MBS ETF

$8.16

AUM$199M

TER0.49%

Holdings155

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MBS ETF

$8.16

Angel Oak Mortgage-Backed Securities ETF

AUM$199M

TER0.49%

Holdings155

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Leveraged fundWeights reflect notional exposure via swaps/derivatives and do not sum to 100%.

Net exposure

130.2%

Gross exposure

130.2%

Long

130.2%

Cash & collateral

-20.7%

As of Sep 18, 2026

Showing top 50 of 155 holdings · as of Sep 18, 2026

MBS holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Sector	Industry
1	—	Fannie Mae Or Freddie Mac 2050-10-01	10.20%	10.2%	21,000,000	$20.65M	-	-
2	—	Us 5Yr Note (Cbt) Dec26	9.47%	19.7%	182	$19.16M	-	-
3	FGUXX	First American Government Obligations Fund	6.12%	25.8%	12,393,188	$12.39M	-	-
4	—	Fannie Mae Or Freddie Mac	5.21%	31.0%	11,000,000	$10.54M	-	-
5	—	Fnma Tba 2049-10-01	2.99%	34.0%	6,000,000	$6.05M	-	-
6	Debt	Fannie Mae Pool	2.46%	36.5%	4,933,768	$4.98M	-	-
7	—	Fannie Mae Pool Umbs P#Bu9929 2.00000000	2.44%	38.9%	6,355,918	$4.94M	-	-
8	Debt	Obx 2026-Ahc4 Trust	2.42%	41.3%	5,000,000	$4.89M	-	-
9	Debt	Fannie Mae Pool	2.30%	43.6%	4,829,697	$4.64M	-	-
10	Debt	Fannie Mae Pool	2.17%	45.8%	4,972,613	$4.40M	-	-
11	Debt	Sequoia Mortgage Trust 2023-4	1.92%	47.7%	4,043,968	$3.88M	-	-
12	—	Point Securitization Trust Pnt 2026 2 A1 144A	1.91%	49.6%	4,000,000	$3.86M	-	-
13	Debt	Towd Point Mortgage Trust	1.89%	51.5%	3,972,604	$3.83M	-	-
14	—	Freddie Mac Pool 2042-02-01	1.58%	53.1%	3,634,668	$3.19M	-	-
15	—	Freddie Mac Pool	1.49%	54.6%	3,718,154	$3.02M	-	-
16	—	Rckt 2021-5 A1 11/51	1.48%	56.0%	3,691,159	$3.00M	-	-
17	Debt	Gs Mortgage-Backed Securities Trust 2024-Rpl2	1.42%	57.5%	3,000,000	$2.87M	-	-
18	—	Fnma 20Yr Umbs 2.0 2041-09-01	1.36%	58.8%	3,214,287	$2.76M	-	-
19	—	Pret 2025-Rpl1 TrustFinancials · Diversified Financial Services	1.29%	60.1%	2,702,607	$2.61M	Financials	Diversified Financial Services
20	—	Verus Securitization Trust 2021-4 3.052 2066-07-25	1.16%	61.3%	3,347,000	$2.35M	-	-
21	—	Fnma 20Yr Umbs 2.0 2041-11-01	1.16%	62.4%	2,746,726	$2.35M	-	-
22	Debt	Fn Ma4364	1.13%	63.6%	2,653,599	$2.28M	-	-
23	—	Fnma 20Yr Umbs 2.0 2042-01-01	1.13%	64.7%	2,665,425	$2.28M	-	-
