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Form NPORT-P AIM VARIABLE INSURANCE For: Mar 31

May 27, 2022 8:36 AM EDT

  
    NPORT-P
    false
    
      
      
        
          0000896435
          XXXXXXXX
        
      
      
      
      
        S000064655
        C000209358
        C000209357
      
      
      
    
  
  
    
      AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
      811-07452
      0000896435
      FC4UULIMJMGKBDUARB13
      11 Greenway Plaza
      Suite 1000
      Houston
      
      77046-1173
      800-959-4246
      Invesco V.I. Core Bond Fund
      S000064655
      549300RORS3STXK3JJ18
      2022-12-31
      2022-03-31
      N
    
    
      128014574.54
      16542063.62
      111472510.92
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      15136209.50000000
      0.00000000
      0.00000000
      1730615.50000000
      
        
          USD
          
          
        
      
      
      
      
        
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        SG Residential Mortgage Trust
        N/A
        SG Residential Mortgage Trust
        78433QAA3
        
          
        
        295000.00000000
        PA
        USD
        289894.49000000
        0.260059172981
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2062-03-27
          Variable
          3.16600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Treasury Portfolio
        5493004B3TM8ZIDDDC39
        Invesco Treasury Portfolio, Institutional Class
        825252406
        
          
        
        4622716.73000000
        NS
        USD
        4622716.73000000
        4.146956672858
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        N/A
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        161175BY9
        
          
        
        88000.00000000
        PA
        USD
        71025.12000000
        0.063715367505
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-04-01
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Expedia Group, Inc.
        CI7MUJI4USF3V0NJ1H64
        Expedia Group, Inc.
        30212PBK0
        
          
        
        31000.00000000
        PA
        USD
        32260.15000000
        0.028940004790
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-08-01
          Fixed
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Prudential Financial, Inc.
        5PRBRS5FEH7NREC8OR45
        Prudential Financial, Inc.
        744320AN2
        
          
        
        58000.00000000
        PA
        USD
        58074.24000000
        0.052097364202
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2044-03-15
          Variable
          5.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FBH3
        
          
        
        46000.00000000
        PA
        USD
        41105.66000000
        0.036875153937
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-15
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FAQ4
        
          
        
        91000.00000000
        PA
        USD
        92372.70000000
        0.082865900514
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-11-15
          Fixed
          4.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967LW9
        
          
        
        41000.00000000
        PA
        USD
        41829.88000000
        0.037524838773
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-23
          Variable
          4.07500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kite Realty Group Trust
        549300OVTYLM7DH6CM14
        Kite Realty Group Trust
        76131VAB9
        
          
        
        33000.00000000
        PA
        USD
        34190.81000000
        0.030671965418
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-09-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Private Credit Fund
        549300ORP3TTCNXSYO43
        Blackstone Private Credit Fund
        09261HAJ6
        
          
        
        111000.00000000
        PA
        USD
        101902.88000000
        0.091415254899
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GSR Mortgage Loan Trust
        N/A
        GSR Mortgage Loan Trust, Series 2005-AR, Class 6A1
        362341FR5
        
          
        
        11193.46000000
        PA
        USD
        11427.34000000
        0.010251262760
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-07-25
          Variable
          3.02372600
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Athene Global Funding
        549300LM1QSI4MSIL320
        Athene Global Funding
        04685A3L3
        
          
        
        230000.00000000
        PA
        USD
        221682.51000000
        0.198867423161
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-08
          Fixed
          3.20500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AmeriCredit Automobile Receivables Trust
        N/A
        AmeriCredit Automobile Receivables Trust, Series 2019-3, Class D
        03066NAG9
        
          
        
        135000.00000000
        PA
        USD
        134479.95000000
        0.120639562965
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-09-18
          Fixed
          2.58000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pacific LifeCorp
        VFN8KLUEIK7XMVX1JM30
        Pacific LifeCorp
        694476AE2
        
          
        
        44000.00000000
        PA
        USD
        40423.22000000
        0.036262949193
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-09-15
          Fixed
          3.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46625HRY8
        
          
        
        55000.00000000
        PA
        USD
        55766.69000000
        0.050027302282
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-01
          Variable
          3.78200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCCL8
        
          
        
        38526.99000000
        PA
        USD
        6058.47000000
        0.005434945306
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2034-01-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392FJ81
        
          
        
        46177.38000000
        PA
        USD
        7992.33000000
        0.007169776596
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-25
          Floating
          7.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pacific Life Global Funding II
        6354003EUPCHXTWUU869
        Pacific Life Global Funding II
        6944PL2M0
        
          
        
        270000.00000000
        PA
        USD
        269756.01000000
        0.241993302002
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-03-30
          Floating
          1.07031000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vontier Corp.
        549300VVSQLG4P5K4639
        Vontier Corp.
        928881AF8
        
          
        
        91000.00000000
        PA
        USD
        81015.94000000
        0.072677953812
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXX7
        
          
        
        343000.00000000
        PA
        USD
        334868.78000000
        0.300404805845
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-09
          Floating
          1.05833800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486QAF8
        
          
        
        72000.00000000
        PA
        USD
        62145.43000000
        0.055749556089
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-02
          Fixed
          1.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Athene Global Funding
        549300LM1QSI4MSIL320
        Athene Global Funding
        04685A2Q3
        
          
        
        84000.00000000
        PA
        USD
        81858.40000000
        0.073433709642
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-10-13
          Fixed
          1.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Altria Group, Inc.
        XSGZFLO9YTNO9VCQV219
        Altria Group, Inc.
        02209SBP7
        
          
        
        79000.00000000
        PA
        USD
        66533.83000000
        0.059686311406
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-02-04
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38145GAH3
        
          
        
        23000.00000000
        PA
        USD
        23116.18000000
        0.020737112503
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-16
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        N/A
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        00774MAY1
        
          
        
        194000.00000000
        PA
        USD
        174271.72000000
        0.156336049633
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2033-10-29
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Secured Lending Fund
        549300KM7KWQHVBNH962
        Blackstone Secured Lending Fund
        09261XAC6
        
          
        
        110000.00000000
        PA
        USD
        97751.23000000
        0.087690883782
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-02-15
          Fixed
          2.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31394EC97
        
          
        
        678.34000000
        PA
        USD
        676.85000000
        0.000607190054
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-08-25
          Floating
          0.70657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Extra Space Storage L.P.
        549300YNKSKNZFR8UC42
        Extra Space Storage L.P.
        30225VAG2
        
          
        
        92000.00000000
        PA
        USD
        80900.19000000
        0.072574116553
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          2.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYR9
        
          
        
        285000.00000000
        PA
        USD
        280316.72000000
        0.251467126457
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-21
          Floating
          1.05235400
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        California State University
        N/A
        California State University, Series 2021 B, Ref. RB
        13077DRW4
        
          
        
        110000.00000000
        PA
        USD
        92906.95000000
        0.083345166654
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2052-11-01
          Fixed
          2.71900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VFT6
        
          
        
        31000.00000000
        PA
        USD
        26450.30000000
        0.023728092048
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2040-11-20
          Fixed
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Octagon Investment Partners 49 Ltd.
        N/A
        Octagon Investment Partners 49 Ltd., Series 2020-5A, Class A1
        67578FAA5
        
          
        
        400000.00000000
        PA
        USD
        399100.00000000
        0.358025486917
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-01-15
          Floating
          1.46129000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394F4M4
        
          
        
        81566.25000000
        PA
        USD
        11409.35000000
        0.010235124252
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-10-25
          Floating
          5.64343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AES Corp. (The)
        2NUNNB7D43COUIRE5295
        AES Corp. (The)
        00130HCG8
        
          
        
        37000.00000000
        PA
        USD
        33147.95000000
        0.029736434324
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-15
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392DPX4
        
          
        
        966.63000000
        PA
        USD
        164.18000000
        0.000147282947
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-03-18
          Floating
          7.53243000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280BS7
        
          
        
        103000.00000000
        PA
        USD
        104076.86000000
        0.093365493556
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2024-05-18
          Variable
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3137B26D7
        
          
        
        44103.34000000
        PA
        USD
        2169.21000000
        0.001945959575
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-05-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31397NP41
        
          
        
        14174.06000000
        PA
        USD
        14402.81000000
        0.012920503791
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2037-06-25
          Floating
          1.39657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PBM7
        
          
        
        38000.00000000
        PA
        USD
        34460.18000000
        0.030913612437
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-04-22
          Variable
          3.10900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Energy Transfer L.P.
        MTLVN9N7JE8MIBIJ1H73
        Energy Transfer L.P.
        86765BAU3
        
          
        
        25000.00000000
        PA
        USD
        25203.80000000
        0.022609879145
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMBB Commercial Mortgage Securities Trust
        N/A
        JPMBB Commercial Mortgage Securities Trust, Series 2015-C27, Class XA, IO
        46644ABH4
        
          
        
        1941119.88000000
        PA
        USD
        52641.23000000
        0.047223507899
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2048-02-15
          Variable
          1.14066400
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EPR Properties
        549300YSSXFHMPOWZ492
        EPR Properties
        26884UAC3
        
          
        
        56000.00000000
        PA
        USD
        56099.37000000
        0.050325743573
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-12-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of New York Mellon Corp. (The)
        WFLLPEPC7FZXENRZV188
        Bank of New York Mellon Corp. (The), Series I
        064058AL4
        
          
        
        291000.00000000
        PA
        USD
        269727.90000000
        0.241968085022
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Williams Cos., Inc. (The)
        D71FAKCBLFS2O0RBPG08
        Williams Cos., Inc. (The)
        969457BU3
        
          
        
        51000.00000000
        PA
        USD
        51339.94000000
        0.046056143865
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-01-15
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Danske Bank A/S
        MAES062Z21O4RZ2U7M96
        Danske Bank A/S
        23636ABB6
        
          
        
        200000.00000000
        PA
        USD
        182411.12000000
        0.163637760102
        Long
        DBT
        CORP
        DK
        N
        
        2
        
          2027-09-10
          Variable
          1.54900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OHA Loan Funding Ltd.
        54930016024GMIAF7A82
        OHA Loan Funding Ltd., Series 2016-1A, Class AR
        67110UAL3
        
          
        
        287936.00000000
        PA
        USD
        286432.11000000
        0.256953133679
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-01-20
          Floating
          1.51400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invitation Homes Operating Partnership L.P.
        549300147YMUQB3GW319
        Invitation Homes Operating Partnership L.P.
        46188BAC6
        
          
        
        101000.00000000
        PA
        USD
        88539.72000000
        0.079427402567
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2034-01-15
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31394YF74
        
          
        
        38568.22000000
        PA
        USD
        2349.84000000
        0.002107999524
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-07-15
          Floating
          7.25343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Coca-Cola Icecek AS
        789000WT80VVLUWJDK41
        Coca-Cola Icecek AS
        1912ERAA8
        
          
        
        306000.00000000
        PA
        USD
        288754.03000000
        0.259036086670
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2029-01-20
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association, IO
        38380HQY1
        
          
        
        122308.71000000
        PA
        USD
        18634.62000000
        0.016716785013
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2047-10-16
          Floating
          5.76943000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Holdings Finance Co. LLC
        549300D2L6J4NC1QVZ22
        Blackstone Holdings Finance Co. LLC
        09261BAG5
        
          
        
        58000.00000000
        PA
        USD
        53005.53000000
        0.047550314927
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-30
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Australia Bank Ltd.
        F8SB4JFBSYQFRQEH3Z21
        National Australia Bank Ltd.
        632525AS0
        
          
        
        153000.00000000
        PA
        USD
        149874.68000000
        0.134449900484
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2034-08-02
          Variable
          3.93300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arthur J. Gallagher & Co.
        54930049QLLMPART6V29
        Arthur J. Gallagher & Co.
        363576AB5
        
          
        
        52000.00000000
        PA
        USD
        46404.56000000
        0.041628702553
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-05-20
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364HF69
        
          
        
        15520.51000000
        PA
        USD
        582.02000000
        0.000522119754
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2023-11-25
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Life Mortgage Trust
        N/A
        Life Mortgage Trust, Series 2021-BMR, Class B
        53218CAC4
        
          
        
        235912.84000000
        PA
        USD
        228606.01000000
        0.205078371441
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-03-15
          Floating
          1.27700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486QAG6
        
          
        
        172000.00000000
        PA
        USD
        147060.00000000
        0.131924901292
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAKM1
        
          
        
        154406.66000000
        PA
        USD
        24851.42000000
        0.022293765337
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394AHA7
        
          
        
        38710.73000000
        PA
        USD
        4750.90000000
        0.004261947596
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2030-11-25
          Floating
          6.64343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Group AG
        549300506SI9CRFV9Z86
        Credit Suisse Group AG
        225433AR2
        
          
        
        147000.00000000
        PA
        USD
        149687.42000000
        0.134281912881
        Long
        DBT
        CORP
        CH
        N
        
        2
        
          2026-04-17
          Fixed
          4.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TDCL8
        
          
        
        1990.43000000
        PA
        USD
        2148.04000000
        0.001926968346
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-04-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bear Stearns Adjustable Rate Mortgage Trust
        N/A
        Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-1, Class A1
        07387AGZ2
        
          
        
        30643.19000000
        PA
        USD
        31047.68000000
        0.027852319593
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-02-25
          Floating
          0.64613000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Leidos, Inc.
        5493006I78VIN6J1BQ95
        Leidos, Inc.
        52532XAH8
        
          
        
        65000.00000000
        PA
        USD
        56470.05000000
        0.050658273985
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-15
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Essential Properties L.P.
        254900XX9FNFCDE1NX02
        Essential Properties L.P.
        29670VAA7
        
          
        
        65000.00000000
        PA
        USD
        56998.87000000
        0.051132668968
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-07-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        General Mills, Inc.
        2TGYMUGI08PO8X8L6150
        General Mills, Inc.
        370334CQ5
        
          
        
        49000.00000000
        PA
        USD
        44027.14000000
        0.039495961503
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-10-14
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYJ7
        
          
        
        67000.00000000
        PA
        USD
        59462.89000000
        0.053343097333
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-07-21
          Variable
          2.38300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apple, Inc.
        HWUPKR0MPOU8FGXBT394
        Apple, Inc.
        037833EA4
        
          
        
        161000.00000000
        PA
        USD
        132446.68000000
        0.118815552737
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2060-08-20
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lundin Energy Finance B.V.
        549300JSNI1KL271GM17
        Lundin Energy Finance B.V.
        55037AAB4
        
          
        
        216000.00000000
        PA
        USD
        200373.83000000
        0.179751786647
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2031-07-15
          Fixed
          3.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Williams Cos., Inc. (The)
        D71FAKCBLFS2O0RBPG08
        Williams Cos., Inc. (The)
        88339WAA4
        
          
        
        80000.00000000
        PA
        USD
        70306.62000000
        0.063070813978
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-10-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392F7G6
        
          
        
        2490.60000000
        PA
        USD
        412.25000000
        0.000369822117
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-18
          Floating
          7.63243000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        3128M5F54
        
          
        
        7847.66000000
        PA
        USD
        8821.61000000
        0.007913708884
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2037-10-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCQG4
        
          
        
        10274.10000000
        PA
        USD
        1695.74000000
        0.001521218088
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-02-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal National Mortgage Association
        B1V7KEBTPIMZEU4LTD58
        Federal National Mortgage Association
        31403C5V9
        
          
        
        1366.23000000
        PA
        USD
        1496.38000000
        0.001342375790
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2033-01-01
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS, PO
        31282XVL2
        
          
        
        7724.80000000
        PA
        USD
        7343.57000000
        0.006587785579
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-06-01
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fortune Brands Home & Security, Inc.
        54930032LHW54PQUJD44
        Fortune Brands Home & Security, Inc.
        34964CAF3
        
          
        
        58000.00000000
        PA
        USD
        58158.83000000
        0.052173248382
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEC Energy Group, Inc.
        549300IGLYTZUK3PVP70
        WEC Energy Group, Inc.
        92939UAD8
        
          
        
        35000.00000000
        PA
        USD
        31544.54000000
        0.028298043831
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-15
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP Capital Markets PLC
        549300CRVT18MXX0AG93
        BP Capital Markets PLC
        05565QDU9
        
          
        
        73000.00000000
        PA
        USD
        73584.00000000
        0.066010893082
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          N/A
          Variable
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Royal Bank of Canada
        ES7IP3U3RHIGC71XBU11
        Royal Bank of Canada
        78016EYZ4
        
          
        
        235000.00000000
        PA
        USD
        232647.80000000
        0.208704189113
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2027-01-21
          Floating
          0.84235500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        S&P Global, Inc.
        Y6X4K52KMJMZE7I7MY94
        S&P Global, Inc.
        78409VBD5
        
          
        
        80000.00000000
        PA
        USD
        81359.60000000
        0.072986245064
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-01
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Airport Authority
        254900748HGC4RBR4O84
        Airport Authority
        00946AAE4
        
          
        
        200000.00000000
        PA
        USD
        178998.84000000
        0.160576664616
        Long
        DBT
        NUSS
        HK
        N
        
        2
        
          2052-01-12
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31395MTC3
        
          
        
        23152.54000000
        PA
        USD
        2393.30000000
        0.002146986714
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-02-15
          Floating
          6.35343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ellington Financial Mortgage Trust
        N/A
        Ellington Financial Mortgage Trust, Series 2021-1, Class A1
        31574XAA6
        
          
        
        46421.46000000
        PA
        USD
        44747.10000000
        0.040141824769
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-02-25
          Variable
          0.79700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EPR Properties
        549300YSSXFHMPOWZ492
        EPR Properties
        26884UAE9
        
          
        
        93000.00000000
        PA
        USD
        93160.87000000
        0.083572953754
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-04-15
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Manulife Financial Corp.
        5493007GBX87QOZACS27
        Manulife Financial Corp.
        56501RAE6
        
          
        
        33000.00000000
        PA
        USD
        32983.52000000
        0.029588927106
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2032-02-24
          Variable
          4.06100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Illumina, Inc.
        SQ95QG8SR5Q56LSNF682
        Illumina, Inc.
        452327AM1
        
          
        
        34000.00000000
        PA
        USD
        30957.74000000
        0.027771636024
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-23
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Enbridge, Inc.
        98TPTUM4IVMFCZBCUR27
        Enbridge, Inc.
        29250NBH7
        
          
        
        51000.00000000
        PA
        USD
        47213.50000000
        0.042354388189
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2026-10-04
          Fixed
          1.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Exeter Automobile Receivables Trust
        N/A
        Exeter Automobile Receivables Trust, Series 2019-2A, Class C
        30167LAE9
        
          
        
        25275.71000000
        PA
        USD
        25293.21000000
        0.022690087261
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-03-15
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXJ8
        
          
        
        42000.00000000
        PA
        USD
        42338.87000000
        0.037981444618
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-04-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31359AYN3
        
          
        
        10538.68000000
        PA
        USD
        10786.41000000
        0.009676295896
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2023-06-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS, IO
        31325UPL4
        
          
        
        52252.66000000
        PA
        USD
        3256.91000000
        0.002921715832
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2027-12-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Tower Corp.
        5493006ORUSIL88JOE18
        American Tower Corp.
        03027XBM1
        
          
        
        114000.00000000
        PA
        USD
        103289.30000000
        0.092658987536
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-15
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TTX30
        
          
        
        14651.82000000
        PA
        USD
        15915.38000000
        0.014277403342
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-06-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Skyworks Solutions, Inc.
        549300WZ3ORQ2BVKBD96
        Skyworks Solutions, Inc.
        83088MAK8
        
          
        
        13000.00000000
        PA
        USD
        12094.72000000
        0.010849957447
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-06-01
          Fixed
          1.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Genuine Parts Co.
        549300D46DQVEU651W04
        Genuine Parts Co.
        372460AC9
        
          
        
        105000.00000000
        PA
        USD
        96487.91000000
        0.086557581957
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-01
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group, Series D
        78486QAP6
        
          
        
        294000.00000000
        PA
        USD
        272501.25000000
        0.244456007809
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392AZY7
        
          
        
        473.42000000
        PA
        USD
        75.37000000
        0.000067613081
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-11-25
          Floating
          7.44343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Piedmont Healthcare, Inc.
        N/A
        Piedmont Healthcare, Inc., Series 2032
        72014TAC3
        
          
        
        70000.00000000
        PA
        USD
        61455.26000000
        0.055130416900
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-01-01
          Fixed
          2.04400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        F&G Global Funding
        6354009CCUKJIZ7KFX73
        F&G Global Funding
        30321L2C5
        
          
        
        140000.00000000
        PA
        USD
        125518.47000000
        0.112600379200
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-20
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136B1BQ6
        
          
        
        13524.30000000
        PA
        USD
        819.93000000
        0.000735544569
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2044-12-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Johnson Controls International PLC/Tyco Fire & Security Finance S.C.A.
        N/A
        Johnson Controls International PLC/Tyco Fire & Security Finance S.C.A.
        47837RAD2
        
          
        
        38000.00000000
        PA
        USD
        33410.83000000
        0.029972259281
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2031-09-16
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association, TBA
        21H022648
        
          
        
        4265000.00000000
        PA
        USD
        4136883.37000000
        3.711124236690
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2052-04-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FA6K1
        
          
        
        55848.78000000
        PA
        USD
        9453.57000000
        0.008480628920
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-09-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bayview MSR Opportunity Master Fund Trust
        N/A
        Bayview MSR Opportunity Master Fund Trust, Series 2021-4, Class A3
        07336GAC8
        
          
        
        249453.54000000
        PA
        USD
        236431.59000000
        0.212098559589
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-10-25
          Variable
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dell Equipment Finance Trust
        N/A
        Dell Equipment Finance Trust, Series 2019-2, Class D
        24703KAF2
        
          
        
        115000.00000000
        PA
        USD
        115099.46000000
        0.103253671286
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-04-22
          Fixed
          2.48000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MASTR Asset Backed Securities Trust
        N/A
        MASTR Asset Backed Securities Trust, Series 2006-WMC3, Class A3
        55291KAC1
        
          
        
        36972.52000000
        PA
        USD
        15710.49000000
        0.014093600180
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-08-25
          Floating
          0.55657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Tower Corp.
        5493006ORUSIL88JOE18
        American Tower Corp.
        03027XBW9
        
          
        
        84000.00000000
        PA
        USD
        84300.04000000
        0.075624061308
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          4.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LSEGA Financing PLC
        2138009YFYTGEHZNNZ09
        LSEGA Financing PLC
        50220PAC7
        
          
        
        203000.00000000
        PA
        USD
        185163.02000000
        0.166106440477
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2028-04-06
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        3129354W6
        
          
        
        86545.40000000
        PA
        USD
        95172.72000000
        0.085377748482
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2039-09-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VGM0
        
          
        
        334000.00000000
        PA
        USD
        302236.49000000
        0.271130960902
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          2.35500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TMBG0
        
          
        
        46824.28000000
        PA
        USD
        50354.94000000
        0.045172517945
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-10-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bayview MSR Opportunity Master Fund Trust
        N/A
        Bayview MSR Opportunity Master Fund Trust, Series 2021-5, Class A1
        07336JAD0
        
          
        
        262990.55000000
        PA
        USD
        250870.45000000
        0.225051403193
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-11-25
          Variable
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYB4
        
          
        
        35000.00000000
        PA
        USD
        31882.56000000
        0.028601275540
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-22
          Variable
          2.61500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Golub Capital Partners CLO 40A Ltd.
        N/A
        Golub Capital Partners CLO 40A Ltd., Series 2019-40A, Class AR
        38176EAL1
        
          
        
        330000.00000000
        PA
        USD
        327225.69000000
        0.293548326219
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2032-01-25
          Floating
          1.34771000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Starwood Mortgage Residential Trust
        N/A
        Starwood Mortgage Residential Trust
        85573TAA2
        
          
        
        235156.96000000
        PA
        USD
        224890.48000000
        0.201745235793
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-12-25
          Variable
          2.44700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Magallanes, Inc.
        549300DXR29GD4N0A520
        Magallanes, Inc.
        55903VAQ6
        
          
        
        376000.00000000
        PA
        USD
        385577.00000000
        0.345894244973
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-15
          Fixed
          5.14100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392GDW2
        
          
        
        2311.05000000
        PA
        USD
        313.30000000
        0.000281055838
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-09-25
          Floating
          6.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LXP Industrial Trust
        549300S4MH2ICXDBFV43
        LXP Industrial Trust
        529537AA0
        
          
        
        57000.00000000
        PA
        USD
        50658.90000000
        0.045445195036
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-10-01
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM Mortgage Trust, Series 2014-LC15, Class AM
        12591TAG1
        
          
        
        170000.00000000
        PA
        USD
        171737.16000000
        0.154062341094
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-04-10
          Fixed
          4.19800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CubeSmart L.P.
        549300MPHKO3I3FJRA97
        CubeSmart L.P.
        22966RAJ5
        
          
        
        57000.00000000
        PA
        USD
        51097.17000000
        0.045838359231
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        McKesson Corp.
        549300WZWOM80UCFSF54
        McKesson Corp.
        581557BR5
        
          
        
        71000.00000000
        PA
        USD
        65280.80000000
        0.058562240557
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-08-15
          Fixed
          1.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CCG Receivables Trust
        N/A
        CCG Receivables Trust, Series 2019-2, Class B
        12510FAC8
        
          
        
        105000.00000000
        PA
        USD
        104928.82000000
        0.094129771666
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2027-03-15
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AmeriCredit Automobile Receivables Trust
        N/A
        AmeriCredit Automobile Receivables Trust, Series 2019-2, Class C
        03066KAG5
        
          
        
        100000.00000000
        PA
        USD
        100417.78000000
        0.090082998195
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-04-18
          Fixed
          2.74000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        California Health Facilities Financing Authority
        5493007RI8BUDOGHZ546
        California Health Facilities Financing Authority
        13032UD96
        
          
        
        75000.00000000
        PA
        USD
        76394.02000000
        0.068531711871
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-06-01
          Fixed
          4.35300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cigna Corp.
        549300VIWYMSIGT1U456
        Cigna Corp.
        125523AG5
        
          
        
        34000.00000000
        PA
        USD
        35072.13000000
        0.031462581860
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-11-15
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cheniere Corpus Christi Holdings LLC
        549300I7CIEWU1BBLQ53
        Cheniere Corpus Christi Holdings LLC
        16412XAK1
        
          
        
        80000.00000000
        PA
        USD
        69761.68000000
        0.062581958030
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2039-12-31
          Fixed
          2.74200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mello Mortgage Capital Acceptance Trust
        N/A
        Mello Mortgage Capital Acceptance Trust, Series 2021-INV2, Class A4
        58549XAF0
        
          
        
        165796.53000000
        PA
        USD
        159882.73000000
        0.143427943517
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-08-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967NN7
        
          
        
        239000.00000000
        PA
        USD
        237198.33000000
        0.212786388359
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-03-17
          Variable
          3.78500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MAG Mutual Holding Co.
        N/A
        MAG Mutual Holding Co.
        55261HAC4
        
          
        
        612000.00000000
        PA
        USD
        571984.10000000
        0.513116727414
        Long
        DBT
        CORP
        US
        N
        
        3
        
          2041-04-30
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brixmor Operating Partnership L.P.
        549300CJHBL7JBUA6503
        Brixmor Operating Partnership L.P.
        11120VAL7
        
          
        
        44000.00000000
        PA
        USD
        38936.60000000
        0.034929328924
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-08-16
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Residential Accredit Loans, Inc. Trust
        N/A
        Residential Accredit Loans, Inc. Trust, Series 2006-QS13, Class 1A8
        75115DAH8
        
          
        
        320.09000000
        PA
        USD
        290.41000000
        0.000260521627
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-09-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Trust
        N/A
        BX Trust
        12433EAG6
        
          
        
        130000.00000000
        PA
        USD
        126867.55000000
        0.113810614790
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2039-01-15
          Floating
          1.60116000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bain Capital Credit CLO Ltd.
        N/A
        Bain Capital Credit CLO Ltd., Series 2017-2A, Class AR2
        05683HAN5
        
          
        
        481000.00000000
        PA
        USD
        476805.20000000
        0.427733434965
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2034-07-25
          Floating
          1.43771000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Campus Communities Operating Partnership L.P.
        RDKVCX5HITZ2GPIR7153
        American Campus Communities Operating Partnership L.P.
        024836AH1
        
          
        
        55000.00000000
        PA
        USD
        50339.38000000
        0.045158559347
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-01-15
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Regency Centers L.P.
        5493008PTR2GAOYBXW28
        Regency Centers L.P.
        75884RAZ6
        
          
        
        38000.00000000
        PA
        USD
        36250.44000000
        0.032519622731
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-09-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CSMC Mortgage-Backed Trust
        N/A
        CSMC Mortgage-Backed Trust, Series 2006-6, Class 1A4
        22942JAD5
        
          
        
        106270.81000000
        PA
        USD
        72511.34000000
        0.065048628941
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-07-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Healthcare Trust of America Holdings L.P.
        549300IYGAS4GE6VDL07
        Healthcare Trust of America Holdings L.P.
        42225UAH7
        
          
        
        34000.00000000
        PA
        USD
        29470.10000000
        0.026437100731
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-15
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kite Realty Group L.P.
        549300X6R2GYI8Y3OD81
        Kite Realty Group L.P.
        49803XAA1
        
          
        
        82000.00000000
        PA
        USD
        82162.20000000
        0.073706243200
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blue Owl Finance LLC
        254900OF2NO2GYFV5T41
        Blue Owl Finance LLC
        09581JAA4
        
          
        
        86000.00000000
        PA
        USD
        73329.37000000
        0.065782469054
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-06-10
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS, IO
        31282YCV9
        
          
        
        36285.90000000
        PA
        USD
        6040.98000000
        0.005419255339
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-12-15
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Allianz SE
        529900K9B0N5BT694847
        Allianz SE
        018820AB6
        
          
        
        237000.00000000
        PA
        USD
        206190.00000000
        0.184969368948
        Long
        DBT
        CORP
        DE
        N
        
        2
        
          N/A
          Variable
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Connecticut Avenue Securities
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Connecticut Avenue Securities, Series 2014-C04, Class 2M2
        30711XAR5
        
          
        
        36156.51000000
        PA
        USD
        36542.34000000
        0.032781481011
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2024-11-25
          Floating
          5.45657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486QAH4
        
          
        
        48000.00000000
        PA
        USD
        43841.62000000
        0.039329534822
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-05-15
          Fixed
          2.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392F6J1
        
          
        
        17181.06000000
        PA
        USD
        1902.03000000
        0.001706277165
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-18
          Floating
          7.63243000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Moody's Corp.
        549300GCEDD8YCF5WU84
        Moody's Corp.
        615369AX3
        
          
        
        214000.00000000
        PA
        USD
        179512.35000000
        0.161037325272
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-11-29
          Fixed
          3.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citizens Financial Group, Inc.
        2138004JDDA4ZQUPFW65
        Citizens Financial Group, Inc.
        174610AW5
        
          
        
        221000.00000000
        PA
        USD
        195460.98000000
        0.175344556596
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-09-30
          Fixed
          2.63800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fortune Brands Home & Security, Inc.
        54930032LHW54PQUJD44
        Fortune Brands Home & Security, Inc.
        34964CAG1
        
          
        
        136000.00000000
        PA
        USD
        133349.02000000
        0.119625025846
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-25
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Government & Agency Portfolio
        5493007T1J7WZ5QI1A47
        Invesco Government & Agency Portfolio, Institutional Class
        825252885
        
          
        
        4044877.16000000
        NS
        USD
        4044877.16000000
        3.628587107814
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JP Morgan Chase Commercial Mortgage Securities Trust
        N/A
        JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP3, Class A2
        46590RAB5
        
          
        
        26015.86000000
        PA
        USD
        25932.00000000
        0.023263134369
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2049-08-15
          Fixed
          2.43470000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364JF57
        
          
        
        14936.03000000
        PA
        USD
        2851.42000000
        0.002557957990
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-11-25
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        313921A65
        
          
        
        52133.32000000
        PA
        USD
        7905.51000000
        0.007091891924
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-11-25
          Floating
          7.44343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Flowserve Corp.
        6Y0GK87T6V7NJKZJVM41
        Flowserve Corp.
        34355JAB4
        
          
        
        31000.00000000
        PA
        USD
        27470.49000000
        0.024643286289
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-01-15
          Fixed
          2.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banco Santander S.A.
        5493006QMFDDMYWIAM13
        Banco Santander S.A.
        05964HAN5
        
          
        
        200000.00000000
        PA
        USD
        180935.87000000
        0.162314339658
        Long
        DBT
        CORP
        ES
        N
        
        2
        
          2027-09-14
          Variable
          1.72200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        S&P Global, Inc.
        Y6X4K52KMJMZE7I7MY94
        S&P Global, Inc.
        78409VBC7
        
          
        
        79000.00000000
        PA
        USD
        76692.07000000
        0.068799087207
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-01
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Commercial Mortgage Trust 2021-ACNT
        N/A
        BX Commercial Mortgage Trust 2021-ACNT, Series 2021-ACNT, Class A
        05609QAA4
        
          
        
        135000.00000000
        PA
        USD
        133355.07000000
        0.119630453193
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-11-15
          Floating
          1.24700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Global Atlantic Fin Co.
        N/A
        Global Atlantic Fin Co.
        37959GAB3
        
          
        
        46000.00000000
        PA
        USD
        41233.41000000
        0.036989756182
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-06-15
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brighthouse Financial Global Funding
        549300BLFX3KJ2IFOA78
        Brighthouse Financial Global Funding
        10921U2G2
        
