Strategic Advisers Core Income Fund

Fund Profile

Fund profile

Tickers

FPCIX

Fund manager

Fidelity Rutland Square Trust II

Total assets

$50.14 bn

Liabilities

$6.44 bn

Net assets

$43.70 bn

Number of holdings

8.88 k

Top 200 of 8875 Holdings

As of Aug 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Fidelity Sai Total Bond Fund	3.83 bn	417.57 mm shares	8.76	Common equity	Long	USA
Western Asset Core Bond I	2.79 bn	258.19 mm shares	6.39	Common equity	Long	USA
PIMCO Total Return Instl	2.71 bn	310.47 mm shares	6.21	Common equity	Long	USA
iShares 7-10 Year Treasury Bond ETF	1.97 bn	20.29 mm shares	4.51	Common equity	Long	USA
PIMCO Mortgage Opportunities and BdInstl	1.79 bn	189.29 mm shares	4.09	Common equity	Long	USA
Fidelity Sai Us Treasury Bond Index Fund	1.63 bn	182.78 mm shares	3.73	Common equity	Long	USA
Voya Intermediate Bond I	1.33 bn	149.90 mm shares	3.05	Common equity	Long	USA
American Funds Bond Fund of Amer F2	1.26 bn	109.49 mm shares	2.88	Common equity	Long	USA
DoubleLine Total Return Bond N	1.21 bn	135.16 mm shares	2.76	Common equity	Long	USA
Baird Aggregate Bond Inst	1.07 bn	107.02 mm shares	2.44	Common equity	Long	USA
PIMCO Income Instl	995.77 mm	93.06 mm shares	2.28	Common equity	Long	USA
Baird Core Plus Bond Inst	933.70 mm	90.65 mm shares	2.14	Common equity	Long	USA
US TREASURY RP 5.38% 9/3/24	753.84 mm	753.84 mm principal	1.72	Repurchase agreement	Long	USA
XME SPDR S&P Metals and Mining ETF	674.39 mm	23.60 mm shares	1.54	Common equity	Long	USA
JHancock Bond R6	654.69 mm	47.54 mm shares	1.50	Common equity	Long	USA
Western Asset Core Plus Bond I	541.77 mm	57.27 mm shares	1.24	Common equity	Long	USA
JPMorgan Core Bond R6	538.46 mm	51.63 mm shares	1.23	Common equity	Long	USA
UMBS 30YR 2% 09/01/2054 #TBA	525.70 mm	642.76 mm principal	1.20	ABS-mortgage backed security	Long	USA
US TREASURY RP 5.41% 9/3/24	494.60 mm	494.60 mm principal	1.13	Repurchase agreement	Long	USA
Fidelity Securities Lending Cash Central Fund	443.89 mm	443.85 mm shares	1.02	Short-term investment vehicle	Long	USA
Fidelity Sai Long-Term Treasury Bond Index Fund	431.28 mm	58.44 mm shares	0.99	Common equity	Long	USA
UMBS 30YR 4.5% 09/01/2054 #TBA	346.36 mm	355.92 mm principal	0.79	ABS-mortgage backed security	Long	USA
UST NOTES 4.125% 07/31/2031	340.19 mm	334.01 mm principal	0.78	Debt	Long	USA
State Street Instl US Govt MMkt Premier	318.97 mm	318.97 mm shares	0.73	Common equity	Long	USA
Columbia Mortgage Opportunities A	305.21 mm	36.73 mm shares	0.70	Common equity	Long	USA
UMBS 30YR 2.5% 09/01/2054 #TBA	273.56 mm	320.91 mm principal	0.63	ABS-mortgage backed security	Long	USA