24	Debt	GCAT 2025-INV5 Trust	1.12%	65.8%	2,309,971	$2.26M	-	-
25	Debt	Verus Securitization Trust 2026-7	1.08%	66.9%	2,300,000	$2.19M	-	-
26	Debt	Prpm_26-Rcf4 M2 144A	1.07%	68.0%	2,300,000	$2.16M	-	-
27	—	New Residential Mortgage Loan Trust 2022 Nqm4 A3 5.0000% Mat 06/25/2062	1.07%	69.0%	2,296,592	$2.17M	-	-
28	Debt	Freddie Mac Pool	1.05%	70.1%	2,261,808	$2.13M	-	-
29	—	Umbs 2052-09-01 2052-09-01	1.02%	71.1%	2,522,055	$2.06M	-	-
30	—	Deephaven Residential Mortgage Trust 2026-HE1 6.68884% 09/25/2056 6.68884 09/25/2056	0.99%	72.1%	2,000,000	$2.00M	-	-
31	Debt	Saluda Grade Alternative Mortgage Trust 2026-Loc6	0.99%	73.1%	2,000,000	$2.00M	-	-
32	Debt	Figre Trust 2026-Exp2	0.99%	74.1%	2,000,000	$2.00M	-	-
33	—	Figre Trust 2026-Hf7 5.36574% 07/25/2056	0.97%	75.0%	1,955,387	$1.95M	-	-
34	—	Pret 2025-Rpl1 A2	0.95%	76.0%	2,000,000	$1.92M	-	-
35	Debt	Aspire Mortgage Trust 2026-3	0.94%	76.9%	2,000,000	$1.89M	-	-
36	Debt	Efmt 2026-Rm2	0.93%	77.9%	2,000,000	$1.88M	-	-
37	Debt	Unlock Hea Trust 2025-2	0.93%	78.8%	1,917,862	$1.88M	-	-
38	Debt	Aspire Mortgage Trust 2026-5	0.93%	79.7%	2,000,000	$1.88M	-	-
39	—	Fannie Mae Pool Umbs P#Ma5551 4.50000000	0.92%	80.6%	1,988,131	$1.86M	-	-
40	—	Pret 2025-Rpl2 M2	0.91%	81.6%	2,000,000	$1.85M	-	-
41	—	Federal National Mortgage Association (Fnma)	0.90%	82.5%	2,134,814	$1.82M	-	-
42	Debt	Fannie Mae PoolFinancials · Thrifts	0.89%	83.3%	1,882,623	$1.81M	Financials	Thrifts
43	Debt	-Financials · Thrifts	0.86%	84.2%	1,818,512	$1.75M	Financials	Thrifts
44	Debt	New Residential Mortgage Loan Trust 2025-Nqm5	0.86%	85.1%	1,750,000	$1.73M	-	-
45	Debt	Freddie Mac Pool	0.85%	85.9%	1,790,566	$1.73M	-	-
46	—	Imperial Fund Mortgage Trust 2021-Nqm2 Ser 2021-Nqm2 Cl M1 V/R Regd 144A P/P 2.48900000 2.489	0.84%	86.8%	2,378,000	$1.69M	-	-
47	—	Colt Mortgage Loan Trust, Series 2022-3, Class B1	0.84%	87.6%	2,000,000	$1.71M	-	-
48	—	Sgr 2021-1 A3	0.81%	88.4%	1,981,297	$1.64M	-	-
49	—	Mfa 2021-Inv2 Trust, Series 2021-Inv2, Class A1Financials · Diversified Financial Services	0.81%	89.2%	2,000,000	$1.64M	Financials	Diversified Financial Services
50	—	Csmc 2022-Ath2 4.98 2067-05-25	0.79%	90.0%	1,750,000	$1.59M	-	-
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Not reported for this fund: share changes.