          
        
        146000.00000000
        PA
        USD
        141845.70000000
        0.127247245827
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-12-15
          Fixed
          1.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 10 Year Ultra Future
        N/A
        
          
        
        34.00000000
        NC
        USD
        -198742.20000000
        -0.17828808049
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Long
            
              
                United States Treasury Note/Bond
                U.S. Treasury Bonds
                
                  
                
              
            
            2022-06-21
            6220992.20000000
            USD
            -198742.20000000
          
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31397L5D7
        
          
        
        2611.00000000
        PA
        USD
        200.76000000
        0.000180098212
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2038-07-25
          Floating
          5.59343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31396AKM5
        
          
        
        886.08000000
        PA
        USD
        888.41000000
        0.000796976754
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-09-15
          Floating
          0.79657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BMW US Capital LLC
        KK5MZM9DIXLXZL9DZL15
        BMW US Capital LLC
        05565ECB9
        
          
        
        99000.00000000
        PA
        USD
        100159.65000000
        0.089851434379
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2032-04-01
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967NE7
        
          
        
        58000.00000000
        PA
        USD
        52147.56000000
        0.046780645353
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-11-03
          Variable
          2.52000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Penske Truck Leasing Co. L.P./PTL Finance Corp.
        N/A
        Penske Truck Leasing Co. L.P./PTL Finance Corp.
        709599BJ2
        
          
        
        39000.00000000
        PA
        USD
        39423.63000000
        0.035366234845
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-07-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Huntington Bancshares, Inc.
        549300XTVCVV9I7B5T19
        Huntington Bancshares, Inc.
        446150AM6
        
          
        
        46000.00000000
        PA
        USD
        46893.50000000
        0.042067321901
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-05-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Mortgage Trust
        N/A
        JP Morgan Mortgage Trust, Series 2021-LTV2, Class A1
        46654VAA1
        
          
        
        299351.63000000
        PA
        USD
        276932.26000000
        0.248430987796
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2052-05-25
          Variable
          2.51950000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac, Series 2014-DN3, Class M3, STACR
        3137G0BK4
        
          
        
        43356.78000000
        PA
        USD
        44032.16000000
        0.039500464855
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2024-08-25
          Floating
          4.45657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Tower Corp.
        5493006ORUSIL88JOE18
        American Tower Corp.
        03027XAQ3
        
          
        
        42000.00000000
        PA
        USD
        42151.37000000
        0.037813241715
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-06-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JDE Peet's N.V.
        724500EHG519SE5ZRT89
        JDE Peet's N.V.
        47216QAB9
        
          
        
        150000.00000000
        PA
        USD
        134894.87000000
        0.121011780291
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2027-01-15
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61747YEF8
        
          
        
        152000.00000000
        PA
        USD
        130571.06000000
        0.117132967511
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2036-09-16
          Variable
          2.48400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ameren Corp.
        XRZQ5S7HYJFPHJ78L959
        Ameren Corp.
        023608AH5
        
          
        
        28000.00000000
        PA
        USD
        27647.89000000
        0.024802428663
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-09-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nordea Bank Abp
        529900ODI3047E2LIV03
        Nordea Bank Abp
        65559CAA9
        
          
        
        202000.00000000
        PA
        USD
        212039.40000000
        0.190216761289
        Long
        DBT
        CORP
        FI
        N
        
        2
        
          N/A
          Variable
          6.62500000
          N
          N
          N
          N
          Y
          
            
              Nordea Bank Abp
              Nordea Bank Abp
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31394V7G9
        
          
        
        33683.19000000
        PA
        USD
        49070.03000000
        0.044019848117
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2036-03-25
          Floating
          22.89258000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brookfield Finance, Inc.
        549300XH8D8K6OYWGD17
        Brookfield Finance, Inc.
        11271LAJ1
        
          
        
        214000.00000000
        PA
        USD
        192698.08000000
        0.172866008318
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2052-02-15
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Mortgage Trust
        N/A
        JP Morgan Mortgage Trust, Series 2007-A1, Class 5A1
        46630GAR6
        
          
        
        19163.40000000
        PA
        USD
        19366.19000000
        0.017373063403
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-07-25
          Variable
          2.39067000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAZ94
        
          
        
        105961.03000000
        PA
        USD
        17253.84000000
        0.015478111919
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-11-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Delta Air Lines, Inc./SkyMiles IP Ltd.
        2549008L7P4I8VB90936
        Delta Air Lines, Inc./SkyMiles IP Ltd.
        830867AB3
        
          
        
        196914.00000000
        PA
        USD
        198765.70000000
        0.178309161926
        Long
        DBT
        CORP
        XX
        
        N
        
        2
        
          2028-10-20
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kimco Realty Corp.
        549300EA7I6T15IBYS12
        Kimco Realty Corp.
        49446RAW9
        
          
        
        24000.00000000
        PA
        USD
        22520.30000000
        0.020202559190
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-10-01
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alimentation Couche-Tard, Inc.
        549300OSW32RVX8CCZ87
        Alimentation Couche-Tard, Inc.
        01626PAQ9
        
          
        
        93000.00000000
        PA
        USD
        84775.11000000
        0.076050238126
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2051-05-13
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61747YEJ0
        
          
        
        96000.00000000
        PA
        USD
        95609.25000000
        0.085769351754
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-01-24
          Floating
          0.77107000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RUN NQM Trust
        N/A
        RUN NQM Trust, Series 2022-NQM1, Class A1
        74981CAA9
        
          
        
        145000.00000000
        PA
        USD
        144241.65000000
        0.129396609809
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-03-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNP Paribas S.A.
        R0MUWSFPU8MPRO8K5P83
        BNP Paribas S.A.
        09659W2R4
        
          
        
        206000.00000000
        PA
        USD
        183577.32000000
        0.164683937308
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2029-09-15
          Variable
          2.15900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        17327CAP8
        
          
        
        74000.00000000
        PA
        USD
        72841.82000000
        0.065345096651
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-01-25
          Floating
          0.83135600
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31283HTM7
        
          
        
        2467.58000000
        PA
        USD
        2653.78000000
        0.002380658673
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-12-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Commercial Mortgage Trust
        N/A
        Citigroup Commercial Mortgage Trust, Series 2017-C4, Class XA, IO
        17326FAF4
        
          
        
        1950279.96000000
        PA
        USD
        77466.68000000
        0.069493976013
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-10-12
          Variable
          1.08099700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCYY6
        
          
        
        2209.65000000
        PA
        USD
        321.37000000
        0.000288295291
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-09-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCQE9
        
          
        
        20627.02000000
        PA
        USD
        3214.56000000
        0.002883724402
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-06-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MPLX L.P.
        5493000CZJ19CK4P3G36
        MPLX L.P.
        55336VBN9
        
          
        
        26000.00000000
        PA
        USD
        26902.03000000
        0.024133330969
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-12-01
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        N/A
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        00774MAV7
        
          
        
        226000.00000000
        PA
        USD
        209357.08000000
        0.187810499891
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2026-10-29
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        59023VAA8
        
          
        
        232000.00000000
        PA
        USD
        324717.18000000
        0.291297986669
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2038-05-14
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392BMY9
        
          
        
        13149.52000000
        PA
        USD
        1986.63000000
        0.001782170315
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-01-25
          Floating
          7.49343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CDY4
        
          
        
        2820500.00000000
        PA
        USD
        2709002.11000000
        2.430197442976
        Long
        DBT
        UST
        US
        N
        
        2
        
          2032-02-15
          Fixed
          1.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Private Credit Fund
        549300ORP3TTCNXSYO43
        Blackstone Private Credit Fund
        09261HAG2
        
          
        
        101000.00000000
        PA
        USD
        96401.82000000
        0.086480352155
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-11-22
          Fixed
          2.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Stewart Information Services Corp.
        529900TV1XI0PLKENU10
        Stewart Information Services Corp.
        86038AAA0
        
          
        
        130000.00000000
        PA
        USD
        118471.06000000
        0.106278273470
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-11-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        3128M4TZ6
        
          
        
        1671.68000000
        PA
        USD
        1777.94000000
        0.001594958241
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-12-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac Multifamily Structured Pass-Through Ctfs.
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K093, Class X1, IO
        3137FMCT7
        
          
        
        1685773.67000000
        PA
        USD
        96411.76000000
        0.086489269151
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-05-25
          Variable
          0.95182300
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FREMF Mortgage Trust
        N/A
        FREMF Mortgage Trust, Series 2013-K27, Class C
        30291GAQ2
        
          
        
        95000.00000000
        PA
        USD
        95270.09000000
        0.085465097371
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2046-01-25
          Variable
          3.49673200
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Truist Bank
        JJKC32MCHWDI71265Z06
        Truist Bank
        07330MAC1
        
          
        
        390000.00000000
        PA
        USD
        383730.06000000
        0.344237388063
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-09-17
          Variable
          2.63600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Office Properties Income Trust
        N/A
        Office Properties Income Trust
        67623CAD1
        
          
        
        14000.00000000
        PA
        USD
        12821.20000000
        0.011501669688
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-06-15
          Fixed
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GKH1
        
          
        
        169000.00000000
        PA
        USD
        167980.47000000
        0.150692281544
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-04
          Floating
          1.22082100
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Homes 4 Rent L.P.
        549300N4PXZ37U8QKI55
        American Homes 4 Rent L.P.
        02666TAC1
        
          
        
        14000.00000000
        PA
        USD
        12382.27000000
        0.011107913419
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-07-15
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 5 Year Note Future
        N/A
        
          
        
        46.00000000
        NC
        USD
        -131695.27000000
        -0.11814147623
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Long
            
              
                United States Treasury Note/Bond
                U.S. Treasury Notes
                
                  
                
              
            
            2022-06-30
            5407320.27000000
            USD
            -131695.27000000
          
        
        
          N
          N
          N
        
      
      
        salesforce.com, inc.
        RCGZFPDMRW58VJ54VR07
        salesforce.com, inc.
        79466LAL8
        
          
        
        138000.00000000
        PA
        USD
        122959.74000000
        0.110304988185
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-07-15
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apple, Inc.
        HWUPKR0MPOU8FGXBT394
        Apple, Inc.
        037833EG1
        
          
        
        163000.00000000
        PA
        USD
        140674.00000000
        0.126196134669
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-02-08
          Fixed
          2.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Exeter Automobile Receivables Trust
        N/A
        Exeter Automobile Receivables Trust, Series 2019-4A, Class D
        30167GAG5
        
          
        
        240000.00000000
        PA
        USD
        239211.72000000
        0.214592564593
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-09-15
          Fixed
          2.58000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EDP Finance B.V.
        5299007L43AQDFOW5739
        EDP Finance B.V.
        26835PAF7
        
          
        
        219000.00000000
        PA
        USD
        219398.80000000
        0.196818747679
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2024-07-15
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, PO
        31359DKG7
        
          
        
        5590.65000000
        PA
        USD
        5498.43000000
        0.004932543417
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2023-09-25
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Connecticut Avenue Securities
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Connecticut Avenue Securities, Series 2016-C02, Class 1M2
        30711XCB8
        
          
        
        96428.86000000
        PA
        USD
        101709.86000000
        0.091242100102
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2028-09-25
          Floating
          6.45657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Zions Bancorporation N.A.
        8WH0EE09O9V05QJZ3V89
        Zions Bancorporation N.A.
        98971DAB6
        
          
        
        250000.00000000
        PA
        USD
        239324.23000000
        0.214693495306
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-10-29
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BMW US Capital LLC
        KK5MZM9DIXLXZL9DZL15
        BMW US Capital LLC
        05565ECA1
        
          
        
        86000.00000000
        PA
        USD
        86710.00000000
        0.077785993411
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2027-04-01
          Fixed
          3.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brookfield Finance I (UK) PLC
        213800JCKNPJE9FDCJ76
        Brookfield Finance I (UK) PLC
        11272BAA1
        
          
        
        88000.00000000
        PA
        USD
        78375.64000000
        0.070309387806
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2032-01-30
          Fixed
          2.34000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Moody's Corp.
        549300GCEDD8YCF5WU84
        Moody's Corp.
        615369AY1
        
          
        
        104000.00000000
        PA
        USD
        102808.74000000
        0.092227885737
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-02-25
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo & Co.
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co.
        94974BGU8
        
          
        
        29000.00000000
        PA
        USD
        31647.35000000
        0.028390272847
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2046-12-07
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ING Groep N.V.
        549300NYKK9MWM7GGW15
        ING Groep N.V.
        456837AX1
        
          
        
        368000.00000000
        PA
        USD
        362651.91000000
        0.325328555898
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2027-04-01
          Floating
          1.28064000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TICP CLO XV Ltd.
        N/A
        TICP CLO XV Ltd., Series 2020-15A, Class A
        87250RAA2
        
          
        
        271000.00000000
        PA
        USD
        269482.67000000
        0.241748093566
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-04-20
          Floating
          1.53400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967NF4
        
          
        
        90000.00000000
        PA
        USD
        77413.77000000
        0.069446511396
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2042-11-03
          Variable
          2.90400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Masco Corp.
        5GCSNMQXHEYA1JO8QN11
        Masco Corp.
        574599BS4
        
          
        
        50000.00000000
        PA
        USD
        44095.25000000
        0.039557061768
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-15
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Angel Oak Mortgage Trust
        N/A
        Angel Oak Mortgage Trust, Series 2021-3, Class A1
        03465EAA9
        
          
        
        84585.56000000
        PA
        USD
        80213.81000000
        0.071958377305
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-05-25
          Variable
          1.06800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Office Properties Income Trust
        N/A
        Office Properties Income Trust
        67623CAE9
        
          
        
        71000.00000000
        PA
        USD
        63261.84000000
        0.056751067575
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-02-01
          Fixed
          2.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FA2E9
        
          
        
        48291.35000000
        PA
        USD
        7305.04000000
        0.006553221004
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-06-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chase Mortgage Finance Trust
        N/A
        Chase Mortgage Finance Trust, Series 2005-A2, Class 1A3
        16162WPX1
        
          
        
        36498.44000000
        PA
        USD
        34716.49000000
        0.031143543563
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-01-25
          Variable
          2.95647000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Avolon Holdings Funding Ltd.
        635400ZRKEX9L1BKCH30
        Avolon Holdings Funding Ltd.
        05401AAM3
        
          
        
        55000.00000000
        PA
        USD
        50285.18000000
        0.045109937494
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2026-02-21
          Fixed
          2.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Realty Income Corp.
        549300CUWDAUZSH43859
        Realty Income Corp.
        756109AX2
        
          
        
        34000.00000000
        PA
        USD
        33436.66000000
        0.029995430913
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LSEGA Financing PLC
        2138009YFYTGEHZNNZ09
        LSEGA Financing PLC
        50220PAB9
        
          
        
        200000.00000000
        PA
        USD
        184307.69000000
        0.165339139200
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2026-04-06
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CNH Equipment Trust
        N/A
        CNH Equipment Trust, Series 2019-A, Class A4
        12596JAD5
        
          
        
        125000.00000000
        PA
        USD
        126236.58000000
        0.113244582864
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2026-01-15
          Fixed
          3.22000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        T-Mobile USA, Inc.
        549300V2JRLO5DIFGE82
        T-Mobile USA, Inc.
        87264ACM5
        
          
        
        288000.00000000
        PA
        USD
        245972.28000000
        0.220657342307
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-10-15
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967MV0
        
          
        
        376000.00000000
        PA
        USD
        355320.00000000
        0.318751230296
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UBS Group AG
        549300SZJ9VS8SGXAN81
        UBS Group AG
        902613AD0
        
          
        
        200000.00000000
        PA
        USD
        181000.00000000
        0.162371869536
        Long
        DBT
        CORP
        CH
        N
        
        2
        
          N/A
          Variable
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Huntington Bancshares, Inc.
        549300XTVCVV9I7B5T19
        Huntington Bancshares, Inc.
        446150AW4
        
          
        
        69000.00000000
        PA
        USD
        60150.23000000
        0.053959697779
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2036-08-15
          Variable
          2.48700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ross Stores, Inc.
        549300ENZFLPGRDFZQ60
        Ross Stores, Inc.
        778296AA1
        
          
        
        56000.00000000
        PA
        USD
        56393.46000000
        0.050589566463
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-09-15
          Fixed
          3.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PAF3
        
          
        
        39000.00000000
        PA
        USD
        39152.03000000
        0.035122587332
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-05-01
          Variable
          3.54000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Med Trust
        N/A
        Med Trust, Series 2021-MDLN, Class A
        58403YAD8
        
          
        
        165000.00000000
        PA
        USD
        162385.79000000
        0.145673393969
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-11-15
          Floating
          1.34700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac Multifamily Structured Pass-Through Ctfs.
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Multifamily Structured Pass-Through Ctfs., Series KC03, Class X1, IO
        3137FKWE2
        
          
        
        2744989.71000000
        PA
        USD
        31760.63000000
        0.028491894313
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2024-11-25
          Variable
          0.63221000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Athene Holding Ltd.
        549300H316CT32FQXI76
        Athene Holding Ltd.
        04686JAD3
        
          
        
        13000.00000000
        PA
        USD
        11918.94000000
        0.010692268346
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2051-05-25
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bayer US Finance II LLC
        529900XWNEXYNJ3X6T40
        Bayer US Finance II LLC
        07274NAE3
        
          
        
        313000.00000000
        PA
        USD
        316401.82000000
        0.283838425625
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2023-12-15
          Fixed
          3.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Prestige Auto Receivables Trust
        N/A
        Prestige Auto Receivables Trust, Series 2019-1A, Class C
        74113NAE8
        
          
        
        115000.00000000
        PA
        USD
        115135.24000000
        0.103285768885
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-10-15
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392HRF2
        
          
        
        28465.87000000
        PA
        USD
        5205.99000000
        0.004670200713
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-02-25
          Floating
          7.79343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS, IO
        31325UP26
        
          
        
        38579.66000000
        PA
        USD
        1941.79000000
        0.001741945152
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2027-12-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392F7F8
        
          
        
        4183.73000000
        PA
        USD
        686.18000000
        0.000615559831
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-18
          Floating
          7.53243000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GZL1
        
          
        
        65000.00000000
        PA
        USD
        64992.62000000
        0.058303719422
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-02-24
          Floating
          1.33419200
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31393AHE0
        
          
        
        2554.53000000
        PA
        USD
        431.70000000
        0.000387270365
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-04-25
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        L3Harris Technologies, Inc.
        549300UTE50ZMDBG8A20
        L3Harris Technologies, Inc.
        502431AJ8
        
          
        
        46000.00000000
        PA
        USD
        46673.17000000
        0.041869667790
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-06-15
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392DWM0
        
          
        
        41067.41000000
        PA
        USD
        7034.04000000
        0.006310111741
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-08-25
          Floating
          7.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Conagra Brands, Inc.
        54930035UDEIH090K650
        Conagra Brands, Inc.
        205887CB6
        
          
        
        43000.00000000
        PA
        USD
        44570.23000000
        0.039983157849
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-11-01
          Fixed
          4.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Group AG
        549300506SI9CRFV9Z86
        Credit Suisse Group AG
        225401AP3
        
          
        
        250000.00000000
        PA
        USD
        247056.90000000
        0.221630335551
        Long
        DBT
        CORP
        CH
        N
        
        2
        
          2031-04-01
          Variable
          4.19400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association
        36204NLS4
        
          
        
        123.56000000
        PA
        USD
        123.97000000
        0.000111211274
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2023-12-15
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CCG Receivables Trust
        N/A
        CCG Receivables Trust, Series 2019-2, Class C
        12510FAD6
        
          
        
        100000.00000000
        PA
        USD
        99769.45000000
        0.089501392923
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2027-03-15
          Fixed
          2.89000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal National Mortgage Association
        B1V7KEBTPIMZEU4LTD58
        Federal National Mortgage Association
        31402QYV7
        
          
        
        8654.49000000
        PA
        USD
        9481.79000000
        0.008505944579
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2035-02-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gray Oak Pipeline LLC
        N/A
        Gray Oak Pipeline LLC
        38937LAC5
        
          
        
        45000.00000000
        PA
        USD
        43232.47000000
        0.038783077229
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-10-15
          Fixed
          2.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2021-1, Class A1B
        92537QAD3
        
          
        
        78434.61000000
        PA
        USD
        75935.62000000
        0.068120489413
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-01-25
          Variable
          1.31500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Triton Container International Ltd.
        549300O4LZFLCX53XZ54
        Triton Container International Ltd.
        89680YAA3
        
          
        
        128000.00000000
        PA
        USD
        119513.20000000
        0.107213158664
        Long
        DBT
        CORP
        BM
        N
        
        2
        
          2026-04-15
          Fixed
          2.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        US Bancorp
        N1GZ7BBF3NP8GI976H15
        US Bancorp
        91159HJB7
        
          
        
        188000.00000000
        PA
        USD
        168907.55000000
        0.151523948465
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2036-11-03
          Variable
          2.49100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31395U5B3
        
          
        
        24806.45000000
        PA
        USD
        2649.01000000
        0.002376379591
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-05-15
          Floating
          6.32343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61747YED3
        
          
        
        112000.00000000
        PA
        USD
        99394.86000000
        0.089165354919
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-07-21
          Variable
          2.23900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SG Residential Mortgage Trust
        N/A
        SG Residential Mortgage Trust
        78433QAB1
        
          
        
        130000.00000000
        PA
        USD
        127764.03000000
        0.114614830997
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2062-03-27
          Variable
          3.57500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31392RNB3
        
          
        
        553.00000000
        PA
        USD
        564.55000000
        0.000506447728
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-02-15
          Floating
          1.39657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Octagon Investment Partners 31 LLC
        N/A
        Octagon Investment Partners 31 LLC, Series 2017-1A, Class AR
        67575XAN1
        
          
        
        500000.00000000
        PA
        USD
        497905.00000000
        0.446661688958
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2030-07-20
          Floating
          1.30400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cboe Global Markets, Inc.
        529900RLNSGA90UPEH54
        Cboe Global Markets, Inc.
        12503MAD0
        
          
        
        287000.00000000
        PA
        USD
        278297.02000000
        0.249655289634
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-16
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Shell International Finance B.V.
        213800ITMMKU4Z7I4F78
        Shell International Finance B.V.
        822582CK6
        
          
        
        158000.00000000
        PA
        USD
        142228.05000000
        0.127590245187
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2041-11-26
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FREMF Mortgage Trust
        5493000QSGFCHIR1BT31
        FREMF Mortgage Trust, Series 2013-K26, Class C
        30261QAM5
        
          
        
        60000.00000000
        PA
        USD
        60212.47000000
        0.054015532172
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2045-12-25
          Variable
          3.59753100
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brookfield Asset Management, Inc.
        C6J3FGIWG6MBDGTE8F80
        Brookfield Asset Management, Inc.
        112585AH7
        
          
        
        42000.00000000
        PA
        USD
        42531.42000000
        0.038154177786
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2025-01-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo Commercial Mortgage Trust
        N/A
        Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class XA, IO
        95001GAG8
        
          
        
        880083.12000000
        PA
        USD
        36737.05000000
        0.032956151877
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-12-15
          Variable
          0.87303500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31283H3D5
        
          
        
        53893.70000000
        PA
        USD
        58172.94000000
        0.052185906211
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-10-01
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Starwood Mortgage Residential Trust
        N/A
        Starwood Mortgage Residential Trust, Series 2020-1, Class A1
        85573AAA3
        
          
        
        27524.66000000
        PA
        USD
        27353.03000000
        0.024537915019
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-02-25
          Variable
          2.27500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WaMu Mortgage Pass-Through Ctfs. Trust
        N/A
        WaMu Mortgage Pass-Through Ctfs. Trust, Series 2005-AR16, Class 1A1
        92922F6W3
        
          
        
        25600.75000000
        PA
        USD
        25831.68000000
        0.023173139087
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-12-25
          Variable
          2.67076700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Magallanes, Inc.
        549300DXR29GD4N0A520
        Magallanes, Inc.
        55903VAN3
        
          
        
        305000.00000000
        PA
        USD
        311741.59000000
        0.279657816467
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2042-03-15
          Fixed
          5.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Piedmont Healthcare, Inc.
        N/A
        Piedmont Healthcare, Inc.
        72014TAE9
        
          
        
        77000.00000000
        PA
        USD
        63135.50000000
        0.056637730216
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-01-01
          Fixed
          2.86400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31397T4E9
        
          
        
        4328.88000000
        PA
        USD
        597.60000000
        0.000536096294
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2038-04-15
          Floating
          5.60343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TCZR2
        
          
        
        1005.86000000
        PA
        USD
        1068.58000000
        0.000958604046
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-03-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Holdings Finance Co. LLC
        549300D2L6J4NC1QVZ22
        Blackstone Holdings Finance Co. LLC
        09261BAB6
        
          
        
        31000.00000000
        PA
        USD
        25091.30000000
        0.022508957403
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-09-30
          Fixed
          2.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2022-3, Class A1
        92538UAA9
        
          
        
        200000.00000000
        PA
        USD
        199109.34000000
        0.178617435237
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-02-25
          Fixed
          4.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Countrywide Home Loans Mortgage Pass-Through Trust
        N/A
        Countrywide Home Loans Mortgage Pass-Through Trust, Series 2005-JA, Class A7
        126694RQ3
        
          
        
        4137.47000000
        PA
        USD
        3951.50000000
        0.003544820124
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-11-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BRAVO Residential Funding Trust
        N/A
        BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1
        10569EAA9
        
          
        
        120927.13000000
        PA
        USD
        118321.63000000
        0.106144222484
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2060-03-25
          Variable
          0.97000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ellington Financial Mortgage Trust
        N/A
        Ellington Financial Mortgage Trust, Series 2020-1, Class A1
        31574PAA3
        
          
        
        27321.33000000
        PA
        USD
        27195.23000000
        0.024396355456
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2065-05-25
          Variable
          2.00600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31283G7M3
        
          
        
        0.67000000
        PA
        USD
        0.67000000
        0.000000601045
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2022-08-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136ASXP6
        
          
        
        63986.69000000
        PA
        USD
        9997.54000000
        0.008968614699
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2046-07-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61747YEL5
        
          
        
        94000.00000000
        PA
        USD
        88259.36000000
        0.079175896614
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-01-21
          Variable
          2.94300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charles Schwab Corp. (The)
        549300VSGCJ7E698NM85
        Charles Schwab Corp. (The)
        808513BY0
        
          
        
        56000.00000000
        PA
        USD
        54459.68000000
        0.048854806938
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-03
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        First Horizon Alternative Mortgage Securities Trust
        N/A
        First Horizon Alternative Mortgage Securities Trust, Series 2005-FA8, Class 1A6
        32051GYL3
        
          
        
        61618.03000000
        PA
        USD
        29062.18000000
        0.026071162980
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-11-25
          Floating
          1.10657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Westlake Automobile Receivables Trust
        N/A
        Westlake Automobile Receivables Trust, Series 2019-3A, Class C
        96042HAJ9
        
          
        
        199269.57000000
        PA
        USD
        199581.39000000
        0.179040902867
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-10-15
          Fixed
          2.49000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dow Chemical Co. (The)
        ZQUIP1CSZO8LXRBSOU78
        Dow Chemical Co. (The)
        260543CX9
        
          
        
        31000.00000000
        PA
        USD
        31403.99000000
        0.028171958934
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-05-15
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Retail Properties, Inc.
        5493008JKH5SOTI0JS97
        National Retail Properties, Inc.
        637417AQ9
        
          
        
        60000.00000000
        PA
        USD
        52962.15000000
        0.047511399503
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-04-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Amazon.com, Inc.
        ZXTILKJKG63JELOEG630
        Amazon.com, Inc.
        023135CA2
        
          
        
        101000.00000000
        PA
        USD
        93447.35000000
        0.083829949849
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-05-12
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Norfolk Southern Corp.
        54930036C8MWP850MI84
        Norfolk Southern Corp.
        655844CM8
        
          
        
        62000.00000000
        PA
        USD
        60498.29000000
        0.054271936193
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FREMF Mortgage Trust
        N/A
        FREMF Mortgage Trust, Series 2013-K25, Class C
        30261NAG5
        
          
        
        90000.00000000
        PA
        USD
        90360.12000000
        0.081060450916
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2045-11-25
          Variable
          3.61940200
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Magallanes, Inc.
        549300DXR29GD4N0A520
        Magallanes, Inc.
        55903VAS2
        
          
        
        335000.00000000
        PA
        USD
        347086.23000000
        0.311364862184
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2062-03-15
          Fixed
          5.39100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364JZP1
        
          
        
        610.24000000
        PA
        USD
        74.23000000
        0.000066590408
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-04-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Boardwalk Pipelines L.P.
        549300W6AQ2GHHCGL606
        Boardwalk Pipelines L.P.
        096630AJ7
        
          
        
        121000.00000000
        PA
        USD
        115525.47000000
        0.103635837254
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-09-01
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GZJ6
        
          
        
        136000.00000000
        PA
        USD
        135144.31000000
        0.121235548463
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-01-24
          Floating
          0.83628600
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mizuho Financial Group, Inc.
        353800CI5L6DDAN5XZ33
        Mizuho Financial Group, Inc.
        60687YBU2
        
          
        
        200000.00000000
        PA
        USD
        175219.99000000
        0.157186725726
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2031-09-13
          Fixed
          2.56400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Homes 4 Rent L.P.
        549300N4PXZ37U8QKI55
        American Homes 4 Rent L.P.
        02666TAD9
        
          
        
        16000.00000000
        PA
        USD
        13423.39000000
        0.012041883590
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-07-15
          Fixed
          3.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dell International LLC / EMC Corp.
        N/A
        Dell International LLC / EMC Corp.
        24703DBG5
        
          
        
        78000.00000000
        PA
        USD
        63551.16000000
        0.057010611383
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-12-15
          Fixed
          3.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        S&P Global, Inc.
        Y6X4K52KMJMZE7I7MY94
        S&P Global, Inc.
        78409VBE3
        
          
        
        119000.00000000
        PA
        USD
        122754.53000000
        0.110120897956
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2062-03-01
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3137AAGA5
        
          
        
        677.96000000
        PA
        USD
        679.57000000
        0.000609630118
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2040-05-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Auto Receivables Trust
        N/A
        Drive Auto Receivables Trust, Series 2018-1, Class D
        26208GAG4
        
          
        
        4323.23000000
        PA
        USD
        4327.65000000
        0.003882257575
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-05-15
          Fixed
          3.81000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chubb INA Holdings, Inc.
        CZCBJZWDMLTHWJDXU843
        Chubb INA Holdings, Inc.
        171239AJ5
        
          
        
        69000.00000000
        PA
        USD
        59636.91000000
        0.053499207569
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-12-15
          Fixed
          3.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AmeriCredit Automobile Receivables Trust
        N/A
        AmeriCredit Automobile Receivables Trust, Series 2017-4, Class D
        03066FAH4
        
          
        
        190000.00000000
        PA
        USD
        190697.70000000
        0.171071503123
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-12-18
          Fixed
          3.08000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Athene Holding Ltd.
        549300H316CT32FQXI76
        Athene Holding Ltd.
        04686JAB7
        
          
        
        44000.00000000
        PA
        USD
        49698.20000000
        0.044583368213
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2030-04-03
          Fixed
          6.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364HVU8
        
          
        
        128.11000000
        PA
        USD
        3.47000000
        0.000003112875
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2023-05-25
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392DVZ2
        
          
        
        44735.59000000
        PA
        USD
        7930.14000000
        0.007113987057
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Floating
          7.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Airlines Pass-Through Trust
        N/A
        American Airlines Pass-Through Trust, Series 2021-1, Class B
        02376LAA3
        
          
        
        128000.00000000
        PA
        USD
        116183.59000000
        0.104226224959
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-07-11
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        US Bancorp
        N1GZ7BBF3NP8GI976H15
        US Bancorp
        902973BC9
        
          
        
        320000.00000000
        PA
        USD
        290400.00000000
        0.260512656979
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61747YEH4
        
          
        
        67000.00000000
        PA
        USD
        60551.25000000
        0.054319445664
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-10-20
          Variable
          2.51100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31359UZG3
        
          
        
        39786.13000000
        PA
        USD
        42627.78000000
        0.038240620623
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-10-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc., Series U, Pfd.
        172967MG3
        
          
        
        249000.00000000
        PA
        USD
        247132.50000000
        0.221698154962
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Equitable Holdings, Inc.
        549300FIBAKMNHPZ4009
        Equitable Holdings, Inc., Series B, Pfd.
        29452EAA9
        
          
        
        113000.00000000
        PA
        USD
        111305.00000000
        0.099849728943
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Extended Stay America Trust
        N/A
        Extended Stay America Trust, Series 2021-ESH, Class B
        30227FAE0
        
          
        
        114296.57000000
        PA
        USD
        112987.13000000
        0.101358737743
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-07-15
          Floating
          1.77700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T, Inc.
        549300Z40J86GGSTL398
        AT&T, Inc.
        00206RKD3
        
          
        
        52000.00000000
        PA
        USD
        45024.71000000
        0.040390863746
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2043-02-01
          Fixed
          3.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Chase Commercial Mortgage Securities Trust
        N/A
        JP Morgan Chase Commercial Mortgage Securities Trust, Series 2014-C20, Class AS
        46642CBN9
        
          
        
        220000.00000000
        PA
        USD
        221637.46000000
        0.198827009610
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-07-15
          Fixed
          4.04320000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MPLX L.P.
        5493000CZJ19CK4P3G36
        MPLX L.P.
        55336VBR0
        
