Holdings of the Fund as of 11/25/2025
Total Number of Holdings (excluding cash): 202
| U.S. Treasury Bill, 0%, due 12/11/2025 |
|
912797QY6 |
2,000,000 |
$1,996,760.24 |
2.10% |
| Freddie Mac Series 5508, Class FE, Variable rate, due 02/25/2055 |
|
3137HJGG6 |
1,697,331 |
$1,718,563.61 |
1.80% |
| Freddie Mac Series 5502, Class FC, Variable rate, due 02/25/2055 |
|
3137HJSV0 |
1,612,956 |
$1,640,720.46 |
1.72% |
| US Dollar |
$USD |
|
1,582,559 |
$1,582,558.74 |
1.66% |
| Freddie Mac Series 5502, Class FD, Variable rate, due 02/25/2055 |
|
3137HJSW8 |
1,558,109 |
$1,573,241.30 |
1.65% |
| Pagaya AI Debt Selection Trust Series 2025-7, Class E, 8.89%, due 05/15/2033 |
|
69549DAA2 |
1,500,000 |
$1,500,324.30 |
1.58% |
| Research-Driven Pagaya Motor Asset Trust I Series 2025-1A, Class A, 5.044%, due 06/27/2033 |
|
76089YAA7 |
1,433,257 |
$1,438,518.87 |
1.51% |
| Freddie Mac Series 5266, Class FA, Variable rate, due 09/25/2052 |
|
3137H9AD1 |
1,354,541 |
$1,344,934.90 |
1.41% |
| Flagship Credit Auto Trust Series 2024-1, Class D, 6.30%, due 04/15/2030 |
|
33843VAL7 |
1,300,000 |
$1,301,703.78 |
1.37% |
| Freddie Mac - SCRT Series 2017-4, Class M, Variable rate, due 06/25/2057 |
|
35563PDJ5 |
1,302,265 |
$1,290,820.30 |
1.36% |
| GNMA Series 2024-79, Class VB, Variable rate, due 05/20/2054 |
|
38384PKG4 |
1,307,795 |
$1,291,736.96 |
1.36% |
| GS Mortgage Securities Trust Series 2024-FAIR, Class E, Variable rate, due 07/15/2029 |
|
36270JAJ4 |
1,250,000 |
$1,265,771.88 |
1.33% |
| Exeter Automobile Receivables Trust Series 2024-2A, Class E, 7.98%, due 10/15/2031 |
|
30166DAG3 |
1,154,000 |
$1,217,206.89 |
1.28% |
| Gracie Point International Funding Series 2025-1A, Class D, Variable rate, due 08/15/2028 |
|
38411WAD4 |
1,200,000 |
$1,201,302.96 |
1.26% |
| MFRA Trust Series 2024-RTL3, Class A1, Variable rate, due 11/25/2039 |
|
59319PAA4 |
1,170,000 |
$1,183,354.50 |
1.24% |
| GS Mortgage-Backed Securities Trust Series 2022-LTV1, Class A14, Variable rate, due 06/25/2052 |
|
36266VAR5 |
1,500,000 |
$1,096,132.80 |
1.15% |
| Fannie Mae Series 2025-6, Class LF, Variable rate, due 02/25/2055 |
|
3136BU3V0 |
1,036,484 |
$1,049,248.77 |
1.10% |
| GLS Auto Receivables Trust Series 2024-4A, Class E, 7.51%, due 08/15/2031 |
|
36270YAN2 |
1,005,000 |
$1,045,629.94 |
1.10% |
| Exeter Automobile Receivables Trust Series 2024-1A, Class E, 7.89%, due 08/15/2031 |
|
30167PAG5 |
994,000 |
$1,035,429.12 |
1.09% |
| Credit Suisse Mortgage Trust Series 2021-NQM8, Class B1, Variable rate, due 10/25/2066 |
|
12659FAE5 |
1,225,000 |
$1,014,689.92 |
1.07% |
| Fannie Mae Series 2023-54, Class PO, 0%, due 11/25/2053 |
|
3136BQQZ5 |
1,191,587 |
$1,016,587.50 |
1.07% |
| LMRK Issuer Co. LLC Series 2025-1A, Class A, 5.52%, due 09/15/2055 |
|
50209AAH4 |
1,000,000 |
$1,015,901.00 |
1.07% |
| CIFC Funding Ltd Series 2018-1A, Class D1R, Variable rate, due 01/18/2038 |
|
17181NAL8 |
1,000,000 |
$1,005,218.10 |
1.06% |
| Credit Suisse Mortgage Trust Series 2021-NQM7, Class B2, Variable rate, due 10/25/2066 |
|
12662QAF3 |
1,150,000 |
$1,010,434.51 |
1.06% |
| Exeter Automobile Receivables Trust Series 2025-5A, Class D, 5.16%, due 03/15/2032 |
|
30166VAL2 |
1,000,000 |
$1,006,299.40 |
1.06% |
| Towd Point Mortgage Trust Series 2017-4, Class B4, Variable rate, due 06/25/2057 |
