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 08/29/2025)

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 $44,295,168 $44,295,168 1.61 $44,013,224
Citigroup Inc. 5.61% 29-SEP-2026, 5.61%, 09/29/26 C 172967NX5 - - 35,000,000 $35,854,011 $35,854,011 1.31 $35,024,978
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,531,089 $34,531,089 1.26 $33,727,966
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,569,850 $27,569,850 1.01 $27,569,850
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,344,467 $26,344,467 0.96 $26,146,139
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $26,142,405 $26,142,405 0.95 $25,709,395
Bank Australia Limited FRN 21-FEB-2028, 5.84%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,438,826 $25,438,826 0.92 $25,394,782
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,273,203 $25,273,203 0.92 $25,146,770
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,780,830 $23,780,830 0.86 $23,682,389
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,465,776 $23,465,776 0.85 $23,150,437
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 $23,417,838 $23,417,838 0.85 $23,398,695
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,338,284 $23,338,284 0.85 $23,175,443
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,238,273 $23,238,273 0.84 $22,947,125
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,965,203 $22,965,203 0.83 $22,771,947
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 22,400,000 $22,849,782 $22,849,782 0.83 $22,829,435
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,008,373 $22,008,373 0.80 $21,860,419
BX Trust 2025-ROIC A 5.50693% 15-FEB-2042, 5.51%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,936,827 $20,936,827 0.76 $20,882,581
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,728,423 $20,728,423 0.75 $20,250,422
Amgen Inc. 5.507% 02-MAR-2026, 5.51%, 03/02/26 AMGN 031162DN7 - - 20,025,000 $20,575,388 $20,575,388 0.75 $20,027,063
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,545,276 $20,545,276 0.74 $20,244,743
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $19,908,521 $19,908,521 0.72 $19,753,608
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,783,067 $19,783,067 0.72 $19,420,677
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,604,498 $19,604,498 0.71 $19,217,990
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,573,070 $19,573,070 0.71 $19,192,410
NOW Trust 2024-1 A 4.9624% 14-JUN-2032, 4.96%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 29,197,963 $19,267,569 $19,267,569 0.70 $19,220,803
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,951,202 $18,951,202 0.69 $18,817,332
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,695,149 $17,695,149 0.64 $17,634,154
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,690,486 $17,690,486 0.64 $17,338,938
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,643,981 $17,643,981 0.64 $17,613,461
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,562,249 $17,562,249 0.64 $17,290,950
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,509,879 $17,509,879 0.63 $17,085,550
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,486,889 $17,486,889 0.63 $17,188,299
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,425,682 $17,425,682 0.63 $17,369,804
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,422,557 $17,422,557 0.63 $17,075,677
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $16,989,878 $16,989,878 0.62 $16,882,773
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,892,000 $16,892,000 0.61 $16,675,283
Morgan Stanley 6.138% 16-OCT-2026, 6.14%, 10/16/26 MS 61747YEX9 - - 16,250,000 $16,653,534 $16,653,534 0.60 $16,279,500
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,511,278 $16,511,278 0.60 $16,422,954
DBS Group Holdings Ltd 5.479% 12-SEP-2025, 5.48%, 09/12/25 DBSSP 24023KAJ7 - - 15,800,000 $16,210,662 $16,210,662 0.59 $15,804,273
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $16,140,859 $16,140,859 0.58 $15,831,437
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $15,953,948 $15,953,948 0.58 $15,921,710
NOW Trust 2025-1 A 4.7124% 14-FEB-2034, 4.71%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 24,151,719 $15,875,399 $15,875,399 0.58 $15,838,664
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,524,401 $15,524,401 0.56 $15,120,309
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,491,082 $15,491,082 0.56 $15,275,424
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,440,554 $15,440,554 0.56 $15,149,564
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,252,131 $15,252,131 0.55 $14,972,141
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,218,326 $15,218,326 0.55 $15,073,242