TCW Emerging Markets Income N	259.45 mm	30.31 mm shares	0.59	Common equity	Long	USA
UMBS 30YR 5% 10/01/2054 #TBA	228.45 mm	230.10 mm principal	0.52	ABS-mortgage backed security	Long	USA
UMBS 30YR 2% 10/01/2054 #TBA	227.86 mm	278.23 mm principal	0.52	ABS-mortgage backed security	Long	USA
UMBS 30YR 5.5% 09/01/2054 #TBA	211.37 mm	209.94 mm principal	0.48	ABS-mortgage backed security	Long	USA
Fidelity Cash Central Fund	203.28 mm	203.24 mm shares	0.47	Short-term investment vehicle	Long	USA
UST NOTES 4% 07/31/2029	197.44 mm	195.16 mm principal	0.45	Debt	Long	USA
UST NOTES 3.875% 08/15/2034	195.17 mm	195.91 mm principal	0.45	Debt	Long	USA
T. Rowe Price Emerging Markets Bond I	193.50 mm	20.78 mm shares	0.44	Common equity	Long	USA
UST NOTES 4.5% 11/15/2033	188.02 mm	179.85 mm principal	0.43	Debt	Long	USA
UST NOTES 3.5% 02/15/2033	187.85 mm	193.10 mm principal	0.43	Debt	Long	USA
UMBS 30YR 3% 09/01/2054 #TBA	180.51 mm	203.60 mm principal	0.41	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 2.375% 05/15/2051	161.74 mm	233.09 mm principal	0.37	Debt	Long	USA
UNITED STATES TREASURY BOND 4.625% 05/15/2044	161.36 mm	154.94 mm principal	0.37	Debt	Long	USA
UST NOTES 4.875% 10/31/2030	151.31 mm	142.87 mm principal	0.35	Debt	Long	USA
UST NOTES 3.75% 06/30/2030	148.91 mm	149.20 mm principal	0.34	Debt	Long	USA
UMBS 30YR 5.5% 10/01/2054 #TBA	142.97 mm	142.00 mm principal	0.33	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 2.875% 05/15/2052	119.17 mm	154.20 mm principal	0.27	Debt	Long	USA
UMBS 30YR 3% 10/01/2054 #TBA	116.06 mm	130.78 mm principal	0.27	ABS-mortgage backed security	Long	USA
UMBS 30YR 5% 09/01/2054 #TBA	115.81 mm	116.66 mm principal	0.26	ABS-mortgage backed security	Long	USA
UMBS 30YR 2.5% 10/01/2054 #TBA	115.18 mm	134.95 mm principal	0.26	ABS-mortgage backed security	Long	USA
UST NOTES 0.75% 04/30/2026	110.10 mm	116.20 mm principal	0.25	Debt	Long	USA
UMBS 30YR 4% 09/01/2054 #TBA	104.93 mm	110.65 mm principal	0.24	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 4% 11/15/2052	98.64 mm	102.78 mm principal	0.23	Debt	Long	USA
UST NOTES 2.75% 07/31/2027	97.32 mm	100.22 mm principal	0.22	Debt	Long	USA
GNII II 2% 09/01/2054 #TBA	94.86 mm	112.67 mm principal	0.22	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 3.625% 02/15/2053	92.69 mm	103.34 mm principal	0.21	Debt	Long	USA
UST NOTES 3.75% 05/31/2030	89.85 mm	90.00 mm principal	0.21	Debt	Long	USA
GNII II 6% 09/01/2054 #TBA	89.44 mm	88.16 mm principal	0.20	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 4.125% 08/15/2053	87.34 mm	88.94 mm principal	0.20	Debt	Long	USA
UST NOTES 1.25% 11/30/2026	84.74 mm	89.76 mm principal	0.19	Debt	Long	USA
