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 10/29/2025)

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% November Delivery, 2.50%, 11/20/25 G2SF 21H0226B2 - - 136,700,000 $118,696,063 $118,696,063 9.33 $118,696,063
UMBS TBA 30yr 5.5% November Delivery, 5.50%, 11/13/25 FNCL 01F0526B3 - - 65,610,000 $66,340,239 $66,340,239 5.22 $66,340,239
UMBS TBA 30yr 6.5% November Delivery, 6.50%, 11/13/25 FNCL 01F0626B2 - - 60,613,000 $62,778,702 $62,778,702 4.94 $62,778,702
UMBS TBA 30yr 6% November Delivery, 6.00%, 11/13/25 FNCL 01F0606B6 - - 57,605,000 $58,956,413 $58,956,413 4.64 $58,956,413
UMBS TBA 30yr 3.5% December Delivery, 3.50%, 12/11/25 FNCL 01F0326C3 - - 30,930,000 $28,534,069 $28,534,069 2.25 $28,534,069
UMBS TBA 30yr 4.5% November Delivery, 4.50%, 11/13/25 FNCL 01F0426B4 - - 25,880,000 $25,257,664 $25,257,664 1.99 $25,257,664
UMBS TBA 30yr 3% November Delivery, 3.00%, 11/13/25 FNCL 01F0306B9 - - 25,640,000 $22,756,397 $22,756,397 1.79 $22,756,397
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.83279% 25-FEB-2045, 5.83%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,849,680 $16,849,680 1.32 $16,841,507
Fannie Mae REMIC Trust 2025-12 FC 5.45603% 25-MAR-2055, 5.28%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,816,584 $12,845,196 $12,845,196 1.01 $12,835,792
CENT Trust 2025-CITY A 5.090927% 10-JUL-2040, 4.92%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,831,089 $12,831,089 1.01 $12,781,012
ALA Trust 2025-OANA A 5.77563% 15-JUN-2040, 5.78%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,114,390 $12,114,390 0.95 $12,085,383
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,818,440 $11,858,563 $11,858,563 0.93 $11,804,021
Freddie Mac Multiclass Certificates, Series 5544 FC 5.35603% 25-JUN-2055, 5.18%, 06/25/55 FHR 5544 3137HLNP3 - - 11,659,739 $11,697,597 $11,697,597 0.92 $11,689,204
AB BSL CLO 1 Ltd|5.395|10/15/2038, 5.39%, 10/15/38 ABBSL 2020-1A 00038KBL4 - - 11,000,000 $11,000,000 $11,000,000 0.86 $11,000,000
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 10,863,417 $10,978,487 $10,978,487 0.86 $10,929,831
BX Commercial Mortgage Trust 2024-XL4 A 5.4742% 15-FEB-2039, 5.47%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,645,075 $10,645,075 0.84 $10,620,865
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,286,241 $10,286,241 0.81 $10,259,232
BX Trust 2025-VLT7 E 7.78217% 15-JUL-2044, 7.78%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $10,057,052 $10,057,052 0.79 $10,024,736
WB Commercial Mortgage Trust 2024-HQ A 6.134383% 16-MAR-2040, 5.94%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,019,957 $10,019,957 0.79 $9,972,135
BX Trust 2024-FNX A 5.47447% 15-NOV-2041, 5.47%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,919,245 $9,919,245 0.78 $9,896,679
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 9,295,479 $9,326,544 $9,326,544 0.73 $9,284,604
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,611,571 $8,611,571 0.68 $8,585,646
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,299,559 $8,299,559 0.65 $8,287,259
PMT LOAN TRUST 2025-J3 FLTG 2056 A3, 5.71%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 8,028,000 $8,034,960 $8,034,960 0.63 $8,028,588
Radian Mortgage Capital Trust 2025-J4|5.73078|03/25/2056, 5.73%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 8,017,000 $8,022,697 $8,022,697 0.63 $8,016,237
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $7,995,687 $7,995,687 0.63 $7,941,002
OBX 2025-J3 TRUST FLTG 2055 AF, 5.68%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,915,703 $7,960,349 $7,960,349 0.62 $7,915,520
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 7,650,000 $7,691,054 $7,691,054 0.60 $7,685,236
Extended Stay America Trust 2025-ESH B 5.75% 15-OCT-2042, 5.75%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,529,712 $7,529,712 0.59 $7,517,733
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,524,807 $7,524,807 0.59 $7,507,307
HILT 2025-NVIL A 5.77517% 15-JUL-2042, 5.78%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,440,128 $7,440,128 0.58 $7,422,321
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 7.93279% 25-FEB-2042, 7.93%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 7,158,664 $7,409,543 $7,409,543 0.58 $7,404,811
Connecticut Avenue Securities Trust 2025-R01 1M1 5.45603% 25-JAN-2045, 5.28%, 01/25/45 CAS 2025-R01 20755JAB9 - - 7,305,719 $7,314,961 $7,314,961 0.57 $7,311,745
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $7,208,179 $7,208,179 0.57 $7,175,255
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,189,264 $7,189,264 0.56 $7,151,211
BLP Commercial Mortgage Trust 2024-IND2 A 5.37432% 15-MAR-2041, 5.37%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,907,463 $6,920,418 $6,920,418 0.54 $6,904,950
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,904,127 $6,904,127 0.54 $6,887,717
KRE Commercial Mortgage Trust 2025-AIP4 A 5.33217% 15-MAR-2042, 5.33%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,902,793 $6,902,793 0.54 $6,887,459
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.85603% 25-OCT-2041, 11.68%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,636,849 $6,636,849 0.52 $6,586,495
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.52239% 25-OCT-2057, 6.36%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,230,876 $6,533,800 $6,533,800 0.51 $6,425,911
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.43279% 25-SEP-2041, 10.43%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 6,288,000 $6,521,864 $6,521,864 0.51 $6,516,397
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,473,379 $6,473,379 0.51 $6,459,726
Connecticut Avenue Securities, Series 2021-R03 1M2 6.00603% 25-DEC-2041, 5.83%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,254,349 $6,254,349 0.49 $6,251,326
SMRT Commercial Mortgage Trust 2022-MINI D 5.98217% 15-JAN-2039, 5.98%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 6,250,000 $6,237,417 $6,237,417 0.49 $6,221,837
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,178,151 $6,059,760 $6,059,760 0.48 $6,039,853
BX Trust 2025-TAIL D 6.48217% 15-JUN-2035, 6.48%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,007,582 $6,007,582 0.47 $5,991,377
HPEFS EQUIPMENT TRUST 2025-2 0% 33, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $5,989,418 $5,989,418 0.47 $5,983,058
BX Trust 2024-CNYN D 6.72226% 15-APR-2041, 6.72%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,942,296 $5,973,374 $5,973,374 0.47 $5,956,730
FHLMC STACR REMIC TR 2025-DNA3 M1, 5.28%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 5,436,739 $5,968,599 $5,968,599 0.47 $5,439,944
FS Commercial Mortgage Trust 2023-4SZN D 9.382749% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,947,807 $5,947,807 0.47 $5,905,749
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 5,981,209 $5,844,688 $5,844,688 0.46 $5,824,693
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 5,517,000 $5,579,063 $5,579,063 0.44 $5,574,895
PRPM 2025-RCF5 5.31%55 A2, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,551,705 $5,551,705 0.44 $5,503,841
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,453,193 $5,531,748 $5,531,748 0.43 $5,526,791
