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

Short Duration Income ETF Holdings

Full Portfolio Holdings

(As of 09/12/2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028, 4.95%, 01/14/28 MS 61690U8A1 - - 43,610,000 $44,423,674 $44,423,674 1.61 $44,057,747
Citigroup Inc. 5.61% 29-SEP-2026, 5.61%, 09/29/26 C 172967NX5 - - 35,000,000 $35,917,273 $35,917,273 1.30 $35,011,882
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,607,443 $34,607,443 1.25 $33,735,341
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,477,625 $27,477,625 1.00 $27,477,625
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,444,849 $26,444,849 0.95 $26,186,161
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $26,205,235 $26,205,235 0.94 $25,725,232
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,860,212 $25,860,212 0.93 $25,768,532
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,363,618 $25,363,618 0.91 $25,189,345
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,831,414 $23,831,414 0.86 $23,688,515
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,745,448 $23,745,448 0.85 $23,531,947
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,504,527 $23,504,527 0.85 $23,147,539
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 23,251,403 $23,488,557 $23,488,557 0.84 $23,424,744
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,280,502 $23,280,502 0.84 $22,937,758
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,837,702 $22,837,702 0.82 $22,822,671
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,104,240 $22,104,240 0.80 $21,914,013
BX Trust 2025-ROIC A 5.50693% 15-FEB-2042, 5.51%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,986,511 $20,986,511 0.75 $20,887,592
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,782,472 $20,782,472 0.75 $20,255,265
Toyota Motor Credit Corporation FRN 05-SEP-2028, 5.14%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,666,334 $20,666,334 0.74 $20,636,991
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,609,031 $20,609,031 0.74 $20,270,931
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $20,238,269 $20,238,269 0.73 $20,036,997
Amgen Inc. 5.507% 02-MAR-2026, 5.51%, 03/02/26 AMGN 031162DN7 - - 20,025,000 $20,069,416 $20,069,416 0.72 $20,029,593
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,833,243 $19,833,243 0.71 $19,440,473
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,661,038 $19,661,038 0.71 $19,238,455
NOW Trust 2024-1 A 4.9624% 14-JUN-2032, 4.96%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 29,197,963 $19,597,817 $19,597,817 0.70 $19,513,425
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $19,265,564 $19,265,564 0.69 $19,111,387
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,248,021 $19,248,021 0.69 $19,218,414
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,756,034 $17,756,034 0.64 $17,363,473
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,723,299 $17,723,299 0.64 $17,636,427
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,701,612 $17,701,612 0.64 $17,635,485
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,609,135 $17,609,135 0.63 $17,300,231
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,561,649 $17,561,649 0.63 $17,101,533
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,540,076 $17,540,076 0.63 $17,208,828
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,470,205 $17,470,205 0.63 $17,389,092
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,462,523 $17,462,523 0.63 $17,086,389
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,073,845 $17,073,845 0.61 $16,949,892
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,798,970 $16,798,970 0.60 $16,564,725
Morgan Stanley 6.138% 16-OCT-2026, 6.14%, 10/16/26 MS 61747YEX9 - - 16,250,000 $16,684,771 $16,684,771 0.60 $16,271,948
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,590,228 $16,590,228 0.60 $16,471,743
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $16,221,416 $16,221,416 0.58 $16,155,971
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $16,183,800 $16,183,800 0.58 $15,840,797
NOW Trust 2025-1 A 4.7124% 14-FEB-2034, 4.71%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 24,151,719 $16,142,035 $16,142,035 0.58 $16,075,745
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,523,153 $15,523,153 0.56 $15,280,777
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,480,653 $15,480,653 0.56 $15,162,684
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,307,474 $15,307,474 0.55 $15,002,676
