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 11/12/2025)

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 $118,693,192 $118,693,192 9.15 $118,693,192
UMBS TBA 30yr 5.5% December Delivery, 5.50%, 12/11/25 FNCL 01F0526C1 - - 65,610,000 $66,241,168 $66,241,168 5.11 $66,241,168
UMBS TBA 30yr 6.5% December Delivery, 6.50%, 12/11/25 FNCL 01F0626C0 - - 60,613,000 $62,696,875 $62,696,875 4.84 $62,696,875
UMBS TBA 30yr 6% December Delivery, 6.00%, 12/11/25 FNCL 01F0606C4 - - 57,605,000 $58,853,876 $58,853,876 4.54 $58,853,876
UMBS TBA 30yr 3.5% December Delivery, 3.50%, 12/11/25 FNCL 01F0326C3 - - 30,930,000 $28,543,720 $28,543,720 2.21 $28,543,720
UMBS TBA 30yr 4.5% December Delivery, 4.50%, 12/11/25 FNCL 01F0426C2 - - 25,880,000 $25,242,964 $25,242,964 1.94 $25,242,964
UMBS TBA 30yr 3% December Delivery, 3.00%, 12/11/25 FNCL 01F0306C7 - - 25,640,000 $22,753,474 $22,753,474 1.75 $22,753,474
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 $16,886,193 $16,886,193 1.30 $16,839,879
Fannie Mae REMIC Trust 2025-12 FC 5.45603% 25-MAR-2055, 5.28%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,816,584 $12,874,048 $12,874,048 0.99 $12,840,194
CENT Trust 2025-CITY A 5.090927% 10-JUL-2040, 4.92%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,869,553 $12,869,553 0.99 $12,797,029
Orion Clo 2023-1 Ltd|5.085|10/25/2038, 5.08%, 10/25/38 ANTOR 2023-1A 68626CAJ3 - - 12,500,000 $12,500,000 $12,500,000 0.96 $12,500,000
ALA Trust 2025-OANA A 5.77563% 15-JUN-2040, 5.78%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,157,858 $12,157,858 0.94 $12,101,777
OHA Credit Funding 24 Ltd|5.285|01/20/2039, 5.29%, 01/20/39 OAKC 2025-24A 67123CAC8 - - 12,000,000 $12,000,000 $12,000,000 0.92 $12,000,000
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,818,440 $11,883,608 $11,883,608 0.92 $11,804,615
Freddie Mac Multiclass Certificates, Series 5544 FC 5.35603% 25-JUN-2055, 5.18%, 06/25/55 FHR 5544 3137HLNP3 - - 11,659,739 $11,728,730 $11,728,730 0.90 $11,698,515
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 10,863,417 $11,041,373 $11,041,373 0.85 $10,970,905
AB BSL CLO 1 Ltd|5.46673|10/15/2038, 5.47%, 10/15/38 ABBSL 2020-1A 00038KBL4 - - 11,000,000 $11,013,251 $11,013,251 0.85 $10,999,888
BX Commercial Mortgage Trust 2024-XL4 A 5.4742% 15-FEB-2039, 5.47%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,670,315 $10,670,315 0.82 $10,623,510
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,319,857 $10,319,857 0.79 $10,269,441
WB Commercial Mortgage Trust 2024-HQ A 6.134383% 16-MAR-2040, 5.94%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,063,144 $10,063,144 0.78 $9,993,884
BX Trust 2025-VLT7 E 7.78217% 15-JUL-2044, 7.78%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $10,062,880 $10,062,880 0.78 $10,000,403
Ares LXXVIII CLO Ltd|5.32|01/15/2039, 5.32%, 01/15/39 ARES 2025-78A 03990NAC9 - - 10,000,000 $10,000,000 $10,000,000 0.77 $10,000,000
BX Trust 2024-FNX A 5.47447% 15-NOV-2041, 5.47%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,942,223 $9,942,223 0.77 $9,898,595
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 9,295,479 $9,399,978 $9,399,978 0.72 $9,339,237
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,630,574 $8,630,574 0.66 $8,593,027
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,334,423 $8,334,423 0.64 $8,306,133
PMT LOAN TRUST 2025-J3 FLTG 2056 A3, 5.71%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 8,028,000 $8,067,537 $8,067,537 0.62 $8,044,599
Radian Mortgage Capital Trust 2025-J4|5.73078|03/25/2056, 5.73%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 8,017,000 $8,039,241 $8,039,241 0.62 $8,016,190
OBX 2025-J3 TRUST FLTG 2055 AF, 5.68%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,915,703 $7,937,993 $7,937,993 0.61 $7,915,502
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $7,808,729 $7,808,729 0.60 $7,783,730
WULF Compute LLC 7.75% 15-OCT-2030, 7.75%, 10/15/30 WULF 982911AA7 - - 7,439,000 $7,692,024 $7,692,024 0.59 $7,659,995
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,557,834 $7,557,834 0.58 $7,525,168
Extended Stay America Trust 2025-ESH B 5.75% 15-OCT-2042, 5.75%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,547,254 $7,547,254 0.58 $7,518,504
HILT 2025-NVIL A 5.77517% 15-JUL-2042, 5.78%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,462,528 $7,462,528 0.57 $7,428,102
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 $7,418,078 $7,418,078 0.57 $7,391,262
Connecticut Avenue Securities Trust 2025-R01 1M1 5.28279% 25-JAN-2045, 5.28%, 01/25/45 CAS 2025-R01 20755JAB9 - - 7,305,719 $7,324,941 $7,324,941 0.56 $7,306,716
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $7,237,983 $7,237,983 0.56 $7,190,300
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,226,068 $7,226,068 0.56 $7,174,645
BLP Commercial Mortgage Trust 2024-IND2 A 5.37432% 15-MAR-2041, 5.37%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,907,463 $6,939,951 $6,939,951 0.53 $6,910,046
KRE Commercial Mortgage Trust 2025-AIP4 A 5.33217% 15-MAR-2042, 5.33%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,922,148 $6,922,148 0.53 $6,892,501
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,920,040 $6,920,040 0.53 $6,888,315
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 - - 6,717,256 $6,787,424 $6,787,424 0.52 $6,767,494
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.68279% 25-OCT-2041, 11.68%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,647,043 $6,647,043 0.51 $6,568,294
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 $6,547,021 $6,547,021 0.50 $6,516,043
Cipher Compute LLC 7.125% 15-NOV-2030, 7.12%, 11/15/30 CIFR 17253NAA5 - - 6,464,000 $6,529,247 $6,529,247 0.50 $6,529,247
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,490,067 $6,490,067 0.50 $6,464,582
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 6,411,000 $6,459,757 $6,459,757 0.50 $6,442,204
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.35551% 25-OCT-2057, 6.36%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,230,876 $6,443,109 $6,443,109 0.50 $6,424,409
Connecticut Avenue Securities, Series 2021-R03 1M2 5.83279% 25-DEC-2041, 5.83%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,269,333 $6,269,333 0.48 $6,252,202
SMRT Commercial Mortgage Trust 2022-MINI D 5.98217% 15-JAN-2039, 5.98%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 6,250,000 $6,252,174 $6,252,174 0.48 $6,222,051
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,178,151 $6,057,459 $6,057,459 0.47 $6,028,628
BX Trust 2025-TAIL D 6.48217% 15-JUN-2035, 6.48%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,027,276 $6,027,276 0.46 $5,995,946
HPEFS EQUIPMENT TRUST 2025-2 0% 33, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $6,014,887 $6,014,887 0.46 $5,998,192
BX Trust 2024-CNYN D 6.72226% 15-APR-2041, 6.72%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,942,296 $5,984,730 $5,984,730 0.46 $5,952,552
FS Commercial Mortgage Trust 2023-4SZN D 9.382749% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,954,419 $5,954,419 0.46 $5,893,507
