Please ensure Javascript is enabled for purposes of website accessibility Securitized Income ETF - Janus Henderson Investors - US Advisor
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For Financial Professionals in the US

Securitized Income ETF Holdings

Full Portfolio Holdings

(As of 12/24/2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
GNMA II TBA 30yr 2.5% January Delivery, 2.50%, 01/22/26 G2SF 21H022614 - - 136,700,000 $118,285,690 $118,285,690 8.62 $118,285,690
Fannie Mae or Freddie Mac|5.5|01/14/2026, 5.50%, 01/14/26 FNCL 01F052615 - - 65,610,000 $66,502,296 $66,502,296 4.84 $66,502,296
UMBS TBA 30yr 5% January Delivery, 5.00%, 01/14/26 FNCL 01F050619 - - 63,560,000 $63,443,495 $63,443,495 4.62 $63,443,495
UMBS TBA 30yr 6.5% January Delivery, 6.50%, 01/14/26 FNCL 01F062614 - - 60,613,000 $62,975,695 $62,975,695 4.58 $62,975,695
UMBS TBA 30yr 6% January Delivery, 6.00%, 01/14/26 FNCL 01F060618 - - 57,605,000 $59,097,546 $59,097,546 4.30 $59,097,546
UMBS TBA 30yr 3.5% February Delivery, 3.50%, 02/12/26 FNCL 01F032625 - - 30,930,000 $28,549,225 $28,549,225 2.07 $28,549,225
UMBS TBA 30yr 4.5% January Delivery, 4.50%, 01/14/26 FNCL 01F042616 - - 25,880,000 $25,284,346 $25,284,346 1.83 $25,284,346
UMBS TBA 30yr 3% January Delivery, 3.00%, 01/14/26 FNCL 01F030611 - - 25,640,000 $22,728,578 $22,728,578 1.65 $22,728,578
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.7218% 25-FEB-2045, 5.72%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,902,517 $16,902,517 1.23 $16,822,341
CENT Trust 2025-CITY A 4.919988% 10-JUL-2040, 4.92%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,830,580 $12,830,580 0.94 $12,789,138
Fannie Mae REMIC Trust 2025-12 FC 5.1718% 25-MAR-2055, 5.17%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,633,350 $12,723,835 $12,723,835 0.93 $12,669,387
Orion CLO 2023-1 A1R 5.12924% 25-OCT-2038, 5.13%, 10/25/38 ANTOR 2023-1A 68626CAJ3 - - 12,500,000 $12,583,378 $12,583,378 0.92 $12,519,262
ALA Trust 2025-OANA A 5.49363% 15-JUN-2040, 5.49%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,127,477 $12,127,477 0.88 $12,109,083
OHA CREDIT FUNDING 24 FLTG 2039 A2, 0.00%, 01/20/39 OAKC 2025-24A 67123CAC8 - - 12,000,000 $12,025,200 $12,025,200 0.88 $12,025,200
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,716,470 $11,808,543 $11,808,543 0.86 $11,707,857
Freddie Mac Multiclass Certificates, Series 5544 FC 5.0718% 25-JUN-2055, 5.07%, 06/25/55 FHR 5544 3137HLNP3 - - 11,442,413 $11,541,511 $11,541,511 0.84 $11,493,150
AB BSL CLO 1 A2R2 5.46673% 15-OCT-2038, 5.47%, 10/15/38 ABBSL 2020-1A 00038KBL4 - - 11,000,000 $11,102,859 $11,102,859 0.81 $11,019,339
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 10,553,049 $10,879,788 $10,879,788 0.79 $10,655,909
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 7.8218% 25-FEB-2042, 7.82%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 10,489,989 $10,876,506 $10,876,506 0.79 $10,808,131
Apld Computeco LLC 9.25% 15-DEC-2030, 9.25%, 12/15/30 APLD 00202DAA5 - - 10,892,000 $10,802,934 $10,802,934 0.79 $10,704,981
BX Commercial Mortgage Trust 2024-XL4 A 5.19215% 15-FEB-2039, 5.19%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,634,914 $10,634,914 0.78 $10,619,606
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,289,927 $10,289,927 0.75 $10,271,921
WB Commercial Mortgage Trust 2024-HQ A 6.134383% 16-MAR-2040, 5.94%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,031,299 $10,031,299 0.73 $9,991,722
ARES LV CLO FLTG 2039, 5.19%, 01/15/39 ARES 2025-78A 03990NAC9 - - 10,000,000 $10,008,825 $10,008,825 0.73 $9,998,739
BX Trust 2025-VLT7 E 7.50012% 15-JUL-2044, 7.50%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $9,934,499 $9,934,499 0.72 $9,913,736
BX Trust 2024-FNX A 5.19242% 15-NOV-2041, 5.19%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,908,667 $9,908,667 0.72 $9,894,398
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 8,975,299 $9,212,622 $9,212,622 0.67 $8,997,666
Flash Compute LLC 7.25% 31-DEC-2030, 7.25%, 12/31/30 FLASHC 33853QAA9 - - 8,932,000 $8,883,053 $8,883,053 0.65 $8,883,053
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,711,146 $8,711,146 0.64 $8,689,690
Regatta XXIV Funding Ltd., 5.23%, 01/25/39 REG26 2023-2A 75900QAQ8 - - 8,300,000 $8,314,066 $8,314,066 0.61 $8,298,383
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,308,448 $8,308,448 0.61 $8,302,298
BAIN CAPITAL CREDIT CLO 2018-1, 5.24%, 01/19/39 BCC 2025-5A 056917AC1 - - 8,000,000 $8,028,000 $8,028,000 0.59 $8,028,000
CBAMR 2018-8 Ltd., 5.21%, 03/20/38 CBAMR 2019-11RA 14988AAC8 - - 8,000,000 $8,023,948 $8,023,948 0.59 $7,999,614
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $7,825,592 $7,825,592 0.57 $7,778,718
PMT LOAN TRUST 2025-J3 FLTG 2056 A3, 5.47%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 7,747,385 $7,806,665 $7,806,665 0.57 $7,769,909
Radian Mortgage Capital Trust 2025-J4 A25 5.73078% 25-MAR-2056, 5.62%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 7,728,866 $7,780,158 $7,780,158 0.57 $7,743,949
WULF Compute LLC 7.75% 15-OCT-2030, 7.75%, 10/15/30 WULF 982911AA7 - - 7,439,000 $7,756,665 $7,756,665 0.57 $7,657,375
OBX 2025-J3 TRUST FLTG 2055 AF, 5.57%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,657,400 $7,692,782 $7,692,782 0.56 $7,657,227
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,530,516 $7,530,516 0.55 $7,518,849
Extended Stay America Trust 2025-ESH B 5.35012% 15-OCT-2042, 5.35%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,528,441 $7,528,441 0.55 $7,517,295
HILT 2025-NVIL A 5.49312% 15-JUL-2042, 5.49%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,437,753 $7,437,753 0.54 $7,426,461
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $7,203,693 $7,203,693 0.53 $7,176,445
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,172,039 $7,172,039 0.52 $7,161,755
Connecticut Avenue Securities Trust 2025-R01 1M1 5.1718% 25-JAN-2045, 5.17%, 01/25/45 CAS 2025-R01 20755JAB9 - - 6,871,463 $6,904,766 $6,904,766 0.50 $6,875,151
BX Commercial Mortgage Trust 2024-AIRC A 5.44124% 15-AUG-2041, 5.44%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,899,592 $6,899,592 0.50 $6,889,191
KRE Commercial Mortgage Trust 2025-AIP4 A 5.05012% 15-MAR-2042, 5.05%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,897,350 $6,897,350 0.50 $6,889,605
PRPM 2025-RCF6 LLC 6.4% 55, 5.50%, 12/25/55 PRPM 2025-RCF6 69393BAC9 - - 6,852,000 $6,844,375 $6,844,375 0.50 $6,787,846
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A2 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAB7 - - 6,705,500 $6,717,647 $6,717,647 0.49 $6,684,120
Cipher Compute LLC 7.125% 15-NOV-2030, 7.12%, 11/15/30 CIFR 17253NAA5 - - 6,464,000 $6,641,518 $6,641,518 0.48 $6,587,786
RAD CLO 31 FLTG 2039 A1B, 5.13%, 04/17/39 RAD 2025-31A 74939NAC4 - - 6,600,000 $6,640,899 $6,640,899 0.48 $6,634,320
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.5718% 25-OCT-2041, 11.57%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,633,399 $6,633,399 0.48 $6,528,860
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.3218% 25-SEP-2041, 10.32%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 6,288,000 $6,528,033 $6,528,033 0.48 $6,473,947
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,482,822 $6,482,822 0.47 $6,473,720
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 6,411,000 $6,470,849 $6,470,849 0.47 $6,441,593
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.29348% 25-OCT-2057, 6.32%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,157,208 $6,385,303 $6,385,303 0.47 $6,352,882
BLP Commercial Mortgage Trust 2024-IND2 A 5.09227% 15-MAR-2041, 5.09%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,236,454 $6,241,053 $6,241,053 0.46 $6,232,231
SMRT Commercial Mortgage Trust 2022-MINI D 5.70012% 15-JAN-2039, 5.70%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 6,250,000 $6,240,779 $6,240,779 0.46 $6,230,881
BX Trust 2025-TAIL D 6.20012% 15-JUN-2035, 6.20%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,010,312 $6,010,312 0.44 $5,999,979
HPEFS EQUIPMENT TRUST 2025-2 0% 33, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $6,001,735 $6,001,735 0.44 $5,997,760
