# EDGAR Filing Document

**Accession Number:** 0001742952
**File Stem:** 0001193125-25-299783
**Filing Date:** 2025-11
**Character Count:** 153905
**Document Hash:** afc956269ba81f0509aa6e34e421735c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-299783.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001193125-25-299783

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** John Hancock GA Mortgage Trust
- **CENTRAL INDEX KEY:** 0001742952

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23418
- **FILM NUMBER:** 251527931

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** (617) 663-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

## Nport-Ex

John Hancock GA Mortgage Trust<br> Portfolio of investments 9-30-25 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Commercial mortgage loans (A) 95.4%** |  |  |  | &nbsp;&nbsp;**$2301769279** |
| (Cost $2,441,331,319) |  |  |  |  |
| **Industrial 13.7%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**330839681** |
| 1419 Potrero LLC | &nbsp;&nbsp;3.660 | &nbsp;&nbsp;09-01-30 | 5216612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4754744 |
| 183rd La Palma Investors | &nbsp;&nbsp;5.510 | &nbsp;&nbsp;10-01-34 | 9800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10185767 |
| 701 Cottontail Lane Associates LLC | &nbsp;&nbsp;3.680 | &nbsp;&nbsp;04-01-46 | 3973437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3268704 |
| Accord/Pac Members LLC | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;09-01-40 | 7301392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6210915 |
| American Fork OW LLC | &nbsp;&nbsp;2.900 | &nbsp;&nbsp;02-10-36 | 5191324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4303987 |
| Arow Fremont Boulevard LLC | &nbsp;&nbsp;4.420 | &nbsp;&nbsp;11-05-27 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5009155 |
| Artesia Capital II LLC | &nbsp;&nbsp;2.470 | &nbsp;&nbsp;01-01-29 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4708260 |
| Bel Bridgeport LLC | &nbsp;&nbsp;2.840 | &nbsp;&nbsp;03-01-29 | 19300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18171490 |
| Bel Statesville LP | &nbsp;&nbsp;5.870 | &nbsp;&nbsp;07-01-35 | 23300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24187078 |
| Colt Street Partners LLC | &nbsp;&nbsp;3.290 | &nbsp;&nbsp;01-01-35 | 9237743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8114859 |
| Commerce Industrial Park LLC | &nbsp;&nbsp;2.750 | &nbsp;&nbsp;12-01-31 | 15000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13328745 |
| DNP Regio LLC | &nbsp;&nbsp;3.110 | &nbsp;&nbsp;10-01-36 | 11449360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9458626 |
| GWL 11 Constitution LLC | &nbsp;&nbsp;5.650 | &nbsp;&nbsp;05-01-35 | 8300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8512945 |
| Harborgate LLC | &nbsp;&nbsp;2.610 | &nbsp;&nbsp;01-01-31 | 8909270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8010734 |
| Industry West Commerce Center LLC | &nbsp;&nbsp;2.810 | &nbsp;&nbsp;03-01-41 | 8980915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7061397 |
| Injans Investments GP | &nbsp;&nbsp;5.510 | &nbsp;&nbsp;10-01-34 | 3400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3515889 |
| Macaw Phoebe Investors | &nbsp;&nbsp;5.510 | &nbsp;&nbsp;09-01-35 | 6600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6811906 |
| Monro Ponderosa LLC | &nbsp;&nbsp;5.430 | &nbsp;&nbsp;07-01-35 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10114510 |
| Oltmans Investment Company LLC | &nbsp;&nbsp;5.510 | &nbsp;&nbsp;10-01-33 | 4300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4474920 |
| Orangewood Properties, Ltd. | &nbsp;&nbsp;2.940 | &nbsp;&nbsp;07-01-31 | 8600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7796941 |
| Phase 1A GLC 7 LLC and SLC Port Phase 1A LLC | &nbsp;&nbsp;5.830 | &nbsp;&nbsp;09-01-34 | 4936625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5131459 |
| Phase 2 GLC 2 LLC | &nbsp;&nbsp;5.780 | &nbsp;&nbsp;07-01-34 | 13396030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13927705 |
| Rancho San Marino Partners GP | &nbsp;&nbsp;5.510 | &nbsp;&nbsp;10-01-34 | 10200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10599820 |
| Rehco Loan LLC | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;11-01-51 | 4765564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3606112 |
| Rep 2035 LLC | &nbsp;&nbsp;3.260 | &nbsp;&nbsp;12-01-35 | 16038303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13232803 |
| Rep A 2033 LLC | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;10-01-33 | 18800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19881075 |
| RLIF International Parkway SPE LLC | &nbsp;&nbsp;2.890 | &nbsp;&nbsp;12-01-33 | 11100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9462606 |
| Roderick Catalyst 5 LLC | &nbsp;&nbsp;5.600 | &nbsp;&nbsp;05-01-44 | 5402096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5413257 |
| S/K 53 Brunswick Associates LLC | &nbsp;&nbsp;3.160 | &nbsp;&nbsp;04-01-31 | 5883661 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5274596 |
| SLI III LLC | &nbsp;&nbsp;6.490 | &nbsp;&nbsp;01-01-34 | 4021784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4363471 |
| St. Mark Property LLC | &nbsp;&nbsp;5.810 | &nbsp;&nbsp;09-01-36 | 39491119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40641653 |
| Warehouse Associates Corp. Centre Shepherd, Ltd. | &nbsp;&nbsp;3.140 | &nbsp;&nbsp;02-01-31 | 8229993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7399924 |
| Weeks Pierce Holdings LLC | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;06-01-35 | 7973610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8152235 |
| West Valley Properties, Inc. | &nbsp;&nbsp;2.780 | &nbsp;&nbsp;12-01-36 | 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5586042 |
| Willow Creek Court LLC | &nbsp;&nbsp;4.530 | &nbsp;&nbsp;07-01-52 | 6910130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6008904 |
| WPC Triad LLC | &nbsp;&nbsp;2.960 | &nbsp;&nbsp;04-01-31 | 4661529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4156447 |
| **Multifamily 36.3%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**876372696** |
| 11 West Partners LLC | &nbsp;&nbsp;3.770 | &nbsp;&nbsp;05-01-32 | 9363958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8681915 |
| 257 Ridgewood Ave LLC | &nbsp;&nbsp;3.560 | &nbsp;&nbsp;04-01-32 | 10020886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9284121 |
| 34th St. South LLC | &nbsp;&nbsp;5.840 | &nbsp;&nbsp;12-01-34 | 27500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28297528 |
| 440 West End Apartments Corp. | &nbsp;&nbsp;5.760 | &nbsp;&nbsp;03-01-35 | 5200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5422139 |
| 5021 St. LLC | &nbsp;&nbsp;4.390 | &nbsp;&nbsp;09-01-40 | 30386199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29038632 |
| 655 Kelton LLC | &nbsp;&nbsp;2.270 | &nbsp;&nbsp;04-01-31 | 4637882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4126820 |
| 801 West End Avenue Corp. | &nbsp;&nbsp;2.440 | &nbsp;&nbsp;04-01-31 | 5500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4861626 |
| 955 995 Stewart Drive LLC | &nbsp;&nbsp;2.360 | &nbsp;&nbsp;01-01-32 | 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17643560 |
| Americana Lakewood V LLC | &nbsp;&nbsp;3.110 | &nbsp;&nbsp;09-01-32 | 17500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16048375 |

---

See notes to Portfolio of investments

------

John Hancock GA Mortgage Trust<br> Portfolio of investments 9-30-25 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Multifamily (continued)** |  |  |  |  |
| Americana on the River LLC | &nbsp;&nbsp;2.970 | &nbsp;&nbsp;05-01-36 | 5064667 | &nbsp;&nbsp;$4241947 |
| Arboretum LLC | &nbsp;&nbsp;2.800 | &nbsp;&nbsp;01-01-29 | 5900000 | &nbsp;&nbsp;&nbsp;&nbsp;5565016 |
| Aventura at Mid Rivers LLC | &nbsp;&nbsp;2.390 | &nbsp;&nbsp;02-01-31 | 4180778 | &nbsp;&nbsp;&nbsp;&nbsp;3773850 |
| Aventura at Richmond LLC | &nbsp;&nbsp;2.210 | &nbsp;&nbsp;01-01-31 | 3626316 | &nbsp;&nbsp;&nbsp;&nbsp;3266045 |
| Avondale Siesta Pointe Apartments LP | &nbsp;&nbsp;2.550 | &nbsp;&nbsp;03-01-33 | 3218878 | &nbsp;&nbsp;&nbsp;&nbsp;2788292 |
| Bandicoot LLC | &nbsp;&nbsp;2.950 | &nbsp;&nbsp;06-01-30 | 15000000 | &nbsp;&nbsp;13832205 |
| Bayshore Village, Ltd. | &nbsp;&nbsp;5.650 | &nbsp;&nbsp;07-01-35 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;5149615 |
| Berkshire Apartments LLC | &nbsp;&nbsp;2.660 | &nbsp;&nbsp;03-01-46 | 5364997 | &nbsp;&nbsp;&nbsp;&nbsp;4255591 |
| BGN Properties Covina Palms LP | &nbsp;&nbsp;5.630 | &nbsp;&nbsp;09-01-34 | 4905973 | &nbsp;&nbsp;&nbsp;&nbsp;5103071 |
| BGN Properties Palm Gate LP | &nbsp;&nbsp;2.860 | &nbsp;&nbsp;06-01-32 | 7000000 | &nbsp;&nbsp;&nbsp;&nbsp;6229027 |
| Bigos Cedars Lakeside LLC | &nbsp;&nbsp;2.530 | &nbsp;&nbsp;11-01-31 | 6400000 | &nbsp;&nbsp;&nbsp;&nbsp;5680198 |
| Bref-Masters Cove LLC | &nbsp;&nbsp;3.070 | &nbsp;&nbsp;06-01-29 | 6068892 | &nbsp;&nbsp;&nbsp;&nbsp;5724774 |
| BW Logan LLC | &nbsp;&nbsp;6.370 | &nbsp;&nbsp;04-01-28 | 1451877 | &nbsp;&nbsp;&nbsp;&nbsp;1491589 |
| Capri Apartments LLC | &nbsp;&nbsp;3.360 | &nbsp;&nbsp;04-01-30 | 6500000 | &nbsp;&nbsp;&nbsp;&nbsp;6108200 |
| Castlewood Associates LLC | &nbsp;&nbsp;2.870 | &nbsp;&nbsp;04-01-31 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;4530330 |
| Caton House Apartments LLC | &nbsp;&nbsp;2.740 | &nbsp;&nbsp;09-01-36 | 3636449 | &nbsp;&nbsp;&nbsp;&nbsp;3015300 |
| Cavalier Apartments Partnership | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;11-01-34 | 2700000 | &nbsp;&nbsp;&nbsp;&nbsp;2748948 |
| Chandler Property Development Associates LP | &nbsp;&nbsp;2.550 | &nbsp;&nbsp;03-01-33 | 6974234 | &nbsp;&nbsp;&nbsp;&nbsp;6041298 |
| Chimney Top LLC | &nbsp;&nbsp;2.910 | &nbsp;&nbsp;02-01-29 | 6800000 | &nbsp;&nbsp;&nbsp;&nbsp;6405192 |
| Chimneys of Oak Creek LLC | &nbsp;&nbsp;5.530 | &nbsp;&nbsp;10-01-35 | 6300000 | &nbsp;&nbsp;&nbsp;&nbsp;6366339 |
| CJ's Pinemeadows Apartments LP | &nbsp;&nbsp;3.380 | &nbsp;&nbsp;07-01-41 | 9138434 | &nbsp;&nbsp;&nbsp;&nbsp;7588300 |
| CLAGB LLC | &nbsp;&nbsp;2.680 | &nbsp;&nbsp;02-01-36 | 5364484 | &nbsp;&nbsp;&nbsp;&nbsp;4418865 |
| Congressional Properties LP | &nbsp;&nbsp;3.210 | &nbsp;&nbsp;04-01-47 | 5434769 | &nbsp;&nbsp;&nbsp;&nbsp;4475261 |
| Copperstone Apartments LP | &nbsp;&nbsp;2.880 | &nbsp;&nbsp;04-01-39 | 4906453 | &nbsp;&nbsp;&nbsp;&nbsp;4290836 |
| CR Ballantyne LLC | &nbsp;&nbsp;3.290 | &nbsp;&nbsp;06-01-36 | 6200000 | &nbsp;&nbsp;&nbsp;&nbsp;5169988 |
| Creekside at Amherst Apartments LLC | &nbsp;&nbsp;3.380 | &nbsp;&nbsp;09-01-31 | 10463073 | &nbsp;&nbsp;&nbsp;&nbsp;9920897 |
| Creekwood Centre Denton LLC | &nbsp;&nbsp;3.400 | &nbsp;&nbsp;04-01-32 | 11000000 | &nbsp;&nbsp;10122002 |
| Crossing Company LP | &nbsp;&nbsp;2.780 | &nbsp;&nbsp;10-01-31 | 6600000 | &nbsp;&nbsp;&nbsp;&nbsp;5865677 |
| Draper Southpoint Apartments LLC | &nbsp;&nbsp;2.520 | &nbsp;&nbsp;04-01-31 | 5374499 | &nbsp;&nbsp;&nbsp;&nbsp;4792118 |
| DTN Waters House LLC | &nbsp;&nbsp;3.300 | &nbsp;&nbsp;08-01-31 | 4964107 | &nbsp;&nbsp;&nbsp;&nbsp;4507752 |
| Eastwood Apartments of Springdale LP | &nbsp;&nbsp;2.490 | &nbsp;&nbsp;01-01-36 | 2037944 | &nbsp;&nbsp;&nbsp;&nbsp;1801281 |
| Edgewater Park Real Estate Associates LLC | &nbsp;&nbsp;2.890 | &nbsp;&nbsp;08-01-36 | 8400000 | &nbsp;&nbsp;&nbsp;&nbsp;7140706 |
| Elizabeth Lake Estates LLC | &nbsp;&nbsp;2.920 | &nbsp;&nbsp;05-01-31 | 4699181 | &nbsp;&nbsp;&nbsp;&nbsp;4282626 |
| Fairgrounds Apartments LP | &nbsp;&nbsp;2.490 | &nbsp;&nbsp;01-01-36 | 2329079 | &nbsp;&nbsp;&nbsp;&nbsp;2062388 |
| Forest Meadows Villas, Ltd. | &nbsp;&nbsp;2.770 | &nbsp;&nbsp;12-01-35 | 1935375 | &nbsp;&nbsp;&nbsp;&nbsp;1647259 |
| Fountainview Terrace Apartments | &nbsp;&nbsp;2.900 | &nbsp;&nbsp;07-01-41 | 3764484 | &nbsp;&nbsp;&nbsp;&nbsp;3226117 |
| Four Seasons Apartments LLC | &nbsp;&nbsp;5.590 | &nbsp;&nbsp;03-01-29 | 5300000 | &nbsp;&nbsp;&nbsp;&nbsp;5454347 |
| FPACP3 Greenville LLC | &nbsp;&nbsp;3.440 | &nbsp;&nbsp;03-01-30 | 8950000 | &nbsp;&nbsp;&nbsp;&nbsp;8504084 |
| Fredwood LLLP | &nbsp;&nbsp;2.740 | &nbsp;&nbsp;09-01-36 | 3727360 | &nbsp;&nbsp;&nbsp;&nbsp;3102401 |
| Gadberry Courts LP | &nbsp;&nbsp;3.330 | &nbsp;&nbsp;05-01-32 | 6295132 | &nbsp;&nbsp;&nbsp;&nbsp;5701904 |
| Gateway MHP, Ltd. | &nbsp;&nbsp;3.950 | &nbsp;&nbsp;07-01-29 | 8784177 | &nbsp;&nbsp;&nbsp;&nbsp;8659758 |
| Georgetown Mews Owners Corp. | &nbsp;&nbsp;2.870 | &nbsp;&nbsp;01-01-36 | 6086805 | &nbsp;&nbsp;&nbsp;&nbsp;5158537 |
| Grande Apartments LP | &nbsp;&nbsp;3.380 | &nbsp;&nbsp;07-01-41 | 7950438 | &nbsp;&nbsp;&nbsp;&nbsp;6601821 |
| Greenhouse Apartments LP | &nbsp;&nbsp;3.380 | &nbsp;&nbsp;07-01-41 | 9138434 | &nbsp;&nbsp;&nbsp;&nbsp;7520749 |
| Harbor Breeze LP | &nbsp;&nbsp;2.400 | &nbsp;&nbsp;11-01-31 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;4392800 |
| Hudson Troy Towers Apartment Corp. | &nbsp;&nbsp;6.140 | &nbsp;&nbsp;11-01-28 | 7135702 | &nbsp;&nbsp;&nbsp;&nbsp;7470894 |
| Hunters Price LP | &nbsp;&nbsp;3.360 | &nbsp;&nbsp;04-01-32 | 11500000 | &nbsp;&nbsp;10472441 |
| JGK Garden Grove LP | &nbsp;&nbsp;2.790 | &nbsp;&nbsp;02-01-32 | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;3116351 |
| Kingswick Apartments LP | &nbsp;&nbsp;3.310 | &nbsp;&nbsp;04-01-42 | 12083361 | &nbsp;&nbsp;&nbsp;&nbsp;9971793 |

