Please ensure Javascript is enabled for purposes of website accessibility Income ETF - Janus Henderson Investors - US Institutional
{{banner.link_text}}
For Institutional Investors in the US

Income ETF Holdings

Full Portfolio Holdings

(As of August 1, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Janus Henderson Emerging Markets Debt Hard Currency ETF JEMB US 47103U738 - - 136,912 $7,143,025 $7,143,025 5.03 $7,103,036
UMBS TBA 30yr 5.5% August Delivery, 5.50%, 08/13/25 FNCL 01F052680 - - 6,438,000 $6,444,245 $6,444,245 4.54 $6,444,245
UMBS TBA 30yr 3.5% August Delivery, 3.50%, 08/13/25 FNCL 01F032682 - - 5,733,000 $5,174,933 $5,174,933 3.64 $5,174,933
UMBS TBA 30yr 3% August Delivery, 3.00%, 08/13/25 FNCL 01F030686 - - 4,468,000 $3,866,058 $3,866,058 2.72 $3,866,058
UMBS TBA 30yr 6% August Delivery, 6.00%, 08/13/25 FNCL 01F060683 - - 3,207,000 $3,264,309 $3,264,309 2.29 $3,264,309
UMBS TBA 30yr 4.5% August Delivery, 4.50%, 08/13/25 FNCL 01F042681 - - 3,298,000 $3,158,082 $3,158,082 2.22 $3,158,082
UMBS TBA 30yr 5% August Delivery, 5.00%, 08/13/25 FNCL 01F050684 - - 1,963,000 $1,926,123 $1,926,123 1.36 $1,926,123
GNMA II TBA 30yr 3.5% August Delivery, 3.50%, 08/20/25 G2SF 21H032688 - - 2,092,000 $1,898,168 $1,898,168 1.34 $1,898,168
Connecticut Avenue Securities Trust 2024-R03 2B1 7.15001% 25-MAR-2044, 7.15%, 03/25/44 CAS 2024-R03 207941AF2 - - 1,425,000 $1,473,049 $1,473,049 1.04 $1,470,219
UMBS TBA 30yr 4% August Delivery, 4.00%, 08/13/25 FNCL 01F040685 - - 1,559,000 $1,452,157 $1,452,157 1.03 $1,452,157
Connecticut Avenue Securities Trust 2025-R01 1B1 6.05001% 25-JAN-2045, 6.05%, 01/25/45 CAS 2025-R01 20755JAG8 - - 1,390,536 $1,384,146 $1,384,146 0.98 $1,381,809
GWT Commercial Mortgage Trust 2024-WLF2 D 7.28139% 15-MAY-2041, 7.28%, 05/15/41 GWT 2024-WLF2 362414AG9 - - 1,330,000 $1,342,134 $1,342,134 0.95 $1,336,754
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 1,342,000 $1,314,097 $1,314,097 0.93 $1,306,922
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.35001% 25-DEC-2041, 11.35%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 1,236,000 $1,311,543 $1,311,543 0.93 $1,307,646
Ares Loan Funding III A1R 5.58846% 25-JUL-2036, 5.59%, 07/25/36 ARES 2022-ALF3A 04009BAN8 - - 1,300,000 $1,306,566 $1,306,566 0.92 $1,304,548
CIFC Funding 2019-VII Ltd|6.13372|10/19/2038, 6.13%, 10/19/38 CIFC 2019-7A 171935AA7 - - 1,227,000 $1,227,000 $1,227,000 0.87 $1,227,000
Ares LIII CLO A1R 5.55518% 24-OCT-2036, 5.60%, 10/24/36 ARES 2019-53A 04009GAQ0 - - 1,072,000 $1,077,964 $1,077,964 0.76 $1,076,130
Connecticut Avenue Securities Trust 2023-R06 1B2 10.25001% 25-JUL-2043, 10.25%, 07/25/43 CAS 2023-R06 20754EAJ4 - - 1,000,000 $1,077,718 $1,077,718 0.76 $1,074,870
Rad CLO 10 A 6.74741% 23-APR-2034, 5.75%, 04/23/34 RAD 2021-10A 48662LAA9 - - 1,050,000 $1,053,245 $1,053,245 0.74 $1,051,568
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 1,044,204 $1,049,445 $1,049,445 0.74 $1,047,783
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 8.10001% 25-FEB-2042, 8.10%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 985,000 $1,024,039 $1,024,039 0.72 $1,021,823
LV Trust 2024-SHOW B 5.825913% 10-OCT-2041, 5.64%, 10/10/41 LV 2024-SHOW 50245XAC1 - - 1,000,000 $1,020,673 $1,020,673 0.72 $1,015,505
KKR CLO 36 A 6.7556% 15-OCT-2034, 5.76%, 10/15/34 KKR 36A 48255AAA6 - - 1,000,000 $1,005,146 $1,005,146 0.71 $1,001,946
Madison Park Funding LXVI A2 5.90549% 21-JAN-2038, 5.91%, 10/21/37 MDPK 2024-66A 55822YAC9 - - 1,000,000 $1,004,161 $1,004,161 0.71 $1,001,865
Neuberger Berman Loan Advisers CLO 42 AR 5.26777% 16-JUL-2036, 5.27%, 07/16/36 NEUB 2021-42A 64133WAL9 - - 1,000,000 $1,003,159 $1,003,159 0.71 $1,000,233
Citigroup Commercial Mortgage Trust 2021-PRM2 G 8.957% 15-JUN-2036, 8.96%, 10/15/38 CGCMT 2021-PRM2 17291HAS3 - - 1,000,000 $1,001,624 $1,001,624 0.71 $996,648
Westlake Automobile Receivables Trust 2021-3 E 3.42% 15-APR-2027, 3.42%, 04/15/27 WLAKE 2021-3A 96043JAN5 - - 1,000,000 $997,398 $997,398 0.70 $995,593
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.60001% 25-SEP-2041, 10.60%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 912,000 $953,210 $953,210 0.67 $950,525
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.71448% 25-OCT-2057, 6.72%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 919,868 $943,988 $943,988 0.67 $942,271
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 900,000 $912,148 $912,148 0.64 $907,930
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 888,000 $890,400 $890,400 0.63 $884,121
Avis Budget Rental Car Funding (AESOP) Series 2023-4 D 7.31% 20-JUN-2029, 7.31%, 06/20/29 AESOP 2023-4A 05377RJS4 - - 836,000 $851,916 $851,916 0.60 $849,539
Connecticut Avenue Securities Trust 2025-R02 1B1 6.30001% 25-FEB-2045, 6.30%, 02/25/45 CAS 2025-R02 20754TAH5 - - 830,000 $832,899 $832,899 0.59 $831,446
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 802,000 $810,915 $810,915 0.57 $808,494
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 798,482 $808,509 $808,509 0.57 $804,371
MHP Commercial Mortgage Trust 2022-MHIL G 8.29944% 15-JAN-2039, 8.30%, 01/15/27 MHP 2022-MHIL 55293DAN1 - - 800,000 $794,737 $794,737 0.56 $791,048
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 713,000 $758,639 $758,639 0.54 $754,339
Bombardier Inc. 7.45% 01-MAY-2034, 7.45%, 05/01/34 BBDBCN 097751AL5 - - 667,000 $735,126 $735,126 0.52 $722,289
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.96448% 25-OCT-2057, 6.97%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 699,114 $717,363 $717,363 0.51 $716,010
Octagon 75 D2 7.98199% 22-JAN-2038, 7.98%, 01/22/38 OCT75 2025-1A 67579EAL3 - - 700,000 $703,842 $703,842 0.50 $701,824
Teva Pharmaceutical Finance Co. LLC 6.15% 01-FEB-2036, 6.15%, 02/01/36 TEVA 88163VAD1 - - 689,000 $695,643 $695,643 0.49 $695,290
Sotheby's ArtFi Master Trust, Series 2024-1 D 7.91% 20-DEC-2031, 7.91%, 12/22/31 ARTFI 2024-1A 83589CAE8 - - 668,000 $686,520 $686,520 0.48 $680,062
MHC Commercial Mortgage Trust 2021-MHC G 7.657442% 15-APR-2038, 7.66%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 680,000 $683,730 $683,730 0.48 $680,838
Long Ridge Energy LLC 8.75% 15-FEB-2032, 8.75%, 02/15/32 LONRID 54288CAA1 - - 628,000 $676,483 $676,483 0.48 $651,298
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 652,976 $657,283 $657,283 0.46 $653,410
MTN Commercial Mortgage Trust 2022-LPFL F 9.635169% 15-MAR-2039, 9.64%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 650,000 $653,167 $653,167 0.46 $649,688
Connecticut Avenue Securities Trust 2022-R01 1B2 10.35001% 25-DEC-2041, 10.35%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 614,000 $645,744 $645,744 0.46 $643,979
Palmer Square CLO 2022-3 D1R 7.27549% 20-JUL-2037, 7.28%, 07/20/37 PLMRS 2022-3A 69690ABC0 - - 640,000 $643,617 $643,617 0.45 $641,807
