# EDGAR Filing Document

**Accession Number:** 0000722574
**File Stem:** 0000035402-26-000466
**Filing Date:** 2026-1
**Character Count:** 172169
**Document Hash:** e4211324465cd1d194df1872838c8723
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-000466.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0000035402-26-000466

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20251130

**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:** 26555409

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

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

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $713484888.60

**Total Liabilities:** $6266602.97

**Net Assets:** $707218285.63

**Cash Not Reported:** $13665.81

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1436.68362253 | **1-Year:** 17327.36870366 | **5-Year:** 60653.33616496 | **10-Year:** 40868.36697490 | **30-Year:** 254.14578030

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

- **3-Month:** 2461.14358380 | **1-Year:** 40484.13914302 | **5-Year:** 64253.53514760 | **10-Year:** 6622.32376890 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048884 | 0.55%                | 0.15%                | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $122764.00               | $214983.20                                 |
| Month 2  | $-1691156.22             | $-206674.83                                |
| Month 3  | $669556.78               | $1380396.36                                |

### 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        |    408832 | PA      | $394534.75    | 0.06%             | 2047-11-10      | Variable      | 0.04%                 | 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        |   1749197 | PA      | $1607342.98   | 0.23%             | 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      | $3376749.80   | 0.48%             | 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      | $3485707.20   | 0.49%             | 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      | 0.06%                 | 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        |   2299663 | PA      | $2186275.70   | 0.31%             | 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        |     18236 | PA      | $9106.90      | 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        |     15437 | PA      | $2877.53      | 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        |     58462 | PA      | $17029.89     | 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        |      6157 | PA      | $389.77       | 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        |  26073052 | NS      | $26078266.92  | 3.69%             |  |  |  | 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      | $1486837.25   | 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      | $850952.67    | 0.12%             | 2044-08-10      | Variable      | 0.05%                 | No            |                  3 | 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      | $472875.00    | 0.07%             | 2048-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COML MTG SECS TR 2012-CIBX                                        | JPMCC 2012-CBX E CSTR 6/45                                                                           | CUSIP: 46637WAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2346041 | PA      | $2298982.22   | 0.33%             | 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      | $3196987.63   | 0.45%             | 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      | $2087795.21   | 0.30%             | 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 VAR 04/15/2046 144A                                                         | CUSIP: 46639YAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5894000 | PA      | $2947.00      | 0.00%             | 2046-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                                       | JP MORGAN CH CMS 13-LC11 D CSTR 04/15/2046                                                           | CUSIP: 46639YAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3677000 | PA      | $220620.00    | 0.03%             | 2046-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2014-DSTY                                       | JPMCC 2014-DSTY D CSTR 06/27                                                                         | CUSIP: 46642MAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3213000 | PA      | $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      | $10537.68     | 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      | $883556.51    | 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        |   1832146 | PA      | $1814373.99   | 0.26%             | 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        |    640728 | PA      | $630733.26    | 0.09%             | 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      | $3351901.05   | 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      | $220610.25    | 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      | $1603359.89   | 0.23%             | 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      | $619240.96    | 0.09%             | 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      | $1792470.50   | 0.25%             | 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        |    899567 | PA      | $917374.02    | 0.13%             | 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: BUHFNQJBNOAUZ24NY591 | Long             | ABS-CBDO         | CORP              | KY        |   7810908 | PA      | $0.78         | 0.00%             | 2036-12-05      | Variable      | 0.09%                 | 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        |    350408 | PA      | $351380.49    | 0.05%             | 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      | $879657.93    | 0.12%             | 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      | $462537.87    | 0.07%             | 2044-03-15      | Variable      | 0.06%                 | No            |                  3 | On Loan: No      |
| WFRBS COML MTG TR 2011-C4                                                         | WFRBS 2011-C4 D VAR 06/44                                                                            | CUSIP: 92936CAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    998995 | PA      | $966557.32    | 0.14%             | 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      | $1200528.42   | 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      | $403003.13    | 0.06%             | 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      | $3517131.93   | 0.50%             | 2045-03-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C13                                                        | WFRBS COML MTG TR 2013-C13 D CSTR 05/15/2045 144A                                                    | CUSIP: 92937UAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1147518 | PA      | $1052870.26   | 0.15%             | 2045-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WFRBS COML MTG TR 2013-C16                                                        | WFRBS COML MTG TR 2013-C16 CSTR 09/15/2046                                                           | CUSIP: 92938EBR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175806 | PA      | $169657.95    | 0.02%             | 2046-09-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2015-NXS4                                                 | WELLS FARGO COML MTG TR 2015-NXS4 VAR 12/15/2048                                                     | CUSIP: 94989XBL8<br>LEI: 549300RD723OFH36TP29 | Long             | ABS-MBS          | CORP              | US        |    684978 | PA      | $669565.81    | 0.09%             | 2048-12-15      | 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      | $1436907.08   | 0.20%             | 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        |    418901 | PA      | $403192.15    | 0.06%             | 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      | $1296588.62   | 0.18%             | 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      | $3042914.74   | 0.43%             | 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      | $2336653.89   | 0.33%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| J P MORGAN CHASE COML MTG SECS TR 2013-LC11                                       | JP MORGAN CH CMS 13-LC11 E CSTR 04/15/2046 144A                                                      | CUSIP: 46639YAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104000 | PA      | $3120.00      | 0.00%             | 2046-04-15      | Variable      | 0.03%                 | 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      | $443495.74    | 0.06%             | 2047-05-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS 2016-ETC MTG TR                                                             | BBCMS 2016-ETC D CSTR 08/14/36 144A                                                                  | CUSIP: 05491LAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1749000 | PA      | $1656155.21   | 0.23%             | 2036-08-14      | 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      | $1217095.26   | 0.17%             | 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        |   1674096 | PA      | $414909.22    | 0.06%             | 2049-11-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                            | HILT 2016-HHV F CSTR 11/38 144A                                                                      | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6517000 | PA      | $6371323.54   | 0.90%             | 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      | $1755052.10   | 0.25%             | 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      | $1968705.00   | 0.28%             | 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        |   3736554 | PA      | $193454.09    | 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      | $1433154.01   | 0.20%             | 2050-03-10      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNK4                                                                    | BANK 2017-BNK4 D 3.357% 05/15/2050 144A                                                              | CUSIP: 06541FAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2308000 | PA      | $1295137.66   | 0.18%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  3 | 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      | $307048.38    | 0.04%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK AMER MERRILL LYNCH TR 2017-C33                                  | MORGAN STANLEY BK AMER MERRILL LYNCH TR 2017-C33 3.356% 05/15/2050 144A                              | CUSIP: 61767CAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2932000 | PA      | $2581313.74   | 0.36%             | 2050-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WP GLIMCHER MALL TR 15-WPG                                                        | JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A                                                                 | CUSIP: 92939VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638000 | PA      | $986927.76    | 0.14%             | 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      | $973665.50    | 0.14%             | 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      | $1783287.55   | 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      | $2577099.02   | 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      | $2731052.75   | 0.39%             | 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      | $1031086.80   | 0.15%             | 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      | $1143792.66   | 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      | $944731.32    | 0.13%             | 2049-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WORLDWIDE PLAZA TR 2017-WWP                                                       | WORLDWIDE PLAZA TR 2017-WWP F CSTR 11/10/2036 144A                                                   | CUSIP: 98162JAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1695000 | PA      | $8763.15      | 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      | $4649686.77   | 0.66%             | 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      | $702255.96    | 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      | $970724.53    | 0.14%             | 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      | $2687562.14   | 0.38%             | 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      | $1327731.30   | 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      | $927710.58    | 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      | $223466.06    | 0.03%             | 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      | $27726.60     | 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      | $656264.64    | 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      | $696852.37    | 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      | $1399420.49   | 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      | $440558.10    | 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      | $680663.40    | 0.10%             | 2037-04-10      | Variable      | 0.04%                 | No            |                  2 | 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      | $2193090.67   | 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      | $2695158.51   | 0.38%             | 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      | $2692506.87   | 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      | $1606896.57   | 0.23%             | 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      | $896749.02    | 0.13%             | 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      | $192887.85    | 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      | $1080500.44   | 0.15%             | 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      | $1958770.37   | 0.28%             | 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      | $2669189.28   | 0.38%             | 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      | $3303291.67   | 0.47%             | 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      | $1699384.65   | 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      | $818072.29    | 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      | $2157115.79   | 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      | $680715.11    | 0.10%             | 2052-11-13      | Fixed         | 0.03%                 | No            |                  3 | 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      | $2003638.77   | 0.28%             | 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      | $13556721.16  | 1.92%             | 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      | $550961.04    | 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      | $5495020.84   | 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      | $1425577.66   | 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      | $1344195.83   | 0.19%             | 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      | $1451450.45   | 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      | $831383.13    | 0.12%             | 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      | $2993834.25   | 0.42%             | 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      | $2126307.84   | 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      | $9002395.56   | 1.27%             | 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      | $8800290.27   | 1.24%             | 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      | $584775.07    | 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      | $826690.77    | 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      | $2820111.57   | 0.40%             | 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      | $714748.68    | 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      | $454985.64    | 0.06%             | 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      | $852294.94    | 0.12%             | 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      | $752567.01    | 0.11%             | 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        |    860000 | PA      | $736483.27    | 0.10%             | 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      | $868473.60    | 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      | $1682239.65   | 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      | $672012.15    | 0.10%             | 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      | $635609.96    | 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      | $2038304.44   | 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      | $2910089.46   | 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      | $1136588.38   | 0.16%             | 2053-12-17      | Fixed         | 0.02%                 | No            |                  3 | 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      | $580565.99    | 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      | $2024520.52   | 0.29%             | 2053-12-15      | Variable      | 0.03%                 | No            |                  3 | On Loan: No      |
| BX 2021-MFM1                                                                      | BX 2021-MFM1 G TSFR1M+401.448 01/15/2034 144A                                                        | CUSIP: 05608VAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291900 | PA      | $291443.90    | 0.04%             | 2034-01-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BX 2021-MFM1                                                                      | BX 2021-MFM1 TSFR1M+311.448 01/15/2034 144A                                                          | CUSIP: 05608VAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4239200 | PA      | $4235689.94   | 0.60%             | 2034-01-15      | Variable      | 0.07%                 | No            |                  2 | 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      | $449792.81    | 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      | $457436.98    | 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      | $5008960.53   | 0.71%             | 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      | $91873.26     | 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      | $8971153.40   | 1.27%             | 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      | $495602.83    | 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      | $2573163.20   | 0.36%             | 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      | $485982.99    | 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      | $1475754.46   | 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      | $781812.52    | 0.11%             | 2064-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE MORTGAGE TRUST 2021                                                 | CREDIT SUISSE MORTGAGE TRUST 2021-BRIT A TSFR1M+357.368 92 05/09/2026 144A                           | CUSIP: 12658RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3038314 | PA      | $3024911.43   | 0.43%             | 2026-05-09      | Variable      | 0.08%                 | 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      | $1345453.25   | 0.19%             | 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      | $596499.81    | 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      | $73753.61     | 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        |    854275 | PA      | $742384.89    | 0.10%             | 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      | $4217870.27   | 0.60%             | 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      | $4384882.11   | 0.62%             | 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      | $526699.75    | 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      | $584701.72    | 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      | $5441036.70   | 0.77%             | 2070-12-26      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX 2021-VOLT                                                                      | BX 2021-VOLT G TSFR1M+296.448 09/15/2023 144A                                                        | CUSIP: 05609VAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7591737 | PA      | $7589558.36   | 1.07%             | 2036-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BX 2021-VOLT                                                                      | BX 2021-VOLT F TSFR1M+251.448 09/15/2036 144A                                                        | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3126408 | PA      | $3124471.24   | 0.44%             | 2036-09-15      | Variable      | 0.06%                 | 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      | $1834201.14   | 0.26%             | 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      | $854828.97    | 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      | $4447920.19   | 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      | $3184040.11   | 0.45%             | 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      | $5199719.65   | 0.74%             | 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        |   2296797 | PA      | $2279663.14   | 0.32%             | 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      | $663918.33    | 