---

See notes to Portfolio of investments

------

John Hancock GA Mortgage Trust<br> Portfolio of investments 9-30-25 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Multifamily (continued)** |  |  |  |  |
| La Costa Vista LLC | &nbsp;&nbsp;2.610 | &nbsp;&nbsp;04-01-31 | 4485563 | &nbsp;&nbsp;$4011480 |
| La Verne Village LLC (B) | &nbsp;&nbsp;5.530 | &nbsp;&nbsp;10-01-35 | 10000000 | &nbsp;&nbsp;10147510 |
| Lassen Associates LLC | &nbsp;&nbsp;3.020 | &nbsp;&nbsp;07-01-31 | 5300000 | &nbsp;&nbsp;&nbsp;&nbsp;4886377 |
| Maverick Creek Apartments LLC | &nbsp;&nbsp;4.990 | &nbsp;&nbsp;11-01-30 | 6200000 | &nbsp;&nbsp;&nbsp;&nbsp;6279901 |
| McCue Ventures LLC | &nbsp;&nbsp;5.570 | &nbsp;&nbsp;05-01-58 | 11224217 | &nbsp;&nbsp;10962345 |
| Meramec Station Big Bend Investors LLC | &nbsp;&nbsp;2.780 | &nbsp;&nbsp;05-01-41 | 3973462 | &nbsp;&nbsp;&nbsp;&nbsp;3391417 |
| Mesa Broadway Property LP | &nbsp;&nbsp;2.550 | &nbsp;&nbsp;03-01-33 | 4291836 | &nbsp;&nbsp;&nbsp;&nbsp;3717722 |
| Midway Manor Apartments LP | &nbsp;&nbsp;2.400 | &nbsp;&nbsp;11-01-31 | 3200000 | &nbsp;&nbsp;&nbsp;&nbsp;2811392 |
| Mill Pond, Ltd. | &nbsp;&nbsp;2.870 | &nbsp;&nbsp;06-01-36 | 6515644 | &nbsp;&nbsp;&nbsp;&nbsp;5430073 |
| Monticello Apartments LLC | &nbsp;&nbsp;5.760 | &nbsp;&nbsp;11-01-38 | 3491339 | &nbsp;&nbsp;&nbsp;&nbsp;3657107 |
| Montrose Manor Apartments LLC | &nbsp;&nbsp;2.740 | &nbsp;&nbsp;09-01-36 | 5181940 | &nbsp;&nbsp;&nbsp;&nbsp;4326184 |
| Niederst Portage Towers LLC | &nbsp;&nbsp;2.670 | &nbsp;&nbsp;12-01-31 | 6216484 | &nbsp;&nbsp;&nbsp;&nbsp;5538595 |
| Northbridge Park Company OP, Inc. | &nbsp;&nbsp;3.640 | &nbsp;&nbsp;06-01-51 | 8879756 | &nbsp;&nbsp;&nbsp;&nbsp;7048262 |
| Northland Monterra LLC | &nbsp;&nbsp;2.890 | &nbsp;&nbsp;07-01-31 | 13500000 | &nbsp;&nbsp;12178107 |
| Northridge Garden Associates LLC | &nbsp;&nbsp;3.020 | &nbsp;&nbsp;07-01-31 | 5300000 | &nbsp;&nbsp;&nbsp;&nbsp;4886377 |
| Nostalgia Properties LLC | &nbsp;&nbsp;3.040 | &nbsp;&nbsp;05-01-31 | 16600000 | &nbsp;&nbsp;15043617 |
| Pademelon LLC | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;06-01-30 | 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;5543058 |
| Peace Ranch Madison LLC | &nbsp;&nbsp;5.570 | &nbsp;&nbsp;09-01-27 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;5037360 |
| Penndel Apartments LP | &nbsp;&nbsp;3.270 | &nbsp;&nbsp;06-01-31 | 5280938 | &nbsp;&nbsp;&nbsp;&nbsp;4854571 |
| Pepperward Apartments LLC | &nbsp;&nbsp;2.180 | &nbsp;&nbsp;01-01-27 | 3730336 | &nbsp;&nbsp;&nbsp;&nbsp;3622186 |
| Pepperwood Apartments LLC | &nbsp;&nbsp;2.890 | &nbsp;&nbsp;10-01-30 | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;3160357 |
| Plantation Crossing Apartments LLC | &nbsp;&nbsp;3.040 | &nbsp;&nbsp;09-01-31 | 4656954 | &nbsp;&nbsp;&nbsp;&nbsp;4229613 |
| Platypus LLC | &nbsp;&nbsp;2.950 | &nbsp;&nbsp;06-01-30 | 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;3683884 |
| Plum Grove Rolling Meadows LLC | &nbsp;&nbsp;2.920 | &nbsp;&nbsp;03-01-36 | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;2808113 |
| Price Greenbriar Plano LLC | &nbsp;&nbsp;3.240 | &nbsp;&nbsp;05-01-31 | 8000000 | &nbsp;&nbsp;&nbsp;&nbsp;7289248 |
| Prime/Scrc SPE LLC | &nbsp;&nbsp;2.650 | &nbsp;&nbsp;12-01-31 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;8861850 |
| Raamco Broadwater LLC | &nbsp;&nbsp;3.090 | &nbsp;&nbsp;07-01-31 | 4294152 | &nbsp;&nbsp;&nbsp;&nbsp;3626991 |
| Regency Apartments Vancouver LLC | &nbsp;&nbsp;2.250 | &nbsp;&nbsp;04-01-31 | 4457943 | &nbsp;&nbsp;&nbsp;&nbsp;3975629 |
| Regent Garden Associates LLC | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;03-10-35 | 110418547 | &nbsp;&nbsp;98141551 |
| Richmar II Apartments LLC | &nbsp;&nbsp;2.930 | &nbsp;&nbsp;08-01-36 | 9097179 | &nbsp;&nbsp;&nbsp;&nbsp;7712525 |
| Rollins Park Apartments Section 2 LP | &nbsp;&nbsp;3.210 | &nbsp;&nbsp;04-01-47 | 9148529 | &nbsp;&nbsp;&nbsp;&nbsp;7533356 |
| Rollins Park Apartments Section 3 LP | &nbsp;&nbsp;3.210 | &nbsp;&nbsp;04-01-47 | 3894918 | &nbsp;&nbsp;&nbsp;&nbsp;3207270 |
| Rose Gardens Senior LP | &nbsp;&nbsp;3.330 | &nbsp;&nbsp;05-01-32 | 7891081 | &nbsp;&nbsp;&nbsp;&nbsp;7114093 |
| Sandstone Tucson LLC | &nbsp;&nbsp;5.820 | &nbsp;&nbsp;01-01-29 | 4892085 | &nbsp;&nbsp;&nbsp;&nbsp;5115805 |
| Sebring Associates/Excelsior Two LLC | &nbsp;&nbsp;2.950 | &nbsp;&nbsp;03-08-51 | 9001809 | &nbsp;&nbsp;&nbsp;&nbsp;6818132 |
| SFI Partnership 12, Ltd. | &nbsp;&nbsp;5.900 | &nbsp;&nbsp;11-01-53 | 16600254 | &nbsp;&nbsp;16942236 |
| Sonoma at Porter Ranch LLC | &nbsp;&nbsp;5.400 | &nbsp;&nbsp;05-01-34 | 9738271 | &nbsp;&nbsp;10002646 |
| Spring Park Apartments | &nbsp;&nbsp;3.440 | &nbsp;&nbsp;10-01-31 | 17100000 | &nbsp;&nbsp;15709924 |
| The Enclave LLC | &nbsp;&nbsp;2.940 | &nbsp;&nbsp;05-01-31 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;4507570 |
| The Fairways at Derby Apartments, Ltd. | &nbsp;&nbsp;2.560 | &nbsp;&nbsp;01-01-37 | 5020193 | &nbsp;&nbsp;&nbsp;&nbsp;4395681 |
| The Links at Columbia LP | &nbsp;&nbsp;2.720 | &nbsp;&nbsp;05-01-41 | 15463127 | &nbsp;&nbsp;13071291 |
| The Links at Rainbow Curve LP | &nbsp;&nbsp;2.630 | &nbsp;&nbsp;07-01-32 | 5690132 | &nbsp;&nbsp;&nbsp;&nbsp;5358677 |
| The Trails at the Crossings Apartments, Ltd. | &nbsp;&nbsp;2.800 | &nbsp;&nbsp;01-01-42 | 15577816 | &nbsp;&nbsp;13192167 |
| Tivoli Orlando Associates, Ltd. | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;10-01-27 | 8617231 | &nbsp;&nbsp;&nbsp;&nbsp;9015657 |
| Topaz House, Ltd. | &nbsp;&nbsp;3.300 | &nbsp;&nbsp;04-01-47 | 16323128 | &nbsp;&nbsp;13603271 |
| Trail Horse Partners LLC | &nbsp;&nbsp;2.690 | &nbsp;&nbsp;04-01-31 | 5839041 | &nbsp;&nbsp;&nbsp;&nbsp;5232586 |
| Villages at Clear Springs Apartments | &nbsp;&nbsp;3.340 | &nbsp;&nbsp;10-01-29 | 15000000 | &nbsp;&nbsp;14250270 |
| Volunteer Parkridge LLC | &nbsp;&nbsp;3.020 | &nbsp;&nbsp;05-01-31 | 5500000 | &nbsp;&nbsp;&nbsp;&nbsp;4983567 |
| Windsor Place Apartments | &nbsp;&nbsp;3.530 | &nbsp;&nbsp;02-01-32 | 9098285 | &nbsp;&nbsp;&nbsp;&nbsp;8449231 |

---

See notes to Portfolio of investments

------

John Hancock GA Mortgage Trust<br> Portfolio of investments 9-30-25 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Multifamily (continued)** |  |  |  |  |
| Woodlane Place Townhomes LLC | &nbsp;&nbsp;2.900 | &nbsp;&nbsp;05-05-35 | 8793339 | &nbsp;&nbsp;&nbsp;&nbsp;$7526676 |
| Woods I LLC | &nbsp;&nbsp;3.100 | &nbsp;&nbsp;07-01-30 | 6650503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6151336 |
| Woods Mill Park Apartments LLC | &nbsp;&nbsp;2.610 | &nbsp;&nbsp;02-01-41 | 4154218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3476806 |
| WRD Lincoln Shores LLC | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;09-01-35 | 30000000 | &nbsp;&nbsp;&nbsp;&nbsp;30689550 |
| **Office 16.3%** |  |  |  | &nbsp;&nbsp;**393946336** |
| 1131 Wilshire Boulevard LLC | &nbsp;&nbsp;3.520 | &nbsp;&nbsp;05-01-31 | 4286587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3868156 |
| 1600 Dove LP + GS 1600 Dove LLC | &nbsp;&nbsp;3.670 | &nbsp;&nbsp;06-01-31 | 4121235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3155267 |
| 1635 Divisadero Medical Building LLC | &nbsp;&nbsp;3.950 | &nbsp;&nbsp;06-01-30 | 3326094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3225011 |
| 1635 Divisadero Medical Building LLC | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;06-01-30 | 6736715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7036384 |
| 501 Second Street LLC | &nbsp;&nbsp;6.740 | &nbsp;&nbsp;07-01-33 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;10346230 |
| 900 Wilshire Boulevard LLC | &nbsp;&nbsp;3.080 | &nbsp;&nbsp;07-01-31 | 11600000 | &nbsp;&nbsp;&nbsp;&nbsp;10337653 |
| Aman, Inc. | &nbsp;&nbsp;5.170 | &nbsp;&nbsp;12-01-29 | 21765464 | &nbsp;&nbsp;&nbsp;&nbsp;21275785 |
| Avamer 57 Fee LLC | &nbsp;&nbsp;2.310 | &nbsp;&nbsp;11-01-26 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9713510 |
| Bayside Square Investments LLC | &nbsp;&nbsp;3.480 | &nbsp;&nbsp;02-01-42 | 11900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9469187 |
| Central Way Plaza LLC | &nbsp;&nbsp;2.910 | &nbsp;&nbsp;03-01-32 | 9230494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8334093 |
| Continental Plaza LLC | &nbsp;&nbsp;5.490 | &nbsp;&nbsp;01-01-33 | 4811510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5031194 |
| Continental Skypark LLC | &nbsp;&nbsp;5.870 | &nbsp;&nbsp;08-01-35 | 24800000 | &nbsp;&nbsp;&nbsp;&nbsp;25902186 |
| Corp. Center West Associates LLC | &nbsp;&nbsp;3.650 | &nbsp;&nbsp;04-01-35 | 12500000 | &nbsp;&nbsp;&nbsp;&nbsp;10984238 |
| Crawford Long - CPI LLC | &nbsp;&nbsp;4.800 | &nbsp;&nbsp;06-01-32 | 31500000 | &nbsp;&nbsp;&nbsp;&nbsp;31672274 |
| Delphi Investors LLC | &nbsp;&nbsp;2.520 | &nbsp;&nbsp;01-01-31 | 8911708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7981887 |
| Edina Crosstown Medical LLC | &nbsp;&nbsp;3.230 | &nbsp;&nbsp;06-01-41 | 11478766 | &nbsp;&nbsp;&nbsp;&nbsp;10062986 |
| Fairfield 35 Pinelawn LLC | &nbsp;&nbsp;3.450 | &nbsp;&nbsp;01-01-42 | 6664676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5318085 |
| HCFD Round Rock, Ltd. | &nbsp;&nbsp;6.070 | &nbsp;&nbsp;10-01-49 | 10921222 | &nbsp;&nbsp;&nbsp;&nbsp;11109744 |
| JB IV V LLC | &nbsp;&nbsp;4.580 | &nbsp;&nbsp;12-01-32 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4904330 |
| L&B Depp-Ucepp 5500 Preston Road, Inc. | &nbsp;&nbsp;4.490 | &nbsp;&nbsp;07-01-29 | 18500000 | &nbsp;&nbsp;&nbsp;&nbsp;18362342 |
| LN Bear Creek LLC | &nbsp;&nbsp;5.490 | &nbsp;&nbsp;01-01-33 | 4811510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5031194 |
| Medical Oaks Pavilion PH III, Ltd. | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;11-01-40 | 8506446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7168391 |
| Mountain Bay Plaza LLC | &nbsp;&nbsp;7.120 | &nbsp;&nbsp;01-01-30 | 9599524 | &nbsp;&nbsp;&nbsp;&nbsp;10204207 |
| NCHC 3 LLC | &nbsp;&nbsp;3.390 | &nbsp;&nbsp;02-01-32 | 17237762 | &nbsp;&nbsp;&nbsp;&nbsp;15704429 |
| Newton Executive Park LP | &nbsp;&nbsp;2.570 | &nbsp;&nbsp;10-01-33 | 4211831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3667246 |
| Ocean Pointe Venture Fund LP | &nbsp;&nbsp;4.840 | &nbsp;&nbsp;08-01-47 | 6986442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6398575 |
| Olympic Mills Commerce Center LLC | &nbsp;&nbsp;4.060 | &nbsp;&nbsp;03-01-36 | 9048687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8305890 |
| Parc Center Drive Joint Venture | &nbsp;&nbsp;5.480 | &nbsp;&nbsp;02-01-32 | 1687788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1743031 |
| POP 3 Ravinia LLC | &nbsp;&nbsp;4.460 | &nbsp;&nbsp;01-01-42 | 108191205 | &nbsp;&nbsp;&nbsp;&nbsp;99720037 |
| Quay Works LLC | &nbsp;&nbsp;2.790 | &nbsp;&nbsp;12-01-36 | 11140264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9250608 |
| Skotdal Mutual LLC | &nbsp;&nbsp;2.860 | &nbsp;&nbsp;06-15-31 | 5782746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5272743 |
| Switch Building Investors II LP | &nbsp;&nbsp;2.690 | &nbsp;&nbsp;06-01-36 | 3781446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3389443 |
| **Other 6.9%** |  |  |  | &nbsp;&nbsp;**164992834** |
| FSH Boylston, Inc. | &nbsp;&nbsp;5.360 | &nbsp;&nbsp;08-01-30 | 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;20240820 |
| Interpark Holdings LLC | &nbsp;&nbsp;5.860 | &nbsp;&nbsp;07-01-33 | 48586403 | &nbsp;&nbsp;&nbsp;&nbsp;49797905 |
| Lassen Self Storage LP | &nbsp;&nbsp;6.030 | &nbsp;&nbsp;02-01-35 | 3800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3968378 |
| Rowland LLC | &nbsp;&nbsp;5.540 | &nbsp;&nbsp;08-01-30 | 7089008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7217667 |
| SRB1 LLC | &nbsp;&nbsp;5.670 | &nbsp;&nbsp;09-01-38 | 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;20652120 |
| UGP Broadway Stadium East LLC | &nbsp;&nbsp;6.530 | &nbsp;&nbsp;11-01-30 | 25455444 | &nbsp;&nbsp;&nbsp;&nbsp;26736871 |
| Voyager RV Resort MHC | &nbsp;&nbsp;4.100 | &nbsp;&nbsp;06-01-29 | 36928270 | &nbsp;&nbsp;&nbsp;&nbsp;36379073 |
| **Retail 22.2%** |  |  |  | &nbsp;&nbsp;**535617732** |
| 1360 Summitridge RS LLC | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;09-01-30 | 4492918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4161017 |
| 192 Investors LLC | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;08-01-29 | 15997343 | &nbsp;&nbsp;&nbsp;&nbsp;15611999 |