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.85603% 25-MAY-2045, 5.68%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,507,405 $5,507,405 0.43 $5,504,795
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,412,296 $5,412,296 0.42 $5,398,831
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.15603% 25-NOV-2041, 5.98%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,348,858 $5,348,858 0.42 $5,319,170
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,244,786 $5,278,819 $5,278,819 0.41 $5,255,645
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.68%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,171,211 $5,171,211 0.41 $5,168,763
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,168,791 $5,168,791 0.41 $5,163,446
BX Commercial Mortgage Trust 2021-VOLT E 6.147% 15-SEP-2036, 6.15%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,166,760 $5,168,705 $5,168,705 0.41 $5,155,472
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 4,854,000 $5,158,898 $5,158,898 0.40 $5,070,414
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 5,062,127 $5,135,777 $5,135,777 0.40 $5,112,081
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 12.15603% 25-NOV-2041, 11.98%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,095,345 $5,095,345 0.40 $5,090,552
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $5,045,416 $5,045,416 0.40 $5,041,419
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 4,926,995 $5,039,380 $5,039,380 0.40 $4,925,958
Ares LXXI CLO A2 5.58444% 20-APR-2037, 5.99%, 04/20/37 ARES 2024-71A 04020MAC3 - - 5,000,000 $5,021,697 $5,021,697 0.39 $5,014,206
SALUDA GR ALT MTG TR 2025-LOC5 A1B, 5.79%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,018,205 $5,018,205 0.39 $5,000,190
Chase Auto Credit Linked Notes, Series 2025-1 E 6.024% 25-JUN-2033, 6.02%, 02/25/33 CACLN 2025-1 46591HCV0 - - 5,018,085 $4,986,647 $4,986,647 0.39 $4,982,448
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 4,940,434 $4,967,054 $4,967,054 0.39 $4,962,685
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $4,951,339 $4,951,339 0.39 $4,940,735
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 $4,939,265 $4,939,265 0.39 $4,934,113
SCG Commercial Mortgage Trust 2025-DLFN E 6.98217% 15-MAR-2035, 6.98%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,899,164 $4,899,164 0.38 $4,884,897
Fannie Mae REMIC Trust 2025-9 FA 5.55603% 25-MAR-2055, 5.38%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,872,517 $4,890,962 $4,890,962 0.38 $4,887,320
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,600,000 $4,762,085 $4,762,085 0.37 $4,693,269
BX Commercial Mortgage Trust 2024-MF D 6.72199% 15-FEB-2039, 6.72%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,755,782 $4,755,782 0.37 $4,742,514
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.33279% 25-FEB-2045, 5.33%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 4,735,500 $4,740,663 $4,740,663 0.37 $4,738,559
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,671,867 $4,671,867 0.37 $4,654,467
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.77239% 25-OCT-2057, 6.61%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,501,071 $4,643,374 $4,643,374 0.36 $4,640,897
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - - 4,602,729 $4,608,336 $4,608,336 0.36 $4,603,984
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,603,255 $4,603,255 0.36 $4,574,042
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,592,240 $4,592,240 0.36 $4,588,491
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 $4,535,621 $4,535,621 0.36 $4,526,651
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,529,377 $4,529,377 0.36 $4,515,408
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,477,772 $4,525,564 $4,525,564 0.36 $4,520,963
NRTH Commercial Mortgage Trust 2025-PARK B 5.79292% 15-OCT-2040, 5.79%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,504,357 $4,504,357 0.35 $4,493,495
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,483,275 $4,502,056 $4,502,056 0.35 $4,481,203
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $4,502,049 $4,502,049 0.35 $4,419,809
Great Wolf Trust 2024-WOLF D 6.92217% 15-MAR-2039, 6.92%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 4,425,000 $4,459,879 $4,459,879 0.35 $4,447,116
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 4,408,527 $4,449,642 $4,449,642 0.35 $4,430,110
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 $4,404,541 $4,404,541 0.35 $4,398,967
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 $4,374,347 $4,374,347 0.34 $4,362,918
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 8.0% 25-APR-2029, 8.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 4,358,471 $4,363,240 $4,363,240 0.34 $4,335,152
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,287,449 $4,339,593 $4,339,593 0.34 $4,319,952
TOWD POINT MORTGAGE TRUS 5.98666% 65, 5.83%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,336,654 $4,336,654 0.34 $4,311,991
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 $4,302,865 $4,302,865 0.34 $4,270,612
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,238,664 $4,261,700 $4,261,700 0.33 $4,243,033
MTN Commercial Mortgage Trust 2022-LPFL A 5.4369% 15-MAR-2039, 5.44%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,249,315 $4,249,315 0.33 $4,239,709
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 4,002,961 $4,213,675 $4,213,675 0.33 $4,030,132
IRV Trust 2025-200P C 5.921382% 14-MAR-2047, 5.73%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,198,542 $4,198,542 0.33 $4,179,154
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 4,040,281 $4,191,000 $4,191,000 0.33 $4,169,135
BX Trust 2024-VLT4 E 6.921574% 15-JUN-2041, 6.92%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,158,509 $4,158,509 0.33 $4,146,549
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.28279% 25-SEP-2041, 6.28%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 4,100,848 $4,133,938 $4,133,938 0.32 $4,131,791
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,107,788 $4,107,788 0.32 $4,098,598
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA1 M2 9.43279% 25-MAR-2042, 9.43%, 03/25/42 STACR 2022-HQA1 35564KTJ8 - - 3,856,000 $4,061,673 $4,061,673 0.32 $4,058,642
BX Trust 2024-BRBK A 6.91181% 15-OCT-2041, 6.91%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,012,463 $4,012,463 0.31 $4,000,967
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 4,057,488 $3,958,642 $3,958,642 0.31 $3,951,519
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.35603% 25-DEC-2041, 11.18%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 3,719,000 $3,927,046 $3,927,046 0.31 $3,923,580
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,861,055 $3,910,820 $3,910,820 0.31 $3,893,234
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,897,472 $3,910,780 $3,910,780 0.31 $3,895,091
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,900,050 $3,904,375 $3,904,375 0.31 $3,897,019
BX Trust 2025-LUNR D 6.53217% 15-JUN-2040, 6.53%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,822,340 $3,839,509 $3,839,509 0.30 $3,829,105