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 5,981,209 $5,875,162 $5,875,162 0.45 $5,846,202
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 5,517,000 $5,612,760 $5,612,760 0.43 $5,597,757
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,453,193 $5,551,893 $5,551,893 0.43 $5,534,048
PRPM 2025-RCF5 5.31%55 A2, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,541,864 $5,541,864 0.43 $5,483,454
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.68279% 25-MAY-2045, 5.68%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,525,439 $5,525,439 0.43 $5,510,650
FHLMC STACR REMIC TR 2025-DNA3 M1, 5.28%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 5,436,739 $5,451,042 $5,451,042 0.42 $5,437,480
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,432,917 $5,432,917 0.42 $5,407,783
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 5.98279% 25-NOV-2041, 5.98%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,333,860 $5,333,860 0.41 $5,318,959
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,244,786 $5,294,602 $5,294,602 0.41 $5,261,039
BX Commercial Mortgage Trust 2021-VOLT E 6.147% 15-SEP-2036, 6.15%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,166,760 $5,188,292 $5,188,292 0.40 $5,162,709
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,183,338 $5,183,338 0.40 $5,164,099
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.68%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,183,256 $5,183,256 0.40 $5,169,387
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 5,062,127 $5,159,383 $5,159,383 0.40 $5,125,064
NYC Commercial Mortgage Trust 2025-1155 D 7.603267% 10-JUN-2042, 7.36%, 06/10/42 NYC 2025-1155 67122BAE7 - - 5,000,000 $5,152,076 $5,152,076 0.40 $5,139,813
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.98279% 25-NOV-2041, 11.98%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,114,282 $5,114,282 0.39 $5,087,122
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $5,098,991 $5,098,991 0.39 $5,084,601
Ares LXXI CLO A2 5.58444% 20-APR-2037, 5.99%, 04/20/37 ARES 2024-71A 04020MAC3 - - 5,000,000 $5,033,507 $5,033,507 0.39 $5,014,362
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $5,024,804 $5,024,804 0.39 $5,005,010
SALUDA GR ALT MTG TR 2025-LOC5 A1B, 5.79%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,016,983 $5,016,983 0.39 $5,003,310
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 $5,012,454 $5,012,454 0.39 $4,997,340
GoldenTree Loan Management US CLO 27 Ltd|5.321|01/20/2039, 5.32%, 01/20/39 GLM 2025-27A 38140AAE8 - - 5,000,000 $5,000,000 $5,000,000 0.39 $5,000,000
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 4,940,434 $4,976,468 $4,976,468 0.38 $4,960,738
Ally Bank Auto Credit-Linked Notes Series 2025-B|6.164|09/15/2033, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - - 4,960,000 $4,964,408 $4,964,408 0.38 $4,963,558
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 $4,950,710 $4,950,710 0.38 $4,938,858
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 4,926,995 $4,949,958 $4,949,958 0.38 $4,921,401
Fannie Mae REMIC Trust 2025-9 FA 5.55603% 25-MAR-2055, 5.38%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,872,517 $4,902,214 $4,902,214 0.38 $4,889,100
SCG Commercial Mortgage Trust 2025-DLFN E 6.98217% 15-MAR-2035, 6.98%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,899,338 $4,899,338 0.38 $4,871,755
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,600,000 $4,790,916 $4,790,916 0.37 $4,712,781
BX Commercial Mortgage Trust 2024-MF D 6.72199% 15-FEB-2039, 6.72%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,769,651 $4,769,651 0.37 $4,743,999
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 $4,748,640 $4,748,640 0.37 $4,736,715
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,689,132 $4,689,132 0.36 $4,663,932
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.60551% 25-OCT-2057, 6.61%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,501,071 $4,653,861 $4,653,861 0.36 $4,639,821
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,624,022 $4,624,022 0.36 $4,581,713
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 $4,621,942 $4,621,942 0.36 $4,606,277
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,603,675 $4,603,675 0.35 $4,577,600
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,595,665 $4,595,665 0.35 $4,582,167
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 $4,549,844 $4,549,844 0.35 $4,531,904
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 $4,537,317 $4,537,317 0.35 $4,520,754
NRTH Commercial Mortgage Trust 2025-PARK B 5.79292% 15-OCT-2040, 5.79%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,519,550 $4,519,550 0.35 $4,498,551
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,483,275 $4,511,777 $4,511,777 0.35 $4,481,576
Great Wolf Trust 2024-WOLF D 6.92217% 15-MAR-2039, 6.92%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 4,425,000 $4,476,071 $4,476,071 0.34 $4,451,396
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 4,408,527 $4,458,488 $4,458,488 0.34 $4,430,200
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 $4,415,277 $4,415,277 0.34 $4,402,457
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 $4,383,849 $4,383,849 0.34 $4,362,516
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 $4,377,394 $4,377,394 0.34 $4,336,714
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,287,449 $4,372,296 $4,372,296 0.34 $4,343,849
TOWD POINT MORTGAGE TRUS 5.98666% 65, 5.83%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,323,235 $4,323,235 0.33 $4,310,179
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 $4,311,911 $4,311,911 0.33 $4,269,176
COMM 2024-WCL1 Mortgage Trust D 7.322% 17-JUN-2041, 7.32%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 4,250,000 $4,290,727 $4,290,727 0.33 $4,265,662
IRV Trust 2025-200P C 5.921382% 14-MAR-2047, 5.73%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,285,157 $4,285,157 0.33 $4,257,078
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,238,664 $4,267,966 $4,267,966 0.33 $4,240,931
MTN Commercial Mortgage Trust 2022-LPFL A 5.4369% 15-MAR-2039, 5.44%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,254,313 $4,254,313 0.33 $4,235,743
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 $4,206,566 $4,206,566 0.32 $4,174,899
BX Trust 2024-VLT4 E 6.921574% 15-JUN-2041, 6.92%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,169,741 $4,169,741 0.32 $4,146,619
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,148,710 $4,148,710 0.32 $4,131,555
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 $4,074,843 $4,074,843 0.31 $4,057,667
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 4,002,961 $4,061,485 $4,061,485 0.31 $4,033,375
BX Trust 2024-BRBK A 6.91181% 15-OCT-2041, 6.91%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,043,773 $4,043,773 0.31 $4,021,548
Affirm Asset Securitization Trust 2025-X2|5.23|10/15/2030, 5.23%, 10/15/30 AFFRM 2025-X2 00835DAD4 - - 4,000,000 $4,001,948 $4,001,948 0.31 $4,001,367
BLP Commercial Mortgage Trust 2025-IND2|6.65|12/15/2042, 6.65%, 12/15/42 BLP 2025-IND2 05556WAG1 - - 4,000,000 $4,000,000 $4,000,000 0.31 $4,000,000