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 617,877 $639,645 $639,645 0.45 $638,523
Victra Holdings, LLC 8.75% 15-SEP-2029, 8.75%, 09/15/29 VICTRA 92648DAA4 - - 592,000 $638,966 $638,966 0.45 $618,965
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 620,782 $626,298 $626,298 0.44 $625,282
Carvana Co. 11.0% 01-JUN-2030, 11.00%, 06/01/30 CVNA 146869AN2 - - 558,227 $612,094 $612,094 0.43 $583,268
BX Trust 2021-ARIA F 7.0495% 15-OCT-2036, 7.05%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 600,000 $601,473 $601,473 0.42 $599,123
Raven Acquisition Holdings, LLC 6.875% 15-NOV-2031, 6.88%, 11/15/31 RCM 75420NAA1 - - 588,000 $601,280 $601,280 0.42 $592,409
LGI Homes, Inc. 4.0% 15-JUL-2029, 4.00%, 07/15/29 LGIH 50187TAF3 - - 652,000 $595,552 $595,552 0.42 $594,175
Wilsonart LLC 11.0% 15-AUG-2032, 11.00%, 08/15/32 WLSNRT 97246JAA6 - - 603,000 $586,317 $586,317 0.41 $555,179
Motel One GmbH/Muenchen|6.194|05/28/2032, 6.19%, 05/28/32 ONHOGM BL5081619 - - 500,000 $582,332 $582,332 0.41 $581,338
Financiere Pax SAS|6.026|12/31/2029, 6.03%, 12/31/29 AREWOR BL5166782 - - 500,000 $579,400 $579,400 0.41 $577,369
Froneri Lux FinCo SARL|4.948|07/16/2032, 4.95%, 07/16/32 ICECR BL5164100 - - 500,000 $577,867 $577,867 0.41 $576,040
Acropole Holding SAS|5.469|07/19/2032, 5.47%, 07/19/32 SIACFP BL5165602 - - 500,000 $577,647 $577,647 0.41 $575,804
Loire Finco Luxembourg Sarl|5.929|01/28/2030, 5.93%, 01/28/30 LGCLTD BL5024577 - - 500,000 $574,953 $574,953 0.41 $580,183
Winterfell Financing Sarl|7.124|05/04/2028, 7.12%, 05/04/28 STKGRP BL4232304 - - 500,000 $574,123 $574,123 0.41 $569,951
Affirm Asset Securitization Trust 2024-A C_2 6.16% 15-FEB-2029, 6.16%, 02/15/29 AFFRM 2024-A 00834BAH0 - - 565,000 $569,600 $569,600 0.40 $567,763
Ardagh Metal Packaging Finance USA LLC 3.0% 01-SEP-2029, 3.00%, 09/01/29 AMPBEV BO2884316 - - 540,000 $567,791 $567,791 0.40 $563,683
Organon Finance 1 LLC 5.125% 30-APR-2031, 5.12%, 04/30/31 OGN 68622TAB7 - - 646,000 $566,777 $566,777 0.40 $558,132
Vodafoneziggo Group Holding Bv 31-Oct-2019 Term Loan 31-Jan-2029, 4.91%, 01/31/29 ZIGGO BL3193739 - - 500,000 $564,527 $564,527 0.40 $561,337
Forvia SE 8.0% 15-JUN-2030, 8.00%, 06/15/30 EOFP 31209DAA3 - - 533,000 $561,216 $561,216 0.40 $555,412
Ammega Group BV|6.98|12/19/2028, 6.98%, 12/19/28 ALPBID BL4321750 - - 500,000 $543,267 $543,267 0.38 $541,475
X Corp /Us/ Term Loan 13-Feb-2030, 9.50%, 10/29/29 TWTR 90184NAK4 - - 539,000 $539,974 $539,974 0.38 $522,059
SWCH Commercial Mortgage Trust 2025-DATA F 8.58086% 15-FEB-2042, 8.58%, 02/15/42 SWCH 2025-DATA 78489CAF6 - - 530,000 $529,541 $529,541 0.37 $527,024
Carvana Co. 4.875% 01-SEP-2029, 4.88%, 09/01/29 CVNA 146869AH5 - - 564,000 $524,925 $524,925 0.37 $513,240
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.95001% 25-DEC-2031, 7.95%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 514,536 $523,583 $523,583 0.37 $522,446
Connecticut Avenue Securities Trust 2022-R02 2B1 8.85001% 25-JAN-2042, 8.85%, 01/25/42 CAS 2022-R02 20754BAF8 - - 500,000 $522,518 $522,518 0.37 $521,289
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 507,511 $515,431 $515,431 0.36 $513,352
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 7.0% 25-APR-2029, 7.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 506,226 $505,946 $505,946 0.36 $502,697
Oaktree CLO 2024-26 D1 7.77549% 20-APR-2037, 7.78%, 04/20/37 OAKCL 2024-26A 67403CAJ4 - - 500,000 $503,003 $503,003 0.36 $501,491
Ford Motor Credit Company LLC 6.5% 07-FEB-2035, 6.50%, 02/07/35 F 345397G56 - - 483,000 $502,785 $502,785 0.35 $484,733
Cedar Funding IX CLO AR 5.74549% 20-JUL-2037, 5.75%, 07/20/37 CEDF 2018-9A 15033EAN8 - - 500,000 $502,706 $502,706 0.35 $501,589
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 496,000 $500,212 $500,212 0.35 $499,405
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 504,000 $497,781 $497,781 0.35 $492,489
Taseko Mines Limited 8.25% 01-MAY-2030, 8.25%, 05/01/30 TKOCN 876511AG1 - - 465,000 $494,644 $494,644 0.35 $484,734
OneMain Finance Corporation 6.75% 15-MAR-2032, 6.75%, 03/15/32 OMF 682691AJ9 - - 470,000 $488,697 $488,697 0.34 $476,271
Wind River 2021-4 CLO D 7.7871% 20-JAN-2035, 7.79%, 01/20/35 WINDR 2021-4A 97316UAG3 - - 500,000 $487,764 $487,764 0.34 $486,250
New Home Company Inc. 8.5% 01-NOV-2030, 8.50%, 11/01/30 NWHM 645370AG2 - - 467,000 $479,921 $479,921 0.34 $475,621
House of HR Group BV 9.0% 03-NOV-2029, 9.00%, 11/03/29 HOUSEH 85NW8LXX4 - - 400,000 $477,472 $477,472 0.34 $461,412
Extended Stay America Trust 2021-ESH F 8.156% 15-JUL-2038, 8.16%, 07/15/38 ESA 2021-ESH 30227FAN0 - - 471,750 $473,888 $473,888 0.33 $471,750
BX Commercial Mortgage Trust 2024-GPA3 C 6.23398% 15-DEC-2039, 6.23%, 12/15/39 BX 2024-GPA3 123910AE1 - - 468,857 $471,723 $471,723 0.33 $470,099
PENN Entertainment, Inc. 4.125% 01-JUL-2029, 4.12%, 07/01/29 PENN 707569AV1 - - 508,000 $470,356 $470,356 0.33 $468,435
Modena Buyer Llc Term Loan 01-Jul-2031, 8.78%, 07/01/31 ENUSCO 60753DAC8 - - 474,119 $464,061 $464,061 0.33 $463,598
Verde Purchaser, LLC 10.5% 30-NOV-2030, 10.50%, 11/30/30 VRTV 92339LAA0 - - 420,000 $461,975 $461,975 0.33 $454,135
Tallgrass Energy Partners, LP 6.0% 01-SEP-2031, 6.00%, 09/01/31 TEP 87470LAK7 - - 457,000 $458,504 $458,504 0.32 $446,851
Wynn Macau Ltd|5.125|12/15/2029, 5.12%, 12/15/29 WYNMAC 98313RAE6 - - 470,000 $455,066 $455,066 0.32 $451,788
Maxam Prill S.a r.l. 7.75% 15-JUL-2030, 7.75%, 07/15/30 MXPRLL 57779MAA8 - - 461,000 $453,721 $453,721 0.32 $450,545
COMM 2019-GC44 Mortgage Trust 180WC 3.513392% 15-AUG-2057, 3.40%, 08/15/57 COMM 2019-GC44 12655TBA6 - - 500,000 $449,638 $449,638 0.32 $448,079
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 443,000 $447,852 $447,852 0.32 $447,214
CD&R Firefly Bidco Plc 8.625% 30-APR-2029, 8.62%, 04/30/29 MOTFUE 9RB6I8XX3 - - 320,000 $447,059 $447,059 0.32 $440,551
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.45001% 25-SEP-2041, 6.45%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 440,000 $444,611 $444,611 0.31 $443,823
American Express Company Depositary Shs Repr 1/1'000th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser D, 3.55%, 09/15/99 AXP 025816CH0 - - 452,000 $443,783 $443,783 0.31 $441,599
FIGRE Trust 2024-HE6 C 5.974% 25-DEC-2054, 5.97%, 12/25/54 FIGRE 2024-HE6 31684DAC3 - - 438,650 $442,541 $442,541 0.31 $440,139
NiSource Inc. 6.375% 31-MAR-2055, 6.38%, 03/31/55 NI 65473PAT2 - - 425,000 $440,155 $440,155 0.31 $430,822
Citigroup Inc. Depositary Shs Repr 1/25th Fix/Fltg Non-Cum Red Perp Pfd Rg ShsSer X, 3.88%, 05/18/99 C 172967MV0 - - 441,000 $439,292 $439,292 0.31 $435,685
Algonquin Power & Utilities Corp. 4.75% 18-JAN-2082, 4.75%, 01/18/82 AQNCN 015857AH8 - - 452,000 $438,712 $438,712 0.31 $437,757
JPMorgan Chase & Co. Depositary Shs Repr 1/10th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser KK, 3.65%, 09/01/99 JPM 48128BAN1 - - 441,000 $436,423 $436,423 0.31 $433,606
