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

Securitized Income ETF Holdings

Full Portfolio Holdings

(As of May 21, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
UMBS TBA 30yr 5.5% June Delivery, 5.50%, 06/12/25 FNCL 01F052664 - - 65,610,000 $64,367,478 $64,367,478 8.33 $64,367,478
UMBS TBA 30yr 6.5% June Delivery, 6.50%, 06/12/25 FNCL 01F062663 - - 60,613,000 $61,961,033 $61,961,033 8.02 $61,961,033
UMBS TBA 30yr 5% June Delivery, 5.00%, 06/12/25 FNCL 01F050668 - - 61,479,000 $58,851,080 $58,851,080 7.62 $58,851,080
UMBS TBA 30yr 6% June Delivery, 6.00%, 06/12/25 FNCL 01F060667 - - 57,605,000 $57,790,488 $57,790,488 7.48 $57,790,488
UMBS TBA 30yr 3.5% June Delivery, 3.50%, 06/12/25 FNCL 01F032666 - - 30,930,000 $27,060,595 $27,060,595 3.50 $27,060,595
UMBS TBA 30yr 4.5% June Delivery, 4.50%, 06/12/25 FNCL 01F042665 - - 25,880,000 $24,105,745 $24,105,745 3.12 $24,105,745
UMBS TBA 30yr 3% June Delivery, 3.00%, 06/12/25 FNCL 01F030660 - - 25,640,000 $21,527,703 $21,527,703 2.79 $21,527,703
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 6.00369% 25-FEB-2045, 6.00%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,836,733 $16,836,733 2.18 $16,761,020
Fannie Mae REMIC Trust 2025-12 FC 5.45369% 25-MAR-2055, 5.45%, 03/25/55 FNR 2025-12 3136BVFC7 - - 13,188,063 $13,183,038 $13,183,038 1.71 $13,128,699
United States of America|5.35068|04/25/2055, 5.35%, 04/25/55 STRU JP-7441 BCCJ1VWS3 - - 12,146,690 $12,151,921 $12,151,921 1.57 $12,142,894
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $11,397,836 $11,397,836 1.48 $11,385,043
RCKT Mortgage Trust 2025-CES1 A1A 5.653% 25-JAN-2045, 5.65%, 01/25/45 RCKT 2025-CES1 A1 749427AA8 - - 7,645,596 $7,722,104 $7,722,104 1.00 $7,660,875
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $6,947,703 $6,947,703 0.90 $6,923,861
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.68348% 25-OCT-2057, 6.69%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,643,395 $6,856,598 $6,856,598 0.89 $6,823,259
BX Trust 2024-CNYN D 7.0188% 15-APR-2041, 7.02%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 6,713,950 $6,726,295 $6,726,295 0.87 $6,717,132
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 7.0% 25-APR-2029, 7.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 6,343,044 $6,350,262 $6,350,262 0.82 $6,287,360
Connecticut Avenue Securities, Series 2021-R03 1M2 6.00369% 25-DEC-2041, 6.00%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,280,218 $6,280,218 0.81 $6,252,212
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,517,100 $6,244,521 $6,244,521 0.81 $6,207,591
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,953,714 $5,971,216 $5,971,216 0.77 $5,941,991
KRE Commercial Mortgage Trust 2025-AIP4 A 5.62871% 15-MAR-2042, 5.63%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 5,902,000 $5,904,769 $5,904,769 0.77 $5,898,310
FS Commercial Mortgage Trust 2023-4SZN D 9.382749% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,860,165 $5,860,165 0.76 $5,829,709
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.50369% 25-FEB-2045, 5.50%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 5,789,591 $5,809,781 $5,809,781 0.75 $5,785,883
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 5,650,000 $5,655,551 $5,655,551 0.73 $5,632,347
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 5,559,543 $5,635,595 $5,635,595 0.73 $5,589,827
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 5,430,000 $5,414,944 $5,414,944 0.70 $5,402,458
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.15369% 25-NOV-2041, 6.15%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,339,364 $5,339,364 0.69 $5,315,021
BX Commercial Mortgage Trust 2021-VOLT E 6.443% 15-SEP-2036, 6.44%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,333,000 $5,293,169 $5,293,169 0.69 $5,286,487
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,198,581 $5,198,581 0.67 $5,169,722
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 5,067,638 $5,115,858 $5,115,858 0.66 $5,072,647
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 5,216,446 $5,071,284 $5,071,284 0.66 $5,065,789
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 5,018,103 $5,070,760 $5,070,760 0.66 $5,042,917
Fannie Mae REMIC Trust 2025-9 FA 5.55369% 25-MAR-2055, 5.55%, 03/25/55 FNR 2025-9 3136BVDC9 - - 5,028,536 $5,036,982 $5,036,982 0.65 $5,015,937
Compass Datacenters Issuer II LLC|5.756|05/25/2050, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $4,990,770 $4,990,770 0.65 $4,989,970
Atlas Warehouse Lending Co. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 4,854,000 $4,970,952 $4,970,952 0.64 $4,834,433
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.93348% 25-OCT-2057, 6.94%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,799,067 $4,952,976 $4,952,976 0.64 $4,927,993
BX Commercial Mortgage Trust 2024-MF D 7.01853% 15-FEB-2039, 7.02%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,746,041 $4,746,041 0.61 $4,739,576
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,710,219 $4,710,219 0.61 $4,703,700
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 4,580,208 $4,692,541 $4,692,541 0.61 $4,648,950
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,673,047 $4,673,047 0.61 $4,651,892
RCKT Mortgage Trust 2025-CES5|5.687|06/25/2055, 5.69%, 06/25/55 RCKT 2025-CES5 74942CAA7 - - 4,605,000 $4,631,209 $4,631,209 0.60 $4,615,932
OnDeck Asset Securitization IV, Series 2025-1 B 5.52% 17-APR-2032, 5.52%, 04/19/32 ONDK 2025-1A 68237DAB9 - - 4,500,000 $4,456,553 $4,456,553 0.58 $4,453,103
Great Wolf Trust 2024-WOLF D 7.21186% 15-MAR-2039, 7.22%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 4,425,000 $4,420,340 $4,420,340 0.57 $4,414,129
Fora Financial Asset Securitization, Series 2024-1 A 6.33% 15-MAY-2027, 6.33%, 08/15/29 FORA 2024-1A 34512PAA2 - - 4,333,000 $4,350,604 $4,350,604 0.56 $4,345,271
Hotwire Funding, Series 2021-1 C_2021_1 4.459% 20-NOV-2051, 4.46%, 11/20/51 HWIRE 2021-1 44148JAC3 - - 4,500,000 $4,343,699 $4,343,699 0.56 $4,342,584
Carvana Auto Receivables Trust 2025-P1 N 5.66%, 5.66%, 03/10/33 CRVNA 2025-P1 14689MAH3 - - 4,314,119 $4,321,813 $4,321,813 0.56 $4,313,673
Sotheby's ArtFi Master Trust, Series 2024-1 C 6.83% 20-DEC-2031, 6.83%, 12/22/31 ARTFI 2024-1A 83589CAD0 - - 4,250,000 $4,303,597 $4,303,597 0.56 $4,253,605
BX Commercial Mortgage Trust 2021-SOAR D 5.843% 15-JUN-2038, 5.84%, 06/15/38 BX 2021-SOAR 05608WAL8 - - 4,164,505 $4,164,089 $4,164,089 0.54 $4,159,357