|
89173UAH0 |
1,250,000 |
$1,007,873.38 |
1.06% |
| PRP Advisors, LLC Series 2025-6, Class M1, Variable rate, due 08/25/2030 |
|
69395KAC7 |
1,000,000 |
$1,000,092.20 |
1.05% |
| PRP Advisors, LLC Series 2025-RCF5, Class A3, Variable rate, due 10/25/2055 |
|
69384AAC2 |
1,000,000 |
$1,004,514.90 |
1.05% |
| U.S. Treasury Bill, 0%, due 12/23/2025 |
|
912797RY5 |
1,000,000 |
$997,078.75 |
1.05% |
| Verus Securitization Trust Series 2023-INV1, Class B2, Variable rate, due 02/25/2068 |
|
92539FAF0 |
1,000,000 |
$995,972.80 |
1.05% |
| Fannie Mae Series 2025-49, Class FA, Variable rate, due 06/25/2055 |
|
3136BWAF3 |
996,010 |
$993,211.35 |
1.04% |
| SFO Commerical Mortgage Trust Series 2021-555, Class D, Variable rate, due 05/15/2038 |
|
78432WAG8 |
1,000,000 |
$992,381.50 |
1.04% |
| Fannie Mae Series 2023-51, Class PO, 0%, due 11/25/2053 |
|
3136BQPQ6 |
1,053,474 |
$923,861.03 |
0.97% |
| GNMA Series 2025-4, Class FY, Variable rate, due 01/20/2055 |
|
38385CCE6 |
913,727 |
$923,146.96 |
0.97% |
| Gracie Point International Funding Series 2025-1A, Class A, Variable rate, due 08/15/2028 |
|
38411WAA0 |
920,000 |
$920,844.56 |
0.97% |
| Morgan Stanley Capital I Trust Series 2019-L2, Class C, Variable rate, due 03/15/2052 |
|
61768HBB1 |
1,000,000 |
$883,050.00 |
0.93% |
| Ellington Financial Mortgage Trust Series 2025-RTL1, Class M2, Variable rate, due 11/25/2040 |
|
26846FAD1 |
860,000 |
$864,425.73 |
0.91% |
| New Residential Mortgage Loan Trust Series 2021-NQ1R, Class B2, Variable rate, due 07/25/2055 |
|
64828BAF8 |
930,000 |
$844,619.03 |
0.89% |
| New Residential Mortgage Loan Trust Series 2024-NQM1, Class B2, Variable rate, due 03/25/2064 |
|
64828DAF4 |
785,000 |
$808,358.30 |
0.85% |
| Exeter Automobile Receivables Trust Series 2025-2A, Class E, 7.81%, due 10/15/2032 |
|
30168JAG8 |
750,000 |
$777,971.70 |
0.82% |
| Exeter Select Automobile Receivables Trust Series 2025-1, Class D, 6.14%, due 09/15/2031 |
|
30185AAF8 |
750,000 |
$778,021.13 |
0.82% |
| GNMA Series 2025-100, Class JS, Variable rate, due 06/20/2055 |
|
38385G2J7 |
769,653 |
$770,767.86 |
0.81% |
| Mill City Mortgage Trust Series 2019-GS2, Class B2, Variable rate, due 08/25/2059 |
|
59981TAS4 |
1,025,000 |
$769,740.46 |
0.81% |
| Research-Driven Pagaya Motor Asset Trust I Series 2025-5A, Class E, 9.218%, due 06/26/2034 |
|
76089LAA5 |
750,000 |
$766,565.57 |
0.80% |
| Toorak Mortgage Corp. Series 2024-2, Class A2, Variable rate, due 10/25/2031 |
|
89055KAB8 |
750,000 |
$757,394.85 |
0.80% |
| BMO Mortgage Trust Series 2025-C13, Class XA, Variable rate, due 10/15/2058 |
|
05592YAE8 |
9,499,531 |
$751,306.51 |
0.79% |
| BX Trust Series 2021-ARIA, Class E, Variable rate, due 10/15/2036 |
|
05608RAL9 |
750,000 |
$749,915.40 |
0.79% |
| Freddie Mac Series 5435, Class BS, Variable rate, due 07/25/2054 |
|
3137HDTC4 |
780,990 |
$746,199.98 |
0.78% |
| Pretium Mortgage Credit Partners LLC Series 2025-NPL6, Class A1, Variable rate, due 06/25/2055 |
|
740936AA7 |
700,815 |
$704,129.59 |
0.74% |
| Wells Fargo Commercial Mortgage Trust Series 2021-C60, Class XA, Variable rate, due 08/15/2054 |
|
95003DBP2 |
10,882,430 |
$666,657.65 |
0.70% |
| Homeward Opportunities Fund I Trust Series 2024-RRTL2, Class M2, Variable rate, due 09/25/2039 |
|
43789GAF8 |
