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Form NPORT-P AIM VARIABLE INSURANCE For: Sep 30

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8. SNAP
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10. MSFT


November 29, 2021 4:21 PM EST 

  
    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
      2021-12-31
      2021-09-30
      N
    
    
      145704799.04
      23971327.19
      121733471.85
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      22434282.55000000
      0.00000000
      0.00000000
      1188693.11000000
      
        
          USD
          
          
        
      
      
      
      
        
        
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        Invesco Treasury Portfolio
        5493004B3TM8ZIDDDC39
        Invesco Treasury Portfolio, Institutional Class
        825252406
        
          
        
        8626916.76000000
        NS
        USD
        8626916.76000000
        7.086725309724
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Charter Communications Operating LLC / Charter Communications Operating Capital
        N/A
        Charter Communications Operating LLC / Charter Communications Operating Capital
        161175BY9
        
          
        
        145000.00000000
        PA
        USD
        138598.73000000
        0.113854248871
        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
        
          
        
        60000.00000000
        PA
        USD
        68059.18000000
        0.055908353689
        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
        
          
        
        107000.00000000
        PA
        USD
        114575.11000000
        0.094119643725
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2044-03-15
          Variable
          5.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ginnie Mae
        549300M8ZYFG0OCMTT87
        Ginnie Mae
        36203VXC9
        
          
        
        19.27000000
        PA
        USD
        19.29000000
        0.000015846093
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2024-02-15
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FBH3
        
          
        
        79000.00000000
        PA
        USD
        76565.39000000
        0.062895922408
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-15
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FAQ4
        
          
        
        102000.00000000
        PA
        USD
        113077.51000000
        0.092889415114
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-11-15
          Fixed
          4.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967LW9
        
          
        
        74000.00000000
        PA
        USD
        82986.17000000
        0.068170379714
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-04-23
          Variable
          4.07500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Retail Properties of America, Inc.
        549300OVTYLM7DH6CM14
        Retail Properties of America, Inc.
        76131VAB9
        
          
        
        57000.00000000
        PA
        USD
        62756.49000000
        0.051552370146
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-09-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GSR Mortgage Loan Trust
        N/A
        GSR Mortgage Loan Trust, Series 2005-AR, Class 6A1
        362341FR5
        
          
        
        16260.80000000
        PA
        USD
        16937.86000000
        0.013913888877
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-07-25
          Variable
          3.07166800
          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
        138778.03000000
        0.114001537860
        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
        
          
        
        82000.00000000
        PA
        USD
        86830.57000000
        0.071328426504
        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
        
          
        
        97000.00000000
        PA
        USD
        106949.58000000
        0.087855524347
        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
        
          
        
        44351.55000000
        PA
        USD
        7201.31000000
        0.005915636751
        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
        
          
        
        52157.19000000
        PA
        USD
        11471.77000000
        0.009423677667
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-25
          Floating
          7.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXX7
        
          
        
        483000.00000000
        PA
        USD
        483851.08000000
        0.397467576211
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-03-09
          Floating
          0.86000300
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486QAF8
        
          
        
        128000.00000000
        PA
        USD
        122970.25000000
        0.101015972132
        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
        
          
        
        140000.00000000
        PA
        USD
        141820.98000000
        0.116501220120
        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
        
          
        
        140000.00000000
        PA
        USD
        134363.62000000
        0.110375246806
        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
        
          
        
        46000.00000000
        PA
        USD
        49731.29000000
        0.040852601379
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-16
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Royalty Pharma PLC
        549300FGFN7VOK8BZR03
        Royalty Pharma PLC
        78081BAN3
        
          
        
        66000.00000000
        PA
        USD
        63632.31000000
        0.052271827158
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2031-09-02
          Fixed
          2.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Secured Lending Fund
        549300KM7KWQHVBNH962
        Blackstone Secured Lending Fund
        09261XAC6
        
          
        
        179000.00000000
        PA
        USD
        177089.32000000
        0.145472988906
        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
        
          
        
        803.51000000
        PA
        USD
        805.76000000
        0.000661905051
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-08-25
          Floating
          0.33600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Extra Space Storage L.P.
        549300YNKSKNZFR8UC42
        Extra Space Storage L.P.
        30225VAG2
        
          
        
        166000.00000000
        PA
        USD
        162348.04000000
        0.133363517472
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-03-15
          Fixed
          2.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        California State University
        N/A
        California State University, Series 2021 B, Ref. RB
        13077DRW4
        
          
        
        110000.00000000
        PA
        USD
        107332.87000000
        0.088170384339
        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
        
          
        
        60000.00000000
        PA
        USD
        56452.46000000
        0.046373819083
        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
        400384.27000000
        0.328902366715
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-01-15
          Floating
          1.34613000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394F4M4
        
          
        
        87625.83000000
        PA
        USD
        15597.61000000
        0.012812918060
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-10-25
          Floating
          6.01400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AES Corp. (The)
        2NUNNB7D43COUIRE5295
        AES Corp. (The)
        00130HCG8
        
          
        
        71000.00000000
        PA
        USD
        70117.13000000
        0.057598891196
        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
        
          
        
        1098.32000000
        PA
        USD
        236.28000000
        0.000194096164
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-03-18
          Floating
          7.91262000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280BS7
        
          
        
        103000.00000000
        PA
        USD
        108494.91000000
        0.089124961566
        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
        
          
        
        52463.31000000
        PA
        USD
        2766.53000000
        0.002272612419
        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
        
          
        
        14915.71000000
        PA
        USD
        15026.78000000
        0.012344000192
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2037-06-25
          Floating
          1.02600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PBM7
        
          
        
        72000.00000000
        PA
        USD
        74527.92000000
        0.061222208540
        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
        
          
        
        51000.00000000
        PA
        USD
        56305.02000000
        0.046252702025
        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
        46644ABH4
        
          
        
        1966804.04000000
        PA
        USD
        64416.77000000
        0.052916234968
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2048-02-15
          Variable
          1.28961000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Williams Cos., Inc. (The)
        D71FAKCBLFS2O0RBPG08
        Williams Cos., Inc. (The)
        969457BU3
        
          
        
        85000.00000000
        PA
        USD
        87812.33000000
        0.072134909705
        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
        198534.25000000
        0.163089285948
        Long
        DBT
        CORP
        DK
        N
        
        2
        
          2027-09-10
          Fixed
          1.54900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CCZ2
        
          
        
        293000.00000000
        PA
        USD
        291443.44000000
        0.239411096694
        Long
        DBT
        UST
        US
        N
        
        2
        
          2026-09-30
          Fixed
          0.87500000
          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
        288458.08000000
        0.236958722704
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-01-20
          Floating
          1.39425000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31394YF74
        
          
        
        45554.62000000
        PA
        USD
        4396.70000000
        0.003611742878
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-07-15
          Floating
          7.56625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association
        38380HQY1
        
          
        
        154074.32000000
        PA
        USD
        28258.93000000
        0.023213771504
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2047-10-16
          Floating
          6.11537000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        National Australia Bank Ltd.
        F8SB4JFBSYQFRQEH3Z21
        National Australia Bank Ltd.
        632525AS0
        
          
        
        153000.00000000
        PA
        USD
        164704.72000000
        0.135299451742
        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
        
          
        
        93000.00000000
        PA
        USD
        99750.92000000
        0.081942064482
        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
        
          
        
        26709.40000000
        PA
        USD
        1413.89000000
        0.001161463629
        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
        
          
        
        240000.00000000
        PA
        USD
        240561.84000000
        0.197613553892
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-03-15
          Floating
          0.96400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486QAG6
        
          
        
        172000.00000000
        PA
        USD
        177641.60000000
        0.145926668565
        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
        
          
        
        177369.59000000
        PA
        USD
        30305.80000000
        0.024895207159
        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
        
          
        
        43658.28000000
        PA
        USD
        7217.03000000
        0.005928550209
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2030-11-25
          Floating
          7.01400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Group AG
        549300506SI9CRFV9Z86
        Credit Suisse Group AG
        225433AR2
        
          
        
        147000.00000000
        PA
        USD
        165212.97000000
        0.135716962220
        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
        
          
        
        2404.30000000
        PA
        USD
        2722.88000000
        0.002236755395
        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
        
          
        
        37491.40000000
        PA
        USD
        38332.77000000
        0.031489096151
        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
        
          
        
        117000.00000000
        PA
        USD
        114461.10000000
        0.094025988300
        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
        
          
        
        98000.00000000
        PA
        USD
        98631.54000000
        0.081022531027
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-07-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYJ7
        
          
        
        121000.00000000
        PA
        USD
        119878.81000000
        0.098476456949
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-07-21
          Variable
          2.38300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apple, Inc.
        HWUPKR0MPOU8FGXBT394
        Apple, Inc.
        037833EA4
        
          
        
        287000.00000000
        PA
        USD
        262098.33000000
        0.215305064430
        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
        219198.55000000
        0.180064321397
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2031-07-15
          Fixed
          3.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392F7G6
        
          
        
        2829.92000000
        PA
        USD
        591.78000000
        0.000486127595
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-18
          Floating
          8.01262000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        3128M5F54
        
          
        
        8482.59000000
        PA
        USD
        9845.49000000
        0.008087742713
        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
        
          
        
        11539.00000000
        PA
        USD
        1940.13000000
        0.001593752293
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-02-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31403C5V9
        
          
        
        1560.83000000
        PA
        USD
        1787.11000000
        0.001468051451
        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
        31282XVL2
        
          
        
        9358.40000000
        PA
        USD
        9083.44000000
        0.007461743973
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-06-01
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEC Energy Group, Inc.
        549300IGLYTZUK3PVP70
        WEC Energy Group, Inc.
        92939UAD8
        
          
        
        63000.00000000
        PA
        USD
        61981.42000000
        0.050915675909
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-10-15
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280CT4
        
          
        
        206000.00000000
        PA
        USD
        208921.59000000
        0.171622140422
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2032-05-24
          Variable
          2.80400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31395MTC3
        
          
        
        27628.99000000
        PA
        USD
        4071.21000000
        0.003344363664
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-02-15
          Floating
          6.66625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ellington Financial Mortgage Trust
        N/A
        Ellington Financial Mortgage Trust, Series 2021-1, Class A1
        31574XAA6
        
          
        
        71322.14000000
        PA
        USD
        71284.59000000
        0.058557920772
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2066-02-25
          Variable
          0.79700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Manulife Financial Corp.
        5493007GBX87QOZACS27
        Manulife Financial Corp.
        56501RAE6
        
          
        
        63000.00000000
        PA
        USD
        69112.48000000
        0.056773604621
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2032-02-24
          Variable
          4.06100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Illumina, Inc.
        SQ95QG8SR5Q56LSNF682
        Illumina, Inc.
        452327AM1
        
          
        
        65000.00000000
        PA
        USD
        65675.15000000
        0.053949952303
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-23
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Enbridge, Inc.
        98TPTUM4IVMFCZBCUR27
        Enbridge, Inc.
        29250NBH7
        
          
        
        88000.00000000
        PA
        USD
        88370.33000000
        0.072593288154
        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
        
          
        
        180856.63000000
        PA
        USD
        182235.41000000
        0.149700330755
        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
        
          
        
        79000.00000000
        PA
        USD
        84959.77000000
        0.069791626500
        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
        
          
        
        17854.15000000
        PA
        USD
        18594.15000000
        0.015274476047
        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
        31325UPL4
        
          
        
        63952.02000000
        PA
        USD
        4302.69000000
        0.003534516788
        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
        
          
        
        203000.00000000
        PA
        USD
        207706.36000000
        0.170623869379
        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
        
          
        
        16338.14000000
        PA
        USD
        18794.41000000
        0.015438982980
        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
        
          
        
        29000.00000000
        PA
        USD
        29402.29000000
        0.024153003732
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-06-01
          Fixed
          1.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392AZY7
        
          
        
        521.61000000
        PA
        USD
        103.50000000
        0.000085021809
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-11-25
          Floating
          7.81400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GKB4
        
          
        
        198000.00000000
        PA
        USD
        194185.51000000
        0.159516940615
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-07-21
          Variable
          2.97200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Piedmont Healthcare, Inc.
        N/A
        Piedmont Healthcare, Inc.
        72014TAC3
        
          
        
        70000.00000000
        PA
        USD
        68751.84000000
        0.056477350851
        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
        
          
        
        187000.00000000
        PA
        USD
        184254.64000000
        0.151359061069
        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
        
          
        
        23434.34000000
        PA
        USD
        1139.13000000
        0.000935757423
        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 SCA
        N/A
        Johnson Controls International plc / Tyco Fire & Security Finance SCA
        47837RAD2
        
          
        
        72000.00000000
        PA
        USD
        70188.03000000
        0.057657133188
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2031-09-16
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FA6K1
        
          
        
        63120.43000000
        PA
        USD
        11091.03000000
        0.009110912415
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-09-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oceanview Mortgage Trust
        N/A
        Oceanview Mortgage Trust, Series 2021-4, Class A3
        07336GAC8
        
          
        
        268000.00000000
        PA
        USD
        279439.93000000
        0.229550612295
        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
        116177.36000000
        0.095435838832
        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
        
          
        
        38772.70000000
        PA
        USD
        17699.47000000
        0.014539526172
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-08-25
          Floating
          0.18600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LSEGA Financing PLC
        2138009YFYTGEHZNNZ09
        LSEGA Financing PLC
        50220PAC7
        
          
        
        203000.00000000
        PA
        USD
        203937.51000000
        0.167527884402
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2028-04-06
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        3129354W6
        
          
        
        97363.87000000
        PA
        USD
        113431.24000000
        0.093179992549
        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
        
          
        
        598000.00000000
        PA
        USD
        591742.46000000
        0.486096757947
        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
        
          
        
        55330.29000000
        PA
        USD
        62636.78000000
        0.051454032361
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-10-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYB4
        
          
        
        64000.00000000
        PA
        USD
        64815.48000000
        0.053243761978
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-22
          Variable
          2.61500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392GDW2
        
          
        
        2610.33000000
        PA
        USD
        450.92000000
        0.000370415788
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-09-25
          Floating
          6.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lexington Realty Trust
        549300S4MH2ICXDBFV43
        Lexington Realty Trust
        529537AA0
        
          
        
        103000.00000000
        PA
        USD
        99993.39000000
        0.082141245526
        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
        181694.96000000
        0.149256369048
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-04-10
          Fixed
          4.19800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        McKesson Corp.
        549300WZWOM80UCFSF54
        McKesson Corp.
        581557BR5
        
          
        
        121000.00000000
        PA
        USD
        120079.17000000
        0.098641046028
        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
        107550.42000000
        0.088349094431
        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
        102768.87000000
        0.084421210073
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-04-18
          Fixed
          2.74000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cigna Corp.
        549300VIWYMSIGT1U456
        Cigna Corp.
        125523AG5
        
          
        
        66000.00000000
        PA
        USD
        73368.69000000
        0.060269939635
        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
        
          
        
        134000.00000000
        PA
        USD
        132857.92000000
        0.109138364314
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2039-12-31
          Fixed
          2.74200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Uniform Mortgage-Backed Securities
        N/A
        Uniform Mortgage-Backed Securities
        01F0204A4
        
          
        
        2720000.00000000
        PA
        USD
        2801493.73000000
        2.301333961338
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-10-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mello Mortgage Capital Acceptance Trust
        N/A
        Mello Mortgage Capital Acceptance Trust, Series 2021-INV2, Class A4
        58549XAF0
        
          
        
        179899.34000000
        PA
        USD
        184475.53000000
        0.151540514861
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-08-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MAG Mutual Insurance Co.
        N/A
        MAG Mutual Insurance Co.
        55261HAC4
        
          
        
        612000.00000000
        PA
        USD
        629423.64000000
        0.517050594577
        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
        
          
        
        82000.00000000
        PA
        USD
        80887.13000000
        0.066446088138
        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
        
          
        
        364.49000000
        PA
        USD
        348.88000000
        0.000286593321
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-09-25
          Fixed
          6.00000000
          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
        482120.94000000
        0.396046323721
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2034-07-25
          Floating
          1.31501000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Regency Centers, L.P.
        5493008PTR2GAOYBXW28
        Regency Centers, L.P.
        75884RAZ6
        
          
        
        65000.00000000
        PA
        USD
        68277.58000000
        0.056087762028
        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
        
          
        
        111253.73000000
        PA
        USD
        83025.92000000
        0.068203033018
        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
        
          
        
        65000.00000000
        PA
        USD
        62369.94000000
        0.051234832172
        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
        
          
        
        150000.00000000
        PA
        USD
        161757.99000000
        0.132878811013
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-01
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MSCI, Inc.
        549300HTIN2PD78UB763
        MSCI, Inc.
        55354GAQ3
        
          
        
        47000.00000000
        PA
        USD
        47597.37000000
        0.039099657043
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-08-15
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blue Owl Finance LLC
        N/A
        Blue Owl Finance LLC
        09581JAA4
        
          
        
        151000.00000000
        PA
        USD
        149459.88000000
        0.122776322509
        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
        31282YCV9
        
          
        
        41518.50000000
        PA
        USD
        7413.60000000
        0.006090025929
        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
        230482.50000000
        0.189333711178
        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
        
          
        
        70175.15000000
        PA
        USD
        71641.99000000
        0.058851512990
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2024-11-25
          Floating
          5.08600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group
        78486QAH4
        
          
        
        89000.00000000
        PA
        USD
        89916.91000000
        0.073863752206
        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
        
          
        
        20218.34000000
        PA
        USD
        3282.22000000
        0.002696234610
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-18
          Floating
          8.01262000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citizens Financial Group, Inc.
        2138004JDDA4ZQUPFW65
        Citizens Financial Group, Inc.
        174610AW5
        
          
        
        397000.00000000
        PA
        USD
        399170.57000000
        0.327905352516
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-09-30
          Fixed
          2.63800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Government & Agency Portfolio
        5493007T1J7WZ5QI1A47
        Invesco Government & Agency Portfolio, Institutional Class
        825252885
        
          
        
        7548552.18000000
        NS
        USD
        7548552.18000000
        6.200884658330
        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
        
          
        
        111710.04000000
        PA
        USD
        112128.95000000
        0.092110204610
        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
        
          
        
        17531.09000000
        PA
        USD
        3364.61000000
        0.002763915255
        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
        
          
        
        57989.94000000
        PA
        USD
        10959.74000000
        0.009003062044
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-11-25
          Floating
          7.81400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mizuho Financial Group, Inc.
        353800CI5L6DDAN5XZ33
        Mizuho Financial Group, Inc.
        60687YBQ1
        
          
        
        296000.00000000
        PA
        USD
        290849.25000000
        0.238922989363
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2032-05-22
          Variable
          2.17200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Flowserve Corp.
        6Y0GK87T6V7NJKZJVM41
        Flowserve Corp.
        34355JAB4
        
          
        
        61000.00000000
        PA
        USD
        60432.16000000
        0.049643010325
        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
        199177.68000000
        0.163617842301
        Long
        DBT
        CORP
        ES
        N
        
        2
        
          2027-09-14
          Variable
          1.72200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        549300L8K4CLYS7FCQ06
        Freddie Mac, Series 2018-DNA2, Class M1, STACR
        35563TAA9
        
          
        
        42214.34000000
        PA
        USD
        42261.73000000
        0.034716606170
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-12-25
          Floating
          0.88600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Global Atlantic Fin Co.
        N/A
        Global Atlantic Fin Co.
        37959GAB3
        
          
        
        85000.00000000
        PA
        USD
        85978.94000000
        0.070628840772
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-06-15
          Fixed
          3.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31397L5D7
        
          
        
        2660.90000000
        PA
        USD
        348.72000000
        0.000286461886
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2038-07-25
          Floating
          5.96400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31396AKM5
        
          
        
        1028.63000000
        PA
        USD
        1038.50000000
        0.000853093224
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-09-15
          Floating
          0.48375000
          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
        
          
        
        66000.00000000
        PA
        USD
        72168.67000000
        0.059284163100
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-07-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NextEra Energy Capital Holdings, Inc.
        UMI46YPGBLUE4VGNNT48
        NextEra Energy Capital Holdings, Inc.
        65339KBV1
        
          
        
        118000.00000000
        PA
        USD
        118538.25000000
        0.097375231477
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-03-01
          Floating
          0.59000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Huntington Bancshares Inc.
        549300XTVCVV9I7B5T19
        Huntington Bancshares Inc.
        446150AM6
        
          
        
        85000.00000000
        PA
        USD
        93239.46000000
        0.076593116571
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-05-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac, Series 2014-DN3, Class M3
        3137G0BK4
        
          
        
        58313.34000000
        PA
        USD
        59791.07000000
        0.049116376203
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2024-08-25
          Floating
          4.08600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Tower Corp.
        5493006ORUSIL88JOE18
        American Tower Corp.
        03027XAQ3
        
          
        
        70000.00000000
        PA
        USD
        72905.65000000
        0.059889567669
        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
        148067.28000000
        0.121632347907
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2027-01-15
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61747YEF8
        
          
        
        491000.00000000
        PA
        USD
        480815.34000000
        0.394973816726
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2036-09-16
          Variable
          2.48400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ameren Corp.
        XRZQ5S7HYJFPHJ78L959
        Ameren Corp.
        023608AH5
        
          
        
        55000.00000000
        PA
        USD
        57508.20000000
        0.047241074394
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-09-15
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31394V7G9
        
          
        
        37440.43000000
        PA
        USD
        60364.70000000
        0.049587594178
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2036-03-25
          Floating
          24.25133700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Mortgage Trust
        N/A
        JP Morgan Mortgage Trust, Series 2007-A1, Class 5A1
        46630GAR6
        
          
        
        24009.42000000
        PA
        USD
        24689.80000000
        0.020281849868
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-07-25
          Variable
          2.50432000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAZ94
        
          
        
        119726.34000000
        PA
        USD
        20289.39000000
        0.016667059348
        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.
        Q2CCMS6R0AS67HJMBN42
        Delta Air Lines, Inc. / SkyMiles IP Ltd.
        830867AB3
        
          
        
        257692.00000000
        PA
        USD
        287485.82000000
        0.236160043438
        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
        
          
        
        48000.00000000
        PA
        USD
        49405.13000000
        0.040584671782
        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
        
          
        
        167000.00000000
        PA
        USD
        172900.45000000
        0.142031971463
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2051-05-13
          Fixed
          3.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BNP Paribas S.A.
        R0MUWSFPU8MPRO8K5P83
        BNP Paribas S.A.
        09659W2R4
        
          
        
        206000.00000000
        PA
        USD
        204208.28000000
        0.167750312955
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2029-09-15
          Variable
          2.15900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31283HTM7
        
          
        
        2717.50000000
        PA
        USD
        3056.62000000
        0.002510911710
        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
        17326FAF4
        
          
        
        1959671.81000000
        PA
        USD
        90943.86000000
        0.074707357490
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-10-12
          Variable
          1.23063400
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCYY6
        
          
        
        2462.92000000
        PA
        USD
        376.29000000
        0.000309109724
        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
        
          
        
        23319.43000000
        PA
        USD
        3686.29000000
        0.003028164681
        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
        
          
        
        52000.00000000
        PA
        USD
        58474.61000000
        0.048034948080
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-12-01
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        59023VAA8
        
          
        
        232000.00000000
        PA
        USD
        363321.33000000
        0.298456393692
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2038-05-14
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AmeriCredit Automobile Receivables Trust
        N/A
        AmeriCredit Automobile Receivables Trust, Series 2017-2, Class D
        03065GAG5
        
          
        
        300000.00000000
        PA
        USD
        301960.32000000
        0.248050363972
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-04-18
          Fixed
          3.42000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392BMY9
        
          
        
        14805.73000000
        PA
        USD
        2799.44000000
        0.002299646890
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-01-25
          Floating
          7.86400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        3128M4TZ6
        
          
        
        1932.33000000
        PA
        USD
        2148.03000000
        0.001764535232
        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.
        3137FMCT7
        
          
        
