# EDGAR Filing Document

**Accession Number:** 0000722574
**File Stem:** 0000035402-26-002605
**Filing Date:** 2026-4
**Character Count:** 230720
**Document Hash:** d08e2f58d0f690162f883482ed1583ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-002605.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000035402-26-002605

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY ADVISOR SERIES I
- **CENTRAL INDEX KEY:** 0000722574

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03785
- **FILM NUMBER:** 26895421

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

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

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Real Estate High Income Fund**

**February 28, 2026**

REHI-NPRT1-0426

1.814099.121 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Asset-Backed Securities - 5.3%** | &nbsp;&nbsp;**Asset-Backed Securities - 5.3%** | &nbsp;&nbsp;**Asset-Backed Securities - 5.3%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| GRAND CAYMAN (UK OVERSEAS TER) - 0.0%  |  |  |
| Capital Trust RE CDO Ltd Series 2005-1A Class D, CME Term SOFR 1 month Index + 1.6145%, 5.2898% 3/20/2050 (c)(d)(e)(g) | 750000 | 0 |
| Capital Trust RE CDO Ltd Series 2005-1A Class E, CME Term SOFR 1 month Index + 2.2145%, 5.8898% 3/20/2050 (c)(d)(e)(g) | 2670000 | 0 |
| Crest Clarendon Street Ltd Series 2002, 3 month U.S. LIBOR + 0.47%, 6.0632% 12/28/2035 (c)(d)(e)(g) | 3000000 | 0 |
| CREST Ltd Series 2004-1A Class H1, 3 month U.S. LIBOR + 3.69%, 8.9627% (c)(d)(e)(g)(h) | 3078262 | 0 |
| Taberna Preferred Funding VI Ltd Series 2006-6A Class F1, CME Term SOFR 3 month Index + 4.7616%, 8.4248% (c)(d)(e)(g)(h) | 7810908 | 1 |
| TOTAL GRAND CAYMAN (UK OVERSEAS TER) |  | 1 |
| UNITED STATES - 5.3%  |  |  |
| Blue Stream Issuer LLC Series 2024-1A Class C, 8.71% 11/20/2054 (g) | 1750000 | 1832229 |
| CNSL Series 2025-4A Class C, 8.098% 12/20/2055 (g) | 2500000 | 2614320 |
| Consolidated Communications LLC / Fidium Fiber Fin Holdco LLC Series 2025-1A Class C, 9.408% 5/20/2055 (g) | 3057000 | 3234398 |
| Home Partners of America Trust Series 2019-2 Class F, 3.866% 10/19/2039 (g) | 2019452 | 1969182 |
| Home Partners of America Trust Series 2021-1 Class F, 3.325% 9/17/2041 (g) | 844599 | 772093 |
| Home Partners of America Trust Series 2021-2 Class G, 4.505% 12/17/2026 (g) | 5311768 | 5241691 |
| Home Partners of America Trust Series 2021-3 Class F, 4.242% 1/17/2041 (g) | 1192591 | 1114806 |
| Lmdv Issuer CO LLC Series 2025-1A Class C, 7.88% 12/15/2055 (g) | 1515000 | 1551401 |
| MetroNet Infrastructure Issuer LLC Series 2025-2A Class C, 7.83% 8/20/2055 (g) | 500000 | 516419 |
| MetroNet Infrastructure Issuer LLC Series 2025-4A Class C, 7.112% 12/20/2055 (g) | 1140000 | 1163619 |
| Retained Vantage Data Ctrs Issuer LLC / Vantage Data Ctrs CDA Qc4 Ltd Partnership Series 2024-1A Class B, 5.775% 9/15/2049 (g) | 1345000 | 1335585 |
| SG Commercial Mortgage Securities Trust Series 2019-PREZ Class F, 3.4771% 9/15/2039 (d)(g) | 3206000 | 2704123 |
| Switch Abs Issuer LLC Series 2024-1A Class B, 6.5% 3/25/2054 (g) | 1250000 | 1256564 |
| Switch Abs Issuer LLC Series 2024-2A Class C, 10.033% 6/25/2054 (g) | 1975000 | 2047893 |
| Tricon Residential Trust Series 2021-SFR1 Class G, 4.133% 7/17/2038 (g) | 672000 | 666731 |
| VB-S1 Issuer LLC Series 2022-1A Class F, 5.268% 2/15/2052 (g) | 1420000 | 1411269 |
| VB-S1 Issuer LLC Series 2024-1A Class D, 6.644% 5/15/2054 (g) | 1800000 | 1835561 |
| VB-S1 Issuer LLC Series 2024-1A Class F, 8.871% 5/15/2054 (g) | 5792000 | 5973412 |
| VB-S1 Issuer LLC Series 2026-1A Class F, 6.843% 3/15/2056 (g) | 1135000 | 1162356 |
| TOTAL UNITED STATES |  | 38403652 |
| <br> **TOTAL ASSET-BACKED SECURITIES**<br> (Cost $47,570,083) |  | <br> **38403653** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bank Loan Obligations - 0.2%** | &nbsp;&nbsp;**Bank Loan Obligations - 0.2%** | &nbsp;&nbsp;**Bank Loan Obligations - 0.2%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.2%  |  |  |
| Financials - 0.2% |  |  |
| Financial Services - 0.2% |  |  |
| MHP Commercial Mortgage Trust U.S. SOFR Index + 5%, 8.6597% 1/9/2027 (b)(c)(d)(e)<br>(Cost $2,252,886)<br>| 2252886 | **2196564** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.0%** | &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.0%** | &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.0%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.0%  |  |  |
| Fannie Mae Guaranteed REMIC Series 2002-W1 Class 3B3, 3.8682% 2/25/2042 (c)(d)(g) | 16677 | 7563 |
| Fannie Mae Guaranteed REMIC Series 2002-W6 Class 3B4, 5.0605% 1/25/2042 (c)(d)(g) | 15319 | 2855 |
| Fannie Mae Guaranteed REMIC Series 2003-W10 Class 2B4, 3.9324% 6/25/2043 (c)(d)(g) | 56223 | 15744 |
| Fannie Mae Guaranteed REMIC Series 2003-W10 Class 2B5, 3.9324% 6/25/2043 (c)(d)(g) | 3375 | 186 |
| TOTAL UNITED STATES |  | 26348 |
| <br> **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost $20,926) |  | <br> **26348** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Mortgage Securities - 90.5%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 90.5%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 90.5%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| GRAND CAYMAN (UK OVERSEAS TER) - 0.3%  |  |  |
| Prima Capital CRE Securitization Ltd/Llc Series 2019-RK1 Class BT, 4.45% 4/15/2038 (g) | 2475000 | 2369243 |
| UNITED STATES - 90.2%  |  |  |
| Ares Commercial Mortgage Trust Series 2026-GCP Class D, CME Term SOFR 1 month Index + 2.35%, 6.05% 2/15/2043 (d)(e)(g) | 1630000 | 1637117 |
| Ares Tr 2 Series 2025-IND3 Class E, CME Term SOFR 1 month Index + 3.55%, 7.2097% 4/15/2042 (d)(e)(g) | 1925000 | 1922595 |
| Ares Trust Series 2024-IND2 Class F, CME Term SOFR 1 month Index + 4.039%, 7.6987% 10/15/2034 (d)(e)(g) | 2155000 | 2156210 |
| Bank of America Merrill Lynch Commercial Mortgage Trust Series 2016-UB10 Class B, 3.79% 7/15/2049  | 3085000 | 3039125 |
| Bank of America Merrill Lynch Commercial Mortgage Trust Series 2016-UB10 Class C, 4.8745% 7/15/2049 (d) | 2418000 | 2345788 |
| BANK Series 2017-BNK4 Class C, 4.372% 5/15/2050  | 1395000 | 1241704 |
| BANK Series 2017-BNK4 Class D, 3.357% 5/15/2050 (g) | 2308000 | 1540384 |
| BANK Series 2017-BNK8 Class E, 2.8% 11/15/2050 (g) | 2625000 | 1182861 |
| BANK Series 2018-BN10 Class B, 4.078% 2/15/2061 (d) | 1035000 | 975839 |
| BANK Series 2018-BN10 Class C, 4.163% 2/15/2061 (d) | 2936000 | 2717576 |
| BANK Series 2019-BN22 Class D, 2.5% 11/15/2062 (g) | 2465000 | 1951217 |
| BANK Series 2020-BN27 Class D, 2.5% 4/15/2063 (g) | 921000 | 723087 |
| BANK Series 2020-BN28 Class AS, 2.14% 3/15/2063  | 717000 | 644975 |
| BANK Series 2020-BN28 Class E, 2.5% 3/15/2063 (g) | 903000 | 685292 |
| BANK Series 2020-BN30 Class MCDG, 2.9182% 12/15/2053 (c)(d)(g) | 3921000 | 2401622 |
| BANK Series 2021-BN33 Class B, 2.893% 5/15/2064  | 903000 | 794286 |
| BANK Series 2022-BNK39 Class A4, 2.928% 2/15/2055  | 1895000 | 1754961 |
| BANK Series 2022-BNK42 Class A5, 4.493% 6/15/2055 (d) | 2326000 | 2320681 |
| BANK Series 2022-BNK42 Class D, 2.5% 6/15/2055 (g) | 1664000 | 1241933 |
| BANK Series 2022-BNK42 Class E, 2.5% 6/15/2055 (g) | 1302000 | 915249 |
| BANK Series 2022-BNK43 Class D, 3% 8/15/2055 (g) | 2614000 | 1955189 |
| BANK Series 2022-BNK44 Class AS, 5.7433% 11/15/2055 (d) | 1225000 | 1296691 |
| BANK Series 2023-BNK45 Class B, 6.148% 2/15/2056 (d) | 1330000 | 1414755 |
| BANK Series 2023-BNK46 Class A4, 5.745% 8/15/2056  | 2458000 | 2646276 |
| BANK Series 2023-BNK46 Class B, 6.7741% 8/15/2056 (d) | 1675000 | 1792413 |
| BANK Series 2025-BNK51 Class C, 5.946% 12/25/2067 (d) | 1410000 | 1428691 |
| BANK5 Series 2024-5YR12 Class C, 6.3021% 12/15/2057 (d) | 1516000 | 1565588 |
| BANK5 Series 2025-5YR19 Class D, 4.5% 12/15/2058 (d)(g) | 2480000 | 2145209 |
| BBCMS Mortgage Trust Series 2016-ETC Class D, 3.6089% 8/14/2036 (d)(g) | 1749000 | 1687236 |
| BBCMS Mortgage Trust Series 2019-C5 Class D, 2.5% 11/15/2052 (g) | 726000 | 586162 |
| BBCMS Mortgage Trust Series 2020-C7 Class B, 3.152% 4/15/2053  | 853000 | 757104 |
| BBCMS Mortgage Trust Series 2020-C7 Class C, 3.5863% 4/15/2053 (d) | 1185000 | 1029458 |
| BBCMS Mortgage Trust Series 2020-C8 Class E, 2.25% 10/15/2053 (g) | 3013000 | 2084570 |
| BBCMS Mortgage Trust Series 2022-C14 Class A5, 2.946% 2/15/2055 (d) | 3302000 | 3040908 |
| BBCMS Mortgage Trust Series 2022-C15 Class A5, 3.662% 4/15/2055  | 3015000 | 2848339 |
| BBCMS Mortgage Trust Series 2022-C16 Class A5, 4.6% 6/15/2055  | 4573000 | 4601778 |
| BBCMS Mortgage Trust Series 2022-C17 Class B, 4.889% 9/15/2055 (d) | 1491000 | 1455204 |
| BBCMS Mortgage Trust Series 2022-C17 Class D, 2.5% 9/15/2055 (g) | 1200000 | 915011 |
| BBCMS Mortgage Trust Series 2022-C18 Class A5, 5.71% 12/15/2055  | 3150000 | 3379105 |
| BBCMS Mortgage Trust Series 2022-C18 Class B, 6.1683% 12/15/2055 (d) | 1890000 | 1981182 |
| BBCMS Mortgage Trust Series 2023-C19 Class A5, 5.451% 4/15/2056  | 2015000 | 2114834 |
| BBCMS Mortgage Trust Series 2023-C20 Class A5, 5.576% 7/15/2056  | 1690000 | 1798083 |
| BBCMS Mortgage Trust Series 2023-C21 Class AS, 6.2961% 9/15/2056 (d) | 1196000 | 1308177 |
| BBCMS Mortgage Trust Series 2023-C21 Class C, 6.2961% 9/15/2056 (d) | 1789000 | 1832948 |
| BBCMS Mortgage Trust Series 2023-C22 Class C, 7.1347% 11/15/2056 (d) | 1778000 | 1828362 |
| BBCMS Mortgage Trust Series 2024-C24 Class B, 5.718% 2/15/2057  | 681000 | 707000 |
| BBCMS Mortgage Trust Series 2024-C26 Class C, 6% 5/15/2057  | 475000 | 490165 |
| BBCMS Mortgage Trust Series 2024-C30 Class C, 5.98% 11/15/2057  | 2533000 | 2593127 |
| BBCMS Mortgage Trust Series 2025-5C33 Class C, 5.981% 3/15/2058  | 1063000 | 1088721 |
| BBCMS Mortgage Trust Series 2025-5C33 Class D, 6.6265% 3/15/2058 (d)(g) | 1575000 | 1541689 |
| BBCMS Mortgage Trust Series 2025-C32 Class C, 6.125% 2/15/2062 (d) | 2732000 | 2836183 |
| BBCMS Mortgage Trust Series 2025-C32 Class D, 4.5% 2/15/2062 (g) | 790000 | 665418 |
| BBCMS Mortgage Trust Series 2025-C35 Class C, 6.1139% 7/15/2058 (d) | 1630000 | 1693887 |
| BBCMS Mortgage Trust Series 2025-C39 Class C, 5.9066% 12/15/2058 (d) | 560000 | 573660 |
| Benchmark Mortgage Trust Series 2018-B7 Class D, 3% 5/15/2053 (d)(g) | 833000 | 670413 |
| Benchmark Mortgage Trust Series 2019-B12 Class B, 3.5702% 8/15/2052  | 1186000 | 1043882 |
| Benchmark Mortgage Trust Series 2019-B14 Class 225D, 3.4041% 12/15/2062 (c)(d)(g) | 1680000 | 8400 |
| Benchmark Mortgage Trust Series 2019-B14 Class 225E, 3.4041% 12/15/2062 (c)(d)(g) | 1132000 | 2830 |
| Benchmark Mortgage Trust Series 2020-B18 Class D, 2.25% 7/15/2053 (c)(g) | 1500000 | 887354 |
| Benchmark Mortgage Trust Series 2020-B21 Class AS, 2.2543% 12/17/2053  | 662000 | 591468 |
| Benchmark Mortgage Trust Series 2020-B21 Class D, 2% 12/17/2053 (g) | 1638000 | 1160692 |
| Benchmark Mortgage Trust Series 2020-IG3 Class 825C, 3.0763% 9/15/2048 (d)(g) | 1784000 | 1705024 |
| Benchmark Mortgage Trust Series 2020-IG3 Class 825D, 3.0763% 9/15/2048 (d)(g) | 1955000 | 1851875 |
| Benchmark Mortgage Trust Series 2020-IG3 Class 825E, 3.0763% 9/15/2048 (d)(g) | 3049000 | 2866033 |
| Benchmark Mortgage Trust Series 2021-B25 Class 300E, 2.9942% 4/15/2054 (c)(d)(g) | 1113000 | 510629 |
| Benchmark Mortgage Trust Series 2021-B29 Class A5, 2.3879% 9/15/2054  | 2055000 | 1856287 |
| Benchmark Mortgage Trust Series 2022-B33 Class A5, 3.4582% 3/15/2055  | 2477000 | 2347393 |
| Benchmark Mortgage Trust Series 2022-B35 Class D, 2.5% 5/15/2055 (c)(g) | 3003000 | 1830759 |
| Benchmark Mortgage Trust Series 2022-B36 Class AS, 4.9505% 7/15/2055  | 1190000 | 1194892 |
| Benchmark Mortgage Trust Series 2022-B36 Class D, 2.5% 7/15/2055 (g) | 1872000 | 1366449 |
| Benchmark Mortgage Trust Series 2022-B37 Class B, 5.7458% 11/15/2055 (d) | 980000 | 990896 |
| Benchmark Mortgage Trust Series 2022-B37 Class C, 5.7459% 11/15/2055 (d) | 2090000 | 2050683 |
| Benchmark Mortgage Trust Series 2023-B38 Class B, 6.2444% 4/15/2056 (d) | 1351000 | 1414981 |
| Benchmark Mortgage Trust Series 2023-B39 Class A5, 5.7536% 7/15/2056  | 2714000 | 2922283 |
| Benchmark Mortgage Trust Series 2023-B39 Class C, 6.5726% 7/15/2056 (d) | 1859000 | 1920243 |
| Benchmark Mortgage Trust Series 2025-B41 Class C, 6.1365% 7/15/2068  | 825000 | 856535 |
| BFLD Commercial Mortgage Trust Series 2024-UNIV Class E, CME Term SOFR 1 month Index + 3.6395%, 7.2992% 11/15/2041 (d)(e)(g) | 3499000 | 3507748 |
| BFLD Trust Series 2024-WRHS Class E, CME Term SOFR 1 month Index + 3.6889%, 7.3486% 7/15/2039 (d)(e)(g) | 2604862 | 2608118 |
| BMO Mortgage Trust Series 2022-C1 Class 360D, 3.9387% 2/17/2055 (c)(d)(g) | 1638000 | 1334598 |
| BMO Mortgage Trust Series 2022-C1 Class 360E, 3.9387% 2/17/2055 (d)(g) | 1970000 | 1529619 |
| BMO Mortgage Trust Series 2022-C1 Class A5, 3.374% 2/15/2055  | 3142000 | 2971017 |
| BMO Mortgage Trust Series 2023-C4 Class B, 5.3953% 2/15/2056 (d) | 1186000 | 1216752 |
| BMO Mortgage Trust Series 2023-C4 Class C, 5.8624% 2/15/2056 (d) | 2468000 | 2519520 |
| BMO Mortgage Trust Series 2023-C5 Class A5, 5.7653% 6/15/2056  | 1463000 | 1552981 |
| BMO Mortgage Trust Series 2024-C10 Class C, 5.979% 11/15/2057 (d) | 1039000 | 1055121 |
| BMO Mortgage Trust Series 2025-5C10 Class C, 6.485% 5/15/2058 (d) | 297000 | 307708 |
| BMO Mortgage Trust Series 2025-C13 Class C, 6.1337% 10/15/2058 (d) | 2113000 | 2115297 |
| BMO Mortgage Trust Series 2026-C14 Class C, 5.9255% 2/15/2059 (g) | 1020000 | 1041140 |
| BMP Series 2024-MF23 Class E, CME Term SOFR 1 month Index + 3.3891%, 7.0487% 6/15/2041 (d)(e)(g) | 555000 | 555694 |
| Bpr Coml Mtg Trust Series 2025-STAR Class C, 6.0608% 11/5/2042 (d)(g) | 2430000 | 2453571 |
| BPR Commercial Mortgage Trust Series 2024-PARK Class D, 7.2343% 11/5/2039 (d)(g) | 2536000 | 2660454 |
| BPR Trust Series 2023-BRK2 Class C, 8.335% 10/5/2038 (d)(g) | 1845000 | 1906281 |
| BPR Trust Series 2024-PMDW Class E, 5.85% 11/5/2041 (d)(g) | 766000 | 745885 |
| Bres Coml Mtg Trust Series 2025-ATCAP Class E, CME Term SOFR 1 month Index + 3.6408%, 7.3004% 11/15/2042 (d)(e)(g) | 2667000 | 2671296 |
| Bres Coml Mtg Trust Series 2025-ATCAP Class F, CME Term SOFR 1 month Index + 5.1885%, 8.8482% 11/15/2042 (d)(e)(g) | 3017000 | 3021532 |