          
        
        42000.00000000
        PA
        USD
        39410.99000000
        0.035354895726
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-03-01
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Chase Commercial Mortgage Securities Trust
        N/A
        JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-LC11, Class AS
        46639YAU1
        
          
        
        40000.00000000
        PA
        USD
        39982.32000000
        0.035867425672
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-04-15
          Fixed
          3.21600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Commonwealth Bank of Australia
        MSFSBD3QN1GSN7Q6C537
        Commonwealth Bank of Australia
        202712BN4
        
          
        
        200000.00000000
        PA
        USD
        178207.54000000
        0.159866803509
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2031-03-11
          Fixed
          2.68800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        549300RWLR7W4OBRM426
        Freddie Mac, Series 2019-HRP1, Class M2, STACR
        35564RAK0
        
          
        
        53662.39000000
        PA
        USD
        52961.25000000
        0.047510592129
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2049-02-25
          Floating
          1.85657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brunswick Corp.
        YM4O38W15AX4YLLQKU27
        Brunswick Corp.
        117043AU3
        
          
        
        137000.00000000
        PA
        USD
        135622.91000000
        0.121664891981
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-09-15
          Fixed
          4.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BPCE S.A.
        9695005MSX1OYEMGDF46
        BPCE S.A.
        05583JAK8
        
          
        
        250000.00000000
        PA
        USD
        230356.89000000
        0.206649054640
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2027-10-19
          Variable
          2.04500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Royal Bank of Canada
        ES7IP3U3RHIGC71XBU11
        Royal Bank of Canada
        78013XW20
        
          
        
        38000.00000000
        PA
        USD
        38706.71000000
        0.034723098708
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2023-10-05
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hertz Vehicle Financing LLC
        5493004IHDYOZ9K9WF47
        Hertz Vehicle Financing LLC, Series 2021-1A, Class A
        42806MAA7
        
          
        
        104000.00000000
        PA
        USD
        98609.14000000
        0.088460499531
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-12-26
          Fixed
          1.21000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Packaging Corp. of America
        549300XZP8MFZFY8TJ84
        Packaging Corp. of America
        695156AR0
        
          
        
        38000.00000000
        PA
        USD
        38517.64000000
        0.034553487386
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-09-15
          Fixed
          3.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Private Government Fund
        N/A
        Invesco Private Government Fund
        N/A
        
          
        
        2558.75000000
        NS
        USD
        2558.75000000
        0.002295408956
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2020-1, Class A2
        92536PAD6
        
          
        
        87568.35000000
        PA
        USD
        87261.69000000
        0.078280904664
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2060-01-25
          Variable
          2.64200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FA6Q8
        
          
        
        13512.14000000
        PA
        USD
        2154.87000000
        0.001933095417
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2034-05-25
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury Long Bond Future
        N/A
        
          
        
        -25.00000000
        NC
        USD
        136760.10000000
        0.122685044834
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Short
            
              
                United States Treasury Note/Bond
                U.S. Treasury Bonds
                
                  
                
              
            
            2022-06-21
            3888322.60000000
            USD
            136760.10000000
          
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCHX7
        
          
        
        30268.08000000
        PA
        USD
        5015.01000000
        0.004498875963
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2034-04-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anglo American Capital PLC
        TINT358G1SSHR3L3PW36
        Anglo American Capital PLC
        034863AS9
        
          
        
        83000.00000000
        PA
        USD
        82960.96000000
        0.074422796539
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2024-09-11
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2021-R1, Class A1
        92538BAA1
        
          
        
        145800.25000000
        PA
        USD
        142607.63000000
        0.127930759631
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2063-10-25
          Variable
          0.82000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Residential Mortgage Loan Trust
        N/A
        Residential Mortgage Loan Trust, Series 2020-1, Class A1
        76119CAA9
        
          
        
        52023.23000000
        PA
        USD
        50743.65000000
        0.045521222749
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2060-01-26
          Variable
          2.37600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Chase Commercial Mortgage Securities Trust
        N/A
        JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class AS
        46639JAH3
        
          
        
        315000.00000000
        PA
        USD
        316804.13000000
        0.284199330745
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-12-15
          Fixed
          3.37150000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM Mortgage Trust, Series 2012-CR5, Class XA, IO
        12623SAF7
        
          
        
        1787327.24000000
        PA
        USD
        8711.97000000
        0.007815352796
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2045-12-10
          Variable
          1.49316800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo & Co.
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co., Series BB
        949746TD3
        
          
        
        110000.00000000
        PA
        USD
        105509.25000000
        0.094650465060
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FactSet Research Systems, Inc.
        549300ZSJE7NBK6K9P30
        FactSet Research Systems, Inc.
        303075AB1
        
          
        
        130000.00000000
        PA
        USD
        125756.98000000
        0.112814342264
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-01
          Fixed
          3.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominion Energy, Inc.
        ILUL7B6Z54MRYCF6H308
        Dominion Energy, Inc., Series C
        25746UDG1
        
          
        
        33000.00000000
        PA
        USD
        32598.16000000
        0.029243227528
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-04-01
          Fixed
          3.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Auto Receivables Trust
        N/A
        Drive Auto Receivables Trust, Series 2018-2, Class D
        26208JAG8
        
          
        
        47089.46000000
        PA
        USD
        47394.61000000
        0.042516858738
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-08-15
          Fixed
          4.14000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WFRBS Commercial Mortgage Trust
        549300QGM7D5K3CV2643
        WFRBS Commercial Mortgage Trust, Series 2014-LC14, Class AS
        96221TAG2
        
          
        
        145000.00000000
        PA
        USD
        146759.72000000
        0.131655525464
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-03-15
          Variable
          4.35100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WPP Finance 2010
        549300OJB3S151W7KN44
        WPP Finance 2010
        92936MAF4
        
          
        
        49000.00000000
        PA
        USD
        49547.18000000
        0.044447890866
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2024-09-19
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CK Hutchison International 21 Ltd.
        254900E16YL0NL5TFN79
        CK Hutchison International 21 Ltd.
        12565WAA9
        
          
        
        339000.00000000
        PA
        USD
        317098.52000000
        0.284463422760
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2026-04-15
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        salesforce.com, inc.
        RCGZFPDMRW58VJ54VR07
        salesforce.com, inc.
        79466LAM6
        
          
        
        82000.00000000
        PA
        USD
        72353.97000000
        0.064907455123
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-07-15
          Fixed
          3.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The), Series V
        38141GYU2
        
          
        
        109000.00000000
        PA
        USD
        102351.00000000
        0.091817255353
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        General Motors Financial Co., Inc.
        5493008B6JBRUJ90QL97
        General Motors Financial Co., Inc.
        37045XCL8
        
          
        
        45000.00000000
        PA
        USD
        45681.65000000
        0.040980192895
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-06-19
          Fixed
          4.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BPCE S.A.
        9695005MSX1OYEMGDF46
        BPCE S.A.
        05578QAD5
        
          
        
        185000.00000000
        PA
        USD
        187249.89000000
        0.167978534308
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2025-03-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac Multifamily Structured Pass-Through Ctfs.
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Multifamily Structured Pass-Through Ctfs., Series KC02, Class X1, IO
        3137FHQ30
        
          
        
        4118300.29000000
        PA
        USD
        24819.76000000
        0.022265363716
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2024-03-25
          Variable
          1.90613000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac Multifamily Structured Pass-Through Ctfs.
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K735, Class X1, IO
        3137FMU83
        
          
        
        2036559.50000000
        PA
        USD
        68405.18000000
        0.061365066091
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-05-25
          Variable
          1.10250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New Residential Mortgage Loan Trust
        N/A
        New Residential Mortgage Loan Trust, Series 2022-NQM2, Class A1
        64831MAA0
        
          
        
        168000.00000000
        PA
        USD
        166294.31000000
        0.149179657502
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2062-03-27
          Variable
          3.07900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CEA5
        
          
        
        2208000.00000000
        PA
        USD
        2176001.24000000
        1.952051875427
        Long
        DBT
        UST
        US
        N
        
        2
        
          2024-02-29
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXR0
        
          
        
        56000.00000000
        PA
        USD
        48590.25000000
        0.043589446042
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-01-27
          Variable
          1.99200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VGC2
        
          
        
        58000.00000000
        PA
        USD
        54037.38000000
        0.048475969146
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-03-22
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31359UT21
        
          
        
        20958.59000000
        PA
        USD
        22339.63000000
        0.020040483358
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-11-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CEB3
        
          
        
        161300.00000000
        PA
        USD
        155742.71000000
        0.139714005466
        Long
        DBT
        UST
        US
        N
        
        2
        
          2029-02-28
          Fixed
          1.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kimco Realty Corp.
        549300EA7I6T15IBYS12
        Kimco Realty Corp.
        49446RAX7
        
          
        
        55000.00000000
        PA
        USD
        49970.73000000
        0.044827850012
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-03-01
          Fixed
          1.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association, IO
        38380HHZ8
        
          
        
        131643.77000000
        PA
        USD
        20914.65000000
        0.018762159233
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2047-09-16
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Texas (State of) Transportation Commission (Central Texas Turnpike System)
        N/A
        Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2020 C, Ref. RB
        88283KBL1
        
          
        
        280000.00000000
        PA
        USD
        243639.48000000
        0.218564629063
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-08-15
          Fixed
          3.02900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Benchmark Mortgage Trust
        N/A
        Benchmark Mortgage Trust, Series 2018-B1, Class XA, IO
        08162PAY7
        
          
        
        1717804.97000000
        PA
        USD
        39029.73000000
        0.035012874185
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-01-15
          Variable
          0.49240300
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OBX Trust
        N/A
        OBX Trust
        67448DAL4
        
          
        
        164726.15000000
        PA
        USD
        162623.39000000
        0.145886540688
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2062-01-25
          Variable
          2.78300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        6174467X1
        
          
        
        48000.00000000
        PA
        USD
        50643.39000000
        0.045431281292
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-11-24
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3133TENT7
        
          
        
        96.52000000
        PA
        USD
        3.20000000
        0.000002870662
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-07-17
          Floating
          8.25857000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal National Mortgage Association
        B1V7KEBTPIMZEU4LTD58
        Federal National Mortgage Association
        31412XSW5
        
          
        
        10.96000000
        PA
        USD
        11.17000000
        0.000010020407
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2022-07-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GKL2
        
          
        
        52000.00000000
        PA
        USD
        49868.81000000
        0.044736419399
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2037-03-08
          Variable
          3.84600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal National Mortgage Association
        B1V7KEBTPIMZEU4LTD58
        Federal National Mortgage Association
        31391AKD0
        
          
        
        1033.66000000
        PA
        USD
        1036.76000000
        0.000930058892
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2032-07-01
          Fixed
          8.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392EWW6
        
          
        
        6100.37000000
        PA
        USD
        787.30000000
        0.000706272778
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-08-25
          Floating
          6.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136AXQT5
        
          
        
        34254.14000000
        PA
        USD
        4740.42000000
        0.004252546175
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2047-08-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31283GY84
        
          
        
        146.83000000
        PA
        USD
        148.32000000
        0.000133055224
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2025-05-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Office Properties Income Trust
        N/A
        Office Properties Income Trust
        81618TAC4
        
          
        
        72000.00000000
        PA
        USD
        71929.03000000
        0.064526249033
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-02-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WaMu Mortgage Pass-Through Ctfs. Trust
        N/A
        WaMu Mortgage Pass-Through Ctfs. Trust, Series 2003-AR10, Class A7
        92922FEB0
        
          
        
        24678.88000000
        PA
        USD
        24672.06000000
        0.022132864682
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2033-10-25
          Variable
          2.49426800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sonic Capital LLC
        N/A
        Sonic Capital LLC, Series 2021-1A, Class A2II
        83546DAQ1
        
          
        
        119400.00000000
        PA
        USD
        102056.36000000
        0.091552939067
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2051-08-20
          Fixed
          2.63600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nissan Motor Acceptance Co. LLC
        7D6DIU2QXTUJRFNNJA49
        Nissan Motor Acceptance Co. LLC
        65480CAC9
        
          
        
        101000.00000000
        PA
        USD
        90583.09000000
        0.081260473324
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-09-16
          Fixed
          1.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MHP Commercial Mortgage Trust
        N/A
        MHP?Commercial Mortgage Trust, Series 2021-STOR, Class A
        55293BAB1
        
          
        
        125000.00000000
        PA
        USD
        122789.01000000
        0.110151829349
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-07-15
          Floating
          1.09700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Rural Utilities Cooperative Finance Corp.
        4NYF266XZC35SCTGX023
        National Rural Utilities Cooperative Finance Corp.
        637432NY7
        
          
        
        122000.00000000
        PA
        USD
        115433.82000000
        0.103553619674
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-15
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392B3D6
        
          
        
        2824.24000000
        PA
        USD
        431.03000000
        0.000386669320
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-01-25
          Floating
          6.79343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Agricole S.A.
        969500TJ5KRTCJQWXH05
        Credit Agricole S.A.
        225313AD7
        
          
        
        200000.00000000
        PA
        USD
        211375.00000000
        0.189620739907
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          N/A
          Variable
          7.87500000
          N
          N
          N
          N
          Y
          
            
              Credit Agricole S.A.
              Credit Agricole S.A.
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Imperial Brands Finance PLC
        2138008L3B3MCG1DFS50
        Imperial Brands Finance PLC
        453140AE5
        
          
        
        308000.00000000
        PA
        USD
        308746.39000000
        0.276970876005
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2022-07-21
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GA Global Funding Trust
        54930029I8ROQ4OROZ88
        GA Global Funding Trust
        36143L2G9
        
          
        
        198000.00000000
        PA
        USD
        185136.36000000
        0.166082524267
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-06
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Athene Holding Ltd.
        549300H316CT32FQXI76
        Athene Holding Ltd.
        04686JAE1
        
          
        
        122000.00000000
        PA
        USD
        103309.12000000
        0.092676767704
        Long
        DBT
        CORP
        BM
        
        N
        
        2
        
          2052-05-15
          Fixed
          3.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31397TEH1
        
          
        
        148313.10000000
        PA
        USD
        19895.76000000
        0.017848131199
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2038-05-15
          Floating
          5.67343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association, IO
        38377VGZ3
        
          
        
        183584.50000000
        PA
        USD
        20817.75000000
        0.018675231972
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2041-04-16
          Floating
          6.21943000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group, Series C
        78486QAJ0
        
          
        
        348000.00000000
        PA
        USD
        322335.00000000
        0.289160975508
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        El Paso Natural Gas Co. LLC
        72Y8LZSMBPXBNCHM7925
        El Paso Natural Gas Co. LLC
        283695BK9
        
          
        
        49000.00000000
        PA
        USD
        63738.38000000
        0.057178563103
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-06-15
          Fixed
          8.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vontier Corp.
        549300VVSQLG4P5K4639
        Vontier Corp.
        928881AD3
        
          
        
        97000.00000000
        PA
        USD
        85497.74000000
        0.076698496601
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-04-01
          Fixed
          2.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Star Trust
        N/A
        Star Trust, Series 2021-1, Class A1
        85573GAA0
        
          
        
        189982.83000000
        PA
        USD
        186492.12000000
        0.167298752365
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2065-05-25
          Variable
          1.21900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136A1QW8
        
          
        
        25220.93000000
        PA
        USD
        3201.42000000
        0.002871936743
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2041-10-25
          Floating
          6.09343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Castle International Corp.
        54930012H97VSM0I2R19
        Crown Castle International Corp.
        22822VAY7
        
          
        
        105000.00000000
        PA
        USD
        93841.31000000
        0.084183364333
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-07-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TCV70
        
          
        
        384.47000000
        PA
        USD
        410.82000000
        0.000368539289
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-02-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Canadian Natural Resources Ltd.
        549300T15RIMIKZC5Q38
        Canadian Natural Resources Ltd.
        136385AZ4
        
          
        
        65000.00000000
        PA
        USD
        62401.85000000
        0.055979585895
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2025-07-15
          Fixed
          2.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392EGP9
        
          
        
        68034.41000000
        PA
        USD
        11492.26000000
        0.010309501333
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-09-25
          Floating
          7.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alexandria Real Estate Equities, Inc.
        MGCJBT4MKTQBVLNUIS88
        Alexandria Real Estate Equities, Inc.
        015271AY5
        
          
        
        66000.00000000
        PA
        USD
        62191.78000000
        0.055791135847
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2034-03-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS, IO
        31325UP42
        
          
        
        22349.14000000
        PA
        USD
        1133.76000000
        0.001017075860
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2027-12-15
          Variable
          3.27014200
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CI Financial Corp.
        549300M9W7JJQSVCEM78
        CI Financial Corp.
        125491AN0
        
          
        
        76000.00000000
        PA
        USD
        69371.95000000
        0.062232338203
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2030-12-17
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mayo Clinic
        5493001OHMD58DCY4635
        Mayo Clinic, Series 2021
        578454AF7
        
          
        
        131000.00000000
        PA
        USD
        118285.94000000
        0.106112205622
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-11-15
          Fixed
          3.19600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Retail Auto Lease Trust
        N/A
        Santander Retail Auto Lease Trust, Series 2019-B, Class C
        80281GAG1
        
          
        
        115000.00000000
        PA
        USD
        115175.98000000
        0.103322316012
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-08-21
          Fixed
          2.77000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Advance Auto Parts, Inc.
        529900UCNQ5H9FSL0Y70
        Advance Auto Parts, Inc.
        00751YAF3
        
          
        
        136000.00000000
        PA
        USD
        122701.71000000
        0.110073514077
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-01
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AmeriCredit Automobile Receivables Trust
        N/A
        AmeriCredit Automobile Receivables Trust, Series 2019-2, Class D
        03066KAH3
        
          
        
        280000.00000000
        PA
        USD
        279203.51000000
        0.250468485634
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-06-18
          Fixed
          2.99000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2020-1, Class A1
        92536PAA2
        
          
        
        69935.07000000
        PA
        USD
        69737.31000000
        0.062560096138
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2060-01-25
          Variable
          2.41700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Trust
        N/A
        BX Trust
        12433EAJ0
        
          
        
        100000.00000000
        PA
        USD
        98653.44000000
        0.088500240270
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2039-01-15
          Floating
          1.90116000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        N/A
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        161175BZ6
        
          
        
        61000.00000000
        PA
        USD
        50850.82000000
        0.045617363043
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-06-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Assured Guaranty US Holdings, Inc.
        5493007YCE0652G9TZ64
        Assured Guaranty US Holdings, Inc.
        04621WAE0
        
          
        
        35000.00000000
        PA
        USD
        30346.25000000
        0.027223079259
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-09-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Reliance Standard Life Global Funding II
        N/A
        Reliance Standard Life Global Funding II
        75951AAN8
        
          
        
        57000.00000000
        PA
        USD
        55004.39000000
        0.049343456558
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-21
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WFRBS Commercial Mortgage Trust
        549300UVB571ELWL8972
        WFRBS Commercial Mortgage Trust, Series 2014-C20, Class AS
        92890FBB1
        
          
        
        130000.00000000
        PA
        USD
        130633.69000000
        0.117189151766
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-05-15
          Fixed
          4.17600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley Capital I Trust
        N/A
        Morgan Stanley Capital I Trust, Series 2017-HR2, Class XA, IO
        61691NAF2
        
          
        
        670520.85000000
        PA
        USD
        23274.32000000
        0.020878977075
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-12-15
          Variable
          0.77711500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Life Storage L.P.
        X0MIGH67XZCB7HL1A534
        Life Storage L.P.
        53227JAD6
        
          
        
        85000.00000000
        PA
        USD
        75052.78000000
        0.067328509406
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-10-15
          Fixed
          2.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Chase Commercial Mortgage Securities Trust
        N/A
        JP Morgan Chase Commercial Mortgage Securities Trust, Series 2013-C16, Class AS
        46641BAH6
        
          
        
        300000.00000000
        PA
        USD
        305339.58000000
        0.273914687558
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-12-15
          Fixed
          4.51690000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T, Inc.
        549300Z40J86GGSTL398
        AT&T, Inc.
        00206RMM1
        
          
        
        195000.00000000
        PA
        USD
        173635.80000000
        0.155765577151
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-12-01
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charles Schwab Corp. (The)
        549300VSGCJ7E698NM85
        Charles Schwab Corp. (The), Series H, Pfd.
        808513BJ3
        
          
        
        124000.00000000
        PA
        USD
        111521.88000000
        0.100044288120
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Angel Oak Mortgage Trust
        N/A
        Angel Oak Mortgage Trust, Series 2022-1, Class A1
        03464BAA6
        
          
        
        307162.01000000
        PA
        USD
        299888.87000000
        0.269024952900
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-12-25
          Variable
          2.88100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Scentre Group Trust 2
        549300VRF0U0JH8TBJ74
        Scentre Group Trust 2
        76025LAA2
        
          
        
        166000.00000000
        PA
        USD
        163095.00000000
        0.146309613602
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2080-09-24
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T, Inc.
        549300Z40J86GGSTL398
        AT&T, Inc.
        00206RGQ9
        
          
        
        34000.00000000
        PA
        USD
        35962.46000000
        0.032261281012
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-15
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FREMF Mortgage Trust
        N/A
        FREMF Mortgage Trust, Series 2013-K28, Class C
        30291HAG2
        
          
        
        285000.00000000
        PA
        USD
        286014.89000000
        0.256578853063
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2046-06-25
          Variable
          3.48952300
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Roche Holdings, Inc.
        PVJRP0EQNV6OGDPZGY95
        Roche Holdings, Inc.
        771196BV3
        
          
        
        300000.00000000
        PA
        USD
        291515.44000000
        0.261513298295
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2027-03-10
          Fixed
          2.31400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Tower Corp.
        5493006ORUSIL88JOE18
        American Tower Corp.
        03027XAG5
        
          
        
        23000.00000000
        PA
        USD
        23329.76000000
        0.020928711309
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-06-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Intercontinental Exchange, Inc.
        5493000F4ZO33MV32P92
        Intercontinental Exchange, Inc.
        45866FAQ7
        
          
        
        34000.00000000
        PA
        USD
        28973.59000000
        0.025991690472
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2060-09-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BMW US Capital LLC
        KK5MZM9DIXLXZL9DZL15
        BMW US Capital LLC
        05565EBY0
        
          
        
        77000.00000000
        PA
        USD
        77126.10000000
        0.069188447773
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2025-04-01
          Floating
          1.11009000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sealed Air Corp.
        Q0M0CZB4YN6JZ65WXI09
        Sealed Air Corp.
        81211KAZ3
        
          
        
        65000.00000000
        PA
        USD
        59313.14000000
        0.053208759281
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-15
          Fixed
          1.57300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Mortgage Capital Trust
        N/A
        Credit Suisse Mortgage Capital Trust, Series 2021-NQM2, Class A1
        12662EAA1
        
          
        
        74968.81000000
        PA
        USD
        72535.36000000
        0.065070176854
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-02-25
          Variable
          1.17900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394CXB3
        
          
        
        35093.15000000
        PA
        USD
        4122.99000000
        0.003698660742
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-03-25
          Floating
          5.59343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Flagstar Mortgage Trust
        N/A
        Flagstar Mortgage Trust, Series 2021-8INV, Class A6
        33852HAD4
        
          
        
        91127.49000000
        PA
        USD
        87453.25000000
        0.078452749721
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-09-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        N/A
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        161175BP8
        
          
        
        103000.00000000
        PA
        USD
        105035.12000000
        0.094225131499
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-02-01
          Floating
          1.96657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FBL4
        
          
        
        96000.00000000
        PA
        USD
        89109.27000000
        0.079938335706
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2034-04-15
          Fixed
          3.46900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCHZ2
        
          
        
        17145.38000000
        PA
        USD
        2822.50000000
        0.002532014374
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2034-04-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        M.D.C. Holdings, Inc.
        5299005FV4VNV75R8R35
        M.D.C. Holdings, Inc.
        552676AV0
        
          
        
        152000.00000000
        PA
        USD
        117941.18000000
        0.105802927579
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-08-06
          Fixed
          3.96600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OBX Trust
        N/A
        OBX Trust
        67448DAA8
        
          
        
        257509.36000000
        PA
        USD
        252709.51000000
        0.226701191095
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2062-01-25
          Variable
          2.93300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31393VKX8
        
          
        
        9782.30000000
        PA
        USD
        9843.12000000
        0.008830087273
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-05-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DXC Technology Co.
        549300DOVZ3EDJB7O259
        DXC Technology Co.
        23355LAM8
        
          
        
        110000.00000000
        PA
        USD
        99595.69000000
        0.089345515928
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-15
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280DB2
        
          
        
        254000.00000000
        PA
        USD
        254773.59000000
        0.228552840424
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2026-03-10
          Floating
          1.66876700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Angel Oak Mortgage Trust
        N/A
        Angel Oak Mortgage Trust, Series 2020-1, Class A1
        03464RAA1
        
          
        
        48320.50000000
        PA
        USD
        48269.38000000
        0.043301599292
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2059-12-25
          Variable
          2.15613000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SMBC Aviation Capital Finance DAC
        549300OD7VKRVNWB2J98
        SMBC Aviation Capital Finance DAC
        78448TAG7
        
          
        
        205000.00000000
        PA
        USD
        183479.05000000
        0.164595781045
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2026-10-15
          Fixed
          1.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OCP CLO Ltd.
        254900K70GBA8CMARX66
        OCP CLO Ltd., Series 2020-8RA, Class A1
        670898AC9
        
          
        
        433000.00000000
        PA
        USD
        431504.42000000
        0.387094913749
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2032-01-17
          Floating
          1.46129000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 10 Year Note Future
        N/A
        
          
        
        59.00000000
        NC
        USD
        -213343.75000000
        -0.19138687039
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Long
            
              
                United States Treasury Note/Bond
                U.S. Treasury Notes
                
                  
                
              
            
            2022-06-21
            7462968.75000000
            USD
            -213343.75000000
          
        
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Financial Group, Inc.
        35380028MYWPB6AUO129
        Sumitomo Mitsui Financial Group, Inc.
        86562MBZ2
        
          
        
        107000.00000000
        PA
        USD
        93965.24000000
        0.084294539725
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2030-09-23
          Fixed
          2.14200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Mortgage Loan Trust, Inc.
        N/A
        Citigroup Mortgage Loan Trust, Inc., Series 2021-INV3, Class A3
        17329VBA6
        
          
        
        251064.53000000
        PA
        USD
        233714.01000000
        0.209660667074
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-05-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Agree L.P.
        549300DXY3G299V1BO77
        Agree L.P.
        008513AB9
        
          
        
        34000.00000000
        PA
        USD
        30867.52000000
        0.027690701272
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-15
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Commercial Mortgage Trust
        N/A
        BX Commercial Mortgage Trust, Series 2021-VOLT, Class A
        05609VAA3
        
          
        
        250000.00000000
        PA
        USD
        243904.25000000
        0.218802149504
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-09-15
          Floating
          1.09657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM Mortgage Trust, Series 2014-CR20, Class ASB
        12592LBG6
        
          
        
        34094.84000000
        PA
        USD
        34337.85000000
        0.030803872377
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-11-10
          Fixed
          3.30500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cox Communications, Inc.
        5493001NEDZNIFRP2R92
        Cox Communications, Inc.
        224044CN5
        
          
        
        72000.00000000
        PA
        USD
        65172.74000000
        0.058465301859
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-06-15
          Fixed
          2.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Neuberger Berman Loan Advisers CLO 24 Ltd.
        549300E610NX15ZSSH14
        Neuberger Berman Loan Advisers CLO 24 Ltd., Series 2017-24A, Class AR
        64130HAL5
        
          
        
        293000.00000000
        PA
        USD
        292072.95000000
        0.262013430566
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2030-04-19
          Floating
          1.26800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Onslow Bay Mortgage Loan Trust
        N/A
        Onslow Bay Mortgage Loan Trust, Series 2021-NQM4, Class A1
        67115DAA0
        
          
        
        260854.45000000
        PA
        USD
        246393.31000000
        0.221035040806
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2061-10-25
          Variable
          1.95700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAXN5
        
          
        
        52031.64000000
        PA
        USD
        9086.37000000
        0.008151220354
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-02-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley Bank of America Merrill Lynch Trust
        549300PFVBG5704L7K74
        Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C9, Class AS
        61762DAY7
        
          
        
        225000.00000000
        PA
        USD
        225364.19000000
        0.202170192579
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-05-15
          Fixed
          3.45600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Drive Auto Receivables Trust
        N/A
        Santander Drive Auto Receivables Trust, Series 2019-2, Class D
        80286GAG6
        
          
        
        195000.00000000
        PA
        USD
        195826.35000000
        0.175672323502
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-07-15
          Fixed
          3.22000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31393BGX7
        
          
        
        49022.32000000
        PA
        USD
        9930.16000000
        0.008908169303
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-05-25
          Floating
          7.79343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pernod Ricard S.A.
        52990097YFPX9J0H5D87
        Pernod Ricard S.A.
        714264AH1
        
          
        
        307000.00000000
        PA
        USD
        309215.04000000
        0.277391293555
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2022-07-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS, IO
        31282YCU1
        
          
        
        1883.89000000
        PA
        USD
        290.79000000
        0.000260862519
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-09-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GKD0
        
          
        
        89000.00000000
        PA
        USD
        81010.59000000
        0.072673154422
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-10-20
          Variable
          2.57200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fidelity National Financial, Inc.
        549300CAZYIH39SYQ287
        Fidelity National Financial, Inc.
        31620RAL9
        
          
        
        34000.00000000
        PA
        USD
        26878.77000000
        0.024112464838
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-09-17
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Life Mortgage Trust
        N/A
        Life Mortgage Trust, Series 2021-BMR, Class C
        53218CAE0
        
          
        
        108126.72000000
        PA
        USD
        104666.36000000
        0.093894323484
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-03-15
          Floating
          1.49700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Energy Transfer L.P.
        MTLVN9N7JE8MIBIJ1H73
        Energy Transfer L.P.
        29278NAL7
        
          
        
        34000.00000000
        PA
        USD
        34383.31000000
        0.030844653732
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-03-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brixmor Operating Partnership L.P.
        549300CJHBL7JBUA6503
        Brixmor Operating Partnership L.P.
        11120VAH6
        
          
        
        21000.00000000
        PA
        USD
        21566.46000000
        0.019346886350
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-05-15
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association
        36206VKB2
        
          
        
        628.74000000
        PA
        USD
        653.34000000
        0.000586099653
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2026-03-15
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYM0
        
          
        
        88000.00000000
        PA
        USD
        81905.70000000
        0.073476141628
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-21
          Variable
          1.94800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Angel Oak Mortgage Trust 2021-7
        N/A
        Angel Oak Mortgage Trust 2021-7, Series 2021-7, Class A1
        03464JAA9
        
          
        
        187617.90000000
        PA
        USD
        179869.00000000
        0.161357269622
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-10-25
          Variable
          1.97800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VGJ7
        
          
        
        36000.00000000
        PA
        USD
        33495.99000000
        0.030048654797
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-21
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GS Mortgage Securities Trust
        N/A
        GS Mortgage Securities Trust, Series 2013-GC16, Class AS
        36248GAH3
        
          
        
        45000.00000000
        PA
        USD
        45769.36000000
        0.041058875970
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-11-10
          Fixed
          4.64900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS, IO
        31282YW70
        
          
        
        22674.06000000
        PA
        USD
        3192.44000000
        0.002863880945
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31292GNA0
        
          
        
        953.44000000
        PA
        USD
        1006.05000000
        0.000902509499
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2025-01-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Motel Trust
        N/A
        Motel Trust, Series 2021-MTL6, Class A
        61977KAA4
        
          
        
        84100.18000000
        PA
        USD
        82935.81000000
        0.074400234923
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-09-15
          Floating
          1.29657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sun Communities Operating L.P.
        549300PUNBPJCGT6X741
        Sun Communities Operating L.P.
        866677AE7
        
          
        
        19000.00000000
        PA
        USD
        17172.26000000
        0.015404927957
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-07-15
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Delta Air Lines, Inc./SkyMiles IP Ltd.
        2549008L7P4I8VB90936
        Delta Air Lines, Inc./SkyMiles IP Ltd.
        830867AA5
        
          
        
        89562.00000000
        PA
        USD
        90152.80000000
        0.080874467844
        Long
        DBT
        CORP
        XX
        
        N
        
        2
        
          2025-10-20
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP Capital Markets America, Inc.
        5493009NTB34VXE1T760
        BP Capital Markets America, Inc.
        10373QBS8
        
          
        
        58000.00000000
        PA
        USD
        50232.08000000
        0.045062302432
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-17
          Fixed
          3.00100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Expedia Group, Inc.
        CI7MUJI4USF3V0NJ1H64
        Expedia Group, Inc.
        30212PAR6
        
          
        
        334000.00000000
        PA
        USD
        318372.75000000
        0.285606511751
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Providence St. Joseph Health Obligated Group
        N/A
        Providence St. Joseph Health Obligated Group, Series 21-A
        743820AB8
        
          
        
        205000.00000000
        PA
        USD
        162666.62000000
        0.145925321550
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-10-01
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Agree L.P.
        549300DXY3G299V1BO77
        Agree L.P.
        008513AC7
        
          
        
        48000.00000000
        PA
        USD
        42377.51000000
        0.038016107872
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-06-15
          Fixed
          2.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal National Mortgage Association
        B1V7KEBTPIMZEU4LTD58
        Federal National Mortgage Association
        31410KQD9
        
          
        
