 | PA      | $1258157.05   | 0.17%             | 2042-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2011-C3                            | JP MORGAN CHASE CO MT SE 2011-C3 H CSTR 02/15/2046 144A                                    | CUSIP: 46635TBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2622000 | PA      | $252812.45    | 0.04%             | 2046-02-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| HOME PARTNERS AMER 2021-1 TR                                         | HOME PARTNERS AMER 2021-1 TR 3.325% 09/17/2041 144A                                        | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    913110 | PA      | $716005.62    | 0.10%             | 2041-09-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                           | JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A                                                       | CUSIP: 92939VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $1296907.47   | 0.18%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-3 TR                                         | HOME PARTNERS AMER 2021-3 TR 4.242% 01/17/2041 144A                                        | CUSIP: 43730XAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1242078 | PA      | $1019590.62   | 0.14%             | 2041-01-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP                                                    | SREIT TR 2021-MFP 1ML+202.68 11/15/2038 144A                                               | CUSIP: 78472UAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3297000 | PA      | $3090446.91   | 0.43%             | 2038-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                               | MORGAN STANLEY CAPITAL I TRUST 2017-H1 D 2.546% 06/15/2050 144A                            | CUSIP: 61691JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5262000 | PA      | $3742556.98   | 0.52%             | 2050-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK8                                                       | BANK 2017-BNK8 E 2.8% 11/15/2050 144A                                                      | CUSIP: 06650AAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2625000 | PA      | $1493626.05   | 0.21%             | 2050-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMM 2012-CCRE1 MTG TR                                               | COMM 2012-CR1 D CSTR 5/45                                                                  | CUSIP: 12624BAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7226000 | PA      | $5302044.98   | 0.74%             | 2045-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2017-GS5                                              | GS MTG SECS TR 2017-GS5 CSTR 03/10/2050                                                    | CUSIP: 36252HAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2499000 | PA      | $2081102.73   | 0.29%             | 2050-03-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC                                               | ARBOR REALTY TRUST INC SER F 6.25%/VAR PFD PERP                                            | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     92000 | NS      | $1829880.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK 2020-IG3 MTG TR                                            | BENCHMARK 2020-IG3 MTG TR CSTR 09/15/2048 144A                                             | CUSIP: 08162QCC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3049000 | PA      | $2154260.58   | 0.30%             | 2048-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DBGS 2018-C1 MTG TR                                                  | DBGS MTG TR 2018-C1 C CSTR 10/15/2051                                                      | CUSIP: 23307DBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    777000 | PA      | $662242.00    | 0.09%             | 2051-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2019-B12 MTG TR                                            | BENCHMARK 2019-B12 MTG TR 3.5702% 08/15/2052                                               | CUSIP: 08162FAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1186000 | PA      | $984046.85    | 0.14%             | 2052-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020 MORTGAGE TRUST                                        | BENCHMARK MORTGAGE TRUST 2020-B22 E 2% 01/15/2054 144A                                     | CUSIP: 08163BAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1826000 | PA      | $994531.63    | 0.14%             | 2054-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BX 2021-VOLT                                                         | BX 2021-VOLT E 1ML+200 09/15/2036 144A                                                     | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1785000 | PA      | $1660850.04   | 0.23%             | 2036-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                      | MSC 2011-C3 G CSTR 07/49                                                                   | CUSIP: 61760RAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3536800 | PA      | $1819150.60   | 0.25%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| HOME PARTNERS AMER 2019-2 TR                                         | HOME PARTNERS AMER 2019-2 TR 3.866% 10/19/2039 144A                                        | CUSIP: 43732TAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2039503 | PA      | $1686804.08   | 0.23%             | 2039-10-19      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                               | COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR CSTR 05/10/2050                                     | CUSIP: 12515DAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1920000 | PA      | $1599526.66   | 0.22%             | 2050-05-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMCC COML MTG SECS TR 2016-JP4                                      | JPMCC COML MTG SECS TR 2016-JP4 CSTR 12/15/2049 144A                                       | CUSIP: 46645UAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2418000 | PA      | $1802811.96   | 0.25%             | 2049-12-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CTR PARTNERSHIP LP / CARETRUST CAP CORP                              | CTR PARTNERSHIP LP / CARETRUST CAP CORP 3.875% 06/30/2028 144A                             | CUSIP: 126458AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1085000 | PA      | $926915.50    | 0.13%             | 2028-06-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2018-TECH                                   | NATIXIS COML MTG SECS TR 2018-TECH E 1ML+225 11/15/2034 144A                               | CUSIP: 63874LAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    638000 | PA      | $610708.34    | 0.08%             | 2034-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                | BBCMS MTG TR 2022-C17 4.889% 09/15/2055                                                    | CUSIP: 054976AK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1491000 | PA      | $1346089.11   | 0.19%             | 2055-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                           | JPMCC 2012-CBX E CSTR 6/45                                                                 | CUSIP: 46637WAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2744008 | PA      | $2348318.53   | 0.33%             | 2045-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C5                      | MSBAM 2012-C5 E VAR 08/15/2045 144A                                                        | CUSIP: 61761AAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    889000 | PA      | $821085.56    | 0.11%             | 2045-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2021-SFR1 TR                                      | TRICON RESIDENTIAL 2021-SFR1 TR 4.133% 07/17/2038 144A                                     | CUSIP: 89614YAH9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    672000 | PA      | $557605.51    | 0.08%             | 2038-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HILTON USA TR 2016-SFP                                               | HILTON USA TR 2016-SFP 6.15522% 11/05/2035 144A                                            | CUSIP: 43289VAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3595000 | PA      | $3330547.13   | 0.46%             | 2035-11-05      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                       | SMRT 2022-MINI TSFR1M+335 01/15/2039 144A                                                  | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3360000 | PA      | $3065236.61   | 0.43%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL F                                                      | MHP 2022-MHIL F TSFR1M+395.75 01/15/2027 144A                                              | CUSIP: 55293DAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2285341 | PA      | $2075081.98   | 0.29%             | 2027-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2020-CNP                                     | MORGAN STANLEY CAP I TR 2020-CNP CSTR 04/05/2042 144A                                      | CUSIP: 61770YAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1043000 | PA      | $664026.89    | 0.09%             | 2042-04-05      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE PLAZA TR 2018-INDP                                      | INDEPENDENCE PLAZA TR 2018-INDP E 4.996% 07/10/2035 144A                                   | CUSIP: 45378YAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2083000 | PA      | $1826155.06   | 0.25%             | 2035-07-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2021-MC                                               | BX COML MTG TR 2021-MC G 1ML+308.68 04/15/2034 144A                                        | CUSIP: 05608GAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1572000 | PA      | $1338508.80   | 0.19%             | 2034-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TAH 2017                                                             | TAH 2017 5.104% 01/17/2036 144A                                                            | CUSIP: 89613FAF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    664000 | PA      | $641425.39    | 0.09%             | 2036-01-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BN29                                                       | BANK 2020-BN29 2.5% 11/15/2053 144A                                                        | CUSIP: 06541TAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1064000 | PA      | $611452.28    | 0.08%             | 2053-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C16                                           | WFRBS COML MTG TR 2013-C16 CSTR 09/15/2046                                                 | CUSIP: 92938EBR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    668000 | PA      | $600843.82    | 0.08%             | 2046-09-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2019-1 TR                                         | HOME PARTNERS AMER 2019-1 TR 4.101% 09/17/2039 144A                                        | CUSIP: 43731QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213700 | PA      | $182847.75    | 0.03%             | 2039-09-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                              | GSMS 2011-GC5 D 5.47 8/44                                                                  | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1929752 | PA      | $795592.56    | 0.11%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                              | GS MTG SECS TR 2011-GC5 4.5% 08/10/2044 144A                                               | CUSIP: 36191YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4308000 | PA      | $15111.60     | 0.00%             | 2044-08-10      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2011-C5                                            | WFRBS COML MTG TR 2011-C5 VAR 11/15/2044 144A                                              | CUSIP: 92936JAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1255150 | PA      | $1092127.23   | 0.15%             | 2044-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CREDIT SUIS FT BS MTG SECS CRP                                       | CSFB 1998-C1 H 6% 5/40                                                                     | CUSIP: 22540AGB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25212 | PA      | $25204.46     | 0.00%             | 2040-05-17      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VERITAS MULTIFAMILY PORTFOLIO POOL A                                 | VERITAS POOL A MEZZ 1ML+850 11/15/2023                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11130675 | PA      | $10685448.13  | 1.49%             | 2023-11-15      | Variable      | 0.12%                 | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                           | JPMCC 2012-CBX G 4.0% 6/45 144A                                                            | CUSIP: 46637WAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4129000 | PA      | $1000922.86   | 0.14%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| REXFORD INDL RLTY INC                                                | REXFORD INDL RLTY INC SER B 5.875% PERP PFD                                                | CUSIP: 76169C308<br>LEI: 549300MSLO0DF0EMX355 | Long             | EP               | CORP              | US        |     91475 | NS      | $2074653.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021                                    | BX COMMERCIAL MORTGAGE TRUST 2021 VINO G 1ML+389.82 05/15/2038 144A                        | CUSIP: 05608KAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4994000 | PA      | $4548331.44   | 0.63%             | 2038-05-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2019-SFR3 TR                                    | PROGRESS RESIDENTIAL 2019-SFR3 TR 3.867% 09/17/2036 144A                                   | CUSIP: 74332WAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1228000 | PA      | $1154762.45   | 0.16%             | 2036-09-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2013-GCJ16                                            | GSMS 2013-GC16 D CSTR 11/46                                                                | CUSIP: 36248GAP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3923000 | PA      | $3672904.43   | 0.51%             | 2046-11-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                            | WFRBS 2011-C4 G 5% 06/15/44                                                                | CUSIP: 92936CBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1252600 | PA      | $89445.91     | 0.01%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2018-FL1                                    | NATIXIS COML MTG SECS TR 2018-FL1 WAN2 1ML+375 06/15/2035 144A                             | CUSIP: 63874MBE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    222000 | PA      | $168637.68    | 0.02%             | 2035-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                              | UBSCM 2012-C1 D CSTR 5/45                                                                  | CUSIP: 90269GAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    457821 | PA      | $416612.30    | 0.06%             | 2045-05-10      | Variable      | 0.07%                 | No            |                  3 | On Loan: No      |
| COMM 2012-CCRE2 MTG TR                                               | COMM 2012-CCRE2 MTG TR 4.25% 08/15/2045 144A                                               | CUSIP: 12624KBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1556000 | PA      | $854877.60    | 0.12%             | 2045-08-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2016-BNK2                                    | MORGAN STANLEY CAP I TR 2016-BNK2 3% 11/15/2049 144A                                       | CUSIP: 61690YAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4506000 | PA      | $3350382.68   | 0.47%             | 2049-11-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| SG COML MTG SECS TR 2019-PRES                                        | SG COMMERCIAL MORTGAGE SECURITIES TRUST 2019-PREZ F CSTR 09/15/2039 144A                   | CUSIP: 78430EAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3206000 | PA      | $2263992.88   | 0.31%             | 2039-09-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC42                                             | GS MTG SECS TR 2019-GC42 2.8% 09/01/2052 144A                                              | CUSIP: 36257UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4807000 | PA      | $3256290.16   | 0.45%             | 2052-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CREST CLARENDON STR 02 1 LTD                                         | CREST CLARENDON STR 02 1 LTD 3ML+47 12/28/2035 144A                                        | CUSIP: 226063204<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $60000.00     | 0.01%             | 2035-12-28      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| CITIGROUP COML MTG TR 2020-GC46                                      | CITIGROUP COML MTG TR 2020-GC46 2.6% 02/15/2053 144A                                       | CUSIP: 17328RAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2756000 | PA      | $1809487.35   | 0.25%             | 2053-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2016-GS2                                              | GS MTG SECS TR 2016-GS2 2.753% 05/10/2049                                                  | CUSIP: 36252TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2058050 | PA      | $1590989.14   | 0.22%             | 2049-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TR 2019-OC11                                                      | BX TR 2019-OC11 4.075457% 12/09/2041 144A                                                  | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9367000 | PA      | $7242790.14   | 1.01%             | 2041-12-09      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                       | FNW 2003-W10 2B4 CSTR 6/43                                                                 | CUSIP: 31393DUM1<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |     88680 | PA      | $34944.18     | 0.00%             | 2043-06-25      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| OPG TR 2021-PORT                                                     | OPG TR 2021-PORT G 1ML+244 10/15/2036 144A                                                 | CUSIP: 67118AAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    912918 | PA      | $835133.40    | 0.12%             | 2036-10-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MSJP 2015-HAUL                                                       | MSJP 2015-HAUL E 5.012% 09/05/2047 144A                                                    | CUSIP: 553697AN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1014000 | PA      | $701431.36    | 0.10%             | 2047-09-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2017-RB1                                     | WELLS FARGO COML MTG TR 2017-RB1 D 3.401% 03/15/2050                                       | CUSIP: 95000TAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1824000 | PA      | $1318795.78   | 0.18%             | 2050-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SUNBELT MEZZ                                                         | SUNBELT MEZZ SOFR+445 01/21/2027                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2792918 | PA      | $2792917.52   | 0.39%             | 2027-01-21      | Variable      | 0.08%                 | No            |                  3 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST 2021-4SZN                               | CREDIT SUISSE MORTGAGE TRUST 2021-4SZN TSFR1M+396.65 11/15/2023 144A                       | CUSIP: 12663FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7098000 | PA      | $6675036.57   | 0.93%             | 2023-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                           | J P MORGAN CHASE COML MTG SECS TR 2020-NNN 3.972% 01/16/2037 144A                          | CUSIP: 46652BBL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2771000 | PA      | $2348649.44   | 0.33%             | 2037-01-16      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                          | JPMCC 2014-DSTY D CSTR 06/27                                                               | CUSIP: 46642MAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3213000 | PA      | $8031.86      | 0.00%             | 2027-06-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                            | WFRBS 2011-C4 D VAR 06/44                                                                  | CUSIP: 92936CAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1616000 | PA      | $1443801.95   | 0.20%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2010-C1                                               | GSMS 2010-C1 B 5.148 8/43                                                                  | CUSIP: 36249KAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    193730 | PA      | $190391.08    | 0.03%             | 2043-08-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLONY CAPITAL OPERATING CO LLC                                      | COLONY CAPITAL OPERATING CO LLC CONV 5.75% 07/15/2025 144A                                 | CUSIP: 19626LAA5<br>LEI: 5493003D7P9HVU22YM89 | Long             | DBT              | CORP              | US        |   1264000 | PA      | $2130598.40   | 0.30%             | 2025-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESORTS INC                                       | MARRIOTT OWNERSHIP RESORTS INC 4.5% 06/15/2029 144A                                        | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    900000 | PA      | $758233.76    | 0.11%             | 2029-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2018-C8                                       | JPMDB COML MTG SECS TR 2018-C8 CSTR 06/15/2051 144A                                        | CUSIP: 46591AAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1171000 | PA      | $794353.47    | 0.11%             | 2051-06-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2018-B7 MTG TR                                             | BENCHMARK 2018-B7 MTG TR VAR 05/15/2053 144A                                               | CUSIP: 08162TAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833000 | PA      | $595100.53    | 0.08%             | 2053-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2017-APPL                                                   | BX TRUST 2017-APPL 1ML+425 07/15/2034 144A                                                 | CUSIP: 12433PAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2249924 | PA      | $2200476.52   | 0.31%             | 2034-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-2 TR                                         | HOME PARTNERS AMER 2021-2 TR 4.505% 12/17/2026 144A                                        | CUSIP: 43732VAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5389027 | PA      | $4402138.02   | 0.61%             | 2026-12-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DATABANK ISSUER LLC 2021-1A                                          | DATABANK ISSUER LLC 2021-1A 4.43% 02/27/2051 144A                                          | CUSIP: 23802WAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1250949.30   | 0.17%             | 2051-02-27      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2019-70P                                         | GS MTG SECS CORP TR 2019-70P F 1ML+265 10/15/2036 144A                                     | CUSIP: 36257MAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2550000 | PA      | $2303337.74   | 0.32%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MED TR 2021-MDLN                                                     | MED TR 2021-MDLN 1ML+525 11/15/2026 144A                                                   | CUSIP: 58403YBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7774000 | PA      | $6848164.80   | 0.95%             | 2038-11-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B37 MTG TR                                            | BENCHMARK 2022-B37 MTG TR 5.9431% 11/15/2055                                               | CUSIP: 08161QAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2090000 | PA      | $1850201.34   | 0.26%             | 2055-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C13                     | MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C13 D CSTR 11/15/2046 144A                    | CUSIP: 61763BAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5150000 | PA      | $4709805.81   | 0.65%             | 2046-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PRIMA CAP LTD 2021-9A                                                | PRIMA CAP LTD 2021-9A C 1ML+235 12/15/2037 144A                                            | CUSIP: 74167FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $934551.50    | 0.13%             | 2037-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                   | KENNEDY-WILSON INC 4.75% 03/01/2029                                                        | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1233860.00   | 0.17%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2013-GCJ12                                            | GS MTG SECS TR 2013-GCJ12 CSTR 06/2046                                                     | CUSIP: 36197XAB0<br>LEI: 549300SSCQUZ3RRV2T53 | Long             | ABS-MBS          | CORP              | US        |    869000 | PA      | $838585.26    | 0.12%             | 2046-06-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                           | JPMCC 2020-NNN FFX 4.6254% 01/16/2037 144A                                                 | CUSIP: 46652BBN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2388000 | PA      | $1958303.76   | 0.27%             | 2037-01-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILTON USA TR 2016-HHV                                               | HILT 2016-HHV F CSTR 11/38 144A                                                            | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5977000 | PA      | $5050483.12   | 0.70%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP     | GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP 3.75% 12/15/2027 144A     | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2290000 | PA      | $1894545.42   | 0.26%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX TR 2021-ACNT                                                      | BX TR 2021-ACNT 1ML+317.3 11/15/2026 144A                                                  | CUSIP: 05609QAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2541000 | PA      | $2336120.95   | 0.32%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SREIT TRUST                                                          | SREIT TRUST 1ML+301.74 11/15/2036 144A                                                     | CUSIP: 85236WCS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3024000 | PA      | $2796676.55   | 0.39%             | 2036-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TIMES SQUARE HOTEL TR                                                | TIMES SQUARE HOTEL TR 8.528% 08/01/2026 144A                                               | CUSIP: 887367AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1548416 | PA      | $1524636.92   | 0.21%             | 2026-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2020-VIVA                                             | BX COML MTG TR 2020-VIVA 3.54875% 03/09/2044 144A                                          | CUSIP: 12433XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8563000 | PA      | $5988157.28   | 0.83%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BX 2021-XL2                                                          | BX TRUST 1ML+372.55 10/15/2036 144A                                                        | CUSIP: 05609KAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6640840 | PA      | $6079214.32   | 0.85%             | 2038-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK6                                                       | BANK 2017-BNK6 3.1% 07/15/2060 144A                                                        | CUSIP: 060352AV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2593000 | PA      | $1896693.41   | 0.26%             | 2060-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE COM MTG TR 