Form NPORT-P FEDERATED HERMES INSURAN For: Mar 31

May 25, 2022 12:25 PM EDT

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    NPORT-P
    false
    
      
      
        
          0000912577
          XXXXXXXX
        
      
      
      
      
        S000009748
        C000026775
      
      
      
    
  
  
    
      Federated Hermes Insurance Series
      811-08042
      0000912577
      254900PGYAB5I8WZFV72
      Federated Hermes Funds
      4000 Ericsson Drive
      Warrendale
      
      15086-7561
      8003417400
      Federated Hermes Fund For U.S. Government Securities II
      S000009748
      254900XGJCH26G9LF241
      2022-12-31
      2022-03-31
      N
    
    
      116417443.630000000000
      9488227.810000000000
      106929215.820000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      7427030.900000000000
      0.000000000000
      0.000000000000
      58.900000000000
      
        
          USD
          
          
        
      
      
      
      
        
        
        
        
        
        
        
        
      
      N
      
        
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Credit Suisse Mortgage Trust
        N/A
        CSMC Trust 2015-WIN1
        12649KAK3
        
          
        
        94167.5500000000
        PA
        USD
        94312.1300000000
        0.0882005253
        Long
        ABS-MBS
        CORP
        US
        Y
        
        2
        
          2044-12-25
          Variable
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WHLG0
        
          
        
        50096.6900000000
        PA
        USD
        54276.2100000000
        0.0507590087
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-05-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WHME4
        
          
        
        3294.2000000000
        PA
        USD
        3586.7200000000
        0.0033542937
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-05-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WHNB9
        
          
        
        17766.0800000000
        PA
        USD
        18925.2200000000
        0.0176988299
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-05-01
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WWVG6
        
          
        
        158310.0500000000
        PA
        USD
        179168.4900000000
        0.1675580323
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2032-04-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131XHX43
        
          
        
        970914.6000000000
        PA
        USD
        1004259.9800000000
        0.9391820302
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2041-12-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329HVL2
        
          
        
        1697.7300000000
        PA
        USD
        1834.4600000000
        0.0017155835
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-07-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329HYW5
        
          
        
        8148.0600000000
        PA
        USD
        9087.0300000000
        0.0084981732
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2031-01-01
          Fixed
          7.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329J4K0
        
          
        
        344.1500000000
        PA
        USD
        345.3700000000
        0.0003229894
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2022-06-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329NCT3
        
          
        
        296430.6800000000
        PA
        USD
        294917.5200000000
        0.2758063058
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2045-11-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329PFM0
        
          
        
        312889.8600000000
        PA
        USD
        320501.0300000000
        0.2997319559
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-07-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A1HV9
        
          
        
        373727.5600000000
        PA
        USD
        401492.6800000000
        0.3754751935
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-05-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A44F2
        
          
        
        156360.4400000000
        PA
        USD
        165041.4600000000
        0.1543464606
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2040-08-01
          Fixed
          4.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A5FX8
        
          
        
        624189.1800000000
        PA
        USD
        619247.4100000000
        0.5791190043
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-10-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132DWBP7
        
          
        
        2765958.5100000000
        PA
        USD
        2574566.9000000000
        2.4077300860
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-05-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3133B2UD9
        
          
        
        2376569.1300000000
        PA
        USD
        2329346.2300000000
        2.1784001801
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2052-01-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        313615US3
        
          
        
        448.4400000000
        PA
        USD
        464.6600000000
        0.0004345492
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2024-02-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31371HYA0
        
          
        
        1521.6300000000
        PA
        USD
        1665.6000000000
        0.0015576660
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-10-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WQCN5
        
          
        
        49191.3300000000
        PA
        USD
        52718.8600000000
        0.0493025780
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2040-06-01
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WULQ9
        
          
        
        429.5800000000
        PA
        USD
        460.0100000000
        0.0004302005
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-09-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31383EYY1
        
          
        
        185.1600000000
        PA
        USD
        200.2000000000
        0.0001872267
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-07-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31383MUZ4
        
          
        
        247.7200000000
        PA
        USD
        267.3600000000
        0.0002500346
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-07-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WVEX0
        
          
        
        15406.3200000000
        PA
        USD
        17220.6200000000
        0.0161046912
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-12-01
          Fixed
          7.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WWJW5
        
          
        
        4198.1700000000
        PA
        USD
        4517.9100000000
        0.0042251409
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2032-01-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31383YE29
        
          
        
        10800.5500000000
        PA
        USD
        11966.4400000000
        0.0111909920
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-10-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31384WKP4
        
          
        
        1233.3500000000
        PA
        USD
        1332.2000000000
        0.0012458709
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2031-05-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WYTR1
        
          
        
        240.6700000000
        PA
        USD
        249.1100000000
        0.0002329672
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2024-05-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WYYV6
        
          
        
        337.1400000000
        PA
        USD
        357.5200000000
        0.0003343520
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2025-02-01
          Fixed
          9.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31385K3Y9
        
          
        
        1508.1700000000
        PA
        USD
        1682.7300000000
        0.0015736859
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-07-01
          Fixed
          8.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31385UCP6
        
          
        
        3530.5500000000
        PA
        USD
        3855.8800000000
        0.0036060117
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-09-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31387NVM6
        
          
        
        14725.0800000000
        PA
        USD
        16196.5200000000
        0.0151469548
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2031-06-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3138EHZ21
        
          
        
        463762.5800000000
        PA
        USD
        479548.7800000000
        0.4484731103
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2041-12-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3138ESA65
        
          
        
        43888.8400000000
        PA
        USD
        43747.1000000000
        0.0409122050
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-02-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3138WJMJ4
        
          
        
        664966.2900000000
        PA
        USD
        672607.6200000000
        0.6290213716
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-12-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131XT5K2
        
          
        
        441895.0700000000
        PA
        USD
        458133.5200000000
        0.4284455997
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-03-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131XYJ75
        
          
        
        740646.3700000000
        PA
        USD
        749620.2600000000
        0.7010434466
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-11-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131Y0WR9
        
          
        
        134581.7500000000
        PA
        USD
        138286.5800000000
        0.1293253476
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-04-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329NXY9
        
          
        
        73456.6600000000
        PA
        USD
        75582.1100000000
        0.0706842460
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-12-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31390CF68
        
          
        
        77234.9800000000
        PA
        USD
        87345.7100000000
        0.0816855425
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2032-04-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31407XXN6
        
          
        
        19476.5600000000
        PA
        USD
        20724.2800000000
        0.0193813074
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2035-11-01
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A1V27
        
          
        
        219241.4500000000
        PA
        USD
        231755.2000000000
        0.2167370239
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-01-01
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A1VR2
        
          
        
        61266.3700000000
        PA
        USD
        67441.6200000000
        0.0630712752
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-04-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140J8Y72
        
          
        