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,787,925 $3,787,925 0.30 $3,784,917
FREMF 2023-K511 Mortgage Trust C 5.634583% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,783,429 $3,783,429 0.30 $3,746,491
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 $3,762,269 $3,762,269 0.30 $3,739,785
BMP Commercial Mortgage Trust 2024-MF23 D 6.42266% 15-JUN-2041, 6.42%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,761,608 $3,761,608 0.30 $3,751,572
BX Trust 2021-MFM1 E 6.397% 15-JAN-2034, 6.40%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 3,733,520 $3,741,243 $3,741,243 0.29 $3,731,292
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,740,739 $3,740,739 0.29 $3,737,420
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.38%, 05/25/45 CAS 2025-R04 20755TAB7 - - 3,705,231 $3,713,725 $3,713,725 0.29 $3,712,063
Extended Stay America Trust 2025-ESH D 6.75% 15-OCT-2042, 6.75%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,705,151 $3,705,151 0.29 $3,698,261
Extended Stay America Trust 2025-ESH E 7.5% 15-OCT-2042, 7.50%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,698,590 $3,698,590 0.29 $3,690,933
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,612,812 $3,612,812 0.28 $3,610,192
BX Commercial Mortgage Trust 2024-XL5 D 6.72197% 15-MAR-2041, 6.72%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,593,002 $3,603,775 $3,603,775 0.28 $3,593,712
Bayview Opportunity Master Fund VII 2025-EDU1 C 6.133% 25-JUL-2048, 5.98%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,596,791 $3,598,576 $3,598,576 0.28 $3,596,783
DROP Mortgage Trust 2021-FILE A 5.297% 15-OCT-2043, 5.30%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,558,415 $3,558,415 0.28 $3,550,360
SCG Trust 2025-SNIP D 6.63217% 15-SEP-2042, 6.63%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,513,904 $3,513,904 0.28 $3,504,232
Affirm Master Trust Series 2025-3 B 4.75% 15-OCT-2034, 4.75%, 10/16/34 AFRMT 2025-3A 00833BAP3 - - 3,500,000 $3,501,028 $3,501,028 0.27 $3,483,941
Taco Bell Funding Series 2025-1 A2I 4.821% 25-AUG-2055, 4.82%, 08/25/55 BELL 2025-1A 87342RAK0 - - 3,425,000 $3,430,868 $3,430,868 0.27 $3,414,356
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,425,711 $3,425,711 0.27 $3,397,457
CSMC 2021-BHAR C 6.147% 15-NOV-2038, 6.15%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,419,243 $3,419,243 0.27 $3,410,416
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,361,326 $3,394,581 $3,394,581 0.27 $3,379,193
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,259,475 $3,379,540 $3,379,540 0.27 $3,360,984
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,274,648 $3,318,312 $3,318,312 0.26 $3,315,802
BX Trust 2021-ARIA D 6.0424% 15-OCT-2036, 6.04%, 10/15/36 BX 2021-ARIA 05608RAJ4 - - 3,300,000 $3,300,045 $3,300,045 0.26 $3,291,737
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 3,244,745 $3,286,414 $3,286,414 0.26 $3,275,920
Connecticut Avenue Securities Trust 2022-R01 1B2 10.35603% 25-DEC-2041, 10.18%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 3,108,409 $3,282,983 $3,282,983 0.26 $3,251,732
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,263,354 $3,263,354 0.26 $3,260,646
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,197,393 $3,197,393 0.25 $3,192,558
Kioxia Holdings Corporation 6.625% 24-JUL-2033, 6.62%, 07/24/33 KIOXIA 49726JAB4 - - 3,000,000 $3,192,538 $3,192,538 0.25 $3,139,538
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 $3,180,894 $3,180,894 0.25 $3,175,957
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,179,186 $3,179,186 0.25 $3,170,248
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,144,495 $3,166,598 $3,166,598 0.25 $3,150,211
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,146,556 $3,146,556 0.25 $3,136,802
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,143,670 $3,143,670 0.25 $3,141,022
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,120,320 $3,120,320 0.24 $3,109,916
Wells Fargo Commercial Mortgage Trust 2024-MGP C11 7.12132% 15-AUG-2041, 7.12%, 08/15/41 WFCM 2024-MGP 95003TAE3 - - 3,100,000 $3,102,837 $3,102,837 0.24 $3,093,639
Connecticut Avenue Securities Trust 2024-R05 2M1 5.35603% 25-JUL-2044, 5.18%, 07/25/44 CAS 2024-R05 20754XAB9 - - 3,091,021 $3,092,374 $3,092,374 0.24 $3,091,039
BX Trust 2024-BIO C 6.67217% 15-FEB-2041, 6.67%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,091,342 $3,091,342 0.24 $3,082,704
BX Trust 2021-ARIA F 6.7405% 15-OCT-2036, 6.74%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,088,933 $3,088,933 0.24 $3,080,261
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,087,158 $3,087,158 0.24 $3,075,038
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,080,261 $3,080,261 0.24 $3,077,226
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,074,498 $3,074,498 0.24 $3,071,585
Connecticut Avenue Securities, Series 2021-R01 1B1 7.45603% 25-OCT-2041, 7.28%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,061,191 $3,061,191 0.24 $3,059,370
Galaxy XXVI CLO Ltd., 6.99%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,007,586 $3,039,428 $3,039,428 0.24 $3,023,665
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 $3,033,473 $3,033,473 0.24 $3,031,090
CarMax Select Receivables Trust 2025-B D 5.33% 15-JUL-2031, 5.33%, 07/15/31 CMXS 2025-B 14320BAF6 - - 3,000,000 $3,011,112 $3,011,112 0.24 $3,004,449
Sierra Timeshare 2025-3 Receivables Funding C 4.98% 20-AUG-2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 3,000,000 $3,007,553 $3,007,553 0.24 $3,001,328
SWITCH ABS ISSUER 2025-2 A2 II, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,006,842 $3,006,842 0.24 $3,000,583
BFLD Commercial Mortgage Trust 2025-5MW C 5.632938% 10-OCT-2042, 5.45%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,002,436 $3,002,436 0.24 $2,989,262
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 $2,981,558 $2,981,558 0.23 $2,963,930
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $2,968,501 $2,968,501 0.23 $2,959,384
SWCH Commercial Mortgage Trust 2025-DATA E 7.37239% 15-FEB-2042, 7.37%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,941,549 $2,941,549 0.23 $2,932,487
BXP Trust 2017-GM E 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,939,785 $2,939,785 0.23 $2,931,288
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 2,846,892 $2,914,308 $2,914,308 0.23 $2,902,243
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,885,882 $2,912,319 $2,912,319 0.23 $2,899,293
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,880,839 $2,905,419 $2,905,419 0.23 $2,892,680
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,890,859 $2,890,859 0.23 $2,884,433
SCG Commercial Mortgage Trust 2025-FLWR E 6.78217% 15-AUG-2042, 6.78%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,872,644 $2,872,644 0.23 $2,864,542
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,730,692 $2,861,026 $2,861,026 0.22 $2,735,503
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,836,809 $2,836,809 0.22 $2,823,285
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 $2,833,398 $2,833,398 0.22 $2,826,631
