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 11/04/2025)

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 $44,660,804 $44,660,804 1.62 $43,994,938
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $33,929,031 $33,929,031 1.23 $33,697,456
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,549,239 $27,549,239 1.00 $27,428,800
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,898,394 $26,898,394 0.97 $26,424,133
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $25,708,897 $25,708,897 0.93 $25,692,113
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,524,975 $25,524,975 0.92 $25,252,203
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,476,995 $25,476,995 0.92 $25,131,867
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,982,229 $23,982,229 0.87 $23,680,555
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,620,765 $23,620,765 0.85 $23,115,031
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 $23,444,813 $23,444,813 0.85 $23,221,470
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,409,938 $23,409,938 0.85 $22,882,923
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,195,028 $23,195,028 0.84 $22,814,193
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $23,004,846 $23,004,846 0.83 $22,936,133
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,221,630 $22,221,630 0.80 $21,880,429
BX Trust 2025-ROIC A 5.176% 15-FEB-2042, 5.18%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,948,387 $20,948,387 0.76 $20,883,720
Toyota Motor Credit Corporation FRN 05-SEP-2028, 4.98%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,922,376 $20,922,376 0.76 $20,748,700
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,634,733 $20,634,733 0.75 $20,162,466
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,264,470 $20,264,470 0.73 $20,194,175
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $19,907,597 $19,907,597 0.72 $19,553,640
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,579,768 $19,579,768 0.71 $19,469,098
Air Lease Corporation 5.1% 01-MAR-2029, 5.10%, 03/01/29 AL 00914AAV4 - - 19,000,000 $19,439,353 $19,439,353 0.70 $19,267,087
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,405,784 $19,405,784 0.70 $19,270,438
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,288,947 $19,288,947 0.70 $19,201,339
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,926,320 $18,926,320 0.68 $18,710,210
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 18,132,000 $18,900,620 $18,900,620 0.68 $18,726,553
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,853,905 $17,853,905 0.64 $17,674,617
NOW Trust 2024-1 A 4.9025% 14-JUN-2032, 4.90%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 27,195,412 $17,853,226 $17,853,226 0.64 $17,800,975
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,815,798 $17,815,798 0.64 $17,622,504
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,735,237 $17,735,237 0.64 $17,292,026
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,553,931 $17,553,931 0.63 $17,382,692
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,324,215 $17,324,215 0.63 $17,312,496
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,220,695 $17,220,695 0.62 $17,192,702
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,202,278 $17,202,278 0.62 $17,097,796
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,181,643 $17,181,643 0.62 $17,053,833
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,116,591 $17,116,591 0.62 $16,932,466
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,465,502 $16,465,502 0.59 $16,433,188
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,373,721 $16,373,721 0.59 $16,324,651
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $15,970,617 $15,970,617 0.58 $15,789,901
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $15,846,419 $15,846,419 0.57 $15,815,237
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,589,484 $15,589,484 0.56 $15,251,685
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,349,870 $15,349,870 0.55 $15,082,610
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,248,455 $15,248,455 0.55 $15,106,232
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,225,738 $15,225,738 0.55 $15,158,290
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,073,217 $15,073,217 0.54 $14,998,790
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $14,972,590 $14,972,590 0.54 $14,935,418
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,908,947 $14,908,947 0.54 $14,708,430
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,882,029 $14,882,029 0.54 $14,759,721
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,646,571 $14,646,571 0.53 $14,204,863
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.68279% 25-OCT-2041, 5.68%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 14,144,048 $14,610,332 $14,610,332 0.53 $14,191,422
NOW Trust 2025-1 A 4.6525% 14-FEB-2034, 4.65%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 22,287,541 $14,570,409 $14,570,409 0.53 $14,529,771
