| US TREASURY N/B | 8.10 | 5,870,000 |
| US TREASURY N/B | 6.71 | 4,695,000 |
| US TREASURY N/B | 5.46 | 3,861,000 |
| US TREASURY N/B | 4.42 | 3,294,000 |
| US TREASURY N/B | 2.31 | 1,700,000 |
| US TREASURY N/B | 1.93 | 1,500,000 |
| Cash & Cash Equivalents | 1.48 | N/A |
| FED HM LNPC POOL SD8213 | 1.42 | 1,162,520 |
| FED HM LNPC POOL SD8234 | 1.00 | 856,740 |
| FED HM LNPC POOL SD1406 | 0.96 | 855,579 |
| BANK | 0.76 | 500,000 |
| BAIN CAPITAL CREDIT CLO LIMIT | 0.70 | 500,000 |
| ELMWOOD CLO 15 LTD | 0.70 | 500,000 |
| MF1 MULTIFAMILY HOUSING MORTGA | 0.70 | 500,000 |
| PALMER SQUARE LOAN FUNDING LTD | 0.70 | 500,000 |
| BARCLAYS PLC | 0.64 | 400,000 |
| DICK S SPORTING GOODS | 0.63 | 495,000 |
| MACQUARIEBANK LONDON | 0.63 | 445,000 |
| ROGERS COMMUNICATIONS IN | 0.62 | 473,000 |
| CBRE SERVICES INC | 0.61 | 414,000 |
| JAPAN TOBACCO INC | 0.59 | 400,000 |
| UBS GROUPAG | 0.59 | 400,000 |
| UNITED MEXICAN STATES | 0.59 | 400,000 |
| AUTONATIONINC | 0.58 | 409,000 |
| ENI SPA | 0.57 | 400,000 |
| SMBC AVIATION CAPITAL FI | 0.57 | 400,000 |
| GLOBAL PAYMENTS INC | 0.56 | 447,000 |
| DEUTSCHE BANK NY | 0.55 | 392,000 |
| CHARLES SCHWAB CORP | 0.54 | 385,000 |
| FNMA POOLMA5552 | 0.53 | 385,583 |
| FMG RESOURCES AUG 2006 | 0.53 | 402,000 |
| UBS GROUPAG | 0.50 | 400,000 |
| FNMA POOLMA5674 | 0.49 | 339,570 |
| BROWN + BROWN INC | 0.49 | 339,000 |
| CHARTER COMM OPT LLC/CAP | 0.48 | 325,000 |
| FIRST INDUSTRIAL LP | 0.48 | 337,000 |
| JH NORTH AMERICA HOLDING | 0.48 | 336,000 |
| HUB INTERNATIONAL LTD | 0.48 | 327,000 |
| POST HOLDINGS INC | 0.48 | 336,000 |
| PANTHER ESCROW ISSUER | 0.48 | 327,000 |
| MORGAN STANLEY | 0.48 | 334,000 |
| TRANSDIGMINC | 0.46 | 330,000 |
| FED HM LNPC POOL SD8262 | 0.46 | 395,225 |
| ARBOR REALTY COLLATERALIZED LO | 0.46 | 327,000 |
| JBS USA HOLD/FOOD/LUX CO | 0.45 | 314,000 |
| FNMA POOLMA4562 | 0.44 | 397,769 |
| XPLR INFRAST OPERATING | 0.44 | 305,000 |
| NOVELIS CORP | 0.44 | 347,000 |
| PERFORMANCE FOOD GROUP I | 0.44 | 308,000 |
| NORTHERN STAR RESOU | 0.43 | 295,000 |
| WELLS FARGO + COMPANY | 0.43 | 335,000 |
| GNMA II POOL MA7986 | 0.43 | 376,644 |
| FAIRFAX FINL HLDGS LTD | 0.43 | 292,000 |
| BOSTON PROPERTIES LP | 0.43 | 302,000 |
| CENT CLO LP | 0.42 | 300,000 |
| TCW LTD | 0.42 | 300,000 |
