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

Short Duration Income ETF Holdings

Full Portfolio Holdings

(As of September 11, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028, 4.95%, 01/14/28 MS 61690U8A1 - - 43,610,000 $44,414,289 $44,414,289 1.61 $44,066,359
Citigroup Inc. 5.61% 29-SEP-2026, 5.61%, 09/29/26 C 172967NX5 - - 35,000,000 $35,907,805 $35,907,805 1.30 $35,018,775
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,596,025 $34,596,025 1.25 $33,738,704
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,483,050 $27,483,050 1.00 $27,483,050
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,437,959 $26,437,959 0.95 $26,192,205
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $26,211,482 $26,211,482 0.94 $25,741,549
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,903,189 $25,903,189 0.93 $25,822,449
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,366,368 $25,366,368 0.91 $25,202,346
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,833,721 $23,833,721 0.86 $23,700,349
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,748,146 $23,748,146 0.85 $23,544,823
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,504,194 $23,504,194 0.85 $23,156,130
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 23,251,403 $23,499,996 $23,499,996 0.85 $23,445,756
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,273,632 $23,273,632 0.84 $22,941,944
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,830,242 $22,830,242 0.82 $22,818,431
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,099,278 $22,099,278 0.80 $21,918,110
BX Trust 2025-ROIC A 5.50693% 15-FEB-2042, 5.51%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,976,747 $20,976,747 0.75 $20,887,400
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,775,673 $20,775,673 0.75 $20,259,010
Toyota Motor Credit Corporation FRN 05-SEP-2028, 5.14%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,657,722 $20,657,722 0.74 $20,637,174
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,616,910 $20,616,910 0.74 $20,286,860
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $20,247,993 $20,247,993 0.73 $20,056,012
Amgen Inc. 5.507% 02-MAR-2026, 5.51%, 03/02/26 AMGN 031162DN7 - - 20,025,000 $20,061,172 $20,061,172 0.72 $20,030,539
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,818,575 $19,818,575 0.71 $19,432,315
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,666,250 $19,666,250 0.71 $19,251,398
NOW Trust 2024-1 A 4.9624% 14-JUN-2032, 4.96%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 29,197,963 $19,604,799 $19,604,799 0.71 $19,528,262
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,292,504 $19,292,504 0.69 $19,269,241
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $19,278,063 $19,278,063 0.69 $19,127,693
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,768,360 $17,768,360 0.64 $17,687,034
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,749,642 $17,749,642 0.64 $17,365,870
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,696,818 $17,696,818 0.64 $17,638,321
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,606,986 $17,606,986 0.63 $17,306,140
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,538,796 $17,538,796 0.63 $17,214,546
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,533,621 $17,533,621 0.63 $17,081,173
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,470,537 $17,470,537 0.63 $17,394,831
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,459,045 $17,459,045 0.63 $17,089,180
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,075,773 $17,075,773 0.61 $16,955,430
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,804,187 $16,804,187 0.60 $16,573,968
Morgan Stanley 6.138% 16-OCT-2026, 6.14%, 10/16/26 MS 61747YEX9 - - 16,250,000 $16,679,081 $16,679,081 0.60 $16,274,570
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,590,386 $16,590,386 0.60 $16,478,364
DBS Group Holdings Ltd 5.479% 12-SEP-2025, 5.48%, 09/12/25 DBSSP 24023KAJ7 - - 15,800,000 $16,232,841 $16,232,841 0.58 $15,800,000
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $16,227,877 $16,227,877 0.58 $16,169,400
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $16,182,436 $16,182,436 0.58 $15,846,629
NOW Trust 2025-1 A 4.7124% 14-FEB-2034, 4.71%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 24,151,719 $16,148,026 $16,148,026 0.58 $16,087,906
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,523,792 $15,523,792 0.56 $15,287,142
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,484,440 $15,484,440 0.56 $15,172,252
