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 December 31, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
GNMA II TBA 30yr 2.5% January Delivery, 2.50%, 01/22/26 G2SF 21H022614 - - 136,700,000 $117,944,760 $117,944,760 8.58 $117,944,760
Fannie Mae or Freddie Mac|5.5|01/14/2026, 5.50%, 01/14/26 FNCL 01F052615 - - 65,610,000 $66,521,979 $66,521,979 4.83 $66,521,979
UMBS TBA 30yr 5% January Delivery, 5.00%, 01/14/26 FNCL 01F050619 - - 63,560,000 $63,390,041 $63,390,041 4.61 $63,390,041
UMBS TBA 30yr 6.5% January Delivery, 6.50%, 01/14/26 FNCL 01F062614 - - 60,613,000 $62,997,515 $62,997,515 4.58 $62,997,515
UMBS TBA 30yr 6% January Delivery, 6.00%, 01/14/26 FNCL 01F060618 - - 57,605,000 $59,129,804 $59,129,804 4.30 $59,129,804
UMBS TBA 30yr 3.5% February Delivery, 3.50%, 02/12/26 FNCL 01F032625 - - 30,930,000 $28,498,314 $28,498,314 2.08 $28,498,314
UMBS TBA 30yr 4.5% January Delivery, 4.50%, 01/14/26 FNCL 01F042616 - - 25,880,000 $25,255,930 $25,255,930 1.84 $25,255,930
UMBS TBA 30yr 3% January Delivery, 3.00%, 01/14/26 FNCL 01F030611 - - 25,640,000 $22,676,452 $22,676,452 1.65 $22,676,452
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.52419% 25-FEB-2045, 5.52%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,803,756 $16,803,756 1.22 $16,788,274
CENT Trust 2025-CITY A 4.919988% 10-JUL-2040, 4.92%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,824,793 $12,824,793 0.93 $12,772,989
Orion CLO 2023-1 A1R 5.12924% 25-OCT-2038, 5.13%, 10/25/38 ANTOR 2023-1A 68626CAJ3 - - 12,500,000 $12,596,441 $12,596,441 0.92 $12,519,859
Fannie Mae REMIC Trust 2025-12 FC 5.1718% 25-MAR-2055, 4.97%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,377,448 $12,423,891 $12,423,891 0.90 $12,413,630
ALA Trust 2025-OANA A 5.49363% 15-JUN-2040, 5.49%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,119,397 $12,119,397 0.88 $12,088,127
OHA CREDIT FUNDING 24 FLTG 2039 A2, 0.00%, 01/20/39 OAKC 2025-24A 67123CAC8 - - 12,000,000 $12,025,200 $12,025,200 0.88 $12,025,200
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,605,426 $11,650,918 $11,650,918 0.85 $11,595,512
Freddie Mac Multiclass Certificates, Series 5544 FC 5.0718% 25-JUN-2055, 4.87%, 06/25/55 FHR 5544 3137HLNP3 - - 11,141,667 $11,206,092 $11,206,092 0.82 $11,197,041
AB BSL CLO 1 A2R2 5.46673% 15-OCT-2038, 5.47%, 10/15/38 ABBSL 2020-1A 00038KBL4 - - 11,000,000 $11,114,851 $11,114,851 0.81 $11,019,638
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 7.62419% 25-FEB-2042, 7.62%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 10,489,989 $10,822,788 $10,822,788 0.79 $10,809,458
Apld Computeco LLC 9.25% 15-DEC-2030, 9.25%, 12/15/30 APLD 00202DAA5 - - 10,892,000 $10,798,711 $10,798,711 0.79 $10,683,967
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 10,553,049 $10,708,162 $10,708,162 0.78 $10,659,266
BX Commercial Mortgage Trust 2024-XL4 A 5.19215% 15-FEB-2039, 5.19%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,640,002 $10,640,002 0.77 $10,613,979
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,303,823 $10,303,823 0.75 $10,275,014
WB Commercial Mortgage Trust 2024-HQ A 6.134383% 16-MAR-2040, 5.94%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,041,163 $10,041,163 0.73 $9,991,693
ARES LV CLO FLTG 2039, 5.19%, 01/15/39 ARES 2025-78A 03990NAC9 - - 10,000,000 $10,018,227 $10,018,227 0.73 $9,998,056
BX Trust 2025-VLT7 E 7.50012% 15-JUL-2044, 7.50%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $9,973,651 $9,973,651 0.73 $9,938,354
BX Trust 2024-FNX A 5.19242% 15-NOV-2041, 5.19%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,917,447 $9,917,447 0.72 $9,893,189
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 8,975,299 $9,054,169 $9,054,169 0.66 $9,012,277
Flash Compute LLC 7.25% 31-DEC-2030, 7.25%, 12/31/30 FLASHC 33853QAA9 - - 8,932,000 $8,853,091 $8,853,091 0.64 $8,849,494
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,724,959 $8,724,959 0.64 $8,698,140
Regatta XXIV Funding Ltd., 5.23%, 01/25/39 REG26 2023-2A 75900QAQ8 - - 8,300,000 $8,324,421 $8,324,421 0.61 $8,300,295
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,302,379 $8,302,379 0.60 $8,288,849
CBAMR 2018-8 Ltd., 5.21%, 03/20/38 CBAMR 2019-11RA 14988AAC8 - - 8,000,000 $8,031,955 $8,031,955 0.58 $7,999,509
BAIN CAPITAL CREDIT CLO 2018-1, 5.24%, 01/19/39 BCC 2025-5A 056917AC1 - - 8,000,000 $8,028,000 $8,028,000 0.58 $8,028,000
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $7,947,645 $7,947,645 0.58 $7,891,397
WULF Compute LLC 7.75% 15-OCT-2030, 7.75%, 10/15/30 WULF 982911AA7 - - 7,439,000 $7,772,917 $7,772,917 0.57 $7,664,018
PMT LOAN TRUST 2025-J3 FLTG 2056 A3, 5.27%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 7,711,608 $7,740,955 $7,740,955 0.56 $7,733,922
Extended Stay America Trust 2025-ESH B 5.35012% 15-OCT-2042, 5.35%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,540,124 $7,540,124 0.55 $7,521,176
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,533,140 $7,533,140 0.55 $7,514,474
HILT 2025-NVIL A 5.49312% 15-JUL-2042, 5.49%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,435,664 $7,435,664 0.54 $7,416,469
Radian Mortgage Capital Trust 2025-J4 A25 5.6218% 25-MAR-2056, 5.42%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 7,343,837 $7,400,754 $7,400,754 0.54 $7,357,906
OBX 2025-J3 TRUST FLTG 2055 AF, 5.37%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,324,866 $7,331,240 $7,331,240 0.53 $7,324,679
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $7,209,356 $7,209,356 0.52 $7,175,297
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,172,206 $7,172,206 0.52 $7,155,751
BX Commercial Mortgage Trust 2024-AIRC A 5.44124% 15-AUG-2041, 5.44%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,905,427 $6,905,427 0.50 $6,887,746
KRE Commercial Mortgage Trust 2025-AIP4 A 5.05012% 15-MAR-2042, 5.05%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,905,104 $6,905,104 0.50 $6,890,581
PRPM 2025-RCF6 LLC 6.4% 55, 5.50%, 12/25/55 PRPM 2025-RCF6 69393BAC9 - - 6,852,000 $6,861,858 $6,861,858 0.50 $6,799,048
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A2 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAB7 - - 6,705,500 $6,725,821 $6,725,821 0.49 $6,683,912
Cipher Compute LLC 7.125% 15-NOV-2030, 7.12%, 11/15/30 CIFR 17253NAA5 - - 6,464,000 $6,644,882 $6,644,882 0.48 $6,583,474
RAD CLO 31 FLTG 2039 A1B, 5.13%, 04/17/39 RAD 2025-31A 74939NAC4 - - 6,600,000 $6,612,579 $6,612,579 0.48 $6,599,420
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.37419% 25-OCT-2041, 11.37%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,581,810 $6,581,810 0.48 $6,525,692
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,492,682 $6,492,682 0.47 $6,478,120
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.12419% 25-SEP-2041, 10.12%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 6,288,000 $6,481,465 $6,481,465 0.47 $6,470,855
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 6,411,000 $6,449,552 $6,449,552 0.47 $6,443,701
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.29348% 25-OCT-2057, 6.10%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,098,708 $6,302,886 $6,302,886 0.46 $6,296,690
BLP Commercial Mortgage Trust 2024-IND2 A 5.09227% 15-MAR-2041, 5.09%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,236,454 $6,250,762 $6,250,762 0.46 $6,235,765
SMRT Commercial Mortgage Trust 2022-MINI D 5.70012% 15-JAN-2039, 5.70%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 6,250,000 $6,245,521 $6,245,521 0.45 $6,228,695
Connecticut Avenue Securities Trust 2025-R01 1M1 4.97419% 25-JAN-2045, 4.97%, 01/25/45 CAS 2025-R01 20755JAB9 - - 6,103,996 $6,111,521 $6,111,521 0.44 $6,106,461