        445737.3900000000
        PA
        USD
        450093.3600000000
        0.4209264573
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-12-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140XBEK2
        
          
        
        953727.7000000000
        PA
        USD
        936341.6300000000
        0.8756649180
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-05-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31418CFD1
        
          
        
        503932.3200000000
        PA
        USD
        499627.6800000000
        0.4672508595
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-01-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31418DP97
        
          
        
        1377081.9400000000
        PA
        USD
        1285236.9100000000
        1.2019511227
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-06-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A1WT7
        
          
        
        50157.8000000000
        PA
        USD
        53476.7600000000
        0.0500113646
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-04-01
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A2AW2
        
          
        
        56014.3000000000
        PA
        USD
        60994.6100000000
        0.0570420437
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2037-11-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36202DGD7
        
          
        
        2917.5300000000
        PA
        USD
        3192.9800000000
        0.0029860688
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2030-03-20
          Fixed
          7.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36202E6D6
        
          
        
        248285.4500000000
        PA
        USD
        260498.3600000000
        0.2436175726
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2039-06-20
          Fixed
          4.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A4WA2
        
          
        
        6624.8300000000
        PA
        USD
        7183.6000000000
        0.0067180891
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-05-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FEDERAL FARM CREDIT BANK
        N/A
        Federal Farm Credit Banks
        31331RN68
        
          
        
        1000000.0000000000
        PA
        USD
        1193426.7000000000
        1.1160903883
        Long
        DBT
        USGSE
        US
        N
        
        2
        
          2028-12-07
          Fixed
          5.7500000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36202EJY6
        
          
        
        23103.1000000000
        PA
        USD
        25436.1100000000
        0.0237878019
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2036-07-20
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36202ENB1
        
          
        
        22633.7400000000
        PA
        USD
        24996.9200000000
        0.0233770722
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2037-05-20
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36202EUU1
        
          
        
        125008.3600000000
        PA
        USD
        138415.0600000000
        0.1294455018
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2038-07-20
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36202FJQ0
        
          
        
        278839.6200000000
        PA
        USD
        292834.9400000000
        0.2738586810
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2040-08-20
          Fixed
          4.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3133AARF1
        
          
        
        1016240.8200000000
        PA
        USD
        948779.8100000000
        0.8872970803
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-09-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31371G2C3
        
          
        
        148.2500000000
        PA
        USD
        162.3000000000
        0.0001517827
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2028-09-01
          Fixed
          7.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36209Q2Y0
        
          
        
        319.7500000000
        PA
        USD
        351.7200000000
        0.0003289279
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2029-10-15
          Fixed
          7.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        3620A9PT2
        
          
        
        193522.2300000000
        PA
        USD
        206050.6100000000
        0.1926981400
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2039-10-15
          Fixed
          4.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36211DQM5
        
          
        
        1644.0900000000
        PA
        USD
        1770.0100000000
        0.0016553100
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2029-06-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36225AMB3
        
          
        
        1082.7900000000
        PA
        USD
        1112.1200000000
        0.0010400525
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2023-12-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36225ATR1
        
          
        
        2446.0700000000
        PA
        USD
        2521.7300000000
        0.0023583171
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2024-05-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36292LGN8
        
          
        
        71781.6800000000
        PA
        USD
        79223.0600000000
        0.0740892556
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2036-04-15
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36292MZ96
        
          
        
        78349.3300000000
        PA
        USD
        86471.5500000000
        0.0808680297
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2036-05-15
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Mortgage Trust
        N/A
        JP Morgan Mortgage Trust 2021-1
        46592EBC9
        
          
        
        1212111.9000000000
        PA
        USD
        1189481.5300000000
        1.1124008727
        Long
        ABS-MBS
        CORP
        US
        Y
        
        2
        
          2051-06-25
          Floating
          0.7000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31383REU2
        
          
        
        137.8300000000
        PA
        USD
        146.1900000000
        0.0001367166
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-08-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31384SPY9
        
          
        
        3120.9400000000
        PA
        USD
        3472.0500000000
        0.0032470546
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-02-01
          Fixed
          7.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Mortgage Trust
        N/A
        J.P. Morgan Mortgage Trust 2022-1
        46654WAC5
        
          
        
        1381206.3200000000
        PA
        USD
        1314681.7600000000
        1.2294878906
        Long
        ABS-MBS
        CORP
        US
        Y
        
        2
        
          2052-07-25
          Variable
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Mortgage Trust
        N/A
        JP Morgan Mortgage Trust 2022-2
        46655DAC6
        
          
        
        1478315.8500000000
        PA
        USD
        1366114.0400000000
        1.2775872614
        Long
        ABS-MBS
        CORP
        US
        Y
        
        2
        
          2052-08-25
          Variable
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Navient Student Loan Trust
        N/A
        Navient Private Education Refi Loan Trust 2020-F
        63941XAA5
        
          
        
        255241.2200000000
        PA
        USD
        248804.3200000000
        0.2326813286
        Long
        ABS-O
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        Sequoia Mortgage Trust
        N/A
        Sequoia Mortgage Trust 2021-3
        81748VAA6
        
          
        
        1194934.9300000000
        PA
        USD
        1102747.6100000000
        1.0312874751
        Long
        ABS-MBS
        CORP
        US
        Y
        
        2
        
          2051-05-25
          Variable
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912810RH3
        
          
        
        650000.0000000000
        PA
        USD
        703968.4000000000
        0.6583499136
        Long
        DBT
        UST
        US
        N
        
        2
        
          2044-08-15
          Fixed
          3.1300000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912810SK5
        
          
        
        700000.0000000000
        PA
        USD
        685936.0900000000
        0.6414861315
        Long
        DBT
        UST
        US
        N
        
        2
        
          2049-11-15
          Fixed
          2.3800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912810SY5
        
          
        
        1000000.0000000000
        PA
        USD
        945453.8000000000
        0.8841866021
        Long
        DBT
        UST
        US
        N
        
        2
        
          2041-05-15
          Fixed
          2.2500000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CAM3
        
          
        
        1000000.0000000000
        PA
        USD
        923794.2000000000
        0.8639305852
        Long
        DBT
        UST
        US
        N
        
        2
        
          2025-09-30
          Fixed
          0.2500000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CBB6
        
          
          
        
        1500000.0000000000
        PA
        USD
        1351694.2500000000
        1.2641019011
        Long
        DBT
        UST
        US
        N
        
        2
        
          2027-12-31
          Fixed
          0.6300000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3138EAE37
        
          
        
        348802.8600000000
        PA
        USD
        363364.4400000000
        0.3398177357
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2042-04-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140FDF27
        
          
        
        673247.4800000000
        PA
        USD
        667496.5300000000
        0.6242414899
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-11-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140FHWA1
        
          
        
        145825.8800000000
        PA
        USD
        144671.3600000000
        0.1352963817
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-11-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140GYH85
        
          
        
