Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AGO	ASSURED GUARANTY LTD	20,626	$1.653M	1.3%	$80.16	—	COM	G0585R106
MA	MASTERCARD INCORPORATED	1,108	$569K	0.4%	$513.60	—	CL A	57636Q104
FISV	FISERV INC	10,025	$492K	0.4%	$49.05	—	COM	337738108
ARCC	ARES CAPITAL CORP	17,200	$319K	0.2%	$18.53	—	COM	04010L103
RYN	RAYONIER INC	12,640	$269K	0.2%	$21.28	—	COM	754907103
MELI	MERCADOLIBRE INC	132	$224K	0.2%	$1697.39	—	COM	58733R102
AAPL	APPLE INC	742	$215K	0.2%	$289.40	—	COM	037833100
VBR	VANGUARD INDEX FDS	865	$210K	0.2%	$242.99	—	SM CP VAL ETF	922908611
INTC	INTEL CORP	1,500	$209K	0.2%	$139.63	—	COM	458140100

Increased Positions (23)

META META PLATFORMS INC 1.1%

Value $1.349M (+283.3%) Shares 2,394 (+289.3%) Est. Cost $586.99 Unrealized —

MSFT MICROSOFT CORP 0.8%

Value $1.032M (+196.2%) Shares 2,766 (+193.9%) Est. Cost $389.95 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.9%

Value $1.159M (+130.1%) Shares 2,316 (+120.4%) Est. Cost $497.28 Unrealized —

JBBB JANUS DETROIT STR TR 10.7%

Value $13.72M (+4.3%) Shares 289,726 (+2.7%) Est. Cost $48.73 Unrealized —

MSDL MORGAN STANLEY DIRECT LENDIN 4.0%

Value $5.191M (+11.8%) Shares 343,317 (+3.3%) Est. Cost $17.75 Unrealized —

BN BROOKFIELD CORP 0.9%

Value $1.154M (+76.0%) Shares 27,100 (+67.3%) Est. Cost $40.99 Unrealized —

MAA MID-AMER APT CMNTYS INC 2.3%

Value $3.009M (+15.1%) Shares 21,655 (+1.2%) Est. Cost $139.70 Unrealized —

CMCSA COMCAST CORP NEW 0.6%

Value $831K (+74.5%) Shares 33,841 (+104.0%) Est. Cost $27.13 Unrealized —

OTF BLUE OWL TECHNOLOGY FIN CORP 0.7%

Value $839K (+36.6%) Shares 81,100 (+63.5%) Est. Cost $12.06 Unrealized —

ABR ARBOR REALTY TRUST INC 0.4%

Value $517K (-27.9%) Shares 95,295 (+2.6%) Est. Cost $7.65 Unrealized —

OBDC BLUE OWL CAPITAL CORPORATION 3.0%

Value $3.794M (+5.0%) Shares 349,061 (+6.8%) Est. Cost $12.96 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 1.9%