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $15,132,271 $15,132,271 0.55 $14,742,269
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $14,989,248 $14,989,248 0.54 $14,856,255
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 $14,885,389 $14,885,389 0.54 $14,868,532
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,786,211 $14,786,211 0.54 $14,712,754
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,729,417 $14,729,417 0.53 $14,460,877
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,654,177 $14,654,177 0.53 $14,413,888
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,527,371 $14,527,371 0.53 $14,258,037
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,373,791 $14,373,791 0.52 $14,074,232
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,337,630 $14,337,630 0.52 $14,016,425
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,986,205 $13,986,205 0.51 $13,626,636
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $13,901,003 $13,901,003 0.50 $13,697,723
RAF ABS Series 2025-1 A 4.62% 09-DEC-2031, 4.51%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 21,030,000 $13,785,616 $13,785,616 0.50 $13,766,923
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,766,534 $13,766,534 0.50 $13,693,716
Newcastle Greater Mutual Group Ltd FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,700,627 $13,700,627 0.50 $13,663,466
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,660,031 $13,660,031 0.49 $13,429,031
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,582,018 $13,582,018 0.49 $13,282,956
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,571,315 $13,571,315 0.49 $13,450,792
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,298,090 $13,298,090 0.48 $12,970,218
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,196,392 $13,196,392 0.48 $12,954,172
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,170,593 $13,170,593 0.48 $12,959,472
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,114,173 $13,114,173 0.48 $12,978,990
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,113,440 $13,113,440 0.48 $12,877,082
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $13,102,156 $13,102,156 0.47 $12,878,811
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,053,913 $13,053,913 0.47 $13,031,802
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $13,047,435 $13,047,435 0.47 $12,716,218
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,034,137 $13,034,137 0.47 $13,015,587
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,009,347 $13,009,347 0.47 $12,912,778
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $12,922,491 $12,922,491 0.47 $12,861,641
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,636,752 $12,636,752 0.46 $12,622,116
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $12,268,834 $12,268,834 0.44 $11,987,715
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,253,075 $12,253,075 0.44 $12,204,137
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,222,342 $12,222,342 0.44 $12,149,211
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,161,586 $12,161,586 0.44 $12,101,806
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $12,075,033 $12,075,033 0.44 $11,820,350
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $11,969,349 $11,969,349 0.43 $11,759,296
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $11,925,309 $11,925,309 0.43 $11,870,876
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,899,596 $11,899,596 0.43 $11,717,245
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,542,775 $11,804,410 $11,804,410 0.43 $11,744,494
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,794,156 $11,794,156 0.43 $11,591,290
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,726,437 $11,726,437 0.42 $11,679,049
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,654,507 $11,654,507 0.42 $11,623,596
Suncorp Group Limited FRN 01-JUN-2037, 6.00%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,591,790 $11,591,790 0.42 $11,423,251
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,545,320 $11,545,320 0.42 $11,396,764
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,507,929 $11,507,929 0.42 $11,488,824
NRTH 2024-PARK Mortgage Trust A 6.0044% 15-MAR-2039, 6.00%, 03/15/41 NRTH 2024-PARK 67021HAA4 - - 11,400,000 $11,427,266 $11,427,266 0.41 $11,394,943
Kiwibank Limited FRN 23-SEP-2025, 4.82%, 09/23/25 KIWI Q5S26ZAL7 - - 17,230,000 $11,384,057 $11,384,057 0.41 $11,279,883
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,175,234 $11,175,234 0.40 $11,093,559
Plenti PL & Green ABS Trust 2024-2 A1 4.7775% 11-APR-2036, 4.78%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 16,660,784 $10,953,131 $10,953,131 0.40 $10,923,157
