| US 5YR NOTE (CBT) Sep24 | 6.38 | 9 |
| US 2YR NOTE (CBT) Sep24 | 4.05 | 3 |
| Barclays Commercial Mortgage Securities LLC Series 2018-TALL, Class A, Variable rate, due 03/15/2037 | 3.71 | 600,000 |
| Freddie Mac - STACR Series 2024-HQA1, Class M2, Variable rate, due 03/25/2044 | 3.31 | 500,000 |
| Farmer Mac Agricultural Real Estate Trust Series 2024-1, Class B, Variable rate, due 10/01/2053 | 3.28 | 611,433 |
| BX Trust Series 2019-IMC, Class F, Variable rate, due 04/15/2034 | 3.20 | 500,000 |
| Barclays Commercial Mortgage Securities LLC Series 2024-5C25, Class XA, Variable rate, due 03/15/2057 | 3.11 | 9,999,673 |
| BENCHMARK Mortgage Trust Series 2024-V6, Class XA, Variable rate, due 10/15/2028 | 3.07 | 8,897,753 |
| LHOME Mortgage Trust Series 2024-RTL2, Class A2, Variable rate, due 03/25/2029 | 2.99 | 445,000 |
| Pagaya AI Debt Selection Trust Serues 2024-3, Class D, 9%, due 10/15/2031 | 2.92 | 450,000 |
| Morgan Stanley Capital I Trust Series 2019-L2, Class XA, Variable rate, due 03/15/2052 | 2.87 | 12,042,880 |
| BX Trust Series 2021-ARIA, Class E, Variable rate, due 10/15/2036 | 2.42 | 375,000 |
| Bank Series 2021-BN31, Class XB, Variable rate, due 02/15/2054 | 2.36 | 7,500,000 |
| Life Financial Services Trust Series 2021-BMR, Class G, Variable rate, due 03/15/2038 | 2.32 | 368,614 |
| WFLD MORTGAGE TRUST Series 2014-MONT, Class A, Variable rate, due 08/10/2031 | 2.18 | 375,000 |
| US Dollar | 2.15 | 327,161 |
| Credit Suisse Mortgage Trust Series 2020-WEST, Class A, 3.0403%, due 02/15/2035 | 2.07 | 400,000 |
| Hilton USA Trust Series 2016-HHV, Class E, Variable rate, due 11/05/2038 | 2.02 | 325,000 |
| MCR Mortgage Trust Series 2024-TWA, Class E, 8.725%, due 06/12/2039 | 1.99 | 300,000 |
| Great Wolf Trust Series 2024-WOLF, Class E, Variable rate, due 03/15/2039 | 1.98 | 300,000 |
| LUXE Commercial Mortgage Trust Series 2021-TRIP, Class F, Variable rate, due 10/15/2038 | 1.95 | 300,000 |
| Freddie Mac Series 4911, Class FB, Variable rate, due 09/25/2049 | 1.92 | 297,593 |
| Verus Securitization Trust Series 2021-R2, Class B2, Variable rate, due 02/25/2064 | 1.89 | 375,000 |
| Preston Ridge Partners Mortgage Trust Series 2024-NQM1, Class M1, Variable rate, due 10/25/2068 | 1.84 | 275,000 |
| SBNA Auto Receivables Trust Series 2024-A, Class D, 6.04%, due 04/15/2030 | 1.84 | 275,000 |
| BRAVO Residential Funding Trust Series 2024-NQM3, Class B1, 8.10%, due 03/25/2064 | 1.84 | 275,000 |
| AMSR Trust Series 2020-SFR3, Class I, 7.379%, due 09/17/2037 | 1.83 | 280,000 |
| LHOME Mortgage Trust Series 2024-RTL3, Class M, 10.728%, due 05/25/2029 | 1.83 | 275,000 |
| PRP Advisors, LLC Series 2024-3, Class A2, Variable rate, due 05/25/2029 | 1.82 | 275,000 |
| Barclays Commercial Mortgage Securities LLC Series 2020-BID, Class D, Variable rate, due 10/15/2037 | 1.79 | 275,000 |
| FHLMC Multifamily Structured Pass Through Certs. Series K755, Class X3, Variable rate, due 02/25/2059 | 1.78 | 940,000 |
| Ellington Financial Mortgage Trust Series 2019-2, Class M1, Variable rate, due 11/25/2059 | 1.77 | 289,000 |
| CSAIL Commercial Mortgage Trust Series 2015-C3, Class B, Variable rate, due 08/15/2048 | 1.75 | 285,000 |
| Del Amo Fashion Center Trust Series 2017-AMO, Class D, Variable rate, due 06/05/2035 | 1.75 | 300,000 |
| Pagaya AI Debt Selection Trust Series 2023-6, Class C, 8.491%, due 06/16/2031 | 1.74 | 259,933 |
| MFRA Trust Series 2022-INV3, Class A1, Variable rate, due 10/25/2057 | 1.73 | 263,565 |
| LHOME Mortgage Trust Series 2024-RTL2, Class M, Variable rate, due 03/25/2029 | 1.72 | 255,000 |
| Pagaya AI Debt Selection Trust Series 2024-2, Class C, 7.573%, due 08/15/2031 | 1.72 | 259,884 |
| Preston Ridge Partners Mortgage Trust Series 2020-6, Class A2, Variable rate, due 11/25/2025 | 1.72 | 264,162 |
| GLS Auto Receivables Trust Series 2023-4A, Class D, 7.18%, due 08/15/2029 | 1.71 | 250,000 |
| LUXE Commercial Mortgage Trust Series 2021-TRIP, Class G, Variable rate, due 10/15/2038 | 1.69 | 262,000 |
| Fannie Mae - CAS Series 2024-R03, Class 2M2, Variable rate, due 03/25/2044 | 1.69 | 255,000 |
| Verus Securitization Trust Series 2021-5, Class B2, Variable rate, due 09/25/2066 | 1.69 | 367,000 |
| Exeter Automobile Receivables Trust Series 2024-1A, Class E, 7.89%, due 08/15/2031 | 1.68 | 250,000 |
| Fannie Mae - CAS Series 2022-R01, Class 1B2, Variable rate, due 12/25/2041 | 1.67 | 240,000 |
| CoreVest American Finance Ltd Series 2021-1, Class A, 1.569%, due 04/15/2053 | 1.67 | 270,534 |
| Onslow Bay Financial LLC Series 2021-NQM4, Class A1, Variable rate, due 10/25/2061 | 1.67 | 303,965 |
| CFCRE Commercial Mortgage Trust Series 2017-C8, Class XA, Variable rate, due 06/15/2050 | 1.57 | 7,779,265 |
| US 10YR NOTE (CBT)Sep24 | 1.47 | 2 |
| MFRA Trust Series 2024-RPL1, Class M1, Variable rate, due 02/25/2066 | 0.96 | 175,000 |
| Freddie Mac Multiclass Certificates Series 2020-RR07, Class AX, Variable rate, due 09/27/2028 | 0.81 | 1,500,000 |
| US 10yr Ultra Fut Sep24 | 0.76 | 1 |
| GNMA Series 2024-32, Class IO, Variable rate, due 06/16/2063 | 0.65 | 1,981,073 |
| Bank Series 2019-BN24, Class XA, Variable rate, due 11/15/2062 | 0.19 | 978,524 |
| Bank Series 2019-BN22, Class XA, Variable rate, due 11/15/2062 | 0.18 | 1,063,689 |