| Bway Trust Series 2025-1535 Class B, 7.7102% 5/5/2042 (d)(g) | 1775000 | 1874282 |
| BX Commercial Mortgage Trust 2020-VIVA Series 2020-VIVA Class D, 3.5488% 3/11/2044 (d)(g) | 9422000 | 8853485 |
| BX Commercial Mortgage Trust 2020-VIVA Series 2020-VIVA Class E, 3.5488% 3/11/2044 (d)(g) | 9936000 | 9064816 |
| BX Commercial Mortgage Trust 2022-LP2 Series 2022-LP2 Class F, CME Term SOFR 1 month Index + 3.2578%, 6.9175% 2/15/2039 (d)(e)(g) | 1925000 | 1924398 |
| BX Commercial Mortgage Trust 2024-KING Series 2024-KING Class E, CME Term SOFR 1 month Index + 3.688%, 7.3476% 5/15/2034 (d)(e)(g) | 5739441 | 5753790 |
| BX Commercial Mortgage Trust 2024-VLT5 Series 2024-VLT5 Class A, 5.5908% 11/13/2046 (d)(g) | 2180000 | 2251438 |
| BX Commercial Mortgage Trust 2024-VLT5 Series 2024-VLT5 Class B, 5.9949% 11/13/2046 (d)(g) | 535000 | 557825 |
| BX Commercial Mortgage Trust 2024-VLT5 Series 2024-VLT5 Class C, 6.3984% 11/13/2046 (d)(g) | 2016000 | 2101076 |
| BX Commercial Mortgage Trust 2024-VLT5 Series 2024-VLT5 Class E, 8.1339% 11/13/2046 (d)(g) | 7158000 | 7755220 |
| BX Commercial Mortgage Trust 2024-XL5 Series 2024-XL5 Class E, CME Term SOFR 1 month Index + 3.6884%, 7.348% 3/15/2041 (d)(e)(g) | 3726800 | 3729087 |
| BX Commercial Mortgage Trust 2025-SPOT Series 2025-SPOT Class E, CME Term SOFR 1 month Index + 3.6902%, 7.3498% 4/15/2040 (d)(e)(g) | 6260364 | 6291666 |
| BX Commercial Mortgage Trust 24-MDHS Series 2024-MDHS Class E, CME Term SOFR 1 month Index + 3.6883%, 7.348% 5/15/2041 (d)(e)(g) | 2205000 | 2201109 |
| BX Commercial Mortgage Trust Series 2021-CIP Class E, CME Term SOFR 1 month Index + 2.9345%, 6.5945% 12/15/2038 (d)(e)(g) | 3803614 | 3802425 |
| BX Commercial Mortgage Trust Series 2021-MC Class G, CME Term SOFR 1 month Index + 3.2013%, 6.8613% 4/15/2034 (d)(e)(g) | 1572000 | 1542900 |
| BX Commercial Mortgage Trust Series 2021-PAC Class G, CME Term SOFR 1 month Index + 3.0606%, 6.7206% 10/15/2036 (d)(e)(g) | 3192000 | 3188014 |
| BX Commercial Mortgage Trust Series 2024-GPA2 Class D, CME Term SOFR 1 month Index + 2.5909%, 6.2505% 11/15/2041 (d)(e)(g) | 415000 | 415230 |
| BX Commercial Mortgage Trust Series 2024-GPA2 Class E, CME Term SOFR 1 month Index + 3.5395%, 7.1992% 11/15/2041 (d)(e)(g) | 1875000 | 1874529 |
| BX Commercial Mortgage Trust Series 2024-WPT Class E, CME Term SOFR 1 month Index + 3.5884%, 7.2481% 3/15/2034 (d)(e)(g) | 1402250 | 1389334 |
| BX Commercial Mortgage Trust Series 2026-XL6 Class E, CME Term SOFR 1 month Index + 3%, 6.67% 3/15/2043 (d)(e)(g) | 1065000 | 1068339 |
| BX Trust 2019-OC11 Series 2019-OC11 Class E, 3.944% 12/9/2041 (d)(g) | 14678000 | 13742678 |
| BX Trust 2021 Series 2021-LBA Class FJV, CME Term SOFR 1 month Index + 2.7645%, 6.4245% 2/15/2036 (d)(e)(g) | 458000 | 457859 |
| BX Trust 2021 Series 2021-LBA Class GJV, CME Term SOFR 1 month Index + 3.3645%, 7.0245% 2/15/2036 (d)(e)(g) | 1033000 | 1032681 |
| BX Trust 2024 VLT4 Series 2024-VLT4 Class E, CME Term SOFR 1 month Index + 2.8894%, 6.5696% 6/15/2041 (d)(e)(g) | 3298000 | 3262959 |
| BX Trust 2024 VLT4 Series 2024-VLT4 Class F, CME Term SOFR 1 month Index + 3.9379%, 7.5975% 6/15/2041 (d)(e)(g) | 6600000 | 6591866 |
| BX Trust 2024-CNY Series 2024-CNYN Class E, CME Term SOFR 1 month Index + 3.6886%, 7.3483% 4/15/2041 (d)(e)(g) | 3180522 | 3170569 |
| BX Trust 2024-FNX Series 2024-FNX Class D, CME Term SOFR 1 month Index + 2.9402%, 6.5998% 11/15/2041 (d)(e)(g) | 939475 | 940649 |
| BX Trust 2024-FNX Series 2024-FNX Class E, CME Term SOFR 1 month Index + 3.9387%, 7.5984% 11/15/2041 (d)(e)(g) | 4508619 | 4491122 |
| BX Trust 2025-ROIC Series 2025-ROIC Class E, CME Term SOFR 1 month Index + 2.9413%, 6.6009% 3/15/2030 (d)(e)(g) | 6004448 | 6004448 |
| BX Trust Series 2021-ACNT Class G, CME Term SOFR 1 month Index + 3.4095%, 7.0695% 11/15/2038 (d)(e)(g) | 2199325 | 2189737 |
| BX Trust Series 2021-RISE Class F, CME Term SOFR 1 month Index + 2.7645%, 6.4245% 11/15/2036 (d)(e)(g) | 1462419 | 1461962 |
| BX Trust Series 2021-XL2 Class G, CME Term SOFR 1 month Index + 2.9573%, 6.6173% 10/15/2038 (d)(e)(g) | 857500 | 857232 |
| BX Trust Series 2022-LBA6 Class F, CME Term SOFR 1 month Index + 3.35%, 7.0097% 1/15/2039 (d)(e)(g) | 4315000 | 4309607 |
| BX Trust Series 2022-VAMF Class F, CME Term SOFR 1 month Index + 3.299%, 6.9587% 1/15/2039 (d)(e)(g) | 2435281 | 2427053 |
| BX Trust Series 2024-XL4 Class D, CME Term SOFR 1 month Index + 3.1396%, 6.7993% 2/15/2039 (d)(e)(g) | 465924 | 465924 |
| BX Trust Series 2024-XL4 Class E, CME Term SOFR 1 month Index + 4.1881%, 7.8477% 2/15/2039 (d)(e)(g) | 1598366 | 1598007 |
| BX Trust Series 2025-DIME Class F, CME Term SOFR 1 month Index + 3.7%, 7.3597% 2/15/2035 (d)(e)(g) | 4455000 | 4478667 |
| BX Trust Series 2025-LUNR Class E, CME Term SOFR 1 month Index + 3.95%, 7.6097% 6/15/2040 (d)(e)(g) | 606894 | 611446 |
| BX Trust Series 2025-OMG Class F, CME Term SOFR 1 month Index + 3.6%, 7.26% 10/15/2042 (c)(d)(e)(g) | 3375000 | 3376350 |
| BX Trust Series 2025-TAIL Class E, CME Term SOFR 1 month Index + 3.3%, 6.9597% 6/15/2035 (d)(e)(g) | 1959000 | 1957789 |
| BX Trust Series 2025-VLT6 Class E, CME Term SOFR 1 month Index + 3.1907%, 6.8504% 3/15/2042 (d)(e)(g) | 3278000 | 3259561 |
| BX Trust Series 2025-VLT6 Class F, CME Term SOFR 1 month Index + 3.9397%, 7.5993% 3/15/2042 (d)(e)(g) | 3413000 | 3372989 |
| BX Trust Series 2025-VOLT Class D, CME Term SOFR 1 month Index + 2.75%, 6.4097% 12/15/2044 (d)(e)(g) | 1155000 | 1157161 |
| BXP Trust Series 2021-601L Class E, 2.7755% 1/15/2044 (d)(g) | 709000 | 575641 |
| CD Mortgage Trust Series 2017-CD3 Class D, 3.25% 2/10/2050 (c)(g) | 3732585 | 214120 |
| Cip Commercial Mortgage Trust Series 2025-SBAY Class E, CME Term SOFR 1 month Index + 3.75%, 7.4097% 10/15/2037 (d)(e)(g) | 4140000 | 4144968 |
| Citigroup Commercial Mortgage Trust Series 2016-P4 Class C, 3.9198% 7/10/2049 (d) | 525000 | 489953 |
| Citigroup Commercial Mortgage Trust Series 2020-420K Class D, 3.3118% 11/10/2042 (d)(g) | 636000 | 580988 |
| Citigroup Commercial Mortgage Trust Series 2020-420K Class E, 3.3118% 11/10/2042 (d)(g) | 3345000 | 2985637 |
| Citigroup Commercial Mortgage Trust Series 2022-GC48 Class D, 2.5% 6/15/2055 (g) | 3129000 | 2250247 |
| Citigroup Commercial Mortgage Trust Series 2023-PRM3 Class C, 6.3597% 7/10/2028 (d)(g) | 1204000 | 1240456 |
| Citigroup Commercial Mortgage Trust Series 2023-PRM3 Class D, 6.3597% 7/10/2028 (d)(g) | 1383000 | 1411141 |
| Citigroup Commercial Mortgage Trust Series 2023-SMRT Class D, 5.8524% 10/12/2040 (d)(g) | 2611000 | 2636117 |
| Citigroup Commercial Mortgage Trust Series 2023-SMRT Class E, 5.8524% 10/12/2040 (d)(g) | 5870000 | 5880862 |
| COMM Mortgage Trust Series 2012-CR1 Class D, 5.1034% 5/15/2045 (d)(g) | 1747840 | 1618537 |
| COMM Mortgage Trust Series 2014-CR17 Class E, 4.9297% 5/10/2047 (d)(g) | 589000 | 445488 |
| COMM Mortgage Trust Series 2014-CR20 Class C, 4.7343% 11/10/2047 (d) | 333522 | 322679 |
| COMM Mortgage Trust Series 2015-DC1 Class B, 4.035% 2/10/2048 (d) | 3527000 | 3370401 |
| COMM Mortgage Trust Series 2015-DC1 Class C, 4.1805% 2/10/2048 (d) | 3928000 | 3466067 |
| COMM Mortgage Trust Series 2015-LC19 Class C, 4.4255% 2/10/2048 (d) | 2072446 | 1975138 |
| COMM Mortgage Trust Series 2017-CD4 Class C, 4.3497% 5/10/2050 (d) | 1920000 | 1807850 |
| COMM Mortgage Trust Series 2017-CD4 Class D, 3.3% 5/10/2050 (c)(g) | 356070 | 315434 |
| COMM Mortgage Trust Series 2017-COR2 Class C, 4.5868% 9/10/2050 (d) | 1192000 | 1144370 |
| COMM Mortgage Trust Series 2017-COR2 Class D, 3% 9/10/2050 (g) | 1146000 | 1047715 |
| COMM Mortgage Trust Series 2018-HCLV Class G, CME Term SOFR 1 month Index + 5.3523%, 9.0123% 9/15/2033 (d)(e)(g) | 1487000 | 35371 |
| COMM Mortgage Trust Series 2025-180W Class E, 7.3635% 8/10/2042 (d)(g) | 1412000 | 1465525 |
| COMM Mortgage Trust Series 2025-180W Class F, 7.3635% 8/10/2042 (d)(g) | 1035000 | 1029124 |
| Commercial Mortgage Trust Series 2016-CD2 Class D, 2.7219% 11/10/2049 (c)(d)(g) | 1658571 | 400659 |
| Cone Trust Series 2024-DFW1 Class E, CME Term SOFR 1 month Index + 3.8885%, 7.5481% 8/15/2041 (d)(e)(g) | 4245000 | 4241974 |
| CPT Mortgage Trust Series 2019-CPT Class E, 2.9968% 11/13/2039 (d)(g) | 2205000 | 1966081 |
| CPT Mortgage Trust Series 2019-CPT Class F, 2.9968% 11/13/2039 (d)(g) | 2772000 | 2279631 |
| Credit Suisse Commercial Mortgage Trust Series 2021-SOP2 Class F, CME Term SOFR 1 month Index + 4.4314%, 8.091% 6/15/2034 (e)(g) | 2561600 | 1034129 |
| CSAIL Commercial Mortgage Trust Series 2017-C8 Class C, 4.2536% 6/15/2050 (d) | 3060000 | 2729513 |
| CSMC Trust Series 2019-UVIL Class E, 3.2833% 12/15/2041 (d)(g) | 6276000 | 5659689 |
| Cstl Coml Mtg Trust Series 2025-GATE2 Class E, 6.3548% 11/10/2042 (d)(g) | 3030000 | 3071814 |
| CSTL Commercial Mortgage Trust Series 2026-GATE3 Class E, 6.3428% 2/10/2043 (d)(g) | 760000 | 770170 |
| DBGS Mortgage Trust Series 2018-C1 Class C, 4.6356% 10/15/2051 (d) | 777000 | 718105 |
| DBGS Mortgage Trust Series 2019-1735 Class F, 4.1946% 4/10/2037 (c)(d)(g) | 1000000 | 700144 |
| DC Office Trust Series 2019-MTC Class E, 3.072% 9/15/2045 (d)(g) | 1029000 | 866590 |
| DK Trust Series 2024-SPBX Class E, CME Term SOFR 1 month Index + 4%, 7.6597% 3/15/2034 (d)(e)(g) | 2463000 | 2468249 |
| DTP Commercial Mortgage Trust Series 2023-STE2 Class D, 6.9552% 1/15/2041 (d)(g) | 4760000 | 4863426 |
| DTP Commercial Mortgage Trust Series 2023-STE2 Class E, 5.9685% 1/15/2041 (d)(g) | 769000 | 753505 |
| ELP Series 2025-ELP Class D, 5.6124% 11/13/2042 (d)(g) | 1020000 | 1027876 |
| ELP Series 2025-ELP Class E, 6.665% 11/13/2042 (d)(g) | 3715000 | 3825446 |
| EQT Trust Series 2024-EXTR Class B, 5.6546% 7/5/2041 (d)(g) | 1817000 | 1858578 |
| EQT Trust Series 2024-EXTR Class C, 6.0464% 7/5/2041 (d)(g) | 1535000 | 1571260 |
| EQT Trust Series 2024-EXTR Class D, 6.6819% 7/5/2041 (d)(g) | 327000 | 334620 |
| Extended Stay America Trust Series 2025-ESH Class E, CME Term SOFR 1 month Index + 3.35%, 7.0097% 10/15/2042 (d)(e)(g) | 2000000 | 2015037 |
| Extended Stay America Trust Series 2025-ESH Class F, CME Term SOFR 1 month Index + 4.1%, 7.7597% 10/15/2042 (d)(e)(g) | 2000000 | 2015036 |
| Extended Stay America Trust Series 2026-ESH2 Class E, CME Term SOFR 1 month Index + 2.9%, 6.5597% 2/15/2043 (d)(e)(g) | 1925000 | 1936159 |
| Extended Stay America Trust Series 2026-ESH2 Class F, 7.4097% 2/15/2043 (g) | 2950000 | 2970801 |
| Fontainebleau Miami Beach Beach Mtg Tr Series 2024-FBLU Class G, CME Term SOFR 1 month Index + 5.65%, 9.3097% 12/15/2039 (d)(e)(g) | 3198000 | 3224479 |
| GS Mortgage Securities Trust Series 2011-GC5 Class D, 5.143% 8/10/2044 (d)(g) | 1929752 | 1535328 |
| GS Mortgage Securities Trust Series 2011-GC5 Class E, 5.143% 8/10/2044 (d)(g) | 2432000 | 840204 |
| GS Mortgage Securities Trust Series 2011-GC5 Class F, 4.5% 8/10/2044 (c)(g) | 4308000 | 12924 |
| GS Mortgage Securities Trust Series 2017-GS5 Class C, 4.299% 3/10/2050 (c)(d) | 2499000 | 1386921 |
| GS Mortgage Securities Trust Series 2019-GC38 Class D, 3% 2/10/2052 (g) | 1667000 | 1447679 |
| GS Mortgage Securities Trust Series 2019-GC39 Class D, 3% 5/10/2052 (g) | 2830000 | 2238274 |
| GS Mortgage Securities Trust Series 2019-GC42 Class C, 3.699% 9/10/2052 (d) | 3833000 | 3303225 |
| GS Mortgage Securities Trust Series 2019-GC42 Class D, 2.8% 9/10/2052 (g) | 2307000 | 1717006 |
| GS Mortgage Securities Trust Series 2020-GC45 Class SWD, 3.2185% 12/13/2039 (d)(g) | 1764000 | 1448236 |
| GS Mortgage Securities Trust Series 2020-GC47 Class D, 3.4510% 5/12/2053 (d)(g) | 756000 | 594855 |
| GS Mortgage Securities Trust Series 2023-SHIP Class E, 7.4336% 9/10/2038 (d)(g) | 3235000 | 3243850 |
| GS Mortgage Securities Trust Series 2024-RVR Class B, 5.7226% 8/10/2041 (d)(g) | 939000 | 960031 |
| GS Mortgage Securities Trust Series 2025-800D Class B, CME Term SOFR 1 month Index + 3.45%, 7.1141% 11/25/2041 (d)(e)(g) | 1325000 | 1324423 |
| GSAT Trust Series 2025-BMF Class F, CME Term SOFR 1 month Index + 4.15%, 7.8097% 7/15/2040 (d)(e)(g) | 3180000 | 3171653 |
| Hilton USA Trust Series 2016-HHV Class E, 4.1935% 11/5/2038 (d)(g) | 5078000 | 5038524 |
| Hilton USA Trust Series 2016-HHV Class F, 4.1935% 11/5/2038 (d)(g) | 6517000 | 6411066 |
| Home Partners of America Trust Series 2019-1 Class F, 4.101% 9/17/2039 (g) | 201216 | 194197 |
| Intown Mortgage Trust Series 2025-STAY Class E, CME Term SOFR 1 month Index + 3.85%, 7.51% 3/15/2042 (d)(e)(g) | 1607000 | 1616441 |
| Ip 2025-Ip Mtg Tr Series 2025-IP Class F, 7.7123% 6/10/2042 (d)(g) | 1424000 | 1453784 |
| JPMBB Commercial Mortgage Securities Trust Series 2014-C26 Class D, 3.6083% 1/15/2048 (d)(g) | 2250000 | 1996290 |
| JPMBB Commercial Mortgage Securities Trust Series 2015-C32 Class C, 4.8209% 11/15/2048 (c)(d) | 1500000 | 314850 |
| JPMCC Commercial Mortgage Securities Trust Series 2016-JP4 Class C, 3.3970% 12/15/2049 (d) | 685000 | 614347 |
| JPMCC Commercial Mortgage Securities Trust Series 2016-JP4 Class D, 3.3970% 12/15/2049 (d)(g) | 2418000 | 1830950 |
| JPMDB Commercial Mortgage Securities Trust Series 2018-C8 Class D, 3.2552% 6/15/2051 (d)(g) | 1171000 | 947083 |
| JPMDB Commercial Mortgage Securities Trust Series 2019-COR6 Class D, 2.5% 11/13/2052 (g) | 1354000 | 658271 |
| JPMDB Commercial Mortgage Securities Trust Series 2020-COR7 Class D, 1.75% 5/13/2053 (g) | 1535000 | 773811 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2012-CBX Class E, 4.6895% 6/15/2045 (d)(g) | 2257406 | 2208282 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2012-CBX Class F, 4% 6/15/2045 (g) | 3743000 | 3241980 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2012-CBX Class G, 4% 6/15/2045 (g) | 3129000 | 2141913 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-LC11 Class D, 4.3311% 4/15/2046 (c)(d) | 785319 | 7837 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2014-DSTY Class D, 3.8046% 6/10/2027 (c)(d)(g) | 3213000 | 8081 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2014-DSTY Class E, 3.8046% 6/10/2027 (d)(g) | 4232000 | 10580 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2018-AON Class F, 4.6132% 7/5/2031 (d)(g) | 2150000 | 322632 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-OSB Class A, 3.3973% 6/5/2039 (g) | 1696000 | 1613591 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-OSB Class D, 3.7828% 6/5/2039 (d)(g) | 984000 | 904218 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-OSB Class E, 3.7828% 6/5/2039 (d)(g) | 3019000 | 2721258 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN Class EFX, 3.972% 1/16/2037 (g) | 2771000 | 969822 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN Class FFX, 4.6254% 1/16/2037 (c)(g) | 2388000 | 573096 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN Class GFX, 4.6882% 1/16/2037 (d)(g) | 942000 | 94191 |