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,824,077 $2,824,077 0.22 $2,815,257
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 $2,789,726 $2,789,726 0.22 $2,775,915
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,717,131 $2,766,507 $2,766,507 0.22 $2,764,157
BX Trust 2025-ROIC E 6.97346% 15-FEB-2042, 6.97%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,755,812 $2,755,812 0.22 $2,747,760
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,701,410 $2,733,080 $2,733,080 0.21 $2,720,480
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,704,268 $2,704,268 0.21 $2,697,069
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 $2,699,361 $2,699,361 0.21 $2,696,721
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,771,764 $2,696,582 $2,696,582 0.21 $2,695,235
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,776,673 $2,688,174 $2,688,174 0.21 $2,686,824
MHC Commercial Mortgage Trust 2021-MHC F 6.748442% 15-APR-2038, 6.75%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,666,451 $2,666,451 0.21 $2,658,972
Connecticut Avenue Securities Trust 2024-R06 1M2 5.95603% 25-SEP-2044, 5.78%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,653,786 $2,653,786 0.21 $2,652,510
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.43379% 20-MAR-2033, 6.43%, 03/21/33 HACLN 2025-1 446438SZ7 - - 2,618,167 $2,639,481 $2,639,481 0.21 $2,634,802
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 2,593,000 $2,626,643 $2,626,643 0.21 $2,620,495
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,578,641 $2,589,886 $2,589,886 0.20 $2,579,172
Zais CLO 11 BR 5.67444% 20-JAN-2032, 5.67%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,550,372 $2,550,372 0.20 $2,507,785
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,543,208 $2,543,208 0.20 $2,538,826
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,538,776 $2,538,776 0.20 $2,535,904
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,538,744 $2,538,744 0.20 $2,530,848
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 $2,534,490 $2,534,490 0.20 $2,521,951
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,527,670 $2,527,670 0.20 $2,522,045
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 $2,517,272 $2,517,272 0.20 $2,511,278
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,745,000 $2,516,823 $2,516,823 0.20 $2,514,834
Sandstone Peak III C 6.96846% 25-APR-2037, 6.51%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,515,108 $2,515,108 0.20 $2,513,752
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,500,000 $2,513,166 $2,513,166 0.20 $2,506,322
MTN Commercial Mortgage Trust 2022-LPFL B 5.9356% 15-MAR-2039, 5.94%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,506,702 $2,506,702 0.20 $2,500,519
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,506,003 $2,506,003 0.20 $2,492,100
BX Commercial Mortgage Trust 2024-AIR2 D 6.82245% 15-OCT-2041, 6.82%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,498,917 $2,498,917 0.20 $2,491,840
RCKTL 2025-2 0% 34, 4.95%, 11/27/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,494,162 $2,494,162 0.20 $2,493,818
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.45603% 25-JAN-2042, 11.28%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,490,518 $2,490,518 0.20 $2,488,309
280 Park Avenue 2017-280P Mortgage Trust B 5.464% 15-SEP-2034, 5.46%, 09/15/34 PRK 2017-280P 90205FAG5 - - 2,500,000 $2,480,065 $2,480,065 0.19 $2,474,373
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,447,988 $2,472,577 $2,472,577 0.19 $2,462,224
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 $2,466,085 $2,466,085 0.19 $2,460,053
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 $2,461,053 $2,461,053 0.19 $2,459,453
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,463,814 $2,454,047 $2,454,047 0.19 $2,443,891
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,452,403 $2,452,403 0.19 $2,448,673
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,435,095 $2,435,095 0.19 $2,425,215
PRET 2025-RPL5 Trust|4.15|01/25/2070, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,475,000 $2,425,023 $2,425,023 0.19 $2,416,749
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 $2,422,530 $2,422,530 0.19 $2,415,461
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 $2,420,391 $2,420,391 0.19 $2,414,850
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,367,967 $2,367,967 0.19 $2,361,369
PRM7 Trust 2025-PRM7 E 6.839055% 10-NOV-2042, 6.84%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,359,282 $2,359,282 0.19 $2,346,143
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,365,261 $2,356,206 $2,356,206 0.18 $2,346,264
ALA Trust 2025-OANA D 7.12372% 15-JUN-2040, 7.12%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,345,938 $2,345,938 0.18 $2,339,014
Connecticut Avenue Securities Trust 2025-R06 1M1 5.30603% 25-SEP-2045, 5.13%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,339,650 $2,340,945 $2,340,945 0.18 $2,339,944
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,337,441 $2,337,441 0.18 $2,321,675
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.7652% 15-NOV-2036, 6.76%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,336,086 $2,336,086 0.18 $2,329,508
Connecticut Avenue Securities, Series 2021-R03 1B1 7.10603% 25-DEC-2041, 6.93%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,289,390 $2,289,390 0.18 $2,288,090
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,245,249 $2,273,263 $2,273,263 0.18 $2,262,634
Chase Auto Credit Linked Notes, Series 2025-1 F 6.996% 25-JUN-2033, 7.00%, 02/25/33 CACLN 2025-1 46591HCW8 - - 2,216,469 $2,246,153 $2,246,153 0.18 $2,243,999
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,231,919 $2,231,919 0.18 $2,225,546
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 $2,207,712 $2,207,712 0.17 $2,202,817
GS Mortgage-Backed Securities Trust 2025-RPL3 A1 4.1% 25-JUL-2065, 4.10%, 07/25/65 GSMBS 2025-RPL3 362963AA8 - - 2,246,489 $2,201,033 $2,201,033 0.17 $2,193,613
BX Commercial Mortgage Trust 2024-GPA3 C 5.92398% 15-DEC-2039, 5.92%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,173,941 $2,173,941 0.17 $2,168,596
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,194,116 $2,162,678 $2,162,678 0.17 $2,142,657
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,237,820 $2,155,278 $2,155,278 0.17 $2,149,419
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 $2,150,999 $2,150,999 0.17 $2,143,603
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.854433% 27-SEP-2052, 0.95%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,143,358 $2,143,358 0.17 $2,141,523
OPEN Trust 2023-AIR B 7.870167% 15-NOV-2040, 7.87%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 2,080,000 $2,087,059 $2,087,059 0.16 $2,080,238
CONE Trust 2024-DFW1 A 5.6739% 15-AUG-2041, 5.67%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,080,000 $2,082,431 $2,082,431 0.16 $2,077,514
GS MTG-BKD TRUST 2025-CES2 A1, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 2,059,213 $2,072,159 $2,072,159 0.16 $2,063,567
TOWD POINT MORTGAGE TRUST 6.125% 65, 5.67%, 08/25/65 TPMT 2025-CES3 891949AC3 - - 2,060,000 $2,059,822 $2,059,822 0.16 $2,050,418