UMBS 30YR 4.5% 10/01/2054 #TBA	83.05 mm	85.30 mm principal	0.19	ABS-mortgage backed security	Long	USA
UMBS 30YR 4% 10/01/2054 #TBA	77.82 mm	82.00 mm principal	0.18	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 1.25% 05/15/2050	75.80 mm	144.28 mm principal	0.17	Debt	Long	USA
UMBS 30YR 6% 09/01/2054 #TBA	69.64 mm	68.38 mm principal	0.16	ABS-mortgage backed security	Long	USA
GNII II 5.5% 09/01/2054 #TBA	67.85 mm	67.42 mm principal	0.16	ABS-mortgage backed security	Long	USA
UST NOTES 4% 02/28/2030	66.16 mm	65.43 mm principal	0.15	Debt	Long	USA
UST NOTES 2.75% 08/15/2032	63.87 mm	69.06 mm principal	0.15	Debt	Long	USA
UST NOTES 3.5% 01/31/2030	62.55 mm	63.40 mm principal	0.14	Debt	Long	USA
GNII II 3% 09/01/2054 #TBA	62.01 mm	68.57 mm principal	0.14	ABS-mortgage backed security	Long	USA
UST NOTES 2.75% 05/31/2029	61.67 mm	64.46 mm principal	0.14	Debt	Long	USA
UNITED STATES TREASURY BOND 4.25% 02/15/2054	61.30 mm	61.06 mm principal	0.14	Debt	Long	USA
PETROLEOS MEXICANOS 7.69% 01/23/2050	59.01 mm	79.51 mm principal	0.14	Debt	Long	Mexico
GS The Goldman Sachs Group, Inc.	57.43 mm	50.95 mm principal	0.13	Debt	Long	USA
UST NOTES 3.75% 08/15/2027	57.13 mm	57.20 mm principal	0.13	Debt	Long	USA
UST NOTES 4.625% 09/30/2030	56.71 mm	54.28 mm principal	0.13	Debt	Long	USA
UST NOTES 4.625% 10/15/2026	54.59 mm	53.82 mm principal	0.12	Debt	Long	USA
UST NOTES 4.375% 07/31/2026	53.83 mm	53.43 mm principal	0.12	Debt	Long	USA
UST NOTES 3.875% 08/15/2033	50.12 mm	50.23 mm principal	0.11	Debt	Long	USA
UNITED STATES TREASURY BOND 2.25% 02/15/2052	50.07 mm	74.43 mm principal	0.11	Debt	Long	USA
UNITED STATES TREASURY BOND 4.25% 08/15/2054	50.03 mm	49.72 mm principal	0.11	Debt	Long	USA
GNII II 3.5% 09/01/2054 #TBA	47.04 mm	50.55 mm principal	0.11	ABS-mortgage backed security	Long	USA
UST NOTES 3.5% 04/30/2030	44.56 mm	45.20 mm principal	0.10	Debt	Long	USA
BAYER US FIN II LLC 4.25% 12/15/2025 144A	44.22 mm	44.74 mm principal	0.10	Debt	Long	USA
UST NOTES 3.625% 03/31/2030	43.36 mm	43.70 mm principal	0.10	Debt	Long	USA
UNITED STATES TREASURY BOND 4.625% 05/15/2054	40.21 mm	37.62 mm principal	0.09	Debt	Long	USA
UMBS 30YR 3.5% 09/01/2054 #TBA	39.77 mm	43.21 mm principal	0.09	ABS-mortgage backed security	Long	USA
UST NOTES 3.375% 05/15/2033	39.45 mm	41.00 mm principal	0.09	Debt	Long	USA
UST NOTES 4% 01/15/2027	38.52 mm	38.41 mm principal	0.09	Debt	Long	USA
UNITED STATES TREASURY BOND 2% 02/15/2050	37.36 mm	58.35 mm principal	0.09	Debt	Long	USA
UST NOTES 4.5% 03/31/2026	37.30 mm	37.07 mm principal	0.09	Debt	Long	USA
GNII II 5% 09/01/2054 #TBA	37.08 mm	37.16 mm principal	0.08	ABS-mortgage backed security	Long	USA
UST NOTES 3.875% 12/31/2029	36.22 mm	36.04 mm principal	0.08	Debt	Long	USA
