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 3, 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 $44,316,350 $44,316,350 1.62 $44,016,410
Citigroup Inc. 5.61% 29-SEP-2026, 5.61%, 09/29/26 C 172967NX5 - - 35,000,000 $35,871,902 $35,871,902 1.31 $35,026,506
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,546,227 $34,546,227 1.26 $33,728,324
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,592,952 $27,592,952 1.01 $27,472,200
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,310,751 $26,310,751 0.97 $26,099,489
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $26,136,626 $26,136,626 0.96 $25,693,546
Bank Australia Limited FRN 21-FEB-2028, 5.84%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,453,344 $25,453,344 0.93 $25,397,297
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,269,887 $25,269,887 0.92 $25,133,202
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,788,988 $23,788,988 0.86 $23,681,020
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,451,737 $23,451,737 0.85 $23,127,472
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 $23,406,446 $23,406,446 0.85 $23,377,731
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,259,252 $23,259,252 0.84 $23,086,260
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,248,837 $23,248,837 0.84 $22,946,633
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 22,400,000 $22,862,910 $22,862,910 0.83 $22,832,390
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,793,868 $22,793,868 0.83 $22,790,647
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,028,720 $22,028,720 0.80 $21,871,707
BX Trust 2025-ROIC A 5.50693% 15-FEB-2042, 5.51%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,945,355 $20,945,355 0.76 $20,881,536
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,735,786 $20,735,786 0.75 $20,247,241
Toyota Motor Credit Corp|5.083373|09/05/2028, 5.08%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,609,270 $20,609,270 0.75 $20,609,270
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,547,325 $20,547,325 0.75 $20,238,741
Amgen Inc. 5.507% 02-MAR-2026, 5.51%, 03/02/26 AMGN 031162DN7 - - 20,025,000 $20,034,317 $20,034,317 0.73 $20,028,190
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $19,889,344 $19,889,344 0.72 $19,725,163
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,787,415 $19,787,415 0.72 $19,418,515
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,596,534 $19,596,534 0.71 $19,202,296
NOW Trust 2024-1 A 4.9624% 14-JUN-2032, 4.96%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 29,197,963 $19,276,370 $19,276,370 0.70 $19,221,818
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,201,143 $19,201,143 0.70 $19,194,799
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,935,789 $18,935,789 0.69 $18,798,079
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,709,295 $17,709,295 0.64 $17,642,755
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,704,092 $17,704,092 0.64 $17,343,756
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,655,851 $17,655,851 0.64 $17,617,701
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,576,545 $17,576,545 0.64 $17,297,188
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,497,964 $17,497,964 0.64 $17,065,966
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,486,113 $17,486,113 0.63 $17,180,525
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,442,547 $17,442,547 0.63 $17,381,261
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,433,582 $17,433,582 0.63 $17,080,434
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,016,788 $17,016,788 0.62 $16,906,073
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,835,751 $16,835,751 0.61 $16,615,816
Morgan Stanley 6.138% 16-OCT-2026, 6.14%, 10/16/26 MS 61747YEX9 - - 16,250,000 $16,660,330 $16,660,330 0.60 $16,277,984
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,522,076 $16,522,076 0.60 $16,427,289
DBS Group Holdings Ltd 5.479% 12-SEP-2025, 5.48%, 09/12/25 DBSSP 24023KAJ7 - - 15,800,000 $16,206,848 $16,206,848 0.59 $15,793,244
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $16,145,623 $16,145,623 0.59 $15,829,004
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $15,957,237 $15,957,237 0.58 $15,918,098
NOW Trust 2025-1 A 4.7124% 14-FEB-2034, 4.71%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 24,151,719 $15,877,578 $15,877,578 0.58 $15,834,727
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,492,885 $15,492,885 0.56 $15,271,502
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,440,976 $15,440,976 0.56 $15,144,205
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,258,709 $15,258,709 0.55 $14,973,404