        1687834.91000000
        PA
        USD
        108390.90000000
        0.089039520809
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-05-25
          Variable
          1.09196900
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FREMF Mortgage Trust
        N/A
        FREMF Mortgage Trust, Series 2013-K27, Class C
        30291GAQ2
        
          
        
        95000.00000000
        PA
        USD
        97862.97000000
        0.080391176323
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2046-01-25
          Variable
          3.61550800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Truist Bank
        JJKC32MCHWDI71265Z06
        Truist Bank
        07330MAC1
        
          
        
        390000.00000000
        PA
        USD
        407824.93000000
        0.335014621535
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-09-17
          Variable
          2.63600000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31283GHD2
        
          
        
        1.92000000
        PA
        USD
        1.93000000
        0.000001585430
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2024-03-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Office Properties Income Trust
        N/A
        Office Properties Income Trust
        67623CAD1
        
          
        
        32000.00000000
        PA
        USD
        32299.39000000
        0.026532875066
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-06-15
          Fixed
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Homes 4 Rent L.P.
        549300N4PXZ37U8QKI55
        American Homes 4 Rent L.P.
        02666TAC1
        
          
        
        34000.00000000
        PA
        USD
        33718.97000000
        0.027699012841
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-07-15
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        salesforce.com, Inc.
        RCGZFPDMRW58VJ54VR07
        salesforce.com, Inc.
        79466LAL8
        
          
        
        248000.00000000
        PA
        USD
        247815.27000000
        0.203572005491
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-07-15
          Fixed
          2.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 10 Year Notes Future
        N/A
        
          
        
        21.00000000
        NC
        USD
        -33140.63000000
        -0.02722392575
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Long
            
              
                United States Treasury Note/Bond
                U.S. Treasury Notes
                
                  
                
              
            
            2021-12-21
            2796937.51000000
            USD
            -33140.63000000
          
        
        
          N
          N
          N
        
      
      
        Cenovus Energy, Inc.
        549300EIRQ0Z2B9C1W06
        Cenovus Energy, Inc.
        15135UAW9
        
          
        
        33000.00000000
        PA
        USD
        32407.66000000
        0.026621815271
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2032-01-15
          Fixed
          2.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Apple, Inc.
        HWUPKR0MPOU8FGXBT394
        Apple, Inc.
        037833EG1
        
          
        
        292000.00000000
        PA
        USD
        279344.41000000
        0.229472145790
        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
        246083.76000000
        0.202149627592
        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
        234113.00000000
        0.192316046229
        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
        31359DKG7
        
          
        
        9080.25000000
        PA
        USD
        8983.82000000
        0.007379909455
        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 CAS 2016-C02, Class 1M2
        30711XCB8
        
          
        
        140704.41000000
        PA
        USD
        147284.85000000
        0.120989607674
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2028-09-25
          Floating
          6.08600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Zions Bancorp N.A.
        8WH0EE09O9V05QJZ3V89
        Zions Bancorp N.A.
        98971DAB6
        
          
        
        250000.00000000
        PA
        USD
        260216.53000000
        0.213759228292
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-10-29
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        6174468Y8
        
          
        
        63000.00000000
        PA
        USD
        60663.38000000
        0.049832949868
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-01-25
          Variable
          2.80200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brookfield Finance I UK Plc
        213800JCKNPJE9FDCJ76
        Brookfield Finance I UK Plc
        11272BAA1
        
          
        
        159000.00000000
        PA
        USD
        156641.15000000
        0.128675497067
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2032-01-30
          Fixed
          2.34000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo & Co.
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co.
        94974BGU8
        
          
        
        51000.00000000
        PA
        USD
        63944.80000000
        0.052528527304
        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
        372034.69000000
        0.305614129249
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2027-04-01
          Floating
          1.06000300
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TICP CLO Ltd.
        N/A
        TICP CLO Ltd., Series 2020-15A, Class A
        87250RAA2
        
          
        
        271000.00000000
        PA
        USD
        271666.15000000
        0.223164710470
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-04-20
          Floating
          1.41425000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Masco Corp.
        5GCSNMQXHEYA1JO8QN11
        Masco Corp.
        574599BS4
        
          
        
        90000.00000000
        PA
        USD
        87636.28000000
        0.071990290483
        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
        
          
        
        110934.07000000
        PA
        USD
        111029.11000000
        0.091206722615
        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
        
          
        
        126000.00000000
        PA
        USD
        124596.67000000
        0.102352022090
        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
        
          
        
        55991.89000000
        PA
        USD
        8903.21000000
        0.007313691020
        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
        
          
        
        39833.51000000
        PA
        USD
        38535.21000000
        0.031655393881
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-01-25
          Variable
          3.03719500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Bonds
        254900HROIFWPRGM1V77
        U.S. Treasury Bonds
        912810SX7
        
          
        
        2473300.00000000
        PA
        USD
        2640247.75000000
        2.168875749517
        Long
        DBT
        UST
        US
        N
        
        2
        
          2051-05-15
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Avolon Holdings Funding Ltd.
        635400ZRKEX9L1BKCH30
        Avolon Holdings Funding Ltd.
        05401AAM3
        
          
        
        93000.00000000
        PA
        USD
        92092.05000000
        0.075650557402
        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
        
          
        
        66000.00000000
        PA
        USD
        71660.99000000
        0.058867120859
        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
        199739.77000000
        0.164079580549
        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
        129599.64000000
        0.106461795618
        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
        
          
        
        242000.00000000
        PA
        USD
        236501.07000000
        0.194277766341
        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
        384930.00000000
        0.316207197700
        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
        202540.00000000
        0.166379876398
        Long
        DBT
        CORP
        CH
        N
        
        2
        
          N/A
          Variable
          4.37500000
          N
          N
          N
          N
          Y
          
            
              UBS Group AG
              UBS Group AG
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Huntington Bancshares, Inc.
        549300XTVCVV9I7B5T19
        Huntington Bancshares, Inc.
        446150AW4
        
          
        
        107000.00000000
        PA
        USD
        105489.08000000
        0.086655772152
        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
        
          
        
        94000.00000000
        PA
        USD
        99795.12000000
        0.081978373312
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-09-15
          Fixed
          3.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Eastman Chemical Co.
        FDPVHDGJ1IQZFK9KH630
        Eastman Chemical Co.
        277432AV2
        
          
        
        74000.00000000
        PA
        USD
        74375.28000000
        0.061096819855
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2021-12-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PAF3
        
          
        
        75000.00000000
        PA
        USD
        81969.41000000
        0.067335145177
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-05-01
          Variable
          3.54000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac Multifamily Structured Pass Through Ctfs.
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Multifamily Structured Pass Through Ctfs.
        3137FKWE2
        
          
        
        2751123.99000000
        PA
        USD
        35927.20000000
        0.029513000372
        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
        
          
        
        29000.00000000
        PA
        USD
        32110.33000000
        0.026377568561
        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
        333129.70000000
        0.273654973391
        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
        116622.25000000
        0.095801301176
        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
        
          
        
        33297.44000000
        PA
        USD
        7420.42000000
        0.006095628332
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-02-25
          Floating
          8.16400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS
        31325UP26
        
          
        
        48612.01000000
        PA
        USD
        2510.56000000
        0.002062341574
        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
        
          
        
        4695.43000000
        PA
        USD
        954.29000000
        0.000783917508
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-18
          Floating
          7.91262000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31393AHE0
        
          
        
        2656.41000000
        PA
        USD
        495.33000000
        0.000406897127
        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
        
          
        
        85000.00000000
        PA
        USD
        89580.75000000
        0.073587607942
        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
        
          
        
        47174.87000000
        PA
        USD
        10310.23000000
        0.008469511173
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-08-25
          Floating
          7.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Conagra Brands, Inc.
        54930035UDEIH090K650
        Conagra Brands, Inc.
        205887CB6
        
          
        
        80000.00000000
        PA
        USD
        89945.35000000
        0.073887114721
        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
        280159.92000000
        0.230142060143
        Long
        DBT
        CORP
        CH
        N
        
        2
        
          2031-04-01
          Variable
          4.19400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Altria Group, Inc.
        XSGZFLO9YTNO9VCQV219
        Altria Group, Inc.
        02209SBL6
        
          
        
        118000.00000000
        PA
        USD
        113150.81000000
        0.092949628627
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-02-04
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ginnie Mae
        549300M8ZYFG0OCMTT87
        Ginnie Mae
        36204NLS4
        
          
        
        159.17000000
        PA
        USD
        159.78000000
        0.000131253957
        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
        102200.86000000
        0.083954608742
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2027-03-15
          Fixed
          2.89000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31402QYV7
        
          
        
        9842.87000000
        PA
        USD
        11372.17000000
        0.009341859578
        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
        
          
        
        76000.00000000
        PA
        USD
        77950.44000000
        0.064033694936
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-10-15
          Fixed
          2.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Drive Auto Receivables Trust
        N/A
        Santander Drive Auto Receivables Trust, Series 2017-3, Class D
        80284YAG9
        
          
        
        122372.96000000
        PA
        USD
        122984.51000000
        0.101027686248
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-11-15
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2021-1, Class A1B
        92537QAD3
        
          
        
        110944.88000000
        PA
        USD
        111039.28000000
        0.091215076932
        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
        
          
        
        205000.00000000
        PA
        USD
        205788.08000000
        0.169048066133
        Long
        DBT
        CORP
        BM
        N
        
        2
        
          2026-04-15
          Fixed
          2.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31395U5B3
        
          
        
        28764.43000000
        PA
        USD
        4106.37000000
        0.003373246435
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-05-15
          Floating
          6.63625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        61747YED3
        
          
        
        199000.00000000
        PA
        USD
        195699.13000000
        0.160760329123
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-07-21
          Variable
          2.23900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31392RNB3
        
          
        
        618.39000000
        PA
        USD
        632.45000000
        0.000519536648
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-02-15
          Floating
          1.08375000
          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
        500406.08000000
        0.411066958327
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2030-07-20
          Floating
          1.18425000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FREMF Mortgage Trust
        5493000QSGFCHIR1BT31
        FREMF Mortgage Trust, Series 2013-K26, Class C
        30261QAM5
        
          
        
        60000.00000000
        PA
        USD
        61781.14000000
        0.050751152547
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2045-12-25
          Variable
          3.72017900
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brookfield Asset Management, Inc.
        C6J3FGIWG6MBDGTE8F80
        Brookfield Asset Management, Inc.
        112585AH7
        
          
        
        79000.00000000
        PA
        USD
        85874.48000000
        0.070543030355
        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
        95001GAG8
        
          
        
        882992.61000000
        PA
        USD
        42284.75000000
        0.034735516335
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-12-15
          Variable
          1.02273800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31283H3D5
        
          
        
        62761.35000000
        PA
        USD
        71141.22000000
        0.058440147084
        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
        
          
        
        82607.05000000
        PA
        USD
        83421.70000000
        0.068528153130
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-02-25
          Variable
          2.27500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAMU Mortgage Pass-Through Certificates Trust
        N/A
        WAMU Mortgage Pass-Through Certificates Trust, Series 2005-AR16, Class 1A1
        92922F6W3
        
          
        
        29254.99000000
        PA
        USD
        29955.25000000
        0.024607241989
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-12-25
          Variable
          2.71594400
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Piedmont Healthcare, Inc.
        N/A
        Piedmont Healthcare, Inc.
        72014TAE9
        
          
        
        77000.00000000
        PA
        USD
        74980.63000000
        0.061594094755
        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
        
          
        
        4406.80000000
        PA
        USD
        695.43000000
        0.000571272624
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2038-04-15
          Floating
          5.91625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3133TCZR2
        
          
        
        1178.62000000
        PA
        USD
        1312.62000000
        0.001078273690
        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
        
          
        
        54000.00000000
        PA
        USD
        51938.67000000
        0.042665890663
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-09-30
          Fixed
          2.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Countrywide Home Loans
        N/A
        Countrywide Home Loans, Series 2005-JA, Class A7
        126694RQ3
        
          
        
        4256.67000000
        PA
        USD
        4210.13000000
        0.003458481825
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-11-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Marvell Technology, Inc.
        N/A
        Marvell Technology, Inc.
        573874AG9
        
          
        
        206000.00000000
        PA
        USD
        211907.77000000
        0.174075188014
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-15
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bravo Residential Funding Trust
        N/A
        Bravo Residential Funding Trust, Series 2021-NQM2, Class A1
        10569EAA9
        
          
        
        180217.92000000
        PA
        USD
        180561.18000000
        0.148325006471
        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
        
          
        
        49595.35000000
        PA
        USD
        49983.33000000
        0.041059643859
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2065-05-25
          Variable
          2.00600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31283G7M3
        
          
        
        1.97000000
        PA
        USD
        1.97000000
        0.000001618289
        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
        
          
        
        73139.28000000
        PA
        USD
        12345.36000000
        0.010141302808
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2046-07-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        3136AJTC0
        
          
        
        4484.72000000
        PA
        USD
        4484.01000000
        0.003683465140
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2040-01-25
          Fixed
          1.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        First Horizon Alternative Mortgage Securities
        N/A
        First Horizon Alternative Mortgage Securities, Series 2005-FA8, Class 1A6
        32051GYL3
        
          
        
        68732.72000000
        PA
        USD
        30786.49000000
        0.025290078013
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-11-25
          Floating
          0.73600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Westlake Automobile Receivables Trust
        N/A
        Westlake Automobile Receivables Trust, Series 2019-3A, Class C
        96042HAJ9
        
          
        
        260000.00000000
        PA
        USD
        263198.42000000
        0.216208751792
        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
        
          
        
        60000.00000000
        PA
        USD
        65796.53000000
        0.054049661937
        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
        
          
        
        111000.00000000
        PA
        USD
        115789.89000000
        0.095117545109
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-04-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CarMax Auto Owner Trust
        5493003IB59OF448TR74
        CarMax Auto Owner Trust, Series 2017-4, Class D
        14314RAG7
        
          
        
        100000.00000000
        PA
        USD
        100395.58000000
        0.082471631240
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-05-15
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Amazon.com, Inc.
        ZXTILKJKG63JELOEG630
        Amazon.com, Inc.
        023135CA2
        
          
        
        178000.00000000
        PA
        USD
        183837.32000000
        0.151016246564
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-05-12
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FREMF Mortgage Trust
        N/A
        FREMF Mortgage Trust, Series 2013-K25, Class C
        30261NAG5
        
          
        
        90000.00000000
        PA
        USD
        92441.83000000
        0.075937890043
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2045-11-25
          Variable
          3.74469800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364JZP1
        
          
        
        718.12000000
        PA
        USD
        94.57000000
        0.000077686110
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-04-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mizuho Financial Group, Inc.
        353800CI5L6DDAN5XZ33
        Mizuho Financial Group, Inc.
        60687YBU2
        
          
        
        200000.00000000
        PA
        USD
        197281.04000000
        0.162059815597
        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
        
          
        
        33000.00000000
        PA
        USD
        33548.31000000
        0.027558821325
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-07-15
          Fixed
          3.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Amazon.com, Inc.
        ZXTILKJKG63JELOEG630
        Amazon.com, Inc.
        023135BZ8
        
          
        
        234000.00000000
        PA
        USD
        237187.56000000
        0.194841695053
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-05-12
          Fixed
          2.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3137AAGA5
        
          
        
        957.02000000
        PA
        USD
        979.78000000
        0.000804856696
        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
        
          
        
        45914.11000000
        PA
        USD
        46287.89000000
        0.038023962757
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-05-15
          Fixed
          3.81000000
          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
        193204.27000000
        0.158710884577
        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
        
          
        
        81000.00000000
        PA
        USD
        102015.62000000
        0.083802440240
        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
        
          
        
        224.54000000
        PA
        USD
        9.16000000
        0.000007524635
        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
        
          
        
        51388.57000000
        PA
        USD
        11335.22000000
        0.009311506381
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Floating
          7.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31359UZG3
        
          
        
        44493.55000000
        PA
        USD
        50097.57000000
        0.041153488221
        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
        172967MG3
        
          
        
        249000.00000000
        PA
        USD
        260696.78000000
        0.214153737701
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CCX7
        
          
        
        2079000.00000000
        PA
        USD
        2070229.22000000
        1.700624477835
        Long
        DBT
        UST
        US
        N
        
        2
        
          2024-09-15
          Fixed
          0.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Equitable Holdings, Inc.
        549300FIBAKMNHPZ4009
        Equitable Holdings, Inc., Series B
        29452EAA9
        
          
        
        113000.00000000
        PA
        USD
        122887.50000000
        0.100947995758
        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
        
          
        
        114404.82000000
        PA
        USD
        115117.05000000
        0.094564829418
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-07-15
          Floating
          1.46400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T, Inc.
        549300Z40J86GGSTL398
        AT&T, Inc.
        00206RKD3
        
          
        
        93000.00000000
        PA
        USD
        89325.93000000
        0.073378281784
        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
        234627.54000000
        0.192738723733
        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
        
          
        
        79000.00000000
        PA
        USD
        79538.29000000
        0.065338060922
        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
        41254.90000000
        0.033889528798
        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
        199511.80000000
        0.163892310773
        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
        
          
        
        59848.17000000
        PA
        USD
        60258.33000000
        0.049500214759
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2049-02-25
          Floating
          1.48600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Royal Bank of Canada
        ES7IP3U3RHIGC71XBU11
        Royal Bank of Canada
        78013XW20
        
          
        
        72000.00000000
        PA
        USD
        76604.80000000
        0.062928296413
        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
        104484.62000000
        0.085830641656
        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
        
          
        
        73000.00000000
        PA
        USD
        78469.78000000
        0.064460315480
        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
        
          
        
        182983.02000000
        NS
        USD
        182983.02000000
        0.150314467515
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        NBN Co. Ltd.
        2549007CRZ2NT7S96A24
        NBN Co. Ltd.
        62878U2D3
        
          
        
        203000.00000000
        PA
        USD
        202472.17000000
        0.166324156308
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2027-01-08
          Fixed
          1.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GYK4
        
          
        
        96000.00000000
        PA
        USD
        94778.68000000
        0.077857534628
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2042-07-21
          Variable
          2.90800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2020-1, Class A2
        92536PAD6
        
          
        
        99729.06000000
        PA
        USD
        101089.64000000
        0.083041778455
        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
        
          
        
        15349.57000000
        PA
        USD
        2511.44000000
        0.002063064465
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2034-05-25
          Variable
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCHX7
        
          
        
        33853.59000000
        PA
        USD
        5778.36000000
        0.004746730633
        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
        89114.61000000
        0.073204689429
        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
        
          
        
        215477.17000000
        PA
        USD
        215510.48000000
        0.177034694505
        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
        
          
        
        75360.22000000
        PA
        USD
        75984.29000000
        0.062418568077
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2024-02-25
          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
        324911.54000000
        0.266904028170
        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
        12623SAF7
        
          
        
        1829523.35000000
        PA
        USD
        25285.48000000
        0.020771181184
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2045-12-10
          Variable
          1.64779100
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo & Co.
        PBLD0EJDB5FWOLXP3B76
        Wells Fargo & Co.
        949746TD3
        
          
        
        157000.00000000
        PA
        USD
        162004.38000000
        0.133081212207
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominion Energy, Inc.
        ILUL7B6Z54MRYCF6H308
        Dominion Energy, Inc., Series C
        25746UDG1
        
          
        
        64000.00000000
        PA
        USD
        69371.95000000
        0.056986750600
        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
        
          
        
        105392.24000000
        PA
        USD
        107045.72000000
        0.087934500161
        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
        154601.23000000
        0.126999770605
        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
        
          
        
        86000.00000000
        PA
        USD
        93354.59000000
        0.076687692038
        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
        339468.48000000
        0.278862070424
        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
        
          
        
        150000.00000000
        PA
        USD
        152072.05000000
        0.124922133320
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-07-15
          Fixed
          3.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        General Motors Financial Co., Inc.
        5493008B6JBRUJ90QL97
        General Motors Financial Co., Inc.
        37045XCL8
        
          
        
        83000.00000000
        PA
        USD
        87744.51000000
        0.072079197829
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-06-19
          Fixed
          4.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BPCE
        9695005MSX1OYEMGDF46
        BPCE
        05578QAD5
        
          
        
        185000.00000000
        PA
        USD
        203310.06000000
        0.167012455087
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2025-03-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GE Capital International Funding Co. Unlimited Co.
        549300G6UZOB126GBY72
        GE Capital International Funding Co. Unlimited Co.
        36164Q6M5
        
          
        
        163000.00000000
        PA
        USD
        176758.60000000
        0.145201313421
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2025-11-15
          Fixed
          3.37300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac Multifamily Structured Pass Through Ctfs.
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Multifamily Structured Pass Through Ctfs.
        3137FHQ30
        
          
        
        4534117.97000000
        PA
        USD
        36327.35000000
        0.029841710293
        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
        3137FMU83
        
          
        
        2043633.52000000
        PA
        USD
        80931.57000000
        0.066482594121
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-05-25
          Variable
          1.10250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXR0
        
          
        
        102000.00000000
        PA
        USD
        98432.15000000
        0.080858738770
        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
        
          
        
        98000.00000000
        PA
        USD
        103706.80000000
        0.085191688386
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-03-22
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S Treasury Notes
        254900HROIFWPRGM1V77
        U.S Treasury Notes
        91282CCU3
        
          
        
        1806000.00000000
        PA
        USD
        1801343.92000000
        1.479744143188
        Long
        DBT
        UST
        US
        N
        
        2
        
          2023-08-31
          Fixed
          0.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COLT Mortgage Loan Trust
        N/A
        COLT Mortgage Loan Trust, Class 2020-1, Class A1
        12597KAA7
        
          
        
        108576.58000000
        PA
        USD
        108742.40000000
        0.089328266373
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-02-25
          Variable
          2.48800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31359UT21
        
          
        
        23782.02000000
        PA
        USD
        26685.17000000
        0.021920979985
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-11-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kimco Realty Corp.
        549300EA7I6T15IBYS12
        Kimco Realty Corp.
        49446RAX7
        
          
        
        99000.00000000
        PA
        USD
        99084.67000000
        0.081394762257
        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
        38380HHZ8
        
          
        
        150569.97000000
        PA
        USD
        22377.53000000
        0.018382396936
        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
        280637.34000000
        0.230534244801
        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
        08162PAY7
        
          
        
        1760383.64000000
        PA
        USD
        46220.46000000
        0.037968571254
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-01-15
          Variable
          0.64595800
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NBN Co. Ltd.
        2549007CRZ2NT7S96A24
        NBN Co. Ltd.
        62878U2B7
        
          
        
        275000.00000000
        PA
        USD
        279227.35000000
        0.229375984892
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2031-05-05
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        6174467X1
        
          
        
        85000.00000000
        PA
        USD
        97216.56000000
        0.079860171999
        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
        
          
        
        170.25000000
        PA
        USD
        10.10000000
        0.000008296814
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-07-17
          Floating
          8.61587000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31412XSW5
        
          
        
        44.75000000
        PA
        USD
        46.63000000
        0.000038304994
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2022-07-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31391AKD0
        
          
        
        1428.95000000
        PA
        USD
        1434.27000000
        0.001178205121
        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
        
          
        
        6720.11000000
        PA
        USD
        1106.44000000
        0.000908903675
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-08-25
          Floating
          6.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136AXQT5
        
          
        
        43464.90000000
        PA
        USD
        5106.08000000
        0.004194474964
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2047-08-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31283GY84
        
          
        
        176.43000000
        PA
        USD
        178.54000000
        0.000146664674
        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
        
          
        
        127000.00000000
        PA
        USD
        136188.51000000
        0.111874333271
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-02-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAMU Mortgage Pass-Through Certificates Trust
        N/A
        WAMU Mortgage Pass-Through Certificates Trust, Series 2003-AR10, Class A7
        92922FEB0
        
          
        
        26701.49000000
        PA
        USD
        27124.42000000
        0.022281809257
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2033-10-25
          Variable
          2.50125100
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sonic Capital LLC
        N/A
        Sonic Capital LLC, Series 2021-1A, Class A2II
        83546DAQ1
        