---

See notes to Portfolio of investments

------

John Hancock GA Mortgage Trust<br> Portfolio of investments 9-30-25 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Retail (continued)** |  |  |  |  |
| 8421 Lyndale Avenue South LLC | &nbsp;&nbsp;2.580 | &nbsp;&nbsp;11-01-28 | 4800153 | &nbsp;&nbsp;$4498848 |
| AFCC SPE LLC | &nbsp;&nbsp;5.810 | &nbsp;&nbsp;04-01-34 | 14216613 | &nbsp;&nbsp;14625042 |
| Asian Garden LLC | &nbsp;&nbsp;5.930 | &nbsp;&nbsp;08-01-35 | 19000000 | &nbsp;&nbsp;19579139 |
| Beverly West Square Associates LP | &nbsp;&nbsp;5.560 | &nbsp;&nbsp;12-01-30 | 5338520 | &nbsp;&nbsp;&nbsp;&nbsp;5533247 |
| Burroughs LPM LP | &nbsp;&nbsp;2.980 | &nbsp;&nbsp;01-01-36 | 11246230 | &nbsp;&nbsp;&nbsp;&nbsp;9390681 |
| BWP Crown Valley 1 LLC | &nbsp;&nbsp;3.020 | &nbsp;&nbsp;04-01-37 | 15000000 | &nbsp;&nbsp;11884740 |
| Canton R2g Owner LLC | &nbsp;&nbsp;2.810 | &nbsp;&nbsp;03-01-29 | 7300000 | &nbsp;&nbsp;&nbsp;&nbsp;6892536 |
| Carriage Way LLC | &nbsp;&nbsp;3.520 | &nbsp;&nbsp;08-01-31 | 3669948 | &nbsp;&nbsp;&nbsp;&nbsp;3339278 |
| CE Enterprise Partners LLC | &nbsp;&nbsp;4.700 | &nbsp;&nbsp;07-01-32 | 3898484 | &nbsp;&nbsp;&nbsp;&nbsp;3848307 |
| Chapel Hills East LLC | &nbsp;&nbsp;5.950 | &nbsp;&nbsp;03-01-34 | 6100000 | &nbsp;&nbsp;&nbsp;&nbsp;6221512 |
| CIP Group of Homestead LLC | &nbsp;&nbsp;3.060 | &nbsp;&nbsp;06-01-33 | 6171807 | &nbsp;&nbsp;&nbsp;&nbsp;5426481 |
| City Town Center LP + City Town Center Best Buy LP | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;01-01-35 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;5116090 |
| Coral Ridge Shopping Center Trust | &nbsp;&nbsp;6.150 | &nbsp;&nbsp;06-01-35 | 20412839 | &nbsp;&nbsp;21252807 |
| Core Power Bridgepointe LLC | &nbsp;&nbsp;5.690 | &nbsp;&nbsp;01-01-35 | 20000000 | &nbsp;&nbsp;20347480 |
| Cross Keys Development Company | &nbsp;&nbsp;2.550 | &nbsp;&nbsp;10-01-33 | 12269540 | &nbsp;&nbsp;10713615 |
| Downtown Woodinville LLC | &nbsp;&nbsp;3.830 | &nbsp;&nbsp;06-01-29 | 65000000 | &nbsp;&nbsp;63924900 |
| Ds Santa Rosa LP | &nbsp;&nbsp;5.730 | &nbsp;&nbsp;08-01-35 | 10000000 | &nbsp;&nbsp;10416980 |
| Elsinore Developers LLC | &nbsp;&nbsp;6.090 | &nbsp;&nbsp;02-01-34 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;5348135 |
| Erep Cobbler Crossing II LLC | &nbsp;&nbsp;6.620 | &nbsp;&nbsp;12-01-28 | 3074810 | &nbsp;&nbsp;&nbsp;&nbsp;3230552 |
| Gateway Village Plaza LP | &nbsp;&nbsp;3.420 | &nbsp;&nbsp;07-01-31 | 5550565 | &nbsp;&nbsp;&nbsp;&nbsp;5124531 |
| Harbor Center Partners LP | &nbsp;&nbsp;4.720 | &nbsp;&nbsp;09-01-32 | 18100000 | &nbsp;&nbsp;18007600 |
| Harbor Center Partners LP | &nbsp;&nbsp;5.630 | &nbsp;&nbsp;10-01-32 | 1863235 | &nbsp;&nbsp;&nbsp;&nbsp;1924210 |
| Howard Lehigh Holdings LLC | &nbsp;&nbsp;5.770 | &nbsp;&nbsp;04-01-34 | 7558485 | &nbsp;&nbsp;&nbsp;&nbsp;7763350 |
| J J Carson LLC | &nbsp;&nbsp;2.950 | &nbsp;&nbsp;11-01-31 | 11531082 | &nbsp;&nbsp;10267829 |
| Kimberly Partners of Albany LP | &nbsp;&nbsp;2.920 | &nbsp;&nbsp;12-01-30 | 4393926 | &nbsp;&nbsp;&nbsp;&nbsp;3963044 |
| La Habra Westridge Partners LP | &nbsp;&nbsp;5.970 | &nbsp;&nbsp;09-01-34 | 20000000 | &nbsp;&nbsp;21015900 |
| Ladera Corporate Terrace South LLC | &nbsp;&nbsp;3.870 | &nbsp;&nbsp;06-01-32 | 7041196 | &nbsp;&nbsp;&nbsp;&nbsp;6527484 |
| LB PCH Associates LLC | &nbsp;&nbsp;3.870 | &nbsp;&nbsp;05-01-32 | 17149923 | &nbsp;&nbsp;15900723 |
| Manoa Shopping Center Associates LP | &nbsp;&nbsp;6.770 | &nbsp;&nbsp;03-01-30 | 2260557 | &nbsp;&nbsp;&nbsp;&nbsp;2388009 |
| Manoa Shopping Center Associates LP | &nbsp;&nbsp;7.060 | &nbsp;&nbsp;03-01-30 | 3953893 | &nbsp;&nbsp;&nbsp;&nbsp;4214842 |
| Meadow and Central LP | &nbsp;&nbsp;3.100 | &nbsp;&nbsp;01-01-32 | 3686016 | &nbsp;&nbsp;&nbsp;&nbsp;3343224 |
| Mesa Town Center LLC | &nbsp;&nbsp;6.180 | &nbsp;&nbsp;06-01-35 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;5225380 |
| Nat City SPE LLC | &nbsp;&nbsp;3.980 | &nbsp;&nbsp;02-01-35 | 1869903 | &nbsp;&nbsp;&nbsp;&nbsp;1620860 |
| National City Plaza | &nbsp;&nbsp;4.110 | &nbsp;&nbsp;02-01-35 | 8038154 | &nbsp;&nbsp;&nbsp;&nbsp;7334639 |
| PEP 1929 South Congress Avenue LP | &nbsp;&nbsp;5.460 | &nbsp;&nbsp;06-01-30 | 5100000 | &nbsp;&nbsp;&nbsp;&nbsp;5231381 |
| Platt Partners LP | &nbsp;&nbsp;3.442 | &nbsp;&nbsp;05-05-37 | 14000000 | &nbsp;&nbsp;11862298 |
| Plaza Inv. LP | &nbsp;&nbsp;3.910 | &nbsp;&nbsp;05-01-26 | 25679653 | &nbsp;&nbsp;25582532 |
| PRTC LP | &nbsp;&nbsp;3.130 | &nbsp;&nbsp;05-01-32 | 10780397 | &nbsp;&nbsp;&nbsp;&nbsp;9850350 |
| SF Lynnwood Crossroads LLC | &nbsp;&nbsp;4.780 | &nbsp;&nbsp;09-01-32 | 3854000 | &nbsp;&nbsp;&nbsp;&nbsp;3834626 |
| SF Mansfield LLC | &nbsp;&nbsp;2.990 | &nbsp;&nbsp;04-01-33 | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;4295010 |
| SF Stapleton LLC | &nbsp;&nbsp;2.850 | &nbsp;&nbsp;03-01-31 | 4680000 | &nbsp;&nbsp;&nbsp;&nbsp;4202794 |
| Silverado Ranch Centre LLC | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;06-01-30 | 3968589 | &nbsp;&nbsp;&nbsp;&nbsp;4246049 |
| St. Indian Ridge LLC | &nbsp;&nbsp;6.590 | &nbsp;&nbsp;08-01-29 | 3052726 | &nbsp;&nbsp;&nbsp;&nbsp;3189082 |
| Stony Island Plaza | &nbsp;&nbsp;3.620 | &nbsp;&nbsp;10-01-34 | 5268465 | &nbsp;&nbsp;&nbsp;&nbsp;4716267 |
| Sunnyside Marketplace LLC | &nbsp;&nbsp;3.420 | &nbsp;&nbsp;04-01-30 | 6646599 | &nbsp;&nbsp;&nbsp;&nbsp;6279069 |
| Tanecap 1 LP | &nbsp;&nbsp;2.690 | &nbsp;&nbsp;09-01-31 | 4542154 | &nbsp;&nbsp;&nbsp;&nbsp;4018653 |
| THF Greengate Development LP | &nbsp;&nbsp;6.320 | &nbsp;&nbsp;10-01-25 | 22502881 | &nbsp;&nbsp;22499843 |
| Town Center Associates | &nbsp;&nbsp;2.790 | &nbsp;&nbsp;03-01-29 | 3772106 | &nbsp;&nbsp;&nbsp;&nbsp;3567137 |
| TSCA-232 LP (B) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;11-01-35 | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;3612249 |

---

See notes to Portfolio of investments

------

John Hancock GA Mortgage Trust<br> Portfolio of investments 9-30-25 (unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Retail (continued)** |  |  |  |  |
| University Festival LC | &nbsp;&nbsp;5.810 | &nbsp;&nbsp;05-01-35 | 8449118 | &nbsp;&nbsp;&nbsp;&nbsp;$8676830 |
| Valley Square I LP | &nbsp;&nbsp;5.490 | &nbsp;&nbsp;02-01-26 | 14137615 | &nbsp;&nbsp;&nbsp;&nbsp;14166809 |
| Warwick Devco LP | &nbsp;&nbsp;2.880 | &nbsp;&nbsp;07-01-33 | 6329055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5599549 |
| Wateridge Goodman Investors LLC | &nbsp;&nbsp;5.980 | &nbsp;&nbsp;08-01-35 | 2991294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3097401 |
| West Linn Shopping Center Associates LLC | &nbsp;&nbsp;3.160 | &nbsp;&nbsp;01-01-32 | 7470031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6721908 |
| Westmount Plaza Arlington Plaza Joint Venture | &nbsp;&nbsp;5.820 | &nbsp;&nbsp;06-10-34 | 12993793 | &nbsp;&nbsp;&nbsp;&nbsp;13502682 |
| WG Opelousas LA LLC | &nbsp;&nbsp;7.290 | &nbsp;&nbsp;05-01-28 | 831653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880202 |
| **U.S. Government and Agency obligations 2.5%** | **U.S. Government and Agency obligations 2.5%** |  |  | **$61720438** |
| (Cost $61,195,434) |  |  |  |  |
| **U.S. Government 2.5%** | **U.S. Government 2.5%** |  |  | &nbsp;&nbsp;**61720438** |
| U.S. Treasury |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;05-15-35 | 21200000 | &nbsp;&nbsp;&nbsp;&nbsp;21395438 |
| &nbsp;&nbsp;&nbsp;Note | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;08-15-35 | 40000000 | &nbsp;&nbsp;&nbsp;&nbsp;40325000 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Yield\* (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | &nbsp;&nbsp;**Value** |
| **Short-term investments 3.2%** |  |  |  | &nbsp;&nbsp;**$76971876** |
| (Cost $76,970,913) |  |  |  |  |
| **U.S. Government 1.1%** |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**25960894** |
| U.S. Treasury Bill | &nbsp;&nbsp;4.112 | &nbsp;&nbsp;10-23-25 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9975388 |
| U.S. Treasury Bill | &nbsp;&nbsp;4.168 | &nbsp;&nbsp;10-16-25 | 6300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6289358 |
| U.S. Treasury Bill | &nbsp;&nbsp;4.208 | &nbsp;&nbsp;10-02-25 | 6200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6199307 |
| U.S. Treasury Bill | &nbsp;&nbsp;4.215 | &nbsp;&nbsp;10-09-25 | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3496841 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Yield (%)** | **Shares** | &nbsp;&nbsp;**Value** |
| **Short-term funds 2.1%** |  |  | &nbsp;&nbsp;**51010982** |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | &nbsp;&nbsp;4.0784(C) | 51010982 | 51010982 |

---

---

| | |
|:---|:---|
| **Total investments (Cost $2,579,497,666) 101.1%** | **$2440461593** |
| **Other assets and liabilities, net (1.1%)** | &nbsp;&nbsp;&nbsp;&nbsp;**(26929514)** |
| **Total net assets 100.0%** | &nbsp;&nbsp;**$2413532079** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| (A) | &nbsp;&nbsp;Securities are valued using significant unobservable inputs and are classified as Level 3 in the fair value hierarchy. |
| (B) | &nbsp;&nbsp;Security purchased or sold on a when-issued or delayed-delivery basis. |
| (C) | &nbsp;&nbsp;The rate shown is the annualized seven-day yield as of 9-30-25. |
| \* | &nbsp;&nbsp;Yield represents either the annualized yield at the date of purchase, the stated coupon rate or, for floating rate securities, the rate at period end. |

---

See notes to Portfolio of investments

------

John Hancock GA Mortgage Trust<br> Notes to Portfolio of investments 9-30-25 (unaudited)

------

**Security valuation. Investments are valued at the end of each month at a minimum. The fund invests primarily in mortgage loans that do not have readily ascertainable market prices. Manulife Investment Management Private Markets (US) LLC (the Advisor), assisted by its Pricing Committee (composed of officers of the Advisor and its affiliates), determines the fair value of the fund's securities that are not publicly traded or whose market prices are not readily available pursuant to procedures established by the Advisor and adopted by the Board of Trustees. In connection with that determination, portfolio valuations will be prepared in accordance with the Advisor's valuation policy using proprietary models. In certain instances, valuations may be obtained from independent valuation firms.**

Valuation techniques include net present value and discounted cash flow models, comparison with similar instruments for which observable market prices exist and other valuation models. Assumptions and inputs used in valuation techniques include risk-free and benchmark interest rates, credit spreads and other inputs used in estimating discount rates.

