CEDAR RLTY TR I 7.25% PFD PERP

NPORT-P false 0000754510 XXXXXXXX S000031548 C000098199 Fidelity Securities Fund 811-04118 0000754510 LIUMB3NDWOFJPXVROE85 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Series Real Estate Income Fund S000031548 549300CKO1IALL8IIC86 2026-07-31 2026-01-31 N 290899102.80 1065395.27 289833707.53 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1907168.76000000 USD N CEDAR REALTY TRUST INC 54930056URX93R2RSN82 CEDAR RLTY TR I 7.25% PFD PERP 150602407 7070.00000000 NS USD 130335.45000000 0.044969044874 Long EP CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 32619685.15600000 NS USD 32626209.09000000 11.25687186906 Long STIV RF US N 1 N N N GS MTG SECS TR 2011-GC5 N/A GSMS 2011-GC5 C 5.47 8/44 36191YAJ7 101000.00000000 PA USD 92975.67000000 0.032078970659 Long ABS-MBS CORP US N 2 2044-08-10 Variable 0.05141339 N N N N N N GS MTG SECS TR 2011-GC5 N/A GSMS 2011-GC5 D 5.47 8/44 36191YAL2 759236.00000000 PA USD 587846.98000000 0.202822157922 Long ABS-MBS CORP US N 2 2044-08-10 Variable 0.05141339 N N N N N N GS MTG SECS TR 2011-GC5 N/A GSMS 2011-GC5 E CSTR 8/44 36191YAN8 848000.00000000 PA USD 289389.50000000 0.099846737105 Long ABS-MBS CORP US N 2 2044-08-10 Variable 0.05141339 N N N N N N GS MTG SECS TR 2011-GC5 N/A GS MTG SECS TR 2011-GC5 4.5% 08/10/2044 144A 36191YAQ1 677000.00000000 PA USD 2031.00000000 0.000700746651 Long ABS-MBS CORP US N 3 2044-08-10 Fixed 0.04500000 N N N N N N GS MTG SECS TR 2012-GCJ9 N/A GS MTG SECS TR 2012-GCJ9 E CSTR 11/10/2045 144A 36192PAN6 355000.00000000 PA USD 340800.00000000 0.117584667050 Long ABS-MBS CORP US N 3 2045-11-10 Variable 0.04664332 N N N N N N JP MORGAN CHASE COML MTG SECS TR 2012-CIBX N/A JPMCC 2012-CBX E CSTR 6/45 46637WAQ6 592418.35000000 PA USD 584031.84000000 0.201505837598 Long ABS-MBS CORP US N 2 2045-06-15 Variable 0.04689532 N N N N N N JP MORGAN CHASE COML MTG SECS TR 2012-CIBX N/A JPMCC 2012-CBX G 4.0% 6/45 144A 46637WAU7 805000.00000000 PA USD 542516.07000000 0.187181841140 Long ABS-MBS CORP US N 2 2045-06-15 Fixed 0.04000000 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2013-LC11 N/A JP MORGAN CH CMS 13-LC11 D CSTR 04/15/2046 46639YAX5 281066.01000000 PA USD 2810.66000000 0.000969749179 Long ABS-MBS CORP US N 2 2046-04-15 Variable 0.04331129 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2014-DSTY N/A JPMCC 2014-DSTY E CSTR 06/27 46642MAN8 924000.00000000 PA USD 2300.76000000 0.000793820711 Long ABS-MBS CORP US N 2 2027-06-10 Variable 0.03804600 N N N N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LEXINGTON RLTY 6.5 CV PFD PERPPAR=50 529043309 68019.00000000 NS USD 3191451.48000000 1.101131923956 Long EP CORP US N 2 N N N MFA FINANCIAL INC YW72IMH2RRC8Z1TGLG58 MFA FINANCIAL 7.5% PFD PERP 55272X409 16249.00000000 NS USD 327417.35000000 0.112967312460 Long EP CORP US N 1 N N N MSJP 2015-HAUL N/A MSJP 2015-HAUL E 5.012% 09/05/2047 144A 553697AN3 1000000.00000000 PA USD 861071.30000000 0.297091496823 Long ABS-MBS CORP US N 2 2047-09-05 Variable 0.04851000 N N N N N N MORGAN STANLEY CAP I TR 2011-C2 3IFG42XD94UUZ7FL2766 MSC 2011-C2 XB CSTR 6/44 144A 617459AF9 21123262.38860000 PA USD 79129.85000000 0.027301810639 Long ABS-MBS CORP US N 2 2044-06-15 Variable 0.00492409 N N N N N N MORGAN STANLEY CAP I TR 2011-C2 3IFG42XD94UUZ7FL2766 MSC 2011-C2 D CSTR 6/44 617459AJ1 667377.77000000 PA USD 660904.21000000 0.228028760226 Long ABS-MBS CORP US N 2 2044-06-15 Variable 0.05211300 N N N N N N MORGAN STANLEY CAP I TR 2011-C2 3IFG42XD94UUZ7FL2766 MSC 2011-C2 F CSTR 6/44 617459AL6 970000.00000000 PA USD 729925.00000000 0.251842688078 Long ABS-MBS CORP US N 2 2044-06-15 Variable 0.05211300 N N N N N N MORGAN STANLEY CAP I TR 2011-C3 N/A MSC 2011-C3 E CSTR 7/15/49 144A 61760RAN2 154041.43000000 PA USD 152381.26000000 0.052575409982 Long ABS-MBS CORP US N 2 2049-07-15 Variable 0.04940041 N N N N N N MORGAN STANLEY CAP I TR 2011-C3 N/A MSC 2011-C3 G CSTR 07/49 61760RAS1 979600.00000000 PA USD 941504.63000000 0.324843041212 Long ABS-MBS CORP US N 2 2049-07-15 Variable 0.04940041 N N N N N N MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6 N/A MORGAN STAN BAML TR-2012-C6 F CSTR 11/15/2045 144A 61761DAU6 1000000.00000000 PA USD 140060.00000000 0.048324261934 Long ABS-MBS CORP US N 3 2045-11-15 Variable 0.04344550 N N N N N N MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9 549300PFVBG5704L7K74 MSBAM 2013 - C9 C 4.2117% 5/46 61762DBB6 625000.00000000 PA USD 585286.88000000 0.201938858315 Long ABS-MBS CORP US N 2 2046-05-15 Variable 0.03705735 N N N N N N MORGAN STANLEY CAP I TR 2015-MS1 N/A MORGAN STANLEY CAP I TR 2015 4.163% 5/15/48 61765DAC2 980000.00000000 PA USD 824542.60000000 0.284488166344 Long ABS-MBS CORP US N 3 2048-05-15 Variable 0.04028020 N N N N N N OMEGA HEALTHCARE INVESTORS INC 549300OJ7ENK42CZ8E73 OMEGA HEALTHCARE INVESTORS INC 4.5% 04/01/2027 681936BF6 483000.00000000 PA USD 484412.08000000 0.167134486919 Long DBT CORP US N 2 2027-04-01 Fixed 0.04500000 N N N N N N PROLOGIS INC 529900DFH19P073LZ636 PROLOGIS IN SR Q 8.54% PFD PRP 74340W202 16850.00000000 NS USD 892376.00000000 0.307892414448 Long EP CORP US N 1 N N N PROVIDENCE PLACE GROUP LTD PARTNERSHIP N/A PPGLP 2000-C1 A2 7.75% 7/28 743784AB6 418586.10010000 PA USD 427661.55000000 0.147554110819 Long ABS-MBS CORP US N 2 2028-07-20 Fixed 0.07750000 N N N N N N TIMES SQUARE HOTEL TR N/A TIMES SQUARE HOTEL TR 8.528% 08/01/2026 144A 887367AA8 174889.16070000 PA USD 175282.52000000 0.060476927095 Long DBT CORP US N 2 2026-08-01 Fixed 0.08528000 N N N N N N UBS COML MTG TR 2012-C1 N/A UBSCM 2012-C1 F CSTR 5/10/45 144A 90269GAS0 399000.00000000 PA USD 147413.94000000 0.050861558255 Long ABS-MBS CORP US N 3 2045-05-10 Variable 0.05000000 N N N N N N VORNADO REALTY TRUST N/A VORNADO RLTY SR L 5.4% PFD PRP 929042844 18000.00000000 NS USD 329040.00000000 0.113527167976 Long EP CORP US N 1 N N N WFRBS COML MTG TR 2011-C3 N/A WFRBS 2011-C3 D CSTR 3/44 92935VAS7 843915.79000000 PA USD 303826.56000000 0.104827889961 Long ABS-MBS CORP US N 3 2044-03-15 Variable 0.06049660 N N N N N N WFRBS COML MTG TR 2011-C4 N/A WFRBS 2011-C4 G 5% 06/15/44 92936CBD0 45000.00000000 PA USD 14362.70000000 0.004955496764 Long ABS-MBS CORP US N 3 2044-06-15 Variable 0.05000000 N N N N N N WFRBS COML MTG TR 2013-C11 N/A WFRBS 2013-C11 E VAR 3/45 92937EAL8 53000.00000000 PA USD 37630.00000000 0.012983306986 Long ABS-MBS CORP US N 2 2045-03-15 Variable 0.04067764 N N N N N N WFRBS COML MTG TR 2013-C13 N/A WFRBS COML MTG TR 2013-C13 D CSTR 05/15/2045 144A 92937UAJ7 33918.63000000 PA USD 31755.98000000 0.010956620701 Long ABS-MBS CORP US N 2 2045-05-15 Variable 0.03968160 N N N N N N WP GLIMCHER MALL TR 15-WPG N/A JPMDB 2015-WPG PR2 CSTR 06/35 92939VAN4 459000.00000000 PA USD 100975.41000000 0.034839084404 Long ABS-MBS CORP US N 3 2035-06-05 Variable 0.03516000 N N N N N N UBS COML MTG TR 2012-C1 N/A UBSCM 2012-C1 E CSTR 05/45 90269GAQ4 926620.31000000 PA USD 881401.24000000 0.304105843144 Long ABS-MBS CORP US N 2 2045-05-10 Variable 0.05000000 N N N N N N SOTHERLY HOTELS INC 549300IYTT21F61LSR10 SOTHERLY HOTELS INC SER B 8% PERP PFD 83600C301 12750.00000000 NS USD 231667.50000000 0.079931179149 Long EP CORP US N 1 N N N WP CAREY INC 54930042CRNE713E3Q67 WP CAREY INC 4.25% 10/01/2026 92936UAE9 459000.00000000 PA USD 459383.48000000 0.158498983404 Long DBT CORP US N 2 2026-10-01 Fixed 0.04250000 N N N N N N ENBRIDGE INC 98TPTUM4IVMFCZBCUR27 ENBRIDGE INC SER 1 4% PFD PERP 29250N717 20325.00000000 NS USD 500198.25000000 0.172581117035 Long EP CORP CA N 1 N N N MORGAN STANLEY CAP I TR 2016-BNK2 N/A MORGAN STANLEY CAP I TR 2016-BNK2 3% 11/15/2049 144A 61690YAC6 2346000.00000000 PA USD 1769422.17000000 0.610495647686 Long ABS-MBS CORP US N 2 2049-11-15 Fixed 0.03000000 N N N N N N HILTON USA TR 