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For Institutional Investors in the US

Income ETF Holdings

Full Portfolio Holdings

(As of March 24, 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% April Delivery, 5.50%, 04/13/26 FNCL 01F052649 - 7,928,000 $7,931,171 $7,931,171 5.02 $7,931,171
Janus Henderson Emerging Markets Debt Hard Currency ETF JEMB US 47103U738 - 119,931 $6,277,177 $6,277,177 3.98 $6,277,177
UMBS TBA 30yr 5% April Delivery, 5.00%, 04/13/26 FNCL 01F050643 - 5,359,624 $5,256,698 $5,256,698 3.33 $5,256,698
UMBS TBA 30yr 3.5% April Delivery, 3.50%, 04/13/26 FNCL 01F032641 - 5,263,000 $4,780,146 $4,780,146 3.03 $4,780,146
UMBS TBA 30yr 4.5% April Delivery, 4.50%, 04/13/26 FNCL 01F042640 - 4,893,812 $4,690,386 $4,690,386 2.98 $4,690,386
UMBS TBA 30yr 3% April Delivery, 3.00%, 04/13/26 FNCL 01F030645 - 4,748,000 $4,137,103 $4,137,103 2.62 $4,137,103
UMBS TBA 30yr 6% April Delivery, 6.00%, 04/13/26 FNCL 01F060642 - 3,467,000 $3,522,888 $3,522,888 2.23 $3,522,888
UMBS TBA 30yr 4% April Delivery, 4.00%, 04/13/26 FNCL 01F040644 - 2,414,000 $2,259,509 $2,259,509 1.43 $2,259,509
GNMA II TBA 30yr 3.5% April Delivery, 3.50%, 04/21/26 G2SF 21H032647 - 2,092,000 $1,902,128 $1,902,128 1.20 $1,902,128
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 10.66721% 25-DEC-2041, 10.67%, 12/25/41 STACR 2021-HQA4 35564KPP8 - 1,650,945 $1,727,121 $1,727,121 1.09 $1,713,424
Connecticut Avenue Securities Trust 2024-R03 2B1 6.46721% 25-MAR-2044, 6.47%, 03/25/44 CAS 2024-R03 207941AF2 - 1,425,000 $1,477,766 $1,477,766 0.93 $1,470,599
GWT Commercial Mortgage Trust 2024-WLF2 D 6.61945% 15-MAY-2041, 6.61%, 05/15/41 GWT 2024-WLF2 362414AG9 - 1,330,000 $1,334,548 $1,334,548 0.84 $1,332,105
EAST WEST INVS MGMT CLO 2019-1, 4.95%, 10/19/38 CIFC 2019-7A 171935AA7 - 1,227,000 $1,238,289 $1,238,289 0.78 $1,227,497
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.46721% 25-NOV-2041, 11.47%, 11/25/41 STACR 2021-DNA7 35564KNE5 - 1,162,500 $1,221,990 $1,221,990 0.77 $1,211,622
Connecticut Avenue Securities Trust 2023-R06 1B2 9.56721% 25-JUL-2043, 9.57%, 07/25/43 CAS 2023-R06 20754EAJ4 - 1,000,000 $1,091,517 $1,091,517 0.69 $1,084,076
BX Commercial Mortgage Trust 2024-GPA3 C 5.57198% 15-DEC-2039, 5.56%, 12/15/39 BX 2024-GPA3 123910AE1 - 1,089,150 $1,090,833 $1,090,833 0.69 $1,089,149
Rad CLO 10 A 6.74741% 23-APR-2034, 5.10%, 04/23/34 RAD 2021-10A 48662LAA9 - 1,050,000 $1,059,263 $1,059,263 0.67 $1,050,185
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 9.91721% 25-SEP-2041, 9.92%, 09/25/41 STACR 2021-HQA3 35564KKL2 - 1,029,341 $1,058,871 $1,058,871 0.67 $1,050,932
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - 1,000,000 $1,005,277 $1,005,277 0.64 $996,327
Extended Stay America Trust 2025-ESH D 6.28% 15-OCT-2042, 6.27%, 10/15/42 ESA 2025-ESH 30227TAG5 - 957,000 $960,293 $960,293 0.61 $958,625
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - 931,124 $936,688 $936,688 0.59 $931,747
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.03821% 25-OCT-2057, 6.04%, 10/25/57 CHASE 2020-CL1 46591HAG5 - 850,713 $875,805 $875,805 0.55 $871,810
BLP Trust 2025-IND2 E 7.43% 15-DEC-2042, 7.42%, 12/15/42 BLP 2025-IND2 05556WAJ5 - 870,000 $869,443 $869,443 0.55 $867,649
Carvana Co. 4.875% 01-SEP-2029, 4.88%, 09/01/29 CVNA 146869AH5 - 939,000 $857,542 $857,542 0.54 $854,490
Sunoco LP 7.875% PERP, 7.88%, 03/18/99 SUN 86765KAE9 - 839,000 $857,269 $857,269 0.54 $855,984
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - 888,000 $853,957 $853,957 0.54 $849,391
Connecticut Avenue Securities Trust 2025-R02 1B1 5.61721% 25-FEB-2045, 5.62%, 02/25/45 CAS 2025-R02 20754TAH5 - 830,000 $843,784 $843,784 0.53 $840,158
Fidelity Grand Harbour CLO 2019-1 DR 5.266% 15-JAN-2039, 5.27%, 01/15/38 GRANH 2019-1X BCC3JXNM8 - 700,000 $810,366 $810,366 0.51 $802,186
BX Trust 2025-VLT7 E 7.43% 15-JUL-2044, 7.42%, 07/15/44 BX 2025-VLT7 123913AJ4 - 808,000 $801,586 $801,586 0.51 $799,920
MHP Commercial Mortgage Trust 2022-MHIL G 7.6375% 15-JAN-2039, 7.63%, 01/15/27 MHP 2022-MHIL 55293DAN1 - 800,000 $801,312 $801,312 0.51 $799,616
SMRT Commercial Mortgage Trust 2022-MINI E 6.38% 15-JAN-2039, 6.37%, 01/15/39 SMRT 2022-MINI 78457JAN2 - 800,000 $797,935 $797,935 0.50 $796,519
Darktrace Ltd Term Loan 09-Oct-2031, 6.90%, 10/09/31 DARKLN 52526CAB5 - 803,370 $784,129 $784,129 0.50 $776,360
Bbam European Clo VIII DAC|5.101|01/26/2040, 5.10%, 01/26/40 BBAME 8A BCC3QC900 - 650,000 $746,731 $746,731 0.47 $737,667
Granite Ridge Resources Inc|8.875|11/05/2029, 8.88%, 11/05/29 GRNT 387432AA5 - 762,000 $745,583 $745,583 0.47 $729,615
ITT Holdings LLC 6.5% 01-AUG-2029, 6.50%, 08/01/29 INTMAT 45074JAA2 - 755,000 $736,859 $736,859 0.47 $729,498
Alpha Generation, LLC 6.25% 15-JAN-2034, 6.25%, 01/15/34 ALPGEN 02073LAC5 - 736,000 $735,148 $735,148 0.46 $726,203
BX Trust 2024-CNYN D 6.37009% 15-APR-2041, 6.36%, 04/15/41 BX 2024- CNYN 05612HAG6 - 734,351 $734,517 $734,517 0.46 $733,219
LIGHTPATH FIBER ISSUER 5.597%56 A2, 5.60%, 03/25/56 LPATH 2026-1A 53229YAA7 - 733,000 $732,237 $732,237 0.46 $729,730
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - 710,012 $731,091 $731,091 0.46 $711,700
Tallgrass Energy Partners, LP 6.75% 15-MAR-2034, 6.75%, 03/15/34 TEP 87470LAM3 - 718,000 $728,853 $728,853 0.46 $727,506
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - 706,054 $726,340 $726,340 0.46 $724,599
SoFi Consumer Loan Program 2025-3 Trust D 5.35% 25-AUG-2034, 5.35%, 08/15/34 SCLP 2025-3 83390JAD4 - 713,000 $712,883 $712,883 0.45 $709,705
Humana Inc. 6.625% 15-SEP-2056, 6.62%, 09/15/56 HUM 444859CE0 - 724,000 $699,248 $699,248 0.44 $697,117
Seagate Data Storage Technology Pte. Ltd. 3.125% 15-JUL-2029, 3.12%, 07/15/29 STX 81180LAL9 - 775,000 $697,466 $697,466 0.44 $692,757
JSG Finance, Inc. 6.75% 01-MAY-2033, 6.75%, 05/01/33 JANEST 47077WAE8 - 666,000 $695,912 $695,912 0.44 $677,930
Octagon 75 D2 7.3192% 22-JAN-2038, 7.32%, 01/22/38 OCT75 2025-1A 67579EAL3 - 700,000 $691,863 $691,863 0.44 $683,039
Maxam Prill S.a r.l. 7.75% 15-JUL-2030, 7.75%, 07/15/30 MXPRLL 57779MAA8 - 661,000 $684,377 $684,377 0.43 $670,147
MHC Commercial Mortgage Trust 2021-MHC G 6.995442% 15-APR-2038, 6.99%, 04/15/38 MHC 2021-MHC 55316VAN4 - 680,000 $680,907 $680,907 0.43 $679,587
Synergy Infrastructure Holdings LLC 7.875% 01-DEC-2030, 7.88%, 12/01/30 SYNRGY 87191JAA2 - 644,000 $678,306 $678,306 0.43 $661,542
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.28821% 25-OCT-2057, 6.29%, 10/25/57 CHASE 2020-CL1 46591HAH3 - 646,554 $665,139 $665,139 0.42 $661,977
MTN Commercial Mortgage Trust 2022-LPFL F 8.965169% 15-MAR-2039, 8.97%, 03/15/39 MTN 2022-LPFL 62475WAL9 - 650,000 $652,251 $652,251 0.41 $650,632