          
        
        120000.00000000
        PA
        USD
        120673.69000000
        0.099129424443
        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
        
          
        
        182000.00000000
        PA
        USD
        180218.69000000
        0.148043662323
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-09-16
          Fixed
          1.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Merit
        N/A
        Merit, Series 2021-STOR, Class A
        55293BAB1
        
          
        
        125000.00000000
        PA
        USD
        125163.83000000
        0.102817925175
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-07-15
          Floating
          0.78400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392B3D6
        
          
        
        3108.32000000
        PA
        USD
        601.54000000
        0.000494145111
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-01-25
          Floating
          7.16400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Agricole S.A.
        969500TJ5KRTCJQWXH05
        Credit Agricole S.A.
        225313AD7
        
          
        
        200000.00000000
        PA
        USD
        223296.20000000
        0.183430404642
        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
        314083.40000000
        0.258009071150
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2022-07-21
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31397TEH1
        
          
        
        162104.26000000
        PA
        USD
        28102.75000000
        0.023085474827
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2038-05-15
          Floating
          5.98625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association
        38377VGZ3
        
          
        
        208756.87000000
        PA
        USD
        31833.44000000
        0.026150112632
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2041-04-16
          Floating
          6.56537000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SVB Financial Group
        549300D2KJ20JMXE7542
        SVB Financial Group, Series C
        78486QAJ0
        
          
        
        348000.00000000
        PA
        USD
        357135.00000000
        0.293374529266
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LSEGA Financing PLC
        2138009YFYTGEHZNNZ09
        LSEGA Financing PLC
        50220PAE3
        
          
        
        200000.00000000
        PA
        USD
        206829.20000000
        0.169903311600
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          2041-04-06
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PNC Financial Services Group, Inc. (The)
        CFGNEKW0P8842LEUIA51
        PNC Financial Services Group, Inc. (The), Series T
        693475BC8
        
          
        
        364000.00000000
        PA
        USD
        364000.00000000
        0.299013898534
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Starwood Residential Mortgage Trust
        N/A
        Starwood Residential Mortgage Trust, Series 2021-1, Class A11
        85573GAA0
        
          
        
        253116.90000000
        PA
        USD
        253838.61000000
        0.208519979051
        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
        
          
        
        28713.01000000
        PA
        USD
        5454.83000000
        0.004480961494
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2041-10-25
          Floating
          6.46400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Crown Castle International Corp.
        54930012H97VSM0I2R19
        Crown Castle International Corp.
        22822VAY7
        
          
        
        188000.00000000
        PA
        USD
        187992.74000000
        0.154429785943
        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
        
          
        
        477.36000000
        PA
        USD
        532.06000000
        0.000437069601
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-02-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31283GNK9
        
          
        
        0.62000000
        PA
        USD
        0.62000000
        0.000000509309
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2022-08-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Canadian Natural Resources Ltd.
        549300T15RIMIKZC5Q38
        Canadian Natural Resources Ltd.
        136385AZ4
        
          
        
        116000.00000000
        PA
        USD
        118833.29000000
        0.097617597029
        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
        
          
        
        77303.38000000
        PA
        USD
        16524.37000000
        0.013574220589
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-09-25
          Floating
          7.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac STRIPS
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac STRIPS
        31325UP42
        
          
        
        29241.71000000
        PA
        USD
        1530.04000000
        0.001256876992
        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
        
          
        
        129000.00000000
        PA
        USD
        134015.52000000
        0.110089294228
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2030-12-17
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mayo Clinic
        5493001OHMD58DCY4635
        Mayo Clinic
        578454AF7
        
          
        
        131000.00000000
        PA
        USD
        140255.52000000
        0.115215246775
        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
        116731.92000000
        0.095891391435
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-08-21
          Fixed
          2.77000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NBN Co. Ltd.
        2549007CRZ2NT7S96A24
        NBN Co. Ltd.
        62878U2E1
        
          
        
        250000.00000000
        PA
        USD
        249070.45000000
        0.204603094132
        Long
        DBT
        CORP
        AU
        N
        
        2
        
          2032-01-08
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Advance Auto Parts, Inc.
        529900UCNQ5H9FSL0Y70
        Advance Auto Parts, Inc.
        00751YAF3
        
          
        
        244000.00000000
        PA
        USD
        243141.32000000
        0.199732510956
        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
        290085.63000000
        0.238295700920
        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
        
          
        
        167430.33000000
        PA
        USD
        169653.24000000
        0.139364496404
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2060-01-25
          Variable
          2.41700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charter Communications Operating LLC / Charter Communications Operating Capital
        N/A
        Charter Communications Operating LLC / Charter Communications Operating Capital
        161175BZ6
        
          
        
        112000.00000000
        PA
        USD
        110138.92000000
        0.090475461125
        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
        
          
        
        68000.00000000
        PA
        USD
        69295.77000000
        0.056924171262
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-09-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VEREIT Operating Partnership L.P.
        5493005TQOUJE1LCS698
        VEREIT Operating Partnership L.P.
        92340LAH2
        
          
        
        46000.00000000
        PA
        USD
        46590.14000000
        0.038272251084
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-15
          Fixed
          2.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Owl Rock Capital Corp.
        2549000BD79OOCPF2L94
        Owl Rock Capital Corp.
        69121KAF1
        
          
        
        93000.00000000
        PA
        USD
        93227.42000000
        0.076583226111
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Reliance Standard Life Global Funding II
        N/A
        Reliance Standard Life Global Funding II
        75951AAN8
        
          
        
        93000.00000000
        PA
        USD
        98079.36000000
        0.080568933514
        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
        138310.65000000
        0.113617600728
        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
        61691NAF2
        
          
        
        672642.64000000
        PA
        USD
        26818.73000000
        0.022030695085
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-12-15
          Variable
          0.92205500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Life Storage L.P.
        X0MIGH67XZCB7HL1A534
        Life Storage L.P.
        53227JAD6
        
          
        
        154000.00000000
        PA
        USD
        152634.60000000
        0.125384249442
        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
        319746.63000000
        0.262661226317
        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
        
          
        
        347000.00000000
        PA
        USD
        341698.45000000
        0.280693916641
        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
        808513BJ3
        
          
        
        177000.00000000
        PA
        USD
        182796.75000000
        0.150161452903
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Scentre Group Trust 2
        549300VRF0U0JH8TBJ74
        Scentre Group Trust 2
        76025LAA2
        
          
        
        166000.00000000
        PA
        USD
        177744.50000000
        0.146011197494
        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
        
          
        
        65000.00000000
        PA
        USD
        74630.15000000
        0.061306187087
        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
        295115.90000000
        0.242427900490
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2046-06-25
          Variable
          3.60904500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Tower Corp.
        5493006ORUSIL88JOE18
        American Tower Corp.
        03027XAG5
        
          
        
        46000.00000000
        PA
        USD
        50222.00000000
        0.041255703330
        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
        
          
        
        65000.00000000
        PA
        USD
        62938.82000000
        0.051702148179
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2060-09-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sealed Air Corp.
        Q0M0CZB4YN6JZ65WXI09
        Sealed Air Corp.
        81211KAZ3
        
          
        
        97000.00000000
        PA
        USD
        96509.06000000
        0.079278984270
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-10-15
          Fixed
          1.57300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Mortgage Trust
        N/A
        Credit Suisse Mortgage Trust, Series 2021-NQM2, Class A1
        12662EAA1
        
          
        
        99713.93000000
        PA
        USD
        99887.85000000
        0.082054547925
        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
        
          
        
        39828.74000000
        PA
        USD
        6266.25000000
        0.005147516048
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-03-25
          Floating
          5.96400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Flagstar Mortgage Trust
        N/A
        Flagstar Mortgage Trust, Series 2021-8INV, Class A6
        33852HAD4
        
          
        
        99061.61000000
        PA
        USD
        101516.48000000
        0.083392413324
        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
        N/A
        Charter Communications Operating LLC / Charter Communications Operating Capital
        161175BP8
        
          
        
        156000.00000000
        PA
        USD
        160470.44000000
        0.131821131494
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-02-01
          Floating
          1.77575000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FBL4
        
          
        
        235000.00000000
        PA
        USD
        242208.13000000
        0.198965926395
        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
        
          
        
        19046.52000000
        PA
        USD
        3225.13000000
        0.002649337073
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2034-04-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MDC Holdings, Inc.
        5299005FV4VNV75R8R35
        MDC Holdings, Inc.
        552676AV0
        
          
        
        255000.00000000
        PA
        USD
        244682.70000000
        0.200998703381
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-08-06
          Fixed
          3.96600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31393VKX8
        
          
        
        11010.99000000
        PA
        USD
        11744.50000000
        0.009647716294
        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
        
          
        
        195000.00000000
        PA
        USD
        192807.72000000
        0.158385131936
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-15
          Fixed
          2.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Angel Oak Mortgage Trust
        N/A
        Angel Oak Mortgage Trust, Series 2020-1, Class A1
        03464RAA1
        
          
        
        76136.06000000
        PA
        USD
        76581.76000000
        0.062909369819
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2059-12-25
          Variable
          2.15613000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OCP CLO Ltd.
        N/A
        OCP CLO Ltd., Series 2020-8RA, Class A1
        670898AC9
        
          
        
        433000.00000000
        PA
        USD
        433433.00000000
        0.356050799679
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2032-01-17
          Floating
          1.35388000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Financial Group, Inc.
        35380028MYWPB6AUO129
        Sumitomo Mitsui Financial Group, Inc.
        86562MBZ2
        
          
        
        176000.00000000
        PA
        USD
        170226.89000000
        0.139835730808
        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 A3A
        17329VBA6
        
          
        
        275000.00000000
        PA
        USD
        278222.67000000
        0.228550673674
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-05-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Agree LP
        549300DXY3G299V1BO77
        Agree LP
        008513AB9
        
          
        
        67000.00000000
        PA
        USD
        66487.35000000
        0.054617147600
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-15
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Trust
        N/A
        BX Trust, Series 2021-VOLT, Class A
        05609VAA3
        
          
        
        250000.00000000
        PA
        USD
        250489.50000000
        0.205768796530
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-09-15
          Floating
          0.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM Mortgage Trust, Series 2014-CR20, Class ASB
        12592LBG6
        
          
        
        40760.11000000
        PA
        USD
        42321.62000000
        0.034765803814
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-11-10
          Fixed
          3.30500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cox Co.mmunications, Inc.
        5493001NEDZNIFRP2R92
        Cox Co.mmunications, Inc.
        224044CN5
        
          
        
        115000.00000000
        PA
        USD
        116483.94000000
        0.095687684110
        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
        293075.33000000
        0.240751640075
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2030-04-19
          Floating
          1.15388000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAXN5
        
          
        
        58589.16000000
        PA
        USD
        10923.67000000
        0.008973431739
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-02-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley BAML Trust
        549300PFVBG5704L7K74
        Morgan Stanley BAML Trust, Series 2013-C9, Class AS
        61762DAY7
        
          
        
        225000.00000000
        PA
        USD
        232521.48000000
        0.191008665460
        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
        200386.43000000
        0.164610790240
        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
        
          
        
        54830.06000000
        PA
        USD
        12722.79000000
        0.010451349005
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-05-25
          Floating
          8.16400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pernod Ricard S.A.
        52990097YFPX9J0H5D87
        Pernod Ricard S.A.
        714264AH1
        
          
        
        307000.00000000
        PA
        USD
        316197.22000000
        0.259745504005
        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
        31282YCU1
        
          
        
        2154.44000000
        PA
        USD
        358.76000000
        0.000294709412
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-09-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fidelity National Financial, Inc.
        549300CAZYIH39SYQ287
        Fidelity National Financial, Inc.
        31620RAL9
        
          
        
        67000.00000000
        PA
        USD
        64039.35000000
        0.052606196986
        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
        
          
        
        110000.00000000
        PA
        USD
        110303.80000000
        0.090610904563
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-03-15
          Floating
          1.18400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Energy Transfer L.P.
        MTLVN9N7JE8MIBIJ1H73
        Energy Transfer L.P.
        29278NAL7
        
          
        
        65000.00000000
        PA
        USD
        67775.10000000
        0.055674991413
        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
        
          
        
        43000.00000000
        PA
        USD
        48336.02000000
        0.039706433461
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2029-05-15
          Fixed
          4.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ginnie Mae
        549300M8ZYFG0OCMTT87
        Ginnie Mae
        36206VKB2
        
          
        
        1043.39000000
        PA
        USD
        1112.68000000
        0.000914029628
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2026-03-15
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VGJ7
        
          
        
        70000.00000000
        PA
        USD
        70907.00000000
        0.058247743141
        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
        48045.35000000
        0.039467657719
        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
        31282YW70
        
          
        
        25421.73000000
        PA
        USD
        3837.26000000
        0.003152181517
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-12-15
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31292GNA0
        
          
        
        1131.47000000
        PA
        USD
        1225.60000000
        0.001006789653
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2025-01-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Retail Auto Lease Trust
        N/A
        Santander Retail Auto Lease Trust, Series 2019-A, Class C
        80285JAN6
        
          
        
        315000.00000000
        PA
        USD
        317727.59000000
        0.261002652082
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-05-22
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Motel 6 Trust
        N/A
        Motel 6 Trust, Series 2021-MTL6, Class A
        61977KAA4
        
          
        
        100000.00000000
        PA
        USD
        100295.88000000
        0.082389731004
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-09-15
          Floating
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sun Communities Operating L.P.
        549300PUNBPJCGT6X741
        Sun Communities Operating L.P.
        866677AE7
        
          
        
        40000.00000000
        PA
        USD
        40461.92000000
        0.033238122091
        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.
        Q2CCMS6R0AS67HJMBN42
        Delta Air Lines, Inc. / SkyMiles IP Ltd.
        830867AA5
        
          
        
        129118.00000000
        PA
        USD
        138194.33000000
        0.113522047716
        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
        
          
        
        106000.00000000
        PA
        USD
        101491.95000000
        0.083372262745
        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
        
          
        
        597000.00000000
        PA
        USD
        617820.20000000
        0.507518754382
        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 21A
        743820AB8
        
          
        
        205000.00000000
        PA
        USD
        195866.45000000
        0.160897776941
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-10-01
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Agree LP
        549300DXY3G299V1BO77
        Agree LP
        008513AC7
        
          
        
        89000.00000000
        PA
        USD
        88147.60000000
        0.072410322863
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-06-15
          Fixed
          2.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31410KQD9
        
          
        
        3309.38000000
        PA
        USD
        3732.62000000
        0.003066223236
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-01-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ING Groep N.V.
        549300NYKK9MWM7GGW15
        ING Groep N.V.
        456837AY9
        
          
        
        304000.00000000
        PA
        USD
        295609.60000000
        0.242833458626
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          N/A
          Variable
          3.87500000
          N
          N
          N
          N
          Y
          
            
              ING Groep N.V.
              ING Groep N.V.
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXW9
        
          
        
        270000.00000000
        PA
        USD
        270649.10000000
        0.222329237708
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-03-08
          Floating
          0.63000300
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley ReRemic Trust
        N/A
        Morgan Stanley ReRemic Trust, Series 2012-R3, Class 1B
        61761KAB2
        
          
        
        260854.33000000
        PA
        USD
        253753.90000000
        0.208450392602
        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
        
          
        
        74000.00000000
        PA
        USD
        81071.48000000
        0.066597525535
        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
        
          
        
        563.38000000
        PA
        USD
        667.85000000
        0.000548616571
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2030-03-15
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364HVW4
        
          
        
        25526.87000000
        PA
        USD
        1112.22000000
        0.000913651753
        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
        
          
        
        35.19000000
        PA
        USD
        35.59000000
        0.000029236001
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-08-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mortgage-Linked Amortizing Notes
        N/A
        Mortgage-Linked Amortizing Notes, Series 2012-1, Class A10
        3134G3KS8
        
          
        
        121983.00000000
        PA
        USD
        122567.37000000
        0.100685019606
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2022-01-15
          Fixed
          2.06000000
          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
        150816.18000000
        0.123890477867
        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
        
          
        
        27096.47000000
        PA
        USD
        3507.01000000
        0.002880892121
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-03-15
          Floating
          7.56625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse Group AG
        549300506SI9CRFV9Z86
        Credit Suisse Group AG
        225401AN8
        
          
        
        201000.00000000
        PA
        USD
        206286.30000000
        0.169457337300
        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
        
          
        
        63636.26000000
        PA
        USD
        12605.07000000
        0.010354645939
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2036-03-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        First American Financial Corp.
        549300B6VEZK3N0A1P55
        First American Financial Corp.
        31847RAH5
        
          
        
        130000.00000000
        PA
        USD
        126765.20000000
        0.104133397391
        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
        
          
        
        224183.29000000
        PA
        USD
        225983.12000000
        0.185637620093
        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
        
          
        
        22446.88000000
        PA
        USD
        35778.69000000
        0.029391004344
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2036-06-25
          Floating
          23.88386100
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        US Bancorp
        N1GZ7BBF3NP8GI976H15
        US Bancorp
        91159HJA9
        
          
        
        64000.00000000
        PA
        USD
        61056.00000000
        0.050155474145
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-07-22
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hercules Capital, Inc.
        549300UJ5OC256GR2B73
        Hercules Capital, Inc.
        427096AH5
        
          
        
        161000.00000000
        PA
        USD
        161037.76000000
        0.132287166013
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-09-16
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Merit
        N/A
        Merit, Series 2021-STOR, Class B
        55293BAD7
        
          
        
        105000.00000000
        PA
        USD
        105193.49000000
        0.086412954794
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-07-15
          Floating
          0.98400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AMSR Trust
        N/A
        AMSR Trust, Series 2021-SFR3, Class B
        00180UAB1
        
          
        
        280000.00000000
        PA
        USD
        278280.02000000
        0.228597784792
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-10-17
          Fixed
          1.72600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Stellantis Finance US, Inc.
        549300QZ0AI8Q7LNON33
        Stellantis Finance US, Inc.
        85855CAB6
        
          
        
        200000.00000000
        PA
        USD
        198183.94000000
        0.162801517929
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-09-15
          Fixed
          2.69100000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UBS Group Funding Switzerland AG
        549300SZJ9VS8SGXAN81
        UBS Group Funding Switzerland AG
        90351DAF4
        
          
        
        153000.00000000
        PA
        USD
        170597.85000000
        0.140140462115
        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
        207112.50000000
        0.170136033132
        Long
        DBT
        CORP
        FI
        N
        
        2
        
          N/A
          Variable
          3.75000000
          N
          N
          N
          N
          Y
          
            
              Nordea Bank Abp
              Nordea Bank Abp
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          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
        562909.76000000
        0.462411653463
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-09-15
          Floating
          0.68375000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Progress Residential Trust
        N/A
        Progress Residential Trust, Series 2020-SFR1, Class A
        74331CAA6
        
          
        
        395000.00000000
        PA
        USD
        398500.25000000
        0.327354706921
        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
        
          
        
        471198.54000000
        NS
        USD
        471387.02000000
        0.387228765298
        Long
        STIV
        PF
        US
        N
        
        2
        
          
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392ERQ5
        
          
        
        1099.85000000
        PA
        USD
        246.32000000
        0.000202343690
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-07-25
          Floating
          7.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association
        38373T3M5
        
          
        
        32125.03000000
        PA
        USD
        105.78000000
        0.000086894753
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2032-02-16
          Floating
          7.41537000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co.
        46647PBK1
        
          
        
        116000.00000000
        PA
        USD
        119356.61000000
        0.098047487010
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-22
          Variable
          2.08300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Credit Acceptance Receivables Trust
        N/A
        American Credit Acceptance Receivables Trust, Series 2017-4, Class D
        02529JAG1
        
          
        
        55151.20000000
        PA
        USD
        55200.79000000
        0.045345613791
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-01-10
          Fixed
          3.57000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP Capital Markets America, Inc.
        5493009NTB34VXE1T760
        BP Capital Markets America, Inc.
        10373QBP4
        
          
        
        27000.00000000
        PA
        USD
        25573.67000000
        0.021007919688
        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
        460430.62000000
        0.378228446952
        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
        
          
        
        35209.45000000
        PA
        USD
        36229.14000000
        0.029761034043
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-10-25
          Floating
          0.75613000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KeyCorp
        RKPI3RZGV1V1FJTH5T61
        KeyCorp
        49326EEK5
        
          
        
        85000.00000000
        PA
        USD
        87881.35000000
        0.072191607340
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-04-06
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BX Trust
        N/A
        BX Trust, Series 2021-VOLT, Class B
        05609VAG0
        
          
        
        225000.00000000
        PA
        USD
        225473.96000000
        0.185219362081
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-09-15
          Floating
          1.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OCP CLO Ltd.
        254900M77QLN2EBJHE11
        OCP CLO Ltd., Series 2017-13A, Class A1AR
        67097LAH9
        
          
        
        250000.00000000
        PA
        USD
        249982.16000000
        0.205352033586
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2030-07-15
          Floating
          1.07575000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31283GLF2
        
          
        
        0.62000000
        PA
        USD
        0.62000000
        0.000000509309
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2024-03-01
          Fixed
          9.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Wells Fargo Commercial Mortgage Trust
        5493002S7XBI8CVRR075
        Wells Fargo Commercial Mortgage Trust, Series 2015-NXS1, Class ASB
        94989HAT7
        
          
        
        192967.11000000
        PA
        USD
        198167.11000000
        0.162787692643
        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
        
          
        
        66000.00000000
        PA
        USD
        72058.96000000
        0.059194039983
        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
        
          
        
        66000.00000000
        PA
        USD
        71590.84000000
        0.058809494966
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-08-01
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Life Mortgage Trust
        N/A
        Life Mortgage Trust, Series 2021-BMR, Class A
        53218CAA8
        
          
        
        155000.00000000
        PA
        USD
        155329.44000000
        0.127597970910
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-03-15
          Floating
          0.78400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac, Series 2018-HQA1, Class M2, STACR
        3137G0UD9
        
          
        
        84676.80000000
        PA
        USD
        85842.78000000
        0.070516989859
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-09-25
          Floating
          2.38600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ING Groep N.V.
        549300NYKK9MWM7GGW15
        ING Groep N.V.
        456837AZ6
        
          
        
        468000.00000000
        PA
        USD
        455083.20000000
        0.373835719201
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          N/A
          Variable
          4.25000000
          N
          N
          N
          N
          Y
          
            
              ING Groep N.V.
              ING Groep N.V.
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31395VZ51
        
          
        
        8914.54000000
        PA
        USD
        1084.38000000
        0.000890782118
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-07-15
          Floating
          6.06625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Comcast Corp.
        51M0QTTNCGUN7KFCFZ59
        Comcast Corp.
        20030NDQ1
        
          
        
        98000.00000000
        PA
        USD
        87002.30000000
        0.071469496990
        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
        90276TAH7
        
          
        
        1220826.99000000
        PA
        USD
        52623.87000000
        0.043228759683
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-11-15
          Variable
          1.13335500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31410GVK6
        
          
        
        44509.58000000
        PA
        USD
        51552.10000000
        0.042348336259
        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
        
          
        
        28786.93000000
        PA
        USD
        0.69000000
        0.000000566812
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2030-02-18
          Variable
          1.09391400
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        6174468P7
        
          
        
        74000.00000000
        PA
        USD
        81602.05000000
        0.067033371150
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Variable
          3.62200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Capital Lease Funding Securitization L.P.
        N/A
        Capital Lease Funding Securitization L.P., Series 1997-CTL1, Class IO
        140281AK2
        
          
        
        28519.24000000
        PA
        USD
        146.30000000
        0.000120180586
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2024-06-22
          Variable
          1.51318000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citizens Financial Group, Inc.
        2138004JDDA4ZQUPFW65
        Citizens Financial Group, Inc.
        174610AS4
        
          
        