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,269,331 $15,269,331 0.55 $15,097,521
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,154,121 $15,154,121 0.55 $15,124,774
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $15,024,064 $15,024,064 0.54 $14,879,507
TACLN 2025-1 B|4.728|09/26/2033, 4.73%, 09/26/33 TACLN - - 15,000,000 $15,000,000 $15,000,000 0.54 $15,000,000
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.84839% 25-OCT-2041, 5.85%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 14,823,819 $14,942,104 $14,942,104 0.54 $14,891,531
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,827,213 $14,827,213 0.53 $14,725,962
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,787,661 $14,787,661 0.53 $14,493,013
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,769,917 $14,769,917 0.53 $14,762,994
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,714,010 $14,714,010 0.53 $14,447,643
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,550,280 $14,550,280 0.52 $14,243,239
BAE Systems Plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,410,920 $14,410,920 0.52 $14,084,304
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,364,189 $14,364,189 0.52 $14,002,471
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,290,714 $14,290,714 0.51 $14,290,714
RAF ABS Series 2025-1 A 4.62% 09-DEC-2031, 4.51%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 21,030,000 $14,031,237 $14,031,237 0.50 $13,988,112
Newcastle Greater Mutual Group Ltd FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,949,001 $13,949,001 0.50 $13,881,942
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $13,944,610 $13,944,610 0.50 $13,709,709
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.37%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $13,833,265 $13,833,265 0.50 $13,833,265
Wells Fargo & Company FRN 15-SEP-2029, 5.29%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,822,764 $13,822,764 0.50 $13,822,764
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,822,033 $13,822,033 0.50 $13,723,075
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,703,686 $13,703,686 0.49 $13,441,886
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,667,325 $13,667,325 0.49 $13,641,064
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,660,224 $13,660,224 0.49 $13,517,499
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,633,460 $13,633,460 0.49 $13,306,485
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,252,452 $13,252,452 0.48 $12,981,495
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,210,106 $13,210,106 0.48 $12,975,527
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,159,494 $13,159,494 0.47 $12,893,325
Permanent TSB Group Holdings Plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,153,090 $13,153,090 0.47 $12,987,553
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $13,145,314 $13,145,314 0.47 $12,897,540
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $13,089,306 $13,089,306 0.47 $12,729,108
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,067,973 $13,067,973 0.47 $13,033,192
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,056,462 $13,056,462 0.47 $12,935,751
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,052,821 $13,052,821 0.47 $13,020,724
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $12,997,448 $12,997,448 0.47 $12,971,947
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $12,961,030 $12,961,030 0.47 $12,871,784
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,855,728 $12,855,728 0.46 $12,811,160
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $12,302,775 $12,302,775 0.44 $11,997,946
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,284,540 $12,284,540 0.44 $12,211,133
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,258,386 $12,258,386 0.44 $12,163,470
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,199,608 $12,199,608 0.44 $12,118,906
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $12,130,250 $12,130,250 0.44 $11,854,343
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $12,093,870 $12,093,870 0.44 $11,884,557
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $12,005,522 $12,005,522 0.43 $11,769,444
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $11,955,777 $11,955,777 0.43 $11,884,777
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,831,799 $11,831,799 0.43 $11,603,798
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,542,775 $11,802,882 $11,802,882 0.42 $11,715,907
