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 06/09/2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
UMBS TBA 30yr 5.5% July Delivery, 5.50%, 07/14/25 FNCL 01F052672 - - 65,610,000 $64,703,073 $64,703,073 7.85 $64,703,073
UMBS TBA 30yr 6.5% July Delivery, 6.50%, 07/14/25 FNCL 01F062671 - - 60,613,000 $62,126,507 $62,126,507 7.53 $62,126,507
UMBS TBA 30yr 5% July Delivery, 5.00%, 07/14/25 FNCL 01F050676 - - 61,479,000 $59,255,366 $59,255,366 7.19 $59,255,366
UMBS TBA 30yr 6% July Delivery, 6.00%, 07/14/25 FNCL 01F060675 - - 57,605,000 $58,001,322 $58,001,322 7.03 $58,001,322
UMBS TBA 30yr 3.5% July Delivery, 3.50%, 07/14/25 FNCL 01F032674 - - 30,930,000 $27,277,693 $27,277,693 3.31 $27,277,693
UMBS TBA 30yr 4.5% July Delivery, 4.50%, 07/14/25 FNCL 01F042673 - - 25,880,000 $24,294,488 $24,294,488 2.95 $24,294,488
UMBS TBA 30yr 3% July Delivery, 3.00%, 07/14/25 FNCL 01F030678 - - 25,640,000 $21,698,901 $21,698,901 2.63 $21,698,901
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.97197% 25-FEB-2045, 5.97%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,817,439 $16,817,439 2.04 $16,778,388
Fannie Mae REMIC Trust 2025-12 FC 5.45369% 25-MAR-2055, 5.42%, 03/25/55 FNR 2025-12 3136BVFC7 - - 13,188,063 $13,173,953 $13,173,953 1.60 $13,144,159
Freddie Mac Multiclass Certificates, Series 5544 FC 5.35068% 25-JUN-2055, 5.35%, 06/25/55 FHR 5544 3137HLNP3 - - 12,104,569 $12,121,911 $12,121,911 1.47 $12,094,924
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $11,502,512 $11,502,512 1.40 $11,456,824
RCKT Mortgage Trust 2025-CES1 A1A 5.653% 25-JAN-2045, 5.65%, 01/25/45 RCKT 2025-CES1 A1 749427AA8 - - 7,512,548 $7,562,013 $7,562,013 0.92 $7,516,006
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $6,971,898 $6,971,898 0.85 $6,927,621
BX Trust 2024-CNYN D 7.0188% 15-APR-2041, 7.02%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 6,713,950 $6,755,800 $6,755,800 0.82 $6,721,766
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.68648% 25-OCT-2057, 6.69%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,563,859 $6,748,316 $6,748,316 0.82 $6,731,241
Connecticut Avenue Securities, Series 2021-R03 1M2 5.97197% 25-DEC-2041, 5.97%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,265,114 $6,265,114 0.76 $6,250,670
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,389,180 $6,126,527 $6,126,527 0.74 $6,098,841
BX Trust 2025-TAIL D 6.75% 15-JUN-2035, 6.75%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,005,598 $6,005,598 0.73 $5,999,973
QTS Issuer ABS I LLC|5.439|05/25/2055, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 6,000,000 $6,002,348 $6,002,348 0.73 $6,001,442
FS Commercial Mortgage Trust 2023-4SZN D 9.382749% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,983,048 $5,983,048 0.73 $5,926,487
PRET 2025-RPL3 Trust|4.15|04/25/2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 6,200,000 $5,918,362 $5,918,362 0.72 $5,907,641
KRE Commercial Mortgage Trust 2025-AIP4 A 5.62871% 15-MAR-2042, 5.63%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 5,902,000 $5,910,310 $5,910,310 0.72 $5,886,317
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,865,766 $5,866,795 $5,866,795 0.71 $5,850,799
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 5,650,000 $5,641,176 $5,641,176 0.68 $5,628,285
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 5,505,193 $5,571,803 $5,571,803 0.68 $5,537,146
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.47197% 25-FEB-2045, 5.47%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 5,531,172 $5,545,106 $5,545,106 0.67 $5,533,336
Freddie Mac STACR REMIC Trust 2025-DNA2|5.83128|05/25/2045, 5.83%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,531,491 $5,531,491 0.67 $5,512,745
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 5,391,616 $5,395,447 $5,395,447 0.65 $5,383,049
JP Morgan Mortgage Trust|5.5|11/25/2055, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 5,337,000 $5,327,438 $5,327,438 0.65 $5,295,638
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.12197% 25-NOV-2041, 6.12%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,319,146 $5,319,146 0.65 $5,306,589
BX Commercial Mortgage Trust 2021-VOLT E 6.443% 15-SEP-2036, 6.44%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,333,000 $5,318,978 $5,318,978 0.65 $5,294,161
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 7.0% 25-APR-2029, 7.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 5,322,328 $5,316,111 $5,316,111 0.64 $5,275,750
Connecticut Avenue Securities Trust 2025-R04|5.82197|05/25/2045, 5.82%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,172,243 $5,172,243 0.63 $5,172,243
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,126,675 $5,126,675 0.62 $5,110,643
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 5,216,446 $5,080,819 $5,080,819 0.62 $5,067,082
Fannie Mae REMIC Trust 2025-9 FA 5.55369% 25-MAR-2055, 5.52%, 03/25/55 FNR 2025-9 3136BVDC9 - - 5,028,536 $5,031,966 $5,031,966 0.61 $5,020,396
Compass Datacenters Issuer II LLC|5.756|05/25/2050, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $5,017,857 $5,017,857 0.61 $5,003,467
Atlas Warehouse Lending Co. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 4,854,000 $5,007,533 $5,007,533 0.61 $4,855,846
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,923,559 $4,959,633 $4,959,633 0.60 $4,944,456
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 4,876,310 $4,912,209 $4,912,209 0.60 $4,880,413
Avis Budget Rental Car Funding AESOP LLC|7.31|06/20/2029, 7.31%, 06/20/29 AESOP 2023-4A 05377RJS4 - - 4,868,000 $4,886,899 $4,886,899 0.59 $4,867,129
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 $4,879,088 $4,879,088 0.59 $4,868,782
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.93648% 25-OCT-2057, 6.94%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,741,612 $4,874,389 $4,874,389 0.59 $4,861,593
BX Commercial Mortgage Trust 2024-MF D 7.01853% 15-FEB-2039, 7.02%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,763,831 $4,763,831 0.58 $4,739,818
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,720,988 $4,720,988 0.57 $4,697,707
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,689,181 $4,689,181 0.57 $4,649,894
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,605,000 $4,652,345 $4,652,345 0.56 $4,623,974