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,037,661 $2,037,661 0.16 $2,031,761
MKT 2020-525M Mortgage Trust D 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,036,118 $2,036,118 0.16 $2,030,196
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.53279% 25-SEP-2041, 7.53%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,035,127 $2,035,127 0.16 $2,033,843
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 2,032,818 $2,032,701 $2,032,701 0.16 $2,024,849
GWT Commercial Mortgage Trust 2024-WLF2 E 7.6706% 15-MAY-2041, 7.67%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 2,000,000 $2,022,304 $2,022,304 0.16 $2,015,912
PRPM 2025-RCF5 6.7%55 A3, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,019,300 $2,019,300 0.16 $2,001,403
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,014,580 $2,014,580 0.16 $2,009,588
SMRT Commercial Mortgage Trust 2022-MINI F 7.38217% 15-JAN-2039, 7.38%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $2,011,843 $2,011,843 0.16 $2,005,614
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $2,005,749 $2,005,749 0.16 $1,995,949
LIFE 2022-BMR2 Mortgage Trust D 6.57408% 15-MAY-2039, 6.57%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $1,984,319 $1,984,319 0.16 $1,978,252
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,970,000 $1,982,538 $1,982,538 0.16 $1,964,344
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 - - 1,950,478 $1,972,517 $1,972,517 0.15 $1,970,678
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,928,006 $1,945,057 $1,945,057 0.15 $1,936,190
BX Trust 2022-FOX2 D 6.14314% 15-APR-2039, 6.14%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 1,942,500 $1,943,151 $1,943,151 0.15 $1,938,179
BX Commercial Mortgage Trust 2024-AIR2 C 6.27324% 15-OCT-2041, 6.27%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,925,562 $1,925,562 0.15 $1,920,547
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,806,258 $1,919,566 $1,919,566 0.15 $1,866,218
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,915,379 $1,915,379 0.15 $1,899,304
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,884,222 $1,884,222 0.15 $1,878,860
Lennar Corporation Class A LEN US 526057104 - - 14,999 $1,862,576 $1,862,576 0.15 $1,862,576
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,830,709 $1,851,523 $1,851,523 0.15 $1,843,017
BX Trust 2024-BRBK B 7.95877% 15-OCT-2041, 7.96%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,849,228 $1,849,228 0.15 $1,843,093
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,805,329 $1,830,618 $1,830,618 0.14 $1,821,015
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,807,707 $1,830,444 $1,830,444 0.14 $1,821,838
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,807,707 $1,826,979 $1,826,979 0.14 $1,818,664
BX Trust 2021-BXMF G 7.496513% 15-OCT-2038, 7.50%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,806,220 $1,806,220 0.14 $1,800,571
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 $1,802,349 $1,802,349 0.14 $1,801,012
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 $1,795,560 $1,795,560 0.14 $1,793,344
BXHPP Trust 2021-FILM C 5.247% 15-AUG-2036, 5.25%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,793,490 $1,793,490 0.14 $1,789,227
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,785,251 $1,785,251 0.14 $1,769,483
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,770,695 $1,770,695 0.14 $1,766,801
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 $1,752,022 $1,752,022 0.14 $1,742,369
CarMax Auto Owner Trust 2025-4 D 5.11% 15-MAR-2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,748,446 $1,748,446 0.14 $1,746,459
Gracie Point International Funding, Series 2024-1 B 6.45559% 01-MAR-2028, 6.46%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,744,169 $1,744,169 0.14 $1,726,239
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.78379% 20-OCT-2032, 6.78%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 1,716,877 $1,736,454 $1,736,454 0.14 $1,733,218
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,734,929 $1,734,929 0.14 $1,725,708
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 $1,667,301 $1,667,301 0.13 $1,657,046
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,658,380 $1,658,380 0.13 $1,654,330
UMBS TBA 30yr 4% November Delivery, 4.00%, 11/13/25 FNCL 01F0406B8 - - 1,738,000 $1,651,415 $1,651,415 0.13 $1,651,415
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.70603% 25-DEC-2041, 6.53%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,620,430 $1,620,430 0.13 $1,619,559
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,629,421 $1,620,378 $1,620,378 0.13 $1,619,246
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,603,138 $1,617,745 $1,617,745 0.13 $1,610,460
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,608,889 $1,608,889 0.13 $1,603,195
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,556,583 $1,604,957 $1,604,957 0.13 $1,600,466
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,584,899 $1,597,675 $1,597,675 0.13 $1,590,770
BX Commercial Mortgage Trust 2024-WPT D 6.72187% 15-APR-2041, 6.72%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,587,837 $1,587,837 0.12 $1,583,411
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,569,231 $1,569,231 0.12 $1,565,403
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,539,790 $1,558,817 $1,558,817 0.12 $1,532,695
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,534,167 $1,542,656 $1,542,656 0.12 $1,536,294
ExteNet Issuer, Series 2024-1 C_241 8.484375% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,542,388 $1,542,388 0.12 $1,540,502
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,488,750 $1,522,758 $1,522,758 0.12 $1,504,547
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 $1,520,385 $1,520,385 0.12 $1,516,091
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 $1,519,601 $1,519,601 0.12 $1,515,448
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,517,875 $1,517,875 0.12 $1,514,775
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - - 1,522,510 $1,517,069 $1,517,069 0.12 $1,513,221
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 $1,510,309 $1,510,309 0.12 $1,504,426
DC Trust 2024-HLTN C 7.286102% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,508,976 $1,508,976 0.12 $1,500,474
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 $1,508,518 $1,508,518 0.12 $1,504,343
Gracie Point International Funding, Series 2025-1 C 0.0% 15-AUG-2028, 7.06%, 08/15/28 GPIF 2025-1A 38411WAC6 - - 1,500,000 $1,507,253 $1,507,253 0.12 $1,502,838
Saluds Grade Alternative Mortgage Trust 2025-RRTL1|5.32|10/25/2040, 5.32%, 10/25/40 GRADE 2025-RRTL1 79582NAA7 - - 1,500,000 $1,506,445 $1,506,445 0.12 $1,500,017
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,492,426 $1,505,538 $1,505,538 0.12 $1,498,796
JW Commercial Mortgage Trust 2024-MRCO C 6.42222% 15-JUN-2039, 6.42%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,505,136 $1,505,136 0.12 $1,501,122
BX Trust 2021-ARIA E 6.3915% 15-OCT-2036, 6.39%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,501,000 $1,501,000 0.12 $1,497,006