COOPR Residential Mortgage Trust 2025-CES1|5.654|05/25/2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 4,116,000 $4,149,674 $4,149,674 0.54 $4,116,705
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.45369% 25-SEP-2041, 6.45%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 4,100,848 $4,146,949 $4,146,949 0.54 $4,127,100
Drive Auto Receivables Trust|5.41|09/15/2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,076,543 $4,076,543 0.53 $4,076,543
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 4,030,858 $4,042,809 $4,042,809 0.52 $4,036,725
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,817,549 $3,845,037 $3,845,037 0.50 $3,814,302
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A1 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAA9 - - 3,721,485 $3,784,267 $3,784,267 0.49 $3,744,726
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,752,756 $3,752,756 0.49 $3,736,513
BMP Commercial Mortgage Trust 2024-MF23 D 6.7192% 15-JUN-2041, 6.72%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,747,334 $3,747,334 0.49 $3,742,435
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,623,347 $3,729,188 $3,729,188 0.48 $3,692,913
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,705,151 $3,705,151 0.48 $3,687,231
FREMF 2023-K511 Mortgage Trust C 5.634605% 25-NOV-2028, 5.82%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,694,471 $3,694,471 0.48 $3,661,477
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.80369% 25-OCT-2044, 5.80%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 3,652,429 $3,667,703 $3,667,703 0.48 $3,651,805
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M2 6.15369% 25-AUG-2044, 6.15%, 08/25/44 STACR 2024-HQA2 35564NEC3 - - 3,620,000 $3,644,184 $3,644,184 0.47 $3,627,476
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 3,536,616 $3,567,873 $3,567,873 0.46 $3,560,879
ALA Trust 2025-OANA A 6.04263% 15-JUN-2027, 6.04%, 06/15/30 ALA 2025-OANA 009920AA7 - - 3,500,000 $3,507,145 $3,507,145 0.45 $3,507,145
Connecticut Avenue Securities, Series 2021-R01 1B1 7.45369% 25-OCT-2041, 7.45%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,372,000 $3,460,417 $3,460,417 0.45 $3,441,567
PRPM 2025-2 LLC|6.469|05/25/2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,429,000 $3,443,842 $3,443,842 0.45 $3,412,418
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,425,647 $3,425,647 0.44 $3,403,852
Affirm Asset Securitization Trust 2024-A C_2 6.16% 15-FEB-2029, 6.16%, 02/15/29 AFFRM 2024-A 00834BAH0 - - 3,392,000 $3,404,601 $3,404,601 0.44 $3,400,538
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 3,355,839 $3,376,488 $3,376,488 0.44 $3,350,390
SCG Commercial Mortgage Trust 2025-DLFN E 7.27871% 15-MAR-2027, 7.28%, 03/15/35 SCG 2025 78398EAJ4 - - 3,350,000 $3,369,791 $3,369,791 0.44 $3,365,050
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 3,289,764 $3,293,554 $3,293,554 0.43 $3,267,441
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.6004% 20-MAR-2033, 6.60%, 03/21/33 HACLN 2025-1 446438SZ7 - - 3,229,150 $3,247,497 $3,247,497 0.42 $3,229,144
Galaxy Senior Participation Interest Trust 1|6.9263834|07/31/2026, 6.93%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,192,040 $3,219,545 $3,219,545 0.42 $3,209,105
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $3,212,067 $3,212,067 0.42 $3,207,758
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 - - 3,137,624 $3,184,302 $3,184,302 0.41 $3,168,326
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 3,150,220 $3,175,932 $3,175,932 0.41 $3,161,215
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 3,141,601 $3,140,230 $3,140,230 0.41 $3,117,274
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,136,157 $3,136,157 0.41 $3,121,856
Amur Equipment Finance Receivables XV LLC|5.68|08/20/2032, 5.68%, 08/20/32 AXIS 2025-1A 03237FAE5 - - 3,129,000 $3,123,617 $3,123,617 0.40 $3,123,617
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,106,364 $3,106,364 0.40 $3,089,970
Wells Fargo Commercial Mortgage Trust 2024-MGP C11 7.41786% 15-AUG-2041, 7.42%, 08/15/41 WFCM 2024-MGP 95003TAE3 - - 3,100,000 $3,097,538 $3,097,538 0.40 $3,093,067
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,085,137 $3,085,137 0.40 $3,069,405
BX Trust 2024-VLT4 E 7.218114% 15-JUN-2041, 7.22%, 07/15/29 BX 2024-VLT4 05612TAJ4 - - 3,130,000 $3,078,356 $3,078,356 0.40 $3,073,963
BX Trust 2021-ARIA F 7.0365% 15-OCT-2036, 7.04%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,061,430 $3,061,430 0.40 $3,057,205
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M2 6.35369% 25-MAR-2044, 6.35%, 03/25/44 STACR 2024-HQA1 M2 35564NCA9 - - 3,000,000 $3,037,933 $3,037,933 0.39 $3,023,637
Connecticut Avenue Securities Trust 2024-R05 2M2 6.05369% 25-JUL-2044, 6.05%, 07/25/44 CAS 2024-R05 20754XAC7 - - 3,000,000 $3,018,775 $3,018,775 0.39 $3,005,154
Saluda Grade Alternative Mortgage Trust 2024-RTL6 A1 7.439% 25-JUL-2030, 7.44%, 07/25/30 GRADE 2024-RTL6 79585UAA8 - - 2,941,750 $3,006,098 $3,006,098 0.39 $2,975,858
SoFi Consumer Loan Program 2025-1 Trust D 5.72% 25-FEB-2034, 5.72%, 02/27/34 SCLP 2025-1 83406YAD3 - - 3,000,000 $2,977,510 $2,977,510 0.39 $2,964,640
Extended Stay America Trust 2021-ESH F 8.143% 15-JUL-2038, 8.14%, 07/15/38 ESA 2021-ESH 30227FAN0 - - 2,959,161 $2,963,843 $2,963,843 0.38 $2,959,157
SREIT Trust 2021-FLWR F 7.115549% 22-JUL-2036, 7.12%, 07/15/36 SREIT 2021-FLWR 78485GAQ7 - - 2,937,600 $2,927,114 $2,927,114 0.38 $2,923,050
FHF Issuer Trust 2025-1 (First Help Financial Trust) C 5.69% 15-AUG-2031, 5.69%, 08/15/31 FHF 2025-1A 30340RAE6 - - 2,854,000 $2,845,906 $2,845,906 0.37 $2,842,748
A&D Mortgage Trust 2025-NQM2|5.79|06/25/2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,830,000 $2,841,313 $2,841,313 0.37 $2,831,755
BXP Trust 2017-GM E 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,828,754 $2,828,754 0.37 $2,822,600
Finance Of America Structured Securities Trust Series 2024-S3|3.5|04/25/2074, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,903,214 $2,778,090 $2,778,090 0.36 $2,770,469
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,755,505 $2,755,505 0.36 $2,751,389
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.382032% 15-MAR-2038, 6.18%, 03/15/38 WFCM 2025-VTT 94990GAG4 - - 2,776,000 $2,751,001 $2,751,001 0.36 $2,741,000
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,883,955 $2,746,902 $2,746,902 0.36 $2,739,332