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 4,487,127 $4,596,813 $4,596,813 0.56 $4,564,156
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 $4,472,244 $4,472,244 0.54 $4,456,374
Great Wolf Trust 2024-WOLF D 7.21871% 15-MAR-2039, 7.22%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 4,425,000 $4,437,262 $4,437,262 0.54 $4,414,192
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 $4,365,846 $4,365,846 0.53 $4,354,699
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 $4,363,384 $4,363,384 0.53 $4,344,336
Carvana Auto Receivables Trust 2025-P1 N 5.66%, 5.66%, 03/10/33 CRVNA 2025-P1 14689MAH3 - - 4,314,119 $4,333,978 $4,333,978 0.53 $4,313,629
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 $4,318,028 $4,318,028 0.52 $4,253,522
BX Commercial Mortgage Trust 2024-XL5 D 7.01851% 15-MAR-2041, 7.02%, 03/15/41 BX 2024-XL5 05612GAG8 - - 4,274,915 $4,292,510 $4,292,510 0.52 $4,270,840
Connecticut Avenue Securities Trust 2025-R04|5.52197|05/25/2045, 5.52%, 05/25/45 CAS 2025-R04 20755TAB7 - - 4,230,911 $4,236,306 $4,236,306 0.51 $4,236,306
BX Commercial Mortgage Trust 2021-SOAR D 5.843% 15-JUN-2038, 5.84%, 06/15/38 BX 2021-SOAR 05608WAL8 - - 4,164,505 $4,176,153 $4,176,153 0.51 $4,158,578
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.42197% 25-SEP-2041, 6.42%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 4,100,848 $4,144,409 $4,144,409 0.50 $4,134,167
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 4,087,015 $4,101,456 $4,101,456 0.50 $4,076,423
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,077,310 $4,077,310 0.49 $4,069,958
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 4,030,858 $4,056,494 $4,056,494 0.49 $4,034,767
BX Trust 2024-BRBK A 7.20835% 15-OCT-2041, 7.21%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,040,085 $4,040,085 0.49 $4,019,304
BX Trust 2025-LUNR D 6.83% 15-MAY-2027, 6.83%, 06/09/40 BX 2025-LUNR 05594CAK0 - - 4,000,000 $4,008,146 $4,008,146 0.49 $4,004,352
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,755,753 $3,776,478 $3,776,478 0.46 $3,753,355
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A1 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAA9 - - 3,721,485 $3,770,914 $3,770,914 0.46 $3,740,677
BMP Commercial Mortgage Trust 2024-MF23 D 6.7192% 15-JUN-2041, 6.72%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,763,098 $3,763,098 0.46 $3,744,900
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,742,619 $3,742,619 0.45 $3,733,594
FREMF 2023-K511 Mortgage Trust C 5.82242% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,693,966 $3,693,966 0.45 $3,669,550
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,676,886 $3,676,886 0.45 $3,666,930
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.77197% 25-OCT-2044, 5.77%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 3,652,429 $3,661,769 $3,661,769 0.44 $3,653,570
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,555,235 $3,658,366 $3,658,366 0.44 $3,631,148
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M2 6.12197% 25-AUG-2044, 6.12%, 08/25/44 STACR 2024-HQA2 35564NEC3 - - 3,620,000 $3,636,126 $3,636,126 0.44 $3,627,507
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 3,536,616 $3,584,259 $3,584,259 0.43 $3,559,279
ALA Trust 2025-OANA A 6.04263% 15-JUN-2027, 6.04%, 06/15/30 ALA 2025-OANA 009920AA7 - - 3,500,000 $3,505,191 $3,505,191 0.43 $3,505,191
Connecticut Avenue Securities, Series 2021-R01 1B1 7.42197% 25-OCT-2041, 7.42%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,372,000 $3,461,326 $3,461,326 0.42 $3,451,593
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,429,000 $3,459,403 $3,459,403 0.42 $3,416,887
CSMC 2021-BHAR C 6.444% 15-NOV-2038, 6.44%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,427,088 $3,427,088 0.42 $3,411,051
Affirm Asset Securitization Trust 2024-A C_2 6.16% 15-FEB-2029, 6.16%, 02/15/29 AFFRM 2024-A 00834BAH0 - - 3,392,000 $3,419,621 $3,419,621 0.41 $3,405,110
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,414,618 $3,414,618 0.41 $3,402,509
SCG Commercial Mortgage Trust 2025-DLFN E 7.27871% 15-MAR-2027, 7.28%, 03/15/35 SCG 2025 78398EAJ4 - - 3,350,000 $3,405,014 $3,405,014 0.41 $3,387,404
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 3,292,456 $3,305,982 $3,305,982 0.40 $3,286,402
BX Trust 2021-ARIA D 6.3384% 15-OCT-2036, 6.34%, 10/15/36 BX 2021-ARIA 05608RAJ4 - - 3,300,000 $3,292,180 $3,292,180 0.40 $3,277,072
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $3,255,320 $3,255,320 0.39 $3,239,930
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 3,235,980 $3,249,589 $3,249,589 0.39 $3,229,947
Galaxy Senior Participation Interest Trust 1|6.9263834|07/31/2026, 6.93%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,192,040 $3,231,214 $3,231,214 0.39 $3,209,105
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 $3,142,765 $3,142,765 0.38 $3,134,373
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,128,143 $3,128,143 0.38 $3,120,198
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.57827% 20-MAR-2033, 6.58%, 03/21/33 HACLN 2025-1 446438SZ7 - - 3,115,124 $3,127,056 $3,127,056 0.38 $3,115,102
Wells Fargo Commercial Mortgage Trust 2024-MGP C11 7.41786% 15-AUG-2041, 7.42%, 08/15/41 WFCM 2024-MGP 95003TAE3 - - 3,100,000 $3,109,750 $3,109,750 0.38 $3,093,142
BX Trust 2024-VLT4 E 7.218114% 15-JUN-2041, 7.22%, 07/15/29 BX 2024-VLT4 05612TAJ4 - - 3,130,000 $3,104,038 $3,104,038 0.38 $3,087,721
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 3,076,432 $3,099,652 $3,099,652 0.38 $3,091,668
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,096,526 $3,096,526 0.38 $3,087,418
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,075,141 $3,075,141 0.37 $3,066,401
BX Trust 2021-ARIA F 7.0365% 15-OCT-2036, 7.04%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,072,985 $3,072,985 0.37 $3,057,291
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 3,071,853 $3,062,977 $3,062,977 0.37 $3,045,812
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M2 6.32197% 25-MAR-2044, 6.32%, 03/25/44 STACR 2024-HQA1 M2 35564NCA9 - - 3,000,000 $3,030,283 $3,030,283 0.37 $3,022,908