2016-HHV N/A HILT 2016-HHV F CSTR 11/38 144A 43300LAQ3 2515000.00000000 PA USD 2470071.54000000 0.852237498892 Long ABS-MBS CORP US N 2 2038-11-05 Variable 0.04193500 N N N N N N DIGITALBRIDGE GROUP INC 549300XG87L902AGBO89 DIGITALBRIDGE GROUP INC SER H 7.125% PERP PFD 25401T504 9647.00000000 NS USD 185318.87000000 0.063939723084 Long EP CORP US N 1 N N N JPMBB COML MTG SECS TR 2014-C23 N/A JPMBB 2014-C23 UH5 4.7094% 09/15/2047 144A 46643AAQ6 1624000.00000000 PA USD 1598972.21000000 0.551686076690 Long ABS-MBS CORP US N 2 2047-09-15 Fixed 0.04709400 N N N N N N CHIMERA INVESTMENT CORP 2JBBQFJOL123LOUBE657 CHIMERA INVESTMENT CORP SER B 8%/VAR PREF PERP 16934Q406 35058.00000000 NS USD 827018.22000000 0.285342318203 Long EP CORP US N 1 N N N PENNYMAC MORTGAGE INVESTMENT TRUST 549300BSSOQO1ZWDUJ97 PENNYMAC MTG INVT TR 8.125/VAR PREF PERP 70931T301 14975.00000000 NS USD 362994.00000000 0.125242161477 Long EP CORP US N 1 N N N TWO HARBORS INVESTMENT COR 549300ZUIBT6KH4HU823 TWO HARBORS INVT CORP 8.125% SER A PERP PFD 90187B200 21429.00000000 NS USD 530796.33000000 0.183138232789 Long EP CORP US N 1 N N N OMEGA HEALTHCARE INVESTORS INC 549300OJ7ENK42CZ8E73 OMEGA HEALTHCARE INVESTORS INC 4.75% 01/15/2028 681936BK5 1616000.00000000 PA USD 1629558.63000000 0.562239169449 Long DBT CORP US N 2 2028-01-15 Fixed 0.04750000 N N N N N N BANK 2017-BNK4 N/A BANK 2017-BNK4 D 3.357% 05/15/2050 144A 06541FAJ8 625000.00000000 PA USD 352624.00000000 0.121664247752 Long ABS-MBS CORP US N 3 2050-05-15 Fixed 0.03357000 N N N N N N COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR N/A CD 2017-CD4 D 3.3% 05/10/2050 144A 12515DAF1 213000.00000000 PA USD 187167.34000000 0.064577492243 Long ABS-MBS CORP US N 3 2050-05-10 Fixed 0.03300000 N N N N N N WP GLIMCHER MALL TR 15-WPG N/A JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A 92939VAL8 1168000.00000000 PA USD 583988.32000000 0.201490822091 Long ABS-MBS CORP US N 2 2035-06-05 Variable 0.03516000 N N N N N N DIGITALBRIDGE GROUP INC 549300XG87L902AGBO89 DIGITALBRIDGE GROUP INC 7.15% SER I PERP PFD 25401T405 10318.00000000 NS USD 201201.00000000 0.069419461840 Long EP CORP US N 1 N N N PENNYMAC MORTGAGE INVESTMENT TRUST 549300BSSOQO1ZWDUJ97 PENNYMAC MTG INVT TR 8%/VAR SER B PREF PERP 70931T400 20205.00000000 NS USD 487142.55000000 0.168076568509 Long EP CORP US N 1 N N N AMERICAN HOMES 4 RENT 549300ZJUO7A58PNUW40 AMERICAN HOMES 4 RENT 5.875% SER G PFD PERP 02665T876 37050.00000000 NS USD 847889.25000000 0.292543354334 Long EP CORP US N 1 N N N TWO HARBORS INVESTMENT COR 549300ZUIBT6KH4HU823 TWO HARBORS INV CORP 7.625% SER B PFD PERP 90187B309 38276.00000000 NS USD 940441.32000000 0.324476172221 Long EP CORP US N 1 N N N ANNALY CAPITAL MANAGEMENT INC 2DTL0G3FPRYUT58TI025 ANNALY CAPITAL MANAGEMENT INC 6.95%/VAR PERP PFD 035710870 73400.00000000 NS USD 1898931.40000000 0.655179625649 Long EP CORP US N 1 N N N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP 7/VAR PFD PERP 00123Q500 41899.00000000 NS USD 1072195.41000000 0.369934683973 Long EP CORP US N 1 N N N ASHFORD HOSPITALITY TRUST INC N/A ASHFORD HOSPITALITY TRUST INC SER H 7.5% PFD PERP 044103802 1575.00000000 NS USD 18207.00000000 0.006281878031 Long EP CORP US N 1 N N N GLOBAL NET LEASE INC 549300NUYANCT5SU8Z65 GLOBAL NET LEASE INC SER A 7.25% PFD PERP 379378300 45925.00000000 NS USD 1075104.25000000 0.370938307749 Long EP CORP US N 1 N N N MPT OPER PARTNERSHIP LP / MPT FIN CORP N/A MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027 55342UAH7 3237000.00000000 PA USD 3164604.50000000 1.091869033098 Long DBT CORP US N 2 2027-10-15 Fixed 0.05000000 N N N N N N GLOBAL MEDICAL REIT INC 549300HFRIPQDYU3GU60 GLOBAL MEDICAL REIT INC SER A 7.5% PFD PERP 37957W203 27461.00000000 NS USD 674442.16000000 0.232699697266 Long EP CORP US N 1 N N N DIGITALBRIDGE GROUP INC 549300XG87L902AGBO89 DIGITALBRIDGE GROUP INC 7.125% SER J PFD PERP 25401T306 18731.00000000 NS USD 363006.78000000 0.125246570902 Long EP CORP US N 1 N N N COMM 2017-COR2 N/A COMM 2017-COR2 D 3% 09/10/2050 144A 12595EAN5 31000.00000000 PA USD 28186.61000000 0.009725097277 Long ABS-MBS CORP US N 2 2050-09-10 Fixed 0.03000000 N N N N N N NATIONAL STORAGE AFFILIATES TRUST 529900FS06O8GOYNR108 NATIONAL STORAGE AFFILIATES SER A 6% PFD PERP 637870205 12325.00000000 NS USD 258701.75000000 0.089258682920 Long EP CORP US N 1 N N N SOTHERLY HOTELS INC 549300IYTT21F61LSR10 SOTHERLY HOTELS INC SER C 7.875% PERP PFD 83600C400 19300.00000000 NS USD 359559.00000000 0.124056999120 Long EP CORP US N 1 N N N MORGAN STANLEY CAP I TR 2011-C3 N/A MORGAN STANLEY CAP I TR 2011-C3 F CSTR 07/15/2049 144A 61760RAQ5 636000.00000000 PA USD 617262.10000000 0.212971122393 Long ABS-MBS CORP US N 2 2049-07-15 Variable 0.04940041 N N N N N N SUMMIT HOTEL PROPERTIES INC 254900OBQWJK6X20LS71 SUMMIT HOTEL PPTYS INC SERIES E 6.25% PFD PERP 866082605 60784.00000000 NS USD 1157935.20000000 0.399517092013 Long EP CORP US N 1 N N N REXFORD INDL RLTY INC 549300MSLO0DF0EMX355 REXFORD INDL RLTY INC SER B 5.875% PERP PFD 76169C308 50000.00000000 NS USD 1128000.00000000 0.389188686717 Long EP CORP US N 1 N N N VORNADO REALTY TRUST N/A VORNADO REALTY TRUST SER M 5.25% PFD PERP 929042828 11286.00000000 NS USD 198520.74000000 0.068494703977 Long EP CORP US N 1 N N N ANNALY CAPITAL MANAGEMENT INC 2DTL0G3FPRYUT58TI025 ANNALY CAPITAL MANAGEMENT INC 6.5%/VAR PFD PERP 035710862 70990.00000000 NS USD 1781139.10000000 0.614538286515 Long EP CORP US N 1 N N N SERITAGE GROWTH PPTYS 5493003CJFC2MM82WB25 SERITAGE GROWTH PPTYS SER A 7% PERP PFD 81752R308 1050.00000000 NS USD 25315.50000000 0.008734491310 Long EP CORP US N 1 N N N SAUL CENTERS INC N/A SAUL CENTERS INC 6.125% SER D PFD PERP 804395804 15958.00000000 NS USD 333072.18000000 0.114918372620 Long EP CORP US N 1 N N N UMH PPTYS INC 529900OM5K3PJ11F0Q09 UMH PPTYS INC 6.75% SER D PFD PERP 903002509 63875.00000000 NS USD 1434313.13000000 0.494874506565 Long EP CORP US N 1 N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 4.25% 02/15/2028 02666TAA5 2000000.00000000 PA USD 2000382.98000000 0.690183000813 Long DBT CORP US N 2 2028-02-15 Fixed 0.04250000 N N N N N N JPMDB COML MTG SECS TR 2018-C8 N/A JPMDB COML MTG SECS TR 2018-C8 CSTR 06/15/2051 144A 46591AAG0 302000.00000000 PA USD 242716.98000000 0.083743530753 Long ABS-MBS CORP US N 2 2051-06-15 Variable 0.03255197 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2018-AON N/A J P MORGAN CHASE COML MTG SECS TR 2018-AON-F 4.6132% 07/05/2031 144A 46649XAU1 961000.00000000 PA USD 107555.79000000 0.037109482853 Long ABS-MBS CORP US N 2 2031-07-05 Variable 0.04613200 N N N N N N RETAIL VALUE INC 549300VO5RB7323N1Z31 RETAIL VALUE INC (ESCROW LINE) 76133Q102 24066.00000000 NS USD 0.24000000 0.000000082806 Long EC CORP US N 3 N N N GS MTG SECS CORP TR 2018-RIVR N/A GS MTG SECS CORP TR 2018-RIVR G TSFR1M+264.7 07/15/2035 144A 36255WAN5 669000.00000000 PA USD 495.06000000 0.000170808290 Long ABS-MBS CORP US N 2 2035-07-15 Variable 0.06577000 N N N N N N VENTAS RLTY LTD PARTNERSHIP 32SXKSJ72K64GM3HOU64 VENTAS RLTY LTD PARTNERSHIP 4.4% 01/15/2029 92277GAN7 2000000.00000000 PA USD 2010793.24000000 0.693774805262 Long DBT CORP US N 2 2029-01-15 Fixed 0.04400000 N N N N N N AMERICAN HOMES 4 RENT 549300ZJUO7A58PNUW40 AMERICAN HOMES 4 RENT SER H 6.25% PERP PFD 02665T868 21284.00000000 NS USD 510558.46000000 0.176155652960 Long EP CORP US N 1 N N N COMM 2018-HCLV MTG TR N/A COMM 2018-HCLV MTG TR TSFR1M+319.601 09/15/2033 144A 20048KAL1 735000.00000000 PA USD 41430.41000000 0.014294545086 Long ABS-MBS CORP US N 2 2033-09-15 Variable 0.07026010 N N N N N N COMM 2018-HCLV MTG TR N/A COMM MORTGAGE TRUST 2018-HCLV G TSFR1M+520.234 069/15/2033 20048KAN7 735000.00000000 PA USD 15705.41000000 0.005418765861 Long ABS-MBS CORP US N 2 2033-09-15 Variable 0.09032337 