        2914.60000000
        PA
        USD
        3132.66000000
        0.002810253374
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-01-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MFA Trust
        N/A
        MFA Trust
        55284FAC1
        
          
        
        173213.91000000
        PA
        USD
        161243.48000000
        0.144648648056
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-08-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Workday, Inc.
        549300J0DYC0N31V7G13
        Workday, Inc.
        98138HAJ0
        
          
        
        207000.00000000
        PA
        USD
        206861.85000000
        0.185572073592
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-01
          Fixed
          3.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXW9
        
          
        
        205000.00000000
        PA
        USD
        203239.52000000
        0.182322546000
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-03-08
          Floating
          0.82177700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley Re-REMIC Trust
        N/A
        Morgan Stanley Re-REMIC Trust, Series 2012-R3, Class 1B
        61761KAB2
        
          
        
        241091.39000000
        PA
        USD
        231869.19000000
        0.208005711978
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-11-26
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo & Co.
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co.
        95000U2A0
        
          
        
        41000.00000000
        PA
        USD
        40985.45000000
        0.036767315692
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-05-22
          Variable
          3.58400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TNPR9
        
          
        
        518.96000000
        PA
        USD
        582.72000000
        0.000522747711
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2030-03-15
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Connecticut Avenue Securities
        N/A
        Fannie Mae Connecticut Avenue Securities, Series 2022-R03, Class 1M1
        20753XAA2
        
          
        
        310000.00000000
        PA
        USD
        311061.69000000
        0.279047890311
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2042-03-25
          Floating
          2.19900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GKK4
        
          
        
        115000.00000000
        PA
        USD
        107877.69000000
        0.096775150312
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-02-04
          Variable
          2.97200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364HVW4
        
          
        
        15067.63000000
        PA
        USD
        464.16000000
        0.000416389651
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2023-06-25
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        3136A0ML8
        
          
        
        12.08000000
        PA
        USD
        12.15000000
        0.000010899548
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-08-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fresenius Medical Care US Finance III, Inc.
        5299006ZHLMXOOUVTU44
        Fresenius Medical Care US Finance III, Inc.
        35805BAC2
        
          
        
        150000.00000000
        PA
        USD
        139004.23000000
        0.124698213804
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2026-12-01
          Fixed
          1.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3133TJPC1
        
          
        
        24058.41000000
        PA
        USD
        2014.87000000
        0.001807503915
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-03-15
          Floating
          7.25343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Group AG
        549300506SI9CRFV9Z86
        Credit Suisse Group AG
        225401AN8
        
          
        
        201000.00000000
        PA
        USD
        185422.50000000
        0.166339215354
        Long
        DBT
        CORP
        CH
        N
        
        2
        
          N/A
          Variable
          5.10000000
          N
          N
          N
          N
          Y
          
            
              Credit Suisse Group AG
              Credit Suisse Group AG
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCZR0
        
          
        
        55451.46000000
        PA
        USD
        10740.13000000
        0.009634778934
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2036-03-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mitsubishi UFJ Financial Group, Inc.
        353800V2V8PUY9TK3E06
        Mitsubishi UFJ Financial Group, Inc.
        606822CB8
        
          
        
        211000.00000000
        PA
        USD
        190192.46000000
        0.170618261336
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2032-10-13
          Variable
          2.49400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Williams Cos., Inc. (The)
        D71FAKCBLFS2O0RBPG08
        Williams Cos., Inc. (The)
        969457BY5
        
          
        
        173000.00000000
        PA
        USD
        159562.52000000
        0.143140688841
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-15
          Fixed
          2.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        First American Financial Corp.
        549300B6VEZK3N0A1P55
        First American Financial Corp.
        31847RAH5
        
          
        
        74000.00000000
        PA
        USD
        64895.26000000
        0.058216379504
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-08-15
          Fixed
          2.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Angel Oak Mortgage Trust
        N/A
        Angel Oak Mortgage Trust, Series 2020-3, Class A1
        03465LAA3
        
          
        
        146877.40000000
        PA
        USD
        145164.88000000
        0.130224822964
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2065-04-25
          Variable
          1.69100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31395D7F0
        
          
        
        19180.74000000
        PA
        USD
        26375.96000000
        0.023661402961
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2036-06-25
          Floating
          22.52516400
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Bancorp
        N1GZ7BBF3NP8GI976H15
        U.S. Bancorp
        91159HJA9
        
          
        
        35000.00000000
        PA
        USD
        30336.81000000
        0.027214610803
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-07-22
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MHP Commercial Mortgage Trust
        N/A
        MHP?Commercial Mortgage Trust, Series 2021-STOR, Class B
        55293BAD7
        
          
        
        105000.00000000
        PA
        USD
        103098.70000000
        0.092488003678
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-07-15
          Floating
          1.29700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMSR Trust
        N/A
        AMSR Trust, Series 2021-SFR3, Class B
        00180UAB1
        
          
        
        280000.00000000
        PA
        USD
        257071.02000000
        0.230613823873
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-10-17
          Fixed
          1.72600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae or Freddie Mac
        N/A
        Fannie Mae or Freddie Mac
        01F020646
        
          
        
        10868583.00000000
        PA
        USD
        10090375.50000000
        9.051895769389
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2052-04-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UBS Group AG
        549300SZJ9VS8SGXAN81
        UBS Group AG
        90351DAF4
        
          
        
        153000.00000000
        PA
        USD
        155968.57000000
        0.139916620441
        Long
        DBT
        CORP
        CH
        N
        
        2
        
          2026-04-15
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nordea Bank Abp
        529900ODI3047E2LIV03
        Nordea Bank Abp
        65559CAD3
        
          
        
        210000.00000000
        PA
        USD
        180774.30000000
        0.162169398094
        Long
        DBT
        CORP
        FI
        N
        
        2
        
          N/A
          Variable
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ford Credit Floorplan Master Owner Trust
        5493001DTG5N7T8BG747
        Ford Credit Floorplan Master Owner Trust, Series 2019-3, Class A2
        34528QHB3
        
          
        
        560000.00000000
        PA
        USD
        560514.19000000
        0.502827275867
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-09-15
          Floating
          0.99657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo & Co.
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co.
        95000U2V4
        
          
        
        100000.00000000
        PA
        USD
        99879.16000000
        0.089599811806
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-03-24
          Variable
          3.52600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Berry Global, Inc.
        549300AP2Q7ERHX6RI89
        Berry Global, Inc.
        08576PAF8
        
          
        
        312000.00000000
        PA
        USD
        284700.08000000
        0.255399360479
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          1.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Progress Residential Trust
        N/A
        Progress Residential Trust, Series 2020-SFR1, Class A
        74331CAA6
        
          
        
        395000.00000000
        PA
        USD
        375614.62000000
        0.336957171682
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2037-04-17
          Fixed
          1.73200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Private Prime Fund
        N/A
        Invesco Private Prime Fund
        N/A
        
          
        
        6190.90000000
        NS
        USD
        6190.28000000
        0.005553189704
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392ERQ5
        
          
        
        981.23000000
        PA
        USD
        176.54000000
        0.000158370883
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-07-25
          Floating
          7.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PNC Financial Services Group, Inc. (The)
        CFGNEKW0P8842LEUIA51
        PNC Financial Services Group, Inc. (The), Series O
        693475AK1
        
          
        
        268000.00000000
        PA
        USD
        268215.02000000
        0.240610907376
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.99457000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Bonds
        254900HROIFWPRGM1V77
        U.S. Treasury Bonds
        912810TF5
        
          
        
        1015300.00000000
        PA
        USD
        979605.86000000
        0.878786933132
        Long
        DBT
        UST
        US
        N
        
        2
        
          2042-02-15
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association, IO
        38373T3M5
        
          
        
        22346.68000000
        PA
        USD
        58.35000000
        0.000052344743
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2032-02-16
          Floating
          7.06943000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PBK1
        
          
        
        65000.00000000
        PA
        USD
        62773.21000000
        0.056312726323
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-22
          Variable
          2.08300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP Capital Markets America, Inc.
        5493009NTB34VXE1T760
        BP Capital Markets America, Inc.
        10373QBP4
        
          
        
        15000.00000000
        PA
        USD
        12865.35000000
        0.011541275865
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-06-04
          Fixed
          2.93900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Trust Bank Ltd.
        5493006GGLR4BTEL8O61
        Sumitomo Mitsui Trust Bank Ltd.
        86563VAY5
        
          
        
        461000.00000000
        PA
        USD
        422448.17000000
        0.378970713509
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2026-09-16
          Fixed
          1.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bear Stearns Adjustable Rate Mortgage Trust
        N/A
        Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1
        07387AEG6
        
          
        
        30190.16000000
        PA
        USD
        30637.22000000
        0.027484103253
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-10-25
          Floating
          0.75613000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KeyCorp
        RKPI3RZGV1V1FJTH5T61
        KeyCorp
        49326EEK5
        
          
        
        48000.00000000
        PA
        USD
        45393.92000000
        0.040722075447
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-04-06
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Commercial Mortgage Trust
        N/A
        BX Commercial Mortgage Trust, Series 2021-VOLT, Class B
        05609VAG0
        
          
        
        225000.00000000
        PA
        USD
        220540.46000000
        0.197842910489
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-09-15
          Floating
          1.34657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OCP CLO Ltd.
        254900M77QLN2EBJHE11
        OCP CLO Ltd., Series 2017-13A, Class A1AR
        67097LAH9
        
          
        
        250000.00000000
        PA
        USD
        248232.25000000
        0.222684721059
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2030-07-15
          Floating
          1.20129000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo Commercial Mortgage Trust
        5493002S7XBI8CVRR075
        Wells Fargo Commercial Mortgage Trust, Series 2015-NXS1, Class ASB
        94989HAT7
        
          
        
        152802.57000000
        PA
        USD
        153319.29000000
        0.137539998637
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2048-05-15
          Fixed
          2.93400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAE Systems Holdings, Inc.
        MF62XBVMNYTYMC18DL76
        BAE Systems Holdings, Inc.
        05523UAP5
        
          
        
        39000.00000000
        PA
        USD
        39180.05000000
        0.035147723574
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2025-12-15
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Healthcare Trust of America Holdings L.P.
        549300IYGAS4GE6VDL07
        Healthcare Trust of America Holdings L.P.
        42225UAD6
        
          
        
        37000.00000000
        PA
        USD
        36942.76000000
        0.033140690646
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-08-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Bonds
        254900HROIFWPRGM1V77
        U.S. Treasury Bonds
        912810TB4
        
          
        
        1309300.00000000
        PA
        USD
        1148910.75000000
        1.030667328220
        Long
        DBT
        UST
        US
        N
        
        2
        
          2051-11-15
          Fixed
          1.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Life Mortgage Trust
        N/A
        Life Mortgage Trust, Series 2021-BMR, Class A
        53218CAA8
        
          
        
        152360.37000000
        PA
        USD
        149108.24000000
        0.133762340840
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-03-15
          Floating
          1.09700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac, Series 2018-HQA1, Class M2, STACR
        3137G0UD9
        
          
        
        83241.71000000
        PA
        USD
        83387.42000000
        0.074805366194
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-09-25
          Floating
          2.75657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Extra Space Storage L.P.
        549300YNKSKNZFR8UC42
        Extra Space Storage L.P.
        30225VAH0
        
          
        
        47000.00000000
        PA
        USD
        47142.76000000
        0.042290928598
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-01
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31395VZ51
        
          
        
        7358.43000000
        PA
        USD
        641.40000000
        0.000575388492
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-07-15
          Floating
          5.75343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Comcast Corp.
        51M0QTTNCGUN7KFCFZ59
        Comcast Corp.
        20030NDQ1
        
          
        
        56000.00000000
        PA
        USD
        43354.34000000
        0.038892404631
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2062-08-15
          Fixed
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UBS Commercial Mortgage Trust
        N/A
        UBS Commercial Mortgage Trust, Series 2017-C5, Class XA, IO
        90276TAH7
        
          
        
        1213826.06000000
        PA
        USD
        44333.78000000
        0.039771042774
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-11-15
          Variable
          0.98164100
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal National Mortgage Association
        B1V7KEBTPIMZEU4LTD58
        Federal National Mortgage Association
        31410GVK6
        
          
        
        39419.11000000
        PA
        USD
        43199.51000000
        0.038753509401
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-05-01
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LB Commercial Conduit Mortgage Trust
        N/A
        LB Commercial Conduit Mortgage Trust, Series 1998-C1
        501773AY1
        
          
        
        20803.11000000
        PA
        USD
        0.21000000
        0.000000188387
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2030-02-18
          Variable
          0.51576500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OBX Trust
        N/A
        OBX Trust
        67448DAM2
        
          
        
        135000.00000000
        PA
        USD
        131425.52000000
        0.117899488327
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2062-01-25
          Variable
          3.38400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        6174468P7
        
          
        
        41000.00000000
        PA
        USD
        40839.50000000
        0.036636386552
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Variable
          3.62200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citizens Financial Group, Inc.
        2138004JDDA4ZQUPFW65
        Citizens Financial Group, Inc.
        174610AS4
        
          
        
        31000.00000000
        PA
        USD
        28624.48000000
        0.025678510122
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-06
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Airlines Pass-Through Trust
        IWUQB36BXD6OWD6X4T14
        American Airlines Pass-Through Trust, Series 2021-1, Class A
        02379KAA2
        
          
        
        147000.00000000
        PA
        USD
        133242.48000000
        0.119529450714
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2034-07-11
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Commercial Mortgage Trust
        N/A
        BX Commercial Mortgage Trust, Series 2021-XL2, Class B
        05609KAC3
        
          
        
        102476.20000000
        PA
        USD
        100260.98000000
        0.089942335713
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-10-15
          Floating
          1.39470000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citizens Financial Group, Inc.
        2138004JDDA4ZQUPFW65
        Citizens Financial Group, Inc.
        174610AT2
        
          
        
        16000.00000000
        PA
        USD
        15660.94000000
        0.014049149759
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-04-30
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Continental Resources, Inc.
        XXRTID9RYWOZ0UPIVR53
        Continental Resources, Inc.
        212015AU5
        
          
        
        40000.00000000
        PA
        USD
        37400.00000000
        0.033550872489
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-15
          Fixed
          2.26800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GGF0
        
          
        
        28000.00000000
        PA
        USD
        28355.32000000
        0.025437051490
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-01-20
          Variable
          3.82400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAJF8
        
          
        
        65851.97000000
        PA
        USD
        13407.14000000
        0.012027306005
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GKC2
        
          
        
        119000.00000000
        PA
        USD
        102499.33000000
        0.091950319548
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2036-09-21
          Variable
          2.48200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Holdings Finance Co. LLC
        549300D2L6J4NC1QVZ22
        Blackstone Holdings Finance Co. LLC
        09261BAA8
        
          
        
        72000.00000000
        PA
        USD
        61058.80000000
        0.054774759710
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-30
          Fixed
          1.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Countrywide Home Loans Mortgage Pass-Through Trust
        N/A
        Countrywide Home Loans Mortgage Pass-Through Trust, Series 2005-17, Class 1A8
        12669G5U1
        
          
        
        3296.67000000
        PA
        USD
        3227.47000000
        0.002895305733
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-09-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banc of America Mortgage Trust
        N/A
        Banc of America Mortgage Trust, Series 2007-1, Class 1A24
        05952HAZ2
        
          
        
        22904.96000000
        PA
        USD
        20943.31000000
        0.018787869607
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2037-03-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2020-INV1, Class A1
        92537TAA3
        
          
        
        32885.17000000
        PA
        USD
        32454.96000000
        0.029114765364
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2060-03-25
          Variable
          0.32820000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JDE Peet's N.V.
        724500EHG519SE5ZRT89
        JDE Peet's N.V.
        47216QAC7
        
          
        
        155000.00000000
        PA
        USD
        135011.68000000
        0.121116568457
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2031-09-24
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Commercial Mortgage Trust
        N/A
        Citigroup Commercial Mortgage Trust, Series 2013-GC17, Class XA, IO
        17321RAF3
        
          
        
        358148.06000000
        PA
        USD
        4428.93000000
        0.003973114056
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-11-10
          Variable
          1.00104200
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM Mortgage Trust, Series 2013-CR6, Class AM
        12624XAM0
        
          
        
        245000.00000000
        PA
        USD
        244224.45000000
        0.219089395209
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-03-10
          Fixed
          3.14700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392DW40
        
          
        
        719.66000000
        PA
        USD
        129.52000000
        0.000116190080
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-07-25
          Floating
          7.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Textainer Marine Containers VII Ltd.
        549300X48KLHDDGPK024
        Textainer Marine Containers VII Ltd., Series 2021-2A, Class A
        88315LAQ1
        
          
        
        315066.67000000
        PA
        USD
        292637.11000000
        0.262519528433
        Long
        ABS-O
        CORP
        BM
        
        N
        
        2
        
          2046-04-20
          Fixed
          2.23000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Discover Bank
        X05BVSK68TQ7YTOSNR22
        Discover Bank
        25466AAP6
        
          
        
        116000.00000000
        PA
        USD
        120586.03000000
        0.108175575309
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-13
          Fixed
          4.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MFA Trust
        N/A
        MFA Trust
        55284FAF4
        
          
        
        219613.25000000
        PA
        USD
        210523.26000000
        0.188856659155
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-08-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GS Mortgage Securities Trust
        5493005BBCF84ICNQ550
        GS Mortgage Securities Trust, Series 2020-GC47, Class A5
        36258RBA0
        
          
        
        245000.00000000
        PA
        USD
        227681.37000000
        0.204248893400
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2053-05-12
          Fixed
          2.37720000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31397PM49
        
          
        
        4694.76000000
        PA
        USD
        759.81000000
        0.000681611990
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2037-12-15
          Floating
          6.60343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394DQF0
        
          
        
        99010.89000000
        PA
        USD
        13191.24000000
        0.011833625968
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-05-25
          Floating
          6.24343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brixmor Operating Partnership L.P.
        549300CJHBL7JBUA6503
        Brixmor Operating Partnership L.P.
        11120VAJ2
        
          
        
        34000.00000000
        PA
        USD
        34165.52000000
        0.030649278210
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-07-01
          Fixed
          4.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        N/A
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        161175CA0
        
          
        
        89000.00000000
        PA
        USD
        75329.34000000
        0.067576606446
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-06-01
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Countrywide Home Loans Mortgage Pass-Through Trust
        N/A
        Countrywide Home Loans Mortgage Pass-Through Trust, Series 2005-26, Class 1A8
        126694MS4
        
          
        
        34131.76000000
        PA
        USD
        26387.88000000
        0.023672096180
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-11-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alimentation Couche-Tard, Inc.
        549300OSW32RVX8CCZ87
        Alimentation Couche-Tard, Inc.
        01626PAP1
        
          
        
        56000.00000000
        PA
        USD
        50454.65000000
        0.045261966007
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2041-05-13
          Fixed
          3.43900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fidelity National Financial, Inc.
        549300CAZYIH39SYQ287
        Fidelity National Financial, Inc.
        31620RAK1
        
          
        
        46000.00000000
        PA
        USD
        40811.49000000
        0.036611259281
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-15
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley Bank of America Merrill Lynch Trust
        N/A
        Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C19, Class AS
        61764PBW1
        
          
        
        595000.00000000
        PA
        USD
        596031.02000000
        0.534688790160
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-12-15
          Fixed
          3.83200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Penske Truck Leasing Co. L.P./PTL Finance Corp.
        N/A
        Penske Truck Leasing Co. L.P./PTL Finance Corp.
        709599AW4
        
          
        
        45000.00000000
        PA
        USD
        44865.28000000
        0.040247841938
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-15
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP Capital Markets PLC
        549300CRVT18MXX0AG93
        BP Capital Markets PLC
        05565QDV7
        
          
        
        229000.00000000
        PA
        USD
        230288.13000000
        0.206587371271
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          N/A
          Variable
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Progressive Corp. (The)
        529900TACNVLY9DCR586
        Progressive Corp. (The)
        743315AZ6
        
          
        
        39000.00000000
        PA
        USD
        37990.09000000
        0.034080231697
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GJT7
        
          
        
        144000.00000000
        PA
        USD
        132643.82000000
        0.118992403513
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-22
          Variable
          2.68700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OBX Trust
        N/A
        OBX Trust
        67114VAA1
        
          
        
        228785.73000000
        PA
        USD
        221895.28000000
        0.199058295330
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2061-11-25
          Variable
          2.30500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31297BTP7
        
          
        
        27710.28000000
        PA
        USD
        29194.01000000
        0.026189425320
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2031-10-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEC Energy Group, Inc.
        549300IGLYTZUK3PVP70
        WEC Energy Group, Inc.
        92939UAE6
        
          
        
        34000.00000000
        PA
        USD
        29515.19000000
        0.026477550165
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-10-15
          Fixed
          1.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banc of America Funding Trust
        N/A
        Banc of America Funding Trust, Series 2007-1, Class 1A3
        05951FBD5
        
          
        
        36089.81000000
        PA
        USD
        34105.04000000
        0.030595022681
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2037-01-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KKR CLO 30 Ltd.
        549300NB16RGUJOZXI16
        KKR CLO 30 Ltd., Series 30A, Class A1R
        48250EAN5
        
          
        
        268000.00000000
        PA
        USD
        266645.80000000
        0.239203188121
        Long
        ABS-CBDO
        CORP
        US
        
        N
        
        2
        
          2031-10-17
          Floating
          1.26129000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Realty Income Corp.
        549300CUWDAUZSH43859
        Realty Income Corp.
        756109BJ2
        
          
        
        24000.00000000
        PA
        USD
        22174.82000000
        0.019892635248
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-15
          Fixed
          2.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Mortgage Trust
        N/A
        Credit Suisse Mortgage Trust, Series 2022-ATH1, Class A1B
        12660BAN1
        
          
        
        115000.00000000
        PA
        USD
        112355.59000000
        0.100792194481
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-01-25
          Variable
          3.34600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Enel Finance International N.V.
        0YQH6LCEF474UTUV4B96
        Enel Finance International N.V.
        29278GAQ1
        
          
        
        200000.00000000
        PA
        USD
        165662.83000000
        0.148613168065
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2041-07-12
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal National Mortgage Association
        B1V7KEBTPIMZEU4LTD58
        Federal National Mortgage Association
        31410FV77
        
          
        
        5834.34000000
        PA
        USD
        6352.96000000
        0.005699127029
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2032-12-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM Mortgage Trust, Series 2014-UBS6, Class AM
        12592PBH5
        
          
        
        475000.00000000
        PA
        USD
        478155.38000000
        0.428944657345
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-12-10
          Fixed
          4.04800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PNC Financial Services Group, Inc. (The)
        CFGNEKW0P8842LEUIA51
        PNC Financial Services Group, Inc. (The)
        693475AT2
        
          
        
        33000.00000000
        PA
        USD
        33094.73000000
        0.029688691612
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-05-19
          Fixed
          3.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United Airlines Pass-Through Trust
        N/A
        United Airlines Pass-Through Trust, Series 2020-1, Class A
        90931GAA7
        
          
        
        122509.92000000
        PA
        USD
        127013.41000000
        0.113941463192
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-15
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Private Credit Fund
        549300ORP3TTCNXSYO43
        Blackstone Private Credit Fund
        09261HAA5
        
          
        
        26000.00000000
        PA
        USD
        24448.91000000
        0.021932680800
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-09-15
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3133TEPR9
        
          
        
        308.48000000
        PA
        USD
        14.90000000
        0.000013366524
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-07-17
          Floating
          8.25857000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bristol-Myers Squibb Co.
        HLYYNH7UQUORYSJQCN42
        Bristol-Myers Squibb Co.
        110122DW5
        
          
        
        154000.00000000
        PA
        USD
        155233.37000000
        0.139257085642
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-15
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COLT 2021-5 Mortgage Loan Trust
        N/A
        COLT 2021-5 Mortgage Loan Trust, Series 2021-5, Class A1
        12598RAA1
        
          
        
        122954.87000000
        PA
        USD
        118478.39000000
        0.106284849082
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-11-26
          Variable
          1.72600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Union Pacific Corp.
        549300LMMRSZZCZ8CL11
        Union Pacific Corp.
        907818FJ2
        
          
        
        35000.00000000
        PA
        USD
        33696.99000000
        0.030228968309
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-02-05
          Fixed
          2.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Drive Auto Receivables Trust
        N/A
        Santander Drive Auto Receivables Trust, Series 2018-2, Class D
        80285FAG9
        
          
        
        57035.28000000
        PA
        USD
        57205.98000000
        0.051318463653
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-02-15
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dell International LLC/EMC Corp.
        N/A
        Dell International LLC/EMC Corp.
        24703TAG1
        
          
        
        56000.00000000
        PA
        USD
        61094.14000000
        0.054806462594
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-10-01
          Fixed
          5.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31359XCD9
        
          
        
        26439.85000000
        PA
        USD
        28417.42000000
        0.025492760291
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-11-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        W.R. Berkley Corp.
        SQOAGCLKBDWNVYV1OV80
        W.R. Berkley Corp.
        084423AW2
        
          
        
        65000.00000000
        PA
        USD
        50458.06000000
        0.045265025057
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-09-30
          Fixed
          3.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Holdings Finance Co. LLC
        549300D2L6J4NC1QVZ22
        Blackstone Holdings Finance Co. LLC
        09261BAH3
        
          
        
        124000.00000000
        PA
        USD
        107592.36000000
        0.096519185862
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-01-30
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bayview MSR Opportunity Master Fund Trust
        N/A
        Bayview MSR Opportunity Master Fund Trust, Series 2021-4, Class A4
        07336GAD6
        
          
        
        250384.34000000
        PA
        USD
        232167.98000000
        0.208273751155
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-10-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kinder Morgan, Inc.
        549300WR7IX8XE0TBO16
        Kinder Morgan, Inc.
        28368EAE6
        
          
        
        67000.00000000
        PA
        USD
        86508.04000000
        0.077604818700
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-01-15
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136A5AX4
        
          
        
        38357.53000000
        PA
        USD
        3897.08000000
        0.003496000913
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2041-04-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394DQD5
        
          
        
        4245.28000000
        PA
        USD
        327.49000000
        0.000293785434
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-05-25
          Floating
          6.29343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        313921SS8
        
          
        
        839.56000000
        PA
        USD
        867.49000000
        0.000778209796
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-10-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TECM4
        
          
        
        68855.11000000
        PA
        USD
        72030.32000000
        0.064617114484
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-06-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        D.R. Horton, Inc.
        529900ZIUEYVSB8QDD25
        D.R. Horton, Inc.
        23331ABG3
        
          
        
        40000.00000000
        PA
        USD
        40630.36000000
        0.036448770790
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-02-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lowe's Cos., Inc.
        WAFCR4OKGSC504WU3E95
        Lowe's Cos., Inc.
        548661EG8
        
          
        
        52000.00000000
        PA
        USD
        52362.72000000
        0.046973661549
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-04-01
          Fixed
          3.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31392ASN9
        
          
        
        44557.18000000
        PA
        USD
        48029.13000000
        0.043086075305
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-12-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FactSet Research Systems, Inc.
        549300ZSJE7NBK6K9P30
        FactSet Research Systems, Inc.
        303075AA3
        
          
        
        115000.00000000
        PA
        USD
        111943.94000000
        0.100422910613
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-01
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        5493005RUXPCBST1N217
        Freddie Mac, Series 2018-HQA2, Class M1, STACR
        35563XAA0
        
          
        
        27109.48000000
        PA
        USD
        27087.52000000
        0.024299730737
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-10-25
          Floating
          1.20657000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WaMu Mortgage Pass-Through Ctfs. Trust
        N/A
        WaMu Mortgage Pass-Through Ctfs. Trust, Series 2005-AR14, Class 1A4
        92922F4D7
        
          
        
        55097.31000000
        PA
        USD
        55454.80000000
        0.049747511330
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-12-25
          Variable
          2.84927000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Micron Technology, Inc.
        B3DXGBC8GAIYWI2Z0172
        Micron Technology, Inc.
        595112BT9
        
          
        
        37000.00000000
        PA
        USD
        33127.03000000
        0.029717667366
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-11-01
          Fixed
          3.36600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392GEE1
        
          
        
        3138.33000000
        PA
        USD
        431.17000000
        0.000386794911
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-08-25
          Floating
          6.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31395XLV5
        
          
        
        5322.83000000
        PA
        USD
        7859.81000000
        0.007050895270
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-08-15
          Floating
          23.29590000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Air Lease Corp.
        5493004NW4M4P8TMMK63
        Air Lease Corp.
        00914AAR3
        
          
        
        55000.00000000
        PA
        USD
        50986.81000000
        0.045739357245
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          2.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal National Mortgage Association
        B1V7KEBTPIMZEU4LTD58
        Federal National Mortgage Association
        31410FV85
        
          
        
        822.69000000
        PA
        USD
        890.43000000
        0.000798788860
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-01-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Progress Residential Trust
        N/A
        Progress Residential Trust, Series 2021-SFR10, Class A
        74333WAA0
        
          
        
        140000.00000000
        PA
        USD
        130790.28000000
        0.117329625860
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2040-12-17
          Fixed
          2.39300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Moody's Corp.
        549300GCEDD8YCF5WU84
        Moody's Corp.
        615369AW5
        
          
        
        75000.00000000
        PA
        USD
        66644.91000000
        0.059785959291
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-08-19
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Boeing Co. (The)
        RVHJWBXLJ1RFUBSY1F30
        Boeing Co. (The)
        097023DG7
        
          
        
        91000.00000000
        PA
        USD
        86134.50000000
        0.077269722633
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-02-04
          Fixed
          2.19600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EPR Properties
        549300YSSXFHMPOWZ492
        EPR Properties
        26884UAG4
        
          
        
        117000.00000000
        PA
        USD
        106274.59000000
        0.095337037914
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-11-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Private Credit Fund
        549300ORP3TTCNXSYO43
        Blackstone Private Credit Fund
        09261HAC1
        
          
        
        221000.00000000
        PA
        USD
        199240.82000000
        0.178735383598
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-12-15
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse AG
        549300D0YARF5HYP1809
        Credit Suisse AG
        22546QAP2
        
          
        
        189000.00000000
        PA
        USD
        191273.98000000
        0.171588473625
        Long
        DBT
        CORP
        CH
        N
        
        2
        
          2024-09-09
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAB58
        
          
        
        34344.07000000
        PA
        USD
        5644.73000000
        0.005063786536
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-02-25
          Variable
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        QUALCOMM, Inc.
        H1J8DDZKZP6H7RWC0H53
        QUALCOMM, Inc.
        747525BK8
        
          
        
        55000.00000000
        PA
        USD
        51224.78000000
        0.045952835885
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-05-20
          Fixed
          2.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GZM9
        
          
        
        80000.00000000
        PA
        USD
        75492.10000000
        0.067722615537
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-02-24
          Variable
          3.10200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Mortgage Loan Trust
        N/A
        Citigroup Mortgage Loan Trust, Series 2006-AR1, Class 1A1
        17307G2Z0
        
          
        
        90759.46000000
        PA
        USD
        92677.80000000
        0.083139600279
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-10-25
          Floating
          3.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        M&T Bank Corp.
        549300WYXDDBYRASEG81
        M&T Bank Corp.
        55261FAN4
        
          
        
        129000.00000000
        PA
        USD
        116258.67000000
        0.104293577887
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COLT Mortgage Loan Trust
        N/A
        COLT Mortgage Loan Trust
        19688HAA9
        
          
        
        186032.04000000
        PA
        USD
        180951.90000000
        0.162328719884
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-12-27
          Variable
          2.28400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank
        N/A
        Bank, Series 2019-BNK16, Class XA, IO
        065405AJ1
        
          
        
        1531379.03000000
        PA
        USD
        78833.25000000
        0.070719901569
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2052-02-15
          Variable
          0.94388700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        N/A
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        161175CC6
        
          
        
        41000.00000000
        PA
        USD
        35836.72000000
        0.032148481903
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-12-01
          Fixed
          4.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of New York Mellon Corp. (The)
        WFLLPEPC7FZXENRZV188
        Bank of New York Mellon Corp. (The), Series G, Pfd.
        064058AH3
        
          
        
        58000.00000000
        PA
        USD
        59537.00000000
        0.053409580091
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Bancorp
        N1GZ7BBF3NP8GI976H15
        U.S. Bancorp, Series W
        91159HHM5
        
          
        
        36000.00000000
        PA
        USD
        36025.91000000
        0.032318200875
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-27
          Fixed
          3.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133T3Q27
        
          
        
        1342.40000000
        PA
        USD
        1380.98000000
        0.001238852510
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2024-02-15
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mello Mortgage Capital Acceptance Trust
        N/A
        Mello Mortgage Capital Acceptance Trust, Series 2021-INV3, Class A4
        585491AF0
        
          
        
        160817.18000000
        PA
        USD
        154155.88000000
        0.138290488594
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-10-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        313921R34
        
          
        
        2077.79000000
        PA
        USD
        324.52000000
        0.000291121100
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-11-18
          Floating
          7.43243000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AES Corp. (The)
        2NUNNB7D43COUIRE5295
        AES Corp. (The)
        00130HCE3
        
          
        
        34000.00000000
        PA
        USD
        31309.63000000
        0.028087310262
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-01-15
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association, IO
        38375JSQ9
        
          
        
        28851.95000000
        PA
        USD
        3930.42000000
        0.003525909632
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2037-04-16
          Floating
          6.11943000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        World Financial Network Credit Card Master Trust
        549300RSY3BGZS85SD04
        World Financial Network Credit Card Master Trust, Series 2019-C, Class A
        981464HF0
        