Connecticut Avenue Securities Trust 2024-R05 2M2 6.02197% 25-JUL-2044, 6.02%, 07/25/44 CAS 2024-R05 20754XAC7 - - 3,000,000 $3,019,243 $3,019,243 0.37 $3,012,217
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 $2,997,748 $2,997,748 0.36 $2,990,598
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 $2,995,855 $2,995,855 0.36 $2,972,147
Extended Stay America Trust 2021-ESH F 8.143% 15-JUL-2038, 8.14%, 07/15/38 ESA 2021-ESH 30227FAN0 - - 2,959,161 $2,971,701 $2,971,701 0.36 $2,954,297
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 - - 2,925,136 $2,963,320 $2,963,320 0.36 $2,955,046
SREIT Trust 2021-FLWR F 7.115549% 22-JUL-2036, 7.12%, 07/15/36 SREIT 2021-FLWR 78485GAQ7 - - 2,937,600 $2,949,039 $2,949,039 0.36 $2,933,941
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 $2,878,187 $2,878,187 0.35 $2,866,910
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,830,000 $2,848,500 $2,848,500 0.35 $2,830,749
BXP Trust 2017-GM E 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,839,099 $2,839,099 0.34 $2,827,671
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,773,523 $2,773,523 0.34 $2,758,823
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 $2,761,329 $2,761,329 0.33 $2,742,755
Finance Of America Structured Securities Trust Series 2024-S3|3.5|04/25/2074, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,871,576 $2,746,726 $2,746,726 0.33 $2,742,538
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,869,613 $2,731,745 $2,731,745 0.33 $2,727,560
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,729,050 $2,729,050 0.33 $2,717,051
BX Trust 2025-ROIC E 7.27% 15-FEB-2042, 7.27%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,782,000 $2,727,251 $2,727,251 0.33 $2,712,644
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 $2,705,848 $2,705,848 0.33 $2,697,928
CAMB Commercial Mortgage Trust 2019-LIFE D 6.376% 15-DEC-2037, 6.38%, 12/15/37 CAMB 2019-LIFE 12482HAL8 - - 2,663,782 $2,674,395 $2,674,395 0.32 $2,662,128
MHC Commercial Mortgage Trust 2021-MHC F 7.044442% 15-APR-2038, 7.04%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,670,387 $2,670,387 0.32 $2,656,853
BX Trust 2024-BIO C 6.96871% 15-FEB-2041, 6.97%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 2,650,000 $2,645,198 $2,645,198 0.32 $2,631,861
RCKT Mortgage Trust 2024-CES5 A1B 6.047% 25-JUL-2044, 6.05%, 08/25/44 RCKT 74938KAB3 - - 2,576,982 $2,605,689 $2,605,689 0.32 $2,588,808
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,597,947 $2,597,947 0.32 $2,584,787
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,760,000 $2,548,325 $2,548,325 0.31 $2,530,330
BX Commercial Mortgage Trust 2024-GPA3 C 6.22098% 15-DEC-2039, 6.22%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,529,952 $2,541,320 $2,541,320 0.31 $2,529,954
Sandstone Peak III C 6.93177% 25-APR-2037, 6.93%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,531,235 $2,531,235 0.31 $2,509,092
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.42197% 25-JAN-2042, 11.42%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,529,763 $2,529,763 0.31 $2,519,325
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 $2,524,345 $2,524,345 0.31 $2,507,483
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,500,000 $2,523,957 $2,523,957 0.31 $2,512,551
Zais CLO 11 BR 6.05947% 20-JAN-2032, 6.06%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,523,595 $2,523,595 0.31 $2,502,555
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,518,530 $2,518,530 0.31 $2,499,834
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,517,189 $2,517,189 0.31 $2,508,425
MTN Commercial Mortgage Trust 2022-LPFL B 6.2256% 15-MAR-2039, 6.23%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,507,830 $2,507,830 0.30 $2,496,590
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,610,000 $2,500,881 $2,500,881 0.30 $2,497,064
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 $2,466,884 $2,466,884 0.30 $2,456,278
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,424,925 $2,446,949 $2,446,949 0.30 $2,431,510
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 $2,438,865 $2,438,865 0.30 $2,427,082
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 8.07197% 25-FEB-2042, 8.07%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 2,340,071 $2,438,083 $2,438,083 0.30 $2,430,737
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,420,527 $2,420,527 0.29 $2,417,461
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 $2,415,324 $2,415,324 0.29 $2,410,524
FIGRE Trust 2025-HE3|5.56|05/25/2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 2,400,000 $2,405,550 $2,405,550 0.29 $2,399,990
Citigroup Commercial Mortgage Trust 2021-PRM2 G 8.944% 15-JUN-2036, 8.94%, 10/15/38 CGCMT 2021-PRM2 17291HAS3 - - 2,400,000 $2,382,187 $2,382,187 0.29 $2,366,685
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 $2,381,567 $2,381,567 0.29 $2,377,503
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,356,502 $2,356,502 0.29 $2,345,505
SREIT Commercial Mortgage Trust 2021-MFP2 F 7.0612% 15-NOV-2036, 7.06%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,344,450 $2,344,450 0.28 $2,332,547
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,330,815 $2,330,815 0.28 $2,324,058
Connecticut Avenue Securities, Series 2021-R03 1B1 7.07197% 25-DEC-2041, 7.07%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,296,231 $2,296,231 0.28 $2,290,043
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.32197% 25-DEC-2041, 11.32%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 2,150,000 $2,290,783 $2,290,783 0.28 $2,281,317
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 2,250,000 $2,262,325 $2,262,325 0.27 $2,256,701
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,368,670 $2,245,335 $2,245,335 0.27 $2,236,995
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,169,356 $2,169,356 0.26 $2,160,786
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,252,856 $2,169,323 $2,169,323 0.26 $2,166,038
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 $2,152,845 $2,152,845 0.26 $2,150,550
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.92827% 20-OCT-2032, 6.93%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 2,135,181 $2,150,482 $2,150,482 0.26 $2,141,852
OPEN Trust 2023-AIR B 8.166707% 15-NOV-2040, 8.17%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 2,080,000 $2,092,273 $2,092,273 0.25 $2,080,004