Connecticut Avenue Securities Trust 2025-R03 2M1 5.95369% 25-MAR-2045, 5.95%, 03/25/45 CAS 2025-R03 20754VAB3 - - 2,699,216 $2,727,524 $2,727,524 0.35 $2,715,471
BX Trust 2025-ROIC E 7.27% 15-FEB-2042, 7.27%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,782,000 $2,717,102 $2,717,102 0.35 $2,713,169
New Residential Mortgage Loan Trust 2024-RTL1 A2 7.101% 25-MAR-2039, 7.10%, 03/25/39 NRMLT 2024-RTL1 64831PAB1 - - 2,677,000 $2,714,634 $2,714,634 0.35 $2,700,377
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,710,385 $2,710,385 0.35 $2,707,026
RCKT Mortgage Trust 2024-CES5 A1B 6.047% 25-JUL-2044, 6.05%, 08/25/44 RCKT 74938KAB3 - - 2,649,340 $2,683,803 $2,683,803 0.35 $2,661,107
CAMB Commercial Mortgage Trust 2019-LIFE D 6.376% 15-DEC-2037, 6.38%, 12/15/37 CAMB 2019-LIFE 12482HAL8 - - 2,663,782 $2,665,100 $2,665,100 0.35 $2,661,798
MHC Commercial Mortgage Trust 2021-MHC F 7.044442% 15-APR-2038, 7.04%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,658,324 $2,658,324 0.34 $2,654,680
BX Trust 2024-BIO C 6.96871% 15-FEB-2041, 6.97%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 2,650,000 $2,627,168 $2,627,168 0.34 $2,623,578
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,576,485 $2,576,485 0.33 $2,572,800
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,760,000 $2,534,639 $2,534,639 0.33 $2,523,842
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.45369% 25-JAN-2042, 11.45%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,534,245 $2,534,245 0.33 $2,514,058
BX Commercial Mortgage Trust 2024-GPA3 C 6.22098% 15-DEC-2039, 6.22%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,529,952 $2,533,104 $2,533,104 0.33 $2,530,043
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,525,159 $2,525,159 0.33 $2,515,091
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,610,000 $2,521,407 $2,521,407 0.33 $2,512,500
Sandstone Peak III C 6.93177% 25-APR-2037, 6.93%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,518,410 $2,518,410 0.33 $2,505,413
Wells Fargo Commercial Mortgage Trust 2024-1CHI C 6.433771% 15-JUL-2035, 6.23%, 07/15/35 WFCM 2024-1CHI 95003PAE1 - - 2,500,000 $2,517,421 $2,517,421 0.33 $2,508,341
Zais CLO 11 BR 6.05947% 20-JAN-2032, 6.06%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,515,669 $2,515,669 0.33 $2,502,625
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,500,000 $2,513,593 $2,513,593 0.33 $2,510,399
Freddie Mac STACR REMIC Trust 2025-DNA2|5.83128|05/25/2045, 5.83%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 2,510,949 $2,512,476 $2,512,476 0.33 $2,511,663
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,510,951 $2,510,951 0.33 $2,510,075
MTN Commercial Mortgage Trust 2022-LPFL B 6.2256% 15-MAR-2039, 6.23%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,498,563 $2,498,563 0.32 $2,495,537
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,457,276 $2,483,687 $2,483,687 0.32 $2,463,228
OnDeck Asset Securitization IV, Series 2025-1 C 6.64% 17-APR-2032, 6.64%, 04/19/32 ONDK 2025-1A 68237DAC7 - - 2,500,000 $2,456,451 $2,456,451 0.32 $2,454,146
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 8.10369% 25-FEB-2042, 8.10%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 2,340,071 $2,448,554 $2,448,554 0.32 $2,434,331
FHF Issuer Trust 2024-2 (First Help Financial) D 7.15% 15-SEP-2031, 7.15%, 09/15/31 FHF 2024-2A 30336NAJ0 - - 2,373,000 $2,427,918 $2,427,918 0.31 $2,424,619
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,418,985 $2,418,985 0.31 $2,411,831
Westlake Automobile Receivables Trust 2025-P1|5.59|07/15/2032, 5.59%, 07/15/32 WLAKE 2025-P1 96043LAG5 - - 2,379,000 $2,378,693 $2,378,693 0.31 $2,378,693
Citigroup Commercial Mortgage Trust 2021-PRM2 G 8.944% 15-JUN-2036, 8.94%, 10/15/38 CGCMT 2021-PRM2 17291HAS3 - - 2,400,000 $2,363,258 $2,363,258 0.31 $2,359,085
Brean Asset Backed Securities Trust 2024-RM8 A2 4.5% 25-MAY-2064, 4.50%, 05/25/64 BABS 2024-RM8 10637YAB1 - - 2,560,000 $2,352,466 $2,352,466 0.30 $2,343,826
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,344,346 $2,344,346 0.30 $2,341,267
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,338,043 $2,338,043 0.30 $2,325,881
SREIT Commercial Mortgage Trust 2021-MFP2 F 7.0612% 15-NOV-2036, 7.06%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,325,873 $2,325,873 0.30 $2,322,668
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.35369% 25-DEC-2041, 11.35%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 2,150,000 $2,304,807 $2,304,807 0.30 $2,286,499
Connecticut Avenue Securities, Series 2021-R03 1B1 7.10369% 25-DEC-2041, 7.10%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,301,814 $2,301,814 0.30 $2,289,827
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,400,000 $2,277,545 $2,277,545 0.30 $2,259,995
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 2,250,000 $2,249,386 $2,249,386 0.29 $2,239,262
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,277,961 $2,195,045 $2,195,045 0.28 $2,189,065
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,162,540 $2,162,540 0.28 $2,157,925
Hudson's Bay Simon JV Trust 2015-HBS A10 4.1545% 05-AUG-2034, 4.15%, 08/05/34 HBCT 2015-HB10 44422PBN1 - - 2,210,000 $2,157,931 $2,157,931 0.28 $2,152,576
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.9504% 20-OCT-2032, 6.93%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 2,135,181 $2,142,926 $2,142,926 0.28 $2,142,104
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 2,084,178 $2,142,012 $2,142,012 0.28 $2,130,664
OPEN Trust 2023-AIR B 8.166707% 15-NOV-2040, 8.17%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 2,080,000 $2,082,737 $2,082,737 0.27 $2,079,434
BX Commercial Mortgage Trust 2021-VINO E 6.39533% 15-MAY-2038, 6.40%, 05/15/38 BX 2021-VINO 05608KAJ9 - - 2,067,100 $2,063,287 $2,063,287 0.27 $2,060,716
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.70369% 25-SEP-2041, 7.70%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,053,410 $2,053,410 0.27 $2,041,875
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 2,004,303 $2,051,953 $2,051,953 0.27 $2,033,204
LIFE 2022-BMR2 Mortgage Trust C 6.42183% 15-MAY-2039, 6.42%, 05/15/39 LIFE 2022-BMR2 53218DAG3 - - 2,250,000 $2,044,941 $2,044,941 0.26 $2,042,131
Gracie Point International Funding, Series 2023-1 D 8.92441% 01-SEP-2026, 8.92%, 09/01/26 GPIF 2023-1A 383931AD4 - - 2,000,000 $2,034,247 $2,034,247 0.26 $1,994,583