        175643.1300000000
        PA
        USD
        180642.9900000000
        0.1689369819
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-02-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140H7UY1
        
          
        
        340124.4400000000
        PA
        USD
        345627.2500000000
        0.3232299492
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-01-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140J8NF6
        
          
        
        347088.4700000000
        PA
        USD
        357239.8700000000
        0.3340900494
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-02-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140LNLD7
        
          
        
        5732817.6000000000
        PA
        USD
        5483994.9700000000
        5.1286217036
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-05-01
          Fixed
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140Q8JU0
        
          
        
        627398.0600000000
        PA
        USD
        620666.3300000000
        0.5804459756
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-02-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140XCGT9
        
          
        
        2100755.3300000000
        PA
        USD
        1955392.7200000000
        1.8286795662
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-08-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31413JMS0
        
          
        
        33010.7700000000
        PA
        USD
        36638.4000000000
        0.0342641622
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2037-09-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        AmeriCredit Automobile Receivables Trust
        N/A
        AmeriCredit Automobile Receivables Trust 2020-2
        03066EAF1
        
          
        
        311000.0000000000
        PA
        USD
        306177.7600000000
        0.2863368609
        Long
        ABS-O
        CORP
        US
        N
        
        2
        
          N
          N
          N
        
      
      
        Credit Suisse Mortgage Trust
        N/A
        CSMC Mortgage-Backed Trust 2007-4
        126379BQ8
        
          
        
        73939.6800000000
        PA
        USD
        25525.9200000000
        0.0238717920
        Long
        ABS-MBS
        CORP
        US
        N
        
        2
        
          2037-06-25
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WGPD5
        
          
        
        12452.8200000000
        PA
        USD
        13474.6300000000
        0.0126014484
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2035-12-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WHN78
        
          
        
        4117.9500000000
        PA
        USD
        4483.8900000000
        0.0041933254
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-06-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WHPR2
        
          
        
        1327.7100000000
        PA
        USD
        1445.5300000000
        0.0013518569
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-06-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WHMH7
        
          
        
        5827.2000000000
        PA
        USD
        6411.0300000000
        0.0059955831
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-05-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WJ3Y7
        
          
        
        137106.4700000000
        PA
        USD
        152491.8700000000
        0.1426101078
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2037-06-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31418DUG5
        
          
        
        827841.3700000000
        PA
        USD
        771852.0600000000
        0.7218345838
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-11-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36179TLR4
        
          
        
        749234.6900000000
        PA
        USD
        748137.5900000000
        0.6996568564
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2047-11-20
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329HWF4
        
          
        
        1264.9700000000
        PA
        USD
        1393.2900000000
        0.0013030022
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-12-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329HXJ5
        
          
        
        709.4500000000
        PA
        USD
        774.7500000000
        0.0007245447
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-06-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        3617UCHK7
        
          
        
        3866030.7400000000
        PA
        USD
        3745891.9000000000
        3.5031510063
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2051-02-20
          Fixed
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36202DNY3
        
          
        
        3025.0700000000
        PA
        USD
        3284.0900000000
        0.0030712747
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2031-07-20
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A1EF7
        
          
        
        84588.1000000000
        PA
        USD
        91795.9200000000
        0.0858473704
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-02-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132ACSS0
        
          
        
        411549.0700000000
        PA
        USD
        409281.0600000000
        0.3827588717
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-10-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132ADTL2
        
          
        
        723515.5900000000
        PA
        USD
        741778.0600000000
        0.6937094360
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2042-07-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31374TVN6
        
          
        
        1994.7300000000
        PA
        USD
        2124.0700000000
        0.0019864262
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-07-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WKV72
        
          
        
        12869.4700000000
        PA
        USD
        14265.6400000000
        0.0133411995
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2037-07-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WRAW5
        
          
        
        371025.7500000000
        PA
        USD
        392145.0900000000
        0.3667333450
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2040-12-01
          Fixed
          4.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31383HEX8
        
          
        
        119.6100000000
        PA
        USD
        129.9600000000
        0.0001215383
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-06-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140HDFC3
        
          
        
        133200.0400000000
        PA
        USD
        136950.0900000000
        0.1280754646
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-02-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WUDF2
        
          
        
        2081.6000000000
        PA
        USD
        2250.3800000000
        0.0021045511
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-06-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131XHZN9
        
          
        
        95628.8100000000
        PA
        USD
        98888.5800000000
        0.0924804126
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2042-01-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140LS3J3
        
          
        
        2896220.9600000000
        PA
        USD
        2864602.0500000000
        2.6789704086
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-09-01
          Fixed
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31410GJG9
        
          
        
        167532.8400000000
        PA
        USD
        177327.8200000000
        0.1658366412
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-07-01
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36201QDR1
        
          
        
        20520.0000000000
        PA
        USD
        22298.8300000000
        0.0208538236
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2032-05-15
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36209RNE9
        
          
        
        855.4700000000
        PA
        USD
        950.0000000000
        0.0008884382
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2030-04-15
          Fixed
          8.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131XVKV6
        
          
        
        59855.7900000000
        PA
        USD
        59344.5000000000
        0.0554988639
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-11-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131XYF53
        
          
        
        150518.6800000000
        PA
        USD
        154920.9400000000
        0.1448817695
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-11-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329H3L3
        
          
        
        17170.3000000000
        PA
        USD
        18602.6200000000
        0.0173971350
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2032-02-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329HUG4
        
          
        
        4280.4800000000
        PA
        USD
        4616.0500000000
        0.0043169212
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-03-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36213DUD8
        
          
        
        3519.1000000000
        PA
        USD
        3777.6800000000
        0.0035328792
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2031-06-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36225B6B9
        
          
        
        156233.9900000000
        PA
        USD
        167998.6000000000
        0.1571119724
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2034-07-15
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36213TB44
        
          
        
        2853.8600000000
        PA
        USD
        3121.0200000000
        0.0029187720
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2032-04-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        3622A3AD2
        
          
        
        591388.8900000000
        PA
        USD
        602979.5800000000
        0.5639053605
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2048-02-20
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329HXG1
        
          
        
        2022.7500000000
        PA
        USD
        2250.8100000000
        0.0021049532
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-05-01
          Fixed
          8.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        31329HYL9
        
          
        
        140.8100000000
        PA
        USD
        156.6800000000
        0.0001465268
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-11-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        3622ABE40
        
          
        
        4945614.6800000000
        PA
        USD
        4791927.2300000000
        4.4814012646
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2051-06-20
          Fixed
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GS Mortgage-Backed Securities Trust
        N/A
        GS Mortgage-Backed Securities Trust 2022-PJ3
        362924AE2
        
          
        
        1100000.0000000000
        PA
        USD
        1014449.2600000000
        0.9487110255
        Long
        ABS-MBS
        CORP
        US
        Y
        
        2
        
          2052-08-26
          Variable
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        9128284D9
        