          
        
        235000.00000000
        PA
        USD
        235668.20000000
        0.211413736045
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2026-07-15
          Fixed
          2.21000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charles Schwab Corp. (The)
        549300VSGCJ7E698NM85
        Charles Schwab Corp. (The)
        808513CB9
        
          
        
        116000.00000000
        PA
        USD
        115860.80000000
        0.103936655812
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AmeriCredit Automobile Receivables Trust
        N/A
        AmeriCredit Automobile Receivables Trust, Series 2018-3, Class C
        03066MAF3
        
          
        
        260000.00000000
        PA
        USD
        262110.50000000
        0.235134651437
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-10-18
          Fixed
          3.74000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PCC8
        
          
        
        89000.00000000
        PA
        USD
        81660.93000000
        0.073256562829
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-22
          Variable
          2.58000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VFU3
        
          
        
        36000.00000000
        PA
        USD
        30190.30000000
        0.027083179297
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-11-20
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Zaxby's Funding LLC
        N/A
        Zaxby's Funding LLC, Series 2021-1A, Class A2
        98920MAA0
        
          
        
        353225.00000000
        PA
        USD
        327427.74000000
        0.293729581667
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2051-07-30
          Fixed
          3.23800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Expedia Group, Inc.
        CI7MUJI4USF3V0NJ1H64
        Expedia Group, Inc.
        30212PBH7
        
          
        
        151000.00000000
        PA
        USD
        140052.49000000
        0.125638589141
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Star Trust
        N/A
        Star Trust, Series 2021-SFR1, Class A
        85521DAA0
        
          
        
        792432.02000000
        PA
        USD
        785480.01000000
        0.704640097829
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-04-17
          Floating
          1.04200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Moody's Corp.
        549300GCEDD8YCF5WU84
        Moody's Corp.
        615369AV7
        
          
        
        86000.00000000
        PA
        USD
        73675.27000000
        0.066092769770
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-08-19
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392EHB9
        
          
        
        464.65000000
        PA
        USD
        79.58000000
        0.000071389797
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-09-25
          Floating
          7.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chubb INA Holdings, Inc.
        CZCBJZWDMLTHWJDXU843
        Chubb INA Holdings, Inc.
        171239AH9
        
          
        
        28000.00000000
        PA
        USD
        24388.09000000
        0.021878120263
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-12-15
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GZR8
        
          
        
        262000.00000000
        PA
        USD
        261959.57000000
        0.234999254827
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-03-15
          Variable
          3.61500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T, Inc.
        549300Z40J86GGSTL398
        AT&T, Inc.
        00206RMH2
        
          
        
        139000.00000000
        PA
        USD
        139000.09000000
        0.124694499884
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-03-25
          Floating
          0.91064000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Commercial Mortgage Trust
        N/A
        Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class AA
        17322MAX4
        
          
        
        38347.35000000
        PA
        USD
        38686.52000000
        0.034704986620
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-05-10
          Fixed
          3.47700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Agricole S.A.
        969500TJ5KRTCJQWXH05
        Credit Agricole S.A.
        225313AF2
        
          
        
        310000.00000000
        PA
        USD
        313944.64000000
        0.281634133302
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2025-03-17
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Agricole S.A.
        969500TJ5KRTCJQWXH05
        Credit Agricole S.A.
        225313AP0
        
          
        
        209000.00000000
        PA
        USD
        190175.37000000
        0.170602930202
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          N/A
          Variable
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3137B93W3
        
          
        
        51670.46000000
        PA
        USD
        6791.00000000
        0.006092084895
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2044-01-15
          Floating
          5.70343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Office Properties Income Trust
        N/A
        Office Properties Income Trust
        81618TAE0
        
          
        
        141000.00000000
        PA
        USD
        142014.04000000
        0.127398260636
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-05-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Deutsche Telekom International Finance B.V.
        529900ERDFHS6C1M4U58
        Deutsche Telekom International Finance B.V.
        25156PBB8
        
          
        
        149000.00000000
        PA
        USD
        156847.67000000
        0.140705245360
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2028-06-21
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Holdings USA, Inc.
        549300SMVCQN2P0O6I58
        Santander Holdings USA, Inc.
        80282KAW6
        
          
        
        35000.00000000
        PA
        USD
        35120.26000000
        0.031505758424
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-06-07
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Spirit Realty L.P.
        549300GTBVIBJRX5BW73
        Spirit Realty L.P.
        84861TAE8
        
          
        
        32000.00000000
        PA
        USD
        31358.88000000
        0.028131491558
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Starwood Mortgage Residential Trust
        N/A
        Starwood Mortgage Residential Trust, Series 2021-6, Class A1
        85573RAA6
        
          
        
        328087.51000000
        PA
        USD
        310613.90000000
        0.278646185895
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-11-25
          Variable
          1.92000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GA Global Funding Trust
        54930029I8ROQ4OROZ88
        GA Global Funding Trust
        36143L2H7
        
          
        
        207000.00000000
        PA
        USD
        188481.34000000
        0.169083246124
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-01-06
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Altria Group, Inc.
        XSGZFLO9YTNO9VCQV219
        Altria Group, Inc.
        02209SBN2
        
          
        
        79000.00000000
        PA
        USD
        64090.41000000
        0.057494362934
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-02-04
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FBK6
        
          
        
        56000.00000000
        PA
        USD
        52368.88000000
        0.046979187575
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-04-15
          Fixed
          3.41900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Mortgage Trust
        N/A
        Credit Suisse Mortgage Trust, Series 2022-ATH1, Class A1A
        12660BAM3
        
          
        
        235657.21000000
        PA
        USD
        233079.50000000
        0.209091459478
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-01-25
          Variable
          2.87000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Liquid Assets Portfolio
        549300DC1W0JSX3QRC47
        Invesco Liquid Assets Portfolio, Institutional Class
        825252729
        
          
        
        2922664.70100000
        NS
        USD
        2921787.90000000
        2.621083777413
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Workday, Inc.
        549300J0DYC0N31V7G13
        Workday, Inc.
        98138HAH4
        
          
        
        146000.00000000
        PA
        USD
        146457.59000000
        0.131384490033
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-01
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CD Mortgage Trust
        N/A
        CD Mortgage Trust, Series 2017-CD6, Class XA, IO
        125039AG2
        
          
        
        700910.05000000
        PA
        USD
        22502.30000000
        0.020186411711
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-11-13
          Variable
          0.91727500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Mortgage Capital Trust
        N/A
        Credit Suisse Mortgage Capital Trust, Series 2021-NQM1, Class A1
        126407AA3
        
          
        
        63404.43000000
        PA
        USD
        61874.40000000
        0.055506419914
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2065-05-25
          Variable
          0.80900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GZN7
        
          
        
        94000.00000000
        PA
        USD
        87283.91000000
        0.078300837829
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2043-02-24
          Variable
          3.43600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 2 Year Note Future
        N/A
        
          
        
        -18.00000000
        NC
        USD
        46265.61000000
        0.041504052988
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Short
            
              
                United States Treasury Note/Bond
                U.S. Treasury Notes
                
                  
                
              
            
            2022-06-30
            3860859.38000000
            USD
            46265.61000000
          
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31392MJE3
        
          
        
        63055.84000000
        PA
        USD
        69052.69000000
        0.061945935755
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-06-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967MY4
        
          
        
        91000.00000000
        PA
        USD
        82241.78000000
        0.073777632997
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-05-01
          Variable
          2.56100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GS Mortgage Securities Trust
        549300SSCQUZ3RRV2T53
        GS Mortgage Securities Trust, Series 2013-GCJ12, Class AAB
        36197XAL8
        
          
        
        5421.86000000
        PA
        USD
        5434.96000000
        0.004875605613
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-06-10
          Fixed
          2.67800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WFRBS Commercial Mortgage Trust
        549300GADFYEKC4OLM57
        WFRBS Commercial Mortgage Trust, Series 2013-C14, Class AS
        92890PAG9
        
          
        
        150000.00000000
        PA
        USD
        150503.85000000
        0.135014317662
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-06-15
          Fixed
          3.48800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VGL2
        
          
        
        125000.00000000
        PA
        USD
        110395.84000000
        0.099034137733
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-09-03
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citizens Financial Group, Inc.
        2138004JDDA4ZQUPFW65
        Citizens Financial Group, Inc.
        174610AK1
        
          
        
        143000.00000000
        PA
        USD
        146662.05000000
        0.131567907450
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-12-03
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136A9XT0
        
          
        
        63313.63000000
        PA
        USD
        3270.21000000
        0.002933647024
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2027-11-25
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31335HUG6
        
          
        
        7919.02000000
        PA
        USD
        8444.42000000
        0.007575338467
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2022-10-01
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        060505GB4
        
          
        
        293000.00000000
        PA
        USD
        276093.90000000
        0.247678910003
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Interpublic Group of Cos., Inc. (The)
        5493008IUOJ5VWTRC333
        Interpublic Group of Cos., Inc. (The)
        460690BL3
        
          
        
        24000.00000000
        PA
        USD
        24455.66000000
        0.021938736104
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-04-15
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GS Mortgage Securities Trust
        N/A
        GS Mortgage Securities Trust, Series 2014-GC18, Class AAB
        36252RAQ2
        
          
        
        29877.74000000
        PA
        USD
        30160.30000000
        0.027056266833
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-01-10
          Fixed
          3.64800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Flagstar Mortgage Trust
        N/A
        Flagstar Mortgage Trust, Series 2021-11IN, Class A6
        33851TAF4
        
          
        
        412037.80000000
        PA
        USD
        395211.41000000
        0.354537102231
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-11-25
          Variable
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        N/A
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        00774MAZ8
        
          
        
        191000.00000000
        PA
        USD
        168035.03000000
        0.150741226346
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2041-10-29
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31283HB20
        
          
        
        18442.93000000
        PA
        USD
        19831.49000000
        0.017790475729
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2028-07-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COLT Mortgage Loan Trust
        N/A
        COLT Mortgage Loan Trust, Series 2020-2, Class A1
        19688JAA5
        
          
        
        36545.95000000
        PA
        USD
        36556.57000000
        0.032794246490
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2065-03-25
          Variable
          1.85300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Shell International Finance B.V.
        213800ITMMKU4Z7I4F78
        Shell International Finance B.V.
        822582CL4
        
          
        
        158000.00000000
        PA
        USD
        141810.56000000
        0.127215722360
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2051-11-26
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAXJ4
        
          
        
        2221.00000000
        PA
        USD
        352.21000000
        0.000315961304
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-02-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PCU8
        
          
        
        56000.00000000
        PA
        USD
        52852.22000000
        0.047412783262
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-01-25
          Variable
          2.96300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392DCP5
        
          
        
        1461.88000000
        PA
        USD
        197.13000000
        0.000176841804
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Floating
          6.54343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        6174468Q5
        
          
        
        34000.00000000
        PA
        USD
        32877.13000000
        0.029493486536
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-28
          Variable
          2.18800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GHM4
        
          
        
        38000.00000000
        PA
        USD
        39243.91000000
        0.035205011240
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-07-23
          Variable
          4.27100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Athene Global Funding
        549300LM1QSI4MSIL320
        Athene Global Funding
        04685A2U4
        
          
        
        45000.00000000
        PA
        USD
        41704.18000000
        0.037412075547
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-01-08
          Fixed
          1.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jabil, Inc.
        5493000CGCQY2OQU7669
        Jabil, Inc.
        466313AK9
        
          
        
        46000.00000000
        PA
        USD
        42205.90000000
        0.037862159604
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tricon American Homes Trust
        N/A
        Tricon American Homes Trust, Series 2020-SFR2, Class A
        89613JAA8
        
          
        
        305980.77000000
        PA
        USD
        274366.81000000
        0.246129568389
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2039-11-17
          Fixed
          1.48200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        N/A
        Charter Communications Operating LLC/Charter Communications Operating Capital Corp.
        161175CE2
        
          
        
        123000.00000000
        PA
        USD
        102038.06000000
        0.091536522464
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2042-03-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        World Financial Network Credit Card Master Trust
        549300RSY3BGZS85SD04
        World Financial Network Credit Card Master Trust, Series 2019-B, Class A
        981464HC7
        
          
        
        270000.00000000
        PA
        USD
        270731.54000000
        0.242868432554
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2026-04-15
          Fixed
          2.49000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Enbridge, Inc.
        98TPTUM4IVMFCZBCUR27
        Enbridge, Inc.
        29250NBE4
        
          
        
        51000.00000000
        PA
        USD
        45387.84000000
        0.040716621187
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2051-08-01
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280CN7
        
          
        
        225000.00000000
        PA
        USD
        201375.00000000
        0.180649918386
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          N/A
          Variable
          4.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Credit Acceptance Receivables Trust
        N/A
        American Credit Acceptance Receivables Trust, Series 2019-3, Class C
        02529NAE7
        
          
        
        31794.66000000
        PA
        USD
        31837.33000000
        0.028560700514
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-09-12
          Fixed
          2.76000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Starbucks Corp.
        OQSJ1DU9TAOC51A47K68
        Starbucks Corp.
        855244BC2
        
          
        
        129000.00000000
        PA
        USD
        123170.75000000
        0.110494281490
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-14
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Magallanes, Inc.
        549300DXR29GD4N0A520
        Magallanes, Inc.
        55903VAL7
        
          
        
        189000.00000000
        PA
        USD
        190074.96000000
        0.170512854183
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          4.27900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CEC1
        
          
        
        5229400.00000000
        PA
        USD
        5090085.54000000
        4.566224890774
        Long
        DBT
        UST
        US
        N
        
        2
        
          2027-02-28
          Fixed
          1.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ellington Financial Mortgage Trust
        N/A
        Ellington Financial Mortgage Trust
        31573CAA3
        
          
        
        170662.27000000
        PA
        USD
        162222.71000000
        0.145527097811
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-01-25
          Variable
          2.20600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VeriSign, Inc.
        LMPL4N8ZOJRMF0KOF759
        VeriSign, Inc.
        92343EAM4
        
          
        
        70000.00000000
        PA
        USD
        63463.40000000
        0.056931883453
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-06-15
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Rio Tinto Finance USA Ltd.
        213800RX94ZKEZXPKH58
        Rio Tinto Finance USA Ltd.
        767201AT3
        
          
        
        115000.00000000
        PA
        USD
        99669.11000000
        0.089411379700
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2051-11-02
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hyundai Capital America
        549300RIPPWJB5Z0FK07
        Hyundai Capital America
        44891AAW7
        
          
        
        66000.00000000
        PA
        USD
        66869.32000000
        0.059987273497
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-06-08
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        British Airways Pass-Through Trust
        N/A
        British Airways Pass-Through Trust, Series 2021-1, Class A
        11042CAA8
        
          
        
        62958.02000000
        PA
        USD
        58058.35000000
        0.052083109567
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2035-03-15
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Simon Property Group L.P.
        MR92GTD0MJTTTTQDVG45
        Simon Property Group L.P.
        828807DP9
        
          
        
        96000.00000000
        PA
        USD
        88428.89000000
        0.079327978952
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        Bayview MSR Opportunity Master Fund Trust
        N/A
        Bayview MSR Opportunity Master Fund Trust, Series 2021-5, Class A2
        07336JAE8
        
          
        
        320507.91000000
        PA
        USD
        297788.45000000
        0.267140703606
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-11-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Drive Auto Receivables Trust
        N/A
        Santander Drive Auto Receivables Trust, Series 2019-3, Class D
        80286HAG4
        
          
        
        165000.00000000
        PA
        USD
        165629.05000000
        0.148582864630
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-10-15
          Fixed
          2.68000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GKA6
        
          
        
        67000.00000000
        PA
        USD
        59721.87000000
        0.053575423669
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-07-21
          Variable
          2.29900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GA Global Funding Trust
        54930029I8ROQ4OROZ88
        GA Global Funding Trust
        36143L2D6
        
          
        
        255000.00000000
        PA
        USD
        227154.00000000
        0.203775799186
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-15
          Fixed
          1.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136AYAT0
        
          
        
        365382.31000000
        PA
        USD
        64634.52000000
        0.057982474303
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2047-09-25
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FBP5
        
          
        
        231000.00000000
        PA
        USD
        203992.90000000
        0.182998389752
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2035-11-15
          Fixed
          3.13700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GJB6
        
          
        
        34000.00000000
        PA
        USD
        31425.51000000
        0.028191264142
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-29
          Variable
          2.59200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31395LMA6
        
          
        
        201579.18000000
        PA
        USD
        20906.70000000
        0.018755027430
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-01-15
          Floating
          6.30343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967MP3
        
          
        
        41000.00000000
        PA
        USD
        42641.60000000
        0.038253018298
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-31
          Variable
          4.41200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Piedmont Healthcare, Inc.
        N/A
        Piedmont Healthcare, Inc., Series 2042
        72014TAD1
        
          
        
        68000.00000000
        PA
        USD
        56876.74000000
        0.051023108325
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2042-01-01
          Fixed
          2.71900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3137B2ZH6
        
          
        
        3243.07000000
        PA
        USD
        3246.71000000
        0.002912565594
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2023-07-15
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VGB4
        
          
        
        21000.00000000
        PA
        USD
        19817.99000000
        0.017778365120
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-03-22
          Fixed
          3.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Amazon.com, Inc.
        ZXTILKJKG63JELOEG630
        Amazon.com, Inc.
        023135CB0
        
          
        
        125000.00000000
        PA
        USD
        117891.52000000
        0.105758378480
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-05-12
          Fixed
          3.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MPLX L.P.
        5493000CZJ19CK4P3G36
        MPLX L.P.
        55336VBT6
        
          
        
        284000.00000000
        PA
        USD
        296436.21000000
        0.265927633237
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-14
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31393FG91
        
          
        
        832.02000000
        PA
        USD
        97.57000000
        0.000087528305
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-06-15
          Floating
          7.70343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Barclays PLC
        213800LBQA1Y9L22JB70
        Barclays PLC
        06738EBW4
        
          
        
        200000.00000000
        PA
        USD
        174297.96000000
        0.156359589069
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2042-11-24
          Variable
          3.33000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldentree Loan Management US CLO 5 Ltd.
        549300O473GD3F35WC55
        Goldentree Loan Management US CLO 5 Ltd., Series 2019-5A, Class AR
        38138DAN6
        
          
        
        260000.00000000
        PA
        USD
        258198.72000000
        0.231625463416
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2032-10-20
          Floating
          1.32400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pacific Life Global Funding II
        6354003EUPCHXTWUU869
        Pacific Life Global Funding II
        6944PL2G3
        
          
        
        119000.00000000
        PA
        USD
        118461.04000000
        0.106269284707
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-06-04
          Floating
          0.85637400
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oceanview Mortgage Trust
        N/A
        Oceanview Mortgage Trust, Series 2021-3, Class A5
        67647WAE7
        
          
        
        192677.84000000
        PA
        USD
        184923.87000000
        0.165891903280
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-07-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Daimler Finance North America LLC
        549300423Z16BB673J12
        Daimler Finance North America LLC
        233851DU5
        
          
        
        319000.00000000
        PA
        USD
        320165.42000000
        0.287214684012
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2022-08-15
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP Capital Markets America, Inc.
        5493009NTB34VXE1T760
        BP Capital Markets America, Inc.
        10373QBR0
        
          
        
        117000.00000000
        PA
        USD
        105259.11000000
        0.094426068930
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-06-17
          Fixed
          3.06000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc., Series V
        172967MK4
        
          
        
        165000.00000000
        PA
        USD
        158400.00000000
        0.142097812898
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392BJ98
        
          
        
        761.76000000
        PA
        USD
        131.34000000
        0.000117822769
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-03-25
          Floating
          7.64343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Welltower, Inc.
        T6IZ0MBEG5ACZDTR7D06
        Welltower, Inc.
        95040QAR5
        
          
        
        55000.00000000
        PA
        USD
        55452.26000000
        0.049745232741
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-06-15
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280CX5
        
          
        
        200000.00000000
        PA
        USD
        186576.03000000
        0.167374026529
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2027-11-22
          Variable
          2.25100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Med Trust
        N/A
        Med Trust, Series 2021-MDLN, Class B
        58403YAK2
        
          
        
        268000.00000000
        PA
        USD
        263727.89000000
        0.236585583139
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-11-15
          Floating
          1.84700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMBB Commercial Mortgage Securities Trust
        N/A
        JPMBB Commercial Mortgage Securities Trust, Series 2014-C24, Class B
        46643GAK6
        
          
        
        245000.00000000
        PA
        USD
        240506.01000000
        0.215753649052
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-11-15
          Variable
          4.11570000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Race Point VIII CLO Ltd.
        5493008ABAJEYBWITR69
        Race Point VIII CLO Ltd., Series 2013-8A, Class AR2
        74982LAY6
        
          
        
        271515.00000000
        PA
        USD
        271424.86000000
        0.243490397551
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2030-02-20
          Floating
          1.51957000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        QUALCOMM, Inc.
        H1J8DDZKZP6H7RWC0H53
        QUALCOMM, Inc.
        747525BJ1
        
          
        
        55000.00000000
        PA
        USD
        53275.46000000
        0.047792464312
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-05-20
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charles Schwab Corp. (The)
        549300VSGCJ7E698NM85
        Charles Schwab Corp. (The)
        808513BZ7
        
          
        
        195000.00000000
        PA
        USD
        196157.88000000
        0.175969733148
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-03
          Floating
          1.28398300
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dryden 93 CLO Ltd.
        5493009K6Z2DW3X76185
        Dryden 93 CLO Ltd., Series 2021-93A, Class A1A
        26190TAA9
        
          
        
        100056.00000000
        PA
        USD
        99423.85000000
        0.089191361331
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2034-01-15
          Floating
          1.24000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Berkshire Hathaway Finance Corp.
        549300RLHFT5RU20WM87
        Berkshire Hathaway Finance Corp.
        084664CV1
        
          
        
        43000.00000000
        PA
        USD
        37405.78000000
        0.033556057624
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-10-15
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kaiser Foundation Hospitals
        DW4Z57L3G4IRMHYZYK62
        Kaiser Foundation Hospitals, Series 2021
        48305QAG8
        
          
        
        170000.00000000
        PA
        USD
        150502.57000000
        0.135013169397
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-06-01
          Fixed
          3.00200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        California Health Facilities Financing Authority
        5493007RI8BUDOGHZ546
        California Health Facilities Financing Authority
        13032UD88
        
          
        
        100000.00000000
        PA
        USD
        102135.51000000
        0.091623943120
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-06-01
          Fixed
          4.19000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cox Communications, Inc.
        5493001NEDZNIFRP2R92
        Cox Communications, Inc.
        224044CP0
        
          
        
        179000.00000000
        PA
        USD
        159898.02000000
        0.143441659903
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-06-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31393ADJ3
        
          
        
        22972.22000000
        PA
        USD
        23242.07000000
        0.020850046175
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2023-04-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392EHP8
        
          
        
        3368.03000000
        PA
        USD
        577.20000000
        0.000517795818
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Floating
          7.64343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CVS Health Corp.
        549300EJG376EN5NQE29
        CVS Health Corp.
        126650DM9
        
          
        
        48000.00000000
        PA
        USD
        43732.05000000
        0.039231241531
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-08-21
          Fixed
          1.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac Multifamily Structured Pass-Through Ctfs.
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K734, Class X1, IO
        3137FLN59
        
          
        
        2029108.35000000
        PA
        USD
        42531.53000000
        0.038154276465
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-02-25
          Variable
          0.64663100
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hertz Vehicle Financing III L.P.
        N/A
        Hertz Vehicle Financing III L.P., Series 2021-2A, Class A
        42806MAE9
        
          
        
        113000.00000000
        PA
        USD
        103285.03000000
        0.092655156995
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2027-12-27
          Fixed
          1.68000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Retail Auto Lease Trust
        N/A
        Santander Retail Auto Lease Trust, Series 2019-C, Class C
        80284NAG3
        
          
        
        210000.00000000
        PA
        USD
        210526.18000000
        0.188859278635
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-11-20
          Fixed
          2.39000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Continental Resources, Inc.
        XXRTID9RYWOZ0UPIVR53
        Continental Resources, Inc.
        212015AV3
        
          
        
        53000.00000000
        PA
        USD
        47344.90000000
        0.042472264784
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-01
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAA83
        
          
        
        3601.79000000
        PA
        USD
        570.18000000
        0.000511498301
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-03-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ONEOK, Inc.
        2T3D6M0JSY48PSZI1Q41
        ONEOK, Inc.
        682680BE2
        
          
        
        61000.00000000
        PA
        USD
        70675.79000000
        0.063401989797
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-15
          Fixed
          6.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394CKG6
        
          
        
        10239.80000000
        PA
        USD
        1251.11000000
        0.001122348451
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-03-25
          Floating
          6.29343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COLT Mortgage Loan Trust
        N/A
        COLT Mortgage Loan Trust
        12659YAA2
        
          
        
        260000.00000000
        PA
        USD
        259798.08000000
        0.233060220726
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-02-01
          Variable
          3.90100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invitation Homes Operating Partnership L.P.
        549300147YMUQB3GW319
        Invitation Homes Operating Partnership L.P.
        46188BAB8
        
          
        
        28000.00000000
        PA
        USD
        25389.98000000
        0.022776897901
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-11-15
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394DXZ8
        
          
        
        26761.98000000
        PA
        USD
        2981.83000000
        0.002674946473
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-05-25
          Floating
          6.14343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CSAIL Commercial Mortgage Trust
        N/A
        CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A3
        12597NAS2
        
          
        
        637000.00000000
        PA
        USD
        596957.93000000
        0.535520304578
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2053-03-15
          Fixed
          2.56080000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280BN8
        
          
        
        243000.00000000
        PA
        USD
        246564.81000000
        0.221188890395
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          N/A
          Variable
          6.25000000
          N
          N
          N
          N
          Y
          
            
              HSBC Holdings PLC
              HSBC Holdings PLC
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        American Tower Corp.
        5493006ORUSIL88JOE18
        American Tower Corp.
        03027XBK5
        
          
        
        62000.00000000
        PA
        USD
        48896.24000000
        0.043863944210
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-01-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2022-1, Class A1
        92538WAA5
        
          
        
        166293.83000000
        PA
        USD
        162031.75000000
        0.145355791004
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-01-25
          Variable
          2.72400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMBB Commercial Mortgage Securities Trust
        N/A
        JPMBB Commercial Mortgage Securities Trust, Series 2014-C25, Class AS
        46643PBJ8
        
          
        
        200000.00000000
        PA
        USD
        199754.56000000
        0.179196250583
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-11-15
          Fixed
          4.06510000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Triton Container International Ltd.
        549300O4LZFLCX53XZ54
        Triton Container International Ltd.
        89680YAC9
        
          
        
        121000.00000000
        PA
        USD
        110756.29000000
        0.099357490995
        Long
        DBT
        CORP
        BM
        N
        
        2
        
          2031-06-15
          Fixed
          3.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VMware, Inc.
        549300BUDHS3LRWBE814
        VMware, Inc.
        928563AL9
        
          
        
        52000.00000000
        PA
        USD
        45863.80000000
        0.041143596409
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-08-15
          Fixed
          2.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392ATX6
        
          
        
        544.66000000
        PA
        USD
        73.74000000
        0.000066150837
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-12-18
          Floating
          7.43243000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3137AXEJ8
        
          
        
        65733.06000000
        PA
        USD
        3454.13000000
        0.003098638374
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2027-12-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PNC Bank N.A.
        AD6GFRVSDT01YPT1CS68
        PNC Bank N.A.
        05552JAA7
        
          
        
        255000.00000000
        PA
        USD
        253127.79000000
        0.227076422618
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-08-27
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3137ARKB1
        
          
        
        150850.15000000
        PA
        USD
        7993.43000000
        0.007170763387
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2027-06-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Avolon Holdings Funding Ltd.
        635400ZRKEX9L1BKCH30
        Avolon Holdings Funding Ltd.
        05401AAP6
        
          
        
        58000.00000000
        PA
        USD
        51679.73000000
        0.046360963410
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2028-02-21
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hyundai Capital America
        549300RIPPWJB5Z0FK07
        Hyundai Capital America
        44891ABX4
        
          
        
        97000.00000000
        PA
        USD
        86188.19000000
        0.077317886973
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-15
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PAU0
        
          
        
        60000.00000000
        PA
        USD
        60703.38000000
        0.054455918772
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-07-23
          Variable
          3.79700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sonic Capital LLC
        N/A
        Sonic Capital LLC, Series 2021-1A, Class A2I
        83546DAN8
        
          
        
        119400.00000000
        PA
        USD
        104744.20000000
        0.093964152359
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2051-08-20
          Fixed
          2.19000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apple, Inc.
        HWUPKR0MPOU8FGXBT394
        Apple, Inc.
        037833BH2
        
          
        
        24000.00000000
        PA
        USD
        27203.31000000
        0.024403603879
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2045-05-13
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust 2021-7
        N/A
        Verus Securitization Trust 2021-7, Series 2021-7, Class A1
        92538QAA8
        
          
        
        263938.94000000
        PA
        USD
        250462.82000000
        0.224685725595
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-10-25
          Variable
          1.82900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co., Series I, Pfd.
        46625HHA1
        
          
        
        479000.00000000
        PA
        USD
        479003.47000000
        0.429705463747
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.76900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bunge Ltd. Finance Corp.
        549300QHC068L40NNM71
        Bunge Ltd. Finance Corp.
        120568BC3
        
          
        
        147000.00000000
        PA
        USD
        135482.96000000
        0.121539345334
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-05-14
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bayview MSR Opportunity Master Fund Trust
        N/A
        Bayview MSR Opportunity Master Fund Trust, Series 2021-4, Class A8
        07336GAH7
        
          
        
        244179.13000000
        PA
        USD
        234076.22000000
        0.209985599201
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-10-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYC2
        
          
        
        36000.00000000
        PA
        USD
        32704.57000000
        0.029338686040
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2042-04-22
          Variable
          3.21000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VFR0
        
          
        
        34000.00000000
        PA
        USD
        29690.80000000
        0.026635086762
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-20
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31296XJA4
        
          
        
        17480.84000000
        PA
        USD
        18801.22000000
        0.016866238900
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-04-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Madison Park Funding XLVIII Ltd.
        N/A
        Madison Park Funding XLVIII Ltd., Series 2021-48A, Class A
        55821UAA2
        
          
        
        742000.00000000
        PA
        USD
        736875.01000000
        0.661037419825
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-04-19
          Floating
          1.39800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYN8
        
          
        
        109000.00000000
        PA
        USD
        98782.02000000
        0.088615587093
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-10-21
          Variable
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        N/A
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        00774MAW5
        
          
        
        154000.00000000
        PA
        USD
        142315.70000000
        0.127668874438
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2028-10-29
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nationwide Building Society
        549300XFX12G42QIKN82
        Nationwide Building Society
        63861VAE7
        
          
        
        150000.00000000
        PA
        USD
        149794.06000000
        0.134377577721
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2030-07-18
          Variable
          3.96000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Standard Chartered PLC
        U4LOSYZ7YG4W3S5F2G91
        Standard Chartered PLC
        853254CC2
        
          
        
        200000.00000000
        PA
        USD
        176178.00000000
        0.158046139398
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2032-06-29
          Variable
          2.67800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T, Inc.
        549300Z40J86GGSTL398
        AT&T, Inc.
        00206RKJ0
        
          
        
        87000.00000000
        PA
        USD
        76670.01000000
        0.068779297575
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2053-09-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fifth Third Bank N.A.
        QFROUN1UWUYU0DVIWD51
        Fifth Third Bank N.A.
        31677AAB0
        
          
        
        168000.00000000
        PA
        USD
        170715.76000000
        0.153146061384
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-03-15
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charles Schwab Corp. (The)
        549300VSGCJ7E698NM85
        Charles Schwab Corp. (The)
        808513CA1
        
          
        
        118000.00000000
        PA
        USD
        113770.28000000
        0.102061287631
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-03
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCWD4
        
          
        
        39720.73000000
        PA
        USD
        7232.28000000
        0.006487949307
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-08-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Westpac Banking Corp.
        EN5TNI6CI43VEPAMHL14
        Westpac Banking Corp.
        961214EY5
        
          
        
        75000.00000000
        PA
        USD
        64511.42000000
        0.057872043490
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2041-11-18
          Fixed
          3.13300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Skyworks Solutions, Inc.
        549300WZ3ORQ2BVKBD96
        Skyworks Solutions, Inc.
        83088MAL6
        
          
        
        31000.00000000
        PA
        USD
        27647.47000000
        0.024802051888
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-06-01
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Symphony CLO XXII Ltd.
        N/A
        Symphony CLO XXII Ltd., Series 2020-22A, Class A1A
        87167GAA8
        
          
        
        250000.00000000
        PA
        USD
        248295.75000000
        0.222741685775
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-04-18
          Floating
          1.53129000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31395DUU1
        
          
        
        23500.65000000
        PA
        USD
        33774.24000000
        0.030298267905
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2036-06-25
          Floating
          22.52591000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FS KKR Capital Corp.
        549300TYRSI1T21B1360
        FS KKR Capital Corp.
        302635AJ6
        
          
        
        79000.00000000
        PA
        USD
        74528.84000000
        0.066858492183
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-10-12
          Fixed
          1.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group, Series E
        78486QAQ4
        
          
        
        197000.00000000
        PA
        USD
        176561.25000000
        0.158389946133
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GS Mortgage-Backed Securities Trust
        N/A
        GS Mortgage-Backed Securities Trust, Series 2021-INV1, Class A6
        36263KAF8
        