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,507,155 $14,507,155 0.52 $14,454,939
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,453,979 $14,453,979 0.52 $13,947,574
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,439,799 $14,439,799 0.52 $14,411,858
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,428,055 $14,428,055 0.52 $14,329,997
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,144,785 $14,144,785 0.51 $14,069,412
Enel Finance International NV 4.125% 30-SEP-2028, 4.12%, 09/30/28 ENELIM 29278GBF4 - - 14,000,000 $14,017,348 $14,017,348 0.51 $13,961,202
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $14,015,996 $14,015,996 0.51 $13,668,161
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.20%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $13,969,738 $13,969,738 0.50 $13,868,156
Wells Fargo & Company FRN 15-SEP-2029, 5.12%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,925,544 $13,925,544 0.50 $13,825,528
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,883,307 $13,883,307 0.50 $13,690,993
Truist Bank Auto Credit Linked Notes, Series 2025-1 B 4.728% 25-SEP-2033, 4.73%, 09/26/33 TACLN 2025-1 897926CB5 - - 13,808,187 $13,838,323 $13,838,323 0.50 $13,820,188
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,803,587 $13,803,587 0.50 $13,431,787
Newcastle Greater Mutual Group Ltd. FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,780,884 $13,780,884 0.50 $13,610,655
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,752,043 $13,752,043 0.50 $13,624,780
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,748,407 $13,748,407 0.50 $13,526,390
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,338,554 $13,338,554 0.48 $13,270,767
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,223,186 $13,223,186 0.48 $12,850,549
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,155,435 $13,155,435 0.47 $13,087,674
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,133,233 $13,133,233 0.47 $13,040,483
RAF ABS Series 2025-1 A 4.4765% 09-DEC-2031, 4.48%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 20,105,146 $13,121,580 $13,121,580 0.47 $13,078,293
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,117,935 $13,117,935 0.47 $12,911,002
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,067,213 $13,067,213 0.47 $12,950,636
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $13,038,464 $13,038,464 0.47 $12,847,802
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $12,979,302 $12,979,302 0.47 $12,709,639
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $12,958,015 $12,958,015 0.47 $12,941,260
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $12,940,692 $12,940,692 0.47 $12,936,587
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $12,882,879 $12,882,879 0.47 $12,861,941
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $12,790,210 $12,790,210 0.46 $12,699,126
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,677,020 $12,677,020 0.46 $12,527,471
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,357,188 $12,357,188 0.45 $12,196,393
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,317,376 $12,317,376 0.44 $12,144,661
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,264,089 $12,264,089 0.44 $12,108,661
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $12,080,476 $12,080,476 0.44 $11,751,454
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $12,011,550 $12,011,550 0.43 $11,881,383
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,896,215 $11,896,215 0.43 $11,578,451
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $11,889,707 $11,889,707 0.43 $11,810,876
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,869,167 $11,869,167 0.43 $11,577,969
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,513,700 $11,865,431 $11,865,431 0.43 $11,652,766
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,771,364 $11,771,364 0.42 $11,616,813
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,601,458 $11,601,458 0.42 $11,537,066
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,573,013 $11,573,013 0.42 $11,429,950
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,494,595 $11,494,595 0.42 $11,377,796
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,389,040 $11,389,040 0.41 $11,141,898
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,263,557 $11,263,557 0.41 $11,085,082
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,961,455 $10,961,455 0.40 $10,848,030
Connecticut Avenue Securities Trust 2024-R06 1M2 5.78279% 25-SEP-2044, 5.78%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,696,245 $10,696,245 0.39 $10,680,815
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.85%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,650,160 $10,650,160 0.38 $10,590,239
NRTH Commercial Mortgage Trust 2025-PARK A 5.54327% 15-OCT-2040, 5.54%, 10/15/40 NRTH 2025-PARK 669985AA1 - - 10,500,000 $10,536,728 $10,536,728 0.38 $10,502,776
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,460,166 $10,460,166 0.38 $10,324,770