BX Trust 2025-TAIL D 6.20012% 15-JUN-2035, 6.20%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,017,568 $6,017,568 0.44 $6,000,001
HPEFS EQUIPMENT TRUST 2025-2 0% 33, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $6,009,006 $6,009,006 0.44 $6,000,261
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,096,045 $5,931,443 $5,931,443 0.43 $5,911,123
FS Commercial Mortgage Trust 2023-4SZN D 9.08008% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,926,176 $5,926,176 0.43 $5,882,667
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 5,871,500 $5,806,694 $5,806,694 0.42 $5,786,388
BX Trust 2024-CNYN D 6.44021% 15-APR-2041, 6.44%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,769,688 $5,790,789 $5,790,789 0.42 $5,773,242
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 5.97419% 25-SEP-2041, 5.97%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 5,568,144 $5,619,590 $5,619,590 0.41 $5,614,046
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 5,517,000 $5,555,898 $5,555,898 0.40 $5,550,897
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.5718% 25-MAY-2045, 5.37%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,530,379 $5,530,379 0.40 $5,499,001
PRPM 2025-RCF5 5.31%55 A2, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,524,223 $5,524,223 0.40 $5,499,886
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,419,199 $5,419,199 0.39 $5,404,836
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,297,830 $5,388,997 $5,388,997 0.39 $5,383,218
Connecticut Avenue Securities, Series 2021-R03 1M2 5.52419% 25-DEC-2041, 5.52%, 12/25/41 CAS 2021-R03 20754AAB9 - - 5,331,472 $5,385,964 $5,385,964 0.39 $5,355,634
LUXURY LEASE PARTN 2025-A 5.51%32 A, 5.51%, 03/15/32 LLP 2025-A 55069BAA5 - - 5,280,000 $5,303,299 $5,303,299 0.39 $5,291,985
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,189,034 $5,189,034 0.38 $5,182,621
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.37%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,178,993 $5,178,993 0.38 $5,149,595
NYC Commercial Mortgage Trust 2025-1155 D 7.358% 10-JUN-2042, 7.36%, 06/10/42 NYC 2025-1155 67122BAE7 - - 5,000,000 $5,171,732 $5,171,732 0.38 $5,141,074
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,049,395 $5,087,322 $5,087,322 0.37 $5,064,242
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.67419% 25-NOV-2041, 11.67%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,075,086 $5,075,086 0.37 $5,065,746
Ares LXXI CLO A2 5.58444% 20-APR-2037, 5.58%, 04/20/37 ARES 2024-71A 04020MAC3 - - 5,000,000 $5,070,104 $5,070,104 0.37 $5,014,260
SALUDA GR ALT MTG TR 2025-LOC5 A1B, 5.53%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,022,911 $5,022,911 0.37 $5,017,533
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $5,019,245 $5,019,245 0.37 $5,007,933
GOLDENTREE LOAN MANAGEM US 1 FLTG, 5.24%, 01/20/39 GLM 2025-27A 38140AAE8 - - 5,000,000 $5,018,511 $5,018,511 0.37 $4,998,140
BX Trust 2025-DIME E 6.75012% 15-FEB-2035, 6.75%, 02/15/35 BX 2025-DIME 05613UAJ0 - - 5,000,000 $4,978,414 $4,978,414 0.36 $4,962,477
FHF ISSUER TRUST 2024-1 0% 30, 5.75%, 05/15/30 FHF 2025-2A 30343DAB0 - - 4,891,000 $4,969,291 $4,969,291 0.36 $4,956,791
Avis Budget Rental Car Funding (AESOP) Series 2021-1 D 3.71% 20-AUG-2027, 3.71%, 08/20/27 AESOP 2021-1A 05377REL4 - - 5,000,000 $4,965,856 $4,965,856 0.36 $4,960,188
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $4,964,090 $4,964,090 0.36 $4,959,293
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 4,812,852 $4,902,211 $4,902,211 0.36 $4,878,905
SCG Commercial Mortgage Trust 2025-DLFN E 6.70012% 15-MAR-2035, 6.70%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,890,591 $4,890,591 0.36 $4,875,075
Fannie Mae REMIC Trust 2025-9 FA 5.2718% 25-MAR-2055, 5.07%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,793,965 $4,819,567 $4,819,567 0.35 $4,815,513
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A1 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAA9 - - 4,722,485 $4,764,244 $4,764,244 0.35 $4,734,729
BX Commercial Mortgage Trust 2024-MF D 6.43994% 15-FEB-2039, 6.44%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,759,613 $4,759,613 0.35 $4,745,207
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 4,720,885 $4,742,897 $4,742,897 0.35 $4,737,886
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 4,722,088 $4,738,596 $4,738,596 0.35 $4,719,046
Chase Auto Credit Linked Notes, Series 2025-1 E 6.024% 25-JUN-2033, 6.02%, 02/25/33 CACLN 2025-1 46591HCV0 - - 4,718,528 $4,710,792 $4,710,792 0.34 $4,706,055
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,588,500 $4,707,643 $4,707,643 0.34 $4,674,751
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,693,272 $4,693,272 0.34 $4,675,272
BX Commercial Mortgage Trust 2024-BIO2 D 7.71271% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,627,851 $4,627,851 0.34 $4,597,630
ALLY BK AUTO CR LKD NT 2025-B E, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - - 4,612,330 $4,622,874 $4,622,874 0.34 $4,610,238
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,588,592 $4,588,592 0.33 $4,573,692
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.54348% 25-OCT-2057, 6.35%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,405,596 $4,552,208 $4,552,208 0.33 $4,547,548
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 $4,550,046 $4,550,046 0.33 $4,540,386
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,528,132 $4,528,132 0.33 $4,523,633
NRTH Commercial Mortgage Trust 2025-PARK B 5.39304% 15-OCT-2040, 5.39%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,522,191 $4,522,191 0.33 $4,510,730
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 10.87419% 25-DEC-2041, 10.87%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 4,263,254 $4,468,799 $4,468,799 0.33 $4,461,072
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,425,055 $4,446,106 $4,446,106 0.32 $4,424,814
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 $4,438,788 $4,438,788 0.32 $4,432,656
FHLMC STACR REMIC TR 2025-DNA3 M1, 4.97%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 4,431,690 $4,437,963 $4,437,963 0.32 $4,434,289
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 $4,372,501 $4,372,501 0.32 $4,360,311
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,310,332 $4,358,677 $4,358,677 0.32 $4,353,362
GWT Commercial Mortgage Trust 2024-WLF2 E 7.38855% 15-MAY-2041, 7.39%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 4,322,000 $4,348,666 $4,348,666 0.32 $4,333,586
TOWD POINT MORTGAGE TRUS 5.98666% 65, 5.52%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,329,365 $4,329,365 0.32 $4,324,809
Taco Bell Funding Series 2021-1 A2I 1.946% 25-AUG-2051, 1.95%, 08/25/51 BELL 2021-1A 87342RAG9 - - 4,440,900 $4,328,971 $4,328,971 0.32 $4,320,329
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 $4,272,684 $4,272,684 0.31 $4,263,815
COMM 2024-WCL1 Mortgage Trust D 7.04% 17-JUN-2041, 7.04%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 4,250,000 $4,258,410 $4,258,410 0.31 $4,244,283
IRV Trust 2025-200P C 5.73037% 14-MAR-2047, 5.73%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,245,353 $4,245,353 0.31 $4,225,296
MTN Commercial Mortgage Trust 2022-LPFL A 5.1569% 15-MAR-2039, 5.16%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,241,645 $4,241,645 0.31 $4,231,320
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - - 4,234,688 $4,240,246 $4,240,246 0.31 $4,235,441
BX Trust 2024-VLT4 E 6.639524% 15-JUN-2041, 6.64%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,149,838 $4,149,838 0.30 $4,136,836
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,144,890 $4,144,890 0.30 $4,135,087
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 3,954,935 $4,112,731 $4,112,731 0.30 $4,090,590