UNITED STATES TREASURY BOND 2.25% 05/15/2041	35.99 mm	47.35 mm principal	0.08	Debt	Long	USA
GNII II 6% 10/01/2054 #TBA	35.95 mm	35.45 mm principal	0.08	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 4.25% 08/15/2044	35.42 mm	36.30 mm principal	0.08	Debt	Long	USA
GREYWOLF CLO II LTD TSFR3M+140 04/15/2034 144A	35.02 mm	35.00 mm principal	0.08	ABS-collateralized bond/debt obligation	Long	Cayman Islands
UST NOTES 2.875% 05/15/2028	34.62 mm	35.73 mm principal	0.08	Debt	Long	USA
FNMA 30YR 2% 03/01/2051#MA4281	33.50 mm	40.70 mm principal	0.08	ABS-mortgage backed security	Long	USA
FHLG 30YR 1.5% 04/01/2051#SD8139	33.39 mm	42.68 mm principal	0.08	ABS-mortgage backed security	Long	USA
PETROLEOS MEXICANOS 6.5% 03/13/2027	32.41 mm	33.70 mm principal	0.07	Debt	Long	Mexico
UST NOTES 4.25% 02/28/2031	31.87 mm	31.08 mm principal	0.07	Debt	Long	USA
UNITED STATES TREASURY BOND 1.75% 08/15/2041	31.69 mm	45.58 mm principal	0.07	Debt	Long	USA
GNII II 2.5% 05/20/2052#MA8042	31.31 mm	35.84 mm principal	0.07	ABS-mortgage backed security	Long	USA
UST NOTES 4.75% 07/31/2025	30.69 mm	30.61 mm principal	0.07	Debt	Long	USA
ELMWOOD CLO II LTD TSFR3M+141.161 04/20/2034 144A	30.28 mm	30.25 mm principal	0.07	ABS-collateralized bond/debt obligation	Long	Cayman Islands
UST NOTES 0.5% 10/31/2027	30.06 mm	33.30 mm principal	0.07	Debt	Long	USA
UST NOTES 3.125% 08/31/2029	29.97 mm	30.85 mm principal	0.07	Debt	Long	USA
USTCOUP 5/15/39	29.80 mm	56.40 mm principal	0.07	Debt	Long	USA
WELLS FARGO and CO NEW 6.303%/VAR 10/23/2029	29.62 mm	27.93 mm principal	0.07	Debt	Long	USA
MS Morgan Stanley	29.41 mm	32.48 mm principal	0.07	Debt	Long	USA
TOLL BROS FIN CORP 4.35% 02/15/2028	29.33 mm	29.68 mm principal	0.07	Debt	Long	USA
USTN TII 0.125% 02/15/2051	29.29 mm	39.60 mm principal	0.07	Debt	Long	USA
BANK OF AMERICA CORPORATION 5.819%/VAR 09/15/2029	29.07 mm	27.84 mm principal	0.07	Debt	Long	USA
T-MOBILE USA INC 3.875% 04/15/2030	28.93 mm	30.07 mm principal	0.07	Debt	Long	USA
USTCOUP 8/15/39	28.68 mm	54.89 mm principal	0.07	Debt	Long	USA
UST NOTES 0.375% 01/31/2026	28.08 mm	29.60 mm principal	0.06	Debt	Long	USA
GNII II 5.5% 10/01/2054 #TBA	27.42 mm	27.25 mm principal	0.06	ABS-mortgage backed security	Long	USA
FIMM MM Government Portfolio - Instl Cl	27.41 mm	27.41 mm shares	0.06	Common equity	Long	USA
GNII II 4.5% 09/01/2054 #TBA	27.21 mm	27.80 mm principal	0.06	ABS-mortgage backed security	Long	USA
GNII II 5% 10/01/2054 #TBA	26.58 mm	26.68 mm principal	0.06	ABS-mortgage backed security	Long	USA
GNII II 2.5% 09/20/2051#MA7589	26.47 mm	30.30 mm principal	0.06	ABS-mortgage backed security	Long	USA