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 $3,941,483 $3,941,483 0.30 $3,921,844
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,861,055 $3,922,425 $3,922,425 0.30 $3,896,956
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,897,472 $3,913,925 $3,913,925 0.30 $3,891,203
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,900,050 $3,908,830 $3,908,830 0.30 $3,891,911
BX Trust 2025-LUNR D 6.53217% 15-JUN-2040, 6.53%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,822,340 $3,850,778 $3,850,778 0.30 $3,830,664
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,797,376 $3,797,376 0.29 $3,786,547
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 3,878,493 $3,795,537 $3,795,537 0.29 $3,794,515
BMP Commercial Mortgage Trust 2024-MF23 D 6.42266% 15-JUN-2041, 6.42%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,771,556 $3,771,556 0.29 $3,752,154
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 $3,770,351 $3,770,351 0.29 $3,737,788
FREMF 2023-K511 Mortgage Trust C 5.822334% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,761,879 $3,761,879 0.29 $3,754,366
BX Trust 2021-MFM1 E 6.397% 15-JAN-2034, 6.40%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 3,733,520 $3,750,422 $3,750,422 0.29 $3,731,184
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,750,370 $3,750,370 0.29 $3,738,424
Extended Stay America Trust 2025-ESH E 7.5% 15-OCT-2042, 7.50%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,725,419 $3,725,419 0.29 $3,707,044
Extended Stay America Trust 2025-ESH D 6.75% 15-OCT-2042, 6.75%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,719,682 $3,719,682 0.29 $3,703,144
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.38%, 05/25/45 CAS 2025-R04 20755TAB7 - - 3,705,231 $3,718,217 $3,718,217 0.29 $3,708,799
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,634,455 $3,634,455 0.28 $3,625,023
BX Commercial Mortgage Trust 2024-XL5 D 6.72197% 15-MAR-2041, 6.72%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,593,002 $3,615,915 $3,615,915 0.28 $3,596,459
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.98279% 25-JUL-2048, 5.98%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,596,791 $3,578,851 $3,578,851 0.28 $3,568,690
DROP Mortgage Trust 2021-FILE A 5.297% 15-OCT-2043, 5.30%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,556,640 $3,556,640 0.27 $3,541,067
SCG Trust 2025-SNIP D 6.63217% 15-SEP-2042, 6.63%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,528,899 $3,528,899 0.27 $3,510,199
Affirm Master Trust Series 2025-3 B 4.75% 15-OCT-2034, 4.75%, 10/16/34 AFRMT 2025-3A 00833BAP3 - - 3,500,000 $3,522,848 $3,522,848 0.27 $3,499,757
CSMC 2021-BHAR C 6.147% 15-NOV-2038, 6.15%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,435,715 $3,435,715 0.26 $3,418,650
Taco Bell Funding Series 2025-1 A2I 4.821% 25-AUG-2055, 4.82%, 08/25/55 BELL 2025-1A 87342RAK0 - - 3,425,000 $3,432,279 $3,432,279 0.26 $3,409,804
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,410,999 $3,410,999 0.26 $3,396,469
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,361,326 $3,405,146 $3,405,146 0.26 $3,382,860
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,259,475 $3,393,071 $3,393,071 0.26 $3,366,197
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,274,648 $3,328,077 $3,328,077 0.26 $3,319,038
BX Trust 2021-ARIA D 6.0424% 15-OCT-2036, 6.04%, 10/15/36 BX 2021-ARIA 05608RAJ4 - - 3,300,000 $3,311,398 $3,311,398 0.26 $3,295,336
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 $3,298,266 $3,298,266 0.25 $3,278,677
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,282,816 $3,282,816 0.25 $3,273,068
Connecticut Avenue Securities Trust 2022-R01 1B2 10.18279% 25-DEC-2041, 10.18%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 3,108,409 $3,259,803 $3,259,803 0.25 $3,244,856
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,204,419 $3,204,419 0.25 $3,193,297
Kioxia Holdings Corporation 6.625% 24-JUL-2033, 6.62%, 07/24/33 KIOXIA 49726JAB4 - - 3,000,000 $3,202,584 $3,202,584 0.25 $3,142,407
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 $3,191,733 $3,191,733 0.25 $3,180,379
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,144,495 $3,172,249 $3,172,249 0.24 $3,148,517
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,169,787 $3,169,787 0.24 $3,153,104
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,158,915 $3,158,915 0.24 $3,140,707
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,151,592 $3,151,592 0.24 $3,142,058
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,132,439 $3,132,439 0.24 $3,113,018
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 $3,111,498 $3,111,498 0.24 $3,093,715
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,101,719 $3,101,719 0.24 $3,079,096
BX Trust 2021-ARIA F 6.7405% 15-OCT-2036, 6.74%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,101,634 $3,101,634 0.24 $3,084,868
Connecticut Avenue Securities Trust 2024-R05 2M1 5.18279% 25-JUL-2044, 5.18%, 07/25/44 CAS 2024-R05 20754XAB9 - - 3,091,021 $3,097,642 $3,097,642 0.24 $3,090,077
BX Trust 2024-BIO C 6.67217% 15-FEB-2041, 6.67%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,093,031 $3,093,031 0.24 $3,076,332
Galaxy XXVI CLO Ltd., 6.84%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,068,509 $3,090,748 $3,090,748 0.24 $3,084,913
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,087,011 $3,087,011 0.24 $3,076,082
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,081,014 $3,081,014 0.24 $3,070,526
Connecticut Avenue Securities, Series 2021-R01 1B1 7.28279% 25-OCT-2041, 7.28%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,064,015 $3,064,015 0.24 $3,053,698
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 $3,047,958 $3,047,958 0.23 $3,039,378
BFLD Commercial Mortgage Trust 2025-5MW C 5.632938% 10-OCT-2042, 5.45%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,027,036 $3,027,036 0.23 $3,007,956
SWITCH ABS ISSUER 2025-2 A2 II, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,023,066 $3,023,066 0.23 $3,010,995
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $3,006,674 $3,006,674 0.23 $3,005,306
Sierra Timeshare 2025-3 Receivables Funding C 4.98% 20-AUG-2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 3,000,000 $2,988,330 $2,988,330 0.23 $2,976,710
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 $2,988,172 $2,988,172 0.23 $2,962,641
BXP Trust 2017-GM E 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,948,347 $2,948,347 0.23 $2,936,041
SWCH Commercial Mortgage Trust 2025-DATA E 7.37239% 15-FEB-2042, 7.37%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,939,897 $2,939,897 0.23 $2,922,378
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 $2,939,700 $2,939,700 0.23 $2,917,179
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,885,882 $2,921,526 $2,921,526 0.23 $2,902,661
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,916,677 $2,916,677 0.22 $2,904,682
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,880,839 $2,915,831 $2,915,831 0.22 $2,897,380