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,234,133 $15,234,133 0.55 $15,083,322
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $15,148,128 $15,148,128 0.55 $14,751,202
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,126,628 $15,126,628 0.55 $15,122,113
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $14,993,328 $14,993,328 0.54 $14,857,857
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 $14,900,389 $14,900,389 0.54 $14,876,307
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,795,715 $14,795,715 0.54 $14,716,303
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,725,910 $14,725,910 0.53 $14,451,776
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,654,366 $14,654,366 0.53 $14,408,490
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,531,286 $14,531,286 0.53 $14,253,872
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,377,634 $14,377,634 0.52 $14,072,277
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,344,026 $14,344,026 0.52 $14,014,140
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $13,906,981 $13,906,981 0.50 $13,696,925
RAF ABS Series 2025-1 A 4.62% 09-DEC-2031, 4.51%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 21,030,000 $13,788,549 $13,788,549 0.50 $13,764,761
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,781,652 $13,781,652 0.50 $13,703,233
Newcastle Greater Mutual Group Ltd FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,702,799 $13,702,799 0.50 $13,659,451
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,664,645 $13,664,645 0.50 $13,427,045
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,632,574 $13,632,574 0.49 $13,628,534
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,594,772 $13,594,772 0.49 $13,289,728
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,563,788 $13,563,788 0.49 $13,438,507
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,206,936 $13,206,936 0.48 $12,958,559
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,164,776 $13,164,776 0.48 $12,948,629
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,119,694 $13,119,694 0.48 $12,876,948
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $13,107,954 $13,107,954 0.48 $12,879,374
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,057,779 $13,057,779 0.47 $12,916,660
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $13,057,297 $13,057,297 0.47 $12,719,870
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,054,766 $13,054,766 0.47 $13,030,515
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,038,505 $13,038,505 0.47 $13,016,476
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,014,848 $13,014,848 0.47 $12,913,105
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $12,973,452 $12,973,452 0.47 $12,967,987
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $12,926,034 $12,926,034 0.47 $12,859,100
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,640,164 $12,640,164 0.46 $12,619,259
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,271,342 $12,271,342 0.45 $12,217,161
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $12,266,052 $12,266,052 0.45 $11,979,852
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,218,565 $12,218,565 0.44 $12,140,766
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,163,054 $12,163,054 0.44 $12,098,791
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $12,077,874 $12,077,874 0.44 $11,818,643
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $11,973,554 $11,973,554 0.43 $11,757,923
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $11,926,519 $11,926,519 0.43 $11,868,535
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,870,820 $11,870,820 0.43 $11,683,386
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,542,775 $11,801,239 $11,801,239 0.43 $11,735,525
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,798,901 $11,798,901 0.43 $11,590,648
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,680,707 $11,680,707 0.42 $11,628,962
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,656,308 $11,656,308 0.42 $11,619,602
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,508,447 $11,508,447 0.42 $11,487,219
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,489,295 $11,489,295 0.42 $11,336,573
NRTH 2024-PARK Mortgage Trust A 6.0044% 15-MAR-2039, 6.00%, 03/15/41 NRTH 2024-PARK 67021HAA4 - - 11,400,000 $11,433,065 $11,433,065 0.42 $11,395,037
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,427,036 $11,427,036 0.41 $11,421,569
Kiwibank Limited FRN 23-SEP-2025, 4.82%, 09/23/25 KIWI Q5S26ZAL7 - - 17,230,000 $11,386,282 $11,386,282 0.41 $11,277,660
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,177,346 $11,177,346 0.41 $11,091,133