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,915,805 $10,915,805 0.40 $10,900,581
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.96%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,761,090 $10,761,090 0.39 $10,660,526
Connecticut Avenue Securities Trust 2024-R06 1M2 5.94839% 25-SEP-2044, 5.95%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,712,584 $10,712,584 0.39 $10,700,239
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,633,461 $10,633,461 0.39 $10,554,758
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 $10,580,375 $10,580,375 0.38 $10,568,989
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 $10,505,091 $10,505,091 0.38 $10,487,786
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,472,403 $10,472,403 0.38 $10,284,134
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 10,403,671 $10,453,704 $10,453,704 0.38 $10,445,207
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,418,999 $10,418,999 0.38 $10,185,420
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,343,683 $10,343,683 0.37 $10,228,644
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,267,386 $10,267,386 0.37 $10,198,327
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,187,478 $10,187,478 0.37 $10,090,117
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,036,115 $10,036,115 0.36 $9,837,694
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,888,130 $9,888,130 0.36 $9,742,574
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,790,020 $9,823,548 $9,823,548 0.36 $9,779,322
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,743,795 $9,743,795 0.35 $9,607,160
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,734,597 $9,734,597 0.35 $9,722,396
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 $9,662,970 $9,662,970 0.35 $9,635,821
Westpac Banking Corporation FRN 10-JUL-2034, 5.79%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,563,933 $9,563,933 0.35 $9,485,257
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,500,664 $9,500,664 0.34 $9,423,939
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 $9,431,527 $9,431,527 0.34 $9,421,461
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 $9,278,913 $9,278,913 0.34 $9,268,834
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $9,232,321 $9,232,321 0.33 $9,050,012
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,226,677 $9,226,677 0.33 $9,165,152
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,137,985 $9,137,985 0.33 $8,970,751
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 $9,068,716 $9,068,716 0.33 $9,051,899
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,022,930 $9,022,930 0.33 $8,935,734
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $8,970,266 $8,970,266 0.32 $8,950,090
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,961,085 $8,961,085 0.32 $8,807,085
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 $8,820,346 $8,820,346 0.32 $8,807,043
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,623,434 $8,623,434 0.31 $8,558,156
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,583,781 $8,583,781 0.31 $8,568,075
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.05%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 12,917,017 $8,515,644 $8,515,644 0.31 $8,491,092
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 $8,445,193 $8,445,193 0.31 $8,436,338
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,331,758 $8,331,758 0.30 $8,185,966
Commonwealth Bank of Australia FRN 10-SEP-2030, 5.91%, 09/10/30 CBAAU AU3FN0055992 - - 12,500,000 $8,293,102 $8,293,102 0.30 $8,183,152
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,250,425 $8,250,425 0.30 $8,060,896
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,233,340 $8,233,340 0.30 $8,209,929
Macquarie Bank Limited FRN 01-MAR-2034, 6.07%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,224,153 $8,224,153 0.30 $8,104,833
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,210,202 $8,210,202 0.30 $8,049,260
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,203,926 $8,203,926 0.30 $8,197,089
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,050,603 $8,050,603 0.29 $7,993,076
LSEG US FIN Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,965,772 $7,965,772 0.29 $7,805,719
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,918,797 $7,918,797 0.29 $7,905,464
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,799,343 $7,799,343 0.28 $7,721,353
Westpac Banking Corporation FRN 29-JAN-2031, 5.44%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,787,838 $7,787,838 0.28 $7,748,683