654,000 |
$653,936.63 |
0.69% |
| Island Finance Trust 2025-1 Series 2025-1A, Class B, 7.95%, due 03/19/2035 |
|
463920AB4 |
650,000 |
$661,044.02 |
0.69% |
| Ellington Financial Mortgage Trust Series 2025-RTL1, Class M1, Variable rate, due 11/25/2040 |
|
26846FAC3 |
640,000 |
$643,322.24 |
0.68% |
| BX Trust Series 2025-DELC, Class E, Variable rate, due 12/15/2030 |
|
05594MAJ1 |
600,000 |
$600,750.00 |
0.63% |
| Freddie Mac - STACR Series 2025-DNA4, Class M2, Variable rate, due 10/25/2045 |
|
35564UBS5 |
600,000 |
$601,752.24 |
0.63% |
| PRP Advisors, LLC Series 2025-RCF6, Class M1, Variable rate, due 12/25/2055 |
|
69393BAD7 |
600,000 |
$595,617.24 |
0.63% |
| RCO Mortgage LLC Series 2025-4, Class A1, Variable rate, due 10/25/2030 |
|
74939VAA0 |
600,000 |
$599,168.76 |
0.63% |
| Verus Securitization Trust Series 2022-1, Class B1, Variable rate, due 01/25/2067 |
|
92538WAE7 |
735,000 |
$595,690.53 |
0.63% |
| VCAT Asset Securitization, LLC Series 2025-NPL1, Class A1, Variable rate, due 01/25/2055 |
|
921962AA4 |
575,013 |
$577,176.69 |
0.61% |
| Fannie Mae FN MA4271, 1.50%, due 02/01/2051 |
|
31418DW99 |
751,396 |
$571,111.38 |
0.60% |
| Vertical Bridge CC, LLC Series 2025-1A, Class C, 7.446%, due 08/16/2055 |
|
92535VAU6 |
550,000 |
$561,898.10 |
0.59% |
| COMM Mortgage Trust Series 2024-CBM, Class G, Variable rate, due 12/10/2041 |
|
12674GAS3 |
600,000 |
$542,013.73 |
0.57% |
| REMIC FUNDING TRUST 98-1 Series 2025-2, Class A, Variable rate, due 05/27/2055 |
|
75806EAA5 |
518,122 |
$521,670.20 |
0.55% |
| Verus Securitization Trust Series 2024-INV2, Class B2, Variable rate, due 08/26/2069 |
|
92540NAF0 |
510,000 |
$512,445.04 |
0.54% |
| BX Trust Series 2025-VOLT, Class A, Variable rate, due 12/15/2044 |
|
05619PAA4 |
500,000 |
$500,916.50 |
0.53% |
| Easy Street Mortgage Loan Trust Series 2025-RTL2, Class A1, Variable rate, due 10/25/2040 |
|
27786YAA6 |
500,000 |
$501,542.90 |
0.53% |
| Exeter Select Automobile Receivables Trust Series 2025-3, Class C, 5%, due 03/15/2032 |
|
30185FAE0 |
500,000 |
$501,709.90 |
0.53% |
| Exeter Select Automobile Receivables Trust Series 2025-3, Class D, 5.54%, due 05/17/2032 |
|
30185FAF7 |
500,000 |
$502,512.70 |
0.53% |
| Fannie Mae - CAS Series 2022-R06, Class 1B2, Variable rate, due 05/25/2042 |
|
20754NAR6 |
445,000 |
$500,222.28 |
0.53% |
| Freddie Mac - STACR Series 2024-DNA2, Class M2, Variable rate, due 05/25/2044 |
|
35564NDA8 |
500,000 |
$502,242.00 |
0.53% |
| GLS Auto Select Receivables Trust Series 2025-4A, Class C, 5.14%, due 12/15/2031 |
|
36273DAD7 |
500,000 |
$504,420.70 |
0.53% |
| LMRK Issuer Co. LLC Series 2025-1A, Class C, 8.12%, due 09/15/2055 |
|
50209AAK7 |
500,000 |
$506,318.50 |
0.53% |
| Pretium Mortgage Credit Partners LLC Series 2025-NPL9, Class A2, Variable rate, due 08/25/2055 |
|
740937AB3 |
500,000 |
$502,369.40 |
0.53% |
| PRP Advisors, LLC Series 2025-8, Class A2, Variable rate, due 10/25/2030 |
|
69383BAB3 |
500,000 |
$501,828.85 |
0.53% |
| Whitebox CLO Ltd Series 2020-2A, Class E1R2, Variable rate, due 10/24/2037 |
|
96466EAJ3 |
500,000 |
$508,119.72 |
0.53% |
| Whitebox CLO Ltd Series 2025-5A, Class D2, Variable rate, due 07/20/2038 |
|
96467PAL2 |
500,000 |
$503,125.70 |
0.53% |
| Diameter Capital CLO Series 2023-5A, Class DR, Variable rate, due 01/15/2039 |