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,310,202 $15,310,202 0.55 $15,010,720
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,267,876 $15,267,876 0.55 $15,101,793
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $15,166,192 $15,166,192 0.55 $14,750,805
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,151,615 $15,151,615 0.55 $15,129,040
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $15,019,818 $15,019,818 0.54 $14,877,739
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.84839% 25-OCT-2041, 5.85%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 14,823,819 $14,924,465 $14,924,465 0.54 $14,881,117
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,827,146 $14,827,146 0.53 $14,731,851
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,789,986 $14,789,986 0.53 $14,500,933
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,711,459 $14,711,459 0.53 $14,450,680
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,544,634 $14,544,634 0.52 $14,245,673
BAE Systems Plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,407,422 $14,407,422 0.52 $14,086,604
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,357,465 $14,357,465 0.52 $14,004,429
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,282,121 $14,282,121 0.51 $14,282,121
RAF ABS Series 2025-1 A 4.62% 09-DEC-2031, 4.51%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 21,030,000 $14,036,390 $14,036,390 0.51 $13,998,412
Newcastle Greater Mutual Group Ltd FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,953,732 $13,953,732 0.50 $13,892,914
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $13,939,038 $13,939,038 0.50 $13,710,912
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.38%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $13,838,333 $13,838,333 0.50 $13,838,333
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,822,798 $13,822,798 0.50 $13,729,441
Wells Fargo & Company FRN 15-SEP-2029, 5.30%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,815,992 $13,815,992 0.50 $13,815,992
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,699,841 $13,699,841 0.49 $13,444,641
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,664,722 $13,664,722 0.49 $13,644,521
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,660,194 $13,660,194 0.49 $13,522,226
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,632,829 $13,632,829 0.49 $13,311,835
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,246,042 $13,246,042 0.48 $12,981,243
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,214,175 $13,214,175 0.48 $12,984,623
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,156,409 $13,156,409 0.47 $12,896,628
Permanent TSB Group Holdings Plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,153,971 $13,153,971 0.47 $12,994,871
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $13,150,735 $13,150,735 0.47 $12,908,196
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $13,087,849 $13,087,849 0.47 $12,733,861
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,068,072 $13,068,072 0.47 $13,036,769
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,053,169 $13,053,169 0.47 $13,023,211
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,052,048 $13,052,048 0.47 $12,936,510
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $12,993,654 $12,993,654 0.47 $12,973,618
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $12,953,222 $12,953,222 0.47 $12,870,062
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,858,633 $12,858,633 0.46 $12,820,404
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $12,299,444 $12,299,444 0.44 $11,999,696
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,282,411 $12,282,411 0.44 $12,214,247
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,262,619 $12,262,619 0.44 $12,172,371
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,199,298 $12,199,298 0.44 $12,123,079
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $12,124,471 $12,124,471 0.44 $11,853,112
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $12,099,869 $12,099,869 0.44 $11,895,592
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $12,006,554 $12,006,554 0.43 $11,776,053
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $11,955,660 $11,955,660 0.43 $11,888,210
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,831,084 $11,831,084 0.43 $11,608,469
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,542,775 $11,811,843 $11,811,843 0.43 $11,730,666
