| 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 | 100.36 | BEATS 2024-1A A2 | 04/07/2064 6.625000% | 5 | 2 | 6 | 5 | N | True | 32348.15 | L | N | 6/30/2026 | C | 438;USD | USD | 488273.92 | 492698.90 | 492641.01 | 490016.23 | 490016.23 | -2624.78 | -2624.78 | 6.60 | False | 6.60 | 0.32 | 0.32 | 0.33 | 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 | 100.80 | HWIRE 2023-1A B | 05/20/2053 7.002000% | 5 | 2 | 6 | 5 | N | True | 43762.50 | L | N | 6/30/2026 | C | 438;USD | USD | 625000.00 | 605238.88 | 605430.22 | 630002.31 | 630002.31 | 24572.09 | 24572.09 | 6.95 | True | 4.92 | 0.42 | 0.41 | 0.42 | 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 | 101.73 | MFT 2023-4A B | 12/15/2033 8.150000% | 5 | 2 | 6 | 5 | N | True | 61125.00 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 780937.50 | 767320.47 | 762953.93 | 762953.93 | -4366.55 | -4366.55 | 8.01 | True | 6.90 | 0.50 | 0.50 | 0.51 | 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 | 100.51 | PAID 2024-10 D | 06/15/2032 6.429000% | 5 | 2 | 6 | 5 | N | True | 18183.89 | L | N | 6/30/2026 | C | 438;USD | USD | 282841.59 | 284742.00 | 283292.99 | 284273.62 | 284273.62 | 980.63 | 980.63 | 6.40 | True | 5.06 | 0.19 | 0.19 | 0.19 | 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 | 100.89 | M | PEAR 2023-1 A | 07/15/2035 7.420000% | 5 | 2 | 6 | 5 | N | True | 40839.66 | L | N | 6/30/2026 | C | 438;USD | USD | 550399.71 | 556859.21 | 557788.64 | 555278.56 | 555278.56 | -2510.08 | -2510.08 | 7.35 | True | 6.67 | 0.37 | 0.36 | 0.37 | 937500.00 | 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 | 100.75 | PEAR 2024-1 A | 02/15/2036 6.950000% | 5 | 2 | 6 | 5 | N | True | 15740.98 | L | N | 6/30/2026 | C | 438;USD | USD | 226488.95 | 229390.95 | 228232.54 | 228198.85 | 228198.85 | -33.69 | -33.69 | 6.90 | True | 6.49 | 0.15 | 0.15 | 0.15 | 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 | 100.74 | RPM 2025-1A C | 06/27/2033 6.380000% | 5 | 2 | 6 | 5 | N | True | 5999.27 | L | N | 6/30/2026 | C | 438;USD | USD | 94032.48 | 94032.48 | 94032.47 | 94729.00 | 94729.00 | 696.53 | 696.53 | 6.33 | True | 5.22 | 0.06 | 0.06 | 0.06 | 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 | 101.12 | UNIT 2025-1A B | 04/20/2055 6.369000% | 5 | 2 | 6 | 5 | N | True | 15922.50 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 252806.53 | 252806.53 | 2806.53 | 2806.53 | 6.30 | True | 5.84 | 0.17 | 0.17 | 0.17 | 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 | 100.60 | WESTR 2023-1A C | 12/20/2037 7.490000% | 5 | 2 | 6 | 5 | N | True | 10788.96 | L | N | 6/30/2026 | C | 438;USD | USD | 144044.92 | 142200.74 | 142386.10 | 144915.14 | 144915.14 | 2529.04 | 2529.04 | 7.45 | True | 6.72 | 0.10 | 0.10 | 0.10 | 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 | 101.24 | ZAYO 2025-2A A2 | 06/20/2055 5.953000% | 5 | 2 | 6 | 5 | N | True | 5953.00 | L | N | 6/30/2026 | C | 438;USD | USD | 100000.00 | 100000.01 | 100000.00 | 101244.65 | 101244.65 | 1244.65 | 1244.65 | 5.88 | True | 5.41 | 0.07 | 0.07 | 0.07 | 100000.00 | 98919WAG | 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 | 100.33 | ALLEG 2024-3A B | 10/15/2037 6.408490% | 5 | 2 | 6 | 5 | N | True | 27615.50 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 499500.00 | 499500.00 | 501664.30 | 501664.30 | 2164.30 | 2164.30 | 5.50 | True | 4.39 | 0.33 | 0.33 | 0.33 | 500000.00 | N.A. | 01751JAE | 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 | 98.91 | BCC 2020-3A DRR | 10/23/2034 7.379340% | 5 | 2 | 6 | 5 | N | True | 5142.21 | L | N | 6/30/2026 | C | 438;USD | USD | 76000.00 | 75924.00 | 76000.00 | 75174.90 | 75174.90 | -825.10 | -825.10 | 6.84 | False | 6.94 | 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 | 100.30 | BCC 2022-6A D1R | 01/22/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 33318.20 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 501475.05 | 501475.05 | 1475.05 | 1475.05 | 6.64 | False | 6.63 | 0.33 | 0.33 | 0.33 | 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 | 100.00 | CBAM 2017-3A DR | 07/17/2034 8.041400% | 5 | 2 | 6 | 5 | N | True | 32744.76 | L | N | 6/30/2026 | C | 438;USD | USD | 440000.00 | 436700.00 | 440000.00 | 440000.00 | 440000.00 | 0.00 | 0.00 | 7.44 | False | 7.44 | 0.29 | 0.29 | 0.29 | 440000.00 | N.A. | 12481HAW | 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 | 100.93 | ELM28 2024-4A E | 04/17/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 24200.95 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 252326.05 | 252326.05 | 2326.05 | 2326.05 | 9.59 | False | 9.54 | 0.17 | 0.17 | 0.17 | 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 | 100.22 | FCBSL 2022-3A D1R | 10/20/2035 N.A.% | 5 | 2 | 6 | 5 | N | True | 19813.08 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 250540.68 | 250540.68 | 540.68 | 540.68 | 7.91 | False | 7.89 | 0.17 | 0.16 | 0.17 | 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 | 100.57 | HARUS 2024-3A C | 01/18/2038 6.449480% | 5 | 2 | 6 | 5 | N | True | 14438.08 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 249875.00 | 249875.00 | 251413.05 | 251413.05 | 1538.05 | 1538.05 | 5.74 | True | 4.75 | 0.17 | 0.17 | 0.17 | 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 | 15819.30 | L | N | 6/30/2026 | C | 438;USD | USD | 300000.00 | 299850.00 | 299853.26 | 300150.00 | 300150.00 | 296.74 | 296.74 | 5.27 | False | 5.27 | 0.20 | 0.20 | 0.20 | 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 | 99.84 | MAGNE 2024-42A D2 | 01/25/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 57124.43 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 750000.00 | 750000.00 | 748798.65 | 748798.65 | -1201.35 | -1201.35 | 7.63 | False | 7.64 | 0.50 | 0.49 | 0.50 | 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 | 99.56 | MIDO 2024-17A D2 | 01/20/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 39126.15 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 497781.65 | 497781.65 | -2218.35 | -2218.35 | 7.86 | False | 7.88 | 0.33 | 0.33 | 0.33 | 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 | 100.14 | NEUB 2024-58A D1 | 10/18/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 32876.15 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 500707.60 | 500707.60 | 707.60 | 707.60 | 6.57 | False | 6.56 | 0.33 | 0.33 | 0.33 | 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 | 99.39 | OBRAC 2024-1A D2 | 01/20/2038 8.259000% | 5 | 2 | 6 | 5 | N | True | 41295.00 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 496956.70 | 496956.70 | -3043.30 | -3043.30 | 8.31 | False | 8.34 | 0.33 | 0.33 | 0.33 | 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 | 101.44 | OBRAC 2024-1A E | 01/20/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 62551.20 | L | N | 6/30/2026 | C | 438;USD | USD | 600000.00 | 600000.00 | 600000.00 | 608611.02 | 608611.02 | 8611.02 | 8611.02 | 10.28 | False | 10.21 | 0.40 | 0.40 | 0.40 | 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 | 101.49 | OBRAC 2025-2A E | 07/20/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 76314.00 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 750000.00 | 750000.00 | 761196.90 | 761196.90 | 11196.90 | 11196.90 | 0.00 | False | -0.12 | 0.50 | 0.50 | 0.50 | 750000.00 | 674433AA | 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 | 99.86 | PLMRS 2022-3A D1R | 07/20/2037 7.219470% | 5 | 2 | 6 | 5 | N | True | 10070.35 | L | N | 6/30/2026 | C | 438;USD | USD | 152000.00 | 152684.00 | 152156.67 | 151786.04 | 151786.04 | -370.63 | -370.63 | 6.63 | False | 6.64 | 0.10 | 0.10 | 0.10 | 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 | 100.40 | PLMRS 2022-4A CR | 10/20/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 13938.08 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 250988.85 | 250988.85 | 988.85 | 988.85 | 5.55 | False | 5.53 | 0.17 | 0.16 | 0.17 | 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 | 100.46 | RAD 2023-19A D1R | 03/20/2038 7.673170% | 5 | 2 | 6 | 5 | N | True | 28100.92 | L | N | 6/30/2026 | C | 438;USD | USD | 400000.00 | 404600.00 | 402040.66 | 401832.72 | 401832.72 | -207.94 | -207.94 | 6.99 | True | 6.44 | 0.27 | 0.26 | 0.27 | 400000.00 | N.A. | 750104AW | 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 | 100.39 | BFLD 2024-UNIV D | 11/15/2029 7.408570% | 5 | 2 | 6 | 5 | N | True | 31581.45 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 498749.95 | 499120.07 | 501970.00 | 501970.00 | 2849.93 | 2849.93 | 6.29 | False | 6.19 | 0.33 | 0.33 | 0.33 | 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 | 100.63 | BX 2024-GPA2 D | 11/15/2029 7.246920% | 5 | 2 | 6 | 5 | N | True | 30292.89 | L | N | 6/30/2026 | C | 438;USD | USD | 487317.82 | 486099.53 | 486099.53 | 490410.10 | 490410.10 | 4310.57 | 4310.57 | 6.18 | False | 6.01 | 0.32 | 0.32 | 0.33 | 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 | 99.56 | BXMT 2025-FL5 C | 10/18/2042 7.265200% | 5 | 2 | 6 | 5 | N | True | 13164.76 | L | N | 6/30/2026 | C | 438;USD | USD | 200000.00 | 199500.00 | 199812.74 | 199124.82 | 199124.82 | -687.92 | -687.92 | 6.60 | False | 6.61 | 0.13 | 0.13 | 0.13 | 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 | 101.62 | CALI 2024-SUN D | 07/15/2041 8.946960% | 5 | 2 | 6 | 5 | N | True | 108583.80 | L | N | 6/30/2026 | C | 438;USD | USD | 1500000.00 | 1505937.50 | 1505847.25 | 1524372.45 | 1524372.45 | 18525.20 | 18525.20 | 7.12 | False | 7.06 | 1.01 | 1.00 | 1.01 | 1500000.00 | 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 | 100.57 | FMBT 2024-FBLU C | 12/15/2039 6.469180% | 5 | 2 | 6 | 5 | N | True | 14438.48 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 251414.55 | 251414.55 | 1414.55 | 1414.55 | 5.74 | False | 5.72 | 0.17 | 0.17 | 0.17 | 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 | 101.63 | FMBT 2024-FBLU D | 12/15/2039 6.919180% | 5 | 2 | 6 | 5 | N | True | 77817.38 | L | N | 6/30/2026 | C | 438;USD | USD | 1250000.00 | 1253593.75 | 1253530.32 | 1270353.88 | 1270353.88 | 16823.56 | 16823.56 | 6.13 | False | 6.05 | 0.84 | 0.83 | 0.84 | 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 | 101.04 | GWT 2024-WLF2 D | 05/15/2041 8.239450% | 5 | 2 | 6 | 5 | N | True | 78778.08 | L | N | 6/30/2026 | C | 438;USD | USD | 1200000.00 | 1201812.50 | 1201868.91 | 1212474.36 | 1212474.36 | 10605.45 | 10605.45 | 6.50 | False | 6.46 | 0.80 | 0.80 | 0.80 | 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 | 100.93 | GWT 2024-WOLF D | 03/15/2039 7.209180% | 5 | 2 | 6 | 5 | N | True | 78184.68 | L | N | 6/30/2026 | C | 438;USD | USD | 1200000.00 | 1203000.00 | 1202954.48 | 1211118.36 | 1211118.36 | 8163.88 | 8163.88 | 6.46 | False | 6.41 | 0.80 | 0.80 | 0.80 | 1200000.00 | 39152MAG | 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 | 100.56 | JW 2024-BERY C | 11/15/2039 6.992000% | 5 | 2 | 6 | 5 | N | True | 29336.95 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 498750.00 | 498840.62 | 502823.60 | 502823.60 | 3982.98 | 3982.98 | 5.83 | False | 5.81 | 0.33 | 0.33 | 0.33 | 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 | 16194.65 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 249375.00 | 249836.06 | 250156.25 | 250156.25 | 320.19 | 320.19 | 6.47 | True | 6.32 | 0.17 | 0.16 | 0.17 | 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 | 100.63 | MF1 2025-FL19 D | 05/18/2042 N.A.