Plenti PL & Green ABS Trust 2024-2 A1 4.7775% 11-APR-2036, 4.78%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 16,660,784 $10,953,681 $10,953,681 0.40 $10,919,431
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,917,570 $10,917,570 0.40 $10,897,783
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.96%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,765,504 $10,765,504 0.39 $10,660,647
Connecticut Avenue Securities Trust 2024-R06 1M2 5.94839% 25-SEP-2044, 5.95%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,712,153 $10,712,153 0.39 $10,694,518
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,591,294 $10,591,294 0.38 $10,510,174
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 $10,585,703 $10,585,703 0.38 $10,569,437
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 $10,512,656 $10,512,656 0.38 $10,490,633
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,476,387 $10,476,387 0.38 $10,284,196
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 10,403,671 $10,459,712 $10,459,712 0.38 $10,446,967
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,424,933 $10,424,933 0.38 $10,186,714
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,335,954 $10,335,954 0.38 $10,216,374
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,274,190 $10,274,190 0.37 $10,200,527
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,189,668 $10,189,668 0.37 $10,087,882
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,045,308 $10,045,308 0.36 $9,841,665
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,891,551 $9,891,551 0.36 $9,743,005
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,790,020 $9,826,017 $9,826,017 0.36 $9,777,512
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,747,848 $9,747,848 0.35 $9,607,553
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,729,253 $9,729,253 0.35 $9,712,476
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 $9,656,816 $9,656,816 0.35 $9,627,405
Westpac Banking Corporation FRN 10-JUL-2034, 5.79%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,568,381 $9,568,381 0.35 $9,485,265
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,495,057 $9,495,057 0.34 $9,414,495
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 $9,434,741 $9,434,741 0.34 $9,420,360
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 $9,283,609 $9,283,609 0.34 $9,269,211
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,231,263 $9,231,263 0.34 $9,165,726
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $9,195,155 $9,195,155 0.33 $9,010,070
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,142,128 $9,142,128 0.33 $8,971,678
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 $9,074,993 $9,074,993 0.33 $9,053,590
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,004,318 $9,004,318 0.33 $8,915,751
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $8,971,527 $8,971,527 0.33 $8,947,795
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,944,155 $8,944,155 0.32 $8,786,758
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 $8,824,557 $8,824,557 0.32 $8,807,626
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,626,575 $8,626,575 0.31 $8,557,039
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,579,002 $8,579,002 0.31 $8,560,351
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.05%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 12,917,017 $8,516,237 $8,516,237 0.31 $8,488,183
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 $8,445,475 $8,445,475 0.31 $8,432,824
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,330,776 $8,330,776 0.30 $8,181,768
Commonwealth Bank of Australia FRN 10-SEP-2030, 5.91%, 09/10/30 CBAAU AU3FN0055992 - - 12,500,000 $8,295,119 $8,295,119 0.30 $8,181,213
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,254,202 $8,254,202 0.30 $8,060,012
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,216,223 $8,216,223 0.30 $8,051,538
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,216,080 $8,216,080 0.30 $8,189,161
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,210,743 $8,210,743 0.30 $8,200,487
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,104,924 $8,104,924 0.29 $8,103,719
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,054,384 $8,054,384 0.29 $7,993,334
Volkswagen Group of America Finance LLC|4.45|09/11/2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,032,586 $8,032,586 0.29 $8,032,586
LSEG US FIN Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,967,021 $7,967,021 0.29 $7,803,830
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,921,099 $7,921,099 0.29 $7,905,265
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,802,367 $7,802,367 0.28 $7,720,778