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MBS ETF All Holdings

MBS holdings total 155 positions. The top 10 holdings account for 45.8% of the fund, led by Fannie Mae Or Freddie Mac 2050-10-01 at 10.2%, Us 5Yr Note (Cbt) Dec26 at 9.5%, First American Government Obligations Fund at 6.1%.

MBS portfolio concentration is moderate, with the top 10 representing 45.8% of total assets. The largest sector exposure is Financials at 4.2%.

MBS sectors provide a detailed breakdown. MBS overlap shows how holdings compare to other funds in your portfolio.

Compare MBS

MBS vs SPY MBS vs QQQ MBS vs VOO MBS vs VTI MBS vs IVV MBS vs SCHD MBS vs VYM MBS vs VXUS

MBS ETF Holdings

155 of 155 holdings

Sector

Industry

Sort By

1
Fannie Mae Or Freddie Mac 2050-10-01
Other
10.20%
2
Us 5Yr Note (Cbt) Dec26
Other
9.47%
3
First American Government Obligations Fund
FGUXXUnknown
6.12%
4
Fannie Mae Or Freddie Mac
Other
5.21%
5
Fnma Tba 2049-10-01
Other
2.99%
6
Fannie Mae Pool 6% 05/01/2056 6 2056-05-01
Other
2.46%
7
Fannie Mae Pool Umbs P#Bu9929 2.00000000
Other
2.44%
8
Obx 2026-Ahc4 Trust 5.5% 09/25/2056 5.5 2056-09-25
Other
2.42%
9
Fannie Mae Pool 5% 06/01/2056
Other
2.30%
10
Fannie Mae Pool 3.5% 12/01/2052 3.5 2052-12-01
Other
2.17%
11
Sequoia Mortgage Trust 2023-4 5.6919% 11/25/2053 5.6919 2053-11-25
Other
1.92%
12
Point Securitization Trust Pnt 2026 2 A1 144A
Other
1.91%
13
Towd Point Mortgage Trust 4.5319% 07/25/2066
Other
1.89%
14
Freddie Mac Pool 2042-02-01
Other
1.58%
15
Freddie Mac Pool
Other
1.49%
16
Rckt 2021-5 A1 11/51
Other
1.48%
17
Gs Mortgage-Backed Securities Trust 2024-Rpl2 4.1113% 07/25/2061 4.1113 2061-07-25
Other
1.42%
18
Fnma 20Yr Umbs 2.0 2041-09-01
Other
1.36%
19
Pret 2025-Rpl1 Trust|4|07/25/2069, 4.00%, 07/25/69
PRET 2025-RPL1 A1Financials
1.29%
20
Verus Securitization Trust 2021-4 3.052 2066-07-25
Other
1.16%
21
Fnma 20Yr Umbs 2.0 2041-11-01
Other
1.16%
22
Fn Ma4364 2 06/01/2041
Other
1.13%
23
Fnma 20Yr Umbs 2.0 2042-01-01
Other
1.13%
24
GCAT 2025-INV5 Trust 5.5% 12/25/2055 5.5 12/25/2055
Other
1.12%
25
Verus Securitization Trust 2026-7 4.02% 09/25/2071 4.02 2071-09-25
Other
1.08%
26
Prpm_26-Rcf4 M2 144A 0% 06/26/2056
Other
1.07%
27
New Residential Mortgage Loan Trust 2022 Nqm4 A3 5.0000% Mat 06/25/2062
Other
1.07%
28
Freddie Mac Pool 4.5% 02/01/2054 4.5 2054-02-01
Other
1.05%
29
Umbs 2052-09-01 2052-09-01
Other
1.02%
30
Deephaven Residential Mortgage Trust 2026-HE1 6.68884% 09/25/2056 6.68884 09/25/2056
Other
0.99%
31
Saluda Grade Alternative Mortgage Trust 2026-Loc6 6.2483% 06/25/2056
Other
0.99%
32
Figre Trust 2026-Exp2 6.233% 08/25/2056 6.233 2056-08-25
Other
0.99%
33
Figre Trust 2026-Hf7 5.36574% 07/25/2056
Other
0.97%
34
Pret 2025-Rpl1 A2
Other
0.95%
35
Aspire Mortgage Trust 2026-3 6.4813% 05/25/2066 6.4813 2066-05-25
Other
0.94%
36
Efmt 2026-Rm2 4.75% 05/25/2056
Other
0.93%
37
Unlock Hea Trust 2025-2 6% 11/25/2041 6 2041-11-25
Other
0.93%
38
Aspire Mortgage Trust 2026-5 6.3916% 08/25/2066 6.3916 2066-08-25
Other
0.93%
39
Fannie Mae Pool Umbs P#Ma5551 4.50000000
Other
0.92%
40
Pret 2025-Rpl2 M2
Other
0.91%
41
Federal National Mortgage Association (Fnma)
Other
0.90%
42
Fannie Mae Pool 5% 11/01/2054
FN FS9909Financials
0.89%
43
Fn Ma5759 5 7/1/2055
FN MA5759Financials
0.86%
44
New Residential Mortgage Loan Trust 2025-Nqm5 6.088% 08/25/2065 6.088 2065-08-25
Other
0.86%
45
Freddie Mac Pool 5% 10/01/2054 5 2054-10-01
Other
0.85%
46
Imperial Fund Mortgage Trust 2021-Nqm2 Ser 2021-Nqm2 Cl M1 V/R Regd 144A P/P 2.48900000 2.489
Other
0.84%
47
Colt Mortgage Loan Trust, Series 2022-3, Class B1
Other
0.84%
48
Sgr 2021-1 A3