N N N N N N CHIMERA INVESTMENT CORP 2JBBQFJOL123LOUBE657 CHIMERA INVESTMENT CORP SER C 7.75/VAR PERP PFD 16934Q505 45866.00000000 NS USD 1007217.36000000 0.347515604235 Long EP CORP US N 1 N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 5.3% 01/15/2029 361841AL3 1000000.00000000 PA USD 1019098.00000000 0.351614727177 Long DBT CORP US N 2 2029-01-15 Fixed 0.05300000 N N N N N N BRAEMAR HOTELS and RESORTS INC 549300JDUUEBN868C776 BRAEMAR HOTELS and RESORTS INC SER D 8.25% PFD PERP 10482B309 3923.00000000 NS USD 64651.04000000 0.022306252972 Long EP CORP US N 1 N N N DBGS 2018-C1 MTG TR N/A DBGS MTG TR 2018-C1 C CSTR 10/15/2051 23307DBE2 1000000.00000000 PA USD 911634.80000000 0.314537190228 Long ABS-MBS CORP US N 2 2051-10-15 Variable 0.04635569 N N N N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TR SER F 6.3% PERP PFD 70509V704 37902.00000000 NS USD 776991.00000000 0.268081655036 Long EP CORP US N 1 N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TR SER E 6.375% PERP PFD 70509V605 45192.00000000 NS USD 904743.84000000 0.312159633781 Long EP CORP US N 1 N N N CUBESMART LP 549300MPHKO3I3FJRA97 CUBESMART LP 4.375% 02/15/2029 22966RAE6 1000000.00000000 PA USD 1004334.10000000 0.346520806209 Long DBT CORP US N 2 2029-02-15 Fixed 0.04375000 N N N N N N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP 6.875/VAR PERP PFD 00123Q609 65750.00000000 NS USD 1642106.25000000 0.566568417453 Long EP CORP US N 1 N N N BROOKFIELD PROPERTY PARTNERS LP 5493004J5Z0TZW83NU62 BROOKFIELD PROPERTY PARTN LP 6.5% PERP PFD N/A 5875.00000000 NS USD 92648.75000000 0.031966174945 Long EP CORP BM N 1 N N N BX COMMERCIAL MORTGAGE TRUST 2019-IMC N/A BX COMMERCIAL MORTGAGE TRUST 2019-IMC G TSFR1M+371.448 04/15/2034 144A 05608BAS9 819000.00000000 PA USD 796619.27000000 0.274853907362 Long ABS-MBS CORP US N 2 2034-04-15 Variable 0.07326300 N N N N N N BRIXMOR OPERATING PARTNERSHIP LP 549300CJHBL7JBUA6503 BRIXMOR OPERATING PARTNERSHIP LP 4.125% 05/15/2029 11120VAH6 138000.00000000 PA USD 137522.85000000 0.047448880660 Long DBT CORP US N 2 2029-05-15 Fixed 0.04125000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 3.8% 08/15/2029 03027XAW0 1000000.00000000 PA USD 986075.33000000 0.340221066211 Long DBT CORP US N 2 2029-08-15 Fixed 0.03800000 N N N N N N ARMADA HOFFLER PROPERTIES INC 549300WQRSIV6XZT9313 ARMADA HOFFLER PPTYS INC SER A 6.75% PFD PERP 04208T207 33250.00000000 NS USD 716537.50000000 0.247223660114 Long EP CORP US N 1 N N N ANNALY CAPITAL MANAGEMENT INC 2DTL0G3FPRYUT58TI025 ANNALY CAPITAL MANAGEMENT INC SER I 6.75/VAR PFD PERP 035710847 27900.00000000 NS USD 716193.00000000 0.247104798852 Long EP CORP US N 1 N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP 64828T300 43666.00000000 NS USD 1100383.20000000 0.379660188380 Long EP CORP US N 1 N N N MPT OPER PARTNERSHIP LP / MPT FIN CORP N/A MPT OPER PARTNERSHIP LP/CORP 4.625% 08/01/2029 55342UAJ3 1506000.00000000 PA USD 1291205.47000000 0.445498724425 Long DBT CORP US N 2 2029-08-01 Fixed 0.04625000 N N N N N N UDR INC P3CH2EG5X6Z1XWU1OO74 UDR INC 3% 08/15/2031 90265EAR1 500000.00000000 PA USD 463569.72000000 0.159943342667 Long DBT CORP US N 2 2031-08-15 Fixed 0.03000000 N N N N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP SER B 7.125%/VAR PFD PERP 64828T409 60467.00000000 NS USD 1520140.38000000 0.524487090530 Long EP CORP US N 1 N N N SAUL CENTERS INC N/A SAUL CENTERS INC 6% SER E PFD PERP 804395879 13475.00000000 NS USD 301166.25000000 0.103910015355 Long EP CORP US N 1 N N N REXFORD INDL RLTY INC 549300MSLO0DF0EMX355 REXFORD INDL RLTY INC SER C 5.625% PERP PFD 76169C407 11775.00000000 NS USD 249983.25000000 0.086250578695 Long EP CORP US N 1 N N N GLADSTONE COMMERCIAL CORP 529900EVVV534W8R0T32 GLADSTONE COMMERCIAL CORP SER E 6.625% PFD 12/31/2049 376536702 41125.00000000 NS USD 938065.36000000 0.323656405596 Long EP CORP US N 1 N N N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP SER E 6.5%/VAR PFD PERP 00123Q807 46750.00000000 NS USD 1191657.50000000 0.411152143122 Long EP CORP US N 1 N N N SG COML MTG SECS TR 2019-PRES N/A SG COML MTG SECS TR 2019-PREZ F CSTR 09/15/2039 144A 78430EAN5 2000000.00000000 PA USD 1669061.40000000 0.575868629713 Long ABS-CBDO CORP US N 2 2039-09-15 Variable 0.03477062 N N N N N N ELLINGTON FINANCIAL INC 60GS1D1R1YY5G1W7IT74 ELLINGTON FINANCIAL INC 6.75/VAR PFD PERP 28852N208 58522.00000000 NS USD 1468316.98000000 0.506606699584 Long EP CORP US N 1 N N N BENCHMARK 2019-B14 MTG TR N/A BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A 08162YBM3 573000.00000000 PA USD 2865.00000000 0.000988497861 Long ABS-MBS CORP US N 3 2062-12-15 Variable 0.03404110 N N N N N N BENCHMARK 2019-B14 MTG TR N/A BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A 08162YBP6 859000.00000000 PA USD 2147.50000000 0.000740942114 Long ABS-MBS CORP US N 3 2062-12-15 Variable 0.03404110 N N N N N N VICI PROPERTIES LP / VICI NOTE CO INC N/A VICI PROPERTIES LP / VICI NOTE CO INC 4.625% 12/01/2029 144A 92564RAB1 3095000.00000000 PA USD 3095719.37000000 1.068101911396 Long DBT CORP US N 2 2029-12-01 Fixed 0.04625000 N N N N N N GLOBAL NET LEASE INC 549300NUYANCT5SU8Z65 GLOBAL NET LEASE INC SER B 6.875% PFD PERP 379378409 47200.00000000 NS USD 1080880.00000000 0.372931088385 Long EP CORP US N 1 N N N BX TR 2019-OC11 N/A BX TR 2019-OC11 4.075457% 12/09/2041 144A 05606FAN3 5666000.00000000 PA USD 5252323.07000000 1.812185033535 Long ABS-MBS CORP US N 2 2041-12-09 Variable 0.03943990 N N N N N N NATIONAL HEALTHCARE PROPERTIES INC 549300Z2NSUGF5NF2Y30 HEALTHCARE TRUST INC SER A 7.375% PFD PERP 42226B204 33000.00000000 NS USD 643500.00000000 0.222023865161 Long EP CORP US N 1 N N N BANK 2017-BNK8 N/A BANK 2017-BNK8 E 2.8% 11/15/2050 144A 06650AAW7 1848000.00000000 PA USD 814972.80000000 0.281186341970 Long ABS-MBS CORP US N 2 2050-11-15 Fixed 0.02800000 N N N N N N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP SER F 6.125%/VAR PFD PERP 00123Q872 61500.00000000 NS USD 1545495.00000000 0.533235079235 Long EP CORP US N 1 N N N BROOKFIELD PROPERTY PARTNERS LP 5493004J5Z0TZW83NU62 BROOKFIELD PROPERTY PARTN LP 5.75% PFD PERP N/A 7000.00000000 NS USD 96810.00000000 0.033401912022 Long EP CORP BM N 1 N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP SER C 6.375%/VAR PFD PERP 64828T508 20446.00000000 NS USD 502153.76000000 0.173255817716 Long EP CORP US N 1 N N N DYNEX CAPITAL INC 5CIJ4S9HAEBWILA19B65 DYNEX CAP INC 6.9%/VAR PFD PERP C 26817Q878 89500.00000000 NS USD 2314470.00000000 0.798551010413 Long EP CORP US N 1 N N N MFA FINANCIAL INC YW72IMH2RRC8Z1TGLG58 MFA FINANCIAL 6.5%/VAR PFD PERP 55272X508 26100.00000000 NS USD 605520.00000000 0.208919799273 Long EP CORP US N 1 N N N BX COMMERCIAL MORTGAGE TRUST 2020-VIVA N/A BX COMMERCIAL MORTGAGE TRUST 2020-VIVA E 3.54875% 03/09/2044 144A 12433XAJ8 2018000.00000000 PA USD 1822544.19000000 0.628824095558 Long ABS-MBS CORP US N 2 2044-03-11 Variable 0.03548750 N N N N N N VENTAS RLTY LTD PARTNERSHIP 32SXKSJ72K64GM3HOU64 VENTAS RLTY LTD PARTNERSHIP 4.75% 11/15/2030 92277GAV9 1000000.00000000 PA USD 1013284.30000000 0.349608852826 Long DBT CORP US N 2 2030-11-15 Fixed 0.04750000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 3.1% 06/15/2050 03027XBD1 1500000.00000000 PA USD 984857.90000000 0.339801021900 Long DBT CORP US N 2 2050-06-15 Fixed 0.03100000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 2.25% 01/15/2031 22822VAT8 1500000.00000000 PA USD 1341598.31000000 0.462885535789 Long DBT CORP US N 2 2031-01-15 Fixed 0.02250000 N N N N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 3% 07/15/2050 29444UBJ4 2500000.00000000 PA USD 1590587.63000000 0.548793183358 Long DBT CORP US N 2 2050-07-15 Fixed 0.03000000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 4% 01/15/2031 361841AQ2 