2021                                        | CREDIT SUISSE COM MTG TR 2021-SOP2 F STEP 06/15/2034 144A                                  | CUSIP: 12657VAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2561600 | PA      | $2312579.69   | 0.32%             | 2034-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                            | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                              | CUSIP: 08162YBP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1132000 | PA      | $942321.40    | 0.13%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                             | PKHL COML MTG TR 2021-MF 1ML+600 07/15/2038 144A                                           | CUSIP: 69356GAU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    631000 | PA      | $559869.64    | 0.08%             | 2038-07-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| DBGS 2018-C1 MTG TR                                                  | DBGS 2018-C1 D MTG TR CSTR 10/15/2051 144A                                                 | CUSIP: 23307DAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3459000 | PA      | $2472435.09   | 0.34%             | 2051-10-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CRSNT TR 2021-MOON                                                   | CRSNT TR 2021-MOON F 1ML+350 04/15/2036 144A                                               | CUSIP: 22877LAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    840000 | PA      | $745671.19    | 0.10%             | 2036-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC          | UNITI GRP/UNITI HLD/CSL 7.875% 02/15/2025 144A                                             | CUSIP: 91327AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1195000 | PA      | $1200022.59   | 0.17%             | 2025-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-C10                           | JP MORGAN CHASE COML MTG SECS 2019-OSB E CSTR 06/05/2039 144A                              | CUSIP: 46651EAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2350000 | PA      | $1794213.49   | 0.25%             | 2039-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2022-NXSS                          | J P MORGAN CHASE COML MTG SECS TR 2022-NXSS D TSFR1M+412.9 08/15/2039 144A                 | CUSIP: 465979AL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $992473.20    | 0.14%             | 2039-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK30                                                      | BANK 2020-BN30 MCDG CSTR 12/53                                                             | CUSIP: 06541UBJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3921000 | PA      | $2353814.33   | 0.33%             | 2053-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BX 2021-BXMF                                                         | BX 2021-BXMF 1ML+359.02 10/15/2026 144A                                                    | CUSIP: 05609RAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4374000 | PA      | $3840856.64   | 0.53%             | 2026-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B21 MTG TR                                            | BENCHMARK 2020-B21 MTG TR 2% 12/17/2053 144A                                               | CUSIP: 08163LBE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1533000 | PA      | $806008.32    | 0.11%             | 2053-12-17      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BX TR 2021-LGCY                                                      | BX TR 2021-LGCY 1ML+334.6 10/15/2023 144A                                                  | CUSIP: 12434DAY8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1390000 | PA      | $1209738.68   | 0.17%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK19                                                      | BANK 2019-BN19 D 3% 08/15/2061 144A                                                        | CUSIP: 06540WAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3753000 | PA      | $2546519.71   | 0.35%             | 2061-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2020-2PAC                                   | NATIXIS COML MTG SECS TR 2020-2PAC AMZ3 VAR 01/15/2025 144A                                | CUSIP: 63875DAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    822675 | PA      | $708821.88    | 0.10%             | 2037-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ELP COMMERCIAL MORTGAGE TRUST 2021-ELP                               | ELP COMMERCIAL MORTGAGE TRUST 2021-ELP 1ML+361.49 11/15/2036 144A                          | CUSIP: 26863LAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2289000 | PA      | $2003542.70   | 0.28%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2015-NXS4                                    | WELLS FARGO COML MTG TR 2015-NXS4 VAR 12/15/2048                                           | CUSIP: 94989XBL8<br>LEI: 549300RD723OFH36TP29 | Long             | ABS-MBS          | CORP              | US        |   1834000 | PA      | $1556471.05   | 0.22%             | 2048-12-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                                                 | AGNC INVESTMENT CORP SER E 6.5%/VAR PFD PERP                                               | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     97792 | NS      | $2116218.88   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MTG SECS TR 2017-GS6                                              | GS MTG SECS TR 2017-GS6 3.243% 05/10/2050 144A                                             | CUSIP: 36253PAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4676000 | PA      | $3520021.72   | 0.49%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FKH 2021-SFR1 F1                                                     | FKH 2021-SFR1 F1 3.238% 08/17/2038 144A                                                    | CUSIP: 33767WAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1068000 | PA      | $875641.45    | 0.12%             | 2038-08-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VMC FINANCE 2021-HT1                                                 | VMC FINANCE 2021-HT1 B 1ML+450 01/18/2037 144A                                             | CUSIP: 91835TAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9895000 | PA      | $9127390.43   | 1.27%             | 2037-01-18      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| COMM 2014-CCRE15 MTG TR                                              | COMM 2014-CCRE15 D MTG TR CSTR 02/10/2047 144A                                             | CUSIP: 12591RAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060000 | PA      | $1002964.58   | 0.14%             | 2047-02-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10                       | BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10 3% 06/15/2049 144A                          | CUSIP: 06054MAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726000 | PA      | $558079.98    | 0.08%             | 2049-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2018-AON                           | J P MORGAN CHASE COML MTG SECS TR 2018-AON-F 4.6132% 07/05/2031 144A                       | CUSIP: 46649XAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2150000 | PA      | $1734653.11   | 0.24%             | 2031-07-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2021 MORTGAGE TRUST                                        | BENCHMARK 2021 MORTGAGE TRUST CSTR 04/15/2054 144A                                         | CUSIP: 08163DBX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6055000 | PA      | $4199780.70   | 0.58%             | 2054-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                         | Fidelity Cash Central Fund                                                                 | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  51224081 | NS      | $51234325.91  | 7.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CRSNT TR 2021-MOON                                                   | CRSNT TR 2021-MOON G 1ML+450 04/15/2036 144A                                               | CUSIP: 22877LAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    493000 | PA      | $437255.55    | 0.06%             | 2036-04-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| COMM 2012-CCRE2 MTG TR                                               | COMM 2012-CR2 F 4.25% 8/45                                                                 | CUSIP: 12624KBA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7162000 | PA      | $5345989.67   | 0.74%             | 2045-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                          | JP MORGAN CH CMS 13-LC11 D CSTR 04/15/2046                                                 | CUSIP: 46639YAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3677000 | PA      | $3051575.39   | 0.42%             | 2046-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMCC 2021-MHC                                                       | JPMCC 2021-MHC E 1ML+245 04/15/2038 144A                                                   | CUSIP: 466330AN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3060000 | PA      | $2875777.29   | 0.40%             | 2038-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK26                                                      | BANK 2020-BNK26 2.5% 03/15/2063 144A                                                       | CUSIP: 06540JAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1269000 | PA      | $807901.49    | 0.11%             | 