          
        
        1800000.0000000000
        PA
        USD
        1813787.2800000000
        1.6962504271
        Long
        DBT
        UST
        US
        N
        
        2
        
          2023-03-31
          Fixed
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CAL5
        
          
        
        1000000.0000000000
        PA
        USD
        892992.8000000000
        0.8351251743
        Long
        DBT
        UST
        US
        N
        
        2
        
          2027-09-30
          Fixed
          0.3800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36292L5G5
        
          
        
        77968.0300000000
        PA
        USD
        85945.7000000000
        0.0803762558
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2036-05-15
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JP Morgan Mortgage Trust
        N/A
        JP Morgan Mortgage Trust 2022-3
        46654UAC9
        
          
        
        1294400.0000000000
        PA
        USD
        1195752.6100000000
        1.1182655749
        Long
        ABS-MBS
        CORP
        US
        Y
        
        2
        
          2052-08-25
          Variable
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A2N57
        
          
        
        110626.1100000000
        PA
        USD
        120461.1600000000
        0.1126550486
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2038-01-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A2PC0
        
          
        
        69155.0000000000
        PA
        USD
        73171.0800000000
        0.0684294554
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-05-01
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132AAYU2
        
          
        
        173294.5600000000
        PA
        USD
        176423.1900000000
        0.1649906330
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-05-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132AC2J8
        
          
        
        596868.1300000000
        PA
        USD
        611560.8100000000
        0.5719305106
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2043-09-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132DWBB8
        
          
        
        891691.9700000000
        PA
        USD
        829990.9900000000
        0.7762060010
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-03-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132DWCN1
        
          
        
        2937371.5500000000
        PA
        USD
        2730447.2400000000
        2.5535090845
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-11-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TENN VALLEY AUTHORITY
        549300HE1ISW43LNKM54
        Tennessee Valley Authority
        880591EB4
        
          
        
        250000.0000000000
        PA
        USD
        320847.3300000000
        0.3000558150
        Long
        DBT
        USGA
        US
        N
        
        2
        
          2048-01-15
          Fixed
          4.8800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TENN VALLEY AUTHORITY
        549300HE1ISW43LNKM54
        Tennessee Valley Authority
        880591EW8
        
          
        
        1750000.0000000000
        PA
        USD
        1656057.7300000000
        1.5487420508
        Long
        DBT
        USGA
        US
        N
        
        2
        
          2025-05-15
          Fixed
          0.7500000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3133B5GW6
        
          
        
        1996798.6800000000
        PA
        USD
        1957745.8900000000
        1.8308802463
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2052-02-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31371G2G4
        
          
        
        684.8000000000
        PA
        USD
        739.6100000000
        0.0006916819
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2028-08-01
          Fixed
          7.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31371HQX9
        
          
        
        147.8500000000
        PA
        USD
        160.1600000000
        0.0001497813
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-07-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31382UXE1
        
          
        
        1496.2300000000
        PA
        USD
        1626.5100000000
        0.0015211091
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-06-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TENN VALLEY AUTHORITY
        549300HE1ISW43LNKM54
        Tennessee Valley Authority
        880591EX6
        
          
        
        720000.0000000000
        PA
        USD
        646932.1100000000
        0.6050096833
        Long
        DBT
        USGA
        US
        N
        
        2
        
          2031-09-15
          Fixed
          1.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CBA8
        
          
        
        1500000.0000000000
        PA
        USD
        1447014.4500000000
        1.3532451715
        Long
        DBT
        UST
        US
        N
        
        2
        
          2023-12-15
          Fixed
          0.1300000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31383FAD0
        
          
        
        2665.4200000000
        PA
        USD
        2882.0700000000
        0.0026953064
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-07-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31383GYF7
        
          
        
        1867.3200000000
        PA
        USD
        2025.2800000000
        0.0018940380
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-06-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31383LUP8
        
          
        
        21.9900000000
        PA
        USD
        23.9000000000
        0.0000223512
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2029-07-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31386CQS4
        
          
        
        3691.0600000000
        PA
        USD
        4131.9900000000
        0.0038642292
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2030-11-01
          Fixed
          7.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3138A5GV8
        
          
        
        177909.7800000000
        PA
        USD
        183982.2100000000
        0.1720598141
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2041-02-01
          Fixed
          4.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3138AD4L6
        
          
        
        158530.0800000000
        PA
        USD
        168856.6800000000
        0.1579144471
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2041-10-01
          Fixed
          4.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CDZ1
        
          
        
        2000000.0000000000
        PA
        USD
        1944394.8000000000
        1.8183943323
        Long
        DBT
        UST
        US
        N
        
        2
        
          2025-02-15
          Fixed
          1.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CEB3
        
          
        
        750000.0000000000
        PA
        USD
        724071.4500000000
        0.6771502479
        Long
        DBT
        UST
        US
        N
        
        2
        
          2029-02-28
          Fixed
          1.8800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31403DDX4
        
          
        
        47825.3300000000
        PA
        USD
        51842.1700000000
        0.0484826991
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-04-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31403DP37
        
          
        
        81623.2300000000
        PA
        USD
        88046.7500000000
        0.0823411537
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2034-09-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31409JYR5
        
          
        
        101594.3200000000
        PA
        USD
        112500.4000000000
        0.1052101609
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-07-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31409X4Z9
        
          
        
        6649.9500000000
        PA
        USD
        7345.0800000000
        0.0068691049
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-05-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140FPYF0
        
          
        
        51411.3500000000
        PA
        USD
        50972.1900000000
        0.0476690955
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2047-01-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140J8Y64
        
          
        
        540589.4100000000
        PA
        USD
        547392.7300000000
        0.5119206438
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-09-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140J9CV1
        
          
        
        1565110.8000000000
        PA
        USD
        1604616.2300000000
        1.5006340575
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2042-09-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140M2G63
        
          
        
        1450867.8600000000
        PA
        USD
        1387328.8400000000
        1.2974273021
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-10-01
          Fixed
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140QDAU8
        
          
        
        932289.2800000000
        PA
        USD
        894009.9500000000
        0.8360764111
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2050-03-01
          Fixed
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140QMCQ5
        
          
        
        1022153.1100000000
        PA
        USD
        1001842.7200000000
        0.9369214132
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2051-10-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140XFNK3
        
          
        
        994123.5800000000
        PA
        USD
        924092.1500000000
        0.8642092275
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2052-01-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31413VN52
        
          
        
        33125.2500000000
        PA
        USD
        36884.3800000000
        0.0344942023
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2037-11-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31418CCH5
        
          
        
        460055.5600000000
        PA
        USD
        456413.2500000000
        0.4268368065
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-10-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31418DC59
        
          
        
        89950.6900000000
        PA
        USD
        88592.0200000000
        0.0828510892
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2049-07-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        3617G1FA1
        
          
        