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,694,312 $11,694,312 0.42 $11,642,151
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,682,498 $11,682,498 0.42 $11,618,813
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,632,793 $11,632,793 0.42 $11,612,544
Kiwibank Limited FRN 23-SEP-2025, 4.82%, 09/23/25 KIWI Q5S26ZAL7 - - 17,230,000 $11,578,951 $11,578,951 0.42 $11,456,501
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,524,304 $11,524,304 0.41 $11,497,415
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,484,892 $11,484,892 0.41 $11,319,919
NRTH 2024-PARK Mortgage Trust A 6.0044% 15-MAR-2039, 6.00%, 03/15/41 NRTH 2024-PARK 67021HAA4 - - 11,400,000 $11,445,221 $11,445,221 0.41 $11,391,982
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,201,160 $11,201,160 0.40 $11,102,847
Plenti PL & Green ABS Trust 2024-2 A1 4.7775% 11-APR-2036, 4.73%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 15,913,003 $11,140,218 $11,140,218 0.40 $10,596,740
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $11,116,101 $11,116,101 0.40 $11,083,626
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.96%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,952,534 $10,952,534 0.39 $10,834,328
Connecticut Avenue Securities Trust 2024-R06 1M2 5.94839% 25-SEP-2044, 5.95%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,736,824 $10,736,824 0.39 $10,705,081
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.54839% 25-MAY-2045, 5.55%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 10,554,061 $10,590,582 $10,590,582 0.38 $10,561,303
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,580,778 $10,580,778 0.38 $10,492,609
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 10,406,593 $10,531,176 $10,531,176 0.38 $10,496,567
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,510,208 $10,510,208 0.38 $10,307,557
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 10,403,671 $10,481,379 $10,481,379 0.38 $10,457,306
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,439,744 $10,439,744 0.38 $10,189,150
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,360,035 $10,360,035 0.37 $10,228,345
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,293,358 $10,293,358 0.37 $10,207,418
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,199,324 $10,199,324 0.37 $10,085,736
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,064,874 $10,064,874 0.36 $9,847,307
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,913,542 $9,913,542 0.36 $9,757,020
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,790,020 $9,865,240 $9,865,240 0.35 $9,805,322
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,782,636 $9,782,636 0.35 $9,632,581
Westpac Banking Corporation FRN 10-JUL-2034, 5.79%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,745,418 $9,745,418 0.35 $9,648,911
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,742,692 $9,742,692 0.35 $9,713,713
Domino's Pizza Master Issuer Series 2021-1 2021-A2I 2.662% 25-APR-2051, 2.66%, 04/25/51 DPABS 2021-1A 25755TAN0 - - 10,198,608 $9,691,717 $9,691,717 0.35 $9,656,273
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,521,354 $9,521,354 0.34 $9,430,563
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 9,415,657 $9,446,442 $9,446,442 0.34 $9,420,557
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.59839% 25-MAR-2044, 5.60%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 9,258,930 $9,291,201 $9,291,201 0.33 $9,265,284
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,256,102 $9,256,102 0.33 $9,179,864
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,181,433 $9,181,433 0.33 $9,083,271
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,175,049 $9,175,049 0.33 $8,996,022
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $9,173,547 $9,173,547 0.33 $8,979,626
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $9,122,364 $9,122,364 0.33 $9,088,608
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 8,944,778 $9,091,664 $9,091,664 0.33 $9,058,030
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,962,551 $8,962,551 0.32 $8,796,095
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 8,783,057 $8,834,902 $8,834,902 0.32 $8,808,296
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.00%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 12,189,916 $8,664,197 $8,664,197 0.31 $8,142,858
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,640,982 $8,640,982 0.31 $8,560,093
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,617,660 $8,617,660 0.31 $8,591,156