For mortgage investments, the fund uses proprietary valuation models, which are developed from recognized accounting principles generally accepted in the United States of America valuation approaches under ASC 820. Some or all of the significant inputs into these models may be unobservable and are derived either from observable market prices or rates or are estimated based on unobservable assumptions. Valuation models that employ significant unobservable inputs require a higher degree of management judgment and estimation in the determination of fair value. Management judgment and estimation are usually required for the selection of the appropriate valuation model to be used, determination of expected future cash flows on the financial instrument being valued, determination of the probability of counterparty default and prepayments and selection of appropriate discount rates.

The fund uses a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

Mortgage investments are measured at fair value based on the present value of the expected cash flows of the mortgage. There are no quoted prices in active markets. Assumptions and inputs used in the valuation of mortgage investments include prepayment estimates, determination of the discount rate based on the risk-free interest rate adjusted for credit risk (including estimation of probability of default), liquidity and any other adjustments that the manager believes that a third-party market participant would take into account in pricing a transaction. Mortgage investment valuations rely primarily on the use of significant unobservable inputs, including credit assumptions, which require significant judgment and, accordingly, are classified as Level 3.

Other debt obligations are typically valued based on the evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Other debt obligations are generally classified as Level 2.

------

John Hancock GA Mortgage Trust<br> Notes to Portfolio of investments 9-30-25 (unaudited)

------

Investments in open-end mutual funds are valued at their respective net asset values each business day and are generally classified as Level 1.

The following is a summary of the values by input classification of the fund's investments as of September 30, 2025 by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Total<br> value at<br> 9-30-25** | &nbsp;&nbsp;**Level 1<br> quoted price** | &nbsp;&nbsp;**Level 2<br> Significant<br> observable<br> inputs** | &nbsp;&nbsp;**Level 3<br> Significant<br> unobservable<br> inputs** |
| **Investments in securities:** | **Investments in securities:** | **Investments in securities:** |  |  |
| **Assets** |  |  |  |  |
| Commercial mortgage loans | &nbsp;&nbsp;**$2301769279** | &nbsp;&nbsp;— | &nbsp;&nbsp;— | &nbsp;&nbsp;$2301769279 |
| U.S. Government and Agency obligations | &nbsp;&nbsp;**61720438** | &nbsp;&nbsp;— | &nbsp;&nbsp;$61720438 | &nbsp;&nbsp;— |
| Short-term investments | &nbsp;&nbsp;**76971876** | &nbsp;&nbsp;$51010982 | &nbsp;&nbsp;25960894 | &nbsp;&nbsp;— |
| **Total investments in securities** | &nbsp;&nbsp;**$2440461593** | &nbsp;&nbsp;**$51010982** | &nbsp;&nbsp;**$87681332** | &nbsp;&nbsp;**$2301769279** |

---

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. There were no transfers into or out of Level 3 during the period.

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Commercial mortgage loans |
| Balance as of 12-31-24 | &nbsp;&nbsp;$2013132191 |
| Purchases | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249263236 |
| Sales | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48390323) |
| Realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(227961) |
| Net amortization of (premium) discount | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(685637) |
| Change in unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88677773 |
| **Balance as of 9-30-25** | &nbsp;&nbsp;**$2301769279** |
| Change in unrealized appreciation (depreciation) at period end\* | &nbsp;&nbsp;&nbsp;&nbsp;$88403513 |

---

\*Change in unrealized appreciation (depreciation) attributable to Level 3 securities held at period end.

The valuation techniques and significant amounts of unobservable inputs used in the fair value measurement of the fund's Level 3 securities are outlined in the table below.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Fair Value<br> at 9-30-25** | &nbsp;&nbsp;&nbsp;**Valuation technique** | &nbsp;&nbsp;&nbsp;**Significant<br> unobservable inputs** | &nbsp;&nbsp;&nbsp;**Input/Range\*** | &nbsp;&nbsp;&nbsp;**Input Weighted Average\*** |
| Commercial mortgage loans | &nbsp;&nbsp;$2301769279 | &nbsp;&nbsp;Discounted cash flow | &nbsp;&nbsp;Discount rate | &nbsp;&nbsp;4.04% - 7.47% | &nbsp;&nbsp;5.15% |

---

\*A weighted average is an average in which each input in the grouping is assigned a weighting before summing to a single average value. The weighting of the input is determined based on a security's fair value as a percentage of the total fair value.

A change to unobservable inputs of the fund's Level 3 securities as of September 30, 2025 could have resulted in changes to the fair value measurement, as follows:

<u>Significant Unobservable Input </u> <u>Impact to Valuation<br> if input had increased </u> <u>Impact to Valuation<br> if input had decreased </u> <br> Discount rate Decrease Increase

Due to the inherent uncertainty of determining the fair value of Level 3 investments, the fair value of the investments may differ significantly from the values that would have been used had a ready market for such securities existed and may differ materially from the values that may ultimately be received or settled. Further, such investments will generally be subject to legal and other restrictions, or otherwise will be less liquid than publicly traded instruments. If the fund is required to liquidate a portfolio investment in a forced or liquidation sale, the fund might realize significantly less than the value at which such investment will have

------

John Hancock GA Mortgage Trust<br> Notes to Portfolio of investments 9-30-25 (unaudited)

------

been previously been recorded. The fund's investments will be subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments are traded.

For additional information on the fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** John Hancock GA Mortgage Trust

- **b. Investment Company Act file number:** 811-23418

- **c. CIK number of Registrant:** 0001742952

- **d. LEI of Registrant:** 5493005U1VX5V7WKLF57

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

  - **Street Address 1:** 197 Clarendon Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02116

  - **Telephone number:** 617-543-9634

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

- **a. Name of Series:** John Hancock GA Mortgage Trust

- **c. LEI of Series:** 5493005U1VX5V7WKLF57

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2453458289.26

**Total Liabilities:** $39926210.58

**Net Assets:** $2413532078.68

**Cash Not Reported:** $4006340.82

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3928.612472073910 | **1-Year:** 87879.858170918100 | **5-Year:** 495086.152992894000 | **10-Year:** 674975.924970500000 | **30-Year:** 64626.412863536300

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

- **3-Month:** 68.083061861382 | **1-Year:** 2648.772476545980 | **5-Year:** 10882.286510540000 | **10-Year:** 5590.446609658230 | **30-Year:** 1861.918499235520