1000000.00000000 PA USD 956384.60000000 0.329977009282 Long DBT CORP US N 2 2031-01-15 Fixed 0.04000000 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2020-NNN N/A JPMCC 2020-NNN FFX 4.6254% 01/16/2037 144A 46652BBN8 1406000.00000000 PA USD 337440.00000000 0.116425381600 Long ABS-MBS CORP US N 3 2037-01-16 Fixed 0.04625400 N N N N N N COSTAR GROUP INC 984500Q1D53D08E2E698 COSTAR GROUP INC 2.8% 07/15/2030 144A 22160NAA7 1035000.00000000 PA USD 952816.55000000 0.328745941291 Long DBT CORP US N 2 2030-07-15 Fixed 0.02800000 N N N N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 IRON MOUNTAIN INC 4.5% 02/15/2031 144A 46284VAN1 500000.00000000 PA USD 477808.85000000 0.164856204639 Long DBT CORP US N 2 2031-02-15 Fixed 0.04500000 N N N N N N WILLIAMS SCOTSMAN INC 549300DAKDS8SCO1OT57 WILLIAMS SCOTSMAN INC 4.625% 08/15/2028 144A 96950GAE2 750000.00000000 PA USD 747200.48000000 0.257803168019 Long DBT CORP US N 2 2028-08-15 Fixed 0.04625000 N N N N N N AGREE LP 549300DXY3G299V1BO77 AGREE LP 2.9% 10/01/2030 008513AA1 500000.00000000 PA USD 467424.11000000 0.161273205240 Long DBT CORP US N 2 2030-10-01 Fixed 0.02900000 N N N N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LXP INDUSTRIAL TRUST 2.7% 09/15/2030 529043AE1 78000.00000000 PA USD 71483.21000000 0.024663525374 Long DBT CORP US N 2 2030-09-15 Fixed 0.02700000 N N N N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 2.95% 09/15/2051 29444UBM7 2000000.00000000 PA USD 1251587.20000000 0.431829413723 Long DBT CORP US N 2 2051-09-15 Fixed 0.02950000 N N N N N N LAMAR MEDIA CORP N/A LAMAR MEDIA CORP 4% 02/15/2030 513075BT7 875000.00000000 PA USD 845929.70000000 0.291867259750 Long DBT CORP US N 2 2030-02-15 Fixed 0.04000000 N N N N N N REXFORD INDUSTRIAL REALTY LP 549300028US163ELJN70 REXFORD INDUSTRIAL REALTY LP 2.125% 12/01/2030 76169XAA2 1000000.00000000 PA USD 894945.80000000 0.308779060802 Long DBT CORP US N 2 2030-12-01 Fixed 0.02125000 N N N N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 4% 05/01/2031 144A 432833AL5 500000.00000000 PA USD 477273.60000000 0.164671529777 Long DBT CORP US N 2 2031-05-01 Fixed 0.04000000 N N N N N N VORNADO REALTY TRUST N/A VORNADO REALTY TRUST SER N 5.25% PERP PFD 929042810 4166.00000000 NS USD 73779.86000000 0.025455928031 Long EP CORP US N 1 N N N GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP N/A GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP 3.75% 12/15/2027 144A 37892AAA8 925000.00000000 PA USD 900071.81000000 0.310547664614 Long DBT CORP US N 2 2027-12-15 Fixed 0.03750000 N N N N N N UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC N/A UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 6.5% 02/15/2029 144A 91327BAA8 820000.00000000 PA USD 797520.11000000 0.275164720072 Long DBT CORP US N 2 2029-02-15 Fixed 0.06500000 N N N N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 3.625% 02/15/2032 144A 432833AN1 200000.00000000 PA USD 185149.42000000 0.063881258525 Long DBT CORP US N 2 2032-02-15 Fixed 0.03625000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 2.9% 04/01/2041 22822VAX9 975000.00000000 PA USD 711161.96000000 0.245368962106 Long DBT CORP US N 2 2041-04-01 Fixed 0.02900000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 2.1% 04/01/2031 22822VAW1 2000000.00000000 PA USD 1766683.30000000 0.609550667883 Long DBT CORP US N 2 2031-04-01 Fixed 0.02100000 N N N N N N WP CAREY INC 54930042CRNE713E3Q67 WP CAREY INC 2.25% 04/01/2033 92936UAH2 1000000.00000000 PA USD 845185.31000000 0.291610426269 Long DBT CORP US N 2 2033-04-01 Fixed 0.02250000 N N N N N N GLOBAL PARTNERS LP 549300PCHWTW9P4DU444 GLOBAL PARTNERS LP SER B 9.5% PERP PFD 37946R307 12200.00000000 NS USD 315894.60000000 0.108991670669 Long EP CORP US N 1 N N N MHC COML MTG TR 2021-MHC N/A MHC 2021 MHC G TSFR1M+331.544 9 04/15/2026 144A 55316VAN4 1076800.00000000 PA USD 1076800.00000000 0.371523384625 Long ABS-MBS CORP US N 2 2038-04-15 Variable 0.06995442 N N N N N N SAFEHOLD GL HOLDINGS LLC 54930012UY5Z4Q8NL108 SAFEHOLD GL HOLDINGS LLC 2.8% 06/15/2031 78646UAA7 500000.00000000 PA USD 459273.99000000 0.158461206570 Long DBT CORP US N 2 2031-06-15 Fixed 0.02800000 N N N N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 2.5% 05/15/2031 29444UBS4 2000000.00000000 PA USD 1812486.46000000 0.625353922925 Long DBT CORP US N 2 2031-05-15 Fixed 0.02500000 N N N N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TRUST 6.375% PERP PFD 70509V803 20200.00000000 NS USD 404000.00000000 0.139390274320 Long EP CORP US N 1 N N N AGREE LP 549300DXY3G299V1BO77 AGREE LP 2.6% 06/15/2033 008513AC7 1000000.00000000 PA USD 862878.99000000 0.297715195845 Long DBT CORP US N 2 2033-06-15 Fixed 0.02600000 N N N N N N SUNSTONE HOTEL INVS INC NEW 529900ZQ2V52V96ATF67 SUNSTONE HOTEL INVS INC SER H 6.125% PFD PERP 867892804 20000.00000000 NS USD 417000.00000000 0.143875604930 Long EP CORP US N 1 N N N ARBOR REALTY TRUST INC 549300ASFUWYQO0RW077 ARBOR REALTY TRUST INC SER D 6.375% PERP PFD 038923876 12400.00000000 NS USD 219612.68000000 0.075771959677 Long EP CORP US N 1 N N N HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC N/A HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC 4.875% 07/01/2031 144A 43284MAB4 740000.00000000 PA USD 690206.73000000 0.238138874833 Long DBT CORP US N 2 2031-07-01 Fixed 0.04875000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 2.5% 07/15/2031 22822VAY7 1500000.00000000 PA USD 1343573.54000000 0.463567040372 Long DBT CORP US N 2 2031-07-15 Fixed 0.02500000 N N N N N N SUN CMNTYS OPER LTD PRTNRSHP 549300PUNBPJCGT6X741 SUN CMNTYS OPER LTD PRTNRSHP 2.7% 07/15/2031 866677AE7 2500000.00000000 PA USD 2270749.33000000 0.783466267381 Long DBT CORP US N 2 2031-07-15 Fixed 0.02700000 N N N N N N GLADSTONE COMMERCIAL CORP 529900EVVV534W8R0T32 GLADSTONE COMMERCIAL CORP SER G 6% PFD PERP 376536884 64500.00000000 NS USD 1308698.55000000 0.451534281900 Long EP CORP US N 1 N N N CREDIT SUISSE COM MTG TR 2021 N/A CREDIT SUISSE COM MTG TR 2021-SOP2 F STEP 06/15/2034 144A 12657VAQ5 800000.00000000 PA USD 438965.36000000 0.151454212741 Long ABS-MBS CORP US N 2 2034-06-15 Variable 0.08111548 N N N N N N CTO REALTY GROWTH INC 254900ZQ99OFO1WXS678 CTO REALTY GROWTH INC 6.375% PFD PERP 22948Q200 20000.00000000 NS USD 406002.00000000 0.140081015234 Long EP CORP US N 1 N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 2.375% 07/15/2031 02666TAC1 2000000.00000000 PA USD 1785115.20000000 0.615910142133 Long DBT CORP US N 2 2031-07-15 Fixed 0.02375000 N N N N N N PKHL COML MTG TR 2021-MF N/A PKHL COML MTG TR 2021-MF G TSFR1M+446.448 07/15/2038 144A 69356GAS8 500000.00000000 PA USD 93233.85000000 0.032168049325 Long ABS-MBS CORP US N 2 2038-07-15 Variable 0.08145480 N N N N N N HOME PARTNERS AMER 2021-1 TR N/A HOME PARTNERS AMER 2021-1 TR 3.325% 09/17/2041 144A 437300AL0 406471.33000000 PA USD 367755.79000000 0.126885100126 Long ABS-CBDO CORP US N 2 2041-09-17 Fixed 0.03325000 N N N N N N MHP COML MTG TR 2021-STOR N/A MERIT 2021-STOR G TSFR1M+286.448 07/15/2038 144A 55293BAP0 250000.00000000 PA USD 249687.50000000 0.086148537424 Long ABS-MBS CORP US N 2 2038-07-15 Variable 0.06545480 N N N N N N SUNSTONE HOTEL INVS INC NEW 529900ZQ2V52V96ATF67 SUNSTONE HOTEL INVS INC SER I 5.7% PERP PFD 867892887 38700.00000000 NS USD 747103.50000000 0.257769707452 Long EP CORP US N 1 N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TR SER H 5.7% PERP PFD 70509V886 50200.00000000 NS USD 898580.00000000 0.310032952225 Long EP CORP US N 1 N N N MHC COML MTG TR 2021-MHC N/A MHC COML MTG TR 2021-MHC TSFR1M+271.544 096 04/15/2038 144A 55316VAL8 555200.00000000 PA USD 555200.00000000 0.191558119561 Long ABS-MBS CORP US N 2 2038-04-15 Variable 0.06395442 N N N N N N INVITATION HOMES OPERATING PARTNERSHIP LP 549300147YMUQB3GW319 INVITATION