Connecticut Avenue Securities Trust 2024-R01 1M1 5.39839% 25-JAN-2044, 5.40%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 8,436,354 $8,453,836 $8,453,836 0.30 $8,431,064
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,365,823 $8,365,823 0.30 $8,208,239
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,365,224 $8,365,224 0.30 $8,328,362
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,274,881 $8,274,881 0.30 $8,068,263
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,261,493 $8,261,493 0.30 $8,250,477
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,245,036 $8,245,036 0.30 $8,225,663
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,232,386 $8,232,386 0.30 $8,057,720
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,071,824 $8,071,824 0.29 $8,001,383
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,055,105 $8,055,105 0.29 $8,054,113
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,986,214 $7,986,214 0.29 $7,814,654
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,940,676 $7,940,676 0.29 $7,918,176
Westpac Banking Corporation FRN 29-JAN-2031, 5.44%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,923,362 $7,923,362 0.29 $7,870,720
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,812,980 $7,812,980 0.28 $7,721,792
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,801,558 $7,801,558 0.28 $7,797,556
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,658,056 $7,658,056 0.28 $7,609,175
Connecticut Avenue Securities Trust 2025-R03 2M1 5.94839% 25-MAR-2045, 5.95%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,595,851 $7,648,506 $7,648,506 0.28 $7,625,914
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,546,450 $7,546,450 0.27 $7,453,523
Cargill, Incorporated 4.875% 10-OCT-2025, 4.88%, 10/10/25 CARGIL 141781BY9 - - 7,375,000 $7,528,615 $7,528,615 0.27 $7,376,813
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.55%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,486,265 $7,522,122 $7,522,122 0.27 $7,501,354
Metro Finance 2024-1 Trust|4.815|09/17/2030, 4.82%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 11,185,550 $7,496,802 $7,496,802 0.27 $7,472,276
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,418,817 $7,418,817 0.27 $7,386,870
RESIMAC Bastille Trust 2024-1NC A2 4.9175% 13-SEP-2055, 4.92%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 11,000,574 $7,386,304 $7,386,304 0.27 $7,356,743
Taco Bell Funding Series 2016-1 A2III 4.97% 25-MAY-2046, 4.97%, 05/25/46 BELL 2016-1A 87342RAC8 - - 7,261,763 $7,281,643 $7,281,643 0.26 $7,264,600
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,253,701 $7,253,701 0.26 $7,123,501
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,196,208 $7,196,208 0.26 $7,087,708
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.39839% 25-JAN-2045, 5.40%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 7,127,166 $7,146,403 $7,146,403 0.26 $7,127,165
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $7,100,172 $7,100,172 0.26 $6,938,269
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.54839% 25-AUG-2044, 5.55%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 7,066,361 $7,089,049 $7,089,049 0.26 $7,069,445
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $7,056,356 $7,056,356 0.25 $6,902,750
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,018,785 $7,018,785 0.25 $7,001,114
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,961,523 $6,961,523 0.25 $6,950,398
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,917,695 $6,917,695 0.25 $6,878,266
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,861,679 $6,861,679 0.25 $6,828,602
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,819,012 $6,819,012 0.25 $6,685,719
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 5.17%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,816,322 $6,816,322 0.25 $6,815,348
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,783,749 $6,783,749 0.24 $6,663,039
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,778,067 $6,778,067 0.24 $6,636,357
Plenti PL & Green ABS Trust 2025-1 A1G 4.7975% 11-NOV-2036, 4.80%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 9,323,371 $6,677,751 $6,677,751 0.24 $6,212,413
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,636,763 $6,636,763 0.24 $6,619,544
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,500,000 $6,571,280 $6,571,280 0.24 $6,547,076