Huntington Bank Auto Credit-Linked Notes, Series 2026-1 D 6.80952% 20-FEB-2034, 8.17%, 02/20/34 HACLN 2026-1 44644NAY5 - 650,000 $652,057 $652,057 0.41 $649,992
White Cap Supply Holdings Llc Acquisition 09-Feb-2033, 7.17%, 02/10/33 WHTCAP 96350TAK6 - 660,653 $641,608 $641,608 0.41 $640,424
Switch ABS Issuer LLC|5.609|03/27/2056, 5.61%, 03/27/56 SWTCH 2026-1A 871044BA0 - 642,000 $640,455 $640,455 0.40 $640,355
Teva Pharmaceutical Finance Co. LLC 6.15% 01-FEB-2036, 6.15%, 02/01/36 TEVA 88163VAD1 - 604,000 $631,917 $631,917 0.40 $626,346
SF ABS ISSUER 2025-1 0%55 A2, 5.38%, 11/25/55 SFARM 2025-1A 784193AA2 - 647,000 $623,333 $623,333 0.39 $620,434
Cloud Software Group, Inc. 9.0% 30-SEP-2029, 9.00%, 09/30/29 TIBX 18912UAA0 - 612,000 $620,933 $620,933 0.39 $594,158
AMC Networks Inc. 10.5% 15-JUL-2032, 10.50%, 07/15/32 AMCX 00164VAK9 - 589,000 $600,247 $600,247 0.38 $588,222
NCL Corporation Ltd. 5.875% 15-JAN-2031, 5.88%, 01/15/31 NCLH 62886HBY6 - 612,000 $599,249 $599,249 0.38 $592,258
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - 588,010 $598,467 $598,467 0.38 $586,540
ALLY BK AUTO CR LKD NT 2025-B E, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - 597,790 $596,853 $596,853 0.38 $595,829
Hess Midstream Operations LP 4.25% 15-FEB-2030, 4.25%, 02/15/30 HESM 428102AE7 - 612,000 $589,445 $589,445 0.37 $586,555
BX Trust 2025-ARIA C 5.701211% 13-DEC-2042, 5.52%, 12/13/42 BX 2025-ARIA 05619TAE8 - 590,000 $589,265 $589,265 0.37 $587,095
Burford Capital Global Finance LLC 7.5% 15-JUL-2033, 7.50%, 07/15/33 BURLN 12116LAG4 - 642,000 $586,206 $586,206 0.37 $576,843
Carvana Co. 9.0% 01-JUN-2030, 9.00%, 06/01/30 CVNA 146869AN2 - 558,227 $585,978 $585,978 0.37 $580,396
Romansur Investments SL|6.12|10/21/2032, 6.12%, 10/21/32 DNTOTP BL5243177 - 500,000 $582,939 $582,939 0.37 $578,609
Peer Holding III BV|4.769|10/29/2032, 4.77%, 10/29/32 ACTINA BL5243508 - 500,000 $582,810 $582,810 0.37 $576,368
Gategroup Finance International Sarl|5.573|06/10/2032, 5.57%, 06/10/32 GATESW BL5316619 - 500,000 $581,433 $581,433 0.37 $574,197
Althea Acquisition Bidco SARL|5.282|10/07/2032, 5.28%, 10/07/32 ZENTIV BL5254679 - 500,000 $581,330 $581,330 0.37 $574,620
Loire Finco Luxembourg Sarl|5.954|01/28/2030, 5.95%, 01/28/30 LGCLTD BL5546066 - 500,000 $580,134 $580,134 0.37 $577,740
Acropole Holding SAS|5.519|07/26/2032, 5.52%, 07/26/32 SIACFP BL5165602 - 500,000 $580,002 $580,002 0.37 $572,547
Atlas Luxco 4 Sarl Term Loan B 18-Aug-2032, 5.68%, 08/20/32 UNSEAM 01957TAY3 - 500,000 $579,786 $579,786 0.37 $577,595
Ardagh Metal Packaging Finance USA LLC 3.0% 01-SEP-2029, 3.00%, 09/01/29 AMPBEV BO2884316 - 540,000 $579,173 $579,173 0.37 $572,399
LGI Homes, Inc. 4.0% 15-JUL-2029, 4.00%, 07/15/29 LGIH 50187TAF3 - 652,000 $577,822 $577,822 0.37 $572,751
Cube Safety BidCo AB|5.232|02/21/2033, 5.23%, 02/21/33 AVSGRO BL5557386 - 500,000 $577,647 $577,647 0.37 $574,197
Chrysaor Bidco Sarl|5.531|10/30/2031, 5.53%, 10/30/31 ALTDOM BL5260221 - 500,000 $577,288 $577,288 0.37 $574,620
Froneri Lux FinCo SARL|4.899|09/30/2032, 4.90%, 09/30/32 ICECR BL5164100 - 500,000 $574,133 $574,133 0.36 $569,879
Hopper Merger Sub Inc|4.784|01/14/2033, 4.78%, 01/14/33 HOLX BL5427549 - 500,000 $571,570 $571,570 0.36 $573,109
UMBS TBA 30yr 2.5% April Delivery, 2.50%, 04/13/26 FNCL 01F022642 - 685,000 $570,821 $570,821 0.36 $570,821
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 $570,105 $570,105 0.36 $565,544
Voyager Parent, LLC 9.25% 01-JUL-2032, 9.25%, 07/01/32 EVRI 92921EAA0 - 536,000 $569,493 $569,493 0.36 $557,924
Financiere Pax SAS|5.635|12/31/2029, 5.63%, 12/31/29 AREWOR BL5354511 - 500,000 $568,010 $568,010 0.36 $566,741
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - 560,992 $564,347 $564,347 0.36 $561,287
Vodafoneziggo Group Holding Bv 31-Oct-2019 Term Loan 31-Jan-2029, 4.94%, 01/31/29 ZIGGO BL3193739 - 500,000 $563,530 $563,530 0.36 $562,735
Ahlstrom Holding 3 Oy|5.774|05/31/2030, 5.77%, 05/31/30 AHLMUN BL5287117 - 500,000 $562,510 $562,510 0.36 $562,417
Wells Fargo Commercial Mortgage Trust 2025-1918 A 5.76134% 15-SEP-2040, 5.20%, 09/15/40 WFCM 2025-1918 95004QAA6 - 561,000 $559,188 $559,188 0.35 $557,242
Cp Atlas Buyer Inc Term Loan B 08-Jul-2030, 8.92%, 07/08/30 AMBATH 12658HAL6 - 591,518 $554,516 $554,516 0.35 $550,851
Caesars Entertainment, Inc. 6.0% 15-OCT-2032, 6.00%, 10/15/32 CZR 12769GAD2 - 575,000 $548,501 $548,501 0.35 $533,168
FHF ISSUER TRUST 2024-1 0% 30, 5.75%, 05/15/30 FHF 2025-2A 30343DAB0 - 543,000 $545,341 $545,341 0.34 $544,474
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 B2 12.16721% 25-FEB-2042, 12.17%, 02/25/42 STACR 2022-DNA2 35564KSQ3 - 507,575 $542,045 $542,045 0.34 $537,242
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - 520,678 $538,930 $538,930 0.34 $535,780
Verde Purchaser, LLC 10.5% 30-NOV-2030, 10.50%, 11/30/30 VRTV 92339LAA0 - 497,000 $528,768 $528,768 0.33 $512,097
SWCH Commercial Mortgage Trust 2025-DATA F 7.91892% 15-FEB-2042, 7.91%, 02/15/42 SWCH 2025-DATA 78489CAF6 - 530,000 $526,922 $526,922 0.33 $525,759
Modena Buyer Llc Term Loan 01-Jul-2031, 7.92%, 07/01/31 ENUSCO 60753DAC8 - 575,016 $521,433 $521,433 0.33 $514,731
AppLovin Corporation 5.5% 01-DEC-2034, 5.50%, 12/01/34 APP 03831WAD0 - 512,000 $520,115 $520,115 0.33 $511,198
Victra Holdings, LLC 8.75% 15-SEP-2029, 8.75%, 09/15/29 VICTRA 92648DAA4 - 501,000 $519,796 $519,796 0.33 $518,579
USA Compression Partners, LP 6.25% 01-OCT-2033, 6.25%, 10/01/33 USAC 91740PAH1 - 496,000 $512,257 $512,257 0.32 $496,671
Citigroup Inc. 6.5% PERP, 6.50%, 05/15/99 C 172967QK0 - 506,000 $509,803 $509,803 0.32 $505,875
LUXURY LEASE PARTN 2025-A 5.51%32 A, 5.51%, 03/15/32 LLP 2025-A 55069BAA5 - 510,007 $508,212 $508,212 0.32 $507,432
General Motors Financial Co Cum Red Perp Pfd Shs Series A, 5.75%, 03/30/99 GM 37045XCA2 - 504,000 $508,065 $508,065 0.32 $493,977
SCIH Salt Holdings Inc. 6.625% 01-MAY-2029, 6.62%, 05/01/29 MORTON 78433BAB4 - 500,000 $505,859 $505,859 0.32 $492,609
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - 496,000 $502,937 $502,937 0.32 $500,247
New Home Company Inc. 8.5% 01-NOV-2030, 8.50%, 11/01/30 NWHM 645370AG2 - 483,000 $500,809 $500,809 0.32 $484,387
Syntegon TopCo GmbH|5.481|11/30/2032, 5.48%, 11/30/32 BOSPAC BL5558228 - 430,000 $496,912 $496,912 0.31 $494,183
Sierra Timeshare 2026-1 Receivables Funding LLC|7.1|12/22/2042, 7.10%, 12/22/42 SRFC 2026-1A 82652VAD2 - 500,000 $496,895 $496,895 0.31 $496,797
Roblox Corporation 3.875% 01-MAY-2030, 3.88%, 05/01/30 RBLX 771049AA1 - 521,000 $496,329 $496,329 0.31 $488,253
Osaic Holdings, Inc. 6.75% 01-AUG-2032, 6.75%, 08/01/32 ADVGRO 00791GAB3 - 493,000 $495,621 $495,621 0.31 $490,629
