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 11/11/2025)

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 $44,709,026 $44,709,026 1.61 $44,001,168
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $33,956,950 $33,956,950 1.23 $33,690,885
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,461,350 $27,461,350 0.99 $27,461,350
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,955,240 $26,955,240 0.98 $26,450,798
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $25,762,232 $25,762,232 0.93 $25,721,952
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,624,265 $25,624,265 0.92 $25,325,452
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,528,936 $25,528,936 0.91 $25,159,888
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,993,888 $23,993,888 0.86 $23,669,985
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,654,595 $23,654,595 0.85 $23,128,037
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 $23,459,825 $23,459,825 0.84 $23,214,148
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,435,623 $23,435,623 0.84 $22,882,810
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,260,256 $23,260,256 0.83 $22,854,584
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $23,015,647 $23,015,647 0.82 $22,939,418
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,254,958 $22,254,958 0.80 $21,892,620
BX Trust 2025-ROIC A 5.176% 15-FEB-2042, 5.18%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,963,564 $20,963,564 0.75 $20,877,342
Toyota Motor Credit Corporation FRN 05-SEP-2028, 4.88%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,929,343 $20,929,343 0.75 $20,736,784
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,286,841 $20,286,841 0.73 $20,191,944
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,183,311 $20,183,311 0.72 $20,175,261
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $19,975,920 $19,975,920 0.72 $19,599,262
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,599,091 $19,599,091 0.70 $19,473,231
Air Lease Corporation 5.1% 01-MAR-2029, 5.10%, 03/01/29 AL 00914AAV4 - - 19,000,000 $19,477,444 $19,477,444 0.70 $19,286,336
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,435,919 $19,435,919 0.70 $19,285,769
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,336,371 $19,336,371 0.69 $19,230,725
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,992,032 $18,992,032 0.68 $18,766,279
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 18,132,000 $18,920,782 $18,920,782 0.68 $18,727,677
NOW Trust 2024-1 A 4.9025% 14-JUN-2032, 4.90%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 27,195,412 $17,935,001 $17,935,001 0.64 $17,865,914
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,875,538 $17,875,538 0.64 $17,683,311
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,839,281 $17,839,281 0.64 $17,628,184
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,752,905 $17,752,905 0.64 $17,290,892
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,574,497 $17,574,497 0.63 $17,390,641
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,336,834 $17,336,834 0.62 $17,304,609
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,246,696 $17,246,696 0.62 $17,202,374
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,212,498 $17,212,498 0.62 $17,093,389
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,187,860 $17,187,860 0.62 $17,042,156
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,166,053 $17,166,053 0.61 $16,973,504
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,472,205 $16,472,205 0.59 $16,424,811
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,463,784 $16,463,784 0.59 $16,404,870
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $16,032,676 $16,032,676 0.57 $15,835,342
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $15,870,032 $15,870,032 0.57 $15,822,059
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,368,957 $15,368,957 0.55 $15,088,334
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,269,359 $15,269,359 0.55 $15,188,422
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,265,283 $15,265,283 0.55 $15,107,258
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,263,073 $15,263,073 0.55 $15,255,439
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,089,703 $15,089,703 0.54 $15,002,871
Mattel, Inc. 3.75% 01-APR-2029, 3.75%, 04/01/29 MAT 577081BF8 - - 15,375,000 $15,005,730 $15,005,730 0.54 $14,940,066
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $14,993,712 $14,993,712 0.54 $14,950,757
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,927,736 $14,927,736 0.53 $14,713,322
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,895,337 $14,895,337 0.53 $14,756,875
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,657,806 $14,657,806 0.53 $14,197,245