Other
0.81%
49
Mfa 2021-Inv2 Trust, Series 2021-Inv2, Class A1
MFRA 2021-INV2 A1Financials
0.81%
50
Csmc 2022-Ath2 4.98 2067-05-25
Other
0.79%
51
Obx 2026-Ces1 Trust 5.636% 04/25/2056 5.636 2056-04-25
Other
0.79%
52
Obx 2022-J2 Trust 3% 08/25/2052 3
Other
0.78%
53
Freddie Mac Pool 5.5% 12/01/2054 5.5 2054-12-01
Other
0.77%
54
Mello 2022-Inv2 A15
Other
0.77%
55
J.P. Morgan Wealth Management Series 2021-Atr1, Class A5, Variable Rate, Due 02/25/2050
Other
0.75%
56
Prpm_26-Rcf3 M2 144A 0 05/25/2056
Other
0.74%
57
Drmt 2026- Vrn 03/25/61
Other
0.73%
58
Prp Advisors Llc Prpm 2025 Rcf1 A2 144A 2055-02-25 2055-02-25
Other
0.72%
59
Citigroup Mortgage Loan Trust 2026-Ltv1 6.38% 05/25/2066 6.38 2066-05-25
Other
0.68%
60
Gs Mortgage-Backed Securities Trust 2026-Ah2 5.8818% 11/25/2056
Other
0.67%
61
Verus Securitization Trust 2021-3 Ser 2021-3 Cl B1 V/R Regd 144A P/P 3.20300000
Other
0.66%
62
Fannie Maefannie Mae Pool
Other
0.65%
63
Colt 2022-2 Mortgage Loan Trust 2067-02-25
Other
0.64%
64
Verus Securitization Trust 2026-3 6.8133% 03/25/2071 6.8133 2071-03-25
Other
0.62%
65
Pimco Multisector Bond Active Exchange-Traded Fund Usetf 5.77% 25/07/2056
Other
0.61%
66
Jp Morgan Mortgage Trust 2021-12 2.5% 02/25/2052 2.5 2052-02-25
Other
0.60%
67
Prpm 2025-Rcf1 Llc 4.5% 02/25/2055 4.5 2055-02-25
Other
0.60%
68
Provident Funding Mortgage Trust 2021-Inv1 2.5 2051-08-25
Other
0.59%
69
Starwood Mortgage Residential Trust 2022-2 02-25-2067
Other
0.59%
70
Pret 2025-Rpl3 Trust Pret 2025 Rpl3 M1 144A
Other
0.58%
71
Colt Mortgage Loan Trust, Series 2022-1, Class B2 12/27/2066
Other
0.56%
72
Verus Securitization Trust 2022-2 4.2653% 02/25/2067
Other
0.52%
73
Jpmmt 2021-1 A3 V/R 05/25/44
Other
0.51%
74
Figre Trust 2026-Exp1 6.846% 06/25/2056
Other
0.49%
75
Jp Morgan Mortgage Trust 2021-13 2.5 2052-04-25
Other
0.49%
76
Pretium Mortgage Credit Partners Llc 5.8539% 08/25/2056
Other
0.49%
77
Grade 2026 Vrn 04/25/2056 0 2056-04-25
Other
0.49%
78
Csmc 2021-Nqm8 2.405% 10/25/2066
Other
0.48%
79
Prpm 2024-Rpl2 Llc 3.5 2054-05-25
Other
0.48%
80
Point Securitization Trust 2026-1 5.25 57035 2056-02-25
Other
0.48%
81
Saluda Grade Alternative Mortgage Trust 2024-Fig5 7.297% 04/25/2054
Other
0.48%
82
Fn Ma5139 6 9/1/53
Other
0.48%
83
Csmc 2021-Nqm2 2066/02/25
Other
0.47%
84
Atlx 2024-Rpl1 Trust 4.4073% 04/25/2064
Other
0.47%
85
Atlx 2024-Rpl2 Trust 3.85 59651 2063-04-25
Other
0.47%
86
Gs Mortgage-Backed Securities Trust 2025-Rpl3 4.1% 07/25/2065
Other
0.47%
87
GS Mortgage-Backed Securities Trust 2025-RPL3 4.1% 07/25/2065 4.1 07/25/2065
Other
0.47%
88
New Residential Mortgage Loan Trust 2026-Nqm8 6.5443% 08/25/2066
Other
0.47%
89
Prpm, Llc 2025-Rpl3 3.25 2055-04-25
Other
0.47%
90
Brean Asset 4.25% 04/66 4.25
Other
0.46%
91
Colt 2021-1 Mortgage Loan Trust 2.287% 06/25/2066 2.287 2066-06-25
Other
0.46%
92
Pret 2025-Rpl1 M2
Other
0.46%
93
Gs Mortgage-Backed Securities Trust 2025-Rpl3 4.1% 07/25/2065 4.1 2065-07-25
Other
0.46%
94
Gs Mortgage-Backed Securities Trust 2021-Pj9 2% 02/26/2052 2 2052-02-26
Other
0.45%
95
Pret 2026-Rpl3 Trust 4.4% 06/25/2070
Other
0.45%
96
Csmc 2021-Nqm5 Trust 2066/05/25
Other
0.44%
97
Pretium Mortgage Credit Partne Pret 2026 Rpl3 M2 144A
Other
0.44%
98
Verus Securitization Trust Verus_21-8
Other
0.43%
99
Verus Securitization Trust 2022-3
Other
0.42%
100
Figre Trust 2025-Pf2 6.139% 10/25/2055 6.139 2055-10-25
Other
0.41%
101
Mfa 2021-Rpl1 Trust Ser 2021-Rpl1 Cl M2 V/R Regd 144A P/P 2.85470000
Other
0.41%
102
Verus Securitization 3 M1 144A Var Rt 06/25/2066 Dd 06/01/21
Other
0.40%
103
Cim Trust 2022-R1 4% 01/25/2061 4 2061-01-25
Other
0.40%
104