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,418,363 $10,418,363 0.38 $10,206,448
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,355,840 $10,355,840 0.37 $10,188,563
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,335,967 $10,335,967 0.37 $10,299,360
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,272,222 $10,272,222 0.37 $10,080,450
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,224,869 $10,224,869 0.37 $10,170,728
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,129,950 $10,129,950 0.37 $9,820,135
Plenti PL & Green ABS Trust 2024-2 A1 4.6875% 11-APR-2036, 4.69%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 15,246,256 $9,971,304 $9,971,304 0.36 $9,942,023
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,824,243 $9,824,243 0.35 $9,609,531
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,804,942 $9,804,942 0.35 $9,695,127
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,779,636 $9,779,636 0.35 $9,749,727
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,765,360 $9,726,865 $9,726,865 0.35 $9,719,750
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 $9,617,230 $9,617,230 0.35 $9,609,688
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 9,472,550 $9,583,055 $9,583,055 0.35 $9,561,576
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,571,298 $9,571,298 0.35 $9,412,733
Westpac Banking Corporation FRN 10-JUL-2034, 5.26%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,507,464 $9,507,464 0.34 $9,472,649
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.38279% 25-MAY-2045, 5.38%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 9,292,758 $9,315,643 $9,315,643 0.34 $9,303,138
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,302,111 $9,302,111 0.34 $9,154,986
Athene Global Funding 2.5% 24-MAR-2028, 2.50%, 03/24/28 ATH 04685A2V2 - - 9,677,000 $9,275,423 $9,275,423 0.33 $9,247,870
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,031,912 $9,031,912 0.33 $8,989,031
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $8,998,673 $8,998,673 0.32 $8,840,962
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $8,975,731 $8,975,731 0.32 $8,879,054
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $8,847,397 $8,847,397 0.32 $8,807,424
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,828,484 $8,828,484 0.32 $8,805,837
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,701,381 $8,701,381 0.31 $8,545,281
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,647,708 $8,647,708 0.31 $8,569,177
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.33279% 25-FEB-2045, 5.33%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 8,589,942 $8,608,877 $8,608,877 0.31 $8,597,425
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 8,527,249 $8,572,136 $8,572,136 0.31 $8,560,529
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,285,515 $8,285,515 0.30 $8,205,747
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 8,193,964 $8,248,650 $8,248,650 0.30 $8,231,726
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 8,114,611 $8,246,993 $8,246,993 0.30 $8,226,190
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,201,409 $8,201,409 0.30 $8,179,969
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,193,146 $8,193,146 0.30 $8,094,300
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,189,742 $8,189,742 0.30 $8,114,329
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,121,396 $8,121,396 0.29 $7,988,731
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.43279% 25-MAR-2044, 5.43%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 8,079,062 $8,099,566 $8,099,566 0.29 $8,088,593
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,096,660 $8,096,660 0.29 $8,043,086
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,058,277 $8,058,277 0.29 $8,042,058
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,042,718 $8,042,718 0.29 $8,033,397
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,990,420 $7,990,420 0.29 $7,923,753
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,864,574 $7,864,574 0.28 $7,709,794
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,845,951 $7,845,951 0.28 $7,807,246
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,825,034 $7,825,034 0.28 $7,768,019
CREDABL ABS 2024-1 TRUST FL 2045 A, 4.96%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 11,803,636 $7,733,956 $7,733,956 0.28 $7,709,981
Westpac Banking Corporation FRN 29-JAN-2031, 5.11%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,694,828 $7,694,828 0.28 $7,687,313
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,691,923 $7,691,923 0.28 $7,589,068
Vistra Operations Co. LLC 4.3% 15-OCT-2028, 4.30%, 10/15/28 VST 92840VAX0 - - 7,690,000 $7,683,634 $7,683,634 0.28 $7,660,670
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,594,277 $7,594,277 0.27 $7,447,816
Connecticut Avenue Securities Trust 2024-R01 1M1 5.23279% 25-JAN-2044, 5.23%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 7,574,618 $7,586,207 $7,586,207 0.27 $7,576,298