        60000.00000000
        PA
        USD
        61007.82000000
        0.050115895877
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-02-06
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citizens Financial Group, Inc.
        2138004JDDA4ZQUPFW65
        Citizens Financial Group, Inc.
        174610AT2
        
          
        
        36000.00000000
        PA
        USD
        38585.68000000
        0.031696853308
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-04-30
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GGF0
        
          
        
        54000.00000000
        PA
        USD
        59628.11000000
        0.048982509981
        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
        
          
        
        74823.62000000
        PA
        USD
        15831.24000000
        0.013004837338
        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
        
          
        
        203000.00000000
        PA
        USD
        199077.88000000
        0.163535859919
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2036-09-21
          Variable
          2.48200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vontier Corp.
        N/A
        Vontier Corp.
        928881AE1
        
          
        
        102000.00000000
        PA
        USD
        101548.14000000
        0.083418420962
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury Long Bonds Future
        N/A
        
          
        
        -37.00000000
        NC
        USD
        119093.75000000
        0.097831556259
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Short
            
              
                United States Treasury Note/Bond
                U.S. Treasury Bond
                
                  
                
              
            
            2021-12-21
            6010187.50000000
            USD
            119093.75000000
          
        
        
          N
          N
          N
        
      
      
        Blackstone Holdings Finance Co. LLC
        549300D2L6J4NC1QVZ22
        Blackstone Holdings Finance Co. LLC
        09261BAA8
        
          
        
        116000.00000000
        PA
        USD
        109709.66000000
        0.090122838306
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-30
          Fixed
          1.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Countrywide Home Loans
        N/A
        Countrywide Home Loans, Series 2005-17, Class 1A8
        12669G5U1
        
          
        
        3803.20000000
        PA
        USD
        3835.15000000
        0.003150448222
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-09-25
          Fixed
          5.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banc of America Mortgage Securities Trust
        N/A
        Banc of America Mortgage Securities Trust, Series 2007-1, Class 1A24
        05952HAZ2
        
          
        
        26565.86000000
        PA
        USD
        25427.53000000
        0.020887870536
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2037-03-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dell Equipment Finance Trust
        549300CHGEQ6XHCQGX20
        Dell Equipment Finance Trust, Series 2019-1, Class C
        24704BAJ3
        
          
        
        325000.00000000
        PA
        USD
        327281.73000000
        0.268851060457
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-03-22
          Fixed
          3.14000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verus Securitization Trust
        N/A
        Verus Securitization Trust, Series 2020-INV1, Class A1
        92537TAA3
        
          
        
        55840.98000000
        PA
        USD
        56297.56000000
        0.046246573883
        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
        151683.18000000
        0.124602689543
        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
        17321RAF3
        
          
        
        369121.02000000
        PA
        USD
        6467.04000000
        0.005312458358
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2046-11-10
          Variable
          1.16824500
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COMM Mortgage Trust
        N/A
        COMM Mortgage Trust, Series 2013-CR6, Class AM
        12624XAM0
        
          
        
        245000.00000000
        PA
        USD
        250875.00000000
        0.206085471963
        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
        
          
        
        806.66000000
        PA
        USD
        180.77000000
        0.000148496545
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-07-25
          Floating
          7.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Textainer Marine Containers Ltd.
        549300X48KLHDDGPK024
        Textainer Marine Containers Ltd., Series 2021-2A, Class A
        88315LAQ1
        
          
        
        328667.43000000
        PA
        USD
        332921.47000000
        0.273483919369
        Long
        ABS-O
        CORP
        US
        
        N
        
        2
        
          2046-04-20
          Fixed
          2.23000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Discover Bank
        X05BVSK68TQ7YTOSNR22
        Discover Bank
        25466AAP6
        
          
        
        116000.00000000
        PA
        USD
        134533.60000000
        0.110514879724
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-13
          Fixed
          4.65000000
          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
        251181.94000000
        0.206337612969
        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
        
          
        
        5452.05000000
        PA
        USD
        1151.21000000
        0.000945680742
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2037-12-15
          Floating
          6.91625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394DQF0
        
          
        
        109768.17000000
        PA
        USD
        19254.00000000
        0.015816520885
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-05-25
          Floating
          6.61400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brixmor Operating Partnership L.P.
        549300CJHBL7JBUA6503
        Brixmor Operating Partnership L.P.
        11120VAJ2
        
          
        
        66000.00000000
        PA
        USD
        73740.38000000
        0.060575270613
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-07-01
          Fixed
          4.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brookfield Finance, Inc.
        N/A
        Brookfield Finance, Inc.
        11271LAF9
        
          
        
        140000.00000000
        PA
        USD
        146490.07000000
        0.120336722327
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2051-03-30
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charter Co.mmunications Operating LLC / Charter Co.mmunications Operating Capital
        N/A
        Charter Co.mmunications Operating LLC / Charter Co.mmunications Operating Capital
        161175CA0
        
          
        
        147000.00000000
        PA
        USD
        146691.21000000
        0.120501952150
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-06-01
          Fixed
          3.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Countrywide Home Loans
        N/A
        Countrywide Home Loans, Series 2005-26, Class 1A8
        126694MS4
        
          
        
        36903.10000000
        PA
        USD
        30119.86000000
        0.024742463631
        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
        
          
        
        155000.00000000
        PA
        USD
        159561.79000000
        0.131074705728
        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
        
          
        
        86000.00000000
        PA
        USD
        85646.97000000
        0.070356138454
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-03-15
          Fixed
          2.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley BAML Trust
        N/A
        Morgan Stanley BAML Trust, Series 2014-C19, Class AS
        61764PBW1
        
          
        
        595000.00000000
        PA
        USD
        636481.26000000
        0.522848194771
        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
        
          
        
        80000.00000000
        PA
        USD
        86939.49000000
        0.071417900663
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-15
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GJT7
        
          
        
        256000.00000000
        PA
        USD
        260824.88000000
        0.214258967592
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-04-22
          Variable
          2.68700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31297BTP7
        
          
        
        38200.94000000
        PA
        USD
        42151.85000000
        0.034626343403
        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
        
          
        
        57000.00000000
        PA
        USD
        54646.23000000
        0.044890061188
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-10-15
          Fixed
          1.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banc of America Funding Corp. Trust
        N/A
        Banc of America Funding Corp. Trust, Series 2007-1, Class 1A3
        05951FBD5
        
          
        
        41263.36000000
        PA
        USD
        40492.02000000
        0.033262848241
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2037-01-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury Ultra Bonds Future
        N/A
        
          
        
        31.00000000
        NC
        USD
        -171468.75000000
        -0.14085587751
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Long
            
              
                United States Treasury Note/Bond
                U.S. Treasury Bond
                
                  
                
              
            
            2021-12-21
            6094406.25000000
            USD
            -171468.75000000
          
        
        
          N
          N
          N
        
      
      
        Uniform Mortgage-Backed Securities
        N/A
        Uniform Mortgage-Backed Securities, TBA
        01F0206A2
        
          
        
        13630000.00000000
        PA
        USD
        13667802.12000000
        11.22764504477
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-10-01
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Enel Finance International N.V.
        0YQH6LCEF474UTUV4B96
        Enel Finance International N.V.
        29278GAQ1
        
          
        
        200000.00000000
        PA
        USD
        195072.02000000
        0.160245179107
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2041-07-12
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31410FV77
        
          
        
        6622.76000000
        PA
        USD
        7622.80000000
        0.006261876774
        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
        509125.14000000
        0.418229376245
        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
        
          
        
        64000.00000000
        PA
        USD
        70100.12000000
        0.057584918046
        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
        
          
        
        179930.15000000
        PA
        USD
        201716.18000000
        0.165703135657
        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
        
          
        
        46000.00000000
        PA
        USD
        45955.11000000
        0.037750595051
        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
        
          
        
        441.32000000
        PA
        USD
        35.71000000
        0.000029334577
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-07-17
          Floating
          8.61587000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Union Pacific Corp.
        549300LMMRSZZCZ8CL11
        Union Pacific Corp.
        907818FJ2
        
          
        
        63000.00000000
        PA
        USD
        65418.97000000
        0.053739508950
        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
        
          
        
        134874.63000000
        PA
        USD
        136644.19000000
        0.112248659241
        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
        
          
        
        102000.00000000
        PA
        USD
        123419.02000000
        0.101384621767
        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
        
          
        
        29985.35000000
        PA
        USD
        33861.45000000
        0.027816055424
        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
        
          
        
        117000.00000000
        PA
        USD
        112792.16000000
        0.092655009576
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2061-09-30
          Fixed
          3.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oceanview Mortgage Trust
        N/A
        Oceanview Mortgage Trust, Series 2021-4, Class A4
        07336GAD6
        
          
        
        269000.00000000
        PA
        USD
        273768.48000000
        0.224891704672
        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
        
          
        
        121000.00000000
        PA
        USD
        173754.41000000
        0.142733471213
        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
        
          
        
        47113.28000000
        PA
        USD
        4438.41000000
        0.003646006256
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2041-04-25
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Berry Global, Inc.
        549300AP2Q7ERHX6RI89
        Berry Global, Inc.
        08576PAD3
        
          
        
        452000.00000000
        PA
        USD
        446874.32000000
        0.367092397192
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          1.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394DQD5
        
          
        
        4813.76000000
        PA
        USD
        587.93000000
        0.000482964948
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-05-25
          Floating
          6.66400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        313921SS8
        
          
        
        1241.40000000
        PA
        USD
        1311.54000000
        0.001077386506
        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
        
          
        
        76180.18000000
        PA
        USD
        83456.16000000
        0.068556460874
        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
        
          
        
        77000.00000000
        PA
        USD
        80534.81000000
        0.066156668972
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-02-15
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        3137A9D29
        
          
        
        519.15000000
        PA
        USD
        520.13000000
        0.000427269502
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2040-04-15
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31392ASN9
        
          
        
        50302.41000000
        PA
        USD
        57459.40000000
        0.047200986817
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-12-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        5493005RUXPCBST1N217
        Freddie Mac, Series 2018-HQA2, Class M1, STACR
        35563XAA0
        
          
        
        27109.48000000
        PA
        USD
        27130.94000000
        0.022287165220
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-10-25
          Floating
          0.83600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAMU Mortgage Pass-Through Certificates Trust
        N/A
        WAMU Mortgage Pass-Through Certificates Trust, Series 2005-AR14, Class 1A4
        92922F4D7
        
          
        
        63819.80000000
        PA
        USD
        65160.65000000
        0.053527307658
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-12-25
          Variable
          2.87476200
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392GEE1
        
          
        
        3457.15000000
        PA
        USD
        605.38000000
        0.000497299543
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-08-25
          Floating
          6.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31395XLV5
        
          
        
        6028.51000000
        PA
        USD
        9851.97000000
        0.008093065818
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-08-15
          Floating
          24.44290700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Financial Group, Inc.
        35380028MYWPB6AUO129
        Sumitomo Mitsui Financial Group, Inc.
        86562MCK4
        
          
        
        173000.00000000
        PA
        USD
        168691.46000000
        0.138574426110
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2041-09-17
          Fixed
          2.93000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31410FV85
        
          
        
        960.87000000
        PA
        USD
        1101.23000000
        0.000904623833
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-01-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Moody's Corp.
        549300GCEDD8YCF5WU84
        Moody's Corp.
        615369AW5
        
          
        
        133000.00000000
        PA
        USD
        130302.88000000
        0.107039483898
        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
        
          
        
        165000.00000000
        PA
        USD
        166253.30000000
        0.136571558728
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-02-04
          Fixed
          2.19600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Blackstone Private Credit Fund
        549300ORP3TTCNXSYO43
        Blackstone Private Credit Fund
        09261HAC1
        
          
        
        102000.00000000
        PA
        USD
        101728.24000000
        0.083566367124
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-12-15
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Credit Suisse AG/New York NY
        549300D0YARF5HYP1809
        Credit Suisse AG/New York NY
        22546QAP2
        
          
        
        189000.00000000
        PA
        USD
        203796.71000000
        0.167412221883
        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
        
          
        
        38189.56000000
        PA
        USD
        6664.76000000
        0.005474878764
        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
        
          
        
        99000.00000000
        PA
        USD
        100567.88000000
        0.082613169961
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-05-20
          Fixed
          2.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Mortgage Loan Trust, Inc.
        N/A
        Citigroup Mortgage Loan Trust, Inc., Series 2006-AR1, Class 1A1
        17307G2Z0
        
          
        
        101833.82000000
        PA
        USD
        107144.54000000
        0.088015677505
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2035-10-25
          Floating
          2.48000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 5 Year Notes Future
        N/A
        
          
        
        76.00000000
        NC
        USD
        -59057.73000000
        -0.04851396177
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Long
            
              
                United States Treasury Note/Bond
                U.S. Treasury Notes
                
                  
                
              
            
            2021-12-31
            9387464.02000000
            USD
            -59057.73000000
          
        
        
          N
          N
          N
        
      
      
        M&T Bank Corp.
        549300WYXDDBYRASEG81
        M&T Bank Corp.
        55261FAN4
        
          
        
        234000.00000000
        PA
        USD
        232830.00000000
        0.191262104383
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank
        N/A
        Bank, Series 2019-BNK16, Class XA
        065405AJ1
        
          
        
        1561197.63000000
        PA
        USD
        90128.10000000
        0.074037237770
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2052-02-15
          Variable
          1.11787600
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Charter Co.mmunications Operating LLC / Charter Co.mmunications Operating Capital
        N/A
        Charter Co.mmunications Operating LLC / Charter Co.mmunications Operating Capital
        161175CC6
        
          
        
        70000.00000000
        PA
        USD
        72953.66000000
        0.059929006288
        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
        064058AH3
        
          
        
        106000.00000000
        PA
        USD
        116600.00000000
        0.095783023541
        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
        
          
        
        65000.00000000
        PA
        USD
        70219.59000000
        0.057683058679
        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
        
          
        
        2015.74000000
        PA
        USD
        2115.33000000
        0.001737673269
        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
        
          
        
        170000.00000000
        PA
        USD
        173991.02000000
        0.142927838462
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-10-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae
        31410VY95
        
          
        
        17.43000000
        PA
        USD
        18.16000000
        0.000014917836
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2022-02-01
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        313921R34
        
          
        
        2311.21000000
        PA
        USD
        449.34000000
        0.000369117871
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-11-18
          Floating
          7.81262000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AES Corp. (The)
        2NUNNB7D43COUIRE5295
        AES Corp. (The)
        00130HCE3
        
          
        
        65000.00000000
        PA
        USD
        64189.27000000
        0.052729351282
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-01-15
          Fixed
          1.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        General Motors Financial Co., Inc.
        5493008B6JBRUJ90QL97
        General Motors Financial Co., Inc.
        37045XCP9
        
          
        
        131000.00000000
        PA
        USD
        131464.28000000
        0.107993535386
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2021-11-06
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VEREIT Operating Partnership L.P.
        5493005TQOUJE1LCS698
        VEREIT Operating Partnership L.P.
        92340LAG4
        
          
        
        42000.00000000
        PA
        USD
        43669.02000000
        0.035872648119
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2032-12-15
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association
        38375JSQ9
        
          
        
        32117.04000000
        PA
        USD
        5872.80000000
        0.004824309954
        Long
        ABS-APCP
        USGA
        US
        N
        
        2
        
          2037-04-16
          Floating
          6.46537000
          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
        239459.92000000
        0.196708363247
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2026-07-15
          Fixed
          2.21000000
          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
        267403.21000000
        0.219662846985
        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
        
          
        
        160000.00000000
        PA
        USD
        162337.94000000
        0.133355220657
        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
        
          
        
        70000.00000000
        PA
        USD
        65349.48000000
        0.053682425225
        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
        
          
        
        355000.00000000
        PA
        USD
        362675.14000000
        0.297925570090
        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
        
          
        
        272000.00000000
        PA
        USD
        275092.75000000
        0.225979548450
        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
        792727.12000000
        0.651198974244
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2038-04-17
          Floating
          0.68500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Moody's Corp.
        549300GCEDD8YCF5WU84
        Moody's Corp.
        615369AV7
        
          
        
        156000.00000000
        PA
        USD
        151726.67000000
        0.124638415132
        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
        
          
        
        533.75000000
        PA
        USD
        117.81000000
        0.000096776998
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-09-25
          Floating
          7.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AT&T, Inc.
        549300Z40J86GGSTL398
        AT&T, Inc.
        00206RMH2
        
          
        
        156000.00000000
        PA
        USD
        156295.52000000
        0.128391573512
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-03-25
          Floating
          0.69000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup Commercial Mortgage Trust
        N/A
        Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class AAB
        17322MAX4
        
          
        
        48238.59000000
        PA
        USD
        50044.99000000
        0.041110295500
        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
        338586.81000000
        0.278137807830
        Long
        DBT
        CORP
        FR
        N
        
        2
        
          2025-03-17
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3137B93W3
        
          
        
        59705.73000000
        PA
        USD
        8668.62000000
        0.007120983134
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2044-01-15
          Floating
          6.01625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CCW9
        
          
        
        5764200.00000000
        PA
        USD
        5703405.67000000
        4.685158143709
        Long
        DBT
        UST
        US
        N
        
        2
        
          2026-08-31
          Fixed
          0.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Santander Drive Auto Receivables Trust
        N/A
        Santander Drive Auto Receivables Trust, Series 2018-1, Class D
        80285TAG9
        
          
        
        61587.85000000
        PA
        USD
        62112.11000000
        0.051023033399
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-03-15
          Fixed
          3.32000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Office Properties Income Trust
        N/A
        Office Properties Income Trust
        81618TAE0
        
          
        
        226000.00000000
        PA
        USD
        240107.34000000
        0.197240197253
        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
        172306.17000000
        0.141543790201
        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
        
          
        
        68000.00000000
        PA
        USD
        72257.10000000
        0.059356805406
        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
        
          
        
        55000.00000000
        PA
        USD
        58698.70000000
        0.048219030565
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          3.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Altria Group, Inc.
        XSGZFLO9YTNO9VCQV219
        Altria Group, Inc.
        02209SBN2
        
          
        
        140000.00000000
        PA
        USD
        132070.01000000
        0.108491122443
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-02-04
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FBK6
        
          
        
        230000.00000000
        PA
        USD
        238278.78000000
        0.195738096005
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2033-04-15
          Fixed
          3.41900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Invesco Liquid Assets Portfolio
        549300DC1W0JSX3QRC47
        Invesco Liquid Assets Portfolio, Institutional Class
        825252729
        
          
        
        5428968.14200000
        NS
        USD
        5431139.73000000
        4.461500725693
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CD Commercial Mortgage Trust
        N/A
        CD Commercial Mortgage Trust, Series 2017-CD6, Class XA
        125039AG2
        
          
        
        706331.12000000
        PA
        USD
        27315.87000000
        0.022439079067
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2050-11-13
          Variable
          1.06109300
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CSMC 2021-NQM1
        N/A
        CSMC 2021-NQM1
        126407AA3
        
          
        
        88587.11000000
        PA
        USD
        88547.72000000
        0.072739008141
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2065-05-25
          Variable
          0.80900000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs
        31392MJE3
        
          
        
        69494.56000000
        PA
        USD
        80676.72000000
        0.066273243319
        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
        
          
        
        165000.00000000
        PA
        USD
        166743.31000000
        0.136974085652
        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
        
          
        
        9678.99000000
        PA
        USD
        9789.26000000
        0.008041551638
        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
        155302.08000000
        0.127575495580
        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
        
          
        
        221000.00000000
        PA
        USD
        216043.31000000
        0.177472396635
        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
        
          
        
        254000.00000000
        PA
        USD
        281803.73000000
        0.231492395408
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-12-03
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CCG Receivables Trust
        N/A
        CCG Receivables Trust, Series 2018-2, Class C
        12509KAD8
        
          
        
        60000.00000000
        PA
        USD
        60683.27000000
        0.049849288842
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-12-15
          Fixed
          3.87000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136A9XT0
        
          
        
        76847.87000000
        PA
        USD
        4297.34000000
        0.003530121941
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2027-11-25
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31335HUG6
        
          
        
        19021.17000000
        PA
        USD
        21326.77000000
        0.017519232529
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2022-10-01
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Interpublic Group of Cos., Inc. (The)
        5493008IUOJ5VWTRC333
        Interpublic Group of Cos., Inc. (The)
        460690BL3
        
          
        
        41000.00000000
        PA
        USD
        44290.87000000
        0.036383477220
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-04-15
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        World Financial Network Credit Card Master Trust
        549300RSY3BGZS85SD04
        World Financial Network Credit Card Master Trust, Series 2019-A, Class A
        981464HA1
        
          
        
        75000.00000000
        PA
        USD
        75828.90000000
        0.062290920358
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-12-15
          Fixed
          3.14000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Interpublic Group of Cos., Inc. (The)
        5493008IUOJ5VWTRC333
        Interpublic Group of Cos., Inc. (The)
        460690BN9
        
          
        
        152000.00000000
        PA
        USD
        152000.00000000
        0.124862946640
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2021-10-01
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GS Mortgage Securities Trust
        N/A
        GS Mortgage Securities Trust, Series 2014-GC18, Class AAB
        36252RAQ2
        
          
        
        39103.00000000
        PA
        USD
        40367.68000000
        0.033160707064
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-01-10
          Fixed
          3.64800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31283HB20
        
          
        
        20130.76000000
        PA
        USD
        22639.48000000
        0.018597580152
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2028-07-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Auto Receivables Trust
        N/A
        Drive Auto Receivables Trust, Series 2019-1, Class C
        26208NAF1
        
          
        
        109133.10000000
        PA
        USD
        109750.60000000
        0.090156469155
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-04-15
          Fixed
          3.78000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COLT Funding LLC
        N/A
        COLT Funding LLC, Series 2020-2, Class A1
        19688JAA5
        
          
        
        96470.44000000
        PA
        USD
        97024.68000000
        0.079702548958
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2065-03-25
          Variable
          1.85300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAXJ4
        
          
        
        2490.49000000
        PA
        USD
        420.80000000
        0.000345673210
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2033-02-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31392DCP5
        
          
        
        1661.04000000
        PA
        USD
        292.52000000
        0.000240295454
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Floating
          6.91400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CCV1
        
          
        
        349200.00000000
        PA
        USD
        345135.10000000
        0.283517010362
        Long
        DBT
        UST
        US
        N
        
        2
        
          2028-08-31
          Fixed
          1.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley
        IGJSJL3JD5P30I6NJZ34
        Morgan Stanley
        6174468Q5
        
          
        
        59000.00000000
        PA
        USD
        60940.40000000
        0.050060512588
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-28
          Variable
          2.18800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lowe's Cos., Inc.
        WAFCR4OKGSC504WU3E95
        Lowe's Cos., Inc.
        548661EA1
        
          
        
        127000.00000000
        PA
        USD
        130272.41000000
        0.107014453806
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-04-01
          Fixed
          2.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GHM4
        
          
        
        73000.00000000
        PA
        USD
        82829.69000000
        0.068041836596
        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
        
          
        
        71000.00000000
        PA
        USD
        71209.17000000
        0.058495965750
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-01-08
          Fixed
          1.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Jabil, Inc.
        5493000CGCQY2OQU7669
        Jabil, Inc.
        466313AK9
        
          
        
        86000.00000000
        PA
        USD
        88304.60000000
        0.072539293144
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tricon American Homes
        N/A
        Tricon American Homes, Series 2020-SFR2, Class A
        89613JAA8
        
          
        
        308657.52000000
        PA
        USD
        303701.71000000
        0.249480857963
        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
        N/A
        Charter Communications Operating LLC / Charter Communications Operating Capital
        161175CE2
        
          
        
        197000.00000000
        PA
        USD
        192953.69000000
        0.158505041438
        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
        274440.42000000
        0.225443681042
        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
        
          
        
        89000.00000000
        PA
        USD
        89859.92000000
        0.073816936816
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2051-08-01
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sun Communities Operating L.P.
        549300PUNBPJCGT6X741
        Sun Communities Operating L.P.
        866677AF4
        
          
        
