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 November 6, 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% November Delivery, 2.50%, 11/20/25 G2SF 21H0226B2 - - 136,700,000 $118,530,109 $118,530,109 9.21 $118,530,109
UMBS TBA 30yr 6.5% December Delivery, 6.50%, 12/11/25 FNCL 01F0626C0 - - 60,613,000 $62,787,188 $62,787,188 4.88 $62,787,188
UMBS TBA 30yr 3.5% December Delivery, 3.50%, 12/11/25 FNCL 01F0326C3 - - 30,930,000 $28,504,253 $28,504,253 2.22 $28,504,253
UMBS TBA 30yr 4.5% December Delivery, 4.50%, 12/11/25 FNCL 01F0426C2 - - 25,880,000 $25,230,076 $25,230,076 1.97 $25,230,076
UMBS TBA 30yr 3% December Delivery, 3.00%, 12/11/25 FNCL 01F0306C7 - - 25,640,000 $22,722,168 $22,722,168 1.77 $22,722,168
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.83279% 25-FEB-2045, 5.83%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,859,425 $16,859,425 1.32 $16,829,457
Fannie Mae REMIC Trust 2025-12 FC 5.45603% 25-MAR-2055, 5.28%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,816,584 $12,867,017 $12,867,017 1.01 $12,844,448
CENT Trust 2025-CITY A 5.090927% 10-JUL-2040, 4.92%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,848,085 $12,848,085 1.01 $12,785,921
ALA Trust 2025-OANA A 5.77563% 15-JUN-2040, 5.78%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,132,206 $12,132,206 0.95 $12,087,728
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,818,440 $11,874,096 $11,874,096 0.93 $11,806,388
Freddie Mac Multiclass Certificates, Series 5544 FC 5.35603% 25-JUN-2055, 5.18%, 06/25/55 FHR 5544 3137HLNP3 - - 11,659,739 $11,722,872 $11,722,872 0.92 $11,702,729
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 10,863,417 $11,022,346 $11,022,346 0.87 $10,961,946
AB BSL CLO 1 Ltd|5.46673|10/15/2038, 5.47%, 10/15/38 ABBSL 2020-1A 00038KBL4 - - 11,000,000 $11,006,344 $11,006,344 0.86 $11,003,003
BX Commercial Mortgage Trust 2024-XL4 A 5.4742% 15-FEB-2039, 5.47%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,655,494 $10,655,494 0.84 $10,618,372
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,306,458 $10,306,458 0.81 $10,266,845
WB Commercial Mortgage Trust 2024-HQ A 6.134383% 16-MAR-2040, 5.94%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,055,789 $10,055,789 0.79 $9,996,424
BX Trust 2025-VLT7 E 7.78217% 15-JUL-2044, 7.78%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $10,052,990 $10,052,990 0.79 $10,003,439
BX Trust 2024-FNX A 5.47447% 15-NOV-2041, 5.47%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,930,436 $9,930,436 0.78 $9,895,835
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 9,295,479 $9,381,015 $9,381,015 0.74 $9,328,951
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,635,886 $8,635,886 0.68 $8,603,703
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,320,976 $8,320,976 0.66 $8,300,066
PMT LOAN TRUST 2025-J3 FLTG 2056 A3, 5.71%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 8,028,000 $8,059,945 $8,059,945 0.64 $8,044,652
Radian Mortgage Capital Trust 2025-J4|5.73078|03/25/2056, 5.73%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 8,017,000 $8,031,614 $8,031,614 0.63 $8,016,221
OBX 2025-J3 TRUST FLTG 2055 AF, 5.68%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,915,703 $7,930,497 $7,930,497 0.63 $7,915,502
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $7,799,227 $7,799,227 0.62 $7,783,603
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 7,650,000 $7,701,687 $7,701,687 0.61 $7,687,724
WULF Compute LLC 7.75% 15-OCT-2030, 7.75%, 10/15/30 WULF 982911AA7 - - 7,439,000 $7,693,285 $7,693,285 0.61 $7,670,865
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,545,795 $7,545,795 0.60 $7,520,128
Extended Stay America Trust 2025-ESH B 5.75% 15-OCT-2042, 5.75%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,536,811 $7,536,811 0.59 $7,515,249
HILT 2025-NVIL A 5.77517% 15-JUL-2042, 5.78%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,442,570 $7,442,570 0.59 $7,415,266
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 7.93279% 25-FEB-2042, 7.93%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 7,158,664 $7,410,420 $7,410,420 0.59 $7,393,068
Connecticut Avenue Securities Trust 2025-R01 1M1 5.28279% 25-JAN-2045, 5.28%, 01/25/45 CAS 2025-R01 20755JAB9 - - 7,305,719 $7,318,574 $7,318,574 0.58 $7,306,781
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $7,224,874 $7,224,874 0.57 $7,184,003
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,213,554 $7,213,554 0.57 $7,168,302
BLP Commercial Mortgage Trust 2024-IND2 A 5.37432% 15-MAR-2041, 5.37%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,907,463 $6,930,874 $6,930,874 0.55 $6,907,156
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,913,754 $6,913,754 0.55 $6,888,593
KRE Commercial Mortgage Trust 2025-AIP4 A 5.33217% 15-MAR-2042, 5.33%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,900,207 $6,900,207 0.55 $6,876,694
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.28279% 25-SEP-2041, 6.28%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 6,717,256 $6,781,366 $6,781,366 0.54 $6,768,471
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.68279% 25-OCT-2041, 11.68%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,648,697 $6,648,697 0.53 $6,582,117
Cipher Compute LLC|7.125|11/15/2030, 7.12%, 11/15/30 CIFR 17253NAA5 - - 6,464,000 $6,549,545 $6,549,545 0.52 $6,549,545
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.43279% 25-SEP-2041, 10.43%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 6,288,000 $6,537,398 $6,537,398 0.52 $6,517,353
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,484,005 $6,484,005 0.51 $6,463,981
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.35551% 25-OCT-2057, 6.36%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,230,876 $6,437,152 $6,437,152 0.51 $6,425,052
Connecticut Avenue Securities, Series 2021-R03 1M2 5.83279% 25-DEC-2041, 5.83%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,261,656 $6,261,656 0.50 $6,250,572
SMRT Commercial Mortgage Trust 2022-MINI D 5.98217% 15-JAN-2039, 5.98%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 6,250,000 $6,245,505 $6,245,505 0.49 $6,221,615
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,178,151 $6,051,369 $6,051,369 0.48 $6,026,656
BX Trust 2025-TAIL D 6.48217% 15-JUN-2035, 6.48%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,014,337 $6,014,337 0.48 $5,989,488
HPEFS EQUIPMENT TRUST 2025-2 0% 33, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $6,005,661 $6,005,661 0.48 $5,993,736
BX Trust 2024-CNYN D 6.72226% 15-APR-2041, 6.72%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,942,296 $5,977,996 $5,977,996 0.47 $5,952,475
FS Commercial Mortgage Trust 2023-4SZN D 9.382749% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,951,350 $5,951,350 0.47 $5,899,139
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 5,981,209 $5,862,280 $5,862,280 0.46 $5,837,458
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 5,517,000 $5,603,434 $5,603,434 0.44 $5,593,431
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,453,193 $5,543,298 $5,543,298 0.44 $5,531,401
PRPM 2025-RCF5 5.31%55 A2, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,527,182 $5,527,182 0.44 $5,473,640