SCG Commercial Mortgage Trust 2025-FLWR E 6.78217% 15-AUG-2042, 6.78%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,881,258 $2,881,258 0.22 $2,865,594
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 $2,877,362 $2,877,362 0.22 $2,864,731
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,850,447 $2,850,447 0.22 $2,844,850
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,839,803 $2,839,803 0.22 $2,823,339
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 $2,799,216 $2,799,216 0.22 $2,779,214
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,717,131 $2,774,107 $2,774,107 0.21 $2,765,645
BX Trust 2025-ROIC E 6.97346% 15-FEB-2042, 6.97%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,770,789 $2,770,789 0.21 $2,755,222
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $2,752,256 $2,752,256 0.21 $2,646,258
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,730,692 $2,745,698 $2,745,698 0.21 $2,738,707
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,701,410 $2,741,630 $2,741,630 0.21 $2,723,382
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,720,678 $2,720,678 0.21 $2,707,239
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 $2,704,899 $2,704,899 0.21 $2,695,394
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,771,764 $2,703,244 $2,703,244 0.21 $2,698,394
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 $2,695,239 $2,695,239 0.21 $2,690,380
MHC Commercial Mortgage Trust 2021-MHC F 6.748442% 15-APR-2038, 6.75%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,673,633 $2,673,633 0.21 $2,659,175
Connecticut Avenue Securities Trust 2024-R06 1M2 5.78279% 25-SEP-2044, 5.78%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,657,264 $2,657,264 0.20 $2,650,034
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 $2,636,479 $2,636,479 0.20 $2,625,250
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 2,593,000 $2,631,280 $2,631,280 0.20 $2,619,805
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,578,641 $2,596,428 $2,596,428 0.20 $2,580,910
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,563,932 $2,563,932 0.20 $2,549,193
Zais CLO 11 BR 5.67444% 20-JAN-2032, 5.67%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,552,887 $2,552,887 0.20 $2,504,783
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,549,865 $2,549,865 0.20 $2,539,525
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,549,499 $2,549,499 0.20 $2,539,421
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 $2,541,093 $2,541,093 0.20 $2,522,934
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,745,000 $2,538,254 $2,538,254 0.20 $2,531,095
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,534,769 $2,534,769 0.20 $2,524,269
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 $2,526,412 $2,526,412 0.19 $2,514,423
Sandstone Peak III C 6.50798% 25-APR-2037, 6.51%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,520,967 $2,520,967 0.19 $2,513,284
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,500,000 $2,518,243 $2,518,243 0.19 $2,505,468
MTN Commercial Mortgage Trust 2022-LPFL B 5.9356% 15-MAR-2039, 5.94%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,512,880 $2,512,880 0.19 $2,500,927
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,512,671 $2,512,671 0.19 $2,492,536
BX Commercial Mortgage Trust 2024-AIR2 D 6.82245% 15-OCT-2041, 6.82%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,507,113 $2,507,113 0.19 $2,493,431
RCKTL 2025-2 0% 34, 4.95%, 11/27/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,500,836 $2,500,836 0.19 $2,496,024
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.28279% 25-JAN-2042, 11.28%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,497,988 $2,497,988 0.19 $2,485,468
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 $2,483,588 $2,483,588 0.19 $2,472,584
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,447,988 $2,479,663 $2,479,663 0.19 $2,464,669
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 $2,470,061 $2,470,061 0.19 $2,464,301
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,463,814 $2,461,948 $2,461,948 0.19 $2,447,240
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,461,479 $2,461,479 0.19 $2,452,900
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 $2,440,571 $2,440,571 0.19 $2,429,313
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 $2,426,785 $2,426,785 0.19 $2,416,442
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,424,276 $2,424,276 0.19 $2,420,188
PRET 2025-RPL5 Trust|4.15|01/25/2070, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,475,000 $2,421,646 $2,421,646 0.19 $2,409,663
Towd Point Mortgage Trust 2025-FIX2|5.249|10/25/2065, 5.25%, 10/25/65 TPMT 2025-FIX2 89183RAA0 - - 2,386,000 $2,402,663 $2,402,663 0.19 $2,388,052
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,379,980 $2,379,980 0.18 $2,367,664
PRM7 Trust 2025-PRM7 E 6.839055% 10-NOV-2042, 6.84%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,375,095 $2,375,095 0.18 $2,356,065
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,365,261 $2,363,875 $2,363,875 0.18 $2,349,476
ALA Trust 2025-OANA D 7.12372% 15-JUN-2040, 7.12%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,354,212 $2,354,212 0.18 $2,340,823
Connecticut Avenue Securities Trust 2025-R06 1M1 5.13279% 25-SEP-2045, 5.13%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,339,650 $2,343,905 $2,343,905 0.18 $2,338,234
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.7652% 15-NOV-2036, 6.76%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,343,387 $2,343,387 0.18 $2,330,669
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 $2,334,916 $2,334,916 0.18 $2,321,720
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,328,583 $2,328,583 0.18 $2,320,475
Connecticut Avenue Securities, Series 2021-R03 1B1 6.93279% 25-DEC-2041, 6.93%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,291,099 $2,291,099 0.18 $2,283,733
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,245,249 $2,280,249 $2,280,249 0.18 $2,264,855
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 $2,253,203 $2,253,203 0.17 $2,245,449
Acacia 2025-1 LLC|5.24|11/15/2037, 5.24%, 11/15/37 ACACIA 2025-1 00401PAA7 - - 2,251,000 $2,251,272 $2,251,272 0.17 $2,250,945
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,237,798 $2,237,798 0.17 $2,228,568
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 $2,206,873 $2,206,873 0.17 $2,196,128
Exeter Select Automobile Receivables Trust 2025-2 D 5.34% 15-JAN-2032, 5.34%, 01/15/32 ESART 2025-2 30185EAF0 - - 2,200,000 $2,203,934 $2,203,934 0.17 $2,194,796
BX Commercial Mortgage Trust 2024-GPA3 C 5.92398% 15-DEC-2039, 5.92%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,178,515 $2,178,515 0.17 $2,168,180
CONE Trust 2024-DFW1 A 5.6739% 15-AUG-2041, 5.67%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,165,000 $2,170,339 $2,170,339 0.17 $2,160,444
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,237,820 $2,159,431 $2,159,431 0.17 $2,150,946