          
        
        215863.07000000
        PA
        USD
        206945.62000000
        0.185647222164
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-12-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 10 Year Ultra Future
        N/A
        
          
        
        -24.00000000
        NC
        USD
        97350.29000000
        0.087331207664
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Short
            
              
                United States Treasury Note/Bond
                U.S. Treasury Notes
                
                  
                
              
            
            2022-06-21
            3348600.29000000
            USD
            97350.29000000
          
        
        
          N
          N
          N
        
      
      
        Lundin Energy Finance B.V.
        549300JSNI1KL271GM17
        Lundin Energy Finance B.V.
        55037AAA6
        
          
        
        216000.00000000
        PA
        USD
        201446.16000000
        0.180713754752
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2026-07-15
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        N/A
        AerCap Ireland Capital DAC/AerCap Global Aviation Trust
        00774MAX3
        
          
        
        211000.00000000
        PA
        USD
        190547.33000000
        0.170936608879
        Long
        DBT
        CORP
        IE
        N
        
        2
        
          2032-01-30
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31293FS73
        
          
        
        1592.25000000
        PA
        USD
        1710.95000000
        0.001534862708
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2028-12-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TDE69
        
          
        
        468.35000000
        PA
        USD
        507.62000000
        0.000455376842
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-04-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hyundai Capital America
        549300RIPPWJB5Z0FK07
        Hyundai Capital America
        44891ABJ5
        
          
        
        57000.00000000
        PA
        USD
        58601.10000000
        0.052570000905
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-04-06
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brighthouse Financial, Inc.
        5493003T8SZSHOGGAW52
        Brighthouse Financial, Inc.
        10922NAH6
        
          
        
        169000.00000000
        PA
        USD
        141352.47000000
        0.126804777997
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-12-22
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kimco Realty Corp.
        549300EA7I6T15IBYS12
        Kimco Realty Corp.
        49446RAY5
        
          
        
        80000.00000000
        PA
        USD
        71766.91000000
        0.064380814074
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-12-01
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Secured Lending Fund
        549300KM7KWQHVBNH962
        Blackstone Secured Lending Fund
        09261XAB8
        
          
        
        183000.00000000
        PA
        USD
        170200.07000000
        0.152683445089
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-09-16
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cedar Funding IX CLO Ltd.
        N/A
        Cedar Funding IX CLO Ltd., Series 2018-9A, Class A1
        15033EAA6
        
          
        
        250000.00000000
        PA
        USD
        248815.75000000
        0.223208168495
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2031-04-20
          Floating
          1.23400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Electronic Arts, Inc.
        549300O7A67PUEYKDL45
        Electronic Arts, Inc.
        285512AE9
        
          
        
        81000.00000000
        PA
        USD
        71247.71000000
        0.063915049021
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-15
          Fixed
          1.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3137FGV77
        
          
        
        30646.94000000
        PA
        USD
        1959.75000000
        0.001758056747
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2045-03-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Residential Accredit Loans, Inc. Trust
        N/A
        Residential Accredit Loans, Inc. Trust, Series 2007-QS6, Class A28
        75116CBD7
        
          
        
        3983.98000000
        PA
        USD
        3755.58000000
        0.003369063788
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2037-04-25
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Synchrony Financial
        549300RS7EWPM9MA6C78
        Synchrony Financial
        87165BAD5
        
          
        
        34000.00000000
        PA
        USD
        34500.50000000
        0.030949782789
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-08-15
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Omega Healthcare Investors, Inc.
        549300OJ7ENK42CZ8E73
        Omega Healthcare Investors, Inc.
        681936BN9
        
          
        
        89000.00000000
        PA
        USD
        77761.46000000
        0.069758417889
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-04-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXM1
        
          
        
        54000.00000000
        PA
        USD
        49511.48000000
        0.044415865033
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-12-09
          Variable
          1.09300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Realty Income Corp.
        549300CUWDAUZSH43859
        Realty Income Corp.
        756109BL7
        
          
        
        23000.00000000
        PA
        USD
        21766.36000000
        0.019526213072
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-12-15
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Equity Investment Life Holding Co.
        549300RK5RZQ740FPL83
        American Equity Investment Life Holding Co.
        025676AM9
        
          
        
        55000.00000000
        PA
        USD
        57473.13000000
        0.051558119150
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-06-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Marvell Technology, Inc.
        N/A
        Marvell Technology, Inc.
        573874AJ3
        
          
        
        117000.00000000
        PA
        USD
        108344.96000000
        0.097194329889
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Neuberger Berman Loan Advisers CLO 40 Ltd.
        549300Y2YE54ON4DJE28
        Neuberger Berman Loan Advisers CLO 40 Ltd., Series 2021-40A, Class A
        64134JAA1
        
          
        
        250000.00000000
        PA
        USD
        248904.75000000
        0.223288008806
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-04-16
          Floating
          1.30129000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ING Groep N.V.
        549300NYKK9MWM7GGW15
        ING Groep N.V.
        AL2981127
        
          
        
        200000.00000000
        PA
        USD
        200471.20000000
        0.179839135537
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          N/A
          Variable
          6.87500000
          N
          N
          N
          N
          Y
          
            
              ING Groep N.V.
              ING Groep N.V.
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        COLT Mortgage Loan Trust
        N/A
        COLT Mortgage Loan Trust
        19685EAA9
        
          
        
        191256.43000000
        PA
        USD
        187152.85000000
        0.167891481456
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2067-02-25
          Variable
          2.99400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31398LPG7
        
          
        
        34823.11000000
        PA
        USD
        4409.23000000
        0.003955441537
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2039-12-15
          Floating
          5.85343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31397M4E4
        
          
        
        66.70000000
        PA
        USD
        1.19000000
        0.000001067527
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2024-02-25
          Floating
          6.24343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AbbVie, Inc.
        FR5LCKFTG8054YNNRU85
        AbbVie, Inc.
        00287YCV9
        
          
        
        72000.00000000
        PA
        USD
        73461.70000000
        0.065901179935
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-06-15
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM Mortgage Trust, Series 2014-CR21, Class AM
        12592RBJ7
        
          
        
        715000.00000000
        PA
        USD
        713849.14000000
        0.640381322810
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-12-10
          Fixed
          3.98700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Southern Co. (The)
        549300FC3G3YU2FBZD92
        Southern Co. (The), Series 2021-A
        842587DJ3
        
          
        
        57000.00000000
        PA
        USD
        52699.35000000
        0.047275646314
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-09-15
          Variable
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CNA Financial Corp.
        549300YX2GSZD7YG1R84
        CNA Financial Corp.
        126117AU4
        
          
        
        34000.00000000
        PA
        USD
        34084.85000000
        0.030576910593
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-08-15
          Fixed
          3.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Anheuser-Busch InBev Worldwide, Inc.
        549300CRGMZK3K53BF92
        Anheuser-Busch InBev Worldwide, Inc.
        03523TBF4
        
          
        
        24000.00000000
        PA
        USD
        35562.44000000
        0.031902430210
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2039-01-15
          Fixed
          8.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136APZR6
        
          
        
        223407.12000000
        PA
        USD
        28415.40000000
        0.025490948185
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-08-25
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        California State University
        N/A
        California State University, Series 2021 B, Ref. RB
        13077DRV6
        
          
        
        170000.00000000
        PA
        USD
        146200.99000000
        0.131154298753
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2052-11-01
          Fixed
          2.93900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Duke Energy Corp.
        I1BZKREC126H0VB1BL91
        Duke Energy Corp.
        26441CBP9
        
          
        
        79000.00000000
        PA
        USD
        70088.34000000
        0.062874998886
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2082-01-15
          Variable
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FANS5
        
          
        
        1568.74000000
        PA
        USD
        231.11000000
        0.000207324656
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-07-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Enbridge, Inc.
        98TPTUM4IVMFCZBCUR27
        Enbridge, Inc.
        29250NBM6
        
          
        
        33000.00000000
        PA
        USD
        33001.14000000
        0.029604733694
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2024-02-16
          Floating
          0.82562800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mylan, Inc.
        30ZMPDNA1RHIBH89C294
        Mylan, Inc.
        628530AV9
        
          
        
        49000.00000000
        PA
        USD
        49212.33000000
        0.044147502907
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-01-15
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TDPP5
        
          
        
        69319.84000000
        PA
        USD
        74265.22000000
        0.066622003386
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-04-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OWL Rock Core Income Corp.
        5493003I42XBWPE05N35
        OWL Rock Core Income Corp.
        69120VAE1
        
          
        
        122000.00000000
        PA
        USD
        117487.23000000
        0.105395697136
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-02-08
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCYZ3
        
          
        
        45463.56000000
        PA
        USD
        7466.14000000
        0.006697740939
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-09-25
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CubeSmart L.P.
        549300MPHKO3I3FJRA97
        CubeSmart L.P.
        22966RAH9
        
          
        
        29000.00000000
        PA
        USD
        26377.12000000
        0.023662443576
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-12-15
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Auto Receivables Trust
        N/A
        Drive Auto Receivables Trust, Series 2018-5, Class C
        26208MAF3
        
          
        
        6599.15000000
        PA
        USD
        6606.84000000
        0.005926878246
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-01-15
          Fixed
          3.99000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Progressive Corp. (The)
        529900TACNVLY9DCR586
        Progressive Corp. (The)
        743315BA0
        
          
        
        55000.00000000
        PA
        USD
        55465.45000000
        0.049757065255
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-15
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Auto Receivables Trust
        N/A
        Drive Auto Receivables Trust, Series 2018-3, Class D
        26208KAG5
        
          
        
        62083.63000000
        PA
        USD
        62536.33000000
        0.056100225503
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-09-16
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chase Home Lending Mortgage Trust
        N/A
        Chase Home Lending Mortgage Trust, Series 2019-ATR1, Class A15
        16158RAR7
        
          
        
        6823.42000000
        PA
        USD
        6839.26000000
        0.006135378079
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2049-04-25
          Variable
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VFV1
        
          
        
        43000.00000000
        PA
        USD
        35212.25000000
        0.031588281011
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2060-11-20
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T, Inc.
        549300Z40J86GGSTL398
        AT&T, Inc.
        00206RKF8
        
          
        
        31000.00000000
        PA
        USD
        26458.86000000
        0.023735771071
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-02-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Credit Acceptance Receivables Trust
        N/A
        American Credit Acceptance Receivables Trust, Series 2018-3, Class D
        02530AAG7
        
          
        
        581.50000000
        PA
        USD
        581.93000000
        0.000522039016
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-10-15
          Fixed
          4.14000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Visio Trust
        N/A
        Visio Trust, Series 2020-1R, Class A1
        92837MAA5
        
          
        
        88101.33000000
        PA
        USD
        86132.49000000
        0.077267919497
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2055-11-25
          Fixed
          1.31200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Trust
        N/A
        BX Trust
        12433EAA9
        
          
        
        220000.00000000
        PA
        USD
        216498.46000000
        0.194216904430
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2039-01-15
          Floating
          1.30116000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        17327CAQ6
        
          
        
        56000.00000000
        PA
        USD
        52382.24000000
        0.046991172592
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-01-25
          Variable
          3.05700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364HS24
        
          
        
        7856.81000000
        PA
        USD
        842.26000000
        0.000755576413
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-02-25
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Micron Technology, Inc.
        B3DXGBC8GAIYWI2Z0172
        Micron Technology, Inc.
        595112BS1
        
          
        
        58000.00000000
        PA
        USD
        52598.17000000
        0.047184879541
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-15
          Fixed
          2.70300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MFA 2021-INV2 Trust
        N/A
        MFA 2021-INV2 Trust, Series 2021-INV2, Class A1
        552732AA7
        
          
        
        214952.95000000
        PA
        USD
        203540.86000000
        0.182592872736
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2056-11-25
          Variable
          1.90600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AEP Texas, Inc.
        5493001L78U618KXNZ75
        AEP Texas, Inc.
        00108WAG5
        
          
        
        162000.00000000
        PA
        USD
        165640.47000000
        0.148593109308
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-01
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ally Financial, Inc.
        549300JBN1OSM8YNAI90
        Ally Financial, Inc.
        02005NBP4
        
          
        
        62000.00000000
        PA
        USD
        56136.11000000
        0.050358702371
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-11-02
          Fixed
          2.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brookfield Finance, Inc.
        549300XH8D8K6OYWGD17
        Brookfield Finance, Inc.
        11271LAC6
        
          
        
        126000.00000000
        PA
        USD
        126705.08000000
        0.113664865852
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2028-01-25
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Secured Lending Fund
        549300KM7KWQHVBNH962
        Blackstone Secured Lending Fund
        09261XAF9
        
          
        
        68000.00000000
        PA
        USD
        59073.88000000
        0.052994123405
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-30
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Progressive Corp. (The)
        529900TACNVLY9DCR586
        Progressive Corp. (The)
        743315AY9
        
          
        
        75000.00000000
        PA
        USD
        73543.12000000
        0.065974220364
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967MQ1
        
          
        
        49000.00000000
        PA
        USD
        48618.41000000
        0.043614707876
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-08
          Variable
          3.10600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNP Paribas S.A.
        R0MUWSFPU8MPRO8K5P83
        BNP Paribas S.A.
        05565AB28
        
          
        
        409000.00000000
        PA
        USD
        385482.50000000
        0.345809470710
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          N/A
          Variable
          4.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Financial Group, Inc.
        35380028MYWPB6AUO129
        Sumitomo Mitsui Financial Group, Inc.
        86562MCJ7
        
          
        
        200000.00000000
        PA
        USD
        177235.40000000
        0.158994714066
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2031-09-17
          Fixed
          2.22200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Financial Group, Inc.
        35380028MYWPB6AUO129
        Sumitomo Mitsui Financial Group, Inc.
        86562MCA6
        
          
        
        200000.00000000
        PA
        USD
        188398.58000000
        0.169009003605
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2025-07-08
          Fixed
          1.47400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Athene Global Funding
        549300LM1QSI4MSIL320
        Athene Global Funding
        04685A2K6
        
          
        
        78000.00000000
        PA
        USD
        75632.34000000
        0.067848422338
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-12
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ares Capital Corp.
        WEQ82666OJYSI5GUAB47
        Ares Capital Corp.
        04010LBB8
        
          
        
        96000.00000000
        PA
        USD
        85161.83000000
        0.076397157736
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-15
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banc of America Funding Trust
        N/A
        Banc of America Funding Trust, Series 2007-C, Class 1A4
        059522AW2
        
          
        
        12437.66000000
        PA
        USD
        12370.79000000
        0.011097614916
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-05-20
          Variable
          2.99412700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Express Co.
        R4PP93JZOLY261QX3811
        American Express Co.
        025816CS6
        
          
        
        127000.00000000
        PA
        USD
        123639.49000000
        0.110914779778
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-04
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VGK4
        
          
        
        39000.00000000
        PA
        USD
        36663.72000000
        0.032890368842
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-03-22
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mid-America Apartments L.P.
        549300FXWGE3QSYCUJ38
        Mid-America Apartments L.P.
        59523UAU1
        
          
        
        15000.00000000
        PA
        USD
        12615.44000000
        0.011317086065
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-09-15
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kaiser Foundation Hospitals
        DW4Z57L3G4IRMHYZYK62
        Kaiser Foundation Hospitals, Series 2021
        48305QAF0
        
          
        
        160000.00000000
        PA
        USD
        140248.84000000
        0.125814731221
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-06-01
          Fixed
          2.81000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392DAG7
        
          
        
        449.56000000
        PA
        USD
        74.49000000
        0.000066823649
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Floating
          7.34343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280CY3
        
          
        
        200000.00000000
        PA
        USD
        182045.29000000
        0.163309580539
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2032-11-22
          Variable
          2.87100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Home Loan Mortgage Corp.
        S6XOOCT0IEG5ABCC6L87
        Federal Home Loan Mortgage Corp.
        31298EX67
        
          
        
        2974.31000000
        PA
        USD
        3200.21000000
        0.002870851274
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-08-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PacifiCorp
        SGY07Y7FNYBNLM6Z1M11
        PacifiCorp
        695114CY2
        
          
        
        80000.00000000
        PA
        USD
        70260.12000000
        0.063029099658
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-06-15
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136AAQJ7
        
          
        
        52635.31000000
        PA
        USD
        9841.17000000
        0.008828337963
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2042-12-25
          Floating
          5.69343000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cooperatieve Rabobank UA
        DG3RU1DBUFHT4ZF9WN62
        Cooperatieve Rabobank UA
        74977RDP6
        
          
        
        250000.00000000
        PA
        USD
        249575.22000000
        0.223889475477
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2033-04-06
          Variable
          3.75800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BPCE S.A.
        9695005MSX1OYEMGDF46
        BPCE S.A.
        05578AAW8
        
          
        
        250000.00000000
        PA
        USD
        248576.15000000
        0.222993227611
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2025-01-14
          Floating
          0.69012800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hertz Vehicle Financing III L.P.
        N/A
        Hertz Vehicle Financing III L.P., Series 2021-2A, Class B
        42806MAF6
        
          
        
        103000.00000000
        PA
        USD
        93981.16000000
        0.084308821272
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2027-12-27
          Fixed
          2.12000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lehman Structured Securities Corp.
        N/A
        Lehman Structured Securities Corp., Series 2002-GE1, Class A
        52518RBE5
        
          
        
        11387.11000000
        PA
        USD
        3631.05000000
        0.003257350148
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2024-07-26
          Variable
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CED9
        
          
        
        2398000.00000000
        PA
        USD
        2347417.19000000
        2.105826064763
        Long
        DBT
        UST
        US
        N
        
        2
        
          2025-03-15
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXN9
        
          
        
        429000.00000000
        PA
        USD
        421614.49000000
        0.378222834060
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-12-09
          Floating
          1.03833800
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      2022-04-30
      AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
      Sheri Morris
      Sheri Morris
      President
    
  
  XXXX



Schedule of Investments(a)
March 31, 2022
(Unaudited)
  Principal
Amount
Value
U.S. Dollar Denominated Bonds & Notes–44.35%
Advertising–0.07%
Interpublic Group of Cos., Inc. (The), 4.20%, 04/15/2024       $24,000      $24,456
WPP Finance 2010 (United Kingdom), 3.75%, 09/19/2024       49,000      49,547
      74,003
Aerospace & Defense–0.15%
BAE Systems Holdings, Inc. (United Kingdom), 3.85%, 12/15/2025(b)       39,000      39,180
Boeing Co. (The), 2.20%, 02/04/2026       91,000      86,135
L3Harris Technologies, Inc., 3.85%, 06/15/2023       46,000      46,673
      171,988
Agricultural & Farm Machinery–0.12%
Bunge Ltd. Finance Corp., 2.75%, 05/14/2031      147,000     135,483
Airlines–0.65%
American Airlines Pass-Through Trust,                       
Series 2021-1, Class B, 3.95%, 07/11/2030      128,000     116,184
Series 2021-1, Class A, 2.88%, 07/11/2034      147,000     133,242
British Airways Pass-Through Trust (United Kingdom), Series 2021-1, Class A, 2.90%, 03/15/2035(b)       62,958      58,058
Delta Air Lines, Inc./SkyMiles IP Ltd.,                       
4.50%, 10/20/2025(b)       89,562      90,153
4.75%, 10/20/2028(b)      196,914     198,766
United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 10/15/2027      122,510     127,013
      723,416
Airport Services–0.16%
Airport Authority (Hong Kong), 3.25%, 01/12/2052(b)      200,000     178,999
Apparel Retail–0.05%
Ross Stores, Inc., 3.38%, 09/15/2024       56,000      56,393
Application Software–0.49%
salesforce.com, inc.,                       
2.90%, 07/15/2051      138,000     122,960
3.05%, 07/15/2061       82,000      72,354
Workday, Inc.,                       
3.70%, 04/01/2029      146,000     146,457
3.80%, 04/01/2032      207,000     206,862
      548,633
Asset Management & Custody Banks–0.89%
Ares Capital Corp., 2.88%, 06/15/2028       96,000      85,162
Bank of New York Mellon Corp. (The), Series I, 3.75%(c)(d)      291,000     269,728
  Principal
Amount
Value
Asset Management & Custody Banks–(continued)
Blackstone Secured Lending Fund,                       
2.75%, 09/16/2026      $183,000     $170,200
2.13%, 02/15/2027(b)      110,000      97,751
2.85%, 09/30/2028(b)       68,000      59,074
Brookfield Asset Management, Inc. (Canada), 4.00%, 01/15/2025       42,000      42,531
CI Financial Corp. (Canada), 3.20%, 12/17/2030       76,000      69,372
FS KKR Capital Corp., 1.65%, 10/12/2024       79,000      74,529
OWL Rock Core Income Corp., 4.70%, 02/08/2027(b)      122,000     117,487
      985,834
Automobile Manufacturers–1.13%
BMW US Capital LLC (Germany),                       
1.14% (SOFR + 0.84%), 04/01/2025(b)(e)       77,000      77,126
3.45%, 04/01/2027(b)       86,000      86,710
3.70%, 04/01/2032(b)       99,000     100,160
Daimler Finance North America LLC (Germany), 2.55%, 08/15/2022(b)      319,000     320,165
Daimler Trucks Finance North America LLC (Germany),                       
3.50%, 04/07/2025(b)      181,000     180,801
3.65%, 04/07/2027(b)      150,000     149,702
General Motors Financial Co., Inc., 4.15%, 06/19/2023       45,000      45,682
Hyundai Capital America,                       
5.75%, 04/06/2023(b)       57,000      58,601
4.13%, 06/08/2023(b)       66,000      66,869
2.00%, 06/15/2028(b)       97,000      86,188
Nissan Motor Acceptance Co. LLC, 1.85%, 09/16/2026(b)      101,000      90,583
      1,262,587
Automotive Retail–0.11%
Advance Auto Parts, Inc., 1.75%, 10/01/2027      136,000     122,702
Biotechnology–0.07%
AbbVie, Inc., 3.85%, 06/15/2024       72,000      73,462
Brewers–0.03%
Anheuser-Busch InBev Worldwide, Inc. (Belgium), 8.20%, 01/15/2039       24,000      35,562
Building Products–0.24%
Fortune Brands Home & Security, Inc.,                       
4.00%, 03/25/2032       58,000      58,159
4.50%, 03/25/2052      136,000     133,349
Johnson Controls International PLC/Tyco Fire & Security Finance S.C.A., 2.00%, 09/16/2031       38,000      33,411
Masco Corp., 1.50%, 02/15/2028       50,000      44,095
      269,014
 