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.867772% 27-SEP-2052, 0.96%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,014,816 $2,014,816 0.26 $2,011,543
Mission Lane Credit Card Master Trust Series 2023-A 2302_C 9.67% 15-NOV-2028, 9.67%, 11/15/28 MLANE 2023-B 60510MAV0 - - 2,000,000 $2,007,713 $2,007,713 0.26 $2,003,952
BX Commercial Mortgage Trust 2024-WPT D 7.01841% 15-APR-2041, 7.02%, 03/15/34 BX 2024-WPT 05612JAG2 - - 2,000,000 $2,002,189 $2,002,189 0.26 $1,999,459
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $1,996,485 $1,996,485 0.26 $1,993,732
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $1,996,323 $1,996,323 0.26 $1,989,136
CONE Trust 2024-DFW1 A 5.97044% 15-AUG-2041, 5.97%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,000,000 $1,992,717 $1,992,717 0.26 $1,990,395
GWT Commercial Mortgage Trust 2024-WLF2 E 7.96714% 15-MAY-2041, 7.97%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 2,000,000 $1,991,991 $1,991,991 0.26 $1,988,892
LIFE 2022-BMR2 Mortgage Trust D 6.87062% 15-MAY-2039, 6.87%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $1,984,105 $1,984,105 0.26 $1,981,145
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $1,980,772 $1,980,772 0.26 $1,978,442
BX Trust 2021-BXMF G 7.792513% 15-OCT-2038, 7.79%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 2,040,266 $1,975,828 $1,975,828 0.26 $1,972,736
CSMC 2021-BHAR C 6.444% 15-NOV-2038, 6.44%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 2,000,000 $1,967,805 $1,967,805 0.25 $1,965,300
SMRT Commercial Mortgage Trust 2022-MINI F 7.67871% 15-JAN-2039, 7.68%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $1,967,365 $1,967,365 0.25 $1,964,341
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.5004% 20-MAY-2032, 7.48%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,931,747 $1,953,238 $1,953,238 0.25 $1,940,764
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,929,764 $1,943,891 $1,943,891 0.25 $1,941,214
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,975,000 $1,941,453 $1,941,453 0.25 $1,939,750
ACHV ABS Trust 2023-4CP D 8.6% 25-NOV-2030, 8.60%, 11/25/30 ACHV 2023-4CP 00092CAD4 - - 1,894,000 $1,925,280 $1,925,280 0.25 $1,913,064
BX Commercial Mortgage Trust 2024-AIR2 C 6.57024% 15-OCT-2041, 6.57%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,922,063 $1,922,063 0.25 $1,919,612
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,867,467 $1,879,424 $1,879,424 0.24 $1,864,501
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,876,906 $1,876,906 0.24 $1,873,023
FIGRE Trust 2023-HE3 A 6.436% 25-NOV-2053, 6.44%, 11/25/53 FIGRE 2023-HE3 31684CAA9 - - 1,786,224 $1,824,645 $1,824,645 0.24 $1,816,023
BXHPP Trust 2021-FILM C 5.543% 15-AUG-2036, 5.54%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,768,411 $1,768,411 0.23 $1,766,309
BX Commercial Mortgage Trust 2024-XL5 D 7.01851% 15-MAR-2041, 7.02%, 03/15/41 BX 2024-XL5 05612GAG8 - - 1,760,259 $1,764,212 $1,764,212 0.23 $1,761,810
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,728,603 $1,742,092 $1,742,092 0.23 $1,739,266
Wells Fargo Commercial Mortgage Trust 2025-VTT E 7.13745% 15-MAR-2038, 6.91%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - - 1,735,000 $1,736,768 $1,736,768 0.23 $1,729,777
Vertical Bridge CC Secured Tower Revenue Notes, Series 2020-2 B_2020_2 3.229% 15-SEP-2050, 3.23%, 09/15/50 VBTOW 2020-2A 92535VAG7 - - 1,750,000 $1,734,244 $1,734,244 0.22 $1,733,145
Gracie Point International Funding, Series 2024-1 B 6.52441% 01-MAR-2028, 6.52%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,733,858 $1,733,858 0.22 $1,708,873
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,727,763 $1,696,001 $1,696,001 0.22 $1,689,522
Saluda Grade Alternative Mortgage Trust 2024-RTL5 A1 7.762% 25-APR-2030, 7.76%, 04/25/30 GRADE 2024-RTL5 A1 795935AA3 - - 1,640,000 $1,682,114 $1,682,114 0.22 $1,664,080
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,645,388 $1,644,990 $1,644,990 0.21 $1,642,774
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,638,628 $1,638,628 0.21 $1,636,738
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.70369% 25-DEC-2041, 6.70%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,625,391 $1,625,391 0.21 $1,617,347
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 A1_2020_1 1.69% 15-JUL-2060, 1.69%, 07/15/60 SORT 2020-1 12530MAA3 - - 1,596,717 $1,583,966 $1,583,966 0.21 $1,583,442
UMBS TBA 30yr 4% June Delivery, 4.00%, 06/12/25 FNCL 01F040669 - - 1,738,000 $1,572,216 $1,572,216 0.20 $1,572,216
ExteNet Issuer, Series 2024-1 C_241 9.05% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,571,439 $1,571,439 0.20 $1,561,257
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,566,870 $1,566,870 0.20 $1,566,105
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,544,000 $1,537,576 $1,537,576 0.20 $1,537,082
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $1,537,470 $1,537,470 0.20 $1,534,959
Arivo Acceptance Auto Loan Receivables Trust 2024-1 B 6.87% 15-JUN-2030, 6.87%, 06/17/30 ARIVO 2024-1A 039943AB1 - - 1,500,000 $1,532,102 $1,532,102 0.20 $1,530,098
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,548,040 $1,530,472 $1,530,472 0.20 $1,528,462
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,520,945 $1,520,945 0.20 $1,516,822
VB-S1 Issuer Secured Tower Revenue Notes, Series 2024-1 (Vertical Bridge) D_2024_1 6.644% 15-MAY-2054, 6.64%, 05/15/54 VBTEL 2024-1A 91823ABE0 - - 1,500,000 $1,520,480 $1,520,480 0.20 $1,518,542
United Auto Credit Securitization Trust 2024-1 C 7.06% 10-OCT-2029, 7.06%, 10/10/29 UACST 2024-1 90945DAC4 - - 1,500,000 $1,517,833 $1,517,833 0.20 $1,514,303
Brex Commercial Charge Card Master Trust Series 2024-1 A2 6.68% 15-JUL-2027, 6.68%, 07/15/27 BREX 2024-1 05601DAF0 - - 1,500,000 $1,516,206 $1,516,206 0.20 $1,514,257
JW Commercial Mortgage Trust 2024-MRCO C 6.71876% 15-JUN-2039, 6.72%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,495,401 $1,495,401 0.19 $1,493,441
DC Trust 2024-HLTN C 7.286102% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,493,413 $1,493,413 0.19 $1,487,256
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 1,478,664 $1,493,290 $1,493,290 0.19 $1,483,883
BX Trust 2021-ARIA E 6.6875% 15-OCT-2036, 6.69%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,492,601 $1,492,601 0.19 $1,490,650
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,470,638 $1,481,306 $1,481,306 0.19 $1,479,008
