Holdings of the Fund as of 12/31/2024
Total Number of Holdings (excluding cash): 50
| US 2YR NOTE (CBT) Mar25 |
TUH5 |
|
12 |
$2,467,312.51 |
16.40% |
| US 5YR NOTE (CBT) Mar25 |
FVH5 |
|
20 |
$2,126,093.76 |
14.13% |
| US 10YR NOTE (CBT)Mar25 |
TYH5 |
|
8 |
$870,000.00 |
5.78% |
| Barclays Commercial Mortgage Securities LLC Series 2018-TALL, Class A, Variable rate, due 03/15/2037 |
|
05548WAA5 |
600,000 |
$568,746.72 |
3.78% |
| Barclays Commercial Mortgage Securities LLC Series 2023-C22, Class A4, 6.521%, due 11/15/2056 |
|
05554FAC9 |
500,000 |
$544,441.70 |
3.62% |
| BX Trust Series 2021-ARIA, Class A, Variable rate, due 10/15/2036 |
|
05608RAA3 |
525,000 |
$523,783.94 |
3.48% |
| BPR Trust Series 2023-STON, Class A, 7.497%, due 12/05/2039 |
|
05593GAA4 |
500,000 |
$516,877.40 |
3.44% |
| Hawaii Hotel Trust 2019-MAUI Series 2019-MAUI, Class A, Variable rate, due 05/15/2038 |
|
41975AAA0 |
500,000 |
$500,388.55 |
3.33% |
| NYO Commercial Mortgage Trust Series 2021-1290, Class A, Variable rate, due 11/15/2038 |
|
62955HAA5 |
500,000 |
$490,830.85 |
3.26% |
| Wells Fargo Commercial Mortgage Trust Series 2018-C47, Class A4, 4.442%, due 09/15/2061 |
|
95002DBG3 |
500,000 |
$489,807.85 |
3.26% |
| Bank Series 2018-BN13, Class A4, 3.953%, due 08/15/2061 |
|
06539LBA7 |
500,000 |
$481,835.70 |
3.20% |
| Barclays Commercial Mortgage Securities LLC Series 2022-C16, Class A5, Variable rate, due 06/15/2055 |
|
05552YAE6 |
500,000 |
$481,118.70 |
3.20% |
| Aventura Mall Trust Series 2019-AVM, Class A, Variable rate, due 07/05/2040 |
|
05359AAA1 |
480,000 |
$462,077.76 |
3.07% |
| Wells Fargo Commercial Mortgage Trust Series 2019-JWDR, Class A, Variable rate, due 09/15/2031 |
|
95002NAA5 |
469,000 |
$450,761.62 |
3.00% |
| Life Financial Services Trust Series 2022-BMR2, Class A1, Variable rate, due 05/15/2039 |
|
53218DAA6 |
425,000 |
$415,957.96 |
2.77% |
| Morgan Stanley Capital I Trust Series 2019-L2, Class XA, Variable rate, due 03/15/2052 |
|
61768HAX4 |
11,672,588 |
$399,535.19 |
2.66% |
| BENCHMARK Mortgage Trust Series 2020-B18, Class A5, 1.925%, due 07/15/2053 |
|
08163AAE3 |
470,000 |
$393,811.17 |
2.62% |
| Citigroup Commercial Mortgage Trust Series 2018-C5, Class A3, 3.963%, due 06/10/2051 |
|
17291DAC7 |
408,649 |
$394,746.55 |
2.62% |
| Bank Series 2021-BN33, Class A5, 2.556%, due 05/15/2064 |
|
06541CBL9 |
425,000 |
$364,635.13 |
2.42% |
| BMO Mortgage Trust Series 2023-C5, Class ASB, 5.9949%, due 06/15/2056 |
|
055988AE9 |
325,000 |
$336,901.89 |
2.24% |
| Bank Series 2021-BN31, Class XB, Variable rate, due 02/15/2054 |
|
06541ABN9 |
7,500,000 |
$335,005.73 |
2.23% |
| JP Morgan Chase Commercial Mortgage Sec Trust Series 2019-OSB, Class A, 3.3973%, due 06/05/2039 |
|
46651EAA2 |
365,000 |
$333,261.53 |
2.22% |
| US 10yr Ultra Fut Mar25 |
UXYH5 |
|
3 |
$333,937.50 |
2.22% |
| Manhattan West Series 2020-OMW, Class A, 2.13%, due 09/10/2040 |
|
563136AA8 |
350,000 |
$321,732.81 |
2.14% |
| Bank Series 2019-BN19, Class A3, 3.183%, due 08/15/2061 |
|
06540WBD4 |
350,000 |
$314,147.19 |
2.09% |
| KNDR Trust 2021-KIND Series 2021-KIND, Class A, Variable rate, due 08/15/2038 |
|
482606AA8 |
297,516 |
$294,792.42 |
1.96% |
| GS Mortgage Securities Trust Series 2017-GS6, Class A2, 3.164%, due 05/10/2050 |
|
36253PAB8 |
304,877 |
$292,522.56 |
1.94% |
| Barclays Commercial Mortgage Securities LLC Series 2024-5C25, Class AS, 6.358%, due 03/15/2057 |
|
05554VAE0 |
275,000 |
$284,125.74 |
1.89% |
| BX Trust Series 2019-IMC, Class A, Variable rate, due 04/15/2034 |
|