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,703,007 $11,703,007 0.42 $11,645,050
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,679,400 $11,679,400 0.42 $11,611,206
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,632,994 $11,632,994 0.42 $11,607,255
Kiwibank Limited FRN 23-SEP-2025, 4.82%, 09/23/25 KIWI Q5S26ZAL7 - - 17,230,000 $11,574,676 $11,574,676 0.42 $11,447,786
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,531,798 $11,531,798 0.41 $11,502,786
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,482,194 $11,482,194 0.41 $11,312,515
NRTH 2024-PARK Mortgage Trust A 6.0044% 15-MAR-2039, 6.00%, 03/15/41 NRTH 2024-PARK 67021HAA4 - - 11,400,000 $11,448,908 $11,448,908 0.41 $11,389,965
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,203,820 $11,203,820 0.40 $11,100,970
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $11,114,266 $11,114,266 0.40 $11,077,180
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.96%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,949,866 $10,949,866 0.39 $10,827,374
Connecticut Avenue Securities Trust 2024-R06 1M2 5.94839% 25-SEP-2044, 5.95%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,741,491 $10,741,491 0.39 $10,704,457
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.54839% 25-MAY-2045, 5.55%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 10,554,061 $10,599,454 $10,599,454 0.38 $10,565,295
Plenti PL & Green ABS Trust 2024-2 A1 4.7775% 11-APR-2036, 4.73%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 15,913,003 $10,594,179 $10,594,179 0.38 $10,588,699
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,577,315 $10,577,315 0.38 $10,486,444
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 10,406,593 $10,532,676 $10,532,676 0.38 $10,493,348
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,503,932 $10,503,932 0.38 $10,297,359
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 10,403,671 $10,483,461 $10,483,461 0.38 $10,455,140
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,439,046 $10,439,046 0.38 $10,183,811
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,360,664 $10,360,664 0.37 $10,224,433
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,293,201 $10,293,201 0.37 $10,202,656
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,213,058 $10,213,058 0.37 $10,095,044
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,064,745 $10,064,745 0.36 $9,841,957
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,911,998 $9,911,998 0.36 $9,752,485
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,790,020 $9,864,532 $9,864,532 0.35 $9,800,334
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,784,280 $9,784,280 0.35 $9,630,565
Westpac Banking Corporation FRN 10-JUL-2034, 5.79%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,749,082 $9,749,082 0.35 $9,648,128
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,747,162 $9,747,162 0.35 $9,713,607
Domino's Pizza Master Issuer Series 2021-1 2021-A2I 2.662% 25-APR-2051, 2.66%, 04/25/51 DPABS 2021-1A 25755TAN0 - - 10,198,608 $9,686,940 $9,686,940 0.35 $9,649,234
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,521,399 $9,521,399 0.34 $9,426,772
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 9,415,657 $9,450,757 $9,450,757 0.34 $9,420,557
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.59839% 25-MAR-2044, 5.60%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 9,258,930 $9,296,879 $9,296,879 0.33 $9,266,642
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,256,939 $9,256,939 0.33 $9,176,689
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,177,614 $9,177,614 0.33 $8,995,371
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,173,418 $9,173,418 0.33 $9,071,828
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $9,170,483 $9,170,483 0.33 $8,973,107
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $9,119,491 $9,119,491 0.33 $9,082,147
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 8,944,778 $9,093,792 $9,093,792 0.33 $9,055,572
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,973,788 $8,973,788 0.32 $8,803,935
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 8,783,057 $8,835,595 $8,835,595 0.32 $8,805,360
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,642,546 $8,642,546 0.31 $8,557,400
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,617,230 $8,617,230 0.31 $8,587,781
Connecticut Avenue Securities Trust 2024-R01 1M1 5.39839% 25-JAN-2044, 5.40%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 8,436,354 $8,457,631 $8,457,631 0.30 $8,431,064