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Cable & Satellite–0.64%
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,                       
1.97% (3 mo. USD LIBOR + 1.65%), 02/01/2024(e)      $103,000     $105,035
3.50%, 06/01/2041       61,000      50,851
3.50%, 03/01/2042      123,000     102,038
3.90%, 06/01/2052       89,000      75,329
3.85%, 04/01/2061       88,000      71,025
4.40%, 12/01/2061       41,000      35,837
Comcast Corp., 2.65%, 08/15/2062       56,000      43,354
Cox Communications, Inc.,                       
2.60%, 06/15/2031(b)       72,000      65,173
3.60%, 06/15/2051(b)      179,000     159,898
      708,540
Computer & Electronics Retail–0.16%
Dell International LLC/EMC Corp.,                       
5.30%, 10/01/2029       56,000      61,094
3.45%, 12/15/2051(b)       78,000      63,551
Leidos, Inc., 2.30%, 02/15/2031       65,000      56,470
      181,115
Consumer Finance–0.19%
Ally Financial, Inc., 2.20%, 11/02/2028       62,000      56,136
American Express Co., 2.55%, 03/04/2027      127,000     123,639
Synchrony Financial, 4.25%, 08/15/2024       34,000      34,501
      214,276
Distillers & Vintners–0.28%
Pernod Ricard S.A. (France), 4.25%, 07/15/2022(b)      307,000     309,215
Distributors–0.09%
Genuine Parts Co., 2.75%, 02/01/2032      105,000      96,488
Diversified Banks–10.35%
Banco Santander S.A. (Spain), 1.72%, 09/14/2027(c)      200,000     180,936
Bank of America Corp.,                       
3.82%, 01/20/2028(c)       28,000      28,355
1.23% (SOFR + 1.05%), 02/04/2028(e)      169,000     167,980
4.27%, 07/23/2029(c)       38,000      39,244
2.59%, 04/29/2031(c)       34,000      31,426
2.69%, 04/22/2032(c)      144,000     132,644
2.30%, 07/21/2032(c)       67,000      59,722
2.57%, 10/20/2032(c)       89,000      81,011
2.97%, 02/04/2033(c)      115,000     107,878
2.48%, 09/21/2036(c)      119,000     102,499
3.85%, 03/08/2037(c)       52,000      49,869
7.75%, 05/14/2038      232,000     324,717
Series RR, 4.38%(c)(d)      293,000     276,094
Barclays PLC (United Kingdom), 3.33%, 11/24/2042(c)      200,000     174,298
BNP Paribas S.A. (France),                       
2.16%, 09/15/2029(b)(c)      206,000     183,577
4.63%(b)(c)(d)      409,000     385,483
  Principal
Amount
Value
Diversified Banks–(continued)
BPCE S.A. (France),                       
0.69% (SOFR + 0.57%), 01/14/2025(b)(e)      $250,000     $248,576
4.50%, 03/15/2025(b)      185,000     187,250
2.05%, 10/19/2027(b)(c)      250,000     230,357
Citigroup, Inc.,                       
0.84% (SOFR + 0.69%), 01/25/2026(e)       74,000      72,842
3.11%, 04/08/2026(c)       49,000      48,618
4.08%, 04/23/2029(c)       41,000      41,830
4.41%, 03/31/2031(c)       41,000      42,642
2.56%, 05/01/2032(c)       91,000      82,242
2.52%, 11/03/2032(c)       58,000      52,148
3.06%, 01/25/2033(c)       56,000      52,382
3.79%, 03/17/2033(c)      239,000     237,198
2.90%, 11/03/2042(c)       90,000      77,414
3.88%(c)(d)      376,000     355,320
Series V, 4.70%(c)(d)      165,000     158,400
Commonwealth Bank of Australia (Australia), 2.69%, 03/11/2031(b)      200,000     178,208
Cooperatieve Rabobank U.A. (Netherlands), 3.76%, 04/06/2033(b)(c)      250,000     249,575
Credit Agricole S.A. (France),                       
4.38%, 03/17/2025(b)      310,000     313,945
4.75%(b)(c)(d)      209,000     190,175
7.88%(b)(c)(d)      200,000     211,375
Danske Bank A/S (Denmark), 1.55%, 09/10/2027(b)(c)      200,000     182,411
Discover Bank, 4.65%, 09/13/2028      116,000     120,586
HSBC Holdings PLC (United Kingdom),                       
3.95%, 05/18/2024(c)      103,000     104,077
1.69% (SOFR + 1.43%), 03/10/2026(e)      254,000     254,774
2.25%, 11/22/2027(c)      200,000     186,576
2.87%, 11/22/2032(c)      200,000     182,045
4.60%(c)(d)      225,000     201,375
6.25%(c)(d)      243,000     246,565
ING Groep N.V. (Netherlands),                       
1.31% (SOFR + 1.01%), 04/01/2027(e)      368,000     362,652
6.88%(b)(c)(d)      200,000     200,471
JPMorgan Chase & Co.,                       
3.80%, 07/23/2024(c)       60,000      60,703
2.08%, 04/22/2026(c)       65,000      62,773
3.78%, 02/01/2028(c)       55,000      55,767
3.54%, 05/01/2028(c)       39,000      39,152
2.58%, 04/22/2032(c)       89,000      81,661
2.96%, 01/25/2033(c)       56,000      52,852
3.11%, 04/22/2041(c)       38,000      34,460
Mitsubishi UFJ Financial Group, Inc. (Japan), 2.49%, 10/13/2032(c)      211,000     190,192
Mizuho Financial Group, Inc. (Japan), 2.56%, 09/13/2031      200,000     175,220
National Australia Bank Ltd. (Australia), 3.93%, 08/02/2034(b)(c)      153,000     149,875
Nordea Bank Abp (Finland),                       
3.75%(b)(c)(d)      210,000     180,774
6.63%(b)(c)(d)      202,000     212,039
PNC Bank N.A., 2.50%, 08/27/2024      255,000     253,128
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Diversified Banks–(continued)
Royal Bank of Canada (Canada),                       
3.70%, 10/05/2023       $38,000      $38,707
0.85% (SOFR + 0.71%), 01/21/2027(e)      235,000     232,648
Standard Chartered PLC (United Kingdom), 2.68%, 06/29/2032(b)(c)      200,000     176,178
Sumitomo Mitsui Financial Group, Inc. (Japan),                       
1.47%, 07/08/2025      200,000     188,399
2.14%, 09/23/2030      107,000      93,965
2.22%, 09/17/2031      200,000     177,235
Sumitomo Mitsui Trust Bank Ltd. (Japan), 1.35%, 09/16/2026(b)      461,000     422,448
Truist Bank, 2.64%, 09/17/2029(c)      390,000     383,730
U.S. Bancorp,                       
Series W, 3.10%, 04/27/2026       36,000      36,026
1.38%, 07/22/2030       35,000      30,337
2.49%, 11/03/2036(c)      188,000     168,908
3.70%(c)(d)      320,000     290,400
Wells Fargo & Co.,                       
3.53%, 03/24/2028(c)      100,000      99,879
3.58%, 05/22/2028(c)       41,000      40,985
4.75%, 12/07/2046       29,000      31,647
Series BB, 3.90%(c)(d)      110,000     105,509
Westpac Banking Corp. (Australia), 3.13%, 11/18/2041       75,000      64,511
      11,527,870
Diversified Capital Markets–1.00%
Credit Suisse AG (Switzerland), 3.63%, 09/09/2024      189,000     191,274
Credit Suisse Group AG (Switzerland),                       
4.55%, 04/17/2026      147,000     149,687
4.19%, 04/01/2031(b)(c)      250,000     247,057
5.10%(b)(c)(d)      201,000     185,422
UBS Group AG (Switzerland),                       
4.13%, 04/15/2026(b)      153,000     155,969
4.38%(b)(c)(d)      200,000     181,000
      1,110,409
Diversified Chemicals–0.03%
Dow Chemical Co. (The), 3.63%, 05/15/2026       31,000      31,404
Diversified Metals & Mining–0.09%
Rio Tinto Finance USA Ltd. (Australia), 2.75%, 11/02/2051      115,000      99,669
Diversified REITs–0.20%
American Campus Communities Operating Partnership L.P., 2.25%, 01/15/2029       55,000      50,339
Brixmor Operating Partnership L.P.,                       
4.13%, 05/15/2029       21,000      21,566
4.05%, 07/01/2030       34,000      34,166
2.50%, 08/16/2031       44,000      38,937
CubeSmart L.P.,                       
2.25%, 12/15/2028       29,000      26,377
2.50%, 02/15/2032       57,000      51,097
      222,482
  Principal
Amount
Value
Drug Retail–0.28%
CK Hutchison International 21 Ltd. (United Kingdom), 1.50%, 04/15/2026(b)      $339,000     $317,099
Electric Utilities–0.77%
AEP Texas, Inc., 3.95%, 06/01/2028(b)      162,000     165,641
Duke Energy Corp., 3.25%, 01/15/2082(c)       79,000      70,088
EDP Finance B.V. (Portugal), 3.63%, 07/15/2024(b)      219,000     219,399
Enel Finance International N.V. (Italy), 2.88%, 07/12/2041(b)      200,000     165,663
National Rural Utilities Cooperative Finance Corp., 2.75%, 04/15/2032      122,000     115,434
PacifiCorp, 2.90%, 06/15/2052       80,000      70,260
Southern Co. (The), Series 21-A, 3.75%, 09/15/2051(c)       57,000      52,699
      859,184
Electronic Equipment & Instruments–0.15%
Vontier Corp.,                       
2.40%, 04/01/2028       97,000      85,498
2.95%, 04/01/2031       91,000      81,016
      166,514
Electronic Manufacturing Services–0.04%
Jabil, Inc., 3.00%, 01/15/2031       46,000      42,206
Financial Exchanges & Data–1.12%
Cboe Global Markets, Inc., 3.00%, 03/16/2032      287,000     278,297
FactSet Research Systems, Inc.,                       
2.90%, 03/01/2027      115,000     111,944
3.45%, 03/01/2032      130,000     125,757
Intercontinental Exchange, Inc., 3.00%, 09/15/2060       34,000      28,974
Moody’s Corp.,                       
2.00%, 08/19/2031       75,000      66,645
2.75%, 08/19/2041       86,000      73,675
3.75%, 02/25/2052      104,000     102,809
3.10%, 11/29/2061      214,000     179,512
S&P Global, Inc.,                       
2.90%, 03/01/2032(b)       79,000      76,692
3.70%, 03/01/2052(b)       80,000      81,360
3.90%, 03/01/2062(b)      119,000     122,754
      1,248,419
Food Retail–0.12%
Alimentation Couche-Tard, Inc. (Canada),                       
3.44%, 05/13/2041(b)       56,000      50,455
3.63%, 05/13/2051(b)       93,000      84,775
      135,230
Health Care Distributors–0.06%
McKesson Corp., 1.30%, 08/15/2026       71,000      65,281
Health Care REITs–0.18%
Healthcare Trust of America Holdings L.P.,                       
3.50%, 08/01/2026       37,000      36,943
2.00%, 03/15/2031       34,000      29,470
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Health Care REITs–(continued)
Omega Healthcare Investors, Inc., 3.25%, 04/15/2033       $89,000      $77,762
Welltower, Inc., 3.85%, 06/15/2032       55,000      55,452
      199,627
Health Care Services–0.77%
Cigna Corp., 4.13%, 11/15/2025       34,000      35,072
CVS Health Corp., 1.30%, 08/21/2027       48,000      43,732
Fresenius Medical Care US Finance III, Inc. (Germany), 1.88%, 12/01/2026(b)      150,000     139,004
Piedmont Healthcare, Inc.,                       
Series 2032, 2.04%, 01/01/2032       70,000      61,455
Series 2042, 2.72%, 01/01/2042       68,000      56,877
2.86%, 01/01/2052       77,000      63,136
Providence St. Joseph Health Obligated Group, Series 21-A, 2.70%, 10/01/2051      205,000     162,667
Roche Holdings, Inc. (Switzerland), 2.31%, 03/10/2027(b)      300,000     291,515
      853,458
Home Improvement Retail–0.05%
Lowe’s Cos., Inc., 3.35%, 04/01/2027       52,000      52,363
Homebuilding–0.14%
D.R. Horton, Inc., 4.75%, 02/15/2023       40,000      40,631
M.D.C. Holdings, Inc., 3.97%, 08/06/2061      152,000     117,941
      158,572
Hotels, Resorts & Cruise Lines–0.44%
Expedia Group, Inc.,                       
4.63%, 08/01/2027       31,000      32,260
3.25%, 02/15/2030      334,000     318,373
2.95%, 03/15/2031      151,000     140,052
      490,685
Independent Power Producers & Energy Traders–0.20%
AES Corp. (The),                       
1.38%, 01/15/2026       34,000      31,309
2.45%, 01/15/2031       37,000      33,148
Deutsche Telekom International Finance B.V. (Germany), 4.38%, 06/21/2028(b)      149,000     156,848
      221,305
Industrial Machinery–0.02%
Flowserve Corp., 2.80%, 01/15/2032       31,000      27,470
Industrial REITs–0.05%
LXP Industrial Trust, 2.38%, 10/01/2031       57,000      50,659
Insurance Brokers–0.07%
Arthur J. Gallagher & Co., 3.50%, 05/20/2051       52,000      46,405
Assured Guaranty US Holdings, Inc., 3.60%, 09/15/2051       35,000      30,346
      76,751
  Principal
Amount
Value
Integrated Oil & Gas–0.72%
BP Capital Markets America, Inc.,                       
3.06%, 06/17/2041      $117,000     $105,259
2.94%, 06/04/2051       15,000      12,865
3.00%, 03/17/2052       58,000      50,232
BP Capital Markets PLC (United Kingdom),                       
4.38%(c)(d)       73,000      73,584
4.88%(c)(d)      229,000     230,288
Gray Oak Pipeline LLC, 2.60%, 10/15/2025(b)       45,000      43,233
Shell International Finance B.V. (Netherlands),                       
2.88%, 11/26/2041      158,000     142,228
3.00%, 11/26/2051      158,000     141,811
      799,500
Integrated Telecommunication Services–1.05%
AT&T, Inc.,                       
0.94% (SOFR + 0.64%), 03/25/2024(e)      139,000     139,000
4.30%, 02/15/2030       34,000      35,962
2.55%, 12/01/2033      195,000     173,636
3.10%, 02/01/2043       52,000      45,025
3.50%, 09/15/2053       87,000      76,670
3.50%, 02/01/2061       31,000      26,459
Verizon Communications, Inc.,                       
1.75%, 01/20/2031       34,000      29,691
2.55%, 03/21/2031       36,000      33,496
2.36%, 03/15/2032(b)      334,000     302,237
2.65%, 11/20/2040       31,000      26,450
3.40%, 03/22/2041       39,000      36,664
2.85%, 09/03/2041      125,000     110,396
2.88%, 11/20/2050       36,000      30,190
3.55%, 03/22/2051       21,000      19,818
3.00%, 11/20/2060       43,000      35,212
3.70%, 03/22/2061       58,000      54,037
      1,174,943
Interactive Home Entertainment–0.06%
Electronic Arts, Inc., 1.85%, 02/15/2031       81,000      71,248
Internet & Direct Marketing Retail–0.19%
Amazon.com, Inc.,                       
2.88%, 05/12/2041      101,000      93,447
3.10%, 05/12/2051      125,000     117,892
      211,339
Internet Services & Infrastructure–0.06%
VeriSign, Inc., 2.70%, 06/15/2031       70,000      63,463
Investment Banking & Brokerage–3.51%
Brookfield Finance I (UK) PLC (Canada), 2.34%, 01/30/2032       88,000      78,376
Brookfield Finance, Inc. (Canada),                       
3.90%, 01/25/2028      126,000     126,705
3.63%, 02/15/2052      214,000     192,698
Charles Schwab Corp. (The),                       
1.30% (SOFR + 1.05%), 03/03/2027(e)      195,000     196,158
2.45%, 03/03/2027       56,000      54,460
2.90%, 03/03/2032      118,000     113,770
5.00%(c)(d)      116,000     115,861
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Investment Banking & Brokerage–(continued)
Goldman Sachs Group, Inc. (The),                       
0.84% (SOFR + 0.58%), 03/08/2024(e)      $205,000     $203,240
0.84% (SOFR + 0.70%), 01/24/2025(e)      136,000     135,144
3.50%, 04/01/2025       42,000      42,339
3.50%, 11/16/2026       23,000      23,116
1.06% (SOFR + 0.79%), 12/09/2026(e)      429,000     421,614
1.09%, 12/09/2026(c)       54,000      49,511
1.08% (SOFR + 0.81%), 03/09/2027(e)      343,000     334,869
1.06% (SOFR + 0.92%), 10/21/2027(e)      285,000     280,317
1.95%, 10/21/2027(c)       88,000      81,906
1.35% (SOFR + 1.12%), 02/24/2028(e)       65,000      64,993
3.62%, 03/15/2028(c)      262,000     261,960
1.99%, 01/27/2032(c)       56,000      48,590
2.62%, 04/22/2032(c)       35,000      31,883
2.38%, 07/21/2032(c)       67,000      59,463
2.65%, 10/21/2032(c)      109,000      98,782
3.10%, 02/24/2033(c)       80,000      75,492
3.21%, 04/22/2042(c)       36,000      32,705
3.44%, 02/24/2043(c)       94,000      87,284
Series V, 4.13%(c)(d)      109,000     102,351
Morgan Stanley,                       
0.78% (SOFR + 0.63%), 01/24/2025(e)       96,000      95,609
5.00%, 11/24/2025       48,000      50,643
2.19%, 04/28/2026(c)       34,000      32,877
3.62%, 04/01/2031(c)       41,000      40,839
2.24%, 07/21/2032(c)      112,000      99,395
2.51%, 10/20/2032(c)       67,000      60,551
2.94%, 01/21/2033(c)       94,000      88,259
2.48%, 09/16/2036(c)      152,000     130,571
      3,912,331
IT Consulting & Other Services–0.09%
DXC Technology Co., 2.38%, 09/15/2028      110,000      99,596
Leisure Products–0.12%
Brunswick Corp., 4.40%, 09/15/2032      137,000     135,623
Life & Health Insurance–2.70%
American Equity Investment Life Holding Co., 5.00%, 06/15/2027       55,000      57,473
Athene Global Funding,                       
1.20%, 10/13/2023(b)       84,000      81,858
1.45%, 01/08/2026(b)       45,000      41,704
2.95%, 11/12/2026(b)       78,000      75,632
3.21%, 03/08/2027(b)      230,000     221,683
Athene Holding Ltd.,                       
6.15%, 04/03/2030       44,000      49,698
3.95%, 05/25/2051       13,000      11,919
3.45%, 05/15/2052      122,000     103,309
Brighthouse Financial Global Funding, 1.20%, 12/15/2023(b)      146,000     141,846
Brighthouse Financial, Inc., 3.85%, 12/22/2051      169,000     141,353
  Principal
Amount
Value
Life & Health Insurance–(continued)
Corebridge Financial, Inc.,                       
3.90%, 04/05/2032(b)       $96,000      $95,858
4.35%, 04/05/2042(b)       47,000      46,987
4.40%, 04/05/2052(b)       67,000      66,989
F&G Global Funding, 2.00%, 09/20/2028(b)      140,000     125,519
GA Global Funding Trust,                       
2.25%, 01/06/2027(b)      198,000     185,136
1.95%, 09/15/2028(b)      255,000     227,154
2.90%, 01/06/2032(b)      207,000     188,481
MAG Mutual Holding Co., 4.75%, 04/30/2041(f)      612,000     571,984
Manulife Financial Corp. (Canada), 4.06%, 02/24/2032(c)       33,000      32,984
Pacific Life Global Funding II,                       
1.10% (SOFR + 0.80%), 03/30/2025(b)(e)      270,000     269,756
0.88% (SOFR + 0.62%), 06/04/2026(b)(e)      119,000     118,461
Pacific LifeCorp, 3.35%, 09/15/2050(b)       44,000      40,423
Prudential Financial, Inc., 5.20%, 03/15/2044(c)       58,000      58,074
Reliance Standard Life Global Funding II, 2.75%, 01/21/2027(b)       57,000      55,004
      3,009,285
Life Sciences Tools & Services–0.03%
Illumina, Inc., 2.55%, 03/23/2031       34,000      30,958
Managed Health Care–0.26%
Kaiser Foundation Hospitals,                       
Series 2021,
2.81%, 06/01/2041
     160,000     140,249
3.00%, 06/01/2051      170,000     150,502
      290,751
Movies & Entertainment–1.11%
Magallanes, Inc.,                       
4.28%, 03/15/2032(b)      189,000     190,075
5.05%, 03/15/2042(b)      305,000     311,742
5.14%, 03/15/2052(b)      376,000     385,577
5.39%, 03/15/2062(b)      335,000     347,086
      1,234,480
Multi-line Insurance–0.18%
Allianz SE (Germany), 3.20%(b)(c)(d)      237,000     206,190
Multi-Utilities–0.11%
Ameren Corp., 2.50%, 09/15/2024       28,000      27,648
Dominion Energy, Inc., Series C, 3.38%, 04/01/2030       33,000      32,598
WEC Energy Group, Inc.,                       
1.38%, 10/15/2027       35,000      31,545
1.80%, 10/15/2030       34,000      29,515
      121,306
Office REITs–0.32%
Alexandria Real Estate Equities, Inc., 2.95%, 03/15/2034       66,000      62,192
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Office REITs–(continued)
Office Properties Income Trust,                       
4.25%, 05/15/2024      $141,000     $142,014
4.50%, 02/01/2025       72,000      71,929
2.65%, 06/15/2026       14,000      12,821
2.40%, 02/01/2027       71,000      63,262
      352,218
Oil & Gas Exploration & Production–0.56%
Canadian Natural Resources Ltd. (Canada), 2.05%, 07/15/2025       65,000      62,402
Cheniere Corpus Christi Holdings LLC, 2.74%, 12/31/2039(b)       80,000      69,761
Continental Resources, Inc.,                       
2.27%, 11/15/2026(b)       40,000      37,400
2.88%, 04/01/2032(b)       53,000      47,345
Lundin Energy Finance B.V. (Netherlands),                       
2.00%, 07/15/2026(b)      216,000     201,446
3.10%, 07/15/2031(b)      216,000     200,374
      618,728
Oil & Gas Storage & Transportation–1.05%
Boardwalk Pipelines L.P., 3.60%, 09/01/2032      121,000     115,525
El Paso Natural Gas Co. LLC, 8.38%, 06/15/2032       49,000      63,738
Enbridge, Inc. (Canada),                       
0.84% (SOFR + 0.63%), 02/16/2024(e)       33,000      33,001
1.60%, 10/04/2026       51,000      47,214
3.40%, 08/01/2051       51,000      45,388
Energy Transfer L.P.,                       
4.25%, 03/15/2023       34,000      34,383
4.00%, 10/01/2027       25,000      25,204
Kinder Morgan, Inc., 7.75%, 01/15/2032       67,000      86,508
MPLX L.P.,                       
1.75%, 03/01/2026       42,000      39,411
4.25%, 12/01/2027       26,000      26,902
4.95%, 03/14/2052      284,000     296,436
ONEOK, Inc., 6.35%, 01/15/2031       61,000      70,676
Williams Cos., Inc. (The),                       
3.70%, 01/15/2023       51,000      51,340
2.60%, 03/15/2031      173,000     159,563
3.50%, 10/15/2051       80,000      70,307
      1,165,596
Other Diversified Financial Services–1.88%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland),                       
2.45%, 10/29/2026      226,000     209,357
3.00%, 10/29/2028      154,000     142,316
3.30%, 01/30/2032      211,000     190,547
3.40%, 10/29/2033      194,000     174,272
3.85%, 10/29/2041      191,000     168,035
Avolon Holdings Funding Ltd. (Ireland),                       
2.13%, 02/21/2026(b)       55,000      50,285
2.75%, 02/21/2028(b)       58,000      51,680
Blackstone Holdings Finance Co. LLC,                       
1.60%, 03/30/2031(b)       72,000      61,059
2.55%, 03/30/2032(b)       58,000      53,005
2.80%, 09/30/2050(b)       31,000      25,091
3.20%, 01/30/2052(b)      124,000     107,592
  Principal
Amount
Value
Other Diversified Financial Services–(continued)
Blackstone Private Credit Fund,                       
1.75%, 09/15/2024(b)       $26,000      $24,449
2.35%, 11/22/2024(b)      101,000      96,402
2.63%, 12/15/2026(b)      221,000     199,241
3.25%, 03/15/2027(b)      111,000     101,903
Blue Owl Finance LLC, 3.13%, 06/10/2031(b)       86,000      73,329
LSEGA Financing PLC (United Kingdom),                       
1.38%, 04/06/2026(b)      200,000     184,308
2.00%, 04/06/2028(b)      203,000     185,163
      2,098,034
Packaged Foods & Meats–0.32%
Conagra Brands, Inc., 4.60%, 11/01/2025       43,000      44,570
General Mills, Inc., 2.25%, 10/14/2031       49,000      44,027
JDE Peet’s N.V. (Netherlands),                       
1.38%, 01/15/2027(b)      150,000     134,895
2.25%, 09/24/2031(b)      155,000     135,012
      358,504
Paper Packaging–0.34%
Berry Global, Inc., 1.65%, 01/15/2027      312,000     284,700
Packaging Corp. of America, 3.65%, 09/15/2024       38,000      38,518
Sealed Air Corp., 1.57%, 10/15/2026(b)       65,000      59,313
      382,531
Pharmaceuticals–0.51%
Bayer US Finance II LLC (Germany), 3.88%, 12/15/2023(b)      313,000     316,402
Bristol-Myers Squibb Co., 3.70%, 03/15/2052       83,000      83,665
Mayo Clinic, Series 2021, 3.20%, 11/15/2061      131,000     118,286
Mylan, Inc., 3.13%, 01/15/2023(b)       49,000      49,212
      567,565
Precious Metals & Minerals–0.07%
Anglo American Capital PLC (South Africa), 3.63%, 09/11/2024(b)       83,000      82,961
Property & Casualty Insurance–0.53%
Chubb INA Holdings, Inc.,                       
2.85%, 12/15/2051       28,000      24,388
3.05%, 12/15/2061       69,000      59,637
CNA Financial Corp., 3.45%, 08/15/2027       34,000      34,085
Fidelity National Financial, Inc.,                       
2.45%, 03/15/2031       46,000      40,812
3.20%, 09/17/2051       34,000      26,879
First American Financial Corp., 2.40%, 08/15/2031       74,000      64,895
Progressive Corp. (The),                       
2.50%, 03/15/2027       75,000      73,543
3.00%, 03/15/2032       39,000      37,990
3.70%, 03/15/2052       55,000      55,465
Stewart Information Services Corp., 3.60%, 11/15/2031      130,000     118,471
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Property & Casualty Insurance–(continued)
W.R. Berkley Corp., 3.15%, 09/30/2061       $65,000      $50,458
      586,623
Railroads–0.03%
Union Pacific Corp., 2.15%, 02/05/2027       35,000      33,697
Real Estate Development–0.05%
Essential Properties L.P., 2.95%, 07/15/2031       65,000      56,999
Regional Banks–2.18%
Citizens Financial Group, Inc.,                       
4.30%, 12/03/2025      143,000     146,662
2.50%, 02/06/2030       31,000      28,624
3.25%, 04/30/2030       16,000      15,661
2.64%, 09/30/2032      221,000     195,461
Fifth Third Bank N.A., 3.85%, 03/15/2026      168,000     170,716
Huntington Bancshares, Inc.,                       
4.00%, 05/15/2025       46,000      46,894
2.49%, 08/15/2036(b)(c)       69,000      60,150
KeyCorp, 2.25%, 04/06/2027       48,000      45,394
M&T Bank Corp., 3.50%(c)(d)      129,000     116,259
PNC Financial Services Group, Inc. (The),                       
3.15%, 05/19/2027       33,000      33,095
Series O, 3.99% (3 mo. USD LIBOR + 3.68%)(d)(e)      268,000     268,215
Santander Holdings USA, Inc., 3.50%, 06/07/2024       35,000      35,120
SVB Financial Group,                       
2.10%, 05/15/2028       48,000      43,842
1.80%, 02/02/2031       72,000      62,145
4.10%(c)(d)      172,000     147,060
Series C, 4.00%(c)(d)      348,000     322,335
Series D, 4.25%(c)(d)      294,000     272,501
Series E, 4.70%(c)(d)      197,000     176,561
Zions Bancorporation N.A., 3.25%, 10/29/2029      250,000     239,324
      2,426,019
Reinsurance–0.07%
Berkshire Hathaway Finance Corp., 2.85%, 10/15/2050       43,000      37,406
Global Atlantic Fin Co., 3.13%, 06/15/2031(b)       46,000      41,233
      78,639
Residential REITs–0.36%
American Homes 4 Rent L.P.,                       
2.38%, 07/15/2031       14,000      12,382
3.63%, 04/15/2032      133,000     129,698
3.38%, 07/15/2051       16,000      13,423
4.30%, 04/15/2052       67,000      65,149
Invitation Homes Operating Partnership L.P.,                       
2.30%, 11/15/2028       28,000      25,390
2.70%, 01/15/2034      101,000      88,540
Mid-America Apartments L.P., 2.88%, 09/15/2051       15,000      12,615
Spirit Realty L.P., 3.20%, 01/15/2027       32,000      31,359
  Principal
Amount
Value
Residential REITs–(continued)
Sun Communities Operating L.P., 2.70%, 07/15/2031       $19,000      $17,172
      395,728
Restaurants–0.11%
Starbucks Corp., 3.00%, 02/14/2032      129,000     123,171
Retail REITs–0.68%
Agree L.P.,                       
2.00%, 06/15/2028       34,000      30,868
2.60%, 06/15/2033       48,000      42,377
Kimco Realty Corp.,                       
1.90%, 03/01/2028       55,000      49,971
2.70%, 10/01/2030       24,000      22,520
2.25%, 12/01/2031       80,000      71,767
Kite Realty Group L.P., 4.00%, 10/01/2026       82,000      82,162
Kite Realty Group Trust, 4.75%, 09/15/2030       33,000      34,191
National Retail Properties, Inc., 3.50%, 04/15/2051       60,000      52,962
Realty Income Corp.,                       
2.20%, 06/15/2028       24,000      22,175
3.25%, 01/15/2031       34,000      33,437
2.85%, 12/15/2032       23,000      21,766
Regency Centers L.P., 2.95%, 09/15/2029       38,000      36,250
Scentre Group Trust 2 (Australia), 4.75%, 09/24/2080(b)(c)      166,000     163,095
Simon Property Group L.P., 1.38%, 01/15/2027(g)       96,000      88,429
      751,970
Semiconductors–0.73%
Broadcom, Inc.,                       
4.15%, 11/15/2030       91,000      92,373
2.45%, 02/15/2031(b)       46,000      41,106
3.42%, 04/15/2033(b)       56,000      52,369
3.47%, 04/15/2034(b)       96,000      89,109
3.14%, 11/15/2035(b)      231,000     203,993
Marvell Technology, Inc., 2.95%, 04/15/2031      117,000     108,345
Micron Technology, Inc.,                       
2.70%, 04/15/2032       58,000      52,598
3.37%, 11/01/2041       37,000      33,127
QUALCOMM, Inc.,                       
2.15%, 05/20/2030       55,000      51,225
3.25%, 05/20/2050       55,000      53,275
Skyworks Solutions, Inc.,                       
1.80%, 06/01/2026       13,000      12,095
3.00%, 06/01/2031       31,000      27,647
      817,262
Soft Drinks–0.26%
Coca-Cola Icecek A.S. (Turkey), 4.50%, 01/20/2029(b)      306,000     288,754
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Specialized REITs–0.91%
American Tower Corp.,                       
3.00%, 06/15/2023       $42,000      $42,151
4.00%, 06/01/2025       23,000      23,330
2.70%, 04/15/2031      114,000     103,289
4.05%, 03/15/2032       84,000      84,300
2.95%, 01/15/2051       62,000      48,896
Crown Castle International Corp., 2.50%, 07/15/2031      105,000      93,841
EPR Properties,                       
4.75%, 12/15/2026       56,000      56,100
4.95%, 04/15/2028       93,000      93,161
3.60%, 11/15/2031      117,000     106,275
Equinix, Inc., 3.90%, 04/15/2032      164,000     163,137
Extra Space Storage L.P.,                       
3.90%, 04/01/2029       47,000      47,143
2.35%, 03/15/2032       92,000      80,900
Life Storage L.P., 2.40%, 10/15/2031       85,000      75,053
      1,017,576
Systems Software–0.04%
VMware, Inc., 2.20%, 08/15/2031       52,000      45,864
Technology Hardware, Storage & Peripherals–0.27%
Apple, Inc.,                       
4.38%, 05/13/2045       24,000      27,203
2.55%, 08/20/2060      161,000     132,447
2.80%, 02/08/2061      163,000     140,674
      300,324
Thrifts & Mortgage Finance–0.13%
Nationwide Building Society (United Kingdom), 3.96%, 07/18/2030(b)(c)      150,000     149,794
Tobacco–0.39%
Altria Group, Inc.,                       
3.70%, 02/04/2051       79,000      64,091
4.00%, 02/04/2061       79,000      66,534
Imperial Brands Finance PLC (United Kingdom), 3.75%, 07/21/2022(b)      308,000     308,746
      439,371
Trading Companies & Distributors–0.05%
Air Lease Corp., 2.20%, 01/15/2027       55,000      50,987
Trucking–0.45%
Penske Truck Leasing Co. L.P./PTL Finance Corp.,                       
4.00%, 07/15/2025(b)       39,000      39,424
3.40%, 11/15/2026(b)       45,000      44,865
SMBC Aviation Capital Finance DAC (Ireland), 1.90%, 10/15/2026(b)      205,000     183,479
Triton Container International Ltd. (Bermuda),                       
2.05%, 04/15/2026(b)      128,000     119,513
3.15%, 06/15/2031(b)      121,000     110,756
      498,037
  Principal
Amount
Value
Wireless Telecommunication Services–0.22%
T-Mobile USA, Inc., 3.40%, 10/15/2052(b)      $288,000     $245,972
Total U.S. Dollar Denominated Bonds & Notes (Cost $52,356,677) 49,398,304
Asset-Backed Securities–28.35%
American Credit Acceptance Receivables Trust,                       
Series 2018-3, Class D, 4.14%, 10/15/2024(b)          582         582
Series 2019-3, Class C, 2.76%, 09/12/2025(b)       31,795      31,837
AmeriCredit Automobile Receivables Trust,                       
Series 2017-4, Class D, 3.08%, 12/18/2023      190,000     190,698
Series 2018-3, Class C, 3.74%, 10/18/2024      260,000     262,111
Series 2019-2, Class C, 2.74%, 04/18/2025      100,000     100,418
Series 2019-2, Class D, 2.99%, 06/18/2025      280,000     279,204
Series 2019-3, Class D, 2.58%, 09/18/2025      135,000     134,480
AMSR Trust, Series 2021-SFR3, Class B, 1.73%, 10/17/2038(b)      280,000     257,071
Angel Oak Mortgage Trust,                       
Series 2020-1, Class A1, 2.16%, 12/25/2059(b)(h)       48,321      48,269
Series 2020-3, Class A1, 1.69%, 04/25/2065(b)(h)      146,877     145,165
Series 2021-3, Class A1, 1.07%, 05/25/2066(b)(h)       84,586      80,214
Series 2021-7, Class A1, 1.98%, 10/25/2066(b)(h)      187,618     179,869
Series 2022-1, Class A1, 2.88%, 12/25/2066(b)(i)      307,162     299,889
Bain Capital Credit CLO Ltd., Series 2017-2A, Class AR2, 1.44% (3 mo. USD LIBOR + 1.18%), 07/25/2034(b)(e)      481,000     476,805
Banc of America Funding Trust,                       
Series 2007-1, Class 1A3, 6.00%, 01/25/2037       36,090      34,105
Series 2007-C, Class 1A4, 2.99%, 05/20/2036(h)       12,438      12,371
Banc of America Mortgage Trust, Series 2007-1, Class 1A24, 6.00%, 03/25/2037       22,905      20,943
Bank, Series 2019-BNK16, Class XA, IO, 0.94%, 02/15/2052(j)    1,531,379      78,833
Bayview MSR Opportunity Master Fund Trust,                       
Series 2021-4, Class A3, 3.00%, 10/25/2051(b)(h)      249,454     236,432
Series 2021-4, Class A4, 2.50%, 10/25/2051(b)(h)      250,384     232,168
Series 2021-4, Class A8, 2.50%, 10/25/2051(b)(h)      244,179     234,076
Series 2021-5, Class A1, 3.00%, 11/25/2051(b)(h)      262,991     250,870
Series 2021-5, Class A2, 2.50%, 11/25/2051(b)(h)      320,508     297,788
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Bear Stearns Adjustable Rate Mortgage Trust,                       
Series 2005-9, Class A1, 0.76% (1 yr. U.S. Treasury Yield Curve Rate + 2.30%), 10/25/2035(e)       $30,190      $30,637
Series 2006-1, Class A1, 0.65% (1 yr. U.S. Treasury Yield Curve Rate + 2.25%), 02/25/2036(e)       30,643      31,048
Benchmark Mortgage Trust, Series 2018-B1, Class XA, IO, 0.49%, 01/15/2051(j)    1,717,805      39,030
BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1, 0.97%, 03/25/2060(b)(h)      120,927     118,322
BX Commercial Mortgage Trust,                       
Series 2021-ACNT, Class A, 1.25% (1 mo. USD LIBOR + 0.85%), 11/15/2038(b)(e)      135,000     133,355
Series 2021-VOLT, Class A, 1.10% (1 mo. USD LIBOR + 0.70%), 09/15/2036(b)(e)      250,000     243,904
Series 2021-VOLT, Class B, 1.35% (1 mo. USD LIBOR + 0.95%), 09/15/2036(b)(e)      225,000     220,540
Series 2021-XL2, Class B, 1.39% (1 mo. USD LIBOR + 1.00%), 10/15/2038(b)(e)      102,476     100,261
BX Trust,                       
Series 2022-LBA6, Class A, 1.30% (1.00% + SOFR Term Rate), 01/15/2039(b)(e)      220,000     216,498
Series 2022-LBA6, Class B, 1.60% (1.30% + SOFR Term Rate), 01/15/2039(b)(e)      130,000     126,868
Series 2022-LBA6, Class C, 1.90% (1.60% + SOFR Term Rate), 01/15/2039(b)(e)      100,000      98,653
CCG Receivables Trust,                       
Series 2019-2, Class B, 2.55%, 03/15/2027(b)      105,000     104,929
Series 2019-2, Class C, 2.89%, 03/15/2027(b)      100,000      99,769
CD Mortgage Trust, Series 2017-CD6, Class XA, IO, 0.92%, 11/13/2050(j)      700,910      22,502
Cedar Funding IX CLO Ltd., Series 2018-9A, Class A1, 1.23% (3 mo. USD LIBOR + 0.98%), 04/20/2031(b)(e)      250,000     248,816
Chase Home Lending Mortgage Trust, Series 2019-ATR1, Class A15, 4.00%, 04/25/2049(b)(h)        6,823       6,839
Chase Mortgage Finance Trust, Series 2005-A2, Class 1A3, 2.96%, 01/25/2036(h)       36,498      34,717
Citigroup Commercial Mortgage Trust,                       
Series 2013-GC17, Class XA, IO, 1.00%, 11/10/2046(j)      358,148       4,429
Series 2014-GC21, Class AA, 3.48%, 05/10/2047       38,347      38,687
Series 2017-C4, Class XA, IO, 1.08%, 10/12/2050(j)    1,950,280      77,467
  Principal
Amount
Value
Citigroup Mortgage Loan Trust, Inc.,                       
Series 2006-AR1, Class 1A1, 3.15% (1 yr. U.S. Treasury Yield Curve Rate + 2.40%), 10/25/2035(e)       $90,759      $92,678
Series 2021-INV3, Class A3, 2.50%, 05/25/2051(b)(h)      251,065     233,714
CNH Equipment Trust, Series 2019-A, Class A4, 3.22%, 01/15/2026      125,000     126,237
COLT Mortgage Loan Trust,                       
Series 2020-2, Class A1, 1.85%, 03/25/2065(b)(h)       36,546      36,557
Series 2021-5, Class A1, 1.73%, 11/26/2066(b)(h)      122,955     118,478
Series 2022-1, Class A1, 2.28%, 12/27/2066(b)(h)      186,032     180,952
Series 2022-2, Class A1, 2.99%, 02/25/2067(b)(i)      191,256     187,153
Series 2022-3, Class A1, 3.90%, 02/01/2067(b)(h)      260,000     259,798
COMM Mortgage Trust,                       
Series 2012-CR5, Class XA, IO, 1.49%, 12/10/2045(j)    1,787,327       8,712
Series 2013-CR6, Class AM, 3.15%, 03/10/2046(b)      245,000     244,224
Series 2014-CR20, Class ASB, 3.31%, 11/10/2047       34,095      34,338
Series 2014-CR21, Class AM, 3.99%, 12/10/2047      715,000     713,849
Series 2014-LC15, Class AM, 4.20%, 04/10/2047      170,000     171,737
Series 2014-UBS6, Class AM, 4.05%, 12/10/2047      475,000     478,155
Countrywide Home Loans Mortgage Pass-Through Trust,                       
Series 2005-17, Class 1A8, 5.50%, 09/25/2035        3,297       3,227
Series 2005-26, Class 1A8, 5.50%, 11/25/2035       34,132      26,388
Series 2005-JA, Class A7, 5.50%, 11/25/2035        4,137       3,952
Credit Suisse Mortgage Capital Trust,                       
Series 2021-NQM1, Class A1, 0.81%, 05/25/2065(b)(h)       63,404      61,874
Series 2021-NQM2, Class A1, 1.18%, 02/25/2066(b)(h)       74,969      72,535
Series 2022-ATH1, Class A1A, 2.87%, 01/25/2067(b)(h)      235,657     233,080
Series 2022-ATH1, Class A1B, 3.35%, 01/25/2067(b)(h)      115,000     112,356
CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A3, 2.56%, 03/15/2053      637,000     596,958
CSMC Mortgage-Backed Trust, Series 2006-6, Class 1A4, 6.00%, 07/25/2036      106,271      72,511
Dell Equipment Finance Trust, Series 2019-2, Class D, 2.48%, 04/22/2025(b)      115,000     115,099
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Drive Auto Receivables Trust,                       
Series 2018-1, Class D, 3.81%, 05/15/2024        $4,323       $4,328
Series 2018-2, Class D, 4.14%, 08/15/2024       47,089      47,395
Series 2018-3, Class D, 4.30%, 09/16/2024       62,084      62,536
Series 2018-5, Class C, 3.99%, 01/15/2025        6,599       6,607
Dryden 93 CLO Ltd., Series 2021-93A, Class A1A, 1.24% (3 mo. USD LIBOR + 1.08%), 01/15/2034(b)(e)      100,056      99,424
Ellington Financial Mortgage Trust,                       
Series 2020-1, Class A1, 2.01%, 05/25/2065(b)(h)       27,321      27,195
Series 2021-1, Class A1, 0.80%, 02/25/2066(b)(h)       46,421      44,747
Series 2022-1, Class A1, 2.21%, 01/25/2067(b)(h)      170,662     162,223
Exeter Automobile Receivables Trust,                       
Series 2019-2A, Class C, 3.30%, 03/15/2024(b)       25,276      25,293
Series 2019-4A, Class D, 2.58%, 09/15/2025(b)      240,000     239,212
Extended Stay America Trust, Series 2021-ESH, Class B, 1.78% (1 mo. USD LIBOR + 1.38%), 07/15/2038(b)(e)      114,297     112,987
First Horizon Alternative Mortgage Securities Trust, Series 2005-FA8, Class 1A6, 1.11% (1 mo. USD LIBOR + 0.65%), 11/25/2035(e)       61,618      29,062
Flagstar Mortgage Trust,                       
Series 2021-11IN, Class A6, 3.70%, 11/25/2051(b)(h)      412,038     395,211
Series 2021-8INV, Class A6, 2.50%, 09/25/2051(b)(h)       91,127      87,453
Ford Credit Floorplan Master Owner Trust, Series 2019-3, Class A2, 1.00% (1 mo. USD LIBOR + 0.60%), 09/15/2024(e)      560,000     560,514
FREMF Mortgage Trust,                       
Series 2013-K25, Class C, 3.62%, 11/25/2045(b)(h)       90,000      90,360
Series 2013-K26, Class C, 3.60%, 12/25/2045(b)(h)       60,000      60,212
Series 2013-K27, Class C, 3.50%, 01/25/2046(b)(h)       95,000      95,270
Series 2013-K28, Class C, 3.49%, 06/25/2046(b)(h)      285,000     286,015
GoldenTree Loan Management U.S. CLO 5 Ltd., Series 2019-5A, Class AR, 1.32% (3 mo. USD LIBOR + 1.07%), 10/20/2032(b)(e)      260,000     258,199
Golub Capital Partners CLO 40(A) Ltd., Series 2019-40A, Class AR, 1.35% (3 mo. USD LIBOR + 1.09%), 01/25/2032(b)(e)      330,000     327,226
  Principal
Amount
Value
GS Mortgage Securities Trust,                       
Series 2013-GC16, Class AS, 4.65%, 11/10/2046       $45,000      $45,769
Series 2013-GCJ12, Class AAB, 2.68%, 06/10/2046        5,422       5,435
Series 2014-GC18, Class AAB, 3.65%, 01/10/2047       29,878      30,160
Series 2020-GC47, Class A5, 2.38%, 05/12/2053      245,000     227,681
GS Mortgage-Backed Securities Trust, Series 2021-INV1, Class A6, 2.50%, 12/25/2051(b)(h)      215,863     206,946
GSR Mortgage Loan Trust, Series 2005-AR, Class 6A1, 3.02%, 07/25/2035(h)       11,193      11,427
Hertz Vehicle Financing III L.P.,                       
Series 2021-2A, Class A, 1.68%, 12/27/2027(b)      113,000     103,285
Series 2021-2A, Class B, 2.12%, 12/27/2027(b)      103,000      93,981
Hertz Vehicle Financing LLC, Series 2021-1A, Class A, 1.21%, 12/26/2025(b)      104,000      98,609
JP Morgan Chase Commercial Mortgage Securities Trust,                       
Series 2013-C10, Class AS, 3.37%, 12/15/2047      315,000     316,804
Series 2013-C16, Class AS, 4.52%, 12/15/2046      300,000     305,340
Series 2013-LC11, Class AS, 3.22%, 04/15/2046       40,000      39,982
Series 2014-C20, Class AS, 4.04%, 07/15/2047      220,000     221,637
Series 2016-JP3, Class A2, 2.43%, 08/15/2049       26,016      25,932
JP Morgan Mortgage Trust,                       
Series 2007-A1, Class 5A1, 2.39%, 07/25/2035(h)       19,163      19,366
Series 2021-LTV2, Class A1, 2.52%, 05/25/2052(b)(h)      299,352     276,932
JPMBB Commercial Mortgage Securities Trust,                       
Series 2014-C24, Class B, 4.12%, 11/15/2047(h)      245,000     240,506
Series 2014-C25, Class AS, 4.07%, 11/15/2047      200,000     199,755
Series 2015-C27, Class XA, IO, 1.14%, 02/15/2048(j)    1,941,120      52,641
KKR CLO 30 Ltd., Series 30A, Class A1R, 1.26% (3 mo. USD LIBOR + 1.02%), 10/17/2031(b)(e)      268,000     266,646
LB Commercial Conduit Mortgage Trust, Series 1998-C1, Class IO, 0.52%, 02/18/2030       20,803           0
Lehman Structured Securities Corp., Series 2002-GE1, Class A, 0.00%, 07/26/2024(b)(h)       11,387       3,631
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Life Mortgage Trust,                       
Series 2021-BMR, Class A, 1.10% (1 mo. USD LIBOR + 0.70%), 03/15/2038(b)(e)      $152,360     $149,108
Series 2021-BMR, Class B, 1.28% (1 mo. USD LIBOR + 0.88%), 03/15/2038(b)(e)      235,913     228,606
Series 2021-BMR, Class C, 1.50% (1 mo. USD LIBOR + 1.10%), 03/15/2038(b)(e)      108,127     104,666
Madison Park Funding XLVIII Ltd., Series 2021-48A, Class A, 1.40% (3 mo. USD LIBOR + 1.15%), 04/19/2033(b)(e)      742,000     736,875
MASTR Asset Backed Securities Trust, Series 2006-WMC3, Class A3, 0.56% (1 mo. USD LIBOR + 0.10%), 08/25/2036(e)       36,973      15,711
Med Trust,                       
Series 2021-MDLN, Class A, 1.35% (1 mo. USD LIBOR + 0.95%), 11/15/2038(b)(e)      165,000     162,386
Series 2021-MDLN, Class B, 1.85% (1 mo. USD LIBOR + 1.45%), 11/15/2038(b)(e)      268,000     263,728
Mello Mortgage Capital Acceptance Trust,                       
Series 2021-INV2, Class A4, 2.50%, 08/25/2051(b)(h)      165,797     159,883
Series 2021-INV3, Class A4, 2.50%, 10/25/2051(b)(h)      160,817     154,156
MFA Trust,                       
Series 2021-AEI1, Class A3, 2.50%, 08/25/2051(b)(h)      173,214     161,243
Series 2021-AEI1, Class A4, 2.50%, 08/25/2051(b)(h)      219,613     210,523
Series 2021-INV2, Class A1, 1.91%, 11/25/2056(b)(h)      214,953     203,541
MHP Commercial Mortgage Trust,                       
Series 2021-STOR, Class A, 1.10% (1 mo. USD LIBOR + 0.70%), 07/15/2038(b)(e)      125,000     122,789
Series 2021-STOR, Class B, 1.30% (1 mo. USD LIBOR + 0.90%), 07/15/2038(b)(e)      105,000     103,099
Morgan Stanley Bank of America Merrill Lynch Trust,                       
Series 2013-C9, Class AS, 3.46%, 05/15/2046      225,000     225,364
Series 2014-C19, Class AS, 3.83%, 12/15/2047      595,000     596,031
Morgan Stanley Capital I Trust, Series 2017-HR2, Class XA, IO, 0.78%, 12/15/2050(j)      670,521      23,274
Morgan Stanley Re-REMIC Trust, Series 2012-R3, Class 1B, 6.00%, 11/26/2036(b)(h)      241,091     231,869
Motel Trust, Series 2021-MTL6, Class A, 1.30% (1 mo. USD LIBOR + 0.90%), 09/15/2038(b)(e)       84,100      82,936
Neuberger Berman Loan Advisers CLO 24 Ltd., Series 2017-24A, Class AR, 1.27% (3 mo. USD LIBOR + 1.02%), 04/19/2030(b)(e)      293,000     292,073
Neuberger Berman Loan Advisers CLO 40 Ltd., Series 2021-40A, Class A, 1.30% (3 mo. USD LIBOR + 1.06%), 04/16/2033(b)(e)      250,000     248,905
  Principal
Amount
Value
New Residential Mortgage Loan Trust, Series 2022-NQM2, Class A1, 3.08%, 03/27/2062(b)(h)      $168,000     $166,294
OBX Trust,                       
Series 2022-NQM1, Class A1, 2.31%, 11/25/2061(b)(h)      228,786     221,895
Series 2022-NQM2, Class A1, 2.93%, 01/25/2062(b)(h)      257,509     252,710
Series 2022-NQM2, Class A1A, 2.78%, 01/25/2062(b)(i)      164,726     162,623
Series 2022-NQM2, Class A1B, 3.38%, 01/25/2062(b)(i)      135,000     131,426
Oceanview Mortgage Trust, Series 2021-3, Class A5, 2.50%, 07/25/2051(b)(h)      192,678     184,924
OCP CLO Ltd. (Cayman Islands),                       
Series 2017-13A, Class A1AR, 1.20% (3 mo. USD LIBOR + 0.96%), 07/15/2030(b)(e)      250,000     248,232
Series 2020-8RA, Class A1, 1.46% (3 mo. USD LIBOR + 1.22%), 01/17/2032(b)(e)      433,000     431,504
Octagon Investment Partners 31 LLC, Series 2017-1A, Class AR, 1.30% (3 mo. USD LIBOR + 1.05%), 07/20/2030(b)(e)      500,000     497,905
Octagon Investment Partners 49 Ltd., Series 2020-5A, Class A1, 1.46% (3 mo. USD LIBOR + 1.22%), 01/15/2033(b)(e)      400,000     399,100
OHA Loan Funding Ltd., Series 2016-1A, Class AR, 1.51% (3 mo. USD LIBOR + 1.26%), 01/20/2033(b)(e)      287,936     286,432
Onslow Bay Mortgage Loan Trust, Series 2021-NQM4, Class A1, 1.96%, 10/25/2061(b)(h)      260,854     246,393
Prestige Auto Receivables Trust, Series 2019-1A, Class C, 2.70%, 10/15/2024(b)      115,000     115,135
Progress Residential Trust,                       
Series 2020-SFR1, Class A, 1.73%, 04/17/2037(b)      395,000     375,615
Series 2021-SFR10, Class A, 2.39%, 12/17/2040(b)      140,000     130,790
Race Point VIII CLO Ltd., Series 2013-8A, Class AR2, 1.52% (3 mo. USD LIBOR + 1.04%), 02/20/2030(b)(e)      271,515     271,425
Residential Accredit Loans, Inc. Trust,                       
Series 2006-QS13, Class 1A8, 6.00%, 09/25/2036          320         290
Series 2007-QS6, Class A28, 5.75%, 04/25/2037        3,984       3,756
Residential Mortgage Loan Trust, Series 2020-1, Class A1, 2.38%, 01/26/2060(b)(h)       52,023      50,744
RUN Trust, Series 2022-NQM1, Class A1, 4.00%, 03/25/2067(b)      145,000     144,242
Santander Drive Auto Receivables Trust,                       
Series 2018-2, Class D, 3.88%, 02/15/2024       57,035      57,206
Series 2019-2, Class D, 3.22%, 07/15/2025      195,000     195,826
Series 2019-3, Class D, 2.68%, 10/15/2025      165,000     165,629
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Santander Retail Auto Lease Trust,                       
Series 2019-B, Class C, 2.77%, 08/21/2023(b)      $115,000     $115,176
Series 2019-C, Class C, 2.39%, 11/20/2023(b)      210,000     210,526
SG Residential Mortgage Trust,                       
Series 2022-1, Class A1, 3.17%, 03/27/2062(b)(h)      295,000     289,895
Series 2022-1, Class A2, 3.58%, 03/27/2062(b)(h)      130,000     127,764
Sonic Capital LLC,                       
Series 2021-1A, Class A2I, 2.19%, 08/20/2051(b)      119,400     104,744
Series 2021-1A, Class A2II, 2.64%, 08/20/2051(b)      119,400     102,056
STAR Trust,                       
Series 2021-1, Class A1, 1.22%, 05/25/2065(b)(h)      189,983     186,492
Series 2021-SFR1, Class A, 1.04% (1 mo. USD LIBOR + 0.60%), 04/17/2038(b)(e)      792,432     785,480
Starwood Mortgage Residential Trust,                       
Series 2020-1, Class A1, 2.28%, 02/25/2050(b)(h)       27,525      27,353
Series 2021-6, Class A1, 1.92%, 11/25/2066(b)(h)      328,088     310,614
Series 2022-1, Class A1, 2.45%, 12/25/2066(b)(h)      235,157     224,891
Symphony CLO XXII Ltd., Series 2020-22A, Class A1A, 1.53% (3 mo. USD LIBOR + 1.29%), 04/18/2033(b)(e)      250,000     248,296
Textainer Marine Containers VII Ltd., Series 2021-2A, Class A, 2.23%, 04/20/2046(b)      315,067     292,637
TICP CLO XV Ltd., Series 2020-15A, Class A, 1.53% (3 mo. USD LIBOR + 1.28%), 04/20/2033(b)(e)      271,000     269,483
Tricon American Homes Trust, Series 2020-SFR2, Class A, 1.48%, 11/17/2039(b)      305,981     274,367
UBS Commercial Mortgage Trust, Series 2017-C5, Class XA, IO, 0.98%, 11/15/2050(j)    1,213,826      44,334
Verus Securitization Trust,                       
Series 2020-1, Class A1, 2.42%, 01/25/2060(b)(i)       69,935      69,737
Series 2020-1, Class A2, 2.64%, 01/25/2060(b)(i)       87,568      87,262
Series 2020-INV1, Class A1, 0.33%, 03/25/2060(b)(h)       32,885      32,455
Series 2021-1, Class A1B, 1.32%, 01/25/2066(b)(h)       78,435      75,936
Series 2021-7, Class A1, 1.83%, 10/25/2066(b)(h)      263,939     250,463
Series 2021-R1, Class A1, 0.82%, 10/25/2063(b)(h)      145,800     142,608
Series 2022-1, Class A1, 2.72%, 01/25/2067(b)(i)      166,294     162,032
Series 2022-3, Class A1, 4.13%, 02/25/2067(b)      200,000     199,109
Visio Trust, Series 2020-1R, Class A1, 1.31%, 11/25/2055(b)       88,101      86,133
  Principal
Amount
Value
WaMu Mortgage Pass-Through Ctfs. Trust,                       
Series 2003-AR10, Class A7, 2.49%, 10/25/2033(h)       $24,679      $24,672
Series 2005-AR14, Class 1A4, 2.85%, 12/25/2035(h)       55,097      55,455
Series 2005-AR16, Class 1A1, 2.67%, 12/25/2035(h)       25,601      25,832
Wells Fargo Commercial Mortgage Trust,                       
Series 2015-NXS1, Class ASB, 2.93%, 05/15/2048      152,803     153,319
Series 2017-C42, Class XA, IO, 0.87%, 12/15/2050(j)      880,083      36,737
Westlake Automobile Receivables Trust, Series 2019-3A, Class C, 2.49%, 10/15/2024(b)      199,270     199,581
WFRBS Commercial Mortgage Trust,                       
Series 2013-C14, Class AS, 3.49%, 06/15/2046      150,000     150,504
Series 2014-C20, Class AS, 4.18%, 05/15/2047      130,000     130,634
Series 2014-LC14, Class AS, 4.35%, 03/15/2047(h)      145,000     146,760
World Financial Network Credit Card Master Trust,                       
Series 2019-B, Class A, 2.49%, 04/15/2026      270,000     270,732
Series 2019-C, Class A, 2.21%, 07/15/2026      235,000     235,668
Zaxby’s Funding LLC, Series 2021-1A, Class A2, 3.24%, 07/30/2051(b)      353,225     327,428
Total Asset-Backed Securities (Cost $32,808,583) 31,573,992
U.S. Government Sponsored Agency Mortgage-Backed Securities–14.33%
Collateralized Mortgage Obligations–1.22%
Fannie Mae Interest STRIPS,                       
IO,
7.50%, 05/25/2023 to 11/25/2029(k)
      30,584       3,436
7.00%, 06/25/2023 to 04/25/2032(k)       88,777      14,713
6.50%, 04/25/2029 to 02/25/2033(j)(k)      242,962      39,887
6.00%, 02/25/2033 to 03/25/2036(j)(k)      196,960      33,986
5.50%, 09/25/2033 to 06/25/2035(j)(k)      292,163      47,670
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Collateralized Mortgage Obligations–(continued)
Fannie Mae REMICs,                       
IO,
5.50%, 04/25/2023 to 07/25/2046(k)
      $86,959      $33,240
6.24% (6.70% - (1.00 x 1 mo. USD LIBOR)), 02/25/2024 to 05/25/2035(e)(k)       99,078      13,192
3.00%, 11/25/2027(k)       63,314       3,270
6.64% (7.10% - (1.00 x 1 mo. USD LIBOR)), 11/25/2030(e)(k)       38,711       4,751
7.43% (7.90% - (1.00 x 1 mo. USD LIBOR)), 11/18/2031 to 12/18/2031(e)(k)        2,623         399
7.44% (7.90% - (1.00 x 1 mo. USD LIBOR)), 11/25/2031(e)(k)       52,606       7,981
6.79% (7.25% - (1.00 x 1 mo. USD LIBOR)), 01/25/2032(e)(k)        2,824         431
7.49% (7.95% - (1.00 x 1 mo. USD LIBOR)), 01/25/2032(e)(k)       13,150       1,987
7.53% (8.00% - (1.00 x 1 mo. USD LIBOR)), 03/18/2032 to 12/18/2032(e)(k)        5,151         850
7.64% (8.10% - (1.00 x 1 mo. USD LIBOR)), 03/25/2032 to 04/25/2032(e)(k)        4,130         708
6.54% (7.00% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032 to 09/25/2032(e)(k)       13,011       1,728
7.34% (7.80% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032(e)(k)          450          74
7.54% (8.00% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032 to 12/25/2032(e)(k)      202,180      34,835
7.63% (8.10% - (1.00 x 1 mo. USD LIBOR)), 12/18/2032(e)(k)       19,672       2,314
7.79% (8.25% - (1.00 x 1 mo. USD LIBOR)), 02/25/2033 to 05/25/2033(e)(k)       77,488      15,136
7.00%, 04/25/2033(k)        2,555         432
5.59% (6.05% - (1.00 x 1 mo. USD LIBOR)), 03/25/2035 to 07/25/2038(e)(k)       37,704       4,324
6.29% (6.75% - (1.00 x 1 mo. USD LIBOR)), 03/25/2035 to 05/25/2035(e)(k)       14,485       1,579
6.14% (6.60% - (1.00 x 1 mo. USD LIBOR)), 05/25/2035(e)(k)       26,762       2,982
3.50%, 08/25/2035(k)      223,407      28,415
5.64% (6.10% - (1.00 x 1 mo. USD LIBOR)), 10/25/2035(e)(k)       81,566      11,409
6.09% (6.55% - (1.00 x 1 mo. USD LIBOR)), 10/25/2041(e)(k)       25,221       3,201
5.69% (6.15% - (1.00 x 1 mo. USD LIBOR)), 12/25/2042(e)(k)       52,635       9,841
5.00% (5.90% - (1.00 x 1 mo. USD LIBOR)), 09/25/2047(e)(k)      365,382      64,635
6.50%, 06/25/2023 to 10/25/2031       77,605      82,699
4.00%, 08/25/2026 to 08/25/2047(k)       86,148       9,469
6.00%, 11/25/2028 to 12/25/2031       65,516      70,369
0.71% (1 mo. USD LIBOR + 0.25%), 08/25/2035(e)          678         677
  Principal
Amount
Value
Collateralized Mortgage Obligations–(continued)
22.89% (24.57% - (3.67 x 1 mo. USD LIBOR)), 03/25/2036(e)       $33,683      $49,070
22.53% (24.20% - (3.67 x 1 mo. USD LIBOR)), 06/25/2036(e)       23,501      33,774
22.53% (24.20% - (3.67 x 1 mo. USD LIBOR)), 06/25/2036(e)       19,181      26,376
1.40% (1 mo. USD LIBOR + 0.94%), 06/25/2037(e)       14,174      14,403
PO,
0.00%, 09/25/2023(l)
       5,591       5,498
Freddie Mac Multifamily Structured Pass-Through Ctfs.,                       
Series KC02, Class X1, IO,
1.91%, 03/25/2024(j)
   4,118,300      24,820
Series KC03, Class X1, IO,
0.63%, 11/25/2024(j)
   2,744,990      31,761
Series K734, Class X1, IO,
0.65%, 02/25/2026(j)
   2,029,108      42,532
Series K735, Class X1, IO,
1.10%, 05/25/2026(j)
   2,036,559      68,405
Series K093, Class X1, IO,
0.95%, 05/25/2029(j)
   1,685,774      96,412
Freddie Mac REMICs,                       
1.50%, 07/15/2023        3,243       3,247
6.75%, 02/15/2024        1,342       1,381
6.50%, 02/15/2028 to 06/15/2032      266,555     285,754
8.00%, 03/15/2030          519         583
1.40% (1 mo. USD LIBOR + 1.00%), 02/15/2032(e)          553         565
3.50%, 05/15/2032        9,782       9,843
23.30% (24.75% - (3.67 x 1 mo. USD LIBOR)), 08/15/2035(e)        5,323       7,860
0.80% (1 mo. USD LIBOR + 0.40%), 09/15/2035(e)          886         888
IO,
7.25% (7.65% - (1.00 x 1 mo. USD LIBOR)), 07/15/2026 to 03/15/2029(e)(k)
      62,626       4,365
3.00%, 06/15/2027 to 05/15/2040(k)      217,261      12,127
2.50%, 05/15/2028(k)       44,103       2,169
8.26% (8.70% - (1.00 x 1 mo. USD LIBOR)), 07/17/2028(e)(k)          405          18
7.70% (8.10% - (1.00 x 1 mo. USD LIBOR)), 06/15/2029(e)(k)          832          98
6.30% (6.70% - (1.00 x 1 mo. USD LIBOR)), 01/15/2035(e)(k)      201,579      20,907
6.35% (6.75% - (1.00 x 1 mo. USD LIBOR)), 02/15/2035(e)(k)       23,153       2,393
6.32% (6.72% - (1.00 x 1 mo. USD LIBOR)), 05/15/2035(e)(k)       24,806       2,649
5.75% (6.15% - (1.00 x 1 mo. USD LIBOR)), 07/15/2035(e)(k)        7,358         641
6.60% (7.00% - (1.00 x 1 mo. USD LIBOR)), 12/15/2037(e)(k)        4,695         760
5.60% (6.00% - (1.00 x 1 mo. USD LIBOR)), 04/15/2038(e)(k)        4,329         598
5.67% (6.07% - (1.00 x 1 mo. USD LIBOR)), 05/15/2038(e)(k)      148,313      19,896
5.85% (6.25% - (1.00 x 1 mo. USD LIBOR)), 12/15/2039(e)(k)       34,823       4,409
5.70% (6.10% - (1.00 x 1 mo. USD LIBOR)), 01/15/2044(e)(k)       51,670       6,791
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Collateralized Mortgage Obligations–(continued)
4.00%, 03/15/2045(k)       $30,647       $1,960
Freddie Mac STRIPS,                       
PO,
0.00%, 06/01/2026(l)
       7,725       7,344
IO,
3.00%, 12/15/2027(k)
      90,833       5,199
3.27%, 12/15/2027(j)       22,349       1,134
7.00%, 09/01/2029(k)        1,884         291
7.50%, 12/15/2029(k)       36,286       6,041
6.00%, 12/15/2032(k)       22,674       3,192
      1,356,774
Federal Home Loan Mortgage Corp. (FHLMC)–0.22%
9.00%, 08/01/2022 to 05/01/2025        1,101       1,155
6.00%, 10/01/2022 to 10/01/2029       61,813      66,617
6.50%, 07/01/2028 to 04/01/2034       42,958      46,198
7.00%, 10/01/2031 to 10/01/2037       35,558      38,016
5.00%, 12/01/2034        1,672       1,778
5.50%, 09/01/2039       86,545      95,173
      248,937
Federal National Mortgage Association (FNMA)–9.12%
5.00%, 07/01/2022           11          11
7.00%, 01/01/2030 to 12/01/2032        6,657       7,243
8.50%, 07/01/2032        1,034       1,037
7.50%, 01/01/2033        1,366       1,496
6.50%, 01/01/2034        2,915       3,133
5.50%, 02/01/2035 to 05/01/2036       48,073      52,682
TBA,
2.00%, 04/01/2052(m)
  10,868,583  10,090,375
      10,155,977
Government National Mortgage Association (GNMA)–3.77%
7.00%, 12/15/2023 to 03/15/2026          752         777
IO,
7.07% (7.50% - (1.00 x 1 mo. USD LIBOR)), 02/16/2032(e)(k)
      22,347          58
6.12% (6.55% - (1.00 x 1 mo. USD LIBOR)), 04/16/2037(e)(k)       28,852       3,930
6.22% (6.65% - (1.00 x 1 mo. USD LIBOR)), 04/16/2041(e)(k)      183,584      20,818
4.50%, 09/16/2047(k)      131,644      20,915
5.77% (6.20% - (1.00 x 1 mo. USD LIBOR)), 10/16/2047(e)(k)      122,309      18,635
TBA,
2.50%, 04/01/2052(m)
   4,265,000   4,136,883
      4,202,016
Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $17,505,272) 15,963,704
U.S. Treasury Securities–12.64%
U.S. Treasury Bonds–1.84%
2.38%, 02/15/2042      974,200     939,951
1.88%, 11/15/2051    1,263,000   1,108,282
      2,048,233
  Principal
Amount
Value
U.S. Treasury Notes–10.80%
1.50%, 02/29/2024    $2,208,000   $2,176,001
1.50%, 02/15/2025      200,000     194,422
1.75%, 03/15/2025    2,213,000   2,166,319
1.88%, 02/28/2027    5,079,400   4,944,082
1.88%, 02/28/2029      161,300     155,743
1.88%, 02/15/2032    2,497,300   2,398,579
      12,035,146
Total U.S. Treasury Securities (Cost $14,341,984) 14,083,379
  Shares  
Preferred Stocks–0.91%
Asset Management & Custody Banks–0.06%
Bank of New York Mellon Corp. (The), 4.70%, Series G, Pfd.(c)     58,000      59,537
Diversified Banks–0.65%
Citigroup, Inc., 5.00%, Series U, Pfd.(c)    249,000     247,133
JPMorgan Chase & Co., 3.77% (3 mo. USD LIBOR + 3.47%), Series I, Pfd.(e)    479,000     479,003
      726,136
Investment Banking & Brokerage–0.10%
Charles Schwab Corp. (The), 4.00%, Series H, Pfd.(c)    124,000     111,522
Other Diversified Financial Services–0.10%
Equitable Holdings, Inc., 4.95%, Series B, Pfd.(c)    113,000     111,305
Total Preferred Stocks (Cost $1,023,377) 1,008,500
  Principal
Amount
 
