Principal Amount USD ($) | | | | | | Value |
| Collateralized Mortgage Obligations—(continued) | |
1,390,000(d) | MFA Trust, Series 2024-RTL1, Class A1, 7.093%, 2/25/29 (144A) | $ 1,387,664 |
2,564,000(b) | Morgan Stanley Residential Mortgage Loan Trust, Series 2014-1A, Class B4, 6.87%, 6/25/44 (144A) | 2,446,833 |
4,970,000(a) | Oaktown Re III, Ltd., Series 2019-1A, Class B1A, 8.95% (SOFR30A + 361 bps), 7/25/29 (144A) | 4,977,211 |
1,631,000(a) | Oaktown Re III, Ltd., Series 2019-1A, Class B1B, 9.80% (SOFR30A + 446 bps), 7/25/29 (144A) | 1,634,095 |
2,808,158(a) | Oaktown Re III, Ltd., Series 2019-1A, Class M1B, 7.40% (SOFR30A + 206 bps), 7/25/29 (144A) | 2,809,364 |
1,323,429(a) | Oaktown Re VI, Ltd., Series 2021-1A, Class M1B, 7.385% (SOFR30A + 205 bps), 10/25/33 (144A) | 1,325,803 |
3,500,000(a) | Oaktown Re VII, Ltd., Series 2021-2, Class M1B, 8.235% (SOFR30A + 290 bps), 4/25/34 (144A) | 3,567,555 |
3,036,104 | Ocwen Loan Investment Trust, Series 2024-HB1, Class A, 3.00%, 2/25/37 (144A) | 2,902,108 |
2,300,000 | Ocwen Loan Investment Trust, Series 2024-HB1, Class M1, 3.00%, 2/25/37 (144A) | 2,078,846 |
1,020,000 | Ocwen Loan Investment Trust, Series 2024-HB1, Class M2, 3.00%, 2/25/37 (144A) | 885,802 |
11,104(a) | Pepper Residential Securities Trust No. 25, Series 25A, Class A1U, 6.374% (1 Month Term SOFR + 104 bps), 3/12/61 (144A) | 11,104 |
11,956,481(a) | Radnor Re, Ltd., Series 2021-1, Class M1C, 8.035% (SOFR30A + 270 bps), 12/27/33 (144A) | 12,053,294 |
1,790,000(a) | Radnor Re, Ltd., Series 2021-1, Class M2, 8.485% (SOFR30A + 315 bps), 12/27/33 (144A) | 1,818,291 |
12,590,000(a) | Radnor Re, Ltd., Series 2021-2, Class M1B, 9.035% (SOFR30A + 370 bps), 11/25/31 (144A) | 12,873,111 |
9,050,000(a) | Radnor Re, Ltd., Series 2023-1, Class M1A, 8.035% (SOFR30A + 270 bps), 7/25/33 (144A) | 9,169,997 |
661,679(a) | Radnor RE, Ltd., Series 2022-1, Class M1A, 9.085% (SOFR30A + 375 bps), 9/25/32 (144A) | 668,459 |
873,297(a) | RESI Finance LP, Series 2003-CB1, Class B3, 6.891% (1 Month Term SOFR + 156 bps), 6/10/35 (144A) | 740,528 |
196,361(a) | RESIMAC Premier, Series 2020-1A, Class A1A, 6.492% (1 Month Term SOFR + 116 bps), 2/7/52 (144A) | 196,413 |
7,607,260(b) | Saluda Grade Alternative Mortgage Trust, Series 2024-CES1, Class A1, 6.306%, 3/25/54 (144A) | 7,598,312 |
3,220,601(b) | Seasoned Credit Risk Transfer Trust, Series 2018-1, Class M, 4.75%, 5/25/57 | 3,076,911 |