        1224632.3200000000
        PA
        USD
        1245955.1300000000
        1.1652148764
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2048-01-20
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36200QST2
        
          
        
        150952.5000000000
        PA
        USD
        165912.5000000000
        0.1551610556
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2032-05-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36201CJX3
        
          
        
        25495.5000000000
        PA
        USD
        27823.2200000000
        0.0260202226
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2031-12-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36201MEC2
        
          
        
        18288.2000000000
        PA
        USD
        19747.4300000000
        0.0184677591
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2032-04-15
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae II Pool
        36202DPD7
        
          
        
        2893.5900000000
        PA
        USD
        3137.9500000000
        0.0029346049
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2031-08-20
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36209YWP9
        
          
        
        21545.7400000000
        PA
        USD
        23599.1000000000
        0.0220698336
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2031-10-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Government National Mortgage Association
        38379KJM1
        
          
        
        386674.0900000000
        PA
        USD
        383202.9600000000
        0.3583706820
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2055-11-16
          Variable
          2.9000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Navient Student Loan Trust
        N/A
        Navient Private Education Refi Loan Trust 2020-H
        63935BAA1
        
          
        
        317751.5100000000
        PA
        USD
        307970.9800000000
        0.2880138769
        Long
        ABS-O
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        Navient Student Loan Trust
        N/A
        Navient Private Education Refi Loan Trust 2021-F
        63942GAA1
        
          
        
        810028.0800000000
        PA
        USD
        754475.4600000000
        0.7055840204
        Long
        ABS-O
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        Navient Student Loan Trust
        N/A
        Navient Student Loan Trust
        63942KAA2
        
          
        
        1010549.2800000000
        PA
        USD
        966031.9100000000
        0.9034312116
        Long
        ABS-O
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        Progress Residential Trust
        N/A
        Progress Residential 2022-SFR1 Trust
        74333YAJ7
        
          
        
        605000.0000000000
        PA
        USD
        583578.1600000000
        0.5457611893
        Long
        ABS-O
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        TENN VALLEY AUTHORITY
        549300HE1ISW43LNKM54
        Tennessee Valley Authority
        880591DX7
        
          
        
        2000000.0000000000
        PA
        USD
        2343622.6000000000
        2.1917514143
        Long
        DBT
        USGA
        US
        N
        
        2
        
          2035-06-15
          Fixed
          4.6500000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        TENN VALLEY AUTHORITY
        549300HE1ISW43LNKM54
        Tennessee Valley Authority
        880591EU2
        
          
        
        1700000.0000000000
        PA
        USD
        1721723.1100000000
        1.6101521897
        Long
        DBT
        USGA
        US
        N
        
        2
        
          2027-02-01
          Fixed
          2.8800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912810RN0
        
          
        
        1200000.0000000000
        PA
        USD
        1254062.5200000000
        1.1727968922
        Long
        DBT
        UST
        US
        N
        
        2
        
          2045-08-15
          Fixed
          2.8800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond - When Issued
        912810SH2
        
          
        
        1025000.0000000000
        PA
        USD
        1104459.5400000000
        1.0328884688
        Long
        DBT
        UST
        US
        N
        
        2
        
          2049-05-15
          Fixed
          2.8800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912810TB4
        
          
        
        1000000.0000000000
        PA
        USD
        878054.0000000000
        0.8211544369
        Long
        DBT
        UST
        US
        N
        
        2
        
          2051-11-15
          Fixed
          1.8800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912810TD0
        
          
        
        500000.0000000000
        PA
        USD
        479375.0000000000
        0.4483105916
        Long
        DBT
        UST
        US
        N
        
        2
        
          2052-02-15
          Fixed
          2.2500000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond - When Issued
        9128286F2
        
          
        
        250000.0000000000
        PA
        USD
        249664.5300000000
        0.2334857953
        Long
        DBT
        UST
        US
        N
        
        2
        
          2026-02-28
          Fixed
          2.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912828T26
        
          
        
        525000.0000000000
        PA
        USD
        519227.3100000000
        0.4855803964
        Long
        DBT
        UST
        US
        N
        
        2
        
          2023-09-30
          Fixed
          1.3800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912828UN8
        
          
        
        2000000.0000000000
        PA
        USD
        2006688.4000000000
        1.8766511889
        Long
        DBT
        UST
        US
        N
        
        2
        
          2023-02-15
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        912828Y61
        
          
        
        2500000.0000000000
        PA
        USD
        2523241.2500000000
        2.3597304354
        Long
        DBT
        UST
        US
        N
        
        2
        
          2023-07-31
          Fixed
          2.7500000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CCS8
        
          
        
        500000.0000000000
        PA
        USD
        454551.0500000000
        0.4250952806
        Long
        DBT
        UST
        US
        N
        
        2
        
          2031-08-15
          Fixed
          1.2500000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        United States Treasury Note/Bond
        91282CEC1
        
          
        
        750000.0000000000
        PA
        USD
        730111.2000000000
        0.6827986107
        Long
        DBT
        UST
        US
        N
        
        2
        
          2027-02-28
          Fixed
          1.8800000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BofA Securities, Inc.
        549300HN4UKV1E2R3U73
        BOFAM REPO 1
        000000000
        
          
        
        2008000.0000000000
        PA
        USD
        2008000.0000000000
        1.8778777948
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
            
              
            
          
          Y
          .3
          2022-04-01
          
            
              2022153.88
              USD
              2048177.05
              USD
              AMBS
            
          
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3131WRUY9
        
          
        
        468603.6900000000
        PA
        USD
        499128.3900000000
        0.4667839245
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2041-04-01
          Fixed
          4.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132A1GB4
        
          
        
        11619.0200000000
        PA
        USD
        12387.0300000000
        0.0115843270
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-06-01
          Fixed
          5.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Freddie Mac
        S6XOOCT0IEG5ABCC6L87
        Freddie Mac Pool
        3132DVL60
        
          
        
        1036994.2900000000
        PA
        USD
        965563.1200000000
        0.9029928000
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2052-01-01
          Fixed
          2.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31371NN76
        
          
        
        15457.8300000000
        PA
        USD
        16895.0800000000
        0.0158002468
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2037-12-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31389PGS3
        
          
        
        11058.2200000000
        PA
        USD
        12262.2600000000
        0.0114676423
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2032-04-01
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3138ET5G7
        
          
        
        674912.6300000000
        PA
        USD
        684355.5400000000
        0.6400080041
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2046-08-01
          Fixed
          3.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31408F6D6
        
          
        
        37913.8500000000
        PA
        USD
        41101.7700000000
        0.0384382974
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-01-01
          Fixed
          5.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        3140Q97G2
        
          
        
        344650.3000000000
        PA
        USD
        340952.3400000000
        0.3188579823
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2048-02-01
          Fixed
          3.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Fannie Mae
        B1V7KEBTPIMZEU4LTD58
        Fannie Mae Pool
        31410SQE0
        