Connecticut Avenue Securities Trust 2025-R03 2M1 5.94839% 25-MAR-2045, 5.95%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,595,851 $7,638,820 $7,638,820 0.28 $7,630,034
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,629,571 $7,629,571 0.28 $7,591,892
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.55%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,486,265 $7,544,525 $7,544,525 0.27 $7,503,648
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,518,135 $7,518,135 0.27 $7,436,319
Cargill, Incorporated 4.875% 10-OCT-2025, 4.88%, 10/10/25 CARGIL 141781BY9 - - 7,375,000 $7,517,921 $7,517,921 0.27 $7,377,104
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,394,027 $7,394,027 0.27 $7,375,095
Metro Finance 2024-1 Trust|4.815|09/17/2030, 4.82%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 11,185,550 $7,367,101 $7,367,101 0.27 $7,353,580
Taco Bell Funding Series 2016-1 A2III 4.97% 25-MAY-2046, 4.97%, 05/25/46 BELL 2016-1A 87342RAC8 - - 7,261,763 $7,271,428 $7,271,428 0.26 $7,265,413
RESIMAC Bastille Trust 2024-1NC A2 4.9175% 13-SEP-2055, 4.92%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 11,000,574 $7,260,617 $7,260,617 0.26 $7,242,187
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,235,782 $7,235,782 0.26 $7,117,132
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,171,963 $7,171,963 0.26 $7,073,088
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 $7,134,640 $7,134,640 0.26 $7,127,158
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 $7,078,359 $7,078,359 0.26 $7,070,736
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $7,072,178 $7,072,178 0.26 $6,920,939
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $7,035,828 $7,035,828 0.25 $6,892,104
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,955,738 $6,955,738 0.25 $6,925,398
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,799,548 $6,799,548 0.25 $6,677,448
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,793,822 $6,793,822 0.25 $6,767,547
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,763,238 $6,763,238 0.24 $6,631,332
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,754,332 $6,754,332 0.24 $6,644,245
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,745,358 $6,745,358 0.24 $6,724,350
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,618,633 $6,618,633 0.24 $6,611,383
Plenti PL & Green ABS Trust 2025-1 A1G 4.7975% 11-NOV-2036, 4.80%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 9,981,390 $6,565,026 $6,565,026 0.24 $6,546,994
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,500,000 $6,540,176 $6,540,176 0.24 $6,525,832
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,510,215 $6,510,215 0.24 $6,475,908
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,501,738 $6,501,738 0.24 $6,357,327
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,480,444 $6,480,444 0.23 $6,437,219
Westpac Banking Corporation FRN 03-APR-2034, 6.01%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,406,697 $6,406,697 0.23 $6,345,292
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,405,382 $6,405,382 0.23 $6,351,430
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,367,761 $6,367,761 0.23 $6,352,563
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,257,432 $6,257,432 0.23 $6,225,910
Connecticut Avenue Securities Trust 2025-R01 1M2 5.84839% 25-JAN-2045, 5.85%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,223,790 $6,223,790 0.23 $6,216,732
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 5,790,000 $6,193,170 $6,193,170 0.22 $6,036,840
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,971,350 $5,971,350 0.22 $5,911,282
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $5,880,689 $5,880,689 0.21 $5,835,168
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,877,247 $5,877,247 0.21 $5,797,282
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,869,149 $5,869,149 0.21 $5,767,467
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,862,368 $5,862,368 0.21 $5,792,227
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,760,597 $5,760,597 0.21 $5,728,103
Connecticut Avenue Securities, Series 2021-R01 1M2 5.89839% 25-OCT-2041, 5.90%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,723,387 $5,748,985 $5,748,985 0.21 $5,742,421
Insurance Australia Group Limited FRN 15-DEC-2036, 6.56%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,735,422 $5,735,422 0.21 $5,656,930
Plenti PL & Green ABS Trust 2025-1 A1 4.7975% 11-NOV-2036, 4.80%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 8,531,103 $5,611,134 $5,611,134 0.20 $5,595,722
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,583,637 $5,583,637 0.20 $5,555,948
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,532,273 $5,532,273 0.20 $5,504,966
