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

Income ETF Holdings

Full Portfolio Holdings

(As of May 8, 2026)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
UMBS TBA 30yr 5.5% June Delivery, 5.50%, 06/11/26 FNCL 01F052664 - 7,928,000 $7,975,568 $7,975,568 4.79 $7,975,568
Janus Henderson Emerging Markets Debt Hard Currency ETF JEMB US 47103U738 - 132,061 $7,116,186 $7,116,186 4.27 $7,116,186
UMBS TBA 30yr 5% June Delivery, 5.00%, 06/11/26 FNCL 01F050668 - 5,359,624 $5,290,496 $5,290,496 3.18 $5,290,496
UMBS TBA 30yr 3.5% June Delivery, 3.50%, 06/11/26 FNCL 01F032666 - 5,263,000 $4,810,740 $4,810,740 2.89 $4,810,740
UMBS TBA 30yr 4.5% June Delivery, 4.50%, 06/11/26 FNCL 01F042665 - 4,893,812 $4,722,489 $4,722,489 2.84 $4,722,489
UMBS TBA 30yr 3% June Delivery, 3.00%, 06/11/26 FNCL 01F030660 - 4,748,000 $4,169,143 $4,169,143 2.51 $4,169,143
UMBS TBA 30yr 6% June Delivery, 6.00%, 06/11/26 FNCL 01F060667 - 3,467,000 $3,540,327 $3,540,327 2.13 $3,540,327
UMBS TBA 30yr 4% June Delivery, 4.00%, 06/11/26 FNCL 01F040669 - 2,414,000 $2,272,465 $2,272,465 1.37 $2,272,465
GNMA II TBA 30yr 3.5% May Delivery, 3.50%, 05/20/26 G2SF 21H032654 - 2,092,000 $1,899,475 $1,899,475 1.15 $1,899,475
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 10.64516% 25-DEC-2041, 10.65%, 12/25/41 STACR 2021-HQA4 35564KPP8 - 1,650,945 $1,711,801 $1,711,801 1.04 $1,704,966
Connecticut Avenue Securities Trust 2024-R03 2B1 6.44516% 25-MAR-2044, 6.45%, 03/25/44 CAS 2024-R03 207941AF2 - 1,425,000 $1,470,184 $1,470,184 0.89 $1,466,612
GWT Commercial Mortgage Trust 2024-WLF2 D 6.59416% 15-MAY-2041, 6.59%, 05/15/41 GWT 2024-WLF2 362414AG9 - 1,330,000 $1,343,938 $1,343,938 0.82 $1,337,604
EAST WEST INVS MGMT CLO 2019-1, 4.96%, 10/19/38 CIFC 2019-7A 171935AA7 - 1,227,000 $1,233,658 $1,233,658 0.75 $1,230,112
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.44516% 25-NOV-2041, 11.45%, 11/25/41 STACR 2021-DNA7 35564KNE5 - 1,162,500 $1,205,697 $1,205,697 0.73 $1,200,523
BX Commercial Mortgage Trust 2024-GPA3 C 5.54698% 15-DEC-2039, 5.55%, 12/15/39 BX 2024-GPA3 123910AE1 - 1,089,150 $1,095,212 $1,095,212 0.67 $1,090,849
Connecticut Avenue Securities Trust 2023-R06 1B2 9.54516% 25-JUL-2043, 9.55%, 07/25/43 CAS 2023-R06 20754EAJ4 - 1,000,000 $1,081,892 $1,081,892 0.66 $1,078,180
LSF12 Pillar Investments SARL|5.92|04/29/2033, 5.92%, 04/29/33 LSFPIL BL5670536 - 910,000 $1,073,606 $1,073,606 0.65 $1,072,196
Rad CLO 10 A 6.74741% 23-APR-2034, 5.10%, 04/23/34 RAD 2021-10A 48662LAA9 - 1,050,000 $1,053,086 $1,053,086 0.64 $1,050,409
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 9.89516% 25-SEP-2041, 9.90%, 09/25/41 STACR 2021-HQA3 35564KKL2 - 1,029,341 $1,050,570 $1,050,570 0.64 $1,046,609
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - 1,000,000 $1,009,600 $1,009,600 0.62 $997,070
Sunoco LP 7.875% PERP, 7.88%, 03/18/99 SUN 86765KAE9 - 912,000 $958,617 $958,617 0.58 $948,043
Extended Stay America Trust 2025-ESH D 6.25471% 15-OCT-2042, 6.25%, 10/15/42 ESA 2025-ESH 30227TAG5 - 921,719 $929,467 $929,467 0.57 $925,303
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - 898,969 $901,882 $901,882 0.55 $899,338
BLP Trust 2025-IND2 E 7.40471% 15-DEC-2042, 7.40%, 12/15/42 BLP 2025-IND2 05556WAJ5 - 870,000 $876,022 $876,022 0.52 $871,369
Carvana Co. 4.875% 01-SEP-2029, 4.88%, 09/01/29 CVNA 146869AH5 - 939,000 $863,391 $863,391 0.52 $854,490
BX Commercial Mortgage Trust 2024-BIO2 D 7.71271% 15-AUG-2041, 7.97%, 08/13/41 BX 2024-BIO2 05613GAG7 - 888,000 $859,476 $859,476 0.52 $851,612
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.01879% 25-OCT-2057, 6.02%, 10/25/57 CHASE 2020-CL1 46591HAG5 - 829,251 $856,493 $856,493 0.51 $854,552
PENN Entertainment, Inc. 6.75% 01-APR-2031, 6.75%, 04/01/31 PENN 707569AY5 - 849,000 $852,279 $852,279 0.51 $843,524
ITT Holdings LLC 6.5% 01-AUG-2029, 6.50%, 08/01/29 INTMAT 45074JAA2 - 834,000 $843,478 $843,478 0.51 $828,419
LifePoint Health, Inc. 10.0% 01-JUN-2032, 10.00%, 06/01/32 RGCARE 53219LAX7 - 788,000 $842,591 $842,591 0.50 $807,568
Connecticut Avenue Securities Trust 2025-R02 1B1 5.59516% 25-FEB-2045, 5.60%, 02/25/45 CAS 2025-R02 20754TAH5 - 830,000 $835,437 $835,437 0.50 $833,631
Fidelity Grand Harbour CLO 2019-1 DR 5.454% 15-JAN-2039, 5.45%, 01/15/38 GRANH 2019-1X BCC3JXNM8 - 700,000 $830,788 $830,788 0.50 $827,542
BX Trust 2025-VLT7 E 7.40471% 15-JUL-2044, 7.40%, 07/15/44 BX 2025-VLT7 123913AJ4 - 808,000 $808,945 $808,945 0.48 $804,624
MHP Commercial Mortgage Trust 2022-MHIL G 7.61221% 15-JAN-2039, 7.61%, 01/15/27 MHP 2022-MHIL 55293DAN1 - 800,000 $806,570 $806,570 0.48 $802,171
SMRT Commercial Mortgage Trust 2022-MINI E 6.35471% 15-JAN-2039, 6.36%, 01/15/39 SMRT 2022-MINI 78457JAN2 - 800,000 $801,700 $801,700 0.48 $798,028
Bbam European Clo VIII DAC|5.101|01/26/2040, 5.10%, 01/26/40 BBAME 8A BCC3QC900 - 650,000 $782,137 $782,137 0.47 $767,821
Darktrace Finco Us Llc Term Loan 31-Oct-2031, 6.93%, 10/09/31 DARKLN 52526CAB5 - 801,346 $763,320 $763,320 0.46 $758,386
Granite Ridge Resources, Inc. 8.875% 05-NOV-2029, 8.88%, 11/05/29 GRNT 387432AA5 - 762,000 $750,544 $750,544 0.45 $742,842
Alpha Generation, LLC 6.25% 15-JAN-2034, 6.25%, 01/15/34 ALPGEN 02073LAC5 - 736,000 $749,665 $749,665 0.45 $734,843
Tallgrass Energy Partners, LP 6.75% 15-MAR-2034, 6.75%, 03/15/34 TEP 87470LAM3 - 718,000 $741,888 $741,888 0.44 $734,349
BX Trust 2024-CNYN D 6.3448% 15-APR-2041, 6.34%, 04/15/41 BX 2024- CNYN 05612HAG6 - 734,351 $737,577 $737,577 0.44 $734,212
LIGHTPATH FIBER ISSUER 5.597%56 A2, 5.60%, 03/25/56 LPATH 2026-1A 53229YAA7 - 733,000 $736,896 $736,896 0.44 $735,072
Humana Inc. 6.625% 15-SEP-2056, 6.62%, 09/15/56 HUM 444859CE0 - 724,000 $720,077 $720,077 0.43 $711,817
Seagate Data Storage Technology Pte. Ltd. 3.125% 15-JUL-2029, 3.12%, 07/15/29 STX 81180LAL9 - 775,000 $716,094 $716,094 0.43 $708,290
SoFi Consumer Loan Program 2025-3 Trust D 5.35% 25-AUG-2034, 5.35%, 08/15/34 SCLP 2025-3 83390JAD4 - 713,000 $714,415 $714,415 0.43 $712,720
Maxam Prill S.a r.l. 7.75% 15-JUL-2030, 7.75%, 07/15/30 MXPRLL 57779MAA8 - 661,000 $705,414 $705,414 0.42 $684,638
Octagon 75 D2 7.31364% 22-JAN-2038, 7.31%, 01/22/38 OCT75 2025-1A 67579EAL3 - 700,000 $705,399 $705,399 0.42 $702,697
Synergy Infrastructure Holdings LLC 7.875% 01-DEC-2030, 7.88%, 12/01/30 SYNRGY 87191JAA2 - 644,000 $702,642 $702,642 0.42 $679,397
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - 690,313 $698,504 $698,504 0.42 $694,167
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - 672,095 $693,281 $693,281 0.42 $688,970
JSG Finance, Inc. 6.75% 01-MAY-2033, 6.75%, 05/01/33 JANEST 47077WAE8 - 666,000 $689,687 $689,687 0.41 $688,439
AP Core Holdings II LLC|11|05/15/2031, 11.00%, 05/15/31 COLLPA 001874AA4 - 659,000 $671,416 $671,416 0.40 $671,416
White Cap Supply Holdings Llc Acquisition 09-Feb-2033, 7.15%, 02/10/33 WHTCAP 96350TAK6 - 660,653 $659,930 $659,930 0.40 $658,486
MTN Commercial Mortgage Trust 2022-LPFL F 8.945169% 15-MAR-2039, 8.95%, 03/15/39 MTN 2022-LPFL 62475WAL9 - 650,000 $653,474 $653,474 0.39 $649,275
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.26879% 25-OCT-2057, 6.27%, 10/25/57 CHASE 2020-CL1 46591HAH3 - 630,243 $652,794 $652,794 0.39 $651,258
APLD ComputeCo 2 LLC 6.75% 15-MAR-2031, 6.75%, 03/15/31 PFORGE 03772CAA1 - 639,000 $646,026 $646,026 0.39 $638,717
Teva Pharmaceutical Finance Co. LLC 6.15% 01-FEB-2036, 6.15%, 02/01/36 TEVA 88163VAD1 - 604,000 $645,625 $645,625 0.39 $635,307