2063-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SG COML MTG SECS TR 2020-COVE                                        | SG COMMERCIAL MORTGAGE SECURITIES TRUST 2020-COVE F CSTR 03/15/2037 144A                   | CUSIP: 78397FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3855000 | PA      | $3299322.18   | 0.46%             | 2037-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                       | FNW 2002-W6 3B4 CSTR 1/42                                                                  | CUSIP: 31392DH39<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |     20064 | PA      | $1736.91      | 0.00%             | 2042-01-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| COMM 2012-CCRE2 MTG TR                                               | COMM 2012-CR2 E CSTR 8/45                                                                  | CUSIP: 12624KAY2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5385400 | PA      | $4558470.75   | 0.63%             | 2045-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C5                                            | WFRBS 2011-C5 E CSTR 11/44                                                                 | CUSIP: 92936JAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1727064 | PA      | $1640710.52   | 0.23%             | 2044-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MSCCG TR 2018-SELF                                                   | MSCCG TR 2018-SELF 1ML+305 10/15/2037 144A                                                 | CUSIP: 55358PAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    935805 | PA      | $877313.01    | 0.12%             | 2037-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                            | WFRBS 2011-C4 E 5.248784% 6/44                                                             | CUSIP: 92936CAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1274000 | PA      | $1020062.24   | 0.14%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS 2016-ETC MTG TR                                                | BBCMS 2016-ETC D CSTR 08/14/36 144A                                                        | CUSIP: 05491LAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1749000 | PA      | $1395465.36   | 0.19%             | 2036-08-14      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC42                                             | GS MTG SECS TR 2019-GC42 2.8% 09/01/2052 144A                                              | CUSIP: 36257UAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2519000 | PA      | $1597833.94   | 0.22%             | 2052-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMM 2012-CCRE1 MTG TR                                               | COMM 2012-CCRE1 G 2.462% 05/15/2045 144A                                                   | CUSIP: 12624BAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2322000 | PA      | $648106.66    | 0.09%             | 2045-05-15      | Fixed         | 0.02%                 | No            |                  3 | On Loan: No      |
| GS MTG SECS TR 2019-GC39                                             | GS MTG SECS TR 2019-GC39 D 3% 05/10/2052 144A                                              | CUSIP: 36260JAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2830000 | PA      | $1960041.59   | 0.27%             | 2052-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP2                                                   | SREIT TR 2021-MFP2 1ML+391.55 11/15/2036 144A                                              | CUSIP: 85236WCU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1803000 | PA      | $1657213.21   | 0.23%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2020                      | JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2020-COR7 D 1.75% 05/13/2053 144A               | CUSIP: 46652JAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1535000 | PA      | $908811.95    | 0.13%             | 2053-05-13      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2021-CIP                                              | BX COML MTG TR 2021-CIP 1ML+397.69 11/15/2036 144A                                         | CUSIP: 12434FAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2187000 | PA      | $1886255.57   | 0.26%             | 2038-12-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SOHO CHINA ABS 2021                                                  | SOHO CHINA ABS 2021-SOHO D 2.78648% 08/10/2028 144A                                        | CUSIP: 83410JAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2499000 | PA      | $1670240.14   | 0.23%             | 2038-08-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BX 2021-VOLT                                                         | BX 2021-VOLT G 1ML+295 09/15/2023 144A                                                     | CUSIP: 05609VAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2448000 | PA      | $2237105.29   | 0.31%             | 2036-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST 2019                                              | CPT MORTGAGE TRUST 2019 CSTR 11/13/2039 144A                                               | CUSIP: 12654YAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1785000 | PA      | $1213280.74   | 0.17%             | 2039-11-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2019-GC41                                      | CITIGROUP COML MTG TR 2019-GC41 D 3% 08/10/2056 144A                                       | CUSIP: 17328FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2273000 | PA      | $1520752.92   | 0.21%             | 2056-08-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                            | CAESARS ENTERTAINMENT INC 6.25% 07/01/2025 144A                                            | CUSIP: 28470RAH5<br>LEI: 5299000BKFWWVND5L441 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1670231.19   | 0.23%             | 2025-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KNDR 2021-KIND F                                                     | KNDR 2021-KIND F 1ML+405 08/15/2026 144A                                                   | CUSIP: 482606AS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4439911 | PA      | $3919395.58   | 0.54%             | 2038-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B18 MORTGAGE TRUST                                    | BENCHMARK 2020-B18 MORTGAGE TRUST 4.534% 07/15/2053 144A                                   | CUSIP: 08163ABT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4074000 | PA      | $3279877.99   | 0.46%             | 2053-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-EXCL                                                   | BX TRUST 2019-IMC G 1ML+360 04/15/2034 144A                                                | CUSIP: 05608BAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3255000 | PA      | $2995943.34   | 0.42%             | 2034-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2019                                          | JPMDB COML MTG SECS TR 2019 2.5% 11/13/2052 144A                                           | CUSIP: 48129RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1354000 | PA      | $907124.22    | 0.13%             | 2052-11-13      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE                                         | BARCLAYS COMMERCIAL MORTGAGE 2019-C5 E 2.5% 11/15/2052 144A                                | CUSIP: 05492JAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2545000 | PA      | $1554734.39   | 0.22%             | 2052-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TR                                                       | RLJ LODGING TR SER A PC 1.95% PERP                                                         | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     70550 | NS      | $1742585.00   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                      | BX TR 2022-LBA6 TSFR1M+160 01/15/2039 144A                                                 | CUSIP: 12433EAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1456000 | PA      | $1358648.20   | 0.19%             | 2039-01-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR RE CDO 05-1 LTD COR                                       | CTCDO 2005-1A D 1ML+150 3/50                                                               | CUSIP: 140558AD9<br>LEI: 549300EO21RSSTCI1873 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $75.00        | 0.00%             | 2050-03-20      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| PROGRESS RESIDENTIAL 2020-SFR1 TR                                    | PROGRESS RESIDENTIAL 2020-SFR1 TR 4.028% 04/17/2037 144A                                   | CUSIP: 74331CAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1638000 | PA      | $1481537.75   | 0.21%             | 2037-04-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2022-GC48                                      | CITIGROUP COML MTG TR 2022-GC48 2.5% 06/15/2055 144A                                       | CUSIP: 29426VAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3129000 | PA      | $1806788.48   | 0.25%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2018-TECH                                   | NATIXIS COML MTG SECS TR 2018 1ML+300 11/15/2034 144A                                      | CUSIP: 63874LAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96000 | PA      | $90106.28     | 0.01%             | 2034-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CSMC 2018-SITX                                                       | CSMC 2019-UVIL E CSTR 