Each N-PORT filing of SMBS compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/smbs/https://themulden.com/funds/smbs/4,072 positions became 4,197: 129 added (6.62% of the fund), 4 dropped (0.25%). Turnover proxy 9%. Largest increases: Government National Mortgage Association 0.26% to 0.47%; State Street Institutional US Government Money Market Fund 1.47% to 1.68%; Government National Mortgage Association 0.05% to 0.21%; Freddie Mac 0.21% to 0.35%; Freddie Mac 0.03% to 0.13%; Freddie Mac 0.02% to 0.08%. Largest decreases: Freddie Mac 0.45% to 0.24%; Freddie Mac 0.25% to 0.04%; Fannie Mae 0.18% to 0.06%; Fannie Mae 0.11% to 0.03%; Freddie Mac 0.16% to 0.11%; Freddie Mac 0.04% to 0.01%. New: Freddie Mac (0.29%), Freddie Mac (0.25%), Freddie Mac (0.22%), Freddie Mac (0.2%), Freddie Mac (0.18%), Freddie Mac (0.17%). Gone: Freddie Mac (0.13%), Freddie Mac (0.07%), Freddie Mac (0.04%), Fannie Mae (0.01%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 24 Jul 2026 12:00:00 GMThttps://themulden.com/funds/smbs/https://themulden.com/funds/smbs/3,935 positions became 4,072: 137 added (7.19% of the fund), 0 dropped (0%). Turnover proxy 9.8%. Largest increases: Freddie Mac 0.19% to 0.45%; Fannie Mae 0.08% to 0.2%; Freddie Mac 0.03% to 0.14%; Freddie Mac 0.11% to 0.19%; Freddie Mac 0.07% to 0.15%; Fannie Mae 0.08% to 0.15%. Largest decreases: State Street Institutional US Government Money Market Fund 1.86% to 1.47%; Government National Mortgage Association 0.18% to 0.14%; Fannie Mae 0.22% to 0.18%; Government National Mortgage Association 0.26% to 0.22%; Fannie Mae 0.19% to 0.16%; Government National Mortgage Association 0.17% to 0.14%. New: Government National Mortgage Association (0.25%), Freddie Mac (0.25%), Government National Mortgage Association (0.24%), Freddie Mac (0.2%), Fannie Mae (0.18%), Freddie Mac (0.16%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 24 Apr 2026 12:00:00 GMThttps://themulden.com/funds/smbs/https://themulden.com/funds/smbs/3,847 positions became 3,935: 106 added (5.08% of the fund), 18 dropped (0.2%). Turnover proxy 7.4%. Largest increases: State Street Institutional US Government Money Market Fund 1.37% to 1.86%; Fannie Mae 0.04% to 0.22%; Freddie Mac 0.07% to 0.13%; Freddie Mac 0.04% to 0.1%; Freddie Mac 0.02% to 0.07%; Fannie Mae 0.03% to 0.08%. Largest decreases: Government National Mortgage Association 0.24% to 0.18%; Government National Mortgage Association 0.21% to 0.17%; Government National Mortgage Association 0.29% to 0.26%; Government National Mortgage Association 0.2% to 0.17%; Government National Mortgage Association 0.22% to 0.19%; Freddie Mac 0.19% to 0.17%. New: Freddie Mac (0.19%), Freddie Mac (0.18%), Government National Mortgage Association (0.17%), Government National Mortgage Association (0.15%), Fannie Mae (0.14%), Government National Mortgage Association (0.14%). Gone: Freddie Mac (0.03%), Freddie Mac (0.03%), Freddie Mac (0.02%), Fannie Mae (0.02%), Freddie Mac (0.02%), Fannie Mae (0.02%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 26 Jan 2026 12:00:00 GMThttps://themulden.com/funds/smbs/https://themulden.com/funds/smbs/3,737 positions became 3,847: 130 added (5.94% of the fund), 20 dropped (0.35%). Turnover proxy 8.2%. Largest increases: Freddie Mac 0.09% to 0.3%; Freddie Mac 0.11% to 0.27%; Government National Mortgage Association 0.01% to 0.13%; Freddie Mac 0.04% to 0.15%; Freddie Mac 0.01% to 0.12%; Fannie Mae 0.02% to 0.13%. Largest decreases: Freddie Mac 0.45% to 0.11%; State Street Institutional US Government Money Market Fund 1.49% to 1.37%; Government National Mortgage Association 0.15% to 0.12%; Government National Mortgage Association 0.1% to 0.07%; Government National Mortgage Association 0.23% to 0.21%; Government National Mortgage Association 0.32% to 0.29%. New: Government National Mortgage Association (0.24%), Freddie Mac (0.16%), Fannie Mae (0.14%), Freddie Mac (0.13%), Freddie Mac (0.13%), Fannie Mae (0.13%). Gone: Freddie Mac (0.07%), Freddie Mac (0.05%), Freddie Mac (0.04%), Fannie Mae (0.03%), Fannie Mae (0.03%), Freddie Mac (0.02%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 24 Oct 2025 12:00:00 GMThttps://themulden.com/funds/smbs/https://themulden.com/funds/smbs/262 positions became 3,737: 3475 added (91.96% of the fund), 0 dropped (0%). Turnover proxy 93%. Largest increases: State Street Institutional US Government Money Market Fund 1.18% to 1.49%; Government National Mortgage Association 0.09% to 0.24%; Government National Mortgage Association 0.13% to 0.27%; Fannie Mae 0.12% to 0.25%; Government National Mortgage Association 0.14% to 0.22%; Government National Mortgage Association 0.07% to 0.14%. Largest decreases: Fannie Mae 3% to 0.03%; Freddie Mac 2.89% to 0.03%; Government National Mortgage Association 1.74% to 0.11%; Fannie Mae 1.61% to 0.13%; Government National Mortgage Association 1.55% to 0.1%; Freddie Mac 1.58% to 0.13%. New: Freddie Mac (0.45%), Freddie Mac (0.36%), Fannie Mae (0.35%), Freddie Mac (0.34%), Government National Mortgage Association (0.32%), Government National Mortgage Association (0.32%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 25 Jul 2025 12:00:00 GMThttps://themulden.com/funds/smbs/https://themulden.com/funds/smbs/240 positions became 262: 23 added (6.42% of the fund), 1 dropped (3.45%). Turnover proxy 10.5%. Largest increases: Government National Mortgage Association 0.19% to 0.55%; Freddie Mac 0.3% to 0.61%; Fannie Mae 1.31% to 1.61%; Fannie Mae 0.26% to 0.55%; Fannie Mae 0.65% to 0.93%; Fannie Mae 0.19% to 0.44%. Largest decreases: State Street Institutional US Government Money Market Fund 1.54% to 1.18%; Fannie Mae 0.59% to 0.28%; Government National Mortgage Association 1.68% to 1.38%; Fannie Mae 1.02% to 0.81%; Government National Mortgage Association 0.47% to 0.32%; Government National Mortgage Association 1.87% to 1.74%. New: Fannie Mae (3%), Government National Mortgage Association (0.31%), Government National Mortgage Association (0.26%), Fannie Mae (0.25%), Freddie Mac (0.25%), Freddie Mac (0.25%). Gone: Fannie Mae (3.45%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 24 Apr 2025 12:00:00 GMT