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.07%                | 1.20%                | 1.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-24177.00               | $-6430866.86                               |
| Month 2  | $-17217.84               | $20706841.40                               |
| Month 3  | $-22912.82               | $16928553.08                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| REP A 2033LLC REP A 2033LLC                                  | REP A 2033LLC REP A 2033LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  18800000 | PA      | $19881075.20  | 0.82%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| RODERICK   CATALYST  5 LLC RODERICK   CATALYST  5 LLC        | RODERICK   CATALYST  5, LLC RODERICK   CATALYST  5, LLC      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5402096 | PA      | $5413256.51   | 0.22%             | 2044-05-01      | Fixed         | 5.60%                 | No            |                  3 | On Loan: No      |
| PHASE 2 GLC 2 LLC PHASE 2 GLC 2 LLC                          | PHASE 2 GLC 2, LLC PHASE 2 GLC 2, LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  13396030 | PA      | $13927705.07  | 0.58%             | 2034-07-01      | Fixed         | 5.78%                 | No            |                  3 | On Loan: No      |
| WESTMOUNT PLAZA ARLINGTON PLAZA JOINT VENTURE                | WESTMOUNT PLAZA ARLINGTON PLAZA JOINT VENTURE                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12993793 | PA      | $13502682.25  | 0.56%             | 2034-06-10      | Fixed         | 5.82%                 | No            |                  3 | On Loan: No      |
| SFI LTD. PARTNERSHIP 12 SFI LTD. PARTNERSHIP 12              | SFI LTD. PARTNERSHIP 12 SFI LTD. PARTNERSHIP 12              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  16600254 | PA      | $16942235.59  | 0.70%             | 2053-11-01      | Fixed         | 5.90%                 | No            |                  3 | On Loan: No      |
| MONTICELLO APARTMENTSLLC MONTICELLO APARTMENTSLLC            | MONTICELLO APARTMENTS,LLC MONTICELLO APARTMENTS,LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3491338 | PA      | $3657107.25   | 0.15%             | 2038-11-01      | Fixed         | 5.76%                 | No            |                  3 | On Loan: No      |
| UGP BROADWAY STADIUM EASTLLC UGP ONTARIO ST.CLAIRLLC         | UGP BROADWAY STADIUM EAST,LLC UGP ONTARIO ST.CLAIR,LLC       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  25455444 | PA      | $26736871.17  | 1.11%             | 2030-11-01      | Fixed         | 6.53%                 | No            |                  3 | On Loan: No      |
| EREP COBBLER CROSSING II LLC                                 | EREP COBBLER CROSSING II, LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3074810 | PA      | $3230551.91   | 0.13%             | 2028-12-01      | Fixed         | 6.62%                 | No            |                  3 | On Loan: No      |
| SLI III LLC SLI III LLC                                      | SLI III, LLC SLI III, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4021784 | PA      | $4363470.64   | 0.18%             | 2034-01-01      | Fixed         | 6.49%                 | No            |                  3 | On Loan: No      |
| SIC MOUNTAINBAYPLAZALLC SIC MOUNTAINBAYPLAZALLC              | SIC MOUNTAINBAYPLAZA,LLC SIC MOUNTAINBAYPLAZA,LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9599524 | PA      | $10204207.46  | 0.42%             | 2030-01-01      | Fixed         | 7.12%                 | No            |                  3 | On Loan: No      |
| HUDSON TROY TOWERS APT CORP HUDSON TROY TOWERS APT CORP      | HUDSON TROY TOWERS APT CORP HUDSON TROY TOWERS APT CORP      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7135702 | PA      | $7470894.04   | 0.31%             | 2028-11-01      | Fixed         | 6.14%                 | No            |                  3 | On Loan: No      |
| SANDSTONE TUCSON LLC SANDSTONE TUCSON LLC                    | SANDSTONE TUCSON, LLC SANDSTONE TUCSON, LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4892085 | PA      | $5115804.72   | 0.21%             | 2029-01-01      | Fixed         | 5.82%                 | No            |                  3 | On Loan: No      |
| MANOA SHOPPING CENTER ASSOCIATES L.P.                        | MANOA SHOPPING CENTER ASSOCIATES L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2260557 | PA      | $2388009.45   | 0.10%             | 2030-03-01      | Fixed         | 6.77%                 | No            |                  3 | On Loan: No      |
| ELSINORE DEVELOPERS LLC ELSINORE DEVELOPERS LLC              | ELSINORE DEVELOPERS LLC ELSINORE DEVELOPERS LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5348135.00   | 0.22%             | 2034-02-01      | Fixed         | 6.09%                 | No            |                  3 | On Loan: No      |
| FOUR SEASONS APTMNTSLLC FOUR SEASONS APTMNTSLLC              | FOUR SEASONS APTMNTS,LLC FOUR SEASONS APTMNTS,LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5300000 | PA      | $5454346.60   | 0.23%             | 2029-03-01      | Fixed         | 5.59%                 | No            |                  3 | On Loan: No      |
| HOWARD LEHIGH HOLDINGSLLC HOWARD LEHIGH HOLDINGSLLC          | HOWARD LEHIGH HOLDINGSLLC HOWARD LEHIGH HOLDINGSLLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7558485 | PA      | $7763349.89   | 0.32%             | 2034-04-01      | Fixed         | 5.77%                 | No            |                  3 | On Loan: No      |
| CHAPEL HILLS EAST LLC CHAPEL HILLS EAST LLC                  | CHAPEL HILLS EAST LLC CHAPEL HILLS EAST LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6100000 | PA      | $6221512.00   | 0.26%             | 2034-03-01      | Fixed         | 5.95%                 | No            |                  3 | On Loan: No      |
| AFCC SPE L.L.C. AFCC SPE L.L.C.                              | AFCC SPE L.L.C. AFCC SPE L.L.C.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  14216613 | PA      | $14625042.12  | 0.61%             | 2034-04-01      | Fixed         | 5.81%                 | No            |                  3 | On Loan: No      |
| SONOMA AT PORTER RANCH LLC SONOMA AT PORTER RANCH LLC        | SONOMA AT PORTER RANCH, LLC SONOMA AT PORTER RANCH, LLC      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9738271 | PA      | $10002645.77  | 0.41%             | 2034-05-01      | Fixed         | 5.40%                 | No            |                  3 | On Loan: No      |
| United States Treasury Bills                                 | UNITED STATES TREASURY BILL 10/25 0.00000                    | CUSIP: 912797MS3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6200000 | PA      | $6199307.46   | 0.26%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                 | TREASURY BILL                                                | CUSIP: 912797QE0<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   3500000 | PA      | $3496841.04   | 0.14%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                 | UNITED STATES TREASURY BILL 10/25 0.00000                    | CUSIP: 912797QF7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6300000 | PA      | $6289358.23   | 0.26%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                 | UNITED STATES TREASURY BILL 10/25 0.00000                    | CUSIP: 912797QG5<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  10000000 | PA      | $9975387.50   | 0.41%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SF STAPLETON LLC                                             | SF STAPLETON LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4680000 | PA      | $4202794.44   | 0.17%             | 2031-03-01      | Fixed         | 2.85%                 | No            |                  3 | On Loan: No      |
| TRAIL HORSE PARTNERS LLC                                     | TRAIL HORSE PARTNERS, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5839041 | PA      | $5232586.28   | 0.22%             | 2031-04-01      | Fixed         | 2.69%                 | No            |                  3 | On Loan: No      |
| SF MANSFIELD LLC                                             | SF MANSFIELD, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4295010.00   | 0.18%             | 2033-04-01      | Fixed         | 2.99%                 | No            |                  3 | On Loan: No      |
| REGENCY APARTMENTS VANCOUVER LLC                             | REGENCY APARTMENTS VANCOUVER LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4457943 | PA      | $3975628.96   | 0.16%             | 2031-04-01      | Fixed         | 2.25%                 | No            |                  3 | On Loan: No      |
| S/K 53 BRUNSWICK ASSOCIATES LLC                              | S/K 53 BRUNSWICK ASSOCIATES LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5883661 | PA      | $5274596.27   | 0.22%             | 2031-04-01      | Fixed         | 3.16%                 | No            |                  3 | On Loan: No      |
| 701 COTTONTAIL LANE ASSOCIATES LLC                           | 701 COTTONTAIL LANE ASSOCIATES LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3973437 | PA      | $3268704.18   | 0.14%             | 2046-04-01      | Fixed         | 3.68%                 | No            |                  3 | On Loan: No      |
| 801 WEST END AVENUE CORP                                     | 801 WEST END AVENUE CORP                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5500000 | PA      | $4861626.00   | 0.20%             | 2031-04-01      | Fixed         | 2.44%                 | No            |                  3 | On Loan: No      |
| DRAPER SOUTHPOINT APARTMENTS LLC                             | DRAPER SOUTHPOINT APARTMENTS LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5374499 | PA      | $4792118.04   | 0.20%             | 2031-04-01      | Fixed         | 2.52%                 | No            |                  3 | On Loan: No      |
| 655 KELTON LLC                                               | 655 KELTON LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4637882 | PA      | $4126819.71   | 0.17%             | 2031-04-01      | Fixed         | 2.27%                 | No            |                  3 | On Loan: No      |
| LA COSTA VISTA LLC                                           | LA COSTA VISTA LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4485563 | PA      | $4011479.62   | 0.17%             | 2031-04-01      | Fixed         | 2.61%                 | No            |                  3 | On Loan: No      |
| THE LINKS AT COLUMBIA A LIMITED PARTNERSHIP                  | THE LINKS AT COLUMBIA A LIMITED PARTNERSHIP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15463127 | PA      | $13071290.72  | 0.54%             | 2041-05-01      | Fixed         | 2.72%                 | No            |                  3 | On Loan: No      |
| MERAMEC STATION BIG BEND INVESTORS LLC                       | MERAMEC STATION BIG BEND INVESTORS LLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3973462 | PA      | $3391417.16   | 0.14%             | 2041-05-01      | Fixed         | 2.78%                 | No            |                  3 | On Loan: No      |
| MILL POND LTD                                                | MILL POND, LTD                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6515644 | PA      | $5430072.69   | 0.22%             | 2036-06-01      | Fixed         | 2.87%                 | No            |                  3 | On Loan: No      |
| CIP GROUP OF HOMESTEAD LLC                                   | CIP GROUP OF HOMESTEAD LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6171807 | PA      | $5426481.34   | 0.22%             | 2033-06-01      | Fixed         | 3.06%                 | No            |                  3 | On Loan: No      |
| COPPERSTONE APTS LP COPPERSTONE APTS PHASE II LP             | COPPERSTONE APTS LP COPPERSTONE APTS PHASE II LP             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4906453 | PA      | $4290835.71   | 0.18%             | 2039-04-01      | Fixed         | 2.88%                 | No            |                  3 | On Loan: No      |
| VOLUNTEER PARKRIDGE LLC                                      | VOLUNTEER PARKRIDGE, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5500000 | PA      | $4983566.50   | 0.21%             | 2031-05-01      | Fixed         | 3.02%                 | No            |                  3 | On Loan: No      |
| AMERICANA ON THE RIVER LLC                                   | AMERICANA ON THE RIVER LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5064667 | PA      | $4241947.02   | 0.18%             | 2036-05-01      | Fixed         | 2.97%                 | No            |                  3 | On Loan: No      |
| THE ENCLAVE LLC                                              | THE ENCLAVE LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4507570.00   | 0.19%             | 2031-05-01      | Fixed         | 2.94%                 | No            |                  3 | On Loan: No      |
| ELIZABETH LAKE ESTATES LLC                                   | ELIZABETH LAKE ESTATES LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4699181 | PA      | $4282626.39   | 0.18%             | 2031-05-01      | Fixed         | 2.92%                 | No            |                  3 | On Loan: No      |
| 1131 WILSHIRE BLVD LLC                                       | 1131 WILSHIRE BLVD LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4286587 | PA      | $3868156.49   | 0.16%             | 2031-05-01      | Fixed         | 3.52%                 | No            |                  3 | On Loan: No      |
| NOSTALGIA PROPERTIES LLC                                     | NOSTALGIA PROPERTIES LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  16600000 | PA      | $15043617.20  | 0.62%             | 2031-05-01      | Fixed         | 3.04%                 | No            |                  3 | On Loan: No      |
| Gateway Village Plaza LP                                     | Gateway Village Plaza, LP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5550565 | PA      | $5124531.03   | 0.21%             | 2031-07-01      | Fixed         | 3.42%                 | No            |                  3 | On Loan: No      |
| SWITCH BUILDING INVESTORS II LP                              | SWITCH BUILDING INVESTORS II LP                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3781446 | PA      | $3389442.50   | 0.14%             | 2036-06-01      | Fixed         | 2.69%                 | No            |                  3 | On Loan: No      |
| EDINA CROSSTOWN MEDICAL LLC                                  | EDINA CROSSTOWN MEDICAL LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11478766 | PA      | $10062986.08  | 0.42%             | 2041-06-01      | Fixed         | 3.23%                 | No            |                  3 | On Loan: No      |
| PRICE GREENBRIAR PLANO LLC PRICE GREENBRIAR PLANO LLC        | PRICE GREENBRIAR PLANO LLC PRICE GREENBRIAR PLANO LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8000000 | PA      | $7289248.00   | 0.30%             | 2031-05-01      | Fixed         | 3.24%                 | No            |                  3 | On Loan: No      |
| WARWICK DEVCO L.P.                                           | WARWICK DEVCO, L.P.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6329055 | PA      | $5599549.25   | 0.23%             | 2033-07-01      | Fixed         | 2.88%                 | No            |                  3 | On Loan: No      |
| Skotdal Mutual L.L.C.                                        | Skotdal Mutual, L.L.C.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5782746 | PA      | $5272742.69   | 0.22%             | 2031-06-15      | Fixed         | 2.86%                 | No            |                  3 | On Loan: No      |
| CR Ballantyne LLC                                            | CR Ballantyne, LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6200000 | PA      | $5169987.80   | 0.21%             | 2036-06-01      | Fixed         | 3.29%                 | No            |                  3 | On Loan: No      |
| Greenhouse Apartments LP                                     | Greenhouse Apartments, LP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9138434 | PA      | $7520748.50   | 0.31%             | 2041-07-01      | Fixed         | 3.38%                 | No            |                  3 | On Loan: No      |
| CJS Pinemeadows Apartments LP                                | CJS Pinemeadows Apartments, LP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9138434 | PA      | $7588299.80   | 0.31%             | 2041-07-01      | Fixed         | 3.38%                 | No            |                  3 | On Loan: No      |
| Grande Apartments L.P.                                       | Grande Apartments, L.P.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7950438 | PA      | $6601820.88   | 0.27%             | 2041-07-01      | Fixed         | 3.38%                 | No            |                  3 | On Loan: No      |
| PENNDEL APARTMENTS LP PENNDEL APARTMENTS LP                  | PENNDEL APARTMENTS LP PENNDEL APARTMENTS LP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5280938 | PA      | $4854570.87   | 0.20%             | 2031-06-01      | Fixed         | 3.27%                 | No            |                  3 | On Loan: No      |
| Orangewood Properties Ltd.                                   | Orangewood Properties, Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8600000 | PA      | $7796940.60   | 0.32%             | 2031-07-01      | Fixed         | 2.94%                 | No            |                  3 | On Loan: No      |
| FOUNTAINVIEW TERRACE APRTMTS FOUNTAINVIEW TERRACE APRTMTS    | FOUNTAINVIEW TERRACE APRTMTS FOUNTAINVIEW TERRACE APRTMTS    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3764484 | PA      | $3226117.26   | 0.13%             | 2041-07-01      | Fixed         | 2.90%                 | No            |                  3 | On Loan: No      |
| 900 Wilshire Boulevard LLC                                   | 900 Wilshire Boulevard, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11600000 | PA      | $10337653.20  | 0.43%             | 2031-07-01      | Fixed         | 3.08%                 | No            |                  3 | On Loan: No      |
| EDGEWATER PARK REAL ESTATE ASSOCIATES LLC                    | EDGEWATER PARK REAL ESTATE ASSOCIATES, LLC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8400000 | PA      | $7140705.60   | 0.30%             | 2036-08-01      | Fixed         | 2.89%                 | No            |                  3 | On Loan: No      |
| RAAMCO BROADWATER LLC RAAMCO BROADWATER LLC                  | RAAMCO BROADWATER LLC RAAMCO BROADWATER LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4294152 | PA      | $3626991.20   | 0.15%             | 2031-07-01      | Fixed         | 3.09%                 | No            |                  3 | On Loan: No      |
| NORTHLAND MONTERRA LLC NORTHLAND MONTERRA LLC                | NORTHLAND MONTERRA LLC NORTHLAND MONTERRA LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  13500000 | PA      | $12178107.00  | 0.50%             | 2031-07-01      | Fixed         | 2.89%                 | No            |                  3 | On Loan: No      |
| RICHMAR II APARTMENTS LLC RICHMAR II APARTMENTS LLC          | RICHMAR II APARTMENTS LLC RICHMAR II APARTMENTS LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9097179 | PA      | $7712524.76   | 0.32%             | 2036-08-01      | Fixed         | 2.93%                 | No            |                  3 | On Loan: No      |