% | 5 | 2 | 6 | 5 | N | True | 53077.50 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 751875.00 | 751416.13 | 754687.50 | 754687.50 | 3271.37 | 3271.37 | 7.03 | True | 5.46 | 0.50 | 0.50 | 0.50 | 750000.00 | 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 | 100.52 | NYC 2024-3ELV D | 08/15/2029 9.168270% | 5 | 2 | 6 | 5 | N | True | 130614.05 | L | N | 6/30/2026 | C | 438;USD | USD | 1750000.00 | 1748437.45 | 1748437.45 | 1759071.65 | 1759071.65 | 10634.20 | 10634.20 | 7.43 | False | 7.28 | 1.16 | 1.16 | 1.17 | 1750000.00 | 62956HAG | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69381CAJ | PGA 2024-RSR2 C | 06/15/2039 8.089500% | 69381CAJ6 | UNGROUPED SECURITIES | CMBS | COMM MORT BACKED SEC | USA | UNITED STATES | USD | US DOLLAR | 6/15/2039 | 100.22 | PGA 2024-RSR2 C | 06/15/2026 8.089500% | 5 | 2 | 6 | 5 | N | True | 16037.23 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 249370.00 | 250000.00 | 250551.98 | 250551.98 | 551.98 | 551.98 | 6.40 | False | 6.39 | 0.17 | 0.16 | 0.17 | 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 | 98.96 | PGA 2024-RSR2 E | 06/15/2039 8.984510% | 5 | 2 | 6 | 5 | N | True | 18783.48 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 251718.75 | 251599.90 | 247400.88 | 247400.88 | -4199.03 | -4199.03 | 7.59 | False | 7.64 | 0.16 | 0.16 | 0.16 | 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 | 99.31 | SWCH 2025-DATA D | 03/15/2042 6.948550% | 5 | 2 | 6 | 5 | N | True | 14977.20 | L | N | 6/30/2026 | C | 438;USD | USD | 239000.00 | 237957.50 | 237957.50 | 237350.90 | 237350.90 | -606.60 | -606.60 | 6.31 | False | 6.34 | 0.16 | 0.16 | 0.16 | 239000.00 | 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 | 101.00 | TOWN 2025-STAY D | 03/15/2042 7.150000% | 5 | 2 | 6 | 5 | N | True | 16187.50 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 252498.18 | 252498.18 | 2498.18 | 2498.18 | 6.41 | False | 6.37 | 0.17 | 0.17 | 0.17 | 250000.00 | 46117WAG | 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 | 97.50 | AGL 2020-9A DR | 04/20/2037 7.875490% | 5 | 2 | 6 | 5 | N | True | 36126.15 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 503350.00 | 500000.00 | 487492.75 | 487492.75 | -12507.25 | -12507.25 | 7.41 | False | 7.56 | 0.32 | 0.32 | 0.32 | 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 | 99.29 | AGL 2024-33A D1 | 07/21/2037 6.469690% | 5 | 2 | 6 | 5 | N | True | 58249.26 | L | N | 6/30/2026 | C | 438;USD | USD | 900000.00 | 895500.00 | 897915.74 | 893617.65 | 893617.65 | -4298.09 | -4298.09 | 6.52 | False | 6.56 | 0.59 | 0.59 | 0.59 | 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 | 100.13 | AGL 2024-34A D1 | 01/22/2038 6.569200% | 5 | 2 | 6 | 5 | N | True | 62354.58 | L | N | 6/30/2026 | C | 438;USD | USD | 950000.00 | 946675.00 | 947957.89 | 951252.29 | 951252.29 | 3294.40 | 3294.40 | 6.55 | True | 6.32 | 0.63 | 0.62 | 0.63 | 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 | 99.50 | AGL 2025-42A E | 07/22/2038 8.819200% | 5 | 2 | 6 | 5 | N | True | 44068.20 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 498250.00 | 498689.02 | 497496.25 | 497496.25 | -1192.77 | -1192.77 | 8.86 | False | 8.88 | 0.33 | 0.33 | 0.33 | 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 | 102.27 | AHPT 2024-ATRM D | 11/10/2029 7.934874% | 5 | 2 | 6 | 5 | N | True | 79348.70 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1041992.19 | 1038354.63 | 1022712.20 | 1022712.20 | -15642.43 | -15642.43 | 7.51 | False | 6.91 | 0.68 | 0.67 | 0.68 | 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 | 100.59 | ANCHC 2026-36A C | 04/15/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 36694.91 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 653835.33 | 653835.33 | 3835.33 | 3835.33 | 0.00 | False | -0.05 | 0.43 | 0.43 | 0.43 | 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 | 100.13 | ANCHC 2026-36A D | 04/15/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 45469.91 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 650816.53 | 650816.53 | 816.53 | 816.53 | 0.00 | False | -0.01 | 0.43 | 0.43 | 0.43 | 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 | 100.50 | ANCHC 2026-37A C | 04/20/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 24951.38 | L | N | 6/30/2026 | C | 438;USD | USD | 441000.00 | 441000.00 | 441000.00 | 443208.18 | 443208.18 | 2208.18 | 2208.18 | 5.63 | False | 5.60 | 0.29 | 0.29 | 0.29 | 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 | 100.54 | ANCHC 2026-37A D | 04/20/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 50106.22 | L | N | 6/30/2026 | C | 438;USD | USD | 736000.00 | 736000.00 | 736000.00 | 739960.12 | 739960.12 | 3960.12 | 3960.12 | 6.77 | False | 6.75 | 0.49 | 0.49 | 0.49 | 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 | 100.37 | ANCHF 2020-12A D | 10/25/2038 5.927000% | 5 | 2 | 6 | 5 | N | True | 59270.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 995000.00 | 1000000.00 | 1003709.10 | 1003709.10 | 3709.10 | 3709.10 | 5.91 | False | 5.88 | 0.66 | 0.66 | 0.67 | 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 | 99.64 | ANTR 2021-1A CR | 10/25/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 21999.71 | L | N | 6/30/2026 | C | 438;USD | USD | 375000.00 | 375000.00 | 375000.00 | 373631.25 | 373631.25 | -1368.75 | -1368.75 | 5.89 | False | 5.91 | 0.25 | 0.25 | 0.25 | 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 | 98.82 | ANTR 2021-1A DR | 10/25/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 34332.95 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 494120.00 | 494120.00 | -5880.00 | -5880.00 | 6.95 | False | 7.01 | 0.33 | 0.32 | 0.33 | 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 | 100.05 | AOA 2025-1301 D | 08/11/2030 6.430113% | 5 | 2 | 6 | 5 | N | True | 16075.28 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 250117.28 | 250117.28 | 117.28 | 117.28 | 6.22 | False | 6.21 | 0.17 | 0.16 | 0.17 | 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 | 102.25 | AVCCT 2024-1A D | 04/15/2030 8.800000% | 5 | 2 | 6 | 5 | N | True | 84832.00 | L | N | 6/30/2026 | C | 438;USD | USD | 964000.00 | 975447.50 | 974668.71 | 985729.14 | 985729.14 | 11060.43 | 11060.43 | 8.61 | False | 8.11 | 0.65 | 0.65 | 0.65 | 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 | 103.16 | BAHA 2024-MAR C | 12/10/2041 7.766316% | 5 | 2 | 6 | 5 | N | True | 77663.20 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1052578.13 | 1051929.80 | 1031646.10 | 1031646.10 | -20283.70 | -20283.70 | 7.29 | False | 7.18 | 0.68 | 0.68 | 0.68 | 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 | 100.44 | BAR 2026-FL1 AS | 08/20/2043 5.550000% | 5 | 2 | 6 | 5 | N | True | 27445.15 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 502187.50 | 502187.50 | 2187.50 | 2187.50 | 5.43 | True | 5.25 | 0.33 | 0.33 | 0.33 | 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 | 100.69 | BAR 2026-FL1 B | 08/20/2043 5.800000% | 5 | 2 | 6 | 5 | N | True | 28695.15 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 503437.50 | 503437.50 | 3437.50 | 3437.50 | 5.66 | True | 5.38 | 0.33 | 0.33 | 0.33 | 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 | 100.37 | BATLN 2024-25A BR | 03/13/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 18988.31 | L | N | 6/30/2026 | C | 438;USD | USD | 350000.00 | 350000.00 | 350000.00 | 351295.35 | 351295.35 | 1295.35 | 1295.35 | 5.41 | False | 5.38 | 0.23 | 0.23 | 0.23 | 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 | 100.43 | BATLN 2024-25A CR | 03/13/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 20213.31 | L | N | 6/30/2026 | C | 438;USD | USD | 350000.00 | 350000.00 | 350000.00 | 351503.15 | 351503.15 | 1503.15 | 1503.15 | 5.75 | False | 5.72 | 0.23 | 0.23 | 0.23 | 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 | 100.51 | BATLN 2026-31A C | 04/20/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 22524.88 | L | N | 6/30/2026 | C | 438;USD | USD | 400000.00 | 400000.00 | 400000.00 | 402042.48 | 402042.48 | 2042.48 | 2042.48 | 5.60 | False | 5.58 | 0.27 | 0.26 | 0.27 | 400000.00 | 07135CAG | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 07090BAG | BATLN 2026-32A D1 | 07/20/2039 N.A.