HOMES OPERATING PARTNERSHIP LP 2% 08/15/2031 46188BAA0 1000000.00000000 PA USD 870893.69000000 0.300480471171 Long DBT CORP US N 2 2031-08-15 Fixed 0.02000000 N N N N N N BSREP COML MTG TR 2021-DC N/A BSREP COML MTG TR 2021-DC TSFR1M+296.448 08/15/2038 144A 05591UAL1 91176.85000000 PA USD 38077.18000000 0.013137595459 Long ABS-MBS CORP US N 2 2038-08-15 Variable 0.06645480 N N N N N N BSREP COML MTG TR 2021-DC N/A BSREP COML MTG TR 2021-DC TSFR1M+396.448 08/15/2038 144A 05591UAN7 213030.04000000 PA USD 76226.20000000 0.026299977545 Long ABS-MBS CORP US N 2 2038-08-15 Variable 0.07645480 N N N N N N SUMMIT HOTEL PROPERTIES INC 254900OBQWJK6X20LS71 SUMMIT HOTEL PPTYS INC SER F 5.875% PERP PFD 866082704 61000.00000000 NS USD 1105930.00000000 0.381573975444 Long EP CORP US N 1 N N N KENNEDY-WILSON INC 5EA4464UK7FM5QNNKL62 KENNEDY-WILSON INC 4.75% 02/01/2030 489399AN5 1755000.00000000 PA USD 1686730.50000000 0.581964918564 Long DBT CORP US N 2 2030-02-01 Fixed 0.04750000 N N N N N N VENTAS RLTY LTD PARTNERSHIP 32SXKSJ72K64GM3HOU64 VENTAS RLTY LTD PARTNERSHIP 2.5% 09/01/2031 92277GAW7 500000.00000000 PA USD 449415.57000000 0.155059800956 Long DBT CORP US N 2 2031-09-01 Fixed 0.02500000 N N N N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LXP INDUSTRIAL TRUST 2.375% 10/01/2031 529537AA0 500000.00000000 PA USD 438300.95000000 0.151224974394 Long DBT CORP US N 2 2031-10-01 Fixed 0.02375000 N N N N N N PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD N/A PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD 3% 12/26/2070 144A 74167UAE7 250000.00000000 PA USD 214525.00000000 0.074016580689 Long ABS-MBS CORP KY N 2 2070-12-26 Fixed 0.03000000 N N N N N N AGREE REALTY CORP N/A AGREE REALTY CORP 4.375% PERP PFD 008492209 38700.00000000 NS USD 666414.00000000 0.229929777898 Long EP CORP US N 1 N N N RLJ LODGING TRUST LP 549300RX5I8Z6I6LDZ74 RLJ LODGING TRUST LP 4% 09/15/2029 144A 74965LAB7 715000.00000000 PA USD 678506.26000000 0.234101915123 Long DBT CORP US N 2 2029-09-15 Fixed 0.04000000 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 2.35% 03/15/2032 30225VAG2 2000000.00000000 PA USD 1748360.42000000 0.603228808305 Long DBT CORP US N 2 2032-03-15 Fixed 0.02350000 N N N N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP SER D 7%/VAR PFD PERP 64828T706 17100.00000000 NS USD 420831.00000000 0.145197397358 Long EP CORP US N 1 N N N SABRA HEALTH CARE LP 549300OVKLRFSIQG0H81 SABRA HEALTH CARE LP 3.2% 12/01/2031 78574MAA1 415000.00000000 PA USD 379935.00000000 0.131087237311 Long DBT CORP US N 2 2031-12-01 Fixed 0.03200000 N N N N N N UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC N/A UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A 91327AAB8 1040000.00000000 PA USD 990521.90000000 0.341755245944 Long DBT CORP US N 2 2030-01-15 Fixed 0.06000000 N N N N N N Phillips Edison Grocery Center Operating Partnership I LP 549300WUPIVS6ZE0ZI51 Phillips Edison Grocery Center Operating Partnership I LP 2.625% 11/15/2031 71845JAA6 3000000.00000000 PA USD 2686318.53000000 0.926848209924 Long DBT CORP US N 2 2031-11-15 Fixed 0.02625000 N N N N N N NATIONAL HEALTHCARE PROPERTIES INC 549300Z2NSUGF5NF2Y30 HEALTHCARE TRUST INC 7.125% PERP PFD 42226B303 40300.00000000 NS USD 756834.00000000 0.261126977413 Long EP CORP US N 1 N N N ARBOR REALTY TRUST INC 549300ASFUWYQO0RW077 ARBOR REALTY TRUST INC SER F 6.25%/VAR PFD PERP 038923850 14100.00000000 NS USD 315417.00000000 0.108826886523 Long EP CORP US N 1 N N N WP CAREY INC 54930042CRNE713E3Q67 WP CAREY INC 2.45% 02/01/2032 92936UAJ8 1000000.00000000 PA USD 883917.66000000 0.304974072040 Long DBT CORP US N 2 2032-02-01 Fixed 0.02450000 N N N N N N HOME PARTNERS AMER 2021-2 TR N/A HOME PARTNERS AMER 2021-2 TR 4.505% 12/17/2026 144A 43732VAN6 959495.71000000 PA USD 946042.33000000 0.326408663113 Long ABS-CBDO CORP US N 2 2026-12-17 Fixed 0.04505000 N N N N N N HUDSON PACIFIC PROPERTIES INC 529900EURZA5HRSXQ389 HUDSON PACIFIC PROPERTIES INC 4.75% PFD PERP C 444097307 22900.00000000 NS USD 358614.00000000 0.123730950087 Long EP CORP US N 1 N N N M/I HOMES INC 5299005M71FH9CCSFB69 M/I HOMES INC 3.95% 02/15/2030 55305BAV3 1430000.00000000 PA USD 1376250.88000000 0.474841553706 Long DBT CORP US N 2 2030-02-15 Fixed 0.03950000 N N N N N N STWD TR 2021-LIH N/A STWD TR 2021-LIH TSFR1M+424.7 11/15/2036 144A 78486EAU2 1280000.00000000 PA USD 1273288.83000000 0.439317027978 Long ABS-MBS CORP US N 2 2036-11-15 Variable 0.07995000 N N N N N N SAFEHOLD GL HOLDINGS LLC 54930012UY5Z4Q8NL108 SAFEHOLD GL HOLDINGS LLC 2.85% 01/15/2032 78646UAB5 1250000.00000000 PA USD 1128557.61000000 0.389381076348 Long DBT CORP US N 2 2032-01-15 Fixed 0.02850000 N N N N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 3.1% 12/15/2029 756109BK9 1000000.00000000 PA USD 965320.95000000 0.333060277297 Long DBT CORP US N 2 2029-12-15 Fixed 0.03100000 N N N N N N SREIT TR 2021-MFP2 N/A SREIT TR 2021-MFP2 TSFR1M+402.998 55 11/15/2036 144A 85236WCU8 1000000.00000000 PA USD 998017.90000000 0.344341556579 Long ABS-MBS CORP US N 2 2036-11-15 Variable 0.07709980 N N N N N N CUBESMART LP 549300MPHKO3I3FJRA97 CUBESMART LP 2.5% 02/15/2032 22966RAJ5 1500000.00000000 PA USD 1331011.53000000 0.459232827452 Long DBT CORP US N 2 2032-02-15 Fixed 0.02500000 N N N N N N MHP 2022-MHIL MEZZ N/A MHP 2022-MHIL MEZZ SOFR+500 01/09/2027 N/A 3514501.71000000 PA USD 3426639.17000000 1.182277658179 Long LON CORP US N 3 2027-01-09 Variable 0.08750120 N N N N N N SBA COMMUNICATIONS CORP 5299001HX8ZN8Y8QIT49 SBA COMMUNICATIONS CORP 3.125% 02/01/2029 78410GAG9 2500000.00000000 PA USD 2387779.38000000 0.823844610880 Long DBT CORP US N 2 2029-02-01 Fixed 0.03125000 N N N N N N BX TR 2022-LBA6 N/A BX TR 2022-LBA6 TSFR1M+335 01/15/2039 144A 12433EAQ4 700000.00000000 PA USD 699125.00000000 0.241215904788 Long ABS-MBS CORP US N 2 2039-01-15 Variable 0.07030190 N N N N N N INVITATION HOMES OPERATING PARTNERSHIP LP 549300147YMUQB3GW319 INVITATION HOMES OPERATING PARTNERSHIP LP 4.15% 04/15/2032 46188BAD4 1000000.00000000 PA USD 965524.03000000 0.333130345061 Long DBT CORP US N 2 2032-04-15 Fixed 0.04150000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 4.05% 03/15/2032 03027XBW9 1500000.00000000 PA USD 1461336.39000000 0.504198218507 Long DBT CORP US N 2 2032-03-15 Fixed 0.04050000 N N N N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 3.625% 04/15/2032 02666TAE7 1000000.00000000 PA USD 939231.99000000 0.324058922616 Long DBT CORP US N 2 2032-04-15 Fixed 0.03625000 N N N N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 VICI PROPERTIES LP 5.125% 05/15/2032 925650AD5 500000.00000000 PA USD 503073.51000000 0.173573154857 Long DBT CORP US N 2 2032-05-15 Fixed 0.05125000 N N N N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 VICI PROPERTIES LP 5.625% 05/15/2052 925650AE3 667000.00000000 PA USD 624222.35000000 0.215372585652 Long DBT CORP US N 2 2052-05-15 Fixed 0.05625000 N N N N N N KIMCO REALTY OP LLC 549300EA7I6T15IBYS12 KIMCO REALTY OP LLC 4.6% 02/01/2033 49446RBA6 1000000.00000000 PA USD 996115.45000000 0.343685162947 Long DBT CORP US N 2 2033-02-01 Fixed 0.04600000 N N N N N N AGREE LP 549300DXY3G299V1BO77 AGREE LP 4.8% 10/01/2032 008513AD5 77000.00000000 PA USD 77589.13000000 0.026770223056 Long DBT CORP US N 2 2032-10-01 Fixed 0.04800000 N N N N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 5.625% 10/13/2032 756109BP8 1000000.00000000 PA USD 1059643.23000000 0.365603862652 Long DBT CORP US N 2 2032-10-13 Fixed 0.05625000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.65% 03/15/2033 03027XBZ2 2000000.00000000 PA USD 2103630.00000000 0.725805848438 Long DBT CORP US N 2 2033-03-15 Fixed 0.05650000 N N N N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 5.85% 03/08/2053 828807DV6 1000000.00000000 PA USD 1018380.91000000 