          
        
        3420.1500000000
        PA
        USD
        3788.9800000000
        0.0035434469
        Long
        ABS-MBS
        USGSE
        US
        N
        
        2
        
          2036-07-01
          Fixed
          6.0000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government National Mortgage Association
        549300M8ZYFG0OCMTT87
        Ginnie Mae I Pool
        36200Q6T6
        
          
        
        19348.6100000000
        PA
        USD
        21203.3200000000
        0.0198293047
        Long
        ABS-MBS
        USGA
        US
        N
        
        2
        
          2032-05-15
          Fixed
          6.5000000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Navient Student Loan Trust
        N/A
        Navient Private Education Refi Loan Trust 2020-G
        63941UAA1
        
          
        
        530771.0800000000
        PA
        USD
        513118.7000000000
        0.4798676359
        Long
        ABS-O
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        SMB Private Education Loan Trust
        N/A
        SMB Private Education Loan Trust 2020-B
        78449XAB8
        
          
        
        654811.4000000000
        PA
        USD
        658040.8300000000
        0.6153985372
        Long
        ABS-O
        CORP
        US
        Y
        
        2
        
          2053-07-15
          None
          0
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      2022-05-25
      Federated Hermes Insurance Series
      Stephen Van Meter
      Federated Hermes Insurance Series
      Chief Compliance Officer
    
  
  XXXX



Federated Hermes Fund for U.S. Government Securities II
Portfolio of Investments
March 31, 2022 (unaudited)
Principal
Amount
 
 
Value
         
 
MORTGAGE-BACKED SECURITIES—57.1%
 
 
 
Federal Home Loan Mortgage Corporation—19.6%
 
$1,016,241
 
2.000%, 9/1/2050
$    948,780
  891,692
 
2.000%, 3/1/2051
    829,991
2,765,958
 
2.000%, 5/1/2051
  2,574,567
2,937,371
 
2.000%, 11/1/2051
  2,730,447
1,036,994
 
2.000%, 1/1/2052
    965,563
  296,431
 
3.000%, 11/1/2045
    294,917
  624,189
 
3.000%, 10/1/2046
    619,247
  411,549
 
3.000%, 10/1/2046
    409,281
   59,856
 
3.000%, 11/1/2046
     59,344
2,376,569
 
3.000%, 1/1/2052
  2,329,346
1,996,799
 
3.000%, 2/1/2052
  1,957,746
  723,516
 
3.500%, 7/1/2042
    741,778
  596,868
 
3.500%, 9/1/2043
    611,561
  173,295
 
3.500%, 5/1/2046
    176,423
  740,646
 
3.500%, 11/1/2047
    749,620
  970,915
 
4.000%, 12/1/2041
  1,004,260
   95,629
 
4.000%, 1/1/2042
     98,889
  441,895
 
4.000%, 3/1/2046
    458,133
  150,519
 
4.000%, 11/1/2047
    154,921
   73,457
 
4.000%, 12/1/2047
     75,582
  134,582
 
4.000%, 4/1/2048
    138,287
  312,890
 
4.000%, 7/1/2048
    320,501
  156,360
 
4.500%, 8/1/2040
    165,041
  371,026
 
4.500%, 12/1/2040
    392,145
  468,604
 
4.500%, 4/1/2041
    499,128
  219,241
 
5.000%, 1/1/2034
    231,755
   69,155
 
5.000%, 5/1/2034
     73,171
   50,158
 
5.000%, 4/1/2036
     53,477
   17,766
 
5.000%, 5/1/2036
     18,925
   11,619
 
5.000%, 6/1/2036
     12,387
   49,191
 
5.000%, 6/1/2040
     52,719
  373,728
 
5.500%, 5/1/2034
    401,493
   12,453
 
5.500%, 12/1/2035
     13,475
   84,588
 
5.500%, 2/1/2036
     91,796
   50,097
 
5.500%, 5/1/2036
     54,276
    3,294
 
5.500%, 5/1/2036
      3,587
    6,625
 
5.500%, 5/1/2036
      7,184
    4,118
 
5.500%, 6/1/2036
      4,484
    1,328
 
5.500%, 6/1/2036
      1,446
   56,014
 
5.500%, 11/1/2037
     60,995
  110,626
 
5.500%, 1/1/2038
    120,461
    4,198
 
6.000%, 1/1/2032
      4,518
   17,170
 
6.000%, 2/1/2032
     18,603
   61,266
 
6.000%, 4/1/2036
     67,442
    5,827
 
6.000%, 5/1/2036
      6,411
  137,106
 
6.000%, 6/1/2037
    152,492
1

Principal
Amount
 
 
Value
         
 
MORTGAGE-BACKED SECURITIES—continued
 
 
 