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.68279% 25-MAY-2045, 5.68%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,515,581 $5,515,581 0.44 $5,506,012
FHLMC STACR REMIC TR 2025-DNA3 M1, 5.28%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 5,436,739 $5,445,701 $5,445,701 0.43 $5,436,925
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,416,922 $5,416,922 0.43 $5,397,174
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 5.98279% 25-NOV-2041, 5.98%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,327,532 $5,327,532 0.42 $5,317,890
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,244,786 $5,289,118 $5,289,118 0.42 $5,260,351
BX Commercial Mortgage Trust 2021-VOLT E 6.147% 15-SEP-2036, 6.15%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,166,760 $5,179,432 $5,179,432 0.41 $5,159,142
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,177,008 $5,177,008 0.41 $5,164,182
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.68%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,175,965 $5,175,965 0.41 $5,166,991
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 5,062,127 $5,154,267 $5,154,267 0.41 $5,124,851
NYC Commercial Mortgage Trust 2025-1155 D 7.603267% 10-JUN-2042, 7.36%, 06/10/42 NYC 2025-1155 67122BAE7 - - 5,000,000 $5,133,830 $5,133,830 0.41 $5,127,698
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.98279% 25-NOV-2041, 11.98%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,106,408 $5,106,408 0.41 $5,088,833
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $5,090,319 $5,090,319 0.41 $5,080,726
Ares LXXI CLO A2 5.58444% 20-APR-2037, 5.99%, 04/20/37 ARES 2024-71A 04020MAC3 - - 5,000,000 $5,028,569 $5,028,569 0.40 $5,014,418
SALUDA GR ALT MTG TR 2025-LOC5 A1B, 5.79%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,010,510 $5,010,510 0.40 $5,001,663
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $5,009,538 $5,009,538 0.40 $4,993,985
Chase Auto Credit Linked Notes, Series 2025-1 E 6.024% 25-JUN-2033, 6.02%, 02/25/33 CACLN 2025-1 46591HCV0 - - 5,018,085 $5,008,066 $5,008,066 0.40 $4,997,989
GoldenTree Loan Management US CLO 27 Ltd|5.321|01/20/2039, 5.32%, 01/20/39 GLM 2025-27A 38140AAE8 - - 5,000,000 $5,000,000 $5,000,000 0.40 $5,000,000
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 4,940,434 $4,972,441 $4,972,441 0.40 $4,961,954
Ally Bank Auto Credit-Linked Notes Series 2025-B|6.164|09/15/2033, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - - 4,960,000 $4,963,571 $4,963,571 0.40 $4,963,571
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 $4,946,560 $4,946,560 0.39 $4,937,800
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 4,926,995 $4,945,502 $4,945,502 0.39 $4,921,024
Fannie Mae REMIC Trust 2025-9 FA 5.55603% 25-MAR-2055, 5.38%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,872,517 $4,899,297 $4,899,297 0.39 $4,890,555
SCG Commercial Mortgage Trust 2025-DLFN E 6.98217% 15-MAR-2035, 6.98%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,897,919 $4,897,919 0.39 $4,876,043
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,600,000 $4,771,677 $4,771,677 0.38 $4,697,844
BX Commercial Mortgage Trust 2024-MF D 6.72199% 15-FEB-2039, 6.72%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,764,084 $4,764,084 0.38 $4,743,739
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.33279% 25-FEB-2045, 5.33%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 4,735,500 $4,744,552 $4,744,552 0.38 $4,736,835
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,681,513 $4,681,513 0.37 $4,659,913
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.60551% 25-OCT-2057, 6.61%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,501,071 $4,649,366 $4,649,366 0.37 $4,640,282
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - - 4,602,729 $4,616,714 $4,616,714 0.37 $4,606,270
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,613,944 $4,613,944 0.37 $4,577,679
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,599,588 $4,599,588 0.37 $4,590,590
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,597,300 $4,597,300 0.37 $4,576,812
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 $4,544,826 $4,544,826 0.36 $4,531,026
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,477,772 $4,532,616 $4,532,616 0.36 $4,521,574
NRTH Commercial Mortgage Trust 2025-PARK B 5.79292% 15-OCT-2040, 5.79%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,514,403 $4,514,403 0.36 $4,497,748
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,483,275 $4,508,108 $4,508,108 0.36 $4,482,222
Great Wolf Trust 2024-WOLF D 6.92217% 15-MAR-2039, 6.92%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 4,425,000 $4,467,266 $4,467,266 0.36 $4,447,697
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 4,408,527 $4,451,900 $4,451,900 0.36 $4,427,653
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 $4,410,109 $4,410,109 0.35 $4,400,634
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 $4,380,208 $4,380,208 0.35 $4,363,447
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 8.0% 25-APR-2029, 8.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 4,358,471 $4,372,047 $4,372,047 0.35 $4,337,179
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,287,449 $4,356,741 $4,356,741 0.35 $4,332,359
TOWD POINT MORTGAGE TRUS 5.98666% 65, 5.83%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,318,627 $4,318,627 0.35 $4,309,695
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 $4,308,340 $4,308,340 0.34 $4,270,442
COMM 2024-WCL1 Mortgage Trust D 7.322% 17-JUN-2041, 7.32%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 4,250,000 $4,285,624 $4,285,624 0.34 $4,265,745
IRV Trust 2025-200P C 5.921382% 14-MAR-2047, 5.73%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,273,788 $4,273,788 0.34 $4,249,721
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,238,664 $4,261,803 $4,261,803 0.34 $4,238,630
MTN Commercial Mortgage Trust 2022-LPFL A 5.4369% 15-MAR-2039, 5.44%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,254,938 $4,254,938 0.34 $4,240,210
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 4,040,281 $4,200,761 $4,200,761 0.34 $4,173,619
BX Trust 2024-VLT4 E 6.921574% 15-JUN-2041, 6.92%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,167,062 $4,167,062 0.33 $4,148,723
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,118,240 $4,118,240 0.33 $4,104,761
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA1 M2 9.43279% 25-MAR-2042, 9.43%, 03/25/42 STACR 2022-HQA1 35564KTJ8 - - 3,856,000 $4,071,493 $4,071,493 0.33 $4,060,379
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 4,002,961 $4,057,103 $4,057,103 0.32 $4,033,010
BX Trust 2024-BRBK A 6.91181% 15-OCT-2041, 6.91%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,041,399 $4,041,399 0.32 $4,023,772
Affirm Asset Securitization Trust 2025-X2|5.23|10/15/2030, 5.23%, 10/15/30 AFFRM 2025-X2 00835DAD4 - - 4,000,000 $4,001,119 $4,001,119 0.32 $4,001,119
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 4,057,488 $3,977,827 $3,977,827 0.32 $3,968,211
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.35603% 25-DEC-2041, 11.18%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 3,719,000 $3,934,829 $3,934,829 0.32 $3,922,122
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,861,055 $3,919,022 $3,919,022 0.31 $3,897,192