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.16721% 25-OCT-2041, 11.17%, 10/25/41 STACR 2021-DNA6 35564KLV9 - 476,492 $495,074 $495,074 0.31 $490,935
Long Ridge Energy LLC|8.17194|02/19/2032, 8.17%, 02/19/32 LONRID BL4986818 - 487,698 $493,135 $493,135 0.31 $483,836
Lions Gate Capital Holdings 1, Inc. 5.5% 15-APR-2029, 6.00%, 04/15/30 LGF 535939AA0 - 511,000 $492,178 $492,178 0.31 $478,552
Rand Parent, LLC 8.5% 15-FEB-2030, 8.50%, 02/15/30 AAWW 753272AA1 - 474,000 $491,207 $491,207 0.31 $486,730
Wilsonart LLC 11.0% 15-AUG-2032, 11.00%, 08/15/32 WLSNRT 97246JAA6 - 631,000 $487,984 $487,984 0.31 $480,272
LATAM Airlines Group S.A. 7.625% 07-JAN-2031, 7.62%, 01/07/31 LTMCI 51817RAE6 - 473,000 $486,490 $486,490 0.31 $478,676
Talen Energy Supply, LLC 6.5% 01-FEB-2036, 6.50%, 02/01/36 TLN 87422VAN8 - 472,000 $486,364 $486,364 0.31 $473,751
Bath & Body Works, Inc. 6.95% 01-MAR-2033, 6.95%, 03/01/33 BBWI 532716AK3 - 500,000 $484,691 $484,691 0.31 $482,374
Hilton Grand Vacations Borrower Escrow LLC 4.875% 01-JUL-2031, 4.88%, 07/01/31 HGVLLC 43284MAB4 - 527,000 $482,428 $482,428 0.31 $476,434
Proampac Pg Borrower Llc Term Loan B 09-Feb-2033, 7.66%, 03/07/33 PROLAM 74274NAM5 - 493,605 $482,292 $482,292 0.30 $480,959
VERTICAL BRIDGE LLC 2016-1 5.602% 55, 5.60%, 08/16/55 VBTOW 2025-1A 92535VAS1 - 475,000 $471,816 $471,816 0.30 $471,077
Arini European CLO II DR 5.166% 15-OCT-2038, 5.17%, 10/15/38 ARINI 2A BCC3QF9B9 - 400,000 $465,594 $465,594 0.29 $461,008
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - 464,465 $465,508 $465,508 0.29 $462,874
Ensemble Rcm Llc Term Loan B 01-Jan-2033, 6.66%, 02/09/33 ENSHLT 29359BAH4 - 465,309 $463,991 $463,991 0.29 $460,190
Wells Fargo Commercial Mortgage Trust 2025-VTT E 7.13745% 15-MAR-2038, 6.45%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - 461,000 $461,211 $461,211 0.29 $459,230
Bread Financial Holdings, Inc. 6.75% 15-MAY-2031, 6.75%, 05/15/31 BFH 018581AR9 - 447,000 $455,984 $455,984 0.29 $444,334
Six Flags Entertainment Corporation 7.25% 15-MAY-2031, 7.25%, 05/15/31 FUN 83001AAD4 - 454,000 $451,155 $451,155 0.29 $439,269
Flash Compute LLC 7.25% 31-DEC-2030, 7.25%, 12/31/30 FLASHC 33853QAA9 - 439,000 $450,621 $450,621 0.28 $443,017
CD&R Firefly Bidco Plc 8.625% 30-APR-2029, 8.62%, 04/30/29 MOTFUE 9RB6I8XX3 - 320,000 $448,624 $448,624 0.28 $436,827
BridgeBio Pharma, Inc. 0.75% 01-FEB-2033, 0.75%, 02/01/33 BBIO 10806XAK8 - 461,000 $444,558 $444,558 0.28 $443,944
Kohl's Corporation 10.0% 01-JUN-2030, 10.00%, 06/01/30 KSS 500255AY0 - 407,000 $443,996 $443,996 0.28 $431,107
Uniti Services Llc Term Loan B 06-Oct-2032, 7.67%, 10/06/32 UNIT 97381JAK9 - 439,000 $441,339 $441,339 0.28 $439,000
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 $440,237 $440,237 0.28 $439,164
First Quantum Minerals Ltd. 7.25% 15-FEB-2034, 7.25%, 02/15/34 FMCN 335934AX3 - 429,000 $439,833 $439,833 0.28 $436,377
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - 443,000 $435,753 $435,753 0.28 $433,628
Cyprium Corporation 6.375% 15-APR-2034, 6.38%, 04/15/34 VGNT 23292NAB4 - 446,000 $435,497 $435,497 0.28 $434,944
MKT 2020-525M Mortgage Trust A 2.694% 12-FEB-2040, 2.69%, 02/12/40 MKT 2020-525M 55316PAA5 - 482,000 $432,857 $432,857 0.27 $431,992
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - 426,000 $432,795 $432,795 0.27 $431,914
Winterfell Financing Sarl|7.127|05/04/2028, 7.13%, 05/04/28 STKGRP BL4232304 - 500,000 $426,214 $426,214 0.27 $421,692
PENN Entertainment, Inc. 6.75% 01-APR-2031, 6.75%, 04/01/31 PENN 707569AY5 - 436,000 $425,051 $425,051 0.27 $424,315
Galaxy XXVI CLO Ltd., 5.83%, 07/31/26 GLXYT 2025-1 362922AA4 - 418,960 $424,807 $424,807 0.27 $421,200
CMS Energy Corporation 6.5% 01-JUN-2055, 6.50%, 06/01/55 CMS 125896BY5 - 411,000 $424,012 $424,012 0.27 $415,553
Proofpoint Inc Term Loan 31-Aug-2028, 6.67%, 08/31/28 PFPT 74345HAJ0 - 422,225 $416,394 $416,394 0.26 $409,816
CenterPoint Energy, Inc. 5.95% 01-APR-2056, 5.95%, 04/01/56 CNP 15189TBS5 - 406,000 $415,368 $415,368 0.26 $403,759
DROP Mortgage Trust 2021-FILE B 5.494% 15-OCT-2043, 5.49%, 10/15/43 DROP 2021-FILE 26210YAG1 - 427,000 $415,309 $415,309 0.26 $414,658
Azuria Water Solutions Inc|6.4254|01/27/2033, 6.43%, 01/27/33 AEGN BL5473485 - 414,811 $409,996 $409,996 0.26 $410,144
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 6.91154% 20-SEP-2033, 6.92%, 09/20/33 HACLN 2025-2 44644NAR0 - 409,064 $409,786 $409,786 0.26 $409,393
Level 3 Financing, Inc. 8.5% 15-JAN-2036, 8.50%, 01/15/36 LVLT 527298CQ4 - 388,000 $409,037 $409,037 0.26 $400,609
BX Commercial Mortgage Trust 2024-AIR2 D 6.47045% 15-OCT-2041, 6.46%, 10/15/41 BX 2024-AIR2 05613QAG5 - 403,815 $404,214 $404,214 0.26 $403,489
Connecticut Avenue Securities Trust 2022-R01 1B2 9.66721% 25-DEC-2041, 9.67%, 12/25/41 CAS 2022-R01 20754LAJ8 - 389,503 $403,508 $403,508 0.26 $400,579
EF Holdco, Inc. 7.375% 30-SEP-2030, 7.38%, 09/30/30 EFC 31574BAA4 - 395,000 $397,712 $397,712 0.25 $384,036
OEG Finance PLC 7.25% 27-SEP-2029, 7.25%, 09/27/29 OEGFIN YV9260469 - 320,000 $394,509 $394,509 0.25 $381,227
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 $392,489 $392,489 0.25 $391,023
LEX Trust 2026-450 D 6.02251% 15-MAR-2043, 6.00%, 03/15/43 LEXT 2026-450 501970AG2 - 389,000 $389,584 $389,584 0.25 $389,001
APLD ComputeCo LLC 9.25% 15-DEC-2030, 9.25%, 12/15/30 APLD 00202DAA5 - 364,000 $386,572 $386,572 0.24 $374,881
NRG Energy, Inc. 6.0% 15-JAN-2036, 6.00%, 01/15/36 NRG 629377DD1 - 380,000 $386,344 $386,344 0.24 $375,768
Black Pearl Compute LLC 6.125% 15-FEB-2031, 6.12%, 02/15/31 BLKPRL 09216NAA8 - 376,000 $383,957 $383,957 0.24 $381,142
FIGRE Trust 2024-HE6 C 5.974% 25-DEC-2054, 5.97%, 12/25/54 FIGRE 2024-HE6 31684DAC3 - 372,966 $382,604 $382,604 0.24 $373,328
Inspired Education US Holdings Inc|6.41815|02/28/2031, 6.42%, 02/28/31 INSHOL BL5508348 - 382,692 $382,554 $382,554 0.24 $381,736
APLD ComputeCo 2 LLC 6.75% 15-MAR-2031, 6.75%, 03/15/31 PFORGE 03772CAA1 - 385,000 $381,268 $381,268 0.24 $380,185
Level 3 Financing, Inc. 3.75% 15-JUL-2029, 3.75%, 07/15/29 LVLT 527298BT9 - 406,000 $381,182 $381,182 0.24 $378,221
Civitas Resources, Inc. 9.625% 15-JUN-2033, 9.62%, 06/15/33 SM 17888HAD5 - 335,000 $377,975 $377,975 0.24 $369,018
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 $377,724 $377,724 0.24 $374,968
SV RNO Property Owner 1, LLC 5.875% 01-MAR-2031, 5.88%, 03/01/31 TRACTC 78488XAA2 - 381,000 $376,916 $376,916 0.24 $374,988
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 $375,033 $375,033 0.24 $374,032
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 $372,137 $372,137 0.24 $371,241
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - 374,000 $372,037 $372,037 0.24 $371,754
