Strategic Advisers Tax-Sensitive Short Duration Fund

Fund Profile

Fund profile

Tickers

FGNSX

Fund manager

Fidelity Rutland Square Trust II

Total assets

$3.67 bn

Liabilities

$60.28 mm

Net assets

$3.61 bn

Number of holdings

1.37 k

Top 200 of 1367 Holdings

As of Nov 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Vanguard Ultra Short-Term Tx-Ex Adm	230.77 mm	14.60 mm shares	6.39	Common equity	Long	USA
FIMM MM Government Portfolio - Instl Cl	161.70 mm	161.70 mm shares	4.48	Common equity	Long	USA
BBLB J.P. Morgan Exchange - Traded Fund Trust - Betabuilders U S Treasury Bond 20+ Year Etf	91.27 mm	1.79 mm shares	2.53	Common equity	Long	USA
Federated Hermes Municipal Ultrashort IS	64.22 mm	6.41 mm shares	1.78	Common equity	Long	USA
Fidelity Sai Municipal Money Market Fund	43.23 mm	43.22 mm shares	1.20	Common equity	Long	USA
PHX IDA SW 4.25% 12/01/2035 MT@	31.19 mm	31.18 mm principal	0.86	Debt	Long	USA
PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ *AMT*	27.22 mm	27.22 mm principal	0.75	Debt	Long	USA
Fidelity Municipal Cash Central Fund	26.61 mm	26.61 mm shares	0.74	Short-term investment vehicle	Long	USA
WHITING IN ENV 5% MT@	24.93 mm	24.50 mm principal	0.69	Debt	Long	USA
NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@	23.50 mm	23.50 mm principal	0.65	Debt	Long	USA
GA PWR - SOUTHERN CO 22-1 V1@	20.40 mm	20.40 mm principal	0.56	Debt	Long	USA
SOUTHAMPTON VA IDA PRTI VA ONE PRE MT@	18.60 mm	18.60 mm principal	0.52	Debt	Long	USA
SD SF HSG 23J MT	17.80 mm	17.80 mm principal	0.49	Debt	Long	USA
WESTFIELD WASHINGTON IN MULTI-SCH BLDG 24A 12/15/24 BAN	17.01 mm	17.00 mm principal	0.47	Debt	Long	USA
FL INSURANCE 2023 A2 Q=FL V7	17.00 mm	17.00 mm principal	0.47	Debt	Long	USA
IN FIN AUTH BRIGHTMARK PLASTICS 2024-MS0022 Q=MO DT@	15.90 mm	15.90 mm principal	0.44	Debt	Long	USA
MA ST HSG FIN A 3.60% 12/1/2026	15.09 mm	14.99 mm principal	0.42	Debt	Long	USA
PRT ARTHR TX MTVA10E Q=SELF V7	13.80 mm	13.80 mm principal	0.38	Debt	Long	USA
CHICAGO IL OHARE ARPT 2022-XM1078-MST AGM/JPMC BK D7@	13.70 mm	13.70 mm principal	0.38	Debt	Long	USA
KING CNTY WA SWR 24 Q=BA V1	13.00 mm	13.00 mm principal	0.36	Debt	Long	USA
ARLINGTON TEX H 2021 MS0002 D7	12.57 mm	12.57 mm principal	0.35	Debt	Long	USA
KENTUCKY ECON DEV FIN AUTH VAR-CATHOLIC HEALTH-SER C	12.53 mm	12.53 mm principal	0.35	Debt	Long	USA
MOBILE AL IDB 3.65% MT	12.05 mm	12.05 mm principal	0.33	Debt	Long	USA
MARYLAND ST CMN 4.375% 1/1/2025 144A	12.00 mm	12.00 mm principal	0.33	Debt	Long	USA
CENTRAL PLAINS 4% MT	11.90 mm	11.87 mm principal	0.33	Debt	Long	USA
CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@	11.61 mm	11.30 mm principal	0.32	Debt	Long	USA
BLACK BELT ENE 0% 10/1/2052	11.43 mm	11.35 mm principal	0.32	Debt	Long	USA
WASTE MANAGEMENT PUTS 1.7% 8/3/2020@	11.30 mm	11.30 mm principal	0.31	Debt	Long	USA
MAIN STR NAT GA 4% 8/1/2049	11.28 mm	11.28 mm principal	0.31	Debt	Long	USA
TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35	11.10 mm	11.10 mm principal	0.31	Debt	Long	USA
TARRANT EFFC HO 5% MT	10.97 mm	10.73 mm principal	0.30	Debt	Long	USA
PA EDFA SW MT@	10.70 mm	10.70 mm principal	0.30	Debt	Long	USA
MO HEFA EDL 0% 5/1/2052 MT	10.62 mm	10.00 mm principal	0.29	Debt	Long	USA
KENTUCKY INC KY 4%	10.53 mm	10.51 mm principal	0.29	Debt	Long	USA
OK INTEGRIS HLTH 20B V7	10.47 mm	10.47 mm principal	0.29	Debt	Long	USA
CONN ST HEALTH 2.80% 7/1/2057	10.35 mm	10.40 mm principal	0.29	Debt	Long	USA
FT BEND TX ISD 4% 8/1/2054	10.22 mm	10.00 mm principal	0.28	Debt	Long	USA
MASSCHSTTS BT TECP	10.00 mm	10.00 mm principal	0.28	Debt	Long	USA
MI BLDG 2.33% 4/15/2058	10.00 mm	10.00 mm principal	0.28	Debt	Long	USA
SAN ANTONIO WTR TECP	10.00 mm	10.00 mm principal	0.28	Debt	Long	USA
EAST CHICAG IND 0% 8/1/2025	10.00 mm	10.00 mm principal	0.28	Debt	Long	USA
NC CAP FACS FA 5% 10/1/2055	9.91 mm	9.75 mm principal	0.27	Debt	Long	USA
MARICOPA IDA 5% MT	9.84 mm	9.60 mm principal	0.27	Debt	Long	USA
LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7	9.80 mm	9.80 mm principal	0.27	Debt	Long	USA
MISSION TX EDC 5/1/2046 MT@	9.30 mm	9.30 mm principal	0.26	Debt	Long	USA
OH AIR QUAL 4.25% MT@	9.28 mm	9.14 mm principal	0.26	Debt	Long	USA
TRIMBLE CNTY KY 0% 6/1/2054 @	9.17 mm	8.98 mm principal	0.25	Debt	Long	USA
CO HSG and FIN 3.5% 11/1/2043	9.12 mm	9.09 mm principal	0.25	Debt	Long	USA
NC NUCOR 00 V7@	9.10 mm	9.10 mm principal	0.25	Debt	Long	USA
PA EDFA SW 4.6% 10/1/2046 MT @	9.10 mm	9.01 mm principal	0.25	Debt	Long	USA
MARYLAND ST CMN 3.40% 8/1/2025	9.02 mm	9.02 mm principal	0.25	Debt	Long	USA
NEWARK CITY ESSEX CNTY NJ 9/25/25 BAN	8.97 mm	8.90 mm principal	0.25	Debt	Long	USA
NTHSIDE TX ISD 3.45% G=PSF 8/1/2054 MT	8.90 mm	8.84 mm principal	0.25	Debt	Long	USA
WA ST HLTH CAR 5% 8/1/2049 MT	8.89 mm	8.87 mm principal	0.25	Debt	Long	USA
MASSACHUSETTS ST HEALTH and EDL FACS AUTH REV VAR-PARTNERS HLTHCARE-SER G-2 FSA	8.82 mm	8.82 mm principal	0.24	Debt	Long	USA
HOUSTON TX ISD 4% MT	8.80 mm	8.77 mm principal	0.24	Debt	Long	USA
CA ST MFA SW 2% 12/1/2044 AMT	8.77 mm	8.75 mm principal	0.24	Debt	Long	USA
MET GV WS(NSHWTR)22A L=TD TECP	8.70 mm	8.70 mm principal	0.24	Debt	Long	USA
PORT NY NJ 5% 12/1/2025 @	8.65 mm	8.53 mm principal	0.24	Debt	Long	USA
DALLAS TEX SPL 6% MT	8.53 mm	8.50 mm principal	0.24	Debt	Long	USA
PA EDFA SW 8/1/45 MT@	8.50 mm	8.50 mm principal	0.24	Debt	Long	USA
KNOTT CNTY KY LITHIUM PRE MT@	8.50 mm	8.50 mm principal	0.24	Debt	Long	USA
GA MEAG PJ1(MPOTEB)B L=TD TECP	8.50 mm	8.50 mm principal	0.24	Debt	Long	USA
UTX RFS(UNITXU)A UQ=UTX TECP2	8.50 mm	8.50 mm principal	0.24	Debt	Long	USA
CA STWD .39% 07/01/2040	8.28 mm	8.28 mm principal	0.23	Debt	Long	USA
COLORADO HEALTH 5% MT	8.20 mm	8.06 mm principal	0.23	Debt	Long	USA
LA NUCOR 10A1 V7	8.20 mm	8.20 mm principal	0.23	Debt	Long	USA
NEW HAMPSHIRE H 3.3% MT	8.08 mm	8.03 mm principal	0.22	Debt	Long	USA
FORT BEND TX 5% 3/1/2025	8.04 mm	8.00 mm principal	0.22	Debt	Long	USA
PA TPK REGI FEE 0% 7/15/26MT 41	8.00 mm	8.00 mm principal	0.22	Debt	Long	USA
IL NSHORE UNIV HLTH 20B Q=JP V1	8.00 mm	8.00 mm principal	0.22	Debt	Long	USA
DALLAS TX 5% 2/15/2026	8.00 mm	7.80 mm principal	0.22	Debt	Long	USA
LA PUB FACS REV 0% 5/15/2050 MT	7.98 mm	7.93 mm principal	0.22	Debt	Long	USA
TX ST 5% 8/1/2026 AMT	7.95 mm	7.88 mm principal	0.22	Debt	Long	USA
PA THO JFFRSN U 17B RFLOAT7	7.90 mm	7.90 mm principal	0.22	Debt	Long	USA
DALLAS TX 5% 2/15/2025	7.83 mm	7.80 mm principal	0.22	Debt	Long	USA
CHANDLER AZ IDR 5% 9/1/2042 @	7.60 mm	7.40 mm principal	0.21	Debt	Long	USA
CTR TX RMA 5% 1/1/2025	7.55 mm	7.54 mm principal	0.21	Debt	Long	USA
SC PORT AUTH 5.25% 7/1/2050 AMT	7.55 mm	7.47 mm principal	0.21	Debt	Long	USA
CHICAGO MIDWAY 5% 1/1/2025 @	7.51 mm	7.50 mm principal	0.21	Debt	Long	USA
MONTGOMERY MD CHE TRINITY HLTH 13MD MT	7.50 mm	7.50 mm principal	0.21	Debt	Long	USA
IL ED FAC LOC NORTHERN TRUST	7.40 mm	7.40 mm principal	0.20	Debt	Long	USA
MERCE KY(MERCKY) 58781P VT	7.40 mm	7.40 mm principal	0.20	Debt	Long	USA
NYS_HFA 3.375% MT	7.30 mm	7.29 mm principal	0.20	Debt	Long	USA
CHICAGO MIDWAY 5% 1/1/2025 @	7.26 mm	7.26 mm principal	0.20	Debt	Long	USA
MAIN STR NAT GA 4% 3/1/2050	7.24 mm	7.18 mm principal	0.20	Debt	Long	USA
WY PACIFICORP-BRK LIN 95 V7@	7.20 mm	7.20 mm principal	0.20	Debt	Long	USA
OK DEV FIN AUTH .34% 8/15/2031	7.12 mm	7.12 mm principal	0.20	Debt	Long	USA
ESSEX CNTY NJ 6/18/25 BAN	7.08 mm	7.00 mm principal	0.20	Debt	Long	USA
DANBURY CITY CT 24B 2/24/25 BAN	7.03 mm	7.00 mm principal	0.19	Debt	Long	USA
GRUNDY KENDALL 5% 12/1/2029	7.02 mm	7.00 mm principal	0.19	Debt	Long	USA
NH HFA 3.580% MT	7.01 mm	7.00 mm principal	0.19	Debt	Long	USA
MA ED LN AUTH 5% 1/1/2026 @	7.01 mm	7.00 mm principal	0.19	Debt	Long	USA
VA ST HSG DEV 3.625% MT	7.00 mm	7.00 mm principal	0.19	Debt	Long	USA
KY NUCOR 20B1 V1@	7.00 mm	7.00 mm principal	0.19	Debt	Long	USA
BOERNE TX ISD 0% 2/1/2053	6.93 mm	6.95 mm principal	0.19	Debt	Long	USA
COUNTY OF MERCE TECP	6.90 mm	6.90 mm principal	0.19	Debt	Long	USA
MINNEAPOLS MN 5% MT	6.90 mm	6.47 mm principal	0.19	Debt	Long	USA
LIPA NY .85% MT	6.89 mm	7.06 mm principal	0.19	Debt	Long	USA
PA ST 5% 9/1/2026	6.84 mm	6.59 mm principal	0.19	Debt	Long	USA
LONG BEACH CITY NY 24B 9/26/25 BAN	6.83 mm	6.80 mm principal	0.19	Debt	Long	USA
KY NUCOR 20A1 V1@	6.82 mm	6.82 mm principal	0.19	Debt	Long	USA
MO HEFA EDL 0% 5/1/2051 MT	6.81 mm	6.74 mm principal	0.19	Debt	Long	USA
MA ED LN AUTH 5% 1/1/2025@	6.81 mm	6.80 mm principal	0.19	Debt	Long	USA
BLACK BELT AL ENERGY 2022-XF3073-NUV Q=MO D7	6.80 mm	6.80 mm principal	0.19	Debt	Long	USA
PA THO JFFRSN U 18D RFLOAT V7	6.70 mm	6.70 mm principal	0.19	Debt	Long	USA
MAIN STR NAT GA 0% 8/1/2052	6.51 mm	6.50 mm principal	0.18	Debt	Long	USA
LEE CNTY FL ARPT 2024-XF1755-FE Q=JP D7@	6.43 mm	6.43 mm principal	0.18	Debt	Long	USA
VA SM BUS PURE SALMON LLC PRE MT@	6.30 mm	6.30 mm principal	0.17	Debt	Long	USA
MS PWR - SOUTHERN CO 22-1 V1@	6.27 mm	6.27 mm principal	0.17	Debt	Long	USA
NEWARK CITY ESSEX CNTY NJ 24B 5/13/25 BAN	6.24 mm	6.20 mm principal	0.17	Debt	Long	USA
CA SOLID WASTE REPUBLIC SEVICES 21B MT@	6.22 mm	6.23 mm principal	0.17	Debt	Long	USA
MULTNOMAH HOSP 0% 3/1/2040	6.19 mm	6.19 mm principal	0.17	Debt	Long	USA
MARICOPA IDA 5% MT	6.18 mm	6.04 mm principal	0.17	Debt	Long	USA
MANHATAN KS 5% 6/15/2028	6.15 mm	6.00 mm principal	0.17	Debt	Long	USA
HARRIS CNTY TX TECP	6.12 mm	6.12 mm principal	0.17	Debt	Long	USA
IL ST 5% 3/1/2025	6.10 mm	6.08 mm principal	0.17	Debt	Long	USA
KATY TX ISD 4% MT	6.09 mm	6.00 mm principal	0.17	Debt	Long	USA
CHICAGO OHARE 5% 1/1/2028 @	6.08 mm	5.82 mm principal	0.17	Debt	Long	USA
BATA CA SER B 2.85% 4/1/47 MT	6.08 mm	6.09 mm principal	0.17	Debt	Long	USA
NY TRANS CORP 5% 12/1/2026 @	6.05 mm	5.87 mm principal	0.17	Debt	Long	USA
MARYLAND ST CMN 5.25% 11/1/2025	6.05 mm	6.00 mm principal	0.17	Debt	Long	USA
CA STATEWIDE MFH 2023-MIZ9122 G=FHLM/MZ D1@	6.03 mm	6.03 mm principal	0.17	Debt	Long	USA
CITY HSG DEV CO 3.7% MT	6.03 mm	6.00 mm principal	0.17	Debt	Long	USA
OKLAHOMA CTY OK 3% 7/1/2026	6.01 mm	5.99 mm principal	0.17	Debt	Long	USA
NC ATRIUM HLTH 21E L=RC V1	6.00 mm	6.00 mm principal	0.17	Debt	Long	USA
CALIFORNIA HLTH 3% 8/15/2054 MT	5.91 mm	5.92 mm principal	0.16	Debt	Long	USA
PENNSAUKEN TWP CAMDEN CNTY NJ 24A 5/28/25 BAN	5.85 mm	5.82 mm principal	0.16	Debt	Long	USA
NYC NY 5% 8/1/2026	5.81 mm	5.60 mm principal	0.16	Debt	Long	USA
LOWELL AR IDR 1996 V7 @	5.80 mm	5.80 mm principal	0.16	Debt	Long	USA
CLEAR CREEK TEX 3.60% G=PSF 2/15/35 MT	5.80 mm	5.79 mm principal	0.16	Debt	Long	USA
WISCONSIN ST H 5% 8/1/2027	5.80 mm	5.68 mm principal	0.16	Debt	Long	USA
DUVAL FL SD COP 5% 7/1/2025	5.78 mm	5.72 mm principal	0.16	Debt	Long	USA
JACKSON TN HOSP 5% 4/1/2027	5.78 mm	5.75 mm principal	0.16	Debt	Long	USA
VA CARILION CLINIC 20B Q=PN V7	5.60 mm	5.60 mm principal	0.16	Debt	Long	USA
ORANGE CNTY FL 0% 11/15/2052	5.56 mm	5.37 mm principal	0.15	Debt	Long	USA
FL GOVT(FLGFPA)11A1 L=JP TECP	5.50 mm	5.50 mm principal	0.15	Debt	Long	USA
CA STWD .33% 07/01/2041	5.48 mm	5.48 mm principal	0.15	Debt	Long	USA
NEW JERSEY ECN 5% 3/1/2026	5.43 mm	5.30 mm principal	0.15	Debt	Long	USA
CONN ST HEALTH 1.1% MT	5.41 mm	5.44 mm principal	0.15	Debt	Long	USA
CA ST MFA SW 4.8% MT @	5.26 mm	5.25 mm principal	0.15	Debt	Long	USA
PORT NY NJ 5% 12/1/2027 @	5.25 mm	5.00 mm principal	0.15	Debt	Long	USA
ALLEN CNTY HOSP 5% 10/1/49 MT	5.23 mm	5.00 mm principal	0.14	Debt	Long	USA
SNOHOMISH 5% 12/1/2025	5.21 mm	5.10 mm principal	0.14	Debt	Long	USA
LOVE FLD MOD TX 5% 11/1/2025 @	5.20 mm	5.13 mm principal	0.14	Debt	Long	USA
NTHSIDE TX ISD 3% MT	5.19 mm	5.22 mm principal	0.14	Debt	Long	USA
CA HSG FIN AGY 5% 5/1/2054	5.16 mm	5.00 mm principal	0.14	Debt	Long	USA
NY PAYROLL MOBI 5% MT	5.15 mm	5.00 mm principal	0.14	Debt	Long	USA
GEISINGER PA 5% 4/1/2043 MT	5.15 mm	4.97 mm principal	0.14	Debt	Long	USA
IL ST 5% 7/1/2026	5.14 mm	5.00 mm principal	0.14	Debt	Long	USA
VT HSG FIN AGY 3.50% 11/1/2026	5.12 mm	5.11 mm principal	0.14	Debt	Long	USA
IL FIN AUTH UNIV CHICAGO MED CTR 2024-MIZ9167 MZ/MZ D35	5.10 mm	5.10 mm principal	0.14	Debt	Long	USA
IN ST DFA SW 2.95% 10/1/2031 MT @	5.10 mm	5.00 mm principal	0.14	Debt	Long	USA
DFW ARPT 5% 11/1/2025	5.09 mm	5.00 mm principal	0.14	Debt	Long	USA
IL ST 5% 10/1/2025	5.08 mm	5.00 mm principal	0.14	Debt	Long	USA
MAIN STR NAT GA 4% MT	5.07 mm	5.00 mm principal	0.14	Debt	Long	USA
BLACK BELT ALAB 0% 7/1/2052	5.07 mm	5.00 mm principal	0.14	Debt	Long	USA
WICHITA CITY KS SER 318 10/15/25 BAN	5.05 mm	5.00 mm principal	0.14	Debt	Long	USA
MISS BUS FIN WASTE MNGMT INC PROJ *****AMT****@	5.03 mm	5.00 mm principal	0.14	Debt	Long	USA
RURAL WTR FING 3.70% 5/1/2027	5.02 mm	5.00 mm principal	0.14	Debt	Long	USA
IL ST 5% 5/1/2039	5.01 mm	5.00 mm principal	0.14	Debt	Long	USA
PARK CITY KS 3.625% 10/1/2027	5.01 mm	5.00 mm principal	0.14	Debt	Long	USA
NM MTG FIN AUTH 5% 2/1/2042 MT	5.01 mm	5.00 mm principal	0.14	Debt	Long	USA
MIAMI-DADE MFH 3.4% 1/1/2045	5.00 mm	5.00 mm principal	0.14	Debt	Long	USA
NJ MF HSG BC24-001 BC/BC D35	5.00 mm	5.00 mm principal	0.14	Debt	Long	USA
BRLNGTN KS EVERGY METRO 07A V7	5.00 mm	5.00 mm principal	0.14	Debt	Long	USA
NC CAP FACS WST 6/1/38 MT@	5.00 mm	5.00 mm principal	0.14	Debt	Long	USA
CHESTRFLD CO VA 3% 1/1/2026	5.00 mm	5.00 mm principal	0.14	Debt	Long	USA
OH UNIV HOSP SYS R-FLOAT V7	5.00 mm	5.00 mm principal	0.14	Debt	Long	USA
NORWALK CONN HS 3.05% MT	4.99 mm	5.00 mm principal	0.14	Debt	Long	USA
RURAL WTR FING 3.05% 5/1/2027	4.95 mm	5.00 mm principal	0.14	Debt	Long	USA
MN MAC PORT REV 5% 1/1/2027 @	4.91 mm	4.76 mm principal	0.14	Debt	Long	USA
NV SLD WST 1.875% 12/1/2026 @ MT	4.90 mm	4.90 mm principal	0.14	Debt	Long	USA
OHIO ST HIGHER EDL FAC COMMN REV VAR-HOSP-CLEVELAND CLINIC-B-5	4.90 mm	4.90 mm principal	0.14	Debt	Long	USA
ILLINOIS FN RV 5% MT	4.80 mm	4.77 mm principal	0.13	Debt	Long	USA
PORTLAND OR ARPT 2022-XF1353-INV Q=JPMC BK D1	4.80 mm	4.80 mm principal	0.13	Debt	Long	USA
IL ST 5% 2/1/2025	4.79 mm	4.78 mm principal	0.13	Debt	Long	USA
KING CNTY SWR 1/1/2042 MT	4.79 mm	4.93 mm principal	0.13	Debt	Long	USA
HOUSTON TX ISD 3.5% MT	4.78 mm	4.78 mm principal	0.13	Debt	Long	USA
PORT NY NJ 5% 12/1/2026 @	4.78 mm	4.64 mm principal	0.13	Debt	Long	USA
BLACK BELT ENE 5% 11/1/2029	4.74 mm	4.50 mm principal	0.13	Debt	Long	USA
PAWTUCKET CITY RI 24-2 10/24/25 BAN	4.74 mm	4.70 mm principal	0.13	Debt	Long	USA
LACEY TWP NJ 4.50% 5/7/2025	4.73 mm	4.70 mm principal	0.13	Debt	Long	USA
NH NATL FIN AUTH UNIV HOSP HOME CARE 2024-MS0023 MO DT	4.70 mm	4.70 mm principal	0.13	Debt	Long	USA
RAILSPLITTER IL 5% 6/1/2028	4.68 mm	4.55 mm principal	0.13	Debt	Long	USA
IA MIDAMERICAN - BRK 16B V7@	4.60 mm	4.60 mm principal	0.13	Debt	Long	USA
CA SOLID WASTE REPUBLIC SEVICES 21A MT@	4.60 mm	4.60 mm principal	0.13	Debt	Long	USA
MI FIN AUTH LTD 5% 8/20/2025	4.56 mm	4.50 mm principal	0.13	Debt	Long	USA
VA PUB BLDG 5% 8/1/2025 @	4.55 mm	4.50 mm principal	0.13	Debt	Long	USA
SPRINGFLD IL EL 5% 3/1/2029	4.52 mm	4.50 mm principal	0.13	Debt	Long	USA
COOK CY IL 4% 11/15/2026	4.46 mm	4.37 mm principal	0.12	Debt	Long	USA
SAINT PAUL MN MF HSG PLATO APTS 2023-MIZ9145 MZ/MZ D35	4.46 mm	4.46 mm principal	0.12	Debt	Long	USA
MIAMI-DADE AVI 5% 10/1/2028 @	4.33 mm	4.10 mm principal	0.12	Debt	Long	USA
LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D1@	4.33 mm	4.33 mm principal	0.12	Debt	Long	USA
NY PAYROLL MOBI 5% 5/15/2051 MT	4.32 mm	4.20 mm principal	0.12	Debt	Long	USA
ATRIUM HEALTH 5% MT	4.29 mm	4.29 mm principal	0.12	Debt	Long	USA
PHIL PA AIRPORT 5% 7/1/2025 @	4.28 mm	4.25 mm principal	0.12	Debt	Long	USA
VA PORT 5% 7/1/2028 @	4.27 mm	4.23 mm principal	0.12	Debt	Long	USA
CTA TRNST GARVE 5% 6/1/2025	4.23 mm	4.20 mm principal	0.12	Debt	Long	USA
HOUSTON TX ARPT 5% 7/1/2028 @	4.22 mm	4.00 mm principal	0.12	Debt	Long	USA