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,036,364 $4,102,683 $4,102,683 0.30 $4,083,554
Citigroup Mortgage Loan Trust 2025-LTV1 A1 5.237% 25-DEC-2055, 5.24%, 12/25/55 CMLTI 2025-LTV1 17332XAA8 - - 4,068,000 $4,089,007 $4,089,007 0.30 $4,071,254
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,059,241 $4,085,209 $4,085,209 0.30 $4,066,716
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA1 M2 9.12419% 25-MAR-2042, 9.12%, 03/25/42 STACR 2022-HQA1 35564KTJ8 - - 3,856,000 $4,055,284 $4,055,284 0.30 $4,049,420
BX Trust 2024-BRBK A 6.62976% 15-OCT-2041, 6.61%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,022,575 $4,022,575 0.29 $4,010,107
BLP Trust 2025-IND2 D 6.40012% 15-DEC-2042, 6.40%, 12/15/42 BLP 2025-IND2 05556WAG1 - - 4,000,000 $4,016,449 $4,016,449 0.29 $4,004,360
Affirm Asset Securitization Trust 2025-X2 D 5.23% 15-OCT-2030, 5.23%, 10/15/30 AFFRM 2025-X2 00835DAD4 - - 4,000,000 $3,991,875 $3,991,875 0.29 $3,982,578
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,802,147 $3,812,279 $3,812,279 0.28 $3,796,447
FREMF 2023-K511 Mortgage Trust C 5.634403% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,802,614 $3,802,614 0.28 $3,765,050
BX Trust 2025-ARIA C 5.517301% 13-DEC-2042, 5.52%, 12/13/42 BX 2025-ARIA 05619TAE8 - - 3,760,000 $3,798,638 $3,798,638 0.28 $3,781,350
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,741,816 $3,796,674 $3,796,674 0.28 $3,779,044
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,796,602 $3,796,602 0.28 $3,792,992
BMP Commercial Mortgage Trust 2024-MF23 D 6.14061% 15-JUN-2041, 6.14%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,769,759 $3,769,759 0.27 $3,758,885
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,745,271 $3,745,271 0.27 $3,741,289
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 3,680,040 $3,723,337 $3,723,337 0.27 $3,704,878
Extended Stay America Trust 2025-ESH E 7.10012% 15-OCT-2042, 7.10%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,708,857 $3,708,857 0.27 $3,696,535
Extended Stay America Trust 2025-ESH D 6.35012% 15-OCT-2042, 6.35%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,705,705 $3,705,705 0.27 $3,694,685
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 3,633,507 $3,664,796 $3,664,796 0.27 $3,648,142
RCKT MORTGAGE TRUST 2025-C 5.212% 55, 4.97%, 11/25/55 RCKT 2025-CES11 749423AA7 - - 3,626,026 $3,642,109 $3,642,109 0.27 $3,627,103
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 3,708,306 $3,638,084 $3,638,084 0.26 $3,631,249
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,636,338 $3,636,338 0.26 $3,633,194
BX Commercial Mortgage Trust 2024-XL5 D 6.43992% 15-MAR-2041, 6.44%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,570,000 $3,579,994 $3,579,994 0.26 $3,569,137
BX Trust 2025-LUNR D 6.25012% 15-JUN-2040, 6.25%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,550,721 $3,568,931 $3,568,931 0.26 $3,558,451
DROP Mortgage Trust 2021-FILE A 5.015% 15-OCT-2043, 5.01%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,560,328 $3,560,328 0.26 $3,551,685
SCG Trust 2025-SNIP D 6.35012% 15-SEP-2042, 6.35%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,532,978 $3,532,978 0.26 $3,522,482
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.8718% 25-JUL-2048, 5.67%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,403,763 $3,521,224 $3,521,224 0.26 $3,403,748
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,529,393 $3,487,231 $3,487,231 0.25 $3,479,909
CSMC 2021-BHAR C 5.865% 15-NOV-2038, 5.87%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,428,712 $3,428,712 0.25 $3,419,167
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,404,414 $3,404,414 0.25 $3,399,570
A&D MORTGAGE TRUST 2025 NQM1 0% 70, 5.12%, 12/25/70 ADMT 2025-NQM5 00250AAC8 - - 3,340,679 $3,359,681 $3,359,681 0.24 $3,345,428
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.02419% 25-FEB-2045, 5.02%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 3,286,534 $3,287,496 $3,287,496 0.24 $3,284,744
GCAT 2025-INV5 TRUST FLT 2055 A28, 5.49%, 12/25/55 GCAT 2025-INV5 36173VBA3 - - 3,268,000 $3,270,967 $3,270,967 0.24 $3,267,979
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,137,219 $3,261,666 $3,261,666 0.24 $3,243,191
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,259,819 $3,259,819 0.24 $3,256,569
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,238,138 $3,238,138 0.24 $3,228,604
Connecticut Avenue Securities Trust 2022-R01 1B2 10.0718% 25-DEC-2041, 9.87%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 3,108,409 $3,223,401 $3,223,401 0.23 $3,218,285
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,217,300 $3,217,300 0.23 $3,211,981
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,151,287 $3,187,406 $3,187,406 0.23 $3,172,482
Amur Equipment Finance Receivables XV, Series 2025-1 D 5.68% 20-AUG-2032, 5.68%, 08/20/32 AXIS 2025-1A 03237FAE5 - - 3,129,000 $3,185,429 $3,185,429 0.23 $3,179,998
Galaxy XXVI CLO Ltd., 6.84%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,141,485 $3,175,601 $3,175,601 0.23 $3,158,280
SF ABS ISSUER 2025-1 0%55 A2, 5.38%, 11/25/55 SFARM 2025-1A 784193AA2 - - 3,250,000 $3,159,743 $3,159,743 0.23 $3,156,831
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,157,668 $3,157,668 0.23 $3,147,263
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,150,011 $3,150,011 0.23 $3,146,833
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,125,960 $3,125,960 0.23 $3,114,862
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,093,069 $3,112,027 $3,112,027 0.23 $3,095,353
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,098,946 $3,098,946 0.23 $3,086,019
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,054,836 $3,092,409 $3,092,409 0.23 $3,089,598
BX Trust 2024-BIO C 6.39012% 15-FEB-2041, 6.39%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,085,388 $3,085,388 0.22 $3,076,012
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,081,129 $3,081,129 0.22 $3,077,486
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,071,266 $3,071,266 0.22 $3,067,770
Connecticut Avenue Securities, Series 2021-R01 1B1 6.97419% 25-OCT-2041, 6.97%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,052,870 $3,052,870 0.22 $3,049,383
BFLD Commercial Mortgage Trust 2025-5MW C 5.45123% 10-OCT-2042, 5.45%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,045,498 $3,045,498 0.22 $3,031,870
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 $3,043,556 $3,043,556 0.22 $3,040,696
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 2,970,166 $3,023,420 $3,023,420 0.22 $3,013,174
FIGRE TRUST 2025-HE6 FLTG 2055 C, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 3,014,787 $3,014,143 $3,014,143 0.22 $3,000,966
SWITCH ABS ISSUER 2025-2 A2 II, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,001,034 $3,001,034 0.22 $2,998,351
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $2,995,448 $2,995,448 0.22 $2,985,875
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 $2,977,112 $2,977,112 0.22 $2,958,876
BXP Trust 2017-GM E 3.4248% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,961,523 $2,961,523 0.22 $2,952,733
SWCH Commercial Mortgage Trust 2025-DATA E 7.09034% 15-FEB-2042, 7.09%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,915,684 $2,915,684 0.21 $2,905,806
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 $2,907,937 $2,907,937 0.21 $2,900,720
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,877,795 $2,877,795 0.21 $2,863,804
SCG Commercial Mortgage Trust 2025-FLWR E 6.50012% 15-AUG-2042, 6.50%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,873,143 $2,873,143 0.21 $2,864,343
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,809,554 $2,809,554 0.20 $2,802,699