Value $2.499M (+6.7%) Shares 122,687 (+6.9%) Est. Cost $20.99 Unrealized —

CPB THE CAMPBELLS COMPANY 0.5%

Value $628K (+30.0%) Shares 28,200 (+30.0%) Est. Cost $26.14 Unrealized —

BXSL BLACKSTONE SECD LENDING FD 0.8%

Value $980K (+15.8%) Shares 41,350 (+15.7%) Est. Cost $25.65 Unrealized —

SGOV ISHARES TR 5.6%

Value $7.193M (+1.3%) Shares 71,451 (+1.3%) Est. Cost $100.41 Unrealized —

PFFA ETFIS SER TR I 1.4%

Value $1.772M (+5.4%) Shares 86,150 (+4.4%) Est. Cost $21.66 Unrealized —

OCSL OAKTREE SPECIALTY LENDING 0.9%

Value $1.098M (+8.3%) Shares 91,982 (+2.5%) Est. Cost $15.72 Unrealized —

GSBD GOLDMAN SACHS BDC INC 0.5%

Value $681K (+11.9%) Shares 71,850 (+4.8%) Est. Cost $10.13 Unrealized —

FSK FS KKR CAP CORP 0.8%

Value $1.076M (+6.2%) Shares 102,449 (+3.0%) Est. Cost $17.50 Unrealized —

— BLACKROCK FLOATING RATE INCO 1.4%

Value $1.817M (+2.4%) Shares 165,320 (+2.6%) Est. Cost $13.23 Unrealized —

ADBE ADOBE INC 0.3%

Value $422K (-6.3%) Shares 2,056 (+11.1%) Est. Cost $281.41 Unrealized —

CAG CONAGRA BRANDS INC 0.1%

Value $181K (+12.5%) Shares 13,411 (+31.3%) Est. Cost $16.93 Unrealized —

OWL BLUE OWL CAPITAL INC 1.9%

Value $2.428M (+0.0%) Shares 277,470 (+4.4%) Est. Cost $13.73 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	2,394 (+289.3%)	$1.349M (+283.3%)	1.1%	$586.99	—	CL A	30303M102
MSFT	MICROSOFT CORP	2,766 (+193.9%)	$1.032M (+196.2%)	0.8%	$389.95	—	COM	594918104
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,316 (+120.4%)	$1.159M (+130.1%)	0.9%	$497.28	—	CL B NEW	084670702
JBBB	JANUS DETROIT STR TR	289,726 (+2.7%)	$13.72M (+4.3%)	10.7%	$48.73	—	B-BBB CLO ETF	47103U753
MSDL	MORGAN STANLEY DIRECT LENDIN	343,317 (+3.3%)	$5.191M (+11.8%)	4.0%	$17.75	—	COM SHS	61774A103
BN	BROOKFIELD CORP	27,100 (+67.3%)	$1.154M (+76.0%)	0.9%	$40.99	—	CL A LTD VT SH	11271J107
MAA	MID-AMER APT CMNTYS INC	21,655 (+1.2%)	$3.009M (+15.1%)	2.3%	$139.70	—	COM	59522J103
CMCSA	COMCAST CORP NEW	33,841 (+104.0%)	$831K (+74.5%)	0.6%	$27.13	—	CL A	20030N101
OTF	BLUE OWL TECHNOLOGY FIN CORP	81,100 (+63.5%)	$839K (+36.6%)	0.7%	$12.06	—	COMMON STOCK	095924106
ABR	ARBOR REALTY TRUST INC	95,295 (+2.6%)	$517K (-27.9%)	0.4%	$7.65	—	COM	038923108
OBDC	BLUE OWL CAPITAL CORPORATION	349,061 (+6.8%)	$3.794M (+5.0%)	3.0%	$12.96	—	COM	69121K104
BKLN	INVESCO EXCH TRADED FD TR II	122,687 (+6.9%)	$2.499M (+6.7%)	1.9%	$20.99	—	SR LN ETF	46138G508
CPB	THE CAMPBELLS COMPANY	28,200 (+30.0%)	$628K (+30.0%)	0.5%	$26.14	—	COM	134429109
BXSL	BLACKSTONE SECD LENDING FD	41,350 (+15.7%)	$980K (+15.8%)	0.8%	$25.65	—	COMMON STOCK	09261X102
SGOV	ISHARES TR	71,451 (+1.3%)	$7.193M (+1.3%)	5.6%	$100.41	—	0-3 MTH TREASURY	46436E718
PFFA	ETFIS SER TR I	86,150 (+4.4%)	$1.772M (+5.4%)	1.4%	$21.66	—	VIRTUS INFRCAP	26923G822
OCSL	OAKTREE SPECIALTY LENDING	91,982 (+2.5%)	$1.098M (+8.3%)	0.9%	$15.72	—	COM	67401P405
GSBD	GOLDMAN SACHS BDC INC	71,850 (+4.8%)	$681K (+11.9%)	0.5%	$10.13	—	SHS	38147U107
FSK	FS KKR CAP CORP	102,449 (+3.0%)	$1.076M (+6.2%)	0.8%	$17.50	—	COM	302635206
—	BLACKROCK FLOATING RATE INCO	165,320 (+2.6%)	$1.817M (+2.4%)	1.4%	$13.23	—	COM	09255X100
ADBE	ADOBE INC	2,056 (+11.1%)	$422K (-6.3%)	0.3%	$281.41	—	COM	00724F101
CAG	CONAGRA BRANDS INC	13,411 (+31.3%)	$181K (+12.5%)	0.1%	$16.93	—	COM	205887102
OWL	BLUE OWL CAPITAL INC	277,470 (+4.4%)	$2.428M (+0.0%)	1.9%	$13.73	—	COM CL A	09581B103

Exited Positions (5)

