# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001193125-26-190249
**Filing Date:** 2026-4
**Character Count:** 47387
**Document Hash:** f7b323368977ce437c39eabba7674313
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190249.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190249

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS SERIES TRUST
- **CENTRAL INDEX KEY:** 0001027596

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07959
- **FILM NUMBER:** 26912464

**BUSINESS ADDRESS:**
- **STREET 1:** U.S BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 626-914-7235

**MAIL ADDRESS:**
- **STREET 1:** 615 E MICHIGAN STREET
- **STREET 2:** MK-WI-LC2
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### PIA MBS Bond Fund (Series ID: S000005067)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000013852 | Managed Account Completion Shares | PMTGX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **PIA MBS Bond Fund** | **PIA MBS Bond Fund** | **PIA MBS Bond Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **MORTGAGE-BACKED SECURITIES - 85.5%** | **Par**  | **Value**  |
| **Commercial Mortgage-Backed Securities - 0.3%** | **Commercial Mortgage-Backed Securities - 0.3%** | **Commercial Mortgage-Backed Securities - 0.3%** |
|  BX Trust, Series 2021-RISE, Class B, 5.02% (1 mo. Term SOFR + 1.36%), 11/15/2036 <sup>(a)</sup> | $371945 | $372039 |
| **U.S. Government Securities - 85.2% <sup>(b)</sup>** | **U.S. Government Securities - 85.2% <sup>(b)</sup>** | **U.S. Government Securities - 85.2% <sup>(b)</sup>** |
| FHLMC | FHLMC | FHLMC |
| &nbsp;&nbsp; Pool G04832, 5.00%, 10/01/2038 | 42146 | 43470 |
| &nbsp;&nbsp; Pool G08741, 3.00%, 01/01/2047 | 244677 | 226343 |
| &nbsp;&nbsp; Pool QD0505, 2.50%, 11/01/2051 | 1350787 | 1172401 |
| &nbsp;&nbsp; Pool QD2700, 2.50%, 12/01/2051 | 1200248 | 1047672 |
| &nbsp;&nbsp; Pool QD3120, 3.00%, 12/01/2051 | 1352326 | 1226999 |
| &nbsp;&nbsp; Pool QD7063, 2.50%, 02/01/2052 | 669798 | 585068 |
| &nbsp;&nbsp; Pool QD7338, 2.00%, 02/01/2052 | 1175862 | 978534 |
| &nbsp;&nbsp; Pool QF6264, 2.50%, 01/01/2053 | 274756 | 238804 |
| &nbsp;&nbsp; Pool QY3029, 5.50%, 05/01/2055 | 1879772 | 1911801 |
| &nbsp;&nbsp; Pool RA5559, 2.50%, 07/01/2051 | 1708268 | 1482695 |
| &nbsp;&nbsp; Pool RA6012, 3.00%, 10/01/2051 | 1347464 | 1220522 |
| &nbsp;&nbsp; Pool RA6528, 2.50%, 02/01/2052 | 1681829 | 1468550 |
| &nbsp;&nbsp; Pool SD1285, 3.50%, 06/01/2052 | 1352291 | 1276123 |
| &nbsp;&nbsp; Pool SD1287, 3.50%, 06/01/2052 | 1337907 | 1262555 |
| &nbsp;&nbsp; Pool SD3275, 5.50%, 07/01/2053 | 1477491 | 1506767 |
| &nbsp;&nbsp; Pool SD6764, 5.00%, 11/01/2054 | 1899844 | 1920619 |
| &nbsp;&nbsp; Pool SD7191, 5.00%, 12/01/2054 | 1888015 | 1898781 |
| &nbsp;&nbsp; Pool SD8172, 2.00%, 10/01/2051 | 1676068 | 1396623 |
| &nbsp;&nbsp; Pool SD8193, 2.00%, 02/01/2052 | 1575057 | 1310725 |