Antero Resources Corporation 5.4% 01-FEB-2036, 5.40%, 02/01/36 AR 03674XAU0 - 377,000 $371,664 $371,664 0.24 $368,441
Mohegan Escrow Issuer, LLC 11.875% 15-APR-2031, 11.88%, 04/15/31 MOHEGN 60832QAB6 - 342,000 $370,163 $370,163 0.23 $352,113
BioMarin Pharmaceutical Inc. BMRN US 09061G101 - 6,823 $369,056 $369,056 0.23 $369,056
VMED O2 UK Financing I Plc 6.75% 15-JAN-2033, 6.75%, 01/15/33 VMED 92858RAE0 - 393,000 $368,707 $368,707 0.23 $356,917
Zoetis Inc. 0.25% 15-JUN-2029, 0.25%, 06/15/29 ZTS 98978VAY9 - 372,000 $367,043 $367,043 0.23 $366,792
Kioxia Holdings Corporation 6.625% 24-JUL-2033, 6.62%, 07/24/33 KIOXIA 49726JAB4 - 353,000 $366,500 $366,500 0.23 $362,537
Mohegan Escrow Issuer, LLC 8.25% 15-APR-2030, 8.25%, 04/15/30 MOHEGN 60832QAA8 - 347,000 $366,052 $366,052 0.23 $353,329
STACK INFRASTRUCTURE ISSUER A2, 5.00%, 03/27/56 SIDC 2026-1A 85236KAR3 - 378,000 $365,166 $365,166 0.23 $364,011
BX Trust 2024-VLT4 E 6.569404% 15-JUN-2041, 6.56%, 06/15/41 BX 2024-VLT4 05612TAJ4 - 370,000 $363,737 $363,737 0.23 $363,062
Rivers Enterprise Intermediate, LLC 6.25% 15-OCT-2030, 6.25%, 10/15/30 RIVENT 76884GAA3 - 353,000 $363,613 $363,613 0.23 $353,379
Oracle Corporation Depositary Shs Repr 1/2,000th Int 6.50% Mand Con Pfd Shs Ser -D-, 6.50%, 01/15/29 ORCL 68389X204 - 7,950 $362,679 $362,679 0.23 $362,679
JH North America Holdings Inc. 5.875% 31-JAN-2031, 5.88%, 01/31/31 JHXAU 46593WAA3 - 358,000 $360,905 $360,905 0.23 $357,691
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - 353,061 $358,446 $358,446 0.23 $357,684
TeamSystem S.p.A. FRN 31-JUL-2031, 5.52%, 07/31/31 TITANL YW4172816 - 320,000 $358,145 $358,145 0.23 $354,281
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.26721% 25-DEC-2031, 7.27%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - 349,801 $355,242 $355,242 0.22 $353,265
Olympus Water US Holding Corporation 5.375% 01-OCT-2029, 5.38%, 10/01/29 SOLEIN BR3444733 - 320,000 $354,764 $354,764 0.22 $345,139
Asurion Llc Term Loan B 19-Sep-2030, 7.92%, 09/19/30 ASUCOR 04649VBE9 - 354,469 $353,516 $353,516 0.22 $351,722
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - 348,250 $353,397 $353,397 0.22 $351,226
Jones Deslauriers Insurance Management Inc|6.66364|02/02/2033, 6.66%, 02/02/33 NAVCOR BL5337474 - 362,000 $352,516 $352,516 0.22 $350,463
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.31721% 25-FEB-2045, 5.32%, 02/25/45 STACR 2025-HQA1 35564NHA4 - 350,000 $351,474 $351,474 0.22 $350,027
PennyMac Financial Services, Inc. 6.75% 15-FEB-2034, 6.75%, 02/15/34 PFSI 70932MAH0 - 369,000 $349,650 $349,650 0.22 $346,882
Howard Midstream Energy Partners, LLC 6.625% 15-JAN-2034, 6.62%, 01/15/34 HOWARD 442722AD6 - 346,000 $349,104 $349,104 0.22 $344,647
BXHPP Trust 2021-FILM B 4.694% 15-AUG-2036, 4.69%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - 375,000 $348,570 $348,570 0.22 $348,082
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - 348,000 $348,536 $348,536 0.22 $347,954
Summer BC Holdco B SARL|8.93194|02/21/2029, 8.93%, 02/21/29 KANGRP BL4583235 - 417,819 $347,696 $347,696 0.22 $338,880
Stellantis Finance US, Inc. 6.45% 18-MAR-2035, 6.45%, 03/18/35 STLA 85855CAL4 - 350,000 $346,394 $346,394 0.22 $345,955
Carnival Corporation 5.75% 01-AUG-2032, 5.75%, 08/01/32 CCL 143658CA8 - 343,000 $345,228 $345,228 0.22 $342,270
Navient Corporation 5.5% 15-MAR-2029, 5.50%, 03/15/29 NAVI 63938CAM0 - 370,000 $340,486 $340,486 0.22 $339,921
SM Energy Company 7.0% 01-AUG-2032, 7.00%, 08/01/32 SM 78454LAY6 - 331,000 $338,771 $338,771 0.21 $335,295
Univision Communications Inc. 9.375% 01-AUG-2032, 9.38%, 08/01/32 UVN 914906BA9 - 319,000 $335,909 $335,909 0.21 $331,423
BPR Trust 2024-PMDW E 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAL8 - 360,000 $332,236 $332,236 0.21 $330,832
Fora Financial Asset Securitization, Series 2024-1 A 6.33% 15-MAY-2027, 6.33%, 08/15/29 FORA 2024-1A 34512PAA2 - 330,000 $331,241 $331,241 0.21 $330,661
GS Mortgage Securities Corporation Trust 2025-800D A 6.32251% 17-NOV-2041, 6.33%, 11/25/41 GSMS 2025-800D 36273XAA9 - 330,000 $330,227 $330,227 0.21 $329,821
INEOS Finance Plc 7.25% 31-MAR-2031, 7.25%, 03/31/31 INEGRP YK3277877 - 298,000 $328,414 $328,414 0.21 $315,977
Palmer Square European CLO 2021-2 DR 5.15277% 15-MAR-2038, 5.14%, 03/15/38 PLMER 2021-2A BCC3Q13Y6 - 280,000 $328,064 $328,064 0.21 $321,589
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - 325,000 $327,824 $327,824 0.21 $325,893
Inizio Group Ltd Term Loan B 19-Aug-2028, 8.02%, 08/21/28 UDGLN 12509YAE6 - 353,000 $327,338 $327,338 0.21 $317,110
Hudson River Trading Llc Term Loan B 18-Mar-2030, 6.18%, 03/18/30 HURVTR 44413EAK4 - 327,833 $326,931 $326,931 0.21 $326,650
Talen Energy Supply, LLC 6.25% 01-FEB-2034, 6.25%, 02/01/34 TLN 87422VAM0 - 321,000 $326,900 $326,900 0.21 $318,652
ESAB Corporation 5.625% 01-APR-2031, 5.62%, 04/01/31 ESAB 29605JAB2 - 327,000 $326,431 $326,431 0.21 $326,431
New Residential Mortgage Loan Trust 2024-RTL1 A2 7.101% 25-MAR-2039, 7.10%, 03/25/39 NRMLT 2024-RTL1 64831PAB1 - 323,000 $325,340 $325,340 0.21 $323,428
MHP Commercial Mortgage Trust 2021-STOR F 5.99448% 15-JUL-2038, 5.99%, 07/15/38 MHP 2021-STOR 55293BAM7 - 325,000 $325,140 $325,140 0.21 $324,600
SunocoCorp LLC SUNC US 86765Q106 - 5,229 $323,518 $323,518 0.20 $323,518
Research-Driven Pagaya Motor Asset Trust 2026-R1|5.659|07/25/2034, 5.66%, 07/25/34 RPM 2026-R1A 76089TAA8 - 322,000 $322,041 $322,041 0.20 $321,940
F.I.S. Fabbrica Italiana Sintetici S.p.A. FRN 05-FEB-2031, 5.28%, 02/05/31 FISITA YI4040550 - 280,000 $321,532 $321,532 0.20 $319,281
DROP Mortgage Trust 2021-FILE A 4.944% 15-OCT-2043, 4.94%, 10/15/43 DROP 2021-FILE 26210YAA4 - 325,000 $321,393 $321,393 0.20 $320,948
MHC Commercial Mortgage Trust 2021-MHC F 6.395442% 15-APR-2038, 6.39%, 04/15/38 MHC 2021-MHC 55316VAL8 - 320,000 $320,292 $320,292 0.20 $319,724
OneMain Finance Corporation 6.5% 15-MAR-2033, 6.50%, 03/15/33 OMF 682691AM2 - 336,000 $320,228 $320,228 0.20 $319,621
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - 319,899 $319,949 $319,949 0.20 $318,585
Raven Acquisition Holdings, LLC 6.875% 15-NOV-2031, 6.88%, 11/15/31 RCM 75420NAA1 - 318,000 $316,991 $316,991 0.20 $309,096
Aretec Group Inc Term Loan B-4 09-Aug-2030, 6.67%, 08/09/30 RCAP 04009DAJ3 - 316,496 $314,206 $314,206 0.20 $312,739
Cipher Compute LLC 7.125% 15-NOV-2030, 7.12%, 11/15/30 CIFR 17253NAA5 - 295,000 $311,663 $311,663 0.20 $303,956
Taseko Mines Limited 8.25% 01-MAY-2030, 8.25%, 05/01/30 TKOCN 876511AG1 - 288,000 $309,327 $309,327 0.20 $299,823
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.835375% 27-SEP-2052, 0.84%, 09/27/52 BAMLL 05494BAJ6 - 327,626 $308,199 $308,199 0.19 $307,785