Starwood Mortgage Residential Trust 2022-3 4.161 2067-03-25
Other
0.39%
105
Fnma 30Yr 4% 03/01/2054
Other
0.39%
106
Freddie Mac Pool 6.5 2054-09-01
FR SD6702Financials
0.38%
107
Csmc 2021 Nqm3 M1 144A 2.317 2066-04-25
Other
0.38%
108
Citigroup Mortgage Loan Trust 2025-Ltv1 5.912% 12/25/2055 5.912 2055-12-25
Other
0.37%
109
Jpmmt 2021-4 A3 V/R 08/25/51
Other
0.37%
110
Jp Morgan Mortgage Trust 2021-6 2051-10-25
Other
0.37%
111
Saluda Grade Alternative Mortgage Trust 2022-Seq2 4.5% 02/25/2052 4.5 2052-02-25
Other
0.36%
112
Ellington Financial Mortgage Trust 2021-3
Other
0.36%
113
Csmc 2021-Afc1 Trust 2.193% 03/25/2056 2.193 2056-03-25
Other
0.34%
114
Fannie Mae Pool Fn Bf0496 3.000000% 07/01/2060
Other
0.34%
115
Sg Residential Mortgage Trust 2021-2 4.038% 12/25/2061
Other
0.30%
116
Ellington Financial Mortgage Trust 2022-1 3.8598% 01/25/2067 3.8598 2067-01-25
Other
0.29%
117
Ellington Financial Mortgage Trust 2017-1 4.141% 02/25/2066 4.141 2066-02-25
Other
0.29%
118
Gs Mortgage Backed Securities 2.5 04/25/2052
Other
0.29%
119
Fr Rb5149 2.5 03/01/2042
Other
0.29%
120
Obx 2021-J2 Trust 2.5% 07/25/2051
Other
0.28%
121
New Residential Mtg Ln Tr Mtg Bkd Nt Cl B-6 144A 2052-05-28
Other
0.27%
122
Deephaven Residential Mortgage Trust 2021-3 3.273% 08/25/2066
Other
0.26%
123
Freddie Mac Pool,Fr Sd8447 6 2054-06-01 6 2054-06-01
Other
0.26%
124
Sg Residential Mortgage Trust 2021-1
Other
0.25%
125
Atlx 2024-Rpl1 Var 04/64
Other
0.24%
126
PRPM 2026-RCF5 LLC 5.75% 08/25/2056 5.75 08/25/2056
Other
0.24%
127
Prpm 2026-Rcf5 Llc 5.75% 08/25/2056 5.75 08/25/2056
Other
0.24%
128
Prpm 2025-Rcf3 Llc 5.25 2055-07-25
Other
0.24%
129
Prpm 2024-Rcf4 Llc
Other
0.24%
130
New Residential Mortgag Mb 0% 65, 4.00%, 12/25/65
Other
0.23%
131
Towd Point Mortgage Trust 2024-4
Other
0.23%
132
New Residential Mortgage Loan Trust 2026-Rpl1 4% 12/25/2065
Other
0.22%
133
Towd Point Mortgage Trust 2020-4 2.875% 10/25/2060 2.875 2060-10-25
Other
0.22%
134
Towd Point Mortgage Trust 2024-4 4.5524% 10/27/2064 4.5524 2064-10-27
Other
0.22%
135
Obx 2021-Nqm2 Trust 1.563% 05/25/2061
Other
0.21%
136
Mfa 2021-Rpl1 Trust Ser 2021-Rpl1 Cl A2 V/R Regd 144A P/P 2.07160000
Other
0.21%
137
Obx 2021-Nqm1 Tr A1 1.072% 02/25/2066 144A
Other
0.21%
138
Saluda Grade Alternative Mortgage Trust 2025-Loc5 7.741% 10/25/2055 7.741 2055-10-25
Other
0.20%
139
Jp Morgan Mortgage Trust Series 2024-5
Other
0.19%
140
Rate Mortgage Trust 2021-J3 2.5% 10/25/2051
Other
0.16%
141
Corevest American Finance 2020-4 Trust 2.712% 12/15/2052
Other
0.13%
142
Saluda Grade Alternative Mortgage Trust 2026-Loc6 1.5% 06/25/2056
Other
0.12%
143
Wells Fargo Mortgage Backed Securities 2021-2 Trust 2.50
Other
0.12%
144
Morgan Stanley Res Ln 2023-3 B-4 6.5825% 09/25/2053
Other
0.11%
145
Verus Securitization Trust Series 2022-3, Class A3, Variable Rate, Due 02/25/2067
Other
0.08%
146
Starwood Mortgage Residential Trust 2022-3 4.161 03/25/2067
Other
0.08%
147
Mill City Mortgage Loan Trust 2017-2 Ser 2017-2 Cl M3 V/R Regd 144A P/P 3.25000000
Other
0.07%
148
Imperial Fund Mortgage Trust Series 2021-Nqm1 Cl. A3 1.617% 6/25/2056
Other
0.07%
149
Colt 2021-3 Mortgage Loan Trust 2.30
Other
0.05%
150
Ellington Financial Mortgage T Efmt 2021 2 M1 144A
Other
0.05%
151
Deephaven Residential Mortgage Trust 2021-2 2.217% 04/25/2066 2.217 2066-04-25
Other
0.04%
152
Jp Morgan Mortgage Trust Ser 2019-6 Cl B3 V/R Regd 144A P/P 4.27129000
Other
0.04%
153
J.P. Morgan Mortgage Trust 2023-6 0.2341% 12/26/2053
Other
0.03%
154
Government Natl Mtg Assn Gtd 2013-106 Remic Passthru Secs Cl Ds 2043-02-20
Other
0.02%
155
Cash & Other
Other
-20.73%

#	Company	Ticker	Weight
1	Fannie Mae Or Freddie Mac 2050-10-01	-	10.200%
2	Us 5Yr Note (Cbt) Dec26	-	9.470%
3	First American Government Obligations Fund	FGUXX	6.120%
4	Fannie Mae Or Freddie Mac	-	5.210%
5	Fnma Tba 2049-10-01	-	2.990%
6	Fannie Mae Pool 6% 05/01/2056 6 2056-05-01	-	2.460%
7	Fannie Mae Pool Umbs P#Bu9929 2.00000000	-	2.440%
8	Obx 2026-Ahc4 Trust 5.5% 09/25/2056 5.5 2056-09-25	-	2.420%
9	Fannie Mae Pool 5% 06/01/2056	-	2.300%
10	Fannie Mae Pool 3.5% 12/01/2052 3.5 2052-12-01	-	2.170%
11	Sequoia Mortgage Trust 2023-4 5.6919% 11/25/2053 5.6919 2053-11-25	-	1.920%
12	Point Securitization Trust Pnt 2026 2 A1 144A	-	1.910%
13	Towd Point Mortgage Trust 4.5319% 07/25/2066	-	1.890%
14	Freddie Mac Pool 2042-02-01	-	1.580%
15	Freddie Mac Pool	-	1.490%
16	Rckt 2021-5 A1 11/51	-	1.480%
17	Gs Mortgage-Backed Securities Trust 2024-Rpl2 4.1113% 07/25/2061 4.1113 2061-07-25	-	1.420%
18	Fnma 20Yr Umbs 2.0 2041-09-01	-	1.360%
19	Pret 2025-Rpl1 Trust\|4\|07/25/2069, 4.00%, 07/25/69	PRET 2025-RPL1 A1	1.290%
20	Verus Securitization Trust 2021-4 3.052 2066-07-25	-	1.160%
21	Fnma 20Yr Umbs 2.0 2041-11-01	-	1.160%
22	Fn Ma4364 2 06/01/2041	-	1.130%
23	Fnma 20Yr Umbs 2.0 2042-01-01	-	1.130%
24	GCAT 2025-INV5 Trust 5.5% 12/25/2055 5.5 12/25/2055	-	1.120%
25	Verus Securitization Trust 2026-7 4.02% 09/25/2071 4.02 2071-09-25	-	1.080%
26	Prpm_26-Rcf4 M2 144A 0% 06/26/2056	-	1.070%
27	New Residential Mortgage Loan Trust 2022 Nqm4 A3 5.0000% Mat 06/25/2062	-	1.070%
28	Freddie Mac Pool 4.5% 02/01/2054 4.5 2054-02-01	-	1.050%
29	Umbs 2052-09-01 2052-09-01	-	1.020%
30	Deephaven Residential Mortgage Trust 2026-HE1 6.68884% 09/25/2056 6.68884 09/25/2056	-	0.990%
31	Saluda Grade Alternative Mortgage Trust 2026-Loc6 6.2483% 06/25/2056	-	0.990%
32	Figre Trust 2026-Exp2 6.233% 08/25/2056 6.233 2056-08-25	-	0.990%
33	Figre Trust 2026-Hf7 5.36574% 07/25/2056	-	0.970%
34	Pret 2025-Rpl1 A2	-	0.950%
35	Aspire Mortgage Trust 2026-3 6.4813% 05/25/2066 6.4813 2066-05-25	-	0.940%
36	Efmt 2026-Rm2 4.75% 05/25/2056	-	0.930%
37	Unlock Hea Trust 2025-2 6% 11/25/2041 6 2041-11-25	-	0.930%
38	Aspire Mortgage Trust 2026-5 6.3916% 08/25/2066 6.3916 2066-08-25	-	0.930%
39	Fannie Mae Pool Umbs P#Ma5551 4.50000000	-	0.920%
40	Pret 2025-Rpl2 M2	-	0.910%
41	Federal National Mortgage Association (Fnma)	-	0.900%
42	Fannie Mae Pool 5% 11/01/2054	FN FS9909	0.890%
43	Fn Ma5759 5 7/1/2055	FN MA5759	0.860%
44	New Residential Mortgage Loan Trust 2025-Nqm5 6.088% 08/25/2065 6.088 2065-08-25	-	0.860%
45	Freddie Mac Pool 5% 10/01/2054 5 2054-10-01	-	0.850%
46	Imperial Fund Mortgage Trust 2021-Nqm2 Ser 2021-Nqm2 Cl M1 V/R Regd 144A P/P 2.48900000 2.489	-	0.840%
47	Colt Mortgage Loan Trust, Series 2022-3, Class B1	-	0.840%
48	Sgr 2021-1 A3	-	0.810%
49	Mfa 2021-Inv2 Trust, Series 2021-Inv2, Class A1	MFRA 2021-INV2 A1	0.810%
50	Csmc 2022-Ath2 4.98 2067-05-25	-	0.790%
51	Obx 2026-Ces1 Trust 5.636% 04/25/2056 5.636 2056-04-25	-	0.790%
52	Obx 2022-J2 Trust 3% 08/25/2052 3	-	0.780%
53	Freddie Mac Pool 5.5% 12/01/2054 5.5 2054-12-01	-	0.770%
54	Mello 2022-Inv2 A15	-	0.770%
55	J.P. Morgan Wealth Management Series 2021-Atr1, Class A5, Variable Rate, Due 02/25/2050	-	0.750%
56	Prpm_26-Rcf3 M2 144A 0 05/25/2056	-	0.740%
