XTR_FUND
XTR_FNDDSC
XTR_TKR
XTR_DESC1
XTR_DESC2
OCC_ID
XTR_CUSIP
XTR_GROUP
XTR_GROUP1
XTR_GROUP2
XTR_CATGRY
XTR_CATDSC
XTR_SECTOR
XTR_SECTR1
XTR_SECTR2
XTR_CONTRY
XTR_CONDSC
XTR_STATE
XTR_STNAME
XTR_CURNCY
XTR_CURDSC
XTR_MATDAT
XTR_SUBUNT
XTR_SUBDSC
XTR_PRICE
XTR_PRISRC
SECTYPE
SECTYPE2
RPT_ID
INCLUD_CAT
LEGAL1
LEGAL2
LEGAL3
LEGAL4
LEGAL5
LEGAL6
BAS_Q_DECS
BAS_M_DECS
LCL_P_DECS
LCL_Q_DECS
MULTICURR
ISBASCURR
POS_INCOM
CLASS
LONGSHORT
MCSC
QTYINDIC
FAS_LEVEL
PROCESS_DATE
PROCESS_TYPE
SECTOR
FUNDCURR
BASECURR
POS_QTY
POS_ORGCST
POS_AMORT
POS_MKTVAL
RND_MKTVAL
POS_GL
RNDPOS_GL
POS_YIELD
YIELDTOCALL
POS_YTM
POS_YTM_NA
POS_PC_PRT
POS_PC_AST
POS_PC_NAS
POS_ORGFAC
FAS_TODAY_ONLY
LEI
PRICE_ID
TRANCHE
PRICINGMETHOD
438
Obra Opportunistic Structured
499876AA
BEATS 2024-1A A2
04/07/2064 6.625000%
 
499876AA8
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
4/7/2064
   
101.18
         
BEATS 2024-1A A2
04/07/2064 6.625000%
       
5
2
6
5
N
True
33125.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
504531.25
504478.68
505890.00
505890.00
1411.32
1411.32
6.55
False
6.54
 
0.36
0.35
0.38
500000.00
   
499876AA
N
MP
438
Obra Opportunistic Structured
44148HAC
HWIRE 2023-1A B
05/20/2053 7.002000%
 
44148HAC7
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
5/20/2053
   
100.94
         
HWIRE 2023-1A B
05/20/2053 7.002000%
       
5
2
6
5
N
True
43762.50
 
L
N
   
3/31/2026
C
 
438;USD
USD
625000.00
605238.88
605407.31
630871.06
630871.06
25463.75
25463.75
6.94
True
5.50
 
0.45
0.44
0.47
625000.00
   
44148HAC
N
MP
438
Obra Opportunistic Structured
57108UAB
MFT 2023-4A B
12/15/2033 8.150000%
 
57108UAB0
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
12/15/2033
   
102.51
         
MFT 2023-4A B
12/15/2033 8.150000%
       
5
2
6
5
N
True
61125.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
780937.50
770121.33
768804.15
768804.15
-1317.18
-1317.18
7.95
True
6.59
 
0.54
0.53
0.57
750000.00
   
57108UAB
N
MP
438
Obra Opportunistic Structured
69544MAD
PAID 2024-10 D
06/15/2032 6.429000%
 
69544MAD1
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
6/15/2032
   
100.75
         
PAID 2024-10 D
06/15/2032 6.429000%
       
5
2
6
5
N
True
21890.25
 
L
N
   
3/31/2026
C
 
438;USD
USD
340492.29
342780.05
341392.90
343057.12
343057.12
1664.22
1664.22
6.38
True
5.20
 
0.24
0.24
0.26
600000.00
   
69544MAD
N
MP
438
Obra Opportunistic Structured
70473AAA
PEAR 2023-1 A
07/15/2035 7.420000%
 
70473AAA6
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
7/15/2035
   
101.50
M
       
PEAR 2023-1 A
07/15/2035 7.420000%
       
5
2
6
5
N
True
42784.34
 
L
N
   
3/31/2026
C
 
438;USD
USD
576608.34
587563.91
583479.38
585276.03
585276.03
1796.65
1796.65
7.31
True
6.35
 
0.41
0.40
0.44
0.00
   
70473AAA
N
MP
438
Obra Opportunistic Structured
704933AA
PEAR 2024-1 A
02/15/2036 6.950000%
 
704933AA8
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
2/15/2036
   
101.17
         
PEAR 2024-1 A
02/15/2036 6.950000%
       
5
2
6
5
N
True
17672.05
 
L
N
   
3/31/2026
C
 
438;USD
USD
254274.06
257532.07
256499.58
257241.18
257241.18
741.60
741.60
6.87
True
6.32
 
0.18
0.18
0.19
500000.00
   
704933AA
N
MP
438
Obra Opportunistic Structured
76089YAC
RPM 2025-1A C
06/27/2033 6.380000%
 
76089YAC3
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
6/27/2033
   
101.13
         
RPM 2025-1A C
06/27/2033 6.380000%
       
5
2
6
5
N
True
6380.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
100000.00
100000.00
100000.00
101134.28
101134.28
1134.28
1134.28
6.31
True
5.09
 
0.07
0.07
0.08
100000.00
   
76089YAC
N
MP
438
Obra Opportunistic Structured
91326EAB
UNIT 2025-1A B
04/20/2055 6.369000%
 
91326EAB1
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
4/20/2055
   
101.89
         
UNIT 2025-1A B
04/20/2055 6.369000%
       
5
2
6
5
N
True
15922.50
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
254712.80
254712.80
4712.80
4712.80
6.25
True
5.57
 
0.18
0.18
0.19
250000.00
   
91326EAB
N
MP
438
Obra Opportunistic Structured
96033EAC
WESTR 2023-1A C
12/20/2037 7.490000%
 
96033EAC2
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
6/1/2037
   
101.01
         
WESTR 2023-1A C
12/20/2037 7.490000%
       
5
2
6
5
N
True
12021.24
 
L
N
   
3/31/2026
C
 
438;USD
USD
160497.13
158442.32
158624.02
162125.08
162125.08
3501.06
3501.06
7.41
True
6.49
 
0.11
0.11
0.12
360000.00
   
96033EAC
N
MP
438
Obra Opportunistic Structured
98919WAG
ZAYO 2025-2A A2
06/20/2055 5.953000%
 
98919WAG8
 
UNGROUPED SECURITIES
 
ABS
ASSET BACKED SECS
     
USA
UNITED STATES
   
USD
US DOLLAR
6/20/2055
   
101.91
         
ZAYO 2025-2A A2
06/20/2055 5.953000%
       
5
2
6
5
N
True
5953.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
100000.00
100000.01
100000.00
101913.50
101913.50
1913.50
1913.50
5.84
True
5.20
 
0.07
0.07
0.08
100000.00
   
98919WAG
N
MP
438
Obra Opportunistic Structured
00120VAJ
AGL 2024-30A D
04/21/2037 8.778640%
 
00120VAJ5
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
4/21/2037
   
99.09
         
AGL 2024-30A D
04/21/2037 8.778640%
       
5
2
6
5
N
True
24918.92
 
L
N
   
3/31/2026
C
 
438;USD
USD
350000.00
350066.26
350059.71
346824.45
346824.45
-3235.26
-3235.26
7.18
False
7.24
 
0.24
0.24
0.26
350000.00
 
N.A.
00120VAJ
N
MP
438
Obra Opportunistic Structured
01751JAE
ALLEG 2024-3A B
10/15/2037 6.408490%
 
01751JAE7
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
10/15/2037
   
100.40
         
ALLEG 2024-3A B
10/15/2037 6.408490%
       
5
2
6
5
N
True
27610.95
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
499500.00
499500.00
502016.60
502016.60
2516.60
2516.60
5.50
True
4.77
 
0.35
0.35
0.37
500000.00
 
N.A.
01751JAE
N
MP
438
Obra Opportunistic Structured
05877GAJ
BALLY 2024-22A C
04/15/2037 N.A.%
 
05877GAJ2
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2037
   
99.66
         
BALLY 2024-22A C
04/15/2037 N.A.%
       
5
2
6
5
N
True
17930.48
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
249139.05
249139.05
-860.95
-860.95
7.20
False
7.22
 
0.18
0.17
0.19
250000.00
   
05877GAJ
N
MP
438
Obra Opportunistic Structured
05684CBA
BCC 2020-3A DRR
10/23/2034 7.379340%
 
05684CBA2
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/23/2034
   
96.53
         
BCC 2020-3A DRR
10/23/2034 7.379340%
       
5
2
6
5
N
True
5145.98
 
L
N
   
3/31/2026
C
 
438;USD
USD
76000.00
75924.00
76000.00
73361.01
73361.01
-2638.99
-2638.99
7.01
False
7.31
 
0.05
0.05
0.05
76000.00
 
N.A.
05684CBA
N
MP
438
Obra Opportunistic Structured
05685LAY
BCC 2022-6A D1R
01/22/2038 N.A.%
 
05685LAY0
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
1/22/2038
   
98.68
         
BCC 2022-6A D1R
01/22/2038 N.A.%
       
5
2
6
5
N
True
33346.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
493402.65
493402.65
-6597.35
-6597.35
6.76
False
6.83
 
0.35
0.34
0.37
500000.00
   
05685LAY
N
MP
438
Obra Opportunistic Structured
12481HAW
CBAM 2017-3A DR
07/17/2034 8.041400%
 
12481HAW5
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/17/2034
   
99.65
         
CBAM 2017-3A DR
07/17/2034 8.041400%
       
5
2
6
5
N
True
32688.66
 
L
N
   
3/31/2026
C
 
438;USD
USD
440000.00
436700.00
440000.00
438466.47
438466.47
-1533.53
-1533.53
7.46
False
7.48
 
0.31
0.30
0.33
440000.00
 
N.A.
12481HAW
N
MP
438
Obra Opportunistic Structured
228233AU
CCITY 2022-4A C1R
04/20/2037 8.769470%
 
228233AU6
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2037
   
99.14
         
CCITY 2022-4A C1R
04/20/2037 8.769470%
       
5
2
6
5
N
True
28586.71
 
L
N
   
3/31/2026
C
 
438;USD
USD
350000.00
350000.00
350000.00
347006.10
347006.10
-2993.90
-2993.90
8.24
False
8.29
 
0.24
0.24
0.26
350000.00
 
N.A.
228233AU
N
MP
438
Obra Opportunistic Structured
29003PAA
ELM28 2024-4A E
04/17/2037 N.A.%
 
29003PAA8
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/17/2037
   
96.56
         
ELM28 2024-4A E
04/17/2037 N.A.%
       
5
2
6
5
N
True
24169.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
241399.43
241399.43
-8600.58
-8600.58
10.01
False
10.19
 
0.17
0.17
0.18
250000.00
   
29003PAA
N
MP
438
Obra Opportunistic Structured
349927AU
FCBSL 2022-3A D1R
10/20/2035 N.A.%
 
349927AU7
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
10/20/2035
   
99.21
         
FCBSL 2022-3A D1R
10/20/2035 N.A.%
       
5
2
6
5
N
True
19794.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
248035.15
248035.15
-1964.85
-1964.85
7.98
False
8.03
 
0.18
0.17
0.19
250000.00
   
349927AU
N
MP
438
Obra Opportunistic Structured
41756FAG
HARUS 2024-3A C
01/18/2038 6.449480%
 
41756FAG1
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/18/2038
   
100.37
         
HARUS 2024-3A C
01/18/2038 6.449480%
       
5
2
6
5
N
True
14419.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
249875.00
249875.00
250923.30
250923.30
1048.30
1048.30
5.75
True
5.30
 
0.18
0.17
0.19
250000.00
 
N.A.
41756FAG
N
MP
438
Obra Opportunistic Structured
46602ABE
IVYH 7A AR3
10/15/2036 N.A.%
 
46602ABE1
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/15/2036
   
100.05
         
IVYH 7A AR3
10/15/2036 N.A.%
       
5
2
6
5
N
True
15816.57
 
L
N
   
3/31/2026
C
 
438;USD
USD
300000.00
299850.00
299850.61
300158.40
300158.40
307.79
307.79
5.27
False
5.27
 
0.21
0.21
0.22
300000.00
   
46602ABE
N
MP
438
Obra Opportunistic Structured
55955XAN
MAGNE 2024-42A D2
01/25/2038 N.A.%
 
55955XAN6
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/25/2038
   
98.99
         
MAGNE 2024-42A D2
01/25/2038 N.A.%
       
5
2
6
5
N
True
57135.15
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
750000.00
750000.00
742408.80
742408.80
-7591.20
-7591.20
7.70
False
7.75
 
0.52
0.51
0.55
750000.00
   
55955XAN
N
MP
438
Obra Opportunistic Structured
598014AL
MIDO 2024-17A D2
01/20/2038 N.A.%
 
598014AL2
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/20/2038
   
98.71
         
MIDO 2024-17A D2
01/20/2038 N.A.%
       
5
2
6
5
N
True
39088.15
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
493551.55
493551.55
-6448.45
-6448.45
7.92
False
7.99
 
0.35
0.34
0.37
500000.00
   
598014AL
N
MP
438
Obra Opportunistic Structured
640970AG
NEUB 2024-58A D1
10/18/2038 N.A.%
 
640970AG4
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/18/2038
   
99.90
         
NEUB 2024-58A D1
10/18/2038 N.A.%
       
5
2
6
5
N
True
32838.15
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
499501.75
499501.75
-498.25
-498.25
6.57
False
6.58
 
0.35
0.35
0.37
500000.00
   
640970AG
N
MP
438
Obra Opportunistic Structured
67443AAL
OBRAC 2024-1A D2
01/20/2038 8.259000%
 
67443AAL5
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/20/2038
   
100.46
         
OBRAC 2024-1A D2
01/20/2038 8.259000%
       
5
2
6
5
N
True
41295.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
502308.90
502308.90
2308.90
2308.90
8.22
False
8.20
 
0.35
0.35
0.38
500000.00
   
67443AAL
N
MP
438
Obra Opportunistic Structured
67443CAA
OBRAC 2024-1A E
01/20/2038 N.A.%
 
67443CAA5
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/20/2038
   
96.96
         
OBRAC 2024-1A E
01/20/2038 N.A.%
       
5
2
6
5
N
True
62505.60
 
L
N
   
3/31/2026
C
 
438;USD
USD
600000.00
600000.00
600000.00
581743.74
581743.74
-18256.26
-18256.26
10.74
False
10.87
 
0.41
0.40
0.43
600000.00
   
67443CAA
N
MP
438
Obra Opportunistic Structured
674433AA
OBRAC 2025-2A E
07/20/2038 N.A.%
 
674433AA5
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/20/2038
   
99.55
         
OBRAC 2025-2A E
07/20/2038 N.A.%
       
5
2
6
5
N
True
76257.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
750000.00
750000.00
746643.53
746643.53
-3356.48
-3356.48
0.00
False
0.04
 
0.53
0.52
0.56
750000.00
   
674433AA
N
MP
438
Obra Opportunistic Structured
67706HCE
OHALF 2013-1A D2R3
04/23/2037 N.A.%
 
67706HCE6
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/23/2037
   
98.84
         
OHALF 2013-1A D2R3
04/23/2037 N.A.%
       
5
2
6
5
N
True
20427.55
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
247108.38
247108.38
-2891.63
-2891.63
8.27
False
8.33
 
0.17
0.17
0.18
250000.00
   
67706HCE
N
MP
438
Obra Opportunistic Structured
69690ABC
PLMRS 2022-3A D1R
07/20/2037 7.219470%
 
69690ABC0
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
7/20/2037
   
99.04
         
PLMRS 2022-3A D1R
07/20/2037 7.219470%
       
5
2
6
5
N
True
10058.80
 
L
N
   
3/31/2026
C
 
438;USD
USD
152000.00
152684.00
152282.89
150544.42
150544.42
-1738.47
-1738.47
6.68
False
6.74
 
0.11
0.10
0.11
152000.00
 
N.A.
69690ABC
N
MP
438
Obra Opportunistic Structured
69700XAU
PLMRS 2022-4A CR
10/20/2037 N.A.%
 
69700XAU9
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/20/2037
   
99.96
         
PLMRS 2022-4A CR
10/20/2037 N.A.%
       
5
2
6
5
N
True
13919.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
249889.60
249889.60
-110.40
-110.40
5.57
False
5.57
 
0.18
0.17
0.19
250000.00
   
69700XAU
N
MP
438
Obra Opportunistic Structured
750104AW
RAD 2023-19A D1R
03/20/2038 7.673170%
 
750104AW1
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
3/20/2038
   
99.57
         
RAD 2023-19A D1R
03/20/2038 7.673170%
       
5
2
6
5
N
True
28070.52
 
L
N
   
3/31/2026
C
 
438;USD
USD
400000.00
404600.00
402653.43
398296.28
398296.28
-4357.15
-4357.15
7.05
False
7.07
 
0.28
0.28
0.30
400000.00
 
N.A.
750104AW
N
MP
438
Obra Opportunistic Structured
88240JAJ
TCIFC 2024-1A D
04/22/2037 8.820140%
 
88240JAJ2
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/22/2037
   
99.65
         
TCIFC 2024-1A D
04/22/2037 8.820140%
       
5
2
6
5
N
True
27072.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
375000.00
374968.95
374972.00
373700.96
373700.96
-1271.04
-1271.04
7.24
False
7.26
 
0.26
0.26
0.28
375000.00
 
N.A.
88240JAJ
N
MP
438
Obra Opportunistic Structured
92539TAD
VERUS 2023-4 M1
05/25/2068 7.399000%
 
92539TAD5
 
UNGROUPED SECURITIES
 
CLO
COLL LOAN OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
5/1/2068
   
100.83
         
VERUS 2023-4 M1
05/25/2068 7.399000%
       
5
2
6
5
N
True
28116.20
 
L
N
   
3/31/2026
C
 
438;USD
USD
380000.00
385300.54
385266.26
383144.12
383144.12
-2122.14
-2122.14
7.34
True
1.87
 
0.27
0.27
0.29
380000.00
   
92539TAD
N
MP
438
Obra Opportunistic Structured
08861RAG
BFLD 2024-UNIV D
11/15/2029 7.408570%
 
08861RAG6
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
11/15/2029
   
100.35
         
BFLD 2024-UNIV D
11/15/2029 7.408570%
       
5
2
6
5
N
True
31817.05
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
498749.95
499062.04
501768.50
501768.50
2706.46
2706.46
6.34
False
6.26
 
0.35
0.35
0.37
500000.00
   
08861RAG
N
MP
438
Obra Opportunistic Structured
12433DAG
BX 2024-GPA2 D
11/15/2029 7.246920%
 
12433DAG8
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
11/15/2029
   
99.99
         
BX 2024-GPA2 D
11/15/2029 7.246920%
       
5
2
6
5
N
True
30522.52
 
L
N
   
3/31/2026
C
 
438;USD
USD
487317.82
486099.53
486099.53
487265.73
487265.73
1166.20
1166.20
6.26
False
6.27
 
0.34
0.34
0.36
500000.00
   
12433DAG
N
MP
438
Obra Opportunistic Structured
05613YAG
BXMT 2025-FL5 C
10/18/2042 7.265200%
 
05613YAG8
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
10/18/2042
   
99.53
         
BXMT 2025-FL5 C
10/18/2042 7.265200%
       
5
2
6
5
N
True
13249.52
 
L
N
   
3/31/2026
C
 
438;USD
USD
200000.00
199500.00
199749.23
199057.92
199057.92
-691.31
-691.31
6.64
False
6.66
 
0.14
0.14
0.15
200000.00
   
05613YAG
N
MP
438
Obra Opportunistic Structured
12988DAG
CALI 2024-SUN D
07/15/2041 8.946960%
 
12988DAG7
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
7/15/2041
   
101.26
         
CALI 2024-SUN D
07/15/2041 8.946960%
       
5
2
6
5
N
True
72960.40
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1004375.00
1004348.76
1012558.80
1012558.80
8210.04
8210.04
7.21
False
7.16
 
0.71
0.70
0.76
1000000.00
   
12988DAG
N
MP
438
Obra Opportunistic Structured
34461WAE
FMBT 2024-FBLU C
12/15/2039 6.469180%
 
34461WAE0
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
12/15/2039
   
100.38
         
FMBT 2024-FBLU C
12/15/2039 6.469180%
       
5
2
6
5
N
True
14556.28
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
250959.58
250959.58
959.58
959.58
5.80
False
5.78
 
0.18
0.17
0.19
250000.00
   
34461WAE
N
MP
438
Obra Opportunistic Structured
34461WAG
FMBT 2024-FBLU D
12/15/2039 6.919180%
 
34461WAG5
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
12/15/2039
   
101.27
         
FMBT 2024-FBLU D
12/15/2039 6.919180%
       
5
2
6
5
N
True
78406.38
 
L
N
   
3/31/2026
C
 
438;USD
USD
1250000.00
1253593.75
1253572.09
1265825.50
1265825.50
12253.41
12253.41
6.19
False
6.14
 
0.89
0.88
0.95
1250000.00
   
34461WAG
N
MP
438
Obra Opportunistic Structured
362414AG
GWT 2024-WLF2 D
05/15/2041 8.239450%
 
362414AG9
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
5/15/2041
   
100.61
         
GWT 2024-WLF2 D
05/15/2041 8.239450%
       
5
2
6
5
N
True
79343.52
 
L
N
   
3/31/2026
C
 
438;USD
USD
1200000.00
1201812.50
1201887.05
1207329.84
1207329.84
5442.79
5442.79
6.57
False
6.55
 
0.85
0.84
0.90
1200000.00
   
362414AG
N
MP
438
Obra Opportunistic Structured
39152MAG
GWT 2024-WOLF D
03/15/2039 7.209180%
 
39152MAG0
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
3/15/2039
   
100.52
         
GWT 2024-WOLF D
03/15/2039 7.209180%
       
5
2
6
5
N
True
78750.12
 
L
N
   
3/31/2026
C
 
438;USD
USD
1200000.00
1203000.00
1202991.56
1206187.20
1206187.20
3195.64
3195.64
6.53
False
6.50
 
0.85
0.83
0.90
1200000.00
   
39152MAG
N
MP
438
Obra Opportunistic Structured
40424UAE
HLTN 2024-DPLO C
06/15/2041 7.860220%
 
40424UAE7
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
6/15/2041
   
100.25
         
HLTN 2024-DPLO C
06/15/2041 7.860220%
       
5
2
6
5
N
True
43489.11
 
L
N
   
3/31/2026
C
 
438;USD
USD
700000.00
699812.50
699832.93
701749.51
701749.51
1916.58
1916.58
6.20
False
6.19
 
0.50
0.49
0.52
700000.00
   
40424UAE
N
MP
438
Obra Opportunistic Structured
40424UAG
HLTN 2024-DPLO D
06/15/2041 7.660930%
 
40424UAG2
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
6/15/2041
   
101.00
         
HLTN 2024-DPLO D
06/15/2041 7.660930%
       
5
2
6
5
N
True
87644.75
 
L
N
   
3/31/2026
C
 
438;USD
USD
1250000.00
1252187.50
1252180.40
1262454.88
1262454.88
10274.48
10274.48
6.94
False
6.91
 
0.89
0.87
0.94
1250000.00
   
40424UAG
N
MP
438
Obra Opportunistic Structured
46676AAE
JW 2024-BERY C
11/15/2039 6.992000%
 
46676AAE3
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
11/15/2039
   
100.39
         
JW 2024-BERY C
11/15/2039 6.992000%
       
5
2
6
5
N
True
29572.55
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
498750.00
498826.24
501937.60
501937.60
3111.36
3111.36
5.89
False
5.87
 
0.35
0.35
0.37
500000.00
   
46676AAE
N
MP
438
Obra Opportunistic Structured
55287KAG
MF1 2025-FL19 C
05/18/2042 N.A.%
 
55287KAG8
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
5/18/2042
   
100.06
         
MF1 2025-FL19 C
05/18/2042 N.A.%
       
5
2
6
5
N
True
16300.60
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
249375.00
249731.66
250159.10
250159.10
427.44
427.44
6.52
True
6.42
 
0.18
0.17
0.19
250000.00
   
55287KAG
N
MP
438
Obra Opportunistic Structured
55287KAJ
MF1 2025-FL19 D
05/18/2042 N.A.%
 
55287KAJ2
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
5/18/2042
   
100.00
         
MF1 2025-FL19 D
05/18/2042 N.A.%
       
5
2
6
5
N
True
17798.45
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
249375.00
249730.97
250003.80
250003.80
272.83
272.83
7.12
True
7.12
 
0.18
0.17
0.19
250000.00
   
55287KAJ
N
MP
438
Obra Opportunistic Structured
62956HAG
NYC 2024-3ELV D
08/15/2029 9.168270%
 
62956HAG1
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
8/15/2029
   
100.96
         
NYC 2024-3ELV D
08/15/2029 9.168270%
       
5
2
6
5
N
True
131438.65
 
L
N
   
3/31/2026
C
 
438;USD
USD
1750000.00
1748437.45
1748437.45
1766862.65
1766862.65
18425.20
18425.20
7.44
False
7.19
 
1.25
1.22
1.32
1750000.00
   
62956HAG
N
MP
438
Obra Opportunistic Structured
69381CAJ
PGA 2024-RSR2 C
06/15/2026 8.089500%
 
69381CAJ6
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
6/15/2026
   
99.92
         
PGA 2024-RSR2 C
06/15/2026 8.089500%
       
5
2
6
5
N
True
16155.03
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
249370.00
249933.26
249810.35
249810.35
-122.91
-122.91
6.47
False
6.82
 
0.18
0.17
0.19
250000.00
   
69381CAJ
N
MP
438
Obra Opportunistic Structured
69381CAN
PGA 2024-RSR2 E
06/15/2039 8.984510%
 
69381CAN7
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
6/15/2039
   
98.80
         
PGA 2024-RSR2 E
06/15/2039 8.984510%
       
5
2
6
5
N
True
18901.28
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
251718.75
251618.40
247003.15
247003.15
-4615.25
-4615.25
7.65
False
7.70
 
0.17
0.17
0.18
250000.00
   
69381CAN
N
MP
438
Obra Opportunistic Structured
78489CAD
SWCH 2025-DATA D
03/15/2042 6.948550%
 
78489CAD1
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
3/15/2042
   
98.06
         
SWCH 2025-DATA D
03/15/2042 6.948550%
       
5
2
6
5
N
True
9470.60
 
L
N
   
3/31/2026
C
 
438;USD
USD
150000.00
149625.00
149625.00
147082.67
147082.67
-2542.34
-2542.34
6.44
False
6.51
 
0.10
0.10
0.11
150000.00
   
78489CAD
N
MP
438
Obra Opportunistic Structured
46117WAG
TOWN 2025-STAY D
03/15/2042 7.150000%
 
46117WAG7
 
UNGROUPED SECURITIES
 
CMBS
COMM MORT BACKED SEC
   
USA
UNITED STATES
   
USD
US DOLLAR
3/15/2042
   
100.75
         
TOWN 2025-STAY D
03/15/2042 7.150000%
       
5
2
6
5
N
True
16307.50
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
251881.13
251881.13
1881.13
1881.13
6.47
False
6.45
 
0.18
0.17
0.19
250000.00
   
46117WAG
N
MP
438
Obra Opportunistic Structured
00037LAQ
ABBSL 2021-2A B1R
04/15/2039 N.A.%
 
00037LAQ3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2039
   
100.06
         
ABBSL 2021-2A B1R
04/15/2039 N.A.%
       
5
2
6
5
N
True
36194.76
 
L
N
   
3/31/2026
C
 
438;USD
USD
700000.00
700000.00
700000.00
700441.42
700441.42
441.42
441.42
0.00
False
0.00
 
0.49
0.48
0.52
700000.00
   
00037LAQ
N
MP
438
Obra Opportunistic Structured
00039MAA
ABBSL 2025-6A E
07/20/2037 10.27169%
 
00039MAA4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/20/2037
   
97.79
         
ABBSL 2025-6A E
07/20/2037 10.27169%
       
5
2
6
5
N
True
14501.45
 
L
N
   
3/31/2026
C
 
438;USD
USD
150000.00
150000.00
150000.00
146686.56
146686.56
-3313.44
-3313.44
10.11
False
10.21
 
0.10
0.10
0.11
150000.00
 
N.A.
00039MAA
N
MP
438
Obra Opportunistic Structured
001207AY
AGL 2020-9A DR
04/20/2037 7.875490%
 
001207AY5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2037
   
97.97
         
AGL 2020-9A DR
04/20/2037 7.875490%
       
5
2
6
5
N
True
36088.15
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
503350.00
500240.87
489852.40
489852.40
-10388.47
-10388.47
7.37
False
7.49
 
0.35
0.34
0.37
500000.00
 
N.A.
001207AY
N
MP
438
Obra Opportunistic Structured
00121DAD
AGL 2024-33A D1
07/21/2037 6.469690%
 
00121DAD7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/21/2037
   
99.33
         
AGL 2024-33A D1
07/21/2037 6.469690%
       
5
2
6
5
N
True
58227.21
 
L
N
   
3/31/2026
C
 
438;USD
USD
900000.00
895500.00
896256.01
893936.97
893936.97
-2319.04
-2319.04
6.51
False
6.55
 
0.63
0.62
0.67
900000.00
 
N.A.
00121DAD
N
MP
438
Obra Opportunistic Structured
00121JAJ
AGL 2024-34A D1
01/22/2038 6.569200%
 
00121JAJ1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/22/2038
   
99.00
         
AGL 2024-34A D1
01/22/2038 6.569200%
       
5
2
6
5
N
True
62407.40
 
L
N
   
3/31/2026
C
 
438;USD
USD
950000.00
946675.00
947076.61
940535.44
940535.44
-6541.18
-6541.18
6.64
False
6.69
 
0.66
0.65
0.70
950000.00
 
N.A.
00121JAJ
N
MP
438
Obra Opportunistic Structured
00792TAA
AGL 2025-42A E
07/22/2038 8.819200%
 
00792TAA6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/22/2038
   
98.00
         
AGL 2025-42A E
07/22/2038 8.819200%
       
5
2
6
5
N
True
44096.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
498250.00
498397.83
489978.85
489978.85
-8418.98
-8418.98
9.00
False
9.09
 
0.35
0.34
0.37
500000.00
 
N.A.
00792TAA
N
MP
438
Obra Opportunistic Structured
04963XAJ
AHPT 2024-ATRM D
11/10/2029 7.934874%
 
04963XAJ3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
11/1/2029
   
102.12
         
AHPT 2024-ATRM D
11/10/2029 7.934874%
       
5
2
6
5
N
True
71669.80
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1041992.19
1040883.53
1021150.50
1021150.50
-19733.03
-19733.03
7.77
False
7.26
 
0.72
0.71
0.76
1000000.00
   
04963XAJ
N
MP
438
Obra Opportunistic Structured
03333PAG
ANCHC 2026-36A C
04/15/2039 N.A.%
 
03333PAG1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2039
   
100.00
M
       
ANCHC 2026-36A C
04/15/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
650000.00
650000.00
0.00
0.00
0.00
False
0.00
 
0.46
0.45
0.49
650000.00
   
03333PAG
N
MP
438
Obra Opportunistic Structured
03333PAJ
ANCHC 2026-36A D
04/15/2039 N.A.%
 
03333PAJ5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2039
   
100.00
M
       
ANCHC 2026-36A D
04/15/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
650000.00
650000.00
0.00
0.00
0.00
False
0.00
 
0.46
0.45
0.49
650000.00
   
03333PAJ
N
MP
438
Obra Opportunistic Structured
032923AG
ANCHC 2026-37A C
04/20/2039 N.A.%
 
032923AG9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2039
   
100.23
         
ANCHC 2026-37A C
04/20/2039 N.A.%
       
5
2
6
5
N
True
24951.38
 
L
N
   
3/31/2026
C
 
438;USD
USD
441000.00
441000.00
441000.00
442014.30
442014.30
1014.30
1014.30
5.64
False
5.63
 
0.31
0.31
0.33
441000.00
   
032923AG
N
MP
438
Obra Opportunistic Structured
032923AJ
ANCHC 2026-37A D
04/20/2039 N.A.%
 
032923AJ3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2039
   
100.00
         
ANCHC 2026-37A D
04/20/2039 N.A.%
       
5
2
6
5
N
True
50106.22
 
L
N
   
3/31/2026
C
 
438;USD
USD
736000.00
736000.00
736000.00
736000.00
736000.00
0.00
0.00
6.81
False
6.81
 
0.52
0.51
0.55
736000.00
   
032923AJ
N
MP
438
Obra Opportunistic Structured
03332DBA
ANCHF 2020-12A D
10/25/2038 5.927000%
 
03332DBA1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/25/2038
   
98.13
         
ANCHF 2020-12A D
10/25/2038 5.927000%
       
5
2
6
5
N
True
59270.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
995000.00
997410.39
981302.00
981302.00
-16108.39
-16108.39
6.04
False
6.14
 
0.69
0.68
0.73
1000000.00
 
N.A.
03332DBA
N
MP
438
Obra Opportunistic Structured
03666BBC
ANTR 2021-1A CR
10/25/2038 N.A.%
 
03666BBC7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/25/2038
   
99.86
         
ANTR 2021-1A CR
10/25/2038 N.A.%
       
5
2
6
5
N
True
22005.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
375000.00
375000.00
375000.00
374487.94
374487.94
-512.06
-512.06
5.88
False
5.88
 
0.26
0.26
0.28
375000.00
   
03666BBC
N
MP
438
Obra Opportunistic Structured
03666BBE
ANTR 2021-1A DR
10/25/2038 N.A.%
 
03666BBE3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/25/2038
   
98.24
         
ANTR 2021-1A DR
10/25/2038 N.A.%
       
5
2
6
5
N
True
34340.10
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
491194.50
491194.50
-8805.50
-8805.50
6.99
False
7.08
 
0.35
0.34
0.37
500000.00
   
03666BBE
N
MP
438
Obra Opportunistic Structured
682461AJ
AOA 2025-1301 D
08/11/2030 6.430113%
 
682461AJ7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
8/1/2030
   
100.78
         
AOA 2025-1301 D
08/11/2030 6.430113%
       
5
2
6
5
N
True
15556.73
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
251947.78
251947.78
1947.78
1947.78
6.17
False
6.02
 
0.18
0.17
0.19
250000.00
   
682461AJ
N
MP
438
Obra Opportunistic Structured
05351KAH
AVCCT 2024-1A D
04/15/2030 8.800000%
 
05351KAH2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
4/15/2030
   
100.32
         
AVCCT 2024-1A D
04/15/2030 8.800000%
       
5
2
6
5
N
True
84832.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
964000.00
975447.50
975257.42
967132.52
967132.52
-8124.90
-8124.90
8.77
False
8.70
 
0.68
0.67
0.72
964000.00
   
05351KAH
N
MP
438
Obra Opportunistic Structured
05493XAG
BAHA 2024-MAR C
12/10/2041 7.766316%
 
05493XAG5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/1/2041
   
103.11
         
BAHA 2024-MAR C
12/10/2041 7.766316%
       
5
2
6
5
N
True
70147.40
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1052578.13
1052368.33
1031069.50
1031069.50
-21298.83
-21298.83
7.53
False
7.43
 
0.73
0.71
0.77
1000000.00
   
05493XAG
N
MP
438
Obra Opportunistic Structured
06701PAC
BAR 2026-FL1 AS
08/20/2043 5.550000%
 
06701PAC7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
8/20/2043
   
100.02
         
BAR 2026-FL1 AS
08/20/2043 5.550000%
       
5
2
6
5
N
True
27750.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
500098.80
500098.80
98.80
98.80
5.55
True
5.54
 
0.35
0.35
0.37
500000.00
   
06701PAC
N
MP
438
Obra Opportunistic Structured
06701PAE
BAR 2026-FL1 B
08/20/2043 5.800000%
 
06701PAE3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
8/20/2043
   
100.02
         
BAR 2026-FL1 B
08/20/2043 5.800000%
       
5
2
6
5
N
True
29000.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
500087.45
500087.45
87.45
87.45
5.80
True
5.79
 
0.35
0.35
0.37
500000.00
   
06701PAE
N
MP
438
Obra Opportunistic Structured
07134FAL
BATLN 2024-25A BR
03/13/2037 N.A.%
 
07134FAL4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
3/13/2037
   
100.00
M
       
BATLN 2024-25A BR
03/13/2037 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
350000.00
350000.00
350000.00
350000.00
350000.00
0.00
0.00
0.00
False
0.00
 
0.25
0.24
0.26
350000.00
   
07134FAL
N
MP
438
Obra Opportunistic Structured
07134FAN
BATLN 2024-25A CR
03/13/2037 N.A.%
 
07134FAN0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
3/13/2037
   
100.00
M
       
BATLN 2024-25A CR
03/13/2037 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
350000.00
350000.00
350000.00
350000.00
350000.00
0.00
0.00
0.00
False
0.00
 
0.25
0.24
0.26
350000.00
   
07134FAN
N
MP
438
Obra Opportunistic Structured
07135CAG
BATLN 2026-31A C
04/20/2039 N.A.%
 
07135CAG1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2039
   
100.24
         
BATLN 2026-31A C
04/20/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
400000.00
400000.00
400000.00
400960.00
400960.00
960.00
960.00
0.00
False
-0.02
 
0.28
0.28
0.30
400000.00
   
07135CAG
N
MP
438
Obra Opportunistic Structured
05685JBC
BCC 2022-5A DRR
01/24/2037 N.A.%
 
05685JBC2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
1/24/2037
   
98.54
         
BCC 2022-5A DRR
01/24/2037 N.A.%
       
5
2
6
5
N
True
24630.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
375000.00
375000.00
375000.00
369526.84
369526.84
-5473.16
-5473.16
6.67
False
6.76
 
0.26
0.26
0.28
375000.00
   
05685JBC
N
MP
438
Obra Opportunistic Structured
05684GBA
BCC 2023-2A D1R
07/18/2038 6.517630%
 
05684GBA3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
7/18/2038
   
98.53
         
BCC 2023-2A D1R
07/18/2038 6.517630%
       
5
2
6
5
N
True
65176.30
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
998750.00
998750.00
985328.50
985328.50
-13421.50
-13421.50
6.61
False
6.69
 
0.70
0.68
0.74
1000000.00
 
N.A.
05684GBA
N
MP
438
Obra Opportunistic Structured
05686EAG
BCC 2026-2A C
04/26/2039 N.A.%
 
05686EAG4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/26/2039
   
100.00
M
       
BCC 2026-2A C
04/26/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
650000.00
650000.00
0.00
0.00
0.00
False
0.00
 
0.46
0.45
0.49
650000.00
   
05686EAG
N
MP
438
Obra Opportunistic Structured
05686EAJ
BCC 2026-2A D1
04/26/2039 N.A.%
 
05686EAJ8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/26/2039
   
100.00
M
       
BCC 2026-2A D1
04/26/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
650000.00
650000.00
0.00
0.00
0.00
False
0.00
 
0.46
0.45
0.49
650000.00
   
05686EAJ
N
MP
438
Obra Opportunistic Structured
072921AS
BDS 2025-FL14 D
10/17/2042 6.167240%
 
072921AS8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
10/17/2042
   
96.72
         
BDS 2025-FL14 D
10/17/2042 6.167240%
       
5
2
6
5
N
True
46325.40
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
749531.25
749531.25
725392.65
725392.65
-24138.60
-24138.60
6.38
False
6.49
 
0.51
0.50
0.54
750000.00
   
072921AS
N
MP
438
Obra Opportunistic Structured
088928AE
BHMS 2025-ATLS C
08/15/2042 7.650000%
 
088928AE6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
8/15/2042
   
99.82
         
BHMS 2025-ATLS C
08/15/2042 7.650000%
       
5
2
6
5
N
True
52293.83
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
750000.00
750000.00
748653.15
748653.15
-1346.85
-1346.85
6.99
False
6.99
 
0.53
0.52
0.56
750000.00
   
088928AE
N
MP
438
Obra Opportunistic Structured
05765DAZ
BOBA 2023-1A D2RR
04/20/2036 N.A.%
 
05765DAZ8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2036
   
98.50
         
BOBA 2023-1A D2RR
04/20/2036 N.A.%
       
5
2
6
5
N
True
19794.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
246243.45
246243.45
-3756.55
-3756.55
8.04
False
8.14
 
0.17
0.17
0.18
250000.00
   
05765DAZ
N
MP
438
Obra Opportunistic Structured
10569UAA
BRAVO 2023-NQM5 A1
06/25/2063 6.505000%
 
10569UAA3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
6/1/2063
   
101.87
         
BRAVO 2023-NQM5 A1
06/25/2063 6.505000%
       
5
2
6
5
N
True
8805.73
 
L
N
   
3/31/2026
C
 
438;USD
USD
135368.58
135627.69
135559.03
137893.35
137893.35
2334.32
2334.32
6.39
True
0.61
 
0.10
0.10
0.10
250000.00
   
10569UAA
N
MP
438
Obra Opportunistic Structured
05594VAE
BSPDF 2026-FL3 B
09/18/2043 5.600000%
 
05594VAE2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/18/2043
   
99.81
         
BSPDF 2026-FL3 B
09/18/2043 5.600000%
       
5
2
6
5
N
True
56000.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
998129.00
998129.00
-1871.00
-1871.00
5.61
False
5.62
 
0.70
0.69
0.75
1000000.00
   
05594VAE
N
MP
438
Obra Opportunistic Structured
05594VAG
BSPDF 2026-FL3 C
09/18/2043 5.750000%
 
05594VAG7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/18/2043
   
99.68
         
BSPDF 2026-FL3 C
09/18/2043 5.750000%
       
5
2
6
5
N
True
57500.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
996827.80
996827.80
-3172.20
-3172.20
5.77
False
5.78
 
0.70
0.69
0.74
1000000.00
   
05594VAG
N
MP
438
Obra Opportunistic Structured
05594VAJ
BSPDF 2026-FL3 D
09/18/2043 6.400000%
 
05594VAJ1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/18/2043
   
99.89
         
BSPDF 2026-FL3 D
09/18/2043 6.400000%
       
5
2
6
5
N
True
64000.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
998938.40
998938.40
-1061.60
-1061.60
6.41
False
6.41
 
0.71
0.69
0.75
1000000.00
   
05594VAJ
N
MP
438
Obra Opportunistic Structured
05619BAG
BSPRT 2025-FL12 C
01/17/2043 6.297000%
 
05619BAG2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/17/2043
   
99.93
         
BSPRT 2025-FL12 C
01/17/2043 6.297000%
       
5
2
6
5
N
True
14687.80
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
249375.00
249493.60
249834.25
249834.25
340.65
340.65
5.86
False
5.86
 
0.18
0.17
0.19
250000.00
   
05619BAG
N
MP
438
Obra Opportunistic Structured
05619BAJ
BSPRT 2025-FL12 D
01/17/2043 6.796000%
 
05619BAJ6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/17/2043
   
99.81
         
BSPRT 2025-FL12 D
01/17/2043 6.796000%
       
5
2
6
5
N
True
12748.24
 
L
N
   
3/31/2026
C
 
438;USD
USD
200000.00
199500.00
199594.38
199617.30
199617.30
22.92
22.92
6.37
False
6.37
 
0.14
0.14
0.15
200000.00
   
05619BAJ
N
MP
438
Obra Opportunistic Structured
05618XAE
BX 2025-COPT C
09/15/2042 6.850000%
 
05618XAE0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/15/2042
   
100.14
         
BX 2025-COPT C
09/15/2042 6.850000%
       
5
2
6
5
N
True
15431.28
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
250348.70
250348.70
348.70
348.70
6.16
False
6.16
 
0.18
0.17
0.19
250000.00
   
05618XAE
N
MP
438
Obra Opportunistic Structured
05618XAG
BX 2025-COPT D
09/15/2042 7.600000%
 
05618XAG5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/15/2042
   
100.18
         
BX 2025-COPT D
09/15/2042 7.600000%
       
5
2
6
5
N
True
83070.12
 
L
N
   
3/31/2026
C
 
438;USD
USD
1200000.00
1203500.00
1203493.44
1202102.88
1202102.88
-1390.56
-1390.56
6.91
False
6.90
 
0.85
0.83
0.90
1200000.00
   
05618XAG
N
MP
438
Obra Opportunistic Structured
12433GAG
BX 2025-GW D
07/15/2042 6.410000%
 
12433GAG1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/15/2042
   
100.29
         
BX 2025-GW D
07/15/2042 6.410000%
       
5
2
6
5
N
True
64230.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1005000.00
1004981.00
1002928.40
1002928.40
-2052.60
-2052.60
6.39
False
6.38
 
0.71
0.69
0.75
1000000.00
   
12433GAG
N
MP
438
Obra Opportunistic Structured
12433KAG
BX 2025-VLT6 D
03/15/2042 6.251240%
 
12433KAG2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/15/2042
   
99.88
         
BX 2025-VLT6 D
03/15/2042 6.251240%
       
5
2
6
5
N
True
68905.10
 
L
N
   
3/31/2026
C
 
438;USD
USD
1100000.00
1098968.75
1098968.75
1098672.19
1098672.19
-296.56
-296.56
6.27
False
6.28
 
0.78
0.76
0.82
1100000.00
   
12433KAG
N
MP
438
Obra Opportunistic Structured
123913AG
BX 2025-VLT7 D
07/15/2044 6.909650%
 
123913AG0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/15/2044
   
100.15
         
BX 2025-VLT7 D
07/15/2044 6.909650%
       
5
2
6
5
N
True
51918.83
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
754218.75
754204.02
751139.25
751139.25
-3064.77
-3064.77
6.91
False
6.91
 
0.53
0.52
0.56
750000.00
   
123913AG
N
MP
438
Obra Opportunistic Structured
14316WAU
CGMS 2021-7A D1R
04/15/2040 6.672190%
 
14316WAU3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2040
   
99.26
         
CGMS 2021-7A D1R
04/15/2040 6.672190%
       
5
2
6
5
N
True
33360.95
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
501250.00
501114.14
496315.10
496315.10
-4799.04
-4799.04
6.72
False
6.75
 
0.35
0.34
0.37
500000.00
 
N.A.
14316WAU
N
MP
438
Obra Opportunistic Structured
12577HAG
CHI 2025-110W D
12/13/2040 6.628600%
 
12577HAG5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/13/2040
   
100.32
         
CHI 2025-110W D
12/13/2040 6.628600%
       
5
2
6
5
N
True
79543.20
 
L
N
   
3/31/2026
C
 
438;USD
USD
1200000.00
1207875.00
1207862.84
1203815.16
1203815.16
-4047.68
-4047.68
6.61
False
6.59
 
0.85
0.83
0.90
1200000.00
   
12577HAG
N
MP
438
Obra Opportunistic Structured
17150YAS
CHMML 2023-3A BR
04/20/2038 N.A.%
 
17150YAS6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2038
   
99.90
         
CHMML 2023-3A BR
04/20/2038 N.A.%
       
5
2
6
5
N
True
12080.32
 
L
N
   
3/31/2026
C
 
438;USD
USD
225000.00
225000.00
225000.00
224770.77
224770.77
-229.23
-229.23
0.00
False
0.01
 
0.16
0.16
0.17
225000.00
   
17150YAS
N
MP
438
Obra Opportunistic Structured
17150YAU
CHMML 2023-3A CR
04/20/2038 N.A.%
 
17150YAU1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2038
   
99.58
         
CHMML 2023-3A CR
04/20/2038 N.A.%
       
5
2
6
5
N
True
40988.06
 
L
N
   
3/31/2026
C
 
438;USD
USD
736000.00
736000.00
736000.00
732905.05
732905.05
-3094.95
-3094.95
0.00
False
0.03
 
0.52
0.51
0.55
736000.00
   
17150YAU
N
MP
438
Obra Opportunistic Structured
12572GBE
CIFC 2022-5A CR2
03/16/2038 N.A.%
 
12572GBE6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
3/16/2038
   
100.26
         
CIFC 2022-5A CR2
03/16/2038 N.A.%
       
5
2
6
5
N
True
19818.05
 
L
N
   
3/31/2026
C
 
438;USD
USD
350000.00
350000.00
350000.00
350910.00
350910.00
910.00
910.00
0.00
False
-0.02
 
0.25
0.24
0.26
350000.00
 
N.A.
12572GBE
N
MP
438
Obra Opportunistic Structured
315961AG
CNSL 2026-1A A2
03/20/2056 5.079000%
 
315961AG7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/20/2056
   
99.07
         
CNSL 2026-1A A2
03/20/2056 5.079000%
       
5
2
6
5
N
True
50739.21
 
L
N
   
3/31/2026
C
 
438;USD
USD
999000.00
998957.84
998957.84
989756.25
989756.25
-9201.59
-9201.59
5.13
False
5.14
 
0.70
0.68
0.74
999000.00
   
315961AG
N
MP
438
Obra Opportunistic Structured
315961AJ
CNSL 2026-1A B
03/20/2056 5.422000%
 
315961AJ1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/20/2056
   
99.15
         
CNSL 2026-1A B
03/20/2056 5.422000%
       
5
2
6
5
N
True
54165.78
 
L
N
   
3/31/2026
C
 
438;USD
USD
999000.00
998982.52
998982.52
990494.11
990494.11
-8488.41
-8488.41
5.47
False
5.48
 
0.70
0.69
0.74
999000.00
   
315961AJ
N
MP
438
Obra Opportunistic Structured
223925AJ
CQS 2026-6A D1
03/31/2039 N.A.%
 
223925AJ7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
3/31/2039
   
98.74
         
CQS 2026-6A D1
03/31/2039 N.A.%
       
5
2
6
5
N
True
68806.80
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
987442.20
987442.20
-12557.80
-12557.80
6.97
False
7.03
 
0.70
0.68
0.74
1000000.00
   
223925AJ
N
MP
438
Obra Opportunistic Structured
22758CAA
CROSS 2023-H1 A1
03/25/2068 6.615000%
 
22758CAA9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/1/2068
   
102.57
         
CROSS 2023-H1 A1
03/25/2068 6.615000%
       
5
2
6
5
N
True
11309.60
 
L
N
   
3/31/2026
C
 
438;USD
USD
170969.00
171456.52
171327.32
175361.09
175361.09
4033.77
4033.77
6.45
True
-1.47
 
0.12
0.12
0.13
375000.00
   
22758CAA
N
MP
438
Obra Opportunistic Structured
227920AA
CROSS 2025-H5 A1
07/25/2070 5.509000%
 
227920AA3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/1/2070
   
100.55
         
CROSS 2025-H5 A1
07/25/2070 5.509000%
       
5
2
6
5
N
True
48016.74
 
L
N
   
3/31/2026
C
 
438;USD
USD
871605.40
880049.08
879766.29
876369.60
876369.60
-3396.69
-3396.69
5.48
True
5.25
 
0.62
0.61
0.65
1000000.00
   
227920AA
N
MP
438
Obra Opportunistic Structured
22758EAA
CROSS 2026-NQM1 A1
02/25/2061 4.699000%
 
22758EAA5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
2/1/2061
   
98.61
         
CROSS 2026-NQM1 A1
02/25/2061 4.699000%
       
5
2
6
5
N
True
46243.50
 
L
N
   
3/31/2026
C
 
438;USD
USD
984113.65
982383.77
982436.36
970417.94
970417.94
-12018.42
-12018.42
4.77
False
4.78
 
0.69
0.67
0.72
1000000.00
   
22758EAA
N
MP
438
Obra Opportunistic Structured
227924AF
CROSS 2026-NQM2 A2
03/25/2061 5.087000%
 
227924AF4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/1/2061
   
99.50
         
CROSS 2026-NQM2 A2
03/25/2061 5.087000%
       
5
2
6
5
N
True
50524.17
 
L
N
   
3/31/2026
C
 
438;USD
USD
993201.68
993186.78
993186.78
988216.20
988216.20
-4970.58
-4970.58
5.11
False
5.12
 
0.70
0.68
0.74
1000000.00
   
227924AF
N
MP
438
Obra Opportunistic Structured
227924AG
CROSS 2026-NQM2 A3
03/25/2061 5.239000%
 
227924AG2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/1/2061
   
99.50
         
CROSS 2026-NQM2 A3
03/25/2061 5.239000%
       
5
2
6
5
N
True
52033.84
 
L
N
   
3/31/2026
C
 
438;USD
USD
993201.68
993182.81
993182.81
988222.86
988222.86
-4959.95
-4959.95
5.27
False
5.27
 
0.70
0.68
0.74
1000000.00
   
227924AG
N
MP
438
Obra Opportunistic Structured
23306HAG
DBC 2025-DBC D
06/15/2038 6.650000%
 
23306HAG0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
6/15/2038
   
100.76
         
DBC 2025-DBC D
06/15/2038 6.650000%
       
5
2
6
5
N
True
9409.50
 
L
N
   
3/31/2026
C
 
438;USD
USD
150000.00
150000.00
150000.00
151139.37
151139.37
1139.37
1139.37
6.23
False
6.19
 
0.11
0.10
0.11
150000.00
   
23306HAG
N
MP
438
Obra Opportunistic Structured
25290DAE
DPCCLO 2026-2A B
04/15/2038 N.A.%
 
25290DAE7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2038
   
100.00
M
       
DPCCLO 2026-2A B
04/15/2038 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
650000.00
650000.00
0.00
0.00
0.00
False
0.00
 
0.46
0.45
0.49
650000.00
   
25290DAE
N
MP
438
Obra Opportunistic Structured
29003HAJ
ELM31 2024-7A D1
07/17/2037 6.467630%
 
29003HAJ7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/17/2037
   
99.33
         
ELM31 2024-7A D1
07/17/2037 6.467630%
       
5
2
6
5
N
True
48507.23
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
735000.00
738227.57
744974.40
744974.40
6746.83
6746.83
6.51
False
6.55
 
0.53
0.52
0.56
750000.00
 
N.A.
29003HAJ
N
MP
438
Obra Opportunistic Structured
289917AJ
ELM48 2026-2A D
04/20/2039 N.A.%
 
289917AJ5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2039
   
100.00
M
       
ELM48 2026-2A D
04/20/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
500000.00
500000.00
0.00
0.00
0.00
False
0.00
 
0.35
0.35
0.37
500000.00
   
289917AJ
N
MP
438
Obra Opportunistic Structured
29002QBA
ELMW7 2020-4A D1RR
10/17/2037 6.767630%
 
29002QBA6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/17/2037
   
99.01
         
ELMW7 2020-4A D1RR
10/17/2037 6.767630%
       
5
2
6
5
N
True
67676.30
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
983750.00
985261.13
990080.10
990080.10
4818.97
4818.97
6.84
False
6.89
 
0.70
0.69
0.74
1000000.00
 
N.A.
29002QBA
N
MP
438
Obra Opportunistic Structured
349936AS
FCBSL 2023-3A DR
01/23/2037 6.621020%
 
349936AS3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
1/23/2037
   
99.57
         
FCBSL 2023-3A DR
01/23/2037 6.621020%
       
5
2
6
5
N
True
33105.10
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
497853.15
497853.15
-2146.85
-2146.85
6.65
False
6.68
 
0.35
0.34
0.37
500000.00
 
N.A.
349936AS
N
MP
438
Obra Opportunistic Structured
34966PAE
FCBSL 2024-3A B
10/23/2037 5.621020%
 
34966PAE5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/23/2037
   
100.51
         
FCBSL 2024-3A B
10/23/2037 5.621020%
       
5
2
6
5
N
True
28105.10
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
501750.00
501422.72
502558.20
502558.20
1135.48
1135.48
5.59
True
4.71
 
0.35
0.35
0.38
500000.00
 
N.A.
34966PAE
N
MP
438
Obra Opportunistic Structured
35040VAD
FFIN 2024-2A D
03/15/2050 6.590000%
 
35040VAD1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/15/2050
   
102.24
         
FFIN 2024-2A D
03/15/2050 6.590000%
       
5
2
6
5
N
True
52192.89
 
L
N
   
3/31/2026
C
 
438;USD
USD
792001.31
815761.35
815149.85
809767.88
809767.88
-5397.66
-5397.66
6.45
True
5.96
 
0.57
0.56
0.60
1000000.00
   
35040VAD
N
MP
438
Obra Opportunistic Structured
35040WAE
FFIN 2025-1A E
04/15/2050 8.370000%
 
35040WAE7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
4/15/2050
   
98.22
M
       
FFIN 2025-1A E
04/15/2050 8.370000%
       
5
2
6
5
N
True
94533.04
 
L
N
   
3/31/2026
C
 
438;USD
USD
1129426.96
1145238.95
1145019.26
1109321.92
1109321.92
-35697.34
-35697.34
8.52
False
8.54
 
0.78
0.77
0.83
1250000.00
   
35040WAE
N
MP
438
Obra Opportunistic Structured
35042TAE
FFIN 2025-3A E
08/15/2052 8.420000%
 
35042TAE2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
8/15/2052
   
101.83
         
FFIN 2025-3A E
08/15/2052 8.420000%
       
5
2
6
5
N
True
55066.80
 
L
N
   
3/31/2026
C
 
438;USD
USD
654000.00
669379.22
669123.71
665965.91
665965.91
-3157.80
-3157.80
8.27
True
8.05
 
0.47
0.46
0.50
654000.00
   
35042TAE
N
MP
438
Obra Opportunistic Structured
36626FAA
GARNET 2025-4A E
01/20/2039 8.658910%
 
36626FAA2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/20/2039
   
97.82
         
GARNET 2025-4A E
01/20/2039 8.658910%
       
5
2
6
5
N
True
43294.55
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
501250.00
501173.03
489102.10
489102.10
-12070.93
-12070.93
8.85
False
8.94
 
0.35
0.34
0.37
500000.00
   
36626FAA
N
MP
438
Obra Opportunistic Structured
38181HAC
GOCAP 2020-49A A1R2
07/20/2038 5.187630%
 
38181HAC7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/20/2038
   
100.29
         
GOCAP 2020-49A A1R2
07/20/2038 5.187630%
       
5
2
6
5
N
True
36313.41
 
L
N
   
3/31/2026
C
 
438;USD
USD
700000.00
700945.00
700882.38
702026.85
702026.85
1144.47
1144.47
5.17
True
4.99
 
0.50
0.49
0.52
700000.00
   
38181HAC
N
MP
438
Obra Opportunistic Structured
38411WAD
GPIF 2025-1A D
08/15/2028 N.A.%
 
38411WAD4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
8/1/2028
   
100.09
M
       
GPIF 2025-1A D
08/15/2028 N.A.%
       
5
2
6
5
N
True
61264.20
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
750000.00
750000.00
750668.48
750668.48
668.48
668.48
8.16
False
8.13
 
0.53
0.52
0.56
750000.00
   
38411WAD
N
MP
438
Obra Opportunistic Structured
36272MAA
GSMBS 2025-PJ7 A1
12/25/2055 6.000000%
 
36272MAA4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/1/2055
   
101.64
         
GSMBS 2025-PJ7 A1
12/25/2055 6.000000%
       
5
2
6
5
N
True
21934.04
 
L
N
   
3/31/2026
C
 
438;USD
USD
365567.26
366481.18
366446.41
371564.83
371564.83
5118.42
5118.42
5.90
True
5.81
 
0.26
0.26
0.28
500000.00
   
36272MAA
N
MP
438
Obra Opportunistic Structured
36274DAE
GSREFT 2026-FL1 B
04/19/2043 5.670000%
 
36274DAE4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/19/2043
   
100.04
         
GSREFT 2026-FL1 B
04/19/2043 5.670000%
       
5
2
6
5
N
True
28350.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
500185.67
500185.67
185.67
185.67
5.67
True
5.65
 
0.35
0.35
0.37
500000.00
   
36274DAE
N
MP
438
Obra Opportunistic Structured
40390TAA
HOMES 2024-NQM1 A1
07/25/2069 5.915000%
 
40390TAA8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/1/2069
   
101.34
         
HOMES 2024-NQM1 A1
07/25/2069 5.915000%
       
5
2
6
5
N
True
13282.33
 
L
N
   
3/31/2026
C
 
438;USD
USD
224553.34
226746.24
226575.77
227570.80
227570.80
995.03
995.03
5.84
True
4.86
 
0.16
0.16
0.17
340000.00
   
40390TAA
N
MP
438
Obra Opportunistic Structured
46592UAE
JPMCC 2025-PHNY C
01/15/2041 6.293000%
 
46592UAE0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/15/2041
   
100.03
         
JPMCC 2025-PHNY C
01/15/2041 6.293000%
       
5
2
6
5
N
True
18646.53
 
L
N
   
3/31/2026
C
 
438;USD
USD
300000.00
299250.00
299250.00
300094.02
300094.02
844.02
844.02
6.20
False
6.20
 
0.21
0.21
0.22
300000.00
   
46592UAE
N
MP
438
Obra Opportunistic Structured
46592UAG
JPMCC 2025-PHNY D
01/15/2041 6.942000%
 
46592UAG5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/15/2041
   
100.03
         
JPMCC 2025-PHNY D
01/15/2041 6.942000%
       
5
2
6
5
N
True
68645.10
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1002750.00
1002732.15
1000274.00
1000274.00
-2458.15
-2458.15
6.85
False
6.85
 
0.71
0.69
0.75
1000000.00
   
46592UAG
N
MP
438
Obra Opportunistic Structured
46676AAG
JW 2024-BERY D
11/15/2039 6.463510%
 
46676AAG8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
11/15/2039
   
101.26
         
JW 2024-BERY D
11/15/2039 6.463510%
       
5
2
6
5
N
True
77562.12
 
L
N
   
3/31/2026
C
 
438;USD
USD
1200000.00
1204500.00
1204490.98
1215156.60
1215156.60
10665.62
10665.62
6.38
False
6.33
 
0.86
0.84
0.91
1200000.00
   
46676AAG
N
MP
438
Obra Opportunistic Structured
48257PAG
KKR 2026-63A C
04/20/2039 N.A.%
 
48257PAG8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2039
   
100.00
M
       
KKR 2026-63A C
04/20/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
999000.00
999000.00
999000.00
999000.00
999000.00
0.00
0.00
0.00
False
0.00
 
0.71
0.69
0.75
999000.00
   
48257PAG
N
MP
438
Obra Opportunistic Structured
48253YBS
KKR 27A CR2
01/15/2035 5.572190%
 
48253YBS6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/15/2035
   
99.90
         
KKR 27A CR2
01/15/2035 5.572190%
       
5
2
6
5
N
True
16159.35
 
L
N
   
3/31/2026
C
 
438;USD
USD
290000.00
290000.00
290000.00
289714.06
289714.06
-285.94
-285.94
5.58
False
5.59
 
0.20
0.20
0.22
290000.00
 
N.A.
48253YBS
N
MP
438
Obra Opportunistic Structured
48254MAA
KKR 31A E
04/20/2034 10.39924%
 
48254MAA1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2034
   
88.07
         
KKR 31A E
04/20/2034 10.39924%
       
5
2
6
5
N
True
31197.60
 
L
N
   
3/31/2026
C
 
438;USD
USD
300000.00
276000.00
292261.81
264199.71
264199.71
-28062.10
-28062.10
11.81
False
12.77
 
0.19
0.18
0.20
300000.00
 
N.A.
48254MAA
N
MP
438
Obra Opportunistic Structured
48259BBA
KKR 38A D1R
01/15/2038 6.928790%
 
48259BBA9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/15/2038
   
99.90
         
KKR 38A D1R
01/15/2038 6.928790%
       
5
2
6
5
N
True
34643.95
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
501000.00
500861.32
499514.80
499514.80
-1346.52
-1346.52
6.94
False
6.94
 
0.35
0.35
0.37
500000.00
 
N.A.
48259BBA
N
MP
438
Obra Opportunistic Structured
481939AX
KKR 49A D1R
10/20/2037 7.569470%
 
481939AX4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/20/2037
   
99.31
         
KKR 49A D1R
10/20/2037 7.569470%
       
5
2
6
5
N
True
17419.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
251000.00
250419.01
248284.93
248284.93
-2134.09
-2134.09
7.02
False
7.05
 
0.18
0.17
0.19
250000.00
 
N.A.
481939AX
N
MP
438
Obra Opportunistic Structured
37148XAE
KLLM 5A BR
07/22/2037 5.669200%
 
37148XAE2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/22/2037
   
100.29
         
KLLM 5A BR
07/22/2037 5.669200%
       
5
2
6
5
N
True
56692.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1001000.00
1000831.04
1002901.40
1002901.40
2070.36
2070.36
5.65
True
4.73
 
0.71
0.69
0.75
1000000.00
 
N.A.
37148XAE
N
MP
438
Obra Opportunistic Structured
50209AAJ
LMRK 2025-1A B
09/15/2055 6.200000%
 
50209AAJ0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/15/2055
   
100.93
         
LMRK 2025-1A B
09/15/2055 6.200000%
       
5
2
6
5
N
True
18600.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
300000.00
299951.64
299951.64
302799.93
302799.93
2848.29
2848.29
6.14
False
6.13
 
0.21
0.21
0.23
300000.00
   
50209AAJ
N
MP
438
Obra Opportunistic Structured
53229YAA
LPATH 2026-1A A2
03/25/2056 5.597000%
 
53229YAA7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/25/2056
   
99.93
         
LPATH 2026-1A A2
03/25/2056 5.597000%
       
5
2
6
5
N
True
55970.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1005396.16
1005237.50
999263.20
999263.20
-5974.30
-5974.30
5.60
False
5.60
 
0.71
0.69
0.75
1000000.00
   
53229YAA
N
MP
438
Obra Opportunistic Structured
50220QAE
LS 2026-HTL6 C
12/15/2040 5.870000%
 
50220QAE1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/15/2040
   
99.60
         
LS 2026-HTL6 C
12/15/2040 5.870000%
       
5
2
6
5
N
True
46980.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
800000.00
800203.13
800202.00
796820.64
796820.64
-3381.36
-3381.36
5.90
False
5.91
 
0.56
0.55
0.59
800000.00
   
50220QAE
N
MP
438
Obra Opportunistic Structured
50220QAG
LS 2026-HTL6 D
12/15/2040 6.870000%
 
50220QAG6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/15/2040
   
99.65
         
LS 2026-HTL6 D
12/15/2040 6.870000%
       
5
2
6
5
N
True
44671.32
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
651250.00
651247.98
647744.44
647744.44
-3503.55
-3503.55
6.88
False
6.90
 
0.46
0.45
0.48
650000.00
   
50220QAG
N
MP
438
Obra Opportunistic Structured
55817HBC
MDPK 2022-62A CR2
07/16/2038 N.A.%
 
55817HBC2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/16/2038
   
100.43
         
MDPK 2022-62A CR2
07/16/2038 N.A.%
       
5
2
6
5
N
True
14177.83
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
251064.25
251064.25
1064.25
1064.25
5.65
False
5.62
 
0.18
0.17
0.19
250000.00
   
55817HBC
N
MP
438
Obra Opportunistic Structured
567928AD
MFIT 2024-AA D
09/22/2036 6.770000%
 
567928AD8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/20/2036
   
101.40
         
MFIT 2024-AA D
09/22/2036 6.770000%
       
5
2
6
5
N
True
7582.40
 
L
N
   
3/31/2026
C
 
438;USD
USD
112000.00
114174.38
113985.64
113563.34
113563.34
-422.30
-422.30
6.68
True
5.72
 
0.08
0.08
0.08
112000.00
   
567928AD
N
MP
438
Obra Opportunistic Structured
56847TAD
MFIT 2025-BA D
11/22/2038 5.840000%
 
56847TAD7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
11/20/2038
   
98.95
         
MFIT 2025-BA D
11/22/2038 5.840000%
       
5
2
6
5
N
True
29200.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
509121.09
508699.40
494753.35
494753.35
-13946.05
-13946.05
5.90
False
5.96
 
0.35
0.34
0.37
500000.00
   
56847TAD
N
MP
438
Obra Opportunistic Structured
55286VAA
MFRA 2024-NQM1 A1
03/25/2069 6.579000%
 
55286VAA8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
4/1/2069
   
101.18
         
MFRA 2024-NQM1 A1
03/25/2069 6.579000%
       
5
2
6
5
N
True
11608.93
 
L
N
   
3/31/2026
C
 
438;USD
USD
176454.34
178797.87
178576.03
178540.67
178540.67
-35.36
-35.36
6.50
True
5.44
 
0.13
0.12
0.13
338000.00
   
55286VAA
N
MP
438
Obra Opportunistic Structured
59804HAG
MIDO 2023-12A ERR
07/18/2038 10.82900%
 
59804HAG1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
7/18/2038
   
95.40
         
MIDO 2023-12A ERR
07/18/2038 10.82900%
       
5
2
6
5
N
True
25419.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250625.00
250422.24
238499.53
238499.53
-11922.72
-11922.72
10.66
False
10.84
 
0.17
0.17
0.18
250000.00
 
N.A.
59804HAG
N
MP
438
Obra Opportunistic Structured
59803FAW
MIDO 2024-14A DR
04/15/2037 N.A.%
 
59803FAW1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
4/15/2037
   
99.36
         
MIDO 2024-14A DR
04/15/2037 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
496775.00
496775.00
-3225.00
-3225.00
0.00
False
0.06
 
0.35
0.34
0.37
500000.00
   
59803FAW
N
MP
438
Obra Opportunistic Structured
597924AJ
MIDO 2025-21A D1
10/20/2038 N.A.%
 
597924AJ8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/20/2038
   
99.17
         
MIDO 2025-21A D1
10/20/2038 N.A.%
       
5
2
6
5
N
True
8327.86
 
L
N
   
3/31/2026
C
 
438;USD
USD
125000.00
125000.00
125000.00
123966.03
123966.03
-1033.98
-1033.98
6.72
False
6.76
 
0.09
0.09
0.09
125000.00
   
597924AJ
N
MP
438
Obra Opportunistic Structured
57064FAJ
MKTST 2025-2A D1
03/20/2038 7.133740%
 
57064FAJ8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2038
   
100.46
         
MKTST 2025-2A D1
03/20/2038 7.133740%
       
5
2
6
5
N
True
53503.05
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
751875.00
751757.90
753482.33
753482.33
1724.43
1724.43
7.10
True
6.86
 
0.53
0.52
0.56
750000.00
 
N.A.
57064FAJ
N
MP
438
Obra Opportunistic Structured
59170JBL
MNET 2026-1A C
04/20/2056 7.100000%
 
59170JBL1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
4/20/2056
   
99.06
         
MNET 2026-1A C
04/20/2056 7.100000%
       
5
2
6
5
N
True
35500.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
494335.90
494426.54
495294.91
495294.91
868.37
868.37
7.17
False
7.18
 
0.35
0.34
0.37
500000.00
   
59170JBL
N
MP
438
Obra Opportunistic Structured
61218AAJ
MONTPK 2026-1A D1
04/24/2039 N.A.%
 
61218AAJ6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/24/2039
   
100.05
         
MONTPK 2026-1A D1
04/24/2039 N.A.%
       
5
2
6
5
N
True
68700.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
1000530.20
1000530.20
530.20
530.20
0.00
False
0.00
 
0.71
0.69
0.75
1000000.00
 
N.A.
61218AAJ
N
MP
438
Obra Opportunistic Structured
624930AA
MPOWR 2025-A A
07/21/2042 6.620000%
 
624930AA1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/20/2042
   
100.75
         
MPOWR 2025-A A
07/21/2042 6.620000%
       
5
2
6
5
N
True
55543.72
 
L
N
   
3/31/2026
C
 
438;USD
USD
839029.00
867084.03
866987.23
845311.82
845311.82
-21675.41
-21675.41
6.57
False
6.55
 
0.60
0.58
0.63
1000000.00
   
624930AA
N
MP
438
Obra Opportunistic Structured
62986BAA
NALP 2026-1 A
06/26/2051 5.720000%
 
62986BAA1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
6/25/2051
   
99.75
         
NALP 2026-1 A
06/26/2051 5.720000%
       
5
2
6
5
N
True
52130.89
 
L
N
   
3/31/2026
C
 
438;USD
USD
911379.11
917929.65
917920.29
909118.71
909118.71
-8801.58
-8801.58
5.73
False
5.74
 
0.64
0.63
0.68
999000.00
   
62986BAA
N
MP
438
Obra Opportunistic Structured
62986BAB
NALP 2026-1 B
06/26/2051 7.180000%
 
62986BAB9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
6/25/2051
   
99.19
         
NALP 2026-1 B
06/26/2051 7.180000%
       
5
2
6
5
N
True
32751.26
 
L
N
   
3/31/2026
C
 
438;USD
USD
456145.70
456026.79
456026.79
452438.47
452438.47
-3588.32
-3588.32
7.24
False
7.25
 
0.32
0.31
0.34
500000.00
   
62986BAB
N
MP
438
Obra Opportunistic Structured
63943VAJ
NAVS 2025-4A D1
10/15/2037 N.A.%
 
63943VAJ8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/15/2037
   
100.46
         
NAVS 2025-4A D1
10/15/2037 N.A.%
       
5
2
6
5
N
True
17920.48
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
251152.70
251152.70
1152.70
1152.70
7.14
False
7.11
 
0.18
0.17
0.19
250000.00
   
63943VAJ
N
MP
438
Obra Opportunistic Structured
63944AAJ
NAVS 2026-6A D1
04/15/2037 N.A.%
 
63944AAJ3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2037
   
100.46
         
NAVS 2026-6A D1
04/15/2037 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
1004550.00
1004550.00
4550.00
4550.00
0.00
False
-0.04
 
0.71
0.70
0.75
1000000.00
   
63944AAJ
N
MP
438
Obra Opportunistic Structured
63944BAA
NAVS 2026-6A E
04/15/2037 N.A.%
 
63944BAA0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2037
   
100.14
         
NAVS 2026-6A E
04/15/2037 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
300000.00
294000.00
294000.00
300420.00
300420.00
6420.00
6420.00
0.00
False
-0.01
 
0.21
0.21
0.22
300000.00
   
63944BAA
N
MP
438
Obra Opportunistic Structured
64131BBJ
NEUB 2016-22A D1R3
04/17/2040 N.A.%
 
64131BBJ1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/17/2040
   
99.75
         
NEUB 2016-22A D1R3
04/17/2040 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
648342.50
648342.50
-1657.50
-1657.50
0.00
False
0.02
 
0.46
0.45
0.48
650000.00
 
N.A.
64131BBJ
N
MP
438
Obra Opportunistic Structured
64832CAC
NRZT 2025-NQM3 A1
05/25/2065 5.530000%
 
64832CAC7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
5/25/2065
   
100.37
         
NRZT 2025-NQM3 A1
05/25/2065 5.530000%
       
5
2
6
5
N
True
22274.80
 
L
N
   
3/31/2026
C
 
438;USD
USD
402799.31
408904.24
408812.36
404280.20
404280.20
-4532.16
-4532.16
5.51
True
5.44
 
0.29
0.28
0.30
500000.00
   
64832CAC
N
MP
438
Obra Opportunistic Structured
64790AAE
NRZT 2026-NQM4 A1
02/25/2066 5.003000%
 
64790AAE7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
2/25/2066
   
99.50
         
NRZT 2026-NQM4 A1
02/25/2066 5.003000%
       
5
2
6
5
N
True
50030.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
999988.30
999988.51
994971.19
994971.19
-5017.32
-5017.32
5.03
False
5.03
 
0.70
0.69
0.74
1000000.00
   
64790AAE
N
MP
438
Obra Opportunistic Structured
64790AAG
NRZT 2026-NQM4 A3
02/25/2066 5.358000%
 
64790AAG2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
2/1/2066
   
99.45
         
NRZT 2026-NQM4 A3
02/25/2066 5.358000%
       
5
2
6
5
N
True
53580.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
999983.80
999984.10
994457.31
994457.31
-5526.79
-5526.79
5.39
False
5.39
 
0.70
0.69
0.74
1000000.00
   
64790AAG
N
MP
438
Obra Opportunistic Structured
676920AL
OAKC 2024-17RA D1
04/20/2039 N.A.%
 
676920AL5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/20/2039
   
93.67
         
OAKC 2024-17RA D1
04/20/2039 N.A.%
       
5
2
6
5
N
True
22378.35
 
L
N
   
3/31/2026
C
 
438;USD
USD
375000.00
375000.00
375000.00
351243.75
351243.75
-23756.25
-23756.25
0.00
False
0.49
 
0.25
0.24
0.26
375000.00
   
676920AL
N
MP
438
Obra Opportunistic Structured
674436AL
OBRAC 2025-2A D2
07/20/2038 N.A.%
 
674436AL4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/20/2038
   
99.57
         
OBRAC 2025-2A D2
07/20/2038 N.A.%
       
5
2
6
5
N
True
51464.60
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
647184.14
647184.14
-2815.87
-2815.87
7.95
False
7.97
 
0.46
0.45
0.48
650000.00
   
674436AL
N
MP
438
Obra Opportunistic Structured
67123HAA
OBX 2026-NQM1 A1
11/25/2065 4.846000%
 
67123HAA1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
11/1/2065
   
98.88
         
OBX 2026-NQM1 A1
11/25/2065 4.846000%
       
5
2
6
5
N
True
23664.85
 
L
N
   
3/31/2026
C
 
438;USD
USD
488337.76
490474.23
490382.43
482891.08
482891.08
-7491.35
-7491.35
4.90
False
4.91
 
0.34
0.33
0.36
500000.00
   
67123HAA
N
MP
438
Obra Opportunistic Structured
67123VAF
OBX 2026-NQM2 A1
12/01/2065 4.818000%
 
67123VAF9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/1/2065
   
99.78
         
OBX 2026-NQM2 A1
12/01/2065 4.818000%
       
5
2
6
5
N
True
47425.02
 
L
N
   
3/31/2026
C
 
438;USD
USD
984330.06
985637.37
985591.72
982162.86
982162.86
-3428.86
-3428.86
4.83
False
4.83
 
0.69
0.68
0.73
1000000.00
   
67123VAF
N
MP
438
Obra Opportunistic Structured
67449MAF
OBX 2026-NQM3 A1
01/25/2066 4.652000%
 
67449MAF6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/1/2066
   
98.87
         
OBX 2026-NQM3 A1
01/25/2066 4.652000%
       
5
2
6
5
N
True
45987.44
 
L
N
   
3/31/2026
C
 
438;USD
USD
988551.94
986775.63
986775.63
977352.73
977352.73
-9422.90
-9422.90
4.71
False
4.72
 
0.69
0.68
0.73
1000000.00
   
67449MAF
N
MP
438
Obra Opportunistic Structured
67124AAC
OBX 2026-R1 A1
01/25/2063 4.884000%
 
67124AAC1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/25/2063
   
99.40
         
OBX 2026-R1 A1
01/25/2063 4.884000%
       
5
2
6
5
N
True
24420.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
499804.50
499804.50
497003.30
497003.30
-2801.20
-2801.20
4.88
False
4.88
 
0.35
0.34
0.37
500000.00
   
67124AAC
N
MP
438
Obra Opportunistic Structured
67570LAC
OCP 2023-27A ER2
07/15/2038 N.A.%
 
67570LAC6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/15/2038
   
96.50
         
OCP 2023-27A ER2
07/15/2038 N.A.%
       
5
2
6
5
N
True
21555.48
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
241245.68
241245.68
-8754.33
-8754.33
8.94
False
9.09
 
0.17
0.17
0.18
250000.00
   
67570LAC
N
MP
438
Obra Opportunistic Structured
67570EAJ
OCP 2024-36A D1
10/16/2037 6.621130%
 
67570EAJ7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
10/16/2037
   
100.19
         
OCP 2024-36A D1
10/16/2037 6.621130%
       
5
2
6
5
N
True
66211.30
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000500.00
1000435.37
1001946.80
1001946.80
1511.43
1511.43
6.61
True
6.26
 
0.71
0.69
0.75
1000000.00
 
N.A.
67570EAJ
N
MP
438
Obra Opportunistic Structured
67120AAL
OCP 2024-37A D1
10/15/2037 6.622190%
 
67120AAL5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
10/15/2037
   
100.19
         
OCP 2024-37A D1
10/15/2037 6.622190%
       
5
2
6
5
N
True
66221.90
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000500.00
1000454.19
1001924.50
1001924.50
1470.31
1470.31
6.61
True
6.37
 
0.71
0.69
0.75
1000000.00
   
67120AAL
N
MP
438
Obra Opportunistic Structured
67570HAG
OCPA 2024-39A CR
04/16/2038 N.A.%
 
67570HAG6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
4/16/2038
   
99.79
         
OCPA 2024-39A CR
04/16/2038 N.A.%
       
5
2
6
5
N
True
13303.83
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
249478.80
249478.80
-521.20
-521.20
0.00
False
0.02
 
0.18
0.17
0.19
250000.00
   
67570HAG
N
MP
438
Obra Opportunistic Structured
67570HAJ
OCPA 2024-39A D1R
04/16/2038 N.A.%
 
67570HAJ0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
4/16/2038
   
98.44
         
OCPA 2024-39A D1R
04/16/2038 N.A.%
       
5
2
6
5
N
True
28221.89
 
L
N
   
3/31/2026
C
 
438;USD
USD
450000.00
450000.00
450000.00
442971.05
442971.05
-7028.96
-7028.96
0.00
False
0.13
 
0.31
0.31
0.33
450000.00
   
67570HAJ
N
MP
438
Obra Opportunistic Structured
67570PAA
OCPA 2024-39A ER
04/16/2038 N.A.%
 
67570PAA1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
4/16/2038
   
95.56
         
OCPA 2024-39A ER
04/16/2038 N.A.%
       
5
2
6
5
N
True
34599.40
 
L
N
   
3/31/2026
C
 
438;USD
USD
399000.00
399000.00
399000.00
381275.86
381275.86
-17724.14
-17724.14
0.00
False
0.37
 
0.27
0.26
0.28
399000.00
   
67570PAA
N
MP
438
Obra Opportunistic Structured
68379HAD
OPTN 2025-D D
02/08/2033 6.970000%
 
68379HAD4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
2/8/2033
   
101.13
         
OPTN 2025-D D
02/08/2033 6.970000%
       
5
2
6
5
N
True
69700.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1016250.00
1015672.36
1011326.90
1011326.90
-4345.46
-4345.46
6.89
True
6.23
 
0.71
0.70
0.76
1000000.00
   
68379HAD
N
MP
438
Obra Opportunistic Structured
68390VAD
OPTN 2026-A D
01/09/2034 6.280000%
 
68390VAD8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/9/2034
   
100.07
         
OPTN 2026-A D
01/09/2034 6.280000%
       
5
2
6
5
N
True
62800.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1006914.06
1006531.84
1000719.10
1000719.10
-5812.74
-5812.74
6.28
True
6.24
 
0.71
0.69
0.75
1000000.00
   
68390VAD
N
MP
438
Obra Opportunistic Structured
69547DAE
PAID 2025-4 D
01/17/2033 6.572000%
 
69547DAE6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/15/2033
   
100.49
         
PAID 2025-4 D
01/17/2033 6.572000%
       
5
2
6
5
N
True
82147.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
1249955.57
1255912.40
1255401.21
1256069.73
1256069.73
668.52
668.52
6.54
True
6.15
 
0.89
0.87
0.94
1250000.00
   
69547DAE
N
MP
438
Obra Opportunistic Structured
694969AC
PAID 2026-1 B
09/15/2033 5.370000%
 
694969AC0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/15/2033
   
99.51
         
PAID 2026-1 B
09/15/2033 5.370000%
       
5
2
6
5
N
True
26850.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
502832.03
502672.34
497526.19
497526.19
-5146.15
-5146.15
5.40
False
5.45
 
0.35
0.34
0.37
500000.00
   
694969AC
N
MP
438
Obra Opportunistic Structured
694969AD
PAID 2026-1 C
09/15/2033 5.507000%
 
694969AD8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/15/2033
   
99.64
         
PAID 2026-1 C
09/15/2033 5.507000%
       
5
2
6
5
N
True
27535.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
502382.81
502248.54
498209.00
498209.00
-4039.54
-4039.54
5.53
False
5.57
 
0.35
0.34
0.37
500000.00
   
694969AD
N
MP
438
Obra Opportunistic Structured
694969AE
PAID 2026-1 D
09/15/2033 5.744000%
 
694969AE6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
9/15/2033
   
99.36
         
PAID 2026-1 D
09/15/2033 5.744000%
       
5
2
6
5
N
True
45779.68
 
L
N
   
3/31/2026
C
 
438;USD
USD
797000.00
798709.38
798608.15
791876.83
791876.83
-6731.32
-6731.32
5.78
False
5.85
 
0.56
0.55
0.59
797000.00
   
694969AE
N
MP
438
Obra Opportunistic Structured
694971AC
PAID 2026-R1 C
12/15/2033 5.409000%
 
694971AC6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/15/2033
   
99.46
         
PAID 2026-R1 C
12/15/2033 5.409000%
       
5
2
6
5
N
True
13522.50
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
248639.85
248639.85
-1360.15
-1360.15
5.44
False
5.50
 
0.18
0.17
0.19
250000.00
   
694971AC
N
MP
438
Obra Opportunistic Structured
694971AD
PAID 2026-R1 D
12/15/2033 5.750000%
 
694971AD4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/15/2033
   
99.00
         
PAID 2026-R1 D
12/15/2033 5.750000%
       
5
2
6
5
N
True
43125.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
750000.00
750000.00
742489.43
742489.43
-7510.58
-7510.58
5.81
False
5.91
 
0.52
0.51
0.55
750000.00
   
694971AD
N
MP
438
Obra Opportunistic Structured
694972AA
PAID 2026-R1 E
12/15/2033 9.292000%
 
694972AA8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/15/2033
   
100.33
         
PAID 2026-R1 E
12/15/2033 9.292000%
       
5
2
6
5
N
True
46460.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
501647.95
501647.95
1647.95
1647.95
9.26
True
9.14
 
0.35
0.35
0.37
500000.00
   
694972AA
N
MP
438
Obra Opportunistic Structured
69382JAE
PFP 2025-12 D
12/18/2042 6.756730%
 
69382JAE1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
12/16/2042
   
99.80
         
PFP 2025-12 D
12/18/2042 6.756730%
       
5
2
6
5
N
True
50776.95
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
751875.00
751781.25
748502.40
748502.40
-3278.85
-3278.85
6.77
False
6.78
 
0.53
0.52
0.56
750000.00
   
69382JAE
N
MP
438
Obra Opportunistic Structured
716966AJ
PFP 2026-13 D
08/18/2043 6.150100%
 
716966AJ5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
8/18/2043
   
99.88
         
PFP 2026-13 D
08/18/2043 6.150100%
       
5
2
6
5
N
True
15198.90
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250000.00
250000.00
249702.00
249702.00
-298.00
-298.00
6.07
False
6.08
 
0.18
0.17
0.19
250000.00
   
716966AJ
N
MP
438
Obra Opportunistic Structured
69381CAL
PGA 2024-RSR2 D
06/15/2039 7.148250%
 
69381CAL1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
6/15/2039
   
99.97
         
PGA 2024-RSR2 D
06/15/2039 7.148250%
       
5
2
6
5
N
True
71611.10
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1003750.00
1003736.50
999748.10
999748.10
-3988.40
-3988.40
7.15
False
7.15
 
0.71
0.69
0.75
1000000.00
   
69381CAL
N
MP
438
Obra Opportunistic Structured
69393FAB
PMTLT 2026-CNF2 A2
02/25/2057 5.000000%
 
69393FAB2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
2/25/2057
   
97.78
         
PMTLT 2026-CNF2 A2
02/25/2057 5.000000%
       
5
2
6
5
N
True
12500.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
249609.38
249609.38
244460.75
244460.75
-5148.63
-5148.63
5.11
False
5.14
 
0.17
0.17
0.18
250000.00
   
69393FAB
N
MP
438
Obra Opportunistic Structured
69393FBA
PMTLT 2026-CNF2 A24
02/25/2057 5.018890%
 
69393FBA3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
2/25/2057
   
99.79
M
       
PMTLT 2026-CNF2 A24
02/25/2057 5.018890%
       
5
2
6
5
N
True
12547.23
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
249465.30
249465.30
249465.30
249465.30
0.00
0.00
5.03
False
5.03
 
0.18
0.17
0.19
250000.00
   
69393FBA
N
MP
438
Obra Opportunistic Structured
73110AAD
POLEN 2025-2A C
01/20/2039 5.709650%
 
73110AAD3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/20/2039
   
100.27
         
POLEN 2025-2A C
01/20/2039 5.709650%
       
5
2
6
5
N
True
57096.50
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
993750.00
994007.52
1002700.10
1002700.10
8692.58
8692.58
5.69
True
5.55
 
0.71
0.69
0.75
1000000.00
 
N.A.
73110AAD
N
MP
438
Obra Opportunistic Structured
74690DAB
QTS 2025-1A B
05/25/2055 5.928000%
 
74690DAB7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
5/25/2055
   
98.07
         
QTS 2025-1A B
05/25/2055 5.928000%
       
5
2
6
5
N
True
59280.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
991640.63
992047.68
980718.30
980718.30
-11329.38
-11329.38
6.04
False
6.07
 
0.69
0.68
0.73
1000000.00
   
74690DAB
N
MP
438
Obra Opportunistic Structured
74690FBC
QTSII 2026-4A A2
03/05/2056 5.704000%
 
74690FBC9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/5/2056
   
99.33
         
QTSII 2026-4A A2
03/05/2056 5.704000%
       
5
2
6
5
N
True
57040.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
999969.50
999969.50
993348.09
993348.09
-6621.41
-6621.41
5.74
False
5.75
 
0.70
0.69
0.74
1000000.00
   
74690FBC
N
MP
438
Obra Opportunistic Structured
74690FBJ
QTSII 2026-4A B
03/05/2056 6.727000%
 
74690FBJ4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/5/2056
   
99.41
         
QTSII 2026-4A B
03/05/2056 6.727000%
       
5
2
6
5
N
True
67270.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
999962.00
999962.00
994095.87
994095.87
-5866.13
-5866.13
6.77
False
6.77
 
0.70
0.69
0.74
1000000.00
   
74690FBJ
N
MP
438
Obra Opportunistic Structured
75888KAQ
REGT8 2017-1A BR
04/17/2037 5.717630%
 
75888KAQ7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/17/2037
   
100.39
         
REGT8 2017-1A BR
04/17/2037 5.717630%
       
5
2
6
5
N
True
42596.34
 
L
N
   
3/31/2026
C
 
438;USD
USD
745000.00
745745.00
745306.10
747899.39
747899.39
2593.29
2593.29
5.70
True
-2.49
 
0.53
0.52
0.56
745000.00
 
N.A.
75888KAQ
N
MP
438
Obra Opportunistic Structured
76042FAE
REPS 2025-A E
11/20/2034 7.700000%
 
76042FAE6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
11/20/2034
   
100.04
         
REPS 2025-A E
11/20/2034 7.700000%
       
5
2
6
5
N
True
77000.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1021250.00
1020554.85
1000408.20
1000408.20
-20146.65
-20146.65
7.70
True
7.68
 
0.71
0.69
0.75
1000000.00
   
76042FAE
N
MP
438
Obra Opportunistic Structured
75908BAD
RMIT 2025-2 D
11/16/2037 6.010000%
 
75908BAD2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
11/16/2037
   
100.95
         
RMIT 2025-2 D
11/16/2037 6.010000%
       
5
2
6
5
N
True
6010.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
100000.00
99968.69
99968.69
100953.95
100953.95
985.26
985.26
5.95
True
5.72
 
0.07
0.07
0.08
100000.00
   
75908BAD
N
MP
438
Obra Opportunistic Structured
76100KAE
RPM 2026-1A C
01/25/2035 5.689000%
 
76100KAE4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/25/2035
   
99.45
         
RPM 2026-1A C
01/25/2035 5.689000%
       
5
2
6
5
N
True
56890.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
994515.80
994515.80
-5484.20
-5484.20
5.72
False
5.77
 
0.70
0.69
0.74
1000000.00
   
76100KAE
N
MP
438
Obra Opportunistic Structured
76100KAF
RPM 2026-1A D
01/25/2035 6.520000%
 
76100KAF1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/25/2035
   
99.54
         
RPM 2026-1A D
01/25/2035 6.520000%
       
5
2
6
5
N
True
65200.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
995358.87
995358.87
-4641.13
-4641.13
6.55
False
6.59
 
0.70
0.69
0.74
1000000.00
   
76100KAF
N
MP
438
Obra Opportunistic Structured
76100NAB
RPM 2026-1A E
01/25/2035 11.06600%
 
76100NAB4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/25/2035
   
100.00
M
       
RPM 2026-1A E
01/25/2035 11.06600%
       
5
2
6
5
N
True
55330.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500000.00
500000.00
500000.00
500000.00
0.00
0.00
11.07
False
11.07
 
0.35
0.35
0.37
500000.00
   
76100NAB
N
MP
438
Obra Opportunistic Structured
76089TAA
RPM 2026-R1A A
07/25/2034 5.659000%
 
76089TAA8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/25/2034
   
100.12
         
RPM 2026-R1A A
07/25/2034 5.659000%
       
5
2
6
5
N
True
56590.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
1001216.60
1001216.60
1216.60
1216.60
5.65
True
5.61
 
0.71
0.69
0.75
1000000.00
   
76089TAA
N
MP
438
Obra Opportunistic Structured
76089TAB
RPM 2026-R1A B
07/25/2034 6.211000%
 
76089TAB6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/25/2034
   
100.04
         
RPM 2026-R1A B
07/25/2034 6.211000%
       
5
2
6
5
N
True
62110.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
1000418.01
1000418.01
418.01
418.01
6.21
True
6.19
 
0.71
0.69
0.75
1000000.00
   
76089TAB
N
MP
438
Obra Opportunistic Structured
76089TAC
RPM 2026-R1A C
07/25/2034 6.957000%
 
76089TAC4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/25/2034
   
100.05
         
RPM 2026-R1A C
07/25/2034 6.957000%
       
5
2
6
5
N
True
104355.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1500000.00
1500000.00
1500000.00
1500753.66
1500753.66
753.66
753.66
6.95
True
6.94
 
1.06
1.04
1.12
1500000.00
   
76089TAC
N
MP
438
Obra Opportunistic Structured
74989NAU
RRAM 2024-28RA BR2
04/15/2041 N.A.%
 
74989NAU3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/15/2041
   
100.30
         
RRAM 2024-28RA BR2
04/15/2041 N.A.%
       
5
2
6
5
N
True
56808.70
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1000000.00
1000000.00
1003010.10
1003010.10
3010.10
3010.10
0.00
False
-0.02
 
0.71
0.69
0.75
1000000.00
   
74989NAU
N
MP
438
Obra Opportunistic Structured
81124TAQ
SCUL 26A BR
01/20/2038 5.517630%
 
81124TAQ0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
1/20/2038
   
100.24
         
SCUL 26A BR
01/20/2038 5.517630%
       
5
2
6
5
N
True
55176.30
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1002500.00
1002373.66
1002447.30
1002447.30
73.64
73.64
5.50
True
5.21
 
0.71
0.69
0.75
1000000.00
 
N.A.
81124TAQ
N
MP
438
Obra Opportunistic Structured
81124NAY
SCUL 30A D1R
07/20/2038 7.867130%
 
81124NAY6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/20/2038
   
99.24
         
SCUL 30A D1R
07/20/2038 7.867130%
       
5
2
6
5
N
True
39971.97
 
L
N
   
3/31/2026
C
 
438;USD
USD
550000.00
551375.00
550920.32
545837.66
545837.66
-5082.67
-5082.67
7.32
False
7.36
 
0.39
0.38
0.41
550000.00
 
N.A.
81124NAY
N
MP
438
Obra Opportunistic Structured
81749YAA
SEMT 2025-6 A1
07/25/2055 6.000000%
 
81749YAA9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
7/1/2055
   
101.64
         
SEMT 2025-6 A1
07/25/2055 6.000000%
       
5
2
6
5
N
True
15669.57
 
L
N
   
3/31/2026
C
 
438;USD
USD
261159.45
260996.24
260996.24
265444.09
265444.09
4447.85
4447.85
5.90
True
5.81
 
0.19
0.18
0.20
350000.00
   
81749YAA
N
MP
438
Obra Opportunistic Structured
82321AAB
SHENTL 2025-1A B
12/20/2055 6.030000%
 
82321AAB3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/20/2055
   
100.84
         
SHENTL 2025-1A B
12/20/2055 6.030000%
       
5
2
6
5
N
True
60300.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1018007.81
1017322.49
1008417.46
1008417.46
-8905.03
-8905.03
5.98
True
5.70
 
0.71
0.70
0.75
1000000.00
   
82321AAB
N
MP
438
Obra Opportunistic Structured
83614VAW
SNDPT 2021-1A B1R
04/25/2034 5.268020%
 
83614VAW5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/25/2034
   
100.11
         
SNDPT 2021-1A B1R
04/25/2034 5.268020%
       
5
2
6
5
N
True
15804.06
 
L
N
   
3/31/2026
C
 
438;USD
USD
300000.00
300300.00
300212.36
300317.28
300317.28
104.92
104.92
5.26
True
4.93
 
0.21
0.21
0.22
300000.00
 
N.A.
83614VAW
N
MP
438
Obra Opportunistic Structured
83615PAC
SNDPT 2021-3A B
10/25/2034 5.579630%
 
83615PAC1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
10/25/2034
   
100.08
         
SNDPT 2021-3A B
10/25/2034 5.579630%
       
5
2
6
5
N
True
13949.08
 
L
N
   
3/31/2026
C
 
438;USD
USD
250000.00
250125.00
250041.81
250210.23
250210.23
168.42
168.42
5.57
True
4.32
 
0.18
0.17
0.19
250000.00
 
N.A.
83615PAC
N
MP
438
Obra Opportunistic Structured
82809EAG
SPCLO 2024-4A D
04/15/2037 7.772190%
 
82809EAG5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
4/15/2037
   
99.51
         
SPCLO 2024-4A D
04/15/2037 7.772190%
       
5
2
6
5
N
True
38860.95
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
501350.00
500338.67
497546.70
497546.70
-2791.97
-2791.97
7.81
False
7.84
 
0.35
0.34
0.37
500000.00
 
N.A.
82809EAG
N
MP
438
Obra Opportunistic Structured
82652VAD
SRFC 2026-1A D
12/22/2042 7.100000%
 
82652VAD2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
12/20/2042
   
99.57
         
SRFC 2026-1A D
12/22/2042 7.100000%
       
5
2
6
5
N
True
71000.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
999998.80
999998.80
995733.55
995733.55
-4265.25
-4265.25
7.13
False
7.14
 
0.70
0.69
0.74
1000000.00
   
82652VAD
N
MP
438
Obra Opportunistic Structured
86325MAC
STRE 2026-1A C
08/15/2046 6.050000%
 
86325MAC2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
8/15/2046
   
98.80
         
STRE 2026-1A C
08/15/2046 6.050000%
       
5
2
6
5
N
True
42350.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
700000.00
698570.11
698570.11
691610.61
691610.61
-6959.50
-6959.50
6.12
False
6.15
 
0.49
0.48
0.52
700000.00
   
86325MAC
N
MP
438
Obra Opportunistic Structured
86325MAD
STRE 2026-1A D
08/15/2046 8.180000%
 
86325MAD0
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
8/15/2046
   
99.23
         
STRE 2026-1A D
08/15/2046 8.180000%
       
5
2
6
5
N
True
28630.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
350000.00
349882.92
349882.92
347312.18
347312.18
-2570.74
-2570.74
8.24
False
8.26
 
0.25
0.24
0.26
350000.00
   
86325MAD
N
MP
438
Obra Opportunistic Structured
871044AC
SWTCH 2024-1A B
03/25/2054 6.500000%
 
871044AC7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
3/25/2054
   
100.08
         
SWTCH 2024-1A B
03/25/2054 6.500000%
       
5
2
6
5
N
True
65000.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1006289.06
1005631.42
1000773.80
1000773.80
-4857.62
-4857.62
6.49
True
6.42
 
0.71
0.69
0.75
1000000.00
   
871044AC
N
MP
438
Obra Opportunistic Structured
871044AG
SWTCH 2024-2A B
06/25/2054 6.200000%
 
871044AG8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
6/25/2054
   
98.62
         
SWTCH 2024-2A B
06/25/2054 6.200000%
       
5
2
6
5
N
True
46500.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
750000.00
753281.25
753003.59
739630.65
739630.65
-13372.94
-13372.94
6.29
False
6.30
 
0.52
0.51
0.55
750000.00
   
871044AG
N
MP
438
Obra Opportunistic Structured
87169JAS
SYMP 2022-33A D1R
01/24/2038 6.268020%
 
87169JAS1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
JE
JERSEY
   
USD
US DOLLAR
1/24/2038
   
97.56
         
SYMP 2022-33A D1R
01/24/2038 6.268020%
       
5
2
6
5
N
True
62680.20
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
986500.00
988115.27
975631.30
975631.30
-12483.97
-12483.97
6.42
False
6.56
 
0.69
0.68
0.73
1000000.00
 
N.A.
87169JAS
N
MP
438
Obra Opportunistic Structured
88240JAG
TCIFC 2024-1A C
04/22/2037 6.019200%
 
88240JAG8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/22/2037
   
100.45
         
TCIFC 2024-1A C
04/22/2037 6.019200%
       
5
2
6
5
N
True
30096.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
500250.00
500109.60
502244.20
502244.20
2134.60
2134.60
5.99
True
-1.30
 
0.35
0.35
0.37
500000.00
 
N.A.
88240JAG
N
MP
438
Obra Opportunistic Structured
87268JAE
TPGCLO 2025-1A B
07/15/2038 5.763240%
 
87268JAE2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/15/2038
   
100.22
         
TPGCLO 2025-1A B
07/15/2038 5.763240%
       
5
2
6
5
N
True
57632.40
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1002500.00
1002355.32
1002195.90
1002195.90
-159.42
-159.42
5.75
True
5.59
 
0.71
0.69
0.75
1000000.00
 
N.A.
87268JAE
N
MP
438
Obra Opportunistic Structured
87268JAJ
TPGCLO 2025-1A D1
07/15/2038 N.A.%
 
87268JAJ1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/15/2038
   
99.84
         
TPGCLO 2025-1A D1
07/15/2038 N.A.%
       
5
2
6
5
N
True
29252.96
 
L
N
   
3/31/2026
C
 
438;USD
USD
400000.00
399739.60
399739.60
399373.80
399373.80
-365.80
-365.80
0.00
False
0.01
 
0.28
0.28
0.30
400000.00
   
87268JAJ
N
MP
438
Obra Opportunistic Structured
89640FAU
TRNTS 2024-28A BR
04/25/2039 N.A.%
 
89640FAU9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/25/2039
   
100.00
M
       
TRNTS 2024-28A BR
04/25/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
650000.00
650000.00
0.00
0.00
0.00
False
0.00
 
0.46
0.45
0.49
650000.00
   
89640FAU
N
MP
438
Obra Opportunistic Structured
89640FAY
TRNTS 2024-28A CR
04/25/2039 N.A.%
 
89640FAY1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/25/2039
   
100.00
M
       
TRNTS 2024-28A CR
04/25/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
400000.00
400000.00
400000.00
400000.00
400000.00
0.00
0.00
0.00
False
0.00
 
0.28
0.28
0.30
400000.00
   
89640FAY
N
MP
438
Obra Opportunistic Structured
89640FBA
TRNTS 2024-28A D1R
04/25/2039 N.A.%
 
89640FBA2
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
4/25/2039
   
100.00
M
       
TRNTS 2024-28A D1R
04/25/2039 N.A.%
       
5
2
6
5
N
True
0.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
650000.00
650000.00
650000.00
650000.00
650000.00
0.00
0.00
0.00
False
0.00
 
0.46
0.45
0.49
650000.00
   
89640FBA
N
MP
438
Obra Opportunistic Structured
91684AAE
UPST 2025-4 D
11/20/2035 7.670000%
 
91684AAE9
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
11/20/2035
   
102.15
         
UPST 2025-4 D
11/20/2035 7.670000%
       
5
2
6
5
N
True
50085.10
 
L
N
   
3/31/2026
C
 
438;USD
USD
653000.00
670957.50
670679.42
667031.14
667031.14
-3648.28
-3648.28
7.51
True
7.00
 
0.47
0.46
0.50
653000.00
   
91684AAE
N
MP
438
Obra Opportunistic Structured
916925AB
UPXHI 2025-1 B
01/25/2047 6.070000%
 
916925AB6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/25/2047
   
99.66
         
UPXHI 2025-1 B
01/25/2047 6.070000%
       
5
2
6
5
N
True
60700.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1014843.75
1014801.05
996633.30
996633.30
-18167.75
-18167.75
6.09
False
6.10
 
0.70
0.69
0.74
1000000.00
   
916925AB
N
MP
438
Obra Opportunistic Structured
92535VAS
VBTOW 2025-1A B
08/16/2055 5.602000%
 
92535VAS1
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
8/16/2055
   
99.91
M
       
VBTOW 2025-1A B
08/16/2055 5.602000%
       
5
2
6
5
N
True
70025.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1250000.00
1256074.22
1255616.45
1248868.63
1248868.63
-6747.83
-6747.83
5.61
False
5.61
 
0.88
0.86
0.93
1250000.00
   
92535VAS
N
MP
438
Obra Opportunistic Structured
92535VAU
VBTOW 2025-1A C
08/16/2055 7.446000%
 
92535VAU6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
8/16/2055
   
101.64
M
       
VBTOW 2025-1A C
08/16/2055 7.446000%
       
5
2
6
5
N
True
33507.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
450000.00
448091.78
448091.78
457372.71
457372.71
9280.93
9280.93
7.33
True
6.20
 
0.32
0.32
0.34
450000.00
   
92535VAU
N
MP
438
Obra Opportunistic Structured
924935AJ
VERUS 2025-11 A3
11/25/2070 5.270000%
 
924935AJ8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
11/25/2070
   
99.68
         
VERUS 2025-11 A3
11/25/2070 5.270000%
       
5
2
6
5
N
True
50729.02
 
L
N
   
3/31/2026
C
 
438;USD
USD
962600.00
963953.66
963915.76
959500.81
959500.81
-4414.95
-4414.95
5.29
False
5.29
 
0.68
0.66
0.72
1000000.00
   
924935AJ
N
MP
438
Obra Opportunistic Structured
92541JAF
VERUS 2026-1 A1
01/25/2071 4.863000%
 
92541JAF8
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
1/1/2071
   
99.09
         
VERUS 2026-1 A1
01/25/2071 4.863000%
       
5
2
6
5
N
True
24020.81
 
L
N
   
3/31/2026
C
 
438;USD
USD
493950.37
496265.76
496169.34
489453.24
489453.24
-6716.10
-6716.10
4.91
False
4.91
 
0.35
0.34
0.37
500000.00
   
92541JAF
N
MP
438
Obra Opportunistic Structured
66860JAS
WOODS 2018-11BA BR
07/19/2037 5.567630%
 
66860JAS7
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
7/19/2037
   
100.00
         
WOODS 2018-11BA BR
07/19/2037 5.567630%
       
5
2
6
5
N
True
55676.30
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1002000.00
1001666.63
1000011.20
1000011.20
-1655.43
-1655.43
5.57
True
5.56
 
0.71
0.69
0.75
1000000.00
 
N.A.
66860JAS
N
MP
438
Obra Opportunistic Structured
66858HBS
WOODS 2020-22A C1R3
03/16/2038 N.A.%
 
66858HBS4
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
3/16/2038
   
100.30
         
WOODS 2020-22A C1R3
03/16/2038 N.A.%
       
5
2
6
5
N
True
17322.03
 
L
N
   
3/31/2026
C
 
438;USD
USD
300000.00
300000.00
300000.00
300908.70
300908.70
908.70
908.70
0.00
False
-0.02
 
0.21
0.21
0.22
300000.00
   
66858HBS
N
MP
438
Obra Opportunistic Structured
66858HBW
WOODS 2020-22A D1R3
03/16/2038 N.A.%
 
66858HBW5
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
CAY
CAYMAN ISLANDS
   
USD
US DOLLAR
3/16/2038
   
100.03
         
WOODS 2020-22A D1R3
03/16/2038 N.A.%
       
5
2
6
5
N
True
21222.03
 
L
N
   
3/31/2026
C
 
438;USD
USD
300000.00
300000.00
300000.00
300096.21
300096.21
96.21
96.21
0.00
False
0.00
 
0.21
0.21
0.22
300000.00
   
66858HBW
N
MP
438
Obra Opportunistic Structured
98919WAN
ZAYO 2025-3A A2
10/20/2055 5.570000%
 
98919WAN3
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
10/20/2055
   
99.69
         
ZAYO 2025-3A A2
10/20/2055 5.570000%
       
5
2
6
5
N
True
55700.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1000000.00
1019921.88
1019345.35
996931.70
996931.70
-22413.65
-22413.65
5.59
False
5.59
 
0.70
0.69
0.74
1000000.00
   
98919WAN
N
MP
438
Obra Opportunistic Structured
98919WAQ
ZAYO 2025-3A B
10/20/2055 5.716000%
 
98919WAQ6
 
UNGROUPED SECURITIES
 
CMO
COLL MORT OBLIGATION
   
USA
UNITED STATES
   
USD
US DOLLAR
10/20/2055
   
99.56
         
ZAYO 2025-3A B
10/20/2055 5.716000%
       
5
2
6
5
N
True
71450.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
1250000.00
1252949.22
1252854.99
1244472.75
1244472.75
-8382.24
-8382.24
5.74
False
5.75
 
0.88
0.86
0.93
1250000.00
   
98919WAQ
N
MP
438
Obra Opportunistic Structured
00092AAB
ACHM 2023-HE1 B
11/25/2037 7.000000%
 
00092AAB2
 
UNGROUPED SECURITIES
 
MBS
Mortgage Backed
     
USA
UNITED STATES
   
USD
US DOLLAR
11/25/2037
   
102.48
         
ACHM 2023-HE1 B
11/25/2037 7.000000%
       
5
2
6
5
N
True
35000.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
500000.00
494157.55
494695.79
512422.15
512422.15
17726.36
17726.36
6.83
True
6.42
 
0.36
0.35
0.38
500000.00
   
00092AAB
N
MP
438
Obra Opportunistic Structured
034943AB
AOMT 2024-4 A2
01/25/2069 6.398000%
 
034943AB6
 
UNGROUPED SECURITIES
 
MBS
Mortgage Backed
     
USA
UNITED STATES
   
USD
US DOLLAR
1/1/2069
   
100.84
         
AOMT 2024-4 A2
01/25/2069 6.398000%
       
5
2
6
5
N
True
9665.58
 
L
N
   
3/31/2026
C
 
438;USD
USD
151071.88
151069.99
151070.01
152345.04
152345.04
1275.03
1275.03
6.34
True
5.52
 
0.11
0.11
0.11
250000.00
   
034943AB
N
MP
438
Obra Opportunistic Structured
465983AD
JPMMT 2024-NQM1 M1A
02/25/2064 6.414000%
 
465983AD6
 
UNGROUPED SECURITIES
 
MBS
Mortgage Backed
     
USA
UNITED STATES
   
USD
US DOLLAR
2/1/2064
   
100.06
         
JPMMT 2024-NQM1 M1A
02/25/2064 6.414000%
       
5
2
6
5
N
True
25656.00
 
L
N
   
3/31/2026
C
 
438;USD
USD
400000.00
399992.40
399995.46
400235.84
400235.84
240.38
240.38
6.41
True
6.38
 
0.28
0.28
0.30
400000.00
   
465983AD
N
MP
438
Obra Opportunistic Structured
74389DAA
PFMT 2025-2 A1
06/25/2055 6.000000%
 
74389DAA5
 
UNGROUPED SECURITIES
 
MBS
Mortgage Backed
     
USA
UNITED STATES
   
USD
US DOLLAR
6/1/2055
   
101.52
         
PFMT 2025-2 A1
06/25/2055 6.000000%
       
5
2
6
5
N
True
6835.62
 
L
N
   
3/31/2026
C
 
438;USD
USD
113926.93
113606.58
113606.58
115653.63
115653.63
2047.05
2047.05
5.91
True
5.82
 
0.08
0.08
0.09
168500.00
   
74389DAA
N
MP
438
Obra Opportunistic Structured
81743GAA
SEMT 2025-5 A1
06/25/2055 6.000000%
 
81743GAA4
 
UNGROUPED SECURITIES
 
MBS
Mortgage Backed
     
USA
UNITED STATES
   
USD
US DOLLAR
6/1/2055
   
100.89
         
SEMT 2025-5 A1
06/25/2055 6.000000%
       
5
2
6
5
N
True
22086.36
 
L
N
   
3/31/2026
C
 
438;USD
USD
368106.01
367645.88
367645.88
371384.44
371384.44
3738.56
3738.56
5.95
True
5.90
 
0.26
0.26
0.28
500000.00
   
81743GAA
N
MP
438
Obra Opportunistic Structured
FGTXX
Goldman Sachs Financ
ial Square Funds - G
 
38141W273
1078
Money Market Fund
 
MONEYMKT
MONEY MARKET
     
USA
UNITED STATES
IL
ILLINOIS
USD
US DOLLAR
4/1/2026
   
100.00
         
Goldman Sachs Financ
ial Square Funds - G
       
5
2
6
5
N
True
35255.19
 
L
N
   
3/31/2026
C
 
438;USD
USD
991089.15
991089.15
991089.15
991089.15
991089.15
0.00
0.00
3.56
False
3.55
 
0.70
0.69
0.74
0.00
   
FGTXX
N
AC