| SANTOS FINANCE LTD | 0.40 | 258,000 |
| NCL CORPORATION LTD | 0.40 | 275,000 |
| ARROW ELECTRONICS INC | 0.40 | 278,000 |
| ALLIANT HOLD / CO ISSUER | 0.40 | 285,000 |
| EQT CORP | 0.40 | 278,000 |
| FERGUSON ENTERPRISES INC | 0.40 | 283,000 |
| GOLDMAN SACHS GROUP INC | 0.39 | 312,000 |
| IAMGOLD CORP | 0.39 | 282,000 |
| COREBRIDGEFINANCIAL INC | 0.39 | 263,000 |
| EMRLD BOR/ EMRLD CO ISS | 0.39 | 270,000 |
| CAPITAL ONE FINANCIAL CO | 0.39 | 248,000 |
| SAMMONS FINANCIAL GROUP | 0.39 | 261,000 |
| TARGA RESOURCES PARTNERS | 0.39 | 294,000 |
| VENTURE GLOBAL CALCASIEU | 0.38 | 260,000 |
| PATRICK INDUSTRIES INC | 0.38 | 281,000 |
| BANK | 0.37 | 250,000 |
| ANGLO AMERICAN CAPITAL | 0.36 | 250,000 |
| FED HM LNPC POOL SD8453 | 0.36 | 252,299 |
| FED HM LNPC POOL SD8212 | 0.35 | 294,437 |
| GENERAL MOTORS | 0.35 | 250,000 |
| GNMA II POOL MB0308 | 0.35 | 248,675 |
| MADISON PARK FUNDING LTD | 0.35 | 250,000 |
| MAGNETITECLO LTD | 0.35 | 250,000 |
| MF1 MULTIFAMILY HOUSING MORTGA | 0.35 | 250,000 |
| ARBOR REALTY COLLATERALIZED LO | 0.35 | 250,000 |
| BAIN CAPITAL CREDIT CLO LIMIT | 0.35 | 250,000 |
| BARDOT CLOLTD | 0.35 | 250,000 |
| BARDOT CLOLTD | 0.35 | 250,000 |
| BDS LTD | 0.35 | 250,000 |
| BMP TRUST | 0.35 | 250,000 |
| CIFC FUNDING LTD | 0.35 | 250,000 |
| DRYDEN SENIOR LOAN FUND | 0.35 | 250,000 |
| PALMER SQUARE LOAN FUNDING LTD | 0.35 | 247,832 |
| PARALLEL LTD | 0.35 | 250,000 |
| SHELTER GROWTH CRE | 0.35 | 250,000 |
| SIGNAL PEAK CLO LLC | 0.35 | 250,000 |
| PROVIDENTFUNDING MORTGAGE TRU | 0.34 | 239,653 |
| REGAL REXNORD CORP | 0.34 | 230,000 |
| REGAL REXNORD CORP | 0.34 | 228,000 |
| BANK OF AMERICA CORP | 0.34 | 238,000 |
| ANYWHERE RE GRP/REALOGY | 0.33 | 270,000 |
| ALIMENTATION COUCHE TARD | 0.32 | 227,000 |
| COLT FUNDING LLC | 0.32 | 226,692 |
| BANK OF AMERICA CORP | 0.31 | 219,000 |
| BAT CAPITAL CORP | 0.30 | 212,000 |
| AMERICAN TOWER CORP | 0.30 | 206,000 |
| ANGEL OAKMORTGAGE TRUST | 0.30 | 211,822 |
| BOSTON GASCOMPANY | 0.30 | 227,000 |
| BROADCOM INC | 0.30 | 251,000 |
| BROADCOM INC | 0.30 | 209,000 |
| MF1 MULTIFAMILY HOUSING MORTGA | 0.30 | 215,568 |
| MARRIOTT INTERNATIONAL | 0.30 | 233,000 |
| LPL HOLDINGS INC | 0.30 | 219,000 |
| HYUNDAI CAPITAL AMERICA | 0.30 | 203,000 |