Westpac Banking Corporation FRN 29-JAN-2031, 5.44%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,790,224 $7,790,224 0.28 $7,747,621
F&G Global Funding|4.65|09/08/2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,756,762 $7,756,762 0.28 $7,756,762
Connecticut Avenue Securities Trust 2025-R03 2M1 5.94839% 25-MAR-2045, 5.95%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,595,851 $7,643,424 $7,643,424 0.28 $7,630,873
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,631,058 $7,631,058 0.28 $7,590,323
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,532,583 $7,532,583 0.27 $7,447,737
Cargill, Incorporated 4.875% 10-OCT-2025, 4.88%, 10/10/25 CARGIL 141781BY9 - - 7,375,000 $7,520,590 $7,520,590 0.27 $7,376,777
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.55%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,486,265 $7,514,205 $7,514,205 0.27 $7,502,667
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,393,176 $7,393,176 0.27 $7,370,695
Metro Finance 2024-1 Trust|4.815|09/17/2030, 4.82%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 11,185,550 $7,367,127 $7,367,127 0.27 $7,350,712
Taco Bell Funding Series 2016-1 A2III 4.97% 25-MAY-2046, 4.97%, 05/25/46 BELL 2016-1A 87342RAC8 - - 7,261,763 $7,274,686 $7,274,686 0.26 $7,265,663
RESIMAC Bastille Trust 2024-1NC A2 4.9175% 13-SEP-2055, 4.92%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 11,000,574 $7,262,103 $7,262,103 0.26 $7,240,766
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,237,874 $7,237,874 0.26 $7,116,074
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,172,172 $7,172,172 0.26 $7,070,672
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 $7,137,851 $7,137,851 0.26 $7,127,163
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 $7,080,330 $7,080,330 0.26 $7,069,439
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $7,074,844 $7,074,844 0.26 $6,920,696
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $7,026,441 $7,026,441 0.26 $6,880,021
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,957,951 $6,957,951 0.25 $6,924,576
Sumitomo Mitsui Trust Bank Ltd|5.113373|09/11/2028, 5.11%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,812,784 $6,812,784 0.25 $6,812,784
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,803,526 $6,803,526 0.25 $6,678,374
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,794,866 $6,794,866 0.25 $6,765,176
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,756,490 $6,756,490 0.25 $6,643,506
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,755,219 $6,755,219 0.25 $6,620,639
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,731,090 $6,731,090 0.24 $6,706,934
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,623,676 $6,623,676 0.24 $6,613,707
Plenti PL & Green ABS Trust 2025-1 A1G 4.7975% 11-NOV-2036, 4.80%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 9,981,390 $6,566,391 $6,566,391 0.24 $6,545,787
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,500,000 $6,545,438 $6,545,438 0.24 $6,528,405
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,504,162 $6,504,162 0.24 $6,357,060
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,487,481 $6,487,481 0.24 $6,442,550
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,481,823 $6,481,823 0.24 $6,446,353
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,409,334 $6,409,334 0.23 $6,352,729
Westpac Banking Corporation FRN 03-APR-2034, 6.01%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,409,133 $6,409,133 0.23 $6,344,669
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,333,769 $6,333,769 0.23 $6,315,991
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,251,940 $6,251,940 0.23 $6,217,553
Connecticut Avenue Securities Trust 2025-R01 1M2 5.84839% 25-JAN-2045, 5.85%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,226,876 $6,226,876 0.23 $6,216,794
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 5,790,000 $6,039,786 $6,039,786 0.22 $6,037,181
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,978,302 $5,978,302 0.22 $5,916,467
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $5,880,680 $5,880,680 0.21 $5,832,191
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,878,771 $5,878,771 0.21 $5,797,217
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,865,793 $5,865,793 0.21 $5,792,954
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,862,452 $5,862,452 0.21 $5,758,965
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,761,745 $5,761,745 0.21 $5,727,085
Connecticut Avenue Securities, Series 2021-R01 1M2 5.89839% 25-OCT-2041, 5.90%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,723,387 $5,750,444 $5,750,444 0.21 $5,741,066