Rakuten Group, Inc. 5.125% PERP, 5.12%, 10/22/99 RAKUTN 75102WAA6 - 301,000 $306,804 $306,804 0.19 $300,248
HLF Financing SARL LLC 4.875% 01-JUN-2029, 4.88%, 06/01/29 HLF 40390DAC9 - 323,000 $306,692 $306,692 0.19 $301,706
Millrose Properties, Inc. 6.375% 01-AUG-2030, 6.38%, 08/01/30 MRP 601137AA0 - 303,000 $305,209 $305,209 0.19 $303,063
AOA 2025-1301 D 6.430113% 11-AUG-2042, 6.22%, 08/11/42 AOA 2025-1301 682461AJ7 - 302,000 $302,621 $302,621 0.19 $301,368
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.382032% 15-MAR-2038, 5.76%, 03/15/38 WFCM 2025-VTT 94990GAG4 - 302,000 $302,440 $302,440 0.19 $301,280
American Airlines Inc/AAdvantage Loyalty IP Ltd|5.75|04/20/2029, 5.75%, 04/20/29 AAL 00253XAB7 - 302,000 $302,045 $302,045 0.19 $298,910
Di Issuer LLC, 5.90%, 12/15/55 LMDV 2025-1A 538908AC8 - 301,000 $301,765 $301,765 0.19 $301,272
Midcontinent Communications 8.0% 15-AUG-2032, 8.00%, 08/15/32 MIDCON 59565XAD2 - 321,000 $299,156 $299,156 0.19 $296,303
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 $297,885 $297,885 0.19 $297,403
Extended Stay America Trust 2026-ESH2 E 6.58% 15-FEB-2043, 6.57%, 02/15/43 ESA 2026-ESH2 30227WAJ2 - 296,213 $296,816 $296,816 0.19 $296,329
Kodiak Gas Services, LLC 5.875% 01-APR-2031, 5.88%, 04/01/31 KGS 50012LAF1 - 296,000 $295,609 $295,609 0.19 $295,368
Connecticut Avenue Securities Trust 2022-R07 1B2 15.66721% 25-JUN-2042, 15.67%, 06/25/42 CAS 2022-R07 20754MAL1 - 260,263 $295,494 $295,494 0.19 $292,322
Pilgrim's Pride Corporation 6.25% 01-JUL-2033, 6.25%, 07/01/33 PPC 72147KAK4 - 279,000 $293,561 $293,561 0.19 $289,492
American Electric Power Company, Inc. 3.875% 15-FEB-2062, 3.88%, 02/15/62 AEP 025537AU5 - 298,000 $293,398 $293,398 0.19 $292,115
BX Trust 2025-ROIC E 6.62129% 15-FEB-2042, 6.61%, 03/15/30 BX 2025-ROIC 05593VAN3 - 293,781 $293,098 $293,098 0.19 $292,558
Ahlstrom Oyj /Fi/ Term Loan B 23-May-2030, 8.18%, 05/24/30 AHLMUN 78475BAB3 - 289,666 $292,880 $292,880 0.19 $287,348
SCG Trust 2025-SNIP E 7.08% 15-SEP-2042, 7.07%, 09/15/42 SCG 2025-SNIP 78398JAJ3 - 290,000 $290,569 $290,569 0.18 $289,999
BX Trust 2026-CART D 5.58% 15-FEB-2036, 5.57%, 02/15/36 BX 2026-CART 12433MAG8 - 290,000 $290,430 $290,430 0.18 $289,981
House of HR Group BV 9.0% 03-NOV-2029, 9.00%, 11/03/29 HOUSEH 85NW8LXX4 - 300,000 $290,049 $290,049 0.18 $289,180
BX Commercial Mortgage Trust 2026-XL6 D 5.78% 15-MAR-2043, 5.77%, 03/15/43 BX 2026-XL6 12433NAG6 - 290,000 $289,378 $289,378 0.18 $288,913
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - 280,000 $285,051 $285,051 0.18 $274,225
Royal Caribbean Cruises Ltd|5.375|01/15/2036, 5.38%, 01/15/36 RCL 78017TAB9 - 285,000 $284,127 $284,127 0.18 $281,148
LifePoint Health, Inc. 10.0% 01-JUN-2032, 10.00%, 06/01/32 RGCARE 53219LAX7 - 271,000 $283,605 $283,605 0.18 $275,024
Viper Energy Partners LLC 5.7% 01-AUG-2035, 5.70%, 08/01/35 VNOM 92764MAB0 - 279,000 $283,213 $283,213 0.18 $280,827
Rithm Capital Corp. 8.0% 15-JUL-2030, 8.00%, 07/15/30 RITM 64828TAC6 - 286,000 $280,665 $280,665 0.18 $276,216
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 5.76721% 25-SEP-2041, 5.77%, 09/25/41 STACR 2021-HQA3 35564KJP5 - 277,867 $280,366 $280,366 0.18 $279,119
Cipher Digital Inc. CIFR US 17253J106 - 18,777 $279,402 $279,402 0.18 $279,402
Capital One Financial Corporation 6.183% 30-JAN-2036, 6.18%, 01/30/36 COF 14040HDJ1 - 273,000 $278,079 $278,079 0.18 $275,501
Gloves Buyer Inc Term Loan B 21-May-2032, 7.67%, 05/24/32 PROINP 37987UAG7 - 277,560 $277,898 $277,898 0.18 $276,419
Westlake Automobile Receivables Trust Series 2025-P1 D 5.59% 15-JUL-2032, 5.59%, 07/15/32 WLAKE 2025-P1 96043LAG5 - 275,000 $277,195 $277,195 0.18 $276,768
PRM7 Trust 2025-PRM7 E 6.839055% 10-NOV-2042, 6.62%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - 278,000 $276,667 $276,667 0.17 $275,440
CVS Health Corporation 6.75% 10-DEC-2054, 6.75%, 12/10/54 CVS 126650EG1 - 267,000 $275,784 $275,784 0.17 $270,528
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 $275,246 $275,246 0.17 $275,029
River Rock Entertainment Authority Term Loan B 01-Dec-2031, 12.67%, 11/24/31 RIVER 76837PAC7 - 280,000 $273,099 $273,099 0.17 $273,000
Allwyn Entertainment Financing (UK) Plc 4.625% 15-AUG-2031, 4.62%, 08/15/31 SAZKAG YI9620174 - 240,000 $270,908 $270,908 0.17 $269,658
TEXAS Commercial Mortgage Trust 2025-TWR D 6.7706% 15-APR-2042, 6.76%, 04/15/42 TEXAS 2025-TWR 88231WAG0 - 271,000 $269,653 $269,653 0.17 $269,144
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - 258,114 $268,572 $268,572 0.17 $258,197
Toronto-Dominion Bank 6.35% 31-OCT-2085, 6.35%, 10/31/85 TD 89116C4H7 - 269,000 $266,995 $266,995 0.17 $264,386
Millrose Properties, Inc. 6.25% 15-SEP-2032, 6.25%, 09/15/32 MRP 601137AB8 - 269,000 $265,166 $265,166 0.17 $264,699
Watco Companies, LLC 7.125% 01-AUG-2032, 7.12%, 08/01/32 WATCOS 941130AD8 - 254,000 $264,146 $264,146 0.17 $261,432
Qwest Capital Funding, Inc. 6.875% 15-JUL-2028, 6.88%, 07/15/28 QWECOM 912912AQ5 - 268,000 $262,667 $262,667 0.17 $259,084
Dermatology Intermediate Holdings Iii Inc Term Loan 02-Apr-2029, 7.92%, 04/02/29 DEINHO 24982LAB1 - 276,419 $262,426 $262,426 0.17 $259,143
Sierra Timeshare 2025-1 Receivables Funding D 6.86% 20-JAN-2042, 6.86%, 01/21/42 SRFC 2025-1A 82653CAD3 - 266,123 $261,792 $261,792 0.17 $261,538
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - 255,117 $258,167 $258,167 0.16 $257,598
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - 262,342 $256,097 $256,097 0.16 $255,752
Michaels Companies, Inc. 8.5% 15-MAR-2033, 8.50%, 03/15/33 MIK 59408QAB2 - 263,000 $254,244 $254,244 0.16 $253,002
Structured Agency Credit Risk (STACR) Debt Notes, Series 2020-HQA5 B2 11.06721% 25-NOV-2050, 11.07%, 11/25/50 STACR 2020-HQA5 35565TBE8 - 205,047 $251,772 $251,772 0.16 $250,196
Connecticut Avenue Securities Trust 2022-R06 1M2 7.51721% 25-MAY-2042, 7.52%, 05/25/42 CAS 2022-R06 20754NAK1 - 243,000 $251,526 $251,526 0.16 $250,105
Lavender Dutch Borrowerco Bv Term Loan B 17-Sep-2032, 6.93%, 12/31/32 LAVEND 51944RAB8 - 249,219 $250,576 $250,576 0.16 $246,832
GCI LIBERTY 12% SERIES A CUMULATIVE PREFERRED, 12.00%, 07/15/32 GCI 3385617 - 250.00 $250,000 $250,000 0.16 $250,000
Santander Bank Auto Credit-Linked Notes, Series 2025-A E 6.274% 15-JAN-2034, 6.27%, 01/16/34 SBCLN 2025-A 80290CCU6 - 250,000 $249,939 $249,939 0.16 $249,503
Atlas Warehouse Lending Company, L.P. 4.95% 15-NOV-2030, 4.95%, 11/15/30 ATWALD 049463AG7 - 250,000 $249,634 $249,634 0.16 $245,096
Xcel Energy Inc. 5.75% 03-DEC-2056, 5.75%, 12/03/56 XEL 98389BBF6 - 254,000 $249,326 $249,326 0.16 $248,434
Directv Financing Llc Term Loan B 02-Aug-2029, 9.18%, 08/02/29 DTV 25460HAD4 - 243,582 $247,520 $247,520 0.16 $244,103