Black Pearl Compute LLC 6.125% 15-FEB-2031, 6.12%, 02/15/31 BLKPRL 09216NAA8 - 617,000 $637,677 $637,677 0.38 $628,229
SF ABS ISSUER 2025-1 0%55 A2, 5.38%, 11/25/55 SFARM 2025-1A 784193AA2 - 647,000 $630,189 $630,189 0.38 $628,642
Cloud Software Group, Inc. 9.0% 30-SEP-2029, 9.00%, 09/30/29 TIBX 18912UAA0 - 612,000 $614,650 $614,650 0.37 $608,377
Huntington Bank Auto Credit-Linked Notes, Series 2026-1 D 8.14014% 20-FEB-2034, 8.14%, 02/20/34 HACLN 2026-1 44644NAY5 - 608,380 $611,263 $611,263 0.37 $608,375
Ardagh Metal Packaging Finance USA LLC 3.0% 01-SEP-2029, 3.00%, 09/01/29 AMPBEV BO2884316 - 540,000 $609,484 $609,484 0.37 $600,158
Asurion Llc Term Loan B 19-Sep-2030, 7.92%, 09/19/30 ASUCOR 04649VBE9 - 603,578 $604,881 $604,881 0.36 $603,687
Loire Finco Luxembourg Sarl|5.761|01/28/2030, 5.76%, 01/28/30 LGCLTD BL5546066 - 500,000 $599,947 $599,947 0.36 $590,432
Hess Midstream Operations LP 4.25% 15-FEB-2030, 4.25%, 02/15/30 HESM 428102AE7 - 612,000 $599,411 $599,411 0.36 $593,198
LGI Homes, Inc. 4.0% 15-JUL-2029, 4.00%, 07/15/29 LGIH 50187TAF3 - 652,000 $598,318 $598,318 0.36 $589,914
Cube Safety BidCo AB|5.232|02/21/2033, 5.23%, 02/21/33 AVSGRO BL5557386 - 500,000 $595,913 $595,913 0.36 $588,383
DIOT-SIACI BidCo SAS|5.377|07/26/2032, 5.38%, 07/26/32 SIACFP BL5546108 - 500,000 $594,314 $594,314 0.36 $590,708
Althea Acquisition Bidco SARL|5.328|01/10/2033, 5.33%, 01/10/33 ZENTIV BL5254679 - 500,000 $593,183 $593,183 0.36 $590,744
Carvana Co. 9.0% 01-JUN-2030, 9.00%, 06/01/30 CVNA 146869AN2 - 558,227 $591,588 $591,588 0.35 $579,586
Ahlstrom Holding 3 Oy|5.774|05/31/2030, 5.77%, 05/31/30 AHLMUN BL5287117 - 500,000 $591,542 $591,542 0.35 $590,220
Talen Energy Supply, LLC 6.375% 01-MAY-2033, 6.38%, 05/01/33 TLN 87422VAP3 - 587,000 $589,722 $589,722 0.35 $588,475
Hologic Inc Term Loan B 14-Jan-2033, 4.83%, 04/07/33 HOLX 43644ABM0 - 500,000 $589,476 $589,476 0.35 $587,582
Gategroup Finance International Sarl|5.622|06/10/2032, 5.62%, 06/10/32 GATESW BL5316619 - 500,000 $589,235 $589,235 0.35 $585,557
Froneri Lux FinCo SARL|5.149|09/30/2032, 5.15%, 09/30/32 ICECR BL5164100 - 500,000 $589,121 $589,121 0.35 $588,194
Vodafoneziggo Group Holding Bv 31-Oct-2019 Term Loan 31-Jan-2029, 5.00%, 01/31/29 ZIGGO BL3193739 - 500,000 $588,114 $588,114 0.35 $585,987
Grifols International Services DAC|5.198|04/14/2033, 5.20%, 04/14/33 GRFSM BL5625134 - 500,000 $587,883 $587,883 0.35 $591,986
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - 579,913 $586,960 $586,960 0.35 $582,791
Financiere Pax SAS|5.635|12/31/2029, 5.63%, 12/31/29 AREWOR BL5354511 - 500,000 $585,277 $585,277 0.35 $581,683
SCIH Salt Holdings Inc. 6.625% 01-MAY-2029, 6.62%, 05/01/29 MORTON 78433BAB4 - 586,000 $581,936 $581,936 0.35 $580,858
Bath & Body Works, Inc. 6.95% 01-MAR-2033, 6.95%, 03/01/33 BBWI 532716AK3 - 589,000 $581,375 $581,375 0.35 $573,415
UMBS TBA 30yr 2.5% June Delivery, 2.50%, 06/11/26 FNCL 01F022667 - 685,000 $576,376 $576,376 0.35 $576,376
Sotheby's ArtFi Master Trust Series 2026-1 D 5.54% 20-JUN-2033, 5.54%, 06/20/33 ARTFI 2026-1A 83589DAE6 - 570,000 $576,358 $576,358 0.35 $567,762
ALLY BK AUTO CR LKD NT 2025-B E, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - 573,043 $572,144 $572,144 0.34 $569,593
Risewell Homes Inc. 8.5% 01-NOV-2030, 8.50%, 11/01/30 NWHM 645370AG2 - 557,000 $569,631 $569,631 0.34 $568,316
Wells Fargo Commercial Mortgage Trust 2025-1918 A 5.57549% 15-SEP-2040, 5.76%, 09/15/40 WFCM 2025-1918 95004QAA6 - 561,000 $561,310 $561,310 0.34 $557,718
Voyager Parent, LLC 9.25% 01-JUL-2032, 9.25%, 07/01/32 EVRI 92921EAA0 - 506,000 $556,369 $556,369 0.33 $539,467
Morgan Stanley 5.192% 17-APR-2031, 5.19%, 04/17/31 MS 61747YFZ3 - 543,000 $553,891 $553,891 0.33 $552,011
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - 545,050 $552,040 $552,040 0.33 $550,455
HLF Financing SARL LLC 7.75% 01-MAY-2033, 7.75%, 05/01/33 HLF 40390DAE5 - 541,000 $551,934 $551,934 0.33 $550,536
FHF ISSUER TRUST 2024-1 0% 30, 5.75%, 05/15/30 FHF 2025-2A 30343DAB0 - 543,000 $548,328 $548,328 0.33 $546,074
Burford Capital Global Finance LLC 7.5% 15-JUL-2033, 7.50%, 07/15/33 BURLN 12116LAG4 - 642,000 $545,165 $545,165 0.33 $529,650
Bellis Acquisition Co PLC|6.123|05/14/2031, 6.12%, 05/14/31 ASSDLN BL4643740 - 500,000 $543,304 $543,304 0.33 $540,800
Kohl's Corporation 10.0% 01-JUN-2030, 10.00%, 06/01/30 KSS 500255AY0 - 476,000 $536,839 $536,839 0.32 $515,683
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 B2 12.14516% 25-FEB-2042, 12.15%, 02/25/42 STACR 2022-DNA2 35564KSQ3 - 507,575 $536,501 $536,501 0.32 $534,104
Verde Purchaser, LLC 10.5% 30-NOV-2030, 10.50%, 11/30/30 VRTV 92339LAA0 - 494,000 $534,959 $534,959 0.32 $511,761
SWCH Commercial Mortgage Trust 2025-DATA F 7.89363% 15-FEB-2042, 7.89%, 02/15/42 SWCH 2025-DATA 78489CAF6 - 530,000 $533,022 $533,022 0.32 $529,994
AppLovin Corporation 5.5% 01-DEC-2034, 5.50%, 12/01/34 APP 03831WAD0 - 512,000 $527,188 $527,188 0.32 $514,672
Victra Holdings, LLC 8.75% 15-SEP-2029, 8.75%, 09/15/29 VICTRA 92648DAA4 - 501,000 $525,149 $525,149 0.31 $518,330
Cp Atlas Buyer Inc Term Loan B 08-Jul-2030, 8.90%, 07/08/30 AMBATH 12658HAL6 - 590,035 $523,509 $523,509 0.31 $521,904
Caesars Entertainment, Inc. 6.0% 15-OCT-2032, 6.00%, 10/15/32 CZR 12769GAD2 - 575,000 $522,853 $522,853 0.31 $520,361
NRG Energy, Inc. 6.125% 15-MAY-2036, 6.12%, 05/15/36 NRG 629377DG4 - 523,000 $521,543 $521,543 0.31 $520,386
Modena Buyer Llc Term Loan 01-Jul-2031, 7.91%, 07/01/31 ENUSCO 60753DAC8 - 573,560 $519,455 $519,455 0.31 $518,068
Marex Group plc 5.68% 21-APR-2031, 5.68%, 04/21/31 MARGRO 566539AD4 - 517,000 $518,593 $518,593 0.31 $516,962
Citigroup Inc. 6.5% PERP, 6.50%, 05/15/99 C 172967QK0 - 506,000 $516,826 $516,826 0.31 $508,695
Syntegon TopCo GmbH|5.481|11/30/2032, 5.48%, 11/30/32 BOSPAC BL5558228 - 430,000 $514,225 $514,225 0.31 $507,827
Osaic Holdings, Inc. 6.75% 01-AUG-2032, 6.75%, 08/01/32 ADVGRO 00791GAB3 - 493,000 $511,605 $511,605 0.31 $502,362
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - 494,723 $507,394 $507,394 0.30 $505,797
USA Compression Partners, LP 6.25% 01-OCT-2033, 6.25%, 10/01/33 USAC 91740PAH1 - 496,000 $506,136 $506,136 0.30 $502,692
Level 3 Financing, Inc. 7.5% 15-FEB-2037, 7.50%, 02/15/37 LVLT 527298CR2 - 497,847 $504,428 $504,428 0.30 $504,428
General Motors Financial Co Cum Red Perp Pfd Shs Series A, 5.75%, 03/30/99 GM 37045XCA2 - 504,000 $503,480 $503,480 0.30 $500,179
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - 496,000 $502,296 $502,296 0.30 $500,862
Six Flags Entertainment Corporation 8.625% 15-JAN-2032, 8.62%, 01/15/32 FUN 83003AAA8 - 473,000 $502,041 $502,041 0.30 $488,783
Rand Parent, LLC 8.5% 15-FEB-2030, 8.50%, 02/15/30 AAWW 753272AA1 - 474,000 $501,683 $501,683 0.30 $492,058
JPMorgan Chase & Co. 6.1% PERP, 6.10%, 07/01/99 JPM 48128BAR2 - 497,000 $500,540 $500,540 0.30 $500,203
Santander Bank Auto Credit-Linked Notes, Series 2025-A E 6.274% 15-JAN-2034, 6.27%, 01/16/34 SBCLN 2025-A 80290CCU6 - 500,000 $500,268 $500,268 0.30 $498,003
Hilton Grand Vacations Borrower Escrow LLC 4.875% 01-JUL-2031, 4.88%, 07/01/31 HGVLLC 43284MAB4 - 527,000 $499,152 $499,152 0.30 $489,874
LATAM Airlines Group S.A. 7.625% 07-JAN-2031, 7.62%, 01/07/31 LTMCI 51817RAE6 - 473,000 $496,226 $496,226 0.30 $483,803
Long Ridge Energy LLC|8.19961|02/19/2032, 8.20%, 02/19/32 LONRID BL4986818 - 486,470 $492,686 $492,686 0.30 $488,143
Roblox Corporation 3.875% 01-MAY-2030, 3.88%, 05/01/30 RBLX 771049AA1 - 521,000 $491,997 $491,997 0.29 $491,436