| JPMorgan Chase Commercial Mortgage Securities Trust Series 2024-OMNI Class E, 5.7972% 10/5/2039 (d)(g) | 3234000 | 3194197 |
| KNDR Trust Series 2021-KIND Class C, CME Term SOFR 1 month Index + 1.8645%, 5.53% 8/15/2038 (d)(e)(g) | 532626 | 527299 |
| KNDR Trust Series 2021-KIND Class D, CME Term SOFR 1 month Index + 2.4145%, 6.08% 8/15/2038 (d)(e)(g) | 2020408 | 1995153 |
| KNDR Trust Series 2021-KIND Class F, CME Term SOFR 1 month Index + 4.0645%, 7.73% 8/15/2038 (d)(e)(g) | 4435575 | 4386510 |
| KRE COML Mortgage Trust Series 2025-AIP4 Class E, CME Term SOFR 1 month Index + 3%, 6.6597% 3/15/2042 (d)(e)(g) | 2361166 | 2357256 |
| LV Trust Series 2024-SHOW Class C, 6.2763% 10/10/2041 (d)(g) | 1629000 | 1649505 |
| Market Mortgage Trust Series 2020-525M Class F, 2.9406% 2/12/2040 (d)(g) | 1976000 | 1527454 |
| MHC Commercial Mortgage Trust Series 2021-MHC Class G, CME Term SOFR 1 month Index + 3.3154%, 6.9754% 4/15/2038 (d)(e)(g) | 8960000 | 8959998 |
| MHP Commercial Mortgage Trust Series 2021-STOR Class G, CME Term SOFR 1 month Index + 2.8645%, 6.5245% 7/15/2038 (d)(e)(g) | 4235000 | 4229706 |
| MHP Commercial Mortgage Trust Series 2021-STOR Class J, CME Term SOFR 1 month Index + 4.0645%, 7.7245% 7/15/2038 (d)(e)(g) | 1847000 | 1839720 |
| MHP Commercial Mortgage Trust Series 2022-MHIL Class F, CME Term SOFR 1 month Index + 3.2592%, 6.9189% 1/15/2039 (d)(e)(g) | 4082400 | 4079849 |
| MHP Commercial Mortgage Trust Series 2022-MHIL Class G, CME Term SOFR 1 month Index + 3.9575%, 7.6172% 1/15/2027 (d)(e)(g) | 1881600 | 1884020 |
| MHP Series 2025-MHIL2 Class E, CME Term SOFR 1 month Index + 3.5%, 7.1597% 9/15/2040 (d)(e)(g) | 3195000 | 3203679 |
| MHP Series 2025-MHIL2 Class F, CME Term SOFR 1 month Index + 4.25%, 7.9097% 9/15/2040 (d)(e)(g) | 2510000 | 2519769 |
| MIRA Trust Series 2023-MILE Class B, 7.2026% 6/10/2038 (g) | 1012000 | 1033889 |
| Morgan Stanley Bank Amer Trust Series 2025-C35 Class C, 6.349% 8/15/2058  | 1014000 | 1071152 |
| Morgan Stanley Bank of America Merrill Lynch Trust Series 2012-C6 Class F, 4.3446% 11/15/2045 (d)(g) | 1575000 | 220563 |
| Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C9 Class D, 3.7927% 5/15/2046 (d)(g) | 1740000 | 1619016 |
| Morgan Stanley Bank of America Merrill Lynch Trust Series 2017-C33 Class D, 3.356% 5/15/2050 (g) | 2932000 | 2638042 |
| Morgan Stanley Capital I Trust Series 2011-C2 Class D, 5.2113% 6/15/2044 (d)(g) | 1641443 | 1625356 |
| Morgan Stanley Capital I Trust Series 2011-C3 Class E, 4.94% 7/15/2049 (d)(g) | 604827 | 599477 |
| Morgan Stanley Capital I Trust Series 2011-C3 Class F, 4.94% 7/15/2049 (c)(d)(g) | 984000 | 959365 |
| Morgan Stanley Capital I Trust Series 2011-C3 Class G, 4.94% 7/15/2049 (d)(g) | 3536800 | 3420221 |
| Morgan Stanley Capital I Trust Series 2015-MS1 Class B, 4.0280% 5/15/2048 (d) | 233629 | 224728 |
| Morgan Stanley Capital I Trust Series 2015-MS1 Class C, 4.0280% 5/15/2048 (d) | 1973000 | 1775503 |
| Morgan Stanley Capital I Trust Series 2015-MS1 Class D, 4.0280% 5/15/2048 (d)(g) | 736000 | 599766 |
| Morgan Stanley Capital I Trust Series 2016-BNK2 Class C, 3.8794% 11/15/2049 (d) | 600000 | 520069 |
| Morgan Stanley Capital I Trust Series 2017-H1 Class B, 4.075% 6/15/2050  | 1000000 | 980615 |
| Morgan Stanley Capital I Trust Series 2017-H1 Class C, 4.281% 6/15/2050  | 2733000 | 2590996 |
| Morgan Stanley Capital I Trust Series 2017-H1 Class D, 2.546% 6/15/2050 (g) | 5262000 | 4559180 |
| Morgan Stanley Capital I Trust Series 2017-HR2 Class D, 2.73% 12/15/2050  | 5150000 | 4712051 |
| Morgan Stanley Capital I Trust Series 2020-CNP Class D, 2.4276% 4/5/2042 (d)(g) | 1043000 | 842184 |
| Morgan Stanley Capital I Trust Series 2024-BPR2 Class A, 7.291% 5/5/2029 (g) | 2249846 | 2384423 |
| Morgan Stanley Capital I Trust Series 2024-NSTB Class B, 3.9% 9/24/2057 (d)(g) | 1786000 | 1731165 |
| Morgan Stanley Capital I Trust Series 2024-NSTB Class C, 4.1913% 9/24/2057 (d)(g) | 1928000 | 1862738 |
| MSJP Series 2015-HAUL Class E, 4.851% 9/5/2047 (d)(g) | 1014000 | 890704 |
| MSWF Commercial Mortgage Trust Series 2023-1 Class A5, 5.752% 5/15/2056  | 1899000 | 2039971 |
| MSWF Commercial Mortgage Trust Series 2023-1 Class C, 6.6828% 5/15/2056 (d) | 1266000 | 1346083 |
| MSWF Commercial Mortgage Trust Series 2023-2 Class B, 6.8763% 12/15/2056 (d) | 1070000 | 1179132 |
| MSWF Commercial Mortgage Trust Series 2023-2 Class C, 7.0183% 12/15/2056 (d) | 3564000 | 3897665 |
| MSWF Commercial Mortgage Trust Series 2023-2 Class D, 4% 12/15/2056 (g) | 351000 | 289680 |
| Natixis Commercial Mortgage Securities Trust Series 2019-10K Class E, 4.1346% 5/15/2039 (d)(g) | 2293000 | 2159694 |
| Natixis Commercial Mortgage Securities Trust Series 2019-10K Class F, 4.1346% 5/15/2039 (d)(g) | 3014000 | 2741344 |
| NCMF Trust Series 2025-MFS Class F, 8.437% 6/10/2033 (d)(g) | 2115000 | 2156133 |
| NXPT Commercial Mortgage Trust Series 2024-STOR Class E, 6.7033% 11/5/2041 (d)(g) | 7586000 | 7733297 |
| NYC Commercial Mortgage Trust Series 2025-77C Class E, 6.2628% 1/10/2036 (d)(g) | 4025000 | 4083267 |
| PKHL Commercial Mortgage Trust Series 2021-MF Class F, CME Term SOFR 1 month Index + 3.4645%, 7.1245% 7/15/2038 (c)(d)(e)(g) | 2225000 | 607532 |
| PKHL Commercial Mortgage Trust Series 2021-MF Class NR, CME Term SOFR 1 month Index + 6.1145%, 9.7745% 7/15/2038 (d)(e)(g) | 631000 | 76882 |
| Plym Commercial Mortgage Trust Series 2026-IND Class D, CME Term SOFR 1 month Index + 2.15%, 5.8% 3/15/2043 (d)(e)(g) | 3440000 | 3438486 |
| Prima Capital CRE Securitization Ltd Series 2019-7A Class D, 4.25% 12/25/2050 (g) | 1750000 | 1681591 |
| Prima Capital CRE Securitization Ltd Series 2020-8A Class C, 3% 12/26/2070 (g) | 6369000 | 5512370 |
| PRM Trust Series 2025-PRM6 Class E, 6.5831% 7/5/2033 (d)(g) | 1412000 | 1422909 |
| PRM Trust Series 2025-PRM6 Class F, 7.0585% 7/5/2033 (d)(g) | 3176000 | 3174483 |
| PRM5 Trust Series 2025-PRM5 Class D, 5.812% 3/10/2033 (d)(g) | 1195000 | 1200939 |
| PRM5 Trust Series 2025-PRM5 Class E, 7.0967% 3/10/2033 (d)(g) | 4435000 | 4462903 |
| Providence Place Group LP Series 2000-C1 Class A2, 7.75% 7/20/2028 (g) | 761989 | 778180 |
| ROCK Trust Series 2024-CNTR Class E, 8.8191% 11/13/2041 (g) | 4917000 | 5262943 |
| SELF Commercial Mortgage Trust Series 2024-STRG Class E, CME Term SOFR 1 month Index + 4.1885%, 7.8481% 11/15/2034 (d)(e)(g) | 1838900 | 1838900 |
| SELF Commercial Mortgage Trust Series 2024-STRG Class F, CME Term SOFR 1 month Index + 5.187%, 8.8467% 11/15/2034 (d)(e)(g) | 1532300 | 1527251 |
| SG Commercial Mortgage Securities Trust Series 2020-COVE Class F, 3.7276% 3/15/2037 (d)(g) | 3855000 | 3490218 |
| SHR Trust Series 2024-LXRY Class E, CME Term SOFR 1 month Index + 4.45%, 8.1097% 10/15/2041 (d)(e)(g) | 1216000 | 1225366 |
| SMRT Trust Series 2022-MINI Class E, CME Term SOFR 1 month Index + 2.7%, 6.36% 1/15/2039 (d)(e)(g) | 3860000 | 3855175 |
| SMRT Trust Series 2022-MINI Class F, CME Term SOFR 1 month Index + 3.35%, 7.01% 1/15/2039 (d)(e)(g) | 1535000 | 1533131 |
| SREIT Trust Series 2021-MFP Class G, CME Term SOFR 1 month Index + 3.0883%, 6.7479% 11/15/2038 (d)(e)(g) | 5032210 | 5029368 |
| SREIT Trust Series 2021-MFP2 Class J, CME Term SOFR 1 month Index + 4.03%, 7.69% 11/15/2036 (d)(e)(g) | 1803000 | 1799661 |
| SREIT Trust Series 2021-PALM Class G, CME Term SOFR 1 month Index + 3.7306%, 7.3906% 10/15/2034 (d)(e)(g) | 3411000 | 3414517 |
| STWD Trust Series 2021-LIH Class F, CME Term SOFR 1 month Index + 3.6655%, 7.325% 11/15/2036 (d)(e)(g) | 4149000 | 4128329 |
| STWD Trust Series 2021-LIH Class G, CME Term SOFR 1 month Index + 4.3145%, 7.974% 11/15/2036 (d)(e)(g) | 1134000 | 1124912 |
| SWCH Commercial Mortgage Trust Series 2025-DATA Class F, CME Term SOFR 1 month Index + 4.2389%, 7.8986% 2/15/2042 (d)(e)(g) | 7802000 | 7731648 |
| UBS Commercial Mortgage Trust Series 2012-C1 Class E, 5% 5/10/2045 (d)(g) | 1432663 | 1361030 |
| UBS Commercial Mortgage Trust Series 2012-C1 Class F, 5% 5/10/2045 (c)(d)(g) | 2484000 | 740966 |
| UBS Commercial Mortgage Trust Series 2018-C8 Class C, 4.6817% 2/15/2051 (d) | 756000 | 697399 |
| VASA Trust Series 2021-VASA Class F, CME Term SOFR 1 month Index + 4.0145%, 7.6745% 7/15/2039 (d)(e)(g) | 3009000 | 2576642 |
| VASA Trust Series 2021-VASA Class G, CME Term SOFR 1 month Index + 5.1145%, 8.7745% 7/15/2039 (c)(d)(e)(g) | 693000 | 496404 |
| VDCM Commercial Mortgage Trust Series 2025-AZ Class C, 6.0329% 7/13/2044 (d)(g) | 2185000 | 2241207 |
| VDCM Commercial Mortgage Trust Series 2025-AZ Class D, 6.4337% 7/13/2044 (d)(g) | 1520000 | 1561620 |
| VDCM Commercial Mortgage Trust Series 2025-AZ Class E, 7.9314% 7/13/2044 (d)(g) | 1080000 | 1123901 |
| VTR Commercial Mortgage Trust Series 2025-STEM Class C, 6.0567% 10/13/2039 (d)(g) | 710000 | 713169 |
| VTR Commercial Mortgage Trust Series 2025-STEM Class D, 6.7089% 10/13/2039 (d)(g) | 2045000 | 2050787 |
| Wells Fargo Commercial Mortgage Trust Series 2016-BNK1 Class C, 3.071% 8/15/2049  | 520000 | 368678 |
| Wells Fargo Commercial Mortgage Trust Series 2016-NXS6 Class C, 4.3425% 11/15/2049 (d) | 1262000 | 1225646 |
| Wells Fargo Commercial Mortgage Trust Series 2018-C44 Class D, 3% 5/15/2051 (g) | 1864000 | 1375973 |
| Wells Fargo Commercial Mortgage Trust Series 2019-C49 Class B, 4.546% 3/15/2052  | 450000 | 443706 |
| Wells Fargo Commercial Mortgage Trust Series 2020-C57 Class D, 2.5% 8/15/2053 (g) | 2108000 | 1716016 |
| Wells Fargo Commercial Mortgage Trust Series 2021-C60 Class D, 2.5% 8/15/2054 (g) | 761000 | 596639 |
| Wells Fargo Commercial Mortgage Trust Series 2021-SAVE Class E, CME Term SOFR 1 month Index + 4.1145%, 7.7745% 2/15/2040 (d)(e)(g) | 450400 | 449309 |
| Wells Fargo Commercial Mortgage Trust Series 2024-1CHI Class E, 7.8268% 7/15/2035 (d)(g) | 2867000 | 2911949 |
| Wells Fargo Commercial Mortgage Trust Series 2024-5C2 Class C, 6.3328% 11/15/2057 (d) | 757000 | 781012 |
| Wells Fargo Commercial Mortgage Trust Series 2025-5C7 Class C, 5.798% 12/15/2058  | 710000 | 714851 |
| Wells Fargo Commercial Mortgage Trust Series 2025-C65 Class C, 6.014% 10/15/2058 (d) | 2255000 | 2282529 |
| WF-RBS Commercial Mortgage Trust Series 2011-C3 Class D, 6.0497% 3/15/2044 (d)(g) | 1284756 | 462512 |
| WF-RBS Commercial Mortgage Trust Series 2011-C4 Class D, 4.9965% 6/15/2044 (d)(g) | 976305 | 959903 |
| WF-RBS Commercial Mortgage Trust Series 2011-C4 Class E, 4.9965% 6/15/2044 (d)(g) | 1274000 | 1217818 |
| WF-RBS Commercial Mortgage Trust Series 2011-C4I Class G, 5% 6/15/2044 (c)(d) | 1252600 | 396540 |
| WF-RBS Commercial Mortgage Trust Series 2013-C11 Class E, 4.0678% 3/15/2045 (c)(d)(g) | 4999000 | 3549190 |
| WF-RBS Commercial Mortgage Trust Series 2013-C13 Class D, 3.9683% 5/15/2045 (d)(g) | 1122656 | 1051053 |
| WFCM Series 2022-C62 Class A4, 4% 4/15/2055  | 2074000 | 2013260 |
| WHARF Series 2025-DC Class E, 7.9816% 7/15/2040 (d)(g) | 1742000 | 1791672 |
| Worldwide Plaza Trust Series 2017-WWP Class F, 3.5955% 11/10/2036 (d)(g) | 1695000 | 8712 |
| WP Glimcher Mall Trust Series 2015-WPG Class PR1, 3.516% 6/5/2035 (d)(g) | 1638000 | 819000 |
| WP Glimcher Mall Trust Series 2015-WPG Class PR2, 3.516% 6/5/2035 (c)(d)(g) | 4354000 | 957880 |
| TOTAL UNITED STATES |  | 659021992 |
| <br> **TOTAL COMMERCIAL MORTGAGE SECURITIES**<br> (Cost $692,257,626) |  | <br> **661391235** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 2.6%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 2.6%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 2.6%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 2.6%  |  |  |
| Communication Services - 0.4% |  |  |
| Diversified Telecommunication Services - 0.4% |  |  |
| Uniti Services LLC 7.5% 10/15/2033 (g) | 2480000 | 2580271 |
| Consumer Discretionary - 0.0% |  |  |
| Hotels, Restaurants & Leisure - 0.0% |  |  |
| Times Square Hotel Trust 8.528% 8/1/2026 (g) | 236081 | 236528 |
| Real Estate - 2.2% |  |  |
| Diversified REITs - 0.4% |  |  |
| Safehold GL Holdings LLC 6.1% 4/1/2034  | 2792000 | 3014145 |
| Health Care REITs - 0.1% |  |  |
| MPT Operating Partnership LP / MPT Finance Corp 8.5% 2/15/2032 (g) | 955000 | 1022115 |
| Real Estate Management & Development - 0.4% |  |  |
| Americold Realty Operating Partnership LP 5.409% 9/12/2034  | 1625000 | 1610602 |
| Essex Portfolio LP 5.5% 4/1/2034  | 1401000 | 1461257 |
|  |  | 3071859 |
| Residential REITs - 0.9% |  |  |
| American Homes 4 Rent LP 5.5% 2/1/2034  | 3646000 | 3765641 |
| Invitation Homes Operating Partnership LP 5.5% 8/15/2033  | 2455000 | 2537435 |
|  |  | 6303076 |
| Retail REITs - 0.4% |  |  |
| NNN REIT Inc 5.6% 10/15/2033  | 2485000 | 2619995 |
| TOTAL REAL ESTATE |  | 16031190 |
| TOTAL UNITED STATES |  | 18847989 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $17,846,165) |  | <br> **18847989** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 0.0%** |
|  | Shares | Value ($)<br>|
| GRAND CAYMAN (UK OVERSEAS TER) - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Financial Services - 0.0% |  |  |
| Crest Dartmouth Street 0% (c)(d)(f)(g)<br>(Cost $2,796,600)<br>| 3100000 | **31** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 2.6%** | &nbsp;&nbsp;**Money Market Funds - 2.6%** | &nbsp;&nbsp;**Money Market Funds - 2.6%** | &nbsp;&nbsp;**Money Market Funds - 2.6%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (i)<br>(Cost $18,902,178)<br>| 3.70 | 18898398 | **18902178** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 101.2%**<br> (Cost $781,646,464)<br>| <br>**739767998** |
| **NET OTHER ASSETS (LIABILITIES) - (1.2)%**  | **(8860213)** |
| **NET ASSETS - 100.0%** | **730907785** |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.