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - 243,791 $246,326 $246,326 0.16 $245,205
Aretec Escrow Issuer Inc. 10.0% 15-AUG-2030, 10.00%, 08/15/30 RCAP 04020JAA4 - 229,000 $245,217 $245,217 0.16 $242,672
Asurion, LLC 8.0% 31-DEC-2032, 8.00%, 12/31/32 ASUCOR 045941AA9 - 231,000 $244,855 $244,855 0.15 $239,927
Veritiv Operating Co|7.6608|11/29/2030, 7.66%, 11/29/30 VRTV 92338TAB2 - 251,086 $244,590 $244,590 0.15 $244,259
Surgery Center Holdings, Inc. 7.25% 15-APR-2032, 7.25%, 04/15/32 SURCEN 86881WAF9 - 242,000 $244,358 $244,358 0.15 $236,560
Atlas Warehouse Lending Company, L.P. 5.25% 15-JAN-2033, 5.25%, 01/15/33 ATWALD 049463AH5 - 250,000 $243,490 $243,490 0.15 $241,157
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - 248,000 $243,081 $243,081 0.15 $241,855
Reach ABS Trust 2026-1 D 5.16% 15-FEB-2033, 5.16%, 02/15/33 REACH 2026-1A 75526XAD6 - 250,000 $241,465 $241,465 0.15 $241,107
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - 233,108 $236,220 $236,220 0.15 $236,034
Humana Inc. 5.5% 15-MAR-2053, 5.50%, 03/15/53 HUM 444859BX9 - 271,000 $234,643 $234,643 0.15 $234,229
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - 240,000 $233,898 $233,898 0.15 $233,350
RKTL 2026-1 5.21%35 D, 5.21%, 02/26/35 RKTL 2026-1A 74990JAD7 - 234,000 $231,831 $231,831 0.15 $230,612
Rocket Software Inc|7.423|11/28/2028, 7.42%, 11/28/28 ROCSOF 77313DAW1 - 240,000 $231,580 $231,580 0.15 $230,700
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 $228,890 $228,890 0.14 $228,230
Hudbay Minerals Inc HBM US 443628102 - 12,034 $228,044 $228,044 0.14 $228,044
Flutter Treasury Designated Activity Company 6.125% 04-JUN-2031, 6.12%, 06/04/31 FLTR YO7610554 - 170,000 $226,865 $226,865 0.14 $220,673
MetroNet Infrastructure Issuer LLC|7.1|04/20/2056, 7.10%, 04/20/56 MNET 2026-1A 59170JBL1 - 229,000 $226,486 $226,486 0.14 $226,261
Project Alpha Intermediate Holding Inc Term Loan B 26-Oct-2030, 6.92%, 10/28/30 QLIK 74339DAN8 - 296,071 $226,442 $226,442 0.14 $222,793
PENN Entertainment, Inc. 4.125% 01-JUL-2029, 4.12%, 07/01/29 PENN 707569AV1 - 239,000 $225,481 $225,481 0.14 $223,181
Taurus 2025-3 UK D 6.5438% 20-JUL-2035, 6.73%, 07/20/35 TAURS 2025-UK3A BCC3N1GT6 - 170,000 $225,327 $225,327 0.14 $224,210
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.11721% 25-OCT-2044, 5.12%, 10/25/44 STACR 2024-DNA3 35564NFA6 - 223,791 $224,674 $224,674 0.14 $223,783
INEOS US Petrochem LLC|8.023|03/29/2029, 8.02%, 03/29/29 STYRO BL4462091 - 290,780 $219,851 $219,851 0.14 $218,231
Extended Stay America Trust 2025-ESH E 7.03% 15-OCT-2042, 7.02%, 10/15/42 ESA 2025-ESH 30227TAJ9 - 219,000 $219,781 $219,781 0.14 $219,354
SEB Funding LLC|6.665|01/30/2056, 6.67%, 01/30/56 SEB4P 2026-1A 78433DAD6 - 221,000 $219,164 $219,164 0.14 $218,673
SALUDA GRADE ALTERNATIVE MORT A2, 6.75%, 03/25/31 GRADE 2026-RTL7 79584UAB7 - 217,000 $217,264 $217,264 0.14 $215,067
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.46721% 25-JUL-2048, 5.47%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - 215,842 $217,007 $217,007 0.14 $216,089
Di Issuer LLC, 7.88%, 12/15/55 LMDV 2025-1A 538908AE4 - 214,000 $216,273 $216,273 0.14 $215,804
GLP Capital LP 5.625% 01-MAR-2036, 5.62%, 03/01/36 GLPI 361841AX7 - 223,000 $216,085 $216,085 0.14 $215,354
Garda World Security Corporation 6.5% 15-JAN-2031, 6.50%, 01/15/31 GWCN 36485MAQ2 - 207,000 $215,803 $215,803 0.14 $211,019
Albion Financing 3 Sarl Term Loan B 01-May-2031, 6.66%, 05/21/31 AGKLN 01330EAD0 - 213,000 $214,383 $214,383 0.14 $213,200
Connecticut Avenue Securities Trust 2025-R01 1B1 5.36721% 25-JAN-2045, 5.37%, 01/25/45 CAS 2025-R01 20755JAG8 - 212,536 $213,533 $213,533 0.14 $212,646
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - 202,573 $213,510 $213,510 0.14 $203,437
Spa US HoldCo Inc|7.93355|02/04/2028, 7.93%, 02/04/28 AHLMUN BL3566777 - 208,891 $213,073 $213,073 0.13 $207,533
DT Midstream, Inc 5.8% 15-DEC-2034, 5.80%, 12/15/34 DTMINC 23345MAD9 - 205,000 $212,529 $212,529 0.13 $209,226
PennyMac Financial Services, Inc. PFSI US 70932M107 - 2,515 $212,014 $212,014 0.13 $212,014
Citigroup Inc. 5.592% 19-NOV-2034, 5.59%, 11/19/34 C 172967PN5 - 205,000 $211,533 $211,533 0.13 $207,521
Star Parent Inc Term Loan B 27-Sep-2030, 7.67%, 09/30/30 SYNH 87169DAB1 - 206,687 $211,428 $211,428 0.13 $204,215
Broadcom Inc. AVGO US 11135F101 - 662.00 $211,138 $211,138 0.13 $210,708
Vistra Operations Co. LLC 6.0% 15-APR-2034, 6.00%, 04/15/34 VST 92840VAS1 - 198,000 $208,699 $208,699 0.13 $203,419
Western Funding Auto Loan Trust 2025-1 C 5.34% 15-NOV-2035, 5.34%, 11/15/35 WEFUN 2025-1 958250AC6 - 208,000 $205,301 $205,301 0.13 $204,992
Booz Allen Hamilton, Inc. 5.95% 15-APR-2035, 5.95%, 04/15/35 BAH 09951LAD5 - 199,000 $204,910 $204,910 0.13 $199,647
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - 192,328 $204,101 $204,101 0.13 $203,615
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - 198,000 $201,848 $201,848 0.13 $201,469
Asurion, LLC 8.375% 01-FEB-2034, 8.38%, 02/01/34 ASUCOR 045941AB7 - 206,000 $201,569 $201,569 0.13 $198,933
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - 257,817 $201,505 $201,505 0.13 $201,505
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - 802,000 $198,996 $198,996 0.13 $197,722
SCG Commercial Mortgage Trust 2025-FLWR E 6.43% 15-AUG-2042, 6.42%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - 200,000 $198,858 $198,858 0.13 $198,501
Algonquin Power & Utilities Corp. 4.75% 18-JAN-2082, 4.75%, 01/18/82 AQNCN 015857AH8 - 202,000 $197,996 $197,996 0.13 $196,211
BioMarin Pharmaceutical Inc. 5.5% 15-FEB-2034, 5.50%, 02/15/34 BMRN 09061GAL5 - 200,000 $197,839 $197,839 0.13 $196,525
Olympus Water US Holding Corporation 7.25% 15-FEB-2033, 7.25%, 02/15/33 SOLEIN 681639AE0 - 200,000 $197,828 $197,828 0.13 $191,142
Nidda Healthcare Holding GmbH FRN 15-OCT-2032, 5.23%, 10/15/32 SAZGR YK5244370 - 170,000 $196,220 $196,220 0.12 $195,189
HLF Financing SARL LLC 12.25% 15-APR-2029, 12.25%, 04/15/29 HLF 40390DAD7 - 175,000 $195,951 $195,951 0.12 $186,423
First Quantum Minerals Ltd. 6.375% 15-FEB-2036, 6.38%, 02/15/36 FMCN 335934AY1 - 200,000 $194,324 $194,324 0.12 $193,297
Infinity Natural Resources, LLC 7.625% 01-APR-2031, 7.62%, 04/01/31 INFNAR 45690BAA3 - 193,000 $193,542 $193,542 0.12 $193,338
GNMA II TBA 30yr 4% April Delivery, 4.00%, 04/21/26 G2SF 21H040640 - 204,000 $189,742 $189,742 0.12 $189,742
Burford Capital Global Finance LLC 8.5% 15-JAN-2034, 8.50%, 01/15/34 BURLN 12116LAJ8 - 200,000 $189,497 $189,497 0.12 $186,191
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - 243,129 $189,212 $189,212 0.12 $189,208
Salas O'brien Inc|6.423|01/31/2033, 6.42%, 01/31/33 SALOBR BL5450335 - 187,157 $187,658 $187,658 0.12 $186,924