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,436,101 $7,436,101 0.27 $7,341,443
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,300,163 $7,300,163 0.26 $7,114,313
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,217,236 $7,217,236 0.26 $7,062,361
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.38%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,142,056 $7,164,580 $7,164,580 0.26 $7,154,969
Connecticut Avenue Securities Trust 2025-R03 2M1 5.78279% 25-MAR-2045, 5.78%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,050,741 $7,078,342 $7,078,342 0.26 $7,068,149
Hyundai Capital America, Inc. FRN 18-SEP-2028, 5.30%, 09/18/28 HYNMTR 44891AEB9 - - 6,960,000 $7,050,419 $7,050,419 0.25 $7,001,474
Pershing Square Holdings, Ltd. 3.25% 15-NOV-2030, 3.25%, 11/15/30 PSHNA 71531QAD3 - - 7,500,000 $7,047,123 $7,047,123 0.25 $6,932,019
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,037,768 $7,037,768 0.25 $6,965,008
UBS Group AG FRN 23-DEC-2029, 5.06%, 12/23/29 UBS 225401BL1 - - 7,000,000 $7,034,267 $7,034,267 0.25 $6,992,160
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,957,543 $6,957,543 0.25 $6,923,157
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $6,954,954 $6,954,954 0.25 $6,916,175
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $6,936,439 $6,936,439 0.25 $6,896,915
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 5.00%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,866,653 $6,866,653 0.25 $6,814,650
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,825,249 $6,825,249 0.25 $6,725,531
Metro Finance 2024-1 Trust|4.72|09/17/2030, 4.72%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 10,373,154 $6,785,944 $6,785,944 0.25 $6,769,373
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,737,115 $6,737,115 0.24 $6,648,418
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,683,590 $6,683,590 0.24 $6,679,520
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,675,211 $6,675,211 0.24 $6,609,959
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,673,779 $6,673,779 0.24 $6,654,465
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,651,077 $6,651,077 0.24 $6,622,557
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,544,003 $6,544,003 0.24 $6,502,572
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,531,887 $6,531,887 0.24 $6,452,262
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.23279% 25-JAN-2045, 5.23%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 6,487,872 $6,497,673 $6,497,673 0.23 $6,489,186
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,461,936 $6,461,936 0.23 $6,351,380
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,401,168 $6,401,168 0.23 $6,339,851
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,387,292 $6,387,292 0.23 $6,346,929
Westpac Banking Corporation FRN 03-APR-2034, 5.46%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,360,538 $6,360,538 0.23 $6,330,018
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.55603% 25-AUG-2044, 5.38%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 6,302,478 $6,324,150 $6,324,150 0.23 $6,315,668
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,309,212 $6,309,212 0.23 $6,216,557
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,253,276 $6,307,146 $6,307,146 0.23 $6,289,897
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,218,770 $6,218,770 0.22 $6,147,974
Connecticut Avenue Securities Trust 2025-R01 1M2 5.68279% 25-JAN-2045, 5.68%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,214,594 $6,214,594 0.22 $6,205,779
RESIMAC Bastille Trust 2024-1NC A2 4.8575% 13-SEP-2055, 4.86%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 9,333,102 $6,122,496 $6,122,496 0.22 $6,103,922
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $6,095,353 $6,095,353 0.22 $5,986,499
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $6,026,093 $6,026,093 0.22 $5,928,335
Export-Import Bank of Korea FRN 22-SEP-2028, 4.69%, 09/22/28 EIBKOR 302154EN5 - - 5,902,000 $5,943,524 $5,943,524 0.21 $5,909,850
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,918,272 $5,918,272 0.21 $5,790,581
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,831,070 $5,831,070 0.21 $5,812,535
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,813,882 $5,813,882 0.21 $5,735,174
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,802,586 $5,802,586 0.21 $5,770,697
Plenti PL & Green ABS Trust 2025-1 A1G 4.7075% 11-NOV-2036, 4.71%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 8,756,212 $5,729,193 $5,729,193 0.21 $5,712,305
Insurance Australia Group Limited FRN 15-DEC-2036, 6.03%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,686,486 $5,686,486 0.21 $5,639,646
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,630,991 $5,630,991 0.20 $5,583,391
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,575,420 $5,575,420 0.20 $5,498,181
Gildan Activewear Inc. 4.7% 07-OCT-2030, 4.70%, 10/07/30 GILCN 375916AF0 - - 5,556,000 $5,550,204 $5,550,204 0.20 $5,529,893