(c) Level 3 security.

(d) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(e) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(f) Non-income producing.

(g) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $559,881,826 or 76.6% of net assets.

(h) Non-income producing - Security is in default.

(i) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 26078267 | 44479089 | 51654325 | 249796 | (853) | - | 18902178 | 18898398 | 0.0% |
| Total | 26078267 | 44479089 | 51654325 | 249796 | (853) | - | 18902178 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Bank Loan Obligations and Non-Convertible Corporate Bonds are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Asset-Backed Securities, Collateralized Mortgage Obligations and Commercial Mortgage Securities are valued by pricing services who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

**Credit and Liquidity Risk**

The Fund invests a significant portion of its assets in below investment grade securities with contractual cash flows, such as asset backed securities, collateralized mortgage obligations and commercial mortgage backed securities. As these securities have a higher degree of sensitivity to changes in economic conditions, including real estate values, the risk of default is higher, and the liquidity and/or value of such securities may be adversely affected.

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

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-11-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $737210853.68

**Total Liabilities:** $8371638.90

**Net Assets:** $728839214.78

**Cash Not Reported:** $106443.58

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1456.03695717 | **1-Year:** 18930.08427484 | **5-Year:** 62390.58642205 | **10-Year:** 39366.97099560 | **30-Year:** 567.86483290