NOW Trust 2025-1 A 4.6525% 14-FEB-2034, 4.65%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 22,287,541 $14,638,587 $14,638,587 0.52 $14,584,855
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,518,166 $14,518,166 0.52 $14,452,896
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,467,044 $14,467,044 0.52 $14,426,065
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,454,769 $14,454,769 0.52 $14,342,982
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 $14,224,944 $14,224,944 0.51 $14,189,221
BAE Systems Plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,162,636 $14,162,636 0.51 $14,073,735
Enel Finance International NV 4.125% 30-SEP-2028, 4.12%, 09/30/28 ENELIM 29278GBF4 - - 14,000,000 $14,046,931 $14,046,931 0.50 $13,979,556
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $14,029,412 $14,029,412 0.50 $13,665,766
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.08%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $13,982,861 $13,982,861 0.50 $13,867,955
Wells Fargo & Company FRN 15-SEP-2029, 5.00%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,930,570 $13,930,570 0.50 $13,817,446
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,903,953 $13,903,953 0.50 $13,698,569
Atlas Warehouse Lending Company, L.P. 4.625% 15-NOV-2028, 4.62%, 11/15/28 ATWALD 049463AF9 - - 13,831,000 $13,867,028 $13,867,028 0.50 $13,867,028
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 $13,848,795 $13,848,795 0.50 $13,817,966
Newcastle Greater Mutual Group Ltd. FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,835,712 $13,835,712 0.50 $13,650,559
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,815,483 $13,815,483 0.49 $13,428,283
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,798,345 $13,798,345 0.49 $13,565,227
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,762,828 $13,762,828 0.49 $13,621,425
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,358,895 $13,358,895 0.48 $13,277,151
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,165,311 $13,165,311 0.47 $13,092,558
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,147,689 $13,147,689 0.47 $13,046,824
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,132,425 $13,132,425 0.47 $12,913,420
Permanent TSB Group Holdings Plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,110,227 $13,110,227 0.47 $12,823,268
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,079,259 $13,079,259 0.47 $12,949,932
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $13,054,433 $13,054,433 0.47 $12,849,574
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $12,987,414 $12,987,414 0.47 $12,958,929
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $12,963,477 $12,963,477 0.46 $12,945,002
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $12,912,154 $12,912,154 0.46 $12,879,001
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $12,854,426 $12,854,426 0.46 $12,850,168
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $12,807,705 $12,807,705 0.46 $12,702,129
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,725,148 $12,725,148 0.46 $12,560,554
RAF ABS Series 2025-1 A 4.4765% 09-DEC-2031, 4.50%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 19,434,970 $12,689,477 $12,689,477 0.45 $12,686,353
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,377,001 $12,377,001 0.44 $12,203,971
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,348,335 $12,348,335 0.44 $12,164,728
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,280,443 $12,280,443 0.44 $12,114,554
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $12,030,390 $12,030,390 0.43 $11,891,940
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,911,968 $11,911,968 0.43 $11,607,986
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $11,903,319 $11,903,319 0.43 $11,813,877
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,780,289 $11,780,289 0.42 $11,612,216
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $11,757,258 $11,757,258 0.42 $11,749,822
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,513,700 $11,667,614 $11,667,614 0.42 $11,644,479
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,635,861 $11,635,861 0.42 $11,481,572
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,609,649 $11,609,649 0.42 $11,540,304
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,581,255 $11,581,255 0.41 $11,574,074
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,538,666 $11,538,666 0.41 $11,408,895
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,448,140 $11,448,140 0.41 $11,188,643
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,278,253 $11,278,253 0.40 $11,089,191
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $11,003,436 $11,003,436 0.39 $10,879,043
Connecticut Avenue Securities Trust 2024-R06 1M2 5.78279% 25-SEP-2044, 5.78%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,708,726 $10,708,726 0.38 $10,681,295