% | 07090BAG6 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | CAY | CAYMAN ISLANDS | USD | US DOLLAR | 7/20/2039 | 100.32 | BATLN 2026-32A D1 | 07/20/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 6186.92 | L | N | 6/30/2026 | C | 438;USD | USD | 92000.00 | 92000.00 | 92000.00 | 92289.80 | 92289.80 | 289.80 | 289.80 | 0.00 | False | -0.02 | 0.06 | 0.06 | 0.06 | 92000.00 | 07090BAG | 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 | 98.58 | BCC 2022-5A DRR | 01/24/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 24626.59 | L | N | 6/30/2026 | C | 438;USD | USD | 375000.00 | 375000.00 | 375000.00 | 369656.96 | 369656.96 | -5343.04 | -5343.04 | 6.66 | False | 6.75 | 0.24 | 0.24 | 0.25 | 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 | 100.12 | BCC 2023-2A D1R | 07/18/2038 6.517630% | 5 | 2 | 6 | 5 | N | True | 65252.30 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 998750.00 | 998750.00 | 1001166.70 | 1001166.70 | 2416.70 | 2416.70 | 6.52 | True | 6.43 | 0.66 | 0.66 | 0.66 | 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 | 100.49 | BCC 2026-2A C | 04/26/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 36463.44 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 653175.90 | 653175.90 | 3175.90 | 3175.90 | 0.00 | True | -0.26 | 0.43 | 0.43 | 0.43 | 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 | 99.98 | BCC 2026-2A D1 | 04/26/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 44913.44 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 649898.99 | 649898.99 | -101.01 | -101.01 | 0.00 | False | 0.00 | 0.43 | 0.43 | 0.43 | 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 | 100.20 | BDS 2025-FL14 D | 10/17/2042 6.167240% | 5 | 2 | 6 | 5 | N | True | 46042.73 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 749531.25 | 749531.25 | 751513.28 | 751513.28 | 1982.03 | 1982.03 | 6.10 | True | 5.94 | 0.50 | 0.49 | 0.50 | 750000.00 | 072921AS | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 05556EAJ | BDS 2025-FL15 D | 03/19/2043 6.076720% | 05556EAJ5 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 3/19/2043 | 100.06 | BDS 2025-FL15 D | 03/19/2043 6.076720% | 5 | 2 | 6 | 5 | N | True | 60390.30 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000625.00 | 1000560.11 | 1000619.20 | 1000619.20 | 59.09 | 59.09 | 6.01 | True | 5.98 | 0.66 | 0.66 | 0.66 | 1000000.00 | 05556EAJ | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 05494WAE | BDS 2026-FL17 B | 05/19/2043 5.450000% | 05494WAE1 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 5/19/2043 | 99.83 | BDS 2026-FL17 B | 05/19/2043 5.450000% | 5 | 2 | 6 | 5 | N | True | 13923.92 | L | N | 6/30/2026 | C | 438;USD | USD | 256000.00 | 256000.00 | 256000.00 | 255564.70 | 255564.70 | -435.30 | -435.30 | 5.46 | False | 5.47 | 0.17 | 0.17 | 0.17 | 256000.00 | 05494WAE | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 05494WAL | BDS 2026-FL17 C | 05/19/2043 5.600000% | 05494WAL5 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 5/19/2043 | 100.06 | BDS 2026-FL17 C | 05/19/2043 5.600000% | 5 | 2 | 6 | 5 | N | True | 18052.57 | L | N | 6/30/2026 | C | 438;USD | USD | 323000.00 | 323000.00 | 323000.00 | 323200.26 | 323200.26 | 200.26 | 200.26 | 5.60 | True | 5.57 | 0.21 | 0.21 | 0.21 | 323000.00 | 05494WAL | 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 | 100.18 | BHMS 2025-ATLS C | 08/15/2042 7.650000% | 5 | 2 | 6 | 5 | N | True | 51940.43 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 750000.00 | 750000.00 | 751322.40 | 751322.40 | 1322.40 | 1322.40 | 6.91 | False | 6.91 | 0.50 | 0.49 | 0.50 | 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 | 99.22 | BOBA 2023-1A D2RR | 04/20/2036 N.A.% | 5 | 2 | 6 | 5 | N | True | 19813.08 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 248053.68 | 248053.68 | -1946.33 | -1946.33 | 7.99 | False | 8.04 | 0.16 | 0.16 | 0.16 | 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 | 101.97 | BRAVO 2023-NQM5 A1 | 06/25/2063 6.505000% | 5 | 2 | 6 | 5 | N | True | 8170.53 | L | N | 6/30/2026 | C | 438;USD | USD | 125603.83 | 125844.24 | 125641.00 | 128078.55 | 128078.55 | 2437.55 | 2437.55 | 6.38 | True | -21.43 | 0.08 | 0.08 | 0.08 | 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 | 100.12 | BSPDF 2026-FL3 B | 09/18/2043 5.600000% | 5 | 2 | 6 | 5 | N | True | 55871.80 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 1001245.00 | 1001245.00 | 1245.00 | 1245.00 | 5.57 | True | 5.52 | 0.66 | 0.66 | 0.66 | 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 | 100.19 | BSPDF 2026-FL3 C | 09/18/2043 5.750000% | 5 | 2 | 6 | 5 | N | True | 57371.80 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 1001875.00 | 1001875.00 | 1875.00 | 1875.00 | 5.71 | True | 5.64 | 0.66 | 0.66 | 0.66 | 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 | 99.90 | BSPDF 2026-FL3 D | 09/18/2043 6.400000% | 5 | 2 | 6 | 5 | N | True | 63871.80 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 999026.70 | 999026.70 | -973.30 | -973.30 | 6.38 | False | 6.38 | 0.66 | 0.66 | 0.66 | 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 | 100.31 | BSPRT 2025-FL12 C | 01/17/2043 6.297000% | 5 | 2 | 6 | 5 | N | True | 14583.48 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 249375.00 | 249552.10 | 250781.25 | 250781.25 | 1229.15 | 1229.15 | 5.80 | True | 5.64 | 0.17 | 0.16 | 0.17 | 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 | 99.94 | BSPRT 2025-FL12 D | 01/17/2043 6.796000% | 5 | 2 | 6 | 5 | N | True | 12664.78 | L | N | 6/30/2026 | C | 438;USD | USD | 200000.00 | 199500.00 | 199641.03 | 199875.00 | 199875.00 | 233.97 | 233.97 | 6.33 | False | 6.33 | 0.13 | 0.13 | 0.13 | 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 | 100.43 | BX 2025-COPT C | 09/15/2042 6.850000% | 5 | 2 | 6 | 5 | N | True | 15313.48 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 251073.60 | 251073.60 | 1073.60 | 1073.60 | 6.10 | False | 6.08 | 0.17 | 0.16 | 0.17 | 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 | 100.57 | BX 2025-COPT D | 09/15/2042 7.600000% | 5 | 2 | 6 | 5 | N | True | 82504.68 | L | N | 6/30/2026 | C | 438;USD | USD | 1200000.00 | 1203500.00 | 1203464.55 | 1206827.28 | 1206827.28 | 3362.73 | 3362.73 | 6.84 | False | 6.82 | 0.80 | 0.79 | 0.80 | 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 | 100.93 | BX 2025-GW D | 07/15/2042 6.410000% | 5 | 2 | 6 | 5 | N | True | 63750.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1005000.00 | 1004937.00 | 1009258.50 | 1009258.50 | 4321.50 | 4321.50 | 6.32 | False | 6.29 | 0.67 | 0.66 | 0.67 | 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 | 100.54 | BX 2025-VLT6 D | 03/15/2042 6.251240% | 5 | 2 | 6 | 5 | N | True | 68386.78 | L | N | 6/30/2026 | C | 438;USD | USD | 1100000.00 | 1098968.75 | 1098968.75 | 1105931.97 | 1105931.97 | 6963.22 | 6963.22 | 6.18 | False | 6.16 | 0.73 | 0.73 | 0.73 | 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 | 101.05 | BX 2025-VLT7 D | 07/15/2044 6.909650% | 5 | 2 | 6 | 5 | N | True | 51565.43 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 754218.75 | 754174.91 | 757883.03 | 757883.03 | 3708.12 | 3708.12 | 6.80 | False | 6.78 | 0.50 | 0.50 | 0.50 | 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 | 100.11 | CGMS 2021-7A D1R | 04/15/2040 6.672190% | 5 | 2 | 6 | 5 | N | True | 33365.50 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 501250.00 | 500853.39 | 500554.60 | 500554.60 | -298.79 | -298.79 | 6.67 | True | 6.53 | 0.33 | 0.33 | 0.33 | 500000.00 | N.A. | 14316WAU | N | MP | |||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 14318VAS | CGMS 2024-2A DR | 04/25/2039 N.A.% | 14318VAS8 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | CAY | CAYMAN ISLANDS | USD | US DOLLAR | 4/25/2039 | 100.03 | CGMS 2024-2A DR | 04/25/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 39324.48 | L | N | 6/30/2026 | C | 438;USD | USD | 600000.00 | 600000.00 | 600000.00 | 600150.90 | 600150.90 | 150.90 | 150.90 | 6.55 | False | 6.55 | 0.40 | 0.39 | 0.40 | 600000.00 | 14318VAS | 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 | 97.70 | CHI 2025-110W D | 12/13/2040 6.628600% | 5 | 2 | 6 | 5 | N | True | 91342.11 | L | N | 6/30/2026 | C | 438;USD | USD | 1378000.00 | 1386153.13 | 1386060.20 | 1346298.42 | 1346298.42 | -39761.78 | -39761.78 | 6.78 | False | 6.88 | 0.89 | 0.88 | 0.89 | 1378000.00 | 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 | 99.69 | CHMML 2023-3A BR | 04/20/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 12094.27 | L | N | 6/30/2026 | C | 438;USD | USD | 225000.00 | 225000.00 | 225000.00 | 224299.73 | 224299.73 | -700.27 | -700.27 | 5.39 | False | 5.41 | 0.15 | 0.15 | 0.15 | 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 | 99.49 | CHMML 2023-3A CR | 04/20/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 41033.69 | L | N | 6/30/2026 | C | 438;USD | USD | 736000.00 | 736000.00 | 736000.00 | 732233.45 | 732233.45 | -3766.55 | -3766.55 | 5.60 | False | 5.63 | 0.48 | 0.48 | 0.49 | 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 | 100.56 | CIFC 2022-5A CR2 | 03/16/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 19878.32 | L | N | 6/30/2026 | C | 438;USD | USD | 350000.00 | 350000.00 | 350000.00 | 351964.10 | 351964.10 | 1964.10 | 1964.10 | 5.65 | False | 5.61 | 0.23 | 0.23 | 0.23 | 350000.00 | N.A. | 12572GBE | N | MP | |||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 14855UAA | CLAST 2026-2A A | 04/15/2051 5.333000% | 14855UAA8 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 4/15/2051 | 99.19 | CLAST 2026-2A A | 04/15/2051 5.333000% | 5 | 2 | 6 | 5 | N | True | 18742.27 | L | N | 6/30/2026 | C | 438;USD | USD | 351439.52 | 351435.24 | 351435.24 | 348580.21 | 348580.21 | -2855.03 | -2855.03 | 5.38 | False | 5.39 | 0.23 | 0.23 | 0.23 | 360000.00 | 14855UAA | 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 | 98.98 | CNSL 2026-1A A2 | 03/20/2056 5.079000% | 5 | 2 | 6 | 5 | N | True | 50739.21 | L | N | 6/30/2026 | C | 438;USD | USD | 999000.00 | 998957.84 | 998957.84 | 988838.77 | 988838.77 | -10119.07 | -10119.07 | 5.13 | False | 5.15 | 0.65 | 0.65 | 0.66 | 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 | 98.21 | CNSL 2026-1A B | 03/20/2056 5.422000% | 5 | 2 | 6 | 5 | N | True | 54165.78 | L | N | 6/30/2026 | C | 438;USD | USD | 999000.00 | 998982.52 | 998982.52 | 981136.98 | 981136.98 | -17845.54 | -17845.54 | 5.52 | False | 5.54 | 0.65 | 0.64 | 0.65 | 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 | 100.52 | CQS 2026-6A D1 | 03/31/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 68806.80 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 1005228.50 | 1005228.50 | 5228.50 | 5228.50 | 