KW KENNEDY-WILSON HOLDINGS INC 0.4%

Value $509K Shares 47,019 Est. Cost $10.53 Unrealized —

C CITIGROUP INC 0.2%

Value $252K Shares 2,225 Est. Cost $65.38 Unrealized —

— RIVERNORTH MANAGED DUR MUN I 0.2%

Value $251K Shares 17,100 Est. Cost $15.33 Unrealized —

BP BP PLC 0.2%

Value $233K Shares 4,966 Est. Cost $31.31 Unrealized —

GBDC GOLUB CAP BDC INC 0.1%

Value $127K Shares 10,003 Est. Cost $13.54 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KW	KENNEDY-WILSON HOLDINGS INC	47,019	$509K	0.4%	$10.53	—	—	489398107
C	CITIGROUP INC	2,225	$252K	0.2%	$65.38	—	—	172967424
—	RIVERNORTH MANAGED DUR MUN I	17,100	$251K	0.2%	$15.33	—	—	76882M104
BP	BP PLC	4,966	$233K	0.2%	$31.31	—	—	055622104
GBDC	GOLUB CAP BDC INC	10,003	$127K	0.1%	$13.54	—	—	38173M102

Decreased Positions (27)

JAAA JANUS DETROIT STR TR 17.3%

Value $22.21M (-5.7%) Shares 439,807 (-5.9%) Est. Cost $50.79 Unrealized —

ARE ALEXANDRIA REAL ESTATE EQ IN 3.9%

Value $4.957M (+10.7%) Shares 93,793 (-2.8%) Est. Cost $76.48 Unrealized —

OXY OCCIDENTAL PETE CORP 0.6%

Value $782K (-34.6%) Shares 16,100 (-12.5%) Est. Cost $45.78 Unrealized —

CNC CENTENE CORP DEL 0.6%

Value $783K (+92.5%) Shares 12,200 (-1.8%) Est. Cost $30.86 Unrealized —

VZ VERIZON COMMUNICATIONS INC 1.4%

Value $1.753M (-16.7%) Shares 41,393 (-1.3%) Est. Cost $39.47 Unrealized —

LYB LYONDELLBASELL INDUSTRIES NV 0.3%

Value $437K (-36.1%) Shares 8,300 (-2.2%) Est. Cost $44.45 Unrealized —

AHRT AH RLTY TR INC 0.8%

Value $981K (+27.0%) Shares 138,575 (-1.4%) Est. Cost $7.55 Unrealized —

NNN NNN REIT INC 1.9%

Value $2.467M (+8.7%) Shares 53,025 (-1.9%) Est. Cost $40.94 Unrealized —

DEA EASTERLY GOVT PPTYS INC 1.2%

Value $1.542M (+14.5%) Shares 61,862 (-1.6%) Est. Cost $22.55 Unrealized —

AMLP ALPS ETF TR 2.7%

Value $3.466M (-5.3%) Shares 66,845 (-3.9%) Est. Cost $47.47 Unrealized —

CZR CAESARS ENTERTAINMENT INC NE 0.5%

Value $661K (-19.1%) Shares 21,900 (-29.1%) Est. Cost $22.01 Unrealized —

PFE PFIZER INC 0.5%

Value $671K (-15.8%) Shares 27,855 (-1.8%) Est. Cost $24.97 Unrealized —

XOM EXXON MOBIL CORP 0.3%

Value $329K (-22.5%) Shares 2,406 (-3.8%) Est. Cost $112.36 Unrealized —

OKE ONEOK INC NEW 0.6%

Value $723K (-8.0%) Shares 8,315 (-4.3%) Est. Cost $73.87 Unrealized —

WPC WP CAREY INC 1.5%

Value $1.867M (+3.3%) Shares 26,108 (-1.8%) Est. Cost $56.50 Unrealized —

LMT LOCKHEED MARTIN CORP 0.2%

Value $206K (-21.5%) Shares 405 (-6.9%) Est. Cost $448.15 Unrealized —

UDR UDR INC 0.2%

Value $271K (+16.5%) Shares 6,800 (-1.4%) Est. Cost $35.52 Unrealized —

V VISA INC 0.2%

Value $265K (+12.1%) Shares 772 (-1.3%) Est. Cost $329.17 Unrealized —

DEO DIAGEO PLC 0.4%

Value $461K (+6.1%) Shares 5,733 (-1.7%) Est. Cost $100.18 Unrealized —

MLPA GLOBAL X FDS 0.7%

Value $860K (-2.7%) Shares 16,200 (-1.2%) Est. Cost $48.41 Unrealized —

CION CION INVT CORP 0.1%

Value $158K (-10.7%) Shares 25,312 (-2.0%) Est. Cost $9.55 Unrealized —