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.85%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,693,782 $10,693,782 0.38 $10,623,892
NRTH Commercial Mortgage Trust 2025-PARK A 5.54327% 15-OCT-2040, 5.54%, 10/15/40 NRTH 2025-PARK 669985AA1 - - 10,500,000 $10,545,098 $10,545,098 0.38 $10,499,828
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,518,781 $10,518,781 0.38 $10,376,333
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,428,414 $10,428,414 0.37 $10,205,903
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,359,240 $10,359,240 0.37 $10,181,220
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,341,762 $10,341,762 0.37 $10,296,002
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,283,359 $10,283,359 0.37 $10,081,261
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,233,993 $10,233,993 0.37 $10,169,024
Plenti PL & Green ABS Trust 2024-2 A1 4.6875% 11-APR-2036, 4.73%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 14,459,682 $10,008,727 $10,008,727 0.36 $9,457,466
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $9,829,244 $9,829,244 0.35 $9,820,542
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,812,672 $9,812,672 0.35 $9,692,181
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,793,517 $9,793,517 0.35 $9,756,629
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,765,360 $9,732,849 $9,732,849 0.35 $9,715,773
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 $9,628,623 $9,628,623 0.34 $9,615,803
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,624,707 $9,624,707 0.34 $9,621,047
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 $9,590,947 $9,590,947 0.34 $9,559,444
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,579,561 $9,579,561 0.34 $9,412,045
Westpac Banking Corporation FRN 10-JUL-2034, 5.26%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,539,139 $9,539,139 0.34 $9,494,815
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 $9,321,207 $9,321,207 0.33 $9,298,976
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,311,662 $9,311,662 0.33 $9,155,174
Athene Global Funding 2.5% 24-MAR-2028, 2.50%, 03/24/28 ATH 04685A2V2 - - 9,677,000 $9,297,199 $9,297,199 0.33 $9,264,942
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,040,363 $9,040,363 0.32 $8,989,978
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,028,613 $9,028,613 0.32 $8,862,391
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $9,010,221 $9,010,221 0.32 $8,904,968
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $8,898,641 $8,898,641 0.32 $8,850,188
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,844,682 $8,844,682 0.32 $8,814,108
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,709,783 $8,709,783 0.31 $8,543,749
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,658,661 $8,658,661 0.31 $8,573,259
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 $8,612,132 $8,612,132 0.31 $8,591,773
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 8,527,249 $8,581,719 $8,581,719 0.31 $8,561,988
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,296,890 $8,296,890 0.30 $8,209,145
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 $8,254,646 $8,254,646 0.30 $8,224,134
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 $8,254,189 $8,254,189 0.30 $8,229,368
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,215,794 $8,215,794 0.29 $8,186,850
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,213,818 $8,213,818 0.29 $8,129,767
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,210,890 $8,210,890 0.29 $8,103,575
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,132,588 $8,132,588 0.29 $7,991,705
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,108,791 $8,108,791 0.29 $8,048,273
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 $8,101,867 $8,101,867 0.29 $8,082,359
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,064,595 $8,064,595 0.29 $8,039,643
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,051,806 $8,051,806 0.29 $8,031,610
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,998,273 $7,998,273 0.29 $7,925,773
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,871,147 $7,871,147 0.28 $7,707,969
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,852,953 $7,852,953 0.28 $7,806,925
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,840,952 $7,840,952 0.28 $7,776,935
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.00%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 11,272,960 $7,766,853 $7,766,853 0.28 $7,389,417
Westpac Banking Corporation FRN 29-JAN-2031, 5.11%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,724,977 $7,724,977 0.28 $7,709,900
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,704,652 $7,704,652 0.28 $7,594,669