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,900,050 $3,917,118 $3,917,118 0.31 $3,904,613
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,897,472 $3,910,383 $3,910,383 0.31 $3,890,908
BX Trust 2025-LUNR D 6.53217% 15-JUN-2040, 6.53%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,822,340 $3,843,718 $3,843,718 0.31 $3,827,766
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,793,903 $3,793,903 0.30 $3,786,684
BMP Commercial Mortgage Trust 2024-MF23 D 6.42266% 15-JUN-2041, 6.42%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,767,995 $3,767,995 0.30 $3,752,607
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 $3,767,160 $3,767,160 0.30 $3,739,249
FREMF 2023-K511 Mortgage Trust C 5.822334% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,754,768 $3,754,768 0.30 $3,751,012
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,746,930 $3,746,930 0.30 $3,738,966
BX Trust 2021-MFM1 E 6.397% 15-JAN-2034, 6.40%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 3,733,520 $3,746,460 $3,746,460 0.30 $3,731,203
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.38%, 05/25/45 CAS 2025-R04 20755TAB7 - - 3,705,231 $3,716,848 $3,716,848 0.30 $3,710,754
Extended Stay America Trust 2025-ESH D 6.75% 15-OCT-2042, 6.75%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,712,885 $3,712,885 0.30 $3,700,482
Extended Stay America Trust 2025-ESH E 7.5% 15-OCT-2042, 7.50%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,710,375 $3,710,375 0.30 $3,696,593
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,629,052 $3,629,052 0.29 $3,622,764
BX Commercial Mortgage Trust 2024-XL5 D 6.72197% 15-MAR-2041, 6.72%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,593,002 $3,610,042 $3,610,042 0.29 $3,594,611
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.98279% 25-JUL-2048, 5.98%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,596,791 $3,581,029 $3,581,029 0.29 $3,574,454
DROP Mortgage Trust 2021-FILE A 5.297% 15-OCT-2043, 5.30%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,563,155 $3,563,155 0.29 $3,550,804
SCG Trust 2025-SNIP D 6.63217% 15-SEP-2042, 6.63%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,534,737 $3,534,737 0.28 $3,519,907
Affirm Master Trust Series 2025-3 B 4.75% 15-OCT-2034, 4.75%, 10/16/34 AFRMT 2025-3A 00833BAP3 - - 3,500,000 $3,519,610 $3,519,610 0.28 $3,499,291
CSMC 2021-BHAR C 6.147% 15-NOV-2038, 6.15%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,429,667 $3,429,667 0.28 $3,416,132
Taco Bell Funding Series 2025-1 A2I 4.821% 25-AUG-2055, 4.82%, 08/25/55 BELL 2025-1A 87342RAK0 - - 3,425,000 $3,426,544 $3,426,544 0.28 $3,406,822
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,407,181 $3,407,181 0.27 $3,397,494
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,361,326 $3,401,435 $3,401,435 0.27 $3,382,332
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,259,475 $3,388,260 $3,388,260 0.27 $3,365,225
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,274,648 $3,325,191 $3,325,191 0.27 $3,319,166
BX Trust 2021-ARIA D 6.0424% 15-OCT-2036, 6.04%, 10/15/36 BX 2021-ARIA 05608RAJ4 - - 3,300,000 $3,306,476 $3,306,476 0.27 $3,293,737
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 3,244,745 $3,293,609 $3,293,609 0.27 $3,278,218
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,279,489 $3,279,489 0.26 $3,272,990
Connecticut Avenue Securities Trust 2022-R01 1B2 10.35603% 25-DEC-2041, 10.18%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 3,108,409 $3,253,457 $3,253,457 0.26 $3,243,785
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,192,459 $3,192,459 0.26 $3,184,239
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 $3,187,263 $3,187,263 0.26 $3,178,871
Kioxia Holdings Corporation 6.625% 24-JUL-2033, 6.62%, 07/24/33 KIOXIA 49726JAB4 - - 3,000,000 $3,180,301 $3,180,301 0.26 $3,123,437
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,144,495 $3,169,743 $3,169,743 0.26 $3,149,401
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,165,287 $3,165,287 0.26 $3,152,178
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,154,346 $3,154,346 0.25 $3,140,040
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,148,552 $3,148,552 0.25 $3,142,196
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,127,466 $3,127,466 0.25 $3,112,207
Wells Fargo Commercial Mortgage Trust 2024-MGP C11 7.12132% 15-AUG-2041, 7.12%, 08/15/41 WFCM 2024-MGP 95003TAE3 - - 3,100,000 $3,107,785 $3,107,785 0.25 $3,093,680
BX Trust 2021-ARIA F 6.7405% 15-OCT-2036, 6.74%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,096,269 $3,096,269 0.25 $3,082,972
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,096,173 $3,096,173 0.25 $3,078,397
Connecticut Avenue Securities Trust 2024-R05 2M1 5.18279% 25-JUL-2044, 5.18%, 07/25/44 CAS 2024-R05 20754XAB9 - - 3,091,021 $3,095,462 $3,095,462 0.25 $3,090,567
BX Trust 2024-BIO C 6.67217% 15-FEB-2041, 6.67%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,087,938 $3,087,938 0.25 $3,074,694
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,084,459 $3,084,459 0.25 $3,077,173
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,078,471 $3,078,471 0.25 $3,071,479
Connecticut Avenue Securities, Series 2021-R01 1B1 7.28279% 25-OCT-2041, 7.28%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,060,965 $3,060,965 0.25 $3,054,289
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 $3,044,481 $3,044,481 0.25 $3,038,761
Galaxy XXVI CLO Ltd., 6.84%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,007,586 $3,025,952 $3,025,952 0.24 $3,023,665
SWITCH ABS ISSUER 2025-2 A2 II, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,018,706 $3,018,706 0.24 $3,009,317
BFLD Commercial Mortgage Trust 2025-5MW C 5.632938% 10-OCT-2042, 5.45%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,016,278 $3,016,278 0.24 $2,999,924
Sierra Timeshare 2025-3 Receivables Funding C 4.98% 20-AUG-2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 3,000,000 $3,008,657 $3,008,657 0.24 $2,999,527
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 $2,985,602 $2,985,602 0.24 $2,963,718
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $2,965,918 $2,965,918 0.24 $2,953,611
BXP Trust 2017-GM E 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,945,239 $2,945,239 0.24 $2,934,691
SWCH Commercial Mortgage Trust 2025-DATA E 7.37239% 15-FEB-2042, 7.37%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,937,394 $2,937,394 0.24 $2,923,499
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 2,846,892 $2,935,971 $2,935,971 0.24 $2,918,276
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,885,882 $2,918,301 $2,918,301 0.24 $2,902,131
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,880,839 $2,913,291 $2,913,291 0.24 $2,897,476
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,896,376 $2,896,376 0.23 $2,886,951
SCG Commercial Mortgage Trust 2025-FLWR E 6.78217% 15-AUG-2042, 6.78%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,878,385 $2,878,385 0.23 $2,865,963
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 $2,857,408 $2,857,408 0.23 $2,847,484
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,849,860 $2,849,860 0.23 $2,833,071
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,836,642 $2,836,642 0.23 $2,823,706