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.937924% 27-SEP-2052, 0.86%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,154,672 $2,154,672 0.17 $2,152,258
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,194,116 $2,148,798 $2,148,798 0.17 $2,144,958
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 $2,142,174 $2,142,174 0.17 $2,139,114
OPEN Trust 2023-AIR B 7.870167% 15-NOV-2040, 7.87%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 2,080,000 $2,094,197 $2,094,197 0.16 $2,081,010
GS MTG-BKD TRUST 2025-CES2 A1, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 2,059,213 $2,074,526 $2,074,526 0.16 $2,062,082
MKT 2020-525M Mortgage Trust D 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,053,116 $2,053,116 0.16 $2,044,539
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,044,479 $2,044,479 0.16 $2,033,466
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 $2,040,229 $2,040,229 0.16 $2,032,951
GWT Commercial Mortgage Trust 2024-WLF2 E 7.6706% 15-MAY-2041, 7.67%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 2,000,000 $2,030,243 $2,030,243 0.16 $2,017,885
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,025,878 $2,025,878 0.16 $2,016,560
SMRT Commercial Mortgage Trust 2022-MINI F 7.38217% 15-JAN-2039, 7.38%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $2,019,761 $2,019,761 0.16 $2,007,718
PRPM 2025-RCF5 6.7%55 A3, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,015,856 $2,015,856 0.16 $1,994,016
OnDeck Asset Securitization IV LLC|5.23|11/17/2032, 5.23%, 11/17/32 ONDK 2025-2A 67108SAJ7 - - 2,000,000 $2,009,172 $2,009,172 0.15 $2,008,882
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $2,001,579 $2,001,579 0.15 $1,997,333
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 $1,985,960 $1,985,960 0.15 $1,964,613
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 $1,977,217 $1,977,217 0.15 $1,970,597
LIFE 2022-BMR2 Mortgage Trust D 6.57408% 15-MAY-2039, 6.57%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $1,960,793 $1,960,793 0.15 $1,949,063
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,928,006 $1,951,048 $1,951,048 0.15 $1,938,207
BX Trust 2022-FOX2 D 6.14314% 15-APR-2039, 6.14%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 1,942,500 $1,950,656 $1,950,656 0.15 $1,941,043
BX Commercial Mortgage Trust 2024-AIR2 C 6.27324% 15-OCT-2041, 6.27%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,930,208 $1,930,208 0.15 $1,920,512
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,929,602 $1,929,602 0.15 $1,908,883
Easy Street Mortgage Loan Trust 2025-RTL2|5.606|10/25/2040, 5.61%, 10/25/40 EASY 2025-RTL2 27786YAA6 - - 1,900,000 $1,902,768 $1,902,768 0.15 $1,900,401
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,886,418 $1,886,418 0.15 $1,878,652
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,806,258 $1,874,317 $1,874,317 0.14 $1,867,761
Lennar Corporation Class A LEN US 526057104 - - 14,999 $1,861,826 $1,861,826 0.14 $1,861,826
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,830,709 $1,858,130 $1,858,130 0.14 $1,845,811
BX Trust 2024-BRBK B 7.95877% 15-OCT-2041, 7.96%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,845,607 $1,845,607 0.14 $1,833,747
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 $1,836,544 $1,836,544 0.14 $1,822,636
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,807,707 $1,836,243 $1,836,243 0.14 $1,823,778
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,807,707 $1,832,603 $1,832,603 0.14 $1,820,561
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 $1,812,153 $1,812,153 0.14 $1,807,338
BX Trust 2021-BXMF G 7.496513% 15-OCT-2038, 7.50%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,811,817 $1,811,817 0.14 $1,800,897
BXHPP Trust 2021-FILM C 5.247% 15-AUG-2036, 5.25%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,804,331 $1,804,331 0.14 $1,796,090
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 $1,804,016 $1,804,016 0.14 $1,798,199
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,779,724 $1,779,724 0.14 $1,769,912
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,777,686 $1,777,686 0.14 $1,770,417
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 $1,758,009 $1,758,009 0.14 $1,744,028
CarMax Auto Owner Trust 2025-4 D 5.11% 15-MAR-2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,751,353 $1,751,353 0.13 $1,746,136
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 $1,748,264 $1,748,264 0.13 $1,726,005
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,736,204 $1,736,204 0.13 $1,731,989
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 $1,735,308 $1,735,308 0.13 $1,727,543
EFMT 2025-RTL1|5.565|11/25/2040, 5.57%, 11/25/40 EFMT 2025-RTL1 26846FAB5 - - 1,717,000 $1,716,992 $1,716,992 0.13 $1,716,992
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 $1,671,138 $1,671,138 0.13 $1,656,287
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,662,595 $1,662,595 0.13 $1,655,035
UMBS TBA 30yr 4% December Delivery, 4.00%, 12/11/25 FNCL 01F0406C6 - - 1,738,000 $1,651,022 $1,651,022 0.13 $1,651,022
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 $1,625,237 $1,625,237 0.13 $1,621,163
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 $1,624,184 $1,624,184 0.13 $1,619,248
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,603,138 $1,622,802 $1,622,802 0.13 $1,612,251
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,612,477 $1,612,477 0.12 $1,604,230
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,556,583 $1,610,975 $1,610,975 0.12 $1,602,592
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.33379% 20-MAY-2032, 7.33%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,574,477 $1,597,563 $1,597,563 0.12 $1,589,865
BX Commercial Mortgage Trust 2024-WPT D 6.72187% 15-APR-2041, 6.72%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,594,544 $1,594,544 0.12 $1,585,988
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 1,581,081 $1,588,481 $1,588,481 0.12 $1,577,831
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,576,120 $1,576,120 0.12 $1,567,315
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,534,167 $1,549,799 $1,549,799 0.12 $1,540,585
ExteNet Issuer, Series 2024-1 C_241 9.696429% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,549,110 $1,549,110 0.12 $1,542,322
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,539,790 $1,543,396 $1,543,396 0.12 $1,534,701
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 $1,529,491 $1,529,491 0.12 $1,521,476
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,526,898 $1,526,898 0.12 $1,521,112
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 $1,524,549 $1,524,549 0.12 $1,517,366
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 $1,523,971 $1,523,971 0.12 $1,516,220
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 $1,519,039 $1,519,039 0.12 $1,497,446
DC Trust 2024-HLTN C 7.286102% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,515,232 $1,515,232 0.12 $1,502,919
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 $1,511,812 $1,511,812 0.12 $1,504,019
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 $1,511,327 $1,511,327 0.12 $1,502,791
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,492,426 $1,510,119 $1,510,119 0.12 $1,500,355
JW Commercial Mortgage Trust 2024-MRCO C 6.42222% 15-JUN-2039, 6.42%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,509,867 $1,509,867 0.12 $1,502,107
BX Trust 2021-ARIA E 6.3915% 15-OCT-2036, 6.39%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,506,204 $1,506,204 0.12 $1,498,481
Saluds Grade Alternative Mortgage Trust 2025-RRTL1|5.32|10/25/2040, 5.32%, 10/25/40 GRADE 2025-RRTL1 79582NAA7 - - 1,500,000 $1,506,080 $1,506,080 0.12 $1,496,770
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 $1,476,968 $1,476,968 0.11 $1,462,279
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,463,463 $1,463,463 0.11 $1,459,189
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,442,969 $1,459,140 $1,459,140 0.11 $1,449,918
FIGRE TRUST 2025-HE6 FLTG 2055 C, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 1,454,000 $1,458,127 $1,458,127 0.11 $1,449,229
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,454,198 $1,454,198 0.11 $1,440,973
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,445,697 $1,445,697 0.11 $1,445,697
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,427,342 $1,427,342 0.11 $1,421,481
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 $1,386,853 $1,386,853 0.11 $1,381,084
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 $1,385,178 $1,385,178 0.11 $1,376,308
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,342,243 $1,375,009 $1,375,009 0.11 $1,370,078
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 $1,367,967 $1,367,967 0.11 $1,365,883
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,350,250 $1,350,250 0.10 $1,350,229
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,332,222 $1,332,222 0.10 $1,296,231
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,311,246 $1,319,273 $1,319,273 0.10 $1,311,243
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,297,446 $1,316,609 $1,316,609 0.10 $1,308,280
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,225,223 $1,302,478 $1,302,478 0.10 $1,294,731
FIGRE TRUST 2025-HE6 FLTG 2055 B, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 1,281,000 $1,284,496 $1,284,496 0.10 $1,276,808
Foundation Finance Trust 2025-3|5.71|08/15/2052, 5.71%, 08/15/52 FFIN 2025-3A 35042TAD4 - - 1,275,000 $1,278,558 $1,278,558 0.10 $1,277,952
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 $1,273,208 $1,273,208 0.10 $1,266,652
Great Wolf Trust 2024-WOLF C 6.42317% 15-MAR-2039, 6.42%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,272,997 $1,272,997 0.10 $1,266,477
COMM 2024-WCL1 Mortgage Trust C 6.922% 17-JUN-2041, 6.92%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,262,736 $1,262,736 0.10 $1,255,766
United Auto Credit Securitization Trust 2024-1 C 7.06% 10-OCT-2029, 7.06%, 10/10/29 UACST 2024-1 90945DAC4 - - 1,245,051 $1,250,645 $1,250,645 0.10 $1,249,912
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 $1,221,823 $1,221,823 0.09 $1,214,327
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,198,607 $1,209,956 $1,209,956 0.09 $1,202,201
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,279,843 $1,209,322 $1,209,322 0.09 $1,204,843
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 $1,203,720 $1,203,720 0.09 $1,197,878
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,194,226 $1,194,226 0.09 $1,188,999
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 $1,192,451 $1,192,451 0.09 $1,184,516
MTN Commercial Mortgage Trust 2022-LPFL D 6.9828% 15-MAR-2039, 6.98%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,181,935 $1,181,935 0.09 $1,175,325
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 $1,181,371 $1,181,371 0.09 $1,175,359
Connecticut Avenue Securities, Series 2021-R02 2B1 7.48279% 25-NOV-2041, 7.48%, 11/25/41 CAS 2021-R02 20754KAF8 - - 1,141,001 $1,171,290 $1,171,290 0.09 $1,167,258
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,154,570 $1,170,038 $1,170,038 0.09 $1,160,814
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 $1,137,335 $1,137,335 0.09 $1,131,539
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 $1,125,232 $1,125,232 0.09 $1,120,126
BX Trust 2024-CNYN C 5.97333% 15-APR-2041, 5.97%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,114,181 $1,120,375 $1,120,375 0.09 $1,115,013
MKT 2020-525M Mortgage Trust F 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,112,038 $1,112,038 0.09 $1,106,752
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 $1,108,988 $1,108,988 0.09 $1,103,030
MS RES MTG LN TR 2025-SPL1 A1, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,104,556 $1,100,870 $1,100,870 0.08 $1,083,008
BX Trust 2024-VLT4 D 6.472222% 15-JUN-2041, 6.47%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,094,967 $1,094,967 0.08 $1,089,232
RCKT Mortgage Trust 2025-CES10|4.894|11/25/2055, 4.89%, 11/25/55 RCKT 2025-CES10 74939LAA2 - - 1,063,000 $1,067,700 $1,067,700 0.08 $1,061,630
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 993,561 $1,066,649 $1,066,649 0.08 $1,059,617
Connecticut Avenue Securities Trust 2025-R01 1M2 5.68279% 25-JAN-2045, 5.68%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,055,263 $1,055,263 0.08 $1,052,434
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,048,409 $1,048,409 0.08 $1,042,187
LIFE 2021-BMR Mortgage Trust E 5.897% 15-MAR-2038, 5.90%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,047,631 $1,047,631 0.08 $1,042,644
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,044,998 $1,044,998 0.08 $1,038,130
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 1,010,382 $1,042,302 $1,042,302 0.08 $1,038,893
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 1,013,283 $1,037,503 $1,037,503 0.08 $1,030,696
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,028,496 $1,028,496 0.08 $1,022,004
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.83279% 25-NOV-2041, 7.83%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,028,027 $1,028,027 0.08 $1,024,328
MHC Commercial Mortgage Trust 2021-MHC G 7.348442% 15-APR-2038, 7.35%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,026,210 $1,026,210 0.08 $1,020,173
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 $1,018,461 $1,018,461 0.08 $1,008,000
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 $1,018,074 $1,018,074 0.08 $1,012,303
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,016,386 $1,016,386 0.08 $1,011,222
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 $1,014,659 $1,014,659 0.08 $1,003,014
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 $1,009,642 $1,009,642 0.08 $1,006,767
MTN Commercial Mortgage Trust 2022-LPFL F 9.325169% 15-MAR-2039, 9.33%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,009,134 $1,009,134 0.08 $1,001,622
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 $1,003,427 $1,003,427 0.08 $1,002,736
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $1,000,988 $1,000,988 0.08 $1,000,572
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.63279% 25-OCT-2044, 5.63%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $992,323 $992,323 0.08 $989,690
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 974,079 $961,616 $961,616 0.07 $957,070
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.23279% 25-DEC-2031, 6.23%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 930,361 $938,235 $938,235 0.07 $935,497
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 931,957 $936,845 $936,845 0.07 $932,011
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $923,715 $923,715 0.07 $918,171
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $912,727 $912,727 0.07 $910,481
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 865,838 $881,660 $881,660 0.07 $873,423
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 865,838 $879,719 $879,719 0.07 $873,738
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 887,058 $871,041 $871,041 0.07 $869,488
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $843,703 $843,703 0.06 $841,506
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 822,418 $843,146 $843,146 0.06 $837,422
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $836,558 $836,558 0.06 $826,513
Connecticut Avenue Securities Trust 2022-R07 1M2 8.83279% 25-JUN-2042, 8.83%, 06/25/42 CAS 2022-R07 20754MCB1 - - 783,000 $829,100 $829,100 0.06 $825,834
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 $801,166 $801,166 0.06 $799,554
BXHPP Trust 2021-FILM A 4.797% 15-AUG-2036, 4.80%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $796,626 $796,626 0.06 $793,458
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $785,395 $785,395 0.06 $780,793
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.45551% 25-OCT-2057, 8.46%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 734,449 $781,324 $781,324 0.06 $778,391
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 772,727 $777,038 $777,038 0.06 $773,691
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 772,727 $772,086 $772,086 0.06 $767,070
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $761,707 $761,707 0.06 $757,647
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 757,451 $760,563 $760,563 0.06 $758,555
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 744,760 $756,127 $756,127 0.06 $751,746
Towd Point Mortgage Trust 2024-CES2 A1B 6.35% 25-FEB-2064, 6.35%, 02/25/64 TPMT 2024-CES2 89182JAB7 - - 743,697 $755,328 $755,328 0.06 $749,819
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 5.98279% 25-JUN-2047, 5.98%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 748,701 $750,466 $750,466 0.06 $748,289
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.93279% 25-JUN-2047, 6.93%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 727,309 $745,674 $745,674 0.06 $743,293
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 $733,507 $733,507 0.06 $731,271
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $719,008 $719,008 0.06 $714,571
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $706,505 $706,505 0.05 $702,754
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $704,620 $704,620 0.05 $702,787
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 662,600 $681,071 $681,071 0.05 $673,913
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 $679,310 $679,310 0.05 $675,683
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 662,600 $676,644 $676,644 0.05 $671,186
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.78279% 25-DEC-2031, 7.78%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 657,964 $666,382 $666,382 0.05 $663,963
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $658,101 $658,101 0.05 $622,397
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 633,785 $643,662 $643,662 0.05 $638,985
Towd Point Mortgage Trust 2024-CES1 A1B 6.049% 25-JAN-2064, 6.05%, 01/25/64 TPMT 2024-CES1 89183CAB1 - - 609,418 $617,272 $617,272 0.05 $612,971
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 $615,786 $615,786 0.05 $601,979
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 571,500 $577,425 $577,425 0.04 $571,308
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $567,680 $567,680 0.04 $565,435
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 $567,016 $567,016 0.04 $564,222
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 $563,088 $563,088 0.04 $559,661
BX Trust 2022-FOX2 E 6.99134% 15-APR-2039, 6.99%, 04/15/39 BX 2022-FOX2 05610AAJ7 - - 546,700 $549,369 $549,369 0.04 $546,290
Mello Warehouse Securitization Trust 2024-1 F 9.24103% 25-OCT-2057, 9.24%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $542,719 $542,719 0.04 $540,354
Connecticut Avenue Securities, Series 2021-R01 1M2 5.73279% 25-OCT-2041, 5.73%, 10/25/41 CAS 2021-R01 20754RAB2 - - 537,442 $540,636 $540,636 0.04 $539,181
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $535,923 $535,923 0.04 $531,888
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 532,389 $535,220 $535,220 0.04 $532,863
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 $535,191 $535,191 0.04 $531,206
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $531,123 $531,123 0.04 $527,285
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $523,351 $523,351 0.04 $520,182
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 $517,616 $517,616 0.04 $516,866
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $516,364 $516,364 0.04 $513,729
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 $515,316 $515,316 0.04 $512,479
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $514,863 $514,863 0.04 $512,471
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 $514,189 $514,189 0.04 $511,716
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $512,536 $512,536 0.04 $509,977
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $511,516 $511,516 0.04 $509,260
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $509,414 $509,414 0.04 $507,143
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $509,188 $509,188 0.04 $506,843
Gracie Point International Funding, Series 2024-1 C 7.85559% 01-MAR-2028, 7.86%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $508,575 $508,575 0.04 $500,720
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $504,737 $504,737 0.04 $500,064
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $504,646 $504,646 0.04 $501,967
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 471,062 $479,344 $479,344 0.04 $477,093
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $462,665 $462,665 0.04 $459,690
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $429,113 $429,113 0.03 $426,646
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 $426,624 $426,624 0.03 $422,750
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 420,890 $423,473 $423,473 0.03 $420,924
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 $415,099 $415,099 0.03 $412,595
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 $412,243 $412,243 0.03 $410,503
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $411,271 $411,271 0.03 $409,165
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 $401,906 $401,906 0.03 $400,077
BAMLL Re-REMIC Trust 2024-FRR4 E 0.011205% 27-NOV-2048, 0.71%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $394,350 $394,350 0.03 $394,020
BAMLL Re-REMIC Trust 2024-FRR4 F 0.010514% 27-JAN-2026, 0.66%, 11/27/48 BAMLL 05493VAL8 - - 400,119 $393,658 $393,658 0.03 $393,348
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.45551% 25-OCT-2057, 7.46%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 375,671 $391,209 $391,209 0.03 $389,887
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 $387,388 $387,388 0.03 $385,074
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 $383,238 $383,238 0.03 $382,643
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $371,078 $371,078 0.03 $368,812
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $354,176 $354,176 0.03 $348,545
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $325,355 $325,355 0.03 $324,207
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 $322,114 $322,114 0.02 $319,033
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $320,513 $320,513 0.02 $318,577
BX Commercial Mortgage Trust 2024-MF C 5.97307% 15-FEB-2039, 5.97%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $311,543 $311,543 0.02 $310,052
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 $302,889 $302,889 0.02 $302,101
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 $302,294 $302,294 0.02 $299,846
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $299,531 $299,531 0.02 $297,694
CSMC 2021-BHAR E 7.647% 15-NOV-2038, 7.65%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $296,118 $296,118 0.02 $294,270
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.73279% 25-FEB-2050, 5.73%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 294,274 $289,312 $289,312 0.02 $288,516
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 284,954 $289,286 $289,286 0.02 $287,746
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 $283,307 $283,307 0.02 $281,709
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 278,884 $282,157 $282,157 0.02 $280,038
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.33%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 282,366 $279,275 $279,275 0.02 $278,773
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 $276,471 $276,471 0.02 $275,065
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $268,449 $268,449 0.02 $268,449
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 $256,403 $256,403 0.02 $254,893
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 $250,213 $250,213 0.02 $248,743
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $249,810 $249,810 0.02 $248,404
Santander US Capital Markets LLC 18-JAN-2033, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 240,511 $242,964 $242,964 0.02 $241,692
BXHPP Trust 2021-FILM B 5.047% 15-AUG-2036, 5.05%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $236,720 $236,720 0.02 $235,704
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 $217,159 $217,159 0.02 $216,400
Readycap Lending Small Business Loan Trust 2023-3 A 7.32% 25-APR-2048, 7.32%, 04/25/48 RCLT 75576AAA1 - - 212,188 $214,356 $214,356 0.02 $213,622
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 211,382 $212,436 $212,436 0.02 $211,881
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $205,758 $205,758 0.02 $204,052
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $205,174 $205,174 0.02 $203,700
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 $170,894 $170,894 0.01 $170,196
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $158,643 $158,643 0.01 $158,343
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 193,056 $150,604 $150,604 0.01 $150,469
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 141,849 $142,750 $142,750 0.01 $142,077
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 137,282 $138,595 $138,595 0.01 $137,967
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 128,517 $133,041 $133,041 0.01 $131,521
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 $104,708 $104,708 0.01 $104,106
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $101,626 $101,626 0.01 $101,414
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $100,829 $100,829 0.01 $100,622
Ginnie Mae REMIC Trust 2005-065 FA 4.39992% 20-AUG-2035, 4.30%, 08/20/35 GNR 2005-65 38374LL25 - - 100,903 $99,685 $99,685 0.01 $99,408
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $93,931 $93,931 0.01 $93,722
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 82,661 $82,841 $82,841 0.01 $82,650
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $71,551 $71,551 0.01 $71,378
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 $65,550 $65,550 0.01 $65,236
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 59,729 $59,490 $59,490 0.00 $59,223
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 $53,133 $53,133 0.00 $52,987
Affirm Asset Securitization Trust 2023-X1 C 8.25% 15-NOV-2028, 8.25%, 11/15/28 AFFRM 2023-X1 00834KAC1 - - 41,225 $41,497 $41,497 0.00 $41,232
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 29,286 $29,611 $29,611 0.00 $29,517
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 28,758 $28,804 $28,804 0.00 $28,737
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 $22,181 $22,181 0.00 $22,009
TOWD POINT MORTGAGE TRUST 6.125% 65, 5.67%, 08/25/65 TPMT 2025-CES3 891949AC3 - - - $9,728 $9,728 0.00 $0
RCKT Mortgage Trust 2025-CES6 A1A 5.472% 25-JUN-2055, 5.47%, 06/25/55 RCKT 2025-CES6 748949AA2 - - - $1,016 $1,016 0.00 $0
US 10yr Ultra Fut Dec25 DEC 25 UXYZ5 FUTURES_USD - -297.00 $-34,391,672 $0 0.00 $0
US ULTRA BOND CBT Dec25 DEC 25 WNZ5 FUTURES_USD - -108.00 $-13,125,375 $0 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - 1,682 $184,021,312 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - 2,141 $446,114,150 $0 0.00 $0
US 10YR NOTE (CBT)Dec25 DEC 25 TYZ5 FUTURES_USD - 590.00 $66,670,000 $0 0.00 $0
ESZ5 19Dec25 Put (AMERICAN PHYSICAL) 6150 ESZ5P ESZ5 INDEX $6,150.00 -89.00 $30,597,088 $-71,200 -0.01 $-71,200
ESZ5 19Dec25 Call (AMERICAN PHYSICAL) 7175 ESZ5C ESZ5 INDEX $7,175.00 -89.00 $-30,597,088 $-85,662 -0.01 $-85,662
UMBS TBA 30yr 5% December Delivery, 5.00%, 12/11/25 FNCL 01F0506C5 - - -61,440,000 $-61,123,584 $-61,123,584 -4.71 $-61,123,584
UMBS TBA 30yr 2.5% December Delivery, 2.50%, 12/11/25 FNCL 01F0226C4 - - -189,990,000 $-161,667,621 $-161,667,621 -12.45 $-161,667,621
SEGREGATED CASH SEGCASH - $0.00 8,170,000 $8,170,000 $8,170,000 0.63 $8,170,000
US DOLLARS USD MD_142224 - - -173,922,348 $-173,922,348 $-173,922,348 -13.40 $-173,922,348
PGIM AAA CLO ETF 05/07/26 PAAA US 69344A834 $51.33 1,169,022 $60,017,589 $17,535 0.00 $17,535
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,287,500 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,139,062 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,210,938 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,259,375 $0 0.00 $0
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,736,191 $-6,655 0.00 $-6,655
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,587,871 $-46,026 0.00 $-46,026
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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