0.351367312890 Long DBT CORP US N 2 2053-03-08 Fixed 0.05850000 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5.25% 06/15/2053 74340XCF6 1500000.00000000 PA USD 1426968.72000000 0.492340498336 Long DBT CORP US N 2 2053-06-15 Fixed 0.05250000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 5.1% 05/01/2033 22822VBC4 2500000.00000000 PA USD 2526210.75000000 0.871606954045 Long DBT CORP US N 2 2033-05-01 Fixed 0.05100000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.55% 07/15/2033 03027XCD0 1000000.00000000 PA USD 1044654.08000000 0.360432224706 Long DBT CORP US N 2 2033-07-15 Fixed 0.05550000 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 5.5% 07/01/2030 30225VAK3 1000000.00000000 PA USD 1040565.09000000 0.359021419167 Long DBT CORP US N 2 2030-07-01 Fixed 0.05500000 N N N N N N CBRE SERVICES INC 549300CTE3HOMEUMM603 CBRE SERVICES INC 5.95% 08/15/2034 12505BAG5 1750000.00000000 PA USD 1862462.35000000 0.642596875936 Long DBT CORP US N 2 2034-08-15 Fixed 0.05950000 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 4.875% 06/15/2028 74340XCG4 1000000.00000000 PA USD 1022628.27000000 0.352832760107 Long DBT CORP US N 2 2028-06-15 Fixed 0.04875000 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5.125% 01/15/2034 74340XCH2 2000000.00000000 PA USD 2044848.80000000 0.705524839545 Long DBT CORP US N 2 2034-01-15 Fixed 0.05125000 N N N N N N PUBLIC STORAGE OPERATING CO 549300LMZF40TKJ6DM64 PUBLIC STORAGE OPERATING CO 5.1% 08/01/2033 74460WAG2 1000000.00000000 PA USD 1032629.79000000 0.356283538861 Long DBT CORP US N 2 2033-08-01 Fixed 0.05100000 N N N N N N PUBLIC STORAGE OPERATING CO 549300LMZF40TKJ6DM64 PUBLIC STORAGE OPERATING CO 5.35% 08/01/2053 74460WAH0 2500000.00000000 PA USD 2415710.55000000 0.833481574861 Long DBT CORP US N 2 2053-08-01 Fixed 0.05350000 N N N N N N INVITATION HOMES OPERATING PARTNERSHIP LP 549300147YMUQB3GW319 INVITATION HOMES OPERATING PARTNERSHIP LP 5.5% 08/15/2033 46188BAF9 3000000.00000000 PA USD 3077217.24000000 1.061718206010 Long DBT CORP US N 2 2033-08-15 Fixed 0.05500000 N N N N N N NNN REIT INC 5493008JKH5SOTI0JS97 NNN REIT INC 5.6% 10/15/2033 637417AS5 311000.00000000 PA USD 324188.07000000 0.111853128734 Long DBT CORP US N 2 2033-10-15 Fixed 0.05600000 N N N N N N GS MTG SECS CORP TR 2023-SHIP N/A GS MTG SECS CORP TR 2023-SHIP 7.68138% 09/10/2038 144A 36270GAJ0 1000000.00000000 PA USD 1003626.90000000 0.346276804224 Long ABS-MBS CORP US N 2 2038-09-10 Variable 0.07433600 N N N N N N REGENCY CENTERS CORP(REIT) 529900053A7X7FJ97S58 REGENCY CENTERS CORP REIT SER A 6.25% PFD PERP 758849889 51175.00000000 NS USD 1200053.75000000 0.414049062901 Long EP CORP US N 1 N N N REGENCY CENTERS CORP(REIT) 529900053A7X7FJ97S58 REGENCY CENTERS CORP(REIT) 5.875% PERP PFD 758849871 28775.00000000 NS USD 644560.00000000 0.222389592119 Long EP CORP US N 1 N N N GLOBAL NET LEASE INC 549300NUYANCT5SU8Z65 GLOBAL NET LEASE INC 7.5% PFD PERP 379378508 34998.00000000 NS USD 864100.62000000 0.298136689263 Long EP CORP US N 1 N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.9% 11/15/2033 03027XCF5 1500000.00000000 PA USD 1602068.66000000 0.552754430688 Long DBT CORP US N 2 2033-11-15 Fixed 0.05900000 N N N N N N GLOBAL NET LEASE INC 549300NUYANCT5SU8Z65 GLOBAL NET LEASE INC 7.375% PFD PERP E 379378607 19100.00000000 NS USD 445985.00000000 0.153876167061 Long EP CORP US N 1 N N N KIMCO REALTY OP LLC 549300EA7I6T15IBYS12 KIMCO REALTY OP LLC 6.4% 03/01/2034 49447BAA1 1576000.00000000 PA USD 1733944.47000000 0.598254938936 Long DBT CORP US N 2 2034-03-01 Fixed 0.06400000 N N N N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LXP INDUSTRIAL TRUST 6.75% 11/15/2028 529043AF8 62000.00000000 PA USD 65568.94000000 0.022622951815 Long DBT CORP US N 2 2028-11-15 Fixed 0.06750000 N N N N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 6.65% 01/15/2054 828807DX2 1000000.00000000 PA USD 1119841.17000000 0.386373682876 Long DBT CORP US N 2 2054-01-15 Fixed 0.06650000 N N N N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 6.25% 01/15/2034 828807DW4 2000000.00000000 PA USD 2184585.00000000 0.753737382244 Long DBT CORP US N 2 2034-01-15 Fixed 0.06250000 N N N N N N EG GLOBAL FINANCE PLC 549300TL8Q5207VYET27 EG GLOBAL FINANCE PLC 12% 11/30/2028 144A 28228PAC5 750000.00000000 PA USD 811776.69000000 0.280083602738 Long DBT CORP GB N 2 2028-11-30 Fixed 0.12000000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 6.75% 12/01/2033 361841AS8 500000.00000000 PA USD 541702.50000000 0.186901138800 Long DBT CORP US N 2 2033-12-01 Fixed 0.06750000 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 5.9% 01/15/2031 30225VAR8 1000000.00000000 PA USD 1058166.05000000 0.365094197986 Long DBT CORP US N 2 2031-01-15 Fixed 0.05900000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 5.8% 03/01/2034 22822VBE0 500000.00000000 PA USD 523940.61000000 0.180772835038 Long DBT CORP US N 2 2034-03-01 Fixed 0.05800000 N N N N N N BRIXMOR OPERATING PARTNERSHIP LP 549300CJHBL7JBUA6503 BRIXMOR OPERATING PARTNERSHIP LP 5.5% 02/15/2034 11120VAM5 500000.00000000 PA USD 513438.04000000 0.177149181292 Long DBT CORP US N 2 2034-02-15 Fixed 0.05500000 N N N N N N KITE REALTY GROUP LP 549300X6R2GYI8Y3OD81 KITE REALTY GROUP LP 5.5% 03/01/2034 49803XAE3 1000000.00000000 PA USD 1027887.43000000 0.354647304055 Long DBT CORP US N 2 2034-03-01 Fixed 0.05500000 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 5.4% 02/01/2034 30225VAS6 2000000.00000000 PA USD 2047028.10000000 0.706276753468 Long DBT CORP US N 2 2034-02-01 Fixed 0.05400000 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5% 03/15/2034 74340XCJ8 1500000.00000000 PA USD 1523656.23000000 0.525700148193 Long DBT CORP US N 2 2034-03-15 Fixed 0.05000000 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5.25% 03/15/2054 74340XCK5 1500000.00000000 PA USD 1425798.51000000 0.491936746126 Long DBT CORP US N 2 2054-03-15 Fixed 0.05250000 N N N N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 5.5% 02/01/2034 02666TAG2 1500000.00000000 PA USD 1535639.67000000 0.529834739750 Long DBT CORP US N 2 2034-02-01 Fixed 0.05500000 N N N N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 4% 07/15/2029 756109CB8 1000000.00000000 PA USD 997558.06000000 0.344182900084 Long DBT CORP US N 2 2029-07-15 Fixed 0.04000000 N N N N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 3.4% 01/15/2030 756109CC6 500000.00000000 PA USD 485536.32000000 0.167522378310 Long DBT CORP US N 2 2030-01-15 Fixed 0.03400000 N N N N N N SAFEHOLD GL HOLDINGS LLC 54930012UY5Z4Q8NL108 SAFEHOLD GL HOLDINGS LLC 6.1% 04/01/2034 785931AA4 1400000.00000000 PA USD 1488253.33000000 0.513485247345 Long DBT CORP US N 2 2034-04-01 Fixed 0.06100000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.45% 02/15/2034 03027XCH1 2000000.00000000 PA USD 2071842.06000000 0.714838200724 Long DBT CORP US N 2 2034-02-15 Fixed 0.05450000 N N N N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 VICI PROPERTIES LP 6.125% 04/01/2054 925650AG8 1254000.00000000 PA USD 1255659.58000000 0.433234488390 Long DBT CORP US N 2 2054-04-01 Fixed 0.06125000 N N N N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 VICI PROPERTIES LP 5.75% 04/01/2034 925650AF0 32000.00000000 PA USD 33017.84000000 0.011391994492 Long DBT CORP US N 2 2034-04-01 Fixed 0.05750000 N N N N N N ESSEX PORTFOLIO LP 5493003GN3O58H286O74 ESSEX PORTFOLIO LP 5.5% 04/01/2034 29717PBA4 1006000.00000000 PA USD 1036437.42000000 0.357597268044 Long DBT CORP US N 2 2034-04-01 Fixed 0.05500000 N N N N N N MORGAN STANLEY CAP I TR 2024-BPR2 3IFG42XD94UUZ7FL2766 MORGAN STANLEY CAP I TR 2024-BPR2 7.291% 05/05/2029 144A 61776EAA1 962328.93000000 PA USD 1010545.46000000 0.348663883373 Long ABS-MBS CORP US N 2 2029-05-05 Fixed 0.07291000 N N N N N N AGREE LP 