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 $2,795,320 $2,795,320 0.23 $2,778,175
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,717,131 $2,771,323 $2,771,323 0.23 $2,765,681
BX Trust 2025-ROIC E 6.97346% 15-FEB-2042, 6.97%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,764,041 $2,764,041 0.22 $2,751,695
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,730,692 $2,743,151 $2,743,151 0.22 $2,738,491
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,701,410 $2,739,895 $2,739,895 0.22 $2,724,253
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $2,723,583 $2,723,583 0.22 $2,628,551
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,708,905 $2,708,905 0.22 $2,698,346
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 $2,702,639 $2,702,639 0.22 $2,696,303
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,771,764 $2,700,909 $2,700,909 0.22 $2,697,675
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,776,673 $2,692,798 $2,692,798 0.22 $2,689,558
MHC Commercial Mortgage Trust 2021-MHC F 6.748442% 15-APR-2038, 6.75%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,671,380 $2,671,380 0.22 $2,659,913
Connecticut Avenue Securities Trust 2024-R06 1M2 5.78279% 25-SEP-2044, 5.78%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,655,010 $2,655,010 0.22 $2,650,332
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.43379% 20-MAR-2033, 6.43%, 03/21/33 HACLN 2025-1 446438SZ7 - - 2,618,167 $2,632,150 $2,632,150 0.21 $2,623,728
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 2,593,000 $2,630,425 $2,630,425 0.21 $2,621,408
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,578,641 $2,593,239 $2,593,239 0.21 $2,579,939
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,560,582 $2,560,582 0.21 $2,549,001
Zais CLO 11 BR 5.67444% 20-JAN-2032, 5.67%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,550,582 $2,550,582 0.21 $2,504,842
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,546,773 $2,546,773 0.21 $2,539,880
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,543,432 $2,543,432 0.21 $2,535,983
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 $2,538,796 $2,538,796 0.21 $2,523,230
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,531,171 $2,531,171 0.21 $2,522,921
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,745,000 $2,528,617 $2,528,617 0.21 $2,523,844
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 $2,523,074 $2,523,074 0.21 $2,513,852
Sandstone Peak III C 6.50798% 25-APR-2037, 6.51%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,518,252 $2,518,252 0.21 $2,513,280
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,500,000 $2,515,987 $2,515,987 0.21 $2,505,950
MTN Commercial Mortgage Trust 2022-LPFL B 5.9356% 15-MAR-2039, 5.94%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,511,049 $2,511,049 0.20 $2,501,568
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,509,208 $2,509,208 0.20 $2,491,949
BX Commercial Mortgage Trust 2024-AIR2 D 6.82245% 15-OCT-2041, 6.82%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,501,563 $2,501,563 0.20 $2,490,712
RCKTL 2025-2 0% 34, 4.95%, 11/27/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,498,518 $2,498,518 0.20 $2,495,768
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.28279% 25-JAN-2042, 11.28%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,494,283 $2,494,283 0.20 $2,486,181
280 Park Avenue 2017-280P Mortgage Trust B 5.464% 15-SEP-2034, 5.46%, 09/15/34 PRK 2017-280P 90205FAG5 - - 2,500,000 $2,482,618 $2,482,618 0.20 $2,473,891
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,447,988 $2,477,378 $2,477,378 0.20 $2,464,526
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 $2,465,996 $2,465,996 0.20 $2,462,156
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,463,814 $2,459,177 $2,459,177 0.20 $2,446,570
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,457,617 $2,457,617 0.20 $2,451,276
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,440,237 $2,440,237 0.20 $2,427,973
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 $2,436,669 $2,436,669 0.20 $2,427,823
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 $2,423,764 $2,423,764 0.20 $2,415,637
PRET 2025-RPL5 Trust|4.15|01/25/2070, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,475,000 $2,416,262 $2,416,262 0.20 $2,405,991
Towd Point Mortgage Trust 2025-FIX2|5.249|10/25/2065, 5.25%, 10/25/65 TPMT 2025-FIX2 89183RAA0 - - 2,386,000 $2,390,463 $2,390,463 0.20 $2,387,332
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,375,722 $2,375,722 0.19 $2,366,044
PRM7 Trust 2025-PRM7 E 6.839055% 10-NOV-2042, 6.84%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,370,137 $2,370,137 0.19 $2,353,826
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,365,261 $2,361,174 $2,361,174 0.19 $2,348,832
ALA Trust 2025-OANA D 7.12372% 15-JUN-2040, 7.12%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,350,733 $2,350,733 0.19 $2,340,115
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 $2,341,953 $2,341,953 0.19 $2,331,584
Connecticut Avenue Securities Trust 2025-R06 1M1 5.13279% 25-SEP-2045, 5.13%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,339,650 $2,341,785 $2,341,785 0.19 $2,338,115
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.7652% 15-NOV-2036, 6.76%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,339,899 $2,339,899 0.19 $2,329,812
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,326,552 $2,326,552 0.19 $2,321,146
Connecticut Avenue Securities, Series 2021-R03 1B1 6.93279% 25-DEC-2041, 6.93%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,289,696 $2,289,696 0.19 $2,284,930
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,245,249 $2,277,525 $2,277,525 0.19 $2,264,329
Acacia 2025-1 LLC|5.24|11/15/2037, 5.24%, 11/15/37 ACACIA 2025-1 00401PAA7 - - 2,251,000 $2,250,945 $2,250,945 0.18 $2,250,945
Chase Auto Credit Linked Notes, Series 2025-1 F 6.996% 25-JUN-2033, 7.00%, 02/25/33 CACLN 2025-1 46591HCW8 - - 2,216,469 $2,250,822 $2,250,822 0.18 $2,245,654
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,235,727 $2,235,727 0.18 $2,227,816
GS Mortgage-Backed Securities Trust 2025-RPL3 A1 4.1% 25-JUL-2065, 4.10%, 07/25/65 GSMBS 2025-RPL3 362963AA8 - - 2,246,489 $2,204,636 $2,204,636 0.18 $2,195,425
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 $2,196,456 $2,196,456 0.18 $2,189,276
BX Commercial Mortgage Trust 2024-GPA3 C 5.92398% 15-DEC-2039, 5.92%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,176,508 $2,176,508 0.18 $2,168,311
CONE Trust 2024-DFW1 A 5.6739% 15-AUG-2041, 5.67%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,165,000 $2,169,863 $2,169,863 0.18 $2,162,015
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,237,820 $2,157,538 $2,157,538 0.18 $2,150,265
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 $2,155,243 $2,155,243 0.18 $2,146,062
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.937924% 27-SEP-2052, 0.86%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,149,712 $2,149,712 0.18 $2,147,643
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,194,116 $2,146,991 $2,146,991 0.18 $2,144,432
OPEN Trust 2023-AIR B 7.870167% 15-NOV-2040, 7.87%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 2,080,000 $2,090,727 $2,090,727 0.17 $2,080,268