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

- **3-Month:** 2762.85516974 | **1-Year:** 40187.01917074 | **5-Year:** 67167.05186971 | **10-Year:** 7939.28873340 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048884 | 0.43%                | 0.56%                | 0.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $341058.72               | $-41603.70                                 |
| Month 2  | $-4203043.23             | $5475436.28                                |
| Month 3  | $109679.48               | $3943327.67                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COMM 2006 FL12                                                                    | COMM 2014-CR20 C CSTR 11/10/2047                                                                     | CUSIP: 12592LBP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333522 | PA      | $322678.86    | 0.04%             | 2047-11-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2012-CCRE1 MTG TR                                                            | COMM 2012-CR1 D CSTR 5/45                                                                            | CUSIP: 12624BAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1747840 | PA      | $1618537.46   | 0.22%             | 2045-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2015-DC1 MTG TR                                                              | COMM 2015-DC1 B MTG TR VAR 02/10/2048                                                                | CUSIP: 12629NAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3527000 | PA      | $3370401.20   | 0.46%             | 2048-02-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COMM 2015-DC1 MTG TR                                                              | COMM 2015-DC1 MTG TR VAR 02/10/2048                                                                  | CUSIP: 12629NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3928000 | PA      | $3466067.20   | 0.48%             | 2048-02-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR RE CDO 05-1 LTD COR                                                    | CTCDO 2005-1A D TSFR1M+161.448 3/50                                                                  | CUSIP: 140558AD9<br>LEI: 549300EO21RSSTCI1873 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $0.08         | 0.00%             | 2050-03-20      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| CAPITAL TR RE CDO 05-1 LTD COR                                                    | CTCDO 2005-1A E TSFR1M+221.448 3/50                                                                  | CUSIP: 140558AE7<br>LEI: 549300EO21RSSTCI1873 | Long             | ABS-CBDO         | CORP              | KY        |   2670000 | PA      | $0.27         | 0.00%             | 2050-03-20      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| COMM 2015-LC19 MTG TR                                                             | COMM 2015-LC19 C MTG TR CSTR 02/10/2048                                                              | CUSIP: 200474BH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2072446 | PA      | $1975137.55   | 0.27%             | 2048-02-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CREST CLARENDON STR 02 1 LTD                                                      | CREST CLARENDON STR 02 1 LTD 3ML+47 12/28/2035 144A                                                  | CUSIP: 226063204<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $0.30         | 0.00%             | 2035-12-28      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| CREST DARTMOUTH STR 03 1 LTD                                                      | CRST DRTMTH ST 2003-1 0% PFD 144A                                                                    | CUSIP: 226065209<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |   3100000 | NS      | $31.00        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CREST 2004-1 LTD/CORP                                                             | CREST 2004-1A H1 3ML+369 1/40                                                                        | CUSIP: 22608WAS8<br>LEI: 549300MJZTHEPDTYM573 | Long             | ABS-CBDO         | CORP              | KY        |   3078262 | PA      | $0.31         | 0.00%             | 2040-01-28      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2002-W1 3B3 CSTR 2/42                                                                            | CUSIP: 31392CMZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     16677 | PA      | $7563.20      | 0.00%             | 2042-02-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2002-W6 3B4 CSTR 1/42                                                                            | CUSIP: 31392DH39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     15319 | PA      | $2855.38      | 0.00%             | 2042-01-25      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2003-W10 2B4 CSTR 6/43                                                                           | CUSIP: 31393DUM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     56223 | PA      | $15743.98     | 0.00%             | 2043-06-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| FEDERAL NAT MTG ASN GTD REM PA                                                    | FNW 2003-W10 2B5 CSTR 6/43                                                                           | CUSIP: 31393DUN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |      3375 | PA      | $185.63       | 0.00%             | 2043-06-25      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| Fidelity Revere Street Trust                                                      | Fidelity Cash Central Fund                                                                           | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  18898398 | NS      | $18902177.57  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 D 5.47 8/44                                                                            | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1929752 | PA      | $1535327.48   | 0.21%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GSMS 2011-GC5 E CSTR 8/44                                                                            | CUSIP: 36191YAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2432000 | PA      | $840204.20    | 0.12%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2011-GC5                                                           | GS MTG SECS TR 2011-GC5 4.5% 08/10/2044 144A                                                         | CUSIP: 36191YAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4308000 | PA      | $12924.00     | 0.00%             | 2044-08-10      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| JPMBB COML MTG SECS TR 2015-C32                                                   | JPMBB COML MTG SECS TR 2015-C32 C CSTR 11/15/2048                                                    | CUSIP: 46590JBC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $314850.00    | 0.04%             | 2048-11-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX E CSTR 6/45                                                                           | CUSIP: 46637WAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2257406 | PA      | $2208281.75   | 0.30%             | 2045-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JP MORGAN CHASE CMS TR 12-CIBX 4.0% 06/15/2045 144A                                                  | CUSIP: 46637WAS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3743000 | PA      | $3241979.61   | 0.44%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX G 4.0% 6/45 144A                                                                      | CUSIP: 46637WAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3129000 | PA      | $2141913.14   | 0.29%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                                       | JP MORGAN CH CMS 13-LC11 D CSTR 04/15/2046                                                           | CUSIP: 46639YAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    785319 | PA      | $7837.48      | 0.00%             | 2046-04-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                                       | JPMCC 2014-DSTY D CSTR 06/27                                                                         | CUSIP: 46642MAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3213000 | PA      | $8081.34      | 0.00%             | 2027-06-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                                       | JPMCC 2014-DSTY E CSTR 06/27                                                                         | CUSIP: 46642MAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4232000 | PA      | $10580.00     | 0.00%             | 2027-06-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MSJP 2015-HAUL                                                                    | MSJP 2015-HAUL E 5.012% 09/05/2047 144A                                                              | CUSIP: 553697AN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1014000 | PA      | $890704.19    | 0.12%             | 2047-09-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C2                                                   | MSC 2011-C2 D CSTR 6/44                                                                              | CUSIP: 617459AJ1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   1641443 | PA      | $1625356.42   | 0.22%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 E CSTR 7/15/49 144A                                                                      | CUSIP: 61760RAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    604827 | PA      | $599477.11    | 0.08%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MSC 2011-C3 G CSTR 07/49                                                                             | CUSIP: 61760RAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3536800 | PA      | $3420220.71   | 0.47%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6                                   | MORGAN STAN BAML TR-2012-C6 F CSTR 11/15/2045 144A                                                   | CUSIP: 61761DAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1575000 | PA      | $220563.00    | 0.03%             | 2045-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9                                   | MSBAM 13-C9 D CSTR 5/15/46                                                                           | CUSIP: 61762DAG6<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |   1740000 | PA      | $1619016.23   | 0.22%             | 2046-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                                  | MORGAN STANLEY CAP I TR 2015 4.163% 5/15/48                                                          | CUSIP: 61765DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    736000 | PA      | $599766.40    | 0.08%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                                  | MSC 2015-MS1 C VAR/CSTR 5/48                                                                         | CUSIP: 61765DAZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1973000 | PA      | $1775502.70   | 0.24%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE PLACE GROUP LTD PARTNERSHIP                                            | PPGLP 2000-C1 A2 7.75% 7/28                                                                          | CUSIP: 743784AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    761989 | PA      | $778180.07    | 0.11%             | 2028-07-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| TABERNA PFD FDG VI LTD / INC                                                      | TBRNA 2006-6A F1 TSFR3M+476.161 12/36                                                                | CUSIP: 87331AAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7810908 | PA      | $0.78         | 0.00%             | 2036-12-05      | Variable      | 0.08%                 | No            |                  3 | On Loan: No      |
| TIMES SQUARE HOTEL TR                                                             | TIMES SQUARE HOTEL TR 8.528% 08/01/2026 144A                                                         | CUSIP: 887367AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    197428 | PA      | $197801.70    | 0.03%             | 2026-08-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                                           | UBSCM 2012-C1 F CSTR 5/10/45 144A                                                                    | CUSIP: 90269GAS0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2484000 | PA      | $740966.02    | 0.10%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2011-C3                                                         | WFRBS 2011-C3 D CSTR 3/44                                                                            | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1284756 | PA      | $462512.18    | 0.06%             | 2044-03-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 D VAR 06/44                                                                            | CUSIP: 92936CAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    976305 | PA      | $959903.47    | 0.13%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 E 5.248784% 6/44                                                                       | CUSIP: 92936CAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1274000 | PA      | $1217816.60   | 0.17%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 G 5% 06/15/44                                                                          | CUSIP: 92936CBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1252600 | PA      | $396540.47    | 0.05%             | 2044-06-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2013-C11                                                        | WFRBS 2013-C11 E VAR 3/45                                                                            | CUSIP: 92937EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4999000 | PA      | $3549190.02   | 0.49%             | 2045-03-15      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2013-C13                                                        | WFRBS COML MTG TR 2013-C13 D CSTR 05/15/2045 144A                                                    | CUSIP: 92937UAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1122656 | PA      | $1051052.66   | 0.14%             | 2045-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR2 CSTR 06/35                                                                        | CUSIP: 92939VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4354000 | PA      | $957880.00    | 0.13%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2015-MS1                                                  | MSCI TR 2015-MS1 B CSTR 05/15/2048                                                                   | CUSIP: 61765DAX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    233629 | PA      | $224727.73    | 0.03%             | 2048-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2012-C1                                                           | UBSCM 2012-C1 E CSTR 05/45                                                                           | CUSIP: 90269GAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1432663 | PA      | $1361029.80   | 0.19%             | 2045-05-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10                                    | BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10 B 3.79% 06/15/2049                                    | CUSIP: 06054MAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3085000 | PA      | $3039125.43   | 0.42%             | 2049-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK AMER MERRILL LYNCH COML MTG TR 2016-UBS10                                    | BACM 2016-UBS10 CSTR 06/49                                                                           | CUSIP: 06054MAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2418000 | PA      | $2345787.88   | 0.32%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2014-CCRE17 MTG TR                                                           | COMM 2014-CCRE17 E CSTR 05/10/2047 144A                                                              | CUSIP: 12631DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    589000 | PA      | $445488.09    | 0.06%             | 2047-05-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1                                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1 C 3.071% 08/15/2049                                  | CUSIP: 95000GBE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $368677.50    | 0.05%             | 2049-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS 2016-ETC MTG TR                                                             | BBCMS 2016-ETC D CSTR 08/14/36 144A                                                                  | CUSIP: 05491LAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1749000 | PA      | $1687235.99   | 0.23%             | 2036-08-14      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2016-P4                                                     | CITIGROUP COML MTG TR 2016-P4 VAR 07/10/2049                                                         | CUSIP: 29429EAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525000 | PA      | $489952.63    | 0.07%             | 2049-07-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2016-NXS6                                                 | WELLS FARGO COML MTG TR 2016-NXS6 4.4523% 11/15/2049                                                 | CUSIP: 95000KBH7<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |   1262000 | PA      | $1225646.32   | 0.17%             | 2049-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2016-BNK2                                                 | MSC 2016-BNK2 C CSTR 11/49                                                                           | CUSIP: 61690YBZ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $520068.54    | 0.07%             | 2049-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2016-CD2 MTG TR                                            | CD 2016-CD2 D CSTR 11/49                                                                             | CUSIP: 12515AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1658571 | PA      | $400659.01    | 0.05%             | 2049-11-10      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILT 2016-HHV F CSTR 11/38 144A                                                                      | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6517000 | PA      | $6411066.17   | 0.88%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMCC COML MTG SECS TR 2016-JP4                                                   | JPMCC COML MTG SECS TR 2016-JP4 CSTR 12/15/2049 144A                                                 | CUSIP: 46645UAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2418000 | PA      | $1830950.46   | 0.25%             | 2049-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JPMCC COML MTG SECS TR 2016-JP4                                                   | JPMCC COML MTG SECS TR 2016-JP4 C VAR 12/15/2049                                                     | CUSIP: 46645UAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    685000 | PA      | $614346.98    | 0.08%             | 2049-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JPMBB COML MTG SECS TR 2014-C26                                                   | JPMBB 2014-C26 D CSTR 01/15/2048 144A                                                                | CUSIP: 46643TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $1996290.00   | 0.27%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD3 MTG TR                                                                | CD 2017-CD3 D 3.25% 02/10/2050 144A                                                                  | CUSIP: 12515GAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3732584 | PA      | $214119.71    | 0.03%             | 2050-02-10      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| GS MTG SECS TR 2017-GS5                                                           | GS MTG SECS TR 2017-GS5 CSTR 03/10/2050                                                              | CUSIP: 36252HAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2499000 | PA      | $1386921.01   | 0.19%             | 2050-03-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| BANK 2017-BNK4                                                                    | BANK 2017-BNK4 D 3.357% 05/15/2050 144A                                                              | CUSIP: 06541FAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2308000 | PA      | $1540383.90   | 0.21%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | CD 2017-CD4 D 3.3% 05/10/2050 144A                                                                   | CUSIP: 12515DAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    356070 | PA      | $315434.08    | 0.04%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2017-C33                                  | MORGAN STANLEY BK AMER MERRILL LYNCH TR 2017-C33 3.356% 05/15/2050 144A                              | CUSIP: 61767CAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2932000 | PA      | $2638041.78   | 0.36%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK4                                                                    | BANK 2017-BNK4 4.372% 05/15/2050                                                                     | CUSIP: 06541FBF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1395000 | PA      | $1241704.43   | 0.17%             | 2050-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A                                                                 | CUSIP: 92939VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $819000.00    | 0.11%             | 2035-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                                            | MORGAN STANLEY CAPITAL I TRUST 2017-H1 B 4.075% 06/15/2050                                           | CUSIP: 61691JAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $980615.60    | 0.13%             | 2050-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                            | COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR CSTR 05/10/2050                                               | CUSIP: 12515DAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1920000 | PA      | $1807849.92   | 0.25%             | 2050-05-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                                            | MORGAN STANLEY CAPITAL I TRUST 2017-H1 4.281% 06/15/2050                                             | CUSIP: 61691JBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2733000 | PA      | $2590995.78   | 0.36%             | 2050-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-C8 COML MTG TR                                                         | CSAIL 2017-C8 C COML MTG TR 4.264798% 06/15/2050                                                     | CUSIP: 12595BAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3060000 | PA      | $2729512.96   | 0.37%             | 2050-06-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COMM 2017-COR2                                                                    | COMM 2017-COR2 D 3% 09/10/2050 144A                                                                  | CUSIP: 12595EAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1146000 | PA      | $1047714.80   | 0.14%             | 2050-09-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COMM 2017-COR2                                                                    | COMM 2017-COR2 VAR 09/10/2050                                                                        | CUSIP: 12595EAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1192000 | PA      | $1144369.94   | 0.16%             | 2050-09-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2011-C3                                                   | MORGAN STANLEY CAP I TR 2011-C3 F CSTR 07/15/2049 144A                                               | CUSIP: 61760RAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    984000 | PA      | $959365.46    | 0.13%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| WORLDWIDE PLAZA TR 2017-WWP                                                       | WORLDWIDE PLAZA TR 2017-WWP F CSTR 11/10/2036 144A                                                   | CUSIP: 98162JAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1695000 | PA      | $8712.30      | 0.00%             | 2036-11-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2017-HR2                                                  | MORGAN STANLEY CAP I TR 2017-HR2 D 2.73% 12/15/2050                                                  | CUSIP: 61691NAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5150000 | PA      | $4712050.70   | 0.65%             | 2050-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST 2018-C8                                             | UBS COMMERCIAL MORTGAGE TRUST 2018-C8 CSTR 02/15/2051                                                | CUSIP: 90276VAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756000 | PA      | $697399.34    | 0.10%             | 2051-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2018-BNK10                                                                   | BANK 2018-BNK10 4.078% 02/15/2061                                                                    | CUSIP: 065404BD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1035000 | PA      | $975839.50    | 0.13%             | 2061-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2018-BNK10                                                                   | BANK 2018-BNK10 VAR 02/15/2061                                                                       | CUSIP: 065404BE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2936000 | PA      | $2717575.69   | 0.37%             | 2061-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2018-C44                                                  | WELLS FARGO COML MTG TR 2018-C44 3% 05/15/2051 144A                                                  | CUSIP: 95001JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1864000 | PA      | $1375973.30   | 0.19%             | 2051-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2018-C8                                                    | JPMDB COML MTG SECS TR 2018-C8 CSTR 06/15/2051 144A                                                  | CUSIP: 46591AAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1171000 | PA      | $947083.14    | 0.13%             | 2051-06-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2018-AON                                        | J P MORGAN CHASE COML MTG SECS TR 2018-AON-F 4.6132% 07/05/2031 144A                                 | CUSIP: 46649XAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2150000 | PA      | $322632.01    | 0.04%             | 2031-07-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COMM 2018-HCLV MTG TR                                                             | COMM MORTGAGE TRUST 2018-HCLV G TSFR1M+520.234 069/15/2033                                           | CUSIP: 20048KAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1487000 | PA      | $35371.42     | 0.00%             | 2033-09-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2018-B7 MTG TR                                                          | BENCHMARK 2018-B7 MTG TR VAR 05/15/2053 144A                                                         | CUSIP: 08162TAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833000 | PA      | $670413.14    | 0.09%             | 2053-05-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DBGS 2018-C1 MTG TR                                                               | DBGS MTG TR 2018-C1 C CSTR 10/15/2051                                                                | CUSIP: 23307DBE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    777000 | PA      | $718104.80    | 0.10%             | 2051-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC38                                                          | GS MTG SECS TR 2019-GC38 3% 02/10/2052 144A                                                          | CUSIP: 36252SAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1667000 | PA      | $1447678.81   | 0.20%             | 2052-02-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C49                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2019-C49 4.546% 03/15/2052                                     | CUSIP: 95001WBF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $443706.44    | 0.06%             | 2052-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DBGS 2019-1735 MTG TR                                                             | DBGS 2019-1735 F CSTR 04/10/2037 144A                                                                | CUSIP: 23307EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $700143.90    | 0.10%             | 2037-04-10      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| GS MTG SECS TR 2019-GC39                                                          | GS MTG SECS TR 2019-GC39 D 3% 05/10/2052 144A                                                        | CUSIP: 36260JAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2830000 | PA      | $2238274.17   | 0.31%             | 2052-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-C10                                        | JP MORGAN CHASE COML MTG SECS 2019-OSB E CSTR 06/05/2039 144A                                        | CUSIP: 46651EAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3019000 | PA      | $2721258.07   | 0.37%             | 2039-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2019-10K                                                 | NATIXIS COML MTG SECS TR 2019-10K CSTR 05/15/2039 144A                                               | CUSIP: 63874UAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3014000 | PA      | $2741343.31   | 0.38%             | 2039-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-C10                                        | JP MORGAN CHASE COML MTG SECS TR 19-OSB A 3.3973% 06/05/2039 144A                                    | CUSIP: 46651EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1696000 | PA      | $1613590.51   | 0.22%             | 2039-06-05      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-C10                                        | JP MORGAN CHASE COML MTG SECS TR 2013-C10 D CSTR 06/05/2039 144A                                     | CUSIP: 46651EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    984000 | PA      | $904218.85    | 0.12%             | 2039-06-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2019-1 TR                                                      | HOME PARTNERS AMER 2019-1 TR 4.101% 09/17/2039 144A                                                  | CUSIP: 