|
25255TAG0 |
500,000 |
$498,060.20 |
0.52% |
| Fannie Mae - CAS Series 2021-R02, Class 2B2, Variable rate, due 11/25/2041 |
|
20754KAJ0 |
475,000 |
$494,384.13 |
0.52% |
| Fannie Mae - CAS Series 2021-R03, Class 1B2, Variable rate, due 12/25/2041 |
|
20754AAJ2 |
480,000 |
$498,304.37 |
0.52% |
| RCO Mortgage LLC Series 2025-1, Class A1, Variable rate, due 01/25/2030 |
|
75523XAA5 |
492,958 |
$494,442.89 |
0.52% |
| Saluda Grade Alternative Mortgage Trust Series 2025-RRTL1, Class M2, Variable rate, due 10/25/2040 |
|
79582NAD1 |
500,000 |
$494,722.90 |
0.52% |
| SFO Commerical Mortgage Trust Series 2021-555, Class A, Variable rate, due 05/15/2038 |
|
78432WAA1 |
500,000 |
$497,399.85 |
0.52% |
| U.S. Treasury Bill, 0%, due 12/09/2025 |
|
912797RW9 |
500,000 |
$499,295.93 |
0.52% |
| PRP Advisors, LLC Series 2025-7, Class A1, Variable rate, due 08/25/2030 |
|
69382YAA6 |
483,409 |
$485,334.10 |
0.51% |
| Saluda Grade Alternative Mortgage Trust Series 2025-NPL1, Class A1, Variable rate, due 01/25/2030 |
|
79582BAA3 |
485,052 |
$487,472.37 |
0.51% |
| Farmer Mac Agricultural Real Estate Trust Series 2024-1, Class B, Variable rate, due 10/01/2053 |
|
30335JAE1 |
529,275 |
$471,221.12 |
0.49% |
| CoreVest American Finance Ltd Series 2021-2, Class A, 1.408%, due 07/15/2054 |
|
21873BAA3 |
471,232 |
$457,191.17 |
0.48% |
| REMIC FUNDING TRUST 98-1 Series 2025-3, Class A, 6.231%, due 12/27/2056 |
|
75806GAA0 |
455,357 |
$459,674.57 |
0.48% |
| Bank Series 2020-BN25, Class A5, 2.649%, due 01/15/2063 |
|
06539WBB1 |
478,000 |
$445,895.85 |
0.47% |
| Cross Mortgage Trust Series 2025-H6, Class B1B, Variable rate, due 07/25/2070 |
|
22758TAH7 |
450,000 |
$447,543.81 |
0.47% |
| LHOME Mortgage Trust Series 2024-RTL2, Class A2, Variable rate, due 03/25/2029 |
|
50205JAB2 |
445,000 |
$449,348.41 |
0.47% |
| New Residential Mortgage Loan Trust Series 2024-NQM3, Class B2, Variable rate, due 11/25/2064 |
|
647910AH1 |
440,000 |
$434,192.18 |
0.46% |
| BWAY Mortgage Trust Series 2025-1535, Class A, Variable rate, due 05/05/2030 |
|
12430BAA8 |
415,000 |
$432,759.05 |
0.45% |
| Deephaven Residential Mortgage Trust Series 2022-1, Class B1, Variable rate, due 01/25/2067 |
|
24382JAE6 |
500,000 |
$432,764.25 |
0.45% |
| AGL CLO 19 Ltd Series 2022-19A, Class ER, Variable rate, due 07/21/2038 |
|
001211AG6 |
415,000 |
$414,986.36 |
0.44% |
| NRTH PARK Mortgage Trust Series 2025-PARK, Class A, Variable rate, due 10/15/2040 |
|
669985AA1 |
400,000 |
$400,593.92 |
0.42% |
| Pagaya AI Debt Selection Trust Series 2025-5, Class C, 5.64%, due 03/15/2033 |
|
69548WAD5 |
400,000 |
$402,933.20 |
0.42% |
| RCO Mortgage LLC Series 2025-4, Class A2, Variable rate, due 10/25/2030 |
|
74939VAB8 |
400,000 |
$399,056.80 |
0.42% |
| Sixth Street CLO LTD. Series 2021-18A, Class FR, Variable rate, due 10/17/2038 |
|
83012JAG5 |
400,000 |
$402,413.82 |
0.42% |
| BRAVO Residential Funding Trust Series 2024-NQM5, Class B1, Variable rate, due 06/25/2064 |
|
105925AE1 |
380,000 |
$386,869.49 |
0.41% |
| Verus Securitization Trust Series 2024-3, Class B1, Variable rate, due 04/25/2069 |
|
92540MAE5 |
385,000 |
$394,342.49 |
0.41% |
| Pretium Mortgage Credit Partners LLC Series 2025-NPL11, Class A2, Variable rate, due 10/25/2055 |
|
69383AAB5 |
375,000 |