57	Drmt 2026- Vrn 03/25/61	-	0.730%
58	Prp Advisors Llc Prpm 2025 Rcf1 A2 144A 2055-02-25 2055-02-25	-	0.720%
59	Citigroup Mortgage Loan Trust 2026-Ltv1 6.38% 05/25/2066 6.38 2066-05-25	-	0.680%
60	Gs Mortgage-Backed Securities Trust 2026-Ah2 5.8818% 11/25/2056	-	0.670%
61	Verus Securitization Trust 2021-3 Ser 2021-3 Cl B1 V/R Regd 144A P/P 3.20300000	-	0.660%
62	Fannie Maefannie Mae Pool	-	0.650%
63	Colt 2022-2 Mortgage Loan Trust 2067-02-25	-	0.640%
64	Verus Securitization Trust 2026-3 6.8133% 03/25/2071 6.8133 2071-03-25	-	0.620%
65	Pimco Multisector Bond Active Exchange-Traded Fund Usetf 5.77% 25/07/2056	-	0.610%
66	Jp Morgan Mortgage Trust 2021-12 2.5% 02/25/2052 2.5 2052-02-25	-	0.600%
67	Prpm 2025-Rcf1 Llc 4.5% 02/25/2055 4.5 2055-02-25	-	0.600%
68	Provident Funding Mortgage Trust 2021-Inv1 2.5 2051-08-25	-	0.590%
69	Starwood Mortgage Residential Trust 2022-2 02-25-2067	-	0.590%
70	Pret 2025-Rpl3 Trust Pret 2025 Rpl3 M1 144A	-	0.580%
71	Colt Mortgage Loan Trust, Series 2022-1, Class B2 12/27/2066	-	0.560%
72	Verus Securitization Trust 2022-2 4.2653% 02/25/2067	-	0.520%
73	Jpmmt 2021-1 A3 V/R 05/25/44	-	0.510%
74	Figre Trust 2026-Exp1 6.846% 06/25/2056	-	0.490%
75	Jp Morgan Mortgage Trust 2021-13 2.5 2052-04-25	-	0.490%
76	Pretium Mortgage Credit Partners Llc 5.8539% 08/25/2056	-	0.490%
77	Grade 2026 Vrn 04/25/2056 0 2056-04-25	-	0.490%
78	Csmc 2021-Nqm8 2.405% 10/25/2066	-	0.480%
79	Prpm 2024-Rpl2 Llc 3.5 2054-05-25	-	0.480%
80	Point Securitization Trust 2026-1 5.25 57035 2056-02-25	-	0.480%
81	Saluda Grade Alternative Mortgage Trust 2024-Fig5 7.297% 04/25/2054	-	0.480%
82	Fn Ma5139 6 9/1/53	-	0.480%
83	Csmc 2021-Nqm2 2066/02/25	-	0.470%
84	Atlx 2024-Rpl1 Trust 4.4073% 04/25/2064	-	0.470%
85	Atlx 2024-Rpl2 Trust 3.85 59651 2063-04-25	-	0.470%
86	Gs Mortgage-Backed Securities Trust 2025-Rpl3 4.1% 07/25/2065	-	0.470%
87	GS Mortgage-Backed Securities Trust 2025-RPL3 4.1% 07/25/2065 4.1 07/25/2065	-	0.470%
88	New Residential Mortgage Loan Trust 2026-Nqm8 6.5443% 08/25/2066	-	0.470%
89	Prpm, Llc 2025-Rpl3 3.25 2055-04-25	-	0.470%
90	Brean Asset 4.25% 04/66 4.25	-	0.460%
91	Colt 2021-1 Mortgage Loan Trust 2.287% 06/25/2066 2.287 2066-06-25	-	0.460%
92	Pret 2025-Rpl1 M2	-	0.460%
93	Gs Mortgage-Backed Securities Trust 2025-Rpl3 4.1% 07/25/2065 4.1 2065-07-25	-	0.460%
94	Gs Mortgage-Backed Securities Trust 2021-Pj9 2% 02/26/2052 2 2052-02-26	-	0.450%
95	Pret 2026-Rpl3 Trust 4.4% 06/25/2070	-	0.450%
96	Csmc 2021-Nqm5 Trust 2066/05/25	-	0.440%
97	Pretium Mortgage Credit Partne Pret 2026 Rpl3 M2 144A	-	0.440%
98	Verus Securitization Trust Verus_21-8	-	0.430%
99	Verus Securitization Trust 2022-3	-	0.420%
100	Figre Trust 2025-Pf2 6.139% 10/25/2055 6.139 2055-10-25	-	0.410%
101	Mfa 2021-Rpl1 Trust Ser 2021-Rpl1 Cl M2 V/R Regd 144A P/P 2.85470000	-	0.410%
102	Verus Securitization 3 M1 144A Var Rt 06/25/2066 Dd 06/01/21	-	0.400%
103	Cim Trust 2022-R1 4% 01/25/2061 4 2061-01-25	-	0.400%
104	Starwood Mortgage Residential Trust 2022-3 4.161 2067-03-25	-	0.390%
105	Fnma 30Yr 4% 03/01/2054	-	0.390%
106	Freddie Mac Pool 6.5 2054-09-01	FR SD6702	0.380%
107	Csmc 2021 Nqm3 M1 144A 2.317 2066-04-25	-	0.380%