05608BAA8 |
282,588 |
$280,667.15 |
1.87% |
| Morgan Stanley Capital I Trust Series 2018-L1, Class A3, 4.139%, due 10/15/2051 |
|
61691QAD0 |
290,000 |
$281,459.33 |
1.87% |
| Morgan Stanley BAML Trust Series 2016-C32, Class A4, 3.72%, due 12/15/2049 |
|
61691GAS9 |
280,000 |
$272,402.59 |
1.81% |
| MSWF Commercial Mortgage Trust Series 2023-2, Class A5, 6.014%, due 12/15/2056 |
|
55361AAU8 |
250,000 |
$263,635.05 |
1.75% |
| Morgan Stanley Capital I Trust Series 2017-HR2, Class A3, 3.33%, due 12/15/2050 |
|
61691NAD7 |
272,399 |
$260,100.52 |
1.73% |
| BMO Mortgage Trust Series 2024-C8, Class ASB, 5.79406%, due 09/15/2056 |
|
05593HAE4 |
250,000 |
$258,449.65 |
1.72% |
| Banc of America Merrill Lynch Large Loan Inc Series 2013-WBRK, Class A, Variable rate, due 03/10/2037 |
|
05525BAA8 |
261,000 |
$256,563.00 |
1.71% |
| Barclays Commercial Mortgage Securities LLC Series 2022-C18, Class A4, Variable rate, due 12/15/2055 |
|
054975AD9 |
250,000 |
$255,039.78 |
1.70% |
| WFLD MORTGAGE TRUST Series 2014-MONT, Class A, Variable rate, due 08/10/2031 |
|
92939GAA5 |
278,676 |
$256,077.88 |
1.70% |
| BENCHMARK Mortgage Trust Series 2024-V6, Class XA, Variable rate, due 10/15/2028 |
|
081927AC9 |
4,890,244 |
$234,147.31 |
1.56% |
| COMM Mortgage Trust Series 2024-277P, Class X, Variable rate, due 08/10/2044 |
|
12654FAC4 |
7,850,000 |
$230,041.90 |
1.53% |
| US Dollar |
$USD |
|
223,175 |
$223,175.47 |
1.48% |
| Wells Fargo Commercial Mortgage Trust Series 2022-C62, Class ASB, Variable rate, due 04/15/2055 |
|
95003MAC2 |
225,000 |
$216,933.75 |
1.44% |
| ILPT Commercial Mortgage Trust Series 2019-SURF, Class A, 4.145%, due 02/11/2041 |
|
44965LAA2 |
225,000 |
$214,711.13 |
1.43% |
| CFCRE Commercial Mortgage Trust Series 2017-C8, Class XA, Variable rate, due 06/15/2050 |
|
12532CBE4 |
7,699,883 |
$205,373.60 |
1.37% |
| CSAIL Commercial Mortgage Trust Series 2015-C3, Class B, Variable rate, due 08/15/2048 |
|
12635FAY0 |
226,000 |
$206,071.03 |
1.37% |
| BENCHMARK Mortgage Trust Series 2021-B23, Class AAB, 1.766%, due 02/15/2054 |
|
08162RAE7 |
200,000 |
$180,762.42 |
1.20% |
| Arbor Multifamily Mortgage Securities Trust Series 2020-MF1, Class AS, Variable rate, due 05/15/2053 |
|
03881BAJ2 |
150,000 |
$134,289.20 |
0.89% |
| Arbor Multifamily Mortgage Securities Trust Series 2020-MF1, Class A5, 2.7563%, due 05/15/2053 |
|
03881BAE3 |
139,250 |
$124,762.87 |
0.83% |
| Bank Series 2020-BN26, Class XA, Variable rate, due 03/15/2063 |
|
06540JBM3 |
2,462,806 |
$117,022.46 |
0.78% |
| Bank Series 2019-BN23, Class XA, Variable rate, due 12/15/2052 |
|
06541RBC6 |
4,127,290 |
$115,065.96 |
0.76% |
| Freddie Mac Multiclass Certificates Series 2020-RR07, Class AX, Variable rate, due 09/27/2028 |
|
3137FRVC2 |
1,500,000 |
$110,791.80 |
0.74% |
| Wells Fargo Commercial Mortgage Trust Series 2021-C61, Class ASB, 2.525%, due 11/15/2054 |
|
95003QAE9 |
110,000 |
$99,336.52 |
0.66% |
| ReadyCap Commercial Mortgage Trust Series 2021-FL6, Class A, Variable rate, due 07/25/2036 |
|
75575TAA1 |
87,967 |
$87,643.55 |
0.58% |
| BPR Trust Series 2021-WILL, Class A, Variable rate, due 06/15/2038 |
|
05591VAA3 |
71,153 |
$70,943.30 |
0.47% |
| Bank Series 2018-BN10, Class XA, Variable rate, due 02/15/2061 |
|
065404BF1 |
2,914,750 |
$52,296.74 |
0.35% |
| Freddie Mac Multiclass Certificates Series 2020-RR07, Class BX, Variable rate, due 10/27/2028 |
|
3137FRVE8 |
585,000 |
$43,820.24 |
0.29% |
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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