| ELECTRICITE DE FRANCE SA | 0.30 | 200,000 |
| FED HM LNPC POOL SD8469 | 0.29 | 208,607 |
| HYUNDAI CAPITAL AMERICA | 0.29 | 200,000 |
| LKQ CORP | 0.29 | 196,000 |
| MORGAN STANLEY | 0.29 | 200,000 |
| BROWN + BROWN INC | 0.29 | 198,000 |
| BOSTON PROPERTIES LP | 0.29 | 191,000 |
| DCP MIDSTREAM OPERATING | 0.29 | 234,000 |
| COMM MORTGAGE TRUST | 0.29 | 200,000 |
| DWIGHT 2025 FL1 ISSUER LLC | 0.29 | 206,500 |
| ARTHUR J GALLAGHER + CO | 0.29 | 200,000 |
| ASHTEAD CAPITAL INC | 0.29 | 200,000 |
| ASHTEAD CAPITAL INC | 0.29 | 200,000 |
| BAT CAPITAL CORP | 0.29 | 191,000 |
| REPUBLIC OF GUATEMALA | 0.29 | 200,000 |
| PLAINS ALLAMER PIPELINE | 0.29 | 200,000 |
| OFFICE CHERIFIEN DES PHO | 0.29 | 200,000 |
| NOMURA HOLDINGS INC | 0.29 | 200,000 |
| STORE CAPITAL LLC | 0.29 | 209,000 |
| PROVIDENTFUNDING MORTGAGE TRU | 0.28 | 195,964 |
| YINSON BERGENIA PRODUCTI | 0.28 | 200,000 |
| OCCIDENTALPETROLEUM COR | 0.28 | 206,000 |
| PACIFIC GAS + ELECTRIC | 0.28 | 185,000 |
| PHILIP MORRIS INTL INC | 0.28 | 194,000 |
| REPUBLIC OF SERBIA | 0.28 | 200,000 |
| REPUBLIC OF SOUTH AFRICA | 0.28 | 200,000 |
| ARBOR REALTY COLLATERALIZED LO | 0.28 | 200,631 |
| CAPITAL ONE FINANCIAL CO | 0.28 | 184,000 |
| MORGAN STANLEY | 0.28 | 191,000 |
| IVORY COAST | 0.28 | 200,000 |
| JPMORGAN CHASE + CO | 0.28 | 189,000 |
| JPMORGAN CHASE + CO | 0.28 | 195,000 |
| JPMORGAN CHASE + CO | 0.28 | 200,000 |
| FORD MOTORCREDIT CO LLC | 0.28 | 200,000 |
| GNMA II POOL MA7987 | 0.28 | 231,466 |
| BOEING CO/THE | 0.27 | 177,000 |
| REPUBLIC OF TURKIYE | 0.27 | 200,000 |
| STORE CAPITAL LLC | 0.27 | 198,000 |
| T MOBILE USA INC | 0.27 | 214,000 |
| STANDARD INDUSTRI INC/NY | 0.26 | 206,000 |
| VIRGIN MEDIA FINANCE PLC | 0.26 | 200,000 |
| ONSLOW BAYFINANCIAL LLC | 0.26 | 179,888 |
| DOMINICANREPUBLIC | 0.26 | 200,000 |
| COLT FUNDING LLC | 0.26 | 182,764 |
| BANK OF AMERICA CORP | 0.26 | 199,000 |
| GOLDMAN SACHS GROUP INC | 0.26 | 205,000 |
| FED HM LNPC POOL SD8199 | 0.26 | 228,576 |
| MF1 MULTIFAMILY HOUSING MORTGA | 0.26 | 182,045 |
| LAS VEGASSANDS CORP | 0.25 | 173,000 |
| VODAFONE GROUP PLC | 0.25 | 186,000 |
| WELLS FARGO + COMPANY | 0.25 | 177,000 |
| WORLD OMNISELECT AUTO TRUST | 0.25 | 180,729 |
| VENTURE GLOBAL LNG INC | 0.25 | 175,000 |
| VERUS SECURITIZATION TRUST | 0.24 | 169,703 |
| MF1 MULTIFAMILY HOUSING MORTGA | 0.24 | 172,121 |
| FNMA POOLMA4578 | 0.23 | 193,793 |
| BXMT LTD | 0.23 | 165,780 |
| MORGAN STANLEY RESIDENTIAL MOR | 0.23 | 163,684 |
| BP CAPITALMARKETS PLC | 0.22 | 151,000 |
| METLIFE INC | 0.22 | 154,000 |
| MACQUARIEAIRFINANCE HLD | 0.21 | 145,000 |
| MF1 MULTIFAMILY HOUSING MORTGA | 0.21 | 150,000 |
| LOANCORE ISSUER LTD. | 0.21 | 147,000 |
| FED HM LNPC POOL SL1275 | 0.21 | 142,518 |
| BSPRT ISSUER LTD. | 0.21 | 150,000 |
| REPUBLIC OF PANAMA | 0.21 | 150,000 |
| PHILIP MORRIS INTL INC | 0.20 | 138,000 |
| CAPITAL ONE FINANCIAL CO | 0.20 | 135,000 |
| FED HM LNPC POOL SD6147 | 0.20 | 135,236 |
| BDS LTD | 0.19 | 134,096 |
| BACARDI LTD | 0.19 | 147,000 |
| FED HM LNPC POOL SL0226 | 0.18 | 121,825 |
| JBS USA SARL/FOOD/GRP | 0.17 | 117,000 |
| AREIT CRETRUST | 0.17 | 120,332 |
| PRM TRUST2025 PRM6 | 0.17 | 123,326 |
| PALMER SQUARE LOAN FUNDING LTD | 0.17 | 120,000 |
| OCCIDENTALPETROLEUM COR | 0.16 | 109,000 |
| ARTHUR J GALLAGHER + CO | 0.16 | 117,000 |
| ILPT COMMERCIAL MORTGAGE TRUST | 0.16 | 109,000 |
| LPL HOLDINGS INC | 0.15 | 113,000 |
| GREYSTONECOMMERCIAL REAL ESTA | 0.14 | 100,000 |
| HYUNDAI AUTO LEASE SECURITIZAT | 0.14 | 100,000 |
| MF1 MULTIFAMILY HOUSING MORTGA | 0.14 | 100,000 |
| GOVERNMENTNATIONAL MORTGAGE A | 0.14 | 100,000 |
| ARDN 2025ARCP MORTGAGE TRUST | 0.14 | 100,000 |
| AFFIRM MASTER TRUST | 0.14 | 100,000 |
| ACREC LLC | 0.14 | 97,500 |
| BOEING CO | 0.14 | 106,000 |
| NEW RESIDENTIAL MORTGAGE LOAN | 0.14 | 95,560 |
| PFP III | 0.14 | 100,000 |
| SAMARCO MINERACAO SA | 0.14 | 102,265 |
| PETROLEOSMEXICANOS | 0.13 | 100,000 |
| ONSLOW BAYFINANCIAL LLC | 0.13 | 91,897 |
| SANTANDERDRIVE AUTO RECEIVABL | 0.13 | 95,000 |
| AFFIRM INC | 0.13 | 92,336 |
| COLT FUNDING LLC | 0.13 | 94,879 |
| FREDDIE MAC | 0.13 | 90,399 |
| EXETER AUTOMOBILE RECEIVABLES | 0.12 | 86,036 |
| STELLANTISFINANCIAL UNDERWRIT | 0.12 | 86,412 |
| GOVERNMENTNATIONAL MORTGAGE A | 0.11 | 75,000 |
| FANNIE MAECAS | 0.07 | 52,859 |
| INTL FLAVOR + FRAGRANCES | 0.06 | 49,000 |
| CONSTELLATION BRANDS INC | 0.06 | 45,000 |
| FREDDIE MAC | 0.05 | 33,583 |
| GLS AUTO RECEIVABLES TRUST | 0.04 | 28,000 |
| GOVERNMENTNATIONAL MORTGAGE A | 0.02 | 552,634 |