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 $187,077 $187,077 0.12 $186,758
CoreWeave, Inc. 9.25% 01-JUN-2030, 9.25%, 06/01/30 CRWV 21873SAB4 - 185,000 $185,503 $185,503 0.12 $180,084
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - 184,610 $184,132 $184,132 0.12 $183,821
Long Ridge Energy LLC 8.75% 15-FEB-2032, 8.75%, 02/15/32 LONRID 54288CAA1 - 171,000 $181,549 $181,549 0.11 $179,887
Westlake Automobile Receivables Trust 2026-1 D 4.75% 15-JUL-2031, 4.75%, 07/15/31 WLAKE 2026-1A 96043BAG7 - 179,000 $177,104 $177,104 0.11 $176,867
ALA Trust 2025-OANA D 6.77072% 15-JUN-2040, 6.76%, 06/15/40 ALA 2025-OANA 009920AG4 - 176,000 $176,876 $176,876 0.11 $176,545
Research-Driven Pagaya Motor Asset Trust 2026-R1|6.211|07/25/2034, 6.21%, 07/25/34 RPM 2026-R1A 76089TAB6 - 176,000 $175,903 $175,903 0.11 $175,842
Lendbuzz Securitization Trust 2026-1 A2 4.68% 15-JUL-2030, 4.68%, 07/15/30 LBZZ 2026-1A 525952AB3 - 174,604 $174,714 $174,714 0.11 $174,487
CVS Health Corporation 7.0% 10-MAR-2055, 7.00%, 03/10/55 CVS 126650EH9 - 169,000 $174,215 $174,215 0.11 $173,722
Mens Wearhouse Llc Term Loan B 01-Dec-2031, 9.42%, 01/28/31 TLRD 58711MAK5 - 171,286 $173,268 $173,268 0.11 $171,072
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - 168,739 $171,326 $171,326 0.11 $171,013
GWT Commercial Mortgage Trust 2024-WLF2 E 7.31843% 15-MAY-2041, 7.31%, 05/15/41 GWT 2024-WLF2 362414AJ3 - 171,000 $170,708 $170,708 0.11 $170,361
SWCH Commercial Mortgage Trust 2025-DATA E 7.02022% 15-FEB-2042, 7.01%, 02/15/42 SWCH 2025-DATA 78489CAE9 - 170,000 $167,968 $167,968 0.11 $167,637
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.4122% 15-NOV-2036, 6.41%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - 165,000 $165,094 $165,094 0.10 $164,800
Applied Digital Corporation APLD US 038169207 - 6,107 $163,607 $163,607 0.10 $163,607
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 $162,344 $162,344 0.10 $162,256
TAURUS 25-3 UK FLTG 2035, 5.93%, 07/20/35 TAURS 2025-UK3A BCC3N1GS8 - 120,000 $160,298 $160,298 0.10 $159,735
UMBS TBA 30yr 6.5% April Delivery, 6.50%, 04/13/26 FNCL 01F062648 - 153,000 $158,000 $158,000 0.10 $158,000
Travere Therapeutics, Inc. 2.25% 01-MAR-2029, 2.25%, 03/01/29 TVTX 89422GAA5 - 131,000 $157,370 $157,370 0.10 $157,174
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - 160,000 $157,341 $157,341 0.10 $157,220
PNW Trust 2026-ARTE D 7.18384% 15-APR-2029, 7.18%, 04/15/29 PNW 2026-ARTE 73020TAG4 - 155,000 $154,613 $154,613 0.10 $154,613
Great Wolf Trust 2024-WOLF D 6.57% 15-MAR-2039, 6.56%, 03/15/39 GWT 2024-WOLF 39152MAG0 - 154,000 $154,329 $154,329 0.10 $154,048
FREMF 2023-K511 Mortgage Trust C 5.634368% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - 162,000 $153,109 $153,109 0.10 $151,740
RCKT MORTGAGE TR 2026-CES2 M1A, 5.36%, 02/25/56 RCKT 2026-CES2 74940EAE7 - 150,000 $149,674 $149,674 0.09 $148,469
Exeter Select Automobile Receivables Trust 2025-2 D 5.34% 15-JAN-2032, 5.34%, 01/15/32 ESART 2025-2 30185EAF0 - 150,000 $149,512 $149,512 0.09 $149,289
Extended Stay America Trust 2026-ESH2 F 7.43% 15-FEB-2043, 7.42%, 02/15/43 ESA 2026-ESH2 30227WAL7 - 148,602 $149,216 $149,216 0.09 $148,909
BX Commercial Mortgage Trust 2024-MF C 5.6209% 15-FEB-2039, 5.61%, 02/15/39 BX 2024-MF 05612EAE8 - 148,756 $148,733 $148,733 0.09 $148,501
Business Jet Securities, Series 2024-1 C 9.132% 15-MAY-2039, 9.13%, 05/15/39 BJETS 2024-1A 12327CAC8 - 144,743 $148,654 $148,654 0.09 $148,287
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - 150,000 $147,852 $147,852 0.09 $147,615
Prima Capital CRE Securitization 2019-1S C 5.5% 25-OCT-2038, 5.50%, 10/01/33 PRIMA 2019-1S 74166KAE0 - 175,000 $146,756 $146,756 0.09 $145,820
Navient Corporation 5.0% 15-MAR-2027, 5.00%, 03/15/27 NAVI 63938CAK4 - 150,000 $146,182 $146,182 0.09 $145,974
Parexel International Inc Term Loan B 31-Dec-2031, 6.42%, 12/12/31 PRXL 71911KAF1 - 145,000 $145,429 $145,429 0.09 $144,782
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 $144,096 $144,096 0.09 $143,885
Weekley Homes, LLC 6.75% 15-JAN-2034, 6.75%, 01/15/34 WEEKHM 948565AF3 - 146,000 $143,464 $143,464 0.09 $140,644
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 8.91154% 20-MAY-2032, 8.92%, 05/20/32 HACLN 2024-1 44644NAD1 - 132,082 $141,641 $141,641 0.09 $133,591
StoneX Group Inc. 7.875% 01-MAR-2031, 7.88%, 03/01/31 SNEX 861896AA6 - 136,000 $141,462 $141,462 0.09 $140,748
UnitedHealth Group Incorporated 5.3% 15-JUN-2035, 5.30%, 06/15/35 UNH 91324PFQ0 - 137,000 $141,363 $141,363 0.09 $139,346
Qwest Capital Funding, Inc. 7.75% 15-FEB-2031, 7.75%, 02/15/31 QWECOM 74913EAJ9 - 151,000 $138,333 $138,333 0.09 $137,032
Caesars Entertainment, Inc. CZR US 12769G100 - 5,248 $138,075 $138,075 0.09 $138,075
Project Alpha Intermediate Holding Inc|8.67194|05/09/2033, 8.67%, 05/09/33 QLIK BL4806313 - 227,000 $137,332 $137,332 0.09 $132,682
Cogent Biosciences, Inc. 1.625% 15-NOV-2031, 1.62%, 11/15/31 COGT 19240QAA0 - 117,000 $136,449 $136,449 0.09 $135,778
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 $128,455 $128,455 0.08 $128,211
Osaic Holdings Inc Term Loan 01-Aug-2032, 6.16%, 08/02/32 ADVGRO 68773JAJ9 - 123,000 $121,817 $121,817 0.08 $120,743
Level 3 Financing, Inc. 6.875% 30-JUN-2033, 6.88%, 06/30/33 LVLT 527298CM3 - 115,135 $118,396 $118,396 0.07 $116,527
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - 118,000 $117,916 $117,916 0.07 $117,749
Great Wolf Trust 2024-WOLF G 9.116% 15-MAR-2039, 9.11%, 03/15/39 GWT 2024-WOLF 39152MAN5 - 117,000 $117,571 $117,571 0.07 $117,275
Extended Stay America Trust 2025-ESH F 7.78% 15-OCT-2042, 7.77%, 10/15/42 ESA 2025-ESH 30227TAL4 - 117,000 $117,454 $117,454 0.07 $117,202
Matador Resources Company 6.0% 15-APR-2034, 6.00%, 04/15/34 MTDR 576485AJ5 - 117,000 $115,920 $115,920 0.07 $115,530
Victra Holdings Llc Term Loan B 29-Mar-2029, 7.42%, 03/29/29 VICTRA 50226BAN8 - 112,612 $113,883 $113,883 0.07 $111,909
BXHPP Trust 2021-FILM A 4.444% 15-AUG-2036, 4.44%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - 117,000 $111,551 $111,551 0.07 $111,407
Park River Holdings Inc Term Loan B 15-Mar-2031, 8.16%, 03/17/31 PRIMBP 70082HAE6 - 110,000 $110,046 $110,046 0.07 $108,001
Reno De Medici S.p.A. FRN 15-APR-2029, 7.10%, 04/15/29 SAFFA XS2798174434 - 320,000 $108,384 $108,384 0.07 $107,654
Star Parent, Inc. 9.0% 01-OCT-2030, 9.00%, 10/01/30 SYNH 855170AA4 - 99,000 $106,330 $106,330 0.07 $102,023
LGI Homes, Inc. 7.0% 15-NOV-2032, 7.00%, 11/15/32 LGIH 50187TAK2 - 112,000 $104,731 $104,731 0.07 $101,900
BX Commercial Mortgage Trust 2026-XL6 E 6.68% 15-MAR-2043, 6.67%, 03/15/43 BX 2026-XL6 12433NAJ0 - 103,000 $102,858 $102,858 0.07 $102,667