        56000.00000000
        PA
        USD
        56138.53000000
        0.046115936025
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-11-01
          Fixed
          2.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HSBC Holdings PLC
        MLU0ZO3ML4LN2LL2TL39
        HSBC Holdings PLC
        404280CN7
        
          
        
        225000.00000000
        PA
        USD
        225495.00000000
        0.185236645741
        Long
        DBT
        CORP
        GB
        N
        
        2
        
          N/A
          Variable
          4.60000000
          N
          N
          N
          N
          Y
          
            
              HSBC Holdings PLC
              HSBC Holdings PLC
              USD
              
                
              
            
          
          
            
          
          XXXX
        
        
          N
          N
          N
        
      
      
        American Credit Acceptance Receivables Trust
        N/A
        American Credit Acceptance Receivables Trust, Series 2019-3, Class C
        02529NAE7
        
          
        
        107321.38000000
        PA
        USD
        108110.26000000
        0.088808984379
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-09-12
          Fixed
          2.76000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Vontier Corp.
        N/A
        Vontier Corp.
        928881AC5
        
          
        
        121000.00000000
        PA
        USD
        119489.32000000
        0.098156503863
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-04-01
          Fixed
          2.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VeriSign, Inc.
        LMPL4N8ZOJRMF0KOF759
        VeriSign, Inc.
        92343EAM4
        
          
        
        97000.00000000
        PA
        USD
        98706.23000000
        0.081083886378
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-06-15
          Fixed
          2.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hyundai Capital America
        549300RIPPWJB5Z0FK07
        Hyundai Capital America
        44891AAW7
        
          
        
        84000.00000000
        PA
        USD
        88623.49000000
        0.072801250677
        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
        
          
        
        80000.00000000
        PA
        USD
        80710.93000000
        0.066301345696
        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
        
          
        
        170000.00000000
        PA
        USD
        168305.46000000
        0.138257339942
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-01-15
          Fixed
          1.37500000
          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
        168507.50000000
        0.138423309085
        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
        
          
        
        121000.00000000
        PA
        USD
        119355.07000000
        0.098046221952
        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
        251485.80000000
        0.206587223857
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-15
          Fixed
          1.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        W R Berkley Corp.
        SQOAGCLKBDWNVYV1OV80
        W R Berkley Corp.
        084423AV4
        
          
        
        111000.00000000
        PA
        USD
        117960.48000000
        0.096900612631
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2052-03-30
          Fixed
          3.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        3136AYAT0
        
          
        
        443488.60000000
        PA
        USD
        79217.26000000
        0.065074345450
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2047-09-25
          Floating
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America Corp.
        9DJT3UXIJIZJI4WXO774
        Bank of America Corp.
        06051GJB6
        
          
        
        66000.00000000
        PA
        USD
        67400.42000000
        0.055367204250
        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
        
          
        
        223861.78000000
        PA
        USD
        34519.53000000
        0.028356646266
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-01-15
          Floating
          6.61625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967MP3
        
          
        
        74000.00000000
        PA
        USD
        85484.02000000
        0.070222280446
        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.
        72014TAD1
        
          
        
        68000.00000000
        PA
        USD
        66692.76000000
        0.054785885086
        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
        
          
        
        9342.28000000
        PA
        USD
        9392.96000000
        0.007716004363
        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
        
          
        
        40000.00000000
        PA
        USD
        42237.66000000
        0.034696833465
        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
        
          
        
        221000.00000000
        PA
        USD
        231480.79000000
        0.190153773224
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-05-12
          Fixed
          3.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Broadcom, Inc.
        549300WV6GIDOZJTV909
        Broadcom, Inc.
        11135FBB6
        
          
        
        379000.00000000
        PA
        USD
        405238.53000000
        0.332889979922
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2025-11-15
          Fixed
          3.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31393FG91
        
          
        
        966.45000000
        PA
        USD
        161.00000000
        0.000132256147
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2029-06-15
          Floating
          8.01625000
          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
        260130.00000000
        0.213688146774
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2032-10-20
          Floating
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oceanview Mortgage Trust
        N/A
        Oceanview Mortgage Trust, Series 2021-3, Class A5
        67647WAE7
        
          
        
        217204.24000000
        PA
        USD
        223388.24000000
        0.183506012442
        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
        325265.92000000
        0.267195139559
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2022-08-15
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        World Financial Network Credit Card Master Trust
        549300RSY3BGZS85SD04
        World Financial Network Credit Card Master Trust, Series 2018-C, Class A
        981464GV6
        
          
        
        470000.00000000
        PA
        USD
        470653.25000000
        0.386625997638
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-08-15
          Fixed
          3.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BP Capital Markets America, Inc.
        5493009NTB34VXE1T760
        BP Capital Markets America, Inc.
        10373QBR0
        
          
        
        206000.00000000
        PA
        USD
        208230.80000000
        0.171054679403
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2041-06-17
          Fixed
          3.06000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nomura Holdings, Inc.
        549300B3CEAHYG7K8164
        Nomura Holdings, Inc.
        65535HAX7
        
          
        
        207000.00000000
        PA
        USD
        206418.06000000
        0.169565573759
        Long
        DBT
        CORP
        JP
        N
        
        2
        
          2031-07-14
          Fixed
          2.60800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc., Series V
        172967MK4
        
          
        
        165000.00000000
        PA
        USD
        169021.88000000
        0.138845855154
        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
        
          
        
        875.23000000
        PA
        USD
        195.43000000
        0.000160539247
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-03-25
          Floating
          8.01400000
          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
        255422.72000000
        0.209821272751
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2047-11-15
          Variable
          4.11570000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        QUALCOMM, Inc.
        H1J8DDZKZP6H7RWC0H53
        QUALCOMM, Inc.
        747525BJ1
        
          
        
        97000.00000000
        PA
        USD
        104020.45000000
        0.085449341433
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2050-05-20
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Berkshire Hathaway Finance Corp.
        549300RLHFT5RU20WM87
        Berkshire Hathaway Finance Corp.
        084664CV1
        
          
        
        80000.00000000
        PA
        USD
        78947.29000000
        0.064852574070
        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
        48305QAG8
        
          
        
        170000.00000000
        PA
        USD
        173977.19000000
        0.142916477576
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-06-01
          Fixed
          3.00200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Cox Communications, Inc.
        5493001NEDZNIFRP2R92
        Cox Communications, Inc.
        224044CP0
        
          
        
        293000.00000000
        PA
        USD
        307858.40000000
        0.252895440605
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-06-15
          Fixed
          3.60000000
          N
          N
          N
        
        
          N
          N
          
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31393ADJ3
        
          
        
        43688.49000000
        PA
        USD
        44802.19000000
        0.036803509601
        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
        
          
        
        3826.89000000
        PA
        USD
        827.68000000
        0.000679911603
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Floating
          8.01400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CVS Health Corp.
        549300EJG376EN5NQE29
        CVS Health Corp.
        126650DM9
        
          
        
        88000.00000000
        PA
        USD
        86683.62000000
        0.071207711965
        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.
        3137FLN59
        
          
        
        2036494.70000000
        PA
        USD
        51725.54000000
        0.042490811453
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2026-02-25
          Variable
          0.78527200
          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
        113403.88000000
        0.093157517219
        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
        213493.25000000
        0.175377607124
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-11-20
          Fixed
          2.39000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FAA83
        
          
        
        4078.66000000
        PA
        USD
        679.61000000
        0.000558277020
        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
        
          
        
        112000.00000000
        PA
        USD
        143538.86000000
        0.117912401427
        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
        
          
        
        11381.73000000
        PA
        USD
        1851.83000000
        0.001521216779
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-03-25
          Floating
          6.66400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31394DXZ8
        
          
        
        29641.37000000
        PA
        USD
        4407.40000000
        0.003620532572
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-05-25
          Floating
          6.51400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NXP B.V. / NXP Funding LLC / NXP USA, Inc.
        N/A
        NXP B.V. / NXP Funding LLC / NXP USA, Inc.
        62954HAA6
        
          
        
        73000.00000000
        PA
        USD
        80462.96000000
        0.066097646585
        Long
        DBT
        CORP
        XX
        
        N
        
        2
        
          2026-06-18
          Fixed
          3.87500000
          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
        656317.09000000
        0.539142669658
        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
        253631.25000000
        0.208349639705
        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
        
          
        
        113000.00000000
        PA
        USD
        106800.04000000
        0.087732682208
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2051-01-15
          Fixed
          2.95000000
          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
        212817.34000000
        0.174822369530
        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
        
          
        
        256000.00000000
        PA
        USD
        258716.07000000
        0.212526650286
        Long
        DBT
        CORP
        BM
        N
        
        2
        
          2031-06-15
          Fixed
          3.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        VMware, Inc.
        549300BUDHS3LRWBE814
        VMware, Inc.
        928563AL9
        
          
        
        93000.00000000
        PA
        USD
        90997.32000000
        0.074751273102
        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
        
          
        
        643.71000000
        PA
        USD
        112.22000000
        0.000092184999
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2031-12-18
          Floating
          7.81262000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3137AXEJ8
        
          
        
        81449.31000000
        PA
        USD
        4606.62000000
        0.003784185179
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2027-12-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BBVA USA
        C90VT034M03BN29IRA40
        BBVA USA
        05552JAA7
        
          
        
        255000.00000000
        PA
        USD
        267532.16000000
        0.219768775123
        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
        
          
        
        184930.18000000
        PA
        USD
        10562.73000000
        0.008676931528
        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
        
          
        
        106000.00000000
        PA
        USD
        105799.83000000
        0.086911042946
        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
        
          
        
        173000.00000000
        PA
        USD
        170067.04000000
        0.139704419347
        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
        
          
        
        109000.00000000
        PA
        USD
        115262.78000000
        0.094684541768
        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
        
          
        
        120000.00000000
        PA
        USD
        120633.90000000
        0.099096738281
        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
        
          
        
        50000.00000000
        PA
        USD
        63078.21000000
        0.051816652430
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2045-05-13
          Fixed
          4.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fresenius Medical Care US Finance II, Inc.
        5493008GJ5TVVTY4UM62
        Fresenius Medical Care US Finance II, Inc.
        35802XAF0
        
          
        
        100000.00000000
        PA
        USD
        101747.54000000
        0.083582221433
        Long
        DBT
        CORP
        US
        
        N
        
        2
        
          2022-01-31
          Fixed
          5.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co., Series I
        46625HHA1
        
          
        
        264000.00000000
        PA
        USD
        265446.64000000
        0.218055589778
        Long
        DBT
        CORP
        US
        N
        
        2
        
          N/A
          Variable
          3.59850000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bunge Ltd Finance Corp.
        549300QHC068L40NNM71
        Bunge Ltd Finance Corp.
        120568BC3
        
          
        
        262000.00000000
        PA
        USD
        265667.22000000
        0.218236788914
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-05-14
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Oceanview Mortgage Trust
        N/A
        Oceanview Mortgage Trust, Series 2021-4, Class A8
        07336GAH7
        
          
        
        269000.00000000
        PA
        USD
        275987.09000000
        0.226714219027
        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
        
          
        
        66000.00000000
        PA
        USD
        68290.40000000
        0.056098293232
        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
        
          
        
        65000.00000000
        PA
        USD
        61828.33000000
        0.050789917563
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-01-20
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31296XJA4
        
          
        
        27288.72000000
        PA
        USD
        30970.01000000
        0.025440833592
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-04-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Madison Park Funding Ltd.
        N/A
        Madison Park Funding Ltd., Series 2021-48A, Class A
        55821UAA2
        
          
        
        742000.00000000
        PA
        USD
        742164.33000000
        0.609663323259
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-04-19
          Floating
          1.28388000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Nationwide Building Society
        549300XFX12G42QIKN82
        Nationwide Building Society
        63861VAE7
        
          
        
        150000.00000000
        PA
        USD
        166825.51000000
        0.137041610220
        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
        199076.06000000
        0.163534364850
        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
        
          
        
        158000.00000000
        PA
        USD
        156686.30000000
        0.128712586291
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2053-09-15
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fifth Third Bank
        QFROUN1UWUYU0DVIWD51
        Fifth Third Bank
        31677AAB0
        
          
        
        168000.00000000
        PA
        USD
        185204.28000000
        0.152139158758
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-03-15
          Fixed
          3.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCWD4
        
          
        
        44854.44000000
        PA
        USD
        8560.03000000
        0.007031780060
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-08-25
          Fixed
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Skyworks Solutions, Inc.
        549300WZ3ORQ2BVKBD96
        Skyworks Solutions, Inc.
        83088MAL6
        
          
        
        60000.00000000
        PA
        USD
        61412.42000000
        0.050448261325
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-06-01
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Symphony CLO Ltd.
        N/A
        Symphony CLO Ltd., Series 2020-22A, Class A1A
        87167GAA8
        
          
        
        250000.00000000
        PA
        USD
        250908.74000000
        0.206113188252
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-04-18
          Floating
          1.42388000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs
        31395DUU1
        
          
        
        26715.13000000
        PA
        USD
        41742.37000000
        0.034289969197
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2036-06-25
          Floating
          23.88466700
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GS Mortgage-Backed Securities Trust
        N/A
        GS Mortgage-Backed Securities Trust, Series 2021-INV, Class A6
        36263KAF8
        
          
        
        232249.91000000
        PA
        USD
        237700.54000000
        0.195263091069
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2051-12-25
          Variable
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Lundin Energy Finance B.V.
        549300JSNI1KL271GM17
        Lundin Energy Finance B.V.
        55037AAA6
        
          
        
        216000.00000000
        PA
        USD
        217405.99000000
        0.178591792952
        Long
        DBT
        CORP
        NL
        N
        
        2
        
          2026-07-15
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Bonds
        254900HROIFWPRGM1V77
        U.S. Treasury Bonds
        912810TA6
        
          
        
        1078100.00000000
        PA
        USD
        1030933.13000000
        0.846877292114
        Long
        DBT
        UST
        US
        N
        
        2
        
          2041-08-15
          Fixed
          1.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31293FS73
        
          
        
        1683.00000000
        PA
        USD
        1891.42000000
        0.001553738648
        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
        
          
        
        566.46000000
        PA
        USD
        644.51000000
        0.000529443537
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-04-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        U.S. Treasury Notes
        254900HROIFWPRGM1V77
        U.S. Treasury Notes
        91282CCS8
        
          
        
        2204100.00000000
        PA
        USD
        2150891.66000000
        1.766885990609
        Long
        DBT
        UST
        US
        N
        
        2
        
          2031-08-15
          Fixed
          1.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Hyundai Capital America
        549300RIPPWJB5Z0FK07
        Hyundai Capital America
        44891ABJ5
        
          
        
        105000.00000000
        PA
        USD
        112623.92000000
        0.092516806009
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2023-04-06
          Fixed
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Kimco Realty Corp.
        549300EA7I6T15IBYS12
        Kimco Realty Corp.
        49446RAY5
        
          
        
        148000.00000000
        PA
        USD
        144735.02000000
        0.118895007100
        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
        
          
        
        271000.00000000
        PA
        USD
        276839.78000000
        0.227414675514
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-09-16
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Electronic Arts, Inc.
        549300O7A67PUEYKDL45
        Electronic Arts, Inc.
        285512AE9
        
          
        
        149000.00000000
        PA
        USD
        144204.99000000
        0.118459605076
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2031-02-15
          Fixed
          1.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association, TBA
        21H0226A4
        
          
        
        4265000.00000000
        PA
        USD
        4403112.73000000
        3.617010722757
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2051-10-01
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        3137FGV77
        
          
        
        51473.45000000
        PA
        USD
        2557.41000000
        0.002100827291
        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
        
          
        
        4426.86000000
        PA
        USD
        4267.06000000
        0.003505247928
        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
        
          
        
        67000.00000000
        PA
        USD
        72425.84000000
        0.059495419706
        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
        
          
        
        162000.00000000
        PA
        USD
        160693.58000000
        0.132004433585
        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
        
          
        
        95000.00000000
        PA
        USD
        93652.10000000
        0.076932086612
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-12-09
          Variable
          1.09300000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        American Equity Investment Life Holding Co.
        549300RK5RZQ740FPL83
        American Equity Investment Life Holding Co.
        025676AM9
        
          
        
        97000.00000000
        PA
        USD
        111805.26000000
        0.091844304036
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2027-06-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CNH Equipment Trust
        N/A
        CNH Equipment Trust, Series 2017-C, Class B
        18978CAE3
        
          
        
        65000.00000000
        PA
        USD
        65302.72000000
        0.053644013439
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-05-15
          Fixed
          2.54000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Neuberger Berman CLO Ltd.
        549300Y2YE54ON4DJE28
        Neuberger Berman CLO Ltd., Series 2021-40A, Class A
        64134JAA1
        
          
        
        250000.00000000
        PA
        USD
        250562.50000000
        0.205828763603
        Long
        ABS-CBDO
        CORP
        KY
        N
        
        2
        
          2033-04-16
          Floating
          1.18638000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Auto Receivables Trust
        N/A
        Drive Auto Receivables Trust, Series 2017-1, Class D
        26208EAG9
        
          
        
        4829.26000000
        PA
        USD
        4836.26000000
        0.003972826804
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2023-03-15
          Fixed
          3.84000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ING Groep N.V.
        549300NYKK9MWM7GGW15
        ING Groep N.V.
        AL2981127
        
          
        
        200000.00000000
        PA
        USD
        205602.80000000
        0.168895864773
        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
        
      
      
        Freddie Mac REMICs
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac REMICs, IO
        31398LPG7
        
          
        
        38131.67000000
        PA
        USD
        6383.50000000
        0.005243833025
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2039-12-15
          Floating
          6.16625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae REMICs
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae REMICs, IO
        31397M4E4
        
          
        
        131.40000000
        PA
        USD
        3.26000000
        0.000002677981
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2024-02-25
          Floating
          6.61400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AbbVie, Inc.
        FR5LCKFTG8054YNNRU85
        AbbVie, Inc.
        00287YCV9
        
          
        
        128000.00000000
        PA
        USD
        137708.74000000
        0.113123151674
        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
        765213.66000000
        0.628597581561
        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)
        842587DJ3
        
          
        
        93000.00000000
        PA
        USD
        94980.90000000
        0.078023651635
        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
        
          
        
        65000.00000000
        PA
        USD
        71473.83000000
        0.058713375141
        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
        
          
        
        50000.00000000
        PA
        USD
        81943.82000000
        0.067314123843
        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
        
          
        
        254639.05000000
        PA
        USD
        31865.28000000
        0.026176268133
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-08-25
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DT Auto Owner Trust
        N/A
        DT Auto Owner Trust, Series 2018-3A, Class C
        23343CAE1
        
          
        
        2347.52000000
        PA
        USD
        2350.79000000
        0.001931095831
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-07-15
          Fixed
          3.79000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        California State University
        N/A
        California State University, Series 2021 B, Ref. RB
        13077DRV6
        
          
        
        170000.00000000
        PA
        USD
        166582.88000000
        0.136842297741
        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
        
          
        
        126000.00000000
        PA
        USD
        125489.32000000
        0.103085304389
        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
        
          
        
        1758.39000000
        PA
        USD
        273.01000000
        0.000224268638
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-07-25
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mylan, Inc.
        30ZMPDNA1RHIBH89C294
        Mylan, Inc.
        628530AV9
        
          
        
        82000.00000000
        PA
        USD
        84728.94000000
        0.069602007329
        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
        
          
        
        79093.55000000
        PA
        USD
        88776.06000000
        0.072926581860
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-04-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        3136FCYZ3
        
          
        
        50491.48000000
        PA
        USD
        8692.00000000
        0.007140189027
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2035-09-25
          Variable
          6.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Auto Receivables Trust
        N/A
        Drive Auto Receivables Trust, Series 2018-5, Class C
        26208MAF3
        
          
        
        80490.64000000
        PA
        USD
        81151.37000000
        0.066663152514
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2025-01-15
          Fixed
          3.99000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac Structured Agency Credit Risk Debt Notes
        549300BL200YC56BUV20
        Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2018-DNA3, Class M1
        35563WAA2
        
          
        
        165.34000000
        PA
        USD
        165.34000000
        0.000135821313
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-09-25
          Floating
          0.83600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Drive Auto Receivables Trust
        N/A
        Drive Auto Receivables Trust, Series 2018-3, Class D
        26208KAG5
        
          
        
        125301.68000000
        PA
        USD
        127585.58000000
        0.104807312287
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          2024-09-16
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chase Mortgage Finance Corp.
        N/A
        Chase Mortgage Finance Corp., Series 2019-ATR1, Class A15
        16158RAR7
        
          
        
        12274.04000000
        PA
        USD
        12438.13000000
        0.010217510279
        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
        
          
        
        80000.00000000
        PA
        USD
        74026.99000000
        0.060810711199
        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
        
          
        
        60000.00000000
        PA
        USD
        57548.16000000
        0.047273900206
        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
        
          
        
        12872.21000000
        PA
        USD
        12976.39000000
        0.010659672974
        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
        
          
        
        136388.29000000
        PA
        USD
        136921.60000000
        0.112476542333
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2055-11-25
          Fixed
          1.31200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae Interest STRIPS
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Interest STRIPS, IO
        31364HS24
        
          
        
        9496.13000000
        PA
        USD
        1118.39000000
        0.000918720203
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2028-02-25
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Brookfield Finance, Inc.
        N/A
        Brookfield Finance, Inc.
        11271LAH5
        
          
        
        115000.00000000
        PA
        USD
        117745.39000000
        0.096723923347
        Long
        DBT
        CORP
        CA
        N
        
        2
        
          2031-04-15
          Fixed
          2.72400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AEP Texas, Inc.
        5493001L78U618KXNZ75
        AEP Texas, Inc.
        00108WAG5
        
          
        
        162000.00000000
        PA
        USD
        180644.49000000
        0.148393442867
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-01
          Fixed
          3.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VCX0
        
          
        
        49000.00000000
        PA
        USD
        60193.48000000
        0.049446942640
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2048-09-15
          Fixed
          4.52200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 10 Year Ultra Future
        N/A
        
          
        
        -54.00000000
        NC
        USD
        116531.57000000
        0.095726810571
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Short
            
              
                United States Treasury Note/Bond
                U.S. Treasury Notes
                
                  
                
              
            
            2021-12-21
            7960031.57000000
            USD
            116531.57000000
          
        
        
          N
          N
          N
        
      
      
        Blackstone Secured Lending Fund
        549300KM7KWQHVBNH962
        Blackstone Secured Lending Fund
        09261XAF9
        
          
        
        112000.00000000
        PA
        USD
        111324.07000000
        0.091449022448
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-09-30
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citigroup, Inc.
        6SHGI4ZSSLCXXQSBB395
        Citigroup, Inc.
        172967MQ1
        
          
        
        88000.00000000
        PA
        USD
        93464.57000000
        0.076778036952
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-04-08
          Variable
          3.10600000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Sumitomo Mitsui Financial Group, Inc.
        35380028MYWPB6AUO129
        Sumitomo Mitsui Financial Group, Inc.
        86562MCJ7
        
          
        
        200000.00000000
        PA
        USD
        196961.83000000
        0.161797595194
        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
        201687.66000000
        0.165679707425
        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
        
          
        
        136000.00000000
        PA
        USD
        145116.61000000
        0.119208470599
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-11-12
          Fixed
          2.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        U.S. Treasury 2 Year Notes Future
        N/A
        
          
        
        87.00000000
        NC
        USD
        -11554.64000000
        -0.00949175261
        N/A
        DIR
        
        N/A
        N
        
        1
        
          
            
              BOFA SECURITIES, INC.
              549300HN4UKV1E2R3U73
            
            Long
            
              
                United States Treasury Note/Bond
                U.S. Treasury Floating Rate Notes
                
                  
                
              
            
            2021-12-31
            19156312.50000000
            USD
            -11554.64000000
          
        
        
          N
          N
          N
        
      
      
        Ares Capital Corp.
        WEQ82666OJYSI5GUAB47
        Ares Capital Corp.
        04010LBB8
        