Saluda Grade Alternative Mortgage Trust 2024-RTL6 A2 8.683% 25-JUL-2030, 8.68%, 07/25/30 GRADE 2024-RTL6 79585UAB6 - - 1,450,000 $1,481,010 $1,481,010 0.19 $1,463,174
Connecticut Avenue Securities Trust 2024-R05 2M1 5.35369% 25-JUL-2044, 5.35%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,463,425 $1,467,720 $1,467,720 0.19 $1,461,844
Herbalife Ltd. 4.25% 15-JUN-2028, 4.25%, 06/15/28 HLF 42703MAF0 - - 1,702,000 $1,452,716 $1,452,716 0.19 $1,421,170
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,492,500 $1,447,361 $1,447,361 0.19 $1,446,839
LIFE 2021-BMR Mortgage Trust F 6.793% 15-MAR-2038, 6.79%, 03/15/38 LIFE 2021-BMR 53218CAL4 - - 1,484,000 $1,446,974 $1,446,974 0.19 $1,445,014
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,421,366 $1,431,609 $1,431,609 0.19 $1,420,442
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,430,651 $1,430,651 0.19 $1,414,591
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,422,594 $1,422,594 0.18 $1,413,802
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,348,199 $1,414,136 $1,414,136 0.18 $1,412,005
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.8504% 20-MAR-2033, 7.85%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,395,609 $1,405,039 $1,405,039 0.18 $1,395,605
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.3504% 20-OCT-2032, 8.33%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,358,065 $1,363,860 $1,363,860 0.18 $1,363,232
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 B1_2020_1 2.28% 15-JUL-2060, 2.28%, 07/15/60 SORT 2020-1 12530MAC9 - - 1,371,664 $1,361,932 $1,361,932 0.18 $1,361,324
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,360,615 $1,360,615 0.18 $1,360,615
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,296,538 $1,296,538 0.17 $1,258,547
Mission Lane Credit Card Master Trust Series 2023-A 2302_A 7.69% 15-NOV-2028, 7.69%, 11/15/28 MLANE 2023-B 60510MAT5 - - 1,278,000 $1,281,661 $1,281,661 0.17 $1,279,750
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.40369% 25-DEC-2031, 6.40%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 1,264,544 $1,281,227 $1,281,227 0.17 $1,275,154
BX Trust 2021-MFM1 E 6.693% 15-JAN-2034, 6.69%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 1,283,520 $1,281,188 $1,281,188 0.17 $1,279,517
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,266,203 $1,266,203 0.16 $1,266,178
BX Trust 2024-CNYN C 6.26987% 15-APR-2041, 6.27%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,258,866 $1,259,890 $1,259,890 0.16 $1,258,355
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 1,237,632 $1,255,505 $1,255,505 0.16 $1,254,340
FIGRE Trust 2024-HE3 A 5.937% 25-JUL-2054, 5.94%, 07/25/54 FIGRE 2024-HE3 31684GAA0 - - 1,239,410 $1,252,697 $1,252,697 0.16 $1,247,179
COMM 2024-WCL1 Mortgage Trust D 7.618% 17-JUN-2041, 7.62%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 1,250,000 $1,250,661 $1,250,661 0.16 $1,248,809
PRPM 2025-RPL4 LLC|3|05/25/2055, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,341,000 $1,246,844 $1,246,844 0.16 $1,243,603
COMM 2024-WCL1 Mortgage Trust C 7.218% 17-JUN-2041, 7.22%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,240,101 $1,240,101 0.16 $1,238,346
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.60369% 25-SEP-2041, 10.60%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 1,170,000 $1,232,397 $1,232,397 0.16 $1,223,092
FHF Issuer Trust 2024-2 (First Help Financial) C 6.43% 15-JUL-2030, 6.43%, 07/15/30 FHF 2024-2A 30336NAG6 - - 1,202,000 $1,228,801 $1,228,801 0.16 $1,227,299
FIGRE Trust 2025-HE2 A 5.775% 25-MAR-2055, 5.78%, 03/25/55 FIGRE 2025-HE2 31684KAA1 - - 1,216,580 $1,223,291 $1,223,291 0.16 $1,214,659
FHF Trust 2024-1 (First Help Financial) B 6.26% 15-MAR-2030, 6.26%, 03/15/30 FHF 2024-1A 31568AAC0 - - 1,200,000 $1,218,666 $1,218,666 0.16 $1,217,205
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 1,207,441 $1,212,980 $1,212,980 0.16 $1,211,414
SREIT Trust 2021-FLWR D 5.818042% 22-JUL-2036, 5.82%, 07/15/36 SREIT 78485GAL8 - - 1,200,000 $1,196,305 $1,196,305 0.16 $1,194,947
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,194,526 $1,194,526 0.15 $1,186,686
VB-S1 Issuer Secured Tower Revenue Notes, Series 2024-1 (Vertical Bridge) F_2024_1 8.871% 15-MAY-2054, 8.87%, 05/15/54 VBTEL 2024-1A 91823ABG5 - - 1,150,000 $1,191,462 $1,191,462 0.15 $1,189,478
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 1,167,152 $1,187,961 $1,187,961 0.15 $1,182,053
MTN Commercial Mortgage Trust 2022-LPFL D 7.2728% 15-MAR-2039, 7.27%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,173,891 $1,173,891 0.15 $1,172,229
Connecticut Avenue Securities, Series 2021-R02 2B1 7.65369% 25-NOV-2041, 7.65%, 11/25/41 CAS 2021-R02 20754KAF8 - - 1,141,001 $1,173,223 $1,173,223 0.15 $1,166,674
DROP Mortgage Trust 2021-FILE A 5.593% 15-OCT-2043, 5.59%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 1,250,000 $1,167,292 $1,167,292 0.15 $1,165,932
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 1,097,426 $1,164,570 $1,164,570 0.15 $1,162,628
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 1,145,000 $1,142,213 $1,142,213 0.15 $1,138,367
Connecticut Avenue Securities Trust 2025-R01 1M2 5.85369% 25-JAN-2045, 5.85%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,057,981 $1,057,981 0.14 $1,053,355
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,047,998 $1,047,998 0.14 $1,046,442
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 8.00369% 25-NOV-2041, 8.00%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,036,641 $1,036,641 0.13 $1,030,638
LIFE 2021-BMR Mortgage Trust E 6.193% 15-MAR-2038, 6.19%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,035,581 $1,035,581 0.13 $1,034,317
FHF Trust 2024-1 (First Help Financial) C 7.42% 15-MAY-2031, 7.42%, 05/15/31 FHF 2024-1A 31568AAD8 - - 1,000,000 $1,026,287 $1,026,287 0.13 $1,024,844
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,020,776 $1,020,776 0.13 $1,019,527
MHC Commercial Mortgage Trust 2021-MHC G 7.644442% 15-APR-2038, 7.64%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,020,559 $1,020,559 0.13 $1,019,043
Sotheby's ArtFi Master Trust, Series 2024-1 D 7.91% 20-DEC-2031, 7.91%, 12/22/31 ARTFI 2024-1A 83589CAE8 - - 1,000,000 $1,019,416 $1,019,416 0.13 $1,005,794
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,018,778 $1,018,778 0.13 $1,017,061