Municipal Obligations–0.59%
California Health Facilities Financing Authority,                       
Series 2022, RB, 4.19%, 06/01/2037      $100,000     102,136
Series 2022, RB, 4.35%, 06/01/2041       75,000      76,394
California State University,                       
Series 2021 B, Ref. RB, 2.72%, 11/01/2052      110,000      92,907
Series 2021 B, Ref. RB, 2.94%, 11/01/2052      170,000     146,201
Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2020 C, Ref. RB, 3.03%, 08/15/2041      280,000     243,639
Total Municipal Obligations (Cost $735,000) 661,277
Agency Credit Risk Transfer Notes–0.59%
Fannie Mae Connecticut Avenue Securities,                       
Series 2014-C04, Class 2M2, 5.46% (1 mo. USD LIBOR + 5.00%), 11/25/2024(e)       36,157      36,542
Series 2016-C02, Class 1M2, 6.46% (1 mo. USD LIBOR + 6.00%), 09/25/2028(e)       96,429     101,710
Series 2022-R03, Class 1M1, 2.20% (30 Day Average SOFR + 2.10%), 03/25/2042(b)(e)      310,000     311,062
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

  Principal
Amount
Value
Freddie Mac,                       
Series 2014-DN3, Class M3, STACR®, 4.46% (1 mo. USD LIBOR + 4.00%), 08/25/2024(e)       $43,357      $44,032
Series 2018-HQA1, Class M2, STACR®, 2.76% (1 mo. USD LIBOR + 2.30%), 09/25/2030(e)       83,242      83,387
Series 2018-HQA2, Class M1, STACR®, 1.21% (1 mo. USD LIBOR + 0.75%), 10/25/2048(b)(e)       27,109      27,088
Series 2019-HRP1, Class M2, STACR®, 1.86% (1 mo. USD LIBOR + 1.40%), 02/25/2049(b)(e)       53,662      52,961
Total Agency Credit Risk Transfer Notes (Cost $662,978) 656,782
  Shares  
Money Market Funds–10.41%
Invesco Government & Agency Portfolio, Institutional Class, 0.25%(n)(o)  4,044,877   4,044,877
Invesco Liquid Assets Portfolio, Institutional Class, 0.25%(n)(o)  2,922,665   2,921,788
Invesco Treasury Portfolio, Institutional Class, 0.16%(n)(o)  4,622,717   4,622,717
Total Money Market Funds (Cost $11,590,599) 11,589,382
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-112.17% (Cost $131,024,470)     124,935,320
  Shares Value
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–0.01%
Invesco Private Government Fund, 0.31%(n)(o)(p)      2,559       $2,559
Invesco Private Prime Fund, 0.34%(n)(o)(p)      6,190       6,190
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $8,750) 8,749
TOTAL INVESTMENTS IN SECURITIES–112.18% (Cost $131,033,220) 124,944,069
OTHER ASSETS LESS LIABILITIES—(12.18)% (13,568,550)
NET ASSETS–100.00% $111,375,519
Investment Abbreviations:
CLO – Collateralized Loan Obligation
Ctfs. – Certificates
IO – Interest Only
LIBOR – London Interbank Offered Rate
Pfd. – Preferred
PO – Principal Only
RB – Revenue Bonds
Ref. – Refunding
REIT – Real Estate Investment Trust
REMICs – Real Estate Mortgage Investment Conduits
SOFR – Secured Overnight Financing Rate
STACR® – Structured Agency Credit Risk
STRIPS – Separately Traded Registered Interest and Principal Security
TBA – To Be Announced
USD – U.S. Dollar
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

Notes to Schedule of Investments:
(a) Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor’s.
(b) Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at March 31, 2022 was $40,890,267, which represented 36.71% of the Fund’s Net Assets.
(c) Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.
(d) Perpetual bond with no specified maturity date.
(e) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on March 31, 2022.
(f) Security valued using significant unobservable inputs (Level 3). See Note 1.
(g) All or a portion of this security was out on loan at March 31, 2022.
(h) Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on March 31, 2022.
(i) Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date.
(j) Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on March 31, 2022.
(k) Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.
(l) Zero coupon bond issued at a discount.
(m) Security purchased on a forward commitment basis. This security is subject to dollar roll transactions.
(n) Affiliated issuer. The issuer and/or the Fund is a wholly-owned subsidiary of Invesco Ltd., or is affiliated by having an investment adviser that is under common control of Invesco Ltd. The table below shows the Fund’s transactions in, and earnings from, its investments in affiliates for the three months ended March 31, 2022.
    
  Value
December 31, 2021
Purchases
at Cost
Proceeds
from Sales
Change in
Unrealized
Appreciation
(Depreciation)
Realized
Gain
(Loss)
Value
March 31, 2022
Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $6,077,589 $2,084,672 $(4,117,384) $- $- $4,044,877 $708
Invesco Liquid Assets Portfolio, Institutional Class 4,375,440 1,489,052 (2,940,989) (528) (1,187) 2,921,788 384
Invesco Treasury Portfolio, Institutional Class 6,945,817 2,382,482 (4,705,582) - - 4,622,717 406
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund - 918,341 (915,782) - - 2,559 22*
Invesco Private Prime Fund - 1,895,932 (1,889,531) (1) (210) 6,190 82*
Total $17,398,846 $8,770,479 $(14,569,268) $(529) $(1,397) $11,598,131 $1,602
    
* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.
    
(o) The rate shown is the 7-day SEC standardized yield as of March 31, 2022.
(p) The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned.
    
Open Futures Contracts(a)
Long Futures Contracts Number of
Contracts
Expiration
Month
Notional
Value
Value Unrealized
Appreciation
(Depreciation)
Interest Rate Risk
U.S. Treasury 5 Year Notes 57 June-2022 $6,537,188 $(130,275) $(130,275)
U.S. Treasury 10 Year Notes 66 June-2022 8,109,750 (212,578) (212,578)
U.S. Treasury Ultra Bonds 34 June-2022 6,022,250 (198,742) (198,742)
Subtotal—Long Futures Contracts (541,595) (541,595)
Short Futures Contracts          
Interest Rate Risk
U.S. Treasury 2 Year Notes 18 June-2022 (3,814,594) 46,265 46,265
U.S. Treasury 10 Year Ultra Notes 24 June-2022 (3,251,250) 97,350 97,350
U.S. Treasury Long Bonds 25 June-2022 (3,751,563) 136,760 136,760
Subtotal—Short Futures Contracts 280,375 280,375
Total Futures Contracts $(261,220) $(261,220)
    
(a) Futures contracts collateralized by $602,465 cash held with Merrill Lynch International, the futures commission merchant.
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund

Notes to Quarterly Schedule of Portfolio Holdings
March 31, 2022
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 – Prices are determined using quoted prices in an active market for identical assets.
Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
The following is a summary of the tiered valuation input levels, as of March 31, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
  Level 1 Level 2 Level 3 Total
Investments in Securities        
U.S. Dollar Denominated Bonds & Notes $$48,826,320 $571,984 $49,398,304
Asset-Backed Securities 31,573,992 31,573,992
U.S. Government Sponsored Agency Mortgage-Backed Securities 15,963,704 15,963,704
U.S. Treasury Securities 14,083,379 14,083,379
Preferred Stocks 1,008,500 1,008,500
Municipal Obligations 661,277 661,277
Agency Credit Risk Transfer Notes 656,782 656,782
Money Market Funds 11,589,382 8,749 11,598,131
Total Investments in Securities 11,589,382 112,782,703 571,984 124,944,069
Other Investments - Assets*        
Futures Contracts 280,375 280,375
Other Investments - Liabilities*        
Futures Contracts (541,595) (541,595)
Total Other Investments (261,220) (261,220)
Total Investments $11,328,162 $112,782,703 $571,984 $124,682,849
    
* Unrealized appreciation (depreciation).
Invesco V.I. Core Bond Fund


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