Insurance Australia Group Limited FRN 15-DEC-2036, 6.56%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,737,036 $5,737,036 0.21 $5,655,538
Plenti PL & Green ABS Trust 2025-1 A1 4.7975% 11-NOV-2036, 4.80%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 8,531,103 $5,612,300 $5,612,300 0.20 $5,594,689
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,585,235 $5,585,235 0.20 $5,556,613
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,533,885 $5,533,885 0.20 $5,504,238
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,528,947 $5,528,947 0.20 $5,418,537
MSD Investment Corp. 6.25% 31-MAY-2030, 6.25%, 05/31/30 MSINTM 55354LAA7 - - 5,250,000 $5,459,809 $5,459,809 0.20 $5,321,267
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,351,632 $5,351,632 0.19 $5,343,324
BX Commercial Mortgage Trust 2024-AIRC A 6.05424% 15-AUG-2041, 6.05%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,277,726 $5,277,726 0.19 $5,260,092
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,175,216 $5,175,216 0.19 $5,085,897
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,146,521 $5,146,521 0.19 $5,138,315
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,143,925 $5,143,925 0.19 $5,038,168
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,134,900 $5,134,900 0.19 $5,080,588
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,093,918 $5,093,918 0.18 $5,066,418
NatWest Group Plc 2.875% 19-SEP-2026, 2.88%, 09/19/26 NWG AR7574981 - - 3,690,000 $5,089,608 $5,089,608 0.18 $4,952,958
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,035,208 $5,035,208 0.18 $5,028,970
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 $4,974,870 $4,974,870 0.18 $4,970,790
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,777,151 $4,777,151 0.17 $4,687,193
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,675,510 $4,675,510 0.17 $4,628,581
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 $4,670,684 $4,670,684 0.17 $4,659,724
Macquarie Bank Limited FRN 17-JUN-2031, 5.66%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,638,679 $4,638,679 0.17 $4,582,686
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,594,972 $4,594,972 0.17 $4,559,339
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,545,673 $4,545,673 0.17 $4,487,155
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,462,988 $4,462,988 0.16 $4,424,332
Liberty Series 2024-1 Auto A 4.7575% 25-MAY-2032, 4.76%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,730,611 $4,426,991 $4,426,991 0.16 $4,421,250
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,416,613 $4,416,613 0.16 $4,389,836
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,103,896 $4,103,896 0.15 $4,092,803
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,098,759 $4,098,759 0.15 $4,011,436
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 $4,057,734 $4,057,734 0.15 $4,051,211
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,708,655 $3,708,655 0.13 $3,652,401
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,707,921 $3,707,921 0.13 $3,629,076
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 $3,673,204 $3,673,204 0.13 $3,667,661
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,666,295 $3,666,295 0.13 $3,650,136
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,513,728 $3,513,728 0.13 $3,468,176
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.91%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,512,479 $3,512,479 0.13 $3,455,612
Connecticut Avenue Securities Trust 2025-R01 1M1 5.44839% 25-JAN-2045, 5.45%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,455,625 $3,461,707 $3,461,707 0.13 $3,456,476
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,317,279 $3,317,279 0.12 $3,245,573
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,292,336 $3,292,336 0.12 $3,270,286
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 $3,265,912 $3,265,912 0.12 $3,260,764
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 $3,171,324 $3,171,324 0.12 $3,165,580
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 3,112,777 $3,148,970 $3,148,970 0.11 $3,140,902
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 $3,126,835 $3,126,835 0.11 $3,121,353
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,095,405 $3,095,405 0.11 $3,067,263
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,078,078 $3,078,078 0.11 $3,064,585
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,035,361 $3,035,361 0.11 $3,033,846
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.55%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,995,847 $3,004,832 $3,004,832 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 $2,935,654 $2,935,654 0.11 $2,902,691