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,096,045 $5,973,767 $5,973,767 0.44 $5,902,823
FS Commercial Mortgage Trust 2023-4SZN D 9.08008% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,919,832 $5,919,832 0.43 $5,885,025
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 5,871,500 $5,887,167 $5,887,167 0.43 $5,782,617
BX Trust 2024-CNYN D 6.44021% 15-APR-2041, 6.44%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,769,688 $5,812,163 $5,812,163 0.42 $5,801,841
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.1718% 25-SEP-2041, 6.17%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 5,568,144 $5,643,904 $5,643,904 0.41 $5,615,266
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 5,517,000 $5,576,028 $5,576,028 0.41 $5,551,022
PRPM 2025-RCF5 5.31%55 A2, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,542,149 $5,542,149 0.40 $5,498,342
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.5718% 25-MAY-2045, 5.57%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,528,968 $5,528,968 0.40 $5,503,379
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,374,803 $5,485,268 $5,485,268 0.40 $5,455,953
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,415,498 $5,415,498 0.39 $5,406,522
Connecticut Avenue Securities, Series 2021-R03 1M2 5.7218% 25-DEC-2041, 5.72%, 12/25/41 CAS 2021-R03 20754AAB9 - - 5,331,472 $5,386,299 $5,386,299 0.39 $5,360,878
LUXURY LEASE PARTN 2025-A 5.51%32 A, 5.51%, 03/15/32 LLP 2025-A 55069BAA5 - - 5,280,000 $5,297,694 $5,297,694 0.39 $5,291,229
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,214,353 $5,214,353 0.38 $5,182,288
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,049,395 $5,198,101 $5,198,101 0.38 $5,061,004
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.57%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,182,953 $5,182,953 0.38 $5,158,956
NYC Commercial Mortgage Trust 2025-1155 D 7.358% 10-JUN-2042, 7.36%, 06/10/42 NYC 2025-1155 67122BAE7 - - 5,000,000 $5,166,112 $5,166,112 0.38 $5,141,586
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.8718% 25-NOV-2041, 11.87%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,116,365 $5,116,365 0.37 $5,068,878
Ares LXXI CLO A2 5.58444% 20-APR-2037, 5.99%, 04/20/37 ARES 2024-71A 04020MAC3 - - 5,000,000 $5,068,351 $5,068,351 0.37 $5,014,246
SALUDA GR ALT MTG TR 2025-LOC5 A1B, 5.75%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,042,700 $5,042,700 0.37 $5,018,724
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 4,812,852 $5,033,539 $5,033,539 0.37 $4,876,205
GOLDENTREE LOAN MANAGEM US 1 FLTG, 5.24%, 01/20/39 GLM 2025-27A 38140AAE8 - - 5,000,000 $5,013,678 $5,013,678 0.37 $4,998,399
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $5,007,838 $5,007,838 0.37 $5,000,768
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $4,987,633 $4,987,633 0.36 $4,963,649
BX Trust 2025-DIME E 6.75012% 15-FEB-2035, 6.75%, 02/15/35 BX 2025-DIME 05613UAJ0 - - 5,000,000 $4,969,049 $4,969,049 0.36 $4,959,674
Avis Budget Rental Car Funding (AESOP) Series 2021-1 D 3.71% 20-AUG-2027, 3.71%, 08/20/27 AESOP 2021-1A 05377REL4 - - 5,000,000 $4,961,862 $4,961,862 0.36 $4,959,285
FHF ISSUER TRUST 2024-1 0% 30, 5.75%, 05/15/30 FHF 2025-2A 30343DAB0 - - 4,891,000 $4,957,876 $4,957,876 0.36 $4,950,064
SCG Commercial Mortgage Trust 2025-DLFN E 6.70012% 15-MAR-2035, 6.70%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,882,424 $4,882,424 0.36 $4,873,296
Fannie Mae REMIC Trust 2025-9 FA 5.2718% 25-MAR-2055, 5.27%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,825,163 $4,868,322 $4,868,322 0.35 $4,847,124
FHLMC STACR REMIC TR 2025-DNA3 M1, 5.17%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 4,838,961 $4,861,452 $4,861,452 0.35 $4,840,597
Chase Auto Credit Linked Notes, Series 2025-1 E 6.024% 25-JUN-2033, 6.02%, 02/25/33 CACLN 2025-1 46591HCV0 - - 4,854,466 $4,861,340 $4,861,340 0.35 $4,836,970
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 4,809,009 $4,852,707 $4,852,707 0.35 $4,827,189
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 4,722,088 $4,844,180 $4,844,180 0.35 $4,714,686
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A1 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAA9 - - 4,722,485 $4,790,008 $4,790,008 0.35 $4,736,880
BX Commercial Mortgage Trust 2024-MF D 6.43994% 15-FEB-2039, 6.44%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,755,522 $4,755,522 0.35 $4,747,047
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,588,500 $4,708,182 $4,708,182 0.34 $4,679,580
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,705,507 $4,705,507 0.34 $4,673,107
BX Commercial Mortgage Trust 2024-BIO2 D 7.71271% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,618,639 $4,618,639 0.34 $4,594,462
ALLY BK AUTO CR LKD NT 2025-B E, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - - 4,612,330 $4,613,941 $4,613,941 0.34 $4,606,044
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.54348% 25-OCT-2057, 6.57%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,447,855 $4,612,501 $4,612,501 0.34 $4,588,154
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,580,481 $4,580,481 0.33 $4,571,169
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,549,915 $4,549,915 0.33 $4,527,419
OnDeck Asset Securitization IV, Series 2025-1 B 5.52% 17-APR-2032, 5.52%, 04/19/32 ONDK 2025-1A 68237DAB9 - - 4,500,000 $4,542,885 $4,542,885 0.33 $4,537,365
NRTH Commercial Mortgage Trust 2025-PARK B 5.39304% 15-OCT-2040, 5.39%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,517,325 $4,517,325 0.33 $4,510,584
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.0718% 25-DEC-2041, 11.07%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 4,263,254 $4,507,245 $4,507,245 0.33 $4,467,910
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,425,055 $4,491,056 $4,491,056 0.33 $4,425,214
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,393,695 $4,464,480 $4,464,480 0.33 $4,437,393
Hotwire Funding, Series 2021-1 C_2021_1 4.459% 20-NOV-2051, 4.46%, 11/20/51 HWIRE 2021-1 44148JAC3 - - 4,500,000 $4,429,091 $4,429,091 0.32 $4,426,304
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - - 4,403,742 $4,428,089 $4,428,089 0.32 $4,403,109
Fora Financial Asset Securitization, Series 2024-1 A 6.33% 15-MAY-2027, 6.33%, 08/15/29 FORA 2024-1A 34512PAA2 - - 4,333,000 $4,369,755 $4,369,755 0.32 $4,362,136
TOWD POINT MORTGAGE TRUS 5.98666% 65, 5.72%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,345,642 $4,345,642 0.32 $4,325,420
GWT Commercial Mortgage Trust 2024-WLF2 E 7.38855% 15-MAY-2041, 7.39%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 4,322,000 $4,343,773 $4,343,773 0.32 $4,334,903
Taco Bell Funding Series 2021-1 A2I 1.946% 25-AUG-2051, 1.95%, 08/25/51 BELL 2021-1A 87342RAG9 - - 4,440,900 $4,327,198 $4,327,198 0.32 $4,319,996
Sotheby's ArtFi Master Trust, Series 2024-1 C 6.83% 20-DEC-2031, 6.83%, 12/22/31 ARTFI 2024-1A 83589CAD0 - - 4,250,000 $4,268,468 $4,268,468 0.31 $4,264,436
COMM 2024-WCL1 Mortgage Trust D 7.04% 17-JUN-2041, 7.04%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 4,250,000 $4,255,346 $4,255,346 0.31 $4,247,036
IRV Trust 2025-200P C 5.73037% 14-MAR-2047, 5.73%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,250,342 $4,250,342 0.31 $4,234,297
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,036,364 $4,243,289 $4,243,289 0.31 $4,081,010
MTN Commercial Mortgage Trust 2022-LPFL A 5.1569% 15-MAR-2039, 5.16%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,240,401 $4,240,401 0.31 $4,234,327
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,059,241 $4,162,676 $4,162,676 0.30 $4,062,865
BX Trust 2024-VLT4 E 6.639524% 15-JUN-2041, 6.64%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,143,592 $4,143,592 0.30 $4,135,944
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,138,869 $4,138,869 0.30 $4,132,742
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 3,954,935 $4,128,362 $4,128,362 0.30 $4,088,509
Citigroup Mortgage Loan Trust 2025-LTV1 A1 5.237% 25-DEC-2055, 5.24%, 12/25/55 CMLTI 2025-LTV1 17332XAA8 - - 4,068,000 $4,082,869 $4,082,869 0.30 $4,068,667
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA1 M2 9.3218% 25-MAR-2042, 9.32%, 03/25/42 STACR 2022-HQA1 35564KTJ8 - - 3,856,000 $4,079,019 $4,079,019 0.30 $4,049,065