Vistra Operations Co. LLC 4.3% 15-OCT-2028, 4.30%, 10/15/28 VST 92840VAX0 - - 7,690,000 $7,676,399 $7,676,399 0.27 $7,647,006
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,606,009 $7,606,009 0.27 $7,452,478
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 $7,589,316 $7,589,316 0.27 $7,571,699
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,447,724 $7,447,724 0.27 $7,344,783
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,228,625 $7,228,625 0.26 $7,067,625
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.38%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,142,056 $7,169,585 $7,169,585 0.26 $7,152,499
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,120,908 $7,120,908 0.26 $7,116,708
Connecticut Avenue Securities Trust 2025-R03 2M1 5.78279% 25-MAR-2045, 5.78%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,050,741 $7,082,622 $7,082,622 0.25 $7,064,501
Hyundai Capital America, Inc. FRN 18-SEP-2028, 5.16%, 09/18/28 HYNMTR 44891AEB9 - - 6,960,000 $7,056,526 $7,056,526 0.25 $7,000,737
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,042,024 $7,042,024 0.25 $6,961,988
Pershing Square Holdings, Ltd. 3.25% 15-NOV-2030, 3.25%, 11/15/30 PSHNA 71531QAD3 - - 7,500,000 $7,036,569 $7,036,569 0.25 $6,916,725
UBS Group AG FRN 23-DEC-2029, 4.92%, 12/23/29 UBS 225401BL1 - - 7,000,000 $7,030,732 $7,030,732 0.25 $6,982,045
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $6,958,394 $6,958,394 0.25 $6,912,829
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $6,943,894 $6,943,894 0.25 $6,898,081
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,941,570 $6,941,570 0.25 $6,930,445
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 4.91%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,877,453 $6,877,453 0.25 $6,818,924
Metro Finance 2024-1 Trust|4.72|09/17/2030, 4.72%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 10,373,154 $6,819,243 $6,819,243 0.24 $6,796,496
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,758,138 $6,758,138 0.24 $6,661,840
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,746,252 $6,746,252 0.24 $6,742,844
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,690,563 $6,690,563 0.24 $6,679,371
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,682,036 $6,682,036 0.24 $6,655,963
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,680,986 $6,680,986 0.24 $6,609,390
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,660,828 $6,660,828 0.24 $6,626,069
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,556,846 $6,556,846 0.23 $6,510,045
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,539,314 $6,539,314 0.23 $6,455,707
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 $6,502,443 $6,502,443 0.23 $6,487,354
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,469,111 $6,469,111 0.23 $6,352,363
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,437,371 $6,437,371 0.23 $6,372,721
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,387,882 $6,387,882 0.23 $6,341,240
Westpac Banking Corporation FRN 03-APR-2034, 5.46%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,380,292 $6,380,292 0.23 $6,343,185
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,337,272 $6,337,272 0.23 $6,237,931
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 $6,329,283 $6,329,283 0.23 $6,314,205
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,253,276 $6,314,278 $6,314,278 0.23 $6,290,993
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,286,368 $6,286,368 0.23 $6,208,765
Connecticut Avenue Securities Trust 2025-R01 1M2 5.68279% 25-JAN-2045, 5.68%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,209,078 $6,209,078 0.22 $6,193,406
RESIMAC Bastille Trust 2024-1NC A2 4.8575% 13-SEP-2055, 4.86%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 9,333,102 $6,147,040 $6,147,040 0.22 $6,122,737
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $6,135,526 $6,135,526 0.22 $6,019,745
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $6,021,416 $6,021,416 0.22 $5,919,535
Export-Import Bank of Korea FRN 22-SEP-2028, 4.56%, 09/22/28 EIBKOR 302154EN5 - - 5,902,000 $5,948,391 $5,948,391 0.21 $5,909,421
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,924,290 $5,924,290 0.21 $5,790,304
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,836,720 $5,836,720 0.21 $5,814,478
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,824,542 $5,824,542 0.21 $5,788,442
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,820,091 $5,820,091 0.21 $5,736,328
Plenti PL & Green ABS Trust 2025-1 A1G 4.7075% 11-NOV-2036, 4.71%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 8,068,303 $5,755,181 $5,755,181 0.21 $5,284,488
Insurance Australia Group Limited FRN 15-DEC-2036, 6.03%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,709,046 $5,709,046 0.20 $5,655,613