          
        
        170000.00000000
        PA
        USD
        172336.17000000
        0.141568434203
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2028-06-15
          Fixed
          2.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banc of America Funding Corp. Trust
        N/A
        Banc of America Funding Corp. Trust, Series 2007-C, Class 1A4
        059522AW2
        
          
        
        15050.65000000
        PA
        USD
        15232.69000000
        0.012513148412
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2036-05-20
          Variable
          3.05342400
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fidelity National Financial, Inc.
        549300CAZYIH39SYQ287
        Fidelity National Financial, Inc.
        31620RAJ4
        
          
        
        58000.00000000
        PA
        USD
        62329.64000000
        0.051201727062
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2030-06-15
          Fixed
          3.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Verizon Communications, Inc.
        2S72QS2UO2OESLG6Y829
        Verizon Communications, Inc.
        92343VGK4
        
          
        
        75000.00000000
        PA
        USD
        78397.71000000
        0.064401112371
        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
        
          
        
        35000.00000000
        PA
        USD
        33905.45000000
        0.027852199961
        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
        48305QAF0
        
          
        
        160000.00000000
        PA
        USD
        162066.99000000
        0.133132644240
        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
        
          
        
        516.42000000
        PA
        USD
        109.84000000
        0.000090229908
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2032-04-25
          Floating
          7.71400000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac
        31298EX67
        
          
        
        3499.21000000
        PA
        USD
        3936.47000000
        0.003233679233
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-08-01
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PacifiCorp
        SGY07Y7FNYBNLM6Z1M11
        PacifiCorp
        695114CY2
        
          
        
        147000.00000000
        PA
        USD
        143272.03000000
        0.117693209453
        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
        
          
        
        62997.58000000
        PA
        USD
        12986.94000000
        0.010668339448
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2042-12-25
          Floating
          6.06400000
          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
        103888.06000000
        0.085340587449
        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
        
          
        
        13313.77000000
        PA
        USD
        5819.40000000
        0.004780443629
        Long
        ABS-APCP
        USGSE
        US
        N
        
        2
        
          2024-07-26
          Variable
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Goldman Sachs Group, Inc. (The)
        784F5XWPLTWKTBV3E584
        Goldman Sachs Group, Inc. (The)
        38141GXN9
        
          
        
        516000.00000000
        PA
        USD
        518001.95000000
        0.425521380543
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2026-12-09
          Floating
          0.84000300
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      2021-10-30
      AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
      Sheri Morris
      Sheri Morris
      President
    
  
  XXXX
Schedule of Investments(a)
September 30, 2021
(Unaudited)
  Principal
Amount 		Value
U.S. Dollar Denominated Bonds & Notes–42.37%
Advertising–0.24%
Interpublic Group of Cos., Inc. (The),                       
3.75%, 10/01/2021      $152,000     $152,000
4.20%, 04/15/2024       41,000      44,291
WPP Finance 2010 (United Kingdom), 3.75%, 09/19/2024       86,000      93,354
      289,645
Aerospace & Defense–0.27%
BAE Systems Holdings, Inc. (United Kingdom), 3.85%, 12/15/2025(b)       66,000      72,059
Boeing Co. (The), 2.20%, 02/04/2026      165,000     166,253
L3Harris Technologies, Inc., 3.85%, 06/15/2023       85,000      89,581
      327,893
Agricultural & Farm Machinery–0.22%
Bunge Ltd. Finance Corp., 2.75%, 05/14/2031      262,000     265,667
Airlines–0.58%
British Airways Pass-Through Trust (United Kingdom), Series 2021-1, Class A, 2.90%, 03/15/2035(b)       80,000      80,711
Delta Air Lines, Inc./SkyMiles IP Ltd.,                       
4.50%, 10/20/2025(b)      129,118     138,194
4.75%, 10/20/2028(b)      257,692     287,486
United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 10/15/2027      179,930     201,716
      708,107
Apparel Retail–0.08%
Ross Stores, Inc., 3.38%, 09/15/2024       94,000      99,795
Application Software–0.33%
salesforce.com, inc.,                       
2.90%, 07/15/2051      248,000     247,815
3.05%, 07/15/2061      150,000     152,072
      399,887
Asset Management & Custody Banks–0.53%
Ares Capital Corp., 2.88%, 06/15/2028      170,000     172,336
Brookfield Asset Management, Inc. (Canada), 4.00%, 01/15/2025       79,000      85,874
CI Financial Corp. (Canada), 3.20%, 12/17/2030      129,000     134,016
Hercules Capital, Inc., 2.63%, 09/16/2026      161,000     161,038
Owl Rock Capital Corp., 2.63%, 01/15/2027       93,000      93,227
      646,491
Automobile Manufacturers–1.06%
Daimler Finance North America LLC (Germany), 2.55%, 08/15/2022(b)      319,000     325,266
  Principal
Amount 		Value
Automobile Manufacturers–(continued)
General Motors Financial Co., Inc.,                       
4.20%, 11/06/2021      $131,000     $131,464
4.15%, 06/19/2023       83,000      87,745
Hyundai Capital America,                       
5.75%, 04/06/2023(b)      105,000     112,624
4.13%, 06/08/2023(b)       84,000      88,623
2.00%, 06/15/2028(b)      173,000     170,067
Nissan Motor Acceptance Co. LLC, 1.85%, 09/16/2026(b)      182,000     180,219
Stellantis Finance US, Inc., 2.69%, 09/15/2031(b)      200,000     198,184
      1,294,192
Automotive Retail–0.20%
Advance Auto Parts, Inc., 1.75%, 10/01/2027      244,000     243,141
Biotechnology–0.11%
AbbVie, Inc., 3.85%, 06/15/2024      128,000     137,709
Brewers–0.07%
Anheuser-Busch InBev Worldwide, Inc. (Belgium), 8.20%, 01/15/2039       50,000      81,944
Building Products–0.13%
Johnson Controls International PLC/Tyco Fire & Security Finance S.C.A., 2.00%, 09/16/2031       72,000      70,188
Masco Corp., 1.50%, 02/15/2028       90,000      87,636
      157,824
Cable & Satellite–1.09%
Charter Communications Operating LLC/Charter Communications Operating Capital Corp.,                       
1.78% (3 mo. USD LIBOR + 1.65%), 02/01/2024(c)      156,000     160,470
3.50%, 06/01/2041      112,000     110,139
3.50%, 03/01/2042      197,000     192,954
3.90%, 06/01/2052      147,000     146,691
3.85%, 04/01/2061      145,000     138,599
4.40%, 12/01/2061       70,000      72,954
Comcast Corp., 2.65%, 08/15/2062       98,000      87,002
Cox Communications, Inc.,                       
2.60%, 06/15/2031(b)      115,000     116,484
3.60%, 06/15/2051(b)(d)      293,000     307,858
      1,333,151
Computer & Electronics Retail–0.20%
Dell International LLC/EMC Corp., 5.30%, 10/01/2029      102,000     123,419
Leidos, Inc., 2.30%, 02/15/2031      117,000     114,461
      237,880
Consumer Finance–0.06%
Synchrony Financial, 4.25%, 08/15/2024       67,000      72,426
 