Burford Capital Global Finance LLC 6.875% 15-APR-2030, 6.88%, 04/15/30 BURLN 12116LAC3 - - 428,000 $436,240 $436,240 0.31 $427,331
QUIKRETE Holdings, Inc. 6.75% 01-MAR-2033, 6.75%, 03/01/33 QUIKHO 74843PAB6 - - 410,000 $434,101 $434,101 0.31 $420,724
Hess Midstream Operations LP 4.25% 15-FEB-2030, 4.25%, 02/15/30 HESM 428102AE7 - - 439,000 $433,443 $433,443 0.31 $424,685
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 467,925 $433,136 $433,136 0.31 $432,526
LATAM Airlines Group S.A. 7.625% 07-JAN-2031, 7.62%, 01/07/31 LTMCI 51817RAE6 - - 415,000 $429,305 $429,305 0.30 $426,931
First Quantum Minerals Ltd. 8.0% 01-MAR-2033, 8.00%, 03/01/33 FMCN 335934AW5 - - 400,000 $425,474 $425,474 0.30 $412,229
White Cap Supply Holdings Llc Term Loan B 19-Oct-2029, 7.58%, 10/31/29 WHTCAP 96350TAH3 - - 425,239 $424,436 $424,436 0.30 $424,078
Proampac Pg Borrower Llc Term Loan 15-Sep-2028, 8.32%, 09/15/28 PROLAM 74274NAL7 - - 418,939 $420,982 $420,982 0.30 $419,044
Summer BC Holdco B SARL|9.55561|02/21/2029, 9.56%, 02/21/29 KANGRP BL4583235 - - 419,940 $420,497 $420,497 0.30 $419,940
GGAM Finance Ltd. 8.0% 15-JUN-2028, 8.00%, 06/15/28 GGAMFI 36170JAA4 - - 393,000 $419,431 $419,431 0.30 $415,152
BX Trust 2025-VLT7 E 8.05% 15-JUL-2044, 8.05%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 417,000 $419,179 $419,179 0.30 $417,314
CMS Energy Corporation 6.5% 01-JUN-2055, 6.50%, 06/01/55 CMS 125896BY5 - - 411,000 $418,646 $418,646 0.30 $413,971
Bank of America Corp Bonds 2025-Without fixed maturity Floating Rate, 6.25%, 10/26/99 BAC 06055HAK9 - - 420,000 $418,075 $418,075 0.30 $417,346
Star Parent Inc Term Loan B 27-Sep-2030, 8.30%, 09/30/30 SYNH 87169DAB1 - - 419,571 $417,904 $417,904 0.30 $414,326
Galaxy Senior Participation Interest Trust 1|8.249753|07/31/2026, 8.25%, 07/31/26 GLXYT 2025-1 362922AA4 - - 414,293 $416,603 $416,603 0.29 $416,508
EG Global Finance Plc 11.0% 30-NOV-2028, 11.00%, 11/30/28 EGBLFN 97XV2HXX5 - - 320,000 $416,424 $416,424 0.29 $409,194
CoreWeave, Inc. 9.25% 01-JUN-2030, 9.25%, 06/01/30 CRWV 21873SAB4 - - 408,000 $415,624 $415,624 0.29 $408,600
Mermaid Bidco Inc Term Loan B 03-Jul-2031, 7.51%, 07/02/31 MRL 59012CAL9 - - 409,271 $412,394 $412,394 0.29 $408,248
FTAI Infra Escrow Holdings, LLC 10.5% 01-JUN-2027, 10.50%, 06/01/27 FIP 30327TAA7 - - 393,000 $411,750 $411,750 0.29 $404,529
Carnival Corporation 5.75% 01-AUG-2032, 5.75%, 08/01/32 CCL 143658CA8 - - 408,000 $411,213 $411,213 0.29 $410,040
CSC Holdings, LLC 11.25% 15-MAY-2028, 11.25%, 05/15/28 CSCHLD 126307BM8 - - 400,000 $411,103 $411,103 0.29 $401,228
StoneX Group Inc. 7.875% 01-MAR-2031, 7.88%, 03/01/31 SNEX 861896AA6 - - 377,000 $409,513 $409,513 0.29 $396,895
Aston Martin Capital Holdings Ltd. 10.375% 31-MAR-2029, 10.38%, 03/31/29 ASTONM ZD4459263 - - 320,000 $408,706 $408,706 0.29 $397,332
Herens US Holdco Corp|8.32061|07/03/2028, 8.32%, 07/03/28 LNZING BL3571728 - - 457,455 $408,320 $408,320 0.29 $404,619
Iceland Bondco Plc 4.375% 15-MAY-2028, 4.38%, 05/15/28 ICELTD BO0165262 - - 320,000 $407,695 $407,695 0.29 $403,621
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 400,989 $407,418 $407,418 0.29 $406,459
CIFC Funding 2021-I A1NR 5.73846% 25-JUL-2037, 5.74%, 07/25/37 CIFC 2021-1A 12563EAN3 - - 400,000 $401,991 $401,991 0.28 $401,353
Sierra Timeshare 2025-1 Receivables Funding D 6.86% 20-JAN-2042, 6.86%, 01/21/42 SRFC 2025-1A 82653CAD3 - - 399,559 $401,582 $401,582 0.28 $400,516
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 404,357 $397,170 $397,170 0.28 $396,318
OEG Finance PLC 7.25% 27-SEP-2029, 7.25%, 09/27/29 OEGFIN YV9260469 - - 320,000 $395,788 $395,788 0.28 $386,332
Rand Parent, LLC 8.5% 15-FEB-2030, 8.50%, 02/15/30 AAWW 753272AA1 - - 380,000 $395,322 $395,322 0.28 $380,158
Allwyn Entertainment Financing (UK) Plc 7.25% 30-APR-2030, 7.25%, 04/30/30 SAZKAG 8J07N0XX3 - - 320,000 $393,589 $393,589 0.28 $392,174
Pinnacle Bidco PLC 8.25% 11-OCT-2028, 8.25%, 10/11/28 PURGYM 922F7YXX3 - - 320,000 $388,178 $388,178 0.27 $387,839
BX Trust 2022-FOX2 A2 5.09114% 15-APR-2039, 5.09%, 04/15/39 BX 2022-FOX2 05610AAW8 - - 380,762 $381,241 $381,241 0.27 $380,170
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M2 5.70001% 25-JAN-2045, 5.70%, 01/25/45 STACR 2025-DNA1 35564NGA5 - - 380,000 $380,106 $380,106 0.27 $379,504
American Airlines, Inc. 8.5% 15-MAY-2029, 8.50%, 05/15/29 AAL 023771T40 - - 358,000 $379,442 $379,442 0.27 $372,764
Compass Minerals International, Inc. 8.0% 01-JUL-2030, 8.00%, 07/01/30 CMP 20451NAJ0 - - 358,000 $373,245 $373,245 0.26 $369,426
Assemblin Caverion Group AB FRN 01-JUL-2031, 5.44%, 07/01/31 ASSEMB YX6405840 - - 320,000 $372,328 $372,328 0.26 $370,765
Teamsystem S.P.A. FRN 31-JUL-2031, 5.53%, 07/31/31 TITANL YW4172816 - - 320,000 $371,508 $371,508 0.26 $370,388
Progroup AG 5.375% 15-APR-2031, 5.38%, 04/15/31 PROGRP 9P79F0XX6 - - 320,000 $369,322 $369,322 0.26 $363,305
Fiber Bidco S.P.A. FRN 15-JAN-2030, 5.98%, 01/15/30 FEDRIG XS2748964850 - - 320,000 $368,342 $368,342 0.26 $366,222
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 357,826 $363,520 $363,520 0.26 $362,002
Bertrand Franchise Finance SASU FRN 18-JUL-2030, 5.77%, 07/18/30 BERFRA YX3582559 - - 320,000 $361,789 $361,789 0.26 $360,781
JSG Finance, Inc. 6.75% 01-MAY-2033, 6.75%, 05/01/33 JANEST 47077WAE8 - - 342,000 $356,614 $356,614 0.25 $350,266
Jersey Mike's Funding|5.61|08/16/2055, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 350,000 $356,353 $356,353 0.25 $355,808
Gloves Buyer Inc Term Loan B 06-Jan-2032, 8.32%, 05/24/32 PROINP 37987UAG7 - - 362,000 $354,441 $354,441 0.25 $353,855
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 6.00001% 25-FEB-2045, 6.00%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 350,000 $351,979 $351,979 0.25 $351,396
BXHPP Trust 2021-FILM B 5.356% 15-AUG-2036, 5.36%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 375,000 $351,363 $351,363 0.25 $350,247
BlueMountain CLO XXXI A1 5.7371% 19-APR-2034, 5.74%, 04/19/34 BLUEM 2021-31A 09631BAA1 - - 350,000 $351,285 $351,285 0.25 $350,504
Asurion Llc Term Loan B 19-Sep-2030, 8.58%, 09/19/30 ASUCOR 04649VBE9 - - 356,250 $350,857 $350,857 0.25 $348,056
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 348,000 $350,736 $350,736 0.25 $349,281
Olympus Water US Holding Corporation 5.375% 01-OCT-2029, 5.38%, 10/01/29 SOLEIN BR3444733 - - 320,000 $349,729 $349,729 0.25 $342,939
Mohegan Escrow Issuer, LLC 8.25% 15-APR-2030, 8.25%, 04/15/30 MOHEGN 60832QAA8 - - 327,000 $346,969 $346,969 0.24 $338,426
Gray Media, Inc. 7.25% 15-AUG-2033, 7.25%, 08/15/33 GTN 389375AP1 - - 346,000 $342,874 $342,874 0.24 $342,247
ITT Holdings LLC 6.5% 01-AUG-2029, 6.50%, 08/01/29 INTMAT 45074JAA2 - - 359,000 $342,664 $342,664 0.24 $342,470
Cloud Software Group, Inc. 9.0% 30-SEP-2029, 9.00%, 09/30/29 TIBX 18912UAA0 - - 323,000 $342,186 $342,186 0.24 $332,173