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.14516% 25-OCT-2041, 11.15%, 10/25/41 STACR 2021-DNA6 35564KLV9 - 476,492 $491,059 $491,059 0.29 $488,993
LUXURY LEASE PARTN 2025-A 5.51%32 A, 5.51%, 03/15/32 LLP 2025-A 55069BAA5 - 490,708 $490,878 $490,878 0.29 $488,925
TeamSystem S.p.A. FRN 31-JUL-2031, 5.70%, 07/31/31 TITANL YW4172816 - 420,000 $486,050 $486,050 0.29 $484,041
Proampac Pg Borrower Llc Term Loan B 09-Feb-2033, 7.65%, 03/07/33 PROLAM 74274NAM5 - 493,605 $484,640 $484,640 0.29 $483,486
Arini European CLO II DR 5.354% 15-OCT-2038, 5.35%, 10/15/38 ARINI 2A BCC3QF9B9 - 400,000 $477,055 $477,055 0.29 $475,233
VERTICAL BRIDGE LLC 2016-1 5.602% 55, 5.60%, 08/16/55 VBTOW 2025-1A 92535VAS1 - 475,000 $474,050 $474,050 0.28 $472,128
Bread Financial Holdings, Inc. 6.75% 15-MAY-2031, 6.75%, 05/15/31 BFH 018581AR9 - 447,000 $472,358 $472,358 0.28 $456,853
GGP Trust 2026-2PAK A 6.026782% 10-MAY-2043, 6.03%, 04/10/43 GGP 2026-2PAK 37441HAA9 - 468,000 $467,405 $467,405 0.28 $466,073
Wells Fargo Commercial Mortgage Trust 2025-VTT E 6.90721% 15-MAR-2038, 7.14%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - 461,000 $466,480 $466,480 0.28 $462,825
CD&R Firefly Bidco Plc 8.625% 30-APR-2029, 8.62%, 04/30/29 MOTFUE 9RB6I8XX3 - 320,000 $465,409 $465,409 0.28 $448,591
Sierra Timeshare 2026-1 Receivables Funding D 7.1% 20-DEC-2042, 7.10%, 12/22/42 SRFC 2026-1A 82652VAD2 - 466,203 $463,862 $463,862 0.28 $461,931
Ensemble Rcm Llc Term Loan B 01-Jan-2033, 6.66%, 02/09/33 ENSHLT 29359BAH4 - 465,309 $463,432 $463,432 0.28 $462,484
Mohegan Escrow Issuer, LLC 11.875% 15-APR-2031, 11.88%, 04/15/31 MOHEGN 60832QAB6 - 420,000 $459,549 $459,549 0.28 $455,947
Winterfell Financing Sarl|7.127|05/04/2028, 7.13%, 05/04/28 STKGRP BL4232304 - 500,000 $455,560 $455,560 0.27 $445,558
Cyprium Corporation 6.375% 15-APR-2034, 6.38%, 04/15/34 VGNT 23292NAB4 - 446,000 $451,848 $451,848 0.27 $447,662
CoreWeave, Inc. 9.75% 01-OCT-2031, 9.75%, 10/01/31 CRWV 21873SAG3 - 440,000 $450,884 $450,884 0.27 $447,667
UPG HI 2026-1 Issuer Trust|6.39|02/25/2048, 6.39%, 02/25/48 UPGHI 2026-1 90321BAB4 - 450,000 $450,567 $450,567 0.27 $450,327
PennyMac Financial Services, Inc. 6.75% 15-FEB-2034, 6.75%, 02/15/34 PFSI 70932MAH0 - 458,000 $449,261 $449,261 0.27 $441,876
First Quantum Minerals Ltd. 7.25% 15-FEB-2034, 7.25%, 02/15/34 FMCN 335934AX3 - 429,000 $447,986 $447,986 0.27 $440,556
BridgeBio Pharma, Inc. 0.75% 01-FEB-2033, 0.75%, 02/01/33 BBIO 10806XAK8 - 461,000 $446,244 $446,244 0.27 $445,188
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 $443,834 $443,834 0.27 $440,704
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - 443,000 $439,321 $439,321 0.26 $438,187
MKT 2020-525M Mortgage Trust A 2.694% 12-FEB-2040, 2.69%, 02/12/40 MKT 2020-525M 55316PAA5 - 482,000 $437,465 $437,465 0.26 $436,022
Morgan Stanley 4.809% 16-APR-2032, 4.81%, 04/16/32 MS 61748UAW2 - 435,000 $435,940 $435,940 0.26 $434,545
CMS Energy Corporation 6.5% 01-JUN-2055, 6.50%, 06/01/55 CMS 125896BY5 - 411,000 $435,378 $435,378 0.26 $423,504
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - 426,000 $434,144 $434,144 0.26 $431,853
SoftBank Group Corp. 6.875% 10-JAN-2031, 6.88%, 01/10/31 SOFTBK YN8694278 - 425,000 $426,207 $426,207 0.26 $416,386
Century Communities, Inc. 6.625% 15-SEP-2033, 6.62%, 09/15/33 CCS 156504AN2 - 421,000 $423,807 $423,807 0.25 $419,469
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - 422,822 $423,037 $423,037 0.25 $421,758
Wilsonart LLC 11.0% 15-AUG-2032, 11.00%, 08/15/32 WLSNRT 97246JAA6 - 534,000 $422,159 $422,159 0.25 $408,127
Polus Eu Clo Xxi Design AB FLTG 39, 4.73%, 04/25/39 POLSE 21A BCC3TMN66 - 350,000 $416,245 $416,245 0.25 $416,245
Azuria Water Solutions Inc Term Loan B 27-Jan-2033, 6.42%, 02/28/33 AEGN 05503BAB2 - 414,811 $415,550 $415,550 0.25 $414,811
Proofpoint Inc Term Loan 31-Aug-2028, 6.70%, 08/31/28 PFPT 74345HAJ0 - 421,151 $412,897 $412,897 0.25 $409,683
North Westerly V Leveraged Loan Strategies CLO DAC|5.784|07/20/2039, 5.78%, 07/20/39 NWEST V-A BCC3VB096 - 350,000 $412,123 $412,123 0.25 $412,123
Talen Energy Supply, LLC 6.5% 01-FEB-2036, 6.50%, 02/01/36 TLN 87422VAN8 - 394,000 $410,155 $410,155 0.25 $396,354
Galaxy XXVI CLO Ltd., 6.01%, 07/31/26 GLXYT 2025-1 362922AA4 - 404,252 $408,976 $408,976 0.25 $406,413
CenterPoint Energy, Inc. 5.95% 01-APR-2056, 5.95%, 04/01/56 CNP 15189TBS5 - 406,000 $407,322 $407,322 0.24 $404,638
BX Commercial Mortgage Trust 2024-AIR2 D 6.44545% 15-OCT-2041, 6.45%, 10/15/41 BX 2024-AIR2 05613QAG5 - 403,815 $406,444 $406,444 0.24 $404,565
Connecticut Avenue Securities Trust 2022-R01 1B2 9.64516% 25-DEC-2041, 9.65%, 12/25/41 CAS 2022-R01 20754LAJ8 - 389,503 $401,411 $401,411 0.24 $399,950
EF Holdco Inc. 7.375% 30-SEP-2030, 7.38%, 09/30/30 EFC 31574BAA4 - 395,000 $399,066 $399,066 0.24 $395,748
Level 3 Financing, Inc. 3.75% 15-JUL-2029, 3.75%, 07/15/29 LVLT 527298BT9 - 406,000 $397,835 $397,835 0.24 $392,930
OEG Finance PLC 7.25% 27-SEP-2029, 7.25%, 09/27/29 OEGFIN YV9260469 - 320,000 $396,879 $396,879 0.24 $393,540
NRG Energy, Inc. 6.0% 15-JAN-2036, 6.00%, 01/15/36 NRG 629377DD1 - 380,000 $391,118 $391,118 0.23 $377,628
LEX Trust 2026-450 D 6.00471% 15-MAR-2043, 6.00%, 03/15/43 LEXT 2026-450 501970AG2 - 389,000 $390,689 $390,689 0.23 $389,002
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 6.89014% 20-SEP-2033, 6.89%, 09/20/33 HACLN 2025-2 44644NAR0 - 388,134 $389,992 $389,992 0.23 $388,432
QTS Issuer ABS II, Series 2026-1 B_2601 6.729% 05-JAN-2056, 6.73%, 01/05/56 QTSII 2026-1A 74690FAS5 - 392,305 $389,956 $389,956 0.23 $389,516
Fair Oaks Loan Funding VII DAC|4.034|07/15/2039, 4.03%, 07/15/39 FOAKS 7A BCC3V8LQ2 - 330,000 $389,118 $389,118 0.23 $389,118
Civitas Resources, Inc. 9.625% 15-JUN-2033, 9.62%, 06/15/33 SM 17888HAD5 - 335,000 $385,993 $385,993 0.23 $372,917
Rithm Capital Corp. 8.0% 15-JUL-2030, 8.00%, 07/15/30 RITM 64828TAC6 - 375,000 $384,715 $384,715 0.23 $375,049
Inspired Education US Holdings Inc|6.41339|02/28/2031, 6.41%, 02/28/31 INSHOL BL5508348 - 382,692 $382,727 $382,727 0.23 $381,977
M&T Bank Corporation Depositary Shs Repr 1/10th Fix-to-Fltg Non-Cum Red Perp Pfd Rg Sh Ser I, 3.50%, 03/01/99 MTB 55261FAN4 - 384,000 $381,813 $381,813 0.23 $379,200
Capital One Financial Corp 3.950 % Fixed-to-Fltg Non-Cum Perp Pfd Registered Shs Series M, 3.95%, 09/01/99 COF 14040HCF0 - 380,000 $380,977 $380,977 0.23 $378,058
PR RNO Property Owner 1, LLC 6.5% 01-MAY-2031, 6.50%, 05/01/31 TRACTD 69393LAA1 - 381,000 $379,447 $379,447 0.23 $378,759
U.S. Bancorp Contingent Convertable Notes Repr 1/25th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser N, 3.70%, 01/15/99 USB 902973BC9 - 383,000 $378,638 $378,638 0.23 $377,614
Antero Resources Corporation 5.4% 01-FEB-2036, 5.40%, 02/01/36 AR 03674XAU0 - 377,000 $377,282 $377,282 0.23 $371,458
Kioxia Holdings Corporation 6.625% 24-JUL-2033, 6.62%, 07/24/33 KIOXIA 49726JAB4 - 353,000 $375,723 $375,723 0.23 $368,772
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - 374,000 $374,753 $374,753 0.22 $373,564
BioMarin Pharmaceutical Inc. BMRN US 09061G101 - 6,823 $368,851 $368,851 0.22 $368,851
STACK INFRASTRUCTURE ISSUER A2, 5.00%, 03/27/56 SIDC 2026-1A 85236KAR3 - 378,000 $368,628 $368,628 0.22 $367,788
FIGRE Trust 2024-HE6 C 5.974% 25-DEC-2054, 5.97%, 12/25/54 FIGRE 2024-HE6 31684DAC3 - 361,644 $365,482 $365,482 0.22 $363,081
JH North America Holdings Inc. 5.875% 31-JAN-2031, 5.88%, 01/31/31 JHXAU 46593WAA3 - 358,000 $364,353 $364,353 0.22 $358,453