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 2,031,122 $2,084,606 $2,084,606 0.25 $2,078,462
BX Commercial Mortgage Trust 2021-VINO E 6.39533% 15-MAY-2038, 6.40%, 05/15/38 BX 2021-VINO 05608KAJ9 - - 2,067,100 $2,071,498 $2,071,498 0.25 $2,061,950
LIFE 2022-BMR2 Mortgage Trust C 6.42183% 15-MAY-2039, 6.42%, 05/15/39 LIFE 2022-BMR2 53218DAG3 - - 2,250,000 $2,058,290 $2,058,290 0.25 $2,047,855
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.67197% 25-SEP-2041, 7.67%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,049,742 $2,049,742 0.25 $2,043,750
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.945663% 27-SEP-2052, 0.89%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,027,909 $2,027,909 0.25 $2,025,597
Mission Lane Credit Card Master Trust Series 2023-A 2302_C 9.67% 15-NOV-2028, 9.67%, 11/15/28 MLANE 2023-B 60510MAV0 - - 2,000,000 $2,014,298 $2,014,298 0.24 $2,000,868
BX Commercial Mortgage Trust 2024-WPT D 7.01841% 15-APR-2041, 7.02%, 03/15/34 BX 2024-WPT 05612JAG2 - - 2,000,000 $2,013,467 $2,013,467 0.24 $2,003,329
LIFE 2022-BMR2 Mortgage Trust D 6.87062% 15-MAY-2039, 6.87%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $2,006,884 $2,006,884 0.24 $1,995,893
FIGRE Trust 2025-HE3|5.91|05/25/2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 2,000,000 $2,004,879 $2,004,879 0.24 $1,999,954
FIGRE Trust 2025-HE3|5.71|05/25/2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 2,000,000 $2,004,731 $2,004,731 0.24 $1,999,973
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,004,019 $2,004,019 0.24 $1,994,185
CONE Trust 2024-DFW1 A 5.97044% 15-AUG-2041, 5.97%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,000,000 $2,000,063 $2,000,063 0.24 $1,991,439
Gracie Point International Funding, Series 2023-1 D 8.84828% 01-SEP-2026, 8.85%, 09/01/26 GPIF 2023-1A 383931AD4 - - 2,000,000 $1,999,514 $1,999,514 0.24 $1,995,582
GWT Commercial Mortgage Trust 2024-WLF2 E 7.96714% 15-MAY-2041, 7.97%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 2,000,000 $1,994,363 $1,994,363 0.24 $1,982,855
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $1,992,461 $1,992,461 0.24 $1,989,194
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $1,989,513 $1,989,513 0.24 $1,981,194
BX Trust 2021-BXMF G 7.792513% 15-OCT-2038, 7.79%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 2,040,266 $1,986,543 $1,986,543 0.24 $1,975,060
BX Trust 2022-FOX2 D 6.43968% 15-APR-2039, 6.44%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 1,984,034 $1,982,150 $1,982,150 0.24 $1,972,922
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,978,494 $1,979,180 $1,979,180 0.24 $1,965,027
SMRT Commercial Mortgage Trust 2022-MINI F 7.67871% 15-JAN-2039, 7.68%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $1,975,581 $1,975,581 0.24 $1,964,351
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,929,764 $1,950,128 $1,950,128 0.24 $1,940,565
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,975,000 $1,947,057 $1,947,057 0.24 $1,940,977
Angel Oak Mortgage Trust 2025-6|5.768|04/25/2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,930,000 $1,941,725 $1,941,725 0.24 $1,929,665
BX Commercial Mortgage Trust 2024-AIR2 C 6.57024% 15-OCT-2041, 6.57%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,927,651 $1,927,651 0.23 $1,918,548
ACHV ABS Trust 2023-4CP D 8.6% 25-NOV-2030, 8.60%, 11/25/30 ACHV 2023-4CP 00092CAD4 - - 1,894,000 $1,918,754 $1,918,754 0.23 $1,911,967
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,875,050 $1,875,050 0.23 $1,867,838
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.47827% 20-MAY-2032, 7.48%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,843,436 $1,859,666 $1,859,666 0.23 $1,851,625
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,832,196 $1,840,761 $1,840,761 0.22 $1,829,564
BXHPP Trust 2021-FILM C 5.543% 15-AUG-2036, 5.54%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,753,619 $1,753,619 0.21 $1,745,812
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,728,603 $1,750,825 $1,750,825 0.21 $1,740,732
Gracie Point International Funding, Series 2024-1 B 6.44828% 01-MAR-2028, 6.52%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,746,885 $1,746,885 0.21 $1,715,965
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 $1,743,667 $1,743,667 0.21 $1,730,685
Vertical Bridge CC Secured Tower Revenue Notes, Series 2020-2 B_2020_2 3.229% 15-SEP-2050, 3.23%, 09/15/50 VBTOW 2020-2A 92535VAG7 - - 1,750,000 $1,739,620 $1,739,620 0.21 $1,735,696
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,645,388 $1,679,922 $1,679,922 0.20 $1,672,010
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 $1,676,175 $1,676,175 0.20 $1,662,384
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,703,188 $1,670,096 $1,670,096 0.20 $1,666,548
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,653,283 $1,653,283 0.20 $1,646,533
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.67197% 25-DEC-2041, 6.67%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,625,269 $1,625,269 0.20 $1,621,117
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 A1_2020_1 1.69% 15-JUL-2060, 1.69%, 07/15/60 SORT 2020-1 12530MAA3 - - 1,596,717 $1,590,419 $1,590,419 0.19 $1,588,545
UMBS TBA 30yr 4% July Delivery, 4.00%, 07/14/25 FNCL 01F040677 - - 1,738,000 $1,584,861 $1,584,861 0.19 $1,584,861
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,571,027 $1,571,027 0.19 $1,563,371
ExteNet Issuer, Series 2024-1 C_241 9.05% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,567,586 $1,567,586 0.19 $1,561,930
Herbalife Ltd. 4.25% 15-JUN-2028, 4.25%, 06/15/28 HLF 42703MAF0 - - 1,702,000 $1,559,738 $1,559,738 0.19 $1,524,575
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $1,545,996 $1,545,996 0.19 $1,537,028
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 $1,538,916 $1,538,916 0.19 $1,531,760
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,548,040 $1,535,544 $1,535,544 0.19 $1,528,365
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,528,954 $1,528,954 0.19 $1,521,297
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 $1,525,201 $1,525,201 0.18 $1,518,280
United Auto Credit Securitization Trust 2024-1 C 7.06% 10-OCT-2029, 7.06%, 10/10/29 UACST 2024-1 90945DAC4 - - 1,500,000 $1,522,955 $1,522,955 0.18 $1,514,130