Allied Universal Holdco LLC 6.875% 15-JUN-2030, 6.88%, 06/15/30 UNSEAM 019576AF4 - - 331,000 $341,777 $341,777 0.24 $338,490
Level 3 Financing, Inc. 3.75% 15-JUL-2029, 3.75%, 07/15/29 LVLT 527298BT9 - - 406,000 $340,321 $340,321 0.24 $339,518
Clarios Global LP|7.07492|01/28/2032, 7.07%, 01/28/32 POWSOL BL4949832 - - 340,000 $339,842 $339,842 0.24 $339,575
Rocket Software, Inc. 6.5% 15-FEB-2029, 6.50%, 02/15/29 ROCSOF 77314EAA6 - - 334,000 $334,622 $334,622 0.24 $324,430
Civitas Resources, Inc. 8.75% 01-JUL-2031, 8.75%, 07/01/31 CIVI 17888HAB9 - - 331,000 $334,529 $334,529 0.24 $331,874
Fora Financial Asset Securitization, Series 2024-1 A 6.33% 15-MAY-2027, 6.33%, 08/15/29 FORA 2024-1A 34512PAA2 - - 330,000 $332,866 $332,866 0.23 $331,764
GS Mortgage Securities Corporation Trust 2025-800D A 6.99194% 17-NOV-2041, 7.00%, 11/25/41 GSMS 2025-800D 36273XAA9 - - 330,000 $331,228 $331,228 0.23 $330,137
Univision Communications Inc. 9.375% 01-AUG-2032, 9.38%, 08/01/32 UVN 914906BA9 - - 319,000 $331,227 $331,227 0.23 $330,230
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 325,000 $328,548 $328,548 0.23 $327,969
Emrld Borrower Lp Term Loan B 04-Aug-2031, 6.83%, 08/04/31 EMECLI 26872NAD1 - - 328,222 $328,362 $328,362 0.23 $327,927
TIBCO Software Inc. 6.5% 31-MAR-2029, 6.50%, 03/31/29 TIBX 88632QAE3 - - 319,000 $328,291 $328,291 0.23 $321,149
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 324,767 $328,022 $328,022 0.23 $326,330
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M2 6.15001% 25-AUG-2044, 6.15%, 08/25/44 STACR 2024-HQA2 35564NEC3 - - 325,000 $327,905 $327,905 0.23 $327,350
Great Wolf Trust 2024-WOLF D 7.23194% 15-MAR-2039, 7.23%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 325,000 $327,190 $327,190 0.23 $325,884
New Residential Mortgage Loan Trust 2024-RTL1 A2 7.101% 25-MAR-2039, 7.10%, 03/25/39 NRMLT 2024-RTL1 64831PAB1 - - 323,000 $326,373 $326,373 0.23 $325,799
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.80001% 25-OCT-2044, 5.80%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 325,000 $326,152 $326,152 0.23 $325,628
MHP Commercial Mortgage Trust 2021-STOR F 6.65648% 15-JUL-2038, 6.66%, 07/15/38 MHP 2021-STOR 55293BAM7 - - 325,000 $326,128 $326,128 0.23 $324,926
BX Trust 2021-ARIA E 6.7005% 15-OCT-2036, 6.70%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 325,000 $325,774 $325,774 0.23 $324,564
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 322,689 $323,741 $323,741 0.23 $323,296
StoneX Group Inc. 6.875% 15-JUL-2032, 6.88%, 07/15/32 SNEX 86189AAA7 - - 315,000 $322,779 $322,779 0.23 $321,215
Caesars Entertainment, Inc. 6.0% 15-OCT-2032, 6.00%, 10/15/32 CZR 12769GAD2 - - 331,000 $322,535 $322,535 0.23 $316,522
MHC Commercial Mortgage Trust 2021-MHC F 7.057442% 15-APR-2038, 7.06%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 320,000 $321,552 $321,552 0.23 $320,297
TerraForm Power Operating, LLC 4.75% 15-JAN-2030, 4.75%, 01/15/30 TERP 88104LAG8 - - 334,000 $321,116 $321,116 0.23 $320,279
Atlas LuxCo 4 SARL 4.875% 01-JUN-2028, 4.88%, 06/01/28 UNSEAM BP3350785 - - 246,000 $320,332 $320,332 0.23 $317,549
PNC Financial Services Group Inc Depositary Shs Repr 1/100th Non-Cum Perp Pfd Shs Series V, 6.20%, 12/15/99 PNC 693475BF1 - - 314,000 $320,239 $320,239 0.23 $317,589
DROP Mortgage Trust 2021-FILE A 5.606% 15-OCT-2043, 5.61%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 325,000 $315,551 $315,551 0.22 $314,538
BX Commercial Mortgage Trust 2021-VOLT E 6.456% 15-SEP-2036, 6.46%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 314,869 $315,156 $315,156 0.22 $314,026
Cp Atlas Buyer Inc Term Loan B 01-Jul-2030, 9.58%, 07/08/30 AMBATH 12658HAL6 - - 329,000 $314,083 $314,083 0.22 $313,208
Hilton Grand Vacations Borrower Escrow LLC 4.875% 01-JUL-2031, 4.88%, 07/01/31 HGVLLC 43284MAB4 - - 338,000 $312,326 $312,326 0.22 $310,815
Beazer Homes USA, Inc. 7.5% 15-MAR-2031, 7.50%, 03/15/31 BZH 07556QBU8 - - 302,000 $312,305 $312,305 0.22 $303,559
FHF Issuer Trust 2025-1 (First Help Financial Trust) C 5.69% 15-AUG-2031, 5.69%, 08/15/31 FHF 2025-1A 30340RAE6 - - 305,000 $310,154 $310,154 0.22 $309,238
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA3 B2 10.60001% 25-OCT-2033, 10.60%, 10/25/33 STACR 2021-DNA3 35564KFH7 - - 250,000 $308,903 $308,903 0.22 $308,166
Civitas Resources, Inc. 9.625% 15-JUN-2033, 9.62%, 06/15/33 CIVI 17888HAD5 - - 296,000 $307,361 $307,361 0.22 $302,533
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.382032% 15-MAR-2038, 6.18%, 03/15/38 WFCM 2025-VTT 94990GAG4 - - 302,000 $305,070 $305,070 0.22 $303,361
Univision Communications Inc. 8.5% 31-JUL-2031, 8.50%, 07/31/31 UVN 914906AZ5 - - 299,000 $303,180 $303,180 0.21 $302,897
Spa US HoldCo Inc|8.30722|02/04/2028, 8.31%, 02/04/28 AHLMUN BL3566777 - - 299,250 $301,742 $301,742 0.21 $299,325
Lernen US Finco LLC|8.29|10/27/2031, 8.29%, 10/27/31 COGNTA BL4766855 - - 299,250 $301,423 $301,423 0.21 $300,872
Lions Gate Capital Holdings 1, Inc. 5.5% 15-APR-2029, 5.50%, 04/15/29 LGF 535939AA0 - - 317,000 $300,881 $300,881 0.21 $295,602
CCI Buyer Inc|8.29917|05/13/2032, 8.30%, 05/13/32 CONCEL BL5107919 - - 300,000 $300,463 $300,463 0.21 $300,117
Heartland Dental Llc Term Loan 28-Apr-2028, 8.83%, 04/28/28 HEARTL 42236WAW7 - - 299,242 $299,906 $299,906 0.21 $299,392
Aretec Group Inc Term Loan B 09-Aug-2030, 7.83%, 08/09/30 RCAP 04009DAH7 - - 299,248 $299,739 $299,739 0.21 $299,479
Reno De Medici S.p.A. FRN 15-APR-2029, 7.50%, 04/15/29 SAFFA XS2798174434 - - 320,000 $298,842 $298,842 0.21 $294,990
Kioxia Holdings Corporation 6.25% 24-JUL-2030, 6.25%, 07/24/30 KIOXIA 49726JAA6 - - 300,000 $298,399 $298,399 0.21 $297,878
Patrick Industries, Inc. 6.375% 01-NOV-2032, 6.38%, 11/01/32 PATK 703343AH6 - - 292,000 $297,072 $297,072 0.21 $292,263
Voyager Parent, LLC 9.25% 01-JUL-2032, 9.25%, 07/01/32 EVRI 92921EAA0 - - 275,000 $296,328 $296,328 0.21 $290,746
Pilgrim's Pride Corporation 6.25% 01-JUL-2033, 6.25%, 07/01/33 PPC 72147KAK4 - - 279,000 $296,071 $296,071 0.21 $294,473
BX Trust 2025-ROIC E 7.28323% 15-FEB-2042, 7.28%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 299,831 $295,441 $295,441 0.21 $294,228
Midcontinent Communications 8.0% 15-AUG-2032, 8.00%, 08/15/32 MIDCON 59565XAD2 - - 270,000 $294,086 $294,086 0.21 $283,946
Ahlstrom Holding 3 Oy Term Loan B 28-Apr-2030, 8.68%, 05/23/30 AHLMUN 78475BAB3 - - 291,120 $293,334 $293,334 0.21 $292,211
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 280,000 $293,219 $293,219 0.21 $285,566
BroadStreet Partners, Inc. 5.875% 15-APR-2029, 5.88%, 04/15/29 BROPAR 11135RAA3 - - 290,000 $292,942 $292,942 0.21 $287,784
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 289,701 $292,284 $292,284 0.21 $291,636
American Electric Power Company, Inc. 3.875% 15-FEB-2062, 3.88%, 02/15/62 AEP 025537AU5 - - 298,000 $292,219 $292,219 0.21 $286,798