GS MTG-BKD TRUST 2025-CES2 A1, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 2,059,213 $2,072,012 $2,072,012 0.17 $2,061,345
MKT 2020-525M Mortgage Trust D 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,048,813 $2,048,813 0.17 $2,041,461
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,041,740 $2,041,740 0.17 $2,033,087
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 2,032,818 $2,037,453 $2,037,453 0.17 $2,027,705
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.53279% 25-SEP-2041, 7.53%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,037,287 $2,037,287 0.17 $2,032,578
GWT Commercial Mortgage Trust 2024-WLF2 E 7.6706% 15-MAY-2041, 7.67%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 2,000,000 $2,023,931 $2,023,931 0.17 $2,014,130
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,022,241 $2,022,241 0.17 $2,014,919
SMRT Commercial Mortgage Trust 2022-MINI F 7.38217% 15-JAN-2039, 7.38%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $2,014,200 $2,014,200 0.17 $2,004,648
PRPM 2025-RCF5 6.7%55 A3, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,010,480 $2,010,480 0.17 $1,990,460
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $1,999,550 $1,999,550 0.17 $1,997,263
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,970,000 $1,984,520 $1,984,520 0.16 $1,964,628
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 - - 1,950,478 $1,975,981 $1,975,981 0.16 $1,971,567
LIFE 2022-BMR2 Mortgage Trust D 6.57408% 15-MAY-2039, 6.57%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $1,955,753 $1,955,753 0.16 $1,946,450
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,928,006 $1,949,016 $1,949,016 0.16 $1,938,009
BX Trust 2022-FOX2 D 6.14314% 15-APR-2039, 6.14%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 1,942,500 $1,948,697 $1,948,697 0.16 $1,941,073
BX Commercial Mortgage Trust 2024-AIR2 C 6.27324% 15-OCT-2041, 6.27%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,928,277 $1,928,277 0.16 $1,920,587
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,923,574 $1,923,574 0.16 $1,904,999
Easy Street Mortgage Loan Trust 2025-RTL2|5.606|10/25/2040, 5.61%, 10/25/40 EASY 2025-RTL2 27786YAA6 - - 1,900,000 $1,899,496 $1,899,496 0.16 $1,898,904
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,881,275 $1,881,275 0.16 $1,874,618
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,806,258 $1,872,065 $1,872,065 0.16 $1,867,694
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,830,709 $1,856,712 $1,856,712 0.15 $1,846,153
BX Trust 2024-BRBK B 7.95877% 15-OCT-2041, 7.96%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,846,990 $1,846,990 0.15 $1,837,584
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,807,707 $1,834,339 $1,834,339 0.15 $1,823,655
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,805,329 $1,833,378 $1,833,378 0.15 $1,821,458
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,807,707 $1,830,731 $1,830,731 0.15 $1,820,409
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 $1,809,566 $1,809,566 0.15 $1,806,356
BX Trust 2021-BXMF G 7.496513% 15-OCT-2038, 7.50%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,809,416 $1,809,416 0.15 $1,800,755
Lennar Corporation Class A LEN US 526057104 - - 14,999 $1,804,830 $1,804,830 0.15 $1,804,830
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 $1,800,576 $1,800,576 0.15 $1,796,421
BXHPP Trust 2021-FILM C 5.247% 15-AUG-2036, 5.25%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,799,964 $1,799,964 0.15 $1,793,427
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,777,731 $1,777,731 0.15 $1,770,022
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,775,303 $1,775,303 0.15 $1,769,592
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 $1,755,867 $1,755,867 0.15 $1,743,883
CarMax Auto Owner Trust 2025-4 D 5.11% 15-MAR-2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,749,084 $1,749,084 0.15 $1,745,358
Gracie Point International Funding, Series 2024-1 B 6.45559% 01-MAR-2028, 6.46%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,746,507 $1,746,507 0.15 $1,726,103
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,733,103 $1,733,103 0.14 $1,730,468
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.78379% 20-OCT-2032, 6.78%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 1,716,877 $1,732,876 $1,732,876 0.14 $1,727,052
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 $1,669,691 $1,669,691 0.14 $1,656,961
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,661,056 $1,661,056 0.14 $1,655,116
UMBS TBA 30yr 4% December Delivery, 4.00%, 12/11/25 FNCL 01F0406C6 - - 1,738,000 $1,649,023 $1,649,023 0.14 $1,649,023
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.70603% 25-DEC-2041, 6.53%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,623,352 $1,623,352 0.14 $1,620,158
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,629,421 $1,623,300 $1,623,300 0.14 $1,620,585
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,603,138 $1,621,104 $1,621,104 0.14 $1,612,061
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,611,798 $1,611,798 0.14 $1,604,729
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,556,583 $1,608,252 $1,608,252 0.13 $1,601,666
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,584,899 $1,600,409 $1,600,409 0.13 $1,591,838
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.33379% 20-MAY-2032, 7.33%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,574,477 $1,595,601 $1,595,601 0.13 $1,589,827
BX Commercial Mortgage Trust 2024-WPT D 6.72187% 15-APR-2041, 6.72%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,592,652 $1,592,652 0.13 $1,585,867
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,573,454 $1,573,454 0.13 $1,566,946
ExteNet Issuer, Series 2024-1 C_241 9.696429% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,547,231 $1,547,231 0.13 $1,542,706
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,534,167 $1,546,957 $1,546,957 0.13 $1,539,059
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,539,790 $1,540,844 $1,540,844 0.13 $1,533,391
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,524,272 $1,524,272 0.13 $1,519,726
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 $1,523,920 $1,523,920 0.13 $1,517,623
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - - 1,522,510 $1,523,207 $1,523,207 0.13 $1,517,563
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 $1,522,479 $1,522,479 0.13 $1,516,389
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,488,750 $1,517,871 $1,517,871 0.13 $1,497,838
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 $1,512,279 $1,512,279 0.13 $1,504,336
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 $1,510,454 $1,510,454 0.13 $1,504,330
DC Trust 2024-HLTN C 7.286102% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,510,270 $1,510,270 0.13 $1,499,716
Gracie Point International Funding, Series 2025-1 C 0.0% 15-AUG-2028, 7.06%, 08/15/28 GPIF 2025-1A 38411WAC6 - - 1,500,000 $1,509,640 $1,509,640 0.13 $1,502,870
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,492,426 $1,508,569 $1,508,569 0.13 $1,500,200
JW Commercial Mortgage Trust 2024-MRCO C 6.42222% 15-JUN-2039, 6.42%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,507,841 $1,507,841 0.13 $1,501,686