$375,913.65 |
0.39% |
| Exeter Select Automobile Receivables Trust Series 2025-1, Class E, 8.44%, due 12/15/2032 |
|
30185AAG6 |
337,000 |
$353,460.16 |
0.37% |
| Morgan Stanley Residential Mortgage Loan Trust Series 2025-SPL1, Class M1, Variable rate, due 02/25/2065 |
|
617946AF5 |
380,000 |
$356,522.99 |
0.37% |
| Bank Series 2023-BNK46, Class XA, Variable rate, due 08/15/2056 |
|
06541DCD4 |
10,007,584 |
$340,616.12 |
0.36% |
| Barclays Commercial Mortgage Securities LLC Series 2018-TALL, Class A, Variable rate, due 03/15/2037 |
|
05548WAA5 |
368,000 |
$347,491.07 |
0.36% |
| Saluda Grade Alternative Mortgage Trust Series 2024-INV1, Class B1, Variable rate, due 08/25/2059 |
|
795924AE9 |
325,000 |
$335,648.19 |
0.35% |
| Visio Trust Series 2023-2, Class M1, Variable rate, due 10/25/2058 |
|
92839CAD9 |
330,000 |
$333,723.32 |
0.35% |
| Freddie Mac Series 5460, Class FN, Variable rate, due 10/25/2054 |
|
3137HFSC0 |
327,435 |
$328,296.09 |
0.34% |
| PRP Advisors, LLC Series 2025-RPL3, Class M1, Variable rate, due 04/25/2055 |
|
69392NAD2 |
350,000 |
$326,912.11 |
0.34% |
| Verus Securitization Trust Series 2025-1, Class B1, Variable rate, due 01/25/2070 |
|
92540TAE0 |
315,000 |
$321,000.34 |
0.34% |
| Hartwick Park CLO, Ltd. Series 2023-1A, Class DR, Variable rate, due 01/20/2037 |
|
417403AU6 |
310,000 |
$311,442.75 |
0.33% |
| NYO Commercial Mortgage Trust Series 2021-1290, Class D, Variable rate, due 11/15/2038 |
|
62955HAJ6 |
320,000 |
$315,166.27 |
0.33% |
| CALI Mortgage Trust Series 2024-SUN, Class D, Variable rate, due 07/15/2041 |
|
12988DAG7 |
300,000 |
$301,755.33 |
0.32% |
| Island Finance Trust 2025-1 Series 2025-1A, Class C, 10%, due 03/19/2035 |
|
463920AC2 |
300,000 |
$306,374.58 |
0.32% |
| MCR Mortgage Trust Series 2024-TWA, Class E, 8.725%, due 06/12/2039 |
|
582923AE8 |
300,000 |
$304,715.37 |
0.32% |
| Morgan Stanley Capital I Trust Series 2019-L2, Class XA, Variable rate, due 03/15/2052 |
|
61768HAX4 |
11,235,191 |
$300,895.26 |
0.32% |
| Pretium Mortgage Credit Partners LLC Series 2025-NPL6, Class A2, Variable rate, due 06/25/2055 |
|
740936AB5 |
300,000 |
$302,532.96 |
0.32% |
| Verus Securitization Trust Series 2021-R2, Class B2, Variable rate, due 02/25/2064 |
|
92538DAG4 |
375,000 |
$300,953.06 |
0.32% |
| Bank Series 2021-BN31, Class XB, Variable rate, due 02/15/2054 |
|
06541ABN9 |
7,500,000 |
$295,736.78 |
0.31% |
| Pretium Mortgage Credit Partners LLC Series 2025-NPL7, Class A1, Variable rate, due 07/25/2055 |
|
740934AA2 |
293,088 |
$294,013.21 |
0.31% |
| PRP Advisors, LLC Series 2024-RPL4, Class M2, Variable rate, due 12/25/2054 |
|
74448MAE6 |
325,000 |
$294,848.42 |
0.31% |
| Verus Securitization Trust Series 2021-5, Class B2, Variable rate, due 09/25/2066 |
|
92538KAF0 |
367,000 |
$289,045.93 |
0.30% |
| CoreVest American Finance Ltd Series 2021-1, Class A, 1.569%, due 04/15/2053 |
|
21873LAA1 |
279,664 |
$275,843.74 |
0.29% |
| Ellington Financial Mortgage Trust Series 2019-2, Class M1, Variable rate, due 11/25/2059 |
|
31573TAD0 |
289,000 |
$280,433.87 |
0.29% |
| JP Morgan Mortgage Trust Series 2020-INV1, Class A15, Variable rate, due 08/25/2050 |
|
46591VBH1 |
301,069 |
$273,657.98 |
0.29% |
| LHOME Mortgage Trust Series 2024-RTL3, Class M, 10.728%, due 05/25/2029 |
|