United Auto Credit Securitization Trust 2024-1 D 8.3% 10-NOV-2029, 8.30%, 11/12/29 UACST 2024-1 90945DAD2 - - 1,000,000 $1,016,843 $1,016,843 0.13 $1,014,076
CPC Asset Securitization (Channel Partners Capital) III, Series 2024-1 D 13.45% 15-AUG-2030, 13.45%, 08/15/30 CPCAS 2024-1A 126203AD0 - - 1,000,000 $1,014,915 $1,014,915 0.13 $1,012,300
PRPM 2021-11 A1 5.487% 25-NOV-2026, 5.49%, 11/25/26 PRPM 2021-11 69362QAA7 - - 1,007,056 $1,014,374 $1,014,374 0.13 $1,010,230
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,011,866 $1,011,866 0.13 $1,010,873
Compass Datacenters Issuer II, Series 2024-1 A2_2401 5.75% 25-FEB-2049, 5.75%, 02/25/49 CMPDC 2024-1A 20469AAB5 - - 1,000,000 $1,006,695 $1,006,695 0.13 $1,002,382
BX Trust 2025-TAIL|6.75|06/15/2035, 6.75%, 06/15/35 BX 2025-TAIL 123912AG2 - - 1,000,000 $1,000,000 $1,000,000 0.13 $1,000,000
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 1,028,307 $999,516 $999,516 0.13 $979,498
MKT 2020-525M Mortgage Trust F 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $998,704 $998,704 0.13 $996,061
BX Trust 2024-VLT4 D 6.768762% 15-JUN-2041, 6.77%, 07/15/29 BX 2024-VLT4 05612TAG0 - - 1,000,000 $990,656 $990,656 0.13 $989,340
BX Commercial Mortgage Trust 2024-AIR2 D 7.11945% 15-OCT-2041, 7.12%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 959,180 $960,611 $960,611 0.12 $959,283
Connecticut Avenue Securities, Series 2021-R02 2M2 6.35369% 25-NOV-2041, 6.35%, 11/25/41 CAS 2021-R02 20754KAB7 - - 941,210 $950,984 $950,984 0.12 $946,499
ALA Trust 2025-OANA D 7.39072% 15-JUN-2027, 7.39%, 06/15/30 ALA 2025-OANA 009920AG4 - - 933,000 $936,544 $936,544 0.12 $936,544
Towd Point Mortgage Trust 2024-CES2 A1B 6.35% 25-FEB-2064, 6.35%, 02/25/64 TPMT 2024-CES2 89182JAB7 - - 910,953 $923,585 $923,585 0.12 $915,391
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 900,000 $915,675 $915,675 0.12 $914,109
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.95369% 25-DEC-2031, 7.95%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 894,303 $913,984 $913,984 0.12 $908,649
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $905,689 $905,689 0.12 $904,303
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 900,000 $900,887 $900,887 0.12 $898,747
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 900,000 $899,658 $899,658 0.12 $898,104
Finance Of America Structured Securities Trust Series 2024-S1|3.5|02/25/2074, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 922,343 $891,401 $891,401 0.12 $888,980
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 848,485 $876,006 $876,006 0.11 $875,527
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 871,312 $861,702 $861,702 0.11 $858,237
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 848,485 $861,339 $861,339 0.11 $861,019
BX Trust 2024-BRBK B 8.25531% 15-OCT-2041, 8.26%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 850,000 $848,149 $848,149 0.11 $846,785
BX Trust 2024-BRBK A 7.20835% 15-OCT-2041, 7.21%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 850,000 $848,005 $848,005 0.11 $846,814
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 6.15369% 25-JUN-2047, 6.15%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 837,036 $837,581 $837,581 0.11 $833,726
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 7.10369% 25-JUN-2047, 7.10%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 813,121 $836,874 $836,874 0.11 $832,542
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.78348% 25-OCT-2057, 8.79%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 783,074 $831,978 $831,978 0.11 $826,815
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 807,749 $818,830 $818,830 0.11 $811,592
AMC Networks Inc. 10.25% 15-JAN-2029, 10.25%, 01/15/29 AMCX 00164VAG8 - - 755,000 $812,126 $812,126 0.11 $784,826
Connecticut Avenue Securities Trust 2024-R03 2M2 6.30369% 25-MAR-2044, 6.30%, 03/25/44 CAS 2024-R03 207941AB1 - - 788,000 $800,750 $800,750 0.10 $797,025
Hudson's Bay Simon JV Trust 2015-HBS C10 5.628567% 05-AUG-2034, 5.45%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $796,215 $796,215 0.10 $793,486
BXHPP Trust 2021-FILM A 5.093% 15-AUG-2036, 5.09%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $791,900 $791,900 0.10 $791,088
Connecticut Avenue Securities Trust 2025-R03 2M2 6.60369% 25-MAR-2045, 6.60%, 03/25/45 CAS 2025-R03 20754VAC1 - - 767,000 $783,668 $783,668 0.10 $779,869
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 765,739 $778,907 $778,907 0.10 $774,771
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 765,739 $776,294 $776,294 0.10 $773,140
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $770,510 $770,510 0.10 $769,359
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $758,220 $758,220 0.10 $757,205
CENT Trust 2023-CITY B 7.47871% 15-SEP-2038, 7.48%, 09/15/38 CENT 2023-CITY 12516WAC5 - - 750,000 $751,092 $751,092 0.10 $750,001
Towd Point Mortgage Trust 2024-CES1 A1B 6.049% 25-JAN-2064, 6.05%, 01/25/64 TPMT 2024-CES1 89183CAB1 - - 734,979 $742,088 $742,088 0.10 $735,789
Cyrusone Data Centers Issuer I, Series 2024-1 A2_2401 4.76% 20-MAR-2049, 4.76%, 03/22/49 CYRUS 2024-1A 23284BAF1 - - 735,000 $712,692 $712,692 0.09 $712,497
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $710,973 $710,973 0.09 $709,864
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.6004% 20-MAY-2032, 9.58%, 05/20/32 HACLN 2024-1 44644NAD1 - - 691,288 $705,801 $705,801 0.09 $705,433
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $704,282 $704,282 0.09 $703,344
Great Wolf Trust 2024-WOLF C 6.71286% 15-MAR-2039, 6.72%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 700,000 $699,787 $699,787 0.09 $698,872
Connecticut Avenue Securities, Series 2021-R01 1M2 5.90369% 25-OCT-2041, 5.90%, 10/25/41 CAS 2021-R01 20754RAB2 - - 690,775 $695,561 $695,561 0.09 $692,502
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 699,708 $672,734 $672,734 0.09 $672,465
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 641,769 $650,336 $650,336 0.08 $649,101
Gracie Point International Funding, Series 2024-1 D 11.57441% 01-MAR-2028, 11.57%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $614,922 $614,922 0.08 $599,493
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 606,803 $610,040 $610,040 0.08 $609,790
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 599,731 $597,056 $597,056 0.08 $596,807
Connecticut Avenue Securities Trust 2024-R06 1M2 5.95369% 25-SEP-2044, 5.95%, 09/25/44 CAS 2024-R06 20755RAC9 - - 577,442 $581,710 $581,710 0.08 $579,131