Federal Home Loan Mortgage Corporation—continued
 
$   12,869
 
6.000%, 7/1/2037
$     14,266
      344
 
6.500%, 6/1/2022
        345
      241
 
6.500%, 5/1/2024
        249
    4,280
 
6.500%, 3/1/2029
      4,616
    2,082
 
6.500%, 6/1/2029
      2,250
    1,698
 
6.500%, 7/1/2029
      1,834
      430
 
6.500%, 9/1/2029
        460
    1,265
 
7.000%, 12/1/2029
      1,393
      709
 
7.000%, 6/1/2030
        775
      141
 
7.000%, 11/1/2030
        157
  158,310
 
7.000%, 4/1/2032
    179,168
   15,406
 
7.500%, 12/1/2030
     17,221
    8,148
 
7.500%, 1/1/2031
      9,087
    2,023
 
8.500%, 5/1/2030
      2,251
      337
 
9.000%, 2/1/2025
        358
 
 
TOTAL
20,991,025
 
 
Federal National Mortgage Association—25.6%
 
1,377,082
 
2.000%, 6/1/2050
  1,285,237
  827,841
 
2.000%, 11/1/2050
    771,852
2,100,755
 
2.000%, 8/1/2051
  1,955,393
  994,124
 
2.000%, 1/1/2052
    924,092
2,896,221
 
2.500%, 9/1/2036
  2,864,602
  932,289
 
2.500%, 3/1/2050
    894,010
5,732,818
 
2.500%, 5/1/2051
  5,483,995
1,450,868
 
2.500%, 10/1/2051
  1,387,329
   22,180
 
2.500%, 11/1/2051
     21,190
    9,454
 
2.500%, 12/1/2051
      9,033
   11,216
 
2.500%, 1/1/2052
     10,715
  460,056
 
3.000%, 10/1/2046
    456,413
  673,248
 
3.000%, 11/1/2046
    667,497
  145,826
 
3.000%, 11/1/2046
    144,671
   51,411
 
3.000%, 1/1/2047
     50,972
  503,932
 
3.000%, 1/1/2047
    499,628
   43,889
 
3.000%, 2/1/2047
     43,747
  627,398
 
3.000%, 2/1/2048
    620,666
  344,650
 
3.000%, 2/1/2048
    340,952
   89,951
 
3.000%, 7/1/2049
     88,592
  953,728
 
3.000%, 5/1/2051
    936,342
1,014,062
 
3.000%, 10/1/2051
    993,913
1,565,111
 
3.500%, 9/1/2042
  1,604,616
  674,913
 
3.500%, 8/1/2046
    684,356
  540,589
 
3.500%, 9/1/2046
    547,393
  664,966
 
3.500%, 12/1/2046
    672,608
  445,737
 
3.500%, 12/1/2047
    450,093
  340,124
 
3.500%, 1/1/2048
    345,627
  177,910
 
4.000%, 2/1/2041
    183,982
  463,763
 
4.000%, 12/1/2041
    479,549
  348,803
 
4.000%, 4/1/2042
    363,365
  175,643
 
4.000%, 2/1/2048
    180,643
  133,200
 
4.000%, 2/1/2048
    136,950
  347,088
 
4.000%, 2/1/2048
    357,240
2

Principal
Amount
 
 
Value
         
 
MORTGAGE-BACKED SECURITIES—continued
 
 
 
Federal National Mortgage Association—continued
 
$  158,530
 
4.500%, 10/1/2041
$    168,857
  167,533
 
5.000%, 7/1/2034
    177,328
   19,477
 
5.000%, 11/1/2035
     20,724
   81,623
 
5.500%, 9/1/2034
     88,047
   37,914
 
5.500%, 1/1/2036
     41,102
   47,825
 
5.500%, 4/1/2036
     51,842
    1,995
 
6.000%, 7/1/2029
      2,124
    1,233
 
6.000%, 5/1/2031
      1,332
    6,650
 
6.000%, 5/1/2036
      7,345
  101,594
 
6.000%, 7/1/2036
    112,500
    3,420
 
6.000%, 7/1/2036
      3,789
   33,011
 
6.000%, 9/1/2037
     36,638
   33,125
 
6.000%, 11/1/2037
     36,884
   15,458
 
6.000%, 12/1/2037
     16,895
    1,496
 
6.500%, 6/1/2029
      1,627
    1,867
 
6.500%, 6/1/2029
      2,025
      120
 
6.500%, 6/1/2029
        130
      148
 
6.500%, 7/1/2029
        160
      185
 
6.500%, 7/1/2029
        200
    2,665
 
6.500%, 7/1/2029
      2,882
       22
 
6.500%, 7/1/2029
         24
      248
 
6.500%, 7/1/2029
        267
      138
 
6.500%, 8/1/2029
        146
    3,531
 
6.500%, 9/1/2030
      3,856
   14,725
 
6.500%, 6/1/2031
     16,197
   11,058
 
6.500%, 4/1/2032
     12,262
      448
 
7.000%, 2/1/2024
        465
    1,522
 
7.000%, 10/1/2029
      1,666
   10,801
 
7.000%, 10/1/2029
     11,966
    3,691
 
7.000%, 11/1/2030
      4,132
   77,235
 
7.000%, 4/1/2032
     87,346
      685
 
7.500%, 8/1/2028
        740
      148
 
7.500%, 9/1/2028
        162
    3,121
 
7.500%, 2/1/2030
      3,472
    1,508
 
8.000%, 7/1/2030
      1,683
 
 
TOTAL
27,374,078
 
 
Government National Mortgage Association—11.9%
 
3,866,031
 
2.500%, 2/20/2051
  3,745,892
4,945,615
 
2.500%, 6/20/2051
  4,791,927
  749,235
 
3.000%, 11/20/2047
    748,138
1,224,632
 
3.500%, 1/20/2048
  1,245,955
  591,389
 
3.500%, 2/20/2048
    602,980
  248,285
 
4.500%, 6/20/2039
    260,498
  193,522
 
4.500%, 10/15/2039
    206,051
  278,840
 
4.500%, 8/20/2040
    292,835
  156,234
 
5.000%, 7/15/2034
    167,999
   18,288
 
6.000%, 4/15/2032
     19,747
   20,520
 
6.000%, 5/15/2032
     22,299
   71,782
 
6.000%, 4/15/2036
     79,223
   77,968
 
6.000%, 5/15/2036
     85,946
   78,349
 
6.000%, 5/15/2036
     86,471
3

Principal
Amount
 
 
Value
         
 
MORTGAGE-BACKED SECURITIES—continued
 
 
 
Government National Mortgage Association—continued
 
$   23,103
 
6.000%, 7/20/2036
$     25,436
   22,634
 
6.000%, 5/20/2037
     24,997
  125,008
 
6.000%, 7/20/2038
    138,415
    1,083
 
6.500%, 12/15/2023
      1,112
    2,446
 
6.500%, 5/15/2024
      2,522
    1,644
 
6.500%, 6/15/2029
      1,770
    3,519
 
6.500%, 6/15/2031
      3,778
    3,025
 
6.500%, 7/20/2031
      3,284
    2,894
 
6.500%, 8/20/2031
      3,138
   21,546
 
6.500%, 10/15/2031
     23,599
   25,495
 
6.500%, 12/15/2031
     27,823
    2,854
 
6.500%, 4/15/2032
      3,121
   19,349
 
6.500%, 5/15/2032
     21,203
  150,952
 
6.500%, 5/15/2032
    165,912
      320
 
7.500%, 10/15/2029
        352
    2,918
 
7.500%, 3/20/2030
      3,193
      855
 
8.000%, 4/15/2030
        950
 
 
TOTAL
12,806,566
 
 
TOTAL MORTGAGE-BACKED SECURITIES
(IDENTIFIED COST $61,730,015)
61,171,669
 
 
U.S. TREASURIES—20.2%
 
 
 
U.S. Treasury Bonds—5.6%
 
1,000,000
 
1.875%, 11/15/2051
    878,054
1,000,000
 
2.250%, 5/15/2041
    945,454
  500,000
 
2.250%, 2/15/2052
    479,375
  700,000
 
2.375%, 11/15/2049
    685,936
1,200,000
 
2.875%, 8/15/2045
  1,254,062
1,025,000
 
2.875%, 5/15/2049
  1,104,460
  650,000
 
3.125%, 8/15/2044
    703,968
 
 
TOTAL
6,051,309
 
 
U.S. Treasury Notes—14.6%
 
1,500,000
 
0.125%, 12/15/2023
  1,447,015
1,000,000
 
0.250%, 9/30/2025
    923,794
1,000,000
 
0.375%, 9/30/2027
    892,993
1,500,000
 
0.625%, 12/31/2027
  1,351,694
  500,000
 
1.250%, 8/15/2031
    454,551
  525,000
 
1.375%, 9/30/2023
    519,227
2,000,000
 
1.500%, 2/15/2025
  1,944,395
  750,000
 
1.875%, 2/28/2027
    730,111
  750,000
 
1.875%, 2/28/2029
    724,072
2,000,000
 
2.000%, 2/15/2023
  2,006,688
1,800,000
 
2.500%, 3/31/2023
  1,813,787
  250,000
 
2.500%, 2/28/2026
    249,665
2,500,000
 
2.750%, 7/31/2023
  2,523,241
 
 
TOTAL
15,581,233
 
 
TOTAL U.S. TREASURIES
(IDENTIFIED COST $22,324,206)
21,632,542
 
 
GOVERNMENT AGENCIES—7.4%
 
 
 