BX Trust 2024-BRBK A 6.62976% 15-OCT-2041, 6.61%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,014,754 $4,014,754 0.29 $4,007,420
BLP Trust 2025-IND2 D 6.40012% 15-DEC-2042, 6.40%, 12/15/42 BLP 2025-IND2 05556WAG1 - - 4,000,000 $4,011,470 $4,011,470 0.29 $4,004,359
Affirm Asset Securitization Trust 2025-X2 D 5.23% 15-OCT-2030, 5.23%, 10/15/30 AFFRM 2025-X2 00835DAD4 - - 4,000,000 $3,990,496 $3,990,496 0.29 $3,984,685
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 3,633,507 $3,986,259 $3,986,259 0.29 $3,647,943
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 3,830,639 $3,888,902 $3,888,902 0.28 $3,854,318
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,802,147 $3,873,196 $3,873,196 0.28 $3,793,595
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,741,816 $3,873,179 $3,873,179 0.28 $3,778,120
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,809,086 $3,809,086 0.28 $3,791,038
BX Trust 2025-ARIA C 5.517301% 13-DEC-2042, 5.52%, 12/13/42 BX 2025-ARIA 05619TAE8 - - 3,760,000 $3,798,493 $3,798,493 0.28 $3,781,781
FREMF 2023-K511 Mortgage Trust C 5.634469% 25-NOV-2028, 5.82%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,797,690 $3,797,690 0.28 $3,762,756
BMP Commercial Mortgage Trust 2024-MF23 D 6.14061% 15-JUN-2041, 6.14%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,763,772 $3,763,772 0.27 $3,757,375
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,759,246 $3,759,246 0.27 $3,739,334
Extended Stay America Trust 2025-ESH E 7.10012% 15-OCT-2042, 7.10%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,707,066 $3,707,066 0.27 $3,699,818
Extended Stay America Trust 2025-ESH D 6.35012% 15-OCT-2042, 6.35%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,703,271 $3,703,271 0.27 $3,696,788
RCKT MORTGAGE TRUST 2025-C 5.212% 55, 4.97%, 11/25/55 RCKT 2025-CES11 749423AA7 - - 3,626,026 $3,684,455 $3,684,455 0.27 $3,625,339
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 3,708,306 $3,634,464 $3,634,464 0.27 $3,629,581
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,634,033 $3,634,033 0.26 $3,618,313
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.2218% 25-FEB-2045, 5.22%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 3,575,767 $3,592,542 $3,592,542 0.26 $3,576,982
BX Commercial Mortgage Trust 2024-XL5 D 6.43992% 15-MAR-2041, 6.44%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,570,000 $3,577,621 $3,577,621 0.26 $3,571,235
BX Trust 2025-LUNR D 6.25012% 15-JUN-2040, 6.25%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,550,721 $3,564,638 $3,564,638 0.26 $3,558,474
DROP Mortgage Trust 2021-FILE A 5.015% 15-OCT-2043, 5.01%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,556,024 $3,556,024 0.26 $3,550,940
SCG Trust 2025-SNIP D 6.35012% 15-SEP-2042, 6.35%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,526,630 $3,526,630 0.26 $3,520,456
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.8718% 25-JUL-2048, 5.87%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,500,320 $3,517,448 $3,517,448 0.26 $3,500,320
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,529,393 $3,479,864 $3,479,864 0.25 $3,476,535
CSMC 2021-BHAR C 5.865% 15-NOV-2038, 5.87%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,424,195 $3,424,195 0.25 $3,418,580
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,415,376 $3,415,376 0.25 $3,391,159
A&D MORTGAGE TRUST 2025 NQM1 0% 70, 5.12%, 12/25/70 ADMT 2025-NQM5 00250AAC8 - - 3,360,000 $3,374,484 $3,374,484 0.25 $3,363,015
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,198,468 $3,338,538 $3,338,538 0.24 $3,304,633
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,256,179 $3,302,783 $3,302,783 0.24 $3,275,026
GCAT 2025-INV5 TRUST FLT 2055 A28, 5.49%, 12/25/55 GCAT 2025-INV5 36173VBA3 - - 3,268,000 $3,266,707 $3,266,707 0.24 $3,266,707
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,255,530 $3,255,530 0.24 $3,239,283
Connecticut Avenue Securities Trust 2022-R01 1B2 10.0718% 25-DEC-2041, 10.07%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 3,108,409 $3,248,053 $3,248,053 0.24 $3,221,964
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,231,715 $3,231,715 0.24 $3,225,757
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,213,431 $3,213,431 0.23 $3,211,013
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,158,111 $3,208,930 $3,208,930 0.23 $3,194,402
SF ABS ISSUER 2025-1 0%55 A2, 5.38%, 11/25/55 SFARM 2025-1A 784193AA2 - - 3,250,000 $3,192,342 $3,192,342 0.23 $3,181,663
Amur Equipment Finance Receivables XV, Series 2025-1 D 5.68% 20-AUG-2032, 5.68%, 08/20/32 AXIS 2025-1A 03237FAE5 - - 3,129,000 $3,181,617 $3,181,617 0.23 $3,179,149
Galaxy XXVI CLO Ltd., 6.84%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,141,485 $3,171,420 $3,171,420 0.23 $3,158,280
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,161,567 $3,161,567 0.23 $3,145,677
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,093,069 $3,152,545 $3,152,545 0.23 $3,095,694
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,151,408 $3,151,408 0.23 $3,144,905
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,121,007 $3,121,007 0.23 $3,114,071
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,091,585 $3,091,585 0.23 $3,083,505
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,088,387 $3,088,387 0.23 $3,070,171
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,085,913 $3,085,913 0.23 $3,068,433
BX Trust 2024-BIO C 6.39012% 15-FEB-2041, 6.39%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,081,475 $3,081,475 0.22 $3,075,960
Connecticut Avenue Securities, Series 2021-R01 1B1 7.1718% 25-OCT-2041, 7.17%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,067,144 $3,067,144 0.22 $3,049,214
SoFi Consumer Loan Program 2025-1 Trust D 5.72% 25-FEB-2034, 5.72%, 02/27/34 SCLP 2025-1 83406YAD3 - - 3,000,000 $3,053,646 $3,053,646 0.22 $3,039,346
FIGRE TRUST 2025-HE6 FLTG 2055 C, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 3,014,787 $3,051,375 $3,051,375 0.22 $3,000,388
BFLD Commercial Mortgage Trust 2025-5MW C 5.45123% 10-OCT-2042, 5.45%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,042,562 $3,042,562 0.22 $3,031,660
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 2,970,166 $3,018,493 $3,018,493 0.22 $3,012,089
OnDeck Asset Securitization IV, Series 2025-2 B 5.23% 17-NOV-2032, 5.23%, 11/17/32 ONDK 2025-2A 67108SAJ7 - - 3,000,000 $3,016,801 $3,016,801 0.22 $3,013,315
SWITCH ABS ISSUER 2025-2 A2 II, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,012,065 $3,012,065 0.22 $2,998,653
Saluda Grade Alternative Mortgage Trust 2024-RTL6 A1 7.439% 25-JUL-2030, 7.44%, 07/25/30 GRADE 2024-RTL6 79585UAA8 - - 2,941,750 $2,992,417 $2,992,417 0.22 $2,959,592
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $2,990,410 $2,990,410 0.22 $2,983,572
BXP Trust 2017-GM E 3.4248% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,957,425 $2,957,425 0.22 $2,950,393
SWCH Commercial Mortgage Trust 2025-DATA E 7.09034% 15-FEB-2042, 7.09%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,910,430 $2,910,430 0.21 $2,904,620
FHF Issuer Trust 2025-1 (First Help Financial Trust) C 5.69% 15-AUG-2031, 5.69%, 08/15/31 FHF 2025-1A 30340RAE6 - - 2,854,000 $2,903,464 $2,903,464 0.21 $2,898,953
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,874,160 $2,874,160 0.21 $2,862,967
SCG Commercial Mortgage Trust 2025-FLWR E 6.50012% 15-AUG-2042, 6.50%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,873,388 $2,873,388 0.21 $2,868,211
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,707,589 $2,826,507 $2,826,507 0.21 $2,724,175
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,698,375 $2,822,293 $2,822,293 0.21 $2,712,305
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,811,343 $2,811,343 0.21 $2,805,463
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,804,603 $2,804,603 0.20 $2,800,319
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.382032% 15-MAR-2038, 6.18%, 03/15/38 WFCM 2025-VTT 94990GAG4 - - 2,776,000 $2,796,373 $2,796,373 0.20 $2,784,943