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,526,392 $5,526,392 0.20 $5,418,510
MSD Investment Corp. 6.25% 31-MAY-2030, 6.25%, 05/31/30 MSINTM 55354LAA7 - - 5,250,000 $5,463,672 $5,463,672 0.20 $5,327,864
Bank Australia Limited FRN 24-NOV-2025, 5.07%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,350,730 $5,350,730 0.19 $5,344,804
BX Commercial Mortgage Trust 2024-AIRC A 6.05424% 15-AUG-2041, 6.05%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,274,578 $5,274,578 0.19 $5,259,589
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,174,334 $5,174,334 0.19 $5,087,472
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,144,274 $5,144,274 0.19 $5,138,602
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,140,824 $5,140,824 0.19 $5,037,088
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,130,077 $5,130,077 0.19 $5,077,827
NatWest Group Plc 2.875% 19-SEP-2026, 2.88%, 09/19/26 NWG AR7574981 - - 3,690,000 $5,116,838 $5,116,838 0.19 $4,980,578
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,095,944 $5,095,944 0.18 $5,070,944
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,034,423 $5,034,423 0.18 $5,030,264
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 $4,973,071 $4,973,071 0.18 $4,969,865
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,776,550 $4,776,550 0.17 $4,688,428
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,674,051 $4,674,051 0.17 $4,628,904
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 $4,667,685 $4,667,685 0.17 $4,658,456
Macquarie Bank Limited FRN 17-JUN-2031, 5.66%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,637,509 $4,637,509 0.17 $4,583,634
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,595,211 $4,595,211 0.17 $4,561,454
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,564,493 $4,564,493 0.17 $4,507,718
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,475,274 $4,475,274 0.16 $4,438,683
Liberty Series 2024-1 Auto A 4.8975% 25-MAY-2032, 4.76%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,730,611 $4,427,107 $4,427,107 0.16 $4,423,088
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,418,487 $4,418,487 0.16 $4,393,383
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,106,109 $4,106,109 0.15 $4,096,680
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,096,828 $4,096,828 0.15 $4,011,617
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 $4,055,543 $4,055,543 0.15 $4,050,977
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,708,368 $3,708,368 0.13 $3,631,030
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,706,904 $3,706,904 0.13 $3,651,978
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 $3,689,682 $3,689,682 0.13 $3,667,692
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,664,604 $3,664,604 0.13 $3,650,240
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,512,967 $3,512,967 0.13 $3,468,926
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.91%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,511,652 $3,511,652 0.13 $3,456,909
Connecticut Avenue Securities Trust 2025-R01 1M1 5.44839% 25-JAN-2045, 5.45%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,455,625 $3,461,417 $3,461,417 0.13 $3,457,756
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,315,435 $3,315,435 0.12 $3,245,182
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,291,469 $3,291,469 0.12 $3,270,769
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 $3,264,485 $3,264,485 0.12 $3,260,882
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 - - 3,183,991 $3,261,870 $3,261,870 0.12 $3,239,521
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 3,112,777 $3,147,016 $3,147,016 0.11 $3,140,222
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 $3,124,743 $3,124,743 0.11 $3,120,905
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,092,033 $3,092,033 0.11 $3,065,080
Suncorp Group Limited FRN 01-DEC-2038, 6.36%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,081,134 $3,081,134 0.11 $3,034,469
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,076,578 $3,076,578 0.11 $3,064,026
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.55%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,995,847 $3,002,780 $3,002,780 0.11 $2,999,548
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,936,801 $2,936,801 0.11 $2,905,138
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,933,935 $2,933,935 0.11 $2,897,712
Homeward Opportunities Fund Trust 2025-RRTL2|5.237|09/25/2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,897,132 $2,897,132 0.10 $2,897,132
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 $2,875,948 $2,875,948 0.10 $2,868,815
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 $2,873,051 $2,873,051 0.10 $2,865,735