Federal Farm Credit System—1.1%
 
1,000,000
 
5.750%, 12/7/2028
  1,193,427
4

Principal
Amount
 
 
Value
 
 
GOVERNMENT AGENCIES—continued
 
 
 
Tennessee Valley Authority Bonds—6.3%
 
$1,750,000
 
0.750%, 5/15/2025
$  1,656,058
  720,000
 
1.500%, 9/15/2031
    646,932
1,700,000
 
2.875%, 2/1/2027
  1,721,723
2,000,000
 
4.650%, 6/15/2035
  2,343,623
  250,000
 
4.875%, 1/15/2048
    320,847
 
 
TOTAL
6,689,183
 
 
TOTAL GOVERNMENT AGENCIES
(IDENTIFIED COST $7,462,361)
7,882,610
 
 
COLLATERALIZED MORTGAGE OBLIGATIONS—7.2%
 
 
 
Government National Mortgage Association—0.4%
 
  386,674
 
REMIC, Series 2015-47, Class AE, 2.900%, 11/16/2055
    383,203
 
 
Non-Agency Mortgage-Backed Securities—6.8%
 
   73,940
 
Credit Suisse Mortgage Trust 2007-4, Class 4A2, 5.500%, 6/25/2037
     25,526
   94,167
 
Credit Suisse Mortgage Trust 2015-WIN1, Class A6, 3.500%, 12/25/2044
     94,312
1,100,000
 
GS Mortgage-Backed Securities 2022-PJ3, Class A4, 2.500%, 8/26/2052
  1,014,449
1,212,112
1
JP Morgan Mortgage Trust 2021-1, Class A11, 0.699% (30-DAY AVERAGE SOFR +0.650%), 6/25/2051
  1,189,481
1,381,206
 
JP Morgan Mortgage Trust 2022-1, Class A2, 3.000%, 7/25/2052
  1,314,682
1,478,316
 
JP Morgan Mortgage Trust 2022-2, Class A3, 2.500%, 8/25/2052
  1,366,114
1,294,400
 
JP Morgan Mortgage Trust 2022-3, Class A3, 2.500%, 8/25/2052
  1,195,753
1,194,935
 
Sequoia Mortgage Trust 2021-3, Class A1, 2.500%, 5/25/2051
  1,102,748
 
 
TOTAL
7,303,065
 
 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(IDENTIFIED COST $7,935,734)
7,686,268
 
 
ASSET-BACKED SECURITIES—4.0%
 
 
 
Auto Receivables—0.3%
 
  311,000
 
AmeriCredit Automobile Receivables Trust 2020-2, Class C, 1.480%, 2/18/2026
    306,177
 
 
Single Family Rental Security—0.5%
 
  605,000
 
Progress Residential Trust 2022-SFR1, Class E1, 3.930%, 2/17/2041
    583,578
 
 
Student Loans—3.2%
 
  255,241
 
Navient Student Loan Trust 2020-FA, Class A, 1.220%, 7/15/2069
    248,804
  530,771
 
Navient Student Loan Trust 2020-GA, Class A, 1.170%, 9/16/2069
    513,119
  317,752
 
Navient Student Loan Trust 2020-HA, Class A, 1.310%, 1/15/2069
    307,971
  810,028
 
Navient Student Loan Trust 2021-FA, Class A, 1.110%, 2/18/2070
    754,475
1,010,549
 
Navient Student Loan Trust 2021-GA, Class A, 1.580%, 4/15/2070
    966,032
  654,812
1
SMB Private Education Loan Trust 2020-BA, Class A1B, 1.497% (1-month USLIBOR +1.100%), 7/15/2053
    658,041
 
 
TOTAL
3,448,442
 
 
TOTAL ASSET-BACKED SECURITIES
(IDENTIFIED COST $4,487,435)
4,338,197
 
 
REPURCHASE AGREEMENT—1.9%
 
2,008,000
2
Interest in $1,592,000,000 joint repurchase agreement 0.30%, dated 3/31/2022 under which Bank of America, N.A. will
repurchase securities provided as collateral for $1,592,013,267 on 4/1/2022. The securities provided as collateral at the end of
the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to
4/20/2050 and the market value of those underlying securities was $1,623,853,532.
(IDENTIFIED COST $2,008,000)
  2,008,000
 
 
TOTAL INVESTMENT IN SECURITIES—97.8%
(IDENTIFIED COST $105,947,751)
104,719,286
 
 
OTHER ASSETS AND LIABILITIES - NET—2.2%3
2,311,304
 
 
TOTAL NET ASSETS—100%
$107,030,590
1
Floating/variable note with current rate and current maturity or next reset date shown.
2
All or a portion of these securities are segregated pending settlement of when issued and delayed delivery transaction.
3
Assets, other than investments in securities, less liabilities.
Note: The categories of investments are shown as a percentage of total net assets at March 31, 2022.
5

Investment Valuation
In calculating its net asset value (NAV), the Fund generally values investments as follows:
Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by the Fund’s Board of Trustees (the “Trustees”).
Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and asked quotations.
Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Trustees.
Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.
For securities that are fair valued in accordance with procedures established by and under the general supervision of the Trustees, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer’s financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.
If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Fund’s valuation policies and procedures, or if information furnished by a pricing service, in the opinion of the valuation committee (“Valuation Committee”), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.
Fair Valuation Procedures
The Trustees have ultimate responsibility for determining the fair value of investments for which market quotations are not readily available. The Trustees have appointed a Valuation Committee comprised of officers of the Fund, Federated Investment Management Company (the “Adviser”) and certain of the Adviser’s affiliated companies to assist in determining fair value and in overseeing the calculation of the NAV. The Trustees have also authorized the use of pricing services recommended by the Valuation Committee to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services’ policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Trustees. The Trustees periodically review and approve the fair valuations made by the Valuation Committee and any changes made to the procedures.
Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Trustees.
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1—quoted prices in active markets for identical securities.
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.
Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
As of March 31, 2022, all investments of the Fund utilized Level 2 inputs in valuing the Fund’s assets carried at fair value.
The following acronym(s) are used throughout this portfolio:
 
LIBOR
—London Interbank Offered Rate
REMIC
—Real Estate Mortgage Investment Conduit
SOFR
—Secured Overnight Financing Rate
6



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