Westpac Banking Corporation FRN 03-APR-2034, 6.01%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,526,686 $6,526,686 0.23 $6,452,875
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,517,506 $6,517,506 0.23 $6,363,229
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,503,165 $6,503,165 0.23 $6,502,398
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,491,198 $6,491,198 0.23 $6,441,716
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,474,118 $6,474,118 0.23 $6,435,289
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,409,310 $6,409,310 0.23 $6,345,629
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,404,101 $6,404,101 0.23 $6,378,979
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,289,141 $6,289,141 0.23 $6,247,112
Connecticut Avenue Securities Trust 2025-R01 1M2 5.84839% 25-JAN-2045, 5.85%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,225,515 $6,225,515 0.22 $6,207,366
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 5,790,000 $6,032,336 $6,032,336 0.22 $6,022,783
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,987,375 $5,987,375 0.22 $5,920,829
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $5,930,921 $5,930,921 0.21 $5,874,515
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,894,267 $5,894,267 0.21 $5,808,477
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,887,574 $5,887,574 0.21 $5,779,274
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,881,419 $5,881,419 0.21 $5,801,387
Insurance Australia Group Limited FRN 15-DEC-2036, 6.56%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,835,411 $5,835,411 0.21 $5,744,434
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,781,537 $5,781,537 0.21 $5,741,099
Connecticut Avenue Securities, Series 2021-R01 1M2 5.89839% 25-OCT-2041, 5.90%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,723,387 $5,759,653 $5,759,653 0.21 $5,742,774
Plenti PL & Green ABS Trust 2025-1 A1 4.7975% 11-NOV-2036, 4.80%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 7,968,693 $5,707,479 $5,707,479 0.21 $5,309,755
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,594,379 $5,594,379 0.20 $5,563,268
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,558,300 $5,558,300 0.20 $5,522,411
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,536,503 $5,536,503 0.20 $5,419,350
MSD Investment Corp. 6.25% 31-MAY-2030, 6.25%, 05/31/30 MSINTM 55354LAA7 - - 5,250,000 $5,488,857 $5,488,857 0.20 $5,343,024
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,441,863 $5,441,863 0.20 $5,427,301
BX Commercial Mortgage Trust 2024-AIRC A 6.05424% 15-AUG-2041, 6.05%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,285,429 $5,285,429 0.19 $5,260,742
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,186,198 $5,186,198 0.19 $5,090,323
Repsol E&P Capital Markets Us LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,183,282 $5,183,282 0.19 $5,183,282
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,160,579 $5,160,579 0.19 $5,147,685
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,157,687 $5,157,687 0.19 $5,097,874
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,155,541 $5,155,541 0.19 $5,044,395
NatWest Group Plc 2.875% 19-SEP-2026, 2.88%, 09/19/26 NWG AR7574981 - - 3,690,000 $5,142,549 $5,142,549 0.19 $5,001,467
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,107,419 $5,107,419 0.18 $5,073,252
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,039,792 $5,039,792 0.18 $5,028,010
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,130,125 $4,987,833 $4,987,833 0.18 $4,981,422
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,793,479 $4,793,479 0.17 $4,698,625
Macquarie Bank Limited FRN 17-JUN-2031, 5.66%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,720,885 $4,720,885 0.17 $4,658,237
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,687,964 $4,687,964 0.17 $4,636,283
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 4,684,660 $4,682,769 $4,682,769 0.17 $4,667,194
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,612,649 $4,612,649 0.17 $4,572,015
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,554,261 $4,554,261 0.16 $4,509,378
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,533,469 $4,533,469 0.16 $4,469,866
Liberty Series 2024-1 Auto A 4.7575% 25-MAY-2032, 4.76%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,730,611 $4,504,273 $4,504,273 0.16 $4,493,774
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,433,992 $4,433,992 0.16 $4,402,752
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,111,966 $4,111,966 0.15 $4,096,436
