Top 10 Holdings %

Coupon RateMaturity%
Truist Financial Corp.6.669%12/31/2199 12:00 AM3.5%
Charles Schwab Corp/The4.000%12/31/2199 12:00 AM3.5%
Jp Morgan Mortgage Trust 2024-Ccm15.500%04/25/20553.5%
Goodgreen 2020-1 Trust2.630%04/15/20553.4%
U.S. Treasury Note1.500%02/15/20303.4%
U.S. Treasury Note4.000%01/31/20313.3%
Bat Capital Group3.215%09/06/20262.7%
Zaxby's Funding3.238%07/30/20512.6%
Hi-Fi Music lp Issuer li L.P3.939%02/01/20622.6%
Cwabs Asset-Backed Certificates Trust 2007-44.252%04/25/20472.5%

Credit Quality Breakdown

(Moody’s/S&P)

U.S.Treasury10.7%
U.S. Agency2.4%
Aaa/AAA1.4%
Aa/AA41.0%
A/A8.6%
Baa/BBB14.7%
Ba/BB0.2%
B/B0.2%
Caa/CCC0.4%
Ca/CC0.2%
Not Rated20.2%
The above credit quality ratings are derived from the underlying securities of the portfolio, and are rated by Moody’s. If a rating from Moody’s is unavailable, S&P’s rating is used.

Composition By Security Type

Municipal Bond0.3%
U.S. Government Agency2.4%
Cash Equivalents5.4%
U.S. Treasury10.8%
Asset-Backed18.9%
Corporate Bonds18.9%
Mortgage-Backed43.3%

The composition of the Portfolio is as of December 31, 2025 and is subject to change.

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