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 0.00%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $2,777,661 $2,777,661 0.20 $2,777,661
Great Wolf Trust 2024-WOLF G 9.18612% 15-MAR-2039, 9.19%, 03/15/39 GWT 2024-WOLF 39152MAN5 - - 2,750,000 $2,763,940 $2,763,940 0.20 $2,756,923
BX Trust 2025-ROIC E 6.69141% 15-FEB-2042, 6.69%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,760,242 $2,760,242 0.20 $2,755,091
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,623,595 $2,730,064 $2,730,064 0.20 $2,647,351
New Residential Mortgage Loan Trust 2024-RTL1 A2 7.101% 25-MAR-2039, 7.10%, 03/25/39 NRMLT 2024-RTL1 64831PAB1 - - 2,677,000 $2,708,208 $2,708,208 0.20 $2,692,367
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,689,938 $2,689,938 0.20 $2,685,138
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,646,470 $2,686,925 $2,686,925 0.20 $2,673,187
UPG HI 2025-2 ISSUER TRU 0%47 B, 5.98%, 09/25/47 UPGHI 2025-2A 90321EAB8 - - 2,665,000 $2,685,749 $2,685,749 0.20 $2,672,468
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,741,273 $2,684,288 $2,684,288 0.20 $2,676,293
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,753,099 $2,681,848 $2,681,848 0.20 $2,673,818
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 2,605,980 $2,681,574 $2,681,574 0.20 $2,674,212
MHC Commercial Mortgage Trust 2021-MHC F 6.466442% 15-APR-2038, 6.47%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,668,328 $2,668,328 0.19 $2,663,551
Lmdv Issuer Co LLC|5.9|12/15/2055, 5.90%, 12/15/55 LMDV 2025-1A 538908AC8 - - 2,652,000 $2,668,096 $2,668,096 0.19 $2,665,053
Sierra Timeshare 2025-3 Receivables Funding C 4.98% 20-AUG-2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 2,684,613 $2,666,851 $2,666,851 0.19 $2,664,995
Connecticut Avenue Securities Trust 2024-R06 1M2 5.6718% 25-SEP-2044, 5.67%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,661,195 $2,661,195 0.19 $2,648,682
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,632,898 $2,645,841 $2,645,841 0.19 $2,634,607
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 2,593,000 $2,584,992 $2,584,992 0.19 $2,580,893
Connecticut Avenue Securities Trust 2024-R05 2M1 5.0718% 25-JUL-2044, 5.07%, 07/25/44 CAS 2024-R05 20754XAB9 - - 2,553,501 $2,563,970 $2,563,970 0.19 $2,553,178
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,559,594 $2,559,594 0.19 $2,542,360
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,551,125 $2,551,125 0.19 $2,545,861
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,550,337 $2,550,337 0.19 $2,548,146
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,745,000 $2,544,797 $2,544,797 0.19 $2,520,933
Sandstone Peak III C 6.50798% 25-APR-2037, 6.51%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,542,988 $2,542,988 0.19 $2,516,324
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,537,526 $2,537,526 0.19 $2,533,776
Western Funding Auto Loan Trust 2025-1 D 5.79% 15-JAN-2036, 5.79%, 01/15/36 WEFUN 2025-1 958250AD4 - - 2,500,000 $2,537,073 $2,537,073 0.19 $2,533,052
Wells Fargo Commercial Mortgage Trust 2024-1CHI C 6.433771% 15-JUL-2035, 6.23%, 07/15/35 WFCM 2024-1CHI 95003PAE1 - - 2,500,000 $2,534,480 $2,534,480 0.18 $2,524,103
Zais CLO 11 BR 5.67444% 20-JAN-2032, 5.67%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,530,505 $2,530,505 0.18 $2,504,497
RCKTL 2025-2 0% 34, 4.95%, 11/27/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,521,780 $2,521,780 0.18 $2,502,530
OnDeck Asset Securitization IV, Series 2025-1 C 6.64% 17-APR-2032, 6.64%, 04/19/32 ONDK 2025-1A 68237DAC7 - - 2,500,000 $2,520,882 $2,520,882 0.18 $2,517,193
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,508,933 $2,508,933 0.18 $2,497,427
MTN Commercial Mortgage Trust 2022-LPFL B 5.6556% 15-MAR-2039, 5.66%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,507,830 $2,507,830 0.18 $2,503,903
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,382,634 $2,504,764 $2,504,764 0.18 $2,387,926
BX Commercial Mortgage Trust 2024-AIR2 D 6.54045% 15-OCT-2041, 6.54%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,498,796 $2,498,796 0.18 $2,494,273
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.1718% 25-JAN-2042, 11.17%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,497,589 $2,497,589 0.18 $2,475,711
FIGRE TRUST 2025-HE6 FLTG 2055 B, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 2,463,539 $2,494,637 $2,494,637 0.18 $2,453,348
280 Park Avenue 2017-280P Mortgage Trust B 5.158% 15-SEP-2034, 5.16%, 09/15/34 PRK 2017-280P 90205FAG5 - - 2,500,000 $2,485,021 $2,485,021 0.18 $2,481,439
Brean Asset Backed Securities Trust 2024-RM8 A2 4.5% 25-MAY-2064, 4.50%, 05/25/64 BABS 2024-RM8 10637YAB1 - - 2,560,000 $2,476,031 $2,476,031 0.18 $2,466,431
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 8.0% 25-APR-2029, 8.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 1,938,821 $2,466,193 $2,466,193 0.18 $1,929,445
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,455,378 $2,455,378 0.18 $2,453,513
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.34888% 20-MAR-2033, 6.17%, 03/21/33 HACLN 2025-1 446438SZ7 - - 2,437,596 $2,438,972 $2,438,972 0.18 $2,437,719
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,437,543 $2,437,543 0.18 $2,429,367
PRET 2025-RPL5 TRUST FLTG 2070 A1, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,463,288 $2,433,988 $2,433,988 0.18 $2,418,654
Westlake Automobile Receivables Trust Series 2025-P1 D 5.59% 15-JUL-2032, 5.59%, 07/15/32 WLAKE 2025-P1 96043LAG5 - - 2,379,000 $2,430,258 $2,430,258 0.18 $2,426,564
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,369,838 $2,417,188 $2,417,188 0.18 $2,356,700
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,291,495 $2,400,688 $2,400,688 0.18 $2,301,275
FHF Issuer Trust 2024-2 (First Help Financial) D 7.15% 15-SEP-2031, 7.15%, 09/15/31 FHF 2024-2A 30336NAJ0 - - 2,373,000 $2,374,987 $2,374,987 0.17 $2,370,274
PRM7 Trust 2025-PRM7 E 6.61844% 10-NOV-2042, 6.62%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,367,606 $2,367,606 0.17 $2,357,083
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,365,605 $2,365,605 0.17 $2,361,206
TOWD PT MTG TR 2025-FIX2 FLTG A1, 5.25%, 10/25/65 TPMT 2025-FIX2 89183RAA0 - - 2,307,207 $2,364,378 $2,364,378 0.17 $2,314,993
ALA Trust 2025-OANA D 6.84172% 15-JUN-2040, 6.84%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,351,839 $2,351,839 0.17 $2,347,405
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.4832% 15-NOV-2036, 6.48%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,335,412 $2,335,412 0.17 $2,331,209
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,330,941 $2,330,941 0.17 $2,317,427
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,275,045 $2,320,949 $2,320,949 0.17 $2,262,532
Connecticut Avenue Securities, Series 2021-R03 1B1 6.8218% 25-DEC-2041, 6.82%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,292,836 $2,292,836 0.17 $2,280,045
Connecticut Avenue Securities Trust 2025-R06 1M1 5.0218% 25-SEP-2045, 5.02%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,260,056 $2,268,432 $2,268,432 0.17 $2,258,974
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,177,737 $2,246,382 $2,246,382 0.16 $2,195,417
BXP Trust 2017-GM D 3.4248% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,242,779 $2,242,779 0.16 $2,237,504
Exeter Select Automobile Receivables Trust 2025-2 D 5.34% 15-JAN-2032, 5.34%, 01/15/32 ESART 2025-2 30185EAF0 - - 2,200,000 $2,203,136 $2,203,136 0.16 $2,199,873
GS Mortgage-Backed Securities Trust 2025-RPL3 A1 4.1% 25-JUL-2065, 4.10%, 07/25/65 GSMBS 2025-RPL3 362963AA8 - - 2,216,704 $2,198,677 $2,198,677 0.16 $2,169,094
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.851572% 27-SEP-2052, 0.94%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,191,244 $2,191,244 0.16 $2,187,839
Chase Auto Credit Linked Notes, Series 2025-1 F 6.996% 25-JUN-2033, 7.00%, 02/25/33 CACLN 2025-1 46591HCW8 - - 2,144,199 $2,184,500 $2,184,500 0.16 $2,171,999
BX Commercial Mortgage Trust 2024-GPA3 C 5.64198% 15-DEC-2039, 5.64%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,170,103 $2,170,103 0.16 $2,166,709
CONE Trust 2024-DFW1 A 5.39185% 15-AUG-2041, 5.39%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,165,000 $2,164,673 $2,164,673 0.16 $2,161,430