43731QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201216 | PA      | $194196.60    | 0.03%             | 2039-09-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2019-B12 MTG TR                                                         | BENCHMARK 2019-B12 MTG TR 3.5702% 08/15/2052                                                         | CUSIP: 08162FAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1186000 | PA      | $1043881.86   | 0.14%             | 2052-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2019-2 TR                                                      | HOME PARTNERS AMER 2019-2 TR 3.866% 10/19/2039 144A                                                  | CUSIP: 43732TAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2019452 | PA      | $1969182.26   | 0.27%             | 2039-10-19      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SG COML MTG SECS TR 2019-PRES                                                     | SG COML MTG SECS TR 2019-PREZ F CSTR 09/15/2039 144A                                                 | CUSIP: 78430EAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3206000 | PA      | $2704123.14   | 0.37%             | 2039-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC42                                                          | GS MTG SECS TR 2019-GC42 CSTR 09/01/2052                                                             | CUSIP: 36257UAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3833000 | PA      | $3303224.59   | 0.45%             | 2052-09-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2019-GC42                                                          | GS MTG SECS TR 2019-GC42 2.8% 09/10/2052 144A                                                        | CUSIP: 36257UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2307000 | PA      | $1717006.21   | 0.24%             | 2052-09-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DC OFFICE TRUST 2019                                                              | DC OFFICE TRUST 2019-MTC E CSTR 12/31/2049 144A                                                      | CUSIP: 23312BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1029000 | PA      | $866590.46    | 0.12%             | 2045-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST 2019                                                           | CPT MORTGAGE TRUST 2019-CPT F CSTR 11/13/2039 144A                                                   | CUSIP: 12654YAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2772000 | PA      | $2279630.71   | 0.31%             | 2039-11-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                                         | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                                        | CUSIP: 08162YBM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1680000 | PA      | $8400.00      | 0.00%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| BENCHMARK 2019-B14 MTG TR                                                         | BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A                                                        | CUSIP: 08162YBP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1132000 | PA      | $2830.00      | 0.00%             | 2062-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| JPMDB COML MTG SECS TR 2019                                                       | JPMDB COML MTG SECS TR 2019 2.5% 11/13/2052 144A                                                     | CUSIP: 48129RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1354000 | PA      | $658271.20    | 0.09%             | 2052-11-13      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK22                                                                   | BANK 2019-BNK22 2.5% 11/15/2062 144A                                                                 | CUSIP: 06540XAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2465000 | PA      | $1951217.34   | 0.27%             | 2062-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX TR 2019-OC11                                                                   | BX TR 2019-OC11 4.075457% 12/09/2041 144A                                                            | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14678000 | PA      | $13742678.21  | 1.89%             | 2041-12-09      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BARCLAYS COMMERCIAL MORTGAGE                                                      | BARCLAYS COMMERCIAL MORTGAGE 2.5% 11/15/2052 144A                                                    | CUSIP: 05492JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    726000 | PA      | $586162.24    | 0.08%             | 2052-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CSMC 2019-UVIL                                                                    | CSMC 2019-UVIL E CSTR 12/15/2041 144A                                                                | CUSIP: 12656DAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6276000 | PA      | $5659688.64   | 0.78%             | 2041-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2020-GC45                                                          | GS MTG SECS TR 2020-GC45 3.21854% 12/13/2039 144A                                                    | CUSIP: 36258YAY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1764000 | PA      | $1448235.71   | 0.20%             | 2039-12-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK8                                                                    | BANK 2017-BNK8 E 2.8% 11/15/2050 144A                                                                | CUSIP: 06650AAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2625000 | PA      | $1182861.49   | 0.16%             | 2050-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MKT 2020-525M MTG TR                                                              | MKT 2020-525M MTG TR CSTR 02/12/2040 144A                                                            | CUSIP: 55316PAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1976000 | PA      | $1527453.53   | 0.21%             | 2040-02-12      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                                        | J P MORGAN CHASE COML MTG SECS TR 2020-NNN 3.972% 01/16/2037 144A                                    | CUSIP: 46652BBL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2771000 | PA      | $969822.29    | 0.13%             | 2037-01-16      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SG COML MTG SECS TR 2020-COVE                                                     | SG COMMERCIAL MORTGAGE SECURITIES TRUST 2020-COVE F CSTR 03/15/2037 144A                             | CUSIP: 78397FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3855000 | PA      | $3490218.31   | 0.48%             | 2037-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIXIS COML MTG SECS TR 2019-10K                                                 | NCMS 2019-10K E VAR 05/15/2039 144A                                                                  | CUSIP: 63874UAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2293000 | PA      | $2159694.38   | 0.30%             | 2039-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2020-VIVA                                            | BX COMMERCIAL MORTGAGE TRUST 2020-VIVA E 3.54875% 03/09/2044 144A                                    | CUSIP: 12433XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9936000 | PA      | $9064815.49   | 1.24%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2020-VIVA                                            | BX COML MTG TR 2020-VIVA CSTR 03/09/2044 144A                                                        | CUSIP: 12433XAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9422000 | PA      | $8853484.06   | 1.21%             | 2044-03-11      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS TR 2020-GC47                                                          | GS MTG SECS TR 2020-GC47 D CSTR 05/12/2053 144A                                                      | CUSIP: 36258RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756000 | PA      | $594855.12    | 0.08%             | 2053-05-12      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2020-CNP                                                  | MORGAN STANLEY CAP I TR 2020-CNP CSTR 04/05/2042 144A                                                | CUSIP: 61770YAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1043000 | PA      | $842184.12    | 0.12%             | 2042-04-05      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-IG3 MTG TR                                                         | BENCHMARK 2020-IG3 MTG TR CSTR 09/15/2048 144A                                                       | CUSIP: 08162QCC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3049000 | PA      | $2866033.47   | 0.39%             | 2048-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK27                                                                   | BANK 2020-BNK27 2.5% 04/15/2063 144A                                                                 | CUSIP: 06539YAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    921000 | PA      | $723086.95    | 0.10%             | 2063-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                                        | JPMCC 2020-NNN FFX 4.6254% 01/16/2037 144A                                                           | CUSIP: 46652BBN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2388000 | PA      | $573096.12    | 0.08%             | 2037-01-16      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2020                                   | JPMDB COMMERCIAL MORTGAGE SECURITIES TRUST 2020-COR7 D 1.75% 05/13/2053 144A                         | CUSIP: 46652JAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1535000 | PA      | $773810.69    | 0.11%             | 2053-05-13      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C7                                                              | BBCMS MTG TR 2020-C7 B 3.152% 04/15/2053                                                             | CUSIP: 05492VAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    853000 | PA      | $757103.69    | 0.10%             | 2053-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C7                                                              | BBCMS MTG TR 2020-C7 CSTR 04/15/2053                                                                 | CUSIP: 05492VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1185000 | PA      | $1029458.09   | 0.14%             | 2053-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B18 MORTGAGE TRUST                                                 | BENCHMARK 2020-B18 MORTGAGE TRUST 2.25% 07/15/2053 144A                                              | CUSIP: 08163AAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $887353.80    | 0.12%             | 2053-07-15      | Fixed         | 0.02%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO COML MTG TR 2015-SG1                                                  | WELLS FARGO COML MTG TR 2020-C57 D 2.5% 08/15/2053 144A                                              | CUSIP: 95002XAC9<br>LEI: 549300ZJL46M82UL2Z22 | Long             | ABS-MBS          | CORP              | US        |   2108000 | PA      | $1716015.50   | 0.24%             | 2053-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BN28                                                                    | BANK 2020-BN28 2.5% 03/15/2063 144A                                                                  | CUSIP: 06540YBH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903000 | PA      | $685292.03    | 0.09%             | 2063-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BN28                                                                    | BANK 2020-BN28 AS 2.14% 03/15/2063                                                                   | CUSIP: 06540YAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    717000 | PA      | $644975.34    | 0.09%             | 2063-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2020-C8                                                              | BBCMS MTG TR 2020-C8 2.25% 10/15/2053 144A                                                           | CUSIP: 05552AAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3013000 | PA      | $2084570.26   | 0.29%             | 2053-10-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2020-420K                                                   | CITIGROUP COMMERCIAL MORTGAGE TRUST 2020- 420K E CSTR 11/10/2042 144A                                | CUSIP: 17328QAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3345000 | PA      | $2985636.95   | 0.41%             | 2042-11-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B21 MTG TR                                                         | BENCHMARK 2020-B21 MTG TR 2% 12/17/2053 144A                                                         | CUSIP: 08163LBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $1160692.04   | 0.16%             | 2053-12-17      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-B21 MTG TR                                                         | BENCHMARK 2020-B21 MTG TR 2.2543% 12/17/2053                                                         | CUSIP: 08163LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    662000 | PA      | $591468.14    | 0.08%             | 2053-12-17      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK30                                                                   | BANK 2020-BN30 MCDG CSTR 12/53                                                                       | CUSIP: 06541UBJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3921000 | PA      | $2401622.30   | 0.33%             | 2053-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO COML MTG TR 2021-SAVE                                                 | WELLS FARGO COML MTG TR 2021-SAVE E TSFR1M+376.448 02/15/2040 144A                                   | CUSIP: 95003LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450400 | PA      | $449309.21    | 0.06%             | 2040-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX 2021-LBA                                                                       | BX 2021-LBA FJV TSFR1M+251.448 02/15/2028 144A                                                       | CUSIP: 05609BAP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458000 | PA      | $457858.80    | 0.06%             | 2036-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILTON USA TR 2016-HHV VAR 11/05/2038 144A                                                           | CUSIP: 43300LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5078000 | PA      | $5038523.63   | 0.69%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2020-NNN                                        | J P MORGAN CHASE COML MTG SECS TR 2020-NNN GFX CSTR 01/16/2037 144A                                  | CUSIP: 46652BBQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    942000 | PA      | $94190.58     | 0.01%             | 2037-01-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                          | MHC 2021 MHC G TSFR1M+331.544 9 04/15/2026 144A                                                      | CUSIP: 55316VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8960000 | PA      | $8959998.20   | 1.23%             | 2038-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VASA TR 2021-VASA                                                                 | VASA TR 2021-VASA G TSFR1M+511.448 04/15/2060 144A                                                   | CUSIP: 92230AAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    693000 | PA      | $496403.94    | 0.07%             | 2039-07-15      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| VASA TR 2021-VASA                                                                 | VASA TR 2021-VASA F TSFR1M+401.448 04/15/2060 144A                                                   | CUSIP: 92230AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3009000 | PA      | $2576641.60   | 0.35%             | 2039-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2021 MORTGAGE TRUST                                                     | BENCHMARK MORTGAGE TRUST 2021-B25 300E CSTR 04/15/2054 144A                                          | CUSIP: 08163DBZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1113000 | PA      | $510629.04    | 0.07%             | 2054-04-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| BX COML MTG TR 2021-MC                                                            | BX COML MTG TR 2021-MC G TSFR1M+320.126 68 04/15/2034 144A                                           | CUSIP: 05608GAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1572000 | PA      | $1542900.24   | 0.21%             | 2034-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2021-BNK33                                                                   | BANK 2021-BNK33 2.893% 05/15/2064                                                                    | CUSIP: 06541CBY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    903000 | PA      | $794286.29    | 0.11%             | 2064-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE COM MTG TR 2021                                                     | CREDIT SUISSE COM MTG TR 2021-SOP2 F STEP 06/15/2034 144A                                            | CUSIP: 12657VAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2561600 | PA      | $1034128.68   | 0.14%             | 2034-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COML MTG TR 2021-MF F TSFR1M+346.448 07/15/2038 144A                                            | CUSIP: 69356GAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2225000 | PA      | $607532.02    | 0.08%             | 2038-07-15      | Variable      | 0.07%                 | No            |                  3 | On Loan: No      |
| PKHL COML MTG TR 2021-MF                                                          | PKHL COML MTG TR 2021-MF TSFR1M+611.448 07/15/2038 144A                                              | CUSIP: 69356GAU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    631000 | PA      | $76882.30     | 0.01%             | 2038-07-15      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-1 TR                                                      | HOME PARTNERS AMER 2021-1 TR 3.325% 09/17/2041 144A                                                  | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    844599 | PA      | $772092.55    | 0.11%             | 2041-09-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MERIT 2021-STOR G TSFR1M+286.448 07/15/2038 144A                                                     | CUSIP: 55293BAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4235000 | PA      | $4229706.25   | 0.58%             | 2038-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+406.448 08/15/2026 144A                                                      | CUSIP: 482606AS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4435575 | PA      | $4386509.53   | 0.60%             | 2038-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+186.448 08/15/2026 144A                                                      | CUSIP: 482606AL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    532626 | PA      | $527299.75    | 0.07%             | 2038-08-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 2.5% 08/15/2054 144A                                  | CUSIP: 95003DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    761000 | PA      | $596639.37    | 0.08%             | 2054-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD                                    | PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD 3% 12/26/2070 144A                                    | CUSIP: 74167UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   6369000 | PA      | $5512369.50   | 0.76%             | 2070-12-26      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2021-B29 MORTGAGE TRUST                                                 | BENCHMARK 2021-B29 A5 MORTGAGE TRUST 2.3879% 09/15/2054                                              | CUSIP: 08163JAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2055000 | PA      | $1856287.25   | 0.25%             | 2054-09-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BX 2021-XL2                                                                       | BX 2021-XL2 TSFR1M+295.728 10/15/2038 144A                                                           | CUSIP: 05609KAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    857500 | PA      | $857232.03    | 0.12%             | 2038-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST 2017-H1                                            | MORGAN STANLEY CAPITAL I TRUST 2017-H1 D 2.546% 06/15/2050 144A                                      | CUSIP: 61691JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5262000 | PA      | $4559179.92   | 0.63%             | 2050-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-PAC                                             | BX COMMERCIAL MORTGAGE TRUST 2021-PAC G TSFR1M+306.058 21 10/15/2036 144A                            | CUSIP: 05609PAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3192000 | PA      | $3188014.47   | 0.44%             | 2036-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-2 TR                                                      | HOME PARTNERS AMER 2021-2 TR 4.505% 12/17/2026 144A                                                  | CUSIP: 43732VAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5311768 | PA      | $5241691.11   | 0.72%             | 2026-12-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX TR 2021-ACNT                                                                   | BX TR 2021-ACNT TSFR1M+340.948 3 11/15/2026 144A                                                     | CUSIP: 05609QAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2199325 | PA      | $2189737.10   | 0.30%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2021-SFR1 TR                                                   | TRICON RESIDENTIAL 2021-SFR1 TR 4.133% 07/17/2038 144A                                               | CUSIP: 89614YAH9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    672000 | PA      | $666731.45    | 0.09%             | 2038-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+424.7 11/15/2036 144A                                                        | CUSIP: 78486EAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1134000 | PA      | $1124911.78   | 0.15%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| STWD TR 2021-LIH                                                                  | STWD TR 2021-LIH TSFR1M+359.8 1 11/15/2036 144A                                                      | CUSIP: 78486EAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4149000 | PA      | $4128329.27   | 0.57%             | 2036-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP                                                                 | SREIT TR 2021-MFP G TSFR1M+308.828 38 11/15/2038 144A                                                | CUSIP: 78472UAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5032210 | PA      | $5029367.99   | 0.69%             | 2038-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-MFP2                                                                | SREIT TR 2021-MFP2 TSFR1M+402.998 55 11/15/2036 144A                                                 | CUSIP: 85236WCU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1803000 | PA      | $1799661.20   | 0.25%             | 2036-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2021-CIP                                                           | BX COML MTG TR 2021-CIP TSFR1M+293.448 12/15/2028 144A                                               | CUSIP: 12434FAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3803614 | PA      | $3802425.20   | 0.52%             | 2038-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HOME PARTNERS AMER 2021-3 TR                                                      | HOME PARTNERS AMER 2021-3 TR 4.242% 01/17/2041 144A                                                  | CUSIP: 43730XAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1192591 | PA      | $1114805.71   | 0.15%             | 2041-01-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BXP TR 2021-601L                                                                  | BXP TR 2021-601L VAR 01/15/2044 144A                                                                 | CUSIP: 05607TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    709000 | PA      | $575641.28    | 0.08%             | 2044-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL F                                                                   | MHP 2022-MHIL F TSFR1M+325.92 01/15/2027 144A                                                        | CUSIP: 55293DAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4082400 | PA      | $4079848.50   | 0.56%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL F                                                                   | MHP 2022-MHIL F TSFR1M+395.75 01/15/2027 144A                                                        | CUSIP: 55293DAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1881600 | PA      | $1884020.87   | 0.26%             | 2027-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MHP 2022-MHIL MEZZ                                                                | MHP 2022-MHIL MEZZ SOFR+500 01/09/2027                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2252886 | PA      | $2196563.57   | 0.30%             | 2027-01-09      | Variable      | 0.09%                 | No            |                  3 | On Loan: No      |
| BX TR 2022-VAMF                                                                   | BX TR 2022-VAMF TSFR1M+329.9 01/15/2039 144A                                                         | CUSIP: 05609TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2435281 | PA      | $2427052.93   | 0.33%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TR 2022-LBA6                                                                   | BX TR 2022-LBA6 TSFR1M+335 01/15/2039 144A                                                           | CUSIP: 12433EAQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4315000 | PA      | $4309606.68   | 0.59%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                                    | SMRT 2022-MINI TSFR1M+335 01/15/2039 144A                                                            | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1535000 | PA      | $1533130.68   | 0.21%             | 2039-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust 2022-C14                                                     | BBCMS Mortgage Trust 2022-C14 A5 2.946% 02/15/2055                                                   | CUSIP: 07336AAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3302000 | PA      | $3040907.89   | 0.42%             | 2055-02-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                        | BMO 2022-C1 MORTGAGE TRUST CSTR 02/15/2042 144A                                                      | CUSIP: 05609MDC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $1334598.01   | 0.18%             | 2055-02-17      | Variable      | 0.04%                 | No            |                  3 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                        | BMO 2022-C1 MORTGAGE TRUST 2022-C1 360E CSTR 02/15/2042 144A                                         | CUSIP: 05609MDE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1970000 | PA      | $1529618.91   | 0.21%             | 2055-02-17      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BMO 2022-C1 MORTGAGE TRUST                                                        | BMO 2022-C1 MORTGAGE TRUST 3.374% 02/15/2055                                                         | CUSIP: 05609MCC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3142000 | PA      | $2971017.39   | 0.41%             | 2055-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B33 MORTGAGE TRUST                                                 | BENCHMARK 2022-B33 MORTGAGE TRUST 3.4582% 03/15/2055                                                 | CUSIP: 08163PBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2477000 | PA      | $2347393.20   | 0.32%             | 2055-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK39                                                                   | BANK 2022-BNK39 2.928% 02/15/2055                                                                    | CUSIP: 06539VAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1895000 | PA      | $1754960.83   | 0.24%             | 2055-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS 2022                                                                        | BBCMS 2022 3.662% 04/15/2055                                                                         | CUSIP: 05552FBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3015000 | PA      | $2848339.24   | 0.39%             | 2055-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                                    | SMRT 2022-MINI TSFR1M+270 01/15/2039 144A                                                            | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3860000 | PA      | $3855175.00   | 0.53%             | 2039-01-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WFCM 2022                                                                         | WFCM 2022 4% 04/15/2055                                                                              | CUSIP: 95003MBS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2074000 | PA      | $2013259.59   | 0.28%             | 2055-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B35 MTG TR                                                         | BENCHMARK 2022-B35 MTG TR 2.5% 05/15/2055 144A                                                       | CUSIP: 08163RAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3003000 | PA      | $1830758.53   | 0.25%             | 2055-05-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2017-BNK4 2.5% 06/15/2055 144A                                                                  | CUSIP: 06541MAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1664000 | PA      | $1241932.72   | 0.17%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2022-BNK42 A5 CSTR 06/15/2055                                                                   | CUSIP: 06541MBN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2326000 | PA      | $2320680.67   | 0.32%             | 2055-06-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK42                                                                   | BANK 2022-BNK42 E 2.5% 06/15/2055 144A                                                               | CUSIP: 06541MAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1302000 | PA      | $915249.62    | 0.13%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2022-GC48                                                   | CITIGROUP COML MTG TR 2022-GC48 2.5% 06/15/2055 144A                                                 | CUSIP: 29426VAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3129000 | PA      | $2250247.26   | 0.31%             | 2055-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C16                                                             | BBCMS MTG TR 2022-C16 4.512% 06/15/2055                                                              | CUSIP: 05552YAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4573000 | PA      | $4601777.89   | 0.63%             | 2055-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MHP COML MTG TR 2021-STOR                                                         | MHP 2021-STOR J TSFR1M+406.448 07/15/2038 144A                                                       | CUSIP: 55293BAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1847000 | PA      | $1839719.50   | 0.25%             | 2038-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2020-420K                                                   | CITIGROUP COML MTG TR 2020-420K D CSTR 11/10/2042 144A                                               | CUSIP: 17328QAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    636000 | PA      | $580987.84    | 0.08%             | 2042-11-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-PALM                                                                | SREIT TR 2021-PALM TSFR1M+373.058 61 10/15/2034 144A                                                 | CUSIP: 85237AAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3411000 | PA      | $3414517.42   | 0.47%             | 2034-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK43                                                                   | BANK 2022-BNK43 D 3% 08/15/2055 144A                                                                 | CUSIP: 06541QAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2614000 | PA      | $1955188.87   | 0.27%             | 2055-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                                         | BENCHMARK 2022-B36 MTG TR 2.5% 07/15/2055 144A                                                       | CUSIP: 08163QAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1872000 | PA      | $1366448.80   | 0.19%             | 2055-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 D 2.5% 09/15/2055 144A                                                         | CUSIP: 054976AR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $915011.28    | 0.13%             | 2055-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B36 MTG TR                                                         | BENCHMARK 2022-B36 AS MTG TR 4.9505% 07/15/2055                                                      | CUSIP: 08163QBM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1190000 | PA      | $1194892.09   | 0.16%             | 2055-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 VAR 09/15/2055                                                                 | CUSIP: 054976AK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1491000 | PA      | $1455203.62   | 0.20%             | 2055-09-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B37 MTG TR                                                         | BENCHMARK 2022-B37 MTG TR 5.9431% 11/15/2055                                                         | CUSIP: 08161QAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2090000 | PA      | $2050682.71   | 0.28%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST 2019                                                           | CPT MORTGAGE TRUST 2019 CSTR 11/13/2039 144A                                                         | CUSIP: 12654YAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2205000 | PA      | $1966081.19   | 0.27%             | 2039-11-13      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2022-B37 MTG TR                                                         | BENCHMARK 2022-B37 B MTG TR CSTR 11/15/2055                                                          | CUSIP: 08161QAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $990896.13    | 0.14%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2022-C18                                                     | BBCMS MORTGAGE TRUST 2022-C18 VAR 12/15/2055                                                         | CUSIP: 054975AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1890000 | PA      | $1981181.92   | 0.27%             | 2055-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2022-C18                                                     | BBCMS MORTGAGE TRUST 2022-C18 A5 5.71% 12/15/2055                                                    | CUSIP: 054975AE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3150000 | PA      | $3379105.17   | 0.46%             | 2055-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK44                                                                   | BANK 2022-BNK44 5.745654% 11/15/2055                                                                 | CUSIP: 06540KAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1225000 | PA      | $1296691.04   | 0.18%             | 2055-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C4 MTG TR                                                                | BMO 2023-C4 MTG TR CSTR 02/15/2056                                                                   | CUSIP: 05610CAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2468000 | PA      | $2519519.99   | 0.35%             | 2056-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C4 MTG TR                                                                | BMO 2023-C4 MTG TR VAR 02/15/2056                                                                    | CUSIP: 05610CAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1186000 | PA      | $1216751.56   | 0.17%             | 2056-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BX 2021-LBA                                                                       | BX 2021-LBA TSFR1M+311.448 02/15/2036 144A                                                           | CUSIP: 05609BAR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1033000 | PA      | $1032681.42   | 0.14%             | 2036-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK45                                                                   | BANK 2023-BNK45 B VAR 02/15/2056                                                                     | CUSIP: 06541BBX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1330000 | PA      | $1414755.31   | 0.19%             | 2056-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B38 MTG TR                                                         | BENCHMARK 2023-B38 B MTG TR 6.244668% 04/15/2056                                                     | CUSIP: 081916AH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1351000 | PA      | $1414981.60   | 0.19%             | 2056-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2023-C19                                                             | BBCMS MTG TR 2023-C19 A5 5.451% 04/15/2056                                                           | CUSIP: 05553RAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2015000 | PA      | $2114833.98   | 0.29%             | 2056-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT                                     | CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT D 6.43808% 06/10/2028 144A                             | CUSIP: 17291NAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2611000 | PA      | $2636116.78   | 0.36%             | 2040-10-12      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MSWF COML MTG TR 2023-1                                                           | MSWF COML MTG TR 2023-1 6.90553% 05/15/2056                                                          | CUSIP: 55376CBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1266000 | PA      | $1346083.36   | 0.18%             | 2056-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MSWF COML MTG TR 2023-1                                                           | MSWF COML MTG TR 2023-1 5.752% 05/15/2056                                                            | CUSIP: 55376CAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1899000 | PA      | $2039970.18   | 0.28%             | 2056-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MIRA TR 2023-MILE                                                                 | MIRA TR 2023-MILE 7.2026% 06/10/2038 144A                                                            | CUSIP: 55318EAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1012000 | PA      | $1033888.85   | 0.14%             | 2038-06-10      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2023-PRM3                                                   | CITIGROUP COML MTG TR 2023-PRM3 C 6.35973% 07/10/2028 144A                                           | CUSIP: 17331LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1204000 | PA      | $1240455.92   | 0.17%             | 2028-07-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2023-PRM3                                                   | CITIGROUP COML MTG TR 2023-PRM3 6.35973% 07/10/2028 144A                                             | CUSIP: 17331LAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1383000 | PA      | $1411140.59   | 0.19%             | 2028-07-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-C20                                                     | BBCMS MORTGAGE TRUST 2023-C20 A5 5.576% 07/15/2056                                                   | CUSIP: 07336DAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1690000 | PA      | $1798082.94   | 0.25%             | 2056-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B39 C MTG TR                                                       | BENCHMARK 2023-B39 C MTG TR 6.79412% 07/15/2056                                                      | CUSIP: 081925AH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1859000 | PA      | $1920243.27   | 0.26%             | 2056-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BMO 2023-C5 MTG TR                                                                | BMO 2023-C5 MTG TR 5.7653% 06/15/2056                                                                | CUSIP: 055988AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1463000 | PA      | $1552980.50   | 0.21%             | 2056-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B39 C MTG TR                                                       | BENCHMARK 2023-B39 A5 MTG TR 5.75359% 07/15/2056                                                     | CUSIP: 081925AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2714000 | PA      | $2922282.67   | 0.40%             | 2056-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OPERATING PARTNERSHIP LP                                         | INVITATION HOMES OPERATING PARTNERSHIP LP 5.5% 08/15/2033                                            | CUSIP: 46188BAF9<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2537435.29   | 0.35%             | 2033-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                                   | BANK 2023-BNK46 B 6.963% 08/15/2056                                                                  | CUSIP: 06541DBT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1675000 | PA      | $1792412.98   | 0.25%             | 2056-08-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK46                                                                   | BANK 2023-BNK46 A4 5.745% 08/15/2056                                                                 | CUSIP: 06541DBH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2458000 | PA      | $2646275.92   | 0.36%             | 2056-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                      | NNN REIT INC 5.6% 10/15/2033                                                                         | CUSIP: 637417AS5<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2619995.39   | 0.36%             | 2033-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2023-SHIP                                                     | GS MTG SECS CORP TR 2023-SHIP 7.68138% 09/10/2038 144A                                               | CUSIP: 36270GAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3235000 | PA      | $3243850.31   | 0.45%             | 2038-09-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-C21                                                     | BBCMS MORTGAGE TRUST 2023-C21 AS VAR 09/15/2056                                                      | CUSIP: 05553WAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1196000 | PA      | $1308176.67   | 0.18%             | 2056-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2023-C21                                                     | BBCMS MORTGAGE TRUST 2023-C21 VAR 09/15/2026                                                         | CUSIP: 05553WAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1789000 | PA      | $1832947.86   | 0.25%             | 2056-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2023-C22                                                             | BBCMS MTG TR 2023-C22 7.363626% 11/15/2056                                                           | CUSIP: 05554FAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1778000 | PA      | $1828361.67   | 0.25%             | 2056-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 23-2                                               | MSWF COMMERCIAL MORTGAGE TRUST 23-2 B 7.252% 12/15/2056                                              | CUSIP: 55361AAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1070000 | PA      | $1179132.19   | 0.16%             | 2056-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 23-2                                               | MSWF COMMERCIAL MORTGAGE TRUST 23-2 D 4% 12/15/2056                                                  | CUSIP: 55361AAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    351000 | PA      | $289680.48    | 0.04%             | 2056-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 23-2                                               | MSWF COMMERCIAL MORTGAGE TRUST 23-2 C VAR 12/15/2056                                                 | CUSIP: 55361AAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3564000 | PA      | $3897664.53   | 0.53%             | 2056-12-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DTP COML MTG TR 2023-STE2                                                         | DTP COML MTG TR 2023-STE2 D CSTR 01/15/2041 144A                                                     | CUSIP: 23346GAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4760000 | PA      | $4863425.76   | 0.67%             | 2041-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DTP COML MTG TR 2023-STE2                                                         | DTP COML MTG TR 2023-STE2 E CSTR 01/15/2041 144A                                                     | CUSIP: 23346GAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    769000 | PA      | $753505.19    | 0.10%             | 2041-01-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2023-SMRT                                                   | CITIGROUP COML MTG TR 2023-SMRT E VAR 10/12/2040 144A                                                | CUSIP: 17291NAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5870000 | PA      | $5880862.44   | 0.81%             | 2040-10-12      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL4                                                           | BX COML MTG TR 2024-XL4 D TSFR1M+353.903 02/15/2039 144A                                             | CUSIP: 05611VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    465924 | PA      | $465923.76    | 0.06%             | 2039-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL4                                                           | BX COML MTG TR 2024-XL4 TSFR1M+418.81 02/15/2039 144A                                                | CUSIP: 05611VAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1598366 | PA      | $1598007.26   | 0.22%             | 2039-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT LP                                                          | AMERICAN HOMES 4 RENT LP 5.5% 02/01/2034                                                             | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   3646000 | PA      | $3765639.81   | 0.52%             | 2034-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2024-C24                                                             | BBCMS MTG TR 2024-C24 B 5.718% 02/15/2057                                                            | CUSIP: 07336VAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    681000 | PA      | $706999.76    | 0.10%             | 2057-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                                                          | SAFEHOLD GL HOLDINGS LLC 6.1% 04/01/2034                                                             | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |   2792000 | PA      | $3014145.28   | 0.41%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DK TR 2024-SPBX                                                                   | DK TR 2024-SPBX TSFR1M+400 03/15/2034 144A                                                           | CUSIP: 23346LAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2463000 | PA      | $2468248.90   | 0.34%             | 2034-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL5                                                           | BX COML MTG TR 2024-XL5 E TSFR1M+368.835 03/15/2039 144A                                             | CUSIP: 05612GAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3726800 | PA      | $3729087.15   | 0.51%             | 2041-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                                | ESSEX PORTFOLIO LP 5.5% 04/01/2034                                                                   | CUSIP: 29717PBA4<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |   1401000 | PA      | $1461257.36   | 0.20%             | 2034-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KNDR TR 2021-KIND                                                                 | KNDR 2021-KIND F TSFR1M+241.448 08/15/2038 144A                                                      | CUSIP: 482606AN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2020408 | PA      | $1995153.06   | 0.27%             | 2038-08-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX 2024-CNYN                                                                      | BX 2024-CNYN E TSFR1M+368.86 04/05/2029 144A                                                         | CUSIP: 05612HAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3180522 | PA      | $3170568.97   | 0.44%             | 2041-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-WPT                                                           | BX COML MTG TR 2024-WPT TSFR1M+358.84 03/15/2034 144A                                                | CUSIP: 05612JAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1402250 | PA      | $1389334.44   | 0.19%             | 2034-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-BPR2                                                 | MORGAN STANLEY CAP I TR 2024-BPR2 A 7.291% 05/05/2029 144A                                           | CUSIP: 61776EAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   2249846 | PA      | $2384422.84   | 0.33%             | 2029-05-05      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-MDHS                                                          | BX COML MTG TR 2024-MDHS E TSFR1M+368.83 05/15/2041 144A                                             | CUSIP: 12433BAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2205000 | PA      | $2201109.49   | 0.30%             | 2041-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                  | VB-S1 ISSUER LLC 6.644% 05/15/2054 144A                                                              | CUSIP: 91823ABE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1800000 | PA      | $1835560.98   | 0.25%             | 2054-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                  | VB-S1 ISSUER LLC 8.871% 05/15/2054 144A                                                              | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5792000 | PA      | $5973411.81   | 0.82%             | 2054-05-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-KING                                                          | BX COML MTG TR 2024-KING E TSFR1M+368.795 05/15/2039 144A                                            | CUSIP: 05612RAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5739441 | PA      | $5753789.95   | 0.79%             | 2034-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2024-C26                                                             | BBCMS MTG TR 2024-C26 C 6% 05/15/2057                                                                | CUSIP: 05555AAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475000 | PA      | $490164.61    | 0.07%             | 2057-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                             | SWITCH ABS ISSUER LLC 6.5% 03/25/2054 144A                                                           | CUSIP: 871044AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1256564.13   | 0.17%             | 2054-03-25      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 E TSFR1M+288.94 07/15/2029 144A                                                         | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3298000 | PA      | $3262958.75   | 0.45%             | 2041-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX 2024 VLT4                                                                      | BX 2024 VLT4 F TSFR1M+393.788 07/15/2029 144A                                                        | CUSIP: 05612TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6600000 | PA      | $6591866.16   | 0.90%             | 2041-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BMP 2024-MF23                                                                     | BROOKFIELD 24-MF23 E TSFR1M+338.905 06/15/2041 144A                                                  | CUSIP: 05593JAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    555000 | PA      | $555693.75    | 0.08%             | 2041-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                             | SWITCH ABS ISSUER LLC 10.033% 06/25/2054 144A                                                        | CUSIP: 871044AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1975000 | PA      | $2047893.30   | 0.28%             | 2054-06-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-1CHI                                   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-1CHI VAR 07/15/2035 144A                                  | CUSIP: 95003PAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2867000 | PA      | $2911948.83   | 0.40%             | 2035-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BFLD 2024-WRHS                                                                    | BFLD 2024-WRHS E TSFR1M+393.8 08/15/2026 144A                                                        | CUSIP: 05555HAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2604862 | PA      | $2608117.51   | 0.36%             | 2039-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CONE TR 2024-DFW1                                                                 | CONE TR 2024-DFW1 E TSFR1M+388.79 08/15/2026 144A                                                    | CUSIP: 20682AAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4245000 | PA      | $4241973.74   | 0.58%             | 2041-08-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR D VAR 07/05/2041 144A                                                               | CUSIP: 29439DAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    327000 | PA      | $334620.24    | 0.05%             | 2041-07-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR VAR 07/05/2041 144A                                                                 | CUSIP: 29439DAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1535000 | PA      | $1571259.62   | 0.22%             | 2041-07-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| EQT TR 2024-EXTR                                                                  | EQT TR 2024-EXTR B CSTR 07/05/2041 144A                                                              | CUSIP: 29439DAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1817000 | PA      | $1858578.05   | 0.26%             | 2041-07-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2024-RVR                                                      | GS MTG SECS CORP TR 2024-RVR VAR 08/10/2029 144A                                                     | CUSIP: 36272JAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    939000 | PA      | $960030.88    | 0.13%             | 2041-08-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPERATING PARTNERSHIP LP                                         | AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.409% 09/12/2034                                          | CUSIP: 03063UAA9<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1610601.56   | 0.22%             | 2034-09-12      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP | RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP 6% 09/15/2049 144A | CUSIP: 76134KAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1345000 | PA      | $1335584.60   | 0.18%             | 2049-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2024-OMNI                                       | J P MORGAN CHASE COML MTG SECS TR 2024-OMNI VAR 10/05/2039 144A                                      | CUSIP: 46593JAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3234000 | PA      | $3194197.22   | 0.44%             | 2039-10-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR TR 2023-BRK2                                                                  | BPR TR 2023-BRK2 C VAR 10/05/2038 144A                                                               | CUSIP: 05610WAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1845000 | PA      | $1906280.75   | 0.26%             | 2038-10-05      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-NSTB                                                 | MORGAN STANLEY CAP I TR 2024-NSTB C VAR 09/20/2032 144A                                              | CUSIP: 61690BAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1928000 | PA      | $1862738.36   | 0.26%             | 2057-09-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-NSTB                                                 | MORGAN STANLEY CAP I TR 2024-NSTB VAR 09/20/2032 144A                                                | CUSIP: 61690BAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1786000 | PA      | $1731164.62   | 0.24%             | 2057-09-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LV TR 2024-SHOW                                                                   | LV TR 2024-SHOW C VAR 10/10/2029                                                                     | CUSIP: 50245XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1629000 | PA      | $1649505.20   | 0.23%             | 2041-10-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SHR TR 2024-LXRY                                                                  | SHR TR 2024-LXRY E TSFR1M+450 10/15/2041 144A                                                        | CUSIP: 784234AJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1216000 | PA      | $1225366.48   | 0.17%             | 2041-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| NXPT COML MTG TR                                                                  | NXPT COML MTG TR 6.92673% 11/05/2041 144A                                                            | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7586000 | PA      | $7733296.60   | 1.06%             | 2041-11-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ARES TR 2024-IND2                                                                 | ARES TR 2024-IND2 F TSFR1M+403.9 10/15/2034 144A                                                     | CUSIP: 04021EAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2155000 | PA      | $2156209.82   | 0.30%             | 2034-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-LP2                                             | BX COMMERCIAL MORTGAGE TRUST 2022-LP2 F TSFR1M+325.78 02/15/2039 144A                                | CUSIP: 05610HAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1924398.43   | 0.26%             | 2039-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ROCC 2024-CNTR E                                                                  | ROCC 2024-CNTR E 8.81906% 11/13/2041 144A                                                            | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4917000 | PA      | $5262943.40   | 0.72%             | 2041-11-13      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 B CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    535000 | PA      | $557825.51    | 0.08%             | 2046-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 C CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2016000 | PA      | $2101075.60   | 0.29%             | 2046-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BMO 2024-C10 MTG TR                                                               | BMO 2024-C10 C MTG TR VAR 11/15/2057                                                                 | CUSIP: 096920AK9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1039000 | PA      | $1055120.60   | 0.14%             | 2057-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 VAR 11/13/2046 144A                                                         | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2180000 | PA      | $2251437.95   | 0.31%             | 2046-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR TR 2024-PMDW                                                                  | BPR TR 2024-PMDW VAR 11/05/2029 144A                                                                 | CUSIP: 05592VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    766000 | PA      | $745885.22    | 0.10%             | 2041-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BLUE STREAM ISSUER LLC                                                            | BLUE STREAM ISSUER LLC 8.71% 11/20/2054 144A                                                         | CUSIP: 09606BAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1750000 | PA      | $1832229.18   | 0.25%             | 