6.84 | False | 6.82 | 0.67 | 0.66 | 0.67 | 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 | 102.81 | CROSS 2023-H1 A1 | 03/25/2068 6.615000% | 5 | 2 | 6 | 5 | N | True | 9443.21 | L | N | 6/30/2026 | C | 438;USD | USD | 142754.57 | 143161.64 | 142817.46 | 146766.10 | 146766.10 | 3948.64 | 3948.64 | 6.43 | True | -32.90 | 0.10 | 0.10 | 0.10 | 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 | 100.37 | CROSS 2025-H5 A1 | 07/25/2070 5.509000% | 5 | 2 | 6 | 5 | N | True | 44257.76 | L | N | 6/30/2026 | C | 438;USD | USD | 803372.00 | 811154.67 | 810096.73 | 806333.87 | 806333.87 | -3762.86 | -3762.86 | 5.49 | True | 5.31 | 0.53 | 0.53 | 0.53 | 1000000.00 | 227920AA | 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 | 99.02 | CROSS 2026-NQM2 A3 | 03/25/2061 5.239000% | 5 | 2 | 6 | 5 | N | True | 50718.45 | L | N | 6/30/2026 | C | 438;USD | USD | 968094.14 | 968075.75 | 968075.75 | 958644.28 | 958644.28 | -9431.47 | -9431.47 | 5.29 | False | 5.30 | 0.63 | 0.63 | 0.64 | 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 | 101.46 | DBC 2025-DBC D | 06/15/2038 6.650000% | 5 | 2 | 6 | 5 | N | True | 9339.00 | L | N | 6/30/2026 | C | 438;USD | USD | 150000.00 | 150000.00 | 150000.00 | 152189.75 | 152189.75 | 2189.75 | 2189.75 | 6.14 | False | 6.06 | 0.10 | 0.10 | 0.10 | 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 | 99.89 | DPCCLO 2026-2A B | 04/15/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 36820.88 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 649257.51 | 649257.51 | -742.50 | -742.50 | 0.00 | False | 0.01 | 0.43 | 0.43 | 0.43 | 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 | 100.15 | ELM31 2024-7A D1 | 07/17/2037 6.467630% | 5 | 2 | 6 | 5 | N | True | 48602.85 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 735000.00 | 748213.36 | 751106.78 | 751106.78 | 2893.42 | 2893.42 | 6.47 | True | 3.31 | 0.50 | 0.49 | 0.50 | 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 | 100.71 | ELM48 2026-2A D | 04/20/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 33843.60 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 503530.55 | 503530.55 | 3530.55 | 3530.55 | 6.72 | False | 6.69 | 0.33 | 0.33 | 0.33 | 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 | 99.85 | ELMW7 2020-4A D1RR | 10/17/2037 6.767630% | 5 | 2 | 6 | 5 | N | True | 67803.80 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 983750.00 | 991905.84 | 998528.30 | 998528.30 | 6622.46 | 6622.46 | 6.79 | False | 6.80 | 0.66 | 0.66 | 0.66 | 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 | 98.96 | FCBSL 2023-3A DR | 01/23/2037 6.621020% | 5 | 2 | 6 | 5 | N | True | 33080.30 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 494820.35 | 494820.35 | -5179.65 | -5179.65 | 6.69 | False | 6.75 | 0.33 | 0.33 | 0.33 | 500000.00 | N.A. | 349936AS | N | MP | |||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 34966EAQ | FCBSL 2024-1A BR | 04/24/2037 N.A.% | 34966EAQ3 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | JE | JERSEY | USD | US DOLLAR | 4/24/2037 | 100.33 | FCBSL 2024-1A BR | 04/24/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 13534.88 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 250813.83 | 250813.83 | 813.83 | 813.83 | 5.40 | False | 5.37 | 0.17 | 0.16 | 0.17 | 250000.00 | 34966EAQ | 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 | 100.33 | FCBSL 2024-3A B | 10/23/2037 5.621020% | 5 | 2 | 6 | 5 | N | True | 28080.30 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 501750.00 | 500796.20 | 501656.95 | 501656.95 | 860.75 | 860.75 | 5.60 | True | 4.56 | 0.33 | 0.33 | 0.33 | 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 | 101.38 | FFIN 2024-2A D | 03/15/2050 6.590000% | 5 | 2 | 6 | 5 | N | True | 48691.14 | L | N | 6/30/2026 | C | 438;USD | USD | 738864.07 | 761029.99 | 759283.75 | 749090.61 | 749090.61 | -10193.14 | -10193.14 | 6.50 | True | 6.18 | 0.50 | 0.49 | 0.50 | 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 | 97.60 | M | FFIN 2025-1A E | 04/15/2050 8.370000% | 5 | 2 | 6 | 5 | N | True | 88641.96 | L | N | 6/30/2026 | C | 438;USD | USD | 1059043.68 | 1073870.30 | 1073106.02 | 1033631.71 | 1033631.71 | -39474.31 | -39474.31 | 8.58 | False | 8.61 | 0.68 | 0.68 | 0.69 | 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 | 100.94 | FFIN 2025-3A E | 08/15/2052 8.420000% | 5 | 2 | 6 | 5 | N | True | 55066.80 | L | N | 6/30/2026 | C | 438;USD | USD | 654000.00 | 669379.22 | 668657.43 | 660123.40 | 660123.40 | -8534.03 | -8534.03 | 8.34 | True | 8.22 | 0.44 | 0.43 | 0.44 | 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 | 100.09 | GARNET 2025-4A E | 01/20/2039 8.658910% | 5 | 2 | 6 | 5 | N | True | 43294.55 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 501250.00 | 501021.57 | 500469.35 | 500469.35 | -552.22 | -552.22 | 8.65 | True | 8.59 | 0.33 | 0.33 | 0.33 | 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 | 99.78 | GOCAP 2020-49A A1R2 | 07/20/2038 5.187630% | 5 | 2 | 6 | 5 | N | True | 36366.61 | L | N | 6/30/2026 | C | 438;USD | USD | 700000.00 | 700945.00 | 700745.44 | 698432.56 | 698432.56 | -2312.88 | -2312.88 | 5.21 | False | 5.22 | 0.46 | 0.46 | 0.46 | 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 | 100.02 | M | GPIF 2025-1A D | 08/15/2028 N.A.% | 5 | 2 | 6 | 5 | N | True | 60692.55 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 750000.00 | 750000.00 | 750159.53 | 750159.53 | 159.53 | 159.53 | 8.09 | False | 8.08 | 0.50 | 0.49 | 0.50 | 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 | 101.97 | GSMBS 2025-PJ7 A1 | 12/25/2055 6.000000% | 5 | 2 | 6 | 5 | N | True | 19552.92 | L | N | 6/30/2026 | C | 438;USD | USD | 325881.97 | 326696.68 | 326654.44 | 332297.77 | 332297.77 | 5643.33 | 5643.33 | 5.88 | True | 5.77 | 0.22 | 0.22 | 0.22 | 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 | 100.19 | GSREFT 2026-FL1 B | 04/19/2043 5.670000% | 5 | 2 | 6 | 5 | N | True | 28195.15 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 500937.50 | 500937.50 | 937.50 | 937.50 | 5.60 | True | 5.52 | 0.33 | 0.33 | 0.33 | 500000.00 | 36274DAE | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 43284KAD | HGVT 2026-1A D | 02/25/2043 7.210000% | 43284KAD4 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 2/25/2043 | 100.85 | HGVT 2026-1A D | 02/25/2043 7.210000% | 5 | 2 | 6 | 5 | N | True | 96407.43 | L | N | 6/30/2026 | C | 438;USD | USD | 1337134.94 | 1337062.46 | 1337062.47 | 1348541.63 | 1348541.63 | 11479.16 | 11479.16 | 7.15 | True | 7.04 | 0.89 | 0.89 | 0.89 | 1500000.00 | 43284KAD | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 40446RAE | HLTN 2026-DPLO C | 04/15/2041 5.910000% | 40446RAE8 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 4/15/2041 | 100.57 | HLTN 2026-DPLO C | 04/15/2041 5.910000% | 5 | 2 | 6 | 5 | N | True | 29376.95 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 502836.70 | 502836.70 | 2836.70 | 2836.70 | 5.84 | False | 5.82 | 0.33 | 0.33 | 0.33 | 500000.00 | 40446RAE | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 40446RAG | HLTN 2026-DPLO D | 04/15/2041 6.410000% | 40446RAG3 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 4/15/2041 | 100.69 | HLTN 2026-DPLO D | 04/15/2041 6.410000% | 5 | 2 | 6 | 5 | N | True | 31876.95 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 503433.40 | 503433.40 | 3433.40 | 3433.40 | 6.33 | False | 6.31 | 0.33 | 0.33 | 0.33 | 500000.00 | 40446RAG | 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 | 100.71 | HOMES 2024-NQM1 A1 | 07/25/2069 5.915000% | 5 | 2 | 6 | 5 | N | True | 11852.41 | L | N | 6/30/2026 | C | 438;USD | USD | 200378.90 | 202335.72 | 201850.88 | 201801.49 | 201801.49 | -49.39 | -49.39 | 5.87 | True | 5.23 | 0.13 | 0.13 | 0.13 | 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 | 100.31 | JPMCC 2025-PHNY C | 01/15/2041 6.293000% | 5 | 2 | 6 | 5 | N | True | 18505.17 | L | N | 6/30/2026 | C | 438;USD | USD | 300000.00 | 299250.00 | 299250.00 | 300940.02 | 300940.02 | 1690.02 | 1690.02 | 6.15 | False | 6.14 | 0.20 | 0.20 | 0.20 | 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 | 100.35 | JPMCC 2025-PHNY D | 01/15/2041 6.942000% | 5 | 2 | 6 | 5 | N | True | 68173.90 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1002750.00 | 1002697.67 | 1003450.70 | 1003450.70 | 753.03 | 753.03 | 6.80 | False | 6.78 | 0.66 | 0.66 | 0.67 | 1000000.00 | 46592UAG | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 46658NAC | JPMMT 2024-CCM1 A3 | 04/25/2055 5.500000% | 46658NAC1 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 4/1/2055 | 100.56 | JPMMT 2024-CCM1 A3 | 04/25/2055 5.500000% | 5 | 2 | 6 | 5 | N | True | 26615.76 | L | N | 6/30/2026 | C | 438;USD | USD | 483922.93 | 482713.12 | 482713.12 | 486644.99 | 486644.99 | 3931.87 | 3931.87 | 5.47 | True | 5.34 | 0.32 | 0.32 | 0.32 | 857000.00 | 46658NAC | 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 | 101.49 | JW 2024-BERY D | 11/15/2039 6.463510% | 5 | 2 | 6 | 5 | N | True | 76996.68 | L | N | 6/30/2026 | C | 438;USD | USD | 1200000.00 | 1204500.00 | 1204438.97 | 1217914.80 | 1217914.80 | 13475.83 | 13475.83 | 6.32 | False | 6.25 | 0.81 | 0.80 | 0.81 | 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 | 100.57 | KKR 2026-63A C | 04/20/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 57242.90 | L | N | 6/30/2026 | C | 438;USD | USD | 999000.00 | 999000.00 | 999000.00 | 1004710.78 | 1004710.78 | 5710.78 | 5710.78 | 5.70 | False | 5.67 | 0.66 | 0.66 | 0.67 | 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 | 100.36 | KKR 27A CR2 | 01/15/2035 5.572190% | 5 | 2 | 6 | 5 | N | True | 16161.99 | L | N | 6/30/2026 | C | 438;USD | USD | 290000.00 | 290000.00 | 290000.00 | 291029.99 | 291029.99 | 1029.99 | 1029.99 | 5.55 | False | 5.52 | 0.19 | 0.19 | 0.19 | 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 | 90.98 | KKR 31A E | 04/20/2034 10.39924% | 5 | 2 | 6 | 5 | N | True | 31220.40 | L | N | 6/30/2026 | C | 438;USD | USD | 300000.00 | 276000.00 | 300000.00 | 272945.55 | 272945.55 | -27054.45 | -27054.45 | 11.44 | False | 12.20 | 0.18 | 0.18 | 0.18 | 