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,364,804 $8,364,804 0.30 $8,204,004
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,359,240 $8,359,240 0.30 $8,318,841
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,275,030 $8,275,030 0.30 $8,063,752
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,266,572 $8,266,572 0.30 $8,251,895
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,246,967 $8,246,967 0.30 $8,224,176
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,234,833 $8,234,833 0.30 $8,056,424
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.00%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 12,189,916 $8,141,044 $8,141,044 0.29 $8,136,606
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,077,708 $8,077,708 0.29 $8,003,744
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,058,067 $8,058,067 0.29 $8,054,098
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,984,777 $7,984,777 0.29 $7,810,080
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,940,524 $7,940,524 0.29 $7,915,524
Westpac Banking Corporation FRN 29-JAN-2031, 5.44%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,920,058 $7,920,058 0.28 $7,863,949
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,812,396 $7,812,396 0.28 $7,717,609
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,800,182 $7,800,182 0.28 $7,793,180
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.55%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,486,265 $7,713,539 $7,713,539 0.28 $7,501,590
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,657,631 $7,657,631 0.28 $7,605,695
Connecticut Avenue Securities Trust 2025-R03 2M1 5.94839% 25-MAR-2045, 5.95%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,595,851 $7,653,922 $7,653,922 0.28 $7,627,565
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,546,616 $7,546,616 0.27 $7,450,658
Cargill, Incorporated 4.875% 10-OCT-2025, 4.88%, 10/10/25 CARGIL 141781BY9 - - 7,375,000 $7,531,309 $7,531,309 0.27 $7,376,511
Metro Finance 2024-1 Trust|4.815|09/17/2030, 4.82%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 11,185,550 $7,494,077 $7,494,077 0.27 $7,466,628
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,417,891 $7,417,891 0.27 $7,382,394
RESIMAC Bastille Trust 2024-1NC A2 4.9175% 13-SEP-2055, 4.92%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 11,000,574 $7,383,577 $7,383,577 0.27 $7,351,084
Taco Bell Funding Series 2016-1 A2III 4.97% 25-MAY-2046, 4.97%, 05/25/46 BELL 2016-1A 87342RAC8 - - 7,261,763 $7,284,046 $7,284,046 0.26 $7,263,995
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,256,277 $7,256,277 0.26 $7,122,927
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,195,269 $7,195,269 0.26 $7,084,144
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.39839% 25-JAN-2045, 5.40%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 7,127,166 $7,149,611 $7,149,611 0.26 $7,127,167
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $7,100,929 $7,100,929 0.26 $6,936,118
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.54839% 25-AUG-2044, 5.55%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 7,066,361 $7,094,585 $7,094,585 0.26 $7,071,714
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $7,054,697 $7,054,697 0.25 $6,898,396
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,021,794 $7,021,794 0.25 $7,001,005
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,955,662 $6,955,662 0.25 $6,941,503
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,917,037 $6,917,037 0.25 $6,874,165
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,858,664 $6,858,664 0.25 $6,822,413
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,820,678 $6,820,678 0.25 $6,684,333
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 5.17%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,820,225 $6,820,225 0.25 $6,816,320
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,782,825 $6,782,825 0.24 $6,659,218
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,777,219 $6,777,219 0.24 $6,632,836
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,639,549 $6,639,549 0.24 $6,619,611
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,500,000 $6,574,388 $6,574,388 0.24 $6,547,494
Westpac Banking Corporation FRN 03-APR-2034, 6.01%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,528,879 $6,528,879 0.23 $6,452,007
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,517,362 $6,517,362 0.23 $6,360,394