| &nbsp;&nbsp; Pool SD8194, 2.50%, 02/01/2052 | 1141776 | 996630 |
| &nbsp;&nbsp; Pool SD8199, 2.00%, 03/01/2052 | 1195429 | 995725 |
| &nbsp;&nbsp; Pool SD8204, 2.00%, 04/01/2052 | 1614193 | 1342786 |
| &nbsp;&nbsp; Pool SD8214, 3.50%, 05/01/2052 | 1535025 | 1449597 |
| &nbsp;&nbsp; Pool SD8275, 4.50%, 12/01/2052 | 1194823 | 1186248 |
| &nbsp;&nbsp; Pool SD8284, 3.00%, 01/01/2053 | 2246451 | 2035710 |
| &nbsp;&nbsp; Pool SD8312, 2.50%, 01/01/2053 | 987328 | 860083 |
| &nbsp;&nbsp; Pool SD8336, 3.50%, 04/01/2053 | 1661664 | 1568063 |
| &nbsp;&nbsp; Pool SD8341, 5.00%, 07/01/2053 | 1690619 | 1706414 |
| &nbsp;&nbsp; Pool SD8383, 5.50%, 12/01/2053 | 1570330 | 1599365 |
| &nbsp;&nbsp; Pool SD8406, 4.00%, 01/01/2054 | 1859611 | 1810552 |
| &nbsp;&nbsp; Pool SD8428, 4.00%, 05/01/2054 | 1367181 | 1330547 |
| FNMA | FNMA | FNMA |
| &nbsp;&nbsp; Pool AU3363, 3.00%, 08/01/2043 | 333456 | 313822 |
| &nbsp;&nbsp; Pool AZ0504, 3.00%, 06/01/2045 | 440492 | 412253 |
| &nbsp;&nbsp; Pool BM4135, 4.50%, 05/01/2048 | 314996 | 317526 |
| &nbsp;&nbsp; Pool BU7884, 2.50%, 01/01/2052 | 1367091 | 1192889 |
| &nbsp;&nbsp; Pool BV2451, 3.00%, 06/01/2052 | 1777128 | 1610526 |
| &nbsp;&nbsp; Pool BV5577, 2.50%, 05/01/2052 | 1738055 | 1511736 |
| &nbsp;&nbsp; Pool BW1298, 5.50%, 11/01/2052 | 1414943 | 1444562 |
| &nbsp;&nbsp; Pool BW9886, 4.50%, 10/01/2052 | 1595943 | 1584483 |
| &nbsp;&nbsp; Pool CB0381, 2.00%, 05/01/2051 | 1772260 | 1470774 |
| &nbsp;&nbsp; Pool FM7827, 3.00%, 12/01/2050 | 922275 | 844816 |
| &nbsp;&nbsp; Pool FM8407, 3.00%, 08/01/2051 | 1033334 | 941609 |
| &nbsp;&nbsp; Pool FM9646, 2.00%, 11/01/2051 | 1104712 | 916766 |
| &nbsp;&nbsp; Pool FS5387, 2.50%, 05/01/2052 | 1786647 | 1550689 |
| &nbsp;&nbsp; Pool MA2670, 3.00%, 07/01/2046 | 291254 | 270810 |
| &nbsp;&nbsp; Pool MA3415, 4.00%, 07/01/2048 | 108955 | 106811 |
| &nbsp;&nbsp; Pool MA4547, 2.00%, 02/01/2052 | 1596076 | 1328218 |
| &nbsp;&nbsp; Pool MA4548, 2.50%, 02/01/2052 | 1514595 | 1322055 |
| &nbsp;&nbsp; Pool MA4563, 2.50%, 03/01/2052 | 1467040 | 1280088 |
| &nbsp;&nbsp; Pool MA4577, 2.00%, 04/01/2052 | 1398713 | 1163539 |
| &nbsp;&nbsp; Pool MA4578, 2.50%, 04/01/2052 | 1566965 | 1367274 |
| &nbsp;&nbsp; Pool MA4579, 3.00%, 04/01/2052 | 1533179 | 1391856 |
| &nbsp;&nbsp; Pool MA4654, 3.50%, 07/01/2052 | 1317580 | 1244322 |
| &nbsp;&nbsp; Pool MA4732, 4.00%, 09/01/2052 | 1210957 | 1179054 |
| &nbsp;&nbsp; Pool MA4783, 4.00%, 10/01/2052 | 1197487 | 1165406 |
| &nbsp;&nbsp; Pool MA4867, 4.50%, 01/01/2053 | 1687911 | 1677299 |
| &nbsp;&nbsp; Pool MA4940, 5.00%, 03/01/2053 | 1587225 | 1603275 |
| &nbsp;&nbsp; Pool MA5037, 4.50%, 06/01/2053 | 1667048 | 1655450 |
| &nbsp;&nbsp; Pool MA5441, 4.00%, 08/01/2054 | 1906516 | 1855431 |
| &nbsp;&nbsp; Pool MA5645, 5.00%, 03/01/2055 | 1871462 | 1882181 |
| &nbsp;&nbsp; Pool MA5997, 5.00%, 03/01/2056 | 2000000 | 2010834 |
| GNMA | GNMA | GNMA |
| &nbsp;&nbsp; Pool 726311, 5.00%, 09/15/2039 | 96531 | 99000 |