2054-11-20      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                        | BFLD COML MTG TR 2024-UNIV TSFR1M+363.953 11/15/2029 144A                                            | CUSIP: 08861RAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3499000 | PA      | $3507747.50   | 0.48%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BPR COML MTG TR 2024-PK                                                           | BPR COML MTG TR 2024-PARK D VAR 11/05/2039 144A                                                      | CUSIP: 05593UAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2536000 | PA      | $2660453.95   | 0.37%             | 2039-11-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG E TSFR1M+418.849 11/15/2034 144A                            | CUSIP: 81631WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1838900 | PA      | $1838899.63   | 0.25%             | 2034-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| SELF COMMERCIAL MORTGAGE TRUST 2024-STRG                                          | SELF COMMERCIAL MORTGAGE TRUST 2024-STRG F TSFR1M+518.702 11/15/2034 144A                            | CUSIP: 81631WAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1532300 | PA      | $1527250.92   | 0.21%             | 2034-11-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+294.018 11/15/2026 144A                                                     | CUSIP: 05593TAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    939475 | PA      | $940649.57    | 0.13%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2024-FNX                                                                 | BX TRUST 2024-FNX TSFR1M+393.874 11/15/2026 144A                                                     | CUSIP: 05593TAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4508619 | PA      | $4491121.69   | 0.62%             | 2041-11-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2024-C30                                                     | BBCMS MORTGAGE TRUST 2024-C30 C 6.048% 11/15/2057                                                    | CUSIP: 05493YAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2533000 | PA      | $2593126.58   | 0.36%             | 2057-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-GPA2                                            | BX COMMERCIAL MORTGAGE TRUST 2024-GPA2 VAR 11/15/2029 144A                                           | CUSIP: 12433DAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1875000 | PA      | $1874528.81   | 0.26%             | 2041-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                          | BX COML MTG TR 2024-VLT5 E CSTR 11/13/2046 144A                                                      | CUSIP: 05614JAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7158000 | PA      | $7755219.86   | 1.06%             | 2046-11-13      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-5C2                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-5C2 C CSTR 11/15/2057                                     | CUSIP: 95003UAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    757000 | PA      | $781012.19    | 0.11%             | 2057-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12                                                                  | BANK5 2024-5YR12 C CSTR 12/15/2057                                                                   | CUSIP: 06644XBY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1516000 | PA      | $1565587.60   | 0.21%             | 2057-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| FONTAINEBLEAU MIAMI BEACH BEACH MTG TR 2024-FBLU                                  | FONTAINEBLEAU MIAMI BEACH BEACH MTG TR 2024-FBLU TSFR1M+570 12/15/2029 144A                          | CUSIP: 34461WAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3198000 | PA      | $3224478.80   | 0.44%             | 2039-12-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-C32                                                             | BBCMS MTG TR 2025-C32 4.5% 02/15/2062 144A                                                           | CUSIP: 07337AAT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    790000 | PA      | $665417.95    | 0.09%             | 2062-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-C32                                                             | BBCMS MTG TR 2025-C32 VAR 02/15/2063                                                                 | CUSIP: 07337AAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2732000 | PA      | $2836182.63   | 0.39%             | 2062-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                            | MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A                                                    | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    955000 | PA      | $1022115.49   | 0.14%             | 2032-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| SWCH COML MTG TR 2025-DATA                                                        | SWCH COML MTG TR 2025-DATA F TSFR1M+418.9 03/15/2042 144A                                            | CUSIP: 78489CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7802000 | PA      | $7731647.81   | 1.06%             | 2042-02-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PRM5 TR 2025-PRM5                                                                 | PRM5 TR 2025-PRM5 D VAR 02/10/2028 144A                                                              | CUSIP: 693980AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1195000 | PA      | $1200939.51   | 0.16%             | 2033-03-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-ROIC                                                                | BX TRUST 2025-ROIC TSFR1M+294.129 03/15/2030 144A                                                    | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6004448 | PA      | $6004448.33   | 0.82%             | 2030-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-VLT6                                                                   | BX TR 2025-VLT6 F TSFR1M+393.966 03/15/2030 144A                                                     | CUSIP: 12433KAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3413000 | PA      | $3372988.72   | 0.46%             | 2042-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-VLT6                                                                   | BX TR 2025-VLT6 E TSFR1M+319.073 03/15/2030 144A                                                     | CUSIP: 12433KAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3278000 | PA      | $3259561.25   | 0.45%             | 2042-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-5C33                                                            | BBCMS MTG TR 2025-5C33 C 6.025% 03/15/2058                                                           | CUSIP: 072924AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1063000 | PA      | $1088721.30   | 0.15%             | 2058-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-5C33                                                            | BBCMS MTG TR 2025-5C33 D 6.8473% 03/15/2058 144A                                                     | CUSIP: 072924AN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1575000 | PA      | $1541688.59   | 0.21%             | 2058-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| KRE COML MTG TR 2025-AIP4                                                         | KRE COML MTG TR 2025-AIP4 E TSFR1M+300 03/15/2030 144A                                               | CUSIP: 50077KAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2361166 | PA      | $2357255.77   | 0.32%             | 2042-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| INTOWN 2025-STAY MTG TR                                                           | INTOWN 2025-STAY E MTG TR TSFR1M+385 03/15/2042 144A                                                 | CUSIP: 46117WAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1607000 | PA      | $1616441.13   | 0.22%             | 2042-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PRM5 TR 2025-PRM5                                                                 | PRM5 TR 2025-PRM5 E CSTR 03/10/2033 144A                                                             | CUSIP: 693980AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4435000 | PA      | $4462902.80   | 0.61%             | 2033-03-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-IG3 MTG TR                                                         | BENCHMARK 2020-IG3 825C MTG TR CSTR 09/15/2048 144A                                                  | CUSIP: 08162QBY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1784000 | PA      | $1705023.93   | 0.23%             | 2048-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2020-IG3 MTG TR                                                         | BENCHMARK 2020-IG3 MTG TR CSTR 09/15/2048 144A                                                       | CUSIP: 08162QCA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1955000 | PA      | $1851874.73   | 0.25%             | 2048-09-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-SPOT                                            | BX TRUST 2025-SPOT E TSFR1M+344.054 04/15/2040 144A                                                  | CUSIP: 12433FAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6260364 | PA      | $6291665.56   | 0.86%             | 2040-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORP TRUST 2025-800D                                       | GS MORTGAGE SECURITIES CORP TRUST 2025-800D B TSFR1M+315 11/17/2029 144A                             | CUSIP: 36273XAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1325000 | PA      | $1324422.57   | 0.18%             | 2041-11-25      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ARES TR 2025-IND3                                                                 | ARES TR 2025-IND3 E TSFR1M+355 04/15/2027 144A                                                       | CUSIP: 039955AL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1922594.71   | 0.26%             | 2042-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BWAY TRUST 2025-1535                                                              | BWAY TRUST 2025-1535 B VAR 05/05/2030 144A                                                           | CUSIP: 12430BAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1775000 | PA      | $1874281.61   | 0.26%             | 2042-05-05      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BMO 2025-5C10 MORTGAGE TRUST                                                      | BMO 2025-5C10 C MORTGAGE TRUST VAR 05/15/2058                                                        | CUSIP: 05615BAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    297000 | PA      | $307708.16    | 0.04%             | 2058-05-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS LLC / FIDIUM FIBER FIN HOLDCO LLC                     | CONSOLIDATED COMMUNICATIONS LLC / FIDIUM FIBER FIN HOLDCO LLC 9.408% 05/20/2055 144A                 | CUSIP: 209031AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3057000 | PA      | $3234398.02   | 0.44%             | 2055-05-20      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| PRIMA CAP CRE SECURITIZATION 2019-RK1 LTD/LLC                                     | PRIMA CAP CRE SECURITIZATION 2019-RK1 LTD/LLC BT 4.45% 04/15/2038 144A                               | CUSIP: 74166GAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   2475000 | PA      | $2369242.51   | 0.33%             | 2038-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-TAIL                                                                   | BX TR 2025-TAIL E TSFR1M+330 06/15/2035 144A                                                         | CUSIP: 123912AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1959000 | PA      | $1957789.14   | 0.27%             | 2035-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PRIMA CAPITAL CRE SECURITIZATION 2019-VII LTD                                     | PRIMA CAPITAL CRE SECURITIZATION 2019-VII LTD 7A D 4.25% 12/25/2050 144A                             | CUSIP: 74166VAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1681591.10   | 0.23%             | 2050-12-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP MTG TR                                                                 | IP 2025-IP F CSTR MTG TR VAR 06/10/2042 144A                                                         | CUSIP: 449843AL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1424000 | PA      | $1453783.53   | 0.20%             | 2042-06-10      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX 2025-LUNR A                                                                    | BX 2025-LUNR E TSFR1M+395 06/15/2030 144A                                                            | CUSIP: 05594CAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    606894 | PA      | $611445.78    | 0.08%             | 2040-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| NCMF TR 2025-MFS                                                                  | NCMF TR 2025-MFS F VAR 06/10/2033 144A                                                               | CUSIP: 62887TAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2115000 | PA      | $2156132.73   | 0.30%             | 2033-06-10      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WHARF 2025-DC E                                                                   | WHARF 2025-DC E 7.85642% 07/15/2040 144A                                                             | CUSIP: 92987LAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1742000 | PA      | $1791672.43   | 0.25%             | 2040-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PRM TR 2025-PRM6                                                                  | PRM TR 2025-PRM6 E VAR 07/05/2033 144A                                                               | CUSIP: 74277DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1412000 | PA      | $1422909.25   | 0.20%             | 2033-07-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PRM TR 2025-PRM6                                                                  | PRM TR 2025-PRM6 VAR 07/05/2033 144A                                                                 | CUSIP: 74277DAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3176000 | PA      | $3174482.82   | 0.44%             | 2033-07-05      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ                                            | VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ C VAR 07/13/2044 144A                                         | CUSIP: 91825CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2185000 | PA      | $2241206.94   | 0.31%             | 2044-07-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ                                            | VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ D VAR 07/13/2044 144A                                         | CUSIP: 91825CAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1520000 | PA      | $1561620.18   | 0.21%             | 2044-07-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| GSAT TRUST 2025-BMF                                                               | GSAT TRUST 2025-BMF VAR 07/15/2030 144A                                                              | CUSIP: 36271XAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3180000 | PA      | $3171653.14   | 0.44%             | 2040-07-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ                                            | VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ E VAR 07/13/2044 144A                                         | CUSIP: 91825CAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1080000 | PA      | $1123900.81   | 0.15%             | 2044-07-13      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-C35                                                             | BBCMS MTG TR 2025-C35 C 6.026% 07/15/2058                                                            | CUSIP: 07337DAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1630000 | PA      | $1693887.36   | 0.23%             | 2058-07-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER TR 2025-C35                                                | MORGAN STANLEY BK AMER TR 2025-C35 6.349% 08/15/2058                                                 | CUSIP: 61779CAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1014000 | PA      | $1071152.28   | 0.15%             | 2058-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COMM 2025-180W MORTGAGE TRUST                                                     | COMM 2025-180W MORTGAGE TRUST VAR 08/10/2042 144A                                                    | CUSIP: 12597SAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1035000 | PA      | $1029123.79   | 0.14%             | 2042-08-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                                                | METRONET INFRASTRUCTURE ISSUER LLC 7.83% 08/20/2055 144A                                             | CUSIP: 59170JBB3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $516419.20    | 0.07%             | 2055-08-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2025-B41 MTG TR                                                         | BENCHMARK 2025-B41 MTG TR 6.13645% 07/15/2068 144A                                                   | CUSIP: 081935BC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    825000 | PA      | $856535.13    | 0.12%             | 2068-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MHP 2025-MHIL2                                                                    | MHP 2025-MHIL2 TSFR1M+350 09/15/2030 144A                                                            | CUSIP: 59317DAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3195000 | PA      | $3203679.22   | 0.44%             | 2040-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                                                           | WINDSTREAM SERVICES LLC 7.5% 10/15/2033 144A                                                         | CUSIP: 97382BAB5<br>LEI: 549300L3SXBFJVGRCF66 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $2580271.36   | 0.35%             | 2033-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VTR COML MTG TR 2025-STEM                                                         | VTR COML MTG TR 2025-STEM 6.0868% 10/13/2041 144A                                                    | CUSIP: 92890YAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    710000 | PA      | $713169.58    | 0.10%             | 2039-10-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| VTR COML MTG TR 2025-STEM                                                         | VTR COML MTG TR 2025-STEM D 6.73899% 10/13/2041 144A                                                 | CUSIP: 92890YAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2045000 | PA      | $2050786.74   | 0.28%             | 2039-10-13      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                              | EXTENDED STAY AMERICA TRUST 2025-ESH E TSFR1M+335 10/15/2042 144A                                    | CUSIP: 30227TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2015037.00   | 0.28%             | 2042-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2025-ESH                                              | EXTENDED STAY AMERICA TRUST 2025-ESH F TSFR1M+410 10/15/2042 144A                                    | CUSIP: 30227TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2015036.20   | 0.28%             | 2042-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BMO 2025-C13 MORTGAGE TRUST                                                       | BMO 2025-C13 C MORTGAGE TRUST VAR 10/15/2058                                                         | CUSIP: 05592YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2113000 | PA      | $2115296.83   | 0.29%             | 2058-10-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX TR 2025-OMG                                                                    | BX TR 2025-OMG VAR 10/15/2027 144A                                                                   | CUSIP: 05619HAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2060000 | PA      | $2060824.00   | 0.28%             | 2042-10-15      | Variable      | 0.07%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-C65                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-C65 VAR 10/15/2058                                        | CUSIP: 95004WAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2255000 | PA      | $2282528.81   | 0.31%             | 2058-10-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BPR COML MTG TR 2025-STAR                                                         | BPR COML MTG TR 2025-STAR C 6.22553% 11/05/2042 144A                                                 | CUSIP: 05619DAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2430000 | PA      | $2453571.00   | 0.34%             | 2042-11-05      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CIP COMMERCIAL MORTGAGE TRUST 2025-SBAY                                           | CIP COMMERCIAL MORTGAGE TRUST 2025-SBAY E TSFR1M+400 10/15/2037 144A                                 | CUSIP: 12576AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4140000 | PA      | $4144968.00   | 0.57%             | 2037-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BRES COML MTG TR 2025-ATCAP                                                       | BRES COML MTG TR 2025-ATCAP TSFR1M+364.076 11/15/2042 144A                                           | CUSIP: 05619GAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2667000 | PA      | $2671296.54   | 0.37%             | 2042-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BRES COML MTG TR 2025-ATCAP                                                       | BRES COML MTG TR 2025-ATCAP F TSFR1M+518.85 11/15/2042 144A                                          | CUSIP: 05619GAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3017000 | PA      | $3021531.84   | 0.41%             | 2042-11-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| CSTL COML MTG TR 2025-GATE2                                                       | CSTL COML MTG TR 2025-GATE2 A CSTR 11/10/2042 144A                                                   | CUSIP: 12676JAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3030000 | PA      | $3071813.70   | 0.42%             | 2042-11-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2021-RISE                                                                | BX TRUST 2021-RISE F TSFR1M+276.448 11/15/2036 144A                                                  | CUSIP: 12434EAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1462419 | PA      | $1461962.34   | 0.20%             | 2036-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ELP 2025-ELP                                                                      | ELP 2025-ELP VAR 11/13/2042 144A                                                                     | CUSIP: 290154AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020000 | PA      | $1027876.54   | 0.14%             | 2042-11-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ELP 2025-ELP                                                                      | ELP 2025-ELP E VAR 11/13/2042 144A                                                                   | CUSIP: 290154AJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3715000 | PA      | $3825445.84   | 0.52%             | 2042-11-13      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX 2025-VOLT                                                                      | BX 2025-VOLT VAR 12/15/2042 144A                                                                     | CUSIP: 05619PAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1155000 | PA      | $1157160.54   | 0.16%             | 2044-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CNSL 2025-4A                                                                      | CNSL 2025-4A C 8.449846% 12/20/2055 144A                                                             | CUSIP: 315961AE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2614319.75   | 0.36%             | 2055-12-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                                                | METRONET INFRASTRUCTURE ISSUER LLC 7.676% 12/20/2055 144A                                            | CUSIP: 59170JBH0<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-CBDO         | CORP              | US        |   1140000 | PA      | $1163618.41   | 0.16%             | 2055-12-20      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2025-5C7                                                  | WELLS FARGO COML MTG TR 2025-5C7 C 5.87% 12/15/2058                                                  | CUSIP: 95004XAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    710000 | PA      | $714851.22    | 0.10%             | 2058-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COMM 2025-180W MORTGAGE TRUST                                                     | COMM 2025-180W MORTGAGE TRUST VAR 08/10/2042 144A                                                    | CUSIP: 12597SAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1412000 | PA      | $1465525.25   | 0.20%             | 2042-08-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2025-C39                                                             | BBCMS MTG TR 2025-C39 C 5.96464% 12/15/2058                                                          | CUSIP: 05556YAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    560000 | PA      | $573660.36    | 0.08%             | 2058-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| NYC COML MTG TR 2025-77C                                                          | NYC COML MTG TR 2025-77C E VAR 01/10/2038 144A                                                       | CUSIP: 67123LAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4025000 | PA      | $4083267.11   | 0.56%             | 2036-01-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| LMDV ISSUER CO LLC                                                                | LMDV ISSUER CO LLC 0% 12/15/2055 144A                                                                | CUSIP: 538908AE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1515000 | PA      | $1551401.21   | 0.21%             | 2055-12-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR19                                                                  | BANK5 2025-5YR19 D 4.5% 12/15/2030 144A                                                              | CUSIP: 05494RAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2480000 | PA      | $2145209.18   | 0.29%             | 2058-12-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2025-BNK51                                                                   | BANK 2025-BNK51 C 6.102% 12/25/2067                                                                  | CUSIP: 06541HAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1410000 | PA      | $1428690.96   | 0.20%             | 2067-12-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMER TR 2026-ESH2                                                   | EXTENDED STAY AMER TR 2026-ESH2 TSFR1M+315 02/15/2043 144A                                           | CUSIP: 30227WAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1936159.42   | 0.27%             | 2043-02-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMER TR 2026-ESH2                                                   | EXTENDED STAY AMER TR 2026-ESH2 7.67% 02/15/2043 144A                                                | CUSIP: 30227WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2950000 | PA      | $2970800.75   | 0.41%             | 2043-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ARES COMMERCIAL MORTGAGE TRUST                                                    | ARES COMMERCIAL MORTGAGE TRUST TSFR1M+235 02/15/2043 144A                                            | CUSIP: 04021QAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1630000 | PA      | $1637117.40   | 0.22%             | 2043-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-GPA2                                            | BX COMMERCIAL MORTGAGE TRUST 2024-GPA2 TSFR1M+259.086 11/15/2041 144A                                | CUSIP: 12433DAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    415000 | PA      | $415230.37    | 0.06%             | 2041-11-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BMO 2026-C14 MORTGAGE TRUST                                                       | BMO 2026-C14 C MORTGAGE TRUST 5.9593% 02/15/2059                                                     | CUSIP: 096942BB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020000 | PA      | $1041140.32   | 0.14%             | 2059-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                  | VB-S1 ISSUER LLC 5.268% 02/15/2052 144A                                                              | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1420000 | PA      | $1411269.13   | 0.19%             | 2052-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CSTL COMMERCIAL MORTGAGE TRUST 2026-GATE3                                         | CSTL COMMERCIAL MORTGAGE TRUST 2026-GATE3 VAR GATE3 E 02/10/2043 144A                                | CUSIP: 228920AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    760000 | PA      | $770169.94    | 0.11%             | 2043-02-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                                  | VB-S1 ISSUER LLC 1A-F 0% 03/15/2056 144A                                                             | CUSIP: 91825HAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1135000 | PA      | $1162355.77   | 0.16%             | 2056-03-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-XL6                                             | BX COMMERCIAL MORTGAGE TRUST 2026-XL6 E TSFR1M+325 03/15/2043 144A                                   | CUSIP: 12433NAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1065000 | PA      | $1068338.78   | 0.15%             | 2043-03-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PLYM COMMERCIAL MORTGAGE TRUST 2026-IND                                           | PLYM COMMERCIAL MORTGAGE TRUST 2026-IND D TSFR1M+215 03/15/2043 144A                                 | CUSIP: 69292BAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3440000 | PA      | $3438486.06   | 0.47%             | 2043-03-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MHP 2025-MHIL2                                                                    | MHP 2025-MHIL2 TSFR1M+425 09/15/2040 144A                                                            | CUSIP: 59317DAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2510000 | PA      | $2519769.17   | 0.35%             | 2040-09-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer