| ARBOR REALTY TRUST INC | 4.66 | 129,055 |
| TPG RE FINANCE TRUST INC | 4.46 | 225,358 |
| STARWOOD PROPERTY TRUST INC | 4.45 | 93,977 |
| FRANKLIN BSP REALTY TRUST IN | 4.43 | 146,076 |
| KKR REAL ESTATE FIN TR REIT | 4.43 | 154,601 |
| LADDER CAPITAL CORP-REIT | 4.38 | 162,819 |
| READY CAPITAL CORP | 4.37 | 246,894 |
| APOLLO COMMERCIAL REAL ESTAT | 4.34 | 203,565 |
| BLACKSTONE MORTGAGE TRU-CL A | 4.34 | 98,312 |
| BRIGHTSPIRE CAPITAL INC | 4.33 | 333,391 |
| CLAROS MORTGAGE TRUST INC | 4.26 | 245,042 |
| REDWOOD TRUST INC | 4.18 | 232,770 |
| MFA FINANCIAL INC | 4.14 | 140,280 |
| ELLINGTON FINANCIAL INC | 4.13 | 137,911 |
| RITHM CAPITAL CORP | 4.02 | 152,544 |
| CHIMERA INVESTMENT CORP | 4.02 | 109,372 |
| NEW YORK MORTGAGE TRUST INC | 3.98 | 270,630 |
| ORCHID ISLAND CAPITAL INC | 3.71 | 194,478 |
| DYNEX CAPITAL INC | 3.68 | 124,316 |
| TWO HARBORS INVESTMENT CORP | 3.64 | 112,841 |
| ARMOUR RESIDENTIAL REIT INC | 3.63 | 76,593 |
| AGNC INVESTMENT CORP | 3.61 | 148,819 |
| PENNYMAC MORTGAGE INVESTMENT | 3.60 | 108,776 |
| ANNALY CAPITAL MANAGEMENT IN | 3.53 | 75,838 |
| CASH | 1.66 | 716,594 |