General Motors Financial Co Cum Red Perp Pfd Shs Series A, 5.75%, 03/30/99 GM 37045XCA2 - - 293,000 $291,710 $291,710 0.21 $285,907
McGraw-Hill Education, Inc. 7.375% 01-SEP-2031, 7.38%, 09/01/31 MHED 58064LAA2 - - 270,000 $289,232 $289,232 0.20 $280,769
Aretec Escrow Issuer Inc. 10.0% 15-AUG-2030, 10.00%, 08/15/30 RCAP 04020JAA4 - - 253,000 $287,869 $287,869 0.20 $275,992
PRET 2021-RN4 A1 5.4871% 25-OCT-2051, 5.49%, 10/25/51 PRET 2021-RN4 69359QAA2 - - 286,751 $287,005 $287,005 0.20 $286,612
BX Commercial Mortgage Trust 2021-SOAR F 6.806% 15-JUN-2038, 6.81%, 06/15/38 BX 05608WAQ7 - - 284,940 $285,953 $285,953 0.20 $284,875
LifePoint Health, Inc. 10.0% 01-JUN-2032, 10.00%, 06/01/32 RGCARE 53219LAX7 - - 271,000 $285,829 $285,829 0.20 $281,087
Beacon Mobility Corp|7.5613|06/17/2030, 7.56%, 06/17/30 BEAMOB BL5126612 - - 284,644 $285,307 $285,307 0.20 $284,112
Optics Bidco S.P.A. 7.875% 31-JUL-2028, 7.88%, 07/31/28 FIBCOP YW1363814 - - 220,000 $282,677 $282,677 0.20 $282,460
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.858644% 27-SEP-2052, 0.86%, 09/27/52 BAMLL 05494BAJ6 - - 327,626 $282,483 $282,483 0.20 $282,224
AMC Networks Inc. 10.5% 15-JUL-2032, 10.50%, 07/15/32 AMCX 00164VAK9 - - 277,000 $282,191 $282,191 0.20 $279,687
Westlake Automobile Receivables Trust Series 2025-P1 D 5.59% 15-JUL-2032, 5.59%, 07/15/32 WLAKE 2025-P1 96043LAG5 - - 275,000 $281,114 $281,114 0.20 $280,303
Amur Equipment Finance Receivables XV, Series 2025-1 D 5.68% 20-AUG-2032, 5.68%, 08/20/32 AXIS 2025-1A 03237FAE5 - - 275,000 $279,258 $279,258 0.20 $278,650
Heartland Dental, LLC 10.5% 30-APR-2028, 10.50%, 04/30/28 HEARTL 42239PAB5 - - 259,000 $278,445 $278,445 0.20 $272,478
VMED O2 UK Financing I Plc 4.75% 15-JUL-2031, 4.75%, 07/15/31 VMED 92858RAB6 - - 299,000 $278,358 $278,358 0.20 $277,608
Varsity Brands Llc Term Loan B 26-Aug-2031, 7.58%, 08/26/31 VARBRA 92227QAF3 - - 271,842 $278,276 $278,276 0.20 $272,318
Calpine Corporation 3.75% 01-MAR-2031, 3.75%, 03/01/31 CPN 131347CR5 - - 288,000 $275,038 $275,038 0.19 $270,448
Inizio Group Ltd Term Loan B 19-Aug-2028, 8.65%, 08/21/28 UDGLN 12509YAE6 - - 278,000 $271,997 $271,997 0.19 $269,660
Currenta Group Holdings S.a r.l. FRN 15-MAY-2032, 6.14%, 05/15/32 CURGRP YO2560309 - - 230,000 $271,071 $271,071 0.19 $267,398
INEOS US Petrochem LLC|8.67681|03/29/2029, 8.68%, 03/29/29 STYRO BL4462091 - - 292,260 $270,821 $270,821 0.19 $269,975
TEXAS Commercial Mortgage Trust 2025-TWR D 7.43254% 15-APR-2042, 7.43%, 04/15/42 TEXAS 2025-TWR 88231WAG0 - - 271,000 $270,587 $270,587 0.19 $269,468
Calpine Corporation 5.0% 01-FEB-2031, 5.00%, 02/01/31 CPN 131347CQ7 - - 273,000 $269,918 $269,918 0.19 $269,805
River Rock Entertainment Authority|13.3211|06/25/2031, 13.32%, 06/25/31 RIVER BL5114014 - - 280,000 $269,839 $269,839 0.19 $271,600
Boots Group Finco LP|7.8434|07/19/2032, 7.84%, 07/19/32 BOOTFN BL5168176 - - 268,000 $268,556 $268,556 0.19 $267,330
SREIT Trust 2021-FLWR F 7.128549% 22-JUL-2036, 7.13%, 07/15/36 SREIT 2021-FLWR 78485GAQ7 - - 262,400 $263,358 $263,358 0.19 $262,319
Foundation Building Materials Inc Term Loan B-2 29-Jan-2031, 8.28%, 01/29/31 FBM 35039KAD8 - - 272,927 $262,769 $262,769 0.19 $262,455
Starwood Property Trust, Inc. 6.5% 15-OCT-2030, 6.50%, 10/15/30 STWD 85571BBE4 - - 249,000 $261,074 $261,074 0.18 $255,859
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 254,354 $259,105 $259,105 0.18 $257,779
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.85001% 25-OCT-2041, 11.81%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 243,000 $258,660 $258,660 0.18 $257,943
SIG plc 9.75% 31-OCT-2029, 9.75%, 10/31/29 SHILN YU4938780 - - 220,000 $258,660 $258,660 0.18 $252,188
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 251,937 $256,041 $256,041 0.18 $255,155
Directv Financing Llc Term Loan B 02-Aug-2029, 9.79%, 08/02/29 DTV 25460HAD4 - - 256,949 $253,889 $253,889 0.18 $253,470
CIFC Funding 2023-III D 8.57549% 20-JAN-2037, 8.58%, 01/20/37 CIFC 2023-3A 12598YAJ7 - - 250,000 $253,175 $253,175 0.18 $252,342
CIFC Funding 2021-III D 7.57916% 15-JUL-2036, 7.58%, 07/15/36 CIFC 2021-3A 12564DAG9 - - 250,000 $252,519 $252,519 0.18 $251,467
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 250,000 $252,490 $252,490 0.18 $252,135
Ballyrock CLO 22 A1A 5.85755% 15-APR-2037, 5.86%, 04/15/37 BALLY 2024-22A 05877GAA1 - - 250,000 $252,066 $252,066 0.18 $251,253
Ares LXV CLO D 7.96846% 25-JUL-2034, 7.97%, 07/25/34 ARES 2022-65A 04019FAJ6 - - 250,000 $251,979 $251,979 0.18 $251,426
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 248,000 $251,416 $251,416 0.18 $251,049
BX Trust 2024-VLT4 E 7.231344% 15-JUN-2041, 7.23%, 07/15/29 BX 2024-VLT4 05612TAJ4 - - 250,000 $250,020 $250,020 0.18 $249,015
GCI LIBERTY 12% SERIES A CUMULATIVE PREFERRED, 12.00%, 07/15/32 GCI 3385617 - - 250.00 $250,000 $250,000 0.18 $250,000
CI Maroon Holdings LLC|7.64561|03/28/2031, 7.65%, 03/28/31 BAREUR BL4995074 - - 249,375 $249,124 $249,124 0.18 $247,270
SCIH Salt Holdings Inc|7.27965|01/31/2029, 7.28%, 01/31/29 MORTON 78397GAF8 - - 244,770 $244,995 $244,995 0.17 $244,797
Beacon Mobility Corp. 7.25% 01-AUG-2030, 7.25%, 08/01/30 BEAMOB 073644AA4 - - 238,000 $244,413 $244,413 0.17 $242,879
Dermatology Intermediate Holdings Iii Inc Term Loan 30-Mar-2029, 8.53%, 04/02/29 DEINHO 24982LAB1 - - 277,852 $244,129 $244,129 0.17 $243,932
Sunoco LP 6.25% 01-JUL-2033, 6.25%, 07/01/33 SUN 86765KAD1 - - 239,000 $243,485 $243,485 0.17 $242,116
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 226,019 $241,674 $241,674 0.17 $240,589
Business Jet Securities, Series 2024-1 C 9.132% 15-MAY-2039, 9.13%, 05/15/39 BJETS 2024-1A 12327CAC8 - - 227,416 $233,862 $233,862 0.17 $232,766
Hudson's Bay Simon JV Trust 2015-HBS A10 4.1545% 05-AUG-2034, 4.15%, 08/05/34 HBCT 2015-HB10 44422PBN1 - - 238,000 $233,374 $233,374 0.16 $232,468
FMG Resources (August 2006) Pty Ltd. 4.375% 01-APR-2031, 4.38%, 04/01/31 FMGAU 30251GBC0 - - 245,000 $233,081 $233,081 0.16 $229,418
Capstone Borrower, Inc. 8.0% 15-JUN-2030, 8.00%, 06/15/30 CVT 140944AA7 - - 221,000 $231,985 $231,985 0.16 $229,579
Flutter Treasury Designated Activity Company 6.125% 04-JUN-2031, 6.12%, 06/04/31 FLTR YO7612626 - - 170,000 $228,716 $228,716 0.16 $226,300
Full House Resorts, Inc. 8.25% 15-FEB-2028, 8.25%, 02/15/28 FLL 359678AC3 - - 227,000 $228,261 $228,261 0.16 $219,469
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 240,000 $227,506 $227,506 0.16 $226,753
BX Trust 2022-FOX2 D 6.45291% 15-APR-2039, 6.45%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 227,500 $227,324 $227,324 0.16 $226,509
Taurus 2025-3 UK D 7.017% 20-JUL-2035, 7.22%, 07/20/35 TAURS 2025-UK3A BCC3N1GT6 - - 170,000 $226,207 $226,207 0.16 $225,774
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 221,548 $225,403 $225,403 0.16 $224,569
Proofpoint Inc Term Loan B 31-Aug-2028, 7.33%, 08/31/28 PFPT 74345HAG6 - - 223,866 $224,264 $224,264 0.16 $223,945
Long Ridge Energy LLC|8.79561|02/19/2032, 8.80%, 02/19/32 LONRID BL4986818 - - 223,440 $220,401 $220,401 0.16 $220,182
BX Commercial Mortgage Trust 2024-AIR2 D 7.13245% 15-OCT-2041, 7.13%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 216,775 $217,635 $217,635 0.15 $216,776
Trivium Packaging Finance B.V. 12.25% 15-JAN-2031, 12.25%, 01/15/31 TRIVIU 89686QAC0 - - 200,000 $214,538 $214,538 0.15 $210,046
BXHPP Trust 2021-FILM A 5.106% 15-AUG-2036, 5.11%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 220,000 $213,342 $213,342 0.15 $212,718
Trivium Packaging Finance B.V. 8.25% 15-JUL-2030, 8.25%, 07/15/30 TRIVIU 89686QAD8 - - 200,000 $212,916 $212,916 0.15 $209,891
Western Funding Auto Loan Trust 2025-1|5.34|11/15/2035, 5.34%, 11/15/35 WEFUN 2025-1 958250AC6 - - 208,000 $209,449 $209,449 0.15 $209,326
Albion Financing 1 SARL 7.0% 21-MAY-2030, 7.00%, 05/21/30 AGKLN 01330AAA4 - - 200,000 $207,859 $207,859 0.15 $205,020
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 198,000 $206,142 $206,142 0.15 $205,421
Burford Capital Global Finance LLC 7.5% 15-JUL-2033, 7.50%, 07/15/33 BURLN 12116LAG4 - - 200,000 $202,208 $202,208 0.14 $201,250
Boots Group Finco L.P. 7.375% 31-AUG-2032, 7.38%, 08/31/32 BOOTFN YM3484644 - - 150,000 $202,136 $202,136 0.14 $202,015
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.59798% 20-MAY-2032, 9.60%, 05/20/32 HACLN 2024-1 44644NAD1 - - 196,289 $201,620 $201,620 0.14 $200,887
Queen Mergerco, Inc. 6.75% 30-APR-2032, 6.75%, 04/30/32 BECN 74825NAA5 - - 191,000 $199,671 $199,671 0.14 $196,269
Proofpoint Inc Term Loan 31-Aug-2028, 7.31%, 08/31/28 PFPT 74345HAJ0 - - 200,000 $199,664 $199,664 0.14 $200,070
BX Trust 2024-CNYN D 7.03203% 15-APR-2041, 7.03%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 196,548 $197,455 $197,455 0.14 $196,688
HLF Financing SARL LLC 12.25% 15-APR-2029, 12.25%, 04/15/29 HLF 40390DAD7 - - 175,000 $197,127 $197,127 0.14 $190,636
FHF Issuer Trust 2025-1 (First Help Financial Trust) D 5.95% 15-JUN-2032, 5.95%, 06/15/32 FHF 2025-1A 30340RAF3 - - 193,000 $195,601 $195,601 0.14 $194,995
BX Commercial Mortgage Trust 2024-GPA3 A 5.63482% 15-DEC-2039, 5.63%, 12/15/39 BX 2024-GPA3 123910AA9 - - 193,169 $194,258 $194,258 0.14 $193,653
Lumen Technologies, Inc. 4.125% 15-APR-2029, 4.12%, 04/15/29 LUMN 550241AB9 - - 195,411 $193,821 $193,821 0.14 $190,037
Lumen Technologies, Inc. 10.0% 15-OCT-2032, 10.00%, 10/15/32 LUMN 550241AK9 - - 184,918 $191,442 $191,442 0.14 $185,843
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 257,817 $191,178 $191,178 0.13 $191,178
Connecticut Avenue Securities Trust 2024-R05 2M2 6.05001% 25-JUL-2044, 6.05%, 07/25/44 CAS 2024-R05 20754XAC7 - - 190,000 $191,084 $191,084 0.13 $190,765
Wells Fargo Commercial Mortgage Trust 2025-VTT E 7.13745% 15-MAR-2038, 6.91%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - - 189,000 $190,924 $190,924 0.13 $189,727
GNMA II TBA 30yr 4% August Delivery, 4.00%, 08/20/25 G2SF 21H040681 - - 204,000 $189,661 $189,661 0.13 $189,661
Herc Holdings Inc. 7.0% 15-JUN-2030, 7.00%, 06/15/30 HRI 42704LAF1 - - 180,000 $187,482 $187,482 0.13 $185,312
Level 3 Financing, Inc. 6.875% 30-JUN-2033, 6.88%, 06/30/33 LVLT 527298CM3 - - 182,937 $185,479 $185,479 0.13 $184,291
BENTELER International Aktiengesellschaft 7.25% 15-JUN-2031, 7.25%, 06/15/31 BENTLR YN4680206 - - 150,000 $184,930 $184,930 0.13 $183,813
Ameren Corporation 5.375% 15-MAR-2035, 5.38%, 03/15/35 AEE 023608AR3 - - 177,000 $183,637 $183,637 0.13 $179,752
Star Parent, Inc. 9.0% 01-OCT-2030, 9.00%, 10/01/30 SYNH 855170AA4 - - 167,000 $180,761 $180,761 0.13 $175,626
CVS Health Corporation 7.0% 10-MAR-2055, 7.00%, 03/10/55 CVS 126650EH9 - - 169,000 $178,308 $178,308 0.13 $173,576
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 243,129 $178,084 $178,084 0.13 $178,082
ALA Trust 2025-OANA D 7.43272% 15-JUN-2040, 7.43%, 06/15/40 ALA 2025-OANA 009920AG4 - - 176,000 $177,535 $177,535 0.13 $176,808
Stonepeak Nile Parent Llc Term Loan B 09-Apr-2032, 7.08%, 04/12/32 ATSG 86184XAB0 - - 176,000 $176,963 $176,963 0.12 $176,132
Celanese US Holdings LLC 7.2% 15-NOV-2033, 7.20%, 11/15/33 CE 15089QAY0 - - 168,000 $175,742 $175,742 0.12 $173,088
Zodiac Purchaser LLC|7.82681|02/17/2032, 7.83%, 02/17/32 ZUO BL4859130 - - 176,000 $175,108 $175,108 0.12 $174,955
Herbalife Ltd. 4.25% 15-JUN-2028, 4.25%, 06/15/28 HLF 42703MAF0 - - 184,000 $172,184 $172,184 0.12 $171,120
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A1 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAA9 - - 170,000 $171,931 $171,931 0.12 $170,762
Olympus Water US Holding Corp|7.5931|07/26/2032, 7.59%, 07/26/32 SOLEIN BL5171782 - - 172,000 $171,598 $171,598 0.12 $171,054
Getty Images, Inc. 11.25% 21-FEB-2030, 11.25%, 02/21/30 ABEGET 374276AM5 - - 173,000 $170,027 $170,027 0.12 $165,215
SWCH Commercial Mortgage Trust 2025-DATA E 7.68216% 15-FEB-2042, 7.68%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 170,000 $169,821 $169,821 0.12 $169,096
X Corp /Us/ Term Loan 27-Oct-2029, 10.93%, 10/29/29 TWTR 90184NAG3 - - 174,000 $169,064 $169,064 0.12 $169,118
Albion Financing 1 SARL 5.375% 21-MAY-2030, 5.38%, 05/21/30 AGKLN YO4261625 - - 140,000 $168,957 $168,957 0.12 $167,194
SREIT Commercial Mortgage Trust 2021-MFP2 F 7.0742% 15-NOV-2036, 7.07%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 165,000 $165,597 $165,597 0.12 $164,949
Pinewood Finco Plc 6.0% 27-MAR-2030, 6.00%, 03/27/30 PINEFI ZD6875615 - - 120,000 $163,207 $163,207 0.12 $159,834
Rocket Companies, Inc. 6.375% 01-AUG-2033, 6.38%, 08/01/33 RKT 77311WAB7 - - 155,000 $159,576 $159,576 0.11 $158,368
Taurus 2025-3 UK Designated Activity Co|6.62|07/20/2035, 6.62%, 07/20/35 TAURS 2025-UK3A BCC3N1GS8 - - 120,000 $159,513 $159,513 0.11 $159,295
UMBS TBA 30yr 6.5% August Delivery, 6.50%, 08/13/25 FNCL 01F062689 - - 153,000 $158,193 $158,193 0.11 $158,193
Cengage Learning Inc Term Loan B 24-Mar-2031, 7.82%, 03/24/31 CNGO 15131YAQ8 - - 149,250 $152,311 $152,311 0.11 $148,996
LIFE 2022-BMR2 Mortgage Trust D 6.88385% 15-MAY-2039, 6.88%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 165,000 $152,132 $152,132 0.11 $151,501
FREMF 2023-K511 Mortgage Trust C 5.822411% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 162,000 $151,469 $151,469 0.11 $150,632
Charter Communications Operating. LLC 6.55% 01-JUN-2034, 6.55%, 06/01/34 CHTR 161175CR3 - - 141,000 $151,129 $151,129 0.11 $149,513
Exeter Select Automobile Receivables Trust 2025-2|5.34|01/15/2032, 5.34%, 01/15/32 ESART 2025-2 30185EAF0 - - 150,000 $150,694 $150,694 0.11 $150,605
Foundation Building Materials, Inc. 6.0% 01-MAR-2029, 6.00%, 03/01/29 FBM 350392AA4 - - 156,000 $149,722 $149,722 0.11 $145,744
BX Commercial Mortgage Trust 2024-MF C 6.28284% 15-FEB-2039, 6.28%, 02/15/39 BX 2024-MF 05612EAE8 - - 148,756 $149,470 $149,470 0.11 $148,951
Grupo Antolin Irausa, S.A. 10.375% 30-JAN-2030, 10.38%, 01/30/30 ATLNSA YW4158146 - - 200,000 $149,126 $149,126 0.11 $148,860
Prima Capital CRE Securitization 2019-1S C 5.5% 25-OCT-2038, 5.50%, 10/01/33 PRIMA 2019-1S 74166KAE0 - - 175,000 $141,256 $141,256 0.10 $140,882
Darktrace Finco Us Llc Term Loan 09-Oct-2031, 7.57%, 10/09/31 DARKLN 52526CAB5 - - 139,650 $140,335 $140,335 0.10 $139,572
Ce Intermediate I Llc Term Loan 25-Mar-2032, 7.45%, 03/25/32 CEINTE 12523EAD4 - - 138,305 $140,163 $140,163 0.10 $138,305
Uniti Group LP 6.0% 15-JAN-2030, 6.00%, 01/15/30 UNIT 91327AAB8 - - 147,000 $138,798 $138,798 0.10 $138,333
Blue Owl Credit Income Corp. 5.8% 15-MAR-2030, 5.80%, 03/15/30 OCINCC 09581CAD3 - - 133,000 $137,162 $137,162 0.10 $134,184
Rithm Capital Corp. 8.0% 15-JUL-2030, 8.00%, 07/15/30 RITM 64828TAC6 - - 133,000 $136,660 $136,660 0.10 $135,359
Herc Holdings Inc. 7.25% 15-JUN-2033, 7.25%, 06/15/33 HRI 42704LAG9 - - 130,000 $135,774 $135,774 0.10 $134,151
Duke Energy Corporation 6.45% 01-SEP-2054, 6.45%, 09/01/54 DUK 26441CCG8 - - 127,000 $133,795 $133,795 0.09 $130,313
Capital One Financial Corporation 6.183% 30-JAN-2036, 6.18%, 01/30/36 COF 14040HDJ1 - - 125,000 $129,201 $129,201 0.09 $129,115
Rocket Companies, Inc. 6.125% 01-AUG-2030, 6.12%, 08/01/30 RKT 77311WAA9 - - 121,000 $123,721 $123,721 0.09 $122,815
JBS USA Holding Lux SARL 5.5% 15-JAN-2036, 5.50%, 01/15/36 JBSSBZ 472140AE2 - - 122,000 $123,027 $123,027 0.09 $122,449
Osaic Holdings Inc|7.3357|07/19/2032, 7.34%, 07/19/32 ADVGRO BL5135878 - - 123,000 $122,678 $122,678 0.09 $122,904
Churchill Downs Incorporated CHDN US 171484108 - - 1,142 $121,497 $121,497 0.09 $121,497
Cedar Fair Lp Term Loan B 01-May-2031, 6.33%, 05/01/31 FUN 15018LAN1 - - 120,529 $120,367 $120,367 0.08 $120,304
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 118,000 $118,954 $118,954 0.08 $118,670
INEOS US Petrochem LLC|8.57681|10/07/2031, 8.58%, 10/07/31 STYRO BL4766400 - - 130,672 $117,325 $117,325 0.08 $116,952
Worldwide Plaza Trust 2017-WWP A 3.5263% 10-NOV-2036, 3.53%, 11/10/36 WPT 98162JAA4 - - 160,000 $115,827 $115,827 0.08 $115,310
Connecticut Avenue Securities Trust 2025-R01 1M2 5.85001% 25-JAN-2045, 5.85%, 01/25/45 CAS 2025-R01 20755JAC7 - - 112,000 $112,259 $112,259 0.08 $112,077
Journey Personal Care Corp Term Loan B 01-Mar-2028, 8.05%, 03/01/28 JOUPER 48114NAF8 - - 114,128 $111,662 $111,662 0.08 $111,560
Gategroup US Finance Inc|8.5787|06/10/2032, 8.58%, 06/10/32 GATESW BL5101953 - - 111,000 $111,568 $111,568 0.08 $111,278
Bank of America Corporation 5.744% 12-FEB-2036, 5.74%, 02/12/36 BAC 06051GMQ9 - - 102,000 $107,391 $107,391 0.08 $104,592
Navient Corporation 5.5% 15-MAR-2029, 5.50%, 03/15/29 NAVI 63938CAM0 - - 106,000 $105,906 $105,906 0.07 $103,655
Regal Rexnord Corporation 6.4% 15-APR-2033, 6.40%, 04/15/33 RRX 758750AP8 - - 97,000 $105,094 $105,094 0.07 $103,214
Humana Inc. 5.875% 01-MAR-2033, 5.88%, 03/01/33 HUM 444859BV3 - - 98,000 $104,567 $104,567 0.07 $102,120
DT Midstream, Inc 5.8% 15-DEC-2034, 5.80%, 12/15/34 DTMINC 23345MAD9 - - 101,000 $104,156 $104,156 0.07 $103,359
Universal Health Services, Inc. 2.65% 15-OCT-2030, 2.65%, 10/15/30 UHS 913903AW0 - - 115,000 $103,563 $103,563 0.07 $102,640
Mav Acquisition Corp. 8.0% 01-AUG-2029, 8.00%, 08/01/29 MHED 57767XAB6 - - 102,000 $103,538 $103,538 0.07 $103,470
WarnerMedia Holdings, Inc. 4.054% 15-MAR-2029, 4.05%, 03/15/29 WBD 55903VBB8 - - 114,000 $100,394 $100,394 0.07 $98,610
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 95,000 $100,061 $100,061 0.07 $99,668
SCG Commercial Mortgage Trust 2025-FLWR|7.1|08/15/2030, 7.10%, 08/15/30 SCG 2025-FLWR 78438AAJ4 - - 100,000 $100,000 $100,000 0.07 $100,000
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.16%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 100,000 $99,140 $99,140 0.07 $98,667
Ovg Business Services Llc Term Loan B 25-Jun-2031, 7.33%, 06/25/31 OVGBUS 62955EAJ3 - - 97,265 $96,736 $96,736 0.07 $96,657
Foundation Building Materials Inc Term Loan B-3 29-Jan-2031, 9.55%, 01/29/31 FBM 35039KAE6 - - 98,000 $96,151 $96,151 0.07 $95,605
Occidental Petroleum Corporation 5.55% 01-OCT-2034, 5.55%, 10/01/34 OXY 674599EL5 - - 95,000 $95,454 $95,454 0.07 $93,653
GNMA II TBA 30yr 5% August Delivery, 5.00%, 08/20/25 G2SF 21H050680 - - 96,000 $94,430 $94,430 0.07 $94,430
CP Atlas Buyer, Inc. 9.75% 15-JUL-2030, 9.75%, 07/15/30 AMBATH 12597YAC3 - - 92,000 $92,827 $92,827 0.07 $92,154
Flutter Financing BV|6.3506|06/04/2032, 6.35%, 06/04/32 FLTR BL5173572 - - 93,000 $92,389 $92,389 0.07 $92,651
NRG Energy, Inc. 7.0% 15-MAR-2033, 7.00%, 03/15/33 NRG 629377CT7 - - 80,000 $89,976 $89,976 0.06 $87,813
Booz Allen Hamilton, Inc. 5.95% 15-APR-2035, 5.95%, 04/15/35 BAH 09951LAD5 - - 85,000 $89,027 $89,027 0.06 $87,060
Viper Energy Partners LLC 5.7% 01-AUG-2035, 5.70%, 08/01/35 VNOM 92764MAB0 - - 87,000 $87,144 $87,144 0.06 $86,992
UMBS TBA 30yr 2.5% August Delivery, 2.50%, 08/13/25 FNCL 01F022683 - - 105,000 $87,017 $87,017 0.06 $87,017
HLF Financing SARL LLC 4.875% 01-JUN-2029, 4.88%, 06/01/29 HLF 40390DAC9 - - 103,000 $86,499 $86,499 0.06 $85,620
VICI Properties L.P. 5.625% 01-APR-2035, 5.62%, 04/01/35 VICI 925650AK9 - - 83,000 $85,828 $85,828 0.06 $84,311
U.S. Bank Auto Credit Linked Notes, Series 2023-1 B 6.789% 25-AUG-2032, 6.79%, 08/25/32 USCLN 2023-1 90357PAV6 - - 82,693 $83,732 $83,732 0.06 $83,592
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 7.10001% 25-JUN-2047, 7.10%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 79,063 $81,126 $81,126 0.06 $80,971
BX Commercial Mortgage Trust 2024-GPA3 B 5.98433% 15-DEC-2039, 5.98%, 12/15/39 BX 2024-GPA3 123910AC5 - - 75,955 $76,365 $76,365 0.05 $76,112
Aadvantage Loyalty Ip Ltd Term Loan B 16-May-2032, 7.58%, 05/28/32 AAL 02376CBT1 - - 72,818 $73,627 $73,627 0.05 $73,182
Flutter Financing BV|6.29561|06/04/2032, 6.30%, 06/04/32 FLTR BL5105350 - - 72,800 $72,879 $72,879 0.05 $72,678
Western Digital Corporation 2.85% 01-FEB-2029, 2.85%, 02/01/29 WDC 958102AQ8 - - 78,000 $72,522 $72,522 0.05 $72,504
Osaic Holdings, Inc. 6.75% 01-AUG-2032, 6.75%, 08/01/32 ADVGRO 00791GAB3 - - 70,000 $70,752 $70,752 0.05 $70,712
Osaic Holdings, Inc. 8.0% 01-AUG-2033, 8.00%, 08/01/33 ADVGRO 00791GAC1 - - 68,000 $68,974 $68,974 0.05 $68,929
GNMA II TBA 30yr 5.5% August Delivery, 5.50%, 08/20/25 G2SF 21H052686 - - 68,000 $68,189 $68,189 0.05 $68,189
General Motors Company 6.25% 15-APR-2035, 6.25%, 04/15/35 GM 37045VBB5 - - 62,000 $65,579 $65,579 0.05 $64,643
LPL Holdings, Inc. 5.75% 15-JUN-2035, 5.75%, 06/15/35 LPLA 50212YAQ7 - - 63,000 $64,639 $64,639 0.05 $64,146
GLP Capital LP 4.0% 15-JAN-2031, 4.00%, 01/15/31 GLPI 361841AQ2 - - 66,000 $62,731 $62,731 0.04 $62,592
JH North America Holdings Inc. 6.125% 31-JUL-2032, 6.12%, 07/31/32 JHXAU 46593WAB1 - - 61,000 $62,032 $62,032 0.04 $61,534
Connecticut Avenue Securities Trust 2024-R06 1M2 5.95001% 25-SEP-2044, 5.95%, 09/25/44 CAS 2024-R06 20755RAC9 - - 61,632 $62,006 $62,006 0.04 $61,905
Oaktree Strategic Credit Fund 6.19% 15-JUL-2030, 6.19%, 07/15/30 OAKSCF 67403AAF6 - - 59,000 $59,859 $59,859 0.04 $59,666
JBS Luxembourg Co. SARL 6.75% 15-MAR-2034, 6.75%, 03/15/34 JBSSBZ 47214BAC2 - - 49,000 $54,881 $54,881 0.04 $53,604
CVS Health Corporation 4.78% 25-MAR-2038, 4.78%, 03/25/38 CVS 126650CY4 - - 58,000 $54,605 $54,605 0.04 $53,611
Fiserv, Inc. 5.15% 12-AUG-2034, 5.15%, 08/12/34 FI 337738BN7 - - 50,000 $51,339 $51,339 0.04 $50,109
Blue Owl Finance LLC 6.25% 18-APR-2034, 6.25%, 04/18/34 OWL 09581JAT3 - - 48,000 $50,802 $50,802 0.04 $49,918
Solventum Corporation 5.6% 23-MAR-2034, 5.60%, 03/23/34 SOLV 83444MAR2 - - 48,000 $50,630 $50,630 0.04 $49,652
Columbia Pipelines Holding Company LLC 5.097% 01-OCT-2031, 5.10%, 10/01/31 CPGX 19828AAD9 - - 49,000 $50,565 $50,565 0.04 $49,712
LPL Holdings, Inc. 6.0% 20-MAY-2034, 6.00%, 05/20/34 LPLA 50212YAK0 - - 48,000 $50,409 $50,409 0.04 $49,817
Morgan Stanley 4.431% 23-JAN-2030, 4.43%, 01/23/30 MS 6174468G7 - - 50,000 $50,210 $50,210 0.04 $50,142
Discover Financial Services 7.964% 02-NOV-2034, 7.96%, 11/02/34 COF 254709AT5 - - 42,000 $50,009 $50,009 0.04 $49,154
Molex Electronic Technologies LLC 5.25% 30-APR-2032, 5.25%, 04/30/32 MOLX 60856BAF1 - - 42,000 $43,139 $43,139 0.03 $42,514
Beacon Mobility Corp|7.5613|06/17/2030, 7.56%, 06/17/30 BEAMOB BL5126604 - - 38,992 $39,083 $39,083 0.03 $38,919
Marvell Technology, Inc. 5.45% 15-JUL-2035, 5.45%, 07/15/35 MRVL 573874AS3 - - 37,000 $37,774 $37,774 0.03 $37,584
Marvell Technology, Inc. 4.75% 15-JUL-2030, 4.75%, 07/15/30 MRVL 573874AR5 - - 37,000 $37,466 $37,466 0.03 $37,300
Sixth Street Lending Partners 6.5% 11-MAR-2029, 6.50%, 03/11/29 SIXSLP 829932AB8 - - 33,000 $35,027 $35,027 0.02 $34,175
Lernen US Finco LLC|7.8512|10/27/2031, 7.85%, 10/27/31 COGNTA BL5162641 - - 33,000 $33,380 $33,380 0.02 $33,179
Lernen US Finco LLC|7.8272|10/27/2031, 7.83%, 10/27/31 COGNTA BL5161965 - - 33,000 $33,380 $33,380 0.02 $33,179
Project Alpha Intermediate Holding Inc|9.29561|05/09/2033, 9.30%, 05/09/33 QLIK BL4806313 - - 32,000 $32,229 $32,229 0.02 $31,940
LifePoint Health, Inc. 11.0% 15-OCT-2030, 11.00%, 10/15/30 RGCARE 53219LAW9 - - 27,000 $30,515 $30,515 0.02 $29,615
Hudson's Bay Simon JV Trust 2015-HBS A7 3.9141% 05-AUG-2034, 3.91%, 08/05/34 HBCT 2015-HB7 44422PAU6 - - 29,755 $29,677 $29,677 0.02 $29,570
UnitedHealth Group Incorporated 5.3% 15-JUN-2035, 5.30%, 06/15/35 UNH 91324PFQ0 - - 24,000 $24,643 $24,643 0.02 $24,487
US LONG BOND(CBT) Sep25 SEP 25 USU5 FUTURES_USD - -14.00 $-1,619,625 $0 0.00 $0
US 10yr Ultra Fut Sep25 SEP 25 UXYU5 FUTURES_USD - -44.00 $-5,030,438 $0 0.00 $0
US 10YR NOTE (CBT)Sep25 SEP 25 TYU5 FUTURES_USD - 11.00 $1,234,234 $0 0.00 $0
US 5YR NOTE (CBT) Sep25 SEP 25 FVU5 FUTURES_USD - 249.00 $27,146,836 $0 0.00 $0
US 2YR NOTE (CBT) Sep25 SEP 25 TUU5 FUTURES_USD - 82.00 $17,049,594 $0 0.00 $0
US ULTRA BOND CBT Sep25 SEP 25 WNU5 FUTURES_USD - -21.00 $-2,495,719 $0 0.00 $0
US 10YR FUT OPTN Sep25P 110 110 TYU5P TYU5 COMDTY $110.00 -3.00 $336,609 $-188 0.00 $-188
GOLD FUT OPT(CMX) Sep25P 3000 3000 GCU5P 3381664 GCV5 COMDTY $3,000.00 -3.00 $996,330 $-210 0.00 $-210
US 10YR FUT OPTN Sep25C 113 113 TYU5C TYU5 COMDTY $113.00 -3.00 $-336,609 $-891 0.00 $-891
US 5YR FUTR OPTN Sep25Put 107.5 FVU5P FVU5 COMDTY $107.50 -29.00 $3,161,680 $-906 0.00 $-906
Leeward Off Bull&B Ptg Shs Ser'k'2003 Usd0.01 GCU5C 3377429 GCV5 COMDTY $3,585.00 -3.00 $-996,330 $-1,890 0.00 $-1,890
ESU5 19Sep25 Call (AMERICAN PHYSICAL) 6650 ESU5C ESU5 INDEX $6,650.00 -10.00 $-3,132,250 $-5,250 0.00 $-5,250
US 5YR FUTR OPTN Sep25Call 109.5 FVU5C FVU5 COMDTY $109.50 -29.00 $-3,161,680 $-6,344 0.00 $-6,344
ESU5 19Sep25 Put (AMERICAN PHYSICAL) 6050 ESU5P ESU5 INDEX $6,050.00 -10.00 $3,132,250 $-41,500 -0.03 $-41,500
SEGREGATED CASH SEGCASH - $0.00 560,000 $560,000 $560,000 0.40 $560,000
BRITISH POUND GBP - - - $1 $1 0.00 $1
EURO EUR - - -1,991,446 $-2,301,027 $-2,301,027 -1.62 $-2,301,027
US DOLLARS USD MD_142224 - - -25,851,567 $-25,851,567 $-25,851,567 -18.25 $-25,851,567
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 134,758 $6,814,712 $9,155 0.01 $-19,782
FX Forward|GBP|09/19/2025 +GBPU - - -1,344,386 $-1,783,727 $-1,783,727 -1.26 $-1,783,727
FX Forward|USD|09/19/2025 +GBPU - - 1,847,384 $1,847,384 $1,847,384 1.30 $1,847,384
FX Forward|EUR|09/19/2025 +EURU - - -6,881,747 $-7,976,994 $-7,976,994 -5.63 $-7,976,994
FX Forward|USD|09/19/2025 +EURU - - 8,100,485 $8,100,485 $8,100,485 5.72 $8,100,485
FX Forward|EUR|09/19/2025 +EUR1 - - 220,767 $255,903 $255,903 0.18 $255,903
FX Forward|USD|09/19/2025 +EUR1 - - -259,871 $-259,871 $-259,871 -0.18 $-259,871
FX Forward|EUR|09/19/2025 +EUR1 - - 5,072 $5,879 $5,879 0.00 $5,879
FX Forward|USD|09/19/2025 +EUR1 - - -6,005 $-6,005 $-6,005 0.00 $-6,005
FX Forward|GBP|09/19/2025 +GBP1 - - -290,000 $-384,771 $-384,771 -0.27 $-384,771
FX Forward|USD|09/19/2025 +GBP1 - - 395,961 $395,961 $395,961 0.28 $395,961
FX Forward|EUR|09/19/2025 +EUR3 - - 133,207 $154,407 $154,407 0.11 $154,407
FX Forward|USD|09/19/2025 +EUR3 - - -157,339 $-157,339 $-157,339 -0.11 $-157,339
FX Forward|EUR|09/19/2025 +EUR1 - - 4,732 $5,485 $5,485 0.00 $5,485
FX Forward|USD|09/19/2025 +EUR1 - - -5,559 $-5,559 $-5,559 0.00 $-5,559
FX Forward|EUR|09/19/2025 +EURU - - -495,387 $-574,229 $-574,229 -0.41 $-574,229
FX Forward|USD|09/19/2025 +EURU - - 582,530 $582,530 $582,530 0.41 $582,530
FX Forward|GBP|09/19/2025 +GBP0 - - 101,619 $134,828 $134,828 0.10 $134,828
FX Forward|USD|09/19/2025 +GBP0 - - -137,319 $-137,319 $-137,319 -0.10 $-137,319
FX Forward|EUR|09/19/2025 +EUR0 - - 16,211 $18,790 $18,790 0.01 $18,790
FX Forward|USD|09/19/2025 +EUR0 - - -18,878 $-18,878 $-18,878 -0.01 $-18,878
FX Forward|EUR|09/19/2025 +EURU - - -498,750 $-578,127 $-578,127 -0.41 $-578,127
FX Forward|USD|09/19/2025 +EURU - - 586,562 $586,562 $586,562 0.41 $586,562
FX Forward|EUR|09/19/2025 +EURU - - 4,842 $5,613 $5,613 0.00 $5,613
FX Forward|USD|09/19/2025 +EURU - - -5,700 $-5,700 $-5,700 0.00 $-5,700
FX Forward|GBP|09/19/2025 +GBP0 - - -150,000 $-199,020 $-199,020 -0.14 $-199,020
FX Forward|USD|09/19/2025 +GBP0 - - 200,022 $200,022 $200,022 0.14 $200,022
FX Forward|GBP|09/19/2025 +GBP1 - - -172,035 $-228,255 $-228,255 -0.16 $-228,255
FX Forward|USD|09/19/2025 +GBP1 - - 227,761 $227,761 $227,761 0.16 $227,761
FX Forward|EUR|09/19/2025 +EUR2 - - 23,575 $27,327 $27,327 0.02 $27,327
FX Forward|USD|09/19/2025 +EUR2 - - -27,066 $-27,066 $-27,066 -0.02 $-27,066
FX Forward|EUR|09/19/2025 - - - 8,662 $10,041 $10,041 0.01 $10,041
FX Forward|USD|09/19/2025 - - - -10,039 $-10,039 $-10,039 -0.01 $-10,039
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.

Choose region

Country

Language

What type of investor are you?