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
Distillers & Vintners–0.26%
Pernod Ricard S.A. (France), 4.25%, 07/15/2022(b)      $307,000     $316,197
Diversified Banks–8.43%
Banco Santander S.A. (Spain), 1.72%, 09/14/2027(e)      200,000     199,178
Bank of America Corp.,                       
3.82%, 01/20/2028(e)       54,000      59,628
4.27%, 07/23/2029(e)       73,000      82,830
2.59%, 04/29/2031(e)       66,000      67,400
2.69%, 04/22/2032(e)      256,000     260,825
2.30%, 07/21/2032(e)      121,000     119,355
2.48%, 09/21/2036(e)      203,000     199,078
7.75%, 05/14/2038      232,000     363,321
2.97%, 07/21/2052(e)      198,000     194,185
BBVA USA, 2.50%, 08/27/2024      255,000     267,532
BNP Paribas S.A. (France), 2.16%, 09/15/2029(b)(e)      206,000     204,208
BPCE S.A. (France), 4.50%, 03/15/2025(b)      185,000     203,310
Citigroup, Inc.,                       
3.11%, 04/08/2026(e)       88,000      93,464
4.08%, 04/23/2029(e)       74,000      82,986
4.41%, 03/31/2031(e)       74,000      85,484
2.56%, 05/01/2032(e)      165,000     166,743
3.88%(e)(f)      376,000     384,930
Series V, 4.70%(e)(f)      165,000     169,022
Commonwealth Bank of Australia (Australia), 2.69%, 03/11/2031(b)      200,000     199,512
Credit Agricole S.A. (France),                       
4.38%, 03/17/2025(b)      310,000     338,587
7.88%(b)(e)(f)      200,000     223,296
Danske Bank A/S (Denmark), 1.55%, 09/10/2027(b)      200,000     198,534
Discover Bank, 4.65%, 09/13/2028      116,000     134,534
HSBC Holdings PLC (United Kingdom),                       
3.95%, 05/18/2024(e)      103,000     108,495
2.80%, 05/24/2032(e)      206,000     208,922
4.60%(e)(f)      225,000     225,495
6.25%(e)(f)      243,000     253,631
ING Groep N.V. (Netherlands),                       
1.06% (SOFR + 1.01%), 04/01/2027(c)      368,000     372,035
3.88%(e)(f)      304,000     295,610
6.88%(b)(e)(f)      200,000     205,603
Series NC10, 4.25%(e)(f)      468,000     455,083
JPMorgan Chase & Co.,                       
3.80%, 07/23/2024(e)      109,000     115,263
2.08%, 04/22/2026(e)      116,000     119,357
3.78%, 02/01/2028(e)       97,000     106,950
3.54%, 05/01/2028(e)       75,000      81,969
2.58%, 04/22/2032(e)      160,000     162,338
3.11%, 04/22/2041(e)       72,000      74,528
Mizuho Financial Group, Inc. (Japan),                       
2.56%, 09/13/2031      200,000     197,281
2.17%, 05/22/2032(e)      296,000     290,849
National Australia Bank Ltd. (Australia), 3.93%, 08/02/2034(b)(e)      153,000     164,705
Nordea Bank Abp (Finland), 3.75%(b)(e)(f)      210,000     207,112
  Principal
Amount 		Value
Diversified Banks–(continued)
Royal Bank of Canada (Canada), 3.70%, 10/05/2023       $72,000      $76,605
Standard Chartered PLC (United Kingdom), 2.68%, 06/29/2032(b)(e)      200,000     199,076
Sumitomo Mitsui Financial Group, Inc. (Japan),                       
1.47%, 07/08/2025      200,000     201,688
2.14%, 09/23/2030      176,000     170,227
2.22%, 09/17/2031      200,000     196,962
2.93%, 09/17/2041      173,000     168,691
Sumitomo Mitsui Trust Bank Ltd. (Japan), 1.35%, 09/16/2026(b)      461,000     460,431
Truist Bank, 2.64%, 09/17/2029(d)(e)      390,000     407,825
U.S. Bancorp,                       
Series W, 3.10%, 04/27/2026       65,000      70,220
1.38%, 07/22/2030       64,000      61,056
Wells Fargo & Co.,                       
3.58%, 05/22/2028(e)       74,000      81,071
4.75%, 12/07/2046       51,000      63,945
Series BB, 3.90%(e)(f)      157,000     162,004
      10,262,969
Diversified Capital Markets–1.01%
Credit Suisse AG (Switzerland), 3.63%, 09/09/2024      189,000     203,797
Credit Suisse Group AG (Switzerland),                       
4.55%, 04/17/2026      147,000     165,213
4.19%, 04/01/2031(b)(e)      250,000     280,160
5.10%(b)(e)(f)      201,000     206,286
UBS Group AG (Switzerland),                       
4.13%, 04/15/2026(b)      153,000     170,598
4.38%(b)(e)(f)      200,000     202,540
      1,228,594
Diversified Chemicals–0.11%
Dow Chemical Co. (The), 3.63%, 05/15/2026       60,000      65,797
Eastman Chemical Co., 3.50%, 12/01/2021       74,000      74,375
      140,172
Diversified REITs–0.17%
Brixmor Operating Partnership L.P.,                       
4.13%, 05/15/2029       43,000      48,336
4.05%, 07/01/2030       66,000      73,741
2.50%, 08/16/2031       82,000      80,887
      202,964
Drug Retail–0.28%
CK Hutchison International 21 Ltd. (United Kingdom), 1.50%, 04/15/2026(b)      339,000     339,468
Electric Utilities–0.90%
AEP Texas, Inc., 3.95%, 06/01/2028(b)      162,000     180,645
Duke Energy Corp., 3.25%, 01/15/2082(e)      126,000     125,489
EDP Finance B.V. (Portugal), 3.63%, 07/15/2024(b)      219,000     234,113
Enel Finance International N.V. (Italy), 2.88%, 07/12/2041(b)      200,000     195,072
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
Electric Utilities–(continued)
NextEra Energy Capital Holdings, Inc., 0.59% (SOFR + 0.54%), 03/01/2023(c)      $118,000     $118,538
PacifiCorp, 2.90%, 06/15/2052      147,000     143,272
Southern Co. (The), Series 21-A, 3.75%, 09/15/2051(e)       93,000      94,981
      1,092,110
Electronic Equipment & Instruments–0.18%
Vontier Corp.,                       
2.40%, 04/01/2028(b)      121,000     119,489
2.95%, 04/01/2031(b)      102,000     101,548
      221,037
Electronic Manufacturing Services–0.07%
Jabil, Inc., 3.00%, 01/15/2031       86,000      88,305
Financial Exchanges & Data–0.32%
Intercontinental Exchange, Inc., 3.00%, 09/15/2060       65,000      62,939
Moody’s Corp.,                       
2.00%, 08/19/2031      133,000     130,303
2.75%, 08/19/2041      156,000     151,727
MSCI, Inc., 3.25%, 08/15/2033(b)       47,000      47,597
      392,566
Food Retail–0.27%
Alimentation Couche-Tard, Inc. (Canada),                       
3.44%, 05/13/2041(b)      155,000     159,562
3.63%, 05/13/2051(b)      167,000     172,900
      332,462
Health Care Distributors–0.10%
McKesson Corp., 1.30%, 08/15/2026      121,000     120,079
Health Care REITs–0.24%
Healthcare Trust of America Holdings L.P.,                       
3.50%, 08/01/2026       66,000      71,591
2.00%, 03/15/2031       65,000      62,370
Omega Healthcare Investors, Inc., 3.25%, 04/15/2033      162,000     160,693
      294,654
Health Care Services–0.67%
Cigna Corp., 4.13%, 11/15/2025       66,000      73,369
CVS Health Corp., 1.30%, 08/21/2027       88,000      86,684
Fresenius Medical Care US Finance II, Inc. (Germany), 5.88%, 01/31/2022(b)      100,000     101,747
Fresenius Medical Care US Finance III, Inc. (Germany), 1.88%, 12/01/2026(b)      150,000     150,816
Piedmont Healthcare, Inc.,                       
Series 2042,
2.04%, 01/01/2032 		      70,000      68,752
2.72%, 01/01/2042       68,000      66,693
2.86%, 01/01/2052       77,000      74,981
Providence St. Joseph Health Obligated Group, Series 21A, 2.70%, 10/01/2051      205,000     195,866
      818,908
  Principal
Amount 		Value
Home Improvement Retail–0.11%
Lowe’s Cos., Inc., 2.63%, 04/01/2031      $127,000     $130,272
Homebuilding–0.27%
D.R. Horton, Inc., 4.75%, 02/15/2023       77,000      80,535
M.D.C. Holdings, Inc., 3.97%, 08/06/2061      255,000     244,683
      325,218
Hotels, Resorts & Cruise Lines–0.79%
Expedia Group, Inc.,                       
4.63%, 08/01/2027       60,000      68,059
3.25%, 02/15/2030      597,000     617,820
2.95%, 03/15/2031      272,000     275,093
      960,972
Independent Power Producers & Energy Traders–0.25%
AES Corp. (The),                       
1.38%, 01/15/2026       65,000      64,190
2.45%, 01/15/2031       71,000      70,117
Deutsche Telekom International Finance B.V. (Germany), 4.38%, 06/21/2028(b)      149,000     172,306
      306,613
Industrial Conglomerates–0.15%
GE Capital International Funding Co. Unlimited Co., 3.37%, 11/15/2025      163,000     176,759
Industrial Machinery–0.05%
Flowserve Corp., 2.80%, 01/15/2032       61,000      60,432
Industrial REITs–0.08%
Lexington Realty Trust, 2.38%, 10/01/2031      103,000      99,993
Insurance Brokers–0.14%
Arthur J. Gallagher & Co., 3.50%, 05/20/2051       93,000      99,751
Assured Guaranty US Holdings, Inc., 3.60%, 09/15/2051       68,000      69,296
      169,047
Integrated Oil & Gas–0.37%
BP Capital Markets America, Inc.,                       
3.06%, 06/17/2041      206,000     208,231
2.94%, 06/04/2051       27,000      25,574
3.00%, 03/17/2052      106,000     101,492
Cenovus Energy, Inc. (Canada), 2.65%, 01/15/2032       33,000      32,408
Gray Oak Pipeline LLC, 2.60%, 10/15/2025(b)       76,000      77,950
      445,655
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
Integrated Telecommunication Services–2.49%
AT&T, Inc.,                       
0.69% (SOFR + 0.64%), 03/25/2024(c)      $156,000     $156,296
4.30%, 02/15/2030       65,000      74,630
2.55%, 12/01/2033      347,000     341,698
3.10%, 02/01/2043       93,000      89,326
3.50%, 09/15/2053      158,000     156,686
3.50%, 02/01/2061       60,000      57,548
NBN Co. Ltd. (Australia),                       
1.63%, 01/08/2027(b)      203,000     202,472
2.63%, 05/05/2031(b)      275,000     279,227
2.50%, 01/08/2032(b)      250,000     249,070
Verizon Communications, Inc.,                       
1.75%, 01/20/2031       65,000      61,828
2.55%, 03/21/2031       70,000      70,907
2.36%, 03/15/2032(b)      598,000     591,743
2.65%, 11/20/2040       60,000      56,452
3.40%, 03/22/2041       75,000      78,398
2.85%, 09/03/2041      221,000     216,043
4.52%, 09/15/2048       49,000      60,194
2.88%, 11/20/2050       70,000      65,350
3.55%, 03/22/2051       40,000      42,238
3.00%, 11/20/2060       80,000      74,027
3.70%, 03/22/2061       98,000     103,707
      3,027,840
Interactive Home Entertainment–0.12%
Electronic Arts, Inc., 1.85%, 02/15/2031      149,000     144,205
Internet & Direct Marketing Retail–0.54%
Amazon.com, Inc.,                       
2.10%, 05/12/2031      234,000     237,188
2.88%, 05/12/2041      178,000     183,837
3.10%, 05/12/2051      221,000     231,481
      652,506
Internet Services & Infrastructure–0.08%
VeriSign, Inc., 2.70%, 06/15/2031       97,000      98,706
Investment Banking & Brokerage–2.70%
Brookfield Finance I (UK) PLC (Canada), 2.34%, 01/30/2032      159,000     156,641
Goldman Sachs Group, Inc. (The),                       
0.63% (SOFR + 0.58%), 03/08/2024(c)      270,000     270,649
3.50%, 04/01/2025       79,000      84,960
3.50%, 11/16/2026       46,000      49,731
0.84% (SOFR + 0.79%), 12/09/2026(c)      516,000     518,002
1.09%, 12/09/2026(e)       95,000      93,652
0.86% (SOFR + 0.81%), 03/09/2027(c)      483,000     483,851
1.99%, 01/27/2032(e)      102,000      98,432
2.62%, 04/22/2032(e)       64,000      64,816
2.38%, 07/21/2032(e)      121,000     119,879
3.21%, 04/22/2042(e)       66,000      68,291
2.91%, 07/21/2042(e)       96,000      94,779
  Principal
Amount 		Value
Investment Banking & Brokerage–(continued)
Morgan Stanley,                       
5.00%, 11/24/2025       $85,000      $97,217
2.19%, 04/28/2026(e)       59,000      60,940
3.62%, 04/01/2031(e)       74,000      81,602
2.24%, 07/21/2032(e)      199,000     195,699
2.48%, 09/16/2036(e)      491,000     480,815
2.80%, 01/25/2052(e)       63,000      60,663
Nomura Holdings, Inc. (Japan), 2.61%, 07/14/2031      207,000     206,418
      3,287,037
IT Consulting & Other Services–0.16%
DXC Technology Co., 2.38%, 09/15/2028      195,000     192,808
Life & Health Insurance–1.67%
American Equity Investment Life Holding Co., 5.00%, 06/15/2027       97,000     111,805
Athene Global Funding,                       
1.20%, 10/13/2023(b)      140,000     141,821
1.45%, 01/08/2026(b)       71,000      71,209
2.95%, 11/12/2026(b)      136,000     145,117
Athene Holding Ltd.,                       
6.15%, 04/03/2030       81,000     102,016
3.95%, 05/25/2051       29,000      32,110
F&G Global Funding, 2.00%, 09/20/2028(b)      187,000     184,255
GA Global Funding Trust, 1.95%, 09/15/2028(b)      255,000     251,486
MAG Mutual Insurance Co., 4.75%, 04/30/2041(g)      612,000     629,424
Manulife Financial Corp. (Canada), 4.06%, 02/24/2032(e)       63,000      69,112
Pacific LifeCorp, 3.35%, 09/15/2050(b)       82,000      86,831
Prudential Financial, Inc., 5.20%, 03/15/2044(e)      107,000     114,575
Reliance Standard Life Global Funding II, 2.75%, 01/21/2027(b)       93,000      98,079
      2,037,840
Life Sciences Tools & Services–0.05%
Illumina, Inc., 2.55%, 03/23/2031       65,000      65,675
Managed Health Care–0.28%
Kaiser Foundation Hospitals,                       
Series 2021,
2.81%, 06/01/2041 		     160,000     162,067
3.00%, 06/01/2051      170,000     173,977
      336,044
Multi-line Insurance–0.19%
Allianz SE (Germany), 3.20%(b)(e)(f)      237,000     230,482
Multi-Utilities–0.20%
Ameren Corp., 2.50%, 09/15/2024       55,000      57,508
Dominion Energy, Inc., Series C, 3.38%, 04/01/2030       64,000      69,372
WEC Energy Group, Inc.,                       
1.38%, 10/15/2027       63,000      61,982
1.80%, 10/15/2030       57,000      54,646
      243,508
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
Office REITs–0.44%
Office Properties Income Trust,                       
4.25%, 05/15/2024      $226,000     $240,108
4.50%, 02/01/2025      127,000     136,188
2.65%, 06/15/2026       32,000      32,299
2.40%, 02/01/2027      126,000     124,597
      533,192
Oil & Gas Exploration & Production–0.56%
Canadian Natural Resources Ltd. (Canada), 2.05%, 07/15/2025      116,000     118,833
Cheniere Corpus Christi Holdings LLC, 2.74%, 12/31/2039(b)      134,000     132,858
Lundin Energy Finance B.V. (Netherlands),                       
2.00%, 07/15/2026(b)      216,000     217,406
3.10%, 07/15/2031(b)      216,000     219,199
      688,296
Oil & Gas Storage & Transportation–0.69%
Enbridge, Inc. (Canada),                       
1.60%, 10/04/2026       88,000      88,370
3.40%, 08/01/2051       89,000      89,860
Energy Transfer L.P.,                       
4.25%, 03/15/2023       65,000      67,775
4.00%, 10/01/2027       51,000      56,305
Kinder Morgan, Inc., 7.75%, 01/15/2032      121,000     173,755
MPLX L.P.,                       
1.75%, 03/01/2026       79,000      79,538
4.25%, 12/01/2027       52,000      58,475
ONEOK, Inc., 6.35%, 01/15/2031      112,000     143,539
Williams Cos., Inc. (The), 3.70%, 01/15/2023       85,000      87,812
      845,429
Other Diversified Financial Services–1.72%
Avolon Holdings Funding Ltd. (Ireland),                       
2.13%, 02/21/2026(b)       93,000      92,092
2.75%, 02/21/2028(b)      106,000     105,800
Blackstone Holdings Finance Co. LLC,                       
1.60%, 03/30/2031(b)      116,000     109,710
2.80%, 09/30/2050(b)       54,000      51,939
Blackstone Private Credit Fund,                       
1.75%, 09/15/2024(b)       46,000      45,955
2.63%, 12/15/2026(b)      102,000     101,728
Blackstone Secured Lending Fund,                       
2.75%, 09/16/2026      271,000     276,840
2.13%, 02/15/2027(b)      179,000     177,089
2.85%, 09/30/2028(b)      112,000     111,324
Blue Owl Finance LLC, 3.13%, 06/10/2031(b)      151,000     149,460
Brookfield Finance, Inc. (Canada),                       
2.72%, 04/15/2031      115,000     117,745
3.50%, 03/30/2051      140,000     146,490
LSEGA Financing PLC (United Kingdom),                       
1.38%, 04/06/2026(b)      200,000     199,740
2.00%, 04/06/2028(b)      203,000     203,938
3.20%, 04/06/2041(b)      200,000     206,829
      2,096,679
Packaged Foods & Meats–0.32%
Conagra Brands, Inc., 4.60%, 11/01/2025       80,000      89,946
  Principal
Amount 		Value
Packaged Foods & Meats–(continued)
JDE Peet’s N.V. (Netherlands),                       
1.38%, 01/15/2027(b)      $150,000     $148,067
2.25%, 09/24/2031(b)      155,000     151,683
      389,696
Paper Packaging–0.51%
Berry Global, Inc., 1.65%, 01/15/2027(b)      452,000     446,874
Packaging Corp. of America, 3.65%, 09/15/2024       73,000      78,470
Sealed Air Corp., 1.57%, 10/15/2026(b)       97,000      96,509
      621,853
Pharmaceuticals–0.51%
Bayer US Finance II LLC (Germany), 3.88%, 12/15/2023(b)      313,000     333,130
Mayo Clinic, Series 2021, 3.20%, 11/15/2061      131,000     140,255
Mylan, Inc., 3.13%, 01/15/2023(b)       82,000      84,729
Royalty Pharma PLC, 2.15%, 09/02/2031       66,000      63,632
      621,746
Precious Metals & Minerals–0.07%
Anglo American Capital PLC (South Africa), 3.63%, 09/11/2024(b)       83,000      89,115
Property & Casualty Insurance–0.53%
CNA Financial Corp., 3.45%, 08/15/2027       65,000      71,474
Fidelity National Financial, Inc.,                       
3.40%, 06/15/2030       58,000      62,330
2.45%, 03/15/2031       86,000      85,647
3.20%, 09/17/2051       67,000      64,039
First American Financial Corp., 2.40%, 08/15/2031      130,000     126,765
W.R. Berkley Corp.,                       
3.55%, 03/30/2052      111,000     117,961
3.15%, 09/30/2061      117,000     112,792
      641,008
Railroads–0.05%
Union Pacific Corp., 2.15%, 02/05/2027       63,000      65,419
Real Estate Development–0.08%
Essential Properties L.P., 2.95%, 07/15/2031       98,000      98,632
Regional Banks–2.46%
Citizens Financial Group, Inc.,                       
4.30%, 12/03/2025      254,000     281,804
2.50%, 02/06/2030       60,000      61,008
3.25%, 04/30/2030       36,000      38,586
2.64%, 09/30/2032      397,000     399,171
Fifth Third Bank N.A., 3.85%, 03/15/2026      168,000     185,204
Huntington Bancshares, Inc.,                       
4.00%, 05/15/2025       85,000      93,239
2.49%, 08/15/2036(b)(e)      107,000     105,489
KeyCorp, 2.25%, 04/06/2027       85,000      87,881
M&T Bank Corp., 3.50%(e)(f)      234,000     232,830
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
Regional Banks–(continued)
PNC Financial Services Group, Inc. (The),                       
3.15%, 05/19/2027       $64,000      $70,100
Series T, 3.40%(e)(f)      364,000     364,000
Santander Holdings USA, Inc., 3.50%, 06/07/2024       68,000      72,257
SVB Financial Group,                       
2.10%, 05/15/2028       89,000      89,917
1.80%, 02/02/2031      128,000     122,970
4.10%(e)(f)      172,000     177,642
Series C, 4.00%(e)(f)      348,000     357,135
Zions Bancorporation N.A., 3.25%, 10/29/2029      250,000     260,217
      2,999,450
Reinsurance–0.14%
Berkshire Hathaway Finance Corp., 2.85%, 10/15/2050       80,000      78,947
Global Atlantic Fin Co., 3.13%, 06/15/2031(b)       85,000      85,979
      164,926
Residential REITs–0.28%
American Homes 4 Rent L.P.,                       
2.38%, 07/15/2031       34,000      33,719
3.38%, 07/15/2051       33,000      33,548
Mid-America Apartments L.P., 2.88%, 09/15/2051       35,000      33,905
Spirit Realty L.P., 3.20%, 01/15/2027       55,000      58,699
Sun Communities Operating L.P.,                       
2.30%, 11/01/2028       56,000      56,139
2.70%, 07/15/2031       40,000      40,462
VEREIT Operating Partnership L.P.,                       
2.20%, 06/15/2028       46,000      46,590
2.85%, 12/15/2032       42,000      43,669
      346,731
Retail REITs–1.05%
Agree L.P.,                       
2.00%, 06/15/2028       67,000      66,487
2.60%, 06/15/2033       89,000      88,148
Kimco Realty Corp.,                       
1.90%, 03/01/2028       99,000      99,085
2.70%, 10/01/2030       48,000      49,405
2.25%, 12/01/2031      148,000     144,735
Kite Realty Group L.P., 4.00%, 10/01/2026      150,000     161,758
National Retail Properties, Inc., 3.50%, 04/15/2051      111,000     115,790
Realty Income Corp., 3.25%, 01/15/2031       66,000      71,661
Regency Centers L.P., 2.95%, 09/15/2029       65,000      68,278
Retail Properties of America, Inc., 4.75%, 09/15/2030       57,000      62,756
Scentre Group Trust 2 (Australia), 4.75%, 09/24/2080(b)(e)      166,000     177,745
Simon Property Group L.P., 1.38%, 01/15/2027      170,000     168,305
      1,274,153
  Principal
Amount 		Value
Semiconductors–1.34%
Broadcom, Inc.,                       
4.15%, 11/15/2030       $97,000     $107,535
2.45%, 02/15/2031(b)       79,000      76,565
3.42%, 04/15/2033(b)      230,000     238,279
3.47%, 04/15/2034(b)      235,000     242,208
3.14%, 11/15/2035(b)      379,000     378,449
3.19%, 11/15/2036(b)        5,000       4,993
Marvell Technology, Inc., 2.95%, 04/15/2031(b)      206,000     211,908
NXP B.V./NXP Funding LLC/NXP USA, Inc. (China), 3.88%, 06/18/2026(b)       73,000      80,463
QUALCOMM, Inc.,                       
2.15%, 05/20/2030       99,000     100,568
3.25%, 05/20/2050       97,000     104,020
Skyworks Solutions, Inc.,                       
1.80%, 06/01/2026       29,000      29,402
3.00%, 06/01/2031       60,000      61,412
      1,635,802
Specialized REITs–0.77%
American Tower Corp.,                       
3.00%, 06/15/2023       70,000      72,906
4.00%, 06/01/2025       46,000      50,222
2.70%, 04/15/2031      203,000     207,706
2.95%, 01/15/2051      113,000     106,800
Crown Castle International Corp., 2.50%, 07/15/2031      188,000     187,993
Extra Space Storage L.P., 2.35%, 03/15/2032      166,000     162,348
Life Storage L.P., 2.40%, 10/15/2031      154,000     152,634
      940,609
Systems Software–0.07%
VMware, Inc., 2.20%, 08/15/2031       93,000      90,997
Technology Hardware, Storage & Peripherals–0.50%
Apple, Inc.,                       
4.38%, 05/13/2045       50,000      63,078
2.55%, 08/20/2060      287,000     262,098
2.80%, 02/08/2061      292,000     279,345
      604,521
Thrifts & Mortgage Finance–0.14%
Nationwide Building Society (United Kingdom), 3.96%, 07/18/2030(b)(e)      150,000     166,826
Tobacco–0.57%
Altria Group, Inc.,                       
2.45%, 02/04/2032      118,000     113,151
3.70%, 02/04/2051      140,000     132,070
4.00%, 02/04/2061      140,000     134,364
Imperial Brands Finance PLC (United Kingdom), 3.75%, 07/21/2022(b)      308,000     314,083
      693,668
Trucking–0.51%
Penske Truck Leasing Co. L.P./PTL Finance Corp.,                       
4.00%, 07/15/2025(b)       66,000      72,169
3.40%, 11/15/2026(b)       80,000      86,939
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
Trucking–(continued)
Triton Container International Ltd. (Bermuda),                       
2.05%, 04/15/2026(b)      $205,000     $205,788
3.15%, 06/15/2031(b)      256,000     258,716
      623,612
Wireless Telecommunication Services–0.19%
T-Mobile USA, Inc., 3.40%, 10/15/2052(b)      242,000     236,501
Total U.S. Dollar Denominated Bonds & Notes (Cost $50,493,229) 51,606,710
Asset-Backed Securities–22.85%
American Credit Acceptance Receivables Trust,                       
Series 2017-4, Class D, 3.57%, 01/10/2024(b)       55,151      55,201
Series 2018-3, Class D, 4.14%, 10/15/2024(b)       12,872      12,976
Series 2019-3, Class C, 2.76%, 09/12/2025(b)      107,321     108,110
AmeriCredit Automobile Receivables Trust,                       
Series 2017-2, Class D, 3.42%, 04/18/2023      300,000     301,960
Series 2017-4, Class D, 3.08%, 12/18/2023      190,000     193,204
Series 2018-3, Class C, 3.74%, 10/18/2024      260,000     267,403
Series 2019-2, Class C, 2.74%, 04/18/2025      100,000     102,769
Series 2019-2, Class D, 2.99%, 06/18/2025      280,000     290,086
Series 2019-3, Class D, 2.58%, 09/18/2025      135,000     138,778
AMSR Trust, Series 2021-SFR3, Class B, 1.73%, 10/17/2038(b)      280,000     278,280
Angel Oak Mortgage Trust,                       
Series 2020-1, Class A1, 2.16%, 12/25/2059(b)(h)       76,136      76,582
Series 2020-3, Class A1, 1.69%, 04/25/2065(b)(h)      224,183     225,983
Series 2021-3, Class A1, 1.07%, 05/25/2066(b)(h)      110,934     111,029
Bain Capital Credit CLO Ltd., Series 2017-2A, Class AR2, 1.32% (3 mo. USD LIBOR + 1.18%), 07/25/2034(b)(c)      481,000     482,121
Banc of America Funding Trust,                       
Series 2007-1, Class 1A3, 6.00%, 01/25/2037       41,263      40,492
Series 2007-C, Class 1A4, 3.05%, 05/20/2036(h)       15,051      15,233
Banc of America Mortgage Trust, Series 2007-1, Class 1A24, 6.00%, 03/25/2037       26,566      25,428
Bank, Series 2019-BNK16, Class XA, IO, 1.12%, 02/15/2052(i)    1,561,198      90,128
Bayview MSR Opportunity Master Fund Trust,                       
Series 2021-4, Class A3, 3.00%, 10/25/2051(b)(h)      268,000     279,440
Series 2021-4, Class A4, 2.50%, 10/25/2051(b)(h)      269,000     273,768
Series 2021-4, Class A8, 2.50%, 10/25/2051(b)(h)      269,000     275,987
  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(c)       $35,209      $36,229
Series 2006-1, Class A1, 0.65% (1 yr. U.S. Treasury Yield Curve Rate + 2.25%), 02/25/2036(c)       37,491      38,333
Benchmark Mortgage Trust, Series 2018-B1, Class XA, IO, 0.65%, 01/15/2051(i)    1,760,384      46,220
BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1, 0.97%, 03/25/2060(b)(h)      180,218     180,561
BX Commercial Mortgage Trust,                       
Series 2021-VOLT, Class A, 0.80% (1 mo. USD LIBOR + 0.70%), 09/15/2036(b)(c)      250,000     250,490
Series 2021-VOLT, Class B, 1.05% (1 mo. USD LIBOR + 0.95%), 09/15/2036(b)(c)      225,000     225,474
Capital Lease Funding Securitization L.P., Series 1997-CTL1, Class IO, 1.51%, 06/22/2024(b)(i)       28,519         146
CarMax Auto Owner Trust, Series 2017-4, Class D, 3.30%, 05/15/2024      100,000     100,396
CCG Receivables Trust,                       
Series 2018-2, Class C, 3.87%, 12/15/2025(b)       60,000      60,683
Series 2019-2, Class B, 2.55%, 03/15/2027(b)      105,000     107,550
Series 2019-2, Class C, 2.89%, 03/15/2027(b)      100,000     102,201
CD Mortgage Trust, Series 2017-CD6, Class XA, IO, 1.06%, 11/13/2050(i)      706,331      27,316
Chase Home Lending Mortgage Trust, Series 2019-ATR1, Class A15, 4.00%, 04/25/2049(b)(h)       12,274      12,438
Chase Mortgage Finance Trust, Series 2005-A2, Class 1A3, 3.04%, 01/25/2036(h)       39,834      38,535
Citigroup Commercial Mortgage Trust,                       
Series 2013-GC17, Class XA, IO, 1.17%, 11/10/2046(i)      369,121       6,467
Series 2014-GC21, Class AA, 3.48%, 05/10/2047       48,239      50,045
Series 2017-C4, Class XA, IO, 1.23%, 10/12/2050(i)    1,959,672      90,944
Citigroup Mortgage Loan Trust, Series 2006-AR1, Class 1A1, 2.48% (1 yr. U.S. Treasury Yield Curve Rate + 2.40%), 10/25/2035(c)      101,834     107,145
Citigroup Mortgage Loan Trust, Inc., Series 2021-INV3, Class A3A, 2.50%, 05/25/2051(b)(h)      275,000     278,223
CNH Equipment Trust,                       
Series 2017-C, Class B, 2.54%, 05/15/2025       65,000      65,303
Series 2019-A, Class A4, 3.22%, 01/15/2026      125,000     129,600
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
COLT Mortgage Loan Trust,                       
Series 2020-1, Class A1, 2.49%, 02/25/2050(b)(h)      $108,577     $108,742
Series 2020-2, Class A1, 1.85%, 03/25/2065(b)(h)       96,470      97,025
COMM Mortgage Trust,                       
Series 2012-CR5, Class XA, IO, 1.65%, 12/10/2045(i)    1,829,523      25,285
Series 2013-CR6, Class AM, 3.15%, 03/10/2046(b)      245,000     250,875
Series 2014-CR20, Class ASB, 3.31%, 11/10/2047       40,760      42,322
Series 2014-CR21, Class AM, 3.99%, 12/10/2047      715,000     765,214
Series 2014-LC15, Class AM, 4.20%, 04/10/2047      170,000     181,695
Series 2014-UBS6, Class AM, 4.05%, 12/10/2047      475,000     509,125
Countrywide Home Loans Mortgage Pass-Through Trust,                       
Series 2005-17, Class 1A8, 5.50%, 09/25/2035        3,803       3,835
Series 2005-26, Class 1A8, 5.50%, 11/25/2035       36,903      30,120
Series 2005-JA, Class A7, 5.50%, 11/25/2035        4,257       4,210
Credit Suisse Mortgage Capital Trust,                       
Series 2021-NQM1, Class A1, 0.81%, 05/25/2065(b)(h)       88,587      88,548
Series 2021-NQM2, Class A1, 1.18%, 02/25/2066(b)(h)       99,714      99,888
CSAIL Commercial Mortgage Trust, Series 2020-C19, Class A3, 2.56%, 03/15/2053      637,000     656,317
CSMC Mortgage-Backed Trust, Series 2006-6, Class 1A4, 6.00%, 07/25/2036      111,254      83,026
Dell Equipment Finance Trust,                       
Series 2019-1, Class C, 3.14%, 03/22/2024(b)      325,000     327,282
Series 2019-2, Class D, 2.48%, 04/22/2025(b)      115,000     116,177
Drive Auto Receivables Trust,                       
Series 2017-1, Class D, 3.84%, 03/15/2023        4,829       4,836
Series 2018-1, Class D, 3.81%, 05/15/2024       45,914      46,288
Series 2018-2, Class D, 4.14%, 08/15/2024      105,392     107,046
Series 2018-3, Class D, 4.30%, 09/16/2024      125,302     127,586
Series 2018-5, Class C, 3.99%, 01/15/2025       80,491      81,151
Series 2019-1, Class C, 3.78%, 04/15/2025      109,133     109,751
DT Auto Owner Trust, Series 2018-3A, Class C, 3.79%, 07/15/2024(b)        2,348       2,351
Ellington Financial Mortgage Trust,                       
Series 2020-1, Class A1, 2.01%, 05/25/2065(b)(h)       49,595      49,983
Series 2021-1, Class A1, 0.80%, 02/25/2066(b)(h)       71,322      71,285
  Principal
Amount 		Value
Exeter Automobile Receivables Trust,                       
Series 2019-2A, Class C, 3.30%, 03/15/2024(b)      $180,857     $182,235
Series 2019-4A, Class D, 2.58%, 09/15/2025(b)      240,000     246,084
Extended Stay America Trust, Series 2021-ESH, Class B, 1.46% (1 mo. USD LIBOR + 1.38%), 07/15/2038(b)(c)      114,405     115,117
First Horizon Alternative Mortgage Securities Trust, Series 2005-FA8, Class 1A6, 0.74% (1 mo. USD LIBOR + 0.65%), 11/25/2035(c)       68,733      30,786
Flagstar Mortgage Trust, Series 2021-8INV, Class A6, 2.50%, 09/25/2051(b)(h)       99,062     101,516
Ford Credit Floorplan Master Owner Trust, Series 2019-3, Class A2, 0.68% (1 mo. USD LIBOR + 0.60%), 09/15/2024(c)      560,000     562,910
FREMF Mortgage Trust,                       
Series 2013-K25, Class C, 3.74%, 11/25/2045(b)(h)       90,000      92,442
Series 2013-K26, Class C, 3.72%, 12/25/2045(b)(h)       60,000      61,781
Series 2013-K27, Class C, 3.62%, 01/25/2046(b)(h)       95,000      97,863
Series 2013-K28, Class C, 3.61%, 06/25/2046(b)(h)      285,000     295,116
Goldentree Loan Management US CLO 5 Ltd., Series 2019-5A, Class AR, 1.20% (3 mo. USD LIBOR + 1.07%), 10/20/2032(b)(c)      260,000     260,130
GS Mortgage Securities Trust,                       
Series 2013-GC16, Class AS, 4.65%, 11/10/2046       45,000      48,045
Series 2013-GCJ12, Class AAB, 2.68%, 06/10/2046        9,679       9,789
Series 2014-GC18, Class AAB, 3.65%, 01/10/2047       39,103      40,368
Series 2020-GC47, Class A5, 2.38%, 05/12/2053      245,000     251,182
GS Mortgage-Backed Securities Trust, Series 2021-INV, Class A6, 2.50%, 12/25/2051(b)(h)      232,250     237,701
GSR Mortgage Loan Trust, Series 2005-AR, Class 6A1, 3.07%, 07/25/2035(h)       16,261      16,938
Hertz Vehicle Financing III L.P.,                       
Series 2021-2A, Class A, 1.68%, 12/27/2027(b)      113,000     113,404
Series 2021-2A, Class B, 2.12%, 12/27/2027(b)      103,000     103,888
Hertz Vehicle Financing LLC, Series 2021-1A, Class A, 1.21%, 12/26/2025(b)      104,000     104,485
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
JP Morgan Chase Commercial Mortgage Securities Trust,                       
Series 2013-C10, Class AS, 3.37%, 12/15/2047      $315,000     $324,912
Series 2013-C16, Class AS, 4.52%, 12/15/2046      300,000     319,747
Series 2013-LC11, Class AS, 3.22%, 04/15/2046       40,000      41,255
Series 2014-C20, Class AS, 4.04%, 07/15/2047      220,000     234,628
Series 2016-JP3, Class A2, 2.43%, 08/15/2049      111,710     112,129
JP Morgan Mortgage Trust, Series 2007-A1, Class 5A1, 2.50%, 07/25/2035(h)       24,009      24,690
JPMBB Commercial Mortgage Securities Trust,                       
Series 2014-C24, Class B, 4.12%, 11/15/2047(h)      245,000     255,423
Series 2014-C25, Class AS, 4.07%, 11/15/2047      200,000     212,817
Series 2015-C27, Class XA, IO, 1.29%, 02/15/2048(i)    1,966,804      64,417
LB Commercial Conduit Mortgage Trust, Series 1998-C1, Class IO, 1.09%, 02/18/2030(i)       28,787           1
Lehman Structured Securities Corp., Series 2002-GE1, Class A, 0.00%, 07/26/2024(b)(h)       13,314       5,819
Life Mortgage Trust,                       
Series 2021-BMR, Class A, 0.78% (1 mo. USD LIBOR + 0.70%), 03/15/2038(b)(c)      155,000     155,329
Series 2021-BMR, Class B, 0.96% (1 mo. USD LIBOR + 0.88%), 03/15/2038(b)(c)      240,000     240,562
Series 2021-BMR, Class C, 1.18% (1 mo. USD LIBOR + 1.10%), 03/15/2038(b)(c)      110,000     110,304
Madison Park Funding XLVIII Ltd., Series 2021-48A, Class A, 1.28% (3 mo. USD LIBOR + 1.15%), 04/19/2033(b)(c)      742,000     742,164
MASTR Asset Backed Securities Trust, Series 2006-WMC3, Class A3, 0.19% (1 mo. USD LIBOR + 0.10%), 08/25/2036(c)       38,773      17,699
Mello Mortgage Capital Acceptance Trust,                       
Series 2021-INV2, Class A4, 2.50%, 08/25/2051(b)(h)      179,899     184,476
Series 2021-INV3, Class A4, 2.50%, 10/25/2051(b)(h)      170,000     173,991
MHP Commercial Mortgage Trust,                       
Series 2021-STOR, Class A, 0.78% (1 mo. USD LIBOR + 0.70%), 07/15/2038(b)(c)      125,000     125,164
Series 2021-STOR, Class B, 0.98% (1 mo. USD LIBOR + 0.90%), 07/15/2038(b)(c)      105,000     105,193
Morgan Stanley Bank of America Merrill Lynch Trust,                       
Series 2013-C9, Class AS, 3.46%, 05/15/2046      225,000     232,521
Series 2014-C19, Class AS, 3.83%, 12/15/2047      595,000     636,481
  Principal
Amount 		Value
Morgan Stanley Capital I Trust, Series 2017-HR2, Class XA, IO, 0.92%, 12/15/2050(i)      $672,643      $26,819
Morgan Stanley Re-REMIC Trust, Series 2012-R3, Class 1B, 6.00%, 11/26/2036(b)(h)      260,854     253,754
Mortgage-Linked Amortizing Notes, Series 2012-1, Class A10, 2.06%, 01/15/2022      121,983     122,567
Motel Trust, Series 2021-MTL6, Class A, 1.00% (1 mo. USD LIBOR + 0.90%), 09/15/2038(b)(c)      100,000     100,296
Neuberger Berman Loan Advisers CLO 24 Ltd., Series 2017-24A, Class AR, 1.15% (3 mo. USD LIBOR + 1.02%), 04/19/2030(b)(c)      293,000     293,075
Neuberger Berman Loan Advisers CLO 40 Ltd., Series 2021-40A, Class A, 1.19% (3 mo. USD LIBOR + 1.06%), 04/16/2033(b)(c)      250,000     250,562
Oceanview Mortgage Trust, Series 2021-3, Class A5, 2.50%, 07/25/2051(b)(h)      217,204     223,388
OCP CLO Ltd. (Cayman Islands),                       
Series 2017-13A, Class A1AR, 1.08% (3 mo. USD LIBOR + 0.96%), 07/15/2030(b)(c)      250,000     249,982
Series 2020-8RA, Class A1, 1.35% (3 mo. USD LIBOR + 1.22%), 01/17/2032(b)(c)      433,000     433,433
Octagon Investment Partners 31 LLC, Series 2017-1A, Class AR, 1.18% (3 mo. USD LIBOR + 1.05%), 07/20/2030(b)(c)      500,000     500,406
Octagon Investment Partners 49 Ltd., Series 2020-5A, Class A1, 1.35% (3 mo. USD LIBOR + 1.22%), 01/15/2033(b)(c)      400,000     400,384
OHA Loan Funding Ltd., Series 2016-1A, Class AR, 1.39% (3 mo. USD LIBOR + 1.26%), 01/20/2033(b)(c)      287,936     288,458
Prestige Auto Receivables Trust, Series 2019-1A, Class C, 2.70%, 10/15/2024(b)      115,000     116,622
Progress Residential Trust, Series 2020-SFR1, Class A, 1.73%, 04/17/2037(b)      395,000     398,500
Residential Accredit Loans, Inc. Trust,                       
Series 2006-QS13, Class 1A8, 6.00%, 09/25/2036          364         349
Series 2007-QS6, Class A28, 5.75%, 04/25/2037        4,427       4,267
Residential Mortgage Loan Trust, Series 2020-1, Class A1, 2.38%, 02/25/2024(b)(h)       75,360      75,984
Santander Drive Auto Receivables Trust,                       
Series 2017-3, Class D, 3.20%, 11/15/2023      122,373     122,985
Series 2018-1, Class D, 3.32%, 03/15/2024       61,588      62,112
Series 2018-2, Class D, 3.88%, 02/15/2024      134,875     136,644
Series 2019-2, Class D, 3.22%, 07/15/2025      195,000     200,386
Series 2019-3, Class D, 2.68%, 10/15/2025      165,000     168,508
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-A, Class C, 3.30%, 05/22/2023(b)      $315,000     $317,728
Series 2019-B, Class C, 2.77%, 08/21/2023(b)      115,000     116,732
Series 2019-C, Class C, 2.39%, 11/20/2023(b)      210,000     213,493
Sonic Capital LLC,                       
Series 2021-1A, Class A2I, 2.19%, 08/20/2051(b)      120,000     120,634
Series 2021-1A, Class A2II, 2.64%, 08/20/2051(b)      120,000     120,674
Star Trust, Series 2021-SFR1, Class A, 0.69% (1 mo. USD LIBOR + 0.60%), 04/17/2038(b)(c)      792,432     792,727
Starwood Mortgage Residential Trust,                       
Series 2020-1, Class A1, 2.28%, 02/25/2050(b)(h)       82,607      83,422
Series 2021-1, Class A1, 1.22%, 05/25/2065(b)(h)      253,117     253,839
Symphony CLO XXII Ltd., Series 2020-22A, Class A1A, 1.42% (3 mo. USD LIBOR + 1.29%), 04/18/2033(b)(c)      250,000     250,909
Textainer Marine Containers VII Ltd., Series 2021-2A, Class A, 2.23%, 04/20/2046(b)      328,667     332,921
TICP CLO XV Ltd., Series 2020-15A, Class A, 1.41% (3 mo. USD LIBOR + 1.28%), 04/20/2033(b)(c)      271,000     271,666
Tricon American Homes Trust, Series 2020-SFR2, Class A, 1.48%, 11/17/2039(b)      308,658     303,702
UBS Commercial Mortgage Trust, Series 2017-C5, Class XA, IO, 1.13%, 11/15/2050(i)    1,220,827      52,624
Verus Securitization Trust,                       
Series 2020-1, Class A1, 2.42%, 01/25/2060(b)(j)      167,430     169,653
Series 2020-1, Class A2, 2.64%, 01/25/2060(b)(j)       99,729     101,090
Series 2020-INV1, Class A1, 0.33%, 03/25/2060(b)(h)       55,841      56,298
Series 2021-1, Class A1B, 1.32%, 01/25/2066(b)(h)      110,945     111,039
Series 2021-R1, Class A1, 0.82%, 10/25/2063(b)(h)      215,477     215,510
Visio Trust, Series 2020-1R, Class A1, 1.31%, 11/25/2055(b)      136,388     136,922
WaMu Mortgage Pass-Through Ctfs. Trust,                       
Series 2003-AR10, Class A7, 2.50%, 10/25/2033(h)       26,701      27,124
Series 2005-AR14, Class 1A4, 2.87%, 12/25/2035(h)       63,820      65,161
Series 2005-AR16, Class 1A1, 2.72%, 12/25/2035(h)       29,255      29,955
Wells Fargo Commercial Mortgage Trust,                       
Series 2015-NXS1, Class ASB, 2.93%, 05/15/2048      192,967     198,167
Series 2017-C42, Class XA, IO, 1.02%, 12/15/2050(i)      882,993      42,285
Westlake Automobile Receivables Trust, Series 2019-3A, Class C, 2.49%, 10/15/2024(b)      260,000     263,198
  Principal
Amount 		Value
WFRBS Commercial Mortgage Trust,                       
Series 2013-C14, Class AS, 3.49%, 06/15/2046      $150,000     $155,302
Series 2014-C20, Class AS, 4.18%, 05/15/2047      130,000     138,311
Series 2014-LC14, Class AS, 4.35%, 03/15/2047(h)      145,000     154,601
World Financial Network Credit Card Master Trust,                       
Series 2018-C, Class A, 3.55%, 08/15/2025      470,000     470,653
Series 2019-A, Class A, 3.14%, 12/15/2025       75,000      75,829
Series 2019-B, Class A, 2.49%, 04/15/2026      270,000     274,440
Series 2019-C, Class A, 2.21%, 07/15/2026      235,000     239,460
Zaxby’s Funding LLC, Series 2021-1A, Class A2, 3.24%, 07/30/2051(b)      355,000     362,675
Total Asset-Backed Securities (Cost $28,205,727) 27,828,947
U.S. Government Sponsored Agency Mortgage-Backed Securities–18.94%
Collateralized Mortgage Obligations–1.40%
Fannie Mae Interest STRIPS,                       
IO,
7.50%, 05/25/2023 to 11/25/2029(k) 		      44,465       4,788
7.00%, 06/25/2023 to 04/25/2032(k)      109,847      18,061
6.50%, 04/25/2029 to 02/25/2033(i)(k)      276,625      48,263
6.00%, 02/25/2033 to 03/25/2036(i)(k)      224,007      40,237
5.50%, 09/25/2033 to 06/25/2035(i)(k)      330,307      55,721
Fannie Mae REMICs,                       
IO,
5.50%, 04/25/2023 to 07/25/2046(k) 		     116,828      57,147
6.61% (6.70% - (1.00 x 1 mo. USD LIBOR)), 02/25/2024 to 05/25/2035(c)(k)      109,899      19,257
3.00%, 11/25/2027(k)       76,848       4,297
7.01% (7.10% - (1.00 x 1 mo. USD LIBOR)), 11/25/2030(c)(k)       43,658       7,217
7.81% (7.90% - (1.00 x 1 mo. USD LIBOR)), 11/18/2031 to 12/18/2031(c)(k)       61,467      11,625
7.16% (7.25% - (1.00 x 1 mo. USD LIBOR)), 01/25/2032(c)(k)        3,108         602
7.86% (7.95% - (1.00 x 1 mo. USD LIBOR)), 01/25/2032(c)(k)       14,806       2,799
7.91% (8.00% - (1.00 x 1 mo. USD LIBOR)), 03/18/2032 to 12/18/2032(c)(k)        5,793       1,190
8.01% (8.10% - (1.00 x 1 mo. USD LIBOR)), 03/25/2032 to 04/25/2032(c)(k)        4,702       1,023
6.91% (7.00% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032 to 09/25/2032(c)(k)       14,448       2,455
7.71% (7.80% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032(c)(k)          516         110
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
7.91% (8.00% - (1.00 x 1 mo. USD LIBOR)), 04/25/2032 to 12/25/2032(c)(k)      $230,465      $50,186
8.01% (8.10% - (1.00 x 1 mo. USD LIBOR)), 12/18/2032(c)(k)       23,048       3,874
8.16% (8.25% - (1.00 x 1 mo. USD LIBOR)), 02/25/2033 to 05/25/2033(c)(k)       88,127      20,143
7.00%, 04/25/2033(k)        2,656         495
5.96% (6.05% - (1.00 x 1 mo. USD LIBOR)), 03/25/2035 to 07/25/2038(c)(k)       42,490       6,615
6.66% (6.75% - (1.00 x 1 mo. USD LIBOR)), 03/25/2035 to 05/25/2035(c)(k)       16,196       2,440
6.51% (6.60% - (1.00 x 1 mo. USD LIBOR)), 05/25/2035(c)(k)       29,641       4,407
3.50%, 08/25/2035(k)      254,639      31,865
6.01% (6.10% - (1.00 x 1 mo. USD LIBOR)), 10/25/2035(c)(k)       87,626      15,598
6.46% (6.55% - (1.00 x 1 mo. USD LIBOR)), 10/25/2041(c)(k)       28,713       5,455
6.06% (6.15% - (1.00 x 1 mo. USD LIBOR)), 12/25/2042(c)(k)       62,998      12,987
5.00% (5.90% - (1.00 x 1 mo. USD LIBOR)), 09/25/2047(c)(k)      443,489      79,217
6.50%, 06/25/2023 to 10/25/2031       93,574     103,865
4.00%, 08/25/2026 to 08/25/2047(k)      114,047      10,719
6.00%, 11/25/2028 to 12/25/2031       74,084      84,144
0.34% (1 mo. USD LIBOR + 0.25%), 08/25/2035(c)          804         806
24.25% (24.57% - (3.67 x 1 mo. USD LIBOR)), 03/25/2036(c)       37,440      60,365
23.88% (24.20% - (3.67 x 1 mo. USD LIBOR)), 06/25/2036(c)       49,162      77,521
1.03% (1 mo. USD LIBOR + 0.94%), 06/25/2037(c)       14,916      15,027
1.50%, 01/25/2040        4,485       4,484
PO,
0.00%, 09/25/2023(l) 		       9,080       8,984
Freddie Mac Multifamily Structured Pass-Through Ctfs.,                       
Series KC02, Class X1, IO,
1.91%, 03/25/2024(i) 		   4,534,118      36,327
Series KC03, Class X1, IO,
0.63%, 11/25/2024(i) 		   2,751,124      35,927
Series K734, Class X1, IO,
0.79%, 02/25/2026(i) 		   2,036,495      51,726
Series K735, Class X1, IO,
1.10%, 05/25/2026(i) 		   2,043,634      80,932
Series K093, Class X1, IO,
1.09%, 05/25/2029(i) 		   1,687,835     108,391
  Principal
Amount 		Value
Collateralized Mortgage Obligations–(continued)
Freddie Mac REMICs,                       
1.50%, 07/15/2023        $9,342       $9,393
6.75%, 02/15/2024        2,016       2,115
6.50%, 02/15/2028 to 06/15/2032      301,063     339,553
8.00%, 03/15/2030          563         668
1.08% (1 mo. USD LIBOR + 1.00%), 02/15/2032(c)          618         632
3.50%, 05/15/2032       11,011      11,745
24.44% (24.75% - (3.67 x 1 mo. USD LIBOR)), 08/15/2035(c)        6,029       9,852
0.48% (1 mo. USD LIBOR + 0.40%), 09/15/2035(c)        1,029       1,039
4.00%, 04/15/2040 to 03/15/2045(k)       51,992       3,077
IO,
7.57% (7.65% - (1.00 x 1 mo. USD LIBOR)), 07/15/2026 to 03/15/2029(c)(k) 		      72,652       7,904
3.00%, 06/15/2027 to 05/15/2040(k)      267,336      16,150
2.50%, 05/15/2028(k)       52,463       2,767
8.62% (8.70% - (1.00 x 1 mo. USD LIBOR)), 07/17/2028(c)(k)          611          46
8.02% (8.10% - (1.00 x 1 mo. USD LIBOR)), 06/15/2029(c)(k)          966         161
6.62% (6.70% - (1.00 x 1 mo. USD LIBOR)), 01/15/2035(c)(k)      223,862      34,520
6.67% (6.75% - (1.00 x 1 mo. USD LIBOR)), 02/15/2035(c)(k)       27,629       4,071
6.64% (6.72% - (1.00 x 1 mo. USD LIBOR)), 05/15/2035(c)(k)       28,764       4,106
6.07% (6.15% - (1.00 x 1 mo. USD LIBOR)), 07/15/2035(c)(k)        8,915       1,084
6.92% (7.00% - (1.00 x 1 mo. USD LIBOR)), 12/15/2037(c)(k)        5,452       1,151
5.92% (6.00% - (1.00 x 1 mo. USD LIBOR)), 04/15/2038(c)(k)        4,407         695
5.99% (6.07% - (1.00 x 1 mo. USD LIBOR)), 05/15/2038(c)(k)      162,104      28,103
6.17% (6.25% - (1.00 x 1 mo. USD LIBOR)), 12/15/2039(c)(k)       38,132       6,384
6.02% (6.10% - (1.00 x 1 mo. USD LIBOR)), 01/15/2044(c)(k)       59,706       8,669
Freddie Mac STRIPS,                       
PO,
0.00%, 06/01/2026(l) 		       9,358       9,083
IO,
3.00%, 12/15/2027(k) 		     112,564       6,814
3.27%, 12/15/2027(i)       29,242       1,530
7.00%, 09/01/2029(k)        2,154         359
7.50%, 12/15/2029(k)       41,519       7,414
6.00%, 12/15/2032(k)       25,422       3,837
      1,710,214
See accompanying notes which are an integral part of this schedule.
Invesco V.I. Core Bond Fund
  Principal
Amount 		Value
Federal Home Loan Mortgage Corp. (FHLMC)–0.27%
9.00%, 08/01/2022 to 05/01/2025        $1,313       $1,411
6.00%, 10/01/2022 to 10/01/2029       81,782      92,468
6.50%, 07/01/2028 to 04/01/2034       55,320      62,493
7.00%, 10/01/2031 to 10/01/2037       46,684      51,997
5.00%, 12/01/2034        1,932       2,148
5.50%, 09/01/2039       97,364     113,431
      323,948
Federal National Mortgage Association (FNMA)–2.36%
5.00%, 02/01/2022 to 07/01/2022           62          65
7.00%, 01/01/2030 to 12/01/2032        7,584       8,724
8.50%, 07/01/2032        1,429       1,434
7.50%, 01/01/2033        1,561       1,787
6.50%, 01/01/2034        3,309       3,733
5.50%, 02/01/2035 to 05/01/2036       54,352      62,924
TBA,
2.00%, 10/01/2036(m) 		   2,720,000   2,801,494
      2,880,161
Government National Mortgage Association (GNMA)–3.69%
7.00%, 12/15/2023 to 03/15/2026        1,222       1,292
IO,
7.42% (7.50% - (1.00 x 1 mo. USD LIBOR)), 02/16/2032(c)(k) 		      32,125         106
6.47% (6.55% - (1.00 x 1 mo. USD LIBOR)), 04/16/2037(c)(k)       32,117       5,873
6.57% (6.65% - (1.00 x 1 mo. USD LIBOR)), 04/16/2041(c)(k)      208,757      31,833
4.50%, 09/16/2047(k)      150,570      22,377
6.12% (6.20% - (1.00 x 1 mo. USD LIBOR)), 10/16/2047(c)(k)      154,074      28,259
TBA,
2.50%, 10/01/2051(m) 		   4,265,000   4,403,113
      4,492,853
Uniform Mortgage-Backed Securities–11.22%
TBA,
2.00%, 10/01/2051(m) 		  13,630,000  13,667,802
Total U.S. Government Sponsored Agency Mortgage-Backed Securities (Cost $24,117,501) 23,074,978
U.S. Treasury Securities–13.16%
U.S. Treasury Bonds–3.01%
1.75%, 08/15/2041    1,078,100   1,030,933
2.38%, 05/15/2051    2,473,300   2,640,248
      3,671,181
  Principal
Amount 		Value
U.S. Treasury Notes–10.15%
0.13%, 08/31/2023    $1,806,000   $1,801,344
0.38%, 09/15/2024    2,079,000   2,070,229
0.75%, 08/31/2026    5,764,200   5,703,406
0.88%, 09/30/2026      293,000     291,443
1.13%, 08/31/2028      349,200     345,135
1.25%, 08/15/2031    2,204,100   2,150,892
      12,362,449
Total U.S. Treasury Securities (Cost $16,196,400) 16,033,630
  Shares  
Preferred Stocks–0.78%
Asset Management & Custody Banks–0.10%
Bank of New York Mellon Corp. (The), 4.70%, Series G, Pfd.(e)    106,000     116,600
Diversified Banks–0.43%
Citigroup, Inc., 5.00%, Series U, Pfd.(e)    249,000     260,697
JPMorgan Chase & Co., 3.60%, Series I, Pfd.(c)    264,000     265,446
      526,143
Investment Banking & Brokerage–0.15%
Charles Schwab Corp. (The), 4.00%, Series H, Pfd.(e)    177,000     182,797
Other Diversified Financial Services–0.10%
Equitable Holdings, Inc., 4.95%, Series B, Pfd.(e)    113,000     122,888
Total Preferred Stocks (Cost $908,032) 948,428
  Principal
Amount 		 
Municipal Obligations–0.45%
California State University,                       
Series 2021 B, Ref. RB, 2.72%, 11/01/2052      $110,000     107,333
Series 2021 B, Ref. RB, 2.94%, 11/01/2052      170,000     166,583
Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2020 C, Ref. RB, 3.03%, 08/15/2041      280,000     280,637
Total Municipal Obligations (Cost $560,000) 554,553
Agency Credit Risk Transfer Notes–0.40%
Fannie Mae Connecticut Avenue Securities,                       
Series 2014-C04, Class 2M2, 5.09% (1 mo. USD LIBOR + 5.00%), 11/25/2024(c)       70,175      71,642
Series 2016-C02, Class 1M2, 6.09% (1 mo. USD LIBOR + 6.00%), 09/25/2028(c)      140,705     147,285
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®, 4.09% (1 mo. USD LIBOR + 4.00%), 08/25/2024(c)       $58,313      $59,791
Series 2018-HQA1, Class M2, STACR®, 2.39% (1 mo. USD LIBOR + 2.30%), 09/25/2030(c)       84,677      85,843
Series 2018-DNA2, Class M1, STACR®, 0.89% (1 mo. USD LIBOR + 0.80%), 12/25/2030(b)(c)       42,214      42,262
Series 2018-DNA3, Class M1, STACR®, 0.84% (1 mo. USD LIBOR + 0.75%), 09/25/2048(b)(c)          165         165
Series 2018-HQA2, Class M1, STACR®, 0.84% (1 mo. USD LIBOR + 0.75%), 10/25/2048(b)(c)       27,110      27,131
Series 2019-HRP1, Class M2, STACR®, 1.49% (1 mo. USD LIBOR + 1.40%), 02/25/2049(b)(c)       59,848      60,258
Total Agency Credit Risk Transfer Notes (Cost $504,511) 494,377
  Shares  
Money Market Funds–17.74%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%(n)(o)  7,548,552   7,548,552
  Shares Value
Invesco Liquid Assets Portfolio, Institutional Class, 0.01%(n)(o)  5,428,968   $5,431,140
Invesco Treasury Portfolio, Institutional Class, 0.01%(n)(o)  8,626,917   8,626,917
Total Money Market Funds (Cost $21,606,592) 21,606,609
TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-116.69% (Cost $142,591,992)     142,148,232
Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds–0.54%
Invesco Private Government Fund, 0.02%(n)(o)(p)    182,983     182,983
Invesco Private Prime Fund, 0.11%(n)(o)(p)    471,199     471,387
Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $654,370) 654,370
TOTAL INVESTMENTS IN SECURITIES–117.23% (Cost $143,246,362) 142,802,602
OTHER ASSETS LESS LIABILITIES—(17.23)% (20,993,363)
NET ASSETS–100.00% $121,809,239
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 September 30, 2021 was $33,634,864, which represented 27.61% of the Fund’s Net Assets.
(c) Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on September 30, 2021.
(d) All or a portion of this security was out on loan at September 30, 2021.
(e) Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.
(f) Perpetual bond with no specified maturity date.
(g) Security valued using significant unobservable inputs (Level 3). See Note 1.
(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 September 30, 2021.
(i) 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 September 30, 2021.
(j) Step coupon bond. The interest rate represents the coupon rate at which the bond will accrue at a specified future date.
(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 nine months ended September 30, 2021.
    