Connecticut Avenue Securities, Series 2021-R01 1M2 5.73279% 25-OCT-2041, 5.73%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,217,980 $5,512,523 $5,512,523 0.20 $5,234,170
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,420,606 $5,420,606 0.20 $5,410,492
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,355,367 $5,355,367 0.19 $5,300,714
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,267,812 $5,267,812 0.19 $5,250,309
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,221,913 $5,221,913 0.19 $5,082,608
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,205,712 $5,205,712 0.19 $5,161,755
Repsol E&P Capital Markets US LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,200,232 $5,200,232 0.19 $5,166,550
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,172,154 $5,172,154 0.19 $5,075,904
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,142,424 $5,142,424 0.19 $5,064,091
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,063,910 $5,063,910 0.18 $5,036,966
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,051,807 $5,051,807 0.18 $5,024,084
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 $5,021,717 $5,021,717 0.18 $4,999,861
Plenti PL & Green ABS Trust 2025-1 A1 4.7075% 11-NOV-2036, 4.71%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 7,483,942 $4,894,406 $4,894,406 0.18 $4,879,971
Santander UK Group Holdings plc 4.32% 22-SEP-2029, 4.32%, 09/22/29 SANUK 80281LAX3 - - 4,756,000 $4,770,929 $4,770,929 0.17 $4,746,388
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 $4,714,066 $4,714,066 0.17 $4,667,917
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,710,807 $4,710,807 0.17 $4,627,641
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,704,223 $4,704,223 0.17 $4,683,417
Hyundai Capital America, Inc. 4.25% 18-SEP-2028, 4.25%, 09/18/28 HYNMTR 44891ADZ7 - - 4,640,000 $4,655,403 $4,655,403 0.17 $4,629,657
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,639,375 $4,639,375 0.17 $4,565,609
Macquarie Bank Limited FRN 17-JUN-2031, 5.11%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,588,707 $4,588,707 0.17 $4,557,588
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,476,795 $4,476,795 0.16 $4,379,122
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,456,657 $4,456,657 0.16 $4,395,850
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,455,273 $4,455,273 0.16 $4,374,342
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,134,186 $4,134,186 0.15 $4,089,259
Liberty Series 2024-1 Auto A 4.6425% 25-MAY-2032, 4.64%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,231,348 $4,069,778 $4,069,778 0.15 $4,065,140
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.63279% 25-OCT-2044, 5.63%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,056,978 $4,056,978 0.15 $4,051,275
LSEGA Financing Plc 4.5% 19-OCT-2028, 4.50%, 10/19/28 LSELN YK0862044 - - 3,000,000 $3,952,080 $3,952,080 0.14 $3,943,876
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,698,502 $3,698,502 0.13 $3,645,834
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,659,184 $3,659,184 0.13 $3,655,640
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,648,546 $3,648,546 0.13 $3,629,463
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.28279% 25-DEC-2031, 5.28%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,289,818 $3,501,255 $3,501,255 0.13 $3,293,981
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,487,097 $3,487,097 0.13 $3,456,923
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.36%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,466,898 $3,466,898 0.13 $3,434,055
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,319,406 $3,319,406 0.12 $3,269,906
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,258,213 $3,258,213 0.12 $3,244,163
Connecticut Avenue Securities Trust 2025-R01 1M1 5.28279% 25-JAN-2045, 5.28%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,214,516 $3,221,327 $3,221,327 0.12 $3,217,082
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,113,405 $3,113,405 0.11 $3,061,084
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,101,180 $3,101,180 0.11 $3,068,545
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.53279% 25-FEB-2044, 5.53%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 3,069,009 $3,079,904 $3,079,904 0.11 $3,075,659
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,066,683 $3,066,683 0.11 $3,034,301
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,962,197 $2,962,197 0.11 $2,902,776
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,961,560 $2,961,560 0.11 $2,899,861
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 2,915,473 $2,950,791 $2,950,791 0.11 $2,942,837
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,905,003 $2,905,003 0.10 $2,900,795
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.38%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,808,246 $2,816,958 $2,816,958 0.10 $2,813,179