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 $1,520,218 $1,520,218 0.18 $1,513,259
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,519,540 $1,516,929 $1,516,929 0.18 $1,512,075
DC Trust 2024-HLTN C 7.286102% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,498,887 $1,498,887 0.18 $1,487,453
JW Commercial Mortgage Trust 2024-MRCO C 6.71876% 15-JUN-2039, 6.72%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,498,847 $1,498,847 0.18 $1,491,569
BX Trust 2021-ARIA E 6.6875% 15-OCT-2036, 6.69%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,497,901 $1,497,901 0.18 $1,490,655
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,470,638 $1,487,196 $1,487,196 0.18 $1,478,989
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 $1,475,720 $1,475,720 0.18 $1,462,081
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,492,500 $1,467,968 $1,467,968 0.18 $1,462,752
LIFE 2021-BMR Mortgage Trust F 6.793% 15-MAR-2038, 6.79%, 03/15/38 LIFE 2021-BMR 53218CAL4 - - 1,484,000 $1,454,892 $1,454,892 0.18 $1,447,611
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,454,054 $1,454,054 0.18 $1,432,326
QTS Issuer ABS I LLC|5.928|05/25/2055, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,443,381 $1,443,381 0.18 $1,443,143
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,348,199 $1,427,800 $1,427,800 0.17 $1,420,188
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,417,894 $1,417,894 0.17 $1,413,010
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,388,037 $1,393,328 $1,393,328 0.17 $1,384,989
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.32827% 20-OCT-2032, 8.33%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,358,065 $1,369,640 $1,369,640 0.17 $1,363,043
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,368,818 $1,368,818 0.17 $1,368,818
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 B1_2020_1 2.28% 15-JUL-2060, 2.28%, 07/15/60 SORT 2020-1 12530MAC9 - - 1,371,664 $1,366,952 $1,366,952 0.17 $1,364,780
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.82827% 20-MAR-2033, 7.83%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,346,328 $1,352,463 $1,352,463 0.16 $1,346,315
Connecticut Avenue Securities Trust 2024-R05 2M1 5.32197% 25-JUL-2044, 5.32%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,345,045 $1,346,757 $1,346,757 0.16 $1,343,973
BX Trust 2021-MFM1 E 6.693% 15-JAN-2034, 6.69%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 1,283,520 $1,285,486 $1,285,486 0.16 $1,279,281
Mission Lane Credit Card Master Trust Series 2023-A 2302_A 7.69% 15-NOV-2028, 7.69%, 11/15/28 MLANE 2023-B 60510MAT5 - - 1,278,000 $1,285,218 $1,285,218 0.16 $1,278,394
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 1,272,077 $1,280,832 $1,280,832 0.16 $1,276,336
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,274,243 $1,274,243 0.15 $1,274,224
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,274,055 $1,274,055 0.15 $1,272,056
BX Trust 2024-CNYN C 6.26987% 15-APR-2041, 6.27%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,258,866 $1,264,412 $1,264,412 0.15 $1,258,711
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 1,237,632 $1,260,863 $1,260,863 0.15 $1,254,457
COMM 2024-WCL1 Mortgage Trust D 7.618% 17-JUN-2041, 7.62%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 1,250,000 $1,254,730 $1,254,730 0.15 $1,247,853
PRPM 2025-RPL4 LLC|3|05/25/2055, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,341,000 $1,245,332 $1,245,332 0.15 $1,240,974
COMM 2024-WCL1 Mortgage Trust C 7.218% 17-JUN-2041, 7.22%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,242,119 $1,242,119 0.15 $1,235,603
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 $1,239,805 $1,239,805 0.15 $1,234,438
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.57197% 25-SEP-2041, 10.57%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 1,170,000 $1,232,227 $1,232,227 0.15 $1,227,416
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 $1,225,391 $1,225,391 0.15 $1,220,175
FIGRE Trust 2024-HE3 A 5.937% 25-JUL-2054, 5.94%, 07/25/54 FIGRE 2024-HE3 31684GAA0 - - 1,210,379 $1,219,427 $1,219,427 0.15 $1,216,433
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.37197% 25-DEC-2031, 6.37%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 1,205,421 $1,216,778 $1,216,778 0.15 $1,213,791
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 1,207,441 $1,216,664 $1,216,664 0.15 $1,211,072
SREIT Trust 2021-FLWR D 5.818042% 22-JUL-2036, 5.82%, 07/15/36 SREIT 78485GAL8 - - 1,200,000 $1,201,696 $1,201,696 0.15 $1,196,653
FIGRE Trust 2025-HE2 A 5.775% 25-MAR-2055, 5.78%, 03/25/55 FIGRE 2025-HE2 31684KAA1 - - 1,190,717 $1,197,060 $1,197,060 0.15 $1,189,611
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 $1,195,795 $1,195,795 0.15 $1,188,711
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,190,287 $1,190,287 0.14 $1,185,931
MTN Commercial Mortgage Trust 2022-LPFL D 7.2728% 15-MAR-2039, 7.27%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,179,513 $1,179,513 0.14 $1,173,341
Connecticut Avenue Securities, Series 2021-R02 2B1 7.62197% 25-NOV-2041, 7.62%, 11/25/41 CAS 2021-R02 20754KAF8 - - 1,141,001 $1,174,513 $1,174,513 0.14 $1,171,131
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 1,097,426 $1,174,433 $1,174,433 0.14 $1,167,497
DROP Mortgage Trust 2021-FILE A 5.593% 15-OCT-2043, 5.59%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 1,250,000 $1,170,934 $1,170,934 0.14 $1,165,884
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 1,135,869 $1,154,225 $1,154,225 0.14 $1,151,031
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 1,131,305 $1,127,098 $1,127,098 0.14 $1,125,470
Connecticut Avenue Securities Trust 2025-R01 1M2 5.82197% 25-JAN-2045, 5.82%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,057,145 $1,057,145 0.13 $1,054,418
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,050,953 $1,050,953 0.13 $1,045,398
LIFE 2021-BMR Mortgage Trust E 6.193% 15-MAR-2038, 6.19%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,044,235 $1,044,235 0.13 $1,039,538
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.97197% 25-NOV-2041, 7.97%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,036,067 $1,036,067 0.13 $1,032,967