| &nbsp;&nbsp; Pool AW1730, 3.00%, 05/15/2047 | 727700 | 673631 |
| &nbsp;&nbsp; Pool AZ5554, 3.00%, 08/15/2047 | 307248 | 284420 |
| &nbsp;&nbsp; Pool MA6089, 3.00%, 08/20/2049 | 120680 | 111420 |
| &nbsp;&nbsp; Pool MA6153, 3.00%, 09/20/2049 | 316721 | 291929 |
| &nbsp;&nbsp; Pool MA6338, 3.00%, 12/20/2049 | 334075 | 307607 |
| &nbsp;&nbsp; Pool MA7826, 2.00%, 01/20/2052 | 1459680 | 1237903 |
| &nbsp;&nbsp; Pool MA7827, 2.50%, 01/20/2052 | 1427270 | 1261191 |
| &nbsp;&nbsp; Pool MA7880, 2.00%, 02/20/2052 | 1595119 | 1352761 |
| &nbsp;&nbsp; Pool MA7936, 2.50%, 03/20/2052 | 1074540 | 949503 |
| &nbsp;&nbsp; Pool MA7987, 2.50%, 04/20/2052 | 1551838 | 1371260 |
| &nbsp;&nbsp; Pool MA8044, 3.50%, 05/20/2052 | 1306235 | 1243459 |
| &nbsp;&nbsp; Pool MA8099, 3.50%, 06/20/2052 | 1481107 | 1411765 |
| &nbsp;&nbsp; Pool MA8147, 2.50%, 07/20/2052 | 1506075 | 1331987 |
| &nbsp;&nbsp; Pool MA8266, 3.50%, 09/20/2052 | 1261529 | 1201685 |
| &nbsp;&nbsp; Pool MA8267, 4.00%, 09/20/2052 | 1567924 | 1524140 |
| &nbsp;&nbsp; Pool MA9538, 4.00%, 03/20/2054 | 1892438 | 1828184 |
| &nbsp;&nbsp; Pool MA9723, 4.50%, 06/20/2054 | 1428143 | 1413168 |
|  |  | 93568139 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $96,412,975) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $96,412,975) | 93940178 |
| **ASSET-BACKED SECURITIES - 2.6%** | **Par**  | **Value**  |
|  CF Hippolyta Issuer LLC, Series 2020-1, Class A1, 1.69%, 07/15/2060 <sup>(a)</sup> | 1326938 | 1135958 |
|  Invitation Homes Trust, Series 2024-SFR1, Class B, 4.00%, 09/17/2041 <sup>(a)</sup> | 1500000 | 1472873 |
|  SAFCO Auto Receivables Trust, Series 2024-1A, Class B, 6.31%, 11/20/2028 <sup>(a)</sup> | 233056 | 233389 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $2,988,690) | **TOTAL ASSET-BACKED SECURITIES** (Cost $2,988,690) | 2842220 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **U.S. TREASURY BILLS - 10.8%** | **Par**  | **Value**  |
| 3.79%, 03/24/2026 <sup>(c)</sup> | 2000000 | 1995590 |
| 3.55%, 04/09/2026 <sup>(c)</sup> | 3000000 | 2988545 |
| 3.62%, 05/28/2026 <sup>(c)</sup> | 2500000 | 2478363 |
| 3.55%, 06/18/2026 <sup>(c)</sup> | 4500000 | 4451872 |
| **TOTAL U.S. TREASURY BILLS** (Cost $11,914,380) | **TOTAL U.S. TREASURY BILLS** (Cost $11,914,380) | 11914370 |
| **MONEY MARKET FUNDS - 0.8%** | **Shares**  | **Value**  |
| Fidelity Government Portfolio - Institutional Class, 3.55% <sup>(d)</sup> | 836720 | 836720 |
| **TOTAL MONEY MARKET FUNDS** (Cost $836,720) | **TOTAL MONEY MARKET FUNDS** (Cost $836,720) | 836720 |
| **TOTAL INVESTMENTS - 99.7% (**Cost $112,152,765**)** | **TOTAL INVESTMENTS - 99.7% (**Cost $112,152,765**)** | 109533488 |
| Other Assets in Excess of Liabilities - 0.3% | Other Assets in Excess of Liabilities - 0.3% | 293271 |
| **TOTAL NET ASSETS - 100.0%** |  | $109826759 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