50205GAC6 |
275,000 |
$277,912.14 |
0.29% |
| New York Mortgage Trust Series 2025-R1, Class A, Variable rate, due 02/25/2030 |
|
67120XAA9 |
270,368 |
$271,429.67 |
0.29% |
| Research-Driven Pagaya Motor Asset Trust I Series 2025-3A, Class A2, 5.149%, due 02/27/2034 |
|
76090QAB9 |
275,000 |
$277,094.10 |
0.29% |
| COLT Funding LLC Series 2021-HX1, Class B3A, Variable rate, due 10/25/2066 |
|
19688KAG9 |
340,000 |
$264,119.96 |
0.28% |
| CSAIL Commercial Mortgage Trust Series 2015-C3, Class B, Variable rate, due 08/15/2048 |
|
12635FAY0 |
285,000 |
$268,128.57 |
0.28% |
| PRP Advisors, LLC Series 2025-RCF4, Class M2, Variable rate, due 08/25/2055 |
|
69382WAF9 |
290,000 |
$268,961.66 |
0.28% |
| Silver Point CLO, Ltd Series 2025-11A, Class F, Variable rate, due 07/15/2038 |
|
82809YAC0 |
275,000 |
$269,580.23 |
0.28% |
| Verus Securitization Trust Series 2024-2, Class B1, Variable rate, due 02/25/2069 |
|
92539UAE0 |
265,000 |
$269,648.21 |
0.28% |
| Apidos CLO Ltd Series 2018-29A, Class D2R, Variable rate, due 07/25/2038 |
|
03767MBA5 |
260,000 |
$261,363.59 |
0.27% |
| BRAVO Residential Funding Trust Series 2024-NQM6, Class B1, Variable rate, due 08/01/2064 |
|
05613JAG1 |
255,000 |
$259,186.21 |
0.27% |
| Ellington Financial Mortgage Trust Series 2024-INV1, Class B2, Variable rate, due 03/25/2069 |
|
268434AF4 |
258,000 |
$256,670.06 |
0.27% |
| Farmer Mac Agricultural Real Estate Trust Serues 2021-1, Class B, Variable rate, due 07/25/2051 |
|
30768WAC2 |
322,968 |
$253,687.15 |
0.27% |
| LHOME Mortgage Trust Series 2024-RTL2, Class M, Variable rate, due 03/25/2029 |
|
50205JAC0 |
255,000 |
$258,242.27 |
0.27% |
| Magnetite CLO Ltd Series 2020-27A, Class FRR, Variable rate, due 10/20/2038 |
|
55955FAJ4 |
260,000 |
$259,783.50 |
0.27% |
| Morgan Stanley Residential Mortgage Loan Trust Series 2025-SPL1, Class B1, Variable rate, due 02/25/2065 |
|
617946AG3 |
290,000 |
$258,084.22 |
0.27% |
| NMLT Trust Series 2021-INV2, Class B1, Variable rate, due 08/25/2056 |
|
62917JAE0 |
334,000 |
$260,823.51 |
0.27% |
| Pagaya AI Debt Selection Trust Series 2024-10, Class E, 10.412%, due 06/15/2032 |
|
69546UAA7 |
248,536 |
$256,137.59 |
0.27% |
| REMIC FUNDING TRUST 98-1 Series 2025-3, Class B, 7.749%, due 12/27/2056 |
|
75806GAB8 |
255,000 |
$257,361.61 |
0.27% |
| Rockland Park CLO Ltd Series 2021-1A, Class FR, Variable rate, due 07/20/2038 |
|
77366PAK6 |
260,000 |
$259,984.49 |
0.27% |
| Saluda Grade Alternative Mortgage Trust Series 2024-RTL4, Class A2, Variable rate, due 02/25/2030 |
|
79584CAB7 |
255,000 |
$254,974.60 |
0.27% |
| SHR Trust Series 2024-LXRY, Class E, Variable rate, due 10/15/2041 |
|
784234AJ5 |
250,000 |
$252,688.80 |
0.27% |
| Diameter Capital CLO Series 2023-5A, Class C2R, Variable rate, due 01/15/2039 |
|
25255RAU3 |
250,000 |
$250,176.28 |
0.26% |
| Neuberger Berman CLO Ltd Series 2020-39A, Class ER, Variable rate, due 04/20/2038 |
|
64134FAL5 |
250,000 |
$250,517.31 |
0.26% |
| Research-Driven Pagaya Motor Asset Trust I Series 2025-5A, Class C, 5.473%, due 06/26/2034 |
|
76089KAE9 |
250,000 |
$251,470.68 |
0.26% |
| Research-Driven Pagaya Motor Asset Trust I Series 2025-5A, Class D, 6.012%, due 06/26/2034 |
|
76089KAF6 |
250,000 |
$250,437.05 |
0.26% |
| Verus Securitization Trust Series 2024-6, Class B1, Variable rate, due 07/25/2069 |