| Carriage Way LLC                                             | Carriage Way, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3669948 | PA      | $3339277.96   | 0.14%             | 2031-08-01      | Fixed         | 3.52%                 | No            |                  3 | On Loan: No      |
| DTN Waters House LLC                                         | DTN Waters House, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4964107 | PA      | $4507751.80   | 0.19%             | 2031-08-01      | Fixed         | 3.30%                 | No            |                  3 | On Loan: No      |
| Plantation Crossing Apart LLC                                | Plantation Crossing Apart, LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4656954 | PA      | $4229613.06   | 0.18%             | 2031-09-01      | Fixed         | 3.04%                 | No            |                  3 | On Loan: No      |
| JGK Garden Grove LP                                          | JGK Garden Grove, LP                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3500000 | PA      | $3116351.00   | 0.13%             | 2032-02-01      | Fixed         | 2.79%                 | No            |                  3 | On Loan: No      |
| CROSSINGS COMPANY LP SHIRE II ASSOCIATES LP                  | CROSSINGS COMPANY LP SHIRE II ASSOCIATES LP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6600000 | PA      | $5865677.40   | 0.24%             | 2031-10-01      | Fixed         | 2.78%                 | No            |                  3 | On Loan: No      |
| CATON HOUSE APARTMENTS LLC CATON HOUSE APARTMENTS LLC        | CATON HOUSE APARTMENTS LLC CATON HOUSE APARTMENTS LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3636449 | PA      | $3015300.02   | 0.12%             | 2036-09-01      | Fixed         | 2.74%                 | No            |                  3 | On Loan: No      |
| MONTROSE MANOR APRT APARTMENTS LLC                           | MONTROSE MANOR APRT APARTMENTS LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5181940 | PA      | $4326184.12   | 0.18%             | 2036-09-01      | Fixed         | 2.74%                 | No            |                  3 | On Loan: No      |
| BAYSIDE SQUARE INVESTMT S LLC BAYSIDE SQUARE INVESTMT S LLC  | BAYSIDE SQUARE INVESTMT S LLC BAYSIDE SQUARE INVESTMT S LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11900000 | PA      | $9469187.00   | 0.39%             | 2042-02-01      | Fixed         | 3.48%                 | No            |                  3 | On Loan: No      |
| PEP   1929 SOUTH CONGRESS AVENUE LP                          | PEP   1929 SOUTH CONGRESS AVENUE, LP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5100000 | PA      | $5231381.10   | 0.22%             | 2030-06-01      | Fixed         | 5.46%                 | No            |                  3 | On Loan: No      |
| MONRO   PONDEROSA LLC MONRO   PONDEROSA LLC                  | MONRO   PONDEROSA, LLC MONRO   PONDEROSA, LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10114510.00  | 0.42%             | 2035-07-01      | Fixed         | 5.43%                 | No            |                  3 | On Loan: No      |
| CONTINENTAL SKYPARK LLC CONTINENTAL SKYPARK LLC              | CONTINENTAL SKYPARK LLC CONTINENTAL SKYPARK LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  24800000 | PA      | $25902186.40  | 1.07%             | 2035-08-01      | Fixed         | 5.87%                 | No            |                  3 | On Loan: No      |
| ROWLAND L.L.C. ROWLAND L.L.C.                                | ROWLAND, L.L.C. ROWLAND, L.L.C.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7089008 | PA      | $7217666.76   | 0.30%             | 2030-08-01      | Fixed         | 5.54%                 | No            |                  3 | On Loan: No      |
| LASSEN SELF STORAGE LP LASSEN SELF STORAGE LP                | LASSEN SELF STORAGE, LP LASSEN SELF STORAGE, LP              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3800000 | PA      | $3968378.00   | 0.16%             | 2035-02-01      | Fixed         | 6.03%                 | No            |                  3 | On Loan: No      |
| VOYAGER RV RESORT MHC                                        | VOYAGER RV RESORT MHC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  36928270 | PA      | $36379072.70  | 1.51%             | 2029-06-01      | Fixed         | 4.10%                 | No            |                  3 | On Loan: No      |
| WG OPELOUSAS LA L.L.C.                                       | WG OPELOUSAS LA L.L.C.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    831653 | PA      | $880202.46    | 0.04%             | 2028-05-01      | Fixed         | 7.29%                 | No            |                  3 | On Loan: No      |
| TIVOLI ORLANDO ASSOCIATES LTD.                               | TIVOLI ORLANDO ASSOCIATES LTD.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8617231 | PA      | $9015657.21   | 0.37%             | 2027-10-01      | Fixed         | 6.75%                 | No            |                  3 | On Loan: No      |
| ST.INDIAN RIDGE LLC                                          | ST.INDIAN RIDGE LLC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3052726 | PA      | $3189081.60   | 0.13%             | 2029-08-01      | Fixed         | 6.59%                 | No            |                  3 | On Loan: No      |
| THF GREENGATE DEVELOPMENT L.P.                               | THF GREENGATE DEVELOPMENT L.P.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  22502881 | PA      | $22499842.97  | 0.93%             | 2025-10-01      | Fixed         | 6.32%                 | No            |                  3 | On Loan: No      |
| VALLEY SQUARE I L.P.                                         | VALLEY SQUARE I L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  14137615 | PA      | $14166809.12  | 0.59%             | 2026-02-01      | Fixed         | 5.49%                 | No            |                  3 | On Loan: No      |
| PARC CENTER DRIVE JOINT VENTUR                               | PARC CENTER DRIVE JOINT VENTUR                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1687788 | PA      | $1743030.50   | 0.07%             | 2032-02-01      | Fixed         | 5.48%                 | No            |                  3 | On Loan: No      |
| BW LOGAN LLC                                                 | BW LOGAN LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1451877 | PA      | $1491589.13   | 0.06%             | 2028-04-01      | Fixed         | 6.37%                 | No            |                  3 | On Loan: No      |
| MANOA SHOPPING CENTER ASSOCIAT                               | MANOA SHOPPING CENTER ASSOCIAT                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3953893 | PA      | $4214842.32   | 0.17%             | 2030-03-01      | Fixed         | 7.06%                 | No            |                  3 | On Loan: No      |
| SILVERADO RANCH CENTRE LLC                                   | SILVERADO RANCH CENTRE LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3968589 | PA      | $4246048.94   | 0.18%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| 1635 DIVISADERO MEDICAL BUILDI                               | 1635 DIVISADERO MEDICAL BUILDI                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6736715 | PA      | $7036384.01   | 0.29%             | 2030-06-01      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| 1635 DIVISADERO MEDICAL BUILDI                               | 1635 DIVISADERO MEDICAL BUILDI                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3326094 | PA      | $3225010.55   | 0.13%             | 2030-06-01      | Fixed         | 3.95%                 | No            |                  3 | On Loan: No      |
| 5021 ST LLC                                                  | 5021 ST LLC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  30386199 | PA      | $29038631.92  | 1.20%             | 2040-09-01      | Fixed         | 4.39%                 | No            |                  3 | On Loan: No      |
| PLAZA INV. A CALIFORNIA LIMITE                               | PLAZA INV. A CALIFORNIA LIMITE                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  25679653 | PA      | $25582532.24  | 1.06%             | 2026-05-01      | Fixed         | 3.91%                 | No            |                  3 | On Loan: No      |
| 14G OMCC LLC OLYMPIC MILLS COM CTRLLC                        | 14G OMCC LLC OLYMPIC MILLS COM CTR,LLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9048687 | PA      | $8305889.54   | 0.34%             | 2036-03-01      | Fixed         | 4.06%                 | No            |                  3 | On Loan: No      |
| POP 3 RAVINIA LLC                                            | POP 3 RAVINIA, LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        | 108191205 | PA      | $99720049.79  | 4.13%             | 2042-01-01      | Fixed         | 4.46%                 | No            |                  3 | On Loan: No      |
| GATEWAY MHP LTD.                                             | GATEWAY MHP, LTD.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8784177 | PA      | $8659757.50   | 0.36%             | 2029-07-01      | Fixed         | 3.95%                 | No            |                  3 | On Loan: No      |
| BANDICOOT LLC                                                | BANDICOOT LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15000000 | PA      | $13832205.00  | 0.57%             | 2030-06-01      | Fixed         | 2.95%                 | No            |                  3 | On Loan: No      |
| 1360 SUMMITRIDGE RS LLC                                      | 1360 SUMMITRIDGE RS LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4492918 | PA      | $4161017.15   | 0.17%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  3 | On Loan: No      |
| ACCORD/PAC MEMBERS LLC                                       | ACCORD/PAC MEMBERS LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7301392 | PA      | $6210914.51   | 0.26%             | 2040-09-01      | Fixed         | 3.50%                 | No            |                  3 | On Loan: No      |
| PEPPERWOOD APARTMENTS LLC                                    | PEPPERWOOD APARTMENTS LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3500000 | PA      | $3160356.50   | 0.13%             | 2030-10-01      | Fixed         | 2.89%                 | No            |                  3 | On Loan: No      |
| THE FAIRWAYS AT DERBY A LIMITED PARTNERSHIP                  | THE FAIRWAYS AT DERBY A LIMITED PARTNERSHIP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5020193 | PA      | $4395680.89   | 0.18%             | 2037-01-01      | Fixed         | 2.56%                 | No            |                  3 | On Loan: No      |
| MEDICAL OAKS PAVILION PH III LTD                             | MEDICAL OAKS PAVILION PH III LTD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8506446 | PA      | $7168390.62   | 0.30%             | 2040-11-01      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| FOREST MEADOWS VILLAS LTD. CML                               | FOREST MEADOWS VILLAS LTD. CML                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1935375 | PA      | $1647259.27   | 0.07%             | 2035-12-01      | Fixed         | 2.77%                 | No            |                  3 | On Loan: No      |
| KIMBERLY PARTNERS OF ALBANY LP                               | KIMBERLY PARTNERS OF ALBANY LP                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4393926 | PA      | $3963044.39   | 0.16%             | 2030-12-01      | Fixed         | 2.92%                 | No            |                  3 | On Loan: No      |
| GEORGETOWN MEWS OWNERS CORP. MORTGAGE BOND                   | GEORGETOWN MEWS OWNERS CORP. MORTGAGE BOND                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6086805 | PA      | $5158536.52   | 0.21%             | 2036-01-01      | Fixed         | 2.87%                 | No            |                  3 | On Loan: No      |
| FAIRGROUNDS APARTMENTS A LIMITED PARTNERSHIP                 | FAIRGROUNDS APARTMENTS A LIMITED PARTNERSHIP                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2329079 | PA      | $2062387.65   | 0.09%             | 2036-01-01      | Fixed         | 2.49%                 | No            |                  3 | On Loan: No      |
| EASTWOOD APTS OF SPRINGDALE A LIMITED PARTNERSHIP            | EASTWOOD APTS OF SPRINGDALE A LIMITED PARTNERSHIP            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2037944 | PA      | $1801281.43   | 0.07%             | 2036-01-01      | Fixed         | 2.49%                 | No            |                  3 | On Loan: No      |
| BURROUGHS LPM LIMITED PARTERSHIP                             | BURROUGHS LPM LIMITED PARTERSHIP                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11246230 | PA      | $9390680.77   | 0.39%             | 2036-01-01      | Fixed         | 2.98%                 | No            |                  3 | On Loan: No      |
| AVENTURA AT RICHMOND LLC                                     | AVENTURA AT RICHMOND LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3626316 | PA      | $3266045.02   | 0.14%             | 2031-01-01      | Fixed         | 2.21%                 | No            |                  3 | On Loan: No      |
| CLAGB LLC CML                                                | CLAGB, LLC CML                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5364484 | PA      | $4418865.13   | 0.18%             | 2036-02-01      | Fixed         | 2.68%                 | No            |                  3 | On Loan: No      |
| AVENTURA AT MID RIVERS LLC                                   | AVENTURA AT MID RIVERS LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4180778 | PA      | $3773850.40   | 0.16%             | 2031-02-01      | Fixed         | 2.39%                 | No            |                  3 | On Loan: No      |
| HARBORGATE LLC                                               | HARBORGATE, LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8909270 | PA      | $8010734.49   | 0.33%             | 2031-01-01      | Fixed         | 2.61%                 | No            |                  3 | On Loan: No      |
| AMERICAN FORK OW LLC                                         | AMERICAN FORK OW, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5191324 | PA      | $4303986.59   | 0.18%             | 2036-02-10      | Fixed         | 2.90%                 | No            |                  3 | On Loan: No      |
| WOODS MILL PARK APARTMENTS LLC                               | WOODS MILL PARK APARTMENTS LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4154218 | PA      | $3476805.89   | 0.14%             | 2041-02-01      | Fixed         | 2.61%                 | No            |                  3 | On Loan: No      |
| WAREHOUSE ASSOCIATES CORP CENTRE SHEPHERD LTD                | WAREHOUSE ASSOCIATES CORP CENTRE SHEPHERD, LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8229993 | PA      | $7399924.41   | 0.31%             | 2031-02-01      | Fixed         | 3.14%                 | No            |                  3 | On Loan: No      |
| REP 2035 LLC                                                 | REP 2035 LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  16038303 | PA      | $13232803.05  | 0.55%             | 2035-12-01      | Fixed         | 3.26%                 | No            |                  3 | On Loan: No      |
| TSCA 232 LIMTIED PARTERSHIP                                  | TSCA 232 LIMTIED PARTERSHIP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3500000 | PA      | $3612248.50   | 0.15%             | 2035-11-01      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| FSH BOYLSTON INC. FSH BOYLSTON INC.                          | FSH BOYLSTON, INC. FSH BOYLSTON, INC.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $20240820.00  | 0.84%             | 2030-08-01      | Fixed         | 5.36%                 | No            |                  3 | On Loan: No      |
| MAVERICK CREEK APTS LLC                                      | MAVERICK CREEK APTS LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6200000 | PA      | $6279901.45   | 0.26%             | 2030-11-01      | Fixed         | 4.99%                 | No            |                  3 | On Loan: No      |
| CHIMNEYS OF OAK CREEK LLC                                    | CHIMNEYS OF OAK CREEK, LLC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6300000 | PA      | $6366338.81   | 0.26%             | 2035-10-01      | Fixed         | 5.53%                 | No            |                  3 | On Loan: No      |
| LA VERNE VILLAGE, LLC                                        | LA VERNE VILLAGE, LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10147510.00  | 0.42%             | 2035-10-01      | Fixed         | 5.53%                 | No            |                  3 | On Loan: No      |
| Central Way Plaza LLC                                        | Central Way Plaza, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9230494 | PA      | $8334092.98   | 0.35%             | 2032-03-01      | Fixed         | 2.91%                 | No            |                  3 | On Loan: No      |
| Bref/Masters Cove LLC                                        | Bref/Masters Cove, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6068892 | PA      | $5724773.60   | 0.24%             | 2029-06-01      | Fixed         | 3.07%                 | No            |                  3 | On Loan: No      |
| TOWN CENTER ASSOCIATES TOWN CENTER ASSOCIATES                | TOWN CENTER ASSOCIATES TOWN CENTER ASSOCIATES                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3772106 | PA      | $3567136.98   | 0.15%             | 2029-03-01      | Fixed         | 2.79%                 | No            |                  3 | On Loan: No      |
| CANTON R2G OWNER LLC CANTON R2G OWNER LLC                    | CANTON R2G OWNER LLC CANTON R2G OWNER LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7300000 | PA      | $6892535.90   | 0.29%             | 2029-03-01      | Fixed         | 2.81%                 | No            |                  3 | On Loan: No      |
| BGN Properties Palm Gate LP                                  | BGN Properties Palm Gate, LP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7000000 | PA      | $6229027.00   | 0.26%             | 2032-06-01      | Fixed         | 2.86%                 | No            |                  3 | On Loan: No      |
| THE LINKS AT RAINBOW CURVE A LIMITED PARTNERSHIP             | THE LINKS AT RAINBOW CURVE A LIMITED PARTNERSHIP             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5690132 | PA      | $5358676.56   | 0.22%             | 2032-07-01      | Fixed         | 2.63%                 | No            |                  3 | On Loan: No      |
| BEL BRIDGEPORT LLC BEL BRIDGEPORT LLC                        | BEL BRIDGEPORT LLC BEL BRIDGEPORT LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  19300000 | PA      | $18171490.40  | 0.75%             | 2029-03-01      | Fixed         | 2.84%                 | No            |                  3 | On Loan: No      |
| NCHC 3 LLC  Tbd                                              | NCHC 3, LLC  Tbd                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17237762 | PA      | $15704428.61  | 0.65%             | 2032-02-01      | Fixed         | 3.39%                 | No            |                  3 | On Loan: No      |
| TOPAZ HOUSE LTD PARTNERSHIP TOPAZ HOUSE LTD PARTNERSHIP      | TOPAZ HOUSE LTD PARTNERSHIP TOPAZ HOUSE LTD PARTNERSHIP      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  16323128 | PA      | $13603270.80  | 0.56%             | 2047-04-01      | Fixed         | 3.30%                 | No            |                  3 | On Loan: No      |