FHLMC - Federal Home Loan Mortgage Corporation <br> FNMA - Federal National Mortgage Association <br> GNMA - Government National Mortgage Association

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of February 28, 2026, the value of these securities total $3,214,259 or 2.9% of the Fund's net assets.

(b) To the extent that the Fund invests more heavily in a particular state, its performance will be especially sensitive to developments that significantly affect that state.

(c) The rate shown is the annualized yield as of February 28, 2026.

(d) The rate shown represents the 7-day annualized yield as of February 28, 2026.

------

#### Summary of Fair Value Disclosure as of February 28, 2026 (Unaudited)
PIA MBS Bond Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | $– | $93940178 | $– | $93940178 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 2842220 | – | 2842220 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 11914370 | – | 11914370 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 836720 | – | – | 836720 |
| Total Investments | $836720 | $108696768 | $– | $109533488 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advisors Series Trust

- **b. Investment Company Act file number:** 811-07959

- **c. CIK number of Registrant:** 0001027596

- **d. LEI of Registrant:** 2549003Z0J6URS6I4Y63

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 626-914-7363

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

- **a. Name of Series:** PIA MBS Bond Fund

- **b. EDGAR series identifier (if any):** S000005067

- **c. LEI of Series:** 254900NSKLBZPRDCFO77

**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:** $110203793.88

**Total Liabilities:** $472327.36

**Net Assets:** $109731466.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 240.421327000000 | **1-Year:** 201.442426000000 | **5-Year:** 310.580125000000 | **10-Year:** 10901.061479000000 | **30-Year:** 42767.238031000000