BX Trust 2021-ARIA E 6.3915% 15-OCT-2036, 6.39%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,503,529 $1,503,529 0.13 $1,497,405
Saluds Grade Alternative Mortgage Trust 2025-RRTL1|5.32|10/25/2040, 5.32%, 10/25/40 GRADE 2025-RRTL1 79582NAA7 - - 1,500,000 $1,503,417 $1,503,417 0.13 $1,495,437
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 $1,475,475 $1,475,475 0.12 $1,462,884
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,461,926 $1,461,926 0.12 $1,459,077
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,442,969 $1,457,565 $1,457,565 0.12 $1,449,660
FIGRE TRUST 2025-HE6 FLTG 2055 C, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 1,454,000 $1,456,602 $1,456,602 0.12 $1,448,975
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,451,015 $1,451,015 0.12 $1,439,679
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,442,645 $1,442,645 0.12 $1,442,645
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,425,999 $1,425,999 0.12 $1,422,092
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,356,408 $1,383,786 $1,383,786 0.12 $1,376,816
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 $1,377,978 $1,377,978 0.12 $1,373,445
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,342,243 $1,373,726 $1,373,726 0.12 $1,370,082
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 - - 1,585,551 $1,366,291 $1,366,291 0.12 $1,364,653
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,347,464 $1,347,464 0.11 $1,347,446
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,327,857 $1,327,857 0.11 $1,293,199
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,311,246 $1,317,662 $1,317,662 0.11 $1,310,780
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,297,446 $1,314,559 $1,314,559 0.11 $1,307,421
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,225,223 $1,299,543 $1,299,543 0.11 $1,293,455
FIGRE TRUST 2025-HE6 FLTG 2055 B, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 1,281,000 $1,283,172 $1,283,172 0.11 $1,276,582
Foundation Finance Trust 2025-3|5.71|08/15/2052, 5.71%, 08/15/52 FFIN 2025-3A 35042TAD4 - - 1,275,000 $1,276,517 $1,276,517 0.11 $1,276,315
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,262,337 $1,272,052 $1,272,052 0.11 $1,266,901
Great Wolf Trust 2024-WOLF C 6.42317% 15-MAR-2039, 6.42%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,270,539 $1,270,539 0.11 $1,265,368
COMM 2024-WCL1 Mortgage Trust C 6.922% 17-JUN-2041, 6.92%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,260,124 $1,260,124 0.11 $1,254,596
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,199,220 $1,220,420 $1,220,420 0.10 $1,214,531
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,198,607 $1,208,744 $1,208,744 0.10 $1,202,097
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,279,843 $1,208,073 $1,208,073 0.10 $1,204,233
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 $1,202,293 $1,202,293 0.10 $1,197,703
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,193,098 $1,193,098 0.10 $1,189,613
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 $1,191,114 $1,191,114 0.10 $1,184,880
MTN Commercial Mortgage Trust 2022-LPFL D 6.9828% 15-MAR-2039, 6.98%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,180,623 $1,180,623 0.10 $1,175,381
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 $1,179,669 $1,179,669 0.10 $1,174,946
Connecticut Avenue Securities, Series 2021-R02 2B1 7.65603% 25-NOV-2041, 7.48%, 11/25/41 CAS 2021-R02 20754KAF8 - - 1,141,001 $1,168,887 $1,168,887 0.10 $1,166,278
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.68379% 20-MAR-2033, 7.68%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,131,547 $1,135,883 $1,135,883 0.10 $1,131,535
FHF Issuer Trust 2024-2 (First Help Financial) A2 5.89% 15-JUN-2030, 5.89%, 06/15/30 FHF 2024-2A 30336NAC5 - - 1,114,653 $1,124,395 $1,124,395 0.10 $1,120,383
BX Trust 2024-CNYN C 5.97333% 15-APR-2041, 5.97%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,114,181 $1,119,202 $1,119,202 0.10 $1,114,950
MKT 2020-525M Mortgage Trust F 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,109,109 $1,109,109 0.10 $1,104,578
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.18379% 20-OCT-2032, 8.18%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,092,007 $1,107,633 $1,107,633 0.10 $1,103,164
BX Trust 2024-VLT4 D 6.472222% 15-JUN-2041, 6.47%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,093,263 $1,093,263 0.09 $1,088,715
MS RES MTG LN TR 2025-SPL1 A1, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,106,676 $1,081,196 $1,081,196 0.09 $1,076,492
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 993,561 $1,064,607 $1,064,607 0.09 $1,059,081
RCKT Mortgage Trust 2025-CES10|4.894|11/25/2055, 4.89%, 11/25/55 RCKT 2025-CES10 74939LAA2 - - 1,063,000 $1,064,099 $1,064,099 0.09 $1,058,896
Connecticut Avenue Securities Trust 2025-R01 1M2 5.68279% 25-JAN-2045, 5.68%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,053,927 $1,053,927 0.09 $1,052,097
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,048,126 $1,048,126 0.09 $1,043,237
LIFE 2021-BMR Mortgage Trust E 5.897% 15-MAR-2038, 5.90%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,046,353 $1,046,353 0.09 $1,042,397
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,043,714 $1,043,714 0.09 $1,038,318
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 1,010,382 $1,041,251 $1,041,251 0.09 $1,038,978
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 1,013,283 $1,036,132 $1,036,132 0.09 $1,030,297
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.83279% 25-NOV-2041, 7.83%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,027,681 $1,027,681 0.09 $1,025,288
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,027,294 $1,027,294 0.09 $1,022,300
MHC Commercial Mortgage Trust 2021-MHC G 7.348442% 15-APR-2038, 7.35%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,025,388 $1,025,388 0.09 $1,020,599
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 $1,016,699 $1,016,699 0.09 $1,012,164
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 $1,016,219 $1,016,219 0.09 $1,008,000
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,015,569 $1,015,569 0.09 $1,011,597
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 $1,013,570 $1,013,570 0.09 $1,003,243
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 $1,011,050 $1,011,050 0.09 $1,004,825
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 $1,009,301 $1,009,301 0.09 $1,007,384
MTN Commercial Mortgage Trust 2022-LPFL F 9.325169% 15-MAR-2039, 9.33%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,008,116 $1,008,116 0.09 $1,002,158
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $1,003,994 $1,003,994 0.09 $1,000,252
OnDeck Asset Securitization IV LLC|5.23|11/17/2032, 5.23%, 11/17/32 ONDK 2025-2A 67108SAJ7 - - 1,000,000 $999,926 $999,926 0.09 $999,926
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.63279% 25-OCT-2044, 5.63%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $991,547 $991,547 0.09 $989,843
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 974,079 $960,067 $960,067 0.08 $956,171
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.23279% 25-DEC-2031, 6.23%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 930,361 $937,367 $937,367 0.08 $935,595