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,935,621 $2,935,621 0.11 $2,898,204
Homeward Opportunities Fund Trust 2025-RRTL2|5.237|09/25/2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,898,311 $2,898,311 0.11 $2,897,049
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 $2,878,296 $2,878,296 0.10 $2,869,826
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 $2,875,368 $2,875,368 0.10 $2,866,681
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,835,478 $2,835,478 0.10 $2,766,522
Connecticut Avenue Securities Trust 2025-R02 1M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,780,216 $2,786,537 $2,786,537 0.10 $2,782,289
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 $2,736,535 $2,736,535 0.10 $2,732,336
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,678,023 $2,678,023 0.10 $2,676,350
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,391,076 $2,391,076 0.09 $2,370,760
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 $2,339,622 $2,339,622 0.08 $2,333,551
Plenti Auto ABS Trust 2025-1 A 4.68% 12-AUG-2033, 4.68%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,499,691 $2,301,931 $2,301,931 0.08 $2,295,177
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,201,599 $2,266,710 $2,266,710 0.08 $2,249,105
Connecticut Avenue Securities Trust 2024-R02 1M1 5.44839% 25-FEB-2044, 5.45%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,235,062 $2,238,398 $2,238,398 0.08 $2,235,016
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,197,191 $2,197,191 0.08 $2,190,829
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,078,731 $2,078,731 0.08 $2,038,986
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,055,940 $2,055,940 0.07 $2,040,651
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,038,221 $2,038,221 0.07 $2,033,363
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 $2,020,449 $2,020,449 0.07 $2,017,034
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,008,660 $2,008,660 0.07 $2,008,538
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,978,629 $1,978,629 0.07 $1,973,659
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,747,518 $1,747,518 0.06 $1,708,977
Connecticut Avenue Securities Trust 2023-R06 1M1 6.04839% 25-JUL-2043, 6.05%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,705,395 $1,717,142 $1,717,142 0.06 $1,714,277
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 $1,556,645 $1,556,645 0.06 $1,553,986
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,542,258 $1,542,258 0.06 $1,541,590
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,530,343 $1,530,343 0.06 $1,506,168
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 $1,465,376 $1,465,376 0.05 $1,463,854
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,379,136 $1,379,136 0.05 $1,363,112
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.80%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 2,060,000 $1,361,316 $1,361,316 0.05 $1,356,177
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,299,091 $1,299,091 0.05 $1,281,643
General Motors Financial Company, Inc. 6.05% 10-OCT-2025, 6.05%, 10/10/25 GM 37045XDZ6 - - 1,250,000 $1,281,859 $1,281,859 0.05 $1,251,609
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 $1,276,029 $1,276,029 0.05 $1,273,805
Connecticut Avenue Securities Trust 2024-R05 2M1 5.34839% 25-JUL-2044, 5.35%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,224,130 $1,225,334 $1,225,334 0.04 $1,223,516
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,188,081 $1,188,081 0.04 $1,181,148
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,105,354 $1,105,354 0.04 $1,101,228
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $1,004,477 $1,004,477 0.04 $983,208
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $922,290 $922,290 0.03 $919,521
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $856,220 $856,220 0.03 $855,450
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 $734,993 $734,993 0.03 $733,903
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $681,864 $681,864 0.02 $676,008
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $672,366 $672,366 0.02 $660,760
Australian Central Credit Union Ltd. FRN 16-SEP-2031, 6.51%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $665,279 $665,279 0.02 $655,937
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $662,221 $662,221 0.02 $651,088
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $661,497 $661,497 0.02 $656,251
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.53%, 10/14/31 BENAU BR8160425 - - 800,000 $528,898 $528,898 0.02 $524,776
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $367,607 $367,607 0.01 $364,066
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $99,327 $99,327 0.00 $97,917