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,833,860 $2,833,860 0.10 $2,766,256
Connecticut Avenue Securities Trust 2025-R02 1M1 5.50001% 25-FEB-2045, 5.50%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,780,216 $2,785,759 $2,785,759 0.10 $2,782,786
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 $2,732,542 $2,732,542 0.10 $2,729,602
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,683,192 $2,683,192 0.10 $2,682,077
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,397,365 $2,397,365 0.09 $2,377,475
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 $2,337,850 $2,337,850 0.08 $2,332,738
Plenti Auto ABS Trust 2025-1 A 4.68% 12-AUG-2033, 4.68%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,499,691 $2,301,551 $2,301,551 0.08 $2,295,677
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,201,599 $2,265,170 $2,265,170 0.08 $2,248,643
Connecticut Avenue Securities Trust 2024-R02 1M1 5.44839% 25-FEB-2044, 5.45%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,235,062 $2,238,106 $2,238,106 0.08 $2,235,739
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,196,928 $2,196,928 0.08 $2,191,433
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,078,697 $2,078,697 0.08 $2,039,775
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,054,677 $2,054,677 0.07 $2,039,675
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,039,072 $2,039,072 0.07 $2,034,981
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,036,423 $2,036,423 0.07 $2,014,161
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 $2,017,059 $2,017,059 0.07 $2,014,668
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,977,448 $1,977,448 0.07 $1,973,305
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,747,074 $1,747,074 0.06 $1,709,195
Connecticut Avenue Securities Trust 2023-R06 1M1 6.04839% 25-JUL-2043, 6.05%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,705,395 $1,716,581 $1,716,581 0.06 $1,714,576
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,562,444 $1,562,444 0.06 $1,541,955
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 $1,556,560 $1,556,560 0.06 $1,554,699
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,537,470 $1,537,470 0.06 $1,514,023
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 $1,465,742 $1,465,742 0.05 $1,464,547
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,381,108 $1,381,108 0.05 $1,365,369
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.80%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 2,060,000 $1,361,178 $1,361,178 0.05 $1,356,681
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,297,982 $1,297,982 0.05 $1,281,067
General Motors Financial Company, Inc. 6.05% 10-OCT-2025, 6.05%, 10/10/25 GM 37045XDZ6 - - 1,250,000 $1,281,281 $1,281,281 0.05 $1,251,661
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 $1,275,312 $1,275,312 0.05 $1,273,754
Connecticut Avenue Securities Trust 2024-R05 2M1 5.34839% 25-JUL-2044, 5.35%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,224,130 $1,230,673 $1,230,673 0.04 $1,223,760
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,192,975 $1,192,975 0.04 $1,186,298
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,106,615 $1,106,615 0.04 $1,102,964
General Motors Financial Company, Inc. 1.55% 02-SEP-2025, 1.55%, 09/02/25 GM BR1269116 - - 1,590,000 $1,048,745 $1,048,745 0.04 $1,040,658
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $1,004,425 $1,004,425 0.04 $983,615
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $922,158 $922,158 0.03 $919,720
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $858,911 $858,911 0.03 $858,274
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 $734,675 $734,675 0.03 $733,911
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $683,582 $683,582 0.02 $677,907
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $673,564 $673,564 0.02 $662,212
Australian Central Credit Union Ltd. FRN 16-SEP-2031, 6.51%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $665,125 $665,125 0.02 $656,131
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $662,578 $662,578 0.02 $651,628
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $661,389 $661,389 0.02 $656,380
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.53%, 10/14/31 BENAU BR8160425 - - 800,000 $528,744 $528,744 0.02 $524,858
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $367,835 $367,835 0.01 $364,362
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $99,526 $99,526 0.00 $98,149
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $98,738 $98,738 0.00 $98,650
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 $35,012 $35,012 0.00 $34,924