|
92540JAE2 |
248,000 |
$250,885.65 |
0.26% |
| FHLMC Multifamily Structured Pass Through Certs. Series K755, Class X3, Variable rate, due 02/25/2059 |
|
3137HCKN1 |
940,000 |
$233,123.29 |
0.24% |
| PRP Advisors, LLC Series 2025-2, Class A1, Variable rate, due 05/25/2030 |
|
69382HAA3 |
227,454 |
$228,191.56 |
0.24% |
| Pagaya AI Debt Selection Trust Series 2024-8, Class D, 6.526%, due 01/15/2032 |
|
69544QAD2 |
197,914 |
$199,513.98 |
0.21% |
| Wells Fargo Commercial Mortgage Trust Series 2021-C59, Class XA, Variable rate, due 04/15/2054 |
|
95003CBU3 |
3,375,058 |
$193,695.28 |
0.20% |
| Barclays Commercial Mortgage Securities LLC Series 2024-5C25, Class XA, Variable rate, due 03/15/2057 |
|
05554VAC4 |
4,999,139 |
$174,602.43 |
0.18% |
| BENCHMARK Mortgage Trust Series 2024-V6, Class XA, Variable rate, due 10/15/2028 |
|
081927AC9 |
4,437,742 |
$173,112.31 |
0.18% |
| BENCHMARK Mortgage Trust Series 2019-B13, Class XA, Variable rate, due 08/15/2057 |
|
08162DAF5 |
4,941,527 |
$158,302.32 |
0.17% |
| BWAY Mortgage Trust Series 2025-1535, Class B, Variable rate, due 05/05/2030 |
|
12430BAE0 |
155,000 |
$163,443.90 |
0.17% |
| BENCHMARK Mortgage Trust Series 2021-B29, Class XA, Variable rate, due 09/15/2054 |
|
08163JAG9 |
4,260,274 |
$151,316.00 |
0.16% |
| JP Morgan Chase Commercial Mortgage Sec Trust Series 2019-COR5, Class XA, Variable rate, due 06/13/2052 |
|
46591EAY3 |
4,185,889 |
$153,303.18 |
0.16% |
| Verus Securitization Trust Series 2025-INV1, Class B1, Variable rate, due 02/25/2070 |
|
924929AG7 |
150,000 |
$151,700.28 |
0.16% |
| Pagaya AI Debt Selection Trust Series 2024-3, Class D, 9%, due 10/15/2031 |
|
69547XAD4 |
133,330 |
$134,270.30 |
0.14% |
| Pagaya AI Debt Selection Trust Series 2024-2, Class C, 7.573%, due 08/15/2031 |
|
694961AC7 |
118,412 |
$119,267.75 |
0.13% |
| Verus Securitization Trust Series 2024-5, Class B1, Variable rate, due 06/25/2069 |
|
92540HAE6 |
125,000 |
$128,441.48 |
0.13% |
| Barclays Commercial Mortgage Securities LLC Series 2020-C6, Class XA, Variable rate, due 02/15/2053 |
|
05492TAE0 |
3,303,847 |
$113,535.70 |
0.12% |
| GMRF Mortgage Acquisition Co., LLC Series 2018-2, Class B2, Variable rate, due 10/25/2058 |
|
36418GBX1 |
121,029 |
$118,280.58 |
0.12% |
| MCR Mortgage Trust Series 2024-TWA, Class F, 10.382%, due 06/12/2039 |
|
582923AF5 |
115,000 |
$117,918.08 |
0.12% |
| Morgan Stanley Capital I Trust Series 2019-L3, Class XA, Variable rate, due 11/15/2052 |
|
61691UBF5 |
5,627,948 |
$115,222.66 |
0.12% |
| CFCRE Commercial Mortgage Trust Series 2017-C8, Class XA, Variable rate, due 06/15/2050 |
|
12532CBE4 |
7,516,865 |
$103,831.96 |
0.11% |
| GNMA Series 2024-32, Class IO, Variable rate, due 06/16/2063 |
|
38381J2J5 |
1,899,174 |
$98,250.71 |
0.10% |
| Fannie Mae Series 2016-63, Class AF, Variable rate, due 09/25/2046 |
|
3136ATXX7 |
82,142 |
$81,391.94 |
0.09% |
| Freddie Mac Multiclass Certificates Series 2020-RR07, Class AX, Variable rate, due 09/27/2028 |
|
3137FRVC2 |
1,500,000 |
$82,929.90 |
0.09% |
| GLS Auto Receivables Trust Series 2025-3A, Class A1, 4.494%, due 07/15/2026 |
|
37989YAA0 |
88,839 |
$88,850.38 |
0.09% |
| Bank Series 2019-BN21, Class XA, Variable rate, due 10/17/2052 |
|
06540BBE8 |
2,809,353 |
$71,199.13 |
0.07% |