12/15/2041 144A                                                      | CUSIP: 12656DAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2289000 | PA      | $1521816.70   | 0.21%             | 2041-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                           | JPMDB 2015-WPG PR2 CSTR 06/35                                                              | CUSIP: 92939VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4354000 | PA      | $3230143.78   | 0.45%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES 2020                                           | TRICON AMERICAN HOMES 2020 4.882% 07/17/2038 144A                                          | CUSIP: 89613GAF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    574000 | PA      | $507537.06    | 0.07%             | 2038-07-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AGELLAN PORTFOLIO                                                    | AGELLAN PORTFOLIO MEZZ 9% 08/07/2025                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    908000 | PA      | $908000.00    | 0.13%             | 2025-08-07      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| INTOWN 2022-STAY MTG TR                                              | INTOWN 2022-STAY MTG TR TSFR1M+503.14 08/15/2037 144A                                      | CUSIP: 46117NAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1623000 | PA      | $1571331.80   | 0.22%             | 2039-08-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020                             | CITIGROUP COMMERCIAL MORTGAGE TRUST 2020- 420K E CSTR 11/10/2042 144A                      | CUSIP: 17328QAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2081000 | PA      | $1463122.80   | 0.20%             | 2042-11-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2016-NXS6                                    | WELLS FARGO COML MTG TR 2016-NXS6 D 3.059% 11/15/2049 144A                                 | CUSIP: 95000KAJ4<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   4250000 | PA      | $3217004.35   | 0.45%             | 2049-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| JPMBB COML MTG SECS TR 2015-C32                                      | JPMBB COML MTG SECS TR 2015-C32 C CSTR 11/15/2048                                          | CUSIP: 46590JBC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1085431.35   | 0.15%             | 2048-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BX TR 2021-ARIA                                                      | BX TR 2021-ARIA G 1ML+320 10/15/2036 144A                                                  | CUSIP: 05608RAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2164606.50   | 0.30%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX 2021-MFM1                                                         | BX 2021-MFM1 1ML+300 01/15/2034 144A                                                       | CUSIP: 05608VAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    834000 | PA      | $770663.54    | 0.11%             | 2034-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2019                                          | JPMDB COML MTG SECS 2019 CORE6 E 2.5% 11/13/2052 144A                                      | CUSIP: 48129RAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2582000 | PA      | $1611068.33   | 0.22%             | 2052-11-13      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMM 2013-LC6 MTG TR                                                 | COMM 2013-LC6 E MTG TR 3.5% 01/10/2046 144A                                                | CUSIP: 20048EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2840000 | PA      | $2430581.34   | 0.34%             | 2046-01-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                       | FNW 2002-W1 3B3 CSTR 2/42                                                                  | CUSIP: 31392CMZ4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |     24704 | PA      | $5459.53      | 0.00%             | 2042-02-25      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| AMERICAN TOWER CORP                                                  | AMERICAN TOWER CORP 4.05% 03/15/2032                                                       | CUSIP: 03027XBW9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1623050.95   | 0.23%             | 2032-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                | BBCMS MTG TR 2022-C17 D 2.5% 09/15/2055 144A                                               | CUSIP: 054976AR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $701217.00    | 0.10%             | 2055-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2018-B6 MORTGAGE TRUST                                     | BENCHMARK 2018-B6 D MORTGAGE TRUST CSTR 11/10/2051 144A                                    | CUSIP: 08162CAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1877000 | PA      | $1355771.18   | 0.19%             | 2051-10-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                      | MSC 2011-C3 E CSTR 7/15/49 144A                                                            | CUSIP: 61760RAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2610000 | PA      | $2306733.14   | 0.32%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| ILPT COML MTG TR 2022-LPF2                                           | ILPT COML MTG TR 2022-LPF2 E TSFR1M+594 10/15/2039 144A                                    | CUSIP: 449652AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2058000 | PA      | $2027863.47   | 0.28%             | 2039-10-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B18 MORTGAGE TRUST                                    | BENCHMARK 2020-B18 MORTGAGE TRUST 2.25% 07/15/2053 144A                                    | CUSIP: 08163AAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $938211.00    | 0.13%             | 2053-07-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BANK OF AMER MERRILL LYNCH COML MTG TR 2017-BNK3                     | BACM 2017-BNK3 D 3.25% 02/15/2050 144A                                                     | CUSIP: 06427DAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2201000 | PA      | $1659930.81   | 0.23%             | 2050-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2017-C33                     | MORGAN STANLEY BK AMER MERRILL LYNCH TR 2017-C33 3.356% 05/15/2050 144A                    | CUSIP: 61767CAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2932000 | PA      | $2191111.45   | 0.30%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MKT 2020-525M MTG TR                                                 | MKT 2020-525M MTG TR CSTR 02/12/2040 144A                                                  | CUSIP: 55316PAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1976000 | PA      | $1082011.16   | 0.15%             | 2040-02-12      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                              | GSMS 2011-GC5 E CSTR 8/44                                                                  | CUSIP: 36191YAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2432000 | PA      | $209655.67    | 0.03%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| HILTON USA TR 2016-HHV                                               | HILTON USA TR 2016-HHV VAR 11/05/2038 144A                                                 | CUSIP: 43300LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3079000 | PA      | $2634148.85   | 0.37%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DIAMOND INFRASTRUCTURE FUNDING LLC                                   | DIAMOND INFRASTRUCTURE FUNDING LLC 3.475% 04/15/2049 144A                                  | CUSIP: 25265LAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    859000 | PA      | $665274.20    | 0.09%             | 2049-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2012-C4                                      | MSC 2012-C4 D 5.711069 3/45                                                                | CUSIP: 61760VAE3<br>LEI: 5493005SNWQW3UUOQX45 | Long             | ABS-MBS          | CORP              | US        |    888566 | PA      | $821916.10    | 0.11%             | 2045-03-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE PLACE GROUP LTD PARTNERSHIP                               | PPGLP 2000-C1 A2 7.75% 7/28                                                                | CUSIP: 743784AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1557513 | PA      | $1598621.55   | 0.22%             | 2028-07-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2018-MP                                      | MORGAN STANLEY CAP I TR 2018-MP VAR 07/11/2040 144A                                        | CUSIP: 61691DAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2499000 | PA      | $1794651.10   | 0.25%             | 2040-07-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C3                                            | WFRBS 2011-C3 E 5% 3/44                                                                    | CUSIP: 92935VAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1258000 | PA      | $6290.00      | 0.00%             | 2044-03-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                              | DIGITALBRIDGE GROUP INC 7.15% SER I PERP PFD                                               | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     71600 | NS      | $1351092.