FHLG 30YR 5% 11/01/2053#SD8371	26.41 mm	26.61 mm principal	0.06	ABS-mortgage backed security	Long	USA
UMBS 30YR 6% 10/01/2054 #TBA	26.31 mm	25.84 mm principal	0.06	ABS-mortgage backed security	Long	USA
REGATTA XXIX FUNDING LTD 2024-3A A TSFR3M+138 09/06/2037 144A	26.00 mm	26.00 mm principal	0.06	ABS-collateralized bond/debt obligation	Long	Cayman Islands
UST NOTES 1.5% 11/30/2028	25.75 mm	28.23 mm principal	0.06	Debt	Long	USA
FHLG 30YR 5.5% 11/01/2052#SD8268	25.69 mm	25.45 mm principal	0.06	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 1.875% 02/15/2041	25.60 mm	35.59 mm principal	0.06	Debt	Long	USA
FNMA 30YR 3.5% 04/01/2052#CB3411	25.56 mm	27.72 mm principal	0.06	ABS-mortgage backed security	Long	USA
GS The Goldman Sachs Group, Inc.	25.35 mm	23.75 mm principal	0.06	Debt	Long	USA
FNMA 30YR 4% 05/01/2052#MA4644	25.29 mm	26.65 mm principal	0.06	ABS-mortgage backed security	Long	USA
UST NOTES 3.75% 04/15/2026	24.99 mm	25.11 mm principal	0.06	Debt	Long	USA
FNMA 30YR 5.5% 11/01/2052#MA4807	24.21 mm	23.98 mm principal	0.06	ABS-mortgage backed security	Long	USA
JPMORGAN CHASE and CO 6.087%/VAR 10/23/2029	24.00 mm	22.70 mm principal	0.05	Debt	Long	USA
NORTHWOODS CAPITAL XV LTD TSFR3M+147.161 06/20/2034 144A	23.76 mm	23.75 mm principal	0.05	ABS-collateralized bond/debt obligation	Long	Cayman Islands
UST BILLS 0% 10/29/2024	22.91 mm	23.09 mm principal	0.05	Debt	Long	USA
GNII II 2.5% 09/01/2054 #TBA	22.79 mm	26.08 mm principal	0.05	ABS-mortgage backed security	Long	USA
GNII II 3% 09/20/2051#MA7590	22.79 mm	25.21 mm principal	0.05	ABS-mortgage backed security	Long	USA
BATTALION CLO XI LTD / BATTALION CLO XI LLC TSFR3M+141.161 04/24/2034 144A	22.76 mm	22.75 mm principal	0.05	ABS-collateralized bond/debt obligation	Long	Cayman Islands
C Citigroup Inc.	22.65 mm	23.33 mm principal	0.05	Debt	Long	USA
UMBS 15YR 5% 09/01/2039 #TBA	22.36 mm	22.20 mm principal	0.05	ABS-mortgage backed security	Long	USA
FNMA 30YR 2% 05/01/2051#MA4325	22.29 mm	27.15 mm principal	0.05	ABS-mortgage backed security	Long	USA
WELLS FARGO and CO NEW 2.879%/VAR 10/30/2030	22.14 mm	24.15 mm principal	0.05	Debt	Long	USA
GNII II 2.5% 04/20/2052#	22.13 mm	25.34 mm principal	0.05	ABS-mortgage backed security	Long	USA
SOCIETE GENERALE FRANCE 4.25% 04/14/2025 144A	22.09 mm	22.31 mm principal	0.05	Debt	Long	France
FORD MTR CR CO LLC 4.063% 11/01/2024	22.07 mm	22.14 mm principal	0.05	Debt	Long	USA
CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 5.375% 05/01/2047	21.91 mm	26.27 mm principal	0.05	Debt	Long	USA
FNMA 30YR 2.5% 11/01/2051#MA4466	21.91 mm	25.61 mm principal	0.05	ABS-mortgage backed security	Long	USA