KBDC KAYNE ANDERSON BDC INC 0.2%

Value $271K (-6.5%) Shares 20,000 (-5.2%) Est. Cost $14.18 Unrealized —

STLA STELLANTIS N.V 0.0%

Value $58,548 (-22.1%) Shares 10,200 (-3.8%) Est. Cost $7.09 Unrealized —

KHC KRAFT HEINZ CO 0.3%

Value $443K (+3.4%) Shares 18,749 (-1.5%) Est. Cost $24.47 Unrealized —

CPT CAMDEN PPTY TR 1.1%

Value $1.465M (-0.8%) Shares 12,794 (-15.4%) Est. Cost $111.84 Unrealized —

SCYB SCHWAB STRATEGIC TR 0.3%

Value $393K (-0.6%) Shares 15,000 (-1.3%) Est. Cost $26.33 Unrealized —

ECC EAGLE POINT CR CO 0.0%

Value $43,942 (-2.7%) Shares 11,812 (-1.6%) Est. Cost $8.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JAAA	JANUS DETROIT STR TR	439,807 (-5.9%)	$22.21M (-5.7%)	17.3%	$50.79	—	HENDRSON AAA CL	47103U845
ARE	ALEXANDRIA REAL ESTATE EQ IN	93,793 (-2.8%)	$4.957M (+10.7%)	3.9%	$76.48	—	COM	015271109
OXY	OCCIDENTAL PETE CORP	16,100 (-12.5%)	$782K (-34.6%)	0.6%	$45.78	—	COM	674599105
CNC	CENTENE CORP DEL	12,200 (-1.8%)	$783K (+92.5%)	0.6%	$30.86	—	COM	15135B101
VZ	VERIZON COMMUNICATIONS INC	41,393 (-1.3%)	$1.753M (-16.7%)	1.4%	$39.47	—	COM	92343V104
LYB	LYONDELLBASELL INDUSTRIES NV	8,300 (-2.2%)	$437K (-36.1%)	0.3%	$44.45	—	SHS - A -	N53745100
AHRT	AH RLTY TR INC	138,575 (-1.4%)	$981K (+27.0%)	0.8%	$7.55	—	COM	04208T108
NNN	NNN REIT INC	53,025 (-1.9%)	$2.467M (+8.7%)	1.9%	$40.94	—	COM	637417106
DEA	EASTERLY GOVT PPTYS INC	61,862 (-1.6%)	$1.542M (+14.5%)	1.2%	$22.55	—	COM SHS	27616P301
AMLP	ALPS ETF TR	66,845 (-3.9%)	$3.466M (-5.3%)	2.7%	$47.47	—	ALERIAN MLP	00162Q452
CZR	CAESARS ENTERTAINMENT INC NE	21,900 (-29.1%)	$661K (-19.1%)	0.5%	$22.01	—	COM	12769G100
PFE	PFIZER INC	27,855 (-1.8%)	$671K (-15.8%)	0.5%	$24.97	—	COM	717081103
XOM	EXXON MOBIL CORP	2,406 (-3.8%)	$329K (-22.5%)	0.3%	$112.36	—	COM	30231G102
OKE	ONEOK INC NEW	8,315 (-4.3%)	$723K (-8.0%)	0.6%	$73.87	—	COM	682680103
WPC	WP CAREY INC	26,108 (-1.8%)	$1.867M (+3.3%)	1.5%	$56.50	—	COM	92936U109
LMT	LOCKHEED MARTIN CORP	405 (-6.9%)	$206K (-21.5%)	0.2%	$448.15	—	COM	539830109
UDR	UDR INC	6,800 (-1.4%)	$271K (+16.5%)	0.2%	$35.52	—	COM	902653104
V	VISA INC	772 (-1.3%)	$265K (+12.1%)	0.2%	$329.17	—	COM CL A	92826C839
DEO	DIAGEO PLC	5,733 (-1.7%)	$461K (+6.1%)	0.4%	$100.18	—	SPON ADR NEW	25243Q205
MLPA	GLOBAL X FDS	16,200 (-1.2%)	$860K (-2.7%)	0.7%	$48.41	—	GLBL X MLP ETF	37954Y343
CION	CION INVT CORP	25,312 (-2.0%)	$158K (-10.7%)	0.1%	$9.55	—	COM	17259U204
KBDC	KAYNE ANDERSON BDC INC	20,000 (-5.2%)	$271K (-6.5%)	0.2%	$14.18	—	COM SHS	48662X105
STLA	STELLANTIS N.V	10,200 (-3.8%)	$58,548 (-22.1%)	0.0%	$7.09	—	SHS	N82405106
KHC	KRAFT HEINZ CO	18,749 (-1.5%)	$443K (+3.4%)	0.3%	$24.47	—	COM	500754106
CPT	CAMDEN PPTY TR	12,794 (-15.4%)	$1.465M (-0.8%)	1.1%	$111.84	—	SH BEN INT	133131102
SCYB	SCHWAB STRATEGIC TR	15,000 (-1.3%)	$393K (-0.6%)	0.3%	$26.33	—	HIGH YIEL BD ETF	808524631
ECC	EAGLE POINT CR CO	11,812 (-1.6%)	$43,942 (-2.7%)	0.0%	$8.86	—	COM	269808101