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 931,957 $935,932 $935,932 0.08 $932,134
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $921,931 $921,931 0.08 $917,575
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $911,903 $911,903 0.08 $910,406
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 865,838 $880,010 $880,010 0.08 $873,538
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 865,838 $878,561 $878,561 0.08 $873,862
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 887,058 $870,297 $870,297 0.08 $869,262
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $842,970 $842,970 0.08 $841,506
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 822,418 $841,900 $841,900 0.08 $837,401
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $828,442 $828,442 0.07 $820,549
Connecticut Avenue Securities Trust 2022-R07 1M2 9.00603% 25-JUN-2042, 8.83%, 06/25/42 CAS 2022-R07 20754MCB1 - - 783,000 $827,972 $827,972 0.07 $825,859
Hudson's Bay Simon JV Trust 2015-HBS C10 5.628567% 05-AUG-2034, 5.63%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $810,188 $810,188 0.07 $805,353
BXHPP Trust 2021-FILM A 4.797% 15-AUG-2036, 4.80%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $796,028 $796,028 0.07 $793,515
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $784,344 $784,344 0.07 $780,728
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.45551% 25-OCT-2057, 8.46%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 734,449 $780,437 $780,437 0.07 $778,540
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 772,727 $776,101 $776,101 0.07 $773,627
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 772,727 $770,667 $770,667 0.07 $766,959
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $761,001 $761,001 0.07 $757,811
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 757,451 $759,782 $759,782 0.07 $758,444
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 744,760 $755,535 $755,535 0.07 $752,206
Towd Point Mortgage Trust 2024-CES2 A1B 6.35% 25-FEB-2064, 6.35%, 02/25/64 TPMT 2024-CES2 89182JAB7 - - 743,697 $754,637 $754,637 0.07 $749,914
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 5.98279% 25-JUN-2047, 5.98%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 748,701 $749,696 $749,696 0.07 $748,288
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.93279% 25-JUN-2047, 6.93%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 727,309 $744,896 $744,896 0.07 $743,355
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 $732,136 $732,136 0.07 $730,484
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $717,712 $717,712 0.07 $714,225
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $705,804 $705,804 0.06 $702,856
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $704,012 $704,012 0.06 $702,789
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 662,600 $679,681 $679,681 0.06 $673,545
Ally Bank Auto Credit-Linked Notes, Series 2025-A F 6.942% 15-JUN-2033, 6.94%, 06/15/33 ABCLN 2025-A 02007G5J8 - - 671,696 $678,550 $678,550 0.06 $675,700
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 662,600 $676,239 $676,239 0.06 $671,561
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.78279% 25-DEC-2031, 7.78%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 657,964 $665,643 $665,643 0.06 $664,078
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $650,319 $650,319 0.06 $618,308
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 633,785 $643,066 $643,066 0.06 $639,057
Towd Point Mortgage Trust 2024-CES1 A1B 6.049% 25-JAN-2064, 6.05%, 01/25/64 TPMT 2024-CES1 89183CAB1 - - 609,418 $616,642 $616,642 0.06 $612,956
Gracie Point International Funding, Series 2024-1 D 11.50559% 01-MAR-2028, 11.51%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $614,731 $614,731 0.06 $602,075
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 571,500 $576,630 $576,630 0.05 $570,984
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $566,983 $566,983 0.05 $565,486
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 7.43379% 20-SEP-2033, 7.43%, 09/20/33 HACLN 2025-2 44644NAR0 - - 563,788 $566,320 $566,320 0.05 $564,224
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.43379% 20-MAY-2032, 9.43%, 05/20/32 HACLN 2024-1 44644NAD1 - - 545,011 $562,450 $562,450 0.05 $559,879
BX Trust 2022-FOX2 E 6.99134% 15-APR-2039, 6.99%, 04/15/39 BX 2022-FOX2 05610AAJ7 - - 546,700 $548,741 $548,741 0.05 $546,299
Mello Warehouse Securitization Trust 2024-1 F 9.24103% 25-OCT-2057, 9.24%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $541,854 $541,854 0.05 $540,324
Connecticut Avenue Securities, Series 2021-R01 1M2 5.73279% 25-OCT-2041, 5.73%, 10/25/41 CAS 2021-R01 20754RAB2 - - 537,442 $540,109 $540,109 0.05 $539,168
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 532,389 $536,197 $536,197 0.05 $534,454
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $534,865 $534,865 0.05 $531,695
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 518,047 $533,051 $533,051 0.05 $529,919
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $529,269 $529,269 0.05 $525,979
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $522,478 $522,478 0.05 $519,988
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 $516,612 $516,612 0.05 $516,057
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $515,565 $515,565 0.05 $513,617
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 $514,464 $514,464 0.05 $512,368
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $514,197 $514,197 0.05 $512,318
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 $513,396 $513,396 0.05 $511,453
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $510,981 $510,981 0.05 $509,209
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $510,572 $510,572 0.05 $508,562
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $509,933 $509,933 0.05 $508,149
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $508,490 $508,490 0.05 $506,648
Gracie Point International Funding, Series 2024-1 C 7.85559% 01-MAR-2028, 7.86%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $507,955 $507,955 0.05 $500,754
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $504,146 $504,146 0.05 $502,040
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $504,003 $504,003 0.05 $499,997
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 471,062 $477,778 $477,778 0.05 $476,114
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $462,176 $462,176 0.05 $459,838
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $428,427 $428,427 0.04 $426,488
Santander Bank Auto Credit-Linked Notes, Series 2023-B F 12.24% 15-DEC-2033, 12.24%, 12/15/33 SBCLN 2023-B 80290CCF9 - - 406,922 $426,115 $426,115 0.04 $423,071
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 420,890 $423,001 $423,001 0.04 $420,999
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 406,667 $415,261 $415,261 0.04 $413,293
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 410,302 $411,769 $411,769 0.04 $410,609
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $410,968 $410,968 0.04 $409,313
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 $407,397 $407,397 0.04 $405,282
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 390,224 $402,333 $402,333 0.04 $400,926