Mohegan Escrow Issuer, LLC 8.25% 15-APR-2030, 8.25%, 04/15/30 MOHEGN 60832QAA8 - 347,000 $363,201 $363,201 0.22 $361,133
Jones Deslauriers Insurance Management Inc|6.66339|02/02/2033, 6.66%, 02/02/33 NAVCOR BL5337474 - 362,000 $360,475 $360,475 0.22 $359,738
Rivers Enterprise Intermediate, LLC 6.25% 15-OCT-2030, 6.25%, 10/15/30 RIVENT 76884GAA3 - 353,000 $360,330 $360,330 0.22 $358,736
Howard Midstream Energy Partners, LLC 6.625% 15-JAN-2034, 6.62%, 01/15/34 HOWARD 442722AD6 - 346,000 $358,353 $358,353 0.21 $350,966
Stellantis Finance US, Inc. 6.45% 18-MAR-2035, 6.45%, 03/18/35 STLA 85855CAL4 - 350,000 $355,272 $355,272 0.21 $351,948
VMED O2 UK Financing I Plc 6.75% 15-JAN-2033, 6.75%, 01/15/33 VMED 92858RAE0 - 393,000 $353,473 $353,473 0.21 $351,557
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - 348,250 $353,247 $353,247 0.21 $348,580
BX Trust 2024-VLT4 E 6.544114% 15-JUN-2041, 6.54%, 06/15/41 BX 2024-VLT4 05612TAJ4 - 355,015 $352,272 $352,272 0.21 $350,594
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.29516% 25-FEB-2045, 5.30%, 02/25/45 STACR 2025-HQA1 35564NHA4 - 350,000 $350,777 $350,777 0.21 $350,057
BXHPP Trust 2021-FILM B 4.669% 15-AUG-2036, 4.67%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - 375,000 $350,700 $350,700 0.21 $349,435
SunocoCorp LLC SUNC US 86765Q106 - 5,229 $350,552 $350,552 0.21 $345,375
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - 348,000 $350,436 $350,436 0.21 $348,923
Carnival Corporation 5.75% 01-AUG-2032, 5.75%, 08/01/32 CCL 143658CA8 - 343,000 $350,358 $350,358 0.21 $344,880
SM Energy Company 7.0% 01-AUG-2032, 7.00%, 08/01/32 SM 78454LAY6 - 331,000 $345,078 $345,078 0.21 $338,642
Switch ABS Issuer, Series 2024-2 A2_2402 5.436% 25-MAY-2054, 5.44%, 06/25/54 SWTCH 2024-2A 871044AE3 - 345,000 $344,010 $344,010 0.21 $343,177
Inizio Group Ltd Term Loan B 19-Aug-2028, 8.05%, 08/21/28 UDGLN 12509YAE6 - 367,000 $342,824 $342,824 0.21 $339,475
Revolution Medicines, Inc 0.5% 01-MAY-2033, 0.50%, 05/01/33 RVMD 76155XAA8 - 310,000 $342,653 $342,653 0.21 $342,550
Veritiv Operating Co|7.69961|11/29/2030, 7.70%, 11/29/30 VRTV 92338TAB2 - 353,967 $341,147 $341,147 0.20 $338,237
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - 334,426 $339,971 $339,971 0.20 $338,097
Univision Communications Inc. 9.375% 01-AUG-2032, 9.38%, 08/01/32 UVN 914906BA9 - 319,000 $337,995 $337,995 0.20 $329,688
Uniti Services Llc Term Loan B 06-Oct-2032, 7.65%, 10/06/32 UNIT 97381JAK9 - 334,902 $337,448 $337,448 0.20 $336,577
BPR Trust 2024-PMDW E 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAL8 - 360,000 $335,208 $335,208 0.20 $334,623
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.24516% 25-DEC-2031, 7.25%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - 307,566 $335,189 $335,189 0.20 $310,157
JPMorgan Chase & Co. 5.148% 23-APR-2037, 5.15%, 04/23/37 JPM 46647PFP6 - 335,000 $335,148 $335,148 0.20 $334,285
APLD ComputeCo LLC 9.25% 15-DEC-2030, 9.25%, 12/15/30 APLD 00202DAA5 - 299,000 $333,853 $333,853 0.20 $320,715
Fora Financial Asset Securitization, Series 2024-1 A 6.33% 15-MAY-2027, 6.33%, 08/15/29 FORA 2024-1A 34512PAA2 - 330,000 $332,082 $332,082 0.20 $330,573
OneMain Finance Corporation 6.5% 15-MAR-2033, 6.50%, 03/15/33 OMF 682691AM2 - 336,000 $331,874 $331,874 0.20 $328,476
GS Mortgage Securities Corporation Trust 2025-800D A 6.30471% 17-NOV-2041, 6.31%, 11/25/41 GSMS 2025-800D 36273XAA9 - 330,000 $331,338 $331,338 0.20 $330,008
F.I.S. Fabbrica Italiana Sintetici S.p.A. FRN 05-FEB-2031, 5.40%, 02/05/31 FISITA YI4040550 - 280,000 $331,263 $331,263 0.20 $330,922
Polus Eu Clo Xxi Design AB FLTG 39, 4.23%, 04/25/39 POLSE 21A BCC3TMN58 - 280,000 $331,117 $331,117 0.20 $331,117
Talen Energy Supply, LLC 6.25% 01-FEB-2034, 6.25%, 02/01/34 TLN 87422VAM0 - 321,000 $331,114 $331,114 0.20 $320,303
ESAB Corporation 5.625% 01-APR-2031, 5.62%, 04/01/31 ESAB 29605JAB2 - 327,000 $330,880 $330,880 0.20 $328,581
Palmer Square European CLO 2021-2 DR 5.354% 15-MAR-2038, 5.35%, 03/15/38 PLMER 2021-2A BCC3Q13Y6 - 280,000 $330,842 $330,842 0.20 $329,567
Hudson River Trading Llc Term Loan B 18-Mar-2030, 6.16%, 03/18/30 HURVTR 44413EAK4 - 327,014 $329,271 $329,271 0.20 $328,096
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - 325,000 $326,262 $326,262 0.20 $325,233
MHP Commercial Mortgage Trust 2021-STOR F 5.96948% 15-JUL-2038, 5.97%, 07/15/38 MHP 2021-STOR 55293BAM7 - 325,000 $326,207 $326,207 0.20 $324,806
New Residential Mortgage Loan Trust 2024-RTL1 A2 7.101% 25-MAR-2039, 7.10%, 03/25/39 NRMLT 2024-RTL1 64831PAB1 - 323,000 $324,718 $324,718 0.19 $323,699
Raven Acquisition Holdings, LLC 6.875% 15-NOV-2031, 6.88%, 11/15/31 RCM 75420NAA1 - 318,000 $323,803 $323,803 0.19 $313,114
Aretec Group Inc Term Loan B-4 09-Aug-2030, 6.65%, 08/09/30 RCAP 04009DAJ3 - 315,705 $317,935 $317,935 0.19 $317,176
CoreWeave Financing DDTL V LLC|8.1522|11/06/2031, 8.15%, 11/06/31 CRWC 21882DAB6 - 310,000 $316,470 $316,470 0.19 $315,909
Caturus Energy, LLC 7.125% 15-MAY-2031, 7.12%, 05/15/31 KTGLLC 149482AA9 - 315,000 $314,742 $314,742 0.19 $313,869
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.616865% 27-SEP-2052, 0.89%, 09/27/52 BAMLL 05494BAJ6 - 327,626 $313,267 $313,267 0.19 $312,944
Millrose Properties, Inc. 6.375% 01-AUG-2030, 6.38%, 08/01/30 MRP 601137AA0 - 303,000 $312,931 $312,931 0.19 $308,317
SLM Corporation 15-MAY-2032, 6.50%, 05/15/32 SLM 78442PGG5 - 311,000 $310,572 $310,572 0.19 $310,572
HLF Financing SARL LLC 4.875% 01-JUN-2029, 4.88%, 06/01/29 HLF 40390DAC9 - 323,000 $309,408 $309,408 0.19 $302,409
Research-Driven Pagaya Motor Asset Trust 2026-R1 (RPM 2026-R1) A 5.659% 25-JUL-2034, 5.66%, 07/25/34 RPM 2026-R1A 76089TAA8 - 305,847 $307,228 $307,228 0.18 $306,459
AOA 2025-1301 D 6.22269% 11-AUG-2042, 6.43%, 08/11/42 AOA 2025-1301 682461AJ7 - 302,000 $305,259 $305,259 0.18 $303,101
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.17616% 15-MAR-2038, 6.38%, 03/15/38 WFCM 2025-VTT 94990GAG4 - 302,000 $304,342 $304,342 0.18 $302,201
Di Issuer LLC, 5.90%, 12/15/55 LMDV 2025-1A 538908AC8 - 301,000 $303,483 $303,483 0.18 $302,201
American Airlines Inc/AAdvantage Loyalty IP Ltd|5.75|04/20/2029, 5.75%, 04/20/29 AAL 00253XAB7 - 302,000 $302,876 $302,876 0.18 $301,863
Six Flags Entertainment Corporation 7.25% 15-MAY-2031, 7.25%, 05/15/31 FUN 83001AAD4 - 292,000 $302,863 $302,863 0.18 $292,514
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 $301,300 $301,300 0.18 $300,047
Kodiak Gas Services, LLC 5.875% 01-APR-2031, 5.88%, 04/01/31 KGS 50012LAF1 - 296,000 $300,840 $300,840 0.18 $298,377
BX Trust 2026-CIP|6.75|05/15/2038, 6.75%, 05/15/38 BX 2026-CIP 123917AJ5 - 300,000 $300,000 $300,000 0.18 $300,000
American Electric Power Company, Inc. 3.875% 15-FEB-2062, 3.88%, 02/15/62 AEP 025537AU5 - 298,000 $296,399 $296,399 0.18 $293,641
BX Trust 2025-ROIC E 6.596% 15-FEB-2042, 6.60%, 03/15/30 BX 2025-ROIC 05593VAN3 - 293,781 $295,069 $295,069 0.18 $293,669
North Westerly V Leveraged Loan Strategies CLO DAC|4.734|07/20/2039, 4.73%, 07/20/39 NWEST V-A BCC3VB088 - 250,000 $294,374 $294,374 0.18 $294,374
Fair Oaks Loan Funding VII DAC|5.284|07/15/2039, 5.28%, 07/15/39 FOAKS 7A BCC3V8LS8 - 250,000 $294,374 $294,374 0.18 $294,374
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - 295,452 $293,584 $293,584 0.18 $292,912
SCG Trust 2025-SNIP E 7.05471% 15-SEP-2042, 7.05%, 09/15/42 SCG 2025-SNIP 78398JAJ3 - 290,000 $292,565 $292,565 0.18 $291,087
Connecticut Avenue Securities Trust 2022-R07 1B2 15.64516% 25-JUN-2042, 15.65%, 06/25/42 CAS 2022-R07 20754MAL1 - 260,263 $291,300 $291,300 0.17 $289,717