Unchanged Positions (18)

GOOG ALPHABET INC 2.1%

Value $2.683M Shares 7,594 Est. Cost $174.91 Unrealized —

AMZN AMAZON COM INC 1.6%

Value $2.106M Shares 8,834 Est. Cost $217.42 Unrealized —

DOW DOW HLDGS INC 0.4%

Value $503K Shares 18,400 Est. Cost $31.72 Unrealized —

VICI VICI PPTYS INC 5.0%

Value $6.399M Shares 241,033 Est. Cost $29.35 Unrealized —

CCI CROWN CASTLE INC 2.0%

Value $2.554M Shares 33,719 Est. Cost $97.22 Unrealized —

ALLY ALLY FINL INC 0.8%

Value $1.004M Shares 21,844 Est. Cost $34.81 Unrealized —

APA APA CORPORATION 0.2%

Value $316K Shares 9,708 Est. Cost $22.10 Unrealized —

GOOGL ALPHABET INC 0.2%

Value $259K Shares 726 Est. Cost $209.20 Unrealized —

TPL TEXAS PACIFIC LAND CORPORATI 0.4%

Value $465K Shares 1,062 Est. Cost $339.47 Unrealized —

CCAP CRESCENT CAP BDC INC 0.2%

Value $276K Shares 25,267 Est. Cost $13.81 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.6%

Value $740K Shares 20,137 Est. Cost $32.39 Unrealized —

VOD VODAFONE GROUP PLC 0.2%

Value $207K Shares 15,642 Est. Cost $8.48 Unrealized —

BXMT BLACKSTONE MORTGAGE TRUST IN 0.2%

Value $200K Shares 11,800 Est. Cost $18.20 Unrealized —

LQD ISHARES TR 2.1%

Value $2.645M Shares 24,255 Est. Cost $107.13 Unrealized —

HURA TUHURA BIOSCIENCES INC 0.0%

Value $23,400 Shares 10,000 Est. Cost $5.32 Unrealized —

ET ENERGY TRANSFER L P 0.4%

Value $514K Shares 26,900 Est. Cost $17.47 Unrealized —

HYG ISHARES TR 0.7%

Value $932K Shares 11,649 Est. Cost $79.33 Unrealized —

DIS DISNEY WALT CO 0.4%

Value $482K Shares 5,006 Est. Cost $103.52 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	7,594	$2.683M	2.1%	$174.91	—	CAP STK CL C	02079K107
AMZN	AMAZON COM INC	8,834	$2.106M	1.6%	$217.42	—	COM	023135106
DOW	DOW HLDGS INC	18,400	$503K	0.4%	$31.72	—	COM	260557103
VICI	VICI PPTYS INC	241,033	$6.399M	5.0%	$29.35	—	COM	925652109
CCI	CROWN CASTLE INC	33,719	$2.554M	2.0%	$97.22	—	COM	22822V101
ALLY	ALLY FINL INC	21,844	$1.004M	0.8%	$34.81	—	COM	02005N100
APA	APA CORPORATION	9,708	$316K	0.2%	$22.10	—	COM	03743Q108
GOOGL	ALPHABET INC	726	$259K	0.2%	$209.20	—	CAP STK CL A	02079K305
TPL	TEXAS PACIFIC LAND CORPORATI	1,062	$465K	0.4%	$339.47	—	COM	88262P102
CCAP	CRESCENT CAP BDC INC	25,267	$276K	0.2%	$13.81	—	COM	225655109
EPD	ENTERPRISE PRODS PARTNERS L	20,137	$740K	0.6%	$32.39	—	COM	293792107
VOD	VODAFONE GROUP PLC	15,642	$207K	0.2%	$8.48	—	SPONSORED ADR	92857W308
BXMT	BLACKSTONE MORTGAGE TRUST IN	11,800	$200K	0.2%	$18.20	—	COM CL A	09257W100
LQD	ISHARES TR	24,255	$2.645M	2.1%	$107.13	—	IBOXX INV CP ETF	464287242
HURA	TUHURA BIOSCIENCES INC	10,000	$23,400	0.0%	$5.32	—	COM	898920103
ET	ENERGY TRANSFER L P	26,900	$514K	0.4%	$17.47	—	COM UT LTD PTN	29273V100
HYG	ISHARES TR	11,649	$932K	0.7%	$79.33	—	IBOXX HI YD ETF	464288513
DIS	DISNEY WALT CO	5,006	$482K	0.4%	$103.52	—	COM	254687106