Saluda Grade Alternative Mortgage Trust 2025-RRTL1 A2 5.657% 25-OCT-2040, 5.66%, 10/25/40 GRADE 2025-RRTL1 79582NAB5 - 100,000 $100,514 $100,514 0.06 $99,666
BX Commercial Mortgage Trust 2026-CSMO D 6.10965% 15-FEB-2043, 6.12%, 02/15/43 BX 2026-CSMO 12433LAG0 - 100,000 $100,104 $100,104 0.06 $99,934
BX Commercial Mortgage Trust 2026-CSMO C 5.65965% 15-FEB-2043, 5.67%, 02/15/43 BX 2026-CSMO 12433LAE5 - 100,000 $100,065 $100,065 0.06 $99,908
TVC Mortgage Trust 2026-RRTL1 M1 6.34% 25-FEB-2041, 6.34%, 02/25/41 TVC 2026-RRTL1 87306XAC9 - 100,000 $99,888 $99,888 0.06 $99,360
TVC Mortgage Trust 2026-RRTL1 A2 5.315% 25-FEB-2041, 5.32%, 02/25/41 TVC 2026-RRTL1 87306XAB1 - 100,000 $99,777 $99,777 0.06 $99,334
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - 95,000 $97,626 $97,626 0.06 $97,419
Connecticut Avenue Securities, Series 2021-R01 1B2 9.66721% 25-OCT-2041, 9.67%, 10/25/41 CAS 2021-R01 20754RAJ5 - 95,000 $97,612 $97,612 0.06 $96,898
Structured Agency Credit Risk (STACR) Debt Notes, Series 2018-DNA3 B2 11.53169% 25-SEP-2048, 11.53%, 09/25/48 STACR 2018-DNA3 35563WBE3 - 84,000 $96,671 $96,671 0.06 $95,917
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - 82,218 $94,598 $94,598 0.06 $82,399
GNMA II TBA 30yr 5% April Delivery, 5.00%, 04/21/26 G2SF 21H050649 - 96,000 $94,515 $94,515 0.06 $94,515
INEOS US Petrochem LLC|7.923|10/07/2031, 7.92%, 10/07/31 STYRO BL4766400 - 130,018 $90,387 $90,387 0.06 $89,672
Six Flags Entertainment Corporation 8.625% 15-JAN-2032, 8.62%, 01/15/32 FUN 83003AAA8 - 87,000 $88,559 $88,559 0.06 $87,079
Univision Communications Inc. 8.5% 31-JUL-2031, 8.50%, 07/31/31 UVN 914906AZ5 - 85,000 $86,853 $86,853 0.05 $85,749
Apollo Debt Solutions BDC 5.2% 08-DEC-2028, 5.20%, 12/08/28 APODS 03770DAH6 - 81,000 $80,800 $80,800 0.05 $79,548
New Home Company Inc. 9.25% 01-OCT-2029, 9.25%, 10/01/29 NWHM 645370AF4 - 73,000 $78,068 $78,068 0.05 $74,805
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.41721% 25-JUN-2047, 6.42%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - 74,870 $76,270 $76,270 0.05 $75,897
Marex Group plc 6.404% 04-NOV-2029, 6.40%, 11/04/29 MARGRO 566539AA0 - 70,000 $73,314 $73,314 0.05 $71,558
Connecticut Avenue Securities, Series 2021-R02 2B2 9.86721% 25-NOV-2041, 9.87%, 11/25/41 CAS 2021-R02 20754KAJ0 - 70,000 $72,309 $72,309 0.05 $71,772
Chariot Buyer Llc Term Loan B 08-Sep-2032, 6.42%, 09/08/32 CHAGRO 15963CAE6 - 71,814 $71,554 $71,554 0.05 $71,552
GNMA II TBA 30yr 5.5% April Delivery, 5.50%, 04/21/26 G2SF 21H052645 - 68,000 $68,113 $68,113 0.04 $68,113
SM Energy Company 6.625% 15-APR-2034, 6.62%, 04/15/34 SM 78454LAZ3 - 65,000 $64,524 $64,524 0.04 $64,332
BX Commercial Mortgage Trust 2024-GPA3 B 5.32233% 15-DEC-2039, 5.31%, 12/15/39 BX 2024-GPA3 123910AC5 - 63,514 $63,608 $63,608 0.04 $63,514
Connecticut Avenue Securities Trust 2024-R06 1M2 5.26721% 25-SEP-2044, 5.27%, 09/25/44 CAS 2024-R06 20755RAC9 - 54,763 $55,013 $55,013 0.03 $54,788
Azuria Water Solutions Inc|6.4254|01/27/2033, 6.43%, 01/27/33 AEGN BL5473469 - 55,308 $54,666 $54,666 0.03 $54,686
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 - 43,944 $44,538 $44,538 0.03 $44,289
CoreWeave, Inc. 9.0% 01-FEB-2031, 9.00%, 02/01/31 CRWV 21873SAC2 - 42,000 $40,773 $40,773 0.03 $40,206
Lendbuzz Securitization Trust 2026-1 C 5.74% 15-SEP-2031, 5.74%, 09/15/31 LBZZ 2026-1A 525952AD9 - 37,285 $37,148 $37,148 0.02 $37,089
Salas O'brien Inc|6.42434|01/31/2033, 6.42%, 01/31/33 SALOBR BL5450350 - 31,193 $31,171 $31,171 0.02 $31,154
Lendbuzz Securitization Trust 2026-1 B 5.16% 15-DEC-2030, 5.16%, 12/16/30 LBZZ 2026-1A 525952AC1 - 29,101 $28,672 $28,672 0.02 $28,630
OneMain Finance Corporation 6.75% 15-SEP-2033, 6.75%, 09/15/33 OMF 682691AN0 - 29,000 $27,807 $27,807 0.02 $27,753
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA3 B2 9.91721% 25-OCT-2033, 9.92%, 10/25/33 STACR 2021-DNA3 35564KFH7 - 20,164 $25,523 $25,523 0.02 $25,368
Allwyn Entertainment Financing (UK) Plc 7.25% 30-APR-2030, 7.25%, 04/30/30 SAZKAG 8J07N0XX3 - - $13,430 $13,430 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 - 6,961 $7,015 $7,015 0.00 $6,936
US 5YR NOTE (CBT) Jun26 JUN 26 FVM6 FUTURES_USD - 384.00 $41,364,000 $0 0.00 $0
US LONG BOND(CBT) Jun26 JUN 26 USM6 FUTURES_USD - -9.00 $-1,013,625 $0 0.00 $0
US 10yr Ultra Fut Jun26 JUN 26 UXYM6 FUTURES_USD - -47.00 $-5,301,453 $0 0.00 $0
US 10YR NOTE (CBT)Jun26 JUN 26 TYM6 FUTURES_USD - 11.00 $1,214,641 $0 0.00 $0
US 2YR NOTE (CBT) Jun26 JUN 26 TUM6 FUTURES_USD - 196.00 $40,565,875 $0 0.00 $0
US ULTRA BOND CBT Jun26 JUN 26 WNM6 FUTURES_USD - -14.00 $-1,618,750 $0 0.00 $0
SEGREGATED CASH SEGCASH $0.00 678,565 $678,565 $678,565 0.43 $678,565
EURO EUR - -1,975,070 $-2,286,729 $-2,286,729 -1.45 $-2,286,729
US DOLLARS USD MD_142224 - -30,575,976 $-30,575,976 $-30,575,976 -19.33 $-30,575,976
Buy Protection, 1.00%, 06/20/31 2I65BYEJ0 2I65BYEJ0 - 7,300,000 $0 $7,300,000 4.62 $7,300,000
Buy Protection, 1.00%, 06/20/31 2I65BYEJ0 2I65BYEJ0 - -7,300,000 $-7,300,000 $-7,300,000 -4.62 $-7,300,000
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 $364,588 0.23 $364,588
Janus Henderson AAA CLO ETF 07/23/26 JAAA US 47103U845 $50.80 149,180 $7,547,016 $-31,328 -0.02 $-31,328
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 $-94,697 -0.06 $-94,697
FX Forward|EUR|05/22/2026 +EUR1 - -10,294,436 $-11,951,063 $-11,951,063 -7.56 $-11,951,063
FX Forward|USD|05/22/2026 +EUR1 - 12,185,679 $12,185,679 $12,185,679 7.71 $12,185,679
FX Forward|GBP|05/22/2026 +GBP6 - -777,030 $-1,039,579 $-1,039,579 -0.66 $-1,039,579
FX Forward|USD|05/22/2026 +GBP6 - 1,050,456 $1,050,456 $1,050,456 0.66 $1,050,456
FX Forward|EUR|05/22/2026 +EUR1 - 325,663 $378,070 $378,070 0.24 $378,070
FX Forward|USD|05/22/2026 +EUR1 - -385,715 $-385,715 $-385,715 -0.24 $-385,715
FX Forward|EUR|05/22/2026 +EUR0 - 27,783 $32,254 $32,254 0.02 $32,254
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 $2,688 $2,688 0.00 $2,688
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 $18,006 $18,006 0.01 $18,006
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 $-580,462 $-580,462 -0.37 $-580,462
FX Forward|USD|05/22/2026 +EURU - 577,366 $577,366 $577,366 0.37 $577,366
FX Forward|EUR|05/22/2026 +EUR2 - 94,900 $110,172 $110,172 0.07 $110,172
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 $130,813 $130,813 0.08 $130,813
FX Forward|USD|05/22/2026 +EUR1 - -130,913 $-130,913 $-130,913 -0.08 $-130,913
FX Forward|EUR|05/22/2026 - - -500,000 $-580,462 $-580,462 -0.37 $-580,462
FX Forward|USD|05/22/2026 - - 580,472 $580,472 $580,472 0.37 $580,472
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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