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 $2,801,270 $2,801,270 0.20 $2,786,983
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 0.00%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $2,796,649 $2,796,649 0.20 $2,796,649
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,787,034 $2,787,034 0.20 $2,777,626
Great Wolf Trust 2024-WOLF G 9.18612% 15-MAR-2039, 9.19%, 03/15/39 GWT 2024-WOLF 39152MAN5 - - 2,750,000 $2,768,817 $2,768,817 0.20 $2,756,888
BX Trust 2025-ROIC E 6.69141% 15-FEB-2042, 6.69%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,763,557 $2,763,557 0.20 $2,754,801
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,707,589 $2,738,254 $2,738,254 0.20 $2,725,868
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,698,375 $2,727,000 $2,727,000 0.20 $2,714,401
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 $2,694,960 $2,694,960 0.20 $2,691,792
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,694,552 $2,694,552 0.20 $2,686,873
UPG HI 2025-2 ISSUER TRU 0%47 B, 5.98%, 09/25/47 UPGHI 2025-2A 90321EAB8 - - 2,665,000 $2,686,800 $2,686,800 0.20 $2,670,863
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 2,605,980 $2,685,491 $2,685,491 0.20 $2,673,711
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,741,273 $2,679,242 $2,679,242 0.20 $2,677,643
MHC Commercial Mortgage Trust 2021-MHC F 6.466442% 15-APR-2038, 6.47%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,671,214 $2,671,214 0.19 $2,663,093
Di Issuer LLC, 5.90%, 12/15/55 LMDV 2025-1A 538908AC8 - - 2,652,000 $2,670,214 $2,670,214 0.19 $2,664,564
Sierra Timeshare 2025-3 Receivables Funding C 4.98% 20-AUG-2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 2,684,613 $2,669,006 $2,669,006 0.19 $2,664,921
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,623,595 $2,661,843 $2,661,843 0.19 $2,649,185
Connecticut Avenue Securities Trust 2024-R06 1M2 5.47419% 25-SEP-2044, 5.47%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,650,690 $2,650,690 0.19 $2,648,275
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,720,023 $2,644,591 $2,644,591 0.19 $2,643,004
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,596,085 $2,629,395 $2,629,395 0.19 $2,626,700
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 2,593,000 $2,585,262 $2,585,262 0.19 $2,578,704
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,745,000 $2,558,158 $2,558,158 0.19 $2,531,908
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,555,553 $2,555,553 0.19 $2,547,130
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,553,537 $2,553,537 0.19 $2,548,717
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,551,978 $2,551,978 0.19 $2,548,532
Sandstone Peak III C 6.50798% 25-APR-2037, 6.51%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,542,464 $2,542,464 0.19 $2,512,636
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,540,387 $2,540,387 0.18 $2,534,387
Western Funding Auto Loan Trust 2025-1 D 5.79% 15-JAN-2036, 5.79%, 01/15/36 WEFUN 2025-1 958250AD4 - - 2,500,000 $2,539,621 $2,539,621 0.18 $2,533,188
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 $2,537,634 $2,537,634 0.18 $2,524,662
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,531,814 $2,535,292 $2,535,292 0.18 $2,533,132
Zais CLO 11 BR 5.67444% 20-JAN-2032, 5.67%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,533,233 $2,533,233 0.18 $2,504,467
RCKTL 2025-2 0% 34, 4.95%, 11/27/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,527,442 $2,527,442 0.18 $2,506,130
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 $2,525,351 $2,525,351 0.18 $2,518,896
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,513,282 $2,513,282 0.18 $2,498,900
MTN Commercial Mortgage Trust 2022-LPFL B 5.6556% 15-MAR-2039, 5.66%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,508,234 $2,508,234 0.18 $2,501,557
BX Commercial Mortgage Trust 2024-AIR2 D 6.54045% 15-OCT-2041, 6.54%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,501,359 $2,501,359 0.18 $2,493,670
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 10.97419% 25-JAN-2042, 10.97%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,500,344 $2,500,344 0.18 $2,473,438
280 Park Avenue 2017-280P Mortgage Trust B 5.158% 15-SEP-2034, 5.16%, 09/15/34 PRK 2017-280P 90205FAG5 - - 2,500,000 $2,487,954 $2,487,954 0.18 $2,481,864
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 $2,469,130 $2,469,130 0.18 $2,467,210
FIGRE TRUST 2025-HE6 FLTG 2055 B, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 2,463,539 $2,464,403 $2,464,403 0.18 $2,453,842
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,459,191 $2,459,191 0.18 $2,455,088
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,441,270 $2,441,270 0.18 $2,431,050
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.16765% 20-MAR-2033, 6.17%, 03/21/33 HACLN 2025-1 446438SZ7 - - 2,437,596 $2,441,004 $2,441,004 0.18 $2,436,828
Westlake Automobile Receivables Trust Series 2025-P1 D 5.59% 15-JUL-2032, 5.59%, 07/15/32 WLAKE 2025-P1 96043LAG5 - - 2,379,000 $2,433,350 $2,433,350 0.18 $2,427,440
PRET 2025-RPL5 TRUST FLTG 2070 A1, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,450,580 $2,415,662 $2,415,662 0.18 $2,407,187
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,382,634 $2,399,455 $2,399,455 0.17 $2,389,213
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 $2,380,772 $2,380,772 0.17 $2,373,231
PRM7 Trust 2025-PRM7 E 6.61844% 10-NOV-2042, 6.62%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,370,459 $2,370,459 0.17 $2,357,305
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,369,838 $2,366,618 $2,366,618 0.17 $2,356,513
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,366,090 $2,366,090 0.17 $2,359,052
ALA Trust 2025-OANA D 6.84172% 15-JUN-2040, 6.84%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,349,836 $2,349,836 0.17 $2,342,298
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.4832% 15-NOV-2036, 6.48%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,338,226 $2,338,226 0.17 $2,331,081
TOWD PT MTG TR 2025-FIX2 FLTG A1, 5.25%, 10/25/65 TPMT 2025-FIX2 89183RAA0 - - 2,307,207 $2,327,014 $2,327,014 0.17 $2,316,922
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,319,615 $2,319,615 0.17 $2,316,912
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,291,495 $2,312,979 $2,312,979 0.17 $2,302,954
Connecticut Avenue Securities, Series 2021-R03 1B1 6.62419% 25-DEC-2041, 6.62%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,282,736 $2,282,736 0.17 $2,280,252
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,275,045 $2,272,260 $2,272,260 0.17 $2,262,368
BXP Trust 2017-GM D 3.4248% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,245,597 $2,245,597 0.16 $2,239,004
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,177,737 $2,208,806 $2,208,806 0.16 $2,198,141
Exeter Select Automobile Receivables Trust 2025-2 D 5.34% 15-JAN-2032, 5.34%, 01/15/32 ESART 2025-2 30185EAF0 - - 2,200,000 $2,207,503 $2,207,503 0.16 $2,202,282
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.851572% 27-SEP-2052, 0.94%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,194,405 $2,194,405 0.16 $2,192,513
GS Mortgage-Backed Securities Trust 2025-RPL3 A1 4.1% 25-JUL-2065, 4.10%, 07/25/65 GSMBS 2025-RPL3 362963AA8 - - 2,216,704 $2,177,685 $2,177,685 0.16 $2,170,112
BX Commercial Mortgage Trust 2024-GPA3 C 5.64198% 15-DEC-2039, 5.64%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,174,993 $2,174,993 0.16 $2,169,223
CONE Trust 2024-DFW1 A 5.39185% 15-AUG-2041, 5.39%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,165,000 $2,166,874 $2,166,874 0.16 $2,161,362
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 $2,156,869 $2,156,869 0.16 $2,149,218