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.33379% 20-MAY-2032, 7.33%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,453,363 $1,474,781 $1,474,781 0.12 $1,471,821
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 $1,473,413 $1,473,413 0.12 $1,463,271
FIGRE TRUST 2025-HE6 FLTG 2055 C, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 1,454,000 $1,460,131 $1,460,131 0.11 $1,453,988
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,458,285 $1,458,285 0.11 $1,457,097
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,442,969 $1,454,765 $1,454,765 0.11 $1,448,398
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,453,104 $1,453,104 0.11 $1,443,973
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,438,863 $1,438,863 0.11 $1,438,863
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,424,168 $1,424,168 0.11 $1,422,540
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,356,408 $1,381,574 $1,381,574 0.11 $1,376,822
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,342,243 $1,370,805 $1,370,805 0.11 $1,368,661
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 $1,367,183 $1,367,183 0.11 $1,364,093
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 - - 1,585,551 $1,353,111 $1,353,111 0.11 $1,351,995
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,343,690 $1,343,690 0.11 $1,343,676
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,336,906 $1,336,906 0.10 $1,303,803
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,311,246 $1,317,741 $1,317,741 0.10 $1,312,197
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,297,446 $1,312,016 $1,312,016 0.10 $1,306,265
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,225,223 $1,297,494 $1,297,494 0.10 $1,293,343
FIGRE TRUST 2025-HE6 FLTG 2055 B, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 1,281,000 $1,286,273 $1,286,273 0.10 $1,280,965
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,262,337 $1,267,852 $1,267,852 0.10 $1,264,340
Great Wolf Trust 2024-WOLF C 6.42317% 15-MAR-2039, 6.42%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,267,219 $1,267,219 0.10 $1,263,847
COMM 2024-WCL1 Mortgage Trust D 7.322% 17-JUN-2041, 7.32%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 1,250,000 $1,257,582 $1,257,582 0.10 $1,253,769
COMM 2024-WCL1 Mortgage Trust C 6.922% 17-JUN-2041, 6.92%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,255,643 $1,255,643 0.10 $1,252,038
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,199,220 $1,218,148 $1,218,148 0.10 $1,214,132
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 $1,216,916 $1,216,916 0.10 $1,213,696
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,279,843 $1,206,659 $1,206,659 0.09 $1,203,566
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,198,607 $1,206,441 $1,206,441 0.09 $1,201,086
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 $1,199,926 $1,199,926 0.09 $1,196,796
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,191,611 $1,191,611 0.09 $1,190,159
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 $1,188,651 $1,188,651 0.09 $1,184,400
MTN Commercial Mortgage Trust 2022-LPFL D 6.9828% 15-MAR-2039, 6.98%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,178,604 $1,178,604 0.09 $1,175,185
Connecticut Avenue Securities, Series 2021-R02 2B1 7.65603% 25-NOV-2041, 7.48%, 11/25/41 CAS 2021-R02 20754KAF8 - - 1,141,001 $1,174,794 $1,174,794 0.09 $1,166,317
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.68379% 20-MAR-2033, 7.68%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,131,547 $1,133,952 $1,133,952 0.09 $1,131,537
FHF Issuer Trust 2024-2 (First Help Financial) A2 5.89% 15-JUN-2030, 5.89%, 06/15/30 FHF 2024-2A 30336NAC5 - - 1,114,653 $1,123,046 $1,123,046 0.09 $1,120,311
BX Trust 2024-CNYN C 5.97333% 15-APR-2041, 5.97%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,114,181 $1,117,518 $1,117,518 0.09 $1,114,744
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.18379% 20-OCT-2032, 8.18%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,092,007 $1,105,828 $1,105,828 0.09 $1,103,345
MKT 2020-525M Mortgage Trust F 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,105,396 $1,105,396 0.09 $1,101,746
BX Trust 2024-VLT4 D 6.472222% 15-JUN-2041, 6.47%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,102,281 $1,102,281 0.09 $1,099,314
MS RES MTG LN TR 2025-SPL1 A1, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,113,000 $1,086,754 $1,086,754 0.09 $1,086,360
RCKT Mortgage Trust 2025-CES10|4.894|11/25/2055, 4.89%, 11/25/55 RCKT 2025-CES10 74939LAA2 - - 1,063,000 $1,065,101 $1,065,101 0.08 $1,060,910
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 993,561 $1,062,460 $1,062,460 0.08 $1,058,692
Connecticut Avenue Securities Trust 2025-R01 1M2 5.85603% 25-JAN-2045, 5.68%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,054,185 $1,054,185 0.08 $1,053,686
LIFE 2021-BMR Mortgage Trust E 5.897% 15-MAR-2038, 5.90%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,044,684 $1,044,684 0.08 $1,042,104
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,041,381 $1,041,381 0.08 $1,037,702
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 1,010,382 $1,039,417 $1,039,417 0.08 $1,038,470
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 1,013,283 $1,034,012 $1,034,012 0.08 $1,029,312
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,033,234 $1,033,234 0.08 $1,029,901
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 8.00603% 25-NOV-2041, 7.83%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,033,120 $1,033,120 0.08 $1,025,351
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,028,359 $1,028,359 0.08 $1,025,113
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 $1,025,755 $1,025,755 0.08 $1,022,664
MHC Commercial Mortgage Trust 2021-MHC G 7.348442% 15-APR-2038, 7.35%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,023,040 $1,023,040 0.08 $1,019,917
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 $1,014,904 $1,014,904 0.08 $1,009,300
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,014,263 $1,014,263 0.08 $1,011,681
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 $1,011,952 $1,011,952 0.08 $1,003,164
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 $1,008,345 $1,008,345 0.08 $1,003,734
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 $1,006,707 $1,006,707 0.08 $1,005,909
MTN Commercial Mortgage Trust 2022-LPFL F 9.325169% 15-MAR-2039, 9.33%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,004,547 $1,004,547 0.08 $1,000,661
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $991,837 $991,837 0.08 $989,065
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.80603% 25-OCT-2044, 5.63%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $991,469 $991,469 0.08 $991,004
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 974,079 $957,987 $957,987 0.08 $954,848
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.40603% 25-DEC-2031, 6.23%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 930,361 $942,131 $942,131 0.07 $936,050
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 931,957 $934,842 $934,842 0.07 $932,252