AUST 3YR BOND FUT Sep25 SEP 25 YMU5 AU03Y 28U - 595.00 $41,796,043 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,985,469 $0 0.00 $0
EURO-SCHATZ FUT Sep25 SEP 25 DUU5 FUTURES_EUR - 332.00 $41,603,952 $0 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,766,719 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -2,305 $-480,682,538 $0 0.00 $0
GLOBAL PAYMENTS INC 0% 09/02/2025, 0.00%, 09/02/25 GPN 37961CW24 - - 72,500,000 $72,460,850 $72,460,850 2.62 $72,460,850
AUTONATION INC 0% 09/03/2025, 0.00%, 09/03/25 AUTONA 05330LW33 - - 57,150,000 $57,142,460 $57,142,460 2.07 $57,142,460
AUTONATION INC 0% 09/02/2025, 0.00%, 09/02/25 AUTONA 05330LW25 - - 50,350,000 $50,321,995 $50,321,995 1.82 $50,321,995
VW CREDIT INC 0% 09/02/2025, 0.00%, 09/02/25 VCINEW 91842JW21 - - 23,300,000 $23,288,166 $23,288,166 0.84 $23,288,166
SAN DIEGO GAS & ELECTRIC CO 0% 09/02/2025, 0.00%, 09/02/25 SDOPP 79744JW25 - - 23,300,000 $23,287,896 $23,287,896 0.84 $23,287,896
SAN DIEGO GAS & ELECTRIC CO 0% 09/03/2025, 0.00%, 09/03/25 SDOPP 79744JW33 - - 10,900,000 $10,898,662 $10,898,662 0.39 $10,898,662
SEGREGATED CASH SEGCASH - $0.00 9,315,721 $9,315,721 $9,315,721 0.34 $9,315,721
AUSTRALIAN DOLLARS AUD - - 9,322,708 $6,101,728 $6,101,728 0.22 $6,101,728
CONAGRA BRANDS INC 0% 09/02/2025, 0.00%, 09/02/25 CAGPP 20600GW28 - - 5,700,000 $5,697,022 $5,697,022 0.21 $5,697,022
NEW ZEALAND DOLLAR NZD - - 6,902,868 $4,073,041 $4,073,041 0.15 $4,073,041
BRITISH POUND GBP - - 2,175,583 $2,939,302 $2,939,302 0.11 $2,939,302
CANADIAN DOLLAR CAD - - 1,627,455 $1,185,371 $1,185,371 0.04 $1,185,371
EURO EUR - - 1,000,519 $1,171,102 $1,171,102 0.04 $1,171,102
US DOLLARS USD MD_142224 - - -79,068,783 $-79,068,783 $-79,068,783 -2.86 $-79,068,783
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.97 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.97 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $48,540,510 $48,540,510 1.76 $48,540,510
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-48,540,510 $-48,540,510 -1.76 $-48,540,510
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $44,472,111 $44,472,111 1.61 $44,472,111
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-44,472,111 $-44,472,111 -1.61 $-44,472,111
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $62,869,888 $62,869,888 2.28 $62,869,888
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-62,869,888 $-62,869,888 -2.28 $-62,869,888
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $55,464,753 $55,464,753 2.01 $55,464,753
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-55,464,753 $-55,464,753 -2.01 $-55,464,753
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $19,412,664 $19,412,664 0.70 $19,412,664
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-19,412,664 $-19,412,664 -0.70 $-19,412,664
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 5.18 $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 -5.18 $-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 $1,007,619 0.04 $1,007,619
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 $-352,612 -0.01 $-352,612
FX Forward|AUD|10/10/2025 +AUDU - - -323,064,500 $-211,591,848 $-211,591,848 -7.66 $-211,591,848
FX Forward|USD|10/10/2025 +AUDU - - 210,783,433 $210,783,433 $210,783,433 7.64 $210,783,433
FX Forward|EUR|10/10/2025 +EUR1 - - -12,260,000 $-14,388,253 $-14,388,253 -0.52 $-14,388,253
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 $-1,288,218 $-1,288,218 -0.05 $-1,288,218
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 $-51,212,953 $-51,212,953 -1.86 $-51,212,953
FX Forward|USD|10/10/2025 +CADU - - 51,513,917 $51,513,917 $51,513,917 1.87 $51,513,917
FX Forward|AUD|10/10/2025 +AUD1 - - -323,284,000 $-211,735,611 $-211,735,611 -7.67 $-211,735,611
FX Forward|USD|10/10/2025 +AUD1 - - 210,883,972 $210,883,972 $210,883,972 7.64 $210,883,972
FX Forward|GBP|10/10/2025 +GBPU - - -11,241,000 $-15,191,984 $-15,191,984 -0.55 $-15,191,984
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 $-9,232,227 $-9,232,227 -0.33 $-9,232,227
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 $-6,549,523 $-6,549,523 -0.24 $-6,549,523
FX Forward|USD|10/10/2025 +AUDU - - 6,520,698 $6,520,698 $6,520,698 0.24 $6,520,698
FX Forward|AUD|10/10/2025 +AUD1 - - 17,000,000 $11,134,190 $11,134,190 0.40 $11,134,190
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 $-11,677,125 $-11,677,125 -0.42 $-11,677,125
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 - - - -13,800,000 $-9,038,342 $-9,038,342 -0.33 $-9,038,342
FX Forward|USD|10/10/2025 - - - 9,013,027 $9,013,027 $9,013,027 0.33 $9,013,027
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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