| 1 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
4,215,000 |
$4.15M |
3.47% |
| 2 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
2,610,000 |
$2.19M |
1.83% |
| 3 |
UMBS |
— |
2,641,025 |
$2.12M |
1.77% |
| 4 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
2,200,000 |
$2.12M |
1.77% |
| 5 |
Treasury Repurchase Agreement |
NMRA |
2,000,000 |
$2.00M |
1.67% |
| 6 |
Treasury Repurchase Agreement |
— |
1,874,948 |
$1.87M |
1.57% |
| 7 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
1,705,000 |
$1.71M |
1.43% |
| 8 |
UST BILLS 0% 05/14/2026 |
— |
1,603,000 |
$1.60M |
1.34% |
| 9 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
1,690,000 |
$1.58M |
1.32% |
| 10 |
U.S. Treasury Notes |
— |
1,453,700 |
$1.44M |
1.21% |
| 11 |
FNCL 3.5 5/26 |
— |
1,540,000 |
$1.40M |
1.17% |
| 12 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
1,220,000 |
$1.25M |
1.04% |
| 13 |
MSRM 2025-NQM1 A1 144A FRN 11-25-69 |
— |
1,181,547 |
$1.19M |
1.00% |
| 14 |
FN MA4579 |
— |
1,354,605 |
$1.19M |
0.99% |
| 15 |
FN MA4548 |
— |
1,384,177 |
$1.17M |
0.97% |
| 16 |
FNCL 2 5/26 |
— |
1,430,000 |
$1.14M |
0.96% |
| 17 |
Eagle Funding LuxCo S.a.r.l. |
— |
1,108,000 |
$1.12M |
0.93% |
| 18 |
RPLDCI 6.581 05/30/49 144A |
RPLDCI |
1,049,000 |
$1.08M |
0.91% |
| 19 |
WEST Trust, Series 2025-ROSE, Class A |
WEST |
1,050,000 |
$1.06M |
0.88% |
| 20 |
BSTN Commercial Mortgage Trust 2025-1C |
— |
1,000,000 |
$1.02M |
0.85% |
| 21 |
Benefit Street Partners CLO XXIII Ltd., Series 2021-23A, Class A1R |
— |
1,000,000 |
$1.00M |
0.84% |
| 22 |
VDCM COMMERCIAL MORTGAGE TRUST VDCM 2025 AZ A 144A |
VDCM |
995,000 |
$995.92K |
0.83% |
| 23 |
QTS Fayetteville I Dc1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC |
— |
946,000 |
$920.08K |
0.77% |
| 24 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
920,000 |
$912.78K |
0.76% |
| 25 |
STACR 2023-DNA1 M1A |
STACR |
893,490 |
$903.74K |
0.76% |
| 26 |
T 3.875 04/15/29 |
— |
900,600 |
$899.69K |
0.75% |
| 27 |
FNCL 3 5/26 |
— |
1,025,000 |
$897.17K |
0.75% |
| 28 |
FN FS9801 |
— |
890,146 |
$896.89K |
0.75% |
| 29 |
NRZT 2025-NQM2 A1 144A 5.566% 04-25-65 |
NRZT |
871,234 |
$876.49K |
0.73% |
| 30 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
840,000 |
$871.47K |
0.73% |
| 31 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
860,000 |
$866.23K |
0.72% |
| 32 |
IP Mortgage Trust, Series 2025-IP, Class A |
IP |
843,000 |
$849.93K |
0.71% |
| 33 |
ALA Trust, Series 2025-OANA, Class B |
ALA |
844,000 |
$847.16K |
0.71% |
| 34 |
UMBS |
— |
804,048 |
$825.11K |
0.69% |
| 35 |
US TREASURY N/B |
— |
820,700 |
$803.39K |
0.67% |
| 36 |
WOODWARD CAPITAL MANAGEMENT RCKT 2025 CES6 A1A 144A |
RCKT |
763,317 |
$766.52K |
0.64% |
| 37 |
Symphony CLO XXIV, Ltd., Series 2020-24A, Class A1R |
— |
766,000 |
$765.15K |
0.64% |
| 38 |
MILE Trust, Series 2025-STNE, Class A |
— |
730,000 |
$729.10K |
0.61% |
| 39 |
Sonic Capital LLC, Series 2020-1A, Class A2I |
— |
725,423 |
$719.07K |
0.60% |
| 40 |
Neuberger Berman Loan Advisers CLO Ltd., Series 2020-38A, Class AR2 |
— |
710,000 |
$710.39K |
0.59% |
| 41 |
Bain Capital Credit CLO Ltd., Series 2021-5A, Class A1R |
— |
710,000 |
$710.03K |
0.59% |
| 42 |
Bain Capital Credit CLO Ltd., Series 2021-6A, Class A1R |
— |
710,000 |
$709.28K |
0.59% |
| 43 |
Bain Capital Credit CLO Ltd., Series 2021-3A, Class AR |
— |
710,000 |
$709.23K |
0.59% |
| 44 |
Bain Capital Credit CLO Ltd., Series 2019-4A, Class A1RR |
— |
710,000 |
$708.82K |
0.59% |
| 45 |
Bain Capital Credit CLO Ltd., Series 2019-3A, Class ARR |
— |
710,000 |
$708.72K |
0.59% |
| 46 |
SYNIT 2024-A2 A |
— |
700,000 |
$706.72K |
0.59% |
| 47 |
Zayo Issuer, LLC, Series 2025-2A, Class A2 |
— |
694,311 |
$705.16K |
0.59% |
| 48 |
JP Morgan Mortgage Trust, Series 2025-NQM3, Class A1 |
— |
697,627 |
$700.42K |
0.59% |
| 49 |
BX Trust, Series 2025-VLT7, Class A |
BX |
700,000 |
$699.12K |
0.58% |
| 50 |
Sonic Capital LLC, Series 2021-1A, Class A2II |
— |
811,042 |
$695.25K |
0.58% |