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 11/25/2025)

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 $44,806,549 $44,806,549 1.57 $44,014,707
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,025,271 $34,025,271 1.19 $33,690,226
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,493,900 $27,493,900 0.97 $27,493,900
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $27,074,022 $27,074,022 0.96 $26,509,220
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $25,837,846 $25,837,846 0.91 $25,750,573
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,599,023 $25,599,023 0.91 $25,182,135
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,047,038 $25,047,038 0.89 $25,029,245
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $24,053,774 $24,053,774 0.85 $23,685,413
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 $23,595,550 $23,595,550 0.83 $23,305,205
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,486,983 $23,486,983 0.83 $22,882,575
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,189,160 $23,189,160 0.82 $23,156,436
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $23,047,178 $23,047,178 0.81 $22,955,918
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $22,947,698 $22,947,698 0.81 $22,499,908
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,307,520 $22,307,520 0.79 $21,902,910
Toyota Motor Credit Corporation FRN 05-SEP-2028, 4.89%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $21,042,001 $21,042,001 0.74 $20,811,768
BX Trust 2025-ROIC A 5.10279% 15-FEB-2042, 5.10%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,906,038 $20,906,038 0.74 $20,872,920
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,328,950 $20,328,950 0.72 $20,184,847
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,266,319 $20,266,319 0.72 $20,220,702
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $19,775,450 $19,775,450 0.70 $19,360,398
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,640,655 $19,640,655 0.69 $19,484,415
Air Lease Corporation 5.1% 01-MAR-2029, 5.10%, 03/01/29 AL 00914AAV4 - - 19,000,000 $19,532,137 $19,532,137 0.69 $19,303,345
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,509,411 $19,509,411 0.69 $19,329,655
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,402,259 $19,402,259 0.69 $19,260,539
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 18,132,000 $18,989,964 $18,989,964 0.67 $18,758,781
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,570,514 $18,570,514 0.66 $18,562,907
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,902,216 $17,902,216 0.63 $17,684,113
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,886,025 $17,886,025 0.63 $17,639,322
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,611,699 $17,611,699 0.62 $17,402,607
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,387,670 $17,387,670 0.61 $17,314,432
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,308,941 $17,308,941 0.61 $17,292,824
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,280,462 $17,280,462 0.61 $17,203,482
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,245,019 $17,245,019 0.61 $17,096,655
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,230,817 $17,230,817 0.61 $17,049,326
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,226,129 $17,226,129 0.61 $17,016,733
NOW Trust 2024-1 A 4.9474% 14-JUN-2032, 4.95%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 26,150,096 $16,978,875 $16,978,875 0.60 $16,951,453
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,505,638 $16,505,638 0.58 $16,428,085
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,379,013 $16,379,013 0.58 $16,301,447
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $15,897,963 $15,897,963 0.56 $15,816,409
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,398,775 $15,398,775 0.54 $15,091,426
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,311,317 $15,311,317 0.54 $15,203,400
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,309,306 $15,309,306 0.54 $15,274,954
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,289,643 $15,289,643 0.54 $15,100,013
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,123,803 $15,123,803 0.53 $15,012,162
Mattel, Inc. 3.75% 01-APR-2029, 3.75%, 04/01/29 MAT 577081BF8 - - 15,375,000 $15,098,919 $15,098,919 0.53 $15,010,833
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $15,022,987 $15,022,987 0.53 $14,968,468
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,957,914 $14,957,914 0.53 $14,715,705
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,916,700 $14,916,700 0.53 $14,745,929