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,034,849 $1,034,849 0.13 $1,028,717
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 $1,034,669 $1,034,669 0.13 $1,029,516
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 $1,027,040 $1,027,040 0.12 $1,017,700
MHC Commercial Mortgage Trust 2021-MHC G 7.644442% 15-APR-2038, 7.64%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,025,633 $1,025,633 0.12 $1,020,001
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 $1,025,454 $1,025,454 0.12 $1,018,537
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,025,332 $1,025,332 0.12 $1,019,589
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 $1,024,645 $1,024,645 0.12 $1,007,068
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,016,568 $1,016,568 0.12 $1,012,000
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 $1,011,799 $1,011,799 0.12 $1,009,404
MKT 2020-525M Mortgage Trust F 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,007,025 $1,007,025 0.12 $1,002,116
BX Trust 2024-VLT4 D 6.768762% 15-JUN-2041, 6.77%, 07/15/29 BX 2024-VLT4 05612TAG0 - - 1,000,000 $986,180 $986,180 0.12 $981,291
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 1,019,726 $977,939 $977,939 0.12 $973,521
BX Commercial Mortgage Trust 2024-AIR2 D 7.11945% 15-OCT-2041, 7.12%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 959,180 $961,931 $961,931 0.12 $956,999
Connecticut Avenue Securities, Series 2021-R02 2M2 6.32197% 25-NOV-2041, 6.32%, 11/25/41 CAS 2021-R02 20754KAB7 - - 941,210 $950,289 $950,289 0.12 $947,975
ALA Trust 2025-OANA D 7.39072% 15-JUN-2027, 7.39%, 06/15/30 ALA 2025-OANA 009920AG4 - - 933,000 $934,195 $934,195 0.11 $934,195
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 900,000 $920,033 $920,033 0.11 $914,439
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $909,281 $909,281 0.11 $904,331
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 900,000 $906,237 $906,237 0.11 $898,593
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 900,000 $903,512 $903,512 0.11 $897,961
Towd Point Mortgage Trust 2024-CES2 A1B 6.35% 25-FEB-2064, 6.35%, 02/25/64 TPMT 2024-CES2 89182JAB7 - - 881,137 $891,424 $891,424 0.11 $885,363
Finance Of America Structured Securities Trust Series 2024-S1|3.5|02/25/2074, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 915,472 $884,291 $884,291 0.11 $882,956
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 848,485 $879,692 $879,692 0.11 $874,903
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.92197% 25-DEC-2031, 7.92%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 852,490 $868,786 $868,786 0.11 $866,160
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 848,485 $863,308 $863,308 0.10 $860,112
BX Trust 2024-BRBK B 8.25531% 15-OCT-2041, 8.26%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 850,000 $855,033 $855,033 0.10 $849,965
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 855,333 $846,381 $846,381 0.10 $844,492
AMC Networks Inc. 10.25% 15-JAN-2029, 10.25%, 01/15/29 AMCX 00164VAG8 - - 755,000 $828,407 $828,407 0.10 $797,237
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 6.12197% 25-JUN-2047, 6.12%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 820,688 $819,394 $819,394 0.10 $817,430
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 7.07197% 25-JUN-2047, 7.07%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 797,239 $818,521 $818,521 0.10 $816,328
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.78648% 25-OCT-2057, 8.79%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 773,699 $818,451 $818,451 0.10 $815,806
Connecticut Avenue Securities Trust 2024-R03 2M2 6.27197% 25-MAR-2044, 6.27%, 03/25/44 CAS 2024-R03 207941AB1 - - 788,000 $799,350 $799,350 0.10 $797,428
Hudson's Bay Simon JV Trust 2015-HBS C10 5.628567% 05-AUG-2034, 5.63%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $798,968 $798,968 0.10 $797,760
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 778,784 $787,793 $787,793 0.10 $782,457
BXHPP Trust 2021-FILM A 5.093% 15-AUG-2036, 5.09%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $786,819 $786,819 0.10 $783,802
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 765,739 $783,023 $783,023 0.09 $775,341
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 765,739 $778,915 $778,915 0.09 $773,058
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $777,615 $777,615 0.09 $773,506
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $761,335 $761,335 0.09 $757,710
CENT Trust 2023-CITY B 7.47871% 15-SEP-2038, 7.48%, 09/15/38 CENT 2023-CITY 12516WAC5 - - 750,000 $754,046 $754,046 0.09 $749,996
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $721,927 $721,927 0.09 $717,965
Towd Point Mortgage Trust 2024-CES1 A1B 6.049% 25-JAN-2064, 6.05%, 01/25/64 TPMT 2024-CES1 89183CAB1 - - 713,643 $719,530 $719,530 0.09 $714,853
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 $718,369 $718,369 0.09 $716,425
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.57827% 20-MAY-2032, 9.58%, 05/20/32 HACLN 2024-1 44644NAD1 - - 691,288 $708,627 $708,627 0.09 $704,765
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $707,824 $707,824 0.09 $704,475
Great Wolf Trust 2024-WOLF C 6.71971% 15-MAR-2039, 6.72%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 700,000 $702,219 $702,219 0.09 $698,822
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 699,708 $676,787 $676,787 0.08 $674,093
Connecticut Avenue Securities, Series 2021-R01 1M2 5.87197% 25-OCT-2041, 5.87%, 10/25/41 CAS 2021-R01 20754RAB2 - - 667,383 $670,576 $670,576 0.08 $669,052
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 641,769 $653,340 $653,340 0.08 $648,932
Gracie Point International Funding, Series 2024-1 D 11.49828% 01-MAR-2028, 11.57%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $618,639 $618,639 0.08 $599,545
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 606,803 $611,940 $611,940 0.07 $609,435
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 599,731 $599,922 $599,922 0.07 $597,429
Connecticut Avenue Securities Trust 2024-R06 1M2 5.92197% 25-SEP-2044, 5.92%, 09/25/44 CAS 2024-R06 20755RAC9 - - 577,442 $580,129 $580,129 0.07 $578,800
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 $577,095 $577,095 0.07 $576,442
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $564,726 $564,726 0.07 $562,855
BX Trust 2022-FOX2 E 7.28788% 15-APR-2039, 7.29%, 04/15/39 BX 2022-FOX2 05610AAJ7 - - 558,389 $558,549 $558,549 0.07 $555,610
Mello Warehouse Securitization Trust 2024-1 F 9.572% 25-OCT-2057, 9.57%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $538,838 $538,838 0.07 $536,820
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $527,610 $527,610 0.06 $524,046
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $527,155 $527,155 0.06 $523,553
Connecticut Avenue Securities Trust 2024-R01 1M2 6.12197% 25-JAN-2044, 6.12%, 01/25/44 CAS 2024-R01 20753UAB6 - - 520,000 $525,143 $525,143 0.06 $523,905
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $520,480 $520,480 0.06 $517,650
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $517,628 $517,628 0.06 $515,337
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $512,534 $512,534 0.06 $510,399
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 $512,335 $512,335 0.06 $510,127
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $511,622 $511,622 0.06 $509,338
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 $510,439 $510,439 0.06 $507,972
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $509,496 $509,496 0.06 $507,402
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 500,000 $509,407 $509,407 0.06 $507,334
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $508,656 $508,656 0.06 $504,317
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 503,789 $508,224 $508,224 0.06 $505,454
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $508,129 $508,129 0.06 $506,102
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $507,304 $507,304 0.06 $504,877
Gracie Point International Funding, Series 2024-1 C 7.84828% 01-MAR-2028, 7.92%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $507,144 $507,144 0.06 $496,251
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $506,506 $506,506 0.06 $504,492
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $505,589 $505,589 0.06 $503,196
Affirm Asset Securitization Trust 2024-A C_1 6.16% 15-FEB-2029, 6.16%, 02/15/29 AFFRM 2024-A 00834BAC1 - - 500,000 $504,071 $504,071 0.06 $501,933
BX Commercial Mortgage Trust 2023-VLT3 C 7.76671% 15-NOV-2042, 7.77%, 11/15/28 BX 2023-VLT3 05611GAE4 - - 500,000 $502,805 $502,805 0.06 $500,000
ILPT Commercial Mortgage Trust 2022-LPF2 E 10.26871% 15-OCT-2039, 10.27%, 10/15/39 ILPT 2022-LPF2 449652AJ5 - - 500,000 $498,575 $498,575 0.06 $494,867
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $465,681 $465,681 0.06 $463,025
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 458,627 $461,799 $461,799 0.06 $459,476
PRPM 2024-1 A1 6.959% 25-FEB-2029, 6.96%, 02/25/29 PRPM 2024-1 693972AA9 - - 437,776 $442,003 $442,003 0.05 $440,733
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 435,271 $440,105 $440,105 0.05 $437,752
Extended Stay America Trust 2021-ESH E 7.293% 15-JUL-2038, 7.29%, 07/15/38 ESA 2021-ESH 30227FAL4 - - 428,864 $431,123 $431,123 0.05 $428,864
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $427,231 $427,231 0.05 $425,028
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $409,923 $409,923 0.05 $408,043
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.78648% 25-OCT-2057, 7.79%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 395,747 $409,808 $409,808 0.05 $408,610
Celanese Corporation CE US 150870103 - - 7,169 $407,988 $407,988 0.05 $407,988
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 - - 451,450 $406,078 $406,078 0.05 $405,523
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.33%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 410,000 $404,199 $404,199 0.05 $403,653
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 385,062 $390,992 $390,992 0.05 $387,583
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M2 6.27197% 25-FEB-2044, 6.27%, 02/25/44 STACR 2024-DNA1 35564NBA0 - - 382,632 $388,202 $388,202 0.05 $387,268
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 $385,303 $385,303 0.05 $383,290
BAMLL Re-REMIC Trust 2024-FRR4 E 1.485913% 27-NOV-2048, 1.24%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $383,103 $383,103 0.05 $382,566
BAMLL Re-REMIC Trust 2024-FRR4 F 1.394339% 27-JAN-2026, 1.16%, 11/27/48 BAMLL 05493VAL8 - - 400,119 $380,771 $380,771 0.05 $380,267
Worldwide Plaza Trust 2017-WWP A 3.5263% 10-NOV-2036, 3.53%, 11/10/36 WPT 98162JAA4 - - 528,000 $372,487 $372,487 0.05 $370,470
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 354,480 $358,041 $358,041 0.04 $355,539
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 345,721 $350,320 $350,320 0.04 $348,720
Connecticut Avenue Securities Trust 2024-R02 1M2 6.12197% 25-FEB-2044, 6.12%, 02/25/44 CAS 2024-R02 20754GAE0 - - 331,138 $334,359 $334,359 0.04 $333,571
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 325,896 $328,943 $328,943 0.04 $327,371
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $325,555 $325,555 0.04 $324,598
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $319,981 $319,981 0.04 $318,252
Surgery Center Holdings, Inc. 7.25% 15-APR-2032, 7.25%, 04/15/32 SURCEN 86881WAF9 - - 310,000 $315,029 $315,029 0.04 $311,596
BX Commercial Mortgage Trust 2024-MF C 6.26961% 15-FEB-2039, 6.27%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $311,392 $311,392 0.04 $309,989
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 $301,608 $301,608 0.04 $299,423
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.87197% 25-FEB-2050, 5.87%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 306,828 $297,855 $297,855 0.04 $297,054
CSMC 2021-BHAR E 7.944% 15-NOV-2038, 7.94%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $293,476 $293,476 0.04 $291,755
Prosper Marketplace Issuance Trust, Series 2023-1 B 7.48% 15-JUL-2029, 7.48%, 07/16/29 PMIT 2023-1A 74390NAC6 - - 273,706 $275,425 $275,425 0.03 $274,003
Readycap Lending Small Business Loan Trust 2023-3 A 7.57% 25-APR-2048, 7.57%, 04/25/48 RCLT 75576AAA1 - - 265,044 $269,770 $269,770 0.03 $268,990
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $268,395 $268,395 0.03 $268,395
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 $257,250 $257,250 0.03 $255,901