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,103,260 $4,103,260 0.15 $4,010,303
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.79839% 25-OCT-2044, 5.80%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,063,668 $4,063,668 0.15 $4,051,926
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,719,813 $3,719,813 0.13 $3,660,015
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,719,021 $3,719,021 0.13 $3,636,159
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.44839% 25-DEC-2031, 5.45%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,662,383 $3,677,525 $3,677,525 0.13 $3,667,548
Lloyds Banking Group Plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,674,116 $3,674,116 0.13 $3,653,168
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.91%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,575,082 $3,575,082 0.13 $3,511,530
Lloyds Banking Group Plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,526,856 $3,526,856 0.13 $3,523,770
Connecticut Avenue Securities Trust 2025-R01 1M1 5.44839% 25-JAN-2045, 5.45%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,455,625 $3,465,252 $3,465,252 0.12 $3,455,836
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,324,041 $3,324,041 0.12 $3,248,459
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,300,555 $3,300,555 0.12 $3,274,905
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.69839% 25-FEB-2044, 5.70%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 3,251,961 $3,268,621 $3,268,621 0.12 $3,259,356
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA3 M1A 6.64839% 25-AUG-2042, 6.65%, 08/25/42 STACR 2022-HQA3 35564KE39 - - 3,110,499 $3,175,273 $3,175,273 0.11 $3,164,933
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 3,112,777 $3,156,380 $3,156,380 0.11 $3,144,915
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.34839% 25-JUN-2043, 6.35%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 3,108,568 $3,129,763 $3,129,763 0.11 $3,119,896
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,106,374 $3,106,374 0.11 $3,075,061
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,094,490 $3,094,490 0.11 $3,088,877
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,085,083 $3,085,083 0.11 $3,069,079
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.55%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,995,847 $3,008,526 $3,008,526 0.11 $3,000,215
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,956,773 $2,956,773 0.11 $2,920,339
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,944,971 $2,944,971 0.11 $2,904,370
Homeward Opportunities Fund Trust 2025-RRTL2|5.237|09/25/2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,903,794 $2,903,794 0.10 $2,902,532
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,825,003 $2,888,036 $2,888,036 0.10 $2,875,690
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,825,003 $2,884,887 $2,884,887 0.10 $2,872,850
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,840,458 $2,840,458 0.10 $2,767,897
Connecticut Avenue Securities Trust 2025-R02 1M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,780,216 $2,788,901 $2,788,901 0.10 $2,781,255
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.54839% 25-MAY-2044, 5.55%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,724,479 $2,735,871 $2,735,871 0.10 $2,728,313
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,691,448 $2,691,448 0.10 $2,688,290
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,437,700 $2,437,700 0.09 $2,415,897
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,314,450 $2,345,066 $2,345,066 0.08 $2,336,438
Plenti Auto ABS Trust 2025-1 A 4.68% 12-AUG-2033, 4.68%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,499,691 $2,342,505 $2,342,505 0.08 $2,333,256
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,201,599 $2,274,516 $2,274,516 0.08 $2,254,036
Connecticut Avenue Securities Trust 2024-R02 1M1 5.44839% 25-FEB-2044, 5.45%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,235,062 $2,240,798 $2,240,798 0.08 $2,234,710
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,235,025 $2,235,025 0.08 $2,226,211
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,115,081 $2,115,081 0.08 $2,072,458
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,073,591 $2,073,591 0.07 $2,066,577
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,060,167 $2,060,167 0.07 $2,044,113
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,046,863 $2,046,863 0.07 $2,045,745
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.14839% 25-NOV-2041, 6.15%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,023,490 $2,023,490 0.07 $2,017,342
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,984,100 $1,984,100 0.07 $1,976,920
Connecticut Avenue Securities Trust 2023-R06 1M1 6.04839% 25-JUL-2043, 6.05%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,705,395 $1,719,036 $1,719,036 0.06 $1,713,878
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,711,526 $1,711,526 0.06 $1,710,866
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,568,306 $1,568,306 0.06 $1,565,818
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,565,870 $1,565,870 0.06 $1,539,324
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.19839% 25-NOV-2043, 6.20%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,544,454 $1,558,650 $1,558,650 0.06 $1,553,863
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2II 2.493% 20-NOV-2047, 2.49%, 11/20/51 DNKN 2021-1A 233046AQ4 - - 1,569,838 $1,470,924 $1,470,924 0.05 $1,468,533
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,406,833 $1,406,833 0.05 $1,389,773
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.75%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,944,042 $1,385,328 $1,385,328 0.05 $1,301,286
Lloyds Banking Group Plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,303,379 $1,303,379 0.05 $1,284,506
General Motors Financial Company, Inc. 6.05% 10-OCT-2025, 6.05%, 10/10/25 GM 37045XDZ6 - - 1,250,000 $1,283,300 $1,283,300 0.05 $1,251,369
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.34839% 25-MAY-2043, 6.35%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,261,454 $1,277,685 $1,277,685 0.05 $1,273,681
Connecticut Avenue Securities Trust 2024-R05 2M1 5.34839% 25-JUL-2044, 5.35%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,224,130 $1,226,867 $1,226,867 0.04 $1,223,594
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,212,832 $1,212,832 0.04 $1,205,092
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,126,306 $1,126,306 0.04 $1,120,824
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $1,006,891 $1,006,891 0.04 $984,398
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $937,983 $937,983 0.03 $934,270
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $863,944 $863,944 0.03 $862,802
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.34839% 25-OCT-2044, 5.35%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 734,130 $735,818 $735,818 0.03 $733,855
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $695,620 $695,620 0.03 $689,179
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $684,342 $684,342 0.02 $671,857
Australian Central Credit Union Ltd. FRN 16-SEP-2031, 6.51%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $676,687 $676,687 0.02 $666,246
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $672,681 $672,681 0.02 $666,704
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $662,209 $662,209 0.02 $661,957
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.53%, 10/14/31 BENAU BR8160425 - - 800,000 $538,345 $538,345 0.02 $533,512
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $374,044 $374,044 0.01 $370,259
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $101,229 $101,229 0.00 $99,709
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $100,434 $100,434 0.00 $100,183
Bayview Opportunity Master Fund VII Trust 2024-SN1 A2 5.67% 15-APR-2027, 5.67%, 04/15/27 BVABS 2024-SN1A 072926AB4 - - 34,913 $35,064 $35,064 0.00 $34,916
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,914,961 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - 289.00 $36,276,675 $0 0.00 $0
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - 595.00 $42,427,654 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -2,305 $-481,438,868 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,742,383 $0 0.00 $0
GLOBAL PAYMENTS INC 0% 09/12/2025, 0.00%, 09/12/25 GPN 37961CWC2 - - 80,950,000 $80,939,161 $80,939,161 2.91 $80,939,161
AUTONATION INC 0% 09/15/2025, 0.00%, 09/15/25 AUTONA 05330LWF6 - - 41,400,000 $41,383,613 $41,383,613 1.49 $41,383,613
ENTERGY CORP 0% 09/12/2025, 0.00%, 09/12/25 ETRCP 29366EWC6 - - 36,550,000 $36,545,450 $36,545,450 1.31 $36,545,450
JABIL INC 0% 09/15/2025, 0.00%, 09/15/25 JBLPP 46652LWF0 - - 29,100,000 $29,088,360 $29,088,360 1.05 $29,088,360
AUTONATION INC 0% 09/12/2025, 0.00%, 09/12/25 AUTONA 05330LWC3 - - 13,600,000 $13,598,111 $13,598,111 0.49 $13,598,111
AUSTRALIAN DOLLARS AUD - - 16,184,171 $10,760,037 $10,760,037 0.39 $10,760,037