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,553,956 $14,553,956 0.51 $14,462,579
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,511,861 $14,511,861 0.51 $14,372,619
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,503,428 $14,503,428 0.51 $14,436,371
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,197,194 $14,197,194 0.50 $14,081,235
Enel Finance International NV 4.125% 30-SEP-2028, 4.12%, 09/30/28 ENELIM 29278GBF4 - - 14,000,000 $14,104,475 $14,104,475 0.50 $14,014,642
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $14,072,485 $14,072,485 0.50 $13,677,219
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.08%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $14,009,022 $14,009,022 0.50 $13,867,541
Oceanview Mortgage Trust 2025-INV4|4.99888|12/25/2055, 5.00%, 12/25/55 BVINV 2025-4 67647DAU3 - - 14,000,000 $13,994,205 $13,994,205 0.49 $13,992,261
UBS AG Stamford Branch FRN 17-MAY-2027, 4.48%, 05/17/27 UBS 90261AAE2 - - 13,950,000 $13,967,516 $13,967,516 0.49 $13,953,747
Wells Fargo & Company FRN 15-SEP-2029, 5.00%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,949,792 $13,949,792 0.49 $13,810,522
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,938,332 $13,938,332 0.49 $13,706,808
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.68279% 25-OCT-2041, 5.57%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 13,800,694 $13,917,498 $13,917,498 0.49 $13,850,613
Atlas Warehouse Lending Company, L.P. 4.625% 15-NOV-2028, 4.62%, 11/15/28 ATWALD 049463AF9 - - 13,831,000 $13,908,506 $13,908,506 0.49 $13,885,406
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,839,966 $13,839,966 0.49 $13,584,647
NOW Trust 2025-1 A 4.6974% 14-FEB-2034, 4.70%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 21,304,397 $13,792,901 $13,792,901 0.49 $13,771,689
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,792,759 $13,792,759 0.49 $13,623,074
Newcastle Greater Mutual Group Ltd. FRN 14-FEB-2029, 5.50%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,515,519 $13,515,519 0.48 $13,491,716
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,441,792 $13,441,792 0.48 $13,419,792
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,391,479 $13,391,479 0.47 $13,281,823
Truist Bank Auto Credit Linked Notes, Series 2025-1 B 4.728% 25-SEP-2033, 4.73%, 09/26/33 TACLN 2025-1 897926CB5 - - 13,211,226 $13,284,166 $13,284,166 0.47 $13,228,027
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,193,497 $13,193,497 0.47 $13,110,758
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,171,253 $13,171,253 0.47 $13,054,157
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,147,973 $13,147,973 0.46 $12,904,826
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,106,727 $13,106,727 0.46 $12,951,898
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $13,079,179 $13,079,179 0.46 $12,845,923
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,058,969 $13,058,969 0.46 $12,743,138
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,020,992 $13,020,992 0.46 $12,969,049
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $12,982,380 $12,982,380 0.46 $12,935,168
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $12,954,506 $12,954,506 0.46 $12,896,924
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $12,887,468 $12,887,468 0.46 $12,853,399
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $12,833,367 $12,833,367 0.45 $12,698,810
Hertz Vehicle Financing III LLC|4.62|05/25/2030, 4.62%, 05/25/30 HERTZ 2025-5A 42806MDL0 - - 12,800,000 $12,798,007 $12,798,007 0.45 $12,798,007
RAF ABS Series 2025-1 A 4.5% 09-DEC-2031, 4.50%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 19,434,970 $12,580,015 $12,580,015 0.44 $12,555,313
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.20%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,411,163 $12,411,163 0.44 $12,409,071
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,394,201 $12,394,201 0.44 $12,196,702
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,380,579 $12,380,579 0.44 $12,175,188
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,312,936 $12,312,936 0.44 $12,126,123
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $12,045,431 $12,045,431 0.43 $11,890,414
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $11,946,051 $11,946,051 0.42 $11,835,385
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,794,475 $11,794,475 0.42 $11,599,355
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $11,789,007 $11,789,007 0.42 $11,755,547
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,513,700 $11,714,955 $11,714,955 0.41 $11,664,830