Affirm Asset Securitization Trust 2023-B D 8.78% 15-SEP-2028, 8.78%, 09/15/28 AFFRM 2023-B 00792FAJ7 - - 250,000 $253,347 $253,347 0.03 $251,823
Affirm Asset Securitization Trust 2023-B C 7.81% 15-SEP-2028, 7.81%, 09/15/28 AFFRM 2023-B 00792FAH1 - - 250,000 $252,763 $252,763 0.03 $251,407
Affirm Asset Securitization Trust 2023-X1 C 8.25% 15-NOV-2028, 8.25%, 11/15/28 AFFRM 2023-X1 00834KAC1 - - 250,000 $252,080 $252,080 0.03 $250,648
Santander US Capital Markets LLC 18-JAN-2033, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 250,000 $248,477 $248,477 0.03 $247,297
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $247,524 $247,524 0.03 $246,269
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 $246,390 $246,390 0.03 $245,078
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 236,966 $238,692 $238,692 0.03 $237,724
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 238,698 $236,413 $236,413 0.03 $235,891
BXHPP Trust 2021-FILM B 5.343% 15-AUG-2036, 5.34%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $231,290 $231,290 0.03 $230,325
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 222,076 $225,453 $225,453 0.03 $224,629
Cyrusone Data Centers Issuer I, Series 2023-1 B_2301 5.45% 20-APR-2048, 5.45%, 04/20/48 CYRUS 2023-1A 23284BAC8 - - 219,264 $216,781 $216,781 0.03 $216,117
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $205,097 $205,097 0.02 $203,574
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,189 $204,189 0.02 $202,873
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 - - 184,194 $187,191 $187,191 0.02 $186,234
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 180,695 $179,826 $179,826 0.02 $179,454
BX Commercial Mortgage Trust 2021-VINO D 5.79533% 15-MAY-2038, 5.80%, 05/15/38 BX 2021-VINO 05608KAG5 - - 175,000 $175,164 $175,164 0.02 $174,432
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 206,626 $160,144 $160,144 0.02 $160,023
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $153,911 $153,911 0.02 $153,661
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 147,926 $152,518 $152,518 0.02 $150,893
Cyrusone Data Centers Issuer I, Series 2023-2 A2_2302 5.56% 20-NOV-2048, 5.56%, 11/20/48 CYRUS 2023-2A 23284BAE4 - - 150,000 $150,579 $150,579 0.02 $150,116
SWCH Commercial Mortgage Trust 2025-DATA E 7.66893% 15-FEB-2042, 7.67%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 150,000 $149,208 $149,208 0.02 $148,377
Hudson's Bay Simon JV Trust 2015-HBS B7 4.6662% 05-AUG-2034, 4.67%, 08/05/34 HBCT 2015-HB7 44422PBC5 - - 140,000 $138,556 $138,556 0.02 $138,392
Ginnie Mae REMIC Trust 2005-065 FA 4.58307% 20-AUG-2035, 4.59%, 08/20/35 GNR 2005-65 38374LL25 - - 110,933 $109,289 $109,289 0.01 $109,006
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $99,397 $99,397 0.01 $99,220
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $99,231 $99,231 0.01 $99,058
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 99,806 $98,950 $98,950 0.01 $98,535
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 - - 96,222 $98,153 $98,153 0.01 $97,761
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $94,746 $94,746 0.01 $94,573
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $77,331 $77,331 0.01 $77,186
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 74,559 $74,306 $74,306 0.01 $74,153
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 73,161 $74,199 $74,199 0.01 $73,687
Affirm Asset Securitization Trust 2023-X1 B 7.77% 15-NOV-2028, 7.77%, 11/15/28 AFFRM 2023-X1 00834KAB3 - - 73,326 $73,754 $73,754 0.01 $73,358
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.97197% 25-JAN-2034, 5.97%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 70,693 $71,144 $71,144 0.01 $70,980
Hudson's Bay Simon JV Trust 2015-HBS A7 3.9141% 05-AUG-2034, 3.91%, 08/05/34 HBCT 2015-HB7 44422PAU6 - - 52,543 $52,172 $52,172 0.01 $52,121
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 39,746 $40,122 $40,122 0.00 $40,016
Upstart Securitization Trust 2021-1 C 4.06% 20-MAR-2031, 4.06%, 03/20/31 UPST 2021-1 91681NAC8 - - 37,515 $37,569 $37,569 0.00 $37,484
U.S. Auto Funding 2022-1 A 3.98% 15-APR-2025, 3.98%, 12/31/25 USAUT 2022-1A 90355FAA6 - - 23,081 $23,032 $23,032 0.00 $22,969
US 10YR FUT OPTN Jul25Put 107.25 TYN5P TYU5 COMDTY $107.25 -288.00 $31,725,000 $0 0.00 $0
US 5YR NOTE (CBT) Sep25 SEP 25 FVU5 FUTURES_USD - 482.00 $51,912,906 $0 0.00 $0
US 10YR FUT OPTN Jul25C 114 114 TYN5C TYU5 COMDTY $114.00 -288.00 $-31,725,000 $0 0.00 $0
US 10YR NOTE (CBT)Sep25 SEP 25 TYU5 FUTURES_USD - -135.00 $-14,871,094 $0 0.00 $0
US 10yr Ultra Fut Sep25 SEP 25 UXYU5 FUTURES_USD - -307.00 $-34,374,406 $0 0.00 $0
US 2YR NOTE (CBT) Sep25 SEP 25 TUU5 FUTURES_USD - 529.00 $109,527,797 $0 0.00 $0
ESM5 20Jun25 Call (AMERICAN PHYSICAL) 6350 ESM5C ESM5 INDEX $6,350.00 -35.00 $-10,517,938 $-525 0.00 $-525
ESM5 20Jun25 Put (AMERICAN PHYSICAL) 5310 ESM5P ESM5 INDEX $5,310.00 -35.00 $10,517,938 $-1,925 0.00 $-1,925
GOLD FUT OPT(CMX) Jul25C 3850 3850 GCN5C 3347374 GCQ5 COMDTY $3,850.00 -98.00 $-32,878,020 $-1,960 0.00 $-1,960
CRUDE OIL FUT OPT Jul25P 57 57 CLN5P CLN5 COMDTY $57.00 -81.00 $5,230,980 $-2,430 0.00 $-2,430
GOLD FUT OPT(CMX) Jul25P 2770 2770 GCN5P 3399507 GCQ5 COMDTY $2,770.00 -98.00 $32,878,020 $-2,940 0.00 $-2,940
CRUDE OIL FUT OPT Jul25C 68.5 68.5 CLN5C CLN5 COMDTY $68.50 -81.00 $-5,230,980 $-19,440 0.00 $-19,440
UMBS TBA 30yr 2.5% July Delivery, 2.50%, 07/14/25 FNCL 01F022675 - - -44,565,000 $-36,120,200 $-36,120,200 -4.38 $-36,120,200
SEGREGATED CASH SEGCASH - $0.00 5,080,000 $5,080,000 $5,080,000 0.62 $5,080,000
US DOLLARS USD MD_142224 - - -255,967,218 $-255,967,218 $-255,967,218 -31.04 $-255,967,218
Janus Henderson AAA CLO ETF 07/24/25 - 47103U845 $50.88 154,000 $7,792,400 $59,375 0.01 $21,560
Janus Henderson AAA CLO ETF 07/24/25 - 47103U845 $50.99 181,335 $9,175,551 $25,387 0.00 $25,387
Janus Henderson AAA CLO ETF 07/24/25 - 47103U845 $50.99 120,948 $6,119,969 $16,933 0.00 $16,933
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,131,250 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,181,250 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,150,000 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,098,438 $0 0.00 $0
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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