WELLS FARGO and CO NEW 4.3% 07/22/2027	21.80 mm	21.89 mm principal	0.05	Debt	Long	USA
FNMA 30YR 4.5% 06/01/2052#MA4684	21.73 mm	22.29 mm principal	0.05	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 1.625% 11/15/2050	21.39 mm	36.99 mm principal	0.05	Debt	Long	USA
C Citigroup Inc.	21.33 mm	21.69 mm principal	0.05	Debt	Long	USA
FNMA 30YR 1.5% 02/01/2051#MA4254	21.30 mm	27.23 mm principal	0.05	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 4.75% 11/15/2053	21.30 mm	19.55 mm principal	0.05	Debt	Long	USA
USTN TII 2.125% 02/15/2054	21.02 mm	20.20 mm principal	0.05	Debt	Long	USA
T AT&T Inc.	20.83 mm	28.42 mm principal	0.05	Debt	Long	USA
FHLG 15YR 2% 06/01/2035#QN2586	20.58 mm	22.60 mm principal	0.05	ABS-mortgage backed security	Long	USA
UST NOTES 4.125% 07/31/2028	20.16 mm	19.90 mm principal	0.05	Debt	Long	USA
UST NOTES 0.875% 06/30/2026	20.09 mm	21.24 mm principal	0.05	Debt	Long	USA
FNMA 30YR 2% 04/01/2051#MA4305	19.92 mm	24.20 mm principal	0.05	ABS-mortgage backed security	Long	USA
GNII II 6.5% 09/01/2054 #TBA	19.85 mm	19.44 mm principal	0.05	ABS-mortgage backed security	Long	USA
FNMA 30YR 3% 03/01/2052#FS0977	19.84 mm	22.07 mm principal	0.05	ABS-mortgage backed security	Long	USA
USTCOUP 5/15/41	19.77 mm	41.45 mm principal	0.05	Debt	Long	USA
BANK OF AMERICA CORPORATION 2.651%/VAR 03/11/2032	19.71 mm	22.47 mm principal	0.05	Debt	Long	USA
FHLG 30YR 4% 05/01/2052#	19.59 mm	20.65 mm principal	0.04	ABS-mortgage backed security	Long	USA
GNII II 2% 12/20/2050#MA7051	19.46 mm	23.11 mm principal	0.04	ABS-mortgage backed security	Long	USA
KKR CLO TRUST TSFR3M+143.161 07/20/2034 144A	18.92 mm	18.90 mm principal	0.04	ABS-collateralized bond/debt obligation	Long	Cayman Islands
FNMA 30YR 3% 05/01/2052#FS4815	18.75 mm	21.15 mm principal	0.04	ABS-mortgage backed security	Long	USA
FHLG 30YR 2% 05/01/2051#SD8146	18.75 mm	22.83 mm principal	0.04	ABS-mortgage backed security	Long	USA
HSBC HSBC Holdings plc	18.40 mm	17.60 mm principal	0.04	Debt	Long	UK
UST NOTES 0.75% 05/31/2026	18.39 mm	19.45 mm principal	0.04	Debt	Long	USA
GNII II 3% 10/01/2054 #TBA	18.10 mm	20.00 mm principal	0.04	ABS-mortgage backed security	Long	USA
UST BILLS 0% 11/14/2024	18.01 mm	18.20 mm principal	0.04	Debt	Long	USA
UST NOTES 4.375% 07/15/2027	17.75 mm	17.48 mm principal	0.04	Debt	Long	USA
BANK 2021-BNK32 2.349% 04/15/2054	17.58 mm	20.00 mm principal	0.04	ABS-mortgage backed security	Long	USA
MORGAN STANLEY 6.407%/VAR 11/01/2029	17.26 mm	16.20 mm principal	0.04	Debt	Long	USA
UNITED STATES TREASURY BOND 1.375% 11/15/2040	16.99 mm	25.58 mm principal	0.04	Debt	Long	USA
FNMA 30YR 2% 10/01/2050#MA4158	16.92 mm	20.51 mm principal	0.04	ABS-mortgage backed security	Long	USA