| BENCHMARK Mortgage Trust Series 2020-B20, Class XA, Variable rate, due 10/15/2053 |
|
08162XBJ2 |
1,303,712 |
$65,553.39 |
0.07% |
| GS Mortgage Securities Trust Series 2020-GC47, Class XA, Variable rate, due 05/12/2053 |
|
36258RBC6 |
1,644,762 |
$65,935.73 |
0.07% |
| Barclays Commercial Mortgage Securities LLC Series 2020-C7, Class XA, Variable rate, due 04/15/2053 |
|
05492VAG0 |
1,245,328 |
$55,426.46 |
0.06% |
| Bank Series 2019-BN16, Class XA, Variable rate, due 02/15/2052 |
|
065405AJ1 |
2,084,779 |
$47,481.25 |
0.05% |
| FNA VI LLC Series 2021-1A, Class A, Variable rate, due 01/10/2032 |
|
34411YAA5 |
33,266 |
$31,196.34 |
0.03% |
| Bank Series 2019-BN22, Class XA, Variable rate, due 11/15/2062 |
|
06540XBH3 |
1,048,822 |
$21,241.26 |
0.02% |
| Bank Series 2019-BN24, Class XA, Variable rate, due 11/15/2062 |
|
06540VBC8 |
970,051 |
$22,121.91 |
0.02% |
| GS Mortgage Securities Trust Series 2020-GC45, Class XA, Variable rate, due 02/13/2053 |
|
36258YBJ6 |
925,460 |
$19,097.05 |
0.02% |
| 2026-02-20 US 5YR NOTE (CBT) Mar26 C 109 |
FVH6C 109 |
|
4 |
$4,968.76 |
0.01% |
| 2026-02-20 US 10YR NOTE (CBT)Mar26 C 112.50 |
TYH6C 112.5 |
|
2 |
$3,406.25 |
0.00% |
| 2026-02-20 US 10YR NOTE (CBT)Mar26 P 112.50 |
TYH6P 112.5 |
|
4 |
$2,437.51 |
0.00% |
| 2026-02-20 US 5YR NOTE (CBT) Mar26 C 109.25 |
FVH6C 109.25 |
|
2 |
$2,140.63 |
0.00% |
| 2026-02-20 US 5YR NOTE (CBT) Mar26 C 109.75 |
FVH6C 109.75 |
|
2 |
$1,578.13 |
0.00% |
| 2026-02-20 US 5YR NOTE (CBT) Mar26 P 109 |
FVH6P 109 |
|
4 |
$1,250.00 |
0.00% |
| 2026-02-20 US 5YR NOTE (CBT) Mar26 P 109.25 |
FVH6P 109.25 |
|
2 |
$781.25 |
0.00% |
| 2026-02-20 US 5YR NOTE (CBT) Mar26 P 109.75 |
FVH6P 109.75 |
|
2 |
$1,203.13 |
0.00% |
| 2026-02-20 US LONG BOND(CBT) Mar26 P 105 |
USH6P 105 |
|
22 |
$2,406.28 |
0.00% |
| 2026-02-20 US LONG BOND(CBT) Mar26 P 110 |
USH6P 110 |
|
4 |
$1,250.00 |
0.00% |
| 2026-12-11 3 MONTH SOFR FUT Dec26 C 96.75 |
SFRZ6C 96.75 |
|
1 |
$1,093.75 |
0.00% |
| 2026-12-11 3 MONTH SOFR FUT Dec26 P 96.75 |
SFRZ6P 96.75 |
|
1 |
$456.25 |
0.00% |
| US 10YR NOTE (CBT)Mar26 |
TYH6 |
|
84 |
$9,541,875.00 |
0.00% |
| US 10yr Ultra Fut Mar26 |
UXYH6 |
|
20 |
$2,327,187.50 |
0.00% |
| US 2YR NOTE (CBT) Mar26 |
TUH6 |
|
25 |
$5,225,585.95 |
0.00% |
| US 5YR NOTE (CBT) Mar26 |
FVH6 |
|
104 |
$11,433,500.00 |
0.00% |
| US LONG BOND(CBT) Mar26 |
USH6 |
|
-55 |
($6,472,812.50) |
0.00% |
| US ULTRA BOND CBT Mar26 |
WNH6 |
|
-13 |
($1,576,250.00) |
0.00% |
| 2026-02-20 US 10YR NOTE (CBT)Mar26 C 115.50 |
TYH6C 115.5 |
|
-26 |
($11,781.25) |
-0.01% |
| 2026-02-20 US 10YR NOTE (CBT)Mar26 P 110.50 |
TYH6P 110.5 |
|
-26 |
($4,875.00) |
-0.01% |
| 2026-02-20 US LONG BOND(CBT) Mar26 P 112 |
USH6P 112 |
|
-19 |
($9,500.00) |
-0.01% |
| 2026-02-20 US LONG BOND(CBT) Mar26 C 121 |
USH6C 121 |
|
-18 |
($17,437.50) |
-0.02% |
| Fannie Mae or Freddie Mac TBA, 4.50%, due 07/01/2054 |
|
01F042616 |
-580,000 |
($567,927.83) |
-0.60% |
| Fannie Mae or Freddie Mac TBA, 3%, due 02/01/2052 |
|
01F030611 |
-710,000 |
($632,104.11) |
-0.66% |
| Fannie Mae or Freddie Mac TBA, 3.50%, due 03/01/2052 |
|
01F032617 |
-711,000 |
($658,177.00) |
-0.69% |
Holdings are subject to change.
The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.
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