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $98,754 $98,754 0.00 $98,623
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 $35,027 $35,027 0.00 $34,923
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,777,500 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -2,305 $-480,736,562 $0 0.00 $0
AUST 3YR BOND FUT Sep25 SEP 25 YMU5 AU03Y 28U - 595.00 $41,640,328 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,815,590 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - 289.00 $36,102,248 $0 0.00 $0
GLOBAL PAYMENTS INC 0% 09/04/2025, 0.00%, 09/04/25 GPN 37961CW40 - - 72,400,000 $72,390,226 $72,390,226 2.63 $72,390,226
JABIL INC 0% 09/04/2025, 0.00%, 09/04/25 JBLPP 46652LW45 - - 65,800,000 $65,790,650 $65,790,650 2.39 $65,790,650
JABIL INC 0% 09/05/2025, 0.00%, 09/05/25 JBLPP 46652LW52 - - 52,400,000 $52,393,014 $52,393,014 1.90 $52,393,014
AUTONATION INC 0% 09/05/2025, 0.00%, 09/05/25 AUTONA 05330LW58 - - 40,000,000 $39,994,722 $39,994,722 1.45 $39,994,722
AUTONATION INC 0% 09/04/2025, 0.00%, 09/04/25 AUTONA 05330LW41 - - 38,750,000 $38,744,618 $38,744,618 1.41 $38,744,618
GLENCORE FUNDING LLC 0% 09/04/2025, 0.00%, 09/04/25 GLENPP 37790AW41 - - 8,650,000 $8,648,911 $8,648,911 0.31 $8,648,911
SEGREGATED CASH SEGCASH - $0.00 8,456,171 $8,456,171 $8,456,171 0.31 $8,456,171
AUSTRALIAN DOLLARS AUD - - 11,271,059 $7,375,768 $7,375,768 0.27 $7,375,768
NEW ZEALAND DOLLAR NZD - - 6,838,763 $4,018,122 $4,018,122 0.15 $4,018,122
BRITISH POUND GBP - - 2,175,583 $2,922,443 $2,922,443 0.11 $2,922,443
CANADIAN DOLLAR CAD - - 1,622,485 $1,176,523 $1,176,523 0.04 $1,176,523
EURO EUR - - 984,406 $1,148,156 $1,148,156 0.04 $1,148,156
US DOLLARS USD MD_142224 - - -159,848,619 $-159,848,619 $-159,848,619 -5.80 $-159,848,619
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.97 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.97 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $48,334,881 $48,334,881 1.75 $48,334,881
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-48,334,881 $-48,334,881 -1.75 $-48,334,881
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $44,283,717 $44,283,717 1.61 $44,283,717
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-44,283,717 $-44,283,717 -1.61 $-44,283,717
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $62,603,556 $62,603,556 2.27 $62,603,556
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-62,603,556 $-62,603,556 -2.27 $-62,603,556
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $55,229,791 $55,229,791 2.00 $55,229,791
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-55,229,791 $-55,229,791 -2.00 $-55,229,791
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $19,330,427 $19,330,427 0.70 $19,330,427
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-19,330,427 $-19,330,427 -0.70 $-19,330,427
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 5.19 $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 -5.19 $-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 $995,987 0.04 $995,987
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 $-341,699 -0.01 $-341,699
FX Forward|AUD|10/10/2025 +AUDU - - -323,064,500 $-211,546,254 $-211,546,254 -7.68 $-211,546,254
FX Forward|USD|10/10/2025 +AUDU - - 210,783,433 $210,783,433 $210,783,433 7.65 $210,783,433
FX Forward|EUR|10/10/2025 +EUR1 - - -12,260,000 $-14,333,222 $-14,333,222 -0.52 $-14,333,222
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 $-1,282,549 $-1,282,549 -0.05 $-1,282,549
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 $-50,978,069 $-50,978,069 -1.85 $-50,978,069
FX Forward|USD|10/10/2025 +CADU - - 51,513,917 $51,513,917 $51,513,917 1.87 $51,513,917
FX Forward|AUD|10/10/2025 +AUD1 - - -323,284,000 $-211,689,985 $-211,689,985 -7.68 $-211,689,985
FX Forward|USD|10/10/2025 +AUD1 - - 210,883,972 $210,883,972 $210,883,972 7.66 $210,883,972
FX Forward|GBP|10/10/2025 +GBPU - - -11,241,000 $-15,104,208 $-15,104,208 -0.55 $-15,104,208
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 $-9,189,885 $-9,189,885 -0.33 $-9,189,885
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 $-6,548,112 $-6,548,112 -0.24 $-6,548,112
FX Forward|USD|10/10/2025 +AUDU - - 6,520,698 $6,520,698 $6,520,698 0.24 $6,520,698
FX Forward|AUD|10/10/2025 +AUD1 - - 17,000,000 $11,131,790 $11,131,790 0.40 $11,131,790
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 $-11,623,569 $-11,623,569 -0.42 $-11,623,569
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 $-9,036,395 $-9,036,395 -0.33 $-9,036,395
FX Forward|USD|10/10/2025 +AUDU - - 9,013,027 $9,013,027 $9,013,027 0.33 $9,013,027
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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