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,200,776 $2,160,222 $2,160,222 0.16 $2,127,801
Hudson's Bay Simon JV Trust 2015-HBS A10 4.1545% 05-AUG-2034, 4.15%, 08/05/34 HBCT 2015-HB10 44422PBN1 - - 2,210,000 $2,153,850 $2,153,850 0.16 $2,147,730
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,181,421 $2,145,278 $2,145,278 0.16 $2,138,916
Great Wolf Trust 2024-WOLF D 6.64012% 15-MAR-2039, 6.64%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 2,103,000 $2,109,812 $2,109,812 0.15 $2,105,933
MKT 2020-525M Mortgage Trust D 2.9406% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,071,663 $2,071,663 0.15 $2,066,762
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.4218% 25-SEP-2041, 7.42%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,045,275 $2,045,275 0.15 $2,032,720
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,036,263 $2,036,263 0.15 $2,032,330
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,035,776 $2,035,776 0.15 $2,032,449
GS MTG-BKD TRUST 2025-CES2 A1, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 1,964,368 $2,021,150 $2,021,150 0.15 $1,968,216
PRPM 2025-RCF5 6.7%55 A3, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,019,174 $2,019,174 0.15 $2,002,794
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $2,007,936 $2,007,936 0.15 $1,999,769
Acacia 2025-1 A 5.24% 15-NOV-2037, 5.24%, 11/15/37 ACACIA 2025-1 00401PAA7 - - 1,999,954 $2,005,079 $2,005,079 0.15 $2,002,168
BOCA Commercial Mortgage Trust 2025-BOCA D 6.35% 15-DEC-2042, 6.35%, 12/15/42 BOCA 2025-BOCA 05619RAD4 - - 2,000,000 $2,004,610 $2,004,610 0.15 $2,002,493
SMRT Commercial Mortgage Trust 2022-MINI F 7.10012% 15-JAN-2039, 7.10%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $1,996,318 $1,996,318 0.15 $1,992,323
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,965,000 $1,974,287 $1,974,287 0.14 $1,964,608
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,955,233 $1,955,233 0.14 $1,930,227
BX Commercial Mortgage Trust 2024-AIR2 C 5.99124% 15-OCT-2041, 5.99%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,929,879 $1,929,879 0.14 $1,926,686
EASY STREET MORTGAGE LN 5.606%40 A1, 5.61%, 10/25/40 EASY 2025-RTL2 27786YAA6 - - 1,900,000 $1,912,882 $1,912,882 0.14 $1,904,006
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,846,071 $1,904,549 $1,904,549 0.14 $1,855,252
Lmdv Issuer Co LLC|7.88|12/15/2055, 7.88%, 12/15/55 LMDV 2025-1A 538908AE4 - - 1,889,000 $1,891,642 $1,891,642 0.14 $1,888,747
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,889,390 $1,889,390 0.14 $1,884,952
BX Trust 2024-BRBK B 7.67672% 15-OCT-2041, 7.66%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,865,522 $1,865,522 0.14 $1,861,585
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,769,224 $1,841,666 $1,841,666 0.13 $1,830,962
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,760,309 $1,818,599 $1,818,599 0.13 $1,774,017
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,756,061 $1,818,061 $1,818,061 0.13 $1,780,409
BXHPP Trust 2021-FILM C 4.965% 15-AUG-2036, 4.96%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,816,861 $1,816,861 0.13 $1,814,172
SoFi Consumer Loan Program 2025-3 Trust D 5.35% 25-AUG-2034, 5.35%, 08/15/34 SCLP 2025-3 83390JAD4 - - 1,800,000 $1,815,291 $1,815,291 0.13 $1,807,266
U.S. Bank Auto Credit Linked Notes, Series 2023-1 B 6.789% 25-AUG-2032, 6.79%, 08/25/32 USCLN 2023-1 90357PAV6 - - 1,784,299 $1,813,656 $1,813,656 0.13 $1,803,562
Exeter Select Automobile Receivables Trust 2025-3 D 5.54% 15-MAY-2032, 5.54%, 05/17/32 ESART 2025-3 30185FAF7 - - 1,800,000 $1,813,435 $1,813,435 0.13 $1,810,665
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,772,821 $1,808,229 $1,808,229 0.13 $1,790,670
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,756,061 $1,806,683 $1,806,683 0.13 $1,768,501
BX Trust 2021-BXMF G 7.214513% 15-OCT-2038, 7.21%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,805,442 $1,805,442 0.13 $1,801,818
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,775,345 $1,775,345 0.13 $1,771,841
Extended Stay America Trust 2025-ESH F 7.85012% 15-OCT-2042, 7.85%, 10/15/42 ESA 2025-ESH 30227TAL4 - - 1,750,000 $1,767,857 $1,767,857 0.13 $1,764,041
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,761,086 $1,761,086 0.13 $1,758,490
Wells Fargo Commercial Mortgage Trust 2025-VTT E 7.13745% 15-MAR-2038, 6.91%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - - 1,735,000 $1,753,910 $1,753,910 0.13 $1,745,921
CarMax Auto Owner Trust 2025-4 D 5.11% 15-MAR-2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,753,476 $1,753,476 0.13 $1,750,992
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA5 M2 10.8218% 25-JUN-2042, 10.82%, 06/25/42 STACR 2022-DNA5 35564KYW3 - - 1,596,344 $1,742,681 $1,742,681 0.13 $1,728,285
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,738,277 $1,738,277 0.13 $1,730,373
Gracie Point International Funding, Series 2024-1 B 6.29671% 01-MAR-2028, 6.29%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,732,441 $1,732,441 0.13 $1,725,212
EFMT 2025-RTL1 0% 40, 5.57%, 11/25/40 EFMT 2025-RTL1 26846FAB5 - - 1,717,000 $1,728,072 $1,728,072 0.13 $1,718,252
Saluda Grade Alternative Mortgage Trust 2024-RTL5 A1 7.762% 25-APR-2030, 7.76%, 04/25/30 GRADE 2024-RTL5 A1 795935AA3 - - 1,640,000 $1,673,524 $1,673,524 0.12 $1,654,429
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,664,632 $1,664,632 0.12 $1,661,932
UMBS TBA 30yr 4% January Delivery, 4.00%, 01/14/26 FNCL 01F040610 - - 1,738,000 $1,651,394 $1,651,394 0.12 $1,651,394
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.4218% 25-DEC-2041, 6.42%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,629,338 $1,629,338 0.12 $1,620,776
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,616,285 $1,615,725 $1,615,725 0.12 $1,608,990
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,611,970 $1,611,970 0.12 $1,607,257
BX Commercial Mortgage Trust 2024-WPT D 6.43982% 15-APR-2041, 6.44%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,582,815 $1,582,815 0.12 $1,579,988
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.69888% 20-OCT-2032, 6.52%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 1,573,080 $1,580,719 $1,580,719 0.12 $1,579,865
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,506,727 $1,571,681 $1,571,681 0.11 $1,514,387
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,560,976 $1,560,976 0.11 $1,559,062
ExteNet Issuer, Series 2024-1 C_241 8.758065% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,554,123 $1,554,123 0.11 $1,542,810
Arivo Acceptance Auto Loan Receivables Trust 2024-1 B 6.87% 15-JUN-2030, 6.87%, 06/17/30 ARIVO 2024-1A 039943AB1 - - 1,500,000 $1,533,733 $1,533,733 0.11 $1,530,871
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,524,213 $1,530,946 $1,530,946 0.11 $1,519,880
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,488,591 $1,526,529 $1,526,529 0.11 $1,493,669
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,522,380 $1,522,380 0.11 $1,520,313
VB-S1 Issuer Secured Tower Revenue Notes, Series 2024-1 (Vertical Bridge) D_2024_1 6.644% 15-MAY-2054, 6.64%, 05/15/54 VBTEL 2024-1A 91823ABE0 - - 1,500,000 $1,520,280 $1,520,280 0.11 $1,517,511
Gracie Point International Funding, Series 2025-1 C 6.73385% 15-AUG-2028, 6.77%, 08/15/28 GPIF 2025-1A 38411WAC6 - - 1,500,000 $1,513,982 $1,513,982 0.11 $1,502,461
SALUDA GR ALT MTG TR 25 RRTL1 A1, 5.32%, 10/25/40 GRADE 2025-RRTL1 79582NAA7 - - 1,500,000 $1,511,066 $1,511,066 0.11 $1,499,096
DC Trust 2024-HLTN C 7.036% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,510,273 $1,510,273 0.11 $1,503,237
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 1,503,515 $1,509,590 $1,509,590 0.11 $1,506,846
Brex Commercial Charge Card Master Trust Series 2024-1 A2 6.68% 15-JUL-2027, 6.68%, 07/15/27 BREX 2024-1 05601DAF0 - - 1,500,000 $1,506,069 $1,506,069 0.11 $1,503,286
JW Commercial Mortgage Trust 2024-MRCO C 6.14017% 15-JUN-2039, 6.14%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,505,228 $1,505,228 0.11 $1,502,670
Santander Bank Auto Credit-Linked Notes, Series 2025-A E 6.274% 15-JAN-2034, 6.27%, 01/16/34 SBCLN 2025-A 80290CCU6 - - 1,500,000 $1,504,722 $1,504,722 0.11 $1,502,630