| ROLLINS PARK APARTMENT SEC TWO LIMITED PARTNERSHIP           | ROLLINS PARK APARTMENT SEC TWO LIMITED PARTNERSHIP           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9148529 | PA      | $7533355.81   | 0.31%             | 2047-04-01      | Fixed         | 3.21%                 | No            |                  3 | On Loan: No      |
| CONGRESSIONAL PROPERTIES LIMITED PARTNERSHIP                 | CONGRESSIONAL PROPERTIES LIMITED PARTNERSHIP                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5434769 | PA      | $4475260.68   | 0.19%             | 2047-04-01      | Fixed         | 3.21%                 | No            |                  3 | On Loan: No      |
| ROLLINS PARK SECTION III LIMITED PARTNERSHIP                 | ROLLINS PARK SECTION III LIMITED PARTNERSHIP                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3894918 | PA      | $3207270.17   | 0.13%             | 2047-04-01      | Fixed         | 3.21%                 | No            |                  3 | On Loan: No      |
| Kingswick Apartments L.P.                                    | Kingswick Apartments, L.P.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12083361 | PA      | $9971793.48   | 0.41%             | 2042-04-01      | Fixed         | 3.31%                 | No            |                  3 | On Loan: No      |
| HUNTERS PRICE LP HUNTERS PRICE LP                            | HUNTERS PRICE LP HUNTERS PRICE LP                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11500000 | PA      | $10472440.50  | 0.43%             | 2032-04-01      | Fixed         | 3.36%                 | No            |                  3 | On Loan: No      |
| Americana Lakewood V LLC                                     | Americana Lakewood V, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17500000 | PA      | $16048375.00  | 0.66%             | 2032-09-01      | Fixed         | 3.11%                 | No            |                  3 | On Loan: No      |
| PRTC L.P.                                                    | PRTC, L.P.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10780397 | PA      | $9850350.32   | 0.41%             | 2032-05-01      | Fixed         | 3.13%                 | No            |                  3 | On Loan: No      |
| 257 RIDGEWOOD AVE LLC 257 RIDGEWOOD AVE LLC                  | 257 RIDGEWOOD AVE LLC 257 RIDGEWOOD AVE LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10020886 | PA      | $9284120.72   | 0.38%             | 2032-04-01      | Fixed         | 3.56%                 | No            |                  3 | On Loan: No      |
| Platt Partners L.P.                                          | Platt Partners, L.P.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  14000000 | PA      | $11862298.00  | 0.49%             | 2037-05-05      | Fixed         | 3.44%                 | No            |                  3 | On Loan: No      |
| SRB1 LLC SRB1 LLC                                            | SRB1, LLC SRB1, LLC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $20652120.00  | 0.86%             | 2038-09-01      | Fixed         | 5.67%                 | No            |                  3 | On Loan: No      |
| HCFD ROUND ROCK LTD. HCFD ROUND ROCK LTD.                    | HCFD ROUND ROCK, LTD. HCFD ROUND ROCK, LTD.                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10921222 | PA      | $11109743.78  | 0.46%             | 2049-10-01      | Fixed         | 6.07%                 | No            |                  3 | On Loan: No      |
| LAHABRAWESTRIDGE PARTNERS L.P.                               | LAHABRAWESTRIDGE PARTNERS, L.P.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $21015900.00  | 0.87%             | 2034-09-01      | Fixed         | 5.97%                 | No            |                  3 | On Loan: No      |
| BGN PROPERTIES COVINA PALMS LP BGN PROPERTIES COVINA PALMS L | BGN PROPERTIES COVINA PALMS LP BGN PROPERTIES COVINA PALMS L | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4905973 | PA      | $5103070.68   | 0.21%             | 2034-09-01      | Fixed         | 5.63%                 | No            |                  3 | On Loan: No      |
| PHASE 1A GLC 7 LLC AND SLC PORT PHASE 1A LLC                 | PHASE 1A GLC 7, LLC AND SLC PORT PHASE 1A, LLC               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4936625 | PA      | $5131459.29   | 0.21%             | 2034-09-01      | Fixed         | 5.83%                 | No            |                  3 | On Loan: No      |
| MACAW PHOEBE INVESTORS MACAW PHOEBE INVESTORS                | MACAW PHOEBE INVESTORS MACAW PHOEBE INVESTORS                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6600000 | PA      | $6811906.20   | 0.28%             | 2035-09-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| RANCHO SAN MARINO PARTNERS A CALI GENERAL PARTNERSHIP        | RANCHO SAN MARINO PARTNERS A CALI GENERAL PARTNERSHIP        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10200000 | PA      | $10599819.60  | 0.44%             | 2034-10-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| OLTMANSINVTSMNTCO LLC ADELAWARELTDLIABILITYCO                | OLTMANSINVTSMNTCO, LLC, ADELAWARELTDLIABILITYCO              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4300000 | PA      | $4474919.70   | 0.19%             | 2033-10-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| INJANS INVESTMENTS ACALIFORNIAGENERALPARTNERSHIP             | INJANS INVESTMENTS, ACALIFORNIAGENERALPARTNERSHIP            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3400000 | PA      | $3515889.00   | 0.15%             | 2034-10-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| 183RD LA PALMA INVESTORS 183RD LA PALMA INVESTORS            | 183RD LA PALMA INVESTORS 183RD LA PALMA INVESTORS            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9800000 | PA      | $10185767.20  | 0.42%             | 2034-10-01      | Fixed         | 5.51%                 | No            |                  3 | On Loan: No      |
| CAVALIERAPATMNTSPARTNERSHIP CAVALIERAPATMNTSPARTNERSHIP      | CAVALIERAPATMNTSPARTNERSHIP CAVALIERAPATMNTSPARTNERSHIP      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2700000 | PA      | $2748948.30   | 0.11%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| CORE POWER BRIDGEPOINTE LLC CORE POWER BRIDGEPOINTE LLC      | CORE POWER BRIDGEPOINTE, LLC CORE POWER BRIDGEPOINTE, LLC    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $20347480.00  | 0.84%             | 2035-01-01      | Fixed         | 5.69%                 | No            |                  3 | On Loan: No      |
| 34TH ST. SOUTH LLC 34TH ST. SOUTH LLC                        | 34TH ST. SOUTH, LLC 34TH ST. SOUTH, LLC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  27500000 | PA      | $28297527.50  | 1.17%             | 2034-12-01      | Fixed         | 5.84%                 | No            |                  3 | On Loan: No      |
| CITY TOWN CENTER L.P.+ CITYTOWN CENTER BEST BUYL.P.          | CITY TOWN CENTER, L.P.+ CITYTOWN CENTER BEST BUY,L.P.        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5116090.00   | 0.21%             | 2035-01-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| 440 WEST END APARTMENTS CORP. 440 WEST END APARTMENTS CORP.  | 440 WEST END APARTMENTS CORP. 440 WEST END APARTMENTS CORP.  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5200000 | PA      | $5422138.80   | 0.22%             | 2035-03-01      | Fixed         | 5.76%                 | No            |                  3 | On Loan: No      |
| SIC 501 SECOND STREET LLC SIC 501 SECOND STREET LLC          | SIC 501 SECOND STREET, LLC SIC 501 SECOND STREET, LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10346230.00  | 0.43%             | 2033-07-01      | Fixed         | 6.74%                 | No            |                  3 | On Loan: No      |
| WATERIDGE GOODMAN INVESTORS LLC                              | WATERIDGE GOODMAN INVESTORS LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2991294 | PA      | $3097400.77   | 0.13%             | 2035-08-01      | Fixed         | 5.98%                 | No            |                  3 | On Loan: No      |
| BAYSHORE VILLAGE, LTD. BAYSHORE VILLAGE, LTD.                | BAYSHORE VILLAGE, LTD. BAYSHORE VILLAGE, LTD.                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5149615.00   | 0.21%             | 2035-07-01      | Fixed         | 5.65%                 | No            |                  3 | On Loan: No      |
| BEL STATESVILLE LIMITED PARTNERSHIP (DELAWARE)               | BEL STATESVILLE LIMITED PARTNERSHIP (DELAWARE)               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  23300000 | PA      | $24187077.60  | 1.00%             | 2035-07-01      | Fixed         | 5.87%                 | No            |                  3 | On Loan: No      |
| UNIVERSITY FESTIVALL.C. UNIVERSITY FESTIVALL.C.              | UNIVERSITY FESTIVAL,L.C. UNIVERSITY FESTIVAL,L.C.            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8449118 | PA      | $8676830.12   | 0.36%             | 2035-05-01      | Fixed         | 5.81%                 | No            |                  3 | On Loan: No      |
| MESA TOWN CENTER LLC MESA TOWN CENTER LLC                    | MESA TOWN CENTER, LLC MESA TOWN CENTER, LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5225380.00   | 0.22%             | 2035-06-01      | Fixed         | 6.18%                 | No            |                  3 | On Loan: No      |
| ASIAN GARDEN LLC ASIAN GARDEN LLC                            | ASIAN GARDEN, LLC ASIAN GARDEN, LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  19000000 | PA      | $19579139.00  | 0.81%             | 2035-08-01      | Fixed         | 5.93%                 | No            |                  3 | On Loan: No      |
| WRD LINCOLN SHORES LLC WRD LINCOLN SHORES LLC                | WRD LINCOLN SHORES LLC WRD LINCOLN SHORES LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  30000000 | PA      | $30689550.00  | 1.27%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| ANDREW D. GUMBERGASTRUSTEE CORAL RIDGE SHOPPING CENTER TR    | ANDREW D. GUMBERG,ASTRUSTEE CORAL RIDGE SHOPPING CENTER TR   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20412839 | PA      | $21252806.74  | 0.88%             | 2035-06-01      | Fixed         | 6.15%                 | No            |                  3 | On Loan: No      |
| GWL 11 CONSTITUTION LLC GWL 11 CONSTITUTION LLC              | GWL 11 CONSTITUTION LLC GWL 11 CONSTITUTION LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8300000 | PA      | $8512944.80   | 0.35%             | 2035-05-01      | Fixed         | 5.65%                 | No            |                  3 | On Loan: No      |
| HARBOR CENTER PARTNERS LP GALTG PARTNERS LP                  | HARBOR CENTER PARTNERS LP GALTG PARTNERS LP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1863235 | PA      | $1924209.66   | 0.08%             | 2032-10-01      | Fixed         | 5.63%                 | No            |                  3 | On Loan: No      |
| WEEKS PIERCE HOLDINGS LLC WEEKS PIERCE HOLDINGS LLC          | WEEKS PIERCE HOLDINGS, LLC WEEKS PIERCE HOLDINGS, LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7973610 | PA      | $8152234.87   | 0.34%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| NORTHRIDGE GARDEN ASSOCIATES LLC                             | NORTHRIDGE GARDEN ASSOCIATES LLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5300000 | PA      | $4886377.40   | 0.20%             | 2031-07-01      | Fixed         | 3.02%                 | No            |                  3 | On Loan: No      |
| LASSEN ASSOCIATES LLC                                        | LASSEN ASSOCIATES LLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5300000 | PA      | $4886377.40   | 0.20%             | 2031-07-01      | Fixed         | 3.02%                 | No            |                  3 | On Loan: No      |
| NORTHBRIDGE PARK CO OP INC                                   | NORTHBRIDGE PARK CO OP INC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8879756 | PA      | $7048261.77   | 0.29%             | 2051-06-01      | Fixed         | 3.64%                 | No            |                  3 | On Loan: No      |
| 1600 DOVE LP + GS 1600 DOVE LLC                              | 1600 DOVE LP + GS 1600 DOVE LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4121235 | PA      | $3155266.90   | 0.13%             | 2031-06-01      | Fixed         | 3.67%                 | No            |                  3 | On Loan: No      |
| Nat City SPE LLC                                             | Nat City SPE, LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1869903 | PA      | $1620860.34   | 0.07%             | 2035-02-01      | Fixed         | 3.98%                 | No            |                  3 | On Loan: No      |
| COLT STREET PARTNERS LLC COLT STREET PARTNERS LLC            | COLT STREET PARTNERS LLC COLT STREET PARTNERS LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9237743 | PA      | $8114858.55   | 0.34%             | 2035-01-01      | Fixed         | 3.29%                 | No            |                  3 | On Loan: No      |
| 20290201D ARBORETUM LLC NORTHLAND ARBORETUM LLC              | 20290201D ARBORETUM LLC NORTHLAND ARBORETUM LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5900000 | PA      | $5565015.70   | 0.23%             | 2029-01-01      | Fixed         | 2.80%                 | No            |                  3 | On Loan: No      |
| CHIMNEY TOP LLC CHIMNEY TOP LLC                              | CHIMNEY TOP LLC CHIMNEY TOP LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6800000 | PA      | $6405192.00   | 0.27%             | 2029-02-01      | Fixed         | 2.91%                 | No            |                  3 | On Loan: No      |
| 192 INVESTORS LLC                                            | 192 INVESTORS LLC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15997343 | PA      | $15611998.77  | 0.65%             | 2029-08-01      | Fixed         | 3.75%                 | No            |                  3 | On Loan: No      |
| DOWNTOWN WOODINVILLE LLC                                     | DOWNTOWN WOODINVILLE, LLC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  65000000 | PA      | $63924900.00  | 2.65%             | 2029-06-01      | Fixed         | 3.83%                 | No            |                  3 | On Loan: No      |
| CREEKSIDE AT AMHERST APT LLL                                 | CREEKSIDE AT AMHERST APT LLL                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10463073 | PA      | $9920897.45   | 0.41%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  3 | On Loan: No      |
| SPRING PARK APTS SPRING TX                                   | SPRING PARK APTS, SPRING, TX                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17100000 | PA      | $15709923.90  | 0.65%             | 2031-10-01      | Fixed         | 3.44%                 | No            |                  3 | On Loan: No      |
| VILLAGES AT CLEAR SPRINGS APTS                               | VILLAGES AT CLEAR SPRINGS APTS                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15000000 | PA      | $14250270.00  | 0.59%             | 2029-10-01      | Fixed         | 3.34%                 | No            |                  3 | On Loan: No      |
| STONY ISLAND PLAZA                                           | STONY ISLAND PLAZA                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5268465 | PA      | $4716266.83   | 0.20%             | 2034-10-01      | Fixed         | 3.62%                 | No            |                  3 | On Loan: No      |
| WINDSOR PLACE APARTMENTS                                     | WINDSOR PLACE APARTMENTS                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9098285 | PA      | $8449231.44   | 0.35%             | 2032-02-01      | Fixed         | 3.53%                 | No            |                  3 | On Loan: No      |
| NATIONAL CITY PLAZA                                          | NATIONAL CITY PLAZA                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8038154 | PA      | $7334638.52   | 0.30%             | 2035-02-01      | Fixed         | 4.11%                 | No            |                  3 | On Loan: No      |
| FPACP3 GREENVILLE LLC                                        | FPACP3 GREENVILLE, LLC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8950000 | PA      | $8504084.15   | 0.35%             | 2030-03-01      | Fixed         | 3.44%                 | No            |                  3 | On Loan: No      |
| CORP CENTER WEST ASSOC LLC                                   | CORP CENTER WEST ASSOC, LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12500000 | PA      | $10984237.50  | 0.46%             | 2035-04-01      | Fixed         | 3.65%                 | No            |                  3 | On Loan: No      |
| CAPRI APARTMENTS LLC MORTGAGE NOTE                           | CAPRI APARTMENTS LLC MORTGAGE NOTE                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6500000 | PA      | $6108199.50   | 0.25%             | 2030-04-01      | Fixed         | 3.36%                 | No            |                  3 | On Loan: No      |
| REGENT GARDEN ASSOC LLC                                      | REGENT GARDEN ASSOC, LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        | 110418547 | PA      | $98141550.61  | 4.07%             | 2035-03-10      | Fixed         | 3.25%                 | No            |                  3 | On Loan: No      |
| SUNNYSIDE MARKETPLACE LLC DEED OF TRUST NOTE                 | SUNNYSIDE MARKETPLACE LLC DEED OF TRUST NOTE                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6646599 | PA      | $6279068.79   | 0.26%             | 2030-04-01      | Fixed         | 3.42%                 | No            |                  3 | On Loan: No      |
| GADBERRY COURTS L.P.                                         | GADBERRY COURTS, L.P.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6295132 | PA      | $5701904.06   | 0.24%             | 2032-05-01      | Fixed         | 3.33%                 | No            |                  3 | On Loan: No      |
| ROSE GARDENS SENIOR L.P.                                     | ROSE GARDENS SENIOR, L.P.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7891081 | PA      | $7114093.26   | 0.29%             | 2032-05-01      | Fixed         | 3.33%                 | No            |                  3 | On Loan: No      |
| WOODLANE PLACE TOWNHOMES LLC                                 | WOODLANE PLACE TOWNHOMES LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8793339 | PA      | $7526675.74   | 0.31%             | 2035-05-05      | Fixed         | 2.90%                 | No            |                  3 | On Loan: No      |
| WOODS I LLC                                                  | WOODS I LLC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6650503 | PA      | $6151336.07   | 0.25%             | 2030-07-01      | Fixed         | 3.10%                 | No            |                  3 | On Loan: No      |
| PADEMELON LLC                                                | PADEMELON LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6000000 | PA      | $5543058.00   | 0.23%             | 2030-06-01      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| PLATYPUS LLC                                                 | PLATYPUS LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4000000 | PA      | $3683884.00   | 0.15%             | 2030-06-01      | Fixed         | 2.95%                 | No            |                  3 | On Loan: No      |