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

- **3-Month:** 3.734234000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013852 | 0.05%                | 0.60%                | 1.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $65109.84                | $-313682.15                                |
| Month 2  | $0.00                    | $170334.40                                 |
| Month 3  | $0.00                    | $1475070.56                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BX Trust                       | BX Trust 2021-RISE                  | CUSIP: 12434EAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    371945 | PA      | $372038.79    | 0.34%             | 2036-11-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC        | CF Hippolyta Issuer LLC             | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1326938 | PA      | $1135957.90   | 1.04%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DNNA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1352291 | PA      | $1276123.28   | 1.16%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418B6G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    291254 | PA      | $270809.68    | 0.25%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418CYM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    108955 | PA      | $106811.12    | 0.10%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140QKM70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1772260 | PA      | $1470773.70   | 1.34%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1210957 | PA      | $1179054.36   | 1.07%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418FBK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1906516 | PA      | $1855430.80   | 1.69%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWDH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1614193 | PA      | $1342785.79   | 1.22%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWJ46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1570330 | PA      | $1599364.92   | 1.46%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179XFF8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1261529 | PA      | $1201684.52   | 1.10%             | 2052-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179YS39<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1892438 | PA      | $1828184.08   | 1.67%             | 2054-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWGV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    987328 | PA      | $860082.81    | 0.78%             | 2053-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418EMR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1687911 | PA      | $1677298.78   | 1.53%             | 2053-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Gold Pool               | CUSIP: 3128M6VZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     42146 | PA      | $43469.88     | 0.04%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Gold Pool               | CUSIP: 3128MJZF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    244677 | PA      | $226342.90    | 0.21%             | 2047-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWHM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1661664 | PA      | $1568062.62   | 1.43%             | 2053-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWHS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1690619 | PA      | $1706414.10   | 1.56%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133B4Z40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    669798 | PA      | $585067.55    | 0.53%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133KMVD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1347464 | PA      | $1220522.11   | 1.11%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418EJ50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1197487 | PA      | $1165405.66   | 1.06%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179XFG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1567924 | PA      | $1524139.91   | 1.39%             | 2052-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797TA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1995589.62   | 1.82%             | 2026-03-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133KME84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1708268 | PA      | $1482695.34   | 1.35%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140XDWG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1104712 | PA      | $916766.41    | 0.84%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418ECR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1533179 | PA      | $1391856.02   | 1.27%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179W2U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1551838 | PA      | $1371260.25   | 1.25%             | 2052-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179W5D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1306235 | PA      | $1243458.71   | 1.13%             | 2052-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179W7L6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1481107 | PA      | $1411764.77   | 1.29%             | 2052-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DU7C5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1888015 | PA      | $1898780.54   | 1.73%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1195429 | PA      | $995725.01    | 0.91%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWLH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1367181 | PA      | $1330546.96   | 1.21%             | 2054-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418EP20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1587225 | PA      | $1603274.93   | 1.46%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418FHX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1871462 | PA      | $1882181.10   | 1.72%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2478363.28   | 2.26%             | 2026-05-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140J8SZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    314996 | PA      | $317526.30    | 0.29%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179UZS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    316721 | PA      | $291928.89    | 0.27%             | 2049-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179WY93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1074540 | PA      | $949502.50    | 0.87%             | 2052-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179XBQ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1506075 | PA      | $1331986.61   | 1.21%             | 2052-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4451872.50   | 4.06%             | 2026-06-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DNNC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1337907 | PA      | $1262555.11   | 1.15%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DQT89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1477491 | PA      | $1506767.23   | 1.37%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3138X2WZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    333456 | PA      | $313822.49    | 0.29%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418EBR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1596076 | PA      | $1328218.37   | 1.21%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418EBS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1514595 | PA      | $1322055.10   | 1.20%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418ECP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1398713 | PA      | $1163538.49   | 1.06%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418EE48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1317580 | PA      | $1244321.91   | 1.13%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418ES35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1667048 | PA      | $1655450.27   | 1.51%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWFQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1194823 | PA      | $1186248.06   | 1.08%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWFZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2246451 | PA      | $2035709.72   | 1.86%             | 2053-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133AWR22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1350787 | PA      | $1172400.74   | 1.07%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133B5EK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1175862 | PA      | $978534.39    | 0.89%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio       | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   1188378 | NS      | $1188377.63   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179UXS6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    120680 | PA      | $111419.88    | 0.10%             | 2049-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179VBF6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    334075 | PA      | $307606.82    | 0.28%             | 2049-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179WVU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1427270 | PA      | $1261191.13   | 1.15%             | 2052-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133KNHD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1681829 | PA      | $1468550.21   | 1.34%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                   | CUSIP: 36195P4P5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    727700 | PA      | $673630.57    | 0.61%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                   | CUSIP: 3620AC3U6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     96531 | PA      | $99000.22     | 0.09%             | 2039-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Trust         | Invitation Homes 2024-SFR1 Trust    | CUSIP: 46188DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1472873.10   | 1.34%             | 2041-09-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAFCO Auto Receivables Trust   | SAFCO Auto Receivables Trust 2024-1 | CUSIP: 78637EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233056 | PA      | $233389.64    | 0.21%             | 2028-11-20      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DUQR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1899844 | PA      | $1920618.73   | 1.75%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWC68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1575057 | PA      | $1310725.47   | 1.19%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWC76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1141776 | PA      | $996630.01    | 0.91%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWDT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1535025 | PA      | $1449597.06   | 1.32%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 31426MLK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1879772 | PA      | $1911800.87   | 1.74%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3138YRR26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    440492 | PA      | $412253.46    | 0.38%             | 2045-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140XBVV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    922275 | PA      | $844815.86    | 0.77%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWKT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1859611 | PA      | $1810552.21   | 1.65%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133AY7M6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1200248 | PA      | $1047671.83   | 0.95%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133BT5Z9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    274756 | PA      | $238804.37    | 0.22%             | 2053-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140M9XN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1367091 | PA      | $1192889.27   | 1.09%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140MSNQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1414943 | PA      | $1444562.48   | 1.32%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140N26Y2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1595943 | PA      | $1584482.51   | 1.44%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140XL6Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1786647 | PA      | $1550689.49   | 1.41%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418EB90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1467040 | PA      | $1280087.56   | 1.17%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140MKFT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1738055 | PA      | $1511736.04   | 1.38%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140XCKV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1033334 | PA      | $941609.30    | 0.86%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418ECQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1566965 | PA      | $1367274.45   | 1.25%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179WVT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1459680 | PA      | $1237903.32   | 1.13%             | 2052-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179WXH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1595119 | PA      | $1352761.17   | 1.23%             | 2052-02-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                  | CUSIP: 36179YYU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1428143 | PA      | $1413167.98   | 1.29%             | 2054-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                   | CUSIP: 36197JE35<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    307248 | PA      | $284419.57    | 0.26%             | 2047-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797SL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2988544.59   | 2.72%             | 2026-04-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3132DWCH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1676068 | PA      | $1396622.74   | 1.27%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                    | CUSIP: 3133B0PD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1352326 | PA      | $1226999.45   | 1.12%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 3140MFWM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1777128 | PA      | $1610526.45   | 1.47%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                     | CUSIP: 31418FUX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2010833.90   | 1.83%             | 2056-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-19

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Richard Conner

**Name of Signer:** Advisors Series Trust

**Title:** Assistant Treasurer