549300DXY3G299V1BO77 AGREE LP 5.625% 06/15/2034 008513AE3 25000.00000000 PA USD 26148.99000000 0.009022066557 Long DBT CORP US N 2 2034-06-15 Fixed 0.05625000 N N N N N N Phillips Edison Grocery Center Operating Partnership I LP 549300WUPIVS6ZE0ZI51 Phillips Edison Grocery Center Operating Partnership I LP 5.75% 07/15/2034 71845JAB4 1000000.00000000 PA USD 1045401.27000000 0.360690024258 Long DBT CORP US N 2 2034-07-15 Fixed 0.05750000 N N N N N N BX 2024 VLT4 N/A BX 2024 VLT4 F TSFR1M+393.788 07/15/2029 144A 05612TAL9 750000.00000000 PA USD 750850.28000000 0.259062441839 Long ABS-MBS CORP US N 2 2041-06-15 Variable 0.07618067 N N N N N N EQUINIX EUROPE 2 FINANCING CORP LLC 254900FSZR46BPMCKI50 EQUINIX EUROPE 2 FINANCING CORP LLC 5.5% 06/15/2034 29390XAA2 1000000.00000000 PA USD 1032856.26000000 0.356361676770 Long DBT CORP US N 2 2034-06-15 Fixed 0.05500000 N N N N N N SWITCH ABS ISSUER LLC N/A SWITCH ABS ISSUER LLC 10.033% 06/25/2054 144A 871044AJ2 750000.00000000 PA USD 776409.30000000 0.267880953742 Long ABS-CBDO CORP US N 2 2054-06-25 Fixed 0.10033000 N N N N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 5.5% 07/15/2034 02666TAH0 3000.00000000 PA USD 3067.85000000 0.001058486269 Long DBT CORP US N 2 2034-07-15 Fixed 0.05500000 N N N N N N CHOICE HOTELS INTERNATIONAL INC 5493003CYRY5RFGTIR97 CHOICE HOTELS INTERNATIONAL INC 5.85% 08/01/2034 169905AH9 250000.00000000 PA USD 256133.47000000 0.088372561004 Long DBT CORP US N 2 2034-08-01 Fixed 0.05850000 N N N N N N CONE TR 2024-DFW1 N/A CONE TR 2024-DFW1 E TSFR1M+388.79 08/15/2026 144A 20682AAN0 500000.00000000 PA USD 499636.70000000 0.172387368004 Long ABS-MBS CORP US N 2 2041-08-15 Variable 0.07568670 N N N N N N EQT TR 2024-EXTR N/A EQT TR 2024-EXTR B CSTR 07/05/2041 144A 29439DAC5 1000000.00000000 PA USD 1018871.60000000 0.351536613419 Long ABS-MBS CORP US N 2 2041-07-05 Variable 0.05654600 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 5.625% 09/15/2034 361841AT6 500000.00000000 PA USD 506146.50000000 0.174633414558 Long DBT CORP US N 2 2034-09-15 Fixed 0.05625000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 6.25% 09/15/2054 361841AU3 500000.00000000 PA USD 495832.25000000 0.171074736001 Long DBT CORP US N 2 2054-09-15 Fixed 0.06250000 N N N N N N GS MTG SECS CORP TR 2024-RVR N/A GS MTG SECS CORP TR 2024-RVR A VAR 08/10/2029 144A 36272JAA1 500000.00000000 PA USD 506851.85000000 0.174876778246 Long ABS-MBS CORP US N 2 2041-08-10 Variable 0.05371591 N N N N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 5.875% 03/15/2033 144A 432833AR2 200000.00000000 PA USD 205224.00000000 0.070807499151 Long DBT CORP US N 2 2033-03-15 Fixed 0.05875000 N N N N N N AMERICOLD REALTY OPERATING PARTNERSHIP LP 549300FKD9KVWNHSUU79 AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.409% 09/12/2034 03063UAA9 750000.00000000 PA USD 735363.95000000 0.253719264148 Long DBT CORP US N 2 2034-09-12 Fixed 0.05409000 N N N N N N Phillips Edison Grocery Center Operating Partnership I LP 549300WUPIVS6ZE0ZI51 Phillips Edison Grocery Center Operating Partnership I LP 4.95% 01/15/2035 71845JAC2 2000.00000000 PA USD 1965.36000000 0.000678099182 Long DBT CORP US N 2 2035-01-15 Fixed 0.04950000 N N N N N N RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP N/A RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP 6% 09/15/2049 144A 76134KAJ3 553000.00000000 PA USD 542886.29000000 0.187309576455 Long ABS-CBDO CORP US N 2 2049-09-15 Fixed 0.05775000 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2024-OMNI N/A J P MORGAN CHASE COML MTG SECS TR 2024-OMNI VAR 10/05/2039 144A 46593JAJ3 356000.00000000 PA USD 352546.12000000 0.121637377172 Long ABS-MBS CORP US N 2 2039-10-05 Variable 0.05797150 N N N N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 4.75% 09/26/2034 828807DY0 1500000.00000000 PA USD 1487529.48000000 0.513235500686 Long DBT CORP US N 2 2034-09-26 Fixed 0.04750000 N N N N N N MORGAN STANLEY CAP I TR 2024-NSTB N/A MORGAN STANLEY CAP I TR 2024-NSTB VAR 09/20/2032 144A 61690BAG7 739000.00000000 PA USD 713172.10000000 0.246062511526 Long ABS-MBS CORP US N 2 2057-09-24 Variable 0.03900000 N N N N N N SHR TR 2024-LXRY N/A SHR TR 2024-LXRY D TSFR1M+350 10/15/2041 144A 784234AG1 512000.00000000 PA USD 517114.78000000 0.178417750097 Long ABS-MBS CORP US N 2 2041-10-15 Variable 0.07280190 N N N N N N NXPT COML MTG TR N/A NXPT COML MTG TR 6.92673% 11/05/2041 144A 67119YAJ1 1022000.00000000 PA USD 1034451.95000000 0.356912230401 Long ABS-MBS CORP US N 2 2041-11-05 Variable 0.06703290 N N N N N N ROCC 2024-CNTR E N/A ROCC 2024-CNTR E 8.81906% 11/13/2041 144A 74970WAJ9 720000.00000000 PA USD 765541.66000000 0.264131341562 Long ABS-MBS CORP US N 2 2041-11-13 Fixed 0.08819060 N N N N N N BX COML MTG TR 2024-VLT5 N/A BX COML MTG TR 2024-VLT5 B CSTR 11/13/2046 144A 05614JAC9 353000.00000000 PA USD 362050.04000000 0.124916471270 Long ABS-MBS CORP US N 2 2046-11-13 Variable 0.05801490 N N N N N N BPR TR 2024-PMDW N/A BPR TR 2024-PMDW D VAR 11/05/2029 144A 05592VAJ3 254000.00000000 PA USD 253801.96000000 0.087568130761 Long ABS-MBS CORP US N 2 2041-11-05 Variable 0.05850000 N N N N N N BFLD COML MTG TR 2024-UNIV N/A BFLD COML MTG TR 2024-UNIV TSFR1M+269.09 11/15/2029 144A 08861RAG6 381000.00000000 PA USD 383262.19000000 0.132235202477 Long ABS-MBS CORP US N 2 2041-11-15 Variable 0.06371090 N N N N N N BPR COML MTG TR 2024-PK N/A BPR COML MTG TR 2024-PARK C VAR 11/05/2039 144A 05593UAG0 303000.00000000 PA USD 312619.07000000 0.107861529517 Long ABS-MBS CORP US N 2 2039-11-05 Variable 0.06183320 N N N N N N SELF COMMERCIAL MORTGAGE TRUST 2024-STRG N/A SELF COMMERCIAL MORTGAGE TRUST 2024-STRG TSFR1M+294.03 11/15/2034 144A 81631WAG1 212100.00000000 PA USD 212497.69000000 0.073317107182 Long ABS-MBS CORP US N 2 2034-11-15 Variable 0.06620490 N N N N N N SELF COMMERCIAL MORTGAGE TRUST 2024-STRG N/A SELF COMMERCIAL MORTGAGE TRUST 2024-STRG E TSFR1M+418.849 11/15/2034 144A 81631WAJ5 247800.00000000 PA USD 248419.50000000 0.085711045177 Long ABS-MBS CORP US N 2 2034-11-15 Variable 0.07868680 N N N N N N BX TRUST 2024-FNX N/A BX TRUST 2024-FNX TSFR1M+294.018 11/15/2026 144A 05593TAL2 256755.69000000 PA USD 257798.76000000 0.088947128405 Long ABS-MBS CORP US N 2 2041-11-15 Variable 0.06620370 N N N N N N BX TRUST 2024-FNX N/A BX TRUST 2024-FNX TSFR1M+393.874 11/15/2026 144A 05593TAN8 864134.75000000 PA USD 863086.47000000 0.297786781722 Long ABS-MBS CORP US N 2 2041-11-15 Variable 0.07618930 N N N N N N LGI HOMES INC 549300W02B4WNV8CV109 LGI HOMES INC 7% 11/15/2032 144A 50187TAK2 595000.00000000 PA USD 580313.97000000 0.200223077897 Long DBT CORP US N 2 2032-11-15 Fixed 0.07000000 N N N N N N BX COML MTG TR 2024-VLT5 N/A BX COML MTG TR 2024-VLT5 E CSTR 11/13/2046 144A 05614JAJ4 800000.00000000 PA USD 860155.36000000 0.296775474229 Long ABS-MBS CORP US N 2 2046-11-13 Variable 0.08133883 N N N N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 IRON MOUNTAIN INC 6.25% 01/15/2033 144A 46284VAQ4 500000.00000000 PA USD 505245.50000000 0.174322546644 Long DBT CORP US N 2 2033-01-15 Fixed 0.06250000 N N N N N N MPT OPER PARTNERSHIP LP / MPT FIN CORP N/A MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A 55342UAQ7 340000.00000000 PA USD 364261.38000000 0.125679439808 Long DBT CORP US N 2 2032-02-15 Fixed 0.08500000 N N N N N N SWCH COML MTG TR 2025-DATA N/A SWCH COML MTG TR 2025-DATA F TSFR1M+418.9 03/15/2042 144A 78489CAF6 500000.00000000 PA USD 494563.05000000 0.170636829723 Long ABS-MBS CORP US N 2 2042-02-15 Variable 0.07919110 N N N N N N WILLIAMS SCOTSMAN INC 549300DAKDS8SCO1OT57 WILLIAMS SCOTSMAN INC 6.625% 04/15/2030 144A 96949VAN3 190000.00000000 PA USD 196861.09000000 0.067922082520 Long DBT CORP US N 2 2030-04-15 Fixed 0.06625000 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2025-SPOT