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,632,431 $11,632,431 0.41 $11,553,180
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,599,580 $11,599,580 0.41 $11,567,265
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,580,004 $11,580,004 0.41 $11,405,930
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,476,536 $11,476,536 0.41 $11,461,428
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,425,234 $11,425,234 0.40 $11,272,021
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,391,896 $11,391,896 0.40 $11,112,153
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,298,503 $11,298,503 0.40 $11,088,265
Commonwealth Bank of Australia FRN 20-AUG-2031, 4.96%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,755,777 $10,755,777 0.38 $10,749,958
Connecticut Avenue Securities Trust 2024-R06 1M2 5.78279% 25-SEP-2044, 5.67%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,725,476 $10,725,476 0.38 $10,674,076
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.85%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,588,156 $10,588,156 0.37 $10,499,725
NRTH Commercial Mortgage Trust 2025-PARK A 5.35223% 15-OCT-2040, 5.35%, 10/15/40 NRTH 2025-PARK 669985AA1 - - 10,500,000 $10,559,959 $10,559,959 0.37 $10,492,667
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,465,017 $10,465,017 0.37 $10,310,917
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,449,861 $10,449,861 0.37 $10,206,159
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,389,022 $10,389,022 0.37 $10,189,517
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,361,610 $10,361,610 0.37 $10,297,546
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,302,676 $10,302,676 0.36 $10,079,926
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,254,077 $10,254,077 0.36 $10,167,452
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $9,849,755 $9,849,755 0.35 $9,816,685
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,832,296 $9,832,296 0.35 $9,690,452
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,806,985 $9,806,985 0.35 $9,756,140
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,765,360 $9,797,135 $9,797,135 0.35 $9,760,136
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 $9,721,301 $9,721,301 0.34 $9,697,923
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,656,120 $9,656,120 0.34 $9,635,381
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,601,517 $9,601,517 0.34 $9,416,098
Westpac Banking Corporation FRN 10-JUL-2034, 5.26%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,431,511 $9,431,511 0.33 $9,369,109
Plenti PL & Green ABS Trust 2024-2 A1 4.7299% 11-APR-2036, 4.73%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 14,459,682 $9,356,313 $9,356,313 0.33 $9,338,193
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.38279% 25-MAY-2045, 5.27%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 9,292,758 $9,334,089 $9,334,089 0.33 $9,292,434
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,332,709 $9,332,709 0.33 $9,157,496
Athene Global Funding 2.5% 24-MAR-2028, 2.50%, 03/24/28 ATH 04685A2V2 - - 9,677,000 $9,290,631 $9,290,631 0.33 $9,248,966
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 9,088,659 $9,184,126 $9,184,126 0.32 $9,175,883
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,068,192 $9,068,192 0.32 $9,002,799
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $8,930,867 $8,930,867 0.32 $8,750,693
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,860,586 $8,860,586 0.31 $8,814,159
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $8,849,599 $8,849,599 0.31 $8,785,042
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $8,813,741 $8,813,741 0.31 $8,800,882
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,723,406 $8,723,406 0.31 $8,537,505
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,684,292 $8,684,292 0.31 $8,585,147
Connecticut Avenue Securities Trust 2022-R02 2M2 7.18279% 25-JAN-2042, 7.07%, 01/25/42 CAS 2022-R02 20754BAB7 - - 8,251,000 $8,408,694 $8,408,694 0.30 $8,407,073
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,324,185 $8,324,185 0.29 $8,220,486
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,239,624 $8,239,624 0.29 $8,195,672
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,150,380 $8,150,380 0.29 $7,993,060
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,127,783 $8,127,783 0.29 $8,053,375
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,124,490 $8,124,490 0.29 $8,024,789
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,111,027 $8,111,027 0.29 $7,988,803
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,083,900 $8,083,900 0.29 $8,041,482