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      | $1127293.52   | 0.16%             | 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      | $4141257.14   | 0.59%             | 2036-11-15      | Variable      | 0.08%                 | 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      | $5026074.91   | 0.71%             | 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      | $1801118.21   | 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        |   3819419 | PA      | $3812307.55   | 0.54%             | 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        |   1193200 | PA      | $1107032.43   | 0.16%             | 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      | $569676.61    | 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      | $4077328.03   | 0.58%             | 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      | $1881482.59   | 0.27%             | 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        |   2622852 | PA      | $2557281.07   | 0.36%             | 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        |   3200000 | PA      | $3179669.44   | 0.45%             | 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      | $4306926.20   | 0.61%             | 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      | $3019055.91   | 0.43%             | 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      | $1314567.40   | 0.19%             | 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      | $1499572.87   | 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      | $2941781.08   | 0.42%             | 2055-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| JPMCC 2021-MHC                                                                    | JPMCC 2021-MHC F TSFR1M+306.448 04/15/2038 144A                                                      | CUSIP: 466330AQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1716000 | PA      | $1715998.46   | 0.24%             | 2038-04-15      | Variable      | 0.07%                 | 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      | $2320771.40   | 0.33%             | 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      | $1736088.52   | 0.25%             | 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      | $2828088.09   | 0.40%             | 2055-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WFCM 2022                                                                         | WFCM 2022 2.5% 04/15/2055 144A                                                                       | CUSIP: 95003MBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2352000 | PA      | $1441860.44   | 0.20%             | 2055-04-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| WFCM 2022                                                                         | WFCM 2022 4% 04/15/2055                                                                              | CUSIP: 95003MBS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2074000 | PA      | $1996820.24   | 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      | $1798821.02   | 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      | $1222605.20   | 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      | $2311484.36   | 0.33%             | 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      | $899280.46    | 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      | $2212744.32   | 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      | $4574959.53   | 0.65%             | 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      | $1833782.87   | 0.26%             | 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      | $570634.59    | 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      | $3408005.14   | 0.48%             | 2034-10-15      | Variable      | 0.08%                 | 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      | $1918582.16   | 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      | $1344726.68   | 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      | $901759.80    | 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      | $1183186.42   | 0.17%             | 2055-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BBCMS MTG TR 2022-C17                                                             | BBCMS MTG TR 2022-C17 4.889% 09/15/2055                                                              | CUSIP: 054976AK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1491000 | PA      | $1446094.51   | 0.20%             | 2055-09-15      | Fixed         | 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      | $2036925.29   | 0.29%             | 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      | $1838727.01   | 0.26%             | 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      | $984567.09    | 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      | $1972063.61   | 0.28%             | 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      | $3360203.91   | 0.48%             | 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      | $1279693.31   | 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      | $2507292.53   | 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      | $1209493.12   | 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      | $1030441.67   | 0.15%             | 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      | $1385832.60   | 0.20%             | 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      | $1409027.21   | 0.20%             | 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      | $2110149.31   | 0.30%             | 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      | $2617173.71   | 0.37%             | 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      | $1336605.20   | 0.19%             | 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      | $2029670.57   | 0.29%             | 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      | $1033634.54   | 0.15%             | 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      | $1237708.63   | 0.18%             | 2028-07-10      | Variable      | 0.07%                 | 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      | $1401765.65   | 0.20%             | 2028-07-10      | Variable      | 0.07%                 | 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      | $1787210.83   | 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      | $1912869.54   | 0.27%             | 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      | $1545541.14   | 0.22%             | 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      | $2895144.30   | 0.41%             | 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      | $2556578.99   | 0.36%             | 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      | $1786434.07   | 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      | $2615615.56   | 0.37%             | 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      | $2614888.37   | 0.37%             | 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      | $3245667.09   | 0.46%             | 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      | $1295674.76   | 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      | $1825542.83   | 0.26%             | 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      | $1820984.04   | 0.26%             | 2056-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| OPEN TR 2023-AIR                                                                  | OPEN TR 2023-AIR TSFR1M+668.387 10/15/2028 144A                                                      | CUSIP: 68373BAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2001240.80   | 0.28%             | 2040-11-15      | Variable      | 0.11%                 | 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      | $1154260.25   | 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      | $281817.02    | 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      | $3798756.05   | 0.54%             | 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      | $4798717.36   | 0.68%             | 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      | $744064.41    | 0.11%             | 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        |   2970000 | PA      | $2933018.15   | 0.41%             | 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        |    541045 | PA      | $542056.53    | 0.08%             | 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        |   1856070 | PA      | $1858478.81   | 0.26%             | 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      | $3778795.96   | 0.53%             | 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      | $686486.41    | 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      | $2969850.12   | 0.42%             | 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      | $2466947.20   | 0.35%             | 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        |   3736365 | PA      | $3728390.79   | 0.53%             | 2041-03-15      | Variable      | 0.08%                 | 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      | $1461707.85   | 0.21%             | 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      | $1992931.42   | 0.28%             | 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        |   3217322 | PA      | $3201475.79   | 0.45%             | 2041-04-15      | Variable      | 0.08%                 | 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      | $1390965.11   | 0.20%             | 2034-03-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAP I TR 2024-BPR2                                                 | MORGAN STANLEY CAP I TR 2024-BPR2 7.291% 05/05/2029 144A                                             | CUSIP: 61776EAA1<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |   2256775 | PA      | $2384148.52   | 0.34%             | 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        |   2308028 | PA      | $2306501.02   | 0.33%             | 2041-05-15      | Variable      | 0.08%                 | 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      | $1830772.26   | 0.26%             | 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        |   5192000 | PA      | $5382153.37   | 0.76%             | 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        |   5418664 | PA      | $5435569.46   | 0.77%             | 2034-05-15      | Variable      | 0.08%                 | 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      | $480844.26    | 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      | $1260482.50   | 0.18%             | 2054-03-25      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| LBA TR 2024-BOLT                                                                  | LBA TR 2024-BOLT TSFR1M+368.6 06/15/2026 144A                                                        | CUSIP: 50177BAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002495.80   | 0.14%             | 2039-06-15      | Variable      | 0.08%                 | 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      | $3279477.77   | 0.46%             | 2041-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| LBA TR 2024-BOLT                                                                  | LBA TR 2024-BOLT TSFR1M+448.48 06/15/2026 144A                                                       | CUSIP: 50177BAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1449674.04   | 0.20%             | 2039-06-15      | Variable      | 0.08%                 | 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      | $6607840.80   | 0.93%             | 2041-06-15      | Variable      | 0.08%                 | 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      | $2022751.16   | 0.29%             | 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      | $2903891.98   | 0.41%             | 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        |   1714945 | PA      | $1711820.24   | 0.24%             | 2039-07-15      | Variable      | 0.08%                 | 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      | $4237057.18   | 0.60%             | 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      | $334822.89    | 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      | $1572243.86   | 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      | $1858443.77   | 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      | $956363.71    | 0.14%             | 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      | $1603519.56   | 0.23%             | 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      | $1362506.65   | 0.19%             | 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      | $3188564.56   | 0.45%             | 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      | $1921013.45   | 0.27%             | 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      | $1849124.94   | 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      | $1719856.38   | 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      | $1651355.91   | 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      | $1224929.45   | 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      | $7684337.32   | 1.09%             | 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      | $2157513.16   | 0.31%             | 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      | $1922598.36   | 0.27%             | 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      | $5190361.60   | 0.73%             | 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      | $545706.10    | 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      | $2063076.42   | 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      | $1050353.88   | 0.15%             | 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      | $2212848.24   | 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      | $740538.31    | 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      | $1836141.65   | 0.26%             | 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        |   3174000 | PA      | $3175106.46   | 0.45%             | 2041-11-15      | Variable      | 0.08%                 | 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      | $2648168.55   | 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        |   2627000 | PA      | $2630277.71   | 0.37%             | 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        |   2189000 | PA      | $2184049.80   | 0.31%             | 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        |   1003096 | PA      | $1003720.95   | 0.14%             | 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        |   4813939 | PA      | $4790890.05   | 0.68%             | 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      | $2546985.20   | 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      | $1874498.63   | 0.27%             | 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      | $7590366.11   | 1.07%             | 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      | $779569.05    | 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      | $1564190.15   | 0.22%             | 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      | $3225358.89   | 0.46%             | 2039-12-15      | Variable      | 0.10%                 | 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      | $624183.90    | 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      | $2772748.05   | 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      | $1009228.72   | 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      | $7675561.57   | 1.09%             | 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      | $1194144.38   | 0.17%             | 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        |   6128099 | PA      | $6089837.46   | 0.86%             | 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      | $3323025.47   | 0.47%             | 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      | $3253444.17   | 0.46%             | 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      | $1078076.21   | 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      | $1525655.25   | 0.22%             | 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        |   2527000 | PA      | $2514531.28   | 0.36%             | 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      | $1609005.05   | 0.23%             | 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      | $4452139.06   | 0.63%             | 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      | $1684199.12   | 0.24%             | 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      | $1827691.77   | 0.26%             | 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        |   6011037 | PA      | $6041077.92   | 0.85%             | 2040-04-15      | Variable      | 0.08%                 | 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      | $1325566.17   | 0.19%             | 2041-11-25      | Variable      | 0.07%                 | 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      | $305564.44    | 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      | $3200558.55   | 0.45%             | 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        |   2265000 | PA      | $2150168.35   | 0.30%             | 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      | $1957656.91   | 0.28%             | 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      | $1665577.90   | 0.24%             | 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      | $1449032.21   | 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        |    640905 | PA      | $643626.59    | 0.09%             | 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      | $2157448.47   | 0.31%             | 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      | $1790577.24   | 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      | $1413434.45   | 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      | $3169946.23   | 0.45%             | 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      | $2229732.63   | 0.32%             | 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      | $1553817.72   | 0.22%             | 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      | $3178724.18   | 0.45%             | 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      | $1093334.22   | 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      | $1660319.96   | 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      | $1056983.16   | 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      | $1009216.08   | 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      | $507646.45    | 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      | $846247.71    | 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      | $3185723.32   | 0.45%             | 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      | $2523848.88   | 0.36%             | 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      | $715339.48    | 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      | $2060149.36   | 0.29%             | 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      | $2029739.60   | 0.29%             | 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      | $2017460.00   | 0.29%             | 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      | $2105105.62   | 0.30%             | 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   | 0.29%             | 2042-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-C65                                    | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-C65 6.014% 10/15/2058                                     | CUSIP: 95004WAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2070000 | PA      | $2080999.77   | 0.29%             | 2058-10-15      | Fixed         | 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        |   1500000 | PA      | $1512000.00   | 0.21%             | 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   | 0.59%             | 2037-10-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                                  | WULF COMPUTE LLC 7.75% 10/15/2030 144A                                                               | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1571559.10   | 0.22%             | 2030-10-15      | Fixed         | 0.08%                 | 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        |   1640000 | PA      | $1634474.02   | 0.23%             | 2042-11-15      | Variable      | 0.08%                 | 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      | $3006911.15   | 0.43%             | 2042-11-15      | Variable      | 0.09%                 | 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      | $1461507.52   | 0.21%             | 2036-11-15      | Variable      | 0.07%                 | 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      | $1025713.84   | 0.15%             | 2042-11-13      | Variable      | 0.05%                 | 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        |   1200000 | PA      | $1206535.44   | 0.17%             | 2042-11-13      | 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      | $2525161.00   | 0.36%             | 2055-12-20      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

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

**Signature:** Stacie M. Smith

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

**Title:** President and Treasurer