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,485,000 $1,503,940 $1,503,940 0.11 $1,494,857
Saluda Grade Alternative Mortgage Trust 2024-RTL6 A2 8.683% 25-JUL-2030, 8.68%, 07/25/30 GRADE 2024-RTL6 79585UAB6 - - 1,450,000 $1,479,124 $1,479,124 0.11 $1,460,238
Flagship Credit Auto Trust 2021-1 D 1.27% 15-MAR-2027, 1.27%, 03/15/27 FCAT 2021-1 33843WAG6 - - 1,488,975 $1,475,479 $1,475,479 0.11 $1,474,953
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,429,002 $1,474,705 $1,474,705 0.11 $1,436,765
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,460,772 $1,460,772 0.11 $1,460,772
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.24888% 20-MAY-2032, 7.07%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,428,965 $1,442,019 $1,442,019 0.11 $1,441,177
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,441,997 $1,441,997 0.11 $1,434,873
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,418,645 $1,436,183 $1,436,183 0.10 $1,424,526
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,429,044 $1,429,044 0.10 $1,419,275
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - - 1,411,546 $1,410,180 $1,410,180 0.10 $1,407,802
Western Funding Auto Loan Trust 2025-1 C 5.34% 15-NOV-2035, 5.34%, 11/15/35 WEFUN 2025-1 958250AC6 - - 1,389,000 $1,399,167 $1,399,167 0.10 $1,397,107
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,366,650 $1,366,650 0.10 $1,366,623
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,312,220 $1,354,534 $1,354,534 0.10 $1,352,011
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 A1_2020_1 10.84% 15-JUL-2060, 1.69%, 07/15/60 SORT 2020-1 12530MAA3 - - 1,577,877 $1,328,920 $1,328,920 0.10 $1,328,179
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,272,292 $1,301,081 $1,301,081 0.09 $1,272,802
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,277,032 $1,300,750 $1,300,750 0.09 $1,299,730
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,262,447 $1,297,970 $1,297,970 0.09 $1,272,054
FOUNDATION FINANCE TRUST 20 5.71% 52, 5.71%, 08/15/52 FFIN 2025-3A 35042TAD4 - - 1,275,000 $1,274,965 $1,274,965 0.09 $1,272,943
Great Wolf Trust 2024-WOLF C 6.14112% 15-MAR-2039, 6.14%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,265,689 $1,265,689 0.09 $1,263,540
COMM 2024-WCL1 Mortgage Trust C 6.64% 17-JUN-2041, 6.64%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,254,966 $1,254,966 0.09 $1,252,661
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,228,076 $1,253,308 $1,253,308 0.09 $1,250,440
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,178,287 $1,248,376 $1,248,376 0.09 $1,245,715
OCEANVIEW MORTGAGE TRUST 4.99888% 55, 5.00%, 12/25/55 BVINV 2025-4 67647DAU3 - - 1,230,000 $1,235,123 $1,235,123 0.09 $1,229,999
FHF Trust 2024-1 (First Help Financial) B 6.26% 15-MAR-2030, 6.26%, 03/15/30 FHF 2024-1A 31568AAC0 - - 1,200,000 $1,227,309 $1,227,309 0.09 $1,225,223
FHF Issuer Trust 2024-2 (First Help Financial) C 6.43% 15-JUL-2030, 6.43%, 07/15/30 FHF 2024-2A 30336NAG6 - - 1,202,000 $1,225,289 $1,225,289 0.09 $1,223,142
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,252,974 $1,198,954 $1,198,954 0.09 $1,182,277
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,194,827 $1,194,827 0.09 $1,186,115
VB-S1 Issuer Secured Tower Revenue Notes, Series 2024-1 (Vertical Bridge) F_2024_1 8.871% 15-MAY-2054, 8.87%, 05/15/54 VBTEL 2024-1A 91823ABG5 - - 1,150,000 $1,186,631 $1,186,631 0.09 $1,183,797
MTN Commercial Mortgage Trust 2022-LPFL D 6.7028% 15-MAR-2039, 6.70%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,181,122 $1,181,122 0.09 $1,178,934
Connecticut Avenue Securities Trust 2022-R02 2M2 7.0718% 25-JAN-2042, 7.07%, 01/25/42 CAS 2022-R02 20754BAB7 - - 1,149,112 $1,176,730 $1,176,730 0.09 $1,169,959
Santander Bank Auto Credit-Linked Notes, Series 2025-A F 7.343% 15-JAN-2034, 7.34%, 01/16/34 SBCLN 2025-A 80290CCV4 - - 1,172,000 $1,175,912 $1,175,912 0.09 $1,174,000
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,127,174 $1,175,255 $1,175,255 0.09 $1,130,865
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,162,017 $1,169,126 $1,169,126 0.09 $1,166,970
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,105,504 $1,140,846 $1,140,846 0.08 $1,111,829
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,103,916 $1,122,247 $1,122,247 0.08 $1,119,783
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 1,101,722 $1,122,032 $1,122,032 0.08 $1,099,304
MKT 2020-525M Mortgage Trust F 2.9406% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,118,390 $1,118,390 0.08 $1,115,369
BX Trust 2024-VLT4 D 6.190172% 15-JUN-2041, 6.19%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,098,216 $1,098,216 0.08 $1,096,324
BX Trust 2024-CNYN C 5.69128% 15-APR-2041, 5.69%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,081,816 $1,084,642 $1,084,642 0.08 $1,082,932
MS RES MTG LN TR 2025-SPL1 A1, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,092,678 $1,084,213 $1,084,213 0.08 $1,071,498
RCKT Mortgage Trust 2025-CES10 A1A 4.894% 25-OCT-2055, 4.89%, 11/25/55 RCKT 2025-CES10 74939LAA2 - - 1,040,812 $1,059,089 $1,059,089 0.08 $1,040,277
Connecticut Avenue Securities Trust 2025-R01 1M2 5.5718% 25-JAN-2045, 5.57%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,056,219 $1,056,219 0.08 $1,051,325
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.59888% 20-MAR-2033, 7.42%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,053,507 $1,054,153 $1,054,153 0.08 $1,053,502
LIFE 2021-BMR Mortgage Trust E 5.615% 15-MAR-2038, 5.61%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,044,925 $1,044,925 0.08 $1,043,287
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,039,028 $1,039,028 0.08 $1,036,576
FHF Trust 2024-1 (First Help Financial) C 7.42% 15-MAY-2031, 7.42%, 05/15/31 FHF 2024-1A 31568AAD8 - - 1,000,000 $1,035,942 $1,035,942 0.08 $1,033,881
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.7218% 25-NOV-2041, 7.72%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,030,170 $1,030,170 0.08 $1,023,735
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,023,495 $1,023,495 0.07 $1,021,273
MHC Commercial Mortgage Trust 2021-MHC G 7.066442% 15-APR-2038, 7.07%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,023,231 $1,023,231 0.07 $1,021,229
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,023,160 $1,023,160 0.07 $1,021,162
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 955,799 $1,022,384 $1,022,384 0.07 $1,019,968
CPC Asset Securitization (Channel Partners Capital) III, Series 2024-1 D 13.45% 15-AUG-2030, 13.45%, 08/15/30 CPCAS 2024-1A 126203AD0 - - 1,000,000 $1,017,136 $1,017,136 0.07 $1,013,400
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 988,003 $1,016,073 $1,016,073 0.07 $1,010,516
United Auto Credit Securitization Trust 2024-1 C 7.06% 10-OCT-2029, 7.06%, 10/10/29 UACST 2024-1 90945DAC4 - - 1,008,708 $1,015,838 $1,015,838 0.07 $1,012,871
United Auto Credit Securitization Trust 2024-1 D 8.3% 10-NOV-2029, 8.30%, 11/12/29 UACST 2024-1 90945DAD2 - - 1,000,000 $1,015,228 $1,015,228 0.07 $1,011,770
Compass Datacenters Issuer II, Series 2024-1 A2_2401 5.75% 25-FEB-2049, 5.75%, 02/25/49 CMPDC 2024-1A 20469AAB5 - - 1,000,000 $1,013,425 $1,013,425 0.07 $1,008,633
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 968,072 $1,012,845 $1,012,845 0.07 $985,242
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.09888% 20-OCT-2032, 7.92%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,000,545 $1,011,292 $1,011,292 0.07 $1,010,632
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,011,229 $1,011,229 0.07 $1,009,640
Sotheby's ArtFi Master Trust, Series 2024-1 D 7.91% 20-DEC-2031, 7.91%, 12/22/31 ARTFI 2024-1A 83589CAE8 - - 1,000,000 $1,003,450 $1,003,450 0.07 $1,002,352
MTN Commercial Mortgage Trust 2022-LPFL F 9.045169% 15-MAR-2039, 9.05%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,001,802 $1,001,802 0.07 $999,289
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $999,481 $999,481 0.07 $997,402
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.5218% 25-OCT-2044, 5.52%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $994,541 $994,541 0.07 $989,985