USTCOUP 8/15/40	16.85 mm	33.99 mm principal	0.04	Debt	Long	USA
FHLG 30YR 2.5% 04/01/2051#SD8141	16.62 mm	19.37 mm principal	0.04	ABS-mortgage backed security	Long	USA
BlackRock Fund Advisors	16.50 mm	315.35 k shares	0.04	Common equity	Long	USA
FNMA 30YR 2.5% 10/01/2051#MA4438	16.44 mm	19.19 mm principal	0.04	ABS-mortgage backed security	Long	USA
JPMORGAN CHASE and CO 2.525%/VAR 11/19/2041	16.37 mm	22.78 mm principal	0.04	Debt	Long	USA
FHLG 30YR 4.5% 08/01/2052#SD8238	16.16 mm	16.59 mm principal	0.04	ABS-mortgage backed security	Long	USA
GNII II 2% 10/20/2050#MA6930	15.97 mm	18.96 mm principal	0.04	ABS-mortgage backed security	Long	USA
CF HIPPOLYTA ISSUER LLC 1.69% 07/15/2060 144A	15.94 mm	16.58 mm principal	0.04	ABS-mortgage backed security	Long	USA
BANK5 2023-5YR2 6.656% 07/15/2056	15.88 mm	15.00 mm principal	0.04	ABS-mortgage backed security	Long	USA
BPR TRUST 2021-TY TSFR1M+174.77 04/15/2024 144A	15.80 mm	15.78 mm principal	0.04	ABS-mortgage backed security	Long	USA
FNMA 30YR 6% 12/01/2052#	15.77 mm	15.43 mm principal	0.04	ABS-mortgage backed security	Long	USA
FNMA 30YR 2% 12/01/2051#BQ6913	15.74 mm	19.23 mm principal	0.04	ABS-mortgage backed security	Long	USA
UBS GROUP AG 3.75% 03/26/2025	15.54 mm	15.67 mm principal	0.04	Debt	Long	Switzerland
BX COML MTG TR 2024-XL5 A TSFR1M+139.165 03/15/2039 144A	15.54 mm	15.58 mm principal	0.04	ABS-mortgage backed security	Long	USA
FNMA 30YR 2.5% 01/01/2052#	15.50 mm	18.06 mm principal	0.04	ABS-mortgage backed security	Long	USA
UNITED STATES TREASURY BOND 4% 11/15/2042	15.49 mm	16.05 mm principal	0.04	Debt	Long	USA
C Citigroup Inc.	15.47 mm	15.73 mm principal	0.04	Debt	Long	USA
NATWEST GROUP PLC 4.8% 04/05/2026	15.44 mm	15.44 mm principal	0.04	Debt	Long	UK
COF Capital One Financial Corporation	15.43 mm	15.82 mm principal	0.04	Debt	Long	USA
UMBS 30YR 3.5% 10/01/2054 #TBA	15.38 mm	16.70 mm principal	0.04	ABS-mortgage backed security	Long	USA
PM Philip Morris International Inc.	15.38 mm	14.96 mm principal	0.04	Debt	Long	USA
WELLS FARGO and CO NEW 4.478%/VAR 04/04/2031	15.34 mm	15.50 mm principal	0.04	Debt	Long	USA
BENCHMARK 2021-B24 MTG TR 2.2638% 03/15/2054	15.26 mm	17.60 mm principal	0.03	ABS-mortgage backed security	Long	USA
VENTURE 43 CLO LTD 21-43A A1 TSFR3M+150.161 04/15/2034 144A	15.22 mm	15.20 mm principal	0.03	ABS-collateralized bond/debt obligation	Long	Cayman Islands
BANK OF AMERICA CORPORATION 2.496/VAR 02/13/2031	15.11 mm	16.86 mm principal	0.03	Debt	Long	USA
BCS Barclays PLC	15.05 mm	15.00 mm principal	0.03	Debt	Long	UK
JBS USA HOLDING LUX/ JBS USA FOOD CO/ JBS LUX CO SARL 5.5% 01/15/2030	15.02 mm	14.92 mm principal	0.03	Debt	Long	Luxembourg