| UNITED STATES TREASURY INFLATION INDEXED BONDS 1.625% 04/15/2030 | 35.36 | 353,423 |
| UNITED STATES TREASURY NOTE/BOND 0.5% 06/30/2027 | 15.34 | 165,000 |
| UNITED STATES TREASURY NOTE/BOND 3.75% 04/30/2027 | 9.89 | 100,000 |
| UNITED STATES TREASURY NOTE/BOND 1.625% 10/31/2026 | 9.63 | 100,000 |
| PENNYMAC MORTGAGE INVESTMENT TRUST 9% 06/15/2030 | 8.82 | 3,500 |
| UNITED STATES TREASURY BILL 08/19/2025 | 7.92 | 80,000 |
| MFA FINANCIAL INC 8.875% 02/15/2029 | 7.55 | 3,000 |
| CHIMERA INVESTMENT CORP 9.25% 08/15/2029 | 3.57 | 1,400 |
| U.S. BANK MONEY MARKET DEPOSIT ACCOUNT 08/01/2031 | 1.63 | 16,396 |
| CASH & OTHER | 0.30 | 3,056 |