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,506,674 $6,506,674 0.23 $6,503,605
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,492,544 $6,492,544 0.23 $6,441,356
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,472,139 $6,472,139 0.23 $6,432,024
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,407,424 $6,407,424 0.23 $6,341,090
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,406,069 $6,406,069 0.23 $6,378,255
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,282,753 $6,282,753 0.23 $6,237,859
Connecticut Avenue Securities Trust 2025-R01 1M2 5.84839% 25-JAN-2045, 5.85%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,233,930 $6,233,930 0.22 $6,212,756
Plenti PL & Green ABS Trust 2025-1 A1G 4.7975% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 9,323,371 $6,210,884 $6,210,884 0.22 $6,207,659
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,989,868 $5,989,868 0.22 $5,921,555
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $5,928,572 $5,928,572 0.21 $5,869,197
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,896,246 $5,896,246 0.21 $5,808,867
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,882,335 $5,882,335 0.21 $5,799,605
Insurance Australia Group Limited FRN 15-DEC-2036, 6.56%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,833,925 $5,833,925 0.21 $5,739,951
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,782,247 $5,782,247 0.21 $5,739,643
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,773,463 $5,773,463 0.21 $5,771,658
Connecticut Avenue Securities, Series 2021-R01 1M2 5.89839% 25-OCT-2041, 5.90%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,723,387 $5,762,322 $5,762,322 0.21 $5,742,630
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,596,756 $5,596,756 0.20 $5,564,712
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,556,236 $5,556,236 0.20 $5,518,006
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,538,048 $5,538,048 0.20 $5,418,366
MSD Investment Corp. 6.25% 31-MAY-2030, 6.25%, 05/31/30 MSINTM 55354LAA7 - - 5,250,000 $5,482,523 $5,482,523 0.20 $5,333,956
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,439,909 $5,439,909 0.20 $5,423,064
Plenti PL & Green ABS Trust 2025-1 A1 4.7975% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 7,968,693 $5,308,448 $5,308,448 0.19 $5,305,692
BX Commercial Mortgage Trust 2024-AIRC A 6.05424% 15-AUG-2041, 6.05%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,287,875 $5,287,875 0.19 $5,260,542
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,188,788 $5,188,788 0.19 $5,090,455
Repsol E&P Capital Markets US LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,183,587 $5,183,587 0.19 $5,183,587
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,161,527 $5,161,527 0.19 $5,146,875
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,157,518 $5,157,518 0.19 $5,044,351
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,157,279 $5,157,279 0.19 $5,095,404
NatWest Group Plc 2.875% 19-SEP-2026, 2.88%, 09/19/26 NWG AR7574981 - - 3,690,000 $5,144,745 $5,144,745 0.19 $5,002,482
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,109,384 $5,109,384 0.18 $5,072,718
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,038,867 $5,038,867 0.18 $5,025,005
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,130,125 $4,989,021 $4,989,021 0.18 $4,981,735
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,791,991 $4,791,991 0.17 $4,695,301
Macquarie Bank Limited FRN 17-JUN-2031, 5.66%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,720,427 $4,720,427 0.17 $4,655,667
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,687,489 $4,687,489 0.17 $4,634,026
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 4,684,660 $4,681,851 $4,681,851 0.17 $4,664,545
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,615,459 $4,615,459 0.17 $4,572,949
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,551,822 $4,551,822 0.16 $4,504,870
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,531,948 $4,531,948 0.16 $4,466,395
Liberty Series 2024-1 Auto A 4.7575% 25-MAY-2032, 4.76%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,730,611 $4,502,696 $4,502,696 0.16 $4,490,457
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,435,820 $4,435,820 0.16 $4,402,906
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,111,831 $4,111,831 0.15 $4,094,636
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,104,825 $4,104,825 0.15 $4,009,755
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.79839% 25-OCT-2044, 5.80%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,064,663 $4,064,663 0.15 $4,050,965
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,719,890 $3,719,890 0.13 $3,658,763
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,719,303 $3,719,303 0.13 $3,634,934
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.44839% 25-DEC-2031, 5.45%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,662,383 $3,679,146 $3,679,146 0.13 $3,667,507
Lloyds Banking Group Plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,675,705 $3,675,705 0.13 $3,652,962
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.91%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,574,963 $3,574,963 0.13 $3,509,293
Lloyds Banking Group Plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,532,433 $3,532,433 0.13 $3,527,809
Connecticut Avenue Securities Trust 2025-R01 1M1 5.44839% 25-JAN-2045, 5.45%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,455,625 $3,466,822 $3,466,822 0.12 $3,455,836
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,326,200 $3,326,200 0.12 $3,249,164
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,301,053 $3,301,053 0.12 $3,274,053
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.69839% 25-FEB-2044, 5.70%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 3,251,961 $3,268,802 $3,268,802 0.12 $3,257,993
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA3 M1A 6.64839% 25-AUG-2042, 6.65%, 08/25/42 STACR 2022-HQA3 35564KE39 - - 3,110,499 $3,176,518 $3,176,518 0.11 $3,164,455
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 3,112,777 $3,157,591 $3,157,591 0.11 $3,144,852
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.34839% 25-JUN-2043, 6.35%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 3,108,568 $3,131,726 $3,131,726 0.11 $3,120,214
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,105,280 $3,105,280 0.11 $3,072,778
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,095,368 $3,095,368 0.11 $3,088,232
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,086,661 $3,086,661 0.11 $3,069,716
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.55%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,995,847 $3,008,347 $3,008,347 0.11 $2,998,651
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,952,924 $2,952,924 0.11 $2,915,189
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,945,563 $2,945,563 0.11 $2,903,767
Homeward Opportunities Fund Trust 2025-RRTL2|5.237|09/25/2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,904,069 $2,904,069 0.10 $2,902,807
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,825,003 $2,890,617 $2,890,617 0.10 $2,876,899
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,825,003 $2,887,181 $2,887,181 0.10 $2,873,807
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,841,220 $2,841,220 0.10 $2,767,307
Connecticut Avenue Securities Trust 2025-R02 1M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,780,216 $2,790,175 $2,790,175 0.10 $2,781,255
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.54839% 25-MAY-2044, 5.55%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,724,479 $2,736,518 $2,736,518 0.10 $2,727,700
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,688,974 $2,688,974 0.10 $2,685,258
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,435,725 $2,435,725 0.09 $2,413,502
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,314,450 $2,346,123 $2,346,123 0.08 $2,336,537
Plenti Auto ABS Trust 2025-1 A 4.68% 12-AUG-2033, 4.68%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,499,691 $2,341,826 $2,341,826 0.08 $2,331,690
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 2,245,000 $2,337,616 $2,337,616 0.08 $2,332,902
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,201,599 $2,275,594 $2,275,594 0.08 $2,254,036
Connecticut Avenue Securities Trust 2024-R02 1M1 5.44839% 25-FEB-2044, 5.45%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,235,062 $2,241,465 $2,241,465 0.08 $2,234,362
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,234,601 $2,234,601 0.08 $2,224,912
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,114,065 $2,114,065 0.08 $2,070,634
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,072,689 $2,072,689 0.07 $2,064,902
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,060,533 $2,060,533 0.07 $2,044,193
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,044,895 $2,044,895 0.07 $2,043,405
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.14839% 25-NOV-2041, 6.15%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,024,281 $2,024,281 0.07 $2,017,108
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,984,600 $1,984,600 0.07 $1,976,592
Connecticut Avenue Securities Trust 2023-R06 1M1 6.04839% 25-JUL-2043, 6.05%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,705,395 $1,719,846 $1,719,846 0.06 $1,713,829
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,713,222 $1,713,222 0.06 $1,711,900
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,567,776 $1,567,776 0.06 $1,564,611
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,564,165 $1,564,165 0.06 $1,536,894
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.19839% 25-NOV-2043, 6.20%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,544,454 $1,559,488 $1,559,488 0.06 $1,553,904
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2II 2.493% 20-NOV-2047, 2.49%, 11/20/51 DNKN 2021-1A 233046AQ4 - - 1,569,838 $1,469,354 $1,469,354 0.05 $1,466,636
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,405,269 $1,405,269 0.05 $1,387,930
Lloyds Banking Group Plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,303,689 $1,303,689 0.05 $1,284,282
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.75%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,944,042 $1,301,094 $1,301,094 0.05 $1,300,280
General Motors Financial Company, Inc. 6.05% 10-OCT-2025, 6.05%, 10/10/25 GM 37045XDZ6 - - 1,250,000 $1,283,727 $1,283,727 0.05 $1,251,166
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.34839% 25-MAY-2043, 6.35%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,261,454 $1,278,352 $1,278,352 0.05 $1,273,681
Connecticut Avenue Securities Trust 2024-R05 2M1 5.34839% 25-JUL-2044, 5.35%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,224,130 $1,233,052 $1,233,052 0.04 $1,223,594
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,211,695 $1,211,695 0.04 $1,203,700
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,125,766 $1,125,766 0.04 $1,119,805
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $1,007,645 $1,007,645 0.04 $984,693
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $937,774 $937,774 0.03 $933,727
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $864,079 $864,079 0.03 $862,799
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.34839% 25-OCT-2044, 5.35%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 734,130 $736,145 $736,145 0.03 $733,855
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $695,167 $695,167 0.03 $688,548
Australian Central Credit Union Ltd. FRN 16-SEP-2031, 6.51%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $676,687 $676,687 0.02 $665,898
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $674,688 $674,688 0.02 $661,952
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $672,411 $672,411 0.02 $666,197
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $661,853 $661,853 0.02 $661,414
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.53%, 10/14/31 BENAU BR8160425 - - 800,000 $538,454 $538,454 0.02 $533,383
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $373,829 $373,829 0.01 $369,978
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $101,177 $101,177 0.00 $99,627
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $100,409 $100,409 0.00 $100,114
Bayview Opportunity Master Fund VII Trust 2024-SN1 A2 5.67% 15-APR-2027, 5.67%, 04/15/27 BVABS 2024-SN1A 072926AB4 - - 34,913 $35,078 $35,078 0.00 $34,913
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,844,883 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - 289.00 $36,256,752 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,708,415 $0 0.00 $0
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - 595.00 $42,378,311 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -2,305 $-481,132,737 $0 0.00 $0
GLOBAL PAYMENTS INC 0% 09/15/2025, 0.00%, 09/15/25 GPN 37961CWF5 - - 70,850,000 $70,821,568 $70,821,568 2.55 $70,821,568
AUTONATION INC 0% 09/16/2025, 0.00%, 09/16/25 AUTONA 05330LWG4 - - 44,500,000 $44,494,129 $44,494,129 1.60 $44,494,129
AUTONATION INC 0% 09/15/2025, 0.00%, 09/15/25 AUTONA 05330LWF6 - - 41,400,000 $41,382,765 $41,382,765 1.49 $41,382,765
ENTERGY CORP 0% 09/15/2025, 0.00%, 09/15/25 ETRCP 29366EWF9 - - 29,900,000 $29,888,847 $29,888,847 1.08 $29,888,847
JABIL INC 0% 09/15/2025, 0.00%, 09/15/25 JBLPP 46652LWF0 - - 29,100,000 $29,087,647 $29,087,647 1.05 $29,087,647
AUSTRALIAN DOLLARS AUD - - 19,177,661 $12,740,685 $12,740,685 0.46 $12,740,685
SEGREGATED CASH SEGCASH - $0.00 6,935,333 $6,935,333 $6,935,333 0.25 $6,935,333
NEW ZEALAND DOLLAR NZD - - 6,977,064 $4,154,152 $4,154,152 0.15 $4,154,152
BRITISH POUND GBP - - 2,175,583 $2,949,784 $2,949,784 0.11 $2,949,784
VW CREDIT INC 0% 09/16/2025, 0.00%, 09/16/25 VCINEW 91842JWG0 - - 2,750,000 $2,748,608 $2,748,608 0.10 $2,748,608
EURO EUR - - 1,086,589 $1,274,248 $1,274,248 0.05 $1,274,248
CANADIAN DOLLAR CAD - - 1,524,205 $1,100,548 $1,100,548 0.04 $1,100,548
US DOLLARS USD MD_142224 - - -107,258,524 $-107,258,524 $-107,258,524 -3.86 $-107,258,524
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.96 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.96 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $48,980,673 $48,980,673 1.76 $48,980,673
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-48,980,673 $-48,980,673 -1.76 $-48,980,673
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $44,875,383 $44,875,383 1.61 $44,875,383
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-44,875,383 $-44,875,383 -1.61 $-44,875,383
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $63,439,990 $63,439,990 2.28 $63,439,990
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-63,439,990 $-63,439,990 -2.28 $-63,439,990
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $55,967,705 $55,967,705 2.01 $55,967,705
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-55,967,705 $-55,967,705 -2.01 $-55,967,705
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $19,588,697 $19,588,697 0.70 $19,588,697
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-19,588,697 $-19,588,697 -0.70 $-19,588,697
PARENT OIS PAY FIX USD 3.4775% REC SOFRRATE 27Aug27 CME_US, 3.48%, 08/27/27 - - - 143,000,000 $143,000,000 $143,000,000 5.14 $143,000,000
PARENT OIS PAY FIX USD 3.4775% REC SOFRRATE 27Aug27 CME_US, 3.48%, 08/27/27 - - - -143,000,000 $-143,000,000 $-143,000,000 -5.14 $-143,000,000
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 21Jan26 PAYER GS_US_SW @25.95C 1, 1.00%, 01/21/26 - XXCZU6 UCAXXCZU6 $1.00 524,900,000 $-524,900,000 $646,021 0.02 $646,021
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 21Jan26 PAYER GS_US_SW @19.6C 1, 1.00%, 01/21/26 - UCAXXCZU8 $1.00 -262,450,000 $262,450,000 $-218,091 -0.01 $-218,091
FX Forward|AUD|10/10/2025 +AUDU - - -323,064,500 $-214,711,681 $-214,711,681 -7.72 $-214,711,681
FX Forward|USD|10/10/2025 +AUDU - - 210,783,433 $210,783,433 $210,783,433 7.58 $210,783,433
FX Forward|EUR|10/10/2025 +EUR1 - - -12,260,000 $-14,400,921 $-14,400,921 -0.52 $-14,400,921
FX Forward|USD|10/10/2025 +EUR1 - - 14,423,657 $14,423,657 $14,423,657 0.52 $14,423,657
FX Forward|NZD|10/10/2025 +NZD2 - - -2,180,000 $-1,299,130 $-1,299,130 -0.05 $-1,299,130
FX Forward|USD|10/10/2025 +NZD2 - - 1,308,286 $1,308,286 $1,308,286 0.05 $1,308,286
FX Forward|CAD|10/10/2025 +CADU - - -70,172,000 $-50,728,912 $-50,728,912 -1.82 $-50,728,912
FX Forward|USD|10/10/2025 +CADU - - 51,513,917 $51,513,917 $51,513,917 1.85 $51,513,917
FX Forward|AUD|10/10/2025 +AUD1 - - -323,284,000 $-214,857,563 $-214,857,563 -7.73 $-214,857,563
FX Forward|USD|10/10/2025 +AUD1 - - 210,883,972 $210,883,972 $210,883,972 7.59 $210,883,972
FX Forward|GBP|10/10/2025 +GBPU - - -11,241,000 $-15,243,779 $-15,243,779 -0.55 $-15,243,779
FX Forward|USD|10/10/2025 +GBPU - - 15,236,389 $15,236,389 $15,236,389 0.55 $15,236,389
FX Forward|CAD|10/10/2025 +CADU - - -12,650,000 $-9,144,969 $-9,144,969 -0.33 $-9,144,969
FX Forward|USD|10/10/2025 +CADU - - 9,161,221 $9,161,221 $9,161,221 0.33 $9,161,221
FX Forward|AUD|10/10/2025 +AUDU - - -10,000,000 $-6,646,093 $-6,646,093 -0.24 $-6,646,093
FX Forward|USD|10/10/2025 +AUDU - - 6,520,698 $6,520,698 $6,520,698 0.23 $6,520,698
FX Forward|AUD|10/10/2025 +AUD1 - - 17,000,000 $11,298,359 $11,298,359 0.41 $11,298,359
FX Forward|USD|10/10/2025 +AUD1 - - -11,053,884 $-11,053,884 $-11,053,884 -0.40 $-11,053,884
FX Forward|CAD|10/10/2025 +CADU - - -16,000,000 $-11,566,759 $-11,566,759 -0.42 $-11,566,759
FX Forward|USD|10/10/2025 +CADU - - 11,617,459 $11,617,459 $11,617,459 0.42 $11,617,459
FX Forward|AUD|10/10/2025 +AUDU - - -13,800,000 $-9,171,609 $-9,171,609 -0.33 $-9,171,609
FX Forward|USD|10/10/2025 +AUDU - - 9,013,027 $9,013,027 $9,013,027 0.32 $9,013,027
FX Forward|AUD|10/10/2025 - - - 8,000,000 $5,316,875 $5,316,875 0.19 $5,316,875
FX Forward|USD|10/10/2025 - - - -5,300,299 $-5,300,299 $-5,300,299 -0.19 $-5,300,299
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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