FHF Issuer Trust 2024-2 (First Help Financial) A2 5.89% 15-JUN-2030, 5.89%, 06/15/30 FHF 2024-2A 30336NAC5 - - 970,765 $979,153 $979,153 0.07 $977,565
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 963,869 $961,103 $961,103 0.07 $950,924
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA3 M2 8.4218% 25-APR-2042, 8.42%, 04/25/42 STACR 2022-DNA3 35564KVE6 - - 888,100 $930,350 $930,350 0.07 $925,364
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $919,745 $919,745 0.07 $917,765
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $912,816 $912,816 0.07 $909,074
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.1218% 25-DEC-2031, 6.12%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 878,140 $887,376 $887,376 0.06 $882,897
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 0.00%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $871,383 $871,383 0.06 $871,383
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 877,530 $865,192 $865,192 0.06 $862,633
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $845,929 $845,929 0.06 $842,267
Connecticut Avenue Securities Trust 2022-R07 1M2 8.7218% 25-JUN-2042, 8.72%, 06/25/42 CAS 2022-R07 20754MCB1 - - 783,000 $829,022 $829,022 0.06 $823,331
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.27%, 05/25/45 CAS 2025-R04 20755TAB7 - - 814,678 $819,058 $819,058 0.06 $815,479
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 808,917 $810,899 $810,899 0.06 $809,400
Santander Bank Auto Credit-Linked Notes, Series 2024-B G 12.231% 15-DEC-2032, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 799,679 $810,759 $810,759 0.06 $808,042
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 799,679 $810,367 $810,367 0.06 $808,394
Hudson's Bay Simon JV Trust 2015-HBS C10 5.628567% 05-AUG-2034, 5.45%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $806,782 $806,782 0.06 $803,663
BXHPP Trust 2021-FILM A 4.515% 15-AUG-2036, 4.51%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $792,202 $792,202 0.06 $791,173
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $781,058 $781,058 0.06 $779,414
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.39348% 25-OCT-2057, 8.42%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 725,766 $774,761 $774,761 0.06 $769,670
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $756,834 $756,834 0.06 $755,384
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 5.8718% 25-JUN-2047, 5.87%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 748,701 $752,028 $752,028 0.05 $748,295
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 742,424 $751,767 $751,767 0.05 $751,068
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.8218% 25-JUN-2047, 6.82%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 727,309 $747,370 $747,370 0.05 $743,235
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 738,688 $743,283 $743,283 0.05 $740,020
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 742,424 $738,759 $738,759 0.05 $737,711
Cyrusone Data Centers Issuer I, Series 2024-1 A2_2401 4.76% 20-MAR-2049, 4.76%, 03/22/49 CYRUS 2024-1A 23284BAF1 - - 735,000 $724,454 $724,454 0.05 $723,969
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 710,070 $724,448 $724,448 0.05 $722,683
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $714,358 $714,358 0.05 $712,774
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $706,383 $706,383 0.05 $703,327
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $702,867 $702,867 0.05 $701,527
Flagship Credit Auto Trust 2022-1 C 3.06% 15-MAR-2028, 3.06%, 03/15/28 FCAT 2022-1 33845VAE1 - - 703,374 $699,958 $699,958 0.05 $699,360
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 0.00%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $653,968 $653,968 0.05 $653,968
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 624,707 $638,855 $638,855 0.05 $634,999
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 624,707 $636,134 $636,134 0.05 $633,193
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.6718% 25-DEC-2031, 7.67%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 621,033 $630,561 $630,561 0.05 $626,590
Ally Bank Auto Credit-Linked Notes, Series 2025-A F 6.942% 15-JUN-2033, 6.94%, 06/15/33 ABCLN 2025-A 02007G5J8 - - 622,741 $625,231 $625,231 0.05 $624,030
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 587,428 $619,280 $619,280 0.05 $592,163
Gracie Point International Funding, Series 2024-1 D 11.34671% 01-MAR-2028, 11.34%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $605,733 $605,733 0.04 $601,197
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 582,375 $588,664 $588,664 0.04 $587,705
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 571,500 $576,763 $576,763 0.04 $574,410
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $569,609 $569,609 0.04 $565,866
Mello Warehouse Securitization Trust 2024-1 F 9.179% 25-OCT-2057, 9.20%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $544,812 $544,812 0.04 $540,655
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $535,725 $535,725 0.04 $534,284
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 7.34888% 20-SEP-2033, 7.17%, 09/20/33 HACLN 2025-2 44644NAR0 - - 529,781 $530,504 $530,504 0.04 $530,187
TYSN 2023-CRNR Mortgage Trust A 6.579745% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $528,232 $528,232 0.04 $526,039
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $521,338 $521,338 0.04 $520,206
Connecticut Avenue Securities, Series 2021-R01 1M2 5.6218% 25-OCT-2041, 5.62%, 10/25/41 CAS 2021-R01 20754RAB2 - - 513,535 $516,944 $516,944 0.04 $514,538
Bayview Opportunity Master Fund VII Trust 2024-SN1 D 6.36% 15-JUL-2029, 6.36%, 07/16/29 BVABS 2024-SN1A 072926AF5 - - 500,000 $513,111 $513,111 0.04 $512,227
Amur Equipment Finance Receivables XIV, Series 2024-2 E 8.88% 20-OCT-2032, 8.88%, 10/20/32 AXIS 2024-2A 03238BAF0 - - 500,000 $512,790 $512,790 0.04 $512,174
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $512,775 $512,775 0.04 $512,203
New Economy Assets - Phase 1 Issuer, Series 2021-1 A1_2021_1 1.91% 20-OCT-2061, 1.91%, 10/20/61 USRE 2021-1 643821AA9 - - 615,000 $512,619 $512,619 0.04 $512,456
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $511,786 $511,786 0.04 $510,932
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $511,380 $511,380 0.04 $510,542
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $510,829 $510,829 0.04 $510,024
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $509,543 $509,543 0.04 $508,732
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.34888% 20-MAY-2032, 9.17%, 05/20/32 HACLN 2024-1 44644NAD1 - - 494,642 $508,563 $508,563 0.04 $508,185
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $508,222 $508,222 0.04 $507,309
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $503,511 $503,511 0.04 $500,841
Gracie Point International Funding, Series 2024-1 C 7.69671% 01-MAR-2028, 7.69%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $502,996 $502,996 0.04 $500,433
Connecticut Avenue Securities Trust 2022-R07 1B2 16.0718% 25-JUN-2042, 16.07%, 06/25/42 CAS 2022-R07 20754MAL1 - - 432,557 $502,463 $502,463 0.04 $496,670
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $502,048 $502,048 0.04 $501,091
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 474,380 $489,106 $489,106 0.04 $487,802
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 488,479 $483,723 $483,723 0.04 $483,253
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 510,900 $475,359 $475,359 0.03 $474,383
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $461,844 $461,844 0.03 $460,782
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 435,940 $437,513 $437,513 0.03 $437,060
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $425,645 $425,645 0.03 $424,764
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $409,561 $409,561 0.03 $408,809
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 400,428 $401,596 $401,596 0.03 $400,730
BAMLL Re-REMIC Trust 2024-FRR4 E 0.0% 27-NOV-2048, 0.01%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $397,631 $397,631 0.03 $397,439
BAMLL Re-REMIC Trust 2024-FRR4 F 0.0% 27-JAN-2026, 0.01%, 11/27/48 BAMLL 05493VAL8 - - 399,958 $397,053 $397,053 0.03 $397,046