N/A BX TRUST 2025-SPOT E TSFR1M+344.054 04/15/2040 144A 12433FAJ7 906642.11000000 PA USD 911173.42000000 0.314378002394 Long ABS-MBS CORP US N 2 2040-04-15 Variable 0.07370370 N N N N N N AMERICOLD REALTY OPERATING PARTNERSHIP LP 549300FKD9KVWNHSUU79 AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.6% 05/15/2032 03063UAB7 1000000.00000000 PA USD 1013299.30000000 0.349614028207 Long DBT CORP US N 2 2032-05-15 Fixed 0.05600000 N N N N N N ARES TR 2025-IND3 N/A ARES TR 2025-IND3 E TSFR1M+355 04/15/2027 144A 039955AL3 1000000.00000000 PA USD 1002500.00000000 0.345887995065 Long ABS-MBS CORP US N 2 2042-04-15 Variable 0.07230190 N N N N N N LAS VEGAS SANDS CORP 549300DUOO1KXOHPM605 LAS VEGAS SANDS CORP 6% 06/14/2030 517834AN7 500000.00000000 PA USD 521614.93000000 0.179970416293 Long DBT CORP US N 2 2030-06-14 Fixed 0.06000000 N N N N N N RHP HOTEL PPTYS LP and RHP FIN CORP N/A RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 06/15/2033 144A 749571AL9 295000.00000000 PA USD 305794.64000000 0.105506927612 Long DBT CORP US N 2 2033-06-15 Fixed 0.06500000 N N N N N N LINEAGE OP LP 254900CSRDL1G4SRQE89 LINEAGE OP LP 5.25% 07/15/2030 144A 53567YAA7 500000.00000000 PA USD 504257.47000000 0.173981651167 Long DBT CORP US N 2 2030-07-15 Fixed 0.05250000 N N N N N N Phillips Edison Grocery Center Operating Partnership I LP 549300WUPIVS6ZE0ZI51 Phillips Edison Grocery Center Operating Partnership I LP 5.25% 08/15/2032 71845JAD0 500000.00000000 PA USD 511822.38000000 0.176591737504 Long DBT CORP US N 2 2032-08-15 Fixed 0.05250000 N N N N N N PRM TR 2025-PRM6 N/A PRM TR 2025-PRM6 E VAR 07/05/2033 144A 74277DAJ1 500000.00000000 PA USD 502540.25000000 0.173389166595 Long ABS-MBS CORP US N 2 2033-07-05 Variable 0.06583130 N N N N N N KITE REALTY GROUP LP 549300X6R2GYI8Y3OD81 KITE REALTY GROUP LP 5.2% 08/15/2032 49803XAG8 1000000.00000000 PA USD 1021532.05000000 0.352454536328 Long DBT CORP US N 2 2032-08-15 Fixed 0.05200000 N N N N N N WELLTOWER OP LLC T6IZ0MBEG5ACZDTR7D06 WELLTOWER OP LLC 5.125% 07/01/2035 95041AAG3 1000000.00000000 PA USD 1015395.13000000 0.350337142857 Long DBT CORP US N 2 2035-07-01 Fixed 0.05125000 N N N N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 5.75% 09/15/2033 144A 432833AS0 990000.00000000 PA USD 1008562.50000000 0.347979711744 Long DBT CORP US N 2 2033-09-15 Fixed 0.05750000 N N N N N N CUSHMAN and WAKEFIELD US BORROWER LLC 549300870CMN3WI5IF97 CUSHMAN and WAKEFIELD TERM B3 1LN 01/31/2030 23340DAW2 16950.00000000 PA USD 17045.43000000 0.005881106840 Long LON CORP US N 2 2030-01-31 Variable 0.06466100 N N N N N N COMM 2025-180W MORTGAGE TRUST N/A COMM 2025-180W MORTGAGE TRUST VAR 08/10/2042 144A 12597SAJ1 2000000.00000000 PA USD 1969705.00000000 0.679598317526 Long ABS-MBS CORP US N 2 2042-08-10 Variable 0.07363510 N N N N N N MILLROSE PROPERTIES INC REIT N/A MILLROSE PROPERTIES INC REIT 6.375% 08/01/2030 144A 601137AA0 235000.00000000 PA USD 239860.98000000 0.082758138121 Long DBT CORP US N 2 2030-08-01 Fixed 0.06375000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 5.25% 02/15/2033 361841AV1 500000.00000000 PA USD 500930.00000000 0.172833589394 Long DBT CORP US N 2 2033-02-15 Fixed 0.05250000 N N N N N N MHP 2025-MHIL2 N/A MHP 2025-MHIL2 TSFR1M+350 09/15/2030 144A 59317DAJ4 2000000.00000000 PA USD 1999194.80000000 0.689773048496 Long ABS-MBS CORP US N 2 2040-09-15 Variable 0.07180190 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 5.75% 11/01/2037 361841AW9 1340000.00000000 PA USD 1329255.08000000 0.458626807533 Long DBT CORP US N 2 2037-11-01 Fixed 0.05750000 N N N N N N CENTURY CMNTYS INC 5299002QMB2O7ZL1CA26 CENTURY COMMUNITIES INC 6.625% 09/15/2033 144A 156504AN2 490000.00000000 PA USD 496257.79000000 0.171221558123 Long DBT CORP US N 2 2033-09-15 Fixed 0.06625000 N N N N N N MILLROSE PROPERTIES INC REIT N/A MILLROSE PROPERTIES INC REIT 6.25% 09/15/2032 144A 601137AB8 490000.00000000 PA USD 495526.71000000 0.170969316931 Long DBT CORP US N 2 2032-09-15 Fixed 0.06250000 N N N N N N SCG TRUST 2025-SNIP N/A SCG TRUST 2025-SNIP 7.65% 09/15/2042 144A 78398JAJ3 500000.00000000 PA USD 502500.00000000 0.173375279322 Long ABS-MBS CORP US N 2 2042-09-15 Floating 0.07080190 N N N N N N WINDSTREAM SERVICES LLC 549300L3SXBFJVGRCF66 UNITI GROUP TERM B 1LN 10/6/2032 97381JAK9 500000.00000000 PA USD 500000.00000000 0.172512715743 Long LON CORP US N 2 2032-10-06 Variable 0.07671920 N N N N N N WINDSTREAM SERVICES LLC 549300L3SXBFJVGRCF66 WINDSTREAM SERVICES LLC 7.5% 10/15/2033 144A 97382BAB5 250000.00000000 PA USD 258113.31000000 0.089055656155 Long DBT CORP US N 2 2033-10-15 Fixed 0.07500000 N N N N N N EXTENDED STAY AMERICA TRUST 2025-ESH N/A EXTENDED STAY AMERICA TRUST 2025-ESH F TSFR1M+410 10/15/2042 144A 30227TAL4 1000000.00000000 PA USD 1012500.00000000 0.349338249380 Long ABS-MBS CORP US N 2 2042-10-15 Variable 0.07780190 N N N N N N BX TR 2025-OMG N/A BX TR 2025-OMG VAR 10/15/2027 144A 05619HAL8 1000000.00000000 PA USD 1000400.00000000 0.345163441659 Long ABS-MBS CORP US N 3 2042-10-15 Variable 0.07281000 N N N N N N WULF COMPUTE LLC N/A WULF COMPUTE LLC 7.75% 10/15/2030 144A 982911AA7 565000.00000000 PA USD 589306.30000000 0.203325660435 Long DBT CORP US N 2 2030-10-15 Fixed 0.07750000 N N N N N N BRES COML MTG TR 2025-ATCAP N/A BRES COML MTG TR 2025-ATCAP F TSFR1M+518.85 11/15/2042 144A 05619GAL0 1000000.00000000 PA USD 1002306.60000000 0.345821267147 Long ABS-MBS CORP US N 2 2042-11-15 Variable 0.08868700 N N N N N N TAYLOR MORRISON COMMUNITIES INC 549300O1Z08HI2MRK572 TAYLOR MORRISON COMMUNITIES INC 5.75% 11/15/2032 144A 87724RAK8 235000.00000000 PA USD 241208.70000000 0.083223135795 Long DBT CORP US N 2 2032-11-15 Fixed 0.05750000 N N N N N N CIPHER COMPUTE LLC N/A CIPHER COMPUTE LLC 7.125% 11/15/2030 144A 17253NAA5 185000.00000000 PA USD 190626.04000000 0.065770831703 Long DBT CORP US N 2 2030-11-15 Fixed 0.07125000 N N N N N N ELP 2025-ELP N/A ELP 2025-ELP E VAR 11/13/2042 144A 290154AJ2 455000.00000000 PA USD 463634.03000000 0.159965531252 Long ABS-MBS CORP US N 2 2042-11-13 Variable 0.06665041 N N N N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 5.5% 03/31/2034 144A 432833AT8 470000.00000000 PA USD 472267.28000000 0.162944222059 Long DBT CORP US N 2 2034-03-31 Fixed 0.05500000 N N N N N N ESSEX PORTFOLIO LP 5493003GN3O58H286O74 ESSEX PORTFOLIO LP 4.875% 02/15/2036 29717PBD8 1000000.00000000 PA USD 974257.65000000 0.336143666070 Long DBT CORP US N 2 2036-02-15 Fixed 0.04875000 N N N N N N NYC COML MTG TR 2025-77C N/A NYC COML MTG TR 2025-77C 4.93833%/VAR 01/10/2038 144A 67123LAC8 115000.00000000 PA USD 115605.51000000 0.039886840970 Long ABS-MBS CORP US N 2 2036-01-10 Variable 0.04983980 N N N N N N NYC COML MTG TR 2025-77C N/A NYC COML MTG TR 2025-77C E VAR 01/10/2038 144A 67123LAJ3 235000.00000000 PA USD 237274.94000000 0.081865888554 Long ABS-MBS CORP US N 2 2036-01-10 Variable 0.06262760 N N N N N N BANK 2025-BNK51 N/A BANK 2025-BNK51 5.904% 12/25/2067 06541HAJ4 825000.00000000 PA USD 843623.39000000 0.291071524147 Long ABS-MBS CORP US N 2 2067-12-25 Variable 0.05895000 N N N N N N FLASH COMPUTE LLC N/A FLASH COMPUTE LLC 7.25% 12/31/2030 144A 33853QAA9 480000.00000000 PA USD 481628.64000000 0.166174129332 Long DBT CORP US N 2 2030-12-31 Fixed 0.07250000 N N N N N N EXTENDED STAY AMER TR 2026-ESH2 N/A EXTENDED STAY AMER TR 2026-ESH2 TSFR1M+315 02/15/2043 144A 30227WAJ2 780000.00000000 PA USD 786337.50000000 0.271306435231 Long ABS-MBS CORP US N 2 2043-02-15 Variable 0.06820000 N N N N N N EXTENDED STAY AMER TR 2026-ESH2 N/A EXTENDED STAY AMER TR 2026-ESH2 7.67% 02/15/2043 144A 30227WAL7 285000.00000000 PA USD 287850.00000000 0.099315570453 Long ABS-MBS CORP US N 2 2043-02-15 Fixed 0.07670000 N N N N N N 2026-03-02 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer