Holdings of the Fund as of 6/27/2025
Total Number of Holdings (excluding cash): 62
| Farmer Mac Agricultural Real Estate Trust Series 2024-1, Class B, Variable rate, due 10/01/2053 |
|
30335JAE1 |
556,510 |
$489,901.79 |
3.42% |
| LHOME Mortgage Trust Series 2024-RTL2, Class A2, Variable rate, due 03/25/2029 |
|
50205JAB2 |
445,000 |
$449,522.31 |
3.14% |
| Island Finance Trust 2025-1 Series 2025-1A, Class B, 7.95%, due 03/19/2035 |
|
463920AB4 |
400,000 |
$410,361.92 |
2.87% |
| BX Trust Series 2020-VIVA, Class D, Variable rate, due 03/11/2044 |
|
12433XAG4 |
400,000 |
$365,138.52 |
2.55% |
| BX Trust Series 2021-ARIA, Class E, Variable rate, due 10/15/2036 |
|
05608RAL9 |
350,000 |
$349,396.04 |
2.44% |
| Morgan Stanley Capital I Trust Series 2019-L2, Class XA, Variable rate, due 03/15/2052 |
|
61768HAX4 |
11,276,182 |
$341,796.87 |
2.39% |
| Freddie Mac Series 5460, Class FN, Variable rate, due 10/25/2054 |
|
3137HFSC0 |
340,022 |
$337,582.28 |
2.36% |
| Bank Series 2021-BN31, Class XB, Variable rate, due 02/15/2054 |
|
06541ABN9 |
7,500,000 |
$315,676.87 |
2.20% |
| NYO Commercial Mortgage Trust Series 2021-1290, Class D, Variable rate, due 11/15/2038 |
|
62955HAJ6 |
320,000 |
$314,405.66 |
2.20% |
| Hartwick Park CLO, Ltd. Series 2023-1A, Class DR, Variable rate, due 01/20/2037 |
|
417403AU6 |
310,000 |
$310,697.84 |
2.17% |
| Pagaya AI Debt Selection Trust Series 2024-10, Class E, 10.412%, due 06/15/2032 |
|
69546UAA7 |
299,975 |
$306,872.03 |
2.14% |
| MCR Mortgage Trust Series 2024-TWA, Class E, 8.725%, due 06/12/2039 |
|
582923AE8 |
300,000 |
$303,837.12 |
2.12% |
| Island Finance Trust 2025-1 Series 2025-1A, Class C, 10%, due 03/19/2035 |
|
463920AC2 |
300,000 |
$302,441.04 |
2.11% |
| CALI Mortgage Trust Series 2024-SUN, Class D, Variable rate, due 07/15/2041 |
|
12988DAG7 |
300,000 |
$301,282.86 |
2.10% |
| Pretium Mortgage Credit Partners LLC Series 2025-NPL6, Class A2, Variable rate, due 06/25/2055 |
|
740936AB5 |
300,000 |
$300,809.97 |
2.10% |
| PRP Advisors, LLC Series 2024-RPL4, Class M2, Variable rate, due 12/25/2054 |
|
74448MAE6 |
325,000 |
$285,568.50 |
1.99% |
| Verus Securitization Trust Series 2021-R2, Class B2, Variable rate, due 02/25/2064 |
|
92538DAG4 |
375,000 |
$285,273.94 |
1.99% |
| Fannie Mae or Freddie Mac TBA, 3%, due 02/01/2052 |
|
01F030678 |
322,000 |
$277,673.96 |
1.94% |
| LHOME Mortgage Trust Series 2024-RTL3, Class M, 10.728%, due 05/25/2029 |
|
50205GAC6 |
275,000 |
$276,398.65 |
1.93% |
| Pagaya AI Debt Selection Trust Series 2024-3, Class D, 9%, due 10/15/2031 |
|
69547XAD4 |
271,359 |
$274,257.31 |
1.92% |
| Ellington Financial Mortgage Trust Series 2019-2, Class M1, Variable rate, due 11/25/2059 |
|
31573TAD0 |
289,000 |
$272,138.30 |
1.90% |
| Hudson Yards Series 2019-30HY, Class E, Variable rate, due 07/10/2039 |
|
44421GAL7 |
300,000 |
$270,570.87 |
1.89% |
| BX Trust Series 2019-IMC, Class F, Variable rate, due 04/15/2034 |
|
05608BAQ3 |
275,000 |
$268,992.93 |
1.88% |
| Verus Securitization Trust Series 2021-5, Class B2, Variable rate, due 09/25/2066 |
|
92538KAF0 |
367,000 |
$268,746.06 |
1.88% |
| CSAIL Commercial Mortgage Trust Series 2015-C3, Class B, Variable rate, due 08/15/2048 |
|
12635FAY0 |
285,000 |
$267,040.70 |
1.87% |
| Apidos CLO Ltd Series 2018-29A, Class D2R, Variable rate, due 07/25/2038 |
|
03767MBA5 |
260,000 |
$261,333.80 |
1.83% |
| Exeter Automobile Receivables Trust Series 2024-1A, Class E, 7.89%, due 08/15/2031 |
|
30167PAG5 |
250,000 |
$260,827.85 |
1.82% |
| Silver Point CLO, Ltd Series 2025-11A, Class F, Variable rate, due 07/15/2038 |
|
82809YAC0 |
275,000 |
$261,112.50 |
1.82% |
| Verus Securitization Trust Series 2024-INV2, Class B2, Variable rate, due 08/26/2069 |
|
92540NAF0 |
260,000 |
$258,813.05 |
1.81% |
| LHOME Mortgage Trust Series 2024-RTL2, Class M, Variable rate, due 03/25/2029 |
|
50205JAC0 |
255,000 |
$257,522.64 |
1.80% |
| BRAVO Residential Funding Trust Series 2024-NQM6, Class B1, Variable rate, due 08/01/2064 |
|
05613JAG1 |
255,000 |
$256,542.19 |
1.79% |
| Farmer Mac Agricultural Real Estate Trust Serues 2021-1, Class B, Variable rate, due 07/25/2051 |
|
30768WAC2 |
332,774 |
$256,976.04 |
1.79% |
| PRP Advisors, LLC Series 2025-2, Class A1, Variable rate, due 05/25/2030 |
|
69382HAA3 |
255,000 |
$254,772.03 |
1.78% |
| Saluda Grade Alternative Mortgage Trust Series 2024-RTL4, Class A2, Variable rate, due 02/25/2030 |
|
79584CAB7 |
255,000 |
$255,117.56 |
1.78% |
| Barclays Commercial Mortgage Securities LLC Series 2018-TALL, Class A, Variable rate, due 03/15/2037 |
|
05548WAA5 |
268,000 |
$253,743.26 |
1.77% |
| COLT Funding LLC Series 2021-HX1, Class B3A, Variable rate, due 10/25/2066 |
|
19688KAG9 |
340,000 |
$253,722.93 |
1.77% |
| Ellington Financial Mortgage Trust Series 2024-INV1, Class B2, Variable rate, due 03/25/2069 |
|
268434AF4 |
258,000 |
$253,798.81 |
1.77% |
| Neuberger Berman CLO Ltd Series 2020-39A, Class ER, Variable rate, due 04/20/2038 |
|
64134FAL5 |
250,000 |
$253,590.05 |
1.77% |
| Flatiron CLO Ltd Series 2025-32A, Class D2, Variable rate, due 10/22/2038 |
|
33882RAL8 |
250,000 |
$250,000.00 |
1.75% |
| REMIC FUNDING TRUST 98-1 Series 2025-2, Class A, Variable rate, due 05/27/2055 |
|
75806EAA5 |
249,964 |
$250,428.22 |
1.75% |
| Saluda Grade Alternative Mortgage Trust Series 2025-NPL1, Class A1, Variable rate, due 01/25/2030 |
|
79582BAA3 |
250,323 |
$250,386.98 |
1.75% |
| Whitebox CLO Ltd Series 2025-5A, Class D2, Variable rate, due 07/20/2038 |
|
96467PAL2 |
250,000 |
$250,937.50 |
1.75% |
| SHR Trust Series 2024-LXRY, Class E, Variable rate, due 10/15/2041 |
|
784234AJ5 |
250,000 |
$248,680.35 |
1.74% |
| FHLMC Multifamily Structured Pass Through Certs. Series K755, Class X3, Variable rate, due 02/25/2059 |
|
3137HCKN1 |
940,000 |
$245,220.53 |
1.71% |
| Wells Fargo Commercial Mortgage Trust Series 2021-C59, Class XA, Variable rate, due 04/15/2054 |
|
95003CBU3 |
3,388,626 |
$209,822.36 |
1.47% |
| CoreVest American Finance Ltd Series 2021-1, Class A, 1.569%, due 04/15/2053 |
|
21873LAA1 |
213,171 |
$207,885.02 |
1.45% |
| Barclays Commercial Mortgage Securities LLC Series 2024-5C25, Class XA, Variable rate, due 03/15/2057 |
|
05554VAC4 |
4,999,358 |
$192,591.78 |
1.35% |
| BENCHMARK Mortgage Trust Series 2024-V6, Class XA, Variable rate, due 10/15/2028 |
|
081927AC9 |
4,439,248 |
$192,198.56 |
1.34% |
| Pagaya AI Debt Selection Trust Series 2024-2, Class C, 7.573%, due 08/15/2031 |
|
694961AC7 |
159,865 |
$161,852.91 |
1.13% |
| BWAY Mortgage Trust Series 2025-1535, Class B, Variable rate, due 05/05/2030 |
|
12430BAE0 |
155,000 |
$161,023.52 |
1.12% |
| Fannie Mae or Freddie Mac TBA, 4%, due 04/01/2052 |
|
01F040677 |
170,000 |
$157,614.85 |
1.10% |
| CFCRE Commercial Mortgage Trust Series 2017-C8, Class XA, Variable rate, due 06/15/2050 |
|
12532CBE4 |
7,616,191 |
$151,395.40 |
1.06% |
| Verus Securitization Trust Series 2025-INV1, Class B1, Variable rate, due 02/25/2070 |
|
924929AG7 |
150,000 |
$150,935.58 |
1.05% |
| MCR Mortgage Trust Series 2024-TWA, Class F, 10.382%, due 06/12/2039 |
|
582923AF5 |
115,000 |
$117,869.03 |
0.82% |
| GNMA Series 2024-32, Class IO, Variable rate, due 06/16/2063 |
|
38381J2J5 |
1,922,223 |
$98,688.07 |
0.69% |
| Freddie Mac Multiclass Certificates Series 2020-RR07, Class AX, Variable rate, due 09/27/2028 |
|
3137FRVC2 |
1,500,000 |
$96,223.35 |
0.67% |
| Fannie Mae Series 2016-63, Class AF, Variable rate, due 09/25/2046 |
|
3136ATXX7 |
85,716 |
$83,913.44 |
0.59% |
| Fannie Mae Series 2024-84, Class FD, Variable rate, due 11/25/2054 |
|
3136BTTR4 |
63,507 |
$63,561.12 |
0.44% |
| FNA VI LLC Series 2021-1A, Class A, Variable rate, due 01/10/2032 |
|
34411YAA5 |
40,678 |
$37,828.27 |
0.26% |
| Bank Series 2019-BN24, Class XA, Variable rate, due 11/15/2062 |
|
06540VBC8 |
972,996 |
$24,415.39 |
0.17% |
| Bank Series 2019-BN22, Class XA, Variable rate, due 11/15/2062 |
|
06540XBH3 |
1,051,027 |
$23,547.53 |
0.16% |
| 2025-08-22 US LONG BOND(CBT) Sep25 P 95 |
USU5P 95 |
|
2 |
$62.50 |
0.00% |
| US 10YR NOTE (CBT)Sep25 |
TYU5 |
|
7 |
$782,687.50 |
0.00% |
| US 10yr Ultra Fut Sep25 |
UXYU5 |
|
2 |
$227,562.50 |
0.00% |
| US 2YR NOTE (CBT) Sep25 |
TUU5 |
|
-1 |
($207,968.75) |
0.00% |
| US 5YR NOTE (CBT) Sep25 |
FVU5 |
|
19 |
$2,068,476.57 |
0.00% |
| US LONG BOND(CBT) Sep25 |
USU5 |
|
-7 |
($801,281.25) |
0.00% |
| US Dollar |
$USD |
|
-594,613 |
($594,612.51) |
-4.15% |
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.
|
|