| 11 WEST PARTNERS 95 LLC 11 WEST PARTNERS 95 LLC              | 11 WEST PARTNERS 95, LLC 11 WEST PARTNERS 95, LLC            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9363958 | PA      | $8681915.22   | 0.36%             | 2032-05-01      | Fixed         | 3.77%                 | No            |                  3 | On Loan: No      |
| Creekwood Centre Denton LLC                                  | Creekwood Centre Denton, LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11000000 | PA      | $10122002.00  | 0.42%             | 2032-04-01      | Fixed         | 3.40%                 | No            |                  3 | On Loan: No      |
| LADERA CORPORATE TERRACE SOUTH LLC                           | LADERA CORPORATE TERRACE SOUTH, LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7041196 | PA      | $6527484.15   | 0.27%             | 2032-06-01      | Fixed         | 3.87%                 | No            |                  3 | On Loan: No      |
| LB PCH ASSOCIATES LLC LB PCH ASSOCIATES LLC                  | LB PCH ASSOCIATES LLC LB PCH ASSOCIATES LLC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  17149923 | PA      | $15900722.60  | 0.66%             | 2032-05-01      | Fixed         | 3.87%                 | No            |                  3 | On Loan: No      |
| Willow Creek Court LLC                                       | Willow Creek Court, LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6910130 | PA      | $6008903.75   | 0.25%             | 2052-07-01      | Fixed         | 4.53%                 | No            |                  3 | On Loan: No      |
| OCEAN POINTE VENTURE FUND I L OCEAN POINTE VENTURE FUND I    | OCEAN POINTE VENTURE FUND I, L OCEAN POINTE VENTURE FUND I,  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6986442 | PA      | $6398574.50   | 0.27%             | 2047-08-01      | Fixed         | 4.84%                 | No            |                  3 | On Loan: No      |
| L+B DEPP/UCEPP 5500 PRESTON RD. INC                          | L+B DEPP/UCEPP 5500 PRESTON RD., INC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  18500000 | PA      | $18362341.50  | 0.76%             | 2029-07-01      | Fixed         | 4.49%                 | No            |                  3 | On Loan: No      |
| CE ENTERPRISE PARTNERS ILLC CE ENTERPRISE PARTNERS ILLC      | CE ENTERPRISE PARTNERS I,LLC CE ENTERPRISE PARTNERS I,LLC    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3898484 | PA      | $3848306.79   | 0.16%             | 2032-07-01      | Fixed         | 4.70%                 | No            |                  3 | On Loan: No      |
| HARBOR CENTER PARTNERS LP GALTG PARTNERS LP                  | HARBOR CENTER PARTNERS LP GALTG PARTNERS LP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  18100000 | PA      | $18007599.50  | 0.75%             | 2032-09-01      | Fixed         | 4.72%                 | No            |                  3 | On Loan: No      |
| AMAN INC. AMAN INC.                                          | AMAN INC. AMAN INC.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  21765464 | PA      | $21275784.71  | 0.88%             | 2029-12-01      | Fixed         | 5.17%                 | No            |                  3 | On Loan: No      |
| PEACERANCHPEACE ANCH MADISON PEACERANCHSBLLC                 | PEACERANCH,PEACE ANCH MADISON PEACERANCHSBLLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5037360.00   | 0.21%             | 2027-09-01      | Fixed         | 5.57%                 | No            |                  3 | On Loan: No      |
| AROW FREMONT BLVD LLC AROWLITTLEFIELD AROWVOLPEY             | AROW FREMONT BLVD LLC AROWLITTLEFIELD AROWVOLPEY             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $5009155.00   | 0.21%             | 2027-11-05      | Fixed         | 4.42%                 | No            |                  3 | On Loan: No      |
| JB IV V LLC JB IV V LLC                                      | JB IV V LLC JB IV V LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4904330.00   | 0.20%             | 2032-12-01      | Fixed         | 4.58%                 | No            |                  3 | On Loan: No      |
| CONTINENTAL PLAZA LLC CONTINENTAL PLAZA LLC                  | CONTINENTAL PLAZA, LLC CONTINENTAL PLAZA, LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4811510 | PA      | $5031194.23   | 0.21%             | 2033-01-01      | Fixed         | 5.49%                 | No            |                  3 | On Loan: No      |
| LN BEAR CREEK LLC LN BEAR CREEK LLC                          | LN BEAR CREEK, LLC LN BEAR CREEK, LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4811510 | PA      | $5031194.24   | 0.21%             | 2033-01-01      | Fixed         | 5.49%                 | No            |                  3 | On Loan: No      |
| MCCUE VENTURES LLC MCCUE VENTURES LLC                        | MCCUE VENTURES LLC MCCUE VENTURES LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11224217 | PA      | $10962344.62  | 0.45%             | 2058-05-01      | Fixed         | 5.57%                 | No            |                  3 | On Loan: No      |
| CRAWFORD LONG CPI LLC CRAWFORD LONG CPI LLC                  | CRAWFORD LONG CPI, LLC CRAWFORD LONG CPI, LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  31500000 | PA      | $31672273.50  | 1.31%             | 2032-06-01      | Fixed         | 4.80%                 | No            |                  3 | On Loan: No      |
| INTERPARK HOLDINGS LLC INTERPARK HOLDINGS LLC                | INTERPARK HOLDINGS, LLC INTERPARK HOLDINGS, LLC              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  48586403 | PA      | $49797905.38  | 2.06%             | 2033-07-01      | Fixed         | 5.86%                 | No            |                  3 | On Loan: No      |
| DS SANTA ROSA LP DS SANTA ROSA LP                            | DS SANTA ROSA LP DS SANTA ROSA LP                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10416980.00  | 0.43%             | 2035-08-01      | Fixed         | 5.73%                 | No            |                  3 | On Loan: No      |
| State Street Bank and Trust Company                          | SCC GOVERMENT MM GVXX 20301231 00001.0000000000              | CUSIP: 7839989D1<br>LEI: 571474TGEMMWANRLN572 | Long             | STIV             | RF                | US        |  51010982 | NS      | $51010982.33  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AVAMER 57 FEE LLC AVAMER 57 FEE LLC                          | AVAMER 57 FEE LLC AVAMER 57 FEE LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $9713510.00   | 0.40%             | 2026-11-01      | Fixed         | 2.31%                 | No            |                  3 | On Loan: No      |
| BIGOS CEDARS LAKESIDE LLC BIGOS CEDARS LAKESIDE LLC          | BIGOS CEDARS LAKESIDE LLC BIGOS CEDARS LAKESIDE LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6400000 | PA      | $5680198.40   | 0.24%             | 2031-11-01      | Fixed         | 2.53%                 | No            |                  3 | On Loan: No      |
| 1419 POTRERO LLC MORTGAGE BOND                               | 1419 POTRERO, LLC MORTGAGE BOND                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5216612 | PA      | $4754743.98   | 0.20%             | 2030-09-01      | Fixed         | 3.66%                 | No            |                  3 | On Loan: No      |
| PLUM GROVE ROLLING MEADOWS LLC                               | PLUM GROVE ROLLING MEADOWS LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3500000 | PA      | $2808113.00   | 0.12%             | 2036-03-01      | Fixed         | 2.92%                 | No            |                  3 | On Loan: No      |
| BEVERLY WEST SQUARE ASSOCIATES                               | BEVERLY WEST SQUARE ASSOCIATES                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5338520 | PA      | $5533247.35   | 0.23%             | 2030-12-01      | Fixed         | 5.56%                 | No            |                  3 | On Loan: No      |
| DNP REGIO LLC HPP REGIO LLC                                  | DNP REGIO, LLC HPP REGIO LLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11449360 | PA      | $9458625.55   | 0.39%             | 2036-10-01      | Fixed         | 3.11%                 | No            |                  3 | On Loan: No      |
| 955 995 STEWART DRIVE LLC 955 995 STEWART DRIVE LLC          | 955 995 STEWART DRIVE LLC 955 995 STEWART DRIVE LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  20000000 | PA      | $17643560.00  | 0.73%             | 2032-01-01      | Fixed         | 2.36%                 | No            |                  3 | On Loan: No      |
| SF LYNNWOOD CROSSROADS LLC SF LYNNWOOD CROSSROADS LLC        | SF LYNNWOOD CROSSROADS LLC SF LYNNWOOD CROSSROADS LLC        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3854000 | PA      | $3834625.94   | 0.16%             | 2032-09-01      | Fixed         | 4.78%                 | No            |                  3 | On Loan: No      |
| COLTONMYLESSTANDISH BURNETTROAD ST.MARKPROPERTYLLC           | COLTON,MYLESSTANDISH BURNETTROAD ST.MARKPROPERTYLLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  39491119 | PA      | $40641652.96  | 1.68%             | 2036-09-01      | Fixed         | 5.81%                 | No            |                  3 | On Loan: No      |
| JJ Carson LLC                                                | JJ Carson, LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11531082 | PA      | $10267828.76  | 0.43%             | 2031-11-01      | Fixed         | 2.95%                 | No            |                  3 | On Loan: No      |
| BERKSHIRE APARTMENTS LLC                                     | BERKSHIRE APARTMENTS LLC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5364997 | PA      | $4255590.76   | 0.18%             | 2046-03-01      | Fixed         | 2.66%                 | No            |                  3 | On Loan: No      |
| ARTESIA CAPITAL II LLC ARTESIA CAPITAL II LLC                | ARTESIA CAPITAL II LLC ARTESIA CAPITAL II LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4708260.00   | 0.20%             | 2029-01-01      | Fixed         | 2.47%                 | No            |                  3 | On Loan: No      |
| DELPHI INVESTORS LLC                                         | DELPHI INVESTORS LLC                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8911708 | PA      | $7981887.02   | 0.33%             | 2031-01-01      | Fixed         | 2.52%                 | No            |                  3 | On Loan: No      |
| WPC   TRIAD LLC                                              | WPC   TRIAD LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4661529 | PA      | $4156447.35   | 0.17%             | 2031-04-01      | Fixed         | 2.96%                 | No            |                  3 | On Loan: No      |
| INDUSTRY WEST COMMERCE CENTER LLC                            | INDUSTRY WEST COMMERCE CENTER LLC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   8980915 | PA      | $7061397.09   | 0.29%             | 2041-03-01      | Fixed         | 2.81%                 | No            |                  3 | On Loan: No      |
| CHANDLER PROP DEVELOPMENT ASSOCIATES LP                      | CHANDLER PROP DEVELOPMENT ASSOCIATES LP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6974234 | PA      | $6041297.53   | 0.25%             | 2033-03-01      | Fixed         | 2.55%                 | No            |                  3 | On Loan: No      |
| MESA BROADWAY PROPERTY LP                                    | MESA BROADWAY PROPERTY LP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4291836 | PA      | $3717721.80   | 0.15%             | 2033-03-01      | Fixed         | 2.55%                 | No            |                  3 | On Loan: No      |
| AVONDALE SIESTA POINTE APARTMENTS LP                         | AVONDALE SIESTA POINTE APARTMENTS LP                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3218878 | PA      | $2788291.57   | 0.12%             | 2033-03-01      | Fixed         | 2.55%                 | No            |                  3 | On Loan: No      |
| SEBRING ASSOC EXCELSIOR TWO LLC                              | SEBRING ASSOC EXCELSIOR TWO LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9001809 | PA      | $6818132.37   | 0.28%             | 2051-03-08      | Fixed         | 2.95%                 | No            |                  3 | On Loan: No      |
| United States Treasury Note/Bond                             | UNITED STATES TREASURY NOTE/BO 05/35 4.25                    | CUSIP: 91282CNC1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  21200000 | PA      | $21395437.50  | 0.89%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                             | UNITED STATES TREASURY NOTE/BO 08/35 4.25                    | CUSIP: 91282CNT4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  40000000 | PA      | $40325000.00  | 1.67%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CASTLEWOOD ASSOCIATES LLC 05/31 FIXED 2.87                   | CASTLEWOOD ASSOCIATES LLC 05/31 FIXED 2.87                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4530330.00   | 0.19%             | 2031-04-01      | Fixed         | 2.87%                 | No            |                  3 | On Loan: No      |
| QUAY WORKS LLC QUAY WORKS LLC                                | QUAY WORKS LLC QUAY WORKS LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11140264 | PA      | $9250607.98   | 0.38%             | 2036-12-01      | Fixed         | 2.79%                 | No            |                  3 | On Loan: No      |
| FREDWOOD LLLP FREDWOOD LLLP                                  | FREDWOOD LLLP FREDWOOD LLLP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3727360 | PA      | $3102401.40   | 0.13%             | 2036-09-01      | Fixed         | 2.74%                 | No            |                  3 | On Loan: No      |
| NEWTON EXECUTIVE PARK LP NEWTON EXECUTIVE PARK LP            | NEWTON EXECUTIVE PARK LP NEWTON EXECUTIVE PARK LP            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4211831 | PA      | $3667245.57   | 0.15%             | 2033-10-01      | Fixed         | 2.57%                 | No            |                  3 | On Loan: No      |
| Tanecap 1 L.P.                                               | Tanecap 1, L.P.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4542154 | PA      | $4018652.60   | 0.17%             | 2031-09-01      | Fixed         | 2.69%                 | No            |                  3 | On Loan: No      |
| CROSS KEYS DEVELOPMENTCOMPANY CROSS KEYS DEVELOPMENTCOMPANY  | CROSS KEYS DEVELOPMENTCOMPANY CROSS KEYS DEVELOPMENTCOMPANY  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  12269540 | PA      | $10713615.00  | 0.44%             | 2033-10-01      | Fixed         | 2.55%                 | No            |                  3 | On Loan: No      |
| NIEDERST PORTAGE TOWERS LLC                                  | NIEDERST PORTAGE TOWERS LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6216484 | PA      | $5538595.10   | 0.23%             | 2031-12-01      | Fixed         | 2.67%                 | No            |                  3 | On Loan: No      |
| THE TRAILS ATTHE CROSSINGSAPRT A LIMITED PARTNERSHIP         | THE TRAILS ATTHE CROSSINGSAPRT A LIMITED PARTNERSHIP         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15577816 | PA      | $13192166.60  | 0.55%             | 2042-01-01      | Fixed         | 2.80%                 | No            |                  3 | On Loan: No      |
| HARBOR BREEZE L.P. HARBOR BREEZE L.P.                        | HARBOR BREEZE L.P. HARBOR BREEZE L.P.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5000000 | PA      | $4392800.00   | 0.18%             | 2031-11-01      | Fixed         | 2.40%                 | No            |                  3 | On Loan: No      |
| MIDWAY MANOR APARTMENTS L.P.                                 | MIDWAY MANOR APARTMENTS, L.P.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3200000 | PA      | $2811392.00   | 0.12%             | 2031-11-01      | Fixed         | 2.40%                 | No            |                  3 | On Loan: No      |
| REHCO LOAN LLC REHCO LOAN LLC                                | REHCO LOAN LLC REHCO LOAN LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4765564 | PA      | $3606111.78   | 0.15%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  3 | On Loan: No      |
| West Valley Properties Inc.                                  | West Valley Properties, Inc.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7000000 | PA      | $5586042.00   | 0.23%             | 2036-12-01      | Fixed         | 2.78%                 | No            |                  3 | On Loan: No      |
| BWP CROWN VALLEY 1 LLC BWP CROWN VALLEY 2 LLC                | BWP CROWN VALLEY 1 LLC BWP CROWN VALLEY 2 LLC                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15000000 | PA      | $11884740.00  | 0.49%             | 2037-04-01      | Fixed         | 3.02%                 | No            |                  3 | On Loan: No      |
| 8421 LYNDALE AVENUE SOUTH LLC 8421 LYNDALE AVENUE SOUTH LLC  | 8421 LYNDALE AVENUE SOUTH LLC 8421 LYNDALE AVENUE SOUTH LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4800153 | PA      | $4498847.60   | 0.19%             | 2028-11-01      | Fixed         | 2.58%                 | No            |                  3 | On Loan: No      |
| MEADOW AND CENTRAL LIMITED PARTNERSHIP                       | MEADOW AND CENTRAL LIMITED PARTNERSHIP                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3686016 | PA      | $3343223.70   | 0.14%             | 2032-01-01      | Fixed         | 3.10%                 | No            |                  3 | On Loan: No      |
| RLIF INTERNATIONAL PARKWAY SPE LLC                           | RLIF INTERNATIONAL PARKWAY SPE, LLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11100000 | PA      | $9462605.70   | 0.39%             | 2033-12-01      | Fixed         | 2.89%                 | No            |                  3 | On Loan: No      |
| Prime/SCRC SPE LLC                                           | Prime/SCRC SPE, LLC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $8861850.00   | 0.37%             | 2031-12-01      | Fixed         | 2.65%                 | No            |                  3 | On Loan: No      |
| Commerce Industrial Park LLC                                 | Commerce Industrial Park, LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  15000000 | PA      | $13328745.00  | 0.55%             | 2031-12-01      | Fixed         | 2.75%                 | No            |                  3 | On Loan: No      |
| PEPPERWARD APARTMENTS LLC PEPPERWARD APARTMENTS LLC          | PEPPERWARD APARTMENTS LLC PEPPERWARD APARTMENTS LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3730336 | PA      | $3622186.08   | 0.15%             | 2027-01-01      | Fixed         | 2.18%                 | No            |                  3 | On Loan: No      |
| WEST LINN SHOPPING CENTER ASSOCIATES LLC                     | WEST LINN SHOPPING CENTER ASSOCIATES, LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7470031 | PA      | $6721907.58   | 0.28%             | 2032-01-01      | Fixed         | 3.16%                 | No            |                  3 | On Loan: No      |
| FAIRFIELD 35 PINELAWN LLC FAIRFIELD 35 PINELAWN LLC          | FAIRFIELD 35 PINELAWN LLC FAIRFIELD 35 PINELAWN LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   6664676 | PA      | $5318085.06   | 0.22%             | 2042-01-01      | Fixed         | 3.45%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** John Hancock GA Mortgage Trust

**Signature:** /s/Heidi Knapp

**Name of Signer:** Heidi Knapp

**Title:** Treasurer and Chief Financial Officer