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 | 100.47 | KKR 38A D1R | 01/15/2038 6.928790% | 5 | 2 | 6 | 5 | N | True | 34615.50 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 501000.00 | 500595.01 | 502336.20 | 502336.20 | 1741.19 | 1741.19 | 6.90 | True | 6.06 | 0.33 | 0.33 | 0.33 | 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 | 100.50 | KKR 49A D1R | 10/20/2037 7.569470% | 5 | 2 | 6 | 5 | N | True | 17438.08 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 251000.00 | 250232.16 | 251243.48 | 251243.48 | 1011.32 | 1011.32 | 6.94 | True | 5.35 | 0.17 | 0.17 | 0.17 | 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 | 100.38 | KLLM 5A BR | 07/22/2037 5.669200% | 5 | 2 | 6 | 5 | N | True | 56636.40 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1001000.00 | 1000156.87 | 1003767.00 | 1003767.00 | 3610.13 | 3610.13 | 5.64 | True | -0.49 | 0.66 | 0.66 | 0.67 | 1000000.00 | N.A. | 37148XAE | N | MP | |||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 48275LAA | KRE 2026-ICNA A | 05/15/2043 5.500000% | 48275LAA8 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 5/15/2043 | 100.26 | KRE 2026-ICNA A | 05/15/2043 5.500000% | 5 | 2 | 6 | 5 | N | True | 35863.80 | L | N | 6/30/2026 | C | 438;USD | USD | 655000.00 | 655000.00 | 655000.00 | 656676.81 | 656676.81 | 1676.81 | 1676.81 | 5.46 | False | 5.45 | 0.43 | 0.43 | 0.44 | 655000.00 | 48275LAA | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 48269AAE | KSL 2026-HT3 C | 06/15/2043 5.650000% | 48269AAE2 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 6/15/2043 | 100.36 | KSL 2026-HT3 C | 06/15/2043 5.650000% | 5 | 2 | 6 | 5 | N | True | 28193.50 | L | N | 6/30/2026 | C | 438;USD | USD | 499000.00 | 499000.00 | 499000.00 | 500808.38 | 500808.38 | 1808.38 | 1808.38 | 5.63 | False | 5.62 | 0.33 | 0.33 | 0.33 | 499000.00 | 48269AAE | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 48269AAG | KSL 2026-HT3 D | 06/15/2043 6.350000% | 48269AAG7 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 6/15/2043 | 100.32 | KSL 2026-HT3 D | 06/15/2043 6.350000% | 5 | 2 | 6 | 5 | N | True | 15875.00 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 250796.53 | 250796.53 | 796.53 | 796.53 | 6.33 | False | 6.32 | 0.17 | 0.16 | 0.17 | 250000.00 | 48269AAG | 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 | 100.19 | LMRK 2025-1A B | 09/15/2055 6.200000% | 5 | 2 | 6 | 5 | N | True | 18600.00 | L | N | 6/30/2026 | C | 438;USD | USD | 300000.00 | 299951.64 | 299951.64 | 300561.90 | 300561.90 | 610.26 | 610.26 | 6.19 | False | 6.19 | 0.20 | 0.20 | 0.20 | 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 | 99.92 | LPATH 2026-1A A2 | 03/25/2056 5.597000% | 5 | 2 | 6 | 5 | N | True | 55970.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1005396.16 | 1004894.55 | 999184.20 | 999184.20 | -5710.35 | -5710.35 | 5.60 | False | 5.60 | 0.66 | 0.66 | 0.66 | 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 | 99.86 | LS 2026-HTL6 C | 12/15/2040 5.870000% | 5 | 2 | 6 | 5 | N | True | 51787.72 | L | N | 6/30/2026 | C | 438;USD | USD | 889000.00 | 889036.26 | 889032.94 | 887787.05 | 887787.05 | -1245.89 | -1245.89 | 5.83 | False | 5.84 | 0.59 | 0.58 | 0.59 | 889000.00 | 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 | 100.17 | LS 2026-HTL6 D | 12/15/2040 6.870000% | 5 | 2 | 6 | 5 | N | True | 44365.04 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 651250.00 | 651235.57 | 651125.67 | 651125.67 | -109.90 | -109.90 | 6.82 | False | 6.81 | 0.43 | 0.43 | 0.43 | 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 | 100.53 | MDPK 2022-62A CR2 | 07/16/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 14198.80 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 251330.03 | 251330.03 | 1330.03 | 1330.03 | 5.65 | False | 5.62 | 0.17 | 0.17 | 0.17 | 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 | 100.52 | MFIT 2024-AA D | 09/22/2036 6.770000% | 5 | 2 | 6 | 5 | N | True | 7582.40 | L | N | 6/30/2026 | C | 438;USD | USD | 112000.00 | 114174.38 | 113640.35 | 112585.61 | 112585.61 | -1054.74 | -1054.74 | 6.73 | True | 6.29 | 0.07 | 0.07 | 0.07 | 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 | 99.30 | MFIT 2025-BA D | 11/22/2038 5.840000% | 5 | 2 | 6 | 5 | N | True | 29200.00 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 509121.09 | 507928.57 | 496487.90 | 496487.90 | -11440.67 | -11440.67 | 5.88 | False | 5.92 | 0.33 | 0.33 | 0.33 | 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 | 100.65 | MFRA 2024-NQM1 A1 | 03/25/2069 6.579000% | 5 | 2 | 6 | 5 | N | True | 10055.55 | L | N | 6/30/2026 | C | 438;USD | USD | 152843.14 | 154873.09 | 154260.46 | 153830.97 | 153830.97 | -429.49 | -429.49 | 6.54 | True | 5.77 | 0.10 | 0.10 | 0.10 | 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 | 97.36 | MIDO 2023-12A ERR | 07/18/2038 10.82900% | 5 | 2 | 6 | 5 | N | True | 25438.00 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250625.00 | 250345.22 | 243408.38 | 243408.38 | -6936.85 | -6936.85 | 10.45 | False | 10.56 | 0.16 | 0.16 | 0.16 | 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 | 100.44 | MIDO 2024-14A DR | 04/15/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 35530.60 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 502185.35 | 502185.35 | 2185.35 | 2185.35 | 7.08 | False | 7.05 | 0.33 | 0.33 | 0.33 | 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 | 100.11 | MIDO 2025-21A D1 | 10/20/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 8094.04 | L | N | 6/30/2026 | C | 438;USD | USD | 125000.00 | 125000.00 | 125000.00 | 125139.90 | 125139.90 | 139.90 | 139.90 | 6.47 | False | 6.46 | 0.08 | 0.08 | 0.08 | 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 | 100.77 | MKTST 2025-2A D1 | 03/20/2038 7.133740% | 5 | 2 | 6 | 5 | N | True | 51939.23 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 751875.00 | 751527.58 | 755772.98 | 755772.98 | 4245.40 | 4245.40 | 7.08 | True | 6.61 | 0.50 | 0.50 | 0.50 | 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 | 100.68 | MNET 2026-1A C | 04/20/2056 7.100000% | 5 | 2 | 6 | 5 | N | True | 35500.00 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 494335.90 | 494833.94 | 503414.65 | 503414.65 | 8580.71 | 8580.71 | 7.05 | True | 6.83 | 0.33 | 0.33 | 0.33 | 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 | 100.51 | MONTPK 2026-1A D1 | 04/24/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 68700.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 1005137.20 | 1005137.20 | 5137.20 | 5137.20 | 6.83 | False | 6.81 | 0.66 | 0.66 | 0.67 | 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 | 101.59 | MPOWR 2025-A A | 07/21/2042 6.620000% | 5 | 2 | 6 | 5 | N | True | 51604.59 | L | N | 6/30/2026 | C | 438;USD | USD | 779525.57 | 805590.96 | 805272.07 | 791936.55 | 791936.55 | -13335.52 | -13335.52 | 6.52 | False | 6.46 | 0.52 | 0.52 | 0.53 | 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 | 99.00 | NALP 2026-1 A | 06/26/2051 5.720000% | 5 | 2 | 6 | 5 | N | True | 49849.58 | L | N | 6/30/2026 | C | 438;USD | USD | 871496.17 | 877760.05 | 877723.33 | 862796.98 | 862796.98 | -14926.35 | -14926.35 | 5.78 | False | 5.80 | 0.57 | 0.57 | 0.57 | 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 | 98.36 | NALP 2026-1 B | 06/26/2051 7.180000% | 5 | 2 | 6 | 5 | N | True | 31318.03 | L | N | 6/30/2026 | C | 438;USD | USD | 436184.27 | 436070.56 | 436070.56 | 429018.33 | 429018.33 | -7052.23 | -7052.23 | 7.30 | False | 7.32 | 0.28 | 0.28 | 0.28 | 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 | 100.91 | NAVS 2025-4A D1 | 10/15/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 17307.75 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 252278.35 | 252278.35 | 2278.35 | 2278.35 | 6.86 | False | 6.81 | 0.17 | 0.17 | 0.17 | 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 | 99.93 | NAVS 2026-6A D1 | 04/15/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 74569.80 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 999260.20 | 999260.20 | -739.80 | -739.80 | 7.46 | False | 7.47 | 0.66 | 0.66 | 0.66 | 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 | 100.87 | NAVS 2026-6A E | 04/15/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 30231.00 | L | N | 6/30/2026 | C | 438;USD | USD | 300000.00 | 294000.00 | 294000.00 | 302603.13 | 302603.13 | 8603.13 | 8603.13 | 9.99 | False | 9.95 | 0.20 | 0.20 | 0.20 | 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 | 100.30 | NEUB 2016-22A D1R3 | 04/17/2040 N.A.% | 5 | 2 | 6 | 5 | N | True | 44397.47 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 651932.97 | 651932.97 | 1932.97 | 1932.97 | 0.00 | False | -0.02 | 0.43 | 0.43 | 0.43 | 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 | 5/1/2065 | 100.37 | NRZT 2025-NQM3 A1 | 05/25/2065 5.530000% | 5 | 2 | 6 | 5 | N | True | 19849.49 | L | N | 6/30/2026 | C | 438;USD | USD | 358941.88 | 364382.09 | 364049.71 | 360265.55 | 360265.55 | -3784.16 | -3784.16 | 5.51 | True | 5.44 | 0.24 | 0.24 | 0.24 | 500000.00 | 64832CAC | 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 | 99.29 | NRZT 2026-NQM4 A3 | 02/25/2066 5.358000% | 5 | 2 | 6 | 5 | N | True | 51948.24 | L | N | 6/30/2026 | C | 438;USD | USD | 969545.36 | 969529.66 | 969531.14 | 962693.87 | 962693.87 | -6837.27 | -6837.27 | 5.40 | False | 5.40 | 0.64 | 0.63 | 0.64 | 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 | 99.61 | OAKC 2024-17RA D1 | 04/20/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 22407.11 | L | N | 6/30/2026 | C | 438;USD | USD | 375000.00 | 375000.00 | 375000.00 | 373533.79 | 373533.79 | -1466.21 | -1466.21 | 6.00 | False | 6.02 | 0.25 | 0.25 | 0.25 | 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 | 100.13 | OBRAC 2025-2A D2 | 07/20/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 51514.00 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 650816.73 | 650816.73 | 816.73 | 816.73 | 7.92 | False | 7.91 | 0.43 | 0.43 | 0.43 | 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 | 98.79 | OBX 2026-NQM1 A1 | 11/25/2065 4.846000% | 5 | 2 | 6 | 5 | N | True | 22554.68 | L | N | 6/30/2026 | C | 438;USD | USD | 465428.76 | 467465.01 | 467210.14 | 459796.19 | 459796.19 | -7413.95 | -7413.95 | 4.91 | False | 4.92 | 0.30 | 0.30 | 0.31 | 500000.00 | 67123HAA | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 67124DAF | OBX 2026-NQM5 A1 | 01/25/2066 5.321000% | 67124DAF8 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 1/25/2066 | 99.52 | OBX 2026-NQM5 A1 | 01/25/2066 5.321000% | 5 | 2 | 6 | 5 | N | True | 20974.89 | L | N | 6/30/2026 | C | 438;USD | USD | 394190.77 | 394189.22 | 394189.22 | 392295.78 | 392295.78 | -1893.44 | -1893.44 | 5.35 | False | 5.35 | 0.26 | 0.26 | 0.26 | 411000.00 | 67124DAF | 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 | 99.10 | OBX 2026-R1 A1 | 01/25/2063 4.884000% | 5 | 2 | 6 | 5 | N | True | 22807.90 | L | N | 6/30/2026 | C | 438;USD | USD | 466992.17 | 466809.56 | 466809.56 | 462773.59 | 462773.59 | -4035.97 | -4035.97 | 4.93 | False | 4.94 | 0.31 | 0.30 | 0.31 | 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 | 98.02 | OCP 2023-27A ER2 | 07/15/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 21557.75 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 245045.05 | 245045.05 | -4954.95 | -4954.95 | 8.80 | False | 8.89 | 0.16 | 0.16 | 0.16 | 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 | 100.50 | OCP 2024-36A D1 | 10/16/2037 6.621130% | 5 | 2 | 6 | 5 | N | True | 66295.20 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000500.00 | 1000237.19 | 1005012.70 | 1005012.70 | 4775.51 | 4775.51 | 6.60 | True | 4.93 | 0.66 | 0.66 | 0.67 | 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 | 100.51 | OCP 2024-37A D1 | 10/15/2037 6.622190% | 5 | 2 | 6 | 5 | N | True | 66231.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000500.00 | 1000313.71 | 1005095.60 | 1005095.60 | 4781.89 | 4781.89 | 6.59 | True | 5.68 | 0.66 | 0.66 | 0.67 | 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 | 99.63 | OCPA 2024-39A CR | 04/16/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 13323.80 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 249063.03 | 249063.03 | -936.98 | -936.98 | 5.35 | False | 5.37 | 0.16 | 0.16 | 0.17 | 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 | 99.86 | OCPA 2024-39A D1R | 04/16/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 28257.84 | L | N | 6/30/2026 | C | 438;USD | USD | 450000.00 | 450000.00 | 450000.00 | 449383.05 | 449383.05 | -616.95 | -616.95 | 6.29 | False | 6.30 | 0.30 | 0.30 | 0.30 | 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 | 99.92 | OCPA 2024-39A ER | 04/16/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 34631.28 | L | N | 6/30/2026 | C | 438;USD | USD | 399000.00 | 399000.00 | 399000.00 | 398693.61 | 398693.61 | -306.39 | -306.39 | 8.69 | False | 8.69 | 0.26 | 0.26 | 0.26 | 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 | 100.64 | OPTN 2025-D D | 02/08/2033 6.970000% | 5 | 2 | 6 | 5 | N | True | 69700.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1016250.00 | 1013329.26 | 1006431.20 | 1006431.20 | -6898.06 | -6898.06 | 6.93 | True | 6.47 | 0.67 | 0.66 | 0.67 | 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 | 99.67 | OPTN 2026-A D | 01/09/2034 6.280000% | 5 | 2 | 6 | 5 | N | True | 62800.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1006914.06 | 1005693.02 | 996655.20 | 996655.20 | -9037.82 | -9037.82 | 6.30 | False | 6.34 | 0.66 | 0.65 | 0.66 | 1000000.00 | 68390VAD | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 67120DAG | ORL 2024-GLKS D | 12/15/2039 6.463210% | 67120DAG0 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 12/15/2039 | 100.57 | ORL 2024-GLKS D | 12/15/2039 6.463210% | 5 | 2 | 6 | 5 | N | True | 13922.92 | L | N | 6/30/2026 | C | 438;USD | USD | 217000.00 | 217949.38 | 217939.19 | 218226.44 | 218226.44 | 287.25 | 287.25 | 6.38 | False | 6.36 | 0.14 | 0.14 | 0.14 | 217000.00 | 67120DAG | 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 | 100.32 | PAID 2025-4 D | 01/17/2033 6.572000% | 5 | 2 | 6 | 5 | N | True | 82147.08 | L | N | 6/30/2026 | C | 438;USD | USD | 1249955.57 | 1255912.40 | 1254306.11 | 1253930.68 | 1253930.68 | -375.43 | -375.43 | 6.55 | True | 6.23 | 0.83 | 0.82 | 0.83 | 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 | 99.21 | PAID 2026-1 B | 09/15/2033 5.370000% | 5 | 2 | 6 | 5 | N | True | 30642.72 | L | N | 6/30/2026 | C | 438;USD | USD | 570627.85 | 572970.22 | 572492.24 | 566117.43 | 566117.43 | -6374.81 | -6374.81 | 5.41 | False | 5.50 | 0.37 | 0.37 | 0.38 | 571000.00 | 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 | 98.96 | PAID 2026-1 C | 09/15/2033 5.507000% | 5 | 2 | 6 | 5 | N | True | 27517.05 | L | N | 6/30/2026 | C | 438;USD | USD | 499674.12 | 502055.38 | 501634.84 | 494466.82 | 494466.82 | -7168.02 | -7168.02 | 5.56 | False | 5.68 | 0.33 | 0.32 | 0.33 | 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 | 99.00 | PAID 2026-1 D | 09/15/2033 5.744000% | 5 | 2 | 6 | 5 | N | True | 45749.84 | L | N | 6/30/2026 | C | 438;USD | USD | 796480.55 | 798188.81 | 797883.31 | 788507.78 | 788507.78 | -9375.53 | -9375.53 | 5.80 | False | 5.91 | 0.52 | 0.52 | 0.52 | 797000.00 | 694969AE | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69549PAC | PAID 2026-2 B | 11/15/2033 6.029000% | 69549PAC1 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 11/15/2033 | 99.88 | PAID 2026-2 B | 11/15/2033 6.029000% | 5 | 2 | 6 | 5 | N | True | 90435.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1500000.00 | 1500000.00 | 1500000.00 | 1498232.67 | 1498232.67 | -1767.33 | -1767.33 | 6.04 | False | 6.05 | 0.99 | 0.98 | 0.99 | 1500000.00 | 69549PAC | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69549PAD | PAID 2026-2 C | 11/15/2033 6.410000% | 69549PAD9 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 11/15/2033 | 100.05 | PAID 2026-2 C | 11/15/2033 6.410000% | 5 | 2 | 6 | 5 | N | True | 64100.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 1000476.60 | 1000476.60 | 476.60 | 476.60 | 6.41 | False | 6.40 | 0.66 | 0.66 | 0.66 | 1000000.00 | 69549PAD | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69544CAD | PAID 2026-3 C | 12/15/2033 6.565000% | 69544CAD3 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 12/15/2033 | 100.23 | PAID 2026-3 C | 12/15/2033 6.565000% | 5 | 2 | 6 | 5 | N | True | 38208.30 | L | N | 6/30/2026 | C | 438;USD | USD | 582000.00 | 582455.00 | 582436.99 | 583325.21 | 583325.21 | 888.22 | 888.22 | 6.55 | True | 6.44 | 0.39 | 0.38 | 0.39 | 582000.00 | 69544CAD | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69544CAE | PAID 2026-3 D | 12/15/2033 6.927000% | 69544CAE1 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 12/15/2033 | 100.18 | PAID 2026-3 D | 12/15/2033 6.927000% | 5 | 2 | 6 | 5 | N | True | 50567.10 | L | N | 6/30/2026 | C | 438;USD | USD | 730000.00 | 730142.19 | 730136.58 | 731349.26 | 731349.26 | 1212.68 | 1212.68 | 6.91 | True | 6.82 | 0.48 | 0.48 | 0.49 | 730000.00 | 69544CAE | 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 | 99.56 | PAID 2026-R1 C | 12/15/2033 5.409000% | 5 | 2 | 6 | 5 | N | True | 13522.50 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 248889.55 | 248889.55 | -1110.45 | -1110.45 | 5.43 | False | 5.48 | 0.16 | 0.16 | 0.17 | 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 | 99.01 | PAID 2026-R1 D | 12/15/2033 5.750000% | 5 | 2 | 6 | 5 | N | True | 34801.59 | L | N | 6/30/2026 | C | 438;USD | USD | 605244.97 | 605244.97 | 605244.97 | 599240.82 | 599240.82 | -6004.15 | -6004.15 | 5.81 | False | 5.91 | 0.40 | 0.39 | 0.40 | 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 | 100.35 | PAID 2026-R1 E | 12/15/2033 9.292000% | 5 | 2 | 6 | 5 | N | True | 26210.18 | L | N | 6/30/2026 | C | 438;USD | USD | 282072.55 | 282072.55 | 282072.55 | 283053.34 | 283053.34 | 980.79 | 980.79 | 9.26 | True | 9.12 | 0.19 | 0.19 | 0.19 | 500000.00 | 694972AA | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69490AAC | PAID 2026-R2 B | 02/15/2034 5.689000% | 69490AAC3 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 2/15/2034 | 99.92 | PAID 2026-R2 B | 02/15/2034 5.689000% | 5 | 2 | 6 | 5 | N | True | 59962.06 | L | N | 6/30/2026 | C | 438;USD | USD | 1054000.00 | 1054000.00 | 1054000.00 | 1053200.33 | 1053200.33 | -799.67 | -799.67 | 5.69 | False | 5.70 | 0.70 | 0.69 | 0.70 | 1054000.00 | 69490AAC | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69490AAD | PAID 2026-R2 C | 02/15/2034 6.216000% | 69490AAD1 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 2/15/2034 | 99.93 | PAID 2026-R2 C | 02/15/2034 6.216000% | 5 | 2 | 6 | 5 | N | True | 65516.64 | L | N | 6/30/2026 | C | 438;USD | USD | 1054000.00 | 1054000.00 | 1054000.00 | 1053308.15 | 1053308.15 | -691.85 | -691.85 | 6.22 | False | 6.23 | 0.70 | 0.69 | 0.70 | 1054000.00 | 69490AAD | 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 | 100.25 | PFP 2025-12 D | 12/18/2042 6.756730% | 5 | 2 | 6 | 5 | N | True | 50459.10 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 751875.00 | 751534.60 | 751873.50 | 751873.50 | 338.90 | 338.90 | 6.69 | True | 6.53 | 0.50 | 0.49 | 0.50 | 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 | 100.06 | PFP 2026-13 D | 08/18/2043 6.150100% | 5 | 2 | 6 | 5 | N | True | 15092.95 | L | N | 6/30/2026 | C | 438;USD | USD | 250000.00 | 250000.00 | 250000.00 | 250156.25 | 250156.25 | 156.25 | 156.25 | 6.01 | True | 5.98 | 0.17 | 0.16 | 0.17 | 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 | 100.27 | PGA 2024-RSR2 D | 06/15/2039 7.148250% | 5 | 2 | 6 | 5 | N | True | 71139.90 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1003750.00 | 1003693.43 | 1002685.00 | 1002685.00 | -1008.43 | -1008.43 | 7.10 | False | 7.08 | 0.66 | 0.66 | 0.67 | 1000000.00 | 69381CAL | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69703JAL | PLMRS 2024-1A BR | 04/15/2037 N.A.% | 69703JAL7 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | CAY | CAYMAN ISLANDS | USD | US DOLLAR | 4/15/2037 | 100.27 | PLMRS 2024-1A BR | 04/15/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 21672.44 | L | N | 6/30/2026 | C | 438;USD | USD | 411000.00 | 411000.00 | 411000.00 | 412112.17 | 412112.17 | 1112.17 | 1112.17 | 5.26 | False | 5.24 | 0.27 | 0.27 | 0.27 | 411000.00 | N.A. | 69703JAL | N | MP | |||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 69703JAN | PLMRS 2024-1A CR | 04/15/2037 N.A.