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $932,065 $932,065 0.07 $926,684
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $926,147 $926,147 0.07 $923,177
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $913,739 $913,739 0.07 $913,116
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 865,838 $877,735 $877,735 0.07 $873,323
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 865,838 $876,844 $876,844 0.07 $873,640
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 887,058 $872,923 $872,923 0.07 $868,589
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $841,608 $841,608 0.07 $840,997
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 822,418 $838,033 $838,033 0.07 $834,966
Connecticut Avenue Securities Trust 2022-R07 1M2 9.00603% 25-JUN-2042, 8.83%, 06/25/42 CAS 2022-R07 20754MCB1 - - 783,000 $827,862 $827,862 0.06 $827,285
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $826,420 $826,420 0.06 $798,718
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 $807,273 $807,273 0.06 $803,504
BXHPP Trust 2021-FILM A 4.797% 15-AUG-2036, 4.80%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $794,288 $794,288 0.06 $792,650
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $783,102 $783,102 0.06 $780,637
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.62239% 25-OCT-2057, 8.46%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 734,449 $779,254 $779,254 0.06 $778,736
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $760,109 $760,109 0.06 $757,934
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 757,451 $758,444 $758,444 0.06 $757,887
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 772,727 $757,086 $757,086 0.06 $755,630
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 744,760 $754,705 $754,705 0.06 $752,602
Towd Point Mortgage Trust 2024-CES2 A1B 6.35% 25-FEB-2064, 6.35%, 02/25/64 TPMT 2024-CES2 89182JAB7 - - 743,697 $753,105 $753,105 0.06 $749,301
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 772,727 $752,338 $752,338 0.06 $750,157
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 6.15603% 25-JUN-2047, 5.98%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 748,701 $748,672 $748,672 0.06 $748,288
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 7.10603% 25-JUN-2047, 6.93%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 727,309 $743,859 $743,859 0.06 $743,438
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 $728,845 $728,845 0.06 $727,873
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $720,147 $720,147 0.06 $717,770
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $704,853 $704,853 0.06 $702,843
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $702,847 $702,847 0.06 $702,338
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 662,600 $678,077 $678,077 0.05 $673,134
Ally Bank Auto Credit-Linked Notes, Series 2025-A F 6.942% 15-JUN-2033, 6.94%, 06/15/33 ABCLN 2025-A 02007G5J8 - - 671,696 $677,293 $677,293 0.05 $675,350
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 662,600 $674,897 $674,897 0.05 $671,128
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 633,785 $672,326 $672,326 0.05 $638,552
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.95603% 25-DEC-2031, 7.78%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 657,964 $669,949 $669,949 0.05 $664,606
Towd Point Mortgage Trust 2024-CES1 A1B 6.049% 25-JAN-2064, 6.05%, 01/25/64 TPMT 2024-CES1 89183CAB1 - - 609,418 $615,561 $615,561 0.05 $612,591
Gracie Point International Funding, Series 2024-1 D 11.50559% 01-MAR-2028, 11.51%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $613,330 $613,330 0.05 $602,208
Connecticut Avenue Securities, Series 2021-R01 1M2 5.90603% 25-OCT-2041, 5.73%, 10/25/41 CAS 2021-R01 20754RAB2 - - 537,442 $567,062 $567,062 0.04 $538,906
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $566,027 $566,027 0.04 $565,403
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 7.43379% 20-SEP-2033, 7.43%, 09/20/33 HACLN 2025-2 44644NAR0 - - 563,788 $565,449 $565,449 0.04 $564,285
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.43379% 20-MAY-2032, 9.43%, 05/20/32 HACLN 2024-1 44644NAD1 - - 545,011 $558,459 $558,459 0.04 $557,031
BX Trust 2022-FOX2 E 6.99134% 15-APR-2039, 6.99%, 04/15/39 BX 2022-FOX2 05610AAJ7 - - 546,700 $547,555 $547,555 0.04 $545,963
Mello Warehouse Securitization Trust 2024-1 F 9.24103% 25-OCT-2057, 9.24%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $540,801 $540,801 0.04 $540,384
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 532,389 $534,530 $534,530 0.04 $533,506
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $533,404 $533,404 0.04 $531,243
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 518,047 $532,001 $532,001 0.04 $529,866
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $528,434 $528,434 0.04 $525,783
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $521,484 $521,484 0.04 $519,786
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $515,150 $515,150 0.04 $514,004
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 $513,287 $513,287 0.04 $512,054
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 $513,116 $513,116 0.04 $512,790
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $512,920 $512,920 0.04 $511,638
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 $511,277 $511,277 0.04 $509,952
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $510,585 $510,585 0.04 $509,377
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $509,740 $509,740 0.04 $508,369
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $507,469 $507,469 0.04 $506,213
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $507,218 $507,218 0.04 $506,001
Gracie Point International Funding, Series 2024-1 C 7.85559% 01-MAR-2028, 7.86%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $507,130 $507,130 0.04 $500,802
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $503,466 $503,466 0.04 $502,031
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $502,617 $502,617 0.04 $499,390
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 471,062 $476,749 $476,749 0.04 $475,771
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $462,143 $462,143 0.04 $460,549
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $427,288 $427,288 0.03 $425,966
Santander Bank Auto Credit-Linked Notes, Series 2023-B F 12.24% 15-DEC-2033, 12.24%, 12/15/33 SBCLN 2023-B 80290CCF9 - - 406,922 $425,365 $425,365 0.03 $423,289
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 420,890 $422,439 $422,439 0.03 $421,074
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $418,090 $418,090 0.03 $413,721
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 406,667 $414,662 $414,662 0.03 $413,320
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 410,302 $411,192 $411,192 0.03 $410,709
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $410,363 $410,363 0.03 $409,235
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.16%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 410,000 $406,760 $406,760 0.03 $405,056
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 390,224 $401,436 $401,436 0.03 $400,521
BAMLL Re-REMIC Trust 2024-FRR4 E 0.693514% 27-NOV-2048, 1.12%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $393,346 $393,346 0.03 $392,987
BAMLL Re-REMIC Trust 2024-FRR4 F 0.650774% 27-JAN-2026, 1.05%, 11/27/48 BAMLL 05493VAL8 - - 400,119 $392,518 $392,518 0.03 $392,180
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.62239% 25-OCT-2057, 7.46%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 375,671 $390,229 $390,229 0.03 $389,996
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 $385,921 $385,921 0.03 $384,915
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 - - 420,934 $383,148 $383,148 0.03 $382,889
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $369,739 $369,739 0.03 $368,175
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $324,693 $324,693 0.03 $324,374
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 310,828 $320,791 $320,791 0.03 $319,140
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $319,651 $319,651 0.03 $318,613
BX Commercial Mortgage Trust 2024-MF C 5.97307% 15-FEB-2039, 5.97%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $310,816 $310,816 0.02 $310,044
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 $302,389 $302,389 0.02 $302,170
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 $301,044 $301,044 0.02 $299,733
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 278,884 $299,666 $299,666 0.02 $280,117
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $298,436 $298,436 0.02 $297,167
CSMC 2021-BHAR E 7.647% 15-NOV-2038, 7.65%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $295,021 $295,021 0.02 $294,065
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.90603% 25-FEB-2050, 5.73%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 294,274 $292,682 $292,682 0.02 $288,485
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 284,954 $288,478 $288,478 0.02 $287,653
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 281,681 $282,562 $282,562 0.02 $281,707
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 271,282 $275,973 $275,973 0.02 $275,220
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $271,225 $271,225 0.02 $271,225
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 $255,833 $255,833 0.02 $255,024
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 $249,350 $249,350 0.02 $248,563
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $249,036 $249,036 0.02 $248,283
Santander US Capital Markets LLC 18-JAN-2033, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 240,511 $241,949 $241,949 0.02 $241,267
BXHPP Trust 2021-FILM B 5.047% 15-AUG-2036, 5.05%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $235,880 $235,880 0.02 $235,354
RCKT Mortgage Trust 2025-CES6 A1A 5.472% 25-JUN-2055, 5.47%, 06/25/55 RCKT 2025-CES6 748949AA2 - - 222,850 $225,508 $225,508 0.02 $224,525
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 $216,885 $216,885 0.02 $216,555
Readycap Lending Small Business Loan Trust 2023-3 A 7.57% 25-APR-2048, 7.32%, 04/25/48 RCLT 75576AAA1 - - 212,188 $214,140 $214,140 0.02 $214,011
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 211,382 $211,852 $211,852 0.02 $211,698
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $204,895 $204,895 0.02 $203,981
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,519 $204,519 0.02 $203,729
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 166,199 $170,218 $170,218 0.01 $169,869
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $158,747 $158,747 0.01 $158,664
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 193,056 $151,120 $151,120 0.01 $151,083
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 141,849 $142,524 $142,524 0.01 $142,231
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 $139,582 $139,582 0.01 $139,055
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 137,282 $138,350 $138,350 0.01 $138,014
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 128,517 $132,107 $132,107 0.01 $131,057
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 - - 103,374 $104,411 $104,411 0.01 $104,089
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $101,629 $101,629 0.01 $101,570
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $100,782 $100,782 0.01 $100,724
Ginnie Mae REMIC Trust 2005-065 FA 4.39992% 20-AUG-2035, 4.30%, 08/20/35 GNR 2005-65 38374LL25 - - 100,903 $99,757 $99,757 0.01 $99,637
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $94,439 $94,439 0.01 $94,381
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 82,661 $82,682 $82,682 0.01 $82,580
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $73,694 $73,694 0.01 $73,646
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 - - 64,160 $65,333 $65,333 0.01 $65,246
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 59,729 $59,665 $59,665 0.00 $59,480
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.83279% 25-JAN-2034, 5.83%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 52,836 $52,995 $52,995 0.00 $52,969
Affirm Asset Securitization Trust 2023-X1 C 8.25% 15-NOV-2028, 8.25%, 11/15/28 AFFRM 2023-X1 00834KAC1 - - 41,225 $41,416 $41,416 0.00 $41,274
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 29,286 $29,565 $29,565 0.00 $29,539
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 28,758 $28,755 $28,755 0.00 $28,723
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 21,958 $22,124 $22,124 0.00 $22,032
Hudson's Bay Simon JV Trust 2015-HBS A7 3.9141% 05-AUG-2034, 3.91%, 08/05/34 HBCT 2015-HB7 44422PAU6 - - 17,720 $17,691 $17,691 0.00 $17,635
US 10yr Ultra Fut Dec25 DEC 25 UXYZ5 FUTURES_USD - -297.00 $-34,419,516 $0 0.00 $0
US 10YR NOTE (CBT)Dec25 DEC 25 TYZ5 FUTURES_USD - 590.00 $66,614,688 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - 455.00 $94,803,516 $0 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - 1,682 $183,850,485 $0 0.00 $0
US ULTRA BOND CBT Dec25 DEC 25 WNZ5 FUTURES_USD - -108.00 $-13,250,250 $0 0.00 $0
ESZ5 19Dec25 Put (AMERICAN PHYSICAL) 6150 ESZ5P ESZ5 INDEX $6,150.00 -89.00 $30,806,238 $-109,025 -0.01 $-109,025
ESZ5 19Dec25 Call (AMERICAN PHYSICAL) 7175 ESZ5C ESZ5 INDEX $7,175.00 -89.00 $-30,806,238 $-211,375 -0.02 $-211,375
UMBS TBA 30yr 5% November Delivery, 5.00%, 11/13/25 FNCL 01F0506B7 - - -61,440,000 $-61,201,920 $-61,201,920 -4.80 $-61,201,920
UMBS TBA 30yr 2.5% November Delivery, 2.50%, 11/13/25 FNCL 01F0226B6 - - -189,990,000 $-161,641,212 $-161,641,212 -12.69 $-161,641,212
SEGREGATED CASH SEGCASH - $0.00 8,950,000 $8,950,000 $8,950,000 0.70 $8,950,000
US DOLLARS USD MD_142224 - - -122,641,622 $-122,641,622 $-122,641,622 -9.63 $-122,641,622
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,689,129 $55,232 0.00 $55,232
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,750,832 $7,986 0.00 $7,986
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,212,500 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,262,500 $0 0.00 $0
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,337,500 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,143,750 $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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