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,779,035 $2,779,035 0.10 $2,763,712
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,716,857 $2,716,857 0.10 $2,703,850
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,590,236 $2,633,433 $2,633,433 0.10 $2,625,048
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,590,236 $2,633,400 $2,633,400 0.10 $2,625,225
Connecticut Avenue Securities Trust 2025-R02 1M1 5.33279% 25-FEB-2045, 5.33%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,541,789 $2,548,459 $2,548,459 0.09 $2,545,070
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.38279% 25-MAY-2044, 5.38%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,525,861 $2,534,327 $2,534,327 0.09 $2,530,928
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.18279% 25-JUN-2043, 6.18%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 2,509,660 $2,520,922 $2,520,922 0.09 $2,517,043
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,366,932 $2,366,932 0.09 $2,363,946
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,198,845 $2,198,845 0.08 $2,174,710
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,130,193 $2,151,267 $2,151,267 0.08 $2,145,385
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,030,148 $2,086,792 $2,086,792 0.08 $2,080,166
Plenti Auto ABS Trust 2025-1 A 4.6075% 12-AUG-2033, 4.61%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,185,695 $2,084,704 $2,084,704 0.08 $2,078,690
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,055,803 $2,055,803 0.07 $2,051,812
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,039,399 $2,039,399 0.07 $2,018,823
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,030,267 $2,030,267 0.07 $2,023,960
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 5.98279% 25-NOV-2041, 5.98%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,029,824 $2,029,824 0.07 $2,016,573
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,003,325 $2,003,325 0.07 $1,995,670
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,996,315 $1,996,315 0.07 $1,974,500
Connecticut Avenue Securities Trust 2024-R02 1M1 5.28279% 25-FEB-2044, 5.28%, 02/25/44 CAS 2024-R02 20754GAA8 - - 1,961,183 $1,964,536 $1,964,536 0.07 $1,961,946
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,722,291 $1,722,291 0.06 $1,709,958
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,543,617 $1,543,617 0.06 $1,529,237
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,530,201 $1,530,201 0.06 $1,491,137
Connecticut Avenue Securities Trust 2023-R06 1M1 5.88279% 25-JUL-2043, 5.88%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,520,413 $1,527,891 $1,527,891 0.06 $1,525,655
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 $1,483,964 $1,483,964 0.05 $1,475,810
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.03279% 25-NOV-2043, 6.03%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,397,258 $1,407,445 $1,407,445 0.05 $1,405,337
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,360,017 $1,360,017 0.05 $1,355,727
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,309,821 $1,309,821 0.05 $1,281,512
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.71%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,882,438 $1,236,006 $1,236,006 0.04 $1,231,604
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,190,084 $1,190,084 0.04 $1,177,923
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.18279% 25-MAY-2043, 6.18%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,155,358 $1,167,659 $1,167,659 0.04 $1,165,873
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,105,853 $1,105,853 0.04 $1,091,979
Connecticut Avenue Securities Trust 2024-R05 2M1 5.18279% 25-JUL-2044, 5.18%, 07/25/44 CAS 2024-R05 20754XAB9 - - 995,167 $996,291 $996,291 0.04 $995,002
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $985,620 $985,620 0.04 $982,559
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $922,595 $922,595 0.03 $913,028
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $839,186 $839,186 0.03 $835,712
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $682,153 $682,153 0.02 $672,616
Heritage & People's Choice Ltd. FRN 16-SEP-2031, 5.96%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $657,979 $657,979 0.02 $652,670
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $654,356 $654,356 0.02 $651,513
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $651,055 $651,055 0.02 $649,783
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $650,786 $650,786 0.02 $647,221
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.04%, 10/14/31 BENAU BR8160425 - - 800,000 $523,929 $523,929 0.02 $522,349
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.18279% 25-OCT-2044, 5.18%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 480,449 $481,074 $481,074 0.02 $480,452
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $363,885 $363,885 0.01 $363,131
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $98,902 $98,902 0.00 $97,878