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,067,308 $8,067,308 0.29 $8,025,363
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $8,019,960 $8,019,960 0.28 $7,935,793
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 7,883,222 $7,928,000 $7,928,000 0.28 $7,921,487
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,886,056 $7,886,056 0.28 $7,706,080
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,866,918 $7,866,918 0.28 $7,806,245
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,851,997 $7,851,997 0.28 $7,773,977
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 7,709,804 $7,824,333 $7,824,333 0.28 $7,816,427
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.33279% 25-FEB-2045, 5.22%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 7,735,929 $7,768,836 $7,768,836 0.27 $7,730,812
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 7,692,733 $7,763,400 $7,763,400 0.27 $7,727,533
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,731,815 $7,731,815 0.27 $7,607,575
Vistra Operations Co. LLC 4.3% 15-OCT-2028, 4.30%, 10/15/28 VST 92840VAX0 - - 7,690,000 $7,713,477 $7,713,477 0.27 $7,671,225
Westpac Banking Corporation FRN 29-JAN-2031, 5.11%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,647,533 $7,647,533 0.27 $7,617,725
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,629,554 $7,629,554 0.27 $7,461,882
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,476,468 $7,476,468 0.26 $7,356,962
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.00%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 11,272,960 $7,313,182 $7,313,182 0.26 $7,298,249
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.43279% 25-MAR-2044, 5.32%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 7,236,448 $7,272,630 $7,272,630 0.26 $7,236,203
Connecticut Avenue Securities Trust 2024-R01 1M1 5.23279% 25-JAN-2044, 5.12%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 7,143,414 $7,170,670 $7,170,670 0.25 $7,137,724
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,137,391 $7,137,391 0.25 $7,118,491
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,080,098 $7,080,098 0.25 $7,070,473
Hyundai Capital America, Inc. FRN 18-SEP-2028, 5.16%, 09/18/28 HYNMTR 44891AEB9 - - 6,960,000 $7,068,220 $7,068,220 0.25 $6,998,772
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,057,719 $7,057,719 0.25 $6,963,130
UBS Group AG FRN 23-DEC-2029, 4.93%, 12/23/29 UBS 225401BL1 - - 7,000,000 $7,041,037 $7,041,037 0.25 $6,979,226
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,992,191 $6,992,191 0.25 $6,966,908
Pershing Square Holdings, Ltd. 3.25% 15-NOV-2030, 3.25%, 11/15/30 PSHNA 71531QAD3 - - 7,500,000 $6,978,871 $6,978,871 0.25 $6,971,423
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $6,978,706 $6,978,706 0.25 $6,919,567
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $6,971,188 $6,971,188 0.25 $6,912,799
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.27%, 07/25/45 CAS 2025-R05 20753CAB6 - - 6,866,323 $6,897,093 $6,897,093 0.24 $6,865,119
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 4.91%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,881,777 $6,881,777 0.24 $6,810,737
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,704,870 $6,704,870 0.24 $6,665,277
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,701,792 $6,701,792 0.24 $6,676,355
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,692,254 $6,692,254 0.24 $6,645,018
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,690,868 $6,690,868 0.24 $6,606,584
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,686,707 $6,686,707 0.24 $6,577,032
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,673,809 $6,673,809 0.24 $6,654,718
Connecticut Avenue Securities Trust 2025-R03 2M1 5.78279% 25-MAR-2045, 5.67%, 03/25/45 CAS 2025-R03 20754VAB3 - - 6,593,176 $6,649,514 $6,649,514 0.24 $6,615,631
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,574,953 $6,574,953 0.23 $6,517,410
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,550,789 $6,550,789 0.23 $6,459,220
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,490,837 $6,490,837 0.23 $6,361,707
Metro Finance 2024-1 Trust|4.7998|09/17/2030, 4.80%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 9,956,161 $6,451,414 $6,451,414 0.23 $6,443,817
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,404,294 $6,404,294 0.23 $6,334,088
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,402,354 $6,402,354 0.23 $6,343,155
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,369,155 $6,369,155 0.23 $6,256,441