Connecticut Avenue Securities Trust 2025-R06 1M1 4.82419% 25-SEP-2045, 4.82%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,139,654 $2,139,631 $2,139,631 0.16 $2,137,910
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,200,776 $2,138,879 $2,138,879 0.16 $2,132,919
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,165,253 $2,125,180 $2,125,180 0.15 $2,123,917
Chase Auto Credit Linked Notes, Series 2025-1 F 6.996% 25-JUN-2033, 7.00%, 02/25/33 CACLN 2025-1 46591HCW8 - - 2,084,155 $2,113,730 $2,113,730 0.15 $2,111,300
Great Wolf Trust 2024-WOLF D 6.64012% 15-MAR-2039, 6.64%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 2,103,000 $2,113,240 $2,113,240 0.15 $2,106,646
MKT 2020-525M Mortgage Trust D 2.9406% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,075,639 $2,075,639 0.15 $2,069,513
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,039,566 $2,039,566 0.15 $2,033,272
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.22419% 25-SEP-2041, 7.22%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,035,264 $2,035,264 0.15 $2,032,790
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,014,875 $2,014,875 0.15 $2,009,551
PRPM 2025-RCF5 6.7%55 A3, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,012,442 $2,012,442 0.15 $2,003,342
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $2,010,914 $2,010,914 0.15 $2,000,787
BOCA Commercial Mortgage Trust 2025-BOCA D 6.35% 15-DEC-2042, 6.35%, 12/15/42 BOCA 2025-BOCA 05619RAD4 - - 2,000,000 $2,007,084 $2,007,084 0.15 $2,002,497
Acacia 2025-1 A 5.24% 15-NOV-2037, 5.24%, 11/15/37 ACACIA 2025-1 00401PAA7 - - 1,999,954 $2,006,490 $2,006,490 0.15 $2,001,832
SMRT Commercial Mortgage Trust 2022-MINI F 7.10012% 15-JAN-2039, 7.10%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $2,001,639 $2,001,639 0.15 $1,994,849
GS MTG-BKD TRUST 2025-CES2 A1, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 1,964,368 $1,978,361 $1,978,361 0.14 $1,969,881
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,965,000 $1,975,815 $1,975,815 0.14 $1,964,685
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 8.0% 25-APR-2029, 8.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 1,938,821 $1,942,884 $1,942,884 0.14 $1,929,958
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,937,543 $1,937,543 0.14 $1,931,827
BX Commercial Mortgage Trust 2024-AIR2 C 5.99124% 15-OCT-2041, 5.99%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,931,400 $1,931,400 0.14 $1,925,972
EASY STREET MORTGAGE LN 5.606%40 A1, 5.61%, 10/25/40 EASY 2025-RTL2 27786YAA6 - - 1,900,000 $1,907,033 $1,907,033 0.14 $1,905,258
Di Issuer LLC, 7.88%, 12/15/55 LMDV 2025-1A 538908AE4 - - 1,889,000 $1,894,186 $1,894,186 0.14 $1,888,811
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,886,020 $1,886,020 0.14 $1,880,473
BX Trust 2024-BRBK B 7.67672% 15-OCT-2041, 7.66%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,868,047 $1,868,047 0.14 $1,861,355
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,846,071 $1,865,205 $1,865,205 0.14 $1,856,422
BXHPP Trust 2021-FILM C 4.965% 15-AUG-2036, 4.96%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,822,509 $1,822,509 0.13 $1,817,938
Exeter Select Automobile Receivables Trust 2025-3 D 5.54% 15-MAY-2032, 5.54%, 05/17/32 ESART 2025-3 30185FAF7 - - 1,800,000 $1,816,941 $1,816,941 0.13 $1,812,509
SoFi Consumer Loan Program 2025-3 Trust D 5.35% 25-AUG-2034, 5.35%, 08/15/34 SCLP 2025-3 83390JAD4 - - 1,800,000 $1,809,612 $1,809,612 0.13 $1,808,007
BX Trust 2021-BXMF G 7.214513% 15-OCT-2038, 7.21%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,808,134 $1,808,134 0.13 $1,801,973
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,733,795 $1,797,341 $1,797,341 0.13 $1,795,243
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,756,061 $1,789,902 $1,789,902 0.13 $1,781,546
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,760,309 $1,782,781 $1,782,781 0.13 $1,774,320
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,756,061 $1,777,709 $1,777,709 0.13 $1,769,060
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,777,063 $1,777,063 0.13 $1,771,456
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,745,982 $1,772,547 $1,772,547 0.13 $1,762,940
Extended Stay America Trust 2025-ESH F 7.85012% 15-OCT-2042, 7.85%, 10/15/42 ESA 2025-ESH 30227TAL4 - - 1,750,000 $1,768,932 $1,768,932 0.13 $1,762,445
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,764,231 $1,764,231 0.13 $1,760,077
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 $1,757,037 $1,757,037 0.13 $1,747,050
CarMax Auto Owner Trust 2025-4 D 5.11% 15-MAR-2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,755,168 $1,755,168 0.13 $1,751,194
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA5 M2 10.62419% 25-JUN-2042, 10.62%, 06/25/42 STACR 2022-DNA5 35564KYW3 - - 1,596,344 $1,743,037 $1,743,037 0.13 $1,725,334
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,738,477 $1,738,477 0.13 $1,728,992
Gracie Point International Funding, Series 2024-1 B 6.29671% 01-MAR-2028, 6.29%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,734,406 $1,734,406 0.13 $1,725,068
EFMT 2025-RTL1 0% 40, 5.57%, 11/25/40 EFMT 2025-RTL1 26846FAB5 - - 1,717,000 $1,721,836 $1,721,836 0.13 $1,720,244
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,666,653 $1,666,653 0.12 $1,662,333
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 $1,664,345 $1,664,345 0.12 $1,653,737
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 - - 1,639,867 $1,659,124 $1,659,124 0.12 $1,657,268
UMBS TBA 30yr 4% January Delivery, 4.00%, 01/14/26 FNCL 01F040610 - - 1,738,000 $1,648,477 $1,648,477 0.12 $1,648,477
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.22419% 25-DEC-2041, 6.22%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,631,149 $1,631,149 0.12 $1,620,642
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,614,316 $1,614,316 0.12 $1,608,426
Connecticut Avenue Securities Trust 2024-R05 2M1 4.87419% 25-JUL-2044, 4.87%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,601,461 $1,602,100 $1,602,100 0.12 $1,600,799
BX Commercial Mortgage Trust 2024-WPT D 6.43982% 15-APR-2041, 6.44%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,584,256 $1,584,256 0.12 $1,579,452
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.51765% 20-OCT-2032, 6.52%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 1,573,080 $1,582,215 $1,582,215 0.12 $1,579,367
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,584,869 $1,581,656 $1,581,656 0.12 $1,580,336
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,563,965 $1,563,965 0.11 $1,559,754
ExteNet Issuer, Series 2024-1 C_241 9.05% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,548,626 $1,548,626 0.11 $1,546,364
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 $1,535,546 $1,535,546 0.11 $1,530,966
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,524,213 $1,526,638 $1,526,638 0.11 $1,520,490
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,523,770 $1,523,770 0.11 $1,520,464
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,506,727 $1,522,800 $1,522,800 0.11 $1,515,717
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 $1,522,545 $1,522,545 0.11 $1,518,115
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,485,000 $1,516,898 $1,516,898 0.11 $1,506,258
Gracie Point International Funding, Series 2025-1 C 6.73385% 15-AUG-2028, 6.77%, 08/15/28 GPIF 2025-1A 38411WAC6 - - 1,500,000 $1,515,882 $1,515,882 0.11 $1,502,386
DC Trust 2024-HLTN C 7.036% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,512,944 $1,512,944 0.11 $1,504,149
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 1,503,515 $1,510,879 $1,510,879 0.11 $1,506,489
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 $1,507,552 $1,507,552 0.11 $1,503,099
Santander Bank Auto Credit-Linked Notes, Series 2025-A E 6.274% 15-JAN-2034, 6.27%, 01/16/34 SBCLN 2025-A 80290CCU6 - - 1,500,000 $1,506,990 $1,506,990 0.11 $1,503,330
JW Commercial Mortgage Trust 2024-MRCO C 6.14017% 15-JUN-2039, 6.14%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,506,955 $1,506,955 0.11 $1,502,606
SALUDA GR ALT MTG TR 25 RRTL1 A1, 5.32%, 10/25/40 GRADE 2025-RRTL1 79582NAA7 - - 1,500,000 $1,506,594 $1,506,594 0.11 $1,499,944
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,488,591 $1,501,644 $1,501,644 0.11 $1,495,259
Flagship Credit Auto Trust 2021-1 D 1.27% 15-MAR-2027, 1.27%, 03/15/27 FCAT 2021-1 33843WAG6 - - 1,488,975 $1,476,952 $1,476,952 0.11 $1,476,112
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 $1,470,235 $1,470,235 0.11 $1,459,743
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,463,650 $1,463,650 0.11 $1,463,650
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,429,002 $1,443,922 $1,443,922 0.11 $1,437,244
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.06765% 20-MAY-2032, 7.07%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,428,965 $1,443,503 $1,443,503 0.11 $1,440,697
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,435,205 $1,435,205 0.10 $1,433,780
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,420,673 $1,420,673 0.10 $1,418,719
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - - 1,411,546 $1,412,835 $1,412,835 0.10 $1,409,030
Western Funding Auto Loan Trust 2025-1 C 5.34% 15-NOV-2035, 5.34%, 11/15/35 WEFUN 2025-1 958250AC6 - - 1,389,000 $1,401,594 $1,401,594 0.10 $1,398,297
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,379,728 $1,392,542 $1,392,542 0.10 $1,386,243
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,369,679 $1,369,679 0.10 $1,369,664
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,312,220 $1,359,874 $1,359,874 0.10 $1,355,836
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 A1_2020_1 10.84% 15-JUL-2060, 1.69%, 07/15/60 SORT 2020-1 12530MAA3 - - 1,577,877 $1,329,873 $1,329,873 0.10 $1,328,688
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,277,032 $1,301,378 $1,301,378 0.09 $1,299,135
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,272,292 $1,279,147 $1,279,147 0.09 $1,273,582
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,262,447 $1,278,750 $1,278,750 0.09 $1,272,961
FOUNDATION FINANCE TRUST 20 5.71% 52, 5.71%, 08/15/52 FFIN 2025-3A 35042TAD4 - - 1,275,000 $1,275,851 $1,275,851 0.09 $1,272,616
Great Wolf Trust 2024-WOLF C 6.14112% 15-MAR-2039, 6.14%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,266,563 $1,266,563 0.09 $1,262,909
COMM 2024-WCL1 Mortgage Trust C 6.64% 17-JUN-2041, 6.64%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,255,318 $1,255,318 0.09 $1,251,399
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,228,076 $1,255,227 $1,255,227 0.09 $1,250,638
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,178,287 $1,249,599 $1,249,599 0.09 $1,245,341
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 $1,229,469 $1,229,469 0.09 $1,226,131
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 $1,226,314 $1,226,314 0.09 $1,222,879
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 $1,188,586 $1,188,586 0.09 $1,184,052
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,187,350 $1,187,350 0.09 $1,185,608
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,252,974 $1,185,626 $1,185,626 0.09 $1,182,494
MTN Commercial Mortgage Trust 2022-LPFL D 6.7028% 15-MAR-2039, 6.70%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,182,282 $1,182,282 0.09 $1,178,563
Santander Bank Auto Credit-Linked Notes, Series 2025-A F 7.343% 15-JAN-2034, 7.34%, 01/16/34 SBCLN 2025-A 80290CCV4 - - 1,172,000 $1,177,926 $1,177,926 0.09 $1,174,580
Connecticut Avenue Securities Trust 2022-R02 2M2 6.87419% 25-JAN-2042, 6.87%, 01/25/42 CAS 2022-R02 20754BAB7 - - 1,149,112 $1,171,222 $1,171,222 0.09 $1,169,905
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,162,017 $1,171,039 $1,171,039 0.09 $1,167,590
OCEANVIEW MORTGAGE TRUST 4.99888% 55, 4.77%, 12/25/55 BVINV 2025-4 67647DAU3 - - 1,156,176 $1,157,093 $1,157,093 0.08 $1,156,173
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,127,174 $1,136,470 $1,136,470 0.08 $1,131,260
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,103,916 $1,123,979 $1,123,979 0.08 $1,120,036
MKT 2020-525M Mortgage Trust F 2.9406% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,120,712 $1,120,712 0.08 $1,116,935
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,105,504 $1,117,553 $1,117,553 0.08 $1,112,571
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 1,101,722 $1,104,176 $1,104,176 0.08 $1,099,774
BX Trust 2024-VLT4 D 6.190172% 15-JUN-2041, 6.19%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,100,091 $1,100,091 0.08 $1,096,876
BX Trust 2024-CNYN C 5.69128% 15-APR-2041, 5.69%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,081,816 $1,085,735 $1,085,735 0.08 $1,082,828
MS RES MTG LN TR 2025-SPL1 A1, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,092,678 $1,071,795 $1,071,795 0.08 $1,067,925
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.41765% 20-MAR-2033, 7.42%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,053,507 $1,055,668 $1,055,668 0.08 $1,053,498
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,054,723 $1,054,723 0.08 $1,050,799
Connecticut Avenue Securities Trust 2025-R01 1M2 5.37419% 25-JAN-2045, 5.37%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,054,226 $1,054,226 0.08 $1,053,282
LIFE 2021-BMR Mortgage Trust E 5.615% 15-MAR-2038, 5.61%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,046,639 $1,046,639 0.08 $1,043,855
RCKT Mortgage Trust 2025-CES10 A1A 4.894% 25-OCT-2055, 4.89%, 11/25/55 RCKT 2025-CES10 74939LAA2 - - 1,040,812 $1,045,197 $1,045,197 0.08 $1,040,952
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 $1,036,830 $1,036,830 0.08 $1,033,532
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,026,547 $1,026,547 0.07 $1,023,050
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,025,428 $1,025,428 0.07 $1,021,872
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.52419% 25-NOV-2041, 7.52%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,024,925 $1,024,925 0.07 $1,023,671
MHC Commercial Mortgage Trust 2021-MHC G 7.066442% 15-APR-2038, 7.07%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,024,587 $1,024,587 0.07 $1,021,183
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 955,799 $1,023,588 $1,023,588 0.07 $1,019,722
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 $1,019,378 $1,019,378 0.07 $1,013,400
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,017,754 $1,017,754 0.07 $1,014,974
United Auto Credit Securitization Trust 2024-1 C 7.06% 10-OCT-2029, 7.06%, 10/10/29 UACST 2024-1 90945DAC4 - - 1,008,708 $1,016,669 $1,016,669 0.07 $1,012,515
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 $1,015,864 $1,015,864 0.07 $1,011,022
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 7.91765% 20-OCT-2032, 7.92%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,000,545 $1,012,684 $1,012,684 0.07 $1,010,483
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 $1,010,795 $1,010,795 0.07 $1,009,837
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 $1,004,729 $1,004,729 0.07 $1,002,312
MTN Commercial Mortgage Trust 2022-LPFL F 9.045169% 15-MAR-2039, 9.05%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,003,233 $1,003,233 0.07 $998,961
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $1,000,920 $1,000,920 0.07 $998,010
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 966,401 $990,362 $990,362 0.07 $989,275
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.32419% 25-OCT-2044, 5.32%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $990,253 $990,253 0.07 $989,375
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 968,072 $990,151 $990,151 0.07 $985,506
FHF Issuer Trust 2024-2 (First Help Financial) A2 5.89% 15-JUN-2030, 5.89%, 06/15/30 FHF 2024-2A 30336NAC5 - - 970,765 $980,595 $980,595 0.07 $978,054
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 963,869 $953,629 $953,629 0.07 $950,416
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA3 M2 8.22419% 25-APR-2042, 8.42%, 04/25/42 STACR 2022-DNA3 35564KVE6 - - 888,100 $931,057 $931,057 0.07 $924,617
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $920,734 $920,734 0.07 $917,566
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $910,649 $910,649 0.07 $909,900
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 5.92419% 25-DEC-2031, 5.92%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 834,529 $888,148 $888,148 0.06 $839,234
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 0.00%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $877,856 $877,856 0.06 $877,856
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 866,331 $852,430 $852,430 0.06 $851,925
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $843,363 $843,363 0.06 $842,630
Connecticut Avenue Securities Trust 2022-R07 1M2 8.7218% 25-JUN-2042, 8.52%, 06/25/42 CAS 2022-R07 20754MCB1 - - 783,000 $824,591 $824,591 0.06 $823,478
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.07%, 05/25/45 CAS 2025-R04 20755TAB7 - - 738,030 $819,694 $819,694 0.06 $738,723
Santander Bank Auto Credit-Linked Notes, Series 2024-B G 12.231% 15-DEC-2032, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 799,679 $812,443 $812,443 0.06 $808,096
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 799,679 $811,606 $811,606 0.06 $808,450
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 808,917 $811,536 $811,536 0.06 $809,138
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 $808,955 $808,955 0.06 $805,056
BXHPP Trust 2021-FILM A 4.515% 15-AUG-2036, 4.51%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $793,753 $793,753 0.06 $792,005
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $774,409 $774,409 0.06 $771,779
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.39348% 25-OCT-2057, 8.20%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 718,870 $763,734 $763,734 0.06 $762,752
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 739,278 $762,010 $762,010 0.06 $735,003
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $757,432 $757,432 0.06 $755,112
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 5.67419% 25-JUN-2047, 5.67%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 748,701 $752,693 $752,693 0.05 $748,297
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 739,278 $749,822 $749,822 0.05 $748,290
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.62419% 25-JUN-2047, 6.62%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 727,309 $748,021 $748,021 0.05 $743,083
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 723,425 $725,774 $725,774 0.05 $725,135
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 $725,334 $725,334 0.05 $724,265
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 710,070 $725,149 $725,149 0.05 $722,325
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $715,101 $715,101 0.05 $712,565
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $704,283 $704,283 0.05 $703,671
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $703,413 $703,413 0.05 $701,270
Flagship Credit Auto Trust 2022-1 C 3.06% 15-MAR-2028, 3.06%, 03/15/28 FCAT 2022-1 33845VAE1 - - 703,374 $700,582 $700,582 0.05 $699,625
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 0.00%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $658,400 $658,400 0.05 $658,400
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 624,707 $640,460 $640,460 0.05 $635,639
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 624,707 $637,294 $637,294 0.05 $633,618
Ally Bank Auto Credit-Linked Notes, Series 2025-A F 6.942% 15-JUN-2033, 6.94%, 06/15/33 ABCLN 2025-A 02007G5J8 - - 622,741 $626,218 $626,218 0.05 $624,296
Gracie Point International Funding, Series 2024-1 D 11.34671% 01-MAR-2028, 11.34%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $606,912 $606,912 0.04 $601,053
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.47419% 25-DEC-2031, 7.47%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 590,190 $596,421 $596,421 0.04 $595,686
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 587,428 $595,462 $595,462 0.04 $592,365
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 582,375 $589,171 $589,171 0.04 $587,390
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $566,799 $566,799 0.04 $566,051
Mello Warehouse Securitization Trust 2024-1 F 8.98173% 25-OCT-2057, 8.98%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $545,689 $545,689 0.04 $540,721
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $536,734 $536,734 0.04 $534,428
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 7.16765% 20-SEP-2033, 7.17%, 09/20/33 HACLN 2025-2 44644NAR0 - - 529,781 $531,236 $531,236 0.04 $530,181
TYSN 2023-CRNR Mortgage Trust A 6.579745% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $528,642 $528,642 0.04 $525,900
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $521,834 $521,834 0.04 $520,023
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 $513,733 $513,733 0.04 $512,319
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 $513,720 $513,720 0.04 $512,363
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $513,571 $513,571 0.04 $512,311
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $512,679 $512,679 0.04 $511,312
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $511,904 $511,904 0.04 $510,564
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $511,387 $511,387 0.04 $510,098
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $509,505 $509,505 0.04 $508,207
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.16765% 20-MAY-2032, 9.17%, 05/20/32 HACLN 2024-1 44644NAD1 - - 494,642 $509,207 $509,207 0.04 $507,948
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $508,823 $508,823 0.04 $507,361
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $504,433 $504,433 0.04 $501,095
Gracie Point International Funding, Series 2024-1 C 7.69671% 01-MAR-2028, 7.69%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $503,691 $503,691 0.04 $500,380
Connecticut Avenue Securities Trust 2022-R07 1B2 16.0718% 25-JUN-2042, 15.87%, 06/25/42 CAS 2022-R07 20754MAL1 - - 432,557 $503,643 $503,643 0.04 $496,512
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $502,438 $502,438 0.04 $500,907
New Economy Assets - Phase 1 Issuer, Series 2021-1 A1_2021_1 1.91% 20-OCT-2061, 1.91%, 10/20/61 USRE 2021-1 643821AA9 - - 615,000 $502,318 $502,318 0.04 $501,960
Connecticut Avenue Securities, Series 2021-R01 1M2 5.42419% 25-OCT-2041, 5.42%, 10/25/41 CAS 2021-R01 20754RAB2 - - 488,923 $490,002 $490,002 0.04 $489,560
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 474,380 $489,883 $489,883 0.04 $487,797
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 488,479 $484,816 $484,816 0.04 $483,781
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 510,900 $475,555 $475,555 0.03 $474,383
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $462,433 $462,433 0.03 $460,733
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 435,940 $438,448 $438,448 0.03 $437,452
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $426,486 $426,486 0.03 $425,076
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $409,881 $409,881 0.03 $408,677
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 400,428 $401,947 $401,947 0.03 $400,561
BAMLL Re-REMIC Trust 2024-FRR4 E 0.0% 27-NOV-2048, 0.01%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $398,144 $398,144 0.03 $397,905
BAMLL Re-REMIC Trust 2024-FRR4 F 0.0% 27-JAN-2026, 0.01%, 11/27/48 BAMLL 05493VAL8 - - 399,958 $397,579 $397,579 0.03 $397,576
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 $386,161 $386,161 0.03 $385,054
Santander Bank Auto Credit-Linked Notes, Series 2023-B F 12.24% 15-DEC-2033, 12.24%, 12/15/33 SBCLN 2023-B 80290CCF9 - - 368,423 $386,107 $386,107 0.03 $384,103
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.39348% 25-OCT-2057, 7.20%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 367,702 $382,550 $382,550 0.03 $382,109
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 372,388 $379,559 $379,559 0.03 $378,248
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $371,044 $371,044 0.03 $369,426
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 0.00%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $369,263 $369,263 0.03 $369,263
FHF Trust 2023-1 (First Help Financial) A2 6.57% 15-JUN-2028, 6.57%, 06/15/28 FHF 2023-1A 30331GAC5 - - 364,017 $367,308 $367,308 0.03 $366,245
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 - - 390,932 $348,785 $348,785 0.03 $348,521
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 335,397 $346,032 $346,032 0.03 $345,186
Connecticut Avenue Securities Trust 2023-R05 1B1 8.62419% 25-JUN-2043, 8.62%, 06/25/43 CAS 2023-R05 207942AC7 - - 310,000 $331,799 $331,799 0.02 $331,354
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $324,128 $324,128 0.02 $323,746
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $319,209 $319,209 0.02 $318,102
BX Commercial Mortgage Trust 2024-MF C 5.69102% 15-FEB-2039, 5.69%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $310,758 $310,758 0.02 $309,925
Compass Datacenters Issuer II, Series 2024-1 A1_2401 5.25% 25-FEB-2049, 5.25%, 02/25/49 CMPDC 2024-1A 20469AAA7 - - 300,000 $301,830 $301,830 0.02 $301,567
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 $301,465 $301,465 0.02 $300,066
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 287,776 $300,731 $300,731 0.02 $299,101
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $300,016 $300,016 0.02 $298,703
CSMC 2021-BHAR E 7.365% 15-NOV-2038, 7.37%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $296,569 $296,569 0.02 $295,526
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.6218% 25-FEB-2050, 5.42%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 289,130 $284,337 $284,337 0.02 $284,076
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 270,601 $274,418 $274,418 0.02 $273,582
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 $255,703 $255,703 0.02 $254,840
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 $250,252 $250,252 0.02 $249,412
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 245,615 $250,154 $250,154 0.02 $249,426
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 247,649 $249,735 $249,735 0.02 $248,390
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $249,710 $249,710 0.02 $248,906
BXHPP Trust 2021-FILM B 4.765% 15-AUG-2036, 4.76%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $236,169 $236,169 0.02 $235,606
Santander Bank Auto Credit-Linked Notes, Series 2024-B E 6.799% 15-DEC-2032, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 222,133 $224,238 $224,238 0.02 $223,567
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 216,067 $216,875 $216,875 0.02 $216,175
Cyrusone Data Centers Issuer I, Series 2023-1 B_2301 5.45% 20-APR-2048, 5.45%, 04/20/48 CYRUS 2023-1A 23284BAC8 - - 218,055 $216,864 $216,864 0.02 $216,501
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $205,390 $205,390 0.01 $204,415
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,556 $204,556 0.01 $203,713
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 201,886 $202,773 $202,773 0.01 $202,596
Readycap Lending Small Business Loan Trust 2023-3 A 6.82% 25-APR-2048, 6.82%, 04/25/48 RCLT 75576AAA1 - - 192,470 $193,981 $193,981 0.01 $193,762
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 155,015 $158,815 $158,815 0.01 $158,465
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $158,759 $158,759 0.01 $158,659
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 148,815 $149,325 $149,325 0.01 $149,115
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 187,223 $146,254 $146,254 0.01 $146,211
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 121,604 $125,409 $125,409 0.01 $124,382
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.16%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 123,309 $122,531 $122,531 0.01 $122,001
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 103,840 $104,683 $104,683 0.01 $104,411
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $101,860 $101,860 0.01 $101,789
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $101,023 $101,023 0.01 $100,954
Ginnie Mae REMIC Trust 2005-065 FA 4.22432% 20-AUG-2035, 4.00%, 08/20/35 GNR 2005-65 38374LL25 - - 97,383 $96,303 $96,303 0.01 $96,184
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $94,253 $94,253 0.01 $94,184
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 - - 75,880 $76,770 $76,770 0.01 $76,518
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $72,556 $72,556 0.01 $72,498
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 - - 53,943 $54,988 $54,988 0.00 $54,900
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 51,151 $51,142 $51,142 0.00 $51,075
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 48,000 $47,197 $47,197 0.00 $47,085
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 47,217 $47,052 $47,052 0.00 $46,901
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.52419% 25-JAN-2034, 5.52%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 46,635 $46,808 $46,808 0.00 $46,765
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 26,145 $26,325 $26,325 0.00 $26,297
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 16,098 $16,110 $16,110 0.00 $16,090
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 12,757 $12,798 $12,798 0.00 $12,769
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 4,662 $4,690 $4,690 0.00 $4,669
US 2YR NOTE (CBT) Mar26 MAR 26 TUH6 FUTURES_USD - 2,419 $505,060,741 $0 0.00 $0
US 10YR NOTE (CBT)Mar26 MAR 26 TYH6 FUTURES_USD - -124.00 $-13,942,250 $0 0.00 $0
US 10yr Ultra Fut Mar26 MAR 26 UXYH6 FUTURES_USD - -294.00 $-33,814,594 $0 0.00 $0
US ULTRA BOND CBT Mar26 MAR 26 WNH6 FUTURES_USD - -109.00 $-12,862,000 $0 0.00 $0
US 5YR NOTE (CBT) Mar26 MAR 26 FVH6 FUTURES_USD - 1,594 $174,231,673 $0 0.00 $0
UMBS TBA 30yr 2.5% January Delivery, 2.50%, 01/14/26 FNCL 01F022618 - - -189,990,000 $-160,703,801 $-160,703,801 -11.70 $-160,703,801
SEGREGATED CASH SEGCASH - $0.00 5,220,000 $5,220,000 $5,220,000 0.38 $5,220,000
US DOLLARS USD MD_142224 - - -273,039,658 $-273,039,658 $-273,039,658 -19.88 $-273,039,658
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $120,862,500 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $120,606,250 $0 0.00 $0
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,390,625 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $121,056,250 $0 0.00 $0
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,732,198 $-10,648 0.00 $-10,648
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,560,256 $-73,642 -0.01 $-73,642
PGIM AAA CLO ETF 05/07/26 PAAA US 69344A834 $51.33 1,169,022 $59,924,068 $-75,986 -0.01 $-75,986
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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