% | 69703JAN3 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | CAY | CAYMAN ISLANDS | USD | US DOLLAR | 4/15/2037 | 100.43 | PLMRS 2024-1A CR | 04/15/2037 N.A.% | 5 | 2 | 6 | 5 | N | True | 23110.94 | L | N | 6/30/2026 | C | 438;USD | USD | 411000.00 | 411000.00 | 411000.00 | 412771.37 | 412771.37 | 1771.37 | 1771.37 | 5.60 | False | 5.57 | 0.27 | 0.27 | 0.27 | 411000.00 | N.A. | 69703JAN | 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 | 97.91 | PMTLT 2026-CNF2 A2 | 02/25/2057 5.000000% | 5 | 2 | 6 | 5 | N | True | 12156.56 | L | N | 6/30/2026 | C | 438;USD | USD | 243131.10 | 242751.21 | 242751.21 | 238040.54 | 238040.54 | -4710.67 | -4710.67 | 5.11 | False | 5.14 | 0.16 | 0.16 | 0.16 | 250000.00 | 69393FAB | 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 | 100.54 | POLEN 2025-2A C | 01/20/2039 5.709650% | 5 | 2 | 6 | 5 | N | True | 57096.50 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 993750.00 | 994796.54 | 1005432.30 | 1005432.30 | 10635.76 | 10635.76 | 5.68 | True | 5.35 | 0.67 | 0.66 | 0.67 | 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 | 97.62 | QTS 2025-1A B | 05/25/2055 5.928000% | 5 | 2 | 6 | 5 | N | True | 59280.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 991640.63 | 992911.25 | 976181.20 | 976181.20 | -16730.05 | -16730.05 | 6.07 | False | 6.10 | 0.65 | 0.64 | 0.65 | 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 | 99.93 | QTSII 2026-4A A2 | 03/05/2056 5.704000% | 5 | 2 | 6 | 5 | N | True | 57040.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 999969.50 | 999969.50 | 999300.00 | 999300.00 | -669.50 | -669.50 | 5.71 | False | 5.71 | 0.66 | 0.66 | 0.66 | 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 | 99.42 | QTSII 2026-4A B | 03/05/2056 6.727000% | 5 | 2 | 6 | 5 | N | True | 67270.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 999962.00 | 999962.00 | 994227.54 | 994227.54 | -5734.46 | -5734.46 | 6.77 | False | 6.77 | 0.66 | 0.65 | 0.66 | 1000000.00 | 74690FBJ | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 74690FBL | QTSII 2026-6A A22 | 07/05/2056 5.682000% | 74690FBL9 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 7/5/2056 | 100.30 | QTSII 2026-6A A22 | 07/05/2056 5.682000% | 5 | 2 | 6 | 5 | N | True | 31023.72 | L | N | 6/30/2026 | C | 438;USD | USD | 546000.00 | 545991.81 | 545992.50 | 547637.56 | 547637.56 | 1645.06 | 1645.06 | 5.67 | True | 5.57 | 0.36 | 0.36 | 0.36 | 546000.00 | 74690FBL | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 74690FBM | QTSII 2026-6A A23 | 07/05/2056 5.975000% | 74690FBM7 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 7/5/2056 | 100.25 | QTSII 2026-6A A23 | 07/05/2056 5.975000% | 5 | 2 | 6 | 5 | N | True | 25035.25 | L | N | 6/30/2026 | C | 438;USD | USD | 419000.00 | 418996.94 | 418997.50 | 420066.21 | 420066.21 | 1068.71 | 1068.71 | 5.96 | True | 5.88 | 0.28 | 0.28 | 0.28 | 419000.00 | 74690FBM | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 74690FBN | QTSII 2026-6A B | 07/05/2056 7.142000% | 74690FBN5 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 7/5/2056 | 100.11 | QTSII 2026-6A B | 07/05/2056 7.142000% | 5 | 2 | 6 | 5 | N | True | 29924.98 | L | N | 6/30/2026 | C | 438;USD | USD | 419000.00 | 418983.74 | 418984.60 | 419452.91 | 419452.91 | 468.31 | 468.31 | 7.13 | True | 7.10 | 0.28 | 0.28 | 0.28 | 419000.00 | 74690FBN | 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 | 99.28 | REPS 2025-A E | 11/20/2034 7.700000% | 5 | 2 | 6 | 5 | N | True | 77000.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1021250.00 | 1018771.13 | 992787.20 | 992787.20 | -25983.93 | -25983.93 | 7.76 | False | 7.82 | 0.66 | 0.65 | 0.66 | 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 | 100.14 | RMIT 2025-2 D | 11/16/2037 6.010000% | 5 | 2 | 6 | 5 | N | True | 6010.00 | L | N | 6/30/2026 | C | 438;USD | USD | 100000.00 | 99968.69 | 99968.69 | 100136.21 | 100136.21 | 167.52 | 167.52 | 6.00 | True | 5.97 | 0.07 | 0.07 | 0.07 | 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 | 97.68 | RPM 2026-1A C | 01/25/2035 5.689000% | 5 | 2 | 6 | 5 | N | True | 56890.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 976776.72 | 976776.72 | -23223.28 | -23223.28 | 5.82 | False | 6.04 | 0.65 | 0.64 | 0.65 | 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 | 97.05 | RPM 2026-1A D | 01/25/2035 6.520000% | 5 | 2 | 6 | 5 | N | True | 65200.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 970494.34 | 970494.34 | -29505.66 | -29505.66 | 6.72 | False | 6.98 | 0.64 | 0.64 | 0.64 | 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 | 100.15 | M | RPM 2026-1A E | 01/25/2035 11.06600% | 5 | 2 | 6 | 5 | N | True | 55330.00 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 500000.00 | 500000.00 | 500748.05 | 500748.05 | 748.05 | 748.05 | 11.05 | True | 10.97 | 0.33 | 0.33 | 0.33 | 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 | 100.36 | RPM 2026-R1A A | 07/25/2034 5.659000% | 5 | 2 | 6 | 5 | N | True | 48873.18 | L | N | 6/30/2026 | C | 438;USD | USD | 863636.38 | 863636.38 | 863636.38 | 866773.50 | 866773.50 | 3137.12 | 3137.12 | 5.64 | True | 5.50 | 0.57 | 0.57 | 0.57 | 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 | 100.22 | RPM 2026-R1A B | 07/25/2034 6.211000% | 5 | 2 | 6 | 5 | N | True | 62110.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 1002193.83 | 1002193.83 | 2193.83 | 2193.83 | 6.20 | True | 6.12 | 0.66 | 0.66 | 0.66 | 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 | 100.04 | RPM 2026-R1A C | 07/25/2034 6.957000% | 5 | 2 | 6 | 5 | N | True | 104355.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1500000.00 | 1500000.00 | 1500000.00 | 1500530.22 | 1500530.22 | 530.22 | 530.22 | 6.95 | True | 6.94 | 0.99 | 0.99 | 1.00 | 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 | 100.56 | RRAM 2024-28RA BR2 | 04/15/2041 N.A.% | 5 | 2 | 6 | 5 | N | True | 56808.70 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1000000.00 | 1000000.00 | 1005603.80 | 1005603.80 | 5603.80 | 5603.80 | 5.65 | False | 5.63 | 0.67 | 0.66 | 0.67 | 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 | 100.45 | SCUL 26A BR | 01/20/2038 5.517630% | 5 | 2 | 6 | 5 | N | True | 55252.30 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1002500.00 | 1001649.59 | 1004488.40 | 1004488.40 | 2838.81 | 2838.81 | 5.50 | True | 4.72 | 0.66 | 0.66 | 0.67 | 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 | 100.52 | SCUL 30A D1R | 07/20/2038 7.867130% | 5 | 2 | 6 | 5 | N | True | 40013.77 | L | N | 6/30/2026 | C | 438;USD | USD | 550000.00 | 551375.00 | 550750.58 | 552844.16 | 552844.16 | 2093.58 | 2093.58 | 7.24 | True | 6.77 | 0.37 | 0.36 | 0.37 | 550000.00 | N.A. | 81124NAY | N | MP | |||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 81124QAU | SCUL 32A BR | 04/30/2039 N.A.% | 81124QAU7 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | JE | JERSEY | USD | US DOLLAR | 4/30/2039 | 100.37 | SCUL 32A BR | 04/30/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 7308.36 | L | N | 6/30/2026 | C | 438;USD | USD | 138000.00 | 138000.00 | 138000.00 | 138512.60 | 138512.60 | 512.60 | 512.60 | 0.00 | False | -0.03 | 0.09 | 0.09 | 0.09 | 138000.00 | N.A. | 81124QAU | 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 | 101.97 | SEMT 2025-6 A1 | 07/25/2055 6.000000% | 5 | 2 | 6 | 5 | N | True | 13931.50 | L | N | 6/30/2026 | C | 438;USD | USD | 232191.65 | 232046.54 | 232046.54 | 236762.92 | 236762.92 | 4716.38 | 4716.38 | 5.88 | True | 5.77 | 0.16 | 0.16 | 0.16 | 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 | 100.57 | SHENTL 2025-1A B | 12/20/2055 6.030000% | 5 | 2 | 6 | 5 | N | True | 60300.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1018007.81 | 1015841.83 | 1005662.96 | 1005662.96 | -10178.87 | -10178.87 | 6.00 | True | 5.78 | 0.67 | 0.66 | 0.67 | 1000000.00 | 82321AAB | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 834926AE | SONAUS 2026-1A B | 04/25/2039 N.A.% | 834926AE7 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | CAY | CAYMAN ISLANDS | USD | US DOLLAR | 4/25/2039 | 100.46 | SONAUS 2026-1A B | 04/25/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 22154.54 | L | N | 6/30/2026 | C | 438;USD | USD | 411000.00 | 411000.00 | 411000.00 | 412907.16 | 412907.16 | 1907.16 | 1907.16 | 5.37 | False | 5.34 | 0.27 | 0.27 | 0.27 | 411000.00 | 834926AE | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 834926AG | SONAUS 2026-1A C | 04/25/2039 N.A.% | 834926AG2 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | CAY | CAYMAN ISLANDS | USD | US DOLLAR | 4/25/2039 | 100.65 | SONAUS 2026-1A C | 04/25/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 23593.04 | L | N | 6/30/2026 | C | 438;USD | USD | 411000.00 | 411000.00 | 411000.00 | 413685.97 | 413685.97 | 2685.97 | 2685.97 | 5.70 | False | 5.67 | 0.27 | 0.27 | 0.27 | 411000.00 | 834926AG | 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 | 99.02 | SRFC 2026-1A D | 12/22/2042 7.100000% | 5 | 2 | 6 | 5 | N | True | 59801.36 | L | N | 6/30/2026 | C | 438;USD | USD | 842272.67 | 842271.66 | 842271.66 | 833983.95 | 833983.95 | -8287.71 | -8287.71 | 7.17 | False | 7.20 | 0.55 | 0.55 | 0.55 | 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 | 98.83 | STRE 2026-1A C | 08/15/2046 6.050000% | 5 | 2 | 6 | 5 | N | True | 42350.00 | L | N | 6/30/2026 | C | 438;USD | USD | 700000.00 | 698570.11 | 698570.11 | 691804.68 | 691804.68 | -6765.43 | -6765.43 | 6.12 | False | 6.15 | 0.46 | 0.45 | 0.46 | 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 | 99.03 | STRE 2026-1A D | 08/15/2046 8.180000% | 5 | 2 | 6 | 5 | N | True | 28630.00 | L | N | 6/30/2026 | C | 438;USD | USD | 350000.00 | 349882.92 | 349882.92 | 346620.19 | 346620.19 | -3262.73 | -3262.73 | 8.26 | False | 8.28 | 0.23 | 0.23 | 0.23 | 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 | 98.81 | SWTCH 2024-1A B | 03/25/2054 6.500000% | 5 | 2 | 6 | 5 | N | True | 65000.