New Economy Assets - Phase 1 Issuer, Series 2021-1 A1_2021_1 1.846333% 20-OCT-2061, 1.91%, 10/20/61 USRE 2021-1 643821AA9 - - 615,000 $574,324 $574,324 0.07 $574,258
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $566,466 $566,466 0.07 $563,097
BX Trust 2022-FOX2 E 7.28788% 15-APR-2039, 7.29%, 04/15/39 BX 2022-FOX2 05610AAJ7 - - 558,389 $555,012 $555,012 0.07 $554,220
Mello Warehouse Securitization Trust 2024-1 F 9.569% 25-OCT-2057, 9.58%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $540,521 $540,521 0.07 $536,628
Connecticut Avenue Securities Trust 2024-R01 1M2 6.15369% 25-JAN-2044, 6.15%, 01/25/44 CAS 2024-R01 20753UAB6 - - 520,000 $526,267 $526,267 0.07 $523,867
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $525,810 $525,810 0.07 $523,891
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $523,627 $523,627 0.07 $522,618
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $518,001 $518,001 0.07 $517,209
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $514,366 $514,366 0.07 $514,136
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $513,272 $513,272 0.07 $510,936
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 503,789 $509,839 $509,839 0.07 $509,064
Bayview Opportunity Master Fund VII Trust 2024-SN1 D 6.36% 15-JUL-2029, 6.36%, 07/16/29 BVABS 2024-SN1A 072926AF5 - - 500,000 $509,724 $509,724 0.07 $509,106
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $509,211 $509,211 0.07 $508,571
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $509,025 $509,025 0.07 $508,427
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 500,000 $507,325 $507,325 0.07 $506,874
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $506,673 $506,673 0.07 $506,086
Gracie Point International Funding, Series 2024-1 C 7.92441% 01-MAR-2028, 7.92%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $504,785 $504,785 0.07 $495,983
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $504,780 $504,780 0.07 $504,100
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $504,662 $504,662 0.07 $504,094
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $504,607 $504,607 0.07 $504,044
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $503,059 $503,059 0.07 $502,389
Affirm Asset Securitization Trust 2024-A C_1 6.16% 15-FEB-2029, 6.16%, 02/15/29 AFFRM 2024-A 00834BAC1 - - 500,000 $501,857 $501,857 0.07 $501,259
BX Commercial Mortgage Trust 2023-VLT3 C 7.76671% 15-NOV-2042, 7.77%, 11/15/28 BX 2023-VLT3 05611GAE4 - - 500,000 $500,755 $500,755 0.06 $500,000
ILPT Commercial Mortgage Trust 2022-LPF2 E 10.26871% 15-OCT-2039, 10.27%, 10/15/39 ILPT 2022-LPF2 449652AJ5 - - 500,000 $496,502 $496,502 0.06 $495,504
Amur Equipment Finance Receivables XIV, Series 2024-2 E 8.88% 20-OCT-2032, 8.88%, 10/20/32 AXIS 2024-2A 03238BAF0 - - 500,000 $496,432 $496,432 0.06 $496,185
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $464,241 $464,241 0.06 $463,497
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 458,627 $460,198 $460,198 0.06 $459,547
PRPM 2024-1 A1 6.959% 25-FEB-2029, 6.96%, 02/25/29 PRPM 2024-1 693972AA9 - - 437,776 $442,410 $442,410 0.06 $440,126
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 435,271 $438,613 $438,613 0.06 $437,954
Extended Stay America Trust 2021-ESH E 7.293% 15-JUL-2038, 7.29%, 07/15/38 ESA 2021-ESH 30227FAL4 - - 428,864 $429,473 $429,473 0.06 $428,865
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $424,353 $424,353 0.05 $423,736
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.78348% 25-OCT-2057, 7.79%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 400,542 $416,512 $416,512 0.05 $414,172
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $408,320 $408,320 0.05 $407,794
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.16%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 410,000 $404,489 $404,489 0.05 $403,255
Oak Street Investment Grade Net Lease Fund Series 2020-1 A2_2020_1 2.21% 20-NOV-2050, 2.21%, 11/20/50 OAKIG 2020-1A 67181DAB7 - - 451,450 $403,984 $403,984 0.05 $403,929
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M2 6.30369% 25-FEB-2044, 6.30%, 02/25/44 STACR 2024-DNA1 35564NBA0 - - 382,632 $389,799 $389,799 0.05 $387,990
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 385,062 $388,542 $388,542 0.05 $387,587
BAMLL Re-REMIC Trust 2024-FRR4 E 1.217611% 27-NOV-2048, 1.52%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $382,227 $382,227 0.05 $381,367
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 375,987 $380,889 $380,889 0.05 $377,419
Amur Equipment Finance Receivables XIII, Series 2024-1 E 9.66% 20-APR-2032, 9.66%, 04/20/32 AXIS 2024-1A E 03237CAF9 - - 375,000 $380,478 $380,478 0.05 $380,277
BAMLL Re-REMIC Trust 2024-FRR4 F 1.142573% 27-JAN-2026, 1.42%, 11/27/48 BAMLL 05493VAL8 - - 400,119 $379,678 $379,678 0.05 $378,871
Celanese Corporation CE US 150870103 - - 7,169 $375,799 $375,799 0.05 $375,799
Worldwide Plaza Trust 2017-WWP A 3.5263% 10-NOV-2036, 3.53%, 11/10/36 WPT 98162JAA4 - - 528,000 $365,950 $365,950 0.05 $364,864
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 345,721 $348,536 $348,536 0.05 $348,088
Connecticut Avenue Securities Trust 2024-R02 1M2 6.15369% 25-FEB-2044, 6.15%, 02/25/44 CAS 2024-R02 20754GAE0 - - 331,138 $335,744 $335,744 0.04 $334,216
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 325,896 $327,929 $327,929 0.04 $327,488
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $326,624 $326,624 0.04 $324,903
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $318,686 $318,686 0.04 $318,202
Surgery Center Holdings, Inc. 7.25% 15-APR-2032, 7.25%, 04/15/32 SURCEN 86881WAF9 - - 310,000 $314,246 $314,246 0.04 $311,936
BX Commercial Mortgage Trust 2024-MF C 6.26961% 15-FEB-2039, 6.27%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $310,448 $310,448 0.04 $310,071
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.90369% 25-FEB-2050, 5.90%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 309,191 $301,340 $301,340 0.04 $299,971
Luxury Lease Partners Auto Lease Trust 2024-4 B 10.491% 15-JAN-2030, 10.49%, 07/15/30 LLP 2024-4 55068XAB6 - - 300,000 $300,051 $300,051 0.04 $299,439
Readycap Lending Small Business Loan Trust 2023-3 A 7.57% 25-APR-2048, 7.57%, 04/25/48 RCLT 75576AAA1 - - 273,860 $278,708 $278,708 0.04 $277,153
Prosper Marketplace Issuance Trust, Series 2023-1 B 7.48% 15-JUL-2029, 7.48%, 07/16/29 PMIT 2023-1A 74390NAC6 - - 273,706 $274,550 $274,550 0.04 $274,152