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,638,184 $5,638,184 0.20 $5,588,406
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,590,008 $5,590,008 0.20 $5,507,307
Gildan Activewear Inc. 4.7% 07-OCT-2030, 4.70%, 10/07/30 GILCN 375916AF0 - - 5,556,000 $5,554,557 $5,554,557 0.20 $5,529,169
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,426,740 $5,426,740 0.19 $5,410,727
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,376,204 $5,376,204 0.19 $5,316,128
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,271,874 $5,271,874 0.19 $5,248,536
Connecticut Avenue Securities, Series 2021-R01 1M2 5.73279% 25-OCT-2041, 5.73%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,217,980 $5,248,578 $5,248,578 0.19 $5,235,283
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,225,060 $5,225,060 0.19 $5,080,019
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,212,698 $5,212,698 0.19 $5,164,639
Repsol E&P Capital Markets US LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,208,809 $5,208,809 0.19 $5,170,316
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,179,445 $5,179,445 0.19 $5,078,382
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,147,704 $5,147,704 0.18 $5,063,538
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,069,915 $5,069,915 0.18 $5,038,256
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,043,869 $5,043,869 0.18 $5,033,473
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 $5,027,106 $5,027,106 0.18 $5,003,209
Plenti PL & Green ABS Trust 2025-1 A1 4.7075% 11-NOV-2036, 4.71%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 6,895,985 $4,916,704 $4,916,704 0.18 $4,514,402
Santander UK Group Holdings plc 4.32% 22-SEP-2029, 4.32%, 09/22/29 SANUK 80281LAX3 - - 4,756,000 $4,780,841 $4,780,841 0.17 $4,752,305
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 $4,720,760 $4,720,760 0.17 $4,670,573
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,716,473 $4,716,473 0.17 $4,629,149
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,711,796 $4,711,796 0.17 $4,686,706
Hyundai Capital America, Inc. 4.25% 18-SEP-2028, 4.25%, 09/18/28 HYNMTR 44891ADZ7 - - 4,640,000 $4,663,801 $4,663,801 0.17 $4,634,221
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,645,018 $4,645,018 0.17 $4,566,876
Macquarie Bank Limited FRN 17-JUN-2031, 5.11%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,606,472 $4,606,472 0.17 $4,570,799
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,502,214 $4,502,214 0.16 $4,399,454
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,466,809 $4,466,809 0.16 $4,380,814
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,464,416 $4,464,416 0.16 $4,399,704
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,138,058 $4,138,058 0.15 $4,089,249
Liberty Series 2024-1 Auto A 4.6425% 25-MAY-2032, 4.64%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,231,348 $4,090,544 $4,090,544 0.15 $4,082,274
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 $4,058,563 $4,058,563 0.15 $4,048,424
LSEGA Financing Plc 4.5% 19-OCT-2028, 4.50%, 10/19/28 LSELN YK0862044 - - 3,000,000 $3,994,466 $3,994,466 0.14 $3,982,770
Lloyds Banking Group Plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,701,925 $3,701,925 0.13 $3,645,068
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,663,964 $3,663,964 0.13 $3,657,320
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,656,466 $3,656,466 0.13 $3,633,868
Lloyds Banking Group Plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,502,251 $3,502,251 0.13 $3,468,454
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.36%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,479,960 $3,479,960 0.12 $3,442,404
Mattel, Inc. 5.0% 17-NOV-2030, 5.00%, 11/17/30 MAT 577081BG6 - - 3,397,000 $3,415,908 $3,415,908 0.12 $3,415,908
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,322,490 $3,322,490 0.12 $3,269,840
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 $3,301,613 $3,301,613 0.12 $3,293,889
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,261,932 $3,261,932 0.12 $3,244,490
Connecticut Avenue Securities Trust 2025-R01 1M1 5.28279% 25-JAN-2045, 5.28%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,214,516 $3,222,226 $3,222,226 0.12 $3,214,679
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,120,146 $3,120,146 0.11 $3,065,051
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,101,929 $3,101,929 0.11 $3,067,098
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 $3,081,327 $3,081,327 0.11 $3,073,781
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,079,796 $3,079,796 0.11 $3,043,818
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,971,445 $2,971,445 0.11 $2,908,987
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,966,037 $2,966,037 0.11 $2,901,552
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 2,915,473 $2,953,516 $2,953,516 0.11 $2,942,777
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,907,464 $2,907,464 0.10 $2,900,309
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.38%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,808,246 $2,817,600 $2,817,600 0.10 $2,810,882
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,777,589 $2,777,589 0.10 $2,759,110
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,717,665 $2,717,665 0.10 $2,703,358
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 $2,636,433 $2,636,433 0.09 $2,625,113
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 $2,636,007 $2,636,007 0.09 $2,624,971
Connecticut Avenue Securities Trust 2025-R02 1M1 5.33279% 25-FEB-2045, 5.33%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,541,789 $2,548,872 $2,548,872 0.09 $2,542,847
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 $2,535,249 $2,535,249 0.09 $2,529,206
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 $2,523,745 $2,523,745 0.09 $2,516,849
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,375,885 $2,375,885 0.09 $2,371,893
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,207,631 $2,207,631 0.08 $2,181,404
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 $2,153,661 $2,153,661 0.08 $2,145,721
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,030,148 $2,087,888 $2,087,888 0.07 $2,078,943
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,058,339 $2,058,339 0.07 $2,053,683
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,047,066 $2,047,066 0.07 $2,024,643
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,038,159 $2,038,159 0.07 $2,029,906
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 $2,021,890 $2,021,890 0.07 $2,016,572
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,009,471 $2,009,471 0.07 $2,000,939
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,999,061 $1,999,061 0.07 $1,975,313
Plenti Auto ABS Trust 2025-1 A 4.6075% 12-AUG-2033, 4.61%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,028,051 $1,990,677 $1,990,677 0.07 $1,982,809
Connecticut Avenue Securities Trust 2024-R02 1M1 5.28279% 25-FEB-2044, 5.28%, 02/25/44 CAS 2024-R02 20754GAA8 - - 1,961,183 $1,966,019 $1,966,019 0.07 $1,961,414
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,724,646 $1,724,646 0.06 $1,710,772
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,549,524 $1,549,524 0.06 $1,533,546
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,535,306 $1,535,306 0.05 $1,494,419
Connecticut Avenue Securities Trust 2023-R06 1M1 5.88279% 25-JUL-2043, 5.88%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,520,413 $1,530,407 $1,530,407 0.05 $1,526,432
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 $1,488,806 $1,488,806 0.05 $1,479,892
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 $1,408,065 $1,408,065 0.05 $1,404,318
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,363,957 $1,363,957 0.05 $1,358,984
Lloyds Banking Group Plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,311,223 $1,311,223 0.05 $1,281,668
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.75%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,797,807 $1,240,843 $1,240,843 0.04 $1,179,894
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,192,192 $1,192,192 0.04 $1,179,396
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 $1,168,495 $1,168,495 0.04 $1,165,320
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,109,755 $1,109,755 0.04 $1,094,730
Connecticut Avenue Securities Trust 2024-R05 2M1 5.18279% 25-JUL-2044, 5.18%, 07/25/44 CAS 2024-R05 20754XAB9 - - 995,167 $997,147 $997,147 0.04 $994,855
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $986,940 $986,940 0.04 $982,809
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $915,913 $915,913 0.03 $915,693
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $848,462 $848,462 0.03 $844,643
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $683,962 $683,962 0.02 $673,974
Heritage & People's Choice Ltd. FRN 16-SEP-2031, 5.96%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $660,600 $660,600 0.02 $654,529
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $656,834 $656,834 0.02 $653,427
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $653,205 $653,205 0.02 $651,333
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $653,188 $653,188 0.02 $649,181
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.04%, 10/14/31 BENAU BR8160425 - - 800,000 $526,020 $526,020 0.02 $523,931
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 $481,557 $481,557 0.02 $480,450
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $365,195 $365,195 0.01 $364,279
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $99,286 $99,286 0.00 $98,158
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $97,644 $97,644 0.00 $97,461
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -3,816 $-795,367,689 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,262,729 $0 0.00 $0
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - -1,282 $-88,988,845 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - -137.00 $-17,002,684 $0 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,764,024 $0 0.00 $0
JABIL INC 0% 11/13/2025, 0.00%, 11/13/25 JBLPP 46652LYD3 - - 66,850,000 $66,832,713 $66,832,713 2.39 $66,832,713
JABIL INC 0% 11/12/2025, 0.00%, 11/12/25 JBLPP 46652LYC5 - - 55,150,000 $55,142,864 $55,142,864 1.98 $55,142,864
CONAGRA BRANDS INC 0% 11/12/2025, 0.00%, 11/12/25 CAGPP 20600GYC4 - - 31,550,000 $31,546,340 $31,546,340 1.13 $31,546,340
AUTONATION INC 0% 11/12/2025, 0.00%, 11/12/25 AUTONA 05330LYC1 - - 27,550,000 $27,546,562 $27,546,562 0.99 $27,546,562
TARGA RESOURCES CORP 0% 11/12/2025, 0.00%, 11/12/25 TRGP 87613EYC3 - - 21,800,000 $21,797,493 $21,797,493 0.78 $21,797,493
AMEREN CORP 0% 11/12/2025, 0.00%, 11/12/25 AEE 02360RYC8 - - 14,750,000 $14,748,364 $14,748,364 0.53 $14,748,364
SEGREGATED CASH SEGCASH - $0.00 9,629,078 $9,629,078 $9,629,078 0.34 $9,629,078
AUSTRALIAN DOLLARS AUD - - 13,733,406 $8,956,939 $8,956,939 0.32 $8,956,939
NEW ZEALAND DOLLAR NZD - - 8,899,874 $5,030,650 $5,030,650 0.18 $5,030,650
HCA INC 0% 11/13/2025, 0.00%, 11/13/25 HCA 40412BYD9 - - 3,450,000 $3,449,178 $3,449,178 0.12 $3,449,178
BRITISH POUND GBP - - 2,423,652 $3,193,512 $3,193,512 0.11 $3,193,512
HCA INC 0% 11/12/2025, 0.00%, 11/12/25 HCA 40412BYC1 - - 2,800,000 $2,799,667 $2,799,667 0.10 $2,799,667
EURO EUR - - 1,187,463 $1,376,865 $1,376,865 0.05 $1,376,865
CANADIAN DOLLAR CAD - - 1,694,747 $1,209,583 $1,209,583 0.04 $1,209,583
US DOLLARS USD MD_142224 - - -75,787,327 $-75,787,327 $-75,787,327 -2.71 $-75,787,327
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.95 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.95 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $46,500,257 $46,500,257 1.67 $46,500,257
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-46,500,257 $-46,500,257 -1.67 $-46,500,257
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $42,602,861 $42,602,861 1.53 $42,602,861
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-42,602,861 $-42,602,861 -1.53 $-42,602,861
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $60,227,343 $60,227,343 2.16 $60,227,343
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-60,227,343 $-60,227,343 -2.16 $-60,227,343
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $53,133,461 $53,133,461 1.90 $53,133,461
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-53,133,461 $-53,133,461 -1.90 $-53,133,461
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $18,596,711 $18,596,711 0.67 $18,596,711
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-18,596,711 $-18,596,711 -0.67 $-18,596,711
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 5.12 $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 -5.12 $-143,000,000
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - 9,800,000 $5,539,446 $5,539,446 0.20 $5,539,446
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - -9,800,000 $-5,539,446 $-5,539,446 -0.20 $-5,539,446
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 5.16 $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 -5.16 $-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 2.62 $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 -2.62 $-73,261,039
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 $330,645 0.01 $330,645
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 $10,103 0.00 $10,103
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 $-134,863,625 $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 $-2,340 0.00 $-2,340
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 $-106,982 0.00 $-106,982
FX Forward|AUD|01/16/2026 +AUD2 - - -307,605,000 $-200,723,926 $-200,723,926 -7.19 $-200,723,926
FX Forward|USD|01/16/2026 +AUD2 - - 202,961,778 $202,961,778 $202,961,778 7.27 $202,961,778
FX Forward|AUD|01/16/2026 +AUD0 - - -307,645,000 $-200,750,027 $-200,750,027 -7.19 $-200,750,027
FX Forward|USD|01/16/2026 +AUD0 - - 202,800,507 $202,800,507 $202,800,507 7.26 $202,800,507
FX Forward|CAD|01/16/2026 +CADU - - -99,540,000 $-71,277,212 $-71,277,212 -2.55 $-71,277,212
FX Forward|USD|01/16/2026 +CADU - - 71,662,551 $71,662,551 $71,662,551 2.57 $71,662,551
FX Forward|EUR|01/16/2026 +EUR0 - - -12,410,000 $-14,440,688 $-14,440,688 -0.52 $-14,440,688
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 $-13,781,654 $-13,781,654 -0.49 $-13,781,654
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 $-1,360,447 $-1,360,447 -0.05 $-1,360,447
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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