BAMLL Re-REMIC Trust 2024-FRR4 E 0.011205% 27-NOV-2048, 0.71%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $393,838 $393,838 0.04 $393,555
BAMLL Re-REMIC Trust 2024-FRR4 F 0.010514% 27-JAN-2026, 0.66%, 11/27/48 BAMLL 05493VAL8 - - 400,119 $393,086 $393,086 0.04 $392,821
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.45551% 25-OCT-2057, 7.46%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 375,671 $390,789 $390,789 0.04 $389,933
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 $386,803 $386,803 0.04 $385,092
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 - - 420,934 $382,894 $382,894 0.04 $382,455
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $370,491 $370,491 0.04 $368,549
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $351,248 $351,248 0.04 $346,199
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $325,085 $325,085 0.04 $324,320
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 310,828 $321,588 $321,588 0.03 $319,167
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $320,207 $320,207 0.03 $318,685
BX Commercial Mortgage Trust 2024-MF C 5.97307% 15-FEB-2039, 5.97%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $311,221 $311,221 0.03 $310,039
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 $302,657 $302,657 0.03 $302,132
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 $301,767 $301,767 0.03 $299,844
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $299,050 $299,050 0.03 $297,475
CSMC 2021-BHAR E 7.647% 15-NOV-2038, 7.65%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $295,649 $295,649 0.03 $294,183
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.73279% 25-FEB-2050, 5.73%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 294,274 $289,018 $289,018 0.03 $288,502
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 284,954 $288,982 $288,982 0.03 $287,772
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 281,681 $282,985 $282,985 0.03 $281,730
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 278,884 $281,986 $281,986 0.03 $280,169
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 271,282 $276,262 $276,262 0.03 $275,158
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $260,256 $260,256 0.03 $260,256
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 $255,997 $255,997 0.03 $254,810
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 $249,880 $249,880 0.03 $248,725
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $249,491 $249,491 0.03 $248,386
Santander US Capital Markets LLC 18-JAN-2033, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 240,511 $242,744 $242,744 0.03 $241,745
BXHPP Trust 2021-FILM B 5.047% 15-AUG-2036, 5.05%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $236,455 $236,455 0.03 $235,649
RCKT Mortgage Trust 2025-CES6 A1A 5.472% 25-JUN-2055, 5.47%, 06/25/55 RCKT 2025-CES6 748949AA2 - - 222,850 $226,202 $226,202 0.03 $224,983
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 $216,956 $216,956 0.03 $216,394
Readycap Lending Small Business Loan Trust 2023-3 A 7.32% 25-APR-2048, 7.32%, 04/25/48 RCLT 75576AAA1 - - 212,188 $214,130 $214,130 0.03 $213,655
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 211,382 $212,221 $212,221 0.03 $211,851
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $205,411 $205,411 0.03 $204,070
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,911 $204,911 0.03 $203,752
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 166,199 $170,781 $170,781 0.02 $170,244
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $158,951 $158,951 0.02 $158,751
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 193,056 $150,375 $150,375 0.02 $150,285
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 141,849 $142,631 $142,631 0.02 $142,133
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 $139,762 $139,762 0.02 $139,109
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 137,282 $138,498 $138,498 0.02 $138,005
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 128,517 $132,890 $132,890 0.02 $131,586
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 - - 103,374 $104,621 $104,621 0.02 $104,148
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $101,774 $101,774 0.02 $101,632
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $100,934 $100,934 0.02 $100,796
Ginnie Mae REMIC Trust 2005-065 FA 4.39992% 20-AUG-2035, 4.30%, 08/20/35 GNR 2005-65 38374LL25 - - 100,903 $99,784 $99,784 0.02 $99,579
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $94,631 $94,631 0.02 $94,492
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 82,661 $82,768 $82,768 0.02 $82,618
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $71,450 $71,450 0.02 $71,334
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 - - 64,160 $65,485 $65,485 0.02 $65,276
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 59,729 $59,578 $59,578 0.01 $59,349
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.83279% 25-JAN-2034, 5.83%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 52,836 $53,062 $53,062 0.01 $52,968
Affirm Asset Securitization Trust 2023-X1 C 8.25% 15-NOV-2028, 8.25%, 11/15/28 AFFRM 2023-X1 00834KAC1 - - 41,225 $41,460 $41,460 0.01 $41,252
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 29,286 $29,590 $29,590 0.01 $29,528
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 28,758 $28,783 $28,783 0.01 $28,732
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 21,958 $22,158 $22,158 0.01 $22,022
Hudson's Bay Simon JV Trust 2015-HBS A7 3.9141% 05-AUG-2034, 3.91%, 08/05/34 HBCT 2015-HB7 44422PAU6 - - 17,720 $17,710 $17,710 0.01 $17,641
TOWD POINT MORTGAGE TRUST 6.125% 65, 5.67%, 08/25/65 TPMT 2025-CES3 891949AC3 - - - $9,728 $9,728 0.01 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - 2,141 $446,164,330 $0 0.01 $0
US 10YR NOTE (CBT)Dec25 DEC 25 TYZ5 FUTURES_USD - 590.00 $66,568,594 $0 0.01 $0
US 10yr Ultra Fut Dec25 DEC 25 UXYZ5 FUTURES_USD - -297.00 $-34,317,422 $0 0.01 $0
US ULTRA BOND CBT Dec25 DEC 25 WNZ5 FUTURES_USD - -108.00 $-13,064,625 $0 0.01 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - 1,682 $183,903,048 $0 0.01 $0
ESZ5 19Dec25 Call (AMERICAN PHYSICAL) 7175 ESZ5C ESZ5 INDEX $7,175.00 -89.00 $-30,026,375 $-53,400 0.01 $-53,400
ESZ5 19Dec25 Put (AMERICAN PHYSICAL) 6150 ESZ5P ESZ5 INDEX $6,150.00 -89.00 $30,026,375 $-151,300 0.00 $-151,300
UMBS TBA 30yr 5% December Delivery, 5.00%, 12/11/25 FNCL 01F0506C5 - - -61,440,000 $-61,128,192 $-61,128,192 -4.73 $-61,128,192
UMBS TBA 30yr 2.5% December Delivery, 2.50%, 12/11/25 FNCL 01F0226C4 - - -189,990,000 $-161,492,830 $-161,492,830 -12.52 $-161,492,830
SEGREGATED CASH SEGCASH - $0.00 7,980,000 $7,980,000 $7,980,000 0.63 $7,980,000
US DOLLARS USD MD_142224 - - -143,680,882 $-143,680,882 $-143,680,882 -11.14 $-143,680,882
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,551,050 $121,516 0.02 $-82,847
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,730,867 $17,570 0.01 $-11,979
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,140,625 $0 0.01 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,212,500 $0 0.01 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,260,938 $0 0.01 $0
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,318,750 $0 0.01 $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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