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1006289.06 | 1004239.12 | 988122.70 | 988122.70 | -16116.42 | -16116.42 | 6.58 | False | 6.59 | 0.65 | 0.65 | 0.66 | 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 | 97.73 | SWTCH 2024-2A B | 06/25/2054 6.200000% | 5 | 2 | 6 | 5 | N | True | 46500.00 | L | N | 6/30/2026 | C | 438;USD | USD | 750000.00 | 753281.25 | 752416.01 | 732994.28 | 732994.28 | -19421.74 | -19421.74 | 6.34 | False | 6.37 | 0.48 | 0.48 | 0.49 | 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 | 99.23 | SYMP 2022-33A D1R | 01/24/2038 6.268020% | 5 | 2 | 6 | 5 | N | True | 62670.90 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 986500.00 | 991664.93 | 992266.90 | 992266.90 | 601.97 | 601.97 | 6.32 | False | 6.36 | 0.66 | 0.65 | 0.66 | 1000000.00 | N.A. | 87169JAS | 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 | 100.47 | TPGCLO 2025-1A B | 07/15/2038 5.763240% | 5 | 2 | 6 | 5 | N | True | 54731.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1002500.00 | 1001911.48 | 1004669.00 | 1004669.00 | 2757.52 | 2757.52 | 5.45 | True | 5.01 | 0.66 | 0.66 | 0.67 | 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 | 100.52 | TPGCLO 2025-1A D1 | 07/15/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 28092.40 | L | N | 6/30/2026 | C | 438;USD | USD | 400000.00 | 399739.60 | 399739.60 | 402082.60 | 402082.60 | 2343.00 | 2343.00 | 6.99 | False | 6.96 | 0.27 | 0.26 | 0.27 | 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 | 100.43 | TRNTS 2024-28A BR | 04/25/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 34882.84 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 652808.65 | 652808.65 | 2808.65 | 2808.65 | 0.00 | False | -0.03 | 0.43 | 0.43 | 0.43 | 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 | 100.40 | TRNTS 2024-28A CR | 04/25/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 22666.36 | L | N | 6/30/2026 | C | 438;USD | USD | 400000.00 | 400000.00 | 400000.00 | 401600.24 | 401600.24 | 1600.24 | 1600.24 | 0.00 | False | -0.03 | 0.27 | 0.26 | 0.27 | 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 | 100.42 | TRNTS 2024-28A D1R | 04/25/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 44957.84 | L | N | 6/30/2026 | C | 438;USD | USD | 650000.00 | 650000.00 | 650000.00 | 652741.12 | 652741.12 | 2741.12 | 2741.12 | 0.00 | False | -0.03 | 0.43 | 0.43 | 0.43 | 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 | 102.39 | UPST 2025-4 D | 11/20/2035 7.670000% | 5 | 2 | 6 | 5 | N | True | 50085.10 | L | N | 6/30/2026 | C | 438;USD | USD | 653000.00 | 670957.50 | 669605.68 | 668611.40 | 668611.40 | -994.28 | -994.28 | 7.49 | True | 6.88 | 0.44 | 0.44 | 0.44 | 653000.00 | 91684AAE | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 91683AAE | UPST 2026-2 D | 05/20/2036 7.350000% | 91683AAE0 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 5/20/2036 | 101.23 | UPST 2026-2 D | 05/20/2036 7.350000% | 5 | 2 | 6 | 5 | N | True | 73500.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 999928.10 | 999928.10 | 1012269.60 | 1012269.60 | 12341.50 | 12341.50 | 7.26 | True | 6.99 | 0.67 | 0.67 | 0.67 | 1000000.00 | 91683AAE | 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 | 98.99 | UPXHI 2025-1 B | 01/25/2047 6.070000% | 5 | 2 | 6 | 5 | N | True | 60700.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1014843.75 | 1014711.27 | 989919.50 | 989919.50 | -24791.77 | -24791.77 | 6.13 | False | 6.16 | 0.65 | 0.65 | 0.66 | 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 | 99.29 | VBTOW 2025-1A B | 08/16/2055 5.602000% | 5 | 2 | 6 | 5 | N | True | 70025.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1250000.00 | 1256074.22 | 1254626.49 | 1241063.00 | 1241063.00 | -13563.49 | -13563.49 | 5.64 | False | 5.65 | 0.82 | 0.82 | 0.82 | 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 | 101.58 | VBTOW 2025-1A C | 08/16/2055 7.446000% | 5 | 2 | 6 | 5 | N | True | 33507.00 | L | N | 6/30/2026 | C | 438;USD | USD | 450000.00 | 448091.78 | 448091.78 | 457104.96 | 457104.96 | 9013.18 | 9013.18 | 7.33 | True | 5.99 | 0.30 | 0.30 | 0.30 | 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 | 99.44 | VERUS 2025-11 A3 | 11/25/2070 5.270000% | 5 | 2 | 6 | 5 | N | True | 48236.33 | L | N | 6/30/2026 | C | 438;USD | USD | 915300.40 | 916587.55 | 916441.24 | 910150.83 | 910150.83 | -6290.41 | -6290.41 | 5.30 | False | 5.30 | 0.60 | 0.60 | 0.60 | 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 | 99.46 | VERUS 2026-1 A1 | 01/25/2071 4.863000% | 5 | 2 | 6 | 5 | N | True | 23261.11 | L | N | 6/30/2026 | C | 438;USD | USD | 478328.46 | 480570.61 | 480298.65 | 475764.85 | 475764.85 | -4533.80 | -4533.80 | 4.89 | False | 4.89 | 0.31 | 0.31 | 0.32 | 500000.00 | 92541JAF | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 951913AG | WCORE 2024-CORE D | 11/15/2041 6.612700% | 951913AG7 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 11/15/2041 | 100.48 | WCORE 2024-CORE D | 11/15/2041 6.612700% | 5 | 2 | 6 | 5 | N | True | 48585.29 | L | N | 6/30/2026 | C | 438;USD | USD | 740000.00 | 741850.00 | 741834.02 | 743574.35 | 743574.35 | 1740.33 | 1740.33 | 6.54 | False | 6.52 | 0.49 | 0.49 | 0.49 | 740000.00 | 951913AG | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 94958LAS | WELLI 2024-2A DR | 04/20/2039 N.A.% | 94958LAS7 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | JE | JERSEY | USD | US DOLLAR | 4/20/2039 | 100.72 | WELLI 2024-2A DR | 04/20/2039 N.A.% | 5 | 2 | 6 | 5 | N | True | 42507.97 | L | N | 6/30/2026 | C | 438;USD | USD | 610000.00 | 610000.00 | 610000.00 | 614419.57 | 614419.57 | 4419.57 | 4419.57 | 6.92 | False | 6.88 | 0.41 | 0.40 | 0.41 | 610000.00 | 94958LAS | 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 | 100.56 | WOODS 2020-22A C1R3 | 03/16/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 17311.35 | L | N | 6/30/2026 | C | 438;USD | USD | 300000.00 | 300000.00 | 300000.00 | 301670.01 | 301670.01 | 1670.01 | 1670.01 | 5.74 | False | 5.71 | 0.20 | 0.20 | 0.20 | 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 | 100.40 | WOODS 2020-22A D1R3 | 03/16/2038 N.A.% | 5 | 2 | 6 | 5 | N | True | 21211.35 | L | N | 6/30/2026 | C | 438;USD | USD | 300000.00 | 300000.00 | 300000.00 | 301206.81 | 301206.81 | 1206.81 | 1206.81 | 7.05 | False | 7.02 | 0.20 | 0.20 | 0.20 | 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 | 98.98 | ZAYO 2025-3A A2 | 10/20/2055 5.570000% | 5 | 2 | 6 | 5 | N | True | 55700.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1000000.00 | 1019921.88 | 1018100.66 | 989794.40 | 989794.40 | -28306.26 | -28306.26 | 5.63 | False | 5.64 | 0.65 | 0.65 | 0.66 | 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 | 97.91 | ZAYO 2025-3A B | 10/20/2055 5.716000% | 5 | 2 | 6 | 5 | N | True | 71450.00 | L | N | 6/30/2026 | C | 438;USD | USD | 1250000.00 | 1252949.22 | 1252665.52 | 1223833.00 | 1223833.00 | -28832.52 | -28832.52 | 5.84 | False | 5.87 | 0.81 | 0.80 | 0.81 | 1250000.00 | 98919WAQ | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 98919WAU | ZAYO 2026-1A A2 | 04/20/2056 5.546000% | 98919WAU7 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 4/20/2056 | 100.43 | ZAYO 2026-1A A2 | 04/20/2056 5.546000% | 5 | 2 | 6 | 5 | N | True | 24568.78 | L | N | 6/30/2026 | C | 438;USD | USD | 443000.00 | 443000.00 | 443000.00 | 444921.36 | 444921.36 | 1921.36 | 1921.36 | 5.52 | True | 5.40 | 0.29 | 0.29 | 0.30 | 443000.00 | 98919WAU | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | 98919WAW | ZAYO 2026-1A B | 04/20/2056 6.035000% | 98919WAW3 | UNGROUPED SECURITIES | CMO | COLL MORT OBLIGATION | USA | UNITED STATES | USD | US DOLLAR | 4/20/2056 | 99.97 | ZAYO 2026-1A B | 04/20/2056 6.035000% | 5 | 2 | 6 | 5 | N | True | 26735.05 | L | N | 6/30/2026 | C | 438;USD | USD | 443000.00 | 443000.00 | 443000.00 | 442875.79 | 442875.79 | -124.21 | -124.21 | 6.04 | False | 6.04 | 0.29 | 0.29 | 0.29 | 443000.00 | 98919WAW | 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 | 103.15 | ACHM 2023-HE1 B | 11/25/2037 7.000000% | 5 | 2 | 6 | 5 | N | True | 35000.00 | L | N | 6/30/2026 | C | 438;USD | USD | 500000.00 | 494157.55 | 494769.17 | 515766.65 | 515766.65 | 20997.48 | 20997.48 | 6.79 | True | 6.23 | 0.34 | 0.34 | 0.34 | 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 | 101.15 | AOMT 2024-4 A2 | 01/25/2069 6.398000% | 5 | 2 | 6 | 5 | N | True | 8748.15 | L | N | 6/30/2026 | C | 438;USD | USD | 136732.51 | 136730.80 | 136730.82 | 138305.74 | 138305.74 | 1574.92 | 1574.92 | 6.33 | True | 4.80 | 0.09 | 0.09 | 0.09 | 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 | 100.08 | JPMMT 2024-NQM1 M1A | 02/25/2064 6.414000% | 5 | 2 | 6 | 5 | N | True | 25656.00 | L | N | 6/30/2026 | C | 438;USD | USD | 400000.00 | 399992.40 | 399996.08 | 400324.00 | 400324.00 | 327.92 | 327.92 | 6.41 | True | 6.36 | 0.26 | 0.26 | 0.27 | 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 | 101.84 | PFMT 2025-2 A1 | 06/25/2055 6.000000% | 5 | 2 | 6 | 5 | N | True | 6366.05 | L | N | 6/30/2026 | C | 438;USD | USD | 106100.87 | 105802.53 | 105802.53 | 108057.11 | 108057.11 | 2254.58 | 2254.58 | 5.89 | True | 5.78 | 0.07 | 0.07 | 0.07 | 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 | 101.22 | SEMT 2025-5 A1 | 06/25/2055 6.000000% | 5 | 2 | 6 | 5 | N | True | 20279.92 | L | N | 6/30/2026 | C | 438;USD | USD | 337998.59 | 337576.10 | 337576.10 | 342117.95 | 342117.95 | 4541.85 | 4541.85 | 5.93 | True | 5.86 | 0.23 | 0.22 | 0.23 | 500000.00 | 81743GAA | N | MP | ||||||||||||||||||||||||||
| 438 | Obra Opportunistic Structured | FGTXX | Goldman Sachs Financial Square Funds - G | 38141W273 | 1078 | Money Market Fund | MONEYMKT | MONEY MARKET | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 7/1/2026 | 100.00 | Goldman Sachs Financial Square Funds - G | 5 | 2 | 6 | 5 | N | True | 123397.13 | L | N | 6/30/2026 | C | 438;USD | USD | 3493586.19 | 3493586.19 | 3493586.19 | 3493586.19 | 3493586.19 | 0.00 | 0.00 | 3.53 | False | 3.52 | 2.31 | 2.30 | 2.32 | 0.00 | FGTXX | N | AC |