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.39348% 25-OCT-2057, 7.42%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 371,229 $387,831 $387,831 0.03 $385,536
Santander Bank Auto Credit-Linked Notes, Series 2023-B F 12.24% 15-DEC-2033, 12.24%, 12/15/33 SBCLN 2023-B 80290CCF9 - - 368,423 $385,593 $385,593 0.03 $384,340
Amur Equipment Finance Receivables XIII, Series 2024-1 E 9.66% 20-APR-2032, 9.66%, 04/20/32 AXIS 2024-1A E 03237CAF9 - - 375,000 $385,410 $385,410 0.03 $384,906
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 372,388 $378,950 $378,950 0.03 $378,131
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $372,186 $372,186 0.03 $369,273
FHF Trust 2023-1 (First Help Financial) A2 6.57% 15-JUN-2028, 6.57%, 06/15/28 FHF 2023-1A 30331GAC5 - - 364,017 $366,852 $366,852 0.03 $366,188
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 0.00%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $366,767 $366,767 0.03 $366,767
Oak Street Investment Grade Net Lease Fund Series 2020-1 A2_2020_1 2.21% 20-NOV-2050, 2.21%, 11/20/50 OAKIG 2020-1A 67181DAB7 - - 390,932 $348,525 $348,525 0.03 $348,405
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 335,397 $345,620 $345,620 0.03 $345,137
Connecticut Avenue Securities Trust 2023-R05 1B1 8.8218% 25-JUN-2043, 8.82%, 06/25/43 CAS 2023-R05 207942AC7 - - 310,000 $334,150 $334,150 0.02 $331,871
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $325,731 $325,731 0.02 $323,818
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $318,831 $318,831 0.02 $318,139
BX Commercial Mortgage Trust 2024-MF C 5.69102% 15-FEB-2039, 5.69%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $310,548 $310,548 0.02 $310,058
Compass Datacenters Issuer II, Series 2024-1 A1_2401 5.25% 25-FEB-2049, 5.25%, 02/25/49 CMPDC 2024-1A 20469AAA7 - - 300,000 $302,913 $302,913 0.02 $301,600
Luxury Lease Partners Auto Lease Trust 2024-4 B 10.491% 15-JAN-2030, 10.49%, 07/15/30 LLP 2024-4 55068XAB6 - - 300,000 $301,020 $301,020 0.02 $300,146
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $300,938 $300,938 0.02 $298,575
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 287,776 $300,162 $300,162 0.02 $299,143
CSMC 2021-BHAR E 7.365% 15-NOV-2038, 7.37%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $296,523 $296,523 0.02 $295,910
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.6218% 25-FEB-2050, 5.62%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 291,358 $287,324 $287,324 0.02 $285,959
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 270,601 $274,100 $274,100 0.02 $273,578
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 247,649 $266,702 $266,702 0.02 $248,420
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 261,329 $263,199 $263,199 0.02 $261,352
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 B 7.77% 15-MAR-2032, 7.77%, 03/15/32 CPEF 2023-1A 224092AB2 - - 250,000 $255,485 $255,485 0.02 $254,945
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 245,615 $249,917 $249,917 0.02 $249,463
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 C 7.56% 15-MAR-2032, 7.56%, 03/15/32 CPEF 2023-1A 224092AC0 - - 250,000 $249,894 $249,894 0.02 $249,369
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $249,393 $249,393 0.02 $248,891
BXHPP Trust 2021-FILM B 4.765% 15-AUG-2036, 4.76%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $236,443 $236,443 0.02 $236,112
Santander Bank Auto Credit-Linked Notes, Series 2024-B E 6.799% 15-DEC-2032, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 222,133 $223,871 $223,871 0.02 $223,452
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 216,067 $216,663 $216,663 0.02 $216,225
Cyrusone Data Centers Issuer I, Series 2023-1 B_2301 5.45% 20-APR-2048, 5.45%, 04/20/48 CYRUS 2023-1A 23284BAC8 - - 218,055 $216,424 $216,424 0.02 $216,259
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 206,146 $207,655 $207,655 0.02 $206,752
Readycap Lending Small Business Loan Trust 2023-3 A 7.07% 25-APR-2048, 7.07%, 04/25/48 RCLT 75576AAA1 - - 202,296 $204,869 $204,869 0.01 $203,677
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $204,784 $204,784 0.01 $204,174
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,312 $204,312 0.01 $203,785
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $159,510 $159,510 0.01 $159,010
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 155,015 $158,558 $158,558 0.01 $158,358
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 190,357 $148,761 $148,761 0.01 $148,539
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 121,604 $125,148 $125,148 0.01 $124,326
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.16%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 123,309 $122,398 $122,398 0.01 $121,974
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 103,840 $104,599 $104,599 0.01 $104,430
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $102,236 $102,236 0.01 $101,882
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $101,322 $101,322 0.01 $100,977
Ginnie Mae REMIC Trust 2005-065 FA 4.22432% 20-AUG-2035, 4.00%, 08/20/35 GNR 2005-65 38374LL25 - - 97,383 $96,306 $96,306 0.01 $96,252
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $94,616 $94,616 0.01 $94,268
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 A 7.48% 15-MAR-2032, 7.48%, 03/15/32 CPEF 2023-1A 224092AA4 - - 75,880 $76,698 $76,698 0.01 $76,541
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $72,828 $72,828 0.01 $72,538
U.S. Bank Auto Credit Linked Notes, Series 2023-1 C 9.785% 25-AUG-2032, 9.79%, 08/25/32 USCLN 2023-1 90357PAW4 - - 58,694 $60,231 $60,231 0.00 $59,752
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 51,151 $51,103 $51,103 0.00 $51,061
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.7218% 25-JAN-2034, 5.72%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 49,374 $49,762 $49,762 0.00 $49,526
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 48,000 $47,168 $47,168 0.00 $47,073
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 47,217 $47,132 $47,132 0.00 $47,011
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 27,558 $27,879 $27,879 0.00 $27,731
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 16,098 $16,098 $16,098 0.00 $16,087
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 12,757 $12,786 $12,786 0.00 $12,773
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 4,662 $4,685 $4,685 0.00 $4,672
US 10yr Ultra Fut Mar26 MAR 26 UXYH6 FUTURES_USD - -294.00 $-33,860,531 $0 0.00 $0
US 2YR NOTE (CBT) Mar26 MAR 26 TUH6 FUTURES_USD - 2,419 $504,758,366 $0 0.00 $0
US 5YR NOTE (CBT) Mar26 MAR 26 FVH6 FUTURES_USD - 1,594 $174,194,312 $0 0.00 $0
US 10YR NOTE (CBT)Mar26 MAR 26 TYH6 FUTURES_USD - -124.00 $-13,951,938 $0 0.00 $0
US ULTRA BOND CBT Mar26 MAR 26 WNH6 FUTURES_USD - -109.00 $-12,933,531 $0 0.00 $0
UMBS TBA 30yr 2.5% January Delivery, 2.50%, 01/14/26 FNCL 01F022618 - - -189,990,000 $-161,131,279 $-161,131,279 -11.75 $-161,131,279
SEGREGATED CASH SEGCASH - $0.00 5,220,000 $5,220,000 $5,220,000 0.38 $5,220,000
US DOLLARS USD MD_142224 - - -288,756,703 $-288,756,703 $-288,756,703 -21.06 $-288,756,703
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,477,408 $69,564 0.01 $-156,490
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,720,219 $10,058 0.00 $-22,627
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $121,018,750 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $120,837,500 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $120,587,500 $0 0.00 $0
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,365,625 $0 0.00 $0
PGIM AAA CLO ETF 05/07/26 PAAA US 69344A834 $51.33 1,169,022 $59,877,307 $-122,747 -0.01 $-122,747
Janus Henderson publishes this listing of identities and quantities of each position held by the fund on each business day, before commencement of trading. Securities are reported at market value.
The portfolio data and its presentation here is based on the investment book of record and may differ from the accounting book of record and complete schedules of investments in regulatory filings due to differing accounting and reporting standards.

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