| Security | CUSIP | Shares | Traded Market Value | % of Holding ↓ |
| FNCI 983473 5.5% 05/01/38 | 31415LQ26 | 11,819,672 | $11,553,113.93 | 16.57% |
| INST US GOV SEC MMKT | 76628T249 | 8,998,120 | $8,998,120.41 | 12.90% |
| FGLMC 6 G04673 09/01/38 | 3128M6Q27 | 7,157,678 | $7,149,178.45 | 10.25% |
| FNARM 850472 VRN 11/01/35 | 31408F2D0 | 7,142,735 | $7,133,508.02 | 10.23% |
| FNMA 725027 5.00 11/01/33 | 31402CPL0 | 5,004,583 | $4,751,956.02 | 6.81% |
| FNCL 952312 6.5 10/01/37 | 31413QN53 | 4,418,783 | $4,481,641.12 | 6.42% |
| FNMA 15YR TBA 11/18/19 | 01F0424B6 | 4,570,000 | $4,342,916.70 | 6.23% |
| GNSF 5.50 10/15/35 | 36292CFT6 | 2,923,741 | $2,871,890.43 | 4.12% |
| FNCI 962804 5.00 04/01/23 | 31414DDH6 | 2,926,951 | $2,863,113.72 | 4.10% |
| FNCI 991065 4.50 10/01/08 | 31415V6A8 | 3,000,000 | $2,856,756.48 | 4.09% |
| FNMA 555227 6.50 12/01/32 | 31385WYY9 | 2,115,348 | $2,158,449.02 | 3.09% |
| FNCT 5.5% 05/01/26 | 31371MSX6 | 2,182,385 | $2,143,693.65 | 3.07% |
| FNMA 625990 5.50 12/01/16 | 31389HNF1 | 1,983,880 | $1,994,270.17 | 2.86% |
| FNCT 5 2008 11/01/28 | 31371N7B5 | 2,000,000 | $1,912,151.68 | 2.74% |
| RAAC 2004 VRN 01/25/17 | 7609857N5 | 1,874,454 | $1,888,543.20 | 2.70% |
| FGLMC A77965 5.0 06/01/38 | 3128LBZ68 | 1,791,442 | $1,695,973.48 | 2.43% |
| FNCL 254918 4.50 09/01/33 | 31371LDX4 | 1,002,509 | $910,633.41 | 1.30% |
| Total Fund Assets | | | $69,705,909.89 | 100.00% |