BX Trust 2026-CART D 5.55471% 15-FEB-2036, 5.55%, 02/15/36 BX 2026-CART 12433MAG8 - 290,000 $290,982 $290,982 0.17 $289,818
BX Commercial Mortgage Trust 2026-XL6 D 5.75471% 15-MAR-2043, 5.75%, 03/15/43 BX 2026-XL6 12433NAG6 - 290,000 $290,120 $290,120 0.17 $288,914
Viper Energy Partners LLC 5.7% 01-AUG-2035, 5.70%, 08/01/35 VNOM 92764MAB0 - 279,000 $288,649 $288,649 0.17 $284,231
Ahlstrom Oyj /Fi/ Term Loan B 23-May-2030, 8.21%, 05/24/30 AHLMUN 78475BAB3 - 288,942 $287,610 $287,610 0.17 $284,908
Royal Caribbean Cruises Ltd|5.375|01/15/2036, 5.38%, 01/15/36 RCL 78017TAB9 - 285,000 $285,991 $285,991 0.17 $281,055
CVS Health Corporation 6.75% 10-DEC-2054, 6.75%, 12/10/54 CVS 126650EG1 - 267,000 $285,811 $285,811 0.17 $278,252
Capital One Financial Corporation 6.183% 30-JAN-2036, 6.18%, 01/30/36 COF 14040HDJ1 - 273,000 $284,682 $284,682 0.17 $279,947
Extended Stay America Trust 2026-ESH2 E 6.55471% 15-FEB-2043, 6.55%, 02/15/43 ESA 2026-ESH2 30227WAJ2 - 281,144 $284,531 $284,531 0.17 $283,200
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - 280,000 $283,952 $283,952 0.17 $281,463
First Quantum Minerals Ltd. 6.375% 15-FEB-2036, 6.38%, 02/15/36 FMCN 335934AY1 - 284,000 $282,943 $282,943 0.17 $279,171
Allwyn Entertainment Financing (UK) Plc 4.625% 15-AUG-2031, 4.62%, 08/15/31 SAZKAG YI9620174 - 240,000 $282,361 $282,361 0.17 $279,420
Research-Driven Pagaya Motor Asset Trust 2026-2 (RPM 2026-2) A4 5.62% 25-FEB-2035, 5.62%, 02/26/35 RPM 2026-2A 76091HAD4 - 282,000 $281,656 $281,656 0.17 $280,819
PRM7 Trust 2025-PRM7 E 6.61844% 10-NOV-2042, 6.84%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - 278,000 $281,509 $281,509 0.17 $279,396
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 5.74516% 25-SEP-2041, 5.75%, 09/25/41 STACR 2021-HQA3 35564KJP5 - 277,867 $279,614 $279,614 0.17 $278,993
River Rock Entertainment Authority Term Loan B 01-Dec-2031, 12.65%, 11/24/31 RIVER 76837PAC7 - 280,000 $278,873 $278,873 0.17 $277,200
Westlake Automobile Receivables Trust Series 2025-P1 D 5.59% 15-JUL-2032, 5.59%, 07/15/32 WLAKE 2025-P1 96043LAG5 - 275,000 $278,428 $278,428 0.17 $277,318
Gloves Buyer Inc Term Loan B 21-May-2032, 7.65%, 05/24/32 PROINP 37987UAG7 - 276,864 $277,630 $277,630 0.17 $276,864
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 $277,355 $277,355 0.17 $276,444
Millrose Properties, Inc. 6.25% 15-SEP-2032, 6.25%, 09/15/32 MRP 601137AB8 - 269,000 $274,176 $274,176 0.16 $271,561
Toronto-Dominion Bank 6.35% 31-OCT-2085, 6.35%, 10/31/85 TD 89116C4H7 - 269,000 $271,717 $271,717 0.16 $271,195
Qwest Capital Funding, Inc. 6.875% 15-JUL-2028, 6.88%, 07/15/28 QWECOM 912912AQ5 - 268,000 $270,654 $270,654 0.16 $264,717
INEOS US Petrochem LLC|8.00217|03/29/2029, 8.00%, 03/29/29 STYRO BL4462091 - 290,040 $268,997 $268,997 0.16 $268,287
Watco Companies, LLC 7.125% 01-AUG-2032, 7.12%, 08/01/32 WATCOS 941130AD8 - 254,000 $268,644 $268,644 0.16 $263,617
Dermatology Intermediate Holdings Iii Inc Term Loan 02-Apr-2029, 7.91%, 04/02/29 DEINHO 24982LAB1 - 275,703 $268,444 $268,444 0.16 $267,777
Michaels Companies, Inc. 8.5% 15-MAR-2033, 8.50%, 03/15/33 MIK 59408QAB2 - 263,000 $265,458 $265,458 0.16 $261,359
TEXAS Commercial Mortgage Trust 2025-TWR D 6.74531% 15-APR-2042, 6.75%, 04/15/42 TEXAS 2025-TWR 88231WAG0 - 271,000 $264,965 $264,965 0.16 $263,645
RCKT MORTGAGE TRUST 2026-CES4 0% 56, 5.94%, 04/25/56 RCKT 2026-CES4 74940CAE1 - 260,000 $260,505 $260,505 0.16 $258,789
Xcel Energy Inc. 5.75% 03-DEC-2056, 5.75%, 12/03/56 XEL 98389BBF6 - 254,000 $253,976 $253,976 0.15 $251,218
Sierra Timeshare 2025-1 Receivables Funding D 6.86% 20-JAN-2042, 6.86%, 01/21/42 SRFC 2025-1A 82653CAD3 - 254,526 $252,632 $252,632 0.15 $251,613
Atlas Warehouse Lending Company, L.P. 4.95% 15-NOV-2030, 4.95%, 11/15/30 ATWALD 049463AG7 - 250,000 $252,189 $252,189 0.15 $246,070
Connecticut Avenue Securities Trust 2022-R06 1M2 7.49516% 25-MAY-2042, 7.50%, 05/25/42 CAS 2022-R06 20754NAK1 - 243,000 $250,304 $250,304 0.15 $249,596
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - 248,229 $250,259 $250,259 0.15 $248,692
GCI LIBERTY 12% SERIES A CUMULATIVE PREFERRED, 12.00%, 07/15/32 GCI 3385617 - 250.00 $250,000 $250,000 0.15 $250,000
Structured Agency Credit Risk (STACR) Debt Notes, Series 2020-HQA5 B2 11.04516% 25-NOV-2050, 11.05%, 11/25/50 STACR 2020-HQA5 35565TBE8 - 205,047 $249,948 $249,948 0.15 $249,068
Atlas Warehouse Lending Company, L.P. 5.25% 15-JAN-2033, 5.25%, 01/15/33 ATWALD 049463AH5 - 250,000 $249,493 $249,493 0.15 $245,483
Lavender Dutch Borrowerco Bv Term Loan B 17-Sep-2032, 6.95%, 12/31/32 LAVEND 51944RAB8 - 248,596 $249,167 $249,167 0.15 $247,199
Navient Corporation 5.5% 15-MAR-2029, 5.50%, 03/15/29 NAVI 63938CAM0 - 256,000 $248,270 $248,270 0.15 $246,080
Aretec Escrow Issuer Inc. 10.0% 15-AUG-2030, 10.00%, 08/15/30 RCAP 04020JAA4 - 229,000 $248,217 $248,217 0.15 $242,746
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - 242,859 $246,646 $246,646 0.15 $245,237
Surgery Center Holdings, Inc. 7.25% 15-APR-2032, 7.25%, 04/15/32 SURCEN 86881WAF9 - 242,000 $245,743 $245,743 0.15 $244,476
Navient Corporation 5.0% 15-MAR-2027, 5.00%, 03/15/27 NAVI 63938CAK4 - 244,000 $244,811 $244,811 0.15 $242,913
Westgate Resorts 2026-1 C 6.08% 20-OCT-2039, 6.08%, 10/20/39 WESTR 2026-1A 959921AC1 - 243,021 $244,640 $244,640 0.15 $242,998
Reach ABS Trust 2026-1 D 5.16% 15-FEB-2033, 5.16%, 02/15/33 REACH 2026-1A 75526XAD6 - 250,000 $244,628 $244,628 0.15 $243,696
Univision Communications Inc. 8.875% 15-APR-2033, 8.88%, 04/15/33 UVN 914906BB7 - 241,000 $242,545 $242,545 0.15 $241,000
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - 246,432 $241,621 $241,621 0.14 $240,951
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - 248,000 $241,217 $241,217 0.14 $240,564
SE Cosmos, LLC 8.875% 01-MAY-2031, 8.88%, 05/01/31 SECMOS 78438PAA0 - 239,000 $240,908 $240,908 0.14 $240,672
Sword Purchaser, LLC 10.5% 15-APR-2034, 10.50%, 04/15/34 SEE 87110CAA5 - 225,000 $233,595 $233,595 0.14 $231,495
MetroNet Infrastructure Issuer, Series 2026-1 C_2026_1 7.1% 20-APR-2056, 7.10%, 04/20/56 MNET 2026-1A 59170JBL1 - 229,000 $232,479 $232,479 0.14 $230,176
RKTL 2026-1 5.21%35 D, 5.21%, 02/26/35 RKTL 2026-1A 74990JAD7 - 234,000 $232,220 $232,220 0.14 $230,663
Rocket Software Inc|7.40217|11/28/2028, 7.40%, 11/28/28 ROCSOF 77313DAW1 - 239,397 $231,823 $231,823 0.14 $231,528
Flutter Treasury Designated Activity Company 6.125% 04-JUN-2031, 6.12%, 06/04/31 FLTR YO7610554 - 170,000 $229,186 $229,186 0.14 $228,161
Taseko Mines Limited 8.25% 01-MAY-2030, 8.25%, 05/01/30 TKOCN 876511AG1 - 218,000 $229,170 $229,170 0.14 $228,671
Taurus 2025-3 UK D 6.5471% 20-JUL-2035, 6.54%, 07/20/35 TAURS 2025-UK3A BCC3N1GT6 - 170,000 $229,102 $229,102 0.14 $228,729
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - 227,652 $228,486 $228,486 0.14 $227,928
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - 225,717 $227,927 $227,927 0.14 $227,170
PennyMac Financial Services, Inc. PFSI US 70932M107 - 2,515 $227,708 $227,708 0.14 $227,708
Park River Holdings, Inc. 8.75% 31-DEC-2030, 8.75%, 12/31/30 PRIMBP 70082LAD9 - 233,688 $227,040 $227,040 0.14 $221,360
Sword Purchaser LLC|7.6606|04/11/2033, 7.66%, 04/11/33 SEE 87110SAB8 - 231,618 $226,128 $226,128 0.14 $225,586
GLP Capital LP 5.625% 01-MAR-2036, 5.62%, 03/01/36 GLPI 361841AX7 - 223,000 $221,873 $221,873 0.13 $219,539
Park River Holdings Inc Term Loan B 15-Mar-2031, 8.19%, 03/17/31 PRIMBP 70082HAE6 - 219,725 $221,184 $221,184 0.13 $219,743
SEB Funding Series 2026-1 (Purpose Brands) A2 6.665% 30-JAN-2056, 6.67%, 01/30/56 SEB4P 2026-1A 78433DAD6 - 220,896 $220,660 $220,660 0.13 $218,183
Garda World Security Corporation 6.5% 15-JAN-2031, 6.50%, 01/15/31 GWCN 36485MAQ2 - 207,000 $217,591 $217,591 0.13 $211,087
Di Issuer LLC, 7.88%, 12/15/55 LMDV 2025-1A 538908AE4 - 214,000 $217,122 $217,122 0.13 $215,904
DT Midstream, Inc 5.8% 15-DEC-2034, 5.80%, 12/15/34 DTMINC 23345MAD9 - 205,000 $216,868 $216,868 0.13 $212,046
SALUDA GRADE ALTERNATIVE MORT A2, 6.75%, 03/25/31 GRADE 2026-RTL7 79584UAB7 - 217,000 $216,514 $216,514 0.13 $214,887
Citigroup Inc. 5.592% 19-NOV-2034, 5.59%, 11/19/34 C 172967PN5 - 205,000 $214,266 $214,266 0.13 $208,789
Extended Stay America Trust 2025-ESH E 7.00471% 15-OCT-2042, 7.00%, 10/15/42 ESA 2025-ESH 30227TAJ9 - 210,926 $212,804 $212,804 0.13 $211,737
Connecticut Avenue Securities Trust 2025-R01 1B1 5.34516% 25-JAN-2045, 5.35%, 01/25/45 CAS 2025-R01 20755JAG8 - 212,536 $212,491 $212,491 0.13 $212,049
Albion Financing 1 SARL 7.0% 21-MAY-2030, 7.00%, 05/21/30 AGKLN 01330AAA4 - 202,000 $211,620 $211,620 0.13 $209,420
Spa US HoldCo Inc|7.96122|02/04/2028, 7.96%, 02/04/28 AHLMUN BL3566777 - 208,368 $209,157 $209,157 0.13 $207,222
Star Parent Inc Term Loan B 27-Sep-2030, 7.70%, 09/30/30 SYNH 87169DAB1 - 206,161 $208,602 $208,602 0.13 $206,662
Asurion, LLC 8.375% 01-FEB-2034, 8.38%, 02/01/34 ASUCOR 045941AB7 - 206,000 $206,705 $206,705 0.12 $201,864
Western Funding Auto Loan Trust 2025-1 C 5.34% 15-NOV-2035, 5.34%, 11/15/35 WEFUN 2025-1 958250AC6 - 208,000 $206,414 $206,414 0.12 $205,612
Vistra Operations Co. LLC 6.0% 15-APR-2034, 6.00%, 04/15/34 VST 92840VAS1 - 198,000 $205,391 $205,391 0.12 $204,533
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - 257,817 $203,894 $203,894 0.12 $203,894
Nidda Healthcare Holding GmbH FRN 15-OCT-2032, 5.23%, 10/15/32 SAZGR YK5244370 - 170,000 $203,395 $203,395 0.12 $200,979
Algonquin Power & Utilities Corp. 4.75% 18-JAN-2082, 4.75%, 01/18/82 AQNCN 015857AH8 - 202,000 $203,096 $203,096 0.12 $200,084
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - 198,000 $202,906 $202,906 0.12 $201,919
Booz Allen Hamilton, Inc. 5.95% 15-APR-2035, 5.95%, 04/15/35 BAH 09951LAD5 - 199,000 $201,714 $201,714 0.12 $200,859
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.44516% 25-JUL-2048, 5.45%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - 200,893 $201,541 $201,541 0.12 $201,116
BioMarin Pharmaceutical Inc. 5.5% 15-FEB-2034, 5.50%, 02/15/34 BMRN 09061GAL5 - 200,000 $201,095 $201,095 0.12 $198,376
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - 802,000 $201,035 $201,035 0.12 $197,722
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - 187,768 $198,816 $198,816 0.12 $197,582
SCG Commercial Mortgage Trust 2025-FLWR E 6.40471% 15-AUG-2042, 6.40%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - 200,000 $198,789 $198,789 0.12 $197,864
Infinity Natural Resources, LLC 7.625% 01-APR-2031, 7.62%, 04/01/31 INFNAR 45690BAA3 - 193,000 $197,952 $197,952 0.12 $195,867
Olympus Water US Holding Corporation 7.25% 15-FEB-2033, 7.25%, 02/15/33 SOLEIN 681639AE0 - 200,000 $197,838 $197,838 0.12 $196,227
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - 192,862 $195,181 $195,181 0.12 $193,962
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - 243,129 $191,740 $191,740 0.11 $191,737
GNMA II TBA 30yr 4% May Delivery, 4.00%, 05/20/26 G2SF 21H040657 - 204,000 $191,053 $191,053 0.11 $191,053
Project Alpha Intermediate Holding Inc Term Loan B 26-Oct-2030, 6.95%, 10/28/30 QLIK 74339DAN8 - 250,321 $190,267 $190,267 0.11 $188,081
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 $188,756 $188,756 0.11 $187,927
Salas O'brien Inc|6.40217|01/31/2033, 6.40%, 01/31/33 SALOBR BL5450335 - 187,157 $188,360 $188,360 0.11 $188,093
CVS Health Corporation 7.0% 10-MAR-2055, 7.00%, 03/10/55 CVS 126650EH9 - 169,000 $178,133 $178,133 0.11 $176,129
Pioneer Opco LLC|7|05/15/2033, 7.00%, 05/15/33 VENRES 72382NAA4 - 176,000 $178,061 $178,061 0.11 $178,061
Westlake Automobile Receivables Trust 2026-1 D 4.75% 15-JUL-2031, 4.75%, 07/15/31 WLAKE 2026-1A 96043BAG7 - 179,000 $177,733 $177,733 0.11 $177,119
ALA Trust 2025-OANA D 6.74572% 15-JUN-2040, 6.75%, 06/15/40 ALA 2025-OANA 009920AG4 - 176,000 $177,227 $177,227 0.11 $176,369
Research-Driven Pagaya Motor Asset Trust 2026-R1 (RPM 2026-R1) B 6.211% 25-JUL-2034, 6.21%, 07/25/34 RPM 2026-R1A 76089TAB6 - 176,000 $176,817 $176,817 0.11 $176,331
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - 176,642 $176,213 $176,213 0.11 $175,439
Lendbuzz Securitization Trust 2026-1 A2 4.68% 15-JUL-2030, 4.68%, 07/15/30 LBZZ 2026-1A 525952AB3 - 174,604 $175,213 $175,213 0.10 $174,622
Mineral Resources Ltd|6.25|05/01/2034, 6.25%, 05/01/34 MINAU 603051AH6 - 176,000 $175,004 $175,004 0.10 $174,637
Burford Capital Global Finance LLC 8.5% 15-JAN-2034, 8.50%, 01/15/34 BURLN 12116LAJ8 - 200,000 $173,458 $173,458 0.10 $167,980
Mens Wearhouse Llc Term Loan B 01-Dec-2031, 9.42%, 01/28/31 TLRD 58711MAK5 - 171,286 $172,884 $172,884 0.10 $172,570
GWT Commercial Mortgage Trust 2024-WLF2 E 7.29314% 15-MAY-2041, 7.29%, 05/15/41 GWT 2024-WLF2 362414AJ3 - 171,000 $172,227 $172,227 0.10 $171,326
SWCH Commercial Mortgage Trust 2025-DATA E 6.99493% 15-FEB-2042, 6.99%, 02/15/42 SWCH 2025-DATA 78489CAE9 - 170,000 $168,814 $168,814 0.10 $167,955
Snap Inc. 0.5% 01-MAY-2030, 0.50%, 05/01/30 SNAP 83304AAK2 - 197,000 $166,689 $166,689 0.10 $166,662
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.3872% 15-NOV-2036, 6.39%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - 165,000 $165,711 $165,711 0.10 $164,950
Aligned Data Centers Issuer, Series 2021-1 A2_2021_1 1.937% 15-AUG-2046, 1.94%, 08/15/46 ADC 2021-1A 01627AAA6 - 164,000 $163,124 $163,124 0.10 $162,894
TAURUS 25-3 UK FLTG 2035, 5.74%, 07/20/35 TAURS 2025-UK3A BCC3N1GS8 - 120,000 $162,537 $162,537 0.10 $162,349
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - 158,994 $161,815 $161,815 0.10 $161,050
BX Trust 2026-CIP|5.75|05/15/2038, 5.75%, 05/15/38 BX 2026-CIP 123917AG1 - 160,000 $160,000 $160,000 0.10 $160,000
MTN Commercial Mortgage Trust 2026-LPFX E 6.560034% 15-MAY-2043, 6.56%, 05/15/43 MTN 2026-LPFX 624944AJ3 - 159,000 $159,255 $159,255 0.10 $158,878
UMBS TBA 30yr 6.5% June Delivery, 6.50%, 06/11/26 FNCL 01F062663 - 153,000 $158,918 $158,918 0.10 $158,918
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - 160,000 $158,689 $158,689 0.10 $158,182
Hudson's Bay Simon JV Trust 2015-HBS A10 4.1545% 05-AUG-2034, 4.15%, 08/05/34 HBCT 2015-HB10 44422PBN1 - 162,638 $155,907 $155,907 0.09 $155,719
Great Wolf Trust 2024-WOLF D 6.54471% 15-MAR-2039, 6.54%, 03/15/39 GWT 2024-WOLF 39152MAG0 - 154,000 $155,496 $155,496 0.09 $154,768
PNW Trust 2026-ARTE D 7.16351% 15-APR-2041, 7.16%, 04/15/41 PNW 2026-ARTE 73020TAG4 - 155,000 $155,424 $155,424 0.09 $154,622
FREMF 2023-K511 Mortgage Trust C 5.634155% 25-NOV-2028, 5.82%, 11/25/28 FREMF 2023-K511 30334FAG5 - 162,000 $153,270 $153,270 0.09 $152,222
Exeter Select Automobile Receivables Trust 2025-2 D 5.34% 15-JAN-2032, 5.34%, 01/15/32 ESART 2025-2 30185EAF0 - 150,000 $150,059 $150,059 0.09 $149,481
BX Commercial Mortgage Trust 2024-MF C 5.59561% 15-FEB-2039, 5.60%, 02/15/39 BX 2024-MF 05612EAE8 - 148,756 $149,734 $149,734 0.09 $149,133
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - 150,000 $149,698 $149,698 0.09 $149,082
RCKT MORTGAGE TR 2026-CES2 M1A, 5.36%, 02/25/56 RCKT 2026-CES2 74940EAE7 - 150,000 $148,943 $148,943 0.09 $148,051
Caesars Entertainment, Inc. CZR US 12769G100 - 5,248 $147,154 $147,154 0.09 $147,154
Prima Capital CRE Securitization 2019-1S C 5.5% 25-OCT-2038, 5.50%, 10/01/33 PRIMA 2019-1S 74166KAE0 - 175,000 $146,984 $146,984 0.09 $146,423
StoneX Group Inc. 7.875% 01-MAR-2031, 7.88%, 03/01/31 SNEX 861896AA6 - 136,000 $145,473 $145,473 0.09 $143,390
Parexel International Inc Term Loan B 31-Dec-2031, 6.40%, 12/12/31 PRXL 71911KAF1 - 144,638 $145,343 $145,343 0.09 $145,060
VB-S1 Issuer, Secured Tower Revenue Notes, Series 2026-1 (Vertical Bridge) D_2026_1 5.193% 15-MAR-2056, 5.19%, 03/15/56 VBTEL 2026-1A 91825HAC8 - 146,000 $145,163 $145,163 0.09 $144,616
Business Jet Securities, Series 2024-1 C 9.132% 15-MAY-2039, 9.13%, 05/15/39 BJETS 2024-1A 12327CAC8 - 141,663 $145,126 $145,126 0.09 $144,192
Qwest Capital Funding, Inc. 7.75% 15-FEB-2031, 7.75%, 02/15/31 QWECOM 74913EAJ9 - 151,000 $144,736 $144,736 0.09 $141,940
UnitedHealth Group, Inc. 5.3% 15-JUN-2035, 5.30%, 06/15/35 UNH 91324PFQ0 - 137,000 $143,000 $143,000 0.09 $140,056
Extended Stay America Trust 2026-ESH2 F 7.40471% 15-FEB-2043, 7.40%, 02/15/43 ESA 2026-ESH2 30227WAL7 - 141,042 $142,853 $142,853 0.09 $142,098
Las Vegas Sands Corp. 5.3% 15-MAY-2031, 5.30%, 05/15/31 LVS 517834AR8 - 142,000 $142,285 $142,285 0.09 $142,285
Pilgrim's Pride Corporation 6.25% 01-JUL-2033, 6.25%, 07/01/33 PPC 72147KAK4 - 131,000 $139,774 $139,774 0.08 $136,818
Arista Networks, Inc. ANET US 040413205 - 979.00 $138,793 $138,793 0.08 $138,793
Cogent Biosciences, Inc. 1.625% 15-NOV-2031, 1.62%, 11/15/31 COGT 19240QAA0 - 117,000 $137,160 $137,160 0.08 $136,246
Project Alpha Intermediate Holding Inc|8.69961|05/09/2033, 8.70%, 05/09/33 QLIK BL4806313 - 227,000 $136,234 $136,234 0.08 $133,930
VB-S1 Issuer, Secured Tower Revenue Notes, Series 2026-1 (Vertical Bridge) F_2026_1 6.843% 15-MAR-2056, 6.84%, 03/15/56 VBTEL 2026-1A 91825HAE4 - 128,000 $129,063 $129,063 0.08 $128,430
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 8.89014% 20-MAY-2032, 8.89%, 05/20/32 HACLN 2024-1 44644NAD1 - 124,637 $126,583 $126,583 0.08 $125,936
Pioneer Opco LLC|6.8993|05/07/2033, 6.90%, 05/07/33 VENRES BL5673365 - 122,613 $123,414 $123,414 0.07 $123,226
Osaic Holdings Inc Term Loan 01-Aug-2032, 6.16%, 08/02/32 ADVGRO 68773JAJ9 - 123,000 $123,319 $123,319 0.07 $123,087
Great Wolf Trust 2024-WOLF G 9.09071% 15-MAR-2039, 9.09%, 03/15/39 GWT 2024-WOLF 39152MAN5 - 117,000 $119,002 $119,002 0.07 $118,233
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - 118,000 $118,583 $118,583 0.07 $118,150
Matador Resources Company 6.0% 15-APR-2034, 6.00%, 04/15/34 MTDR 576485AJ5 - 117,000 $118,329 $118,329 0.07 $117,042
Extended Stay America Trust 2025-ESH F 7.75471% 15-OCT-2042, 7.75%, 10/15/42 ESA 2025-ESH 30227TAL4 - 112,687 $113,925 $113,925 0.07 $113,294
BXHPP Trust 2021-FILM A 4.419% 15-AUG-2036, 4.42%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - 117,000 $112,181 $112,181 0.07 $111,808
Victra Holdings Llc Term Loan B 29-Mar-2029, 7.45%, 03/29/29 VICTRA 50226BAN8 - 111,169 $111,440 $111,440 0.07 $110,474
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.09516% 25-OCT-2044, 5.10%, 10/25/44 STACR 2024-DNA3 35564NFA6 - 110,607 $110,833 $110,833 0.07 $110,614
LGI Homes, Inc. 7.0% 15-NOV-2032, 7.00%, 11/15/32 LGIH 50187TAK2 - 112,000 $110,446 $110,446 0.07 $106,613
Reno De Medici S.p.A. FRN 15-APR-2029, 7.10%, 04/15/29 SAFFA XS2798174434 - 320,000 $105,115 $105,115 0.06 $94,191
BX Commercial Mortgage Trust 2026-XL6 E 6.65471% 15-MAR-2043, 6.65%, 03/15/43 BX 2026-XL6 12433NAJ0 - 103,000 $103,147 $103,147 0.06 $102,652
BX Commercial Mortgage Trust 2026-CSMO D 6.10471% 15-FEB-2043, 6.10%, 02/15/43 BX 2026-CSMO 12433LAG0 - 100,000 $100,935 $100,935 0.06 $100,494
BX Commercial Mortgage Trust 2026-CSMO C 5.65471% 15-FEB-2043, 5.65%, 02/15/43 BX 2026-CSMO 12433LAE5 - 100,000 $100,897 $100,897 0.06 $100,489
FNA 9, Series 2026-1 A 5.509% 15-DEC-2038, 5.51%, 04/16/46 FNH 2026-1 34411JAA8 - 100,000 $100,734 $100,734 0.06 $100,214
Saluda Grade Alternative Mortgage Trust 2025-RRTL1 A2 5.657% 25-OCT-2040, 5.66%, 10/25/40 GRADE 2025-RRTL1 79582NAB5 - 100,000 $100,611 $100,611 0.06 $99,983
TVC Mortgage Trust 2026-RRTL1 M1 6.34% 25-FEB-2041, 6.34%, 02/25/41 TVC 2026-RRTL1 87306XAC9 - 100,000 $99,736 $99,736 0.06 $99,454
TVC Mortgage Trust 2026-RRTL1 A2 5.315% 25-FEB-2041, 5.32%, 02/25/41 TVC 2026-RRTL1 87306XAB1 - 100,000 $99,683 $99,683 0.06 $99,446
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - 95,000 $98,749 $98,749 0.06 $98,211
Connecticut Avenue Securities, Series 2021-R01 1B2 9.64516% 25-OCT-2041, 9.65%, 10/25/41 CAS 2021-R01 20754RAJ5 - 95,000 $97,250 $97,250 0.06 $96,894
Structured Agency Credit Risk (STACR) Debt Notes, Series 2018-DNA3 B2 11.50964% 25-SEP-2048, 11.51%, 09/25/48 STACR 2018-DNA3 35563WBE3 - 84,000 $95,979 $95,979 0.06 $95,603
GNMA II TBA 30yr 5% May Delivery, 5.00%, 05/20/26 G2SF 21H050656 - 96,000 $95,458 $95,458 0.06 $95,458
Long Ridge Energy LLC 8.75% 15-FEB-2032, 8.75%, 02/15/32 LONRID 54288CAA1 - 87,000 $93,681 $93,681 0.06 $91,862
Six Flags Entertainment Corporation FUN US 83001C108 - 4,252 $93,587 $93,587 0.06 $93,587
Univision Communications Inc. 8.5% 31-JUL-2031, 8.50%, 07/31/31 UVN 914906AZ5 - 85,000 $87,781 $87,781 0.05 $85,754
Apollo Debt Solutions BDC 5.2% 08-DEC-2028, 5.20%, 12/08/28 APODS 03770DAH6 - 81,000 $82,085 $82,085 0.05 $80,295
Lumentum Holdings, Inc. LITE US 55024U109 - 89.00 $80,438 $80,438 0.05 $80,438
Risewell Homes Inc. 9.25% 01-OCT-2029, 9.25%, 10/01/29 NWHM 645370AF4 - 73,000 $76,227 $76,227 0.05 $75,477
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.39516% 25-JUN-2047, 6.40%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - 74,197 $75,812 $75,812 0.05 $75,627
Marex Group plc 6.404% 04-NOV-2029, 6.40%, 11/04/29 MARGRO 566539AA0 - 70,000 $72,250 $72,250 0.04 $72,163
Connecticut Avenue Securities, Series 2021-R02 2B2 9.84516% 25-NOV-2041, 9.85%, 11/25/41 CAS 2021-R02 20754KAJ0 - 70,000 $71,967 $71,967 0.04 $71,699
Chariot Buyer Llc Term Loan B 08-Sep-2032, 6.40%, 09/08/32 CHAGRO 15963CAE6 - 71,633 $71,810 $71,810 0.04 $71,696
GNMA II TBA 30yr 5.5% May Delivery, 5.50%, 05/20/26 G2SF 21H052652 - 68,000 $68,585 $68,585 0.04 $68,585
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - 67,294 $68,040 $68,040 0.04 $67,676
SM Energy Company 6.625% 15-APR-2034, 6.62%, 04/15/34 SM 78454LAZ3 - 65,000 $66,420 $66,420 0.04 $65,679
BX Commercial Mortgage Trust 2024-GPA3 B 5.29733% 15-DEC-2039, 5.30%, 12/15/39 BX 2024-GPA3 123910AC5 - 63,514 $63,850 $63,850 0.04 $63,607
Azuria Water Solutions Inc Delayed Draw/Multi Draw Term Loan 27-Jan-2033, 6.43%, 02/28/33 AEGN 05503BAC0 - 55,308 $55,407 $55,407 0.03 $55,308
Connecticut Avenue Securities Trust 2024-R06 1M2 5.24516% 25-SEP-2044, 5.25%, 09/25/44 CAS 2024-R06 20755RAC9 - 43,618 $43,778 $43,778 0.03 $43,689
Lendbuzz Securitization Trust 2026-1 C 5.74% 15-SEP-2031, 5.74%, 09/15/31 LBZZ 2026-1A 525952AD9 - 37,285 $37,341 $37,341 0.02 $37,186
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 - 34,633 $34,962 $34,962 0.02 $34,858
Salas O'brien Inc|6.42434|01/31/2033, 6.42%, 01/31/33 SALOBR BL5450350 - 31,193 $31,288 $31,288 0.02 $31,349
Lendbuzz Securitization Trust 2026-1 B 5.16% 15-DEC-2030, 5.16%, 12/16/30 LBZZ 2026-1A 525952AC1 - 29,101 $29,028 $29,028 0.02 $28,920
OneMain Finance Corporation 6.75% 15-SEP-2033, 6.75%, 09/15/33 OMF 682691AN0 - 29,000 $28,828 $28,828 0.02 $28,524
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA3 B2 9.89516% 25-OCT-2033, 9.90%, 10/25/33 STACR 2021-DNA3 35564KFH7 - 20,164 $25,256 $25,256 0.02 $25,178
Allwyn Entertainment Financing (UK) Plc 7.25% 30-APR-2030, 7.25%, 04/30/30 SAZKAG 8J07N0XX3 - - $13,659 $13,659 0.01 $0
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A1 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAA9 - - $743 $743 0.00 $0
US 10YR NOTE (CBT)Jun26 JUN 26 TYM6 FUTURES_USD - 11.00 $1,218,250 $0 0.00 $0
US ULTRA BOND CBT Jun26 JUN 26 WNM6 FUTURES_USD - -21.00 $-2,431,406 $0 0.00 $0
US 10yr Ultra Fut Jun26 JUN 26 UXYM6 FUTURES_USD - -47.00 $-5,315,406 $0 0.00 $0
US 2YR NOTE (CBT) Jun26 JUN 26 TUM6 FUTURES_USD - 231.00 $47,838,656 $0 0.00 $0
US LONG BOND(CBT) Jun26 JUN 26 USM6 FUTURES_USD - -9.00 $-1,022,062 $0 0.00 $0
US 5YR NOTE (CBT) Jun26 JUN 26 FVM6 FUTURES_USD - 417.00 $44,980,617 $-0 0.00 $-0
ESM6 18Jun26 Put (AMERICAN PHYSICAL) 5725 ESM6P ESM6 INDEX $5,725.00 -11.00 $4,080,450 $-2,750 0.00 $-2,750
ESM6 18Jun26 Call (AMERICAN PHYSICAL) 6900 ESM6C ESM6 INDEX $6,900.00 -11.00 $-4,080,450 $-303,875 -0.18 $-303,875
SEGREGATED CASH SEGCASH $0.00 1,180,000 $1,180,000 $1,180,000 0.71 $1,180,000
EURO EUR - -3,091,839 $-3,640,627 $-3,640,627 -2.18 $-3,640,627
US DOLLARS USD MD_142224 - -28,053,860 $-28,053,860 $-28,053,860 -16.81 $-28,053,860
PARENT CDS SWAPTION CDX-NAHYS45V2-5Y 17Jun26 5 PAYER BNP_SW @192.4C 106.5, 5.00%, 06/17/26 - XXDALRS UCAXXDALR $106.50 15,000,000 $-15,000,000 $60,262 0.04 $60,262
S&P500 EMINI FUT Jun26 JUN 26 ESM6 FUTURES_USD - 9.00 $3,338,550 $0 0.00 $0
Janus Henderson AAA CLO ETF 07/23/26 JAAA US 47103U845 $50.80 149,180 $7,548,508 $-4,475 0.00 $-4,475
PARENT CDS SWAPTION CDX-NAHYS45V2-5Y 17Jun26 5 PAYER BNP_SW @57C 100, 5.00%, 06/17/26 - XXDALSS UCAXXDALS $100.00 -15,000,000 $15,000,000 $-7,118 0.00 $-7,118
FX Forward|EUR|05/22/2026 +EUR1 - -10,294,436 $-12,128,108 $-12,128,108 -7.27 $-12,128,108
FX Forward|USD|05/22/2026 +EUR1 - 12,185,679 $12,185,679 $12,185,679 7.30 $12,185,679
FX Forward|GBP|05/22/2026 +GBP6 - -777,030 $-1,058,717 $-1,058,717 -0.63 $-1,058,717
FX Forward|USD|05/22/2026 +GBP6 - 1,050,456 $1,050,456 $1,050,456 0.63 $1,050,456
FX Forward|EUR|05/22/2026 +EUR1 - 325,663 $383,671 $383,671 0.23 $383,671
FX Forward|USD|05/22/2026 +EUR1 - -385,715 $-385,715 $-385,715 -0.23 $-385,715
FX Forward|EUR|05/22/2026 +EUR0 - 27,783 $32,731 $32,731 0.02 $32,731
FX Forward|USD|05/22/2026 +EUR0 - -32,576 $-32,576 $-32,576 -0.02 $-32,576
FX Forward|EUR|05/22/2026 +EUR0 - 2,315 $2,728 $2,728 0.00 $2,728
FX Forward|USD|05/22/2026 +EUR0 - -2,693 $-2,693 $-2,693 0.00 $-2,693
FX Forward|EUR|05/22/2026 +EUR0 - 15,510 $18,273 $18,273 0.01 $18,273
FX Forward|USD|05/22/2026 +EUR0 - -17,929 $-17,929 $-17,929 -0.01 $-17,929
FX Forward|EUR|05/22/2026 +EURU - -500,000 $-589,061 $-589,061 -0.35 $-589,061
FX Forward|USD|05/22/2026 +EURU - 577,366 $577,366 $577,366 0.35 $577,366
FX Forward|EUR|05/22/2026 +EUR2 - 94,900 $111,804 $111,804 0.07 $111,804
FX Forward|USD|05/22/2026 +EUR2 - -109,876 $-109,876 $-109,876 -0.07 $-109,876
FX Forward|EUR|05/22/2026 +EUR1 - 112,680 $132,751 $132,751 0.08 $132,751
FX Forward|USD|05/22/2026 +EUR1 - -130,913 $-130,913 $-130,913 -0.08 $-130,913
FX Forward|EUR|05/22/2026 +EURU - -500,000 $-589,061 $-589,061 -0.35 $-589,061
FX Forward|USD|05/22/2026 +EURU - 580,472 $580,472 $580,472 0.35 $580,472
FX Forward|EUR|05/22/2026 +EUR1 - -500,000 $-589,061 $-589,061 -0.35 $-589,061
FX Forward|USD|05/22/2026 +EUR1 - 578,492 $578,492 $578,492 0.35 $578,492
FX Forward|EUR|05/22/2026 +EUR0 - 188,309 $221,851 $221,851 0.13 $221,851
FX Forward|USD|05/22/2026 +EUR0 - -217,491 $-217,491 $-217,491 -0.13 $-217,491
FX Forward|EUR|05/22/2026 +EUR1 - 95,831 $112,900 $112,900 0.07 $112,900
FX Forward|USD|05/22/2026 +EUR1 - -110,681 $-110,681 $-110,681 -0.07 $-110,681
FX Forward|EUR|05/22/2026 +EURU - -498,750 $-587,589 $-587,589 -0.35 $-587,589
FX Forward|USD|05/22/2026 +EURU - 573,214 $573,214 $573,214 0.34 $573,214
FX Forward|EUR|05/22/2026 +EUR4 - 11,600 $13,666 $13,666 0.01 $13,666
FX Forward|USD|05/22/2026 +EUR4 - -13,332 $-13,332 $-13,332 -0.01 $-13,332
FX Forward|EUR|05/22/2026 +EURU - 293,648 $345,953 $345,953 0.21 $345,953
FX Forward|USD|05/22/2026 +EURU - -339,133 $-339,133 $-339,133 -0.20 $-339,133
FX Forward|EUR|05/22/2026 +EUR2 - 14,735 $17,360 $17,360 0.01 $17,360
FX Forward|USD|05/22/2026 +EUR2 - -17,164 $-17,164 $-17,164 -0.01 $-17,164
FX Forward|EUR|05/22/2026 +EUR2 - -985,067 $-1,160,530 $-1,160,530 -0.70 $-1,160,530
FX Forward|USD|05/22/2026 +EUR2 - 1,136,140 $1,136,140 $1,136,140 0.68 $1,136,140
FX Forward|EUR|05/22/2026 +EUR1 - 8,629 $10,166 $10,166 0.01 $10,166
FX Forward|USD|05/22/2026 +EUR1 - -9,988 $-9,988 $-9,988 -0.01 $-9,988
FX Forward|EUR|05/22/2026 +EURU - 417,859 $492,289 $492,289 0.30 $492,289
FX Forward|USD|05/22/2026 +EURU - -488,796 $-488,796 $-488,796 -0.29 $-488,796
FX Forward|EUR|05/22/2026 +EUR2 - 87,450 $103,027 $103,027 0.06 $103,027
FX Forward|USD|05/22/2026 +EUR2 - -102,371 $-102,371 $-102,371 -0.06 $-102,371
FX Forward|EUR|05/22/2026 +EUR0 - -500,000 $-589,061 $-589,061 -0.35 $-589,061
FX Forward|USD|05/22/2026 +EUR0 - 585,946 $585,946 $585,946 0.35 $585,946
FX Forward|EUR|05/22/2026 +EURU - 1,998,750 $2,354,772 $2,354,772 1.41 $2,354,772
FX Forward|USD|05/22/2026 +EURU - -2,364,381 $-2,364,381 $-2,364,381 -1.42 $-2,364,381
FX Forward|GBP|05/22/2026 +GBP0 - 5,206 $7,094 $7,094 0.00 $7,094
FX Forward|USD|05/22/2026 +GBP0 - -7,039 $-7,039 $-7,039 0.00 $-7,039
FX Forward|EUR|05/22/2026 +EUR0 - 23,949 $28,215 $28,215 0.02 $28,215
FX Forward|USD|05/22/2026 +EUR0 - -28,234 $-28,234 $-28,234 -0.02 $-28,234
FX Forward|EUR|05/22/2026 +EUR1 - -97,578 $-114,959 $-114,959 -0.07 $-114,959
FX Forward|USD|05/22/2026 +EUR1 - 115,030 $115,030 $115,030 0.07 $115,030
FX Forward|EUR|05/22/2026 +EUR4 - -500,000 $-589,061 $-589,061 -0.35 $-589,061
FX Forward|USD|05/22/2026 +EUR4 - 590,682 $590,682 $590,682 0.35 $590,682
FX Forward|EUR|05/22/2026 +EUR0 - 16,440 $19,368 $19,368 0.01 $19,368
FX Forward|USD|05/22/2026 +EUR0 - -19,451 $-19,451 $-19,451 -0.01 $-19,451
FX Forward|EUR|05/22/2026 +EUR1 - 6,452 $7,602 $7,602 0.00 $7,602
FX Forward|USD|05/22/2026 +EUR1 - -7,566 $-7,566 $-7,566 0.00 $-7,566
FX Forward|EUR|05/22/2026 +EURU - -487,038 $-573,790 $-573,790 -0.34 $-573,790
FX Forward|USD|05/22/2026 +EURU - 572,572 $572,572 $572,572 0.34 $572,572
FX Forward|EUR|05/22/2026 +EUR1 - 87,750 $103,380 $103,380 0.06 $103,380
FX Forward|USD|05/22/2026 +EUR1 - -103,344 $-103,344 $-103,344 -0.06 $-103,344
FX Forward|EUR|05/22/2026 +EUR2 - 87,550 $103,145 $103,145 0.06 $103,145
FX Forward|USD|05/22/2026 +EUR2 - -102,556 $-102,556 $-102,556 -0.06 $-102,556
FX Forward|GBP|05/22/2026 +GBPU - 1,701 $2,317 $2,317 0.00 $2,317
FX Forward|USD|05/22/2026 +GBPU - -2,313 $-2,313 $-2,313 0.00 $-2,313
FX Forward|GBP|05/22/2026 +GBP0 - 2,743 $3,738 $3,738 0.00 $3,738
FX Forward|USD|05/22/2026 +GBP0 - -3,737 $-3,737 $-3,737 0.00 $-3,737
FX Forward|EUR|05/22/2026 - - 3,598 $4,239 $4,239 0.00 $4,239
FX Forward|USD|05/22/2026 - - -4,239 $-4,239 $-4,239 0.00 $-4,239
FX Forward|EUR|05/18/2026 - - 96,875 $114,106 $114,106 0.07 $114,106
FX Forward|USD|05/18/2026 - - -114,102 $-114,102 $-114,102 -0.07 $-114,102
FX Forward|EUR|05/22/2026 - - -96,875 $-114,131 $-114,131 -0.07 $-114,131
FX Forward|USD|05/22/2026 - - 114,120 $114,120 $114,120 0.07 $114,120
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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