108	Citigroup Mortgage Loan Trust 2025-Ltv1 5.912% 12/25/2055 5.912 2055-12-25	-	0.370%
109	Jpmmt 2021-4 A3 V/R 08/25/51	-	0.370%
110	Jp Morgan Mortgage Trust 2021-6 2051-10-25	-	0.370%
111	Saluda Grade Alternative Mortgage Trust 2022-Seq2 4.5% 02/25/2052 4.5 2052-02-25	-	0.360%
112	Ellington Financial Mortgage Trust 2021-3	-	0.360%
113	Csmc 2021-Afc1 Trust 2.193% 03/25/2056 2.193 2056-03-25	-	0.340%
114	Fannie Mae Pool Fn Bf0496 3.000000% 07/01/2060	-	0.340%
115	Sg Residential Mortgage Trust 2021-2 4.038% 12/25/2061	-	0.300%
116	Ellington Financial Mortgage Trust 2022-1 3.8598% 01/25/2067 3.8598 2067-01-25	-	0.290%
117	Ellington Financial Mortgage Trust 2017-1 4.141% 02/25/2066 4.141 2066-02-25	-	0.290%
118	Gs Mortgage Backed Securities 2.5 04/25/2052	-	0.290%
119	Fr Rb5149 2.5 03/01/2042	-	0.290%
120	Obx 2021-J2 Trust 2.5% 07/25/2051	-	0.280%
121	New Residential Mtg Ln Tr Mtg Bkd Nt Cl B-6 144A 2052-05-28	-	0.270%
122	Deephaven Residential Mortgage Trust 2021-3 3.273% 08/25/2066	-	0.260%
123	Freddie Mac Pool,Fr Sd8447 6 2054-06-01 6 2054-06-01	-	0.260%
124	Sg Residential Mortgage Trust 2021-1	-	0.250%
125	Atlx 2024-Rpl1 Var 04/64	-	0.240%
126	PRPM 2026-RCF5 LLC 5.75% 08/25/2056 5.75 08/25/2056	-	0.240%
127	Prpm 2026-Rcf5 Llc 5.75% 08/25/2056 5.75 08/25/2056	-	0.240%
128	Prpm 2025-Rcf3 Llc 5.25 2055-07-25	-	0.240%
129	Prpm 2024-Rcf4 Llc	-	0.240%
130	New Residential Mortgag Mb 0% 65, 4.00%, 12/25/65	-	0.230%
131	Towd Point Mortgage Trust 2024-4	-	0.230%
132	New Residential Mortgage Loan Trust 2026-Rpl1 4% 12/25/2065	-	0.220%
133	Towd Point Mortgage Trust 2020-4 2.875% 10/25/2060 2.875 2060-10-25	-	0.220%
134	Towd Point Mortgage Trust 2024-4 4.5524% 10/27/2064 4.5524 2064-10-27	-	0.220%
135	Obx 2021-Nqm2 Trust 1.563% 05/25/2061	-	0.210%
136	Mfa 2021-Rpl1 Trust Ser 2021-Rpl1 Cl A2 V/R Regd 144A P/P 2.07160000	-	0.210%
137	Obx 2021-Nqm1 Tr A1 1.072% 02/25/2066 144A	-	0.210%
138	Saluda Grade Alternative Mortgage Trust 2025-Loc5 7.741% 10/25/2055 7.741 2055-10-25	-	0.200%
139	Jp Morgan Mortgage Trust Series 2024-5	-	0.190%
140	Rate Mortgage Trust 2021-J3 2.5% 10/25/2051	-	0.160%
141	Corevest American Finance 2020-4 Trust 2.712% 12/15/2052	-	0.130%
142	Saluda Grade Alternative Mortgage Trust 2026-Loc6 1.5% 06/25/2056	-	0.120%
143	Wells Fargo Mortgage Backed Securities 2021-2 Trust 2.50	-	0.120%
144	Morgan Stanley Res Ln 2023-3 B-4 6.5825% 09/25/2053	-	0.110%
145	Verus Securitization Trust Series 2022-3, Class A3, Variable Rate, Due 02/25/2067	-	0.080%
146	Starwood Mortgage Residential Trust 2022-3 4.161 03/25/2067	-	0.080%
147	Mill City Mortgage Loan Trust 2017-2 Ser 2017-2 Cl M3 V/R Regd 144A P/P 3.25000000	-	0.070%
148	Imperial Fund Mortgage Trust Series 2021-Nqm1 Cl. A3 1.617% 6/25/2056	-	0.070%
149	Colt 2021-3 Mortgage Loan Trust 2.30	-	0.050%
150	Ellington Financial Mortgage T Efmt 2021 2 M1 144A	-	0.050%
151	Deephaven Residential Mortgage Trust 2021-2 2.217% 04/25/2066 2.217 2066-04-25	-	0.040%
152	Jp Morgan Mortgage Trust Ser 2019-6 Cl B3 V/R Regd 144A P/P 4.27129000	-	0.040%
153	J.P. Morgan Mortgage Trust 2023-6 0.2341% 12/26/2053	-	0.030%
154	Government Natl Mtg Assn Gtd 2013-106 Remic Passthru Secs Cl Ds 2043-02-20	-	0.020%
155	Cash & Other	-	-20.730%