SEGREGATED CASH SEGCASH - $0.00 6,941,925 $6,941,925 $6,941,925 0.25 $6,941,925
JABIL INC 0% 09/12/2025, 0.00%, 09/12/25 JBLPP 46652LWC7 - - 4,950,000 $4,949,297 $4,949,297 0.18 $4,949,297
NEW ZEALAND DOLLAR NZD - - 6,994,597 $4,170,526 $4,170,526 0.15 $4,170,526
BRITISH POUND GBP - - 2,175,583 $2,949,784 $2,949,784 0.11 $2,949,784
EURO EUR - - 1,101,039 $1,291,299 $1,291,299 0.05 $1,291,299
CANADIAN DOLLAR CAD - - 1,510,555 $1,091,323 $1,091,323 0.04 $1,091,323
US DOLLARS USD MD_142224 - - -101,047,047 $-101,047,047 $-101,047,047 -3.64 $-101,047,047
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.96 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.96 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $49,050,473 $49,050,473 1.76 $49,050,473
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-49,050,473 $-49,050,473 -1.76 $-49,050,473
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $44,939,332 $44,939,332 1.62 $44,939,332
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-44,939,332 $-44,939,332 -1.62 $-44,939,332
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $63,530,394 $63,530,394 2.29 $63,530,394
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-63,530,394 $-63,530,394 -2.29 $-63,530,394
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $56,047,461 $56,047,461 2.02 $56,047,461
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-56,047,461 $-56,047,461 -2.02 $-56,047,461
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $19,616,612 $19,616,612 0.71 $19,616,612
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-19,616,612 $-19,616,612 -0.71 $-19,616,612
PARENT OIS PAY FIX USD 3.4775% REC SOFRRATE 27Aug27 CME_US, 3.48%, 08/27/27 - - - 143,000,000 $143,000,000 $143,000,000 5.15 $143,000,000
PARENT OIS PAY FIX USD 3.4775% REC SOFRRATE 27Aug27 CME_US, 3.48%, 08/27/27 - - - -143,000,000 $-143,000,000 $-143,000,000 -5.15 $-143,000,000
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 21Jan26 PAYER GS_US_SW @25.95C 1, 1.00%, 01/21/26 - XXCZU6 UCAXXCZU6 $1.00 524,900,000 $-524,900,000 $636,856 0.02 $636,856
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 21Jan26 PAYER GS_US_SW @19.6C 1, 1.00%, 01/21/26 - UCAXXCZU8 $1.00 -262,450,000 $262,450,000 $-213,878 -0.01 $-213,878
FX Forward|AUD|10/10/2025 +AUDU - - -323,064,500 $-214,872,151 $-214,872,151 -7.73 $-214,872,151
FX Forward|USD|10/10/2025 +AUDU - - 210,783,433 $210,783,433 $210,783,433 7.58 $210,783,433
FX Forward|EUR|10/10/2025 +EUR1 - - -12,260,000 $-14,402,362 $-14,402,362 -0.52 $-14,402,362
FX Forward|USD|10/10/2025 +EUR1 - - 14,423,657 $14,423,657 $14,423,657 0.52 $14,423,657
FX Forward|NZD|10/10/2025 +NZD2 - - -2,180,000 $-1,300,988 $-1,300,988 -0.05 $-1,300,988
FX Forward|USD|10/10/2025 +NZD2 - - 1,308,286 $1,308,286 $1,308,286 0.05 $1,308,286
FX Forward|CAD|10/10/2025 +CADU - - -70,172,000 $-50,762,483 $-50,762,483 -1.83 $-50,762,483
FX Forward|USD|10/10/2025 +CADU - - 51,513,917 $51,513,917 $51,513,917 1.85 $51,513,917
FX Forward|AUD|10/10/2025 +AUD1 - - -323,284,000 $-215,018,142 $-215,018,142 -7.74 $-215,018,142
FX Forward|USD|10/10/2025 +AUD1 - - 210,883,972 $210,883,972 $210,883,972 7.59 $210,883,972
FX Forward|GBP|10/10/2025 +GBPU - - -11,241,000 $-15,243,606 $-15,243,606 -0.55 $-15,243,606
FX Forward|USD|10/10/2025 +GBPU - - 15,236,389 $15,236,389 $15,236,389 0.55 $15,236,389
FX Forward|CAD|10/10/2025 +CADU - - -12,650,000 $-9,151,021 $-9,151,021 -0.33 $-9,151,021
FX Forward|USD|10/10/2025 +CADU - - 9,161,221 $9,161,221 $9,161,221 0.33 $9,161,221
FX Forward|AUD|10/10/2025 +AUDU - - -10,000,000 $-6,651,060 $-6,651,060 -0.24 $-6,651,060
FX Forward|USD|10/10/2025 +AUDU - - 6,520,698 $6,520,698 $6,520,698 0.23 $6,520,698
FX Forward|AUD|10/10/2025 +AUD1 - - 17,000,000 $11,306,803 $11,306,803 0.41 $11,306,803
FX Forward|USD|10/10/2025 +AUD1 - - -11,053,884 $-11,053,884 $-11,053,884 -0.40 $-11,053,884
FX Forward|CAD|10/10/2025 +CADU - - -16,000,000 $-11,574,413 $-11,574,413 -0.42 $-11,574,413
FX Forward|USD|10/10/2025 +CADU - - 11,617,459 $11,617,459 $11,617,459 0.42 $11,617,459
FX Forward|AUD|10/10/2025 +AUDU - - -13,800,000 $-9,178,463 $-9,178,463 -0.33 $-9,178,463
FX Forward|USD|10/10/2025 +AUDU - - 9,013,027 $9,013,027 $9,013,027 0.32 $9,013,027
FX Forward|AUD|10/10/2025 - - - 8,000,000 $5,320,848 $5,320,848 0.19 $5,320,848
FX Forward|USD|10/10/2025 - - - -5,300,299 $-5,300,299 $-5,300,299 -0.19 $-5,300,299
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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