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MERIT SECURITIES CORP                                                | MESC 13 M1 VAR 12/33                                                                       | CUSIP: 589962CV9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    591296 | PA      | $580726.17    | 0.08%             | 2033-12-28      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2019-GC41                                      | CITIGROUP COML MTG TR 2019-GC41 E 3% 08/10/2056 144A                                       | CUSIP: 17328FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1848000 | PA      | $1177625.06   | 0.16%             | 2056-08-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2018-BNK12                                                      | BANK 2018-BNK12 D 3% 05/15/2061 144A                                                       | CUSIP: 06541KAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2082000 | PA      | $1409436.97   | 0.20%             | 2061-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MHC TR 2021-MHC2                                                     | MHC TR 2021-MHC2 1ML+240 05/15/2023 144A                                                   | CUSIP: 55293AAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3850000 | PA      | $3541104.11   | 0.49%             | 2038-05-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                     | MORGAN STANLEY CAP I TR 2015 4.163% 5/15/48                                                | CUSIP: 61765DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4300000 | PA      | $3535952.35   | 0.49%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-C8 COML MTG TR                                            | CSAIL 2017-C8 COML MTG TR 4.47% 06/15/2050 144A                                            | CUSIP: 12595BAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3902000 | PA      | $2855844.93   | 0.40%             | 2050-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C5                                            | WFRBS COML MTG TR 2011-C5 F CSTR VAR 11/15/2044 144A                                       | CUSIP: 92936JAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3930000 | PA      | $3576610.86   | 0.50%             | 2044-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD3 MTG TR                                                   | CD 2017-CD3 D 3.25% 02/10/2050 144A                                                        | CUSIP: 12515GAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4073000 | PA      | $2708086.79   | 0.38%             | 2050-02-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C13                     | MSBAM 2013-C13 E CSTR 11/15/46 144A                                                        | CUSIP: 61763BAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1666000 | PA      | $1426183.80   | 0.20%             | 2046-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN FIN TR FINAN OP                                             | AMERICAN FIN TR FINAN OP 4.5% 09/30/2028 144A                                              | CUSIP: 02608AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3195000 | PA      | $2444175.00   | 0.34%             | 2028-09-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                              | UBSCM 2012-C1 E CSTR 05/45                                                                 | CUSIP: 90269GAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1911000 | PA      | $745290.00    | 0.10%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| CREST DARTMOUTH STR 03 1 LTD                                         | CRST DRTMTH ST 2003-1 0% PFD 144A                                                          | CUSIP: 226065209<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |   3100000 | NS      | $310.00       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WFCM 2022                                                            | WFCM 2022 2.5% 04/15/2055 144A                                                             | CUSIP: 95003MBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2352000 | PA      | $1342935.79   | 0.19%             | 2055-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK27                                                      | BANK 2020-BNK27 2.5% 04/15/2063 144A                                                       | CUSIP: 06539YAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    921000 | PA      | $594812.38    | 0.08%             | 2063-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TPGI 2021-DGWD G                                                     | TPGI 2021-DGWD G 1ML+380 06/15/2026 144A                                                   | CUSIP: 87267HAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1008000 | PA      | $927702.62    | 0.13%             | 2026-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B20 MTG TR                                            | BENCHMARK 2020-B20 E 2% 10/15/2053 144A                                                    | CUSIP: 08162XAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2100000 | PA      | $1158513.09   | 0.16%             | 2053-10-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-CX9 COML MTG TR                                           | CSAIL 2017-CX9 D CSTR 09/15/2050 144A                                                      | CUSIP: 12595FAP7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1615000 | PA      | $1205560.84   | 0.17%             | 2050-09-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CYXTERA TECHNOLOGIES INC                                             | CYXTERA TECHNOLOGIES INC A                                                                 | CUSIP: 23284C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92200 | NS      | $180712.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2016-C30                     | MORGAN STANLEY BK AMER MERRILL LYNCH TR 2016-C30 D 3% 09/15/2049 144A                      | CUSIP: 61766NAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    798000 | PA      | $514403.01    | 0.07%             | 2049-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DC OFFICE TRUST 2019                                                 | DC OFFICE TRUST 2019-MTC E CSTR 12/31/2049 144A                                            | CUSIP: 23312BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1029000 | PA      | $677965.29    | 0.09%             | 2045-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST 2019                                              | CPT MORTGAGE TRUST 2019-CPT F CSTR 11/13/2039 144A                                         | CUSIP: 12654YAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2772000 | PA      | $1778176.18   | 0.25%             | 2039-11-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2020-VIVA                                             | BX COML MTG TR 2020-VIVA CSTR 03/09/2044 144A                                              | CUSIP: 12433XAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9422000 | PA      | $6909741.48   | 0.96%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CWMBS REPERFORMING LN REMIC TR                                       | CWHL 2003-R1 2B4 CSTR 2/43                                                                 | CUSIP: 12669UBR0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     27816 | PA      | $3616.45      | 0.00%             | 2043-02-25      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| BAMLL COML MTG SECS TR 2015-200P                                     | BAMLL COML MTG SECS TR 15-200P CSTR 04/14/2033 144A                                        | CUSIP: 05526QAN6<br>LEI: 549300UQK6PJ8BF5JQ90 | Long             | ABS-MBS          | CORP              | US        |   2588000 | PA      | $2105548.15   | 0.29%             | 2033-04-14      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COMM 2014-CCRE17 MTG TR                                              | COMM 2014-CCRE17 E CSTR 05/10/2047 144A                                                    | CUSIP: 12631DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    589000 | PA      | $395243.80    | 0.05%             | 2047-05-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                      | MORGAN STANLEY CAP I TR 2011-C3 F CSTR 07/15/2049 144A                                     | CUSIP: 61760RAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    984000 | PA      | $655836.59    | 0.09%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| ISTAR INC                                                            | ISTAR INC 7.65 SER G PERP PFD                                                              | CUSIP: 45031U705<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EP               | CORP              | US        |     20700 | NS      | $509427.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MHP 2022-MHIL MEZZ                                                   | MHP 2022-MHIL MEZZ SOFR+500 01/09/2024                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4858250 | PA      | $4615337.50   | 0.64%             | 2024-01-09      | Variable      | 0.08%                 | No            |                  3 | On Loan: No      |