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 B 7.77% 15-MAR-2032, 7.77%, 03/15/32 CPEF 2023-1A 224092AB2 - - 250,000 $256,644 $256,644 0.03 $256,266
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $254,058 $254,058 0.03 $254,058
Affirm Asset Securitization Trust 2023-B D 8.78% 15-SEP-2028, 8.78%, 09/15/28 AFFRM 2023-B 00792FAJ7 - - 250,000 $252,325 $252,325 0.03 $251,898
Affirm Asset Securitization Trust 2023-B C 7.81% 15-SEP-2028, 7.81%, 09/15/28 AFFRM 2023-B 00792FAH1 - - 250,000 $251,892 $251,892 0.03 $251,512
Affirm Asset Securitization Trust 2023-X1 C 8.25% 15-NOV-2028, 8.25%, 11/15/28 AFFRM 2023-X1 00834KAC1 - - 250,000 $251,273 $251,273 0.03 $250,872
Santander US Capital Markets LLC 18-JAN-2033, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 250,000 $247,656 $247,656 0.03 $247,326
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $246,520 $246,520 0.03 $246,168
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 C 7.56% 15-MAR-2032, 7.56%, 03/15/32 CPEF 2023-1A 224092AC0 - - 250,000 $245,134 $245,134 0.03 $244,767
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 243,157 $240,686 $240,686 0.03 $239,728
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 236,966 $238,036 $238,036 0.03 $237,765
BXHPP Trust 2021-FILM B 5.343% 15-AUG-2036, 5.34%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $233,662 $233,662 0.03 $233,403
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 222,076 $225,051 $225,051 0.03 $224,871
Cyrusone Data Centers Issuer I, Series 2023-1 B_2301 5.45% 20-APR-2048, 5.45%, 04/20/48 CYRUS 2023-1A 23284BAC8 - - 219,264 $216,082 $216,082 0.03 $216,016
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $204,292 $204,292 0.03 $203,865
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $203,231 $203,231 0.03 $202,863
BX Trust 2022-FOX2 D 6.43968% 15-APR-2039, 6.44%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 196,616 $195,391 $195,391 0.03 $195,145
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 A 7.48% 15-MAR-2032, 7.48%, 03/15/32 CPEF 2023-1A 224092AA4 - - 184,194 $186,535 $186,535 0.02 $186,267
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 180,695 $179,315 $179,315 0.02 $179,210
BX Commercial Mortgage Trust 2021-VINO D 5.79533% 15-MAY-2038, 5.80%, 05/15/38 BX 2021-VINO 05608KAG5 - - 175,000 $174,493 $174,493 0.02 $174,295
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 209,119 $161,848 $161,848 0.02 $161,628
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $153,364 $153,364 0.02 $152,914
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 147,926 $151,676 $151,676 0.02 $150,801
Cyrusone Data Centers Issuer I, Series 2023-2 A2_2302 5.56% 20-NOV-2048, 5.56%, 11/20/48 CYRUS 2023-2A 23284BAE4 - - 150,000 $149,559 $149,559 0.02 $149,512
Hudson's Bay Simon JV Trust 2015-HBS B7 4.6662% 05-AUG-2034, 4.67%, 08/05/34 HBCT 2015-HB7 44422PBC5 - - 140,000 $138,680 $138,680 0.02 $138,299
Ginnie Mae REMIC Trust 2005-065 FA 4.58307% 20-AUG-2035, 4.59%, 08/20/35 GNR 2005-65 38374LL25 - - 110,933 $108,961 $108,961 0.01 $108,933
U.S. Bank Auto Credit Linked Notes, Series 2023-1 C 9.785% 25-AUG-2032, 9.79%, 08/25/32 USCLN 2023-1 90357PAW4 - - 103,211 $105,635 $105,635 0.01 $104,877
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $99,405 $99,405 0.01 $99,095
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 99,806 $98,600 $98,600 0.01 $98,377
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $98,377 $98,377 0.01 $98,058
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $94,974 $94,974 0.01 $94,661
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $77,313 $77,313 0.01 $77,052
Hudson's Bay Simon JV Trust 2015-HBS A7 3.9141% 05-AUG-2034, 3.91%, 08/05/34 HBCT 2015-HB7 44422PAU6 - - 77,286 $76,810 $76,810 0.01 $76,633
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 6.00369% 25-JAN-2034, 6.00%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 73,973 $74,660 $74,660 0.01 $74,327
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 74,559 $74,072 $74,072 0.01 $74,044
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 73,161 $73,930 $73,930 0.01 $73,787
Affirm Asset Securitization Trust 2023-X1 B 7.77% 15-NOV-2028, 7.77%, 11/15/28 AFFRM 2023-X1 00834KAB3 - - 73,326 $73,560 $73,560 0.01 $73,449
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 42,517 $42,893 $42,893 0.01 $42,688
Upstart Securitization Trust 2021-1 C 4.06% 20-MAR-2031, 4.06%, 03/20/31 UPST 2021-1 91681NAC8 - - 37,515 $37,428 $37,428 0.00 $37,420
US 10YR FUT OPTN Jun25Call 115.25 TYM5C TYM5 COMDTY $115.25 -236.00 $-25,842,000 $0 0.00 $0
US 5YR NOTE (CBT) Jun25 JUN 25 FVM5 FUTURES_USD - 504.00 $54,109,125 $0 0.00 $0
US 10yr Ultra Fut Jun25 JUN 25 UXYM5 FUTURES_USD - -310.00 $-34,439,062 $0 0.00 $0
US 10YR NOTE (CBT)Jun25 JUN 25 TYM5 FUTURES_USD - -141.00 $-15,439,500 $0 0.00 $0
US 2YR NOTE (CBT) Jun25 JUN 25 TUM5 FUTURES_USD - 600.00 $123,932,813 $0 0.00 $0
ESM5 20Jun25 Call (AMERICAN PHYSICAL) 6450 ESM5C ESM5 INDEX $6,450.00 -24.00 $-7,033,500 $-720 0.00 $-720
GOLD FUT OPT(CMX) Jun25P 2755 2755 GCM5P GCM5 COMDTY $2,755.00 -82.00 $27,096,900 $-820 0.00 $-820
GOLD FUT OPT(CMX) Jun25C 3775 3775 GCM5C GCM5 COMDTY $3,775.00 -82.00 $-27,096,900 $-820 0.00 $-820
US 10YR FUT OPTN Jun25Put 108.25 TYM5P TYM5 COMDTY $108.25 -236.00 $25,842,000 $-3,688 0.00 $-3,688
ESM5 20Jun25 Put (AMERICAN PHYSICAL) 4575 ESM5P ESM5 INDEX $4,575.00 -24.00 $7,033,500 $-4,140 0.00 $-4,140
UMBS TBA 30yr 2.5% June Delivery, 2.50%, 06/12/25 FNCL 01F022667 - - -44,565,000 $-35,811,364 $-35,811,364 -4.64 $-35,811,364
SEGREGATED CASH SEGCASH - $0.00 4,450,000 $4,450,000 $4,450,000 0.58 $4,450,000
US DOLLARS USD MD_142224 - - -245,011,918 $-245,011,918 $-245,011,918 -31.75 $-245,011,918
Janus Henderson AAA CLO ETF 07/24/25 - 47103U845 $50.99 181,335 $9,171,924 $21,760 0.00 $21,760
Janus Henderson AAA CLO ETF 07/24/25 - 47103U845 $50.88 154,000 $7,789,320 $18,480 0.00 $18,480
Janus Henderson AAA CLO ETF 07/24/25 - 47103U845 $50.99 120,948 $6,117,550 $14,514 0.00 $14,514
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,206,250 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,115,625 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,159,375 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,182,812 $0 0.00 $0
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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