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $97,327 $97,327 0.00 $97,220
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,699,336 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - -137.00 $-16,853,218 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,065,822 $0 0.00 $0
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - -1,282 $-88,776,685 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -3,457 $-720,217,338 $0 0.00 $0
HCA INC 0% 11/05/2025, 0.00%, 11/05/25 HCA 40412BY56 - - 67,050,000 $67,042,021 $67,042,021 2.42 $67,042,021
HCA INC 0% 11/06/2025, 0.00%, 11/06/25 HCA 40412BY64 - - 47,300,000 $47,294,482 $47,294,482 1.71 $47,294,482
TARGA RESOURCES CORP 0% 11/05/2025, 0.00%, 11/05/25 TRGP 87613EY58 - - 41,300,000 $41,295,238 $41,295,238 1.49 $41,295,238
AUTONATION INC 0% 11/05/2025, 0.00%, 11/05/25 AUTONA 05330LY56 - - 32,200,000 $32,195,965 $32,195,965 1.16 $32,195,965
AVIATION CAPITAL GROUP LLC 0% 11/05/2025, 0.00%, 11/05/25 AVTNCP 05369BY52 - - 11,200,000 $11,198,752 $11,198,752 0.40 $11,198,752
AUSTRALIAN DOLLARS AUD - - 12,714,416 $8,266,905 $8,266,905 0.30 $8,266,905
SEGREGATED CASH SEGCASH - $0.00 8,197,279 $8,197,279 $8,197,279 0.30 $8,197,279
JABIL INC 0% 11/05/2025, 0.00%, 11/05/25 JBLPP 46652LY50 - - 6,500,000 $6,499,159 $6,499,159 0.23 $6,499,159
NEW ZEALAND DOLLAR NZD - - 8,763,177 $4,966,098 $4,966,098 0.18 $4,966,098
BRITISH POUND GBP - - 2,246,620 $2,931,164 $2,931,164 0.11 $2,931,164
EURO EUR - - 1,186,093 $1,363,059 $1,363,059 0.05 $1,363,059
CANADIAN DOLLAR CAD - - 1,672,907 $1,187,849 $1,187,849 0.04 $1,187,849
US DOLLARS USD MD_142224 - - -60,970,798 $-60,970,798 $-60,970,798 -2.20 $-60,970,798
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 $46,619,631 $46,619,631 1.68 $46,619,631
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-46,619,631 $-46,619,631 -1.68 $-46,619,631
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $42,712,229 $42,712,229 1.54 $42,712,229
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-42,712,229 $-42,712,229 -1.54 $-42,712,229
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $60,381,956 $60,381,956 2.18 $60,381,956
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-60,381,956 $-60,381,956 -2.18 $-60,381,956
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $53,269,863 $53,269,863 1.92 $53,269,863
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-53,269,863 $-53,269,863 -1.92 $-53,269,863
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $18,644,452 $18,644,452 0.67 $18,644,452
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-18,644,452 $-18,644,452 -0.67 $-18,644,452
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 5.16 $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 -5.16 $-143,000,000
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - 9,800,000 $5,553,667 $5,553,667 0.20 $5,553,667
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - -9,800,000 $-5,553,667 $-5,553,667 -0.20 $-5,553,667
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - 109,400,000 $142,734,128 $142,734,128 5.15 $142,734,128
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - -109,400,000 $-142,734,128 $-142,734,128 -5.15 $-142,734,128
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 $567,013 0.02 $567,013
PARENT CDS SWAPTION CDX-NAIGS45V1-5Y 19Nov25 60 PAYER CITI_US_SW @8.75C 60, 1.00%, 11/19/25 - UCAXXD8HR $60.00 155,000,000 $-155,000,000 $61,960 0.00 $61,960
3 MONTH SOFR FUT Dec27 DEC 27 SFRZ7 FUTURES_USD - -557.00 $-134,807,925 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 557.00 $134,285,738 $0 0.00 $0
PARENT CDS SWAPTION CDX-NAIGS45V1-5Y 19Nov25 70 PAYER CITI_US_SW @4.25C 1, 1.00%, 11/19/25 - UCAXXD8HV $1.00 -155,000,000 $155,000,000 $-20,407 0.00 $-20,407
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 $-187,318 -0.01 $-187,318
FX Forward|AUD|01/16/2026 +AUD2 - - -307,605,000 $-200,139,280 $-200,139,280 -7.23 $-200,139,280
FX Forward|USD|01/16/2026 +AUD2 - - 202,961,778 $202,961,778 $202,961,778 7.33 $202,961,778
FX Forward|AUD|01/16/2026 +AUD0 - - -307,645,000 $-200,165,305 $-200,165,305 -7.23 $-200,165,305
FX Forward|USD|01/16/2026 +AUD0 - - 202,800,507 $202,800,507 $202,800,507 7.32 $202,800,507
FX Forward|CAD|01/16/2026 +CADU - - -99,540,000 $-70,938,407 $-70,938,407 -2.56 $-70,938,407
FX Forward|USD|01/16/2026 +CADU - - 71,662,551 $71,662,551 $71,662,551 2.59 $71,662,551
FX Forward|EUR|01/16/2026 +EUR0 - - -12,410,000 $-14,318,851 $-14,318,851 -0.52 $-14,318,851
FX Forward|USD|01/16/2026 +EUR0 - - 14,478,933 $14,478,933 $14,478,933 0.52 $14,478,933
FX Forward|GBP|01/16/2026 +GBP1 - - -10,460,000 $-13,647,205 $-13,647,205 -0.49 $-13,647,205
FX Forward|USD|01/16/2026 +GBP1 - - 14,005,187 $14,005,187 $14,005,187 0.51 $14,005,187
FX Forward|NZD|01/16/2026 +NZD2 - - -2,400,000 $-1,364,328 $-1,364,328 -0.05 $-1,364,328
FX Forward|USD|01/16/2026 +NZD2 - - 1,391,889 $1,391,889 $1,391,889 0.05 $1,391,889
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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