  Value
December 31, 2020 		Purchases
at Cost 		Proceeds
from Sales 		Change in
Unrealized
Appreciation 		Realized
Gain
(Loss) 		Value
September 30, 2021 		Dividend Income
Investments in Affiliated Money Market Funds:              
Invesco Government & Agency Portfolio, Institutional Class $13,781,057 $11,412,803 $(17,645,308) $- $- $7,548,552 $2,119
Invesco Liquid Assets Portfolio, Institutional Class 9,839,218 8,152,002 (12,561,064) 2,176 (1,192) 5,431,140 1,105
Invesco Treasury Portfolio, Institutional Class 15,749,779 13,043,203 (20,166,065) - - 8,626,917 876
Investments Purchased with Cash Collateral from Securities on Loan:              
Invesco Private Government Fund - 440,581 (257,598) - - 182,983 8*
Invesco Private Prime Fund - 1,027,983 (556,596) - - 471,387 107*
Total $39,370,054 $34,076,572 $(51,186,631) $2,176 $(1,192) $22,260,979 $4,215
    
* 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 September 30, 2021.
(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 2 Year Notes 87 December-2021 $19,144,758 $(11,555) $(11,555)
U.S. Treasury 5 Year Notes 87 December-2021 10,678,570 (59,763) (59,763)
U.S. Treasury 10 Year Notes 28 December-2021 3,685,063 (34,137) (34,137)
U.S. Treasury Ultra Bonds 31 December-2021 5,922,937 (171,469) (171,469)
Subtotal—Long Futures Contracts (276,924) (276,924)
Short Futures Contracts          
Interest Rate Risk
U.S. Treasury 10 Year Ultra Notes 54 December-2021 (7,843,500) 116,532 116,532
U.S. Treasury Long Bonds 37 December-2021 (5,891,094) 119,094 119,094
Subtotal—Short Futures Contracts 235,626 235,626
Total Futures Contracts $(41,298) $(41,298)
    
(a) Futures contracts collateralized by $343,747 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
September 30, 2021
(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 September 30, 2021. 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 $— $50,977,286 $629,424 $51,606,710
Asset-Backed Securities — 27,828,947 — 27,828,947
U.S. Government Sponsored Agency Mortgage-Backed Securities — 23,074,978 — 23,074,978
U.S. Treasury Securities — 16,033,630 — 16,033,630
Preferred Stocks — 948,428 — 948,428
Municipal Obligations — 554,553 — 554,553
Agency Credit Risk Transfer Notes — 494,377 — 494,377
Money Market Funds 21,606,609 654,370 — 22,260,979
Total Investments in Securities 21,606,609 120,566,569 629,424 142,802,602
Other Investments - Assets*        
Futures Contracts 235,626 — — 235,626
Other Investments - Liabilities*        
Futures Contracts (276,924) — — (276,924)
Total Other Investments (41,298) — — (41,298)
Total Investments $21,565,311 $120,566,569 $629,424 $142,761,304
    
* Unrealized appreciation (depreciation).
Invesco V.I. Core Bond Fund

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