Westpac Banking Corporation FRN 03-APR-2034, 5.46%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,307,193 $6,307,193 0.22 $6,257,674
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,294,655 $6,294,655 0.22 $6,204,846
Connecticut Avenue Securities Trust 2025-R01 1M2 5.68279% 25-JAN-2045, 5.57%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,215,394 $6,215,394 0.22 $6,186,029
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $6,139,410 $6,139,410 0.22 $6,009,775
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 5,997,684 $6,056,256 $6,056,256 0.21 $6,047,157
Export-Import Bank of Korea FRN 22-SEP-2028, 4.56%, 09/22/28 EIBKOR 302154EN5 - - 5,902,000 $5,952,782 $5,952,782 0.21 $5,903,608
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,948,861 $5,948,861 0.21 $5,944,739
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,933,579 $5,933,579 0.21 $5,787,003
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,848,965 $5,848,965 0.21 $5,804,442
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,847,545 $5,847,545 0.21 $5,817,889
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,831,446 $5,831,446 0.21 $5,737,574
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.23279% 25-JAN-2045, 5.12%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 5,776,863 $5,801,170 $5,801,170 0.21 $5,773,000
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.38279% 25-AUG-2044, 5.27%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 5,686,757 $5,721,264 $5,721,264 0.20 $5,693,103
Insurance Australia Group Limited FRN 15-DEC-2036, 6.03%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,653,377 $5,653,377 0.20 $5,587,809
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,651,948 $5,651,948 0.20 $5,597,815
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,613,835 $5,613,835 0.20 $5,520,211
Gildan Activewear Inc. 4.7% 07-OCT-2030, 4.70%, 10/07/30 GILCN 375916AF0 - - 5,556,000 $5,572,884 $5,572,884 0.20 $5,537,341
RESIMAC Bastille Trust 2024-1NC A2 4.8975% 13-SEP-2055, 4.90%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 8,554,071 $5,556,121 $5,556,121 0.20 $5,546,502
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,437,864 $5,437,864 0.19 $5,410,051
BX Commercial Mortgage Trust 2024-AIRC A 5.65024% 15-AUG-2041, 5.65%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,257,740 $5,257,740 0.19 $5,248,689
Plenti PL & Green ABS Trust 2025-1 A1G 4.7499% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 8,068,303 $5,239,224 $5,239,224 0.19 $5,229,071
Repsol E&P Capital Markets US LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,238,422 $5,238,422 0.19 $5,190,305
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,196,342 $5,196,342 0.18 $5,085,655
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,221,350 $5,166,514 $5,166,514 0.18 $5,163,007
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,155,186 $5,155,186 0.18 $5,059,353
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,090,149 $5,090,149 0.18 $5,081,135
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,082,405 $5,082,405 0.18 $5,041,315
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,060,368 $5,060,368 0.18 $5,040,269
Connecticut Avenue Securities, Series 2021-R01 1M2 5.73279% 25-OCT-2041, 5.62%, 10/25/41 CAS 2021-R01 20754RAB2 - - 4,985,869 $5,019,273 $5,019,273 0.18 $4,994,398
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,116,800 $5,004,218 $5,004,218 0.18 $5,002,474
Santander UK Group Holdings plc 4.32% 22-SEP-2029, 4.32%, 09/22/29 SANUK 80281LAX3 - - 4,756,000 $4,800,224 $4,800,224 0.17 $4,763,698
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,727,467 $4,727,467 0.17 $4,693,809
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,727,266 $4,727,266 0.17 $4,631,626
Hyundai Capital America, Inc. 4.25% 18-SEP-2028, 4.25%, 09/18/28 HYNMTR 44891ADZ7 - - 4,640,000 $4,678,755 $4,678,755 0.17 $4,641,506
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 4,672,770 $4,668,707 $4,668,707 0.17 $4,662,377
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,667,552 $4,667,552 0.17 $4,580,658
Macquarie Bank Limited FRN 17-JUN-2031, 5.11%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,560,777 $4,560,777 0.16 $4,516,698
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,481,319 $4,481,319 0.16 $4,408,797
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,476,779 $4,476,779 0.16 $4,365,614
Plenti PL & Green ABS Trust 2025-1 A1 4.7499% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 6,895,985 $4,466,256 $4,466,256 0.16 $4,457,578
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,413,725 $4,413,725 0.16 $4,319,197
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,150,220 $4,150,220 0.15 $4,093,645
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.63279% 25-OCT-2044, 5.52%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,073,870 $4,073,870 0.14 $4,054,871
LSEGA Financing Plc 4.5% 19-OCT-2028, 4.50%, 10/19/28 LSELN YK0862044 - - 3,000,000 $3,996,326 $3,996,326 0.14 $3,977,807
Liberty Series 2024-1 Auto A 4.6425% 25-MAY-2032, 4.75%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,005,170 $3,902,110 $3,902,110 0.14 $3,886,788
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,710,116 $3,710,116 0.13 $3,644,880
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,670,736 $3,670,736 0.13 $3,657,890
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,666,878 $3,666,878 0.13 $3,637,249
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,468,444 $3,468,444 0.12 $3,428,055
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.36%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,445,630 $3,445,630 0.12 $3,399,388
Mattel, Inc. 5.0% 17-NOV-2030, 5.00%, 11/17/30 MAT 577081BG6 - - 3,397,000 $3,431,407 $3,431,407 0.12 $3,427,160
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,329,448 $3,329,448 0.12 $3,270,498
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,266,992 $3,266,992 0.12 $3,242,767
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,127,441 $3,127,441 0.11 $3,066,797
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.28279% 25-DEC-2031, 5.17%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,105,164 $3,123,523 $3,123,523 0.11 $3,109,077
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,110,173 $3,110,173 0.11 $3,070,948
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,049,285 $3,049,285 0.11 $3,006,808
Connecticut Avenue Securities Trust 2025-R01 1M1 5.28279% 25-JAN-2045, 5.17%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,023,444 $3,037,926 $3,037,926 0.11 $3,023,812
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,985,440 $2,985,440 0.11 $2,916,910
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,971,743 $2,971,743 0.11 $2,901,685
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,917,982 $2,917,982 0.10 $2,904,936
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 2,823,954 $2,857,346 $2,857,346 0.10 $2,853,108
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.53279% 25-FEB-2044, 5.42%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 2,832,190 $2,849,373 $2,849,373 0.10 $2,835,268
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.27%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,808,246 $2,821,179 $2,821,179 0.10 $2,808,591
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,783,381 $2,783,381 0.10 $2,758,593
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,728,382 $2,728,382 0.10 $2,711,473
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,474,287 $2,517,199 $2,517,199 0.09 $2,512,793
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,474,287 $2,512,686 $2,512,686 0.09 $2,508,391
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.38279% 25-MAY-2044, 5.27%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,362,646 $2,379,392 $2,379,392 0.08 $2,368,093
Connecticut Avenue Securities Trust 2025-R02 1M1 5.33279% 25-FEB-2045, 5.22%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,340,808 $2,354,565 $2,354,565 0.08 $2,343,306
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,350,141 $2,350,141 0.08 $2,344,221
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,159,381 $2,159,381 0.08 $2,155,677
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,030,148 $2,092,168 $2,092,168 0.07 $2,078,585
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.18279% 25-JUN-2043, 6.07%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 2,064,942 $2,081,629 $2,081,629 0.07 $2,068,781
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,062,496 $2,062,496 0.07 $2,056,509
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,040,345 $2,059,601 $2,059,601 0.07 $2,056,502
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,026,587 $2,026,587 0.07 $2,000,896
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 5.98279% 25-NOV-2041, 5.87%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,021,840 $2,021,840 0.07 $2,011,875
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,018,985 $2,018,985 0.07 $2,007,021
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $2,003,293 $2,003,293 0.07 $1,975,679
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $1,987,877 $1,987,877 0.07 $1,977,756
Connecticut Avenue Securities Trust 2024-R02 1M1 5.28279% 25-FEB-2044, 5.17%, 02/25/44 CAS 2024-R02 20754GAA8 - - 1,961,183 $1,970,309 $1,970,309 0.07 $1,961,682
Plenti Auto ABS Trust 2025-1 A 4.65% 12-AUG-2033, 4.64%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,028,051 $1,962,696 $1,962,696 0.07 $1,959,218
Wendy's Funding, Series 2018-1 2018_A2II 3.884% 15-MAR-2048, 3.88%, 03/15/48 WEN 2018-1A 95058XAE8 - - 1,744,908 $1,728,233 $1,728,233 0.06 $1,714,867
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,727,986 $1,727,986 0.06 $1,711,029
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,534,092 $1,534,092 0.05 $1,515,226
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,516,171 $1,516,171 0.05 $1,472,386
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2II 2.493% 20-NOV-2047, 2.49%, 11/20/51 DNKN 2021-1A 233046AQ4 - - 1,565,760 $1,479,289 $1,479,289 0.05 $1,478,639
Connecticut Avenue Securities Trust 2023-R06 1M1 5.88279% 25-JUL-2043, 5.77%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,430,587 $1,442,233 $1,442,233 0.05 $1,434,799
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,348,544 $1,348,544 0.05 $1,342,304
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.03279% 25-NOV-2043, 5.92%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,324,184 $1,337,637 $1,337,637 0.05 $1,330,628
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,315,177 $1,315,177 0.05 $1,283,129
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,178,404 $1,178,404 0.04 $1,164,575
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.75%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,797,807 $1,168,182 $1,168,182 0.04 $1,165,443
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.18279% 25-MAY-2043, 6.07%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,100,147 $1,113,306 $1,113,306 0.04 $1,107,366
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,099,514 $1,099,514 0.04 $1,082,473
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $989,753 $989,753 0.03 $983,479
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $906,787 $906,787 0.03 $905,043
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $845,783 $845,783 0.03 $845,428
Connecticut Avenue Securities Trust 2024-R05 2M1 5.18279% 25-JUL-2044, 5.07%, 07/25/44 CAS 2024-R05 20754XAB9 - - 822,110 $825,862 $825,862 0.03 $821,591
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $677,232 $677,232 0.02 $666,526
Heritage & People's Choice Ltd. FRN 16-SEP-2031, 5.96%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $654,527 $654,527 0.02 $647,053
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $650,247 $650,247 0.02 $645,783
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $646,927 $646,927 0.02 $643,900
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $646,258 $646,258 0.02 $641,444
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.04%, 10/14/31 BENAU BR8160425 - - 800,000 $520,967 $520,967 0.02 $517,905
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $361,510 $361,510 0.01 $360,287
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.18279% 25-OCT-2044, 5.07%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 204,279 $206,314 $206,314 0.01 $204,279
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $98,297 $98,297 0.00 $96,982
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $96,657 $96,657 0.00 $96,329
US 5YR NOTE (CBT) Mar26 MAR 26 FVH6 FUTURES_USD - -327.00 $-35,949,562 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - -137.00 $-16,949,564 $0 0.00 $0
Montreal Exchange 2 Year Canadian Bond Future MAR 26 CVH6 FUTURES_CAD - -479.00 $-35,971,265 $0 0.00 $0
US 2YR NOTE (CBT) Mar26 MAR 26 TUH6 FUTURES_USD - -2,760 $-576,904,689 $0 0.00 $0
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - -1,282 $-87,844,659 $0 0.00 $0
AMEREN CORP 0% 11/28/2025, 0.00%, 11/28/25 AEE 02360RYU8 - - 84,600,000 $84,571,837 $84,571,837 2.99 $84,571,837
AUTONATION INC 0% 11/26/2025, 0.00%, 11/26/25 AUTONA 05330LYS6 - - 82,450,000 $82,439,710 $82,439,710 2.91 $82,439,710
JABIL INC 0% 11/26/2025, 0.00%, 11/26/25 JBLPP 46652LYS0 - - 54,250,000 $54,242,980 $54,242,980 1.92 $54,242,980
AMEREN CORP 0% 11/26/2025, 0.00%, 11/26/25 AEE 02360RYS3 - - 30,800,000 $30,796,584 $30,796,584 1.09 $30,796,584
AVIATION CAPITAL GROUP LLC 0% 11/26/2025, 0.00%, 11/26/25 AVTNCP 05369BYS2 - - 21,000,000 $20,997,661 $20,997,661 0.74 $20,997,661
ENERGY TRANSFER LP 0% 11/26/2025, 0.00%, 11/26/25 ENGTRN 29277EYS7 - - 15,000,000 $14,998,312 $14,998,312 0.53 $14,998,312
SEGREGATED CASH SEGCASH - $0.00 9,210,203 $9,210,203 $9,210,203 0.33 $9,210,203
NEW ZEALAND DOLLAR NZD - - 8,393,759 $4,706,789 $4,706,789 0.17 $4,706,789
AUSTRALIAN DOLLARS AUD - - 6,858,361 $4,421,582 $4,421,582 0.16 $4,421,582
BRITISH POUND GBP - - 2,269,307 $2,990,141 $2,990,141 0.11 $2,990,141
EURO EUR - - 1,192,498 $1,378,834 $1,378,834 0.05 $1,378,834
CANADIAN DOLLAR CAD - - 1,640,581 $1,162,997 $1,162,997 0.04 $1,162,997
US DOLLARS USD MD_142224 - - -100,396,194 $-100,396,194 $-100,396,194 -3.55 $-100,396,194
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.92 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.92 $-54,400,000
Pay INACTIVE NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $46,129,993 $46,129,993 1.63 $46,129,993
Pay INACTIVE NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-46,129,993 $-46,129,993 -1.63 $-46,129,993
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $42,263,630 $42,263,630 1.49 $42,263,630
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-42,263,630 $-42,263,630 -1.49 $-42,263,630
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $59,747,775 $59,747,775 2.11 $59,747,775
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-59,747,775 $-59,747,775 -2.11 $-59,747,775
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $52,710,379 $52,710,379 1.86 $52,710,379
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-52,710,379 $-52,710,379 -1.86 $-52,710,379
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $18,448,633 $18,448,633 0.65 $18,448,633
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-18,448,633 $-18,448,633 -0.65 $-18,448,633
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 5.06 $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 -5.06 $-143,000,000
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - 9,800,000 $5,495,337 $5,495,337 0.19 $5,495,337
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - -9,800,000 $-5,495,337 $-5,495,337 -0.19 $-5,495,337
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - 109,400,000 $144,150,317 $144,150,317 5.10 $144,150,317
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - -109,400,000 $-144,150,317 $-144,150,317 -5.10 $-144,150,317
PARENT OIS REC FIX GBP 3.5513% PAY SONIO/N 06Nov27 CME_US, 3.55%, 11/06/27 - - - 55,600,000 $73,261,039 $73,261,039 2.59 $73,261,039
PARENT OIS REC FIX GBP 3.5513% PAY SONIO/N 06Nov27 CME_US, 3.55%, 11/06/27 - - - -55,600,000 $-73,261,039 $-73,261,039 -2.59 $-73,261,039
PARENT OIS PAY FIX USD 3.365% REC SOFRRATE 21Nov27 CME_US, 3.36%, 11/21/27 - - - 144,900,000 $144,900,000 $144,900,000 5.12 $144,900,000
PARENT OIS PAY FIX USD 3.365% REC SOFRRATE 21Nov27 CME_US, 3.36%, 11/21/27 - - - -144,900,000 $-144,900,000 $-144,900,000 -5.12 $-144,900,000
European Option Expiring on 21/01/2026 to Buy Prot, 1.00%, 01/21/26 - XXCZU6 UCAXXCZU6 $1.00 524,900,000 $-524,900,000 $299,287 0.01 $299,287
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 557.00 $134,327,512 $0 0.00 $0
3 MONTH SOFR FUT Dec27 DEC 27 SFRZ7 FUTURES_USD - -557.00 $-135,023,762 $0 0.00 $0
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 $-95,094 0.00 $-95,094
FX Forward|AUD|01/16/2026 +AUD2 - - -307,605,000 $-198,380,565 $-198,380,565 -7.01 $-198,380,565
FX Forward|USD|01/16/2026 +AUD2 - - 202,961,778 $202,961,778 $202,961,778 7.18 $202,961,778
FX Forward|AUD|01/16/2026 +AUD0 - - -307,645,000 $-198,406,361 $-198,406,361 -7.01 $-198,406,361
FX Forward|USD|01/16/2026 +AUD0 - - 202,800,507 $202,800,507 $202,800,507 7.17 $202,800,507
FX Forward|CAD|01/16/2026 +CADU - - -99,540,000 $-70,744,214 $-70,744,214 -2.50 $-70,744,214
FX Forward|USD|01/16/2026 +CADU - - 71,662,551 $71,662,551 $71,662,551 2.53 $71,662,551
FX Forward|EUR|01/16/2026 +EUR0 - - -12,410,000 $-14,389,228 $-14,389,228 -0.51 $-14,389,228
FX Forward|USD|01/16/2026 +EUR0 - - 14,478,933 $14,478,933 $14,478,933 0.51 $14,478,933
FX Forward|GBP|01/16/2026 +GBP1 - - -10,460,000 $-13,782,381 $-13,782,381 -0.49 $-13,782,381
FX Forward|USD|01/16/2026 +GBP1 - - 14,005,187 $14,005,187 $14,005,187 0.50 $14,005,187
FX Forward|NZD|01/16/2026 +NZD2 - - -2,400,000 $-1,348,818 $-1,348,818 -0.05 $-1,348,818
FX Forward|USD|01/16/2026 +NZD2 - - 1,391,889 $1,391,889 $1,391,889 0.05 $1,391,889
FX Forward|AUD|01/16/2026 +AUDU - - 12,000,000 $7,739,038 $7,739,038 0.27 $7,739,038
FX Forward|USD|01/16/2026 +AUDU - - -7,829,449 $-7,829,449 $-7,829,449 -0.28 $-7,829,449
FX Forward|AUD|01/16/2026 +AUDU - - 27,000,000 $17,412,835 $17,412,835 0.62 $17,412,835
FX Forward|USD|01/16/2026 +AUDU - - -17,514,962 $-17,514,962 $-17,514,962 -0.62 $-17,514,962
FX Forward|AUD|01/16/2026 +AUDU - - 10,000,000 $6,449,198 $6,449,198 0.23 $6,449,198
FX Forward|USD|01/16/2026 +AUDU - - -6,500,666 $-6,500,666 $-6,500,666 -0.23 $-6,500,666
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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