| COMM 2012-CCRE2 MTG TR                                               | COMM 2012-CR2 D CSTR 8/45                                                                  | CUSIP: 12624KAW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    789000 | PA      | $732981.00    | 0.10%             | 2045-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B35 MTG TR                                            | BENCHMARK 2022-B35 MTG TR 2.5% 05/15/2055 144A                                             | CUSIP: 08163RAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3003000 | PA      | $1734086.55   | 0.24%             | 2055-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                             | PKHL COML MTG TR 2021-MF F 1ML+310 07/15/2038 144A                                         | CUSIP: 69356GAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2225000 | PA      | $1994330.91   | 0.28%             | 2038-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2019                                             | GS MTG SECS CORP TR 2019 3% 07/10/2052 144A                                                | CUSIP: 36257HAA4<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |   2079000 | PA      | $1454044.28   | 0.20%             | 2052-07-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BN30                                                       | BANK 2020-BN30 2.5% 12/15/2053 144A                                                        | CUSIP: 06541UAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735000 | PA      | $405960.12    | 0.06%             | 2053-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC          | UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A                                                 | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2395000 | PA      | $1728088.30   | 0.24%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BXP TR 2021-601L                                                     | BXP TR 2021-601L VAR 01/15/2044 144A                                                       | CUSIP: 05607TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    709000 | PA      | $412707.69    | 0.06%             | 2044-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2022-GC48                                      | CITIGROUP COML MTG TR 2022-GC48 2.5% 06/15/2055 144A                                       | CUSIP: 29426VAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2562000 | PA      | $1345609.80   | 0.19%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| JPMBB COML MTG SECS TR 2014-C23                                      | JPMBB 2014-C23 UH5 4.7094% 09/15/2047 144A                                                 | CUSIP: 46643AAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    604000 | PA      | $443504.21    | 0.06%             | 2047-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MERIT 2021                                                           | MHP 2021-STOR J 1ML+395 07/15/2038 144A                                                    | CUSIP: 55293BAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458000 | PA      | $410933.95    | 0.06%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BXSC 2022-WSS F                                                      | BXSC 2022-WSS F 5.579% 03/15/2035 144A                                                     | CUSIP: 05610BAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2283000 | PA      | $2117086.63   | 0.29%             | 2035-03-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| FRANKLIN BSP REALTY TRUST INC/DUPE                                   | FRANKLIN BSP RE 7.5% PFD PERP                                                              | CUSIP: 35243J200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     87175 | NS      | $1638018.25   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                           | REALOGY GROUP LLC / REALOGY CO-ISSUER CORP 5.75% 01/15/2029 144A                           | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $294043.75    | 0.04%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BAMLL COML MTG SECS TR 2019-RLJ                                      | BAMLL COML MTG SECS TR 2019-RLJ 1ML+195 04/15/2036 144A                                    | CUSIP: 05492HAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4028000 | PA      | $3850645.55   | 0.54%             | 2036-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| JPMBB COML MTG SECS TR 2014-C26                                      | JPMBB 2014-C26 D CSTR 01/15/2048 144A                                                      | CUSIP: 46643TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2329000 | PA      | $1966580.12   | 0.27%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                      | MSC 2011-C2 D CSTR 6/44                                                                    | CUSIP: 617459AJ1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   3951280 | PA      | $3711913.05   | 0.52%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2019-GC43                                      | CITIGROUP COML MTG TR 2019-GC43 3% 11/10/2052 144A                                         | CUSIP: 17328HAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2772000 | PA      | $1768989.50   | 0.25%             | 2052-11-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2020-GC47                                             | GS MTG SECS TR 2020-GC47 D CSTR 05/12/2053 144A                                            | CUSIP: 36258RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756000 | PA      | $528832.81    | 0.07%             | 2053-05-12      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2021 MORTGAGE TRUST                                        | BENCHMARK MORTGAGE TRUST 2021-B25 300E CSTR 04/15/2054 144A                                | CUSIP: 08163DBZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1113000 | PA      | $751350.02    | 0.10%             | 2054-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                      | BANK 2022-BNK42 E 2.5% 06/15/2055 144A                                                     | CUSIP: 06541MAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1302000 | PA      | $694305.82    | 0.10%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                     | STWD TR 2021-LIH 1ML+355.1 11/15/2036 144A                                                 | CUSIP: 78486EAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2285260.75   | 0.32%             | 2036-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                                              | DIGITALBRIDGE GROUP INC SER H 7.125% PERP PFD                                              | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     59229 | NS      | $1102843.98   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6                      | MORGAN STAN BAML TR-2012-C6 VAR 11/15/2045 144A                                            | CUSIP: 61761DAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3633000 | PA      | $3353015.59   | 0.47%             | 2045-11-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| CSMC 2020-NET                                                        | CSMC 2020-NET F CSTR 08/15/2037 144A                                                       | CUSIP: 126438AN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    918000 | PA      | $797704.45    | 0.11%             | 2037-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2012-C7                                            | WFRBS 2012-C7 E CSTR 6/45                                                                  | CUSIP: 92936TAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1461203 | PA      | $111635.87    | 0.02%             | 2045-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK43                                                      | BANK 2022-BNK43 D 3% 08/15/2055 144A                                                       | CUSIP: 06541QAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2614000 | PA      | $1563375.89   | 0.22%             | 2055-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DIAMONDROCK HOSPITALITY CO                                           | DIAMONDROCK HOSPITALITY CO 8.25% PFD PERP                                                  | CUSIP: 252784400<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EP               | CORP              | US        |     25800 | NS      | $637260.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COLOGIX DATA CTRS US ISSUER LLC / COLOGIX DATA CTRS US CO-ISSUER LLC | COLOGIX DATA CTRS US ISSUER LLC / COLOGIX DATA CTRS US CO-ISSUER LLC 5.99% 12/26/2051 144A | CUSIP: 19521UAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1257543.15   | 0.17%             | 2051-12-26      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I INC                                             | MSC 1998-CF1 G 7.35% 7/32                                                                  | CUSIP: 61745MHW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10678 | PA      | $10558.00     | 0.00%             | 2032-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SLG OFFICE TR 2021-OVA                                               | SLG OFFICE TR 2021-OVA 2.85061% 07/15/2041 144A                                            | CUSIP: 78449RAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8069000 | PA      | $4997850.65   | 0.69%             | 2041-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                      | MSC 2011-C2 F CSTR 6/44                                                                    | CUSIP: 617459AL6<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   3015000 | PA      | $1942083.61   | 0.27%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST 2018-C8                                | UBS COMMERCIAL MORTGAGE TRUST 2018-C8 CSTR 02/15/2051                                      | CUSIP: 90276VAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756000 | PA      | $653560.94    | 0.09%             | 2051-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer