MHP 2025-MHIL2 TSFR1M+350 09/15/2030 144A

NPORT-P false 0000754510 XXXXXXXX S000031548 C000098199 Fidelity Securities Fund 811-04118 0000754510 LIUMB3NDWOFJPXVROE85 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Series Real Estate Income Fund S000031548 549300CKO1IALL8IIC86 2026-07-31 2026-04-30 N 293290246.19 401.92 293289844.27 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4653.01000000 USD N MHP 2025-MHIL2 N/A MHP 2025-MHIL2 TSFR1M+350 09/15/2030 144A 59317DAJ4 2000000.00000000 PA USD 2002483.00000000 0.682765884711 Long ABS-MBS CORP US N 2 2040-09-15 Variable 0.07154710 N N N N N N BX TRUST 2026-CART N/A BX TRUST 2026-CART TSFR1M+205 02/15/2028 144A 12433MAG8 1655000.00000000 PA USD 1638933.09000000 0.558810037926 Long ABS-MBS CORP US N 2 2036-02-15 Variable 0.05554710 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 5.4% 02/01/2034 30225VAS6 2000000.00000000 PA USD 2017808.92000000 0.687991404892 Long DBT CORP US N 2 2034-02-01 Fixed 0.05400000 N N N N N N SELF COMMERCIAL MORTGAGE TRUST 2024-STRG N/A SELF COMMERCIAL MORTGAGE TRUST 2024-STRG E TSFR1M+418.849 11/15/2034 144A 81631WAJ5 247800.00000000 PA USD 246949.65000000 0.084199863999 Long ABS-MBS CORP US N 2 2034-11-15 Variable 0.07843200 N N N N N N SERITAGE GROWTH PPTYS 5493003CJFC2MM82WB25 SERITAGE GROWTH PPTYS SER A 7% PERP PFD 81752R308 1050.00000000 NS USD 22312.50000000 0.007607661988 Long EP CORP US N 1 N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 5.4% 06/15/2035 30225VAU1 685000.00000000 PA USD 689376.67000000 0.235049621890 Long DBT CORP US N 2 2035-06-15 Fixed 0.05400000 N N N N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 5.625% 10/13/2032 756109BP8 1000000.00000000 PA USD 1043806.69000000 0.355895954255 Long DBT CORP US N 2 2032-10-13 Fixed 0.05625000 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2026-XL6 N/A BX COMMERCIAL MORTGAGE TRUST 2026-XL6 TSFR1M+210 03/15/2043 144A 12433NAG6 1045000.00000000 PA USD 1039775.00000000 0.354521310680 Long ABS-MBS CORP US N 2 2043-03-15 Variable 0.05754710 N N N N N N WP CAREY INC 54930042CRNE713E3Q67 WP CAREY INC 2.25% 04/01/2033 92936UAH2 1000000.00000000 PA USD 834650.86000000 0.284582257553 Long DBT CORP US N 2 2033-04-01 Fixed 0.02250000 N N N N N N UBS COML MTG TR 2012-C1 N/A UBSCM 2012-C1 F CSTR 5/10/45 144A 90269GAS0 399000.00000000 PA USD 115708.44000000 0.039451908158 Long ABS-MBS CORP US N 3 2045-05-10 Variable 0.05000000 N N N N N N CUBESMART LP 549300MPHKO3I3FJRA97 CUBESMART LP 4.375% 02/15/2029 22966RAE6 1000000.00000000 PA USD 993854.05000000 0.338864120056 Long DBT CORP US N 2 2029-02-15 Fixed 0.04375000 N N N N N N BANK 2017-BNK4 N/A BANK 2017-BNK4 D 3.357% 05/15/2050 144A 06541FAJ8 625000.00000000 PA USD 414394.63000000 0.141291844261 Long ABS-MBS CORP US N 3 2050-05-15 Fixed 0.03357000 N N N N N N COSTAR GROUP INC 984500Q1D53D08E2E698 COSTAR GROUP INC 2.8% 07/15/2030 144A 22160NAA7 1035000.00000000 PA USD 939772.45000000 0.320424477137 Long DBT CORP US N 2 2030-07-15 Fixed 0.02800000 N N N N N N MORGAN STANLEY BK AMER MERRILL LYNCH TR 2012-C6 N/A MORGAN STAN BAML TR-2012-C6 F CSTR 11/15/2045 144A 61761DAU6 1000000.00000000 PA USD 135010.00000000 0.046032961126 Long ABS-MBS CORP US N 2 2045-11-15 Variable 0.04344550 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 4.875% 06/15/2028 74340XCG4 1000000.00000000 PA USD 1011754.01000000 0.344967283991 Long DBT CORP US N 2 2028-06-15 Fixed 0.04875000 N N N N N N WP CAREY INC 54930042CRNE713E3Q67 WP CAREY INC 4.25% 10/01/2026 92936UAE9 459000.00000000 PA USD 459089.28000000 0.156530916078 Long DBT CORP US N 2 2026-10-01 Fixed 0.04250000 N N N N N N SAFEHOLD GL HOLDINGS LLC 54930012UY5Z4Q8NL108 SAFEHOLD GL HOLDINGS LLC 2.8% 06/15/2031 78646UAA7 500000.00000000 PA USD 452889.64000000 0.154417089049 Long DBT CORP US N 2 2031-06-15 Fixed 0.02800000 N N N N N N LINEAGE OP LP 254900CSRDL1G4SRQE89 LINEAGE OP LP 5.25% 07/15/2030 53567YAB5 500000.00000000 PA USD 499811.94000000 0.170415699610 Long DBT CORP US N 2 2030-07-15 Fixed 0.05250000 N N N N N N ESSEX PORTFOLIO LP 5493003GN3O58H286O74 ESSEX PORTFOLIO LP 4.5% 03/15/2048 29717PAS6 180000.00000000 PA USD 146860.64000000 0.050073551085 Long DBT CORP US N 2 2048-03-15 Fixed 0.04500000 N N N N N N WILLIAMS SCOTSMAN INC 549300DAKDS8SCO1OT57 WILLIAMS SCOTSMAN INC 4.625% 08/15/2028 144A 96950GAE2 750000.00000000 PA USD 742446.68000000 0.253144353445 Long DBT CORP US N 2 2028-08-15 Fixed 0.04625000 N N N N N N ROCC 2024-CNTR E N/A ROCC 2024-CNTR E 8.81906% 11/13/2041 144A 74970WAJ9 720000.00000000 PA USD 753500.88000000 0.256913389509 Long ABS-MBS CORP US N 2 2041-11-13 Fixed 0.08819060 N N N N N N PUBLIC STORAGE 254900GLQZAD4N7N5Q19 PUBLIC STORAGE 4% PFD PERP 74460W420 2327.00000000 NS USD 36626.98000000 0.012488321950 Long EP CORP US N 1 N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP SER C 6.375%/VAR PFD PERP 64828T508 20446.00000000 NS USD 512376.76000000 0.174699796126 Long EP CORP US N 1 N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.45% 02/15/2034 03027XCH1 2000000.00000000 PA USD 2039827.68000000 0.695498913396 Long DBT CORP US N 2 2034-02-15 Fixed 0.05450000 N N N N N N AH REALTY TRUST INC 549300WQRSIV6XZT9313 AH REALTY TRUST INC SER A 6.75% PFD PERP 04208T207 33250.00000000 NS USD 711882.50000000 0.242723201606 Long EP CORP US N 1 N N N COMM 2017-COR2 N/A COMM 2017-COR2 D 3% 09/10/2050 144A 12595EAN5 31000.00000000 PA USD 27700.37000000 0.009444708209 Long ABS-MBS CORP US N 2 2050-09-10 Fixed 0.03000000 N N N N N N SREIT TR 2021-PALM N/A SREIT TR 2021-PALM E TSFR1M+202.448 10/15/2034 144A 85237AAJ2 400000.00000000 PA USD 399875.00000000 0.136341236429 Long ABS-MBS CORP US N 2 2034-10-15 Variable 0.05679480 N N N N N N UMH PPTYS INC 529900OM5K3PJ11F0Q09 UMH PPTYS INC 6.75% SER D PFD PERP 903002509 63875.00000000 NS USD 1401098.13000000 0.477717915356 Long EP CORP US N 1 N N N SCG TRUST 2025-SNIP N/A SCG TRUST 2025-SNIP 7.65% 09/15/2042 144A 78398JAJ3 500000.00000000 PA USD 501250.00000000 0.170906020032 Long ABS-MBS CORP US N 2 2042-09-15 Floating 0.07054710 N N N N N N DYNEX CAPITAL INC 5CIJ4S9HAEBWILA19B65 DYNEX CAP INC 6.9%/VAR PFD PERP C 26817Q878 89500.00000000 NS USD 2309995.00000000 0.787615065823 Long EP CORP US N 1 N N N EG GLOBAL FINANCE PLC 549300TL8Q5207VYET27 EG GLOBAL FINANCE PLC 12% 11/30/2028 144A 28228PAC5 750000.00000000 PA USD 800054.25000000 0.272786209829 Long DBT CORP GB N 2 2028-11-30 Fixed 0.12000000 N N N N N N SAFEHOLD GL HOLDINGS LLC 54930012UY5Z4Q8NL108 SAFEHOLD GL HOLDINGS LLC 2.85% 01/15/2032 78646UAB5 1250000.00000000 PA USD 1118768.38000000 0.381454865164 Long DBT CORP US N 2 2032-01-15 Fixed 0.02850000 N N N N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 VICI PROPERTIES LP 5.125% 05/15/2032 925650AD5 500000.00000000 PA USD 495700.76000000 0.169013953154 Long DBT CORP US N 2 2032-05-15 Fixed 0.05125000 N N N N N N WFRBS COML MTG TR 2011-C3 N/A WFRBS 2011-C3 D CSTR 3/44 92935VAS7 843915.79000000 PA USD 303801.25000000 0.103583965123 Long ABS-MBS CORP US N 2 2044-03-15 Variable 0.05464209 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 5.25% 02/15/2033 361841AV1 500000.00000000 PA USD 491752.55000000 0.167667772889 Long DBT CORP US N 2 2033-02-15 Fixed 0.05250000 N N N N N N VORNADO REALTY TRUST N/A VORNADO REALTY TRUST SER N 5.25% PERP PFD 929042810 9341.00000000 NS USD 159731.10000000 0.054461858506 Long EP CORP US N 1 N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 5.5% 03/31/2034 144A 432833AT8 470000.00000000 PA USD 466526.51000000 0.159066711348 Long DBT CORP US N 2 2034-03-31 Fixed 0.05500000 N N N N N N WINDSTREAM SERVICES LLC 549300L3SXBFJVGRCF66 WINDSTREAM SERVICES LLC 7.5% 10/15/2033 144A 97382BAB5 250000.00000000 PA USD 263214.00000000 0.089745350936 Long DBT CORP US N 2 2033-10-15 Fixed 0.07500000 N N N N N N AGREE LP 549300DXY3G299V1BO77 AGREE LP 2.9% 10/01/2030 008513AA1 500000.00000000 PA USD 464240.73000000 0.158287352620 Long DBT CORP US N 2 2030-10-01 Fixed 0.02900000 N N N N N N NYC COML MTG TR 2025-77C N/A NYC COML MTG TR 2025-77C 4.93833%/VAR 01/10/2038 144A 67123LAC8 115000.00000000 PA USD 114195.53000000 0.038936066908 Long ABS-MBS CORP US N 2 2036-01-10 Variable 0.04983980 N N N N N N BRES COML MTG TR 2025-ATCAP N/A BRES COML MTG TR 2025-ATCAP F TSFR1M+518.85 11/15/2042 144A 05619GAL0 1000000.00000000 PA USD 992979.00000000 0.338565763322 Long ABS-MBS CORP US N 2 2042-11-15 Variable 0.08843220 N N N N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 5.5% 07/15/2034 02666TAH0 3000.00000000 PA USD 3014.32000000 0.001027761464 Long DBT CORP US N 2 2034-07-15 Fixed 0.05500000 N N N N N N WFRBS COML MTG TR 2013-C13 N/A WFRBS COML MTG TR 2013-C13 D CSTR 05/15/2045 144A 92937UAJ7 33217.78000000 PA USD 31349.61000000 0.010688951769 Long ABS-MBS CORP US N 2 2045-05-15 Variable 0.04087936 N N N N N N PUBLIC STORAGE OPERATING CO 549300LMZF40TKJ6DM64 PUBLIC STORAGE OPERATING CO 5.35% 08/01/2053 74460WAH0 2820000.00000000 PA USD 2660598.34000000 0.907156654749 Long DBT CORP US N 2 2053-08-01 Fixed 0.05350000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.4% 01/31/2035 03027XCM0 1000000.00000000 PA USD 1012668.61000000 0.345279125678 Long DBT CORP US N 2 2035-01-31 Fixed 0.05400000 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5% 03/15/2034 74340XCJ8 1500000.00000000 PA USD 1500841.37000000 0.511726334655 Long DBT CORP US N 2 2034-03-15 Fixed 0.05000000 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5.25% 03/15/2054 74340XCK5 1500000.00000000 PA USD 1395788.70000000 0.475907614010 Long DBT CORP US N 2 2054-03-15 Fixed 0.05250000 N N N N N N MHP COML MTG TR 2021-STOR N/A MERIT 2021-STOR G TSFR1M+286.448 07/15/2038 144A 55293BAP0 250000.00000000 PA USD 249843.75000000 0.085186635296 Long ABS-MBS CORP US N 2 2038-07-15 Variable 0.06519480 N N N N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TR SER F 6.3% PERP PFD 70509V704 37902.00000000 NS USD 753491.76000000 0.256910279957 Long EP CORP US N 1 N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 4.75% 09/26/2034 828807DY0 1500000.00000000 PA USD 1467363.54000000 0.500311745758 Long DBT CORP US N 2 2034-09-26 Fixed 0.04750000 N N N N N N WFRBS COML MTG TR 2013-C11 N/A WFRBS 2013-C11 E VAR 3/45 92937EAL8 53000.00000000 PA USD 37895.53000000 0.012920846302 Long ABS-MBS CORP US N 2 2045-03-15 Variable 0.04296322 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2014-DSTY N/A JPMCC 2014-DSTY E CSTR 06/27 46642MAN8 924000.00000000 PA USD 2300.76000000 0.000784466303 Long ABS-MBS CORP US N 2 2027-06-10 Variable 0.03804600 N N N N N N RHP HOTEL PPTYS LP and RHP FIN CORP N/A RHP HOTEL PPTYS LP and RHP FIN CORP 6.5% 06/15/2033 144A 749571AL9 295000.00000000 PA USD 303853.84000000 0.103601896191 Long DBT CORP US N 2 2033-06-15 Fixed 0.06500000 N N N N N N COMM 2018-HCLV MTG TR N/A COMM 2018-HCLV MTG TR TSFR1M+319.601 09/15/2033 144A 20048KAL1 735000.00000000 PA USD 45116.95000000 0.015383059073 Long ABS-MBS CORP US N 2 2033-09-15 Variable 0.07001010 N N N N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 5.875% 03/15/2033 144A 432833AR2 1200000.00000000 PA USD 1215093.60000000 0.414297877590 Long DBT CORP US N 2 2033-03-15 Fixed 0.05875000 N N N N N N GLADSTONE COMMERCIAL CORP 529900EVVV534W8R0T32 GLADSTONE COMMERCIAL CORP SER E 6.625% PFD 12/31/2049 376536702 41125.00000000 NS USD 915031.25000000 0.311988726468 Long EP CORP US N 1 N N N BFLD COML MTG TR 2024-UNIV N/A BFLD COML MTG TR 2024-UNIV TSFR1M+269.09 11/15/2029 144A 08861RAG6 381000.00000000 PA USD 381238.13000000 0.129986815925 Long ABS-MBS CORP US N 2 2041-11-15 Variable 0.06345610 N N N N N N TAYLOR MORRISON COMMUNITIES INC 549300O1Z08HI2MRK572 TAYLOR MORRISON COMMUNITIES INC 5.75% 11/15/2032 144A 87724RAK8 235000.00000000 PA USD 237510.04000000 0.080981337963 Long DBT CORP US N 2 2032-11-15 Fixed 0.05750000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 5.1% 05/01/2033 22822VBC4 2500000.00000000 PA USD 2479499.58000000 0.845409286561 Long DBT CORP US N 2 2033-05-01 Fixed 0.05100000 N N N N N N TWO HARBORS INVESTMENT COR 549300ZUIBT6KH4HU823 TWO HARBORS INVT CORP 8.125% SER A PERP PFD 90187B200 21429.00000000 NS USD 529082.01000000 0.180395612168 Long EP CORP US N 1 N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5.125% 01/15/2034 74340XCH2 2000000.00000000 PA USD 2019631.64000000 0.688612878849 Long DBT CORP US N 2 2034-01-15 Fixed 0.05125000 N N N N N N Phillips Edison Grocery Center Operating Partnership I LP 549300WUPIVS6ZE0ZI51 Phillips Edison Grocery Center Operating Partnership I LP 5.75% 07/15/2034 71845JAB4 1000000.00000000 PA USD 1030401.14000000 0.351325202740 Long DBT CORP US N 2 2034-07-15 Fixed 0.05750000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.35% 03/15/2035 03027XCP3 500000.00000000 PA USD 503219.46000000 0.171577526406 Long DBT CORP US N 2 2035-03-15 Fixed 0.05350000 N N N N N N PKHL COML MTG TR 2021-MF N/A PKHL COML MTG TR 2021-MF G TSFR1M+446.448 07/15/2038 144A 69356GAS8 500000.00000000 PA USD 93226.40000000 0.031786439872 Long ABS-MBS CORP US N 2 2038-07-15 Variable 0.08119480 N N N N N N AMERICOLD REALTY OPERATING PARTNERSHIP LP 549300FKD9KVWNHSUU79 AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.409% 09/12/2034 03063UAA9 750000.00000000 PA USD 721362.40000000 0.245955464907 Long DBT CORP US N 2 2034-09-12 Fixed 0.05409000 N N N N N N LAS VEGAS SANDS CORP 549300DUOO1KXOHPM605 LAS VEGAS SANDS CORP 6% 06/14/2030 517834AN7 500000.00000000 PA USD 515533.97000000 0.175776277314 Long DBT CORP US N 2 2030-06-14 Fixed 0.06000000 N N N N N N NATIONAL HEALTHCARE PROPERTIES INC 549300Z2NSUGF5NF2Y30 HEALTHCARE TRUST INC 7.125% PERP PFD 42226B303 40300.00000000 NS USD 826150.00000000 0.281683807380 Long EP CORP US N 1 N N N BX TR 2022-LBA6 N/A BX TR 2022-LBA6 TSFR1M+335 01/15/2039 144A 12433EAQ4 700000.00000000 PA USD 696596.39000000 0.237511255029 Long ABS-MBS CORP US N 2 2039-01-15 Variable 0.07004710 N N N N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 5.125% 10/01/2035 828807EA1 690000.00000000 PA USD 689523.55000000 0.235099702042 Long DBT CORP US N 2 2035-10-01 Fixed 0.05125000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 5.8% 03/01/2034 22822VBE0 500000.00000000 PA USD 514195.99000000 0.175320080134 Long DBT CORP US N 2 2034-03-01 Fixed 0.05800000 N N N N N N SAUL CENTERS INC N/A SAUL CENTERS INC 6.125% SER D PFD PERP 804395804 15958.00000000 NS USD 323947.40000000 0.110452989194 Long EP CORP US N 1 N N N AGREE REALTY CORP N/A AGREE REALTY CORP 4.375% PERP PFD 008492209 38700.00000000 NS USD 662931.00000000 0.226032715742 Long EP CORP US N 1 N N N HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC N/A HILTON GRAND VACATIONS BORROWER LLC / HILTON GRAND VACATIONS BORROWER INC 4.875% 07/01/2031 144A 43284MAB4 740000.00000000 PA USD 684808.21000000 0.233491961409 Long DBT CORP US N 2 2031-07-01 Fixed 0.04875000 N N N N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 3.625% 04/15/2032 02666TAE7 1000000.00000000 PA USD 931641.85000000 0.317652270680 Long DBT CORP US N 2 2032-04-15 Fixed 0.03625000 N N N N N N KENNEDY-WILSON INC 5EA4464UK7FM5QNNKL62 KENNEDY-WILSON INC 4.75% 02/01/2030 489399AN5 1755000.00000000 PA USD 1726358.66000000 0.588618628884 Long DBT CORP US N 2 2030-02-01 Fixed 0.04750000 N N N N N N BROOKFIELD PROPERTY PARTNERS LP 5493004J5Z0TZW83NU62 BROOKFIELD PROPERTY PARTN LP 5.75% PFD PERP N/A 7000.00000000 NS USD 97930.00000000 0.033390177639 Long EP CORP BM N 1 N N N VB-S1 ISSUER LLC N/A VB-S1 ISSUER LLC 1A-F 0% 03/15/2056 144A 91825HAE4 460000.00000000 PA USD 461679.00000000 0.157413906079 Long ABS-CBDO CORP US N 2 2056-03-15 Fixed 0.06843000 N N N N N N GLOBAL NET LEASE INC 549300NUYANCT5SU8Z65 GLOBAL NET LEASE INC SER B 6.875% PFD PERP 379378409 47200.00000000 NS USD 1024240.00000000 0.349224502658 Long EP CORP US N 1 N N N PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD N/A PRIMA CAPITAL CRE SECURITIZATION 2020-VIII LTD 3% 12/26/2070 144A 74167UAE7 250000.00000000 PA USD 214475.00000000 0.073127318995 Long ABS-MBS CORP KY N 2 2070-12-26 Fixed 0.03000000 N N N N N N ESSEX PORTFOLIO LP 5493003GN3O58H286O74 ESSEX PORTFOLIO LP 4.875% 02/15/2036 29717PBD8 1460000.00000000 PA USD 1411928.41000000 0.481410603737 Long DBT CORP US N 2 2036-02-15 Fixed 0.04875000 N N N N N N CHIRON REAL ESTATE INC 549300HFRIPQDYU3GU60 CHIRON REAL ESTATE INC SER A 7.5% PFD PERP 37957W203 27461.00000000 NS USD 664830.81000000 0.226680474277 Long EP CORP US N 1 N N N EXTENDED STAY AMER TR 2026-ESH2 N/A EXTENDED STAY AMER TR 2026-ESH2 7.67% 02/15/2043 144A 30227WAL7 921473.71000000 PA USD 926076.93000000 0.315754857555 Long ABS-MBS CORP US N 2 2043-02-15 Variable 0.07404710 N N N N N N TWO HARBORS INVESTMENT COR 549300ZUIBT6KH4HU823 TWO HARBORS INV CORP 7.625% SER B PFD PERP 90187B309 38276.00000000 NS USD 948862.04000000 0.323523660480 Long EP CORP US N 1 N N N HUDSON PACIFIC PROPERTIES INC 529900EURZA5HRSXQ389 HUDSON PACIFIC PROPERTIES INC 4.75% PFD PERP C 444097307 22900.00000000 NS USD 325867.00000000 0.111107495321 Long EP CORP US N 1 N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 2.375% 07/15/2031 02666TAC1 2000000.00000000 PA USD 1765310.46000000 0.601899620627 Long DBT CORP US N 2 2031-07-15 Fixed 0.02375000 N N N N N N BX TR 2025-OMG N/A BX TR 2025-OMG VAR 10/15/2027 144A 05619HAL8 1000000.00000000 PA USD 998100.00000000 0.340311817643 Long ABS-MBS CORP US N 3 2042-10-15 Variable 0.07255000 N N N N N N RD Michigan Property Owner I LLC N/A RD Michigan Property Owner I LLC 7.5% 03/30/2045 144A 74941YAA0 445000.00000000 PA USD 444910.58000000 0.151696551616 Long DBT CORP US N 2 2045-03-30 Fixed 0.07500000 N N N N N N GLADSTONE COMMERCIAL CORP 529900EVVV534W8R0T32 GLADSTONE COMMERCIAL CORP SER G 6% PFD PERP 376536884 64500.00000000 NS USD 1293225.00000000 0.440937531682 Long EP CORP US N 1 N N N AMERICOLD REALTY OPERATING PARTNERSHIP LP 549300FKD9KVWNHSUU79 AMERICOLD REALTY OPERATING PARTNERSHIP LP 5.6% 05/15/2032 03063UAB7 1000000.00000000 PA USD 996668.27000000 0.339823655497 Long DBT CORP US N 2 2032-05-15 Fixed 0.05600000 N N N N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 IRON MOUNTAIN INC 6.25% 01/15/2033 144A 46284VAQ4 1000000.00000000 PA USD 1015487.00000000 0.346240082921 Long DBT CORP US N 2 2033-01-15 Fixed 0.06250000 N N N N N N AGREE LP 549300DXY3G299V1BO77 AGREE LP 5.625% 06/15/2034 008513AE3 25000.00000000 PA USD 25613.69000000 0.008733234546 Long DBT CORP US N 2 2034-06-15 Fixed 0.05625000 N N N N N N SWITCH ABS ISSUER LLC N/A SWITCH ABS ISSUER LLC 10.033% 06/25/2054 144A 871044AJ2 750000.00000000 PA USD 764670.45000000 0.260721762085 Long ABS-CBDO CORP US N 2 2054-06-25 Fixed 0.10033000 N N N N N N VENTAS RLTY LTD PARTNERSHIP 32SXKSJ72K64GM3HOU64 VENTAS RLTY LTD PARTNERSHIP 5% 02/15/2036 92277GBC0 1145000.00000000 PA USD 1122712.11000000 0.382799517928 Long DBT CORP US N 2 2036-02-15 Fixed 0.05000000 N N N N N N COMM 2018-HCLV MTG TR N/A COMM MORTGAGE TRUST 2018-HCLV G TSFR1M+520.234 069/15/2033 20048KAN7 735000.00000000 PA USD 20347.45000000 0.006937659246 Long ABS-MBS CORP US N 2 2033-09-15 Variable 0.09007337 N N N N N N BENCHMARK 2019-B14 MTG TR N/A BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A 08162YBM3 573000.00000000 PA USD 2865.00000000 0.000976849371 Long ABS-MBS CORP US N 3 2062-12-15 Variable 0.03074680 N N N N N N COMM 2025-180W MORTGAGE TRUST N/A COMM 2025-180W MORTGAGE TRUST VAR 08/10/2042 144A 12597SAJ1 2000000.00000000 PA USD 1938237.80000000 0.660860864386 Long ABS-MBS CORP US N 2 2042-08-10 Variable 0.07363510 N N N N N N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP 7/VAR PFD PERP 00123Q500 41899.00000000 NS USD 1081832.18000000 0.368861111673 Long EP CORP US N 1 N N N NATIONAL STORAGE AFFILIATES TRUST 529900FS06O8GOYNR108 NATIONAL STORAGE AFFILIATES SER A 6% PFD PERP 637870205 12325.00000000 NS USD 284584.25000000 0.097031743703 Long EP CORP US N 1 N N N STWD TR 2021-LIH N/A STWD TR 2021-LIH TSFR1M+424.7 11/15/2036 144A 78486EAU2 1280000.00000000 PA USD 1278400.00000000 0.435882805005 Long ABS-MBS CORP US N 2 2036-11-15 Variable 0.07969000 N N N N N N ARES TR 2025-IND3 N/A ARES TR 2025-IND3 E TSFR1M+355 04/15/2027 144A 039955AL3 1000000.00000000 PA USD 1001250.00000000 0.341385840512 Long ABS-MBS CORP US N 2 2042-04-15 Variable 0.07204710 N N N N N N BX COML MTG TR 2024-VLT5 N/A BX COML MTG TR 2024-VLT5 E CSTR 11/13/2046 144A 05614JAJ4 800000.00000000 PA USD 835944.96000000 0.285023493425 Long ABS-MBS CORP US N 2 2046-11-13 Variable 0.07346733 N N N N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 3.4% 01/15/2030 756109CC6 500000.00000000 PA USD 480644.19000000 0.163880270452 Long DBT CORP US N 2 2030-01-15 Fixed 0.03400000 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 5.35% 01/15/2035 30225VAT4 230000.00000000 PA USD 231217.15000000 0.078835716448 Long DBT CORP US N 2 2035-01-15 Fixed 0.05350000 N N N N N N NXPT COML MTG TR N/A NXPT COML MTG TR 6.92673% 11/05/2041 144A 67119YAJ1 1022000.00000000 PA USD 1019493.95000000 0.347606291154 Long ABS-MBS CORP US N 2 2041-11-05 Variable 0.06703290 N N N N N N PRM TR 2025-PRM6 N/A PRM TR 2025-PRM6 E VAR 07/05/2033 144A 74277DAJ1 500000.00000000 PA USD 499124.85000000 0.170181429651 Long ABS-MBS CORP US N 2 2033-07-05 Variable 0.06583130 N N N N N N INVITATION HOMES OPERATING PARTNERSHIP LP 549300147YMUQB3GW319 INVITATION HOMES OPERATING PARTNERSHIP LP 4.15% 04/15/2032 46188BAD4 1000000.00000000 PA USD 950688.60000000 0.324146443722 Long DBT CORP US N 2 2032-04-15 Fixed 0.04150000 N N N N N N NNN REIT INC 5493008JKH5SOTI0JS97 NNN REIT INC 5.6% 10/15/2033 637417AS5 311000.00000000 PA USD 318942.90000000 0.108746656671 Long DBT CORP US N 2 2033-10-15 Fixed 0.05600000 N N N N N N CONE TR 2024-DFW1 N/A CONE TR 2024-DFW1 E TSFR1M+388.79 08/15/2026 144A 20682AAN0 500000.00000000 PA USD 495663.80000000 0.169001351285 Long ABS-MBS CORP US N 2 2041-08-15 Variable 0.07543190 N N N N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TR SER E 6.375% PERP PFD 70509V605 45192.00000000 NS USD 898642.92000000 0.306400967355 Long EP CORP US N 1 N N N OMEGA HEALTHCARE INVESTORS INC 549300OJ7ENK42CZ8E73 OMEGA HEALTHCARE INVESTORS INC 4.75% 01/15/2028 681936BK5 1616000.00000000 PA USD 1617114.25000000 0.551370694073 Long DBT CORP US N 2 2028-01-15 Fixed 0.04750000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 2.1% 04/01/2031 22822VAW1 2000000.00000000 PA USD 1753181.88000000 0.597764264345 Long DBT CORP US N 2 2031-04-01 Fixed 0.02100000 N N N N N N COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR N/A CD 2017-CD4 D 3.3% 05/10/2050 144A 12515DAF1 213000.00000000 PA USD 158652.73000000 0.054094177858 Long ABS-MBS CORP US N 3 2050-05-10 Fixed 0.03300000 N N N N N N MFA FINANCIAL INC YW72IMH2RRC8Z1TGLG58 MFA FINANCIAL 7.5% PFD PERP 55272X409 16249.00000000 NS USD 338629.16000000 0.115458876812 Long EP CORP US N 1 N N N PUBLIC STORAGE 254900GLQZAD4N7N5Q19 PUBLIC STORAGE SER L 4.625% PFD PERP 74460W552 18496.00000000 NS USD 339771.52000000 0.115848375468 Long EP CORP US N 1 N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 4% 05/01/2031 144A 432833AL5 500000.00000000 PA USD 473510.35000000 0.161447918927 Long DBT CORP US N 2 2031-05-01 Fixed 0.04000000 N N N N N N HOME PARTNERS AMER 2021-1 TR N/A HOME PARTNERS AMER 2021-1 TR 3.325% 09/17/2041 144A 437300AL0 405277.98000000 PA USD 366113.25000000 0.124829842271 Long ABS-CBDO CORP US N 2 2041-09-17 Fixed 0.03325000 N N N N N N GLOBAL NET LEASE INC 549300NUYANCT5SU8Z65 GLOBAL NET LEASE INC SER A 7.25% PFD PERP 379378300 45925.00000000 NS USD 1037905.00000000 0.353883716152 Long EP CORP US N 1 N N N WP GLIMCHER MALL TR 15-WPG N/A JPMDB 2015-WPG PR1 CSTAR 6/5/35 144A 92939VAL8 1168000.00000000 PA USD 584023.36000000 0.199128395138 Long ABS-MBS CORP US N 2 2035-06-05 Variable 0.03516000 N N N N N N SUMMIT HOTEL PROPERTIES INC 254900OBQWJK6X20LS71 SUMMIT HOTEL PPTYS INC SERIES E 6.25% PFD PERP 866082605 60784.00000000 NS USD 1115994.24000000 0.380508995385 Long EP CORP US N 1 N N N DIGITAL REALTY TRUST INC 549300HKCZ31D08NEI41 DIGITAL RLTY TR INC SER L 5.2% PERP PFD 253868822 4614.00000000 NS USD 92372.28000000 0.031495219423 Long EP CORP US N 1 N N N BANK 2017-BNK8 N/A BANK 2017-BNK8 E 2.8% 11/15/2050 144A 06650AAW7 1848000.00000000 PA USD 887288.37000000 0.302529524064 Long ABS-MBS CORP US N 2 2050-11-15 Fixed 0.02800000 N N N N N N MERIDIAN ARC HOLDCO LLC N/A MERIDIAN ARC HOLDCO LLC 6.25% 04/30/2031 144A 58990CAA1 690000.00000000 PA USD 689842.95000000 0.235208604551 Long DBT CORP US N 2 2031-04-30 Fixed 0.06250000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 4% 01/15/2031 361841AQ2 1000000.00000000 PA USD 947835.80000000 0.323173754058 Long DBT CORP US N 2 2031-01-15 Fixed 0.04000000 N N N N N N REXFORD INDUSTRIAL REALTY LP 549300028US163ELJN70 REXFORD INDUSTRIAL REALTY LP 2.125% 12/01/2030 76169XAA2 1000000.00000000 PA USD 884056.97000000 0.301427747080 Long DBT CORP US N 2 2030-12-01 Fixed 0.02125000 N N N N N N EXTENDED STAY AMERICA TRUST 2025-ESH N/A EXTENDED STAY AMERICA TRUST 2025-ESH F TSFR1M+410 10/15/2042 144A 30227TAL4 963133.33000000 PA USD 967949.00000000 0.330031543509 Long ABS-MBS CORP US N 2 2042-10-15 Variable 0.07754710 N N N N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 3.25% 09/13/2049 828807DH7 230000.00000000 PA USD 155980.31000000 0.053182990494 Long DBT CORP US N 2 2049-09-13 Fixed 0.03250000 N N N N N N INVITATION HOMES OPERATING PARTNERSHIP LP 549300147YMUQB3GW319 INVITATION HOMES OPERATING PARTNERSHIP LP 2% 08/15/2031 46188BAA0 1000000.00000000 PA USD 859436.03000000 0.293033000218 Long DBT CORP US N 2 2031-08-15 Fixed 0.02000000 N N N N N N SUNSTONE HOTEL INVS INC NEW 529900ZQ2V52V96ATF67 SUNSTONE HOTEL INVS INC SER I 5.7% PERP PFD 867892887 38700.00000000 NS USD 779541.84000000 0.265792305880 Long EP CORP US N 1 N N N ARBOR REALTY TRUST INC 549300ASFUWYQO0RW077 ARBOR REALTY TRUST INC SER F 6.25%/VAR PFD PERP 038923850 14100.00000000 NS USD 328953.00000000 0.112159696773 Long EP CORP US N 1 N N N CHOICE HOTELS INTERNATIONAL INC 5493003CYRY5RFGTIR97 CHOICE HOTELS INTERNATIONAL INC 5.85% 08/01/2034 169905AH9 250000.00000000 PA USD 252742.56000000 0.086175012513 Long DBT CORP US N 2 2034-08-01 Fixed 0.05850000 N N N N N N VICI PROPERTIES LP / VICI NOTE CO INC N/A VICI PROPERTIES LP / VICI NOTE CO INC 4.625% 12/01/2029 144A 92564RAB1 3095000.00000000 PA USD 3044819.03000000 1.038160403262 Long DBT CORP US N 2 2029-12-01 Fixed 0.04625000 N N N N N N REGENCY CENTERS CORP(REIT) 529900053A7X7FJ97S58 REGENCY CENTERS CORP(REIT) 5.875% PERP PFD 758849871 28775.00000000 NS USD 645711.00000000 0.220161390724 Long EP CORP US N 1 N N N DBGS 2018-C1 MTG TR N/A DBGS MTG TR 2018-C1 C CSTR 10/15/2051 23307DBE2 1000000.00000000 PA USD 905721.90000000 0.308814613835 Long ABS-MBS CORP US N 2 2051-10-15 Variable 0.04642447 N N N N N N REGENCY CENTERS CORP(REIT) 529900053A7X7FJ97S58 REGENCY CENTERS CORP REIT SER A 6.25% PFD PERP 758849889 51175.00000000 NS USD 1179583.75000000 0.402190451884 Long EP CORP US N 1 N N N BRIXMOR OPERATING PARTNERSHIP LP 549300CJHBL7JBUA6503 BRIXMOR OPERATING PARTNERSHIP LP 4.125% 05/15/2029 11120VAH6 138000.00000000 PA USD 136295.03000000 0.046471104493 Long DBT CORP US N 2 2029-05-15 Fixed 0.04125000 N N N N N N MORGAN STANLEY CAP I TR 2011-C3 N/A MSC 2011-C3 G CSTR 07/49 61760RAS1 979600.00000000 PA USD 960972.22000000 0.327652743105 Long ABS-MBS CORP US N 2 2049-07-15 Variable 0.04941013 N N N N N N SABRA HEALTH CARE LP 549300OVKLRFSIQG0H81 SABRA HEALTH CARE LP 3.2% 12/01/2031 78574MAA1 415000.00000000 PA USD 375183.11000000 0.127922298480 Long DBT CORP US N 2 2031-12-01 Fixed 0.03200000 N N N N N N MPT OPER PARTNERSHIP LP / MPT FIN CORP N/A MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A 55342UAQ7 340000.00000000 PA USD 353225.66000000 0.120435694212 Long DBT CORP US N 2 2032-02-15 Fixed 0.08500000 N N N N N N CEDAR REALTY TRUST INC 54930056URX93R2RSN82 CEDAR RLTY TR I 7.25% PFD PERP 150602407 7070.00000000 NS USD 149901.68000000 0.051110422992 Long EP CORP US N 1 N N N CIPHER COMPUTE LLC N/A CIPHER COMPUTE LLC 7.125% 11/15/2030 144A 17253NAA5 185000.00000000 PA USD 191754.20000000 0.065380443184 Long DBT CORP US N 2 2030-11-15 Fixed 0.07125000 N N N N N N KIMCO REALTY OP LLC 549300EA7I6T15IBYS12 KIMCO REALTY OP LLC 5.3% 02/01/2036 49447BAC7 460000.00000000 PA USD 465944.12000000 0.158868139863 Long DBT CORP US N 2 2036-02-01 Fixed 0.05300000 N N N N N N UDR INC P3CH2EG5X6Z1XWU1OO74 UDR INC 3% 08/15/2031 90265EAR1 500000.00000000 PA USD 459816.80000000 0.156778971036 Long DBT CORP US N 2 2031-08-15 Fixed 0.03000000 N N N N N N BSREP COML MTG TR 2021-DC N/A BSREP COML MTG TR 2021-DC TSFR1M+296.448 08/15/2038 144A 05591UAL1 91176.85000000 PA USD 37200.15000000 0.012683749787 Long ABS-MBS CORP US N 3 2038-08-15 Variable 0.06619480 N N N N N N JP MORGAN CHASE COML MTG SECS TR 2012-CIBX N/A JPMCC 2012-CBX E CSTR 6/45 46637WAQ6 568678.18000000 PA USD 553045.22000000 0.188566099646 Long ABS-MBS CORP US N 2 2045-06-15 Variable 0.04691151 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 2.9% 04/01/2041 22822VAX9 1660000.00000000 PA USD 1190971.03000000 0.406073054784 Long DBT CORP US N 2 2041-04-01 Fixed 0.02900000 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 5.5% 07/01/2030 30225VAK3 1000000.00000000 PA USD 1025974.44000000 0.349815876698 Long DBT CORP US N 2 2030-07-01 Fixed 0.05500000 N N N N N N WELLTOWER OP LLC T6IZ0MBEG5ACZDTR7D06 WELLTOWER OP LLC 5.125% 07/01/2035 95041AAG3 1230000.00000000 PA USD 1233257.18000000 0.420490925306 Long DBT CORP US N 2 2035-07-01 Fixed 0.05125000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.65% 03/15/2033 03027XBZ2 2000000.00000000 PA USD 2074451.46000000 0.707304224993 Long DBT CORP US N 2 2033-03-15 Fixed 0.05650000 N N N N N N GLOBAL NET LEASE INC 549300NUYANCT5SU8Z65 GLOBAL NET LEASE INC 7.5% PFD PERP 379378508 34998.00000000 NS USD 814753.44000000 0.277798040374 Long EP CORP US N 1 N N N PENNYMAC MORTGAGE INVESTMENT TRUST 549300BSSOQO1ZWDUJ97 PENNYMAC MTG INVT TR 8.125/VAR PREF PERP 70931T301 14975.00000000 NS USD 356150.43000000 0.121432922741 Long EP CORP US N 1 N N N GS MTG SECS TR 2011-GC5 N/A GSMS 2011-GC5 D 5.47 8/44 36191YAL2 759236.00000000 PA USD 596141.48000000 0.203260184983 Long ABS-MBS CORP US N 2 2044-08-10 Variable 0.05557531 N N N N N N MFA FINANCIAL INC YW72IMH2RRC8Z1TGLG58 MFA FINANCIAL 6.5%/VAR PFD PERP 55272X508 26100.00000000 NS USD 621441.00000000 0.211886300238 Long EP CORP US N 1 N N N BX TRUST 2026-LP3 N/A BX TRUST 2026-LP3 E TSFR1M+320 04/15/2043 144A 05620HAJ0 1000000.00000000 PA USD 1002812.50000000 0.341918589951 Long ABS-MBS CORP US N 2 2043-04-15 Variable 0.06850000 N N N N N N GS MTG SECS TR 2011-GC5 N/A GS MTG SECS TR 2011-GC5 4.5% 08/10/2044 144A 36191YAQ1 677000.00000000 PA USD 2031.00000000 0.000692489030 Long ABS-MBS CORP US N 3 2044-08-10 Fixed 0.04500000 N N N N N N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP SER F 6.125%/VAR PFD PERP 00123Q872 61500.00000000 NS USD 1530735.00000000 0.521918856007 Long EP CORP US N 1 N N N JP MORGAN CHASE COML MTG SECS TR 2012-CIBX N/A JPMCC 2012-CBX G 4.0% 6/45 144A 46637WAU7 805000.00000000 PA USD 548951.56000000 0.187170326802 Long ABS-MBS CORP US N 2 2045-06-15 Fixed 0.04000000 N N N N N N SAFEHOLD GL HOLDINGS LLC 54930012UY5Z4Q8NL108 SAFEHOLD GL HOLDINGS LLC 6.1% 04/01/2034 785931AA4 1400000.00000000 PA USD 1472907.31000000 0.502201947587 Long DBT CORP US N 2 2034-04-01 Fixed 0.06100000 N N N N N N KIMCO REALTY CORP 254900ARY41P4V1JL861 KIMCO REALTY CORP SER M 5.25% PFD PERP 49446R711 4691.00000000 NS USD 94570.56000000 0.032244744183 Long EP CORP US N 1 N N N REXFORD INDL RLTY INC 549300MSLO0DF0EMX355 REXFORD INDL RLTY INC SER B 5.875% PERP PFD 76169C308 50000.00000000 NS USD 1082500.00000000 0.369088811340 Long EP CORP US N 1 N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 4% 07/15/2029 756109CB8 1000000.00000000 PA USD 987666.46000000 0.336754401591 Long DBT CORP US N 2 2029-07-15 Fixed 0.04000000 N N N N N N AGREE LP 549300DXY3G299V1BO77 AGREE LP 4.8% 10/01/2032 008513AD5 77000.00000000 PA USD 76005.37000000 0.025914763666 Long DBT CORP US N 2 2032-10-01 Fixed 0.04800000 N N N N N N ANNALY CAPITAL MANAGEMENT INC 2DTL0G3FPRYUT58TI025 ANNALY CAPITAL MANAGEMENT INC 6.5%/VAR PFD PERP 035710862 70990.00000000 NS USD 1781849.00000000 0.607538595287 Long EP CORP US N 1 N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 2.5% 05/15/2031 29444UBS4 2000000.00000000 PA USD 1792926.90000000 0.611315712094 Long DBT CORP US N 2 2031-05-15 Fixed 0.02500000 N N N N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TR SER H 5.7% PERP PFD 70509V886 50200.00000000 NS USD 898580.00000000 0.306379514175 Long EP CORP US N 1 N N N MORGAN STANLEY CAP I TR 2016-BNK2 N/A MORGAN STANLEY CAP I TR 2016-BNK2 3% 11/15/2049 144A 61690YAC6 2346000.00000000 PA USD 1730232.48000000 0.589939445161 Long ABS-MBS CORP US N 3 2049-11-15 Fixed 0.03000000 N N N N N N APLD COMPUTECO 2 LLC N/A APLD COMPUTECO 2 LLC 6.75% 03/15/2031 144A 03772CAA1 450000.00000000 PA USD 445524.86000000 0.151905996305 Long DBT CORP US N 2 2031-03-15 Fixed 0.06750000 N N N N N N SG COML MTG SECS TR 2019-PRES N/A SG COML MTG SECS TR 2019-PREZ F CSTR 09/15/2039 144A 78430EAN5 2000000.00000000 PA USD 1662539.40000000 0.566858836908 Long ABS-CBDO CORP US N 2 2039-09-15 Variable 0.03477062 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2026-XL6 N/A BX COMMERCIAL MORTGAGE TRUST 2026-XL6 E TSFR1M+325 03/15/2043 144A 12433NAJ0 430000.00000000 PA USD 427326.60000000 0.145701124109 Long ABS-MBS CORP US N 2 2043-03-15 Variable 0.06654710 N N N N N N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP 6.875/VAR PERP PFD 00123Q609 65750.00000000 NS USD 1643750.00000000 0.560452409830 Long EP CORP US N 1 N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5.25% 06/15/2053 74340XCF6 1500000.00000000 PA USD 1397849.81000000 0.476610369335 Long DBT CORP US N 2 2053-06-15 Fixed 0.05250000 N N N N N N LGI HOMES INC 549300W02B4WNV8CV109 LGI HOMES INC 7% 11/15/2032 144A 50187TAK2 770000.00000000 PA USD 737939.99000000 0.251607754041 Long DBT CORP US N 2 2032-11-15 Fixed 0.07000000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 5.3% 01/15/2029 361841AL3 1000000.00000000 PA USD 1007979.00000000 0.343680157936 Long DBT CORP US N 2 2029-01-15 Fixed 0.05300000 N N N N N N VORNADO REALTY TRUST N/A VORNADO REALTY TRUST SER M 5.25% PFD PERP 929042828 15895.00000000 NS USD 275778.25000000 0.094029253105 Long EP CORP US N 1 N N N ELP 2025-ELP N/A ELP 2025-ELP E VAR 11/13/2042 144A 290154AJ2 1115000.00000000 PA USD 1099630.28000000 0.374929545459 Long ABS-MBS CORP US N 2 2042-11-13 Variable 0.06020037 N N N N N N AGREE LP 549300DXY3G299V1BO77 AGREE LP 2.6% 06/15/2033 008513AC7 1000000.00000000 PA USD 850964.14000000 0.290144427645 Long DBT CORP US N 2 2033-06-15 Fixed 0.02600000 N N N N N N BX 2024 VLT4 N/A BX 2024 VLT4 F TSFR1M+393.788 07/15/2029 144A 05612TAL9 719625.00000000 PA USD 712337.36000000 0.242878290509 Long ABS-MBS CORP US N 2 2041-06-15 Variable 0.07592587 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2025-SPOT N/A BX TRUST 2025-SPOT E TSFR1M+344.054 04/15/2040 144A 12433FAJ7 906642.11000000 PA USD 906642.11000000 0.309128368306 Long ABS-MBS CORP US N 2 2040-04-15 Variable 0.07344890 N N N N N N INVITATION HOMES OPERATING PARTNERSHIP LP 549300147YMUQB3GW319 INVITATION HOMES OPERATING PARTNERSHIP LP 5.5% 08/15/2033 46188BAF9 3000000.00000000 PA USD 3038877.12000000 1.036134451761 Long DBT CORP US N 2 2033-08-15 Fixed 0.05500000 N N N N N N SHR TR 2024-LXRY N/A SHR TR 2024-LXRY D TSFR1M+350 10/15/2041 144A 784234AG1 512000.00000000 PA USD 513600.00000000 0.175116871597 Long ABS-MBS CORP US N 2 2041-10-15 Variable 0.07254710 N N N N N N PUBLIC STORAGE 254900GLQZAD4N7N5Q19 PUBLIC STORAGE 4% PERP PFD 74460W461 16238.00000000 NS USD 258833.72000000 0.088251852239 Long EP CORP US N 1 N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 6.65% 01/15/2054 828807DX2 1000000.00000000 PA USD 1106657.16000000 0.377325427941 Long DBT CORP US N 2 2054-01-15 Fixed 0.06650000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 6.75% 12/01/2033 361841AS8 500000.00000000 PA USD 530744.00000000 0.180962283682 Long DBT CORP US N 2 2033-12-01 Fixed 0.06750000 N N N N N N BX TR 2019-OC11 N/A BX TR 2019-OC11 CSTR 12/09/2041 144A 05606FAN3 5666000.00000000 PA USD 5189727.94000000 1.769487775111 Long ABS-MBS CORP US N 2 2041-12-09 Variable 0.03943990 N N N N N N MSJP 2015-HAUL N/A MSJP 2015-HAUL E 5.012% 09/05/2047 144A 553697AN3 1000000.00000000 PA USD 846508.40000000 0.288625200135 Long ABS-MBS CORP US N 2 2047-09-05 Variable 0.04854165 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 2.35% 03/15/2032 30225VAG2 2000000.00000000 PA USD 1731148.04000000 0.590251614169 Long DBT CORP US N 2 2032-03-15 Fixed 0.02350000 N N N N N N KIMCO REALTY OP LLC 549300EA7I6T15IBYS12 KIMCO REALTY OP LLC 6.4% 03/01/2034 49447BAA1 1576000.00000000 PA USD 1712821.12000000 0.584002874106 Long DBT CORP US N 2 2034-03-01 Fixed 0.06400000 N N N N N N ANNALY CAPITAL MANAGEMENT INC 2DTL0G3FPRYUT58TI025 ANNALY CAPITAL MANAGEMENT INC 6.95%/VAR PERP PFD 035710870 73400.00000000 NS USD 1904730.00000000 0.649436056928 Long EP CORP US N 1 N N N J P MORGAN CHASE COML MTG SECS TR 2024-OMNI N/A J P MORGAN CHASE COML MTG SECS TR 2024-OMNI VAR 10/05/2039 144A 46593JAJ3 356000.00000000 PA USD 350088.19000000 0.119365943567 Long ABS-MBS CORP US N 2 2039-10-05 Variable 0.05797150 N N N N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 3% 07/15/2050 29444UBJ4 2735000.00000000 PA USD 1714099.77000000 0.584438842151 Long DBT CORP US N 2 2050-07-15 Fixed 0.03000000 N N N N N N BRAEMAR HOTELS and RESORTS INC 549300JDUUEBN868C776 BRAEMAR HOTELS and RESORTS INC SER D 8.25% PFD PERP 10482B309 2397.00000000 NS USD 39550.50000000 0.013485124279 Long EP CORP US N 1 N N N WULF COMPUTE LLC N/A WULF COMPUTE LLC 7.75% 10/15/2030 144A 982911AA7 565000.00000000 PA USD 593812.27000000 0.202466018377 Long DBT CORP US N 2 2030-10-15 Fixed 0.07750000 N N N N N N ESSEX PORTFOLIO LP 5493003GN3O58H286O74 ESSEX PORTFOLIO LP 5.5% 04/01/2034 29717PBA4 1006000.00000000 PA USD 1026299.39000000 0.349926671533 Long DBT CORP US N 2 2034-04-01 Fixed 0.05500000 N N N N N N RLJ LODGING TRUST LP 549300RX5I8Z6I6LDZ74 RLJ LODGING TRUST LP 4% 09/15/2029 144A 74965LAB7 715000.00000000 PA USD 675601.86000000 0.230352967618 Long DBT CORP US N 2 2029-09-15 Fixed 0.04000000 N N N N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 5.5% 02/01/2034 02666TAG2 1500000.00000000 PA USD 1521018.77000000 0.518606013715 Long DBT CORP US N 2 2034-02-01 Fixed 0.05500000 N N N N N N SELF COMMERCIAL MORTGAGE TRUST 2024-STRG N/A SELF COMMERCIAL MORTGAGE TRUST 2024-STRG TSFR1M+294.03 11/15/2034 144A 81631WAG1 212100.00000000 PA USD 212099.47000000 0.072317359139 Long ABS-MBS CORP US N 2 2034-11-15 Variable 0.06595010 N N N N N N JPMDB COML MTG SECS TR 2018-C8 N/A JPMDB COML MTG SECS TR 2018-C8 CSTR 06/15/2051 144A 46591AAG0 302000.00000000 PA USD 246730.47000000 0.084125132465 Long ABS-MBS CORP US N 2 2051-06-15 Variable 0.03255435 N N N N N N REXFORD INDL RLTY INC 549300MSLO0DF0EMX355 REXFORD INDL RLTY INC SER C 5.625% PERP PFD 76169C407 11775.00000000 NS USD 246097.50000000 0.083909315241 Long EP CORP US N 1 N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 VICI PROPERTIES LP 5.75% 04/01/2034 925650AF0 32000.00000000 PA USD 32487.65000000 0.011076977479 Long DBT CORP US N 2 2034-04-01 Fixed 0.05750000 N N N N N N HOME PARTNERS AMER 2021-2 TR N/A HOME PARTNERS AMER 2021-2 TR 4.505% 12/17/2026 144A 43732VAN6 959345.05000000 PA USD 948002.91000000 0.323230731824 Long ABS-CBDO CORP US N 2 2026-12-17 Fixed 0.04505000 N N N N N N VORNADO REALTY TRUST N/A VORNADO RLTY SR L 5.4% PFD PRP 929042844 20315.00000000 NS USD 357544.00000000 0.121908073867 Long EP CORP US N 1 N N N CENTURY CMNTYS INC 5299002QMB2O7ZL1CA26 CENTURY COMMUNITIES INC 6.625% 09/15/2033 144A 156504AN2 1810000.00000000 PA USD 1800911.99000000 0.614038305513 Long DBT CORP US N 2 2033-09-15 Fixed 0.06625000 N N N N N N BX TRUST 2024-FNX N/A BX TRUST 2024-FNX TSFR1M+294.018 11/15/2026 144A 05593TAL2 202949.21000000 PA USD 203201.11000000 0.069283377508 Long ABS-MBS CORP US N 2 2041-11-15 Variable 0.06594890 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2020-NNN N/A JPMCC 2020-NNN FFX 4.6254% 01/16/2037 144A 46652BBN8 1406000.00000000 PA USD 316392.18000000 0.107876964095 Long ABS-MBS CORP US N 3 2037-01-16 Fixed 0.04625400 N N N N N N EQUINIX EUROPE 2 FINANCING CORP LLC 254900FSZR46BPMCKI50 EQUINIX EUROPE 2 FINANCING CORP LLC 5.5% 06/15/2034 29390XAA2 1000000.00000000 PA USD 1020165.79000000 0.347835361479 Long DBT CORP US N 2 2034-06-15 Fixed 0.05500000 N N N N N N GS MTG SECS CORP TR 2018-RIVR N/A GS MTG SECS CORP TR 2018-RIVR G TSFR1M+264.7 07/15/2035 144A 36255WAN5 669000.00000000 PA USD 485.03000000 0.000165375654 Long ABS-MBS CORP US N 2 2035-07-15 Variable 0.06552000 N N N N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 2.95% 09/15/2051 29444UBM7 2000000.00000000 PA USD 1238700.60000000 0.422346911834 Long DBT CORP US N 2 2051-09-15 Fixed 0.02950000 N N N N N N HILTON USA TR 2016-HHV N/A HILT 2016-HHV F CSTR 11/38 144A 43300LAQ3 2515000.00000000 PA USD 2481117.17000000 0.845960819467 Long ABS-MBS CORP US N 2 2038-11-05 Variable 0.04193500 N N N N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LXP INDUSTRIAL TRUST 2.7% 09/15/2030 529043AE1 78000.00000000 PA USD 71195.06000000 0.024274642095 Long DBT CORP US N 2 2030-09-15 Fixed 0.02700000 N N N N N N KITE REALTY GROUP LP 549300X6R2GYI8Y3OD81 KITE REALTY GROUP LP 5.2% 08/15/2032 49803XAG8 1000000.00000000 PA USD 1008819.47000000 0.343966724286 Long DBT CORP US N 2 2032-08-15 Fixed 0.05200000 N N N N N N GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP N/A GLOBAL NET LEASE INC / GLOBAL NET LEASE OPERATING PARTNERSHIP LP 3.75% 12/15/2027 144A 37892AAA8 925000.00000000 PA USD 904147.26000000 0.308277725146 Long DBT CORP US N 2 2027-12-15 Fixed 0.03750000 N N N N N N CUBESMART LP 549300MPHKO3I3FJRA97 CUBESMART LP 2.5% 02/15/2032 22966RAJ5 1500000.00000000 PA USD 1317882.98000000 0.449344907690 Long DBT CORP US N 2 2032-02-15 Fixed 0.02500000 N N N N N N UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC N/A UNITI GROUP LP / UNITI GROUP FINANCE INC / CSL CAPITAL LLC 6.5% 02/15/2029 144A 91327BAA8 820000.00000000 PA USD 805662.96000000 0.274698553577 Long DBT CORP US N 2 2029-02-15 Fixed 0.06500000 N N N N N N TIMES SQUARE HOTEL TR N/A TIMES SQUARE HOTEL TR 8.528% 08/01/2026 144A 887367AA8 117417.60070000 PA USD 117522.74000000 0.040070511235 Long DBT CORP US N 2 2026-08-01 Fixed 0.08528000 N N N N N N BX COMMERCIAL MORTGAGE TRUST 2020-VIVA N/A BX COMMERCIAL MORTGAGE TRUST 2020-VIVA E 3.54875% 03/09/2044 144A 12433XAJ8 2018000.00000000 PA USD 1803415.36000000 0.614891853650 Long ABS-MBS CORP US N 2 2044-03-11 Variable 0.03548750 N N N N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 5.125% 04/15/2035 756109CT9 1510000.00000000 PA USD 1512886.80000000 0.515833340143 Long DBT CORP US N 2 2035-04-15 Fixed 0.05125000 N N N N N N CREDIT SUISSE COM MTG TR 2021 N/A CREDIT SUISSE COM MTG TR 2021-SOP2 F STEP 06/15/2034 144A 12657VAQ5 800000.00000000 PA USD 343148.80000000 0.116999891644 Long ABS-MBS CORP US N 2 2034-06-15 Variable 0.08086068 N N N N N N BENCHMARK 2019-B14 MTG TR N/A BENCHMARK 2019-B14 MTG TR VAR 12/15/2062 144A 08162YBP6 859000.00000000 PA USD 2147.50000000 0.000732210828 Long ABS-MBS CORP US N 3 2062-12-15 Variable 0.03074680 N N N N N N MILLROSE PROPERTIES INC REIT N/A MILLROSE PROPERTIES INC REIT 6.25% 09/15/2032 144A 601137AB8 490000.00000000 PA USD 492146.87000000 0.167802220095 Long DBT CORP US N 2 2032-09-15 Fixed 0.06250000 N N N N N N VENTAS RLTY LTD PARTNERSHIP 32SXKSJ72K64GM3HOU64 VENTAS RLTY LTD PARTNERSHIP 2.5% 09/01/2031 92277GAW7 500000.00000000 PA USD 445628.80000000 0.151941435650 Long DBT CORP US N 2 2031-09-01 Fixed 0.02500000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 5.625% 09/15/2034 361841AT6 500000.00000000 PA USD 497568.95000000 0.169650930545 Long DBT CORP US N 2 2034-09-15 Fixed 0.05625000 N N N N N N GLOBAL NET LEASE INC 549300NUYANCT5SU8Z65 GLOBAL NET LEASE INC 7.375% PFD PERP E 379378607 19100.00000000 NS USD 437008.00000000 0.149002090777 Long EP CORP US N 1 N N N BPR COML MTG TR 2024-PK N/A BPR COML MTG TR 2024-PARK C VAR 11/05/2039 144A 05593UAG0 303000.00000000 PA USD 310583.42000000 0.105896411371 Long ABS-MBS CORP US N 2 2039-11-05 Variable 0.05771099 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 EXTRA SPACE STORAGE LP 5.9% 01/15/2031 30225VAR8 1000000.00000000 PA USD 1041499.14000000 0.355109172836 Long DBT CORP US N 2 2031-01-15 Fixed 0.05900000 N N N N N N KIMCO REALTY OP LLC 549300EA7I6T15IBYS12 KIMCO REALTY OP LLC 4.6% 02/01/2033 49446RBA6 1000000.00000000 PA USD 987274.12000000 0.336620629485 Long DBT CORP US N 2 2033-02-01 Fixed 0.04600000 N N N N N N CHIMERA INVESTMENT CORP 2JBBQFJOL123LOUBE657 CHIMERA INVESTMENT CORP SER C 7.75/VAR PERP PFD 16934Q505 45866.00000000 NS USD 1049872.74000000 0.357964232485 Long EP CORP US N 1 N N N BANK 2025-BNK51 N/A BANK 2025-BNK51 5.904% 12/25/2067 06541HAJ4 825000.00000000 PA USD 832073.22000000 0.283703386345 Long ABS-MBS CORP US N 2 2067-12-25 Variable 0.05895000 N N N N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 5.75% 09/15/2033 144A 432833AS0 990000.00000000 PA USD 996647.85000000 0.339816693101 Long DBT CORP US N 2 2033-09-15 Fixed 0.05750000 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 6.25% 09/15/2054 361841AU3 500000.00000000 PA USD 492410.30000000 0.167892039093 Long DBT CORP US N 2 2054-09-15 Fixed 0.06250000 N N N N N N ENBRIDGE INC 98TPTUM4IVMFCZBCUR27 ENBRIDGE INC SER 1 4% PFD PERP 29250N717 20325.00000000 NS USD 508125.00000000 0.173250117563 Long EP CORP CA N 1 N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.9% 11/15/2033 03027XCF5 1500000.00000000 PA USD 1573147.04000000 0.536379649938 Long DBT CORP US N 2 2033-11-15 Fixed 0.05900000 N N N N N N AGNC INVESTMENT CORP 5TRACI5HRMELWV32OF39 AGNC INVESTMENT CORP SER E 6.5%/VAR PFD PERP 00123Q807 46750.00000000 NS USD 1191190.00000000 0.406147714717 Long EP CORP US N 1 N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 PEBBLEBROOK HOTEL TRUST 6.375% PERP PFD 70509V803 20200.00000000 NS USD 404404.00000000 0.137885442643 Long EP CORP US N 1 N N N ANNALY CAPITAL MANAGEMENT INC 2DTL0G3FPRYUT58TI025 ANNALY CAPITAL MANAGEMENT INC SER I 6.75/VAR PFD PERP 035710847 27900.00000000 NS USD 714519.00000000 0.243622141700 Long EP CORP US N 1 N N N GS MTG SECS TR 2012-GCJ9 N/A GS MTG SECS TR 2012-GCJ9 E CSTR 11/10/2045 144A 36192PAN6 268330.98000000 PA USD 257573.59000000 0.087822198767 Long ABS-MBS CORP US N 2 2045-11-10 Variable 0.04247474 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2018-AON N/A J P MORGAN CHASE COML MTG SECS TR 2018-AON-F 4.6132% 07/05/2031 144A 46649XAU1 961000.00000000 PA USD 154224.84000000 0.052584446073 Long ABS-MBS CORP US N 2 2031-07-05 Variable 0.04613200 N N N N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 17753221.87600000 NS USD 17756772.52000000 6.054342783057 Long STIV RF US N 1 N N N NYC COML MTG TR 2025-77C N/A NYC COML MTG TR 2025-77C E VAR 01/10/2038 144A 67123LAJ3 235000.00000000 PA USD 232221.97000000 0.079178319514 Long ABS-MBS CORP US N 2 2036-01-10 Variable 0.06262760 N N N N N N PUBLIC STORAGE OPERATING CO 549300LMZF40TKJ6DM64 PUBLIC STORAGE OPERATING CO 5.1% 08/01/2033 74460WAG2 1000000.00000000 PA USD 1018333.73000000 0.347210702959 Long DBT CORP US N 2 2033-08-01 Fixed 0.05100000 N N N N N N SWCH COML MTG TR 2025-DATA N/A SWCH COML MTG TR 2025-DATA F TSFR1M+418.9 03/15/2042 144A 78489CAF6 500000.00000000 PA USD 495241.70000000 0.168857432221 Long ABS-MBS CORP US N 2 2042-02-15 Variable 0.07893630 N N N N N N RIDE 2025-SHRE N/A RIDE 2025-SHRE E VAR 02/14/2025 144A 765692AJ7 320000.00000000 PA USD 326401.44000000 0.111289717791 Long ABS-MBS CORP US N 2 2047-02-14 Variable 0.07288092 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 5.2% 09/01/2034 22822VBG5 825000.00000000 PA USD 820715.31000000 0.279830797429 Long DBT CORP US N 2 2034-09-01 Fixed 0.05200000 N N N N N N J P MORGAN CHASE COML MTG SECS TR 2013-LC11 N/A JP MORGAN CH CMS 13-LC11 D CSTR 04/15/2046 46639YAX5 284464.72000000 PA USD 2139.17000000 0.000729370635 Long ABS-MBS CORP US N 3 2046-04-15 Variable 0.03606820 N N N N N N SUMMIT HOTEL PROPERTIES INC 254900OBQWJK6X20LS71 SUMMIT HOTEL PPTYS INC SER F 5.875% PERP PFD 866082704 61000.00000000 NS USD 1060790.00000000 0.361686577535 Long EP CORP US N 1 N N N LAMAR MEDIA CORP N/A LAMAR MEDIA CORP 4% 02/15/2030 513075BT7 875000.00000000 PA USD 839008.01000000 0.286067869853 Long DBT CORP US N 2 2030-02-15 Fixed 0.04000000 N N N N N N CHIMERA INVESTMENT CORP 2JBBQFJOL123LOUBE657 CHIMERA INVESTMENT CORP SER B 8%/VAR PREF PERP 16934Q406 35058.00000000 NS USD 858219.84000000 0.292618328512 Long EP CORP US N 1 N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LEXINGTON RLTY 6.5 CV PFD PERPPAR=50 529043309 68019.00000000 NS USD 3119351.34000000 1.063572912919 Long EP CORP US N 2 N N N SAUL CENTERS INC N/A SAUL CENTERS INC 6% SER E PFD PERP 804395879 13475.00000000 NS USD 297258.50000000 0.101353151432 Long EP CORP US N 1 N N N CTO REALTY GROWTH INC 254900ZQ99OFO1WXS678 CTO REALTY GROWTH INC 6.375% PFD PERP 22948Q200 20000.00000000 NS USD 414800.00000000 0.141430059070 Long EP CORP US N 1 N N N AMERICAN HOMES 4 RENT 549300ZJUO7A58PNUW40 AMERICAN HOMES 4 RENT 5.875% SER G PFD PERP 02665T876 37050.00000000 NS USD 843258.00000000 0.287516944918 Long EP CORP US N 1 N N N SREIT TR 2021-MFP2 N/A SREIT TR 2021-MFP2 TSFR1M+402.998 55 11/15/2036 144A 85236WCU8 1000000.00000000 PA USD 996793.40000000 0.339866319776 Long ABS-MBS CORP US N 2 2036-11-15 Variable 0.07684980 N N N N N N BRIXMOR OPERATING PARTNERSHIP LP 549300CJHBL7JBUA6503 BRIXMOR OPERATING PARTNERSHIP LP 5.5% 02/15/2034 11120VAM5 500000.00000000 PA USD 508710.30000000 0.173449681241 Long DBT CORP US N 2 2034-02-15 Fixed 0.05500000 N N N N N N KITE REALTY GROUP LP 549300X6R2GYI8Y3OD81 KITE REALTY GROUP LP 5.5% 03/01/2034 49803XAE3 1000000.00000000 PA USD 1012396.62000000 0.345186388065 Long DBT CORP US N 2 2034-03-01 Fixed 0.05500000 N N N N N N CBRE SERVICES INC 549300CTE3HOMEUMM603 CBRE SERVICES INC 5.95% 08/15/2034 12505BAG5 1750000.00000000 PA USD 1826286.18000000 0.622689880226 Long DBT CORP US N 2 2034-08-15 Fixed 0.05950000 N N N N N N RETAIL VALUE INC 549300VO5RB7323N1Z31 RETAIL VALUE INC (ESCROW LINE) 76133Q102 24066.00000000 NS USD 0.24000000 0.000000081830 Long EC CORP US N 3 N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP 64828T300 43666.00000000 NS USD 1125272.82000000 0.383672616691 Long EP CORP US N 1 N N N BX COMMERCIAL MORTGAGE TRUST 2019-IMC N/A BX COMMERCIAL MORTGAGE TRUST 2019-IMC G TSFR1M+371.448 04/15/2034 144A 05608BAS9 819000.00000000 PA USD 806545.30000000 0.274999395907 Long ABS-MBS CORP US N 2 2034-04-15 Variable 0.07301300 N N N N N N PROLOGIS INC 529900DFH19P073LZ636 PROLOGIS IN SR Q 8.54% PFD PRP 74340W202 16850.00000000 NS USD 894735.00000000 0.305068524355 Long EP CORP US N 1 N N N PUBLIC STORAGE 254900GLQZAD4N7N5Q19 PUBLIC STORAGE 4.7% SER J PFD PERP 74460W594 2315.00000000 NS USD 42989.55000000 0.014657701533 Long EP CORP US N 1 N N N WP GLIMCHER MALL TR 15-WPG N/A JPMDB 2015-WPG PR2 CSTR 06/35 92939VAN4 459000.00000000 PA USD 100989.18000000 0.034433234553 Long ABS-MBS CORP US N 3 2035-06-05 Variable 0.03516000 N N N N N N PROLOGIS LP GL16H1DHB0QSHP25F723 PROLOGIS LP 5.25% 05/15/2035 74340XCR0 230000.00000000 PA USD 233194.68000000 0.079509974366 Long DBT CORP US N 2 2035-05-15 Fixed 0.05250000 N N N N N N EXTENDED STAY AMER TR 2026-ESH2 N/A EXTENDED STAY AMER TR 2026-ESH2 TSFR1M+315 02/15/2043 144A 30227WAJ2 733417.85000000 PA USD 736168.17000000 0.251003634930 Long ABS-MBS CORP US N 2 2043-02-15 Variable 0.06554710 N N N N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 IRON MOUNTAIN INC 4.5% 02/15/2031 144A 46284VAN1 500000.00000000 PA USD 480487.65000000 0.163826896630 Long DBT CORP US N 2 2031-02-15 Fixed 0.04500000 N N N N N N ARBOR REALTY TRUST INC 549300ASFUWYQO0RW077 ARBOR REALTY TRUST INC SER D 6.375% PERP PFD 038923876 12400.00000000 NS USD 210552.00000000 0.071789734323 Long EP CORP US N 1 N N N PENNYMAC MORTGAGE INVESTMENT TRUST 549300BSSOQO1ZWDUJ97 PENNYMAC MTG INVT TR 8%/VAR SER B PREF PERP 70931T400 20205.00000000 NS USD 480879.00000000 0.163960331186 Long EP CORP US N 1 N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 4.05% 03/15/2032 03027XBW9 1500000.00000000 PA USD 1443628.44000000 0.492219034584 Long DBT CORP US N 2 2032-03-15 Fixed 0.04050000 N N N N N N GS MTG SECS TR 2011-GC5 N/A GSMS 2011-GC5 C 5.47 8/44 36191YAJ7 76562.91000000 PA USD 74583.45000000 0.025429946333 Long ABS-MBS CORP US N 2 2044-08-10 Variable 0.05557531 N N N N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP SER B 7.125%/VAR PFD PERP 64828T409 60467.00000000 NS USD 1547955.20000000 0.527790249216 Long EP CORP US N 1 N N N SUN CMNTYS OPER LTD PRTNRSHP 549300PUNBPJCGT6X741 SUN CMNTYS OPER LTD PRTNRSHP 2.7% 07/15/2031 866677AE7 2500000.00000000 PA USD 2251653.38000000 0.767722928014 Long DBT CORP US N 2 2031-07-15 Fixed 0.02700000 N N N N N N VENTAS RLTY LTD PARTNERSHIP 32SXKSJ72K64GM3HOU64 VENTAS RLTY LTD PARTNERSHIP 4.75% 11/15/2030 92277GAV9 1000000.00000000 PA USD 1001500.24000000 0.341471162253 Long DBT CORP US N 2 2030-11-15 Fixed 0.04750000 N N N N N N GS MTG SECS CORP TR 2024-RVR N/A GS MTG SECS CORP TR 2024-RVR A VAR 08/10/2029 144A 36272JAA1 500000.00000000 PA USD 501735.85000000 0.171071675273 Long ABS-MBS CORP US N 2 2041-08-10 Variable 0.04851759 N N N N N N MORGAN STANLEY CAP I TR 2011-C3 N/A MSC 2011-C3 E CSTR 7/15/49 144A 61760RAN2 107806.21000000 PA USD 107105.91000000 0.036518792618 Long ABS-MBS CORP US N 2 2049-07-15 Variable 0.04941013 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 2.25% 01/15/2031 22822VAT8 1500000.00000000 PA USD 1329861.56000000 0.453429120026 Long DBT CORP US N 2 2031-01-15 Fixed 0.02250000 N N N N N N WINDSTREAM SERVICES LLC 549300L3SXBFJVGRCF66 UNITI GROUP TERM B 1LN 10/6/2032 97381JAK9 498750.00000000 PA USD 498750.00000000 0.170053620929 Long LON CORP US N 2 2032-10-06 Variable 0.07652170 N N N N N N GLOBAL PARTNERS LP 549300PCHWTW9P4DU444 GLOBAL PARTNERS LP SER B 9.5% PERP PFD 37946R307 12200.00000000 NS USD 316041.00000000 0.107757225889 Long EP CORP US N 1 N N N Phillips Edison Grocery Center Operating Partnership I LP 549300WUPIVS6ZE0ZI51 Phillips Edison Grocery Center Operating Partnership I LP 2.625% 11/15/2031 71845JAA6 3000000.00000000 PA USD 2672284.71000000 0.911141235268 Long DBT CORP US N 2 2031-11-15 Fixed 0.02625000 N N N N N N GS MTG SECS TR 2011-GC5 N/A GSMS 2011-GC5 E CSTR 8/44 36191YAN8 848000.00000000 PA USD 284127.49000000 0.096876006977 Long ABS-MBS CORP US N 2 2044-08-10 Variable 0.05557531 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 3.1% 06/15/2050 03027XBD1 1500000.00000000 PA USD 961886.30000000 0.327964407493 Long DBT CORP US N 2 2050-06-15 Fixed 0.03100000 N N N N N N PROVIDENCE PLACE GROUP LTD PARTNERSHIP N/A PPGLP 2000-C1 A2 7.75% 7/28 743784AB6 418586.10010000 PA USD 424583.73000000 0.144765916138 Long ABS-MBS CORP US N 2 2028-07-20 Fixed 0.07750000 N N N N N N DIGITALBRIDGE GROUP INC 549300XG87L902AGBO89 DIGITALBRIDGE GROUP INC 7.15% SER I PERP PFD 25401T405 10318.00000000 NS USD 177779.14000000 0.060615511744 Long EP CORP US N 1 N N N MORGAN STANLEY CAP I TR 2015-MS1 N/A MORGAN STANLEY CAP I TR 2015 4.163% 5/15/48 61765DAC2 980000.00000000 PA USD 808598.00000000 0.275699283762 Long ABS-MBS CORP US N 2 2048-05-15 Variable 0.04028035 N N N N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 VICI PROPERTIES LP 6.125% 04/01/2054 925650AG8 1254000.00000000 PA USD 1214988.64000000 0.414262090466 Long DBT CORP US N 2 2054-04-01 Fixed 0.06125000 N N N N N N BX COML MTG TR 2024-VLT5 N/A BX COML MTG TR 2024-VLT5 B CSTR 11/13/2046 144A 05614JAC9 353000.00000000 PA USD 354401.87000000 0.120836734351 Long ABS-MBS CORP US N 2 2046-11-13 Variable 0.05414724 N N N N N N UBS COML MTG TR 2012-C1 N/A UBSCM 2012-C1 E CSTR 05/45 90269GAQ4 926620.31000000 PA USD 880270.76000000 0.300136802278 Long ABS-MBS CORP US N 2 2045-05-10 Variable 0.05000000 N N N N N N SBA COMMUNICATIONS CORP 5299001HX8ZN8Y8QIT49 SBA COMMUNICATIONS CORP 3.125% 02/01/2029 78410GAG9 2500000.00000000 PA USD 2406630.00000000 0.820563700727 Long DBT CORP US N 2 2029-02-01 Fixed 0.03125000 N N N N N N AMERICAN HOMES 4 RENT 549300ZJUO7A58PNUW40 AMERICAN HOMES 4 RENT SER H 6.25% PERP PFD 02665T868 21284.00000000 NS USD 504537.22000000 0.172026829382 Long EP CORP US N 1 N N N MILLROSE PROPERTIES INC REIT N/A MILLROSE PROPERTIES INC REIT 6.375% 08/01/2030 144A 601137AA0 470000.00000000 PA USD 475999.08000000 0.162296475414 Long DBT CORP US N 2 2030-08-01 Fixed 0.06375000 N N N N N N HILTON DOMESTIC OPERATING CO INC 5493003EG7H0N1E4XV50 HILTON DOMESTIC OPERATING CO INC 3.625% 02/15/2032 144A 432833AN1 200000.00000000 PA USD 183096.68000000 0.062428578274 Long DBT CORP US N 2 2032-02-15 Fixed 0.03625000 N N N N N N CUSHMAN and WAKEFIELD US BORROWER LLC 549300870CMN3WI5IF97 CUSHMAN and WAKEFIELD TERM B3 1LN 01/31/2030 23340DAW2 16950.00000000 PA USD 16992.38000000 0.005793715783 Long LON CORP US N 2 2030-01-31 Variable 0.06402170 N N N N N N M/I HOMES INC 5299005M71FH9CCSFB69 M/I HOMES INC 3.95% 02/15/2030 55305BAV3 1430000.00000000 PA USD 1359295.22000000 0.463464810172 Long DBT CORP US N 2 2030-02-15 Fixed 0.03950000 N N N N N N MORGAN STANLEY CAP I TR 2011-C2 3IFG42XD94UUZ7FL2766 MSC 2011-C2 XB CSTR 6/44 144A 617459AF9 20912727.97860000 PA USD 79968.18000000 0.027265921941 Long ABS-MBS CORP US N 2 2044-06-15 Variable 0.00495999 N N N N N N GLP CAP LP / GLP FING II INC N/A GLP CAP LP / GLP FING II INC 5.75% 11/01/2037 361841AW9 1340000.00000000 PA USD 1311802.25000000 0.447271624172 Long DBT CORP US N 2 2037-11-01 Fixed 0.05750000 N N N N N N CROWN CASTLE INC 54930012H97VSM0I2R19 CROWN CASTLE INC 2.5% 07/15/2031 22822VAY7 1500000.00000000 PA USD 1328972.45000000 0.453125969399 Long DBT CORP US N 2 2031-07-15 Fixed 0.02500000 N N N N N N DIGITALBRIDGE GROUP INC 549300XG87L902AGBO89 DIGITALBRIDGE GROUP INC 7.125% SER J PFD PERP 25401T306 18731.00000000 NS USD 324701.89000000 0.110710239833 Long EP CORP US N 1 N N N AMERICAN HOMES 4 RENT LP 549300N4PXZ37U8QKI55 AMERICAN HOMES 4 RENT LP 4.25% 02/15/2028 02666TAA5 2000000.00000000 PA USD 1987794.42000000 0.677757671748 Long DBT CORP US N 2 2028-02-15 Fixed 0.04250000 N N N N N N MPT OPER PARTNERSHIP LP / MPT FIN CORP N/A MPT OPER PARTNERSHIP LP/CORP 4.625% 08/01/2029 55342UAJ3 1506000.00000000 PA USD 1246190.45000000 0.424900648401 Long DBT CORP US N 2 2029-08-01 Fixed 0.04625000 N N N N N N Phillips Edison Grocery Center Operating Partnership I LP 549300WUPIVS6ZE0ZI51 Phillips Edison Grocery Center Operating Partnership I LP 4.95% 01/15/2035 71845JAC2 412000.00000000 PA USD 399964.92000000 0.136371895520 Long DBT CORP US N 2 2035-01-15 Fixed 0.04950000 N N N N N N WP CAREY INC 54930042CRNE713E3Q67 WP CAREY INC 2.45% 02/01/2032 92936UAJ8 1000000.00000000 PA USD 877591.49000000 0.299223279341 Long DBT CORP US N 2 2032-02-01 Fixed 0.02450000 N N N N N N BROOKFIELD PROPERTY PARTNERS LP 5493004J5Z0TZW83NU62 BROOKFIELD PROPERTY PARTN LP 6.5% PERP PFD N/A 5875.00000000 NS USD 94763.75000000 0.032310614176 Long EP CORP BM N 1 N N N MORGAN STANLEY CAP I TR 2011-C3 N/A MORGAN STANLEY CAP I TR 2011-C3 F CSTR 07/15/2049 144A 61760RAQ5 636000.00000000 PA USD 626354.36000000 0.213561557700 Long ABS-MBS CORP US N 3 2049-07-15 Variable 0.04941013 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 5.55% 07/15/2033 03027XCD0 1000000.00000000 PA USD 1030051.36000000 0.351205941877 Long DBT CORP US N 2 2033-07-15 Fixed 0.05550000 N N N N N N NATIONAL HEALTHCARE PROPERTIES INC 549300Z2NSUGF5NF2Y30 HEALTHCARE TRUST INC SER A 7.375% PFD PERP 42226B204 33000.00000000 NS USD 687060.00000000 0.234259730919 Long EP CORP US N 1 N N N RITHM CAPITAL CORP 549300WNTHGEO5LP2G31 RITHM CAPITAL CORP SER D 7%/VAR PFD PERP 64828T706 17100.00000000 NS USD 430065.00000000 0.146634807990 Long EP CORP US N 1 N N N HUT 8 DC LLC 2549001DBTVKADI7M690 HUT 8 DC LLC 6.192% 11/15/2042 144A 44813DAA4 462000.00000000 PA USD 465823.76000000 0.158827101961 Long DBT CORP US N 2 2042-11-15 Fixed 0.06192000 N N N N N N MHP 2022-MHIL MEZZ N/A MHP 2022-MHIL MEZZ SOFR+500 01/09/2027 N/A 3514501.71000000 PA USD 3426639.17000000 1.168345661108 Long LON CORP US N 3 2027-01-09 Variable 0.08654710 N N N N N N Phillips Edison Grocery Center Operating Partnership I LP 549300WUPIVS6ZE0ZI51 Phillips Edison Grocery Center Operating Partnership I LP 5.25% 08/15/2032 71845JAD0 500000.00000000 PA USD 507855.55000000 0.173158245988 Long DBT CORP US N 2 2032-08-15 Fixed 0.05250000 N N N N N N NNN REIT INC 5493008JKH5SOTI0JS97 NNN REIT INC 5.5% 06/15/2034 637417AT3 1400000.00000000 PA USD 1423134.40000000 0.485231394064 Long DBT CORP US N 2 2034-06-15 Fixed 0.05500000 N N N N N N BSREP COML MTG TR 2021-DC N/A BSREP COML MTG TR 2021-DC TSFR1M+396.448 08/15/2038 144A 05591UAN7 213030.04000000 PA USD 74091.85000000 0.025262330574 Long ABS-MBS CORP US N 2 2038-08-15 Variable 0.07619480 N N N N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LXP INDUSTRIAL TRUST 2.375% 10/01/2031 529537AA0 500000.00000000 PA USD 435363.82000000 0.148441491754 Long DBT CORP US N 2 2031-10-01 Fixed 0.02375000 N N N N N N TAYLOR MORRISON COMMUNITIES INC 549300O1Z08HI2MRK572 TAYLOR MORRISON COMMUNITIES INC 5.125% 08/01/2030 144A 87724RAJ1 230000.00000000 PA USD 229069.77000000 0.078103546534 Long DBT CORP US N 2 2030-08-01 Fixed 0.05125000 N N N N N N MORGAN STANLEY CAP I TR 2024-BPR2 3IFG42XD94UUZ7FL2766 MORGAN STANLEY CAP I TR 2024-BPR2 A 7.291% 05/05/2029 144A 61776EAA1 958490.33000000 PA USD 999962.58000000 0.340946882251 Long ABS-MBS CORP US N 2 2029-05-05 Fixed 0.07291000 N N N N N N MORGAN STANLEY BK AMER MERRILL LYNCH TR 2013-C9 549300PFVBG5704L7K74 MSBAM 2013 - C9 C 4.2117% 5/46 61762DBB6 625000.00000000 PA USD 577584.81000000 0.196933109442 Long ABS-MBS CORP US N 2 2046-05-15 Variable 0.03704221 N N N N N N UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC N/A UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A 91327AAB8 1040000.00000000 PA USD 1004900.94000000 0.342630663704 Long DBT CORP US N 2 2030-01-15 Fixed 0.06000000 N N N N N N PUBLIC STORAGE 254900GLQZAD4N7N5Q19 PUBLIC STORAGE SER G 5.05% PFD PERP 74460W669 4670.00000000 NS USD 95081.20000000 0.032418851814 Long EP CORP US N 1 N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 4.65% 03/15/2047 756109AT1 900000.00000000 PA USD 772559.13000000 0.263411483586 Long DBT CORP US N 2 2047-03-15 Fixed 0.04650000 N N N N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 5.85% 03/08/2053 828807DV6 1000000.00000000 PA USD 998317.58000000 0.340386003642 Long DBT CORP US N 2 2053-03-08 Fixed 0.05850000 N N N N N N REALTY INCOME CORP 549300CUWDAUZSH43859 REALTY INCOME CORP 3.1% 12/15/2029 756109BK9 1000000.00000000 PA USD 952431.42000000 0.324740675003 Long DBT CORP US N 2 2029-12-15 Fixed 0.03100000 N N N N N N VENTAS RLTY LTD PARTNERSHIP 32SXKSJ72K64GM3HOU64 VENTAS RLTY LTD PARTNERSHIP 4.4% 01/15/2029 92277GAN7 2000000.00000000 PA USD 1989049.06000000 0.678185453352 Long DBT CORP US N 2 2029-01-15 Fixed 0.04400000 N N N N N N JPMBB COML MTG SECS TR 2014-C23 N/A JPMBB 2014-C23 UH5 4.7094% 09/15/2047 144A 46643AAQ6 1533785.57000000 PA USD 1492608.80000000 0.508919360544 Long ABS-MBS CORP US N 2 2047-09-15 Fixed 0.04709400 N N N N N N MPT OPER PARTNERSHIP LP / MPT FIN CORP N/A MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027 55342UAH7 3237000.00000000 PA USD 3156062.18000000 1.076089827745 Long DBT CORP US N 2 2027-10-15 Fixed 0.05000000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 3.8% 08/15/2029 03027XAW0 1000000.00000000 PA USD 977697.32000000 0.333355327196 Long DBT CORP US N 2 2029-08-15 Fixed 0.03800000 N N N N N N EQT TR 2024-EXTR N/A EQT TR 2024-EXTR B CSTR 07/05/2041 144A 29439DAC5 1000000.00000000 PA USD 1011019.00000000 0.344716675245 Long ABS-MBS CORP US N 2 2041-07-05 Variable 0.05654600 N N N N N N BPR TR 2024-PMDW N/A BPR TR 2024-PMDW D VAR 11/05/2029 144A 05592VAJ3 254000.00000000 PA USD 252924.74000000 0.086237128540 Long ABS-MBS CORP US N 2 2041-11-05 Variable 0.05850000 N N N N N N MORGAN STANLEY CAP I TR 2024-NSTB N/A MORGAN STANLEY CAP I TR 2024-NSTB VAR 09/20/2032 144A 61690BAG7 739000.00000000 PA USD 712119.98000000 0.242804172702 Long ABS-MBS CORP US N 2 2057-09-24 Variable 0.03900000 N N N N N N MORGAN STANLEY CAP I TR 2011-C2 3IFG42XD94UUZ7FL2766 MSC 2011-C2 D CSTR 6/44 617459AJ1 589687.82000000 PA USD 583902.98000000 0.199087350417 Long ABS-MBS CORP US N 2 2044-06-15 Variable 0.05212948 N N N N N N SUNSTONE HOTEL INVS INC NEW 529900ZQ2V52V96ATF67 SUNSTONE HOTEL INVS INC SER H 6.125% PFD PERP 867892804 20000.00000000 NS USD 416000.00000000 0.141839210640 Long EP CORP US N 1 N N N METRONET INFRASTRUCTURE ISSUER LLC 5493000BIROCAEATAQ61 METRONET INFRASTRUCTURE ISSUER LLC 7.1% 04/20/2056 144A 59170JBL1 990000.00000000 PA USD 996168.89000000 0.339653387071 Long ABS-CBDO CORP US N 2 2056-04-20 Fixed 0.07100000 N N N N N N OMEGA HEALTHCARE INVESTORS INC 549300OJ7ENK42CZ8E73 OMEGA HEALTHCARE INVESTORS INC 4.5% 04/01/2027 681936BF6 483000.00000000 PA USD 482814.39000000 0.164620221065 Long DBT CORP US N 2 2027-04-01 Fixed 0.04500000 N N N N N N FLASH COMPUTE LLC N/A FLASH COMPUTE LLC 7.25% 12/31/2030 144A 33853QAA9 480000.00000000 PA USD 489633.64000000 0.166945310097 Long DBT CORP US N 2 2030-12-31 Fixed 0.07250000 N N N N N N DIGITALBRIDGE GROUP INC 549300XG87L902AGBO89 DIGITALBRIDGE GROUP INC SER H 7.125% PERP PFD 25401T504 9647.00000000 NS USD 167182.51000000 0.057002488584 Long EP CORP US N 1 N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LXP INDUSTRIAL TRUST 6.75% 11/15/2028 529043AF8 62000.00000000 PA USD 64807.87000000 0.022096868086 Long DBT CORP US N 2 2028-11-15 Fixed 0.06750000 N N N N N N BEIGNET INVESTOR LLC N/A BEIGNET INVESTOR LLC 6.581% 05/30/2049 144A 076912AA2 460000.00000000 PA USD 475060.93000000 0.161976604127 Long DBT CORP US N 2 2049-05-30 Fixed 0.06581000 N N N N N N BX TRUST 2024-FNX N/A BX TRUST 2024-FNX TSFR1M+393.874 11/15/2026 144A 05593TAN8 683044.11000000 PA USD 680554.41000000 0.232041587288 Long ABS-MBS CORP US N 2 2041-11-15 Variable 0.07593450 N N N N N N SIMON PROPERTY GROUP LP MR92GTD0MJTTTTQDVG45 SIMON PROPERTY GROUP LP 6.25% 01/15/2034 828807DW4 2000000.00000000 PA USD 2155241.26000000 0.734850286195 Long DBT CORP US N 2 2034-01-15 Fixed 0.06250000 N N N N N N RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP N/A RETAINED VANTAGE DATA CTRS ISSUER LLC / VANTAGE DATA CTRS CDA QC4 LTD PARTNERSHIP 6% 09/15/2049 144A 76134KAJ3 553000.00000000 PA USD 531290.44000000 0.181148597668 Long ABS-CBDO CORP US N 2 2049-09-15 Fixed 0.05775000 N N N N N N MORGAN STANLEY CAP I TR 2011-C2 3IFG42XD94UUZ7FL2766 MSC 2011-C2 F CSTR 6/44 617459AL6 970000.00000000 PA USD 729818.30000000 0.248838585535 Long ABS-MBS CORP US N 2 2044-06-15 Variable 0.05212948 N N N N N N WILLIAMS SCOTSMAN INC 549300DAKDS8SCO1OT57 WILLIAMS SCOTSMAN INC 6.625% 04/15/2030 144A 96949VAN3 190000.00000000 PA USD 195684.99000000 0.066720683931 Long DBT CORP US N 2 2030-04-15 Fixed 0.06625000 N N N N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 VICI PROPERTIES LP 5.625% 05/15/2052 925650AE3 667000.00000000 PA USD 606253.36000000 0.206707927957 Long DBT CORP US N 2 2052-05-15 Fixed 0.05625000 N N N N N N 2026-05-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX