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 2, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
UMBS TBA 30yr 5% December Delivery, 5.00%, 12/11/25 FNCL 01F0506C5 - - 127,120,000 $126,700,504 $126,700,504 9.63 $126,700,504
GNMA II TBA 30yr 2.5% December Delivery, 2.50%, 12/18/25 G2SF 21H0226C0 - - 136,700,000 $118,369,487 $118,369,487 9.00 $118,369,487
UMBS TBA 30yr 5.5% December Delivery, 5.50%, 12/11/25 FNCL 01F0526C1 - - 65,610,000 $66,377,637 $66,377,637 5.05 $66,377,637
UMBS TBA 30yr 6.5% December Delivery, 6.50%, 12/11/25 FNCL 01F0626C0 - - 60,613,000 $62,785,370 $62,785,370 4.78 $62,785,370
UMBS TBA 30yr 6% December Delivery, 6.00%, 12/11/25 FNCL 01F0606C4 - - 57,605,000 $58,976,575 $58,976,575 4.49 $58,976,575
UMBS TBA 30yr 3.5% December Delivery, 3.50%, 12/11/25 FNCL 01F0326C3 - - 30,930,000 $28,527,698 $28,527,698 2.18 $28,527,698
UMBS TBA 30yr 4.5% December Delivery, 4.50%, 12/11/25 FNCL 01F0426C2 - - 25,880,000 $25,279,015 $25,279,015 1.93 $25,279,015
UMBS TBA 30yr 3% December Delivery, 3.00%, 12/11/25 FNCL 01F0306C7 - - 25,640,000 $22,702,605 $22,702,605 1.73 $22,702,605
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.7218% 25-FEB-2045, 5.72%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,851,750 $16,851,750 1.29 $16,830,370
CENT Trust 2025-CITY A 4.919988% 10-JUL-2040, 5.09%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,883,908 $12,883,908 0.99 $12,826,731
Fannie Mae REMIC Trust 2025-12 FC 5.28279% 25-MAR-2055, 5.17%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,633,350 $12,672,796 $12,672,796 0.97 $12,658,277
Orion CLO 2023-1 A1R 5.12924% 25-OCT-2038, 5.13%, 10/25/38 ANTOR 2023-1A 68626CAJ3 - - 12,500,000 $12,553,718 $12,553,718 0.95 $12,528,784
ALA Trust 2025-OANA A 5.70163% 15-JUN-2040, 5.70%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,125,591 $12,125,591 0.92 $12,091,228
OHA CREDIT FUNDING 24 FLTG 2039 A2, 5.29%, 01/20/39 OAKC 2025-24A 67123CAC8 - - 12,000,000 $12,000,000 $12,000,000 0.91 $12,000,000
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,716,470 $11,764,462 $11,764,462 0.89 $11,704,797
Freddie Mac Multiclass Certificates, Series 5544 FC 5.18279% 25-JUN-2055, 5.07%, 06/25/55 FHR 5544 3137HLNP3 - - 11,442,413 $11,497,213 $11,497,213 0.87 $11,484,317
AB BSL CLO 1 A2R2 5.46673% 15-OCT-2038, 5.47%, 10/15/38 ABBSL 2020-1A 00038KBL4 - - 11,000,000 $11,066,139 $11,066,139 0.84 $11,019,368
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 10,688,288 $10,851,957 $10,851,957 0.82 $10,799,133
BX Commercial Mortgage Trust 2024-XL4 A 5.40099% 15-FEB-2039, 5.40%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,639,085 $10,639,085 0.81 $10,610,422
Apld Computeco LLC 9.25% 15-DEC-2030, 9.25%, 12/15/30 APLD 00202DAA5 - - 10,892,000 $10,530,232 $10,530,232 0.80 $10,493,850
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,308,690 $10,308,690 0.78 $10,276,280
WB Commercial Mortgage Trust 2024-HQ A 5.9365% 16-MAR-2040, 6.13%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,055,579 $10,055,579 0.76 $10,001,051
ARES LV CLO FLTG 2039, 5.32%, 01/15/39 ARES 2025-78A 03990NAC9 - - 10,000,000 $10,000,000 $10,000,000 0.76 $10,000,000
BX Trust 2025-VLT7 E 7.70896% 15-JUL-2044, 7.71%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $9,986,951 $9,986,951 0.76 $9,948,537
BX Trust 2024-FNX A 5.40126% 15-NOV-2041, 5.40%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,917,621 $9,917,621 0.75 $9,890,904
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 9,114,200 $9,213,556 $9,213,556 0.70 $9,168,180
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,658,244 $8,658,244 0.66 $8,629,637
Regatta XXVI Funding Ltd|5.3|01/25/2039, 5.30%, 01/25/39 REG26 2023-2A 75900QAQ8 - - 8,300,000 $8,300,000 $8,300,000 0.63 $8,300,000
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,261,201 $8,261,201 0.63 $8,245,211
PMT LOAN TRUST 2025-J3 FLTG 2056 A3, 5.47%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 7,747,385 $8,107,811 $8,107,811 0.62 $7,779,687
CBAMR 2018-8 Ltd., 5.37%, 03/20/38 CBAMR 2019-11RA 14988AAC8 - - 8,000,000 $8,000,000 $8,000,000 0.61 $8,000,000
Bain Capital Credit CLO 2025-5 Ltd|5.237|01/19/2039, 5.24%, 01/19/39 BCC 2025-5A 056917AC1 - - 8,000,000 $8,000,000 $8,000,000 0.61 $8,000,000
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $7,875,745 $7,875,745 0.60 $7,863,245
WULF Compute LLC 7.75% 15-OCT-2030, 7.75%, 10/15/30 WULF 982911AA7 - - 7,439,000 $7,781,327 $7,781,327 0.59 $7,717,269
Radian Mortgage Capital Trust 2025-J4 A25 5.73078% 25-MAR-2056, 5.62%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 7,728,866 $7,737,732 $7,737,732 0.59 $7,728,076
OBX 2025-J3 TRUST FLTG 2055 AF, 5.57%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,657,400 $7,666,684 $7,666,684 0.58 $7,657,203
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,562,336 $7,562,336 0.57 $7,541,336
Extended Stay America Trust 2025-ESH B 5.55896% 15-OCT-2042, 5.56%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,533,817 $7,533,817 0.57 $7,512,971
HILT 2025-NVIL A 5.70196% 15-JUL-2042, 5.70%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,426,631 $7,426,631 0.56 $7,405,534
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 7.8218% 25-FEB-2042, 7.82%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 7,158,664 $7,388,828 $7,388,828 0.56 $7,376,385
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $7,220,679 $7,220,679 0.55 $7,184,349
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,217,341 $7,217,341 0.55 $7,198,828
BLP Commercial Mortgage Trust 2024-IND2 A 5.30111% 15-MAR-2041, 5.30%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,907,463 $6,919,305 $6,919,305 0.53 $6,900,997
BX Commercial Mortgage Trust 2024-AIRC A 5.65024% 15-AUG-2041, 5.65%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,913,551 $6,913,551 0.53 $6,894,111
KRE Commercial Mortgage Trust 2025-AIP4 A 5.25896% 15-MAR-2042, 5.26%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,901,589 $6,901,589 0.52 $6,883,440
PRPM 2025-RCF6 LLC|5.5|12/25/2055, 5.50%, 12/25/55 PRPM 2025-RCF6 69393BAC9 - - 6,852,000 $6,898,847 $6,898,847 0.52 $6,852,787
Connecticut Avenue Securities Trust 2025-R01 1M1 5.1718% 25-JAN-2045, 5.17%, 01/25/45 CAS 2025-R01 20755JAB9 - - 6,871,463 $6,880,516 $6,880,516 0.52 $6,872,618
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.1718% 25-SEP-2041, 6.17%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 6,717,256 $6,765,369 $6,765,369 0.51 $6,756,156
RAD CLO 31 FLTG 2039 A1B, 5.34%, 04/17/39 RAD 2025-31A 74939NAC4 - - 6,600,000 $6,635,640 $6,635,640 0.50 $6,635,640
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.5718% 25-OCT-2041, 11.57%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,606,462 $6,606,462 0.50 $6,546,121
Cipher Compute LLC 7.125% 15-NOV-2030, 7.12%, 11/15/30 CIFR 17253NAA5 - - 6,464,000 $6,605,201 $6,605,201 0.50 $6,579,614
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.3218% 25-SEP-2041, 10.32%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 6,288,000 $6,508,122 $6,508,122 0.49 $6,493,699
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,476,941 $6,476,941 0.49 $6,460,558
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 6,411,000 $6,450,521 $6,450,521 0.49 $6,442,719
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.29348% 25-OCT-2057, 6.32%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,157,208 $6,349,858 $6,349,858 0.48 $6,341,212
Connecticut Avenue Securities, Series 2021-R03 1M2 5.7218% 25-DEC-2041, 5.72%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,253,413 $6,253,413 0.47 $6,245,504
SMRT Commercial Mortgage Trust 2022-MINI D 5.90896% 15-JAN-2039, 5.91%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 6,250,000 $6,232,630 $6,232,630 0.47 $6,214,165
BX Trust 2025-TAIL D 6.40896% 15-JUN-2035, 6.41%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,007,004 $6,007,004 0.46 $5,987,777
HPEFS EQUIPMENT TRUST 2025-2 0% 33, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $6,005,212 $6,005,212 0.46 $5,994,877
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,130,299 $5,999,043 $5,999,043 0.46 $5,977,247
FS Commercial Mortgage Trust 2023-4SZN D 9.08008% 10-NOV-2039, 9.38%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,946,434 $5,946,434 0.45 $5,898,478
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 5,939,266 $5,844,175 $5,844,175 0.44 $5,822,266
BX Trust 2024-CNYN D 6.64905% 15-APR-2041, 6.65%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,769,688 $5,784,436 $5,784,436 0.44 $5,765,254
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 5,517,000 $5,586,875 $5,586,875 0.42 $5,580,207
PRPM 2025-RCF5 5.31%55 A2, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,531,637 $5,531,637 0.42 $5,505,677
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.5718% 25-MAY-2045, 5.57%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,518,513 $5,518,513 0.42 $5,511,689
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,374,803 $5,461,158 $5,461,158 0.41 $5,453,341
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,440,729 $5,440,729 0.41 $5,424,571
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 5.8718% 25-NOV-2041, 5.87%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,309,205 $5,309,205 0.40 $5,302,322
NYC Commercial Mortgage Trust 2025-1155 D 7.358% 10-JUN-2042, 7.60%, 06/10/42 NYC 2025-1155 67122BAE7 - - 5,000,000 $5,186,314 $5,186,314 0.39 $5,152,522
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.57%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,181,135 $5,181,135 0.39 $5,174,735
BX Commercial Mortgage Trust 2021-VOLT E 6.073% 15-SEP-2036, 6.07%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,166,760 $5,179,569 $5,179,569 0.39 $5,163,879
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,173,849 $5,173,849 0.39 $5,165,299
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,144,513 $5,166,812 $5,166,812 0.39 $5,141,730
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.8718% 25-NOV-2041, 11.87%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,079,740 $5,079,740 0.39 $5,067,077
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $5,075,654 $5,075,654 0.39 $5,069,258
Ares LXXI CLO A2 5.58444% 20-APR-2037, 5.99%, 04/20/37 ARES 2024-71A 04020MAC3 - - 5,000,000 $5,050,059 $5,050,059 0.38 $5,014,266
SALUDA GR ALT MTG TR 2025-LOC5 A1B, 5.79%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,047,858 $5,047,858 0.38 $5,018,099
GOLDENTREE LOAN MANAGEM US 1 FLTG, 5.32%, 01/20/39 GLM 2025-27A 38140AAE8 - - 5,000,000 $5,021,000 $5,021,000 0.38 $5,021,000
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 4,927,679 $5,012,281 $5,012,281 0.38 $4,986,828
BX Trust 2025-DIME E 6.95896% 15-FEB-2035, 6.96%, 02/15/35 BX 2025-DIME 05613UAJ0 - - 5,000,000 $5,010,397 $5,010,397 0.38 $4,993,000
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $5,001,683 $5,001,683 0.38 $4,988,958
ALLY BK AUTO CR LKD NT 2025-B E, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - - 4,960,000 $4,971,411 $4,971,411 0.38 $4,959,521
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 $4,957,309 $4,957,309 0.38 $4,950,611
FHF ISSUER TRUST 2024-1 0% 30, 5.75%, 05/15/30 FHF 2025-2A 30343DAB0 - - 4,891,000 $4,898,278 $4,898,278 0.37 $4,892,029
SCG Commercial Mortgage Trust 2025-DLFN E 6.90896% 15-MAR-2035, 6.91%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,889,158 $4,889,158 0.37 $4,872,217
Chase Auto Credit Linked Notes, Series 2025-1 E 6.024% 25-JUN-2033, 6.02%, 02/25/33 CACLN 2025-1 46591HCV0 - - 4,854,466 $4,850,498 $4,850,498 0.37 $4,844,000
FHLMC STACR REMIC TR 2025-DNA3 M1, 5.17%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 4,838,961 $4,848,994 $4,848,994 0.37 $4,843,433
Fannie Mae REMIC Trust 2025-9 FA 5.38279% 25-MAR-2055, 5.27%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,825,163 $4,848,051 $4,848,051 0.37 $4,842,398
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 4,809,009 $4,834,275 $4,834,275 0.37 $4,827,470
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 4,816,005 $4,834,102 $4,834,102 0.37 $4,812,835
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 $4,770,732 $4,770,732 0.36 $4,739,249
BX Commercial Mortgage Trust 2024-MF D 6.64878% 15-FEB-2039, 6.65%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,751,752 $4,751,752 0.36 $4,736,003
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,588,500 $4,699,461 $4,699,461 0.36 $4,686,590
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,695,973 $4,695,973 0.36 $4,676,773
BX Commercial Mortgage Trust 2024-BIO2 D 7.71271% 15-AUG-2041, 7.97%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,599,136 $4,599,136 0.35 $4,565,825
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,587,640 $4,587,640 0.35 $4,570,877
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.54348% 25-OCT-2057, 6.57%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,447,855 $4,586,271 $4,586,271 0.35 $4,579,778
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,574,159 $4,574,159 0.35 $4,568,160
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 $4,546,514 $4,546,514 0.35 $4,535,474
NRTH Commercial Mortgage Trust 2025-PARK B 5.60188% 15-OCT-2040, 5.60%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,510,280 $4,510,280 0.34 $4,497,676
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,452,440 $4,474,307 $4,474,307 0.34 $4,451,455
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,393,695 $4,442,106 $4,442,106 0.34 $4,434,882
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 $4,427,182 $4,427,182 0.34 $4,419,936
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - - 4,403,742 $4,406,762 $4,406,762 0.33 $4,400,100
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 $4,375,700 $4,375,700 0.33 $4,361,986
GWT Commercial Mortgage Trust 2024-WLF2 E 7.59739% 15-MAY-2041, 7.60%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 4,322,000 $4,350,458 $4,350,458 0.33 $4,334,040
TOWD POINT MORTGAGE TRUS 5.98666% 65, 5.72%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,345,516 $4,345,516 0.33 $4,318,822
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 $4,326,208 $4,326,208 0.33 $4,267,347
COMM 2024-WCL1 Mortgage Trust D 7.248% 17-JUN-2041, 7.25%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 4,250,000 $4,281,653 $4,281,653 0.33 $4,266,251
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.2218% 25-FEB-2045, 5.22%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 4,264,696 $4,270,054 $4,270,054 0.32 $4,265,105
IRV Trust 2025-200P C 5.73037% 14-MAR-2047, 5.92%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,260,809 $4,260,809 0.32 $4,238,703
MTN Commercial Mortgage Trust 2022-LPFL A 5.3569% 15-MAR-2039, 5.36%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,248,846 $4,248,846 0.32 $4,237,489
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,163,608 $4,228,925 $4,228,925 0.32 $4,207,878
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,125,463 $4,151,956 $4,151,956 0.32 $4,131,908
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,137,483 $4,137,483 0.31 $4,126,454
BX Trust 2024-VLT4 E 6.848364% 15-JUN-2041, 6.85%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,135,133 $4,135,133 0.31 $4,120,933
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 $4,113,281 $4,113,281 0.31 $4,089,664
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA1 M2 9.3218% 25-MAR-2042, 9.32%, 03/25/42 STACR 2022-HQA1 35564KTJ8 - - 3,856,000 $4,054,256 $4,054,256 0.31 $4,046,268
BX Trust 2024-BRBK A 6.8386% 15-OCT-2041, 6.84%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,016,114 $4,016,114 0.31 $4,002,457
Affirm Asset Securitization Trust 2025-X2 D 5.23% 15-OCT-2030, 5.23%, 10/15/30 AFFRM 2025-X2 00835DAD4 - - 4,000,000 $4,011,512 $4,011,512 0.30 $4,002,795
BLP Trust 2025-IND2 D 6.65% 15-DEC-2042, 6.60%, 12/15/42 BLP 2025-IND2 05556WAG1 - - 4,000,000 $4,004,938 $4,004,938 0.30 $3,999,067
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 3,940,439 $3,993,966 $3,993,966 0.30 $3,974,701
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.0718% 25-DEC-2041, 11.07%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 3,719,000 $3,918,621 $3,918,621 0.30 $3,909,471
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 3,830,639 $3,873,826 $3,873,826 0.29 $3,853,331
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,853,037 $3,865,877 $3,865,877 0.29 $3,848,763
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,804,844 $3,861,545 $3,861,545 0.29 $3,842,423
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 3,878,493 $3,825,114 $3,825,114 0.29 $3,817,284
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,791,760 $3,791,760 0.29 $3,786,947
FREMF 2023-K511 Mortgage Trust C 5.634469% 25-NOV-2028, 5.82%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,781,818 $3,781,818 0.29 $3,761,117
BMP Commercial Mortgage Trust 2024-MF23 D 6.34945% 15-JUN-2041, 6.35%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,758,511 $3,758,511 0.29 $3,746,606
BX Trust 2021-MFM1 E 6.323% 15-JAN-2034, 6.32%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 3,733,520 $3,743,074 $3,743,074 0.28 $3,731,270
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,742,603 $3,742,603 0.28 $3,737,293
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,701,405 $3,732,112 $3,732,112 0.28 $3,723,036
Extended Stay America Trust 2025-ESH E 7.30896% 15-OCT-2042, 7.31%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,716,482 $3,716,482 0.28 $3,703,052
Extended Stay America Trust 2025-ESH D 6.55896% 15-OCT-2042, 6.56%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,706,804 $3,706,804 0.28 $3,694,752
RCKT MORTGAGE TRUST 2025-C 5.212% 55, 4.97%, 11/25/55 RCKT 2025-CES11 749423AA7 - - 3,658,000 $3,682,178 $3,682,178 0.28 $3,666,031
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,626,353 $3,626,353 0.28 $3,622,161
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.8718% 25-JUL-2048, 5.87%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,596,791 $3,590,597 $3,590,597 0.27 $3,568,569
BX Commercial Mortgage Trust 2024-XL5 D 6.64876% 15-MAR-2041, 6.65%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,579,163 $3,588,902 $3,588,902 0.27 $3,577,004
BX Trust 2025-LUNR D 6.45896% 15-JUN-2040, 6.46%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,550,721 $3,561,785 $3,561,785 0.27 $3,550,318
DROP Mortgage Trust 2021-FILE A 5.223% 15-OCT-2043, 5.22%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,556,418 $3,556,418 0.27 $3,546,886
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.27%, 05/25/45 CAS 2025-R04 20755TAB7 - - 3,516,441 $3,523,252 $3,523,252 0.27 $3,519,133
SCG Trust 2025-SNIP D 6.55896% 15-SEP-2042, 6.56%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,519,572 $3,519,572 0.27 $3,508,094
CSMC 2021-BHAR C 6.074% 15-NOV-2038, 6.07%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,437,581 $3,437,581 0.26 $3,427,116
Taco Bell Funding Series 2025-1 A2I 4.821% 25-AUG-2055, 4.82%, 08/25/55 BELL 2025-1A 87342RAK0 - - 3,425,000 $3,423,035 $3,423,035 0.26 $3,419,366
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,400,500 $3,400,500 0.26 $3,394,042
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,198,468 $3,325,708 $3,325,708 0.25 $3,305,616
BX Trust 2021-ARIA D 5.9684% 15-OCT-2036, 5.97%, 10/15/36 BX 2021-ARIA 05608RAJ4 - - 3,300,000 $3,305,623 $3,305,623 0.25 $3,295,775
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,256,179 $3,294,888 $3,294,888 0.25 $3,278,439
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,257,523 $3,257,523 0.25 $3,253,190
Connecticut Avenue Securities Trust 2022-R01 1B2 10.0718% 25-DEC-2041, 10.07%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 3,108,409 $3,237,720 $3,237,720 0.25 $3,230,763
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,158,111 $3,210,999 $3,210,999 0.24 $3,207,125
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,210,072 $3,210,072 0.24 $3,203,786
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,199,817 $3,199,817 0.24 $3,189,092
SF ABS ISSUER 2025-1 0%55 A2, 5.38%, 11/25/55 SFARM 2025-1A 784193AA2 - - 3,250,000 $3,189,675 $3,189,675 0.24 $3,189,190
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 $3,187,262 $3,187,262 0.24 $3,180,844
Kioxia Holdings Corporation 6.625% 24-JUL-2033, 6.62%, 07/24/33 KIOXIA 49726JAB4 - - 3,000,000 $3,185,141 $3,185,141 0.24 $3,113,922
Galaxy XXVI CLO Ltd., 6.84%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,126,500 $3,161,048 $3,161,048 0.24 $3,143,214
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 3,098,550 $3,155,142 $3,155,142 0.24 $3,143,116
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,155,023 $3,155,023 0.24 $3,143,318
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,146,595 $3,146,595 0.24 $3,142,357
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,119,762 $3,140,605 $3,140,605 0.24 $3,122,665
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,127,659 $3,127,659 0.24 $3,115,174
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,096,376 $3,096,376 0.24 $3,081,832
BX Trust 2021-ARIA F 6.6665% 15-OCT-2036, 6.67%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,095,842 $3,095,842 0.24 $3,085,548
BX Trust 2024-BIO C 6.59896% 15-FEB-2041, 6.60%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,086,149 $3,086,149 0.23 $3,075,898
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,078,170 $3,078,170 0.23 $3,073,313
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,073,318 $3,073,318 0.23 $3,068,657
Connecticut Avenue Securities, Series 2021-R01 1B1 7.1718% 25-OCT-2041, 7.17%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,051,817 $3,051,817 0.23 $3,047,036
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 $3,044,704 $3,044,704 0.23 $3,040,891
FIGRE TRUST 2025-HE6 FLTG 2055 C, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 3,041,936 $3,033,473 $3,033,473 0.23 $3,019,291
BFLD Commercial Mortgage Trust 2025-5MW C 5.45123% 10-OCT-2042, 5.63%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,031,279 $3,031,279 0.23 $3,016,258
SWITCH ABS ISSUER 2025-2 A2 II, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,015,232 $3,015,232 0.23 $3,011,655
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $3,015,089 $3,015,089 0.23 $3,004,605
OnDeck Asset Securitization IV, Series 2025-2 B 5.23% 17-NOV-2032, 5.23%, 11/17/32 ONDK 2025-2A 67108SAJ7 - - 3,000,000 $3,014,805 $3,014,805 0.23 $3,006,088
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 $2,979,854 $2,979,854 0.23 $2,960,402
BXP Trust 2017-GM E 3.4248% 13-JUN-2039, 3.54%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,952,667 $2,952,667 0.22 $2,942,979
SWCH Commercial Mortgage Trust 2025-DATA E 7.29918% 15-FEB-2042, 7.30%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,906,920 $2,906,920 0.22 $2,896,154
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,881,642 $2,881,642 0.22 $2,866,718
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,877,128 $2,877,128 0.22 $2,869,416
SCG Commercial Mortgage Trust 2025-FLWR E 6.70896% 15-AUG-2042, 6.71%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,872,047 $2,872,047 0.22 $2,862,430
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 $2,861,203 $2,861,203 0.22 $2,853,083
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,825,795 $2,825,795 0.21 $2,815,211
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,787,261 $2,817,271 $2,817,271 0.21 $2,803,670
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,785,279 $2,816,454 $2,816,454 0.21 $2,802,582
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 2,718,623 $2,801,461 $2,801,461 0.21 $2,787,635
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.17616% 15-MAR-2038, 6.38%, 03/15/38 WFCM 2025-VTT 94990GAG4 - - 2,776,000 $2,798,139 $2,798,139 0.21 $2,782,391
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $2,794,486 $2,794,486 0.21 $2,706,764
Sierra Timeshare 2025-3 Receivables Funding C 4.98% 20-AUG-2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 2,795,535 $2,779,444 $2,779,444 0.21 $2,774,417
Great Wolf Trust 2024-WOLF G 9.39496% 15-MAR-2039, 9.39%, 03/15/39 GWT 2024-WOLF 39152MAN5 - - 2,750,000 $2,770,925 $2,770,925 0.21 $2,758,007
BX Trust 2025-ROIC E 6.90025% 15-FEB-2042, 6.90%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,763,064 $2,763,064 0.21 $2,753,503
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,683,235 $2,720,153 $2,720,153 0.21 $2,706,343
Wells Fargo Commercial Mortgage Trust 2024-MGP C11 7.04811% 15-AUG-2041, 7.05%, 08/15/41 WFCM 2024-MGP 95003TAE3 - - 2,695,567 $2,699,644 $2,699,644 0.21 $2,690,145
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 $2,697,914 $2,697,914 0.20 $2,693,689
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,692,714 $2,692,714 0.20 $2,684,075
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,646,470 $2,677,377 $2,677,377 0.20 $2,673,714
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,741,273 $2,674,791 $2,674,791 0.20 $2,672,659
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,753,099 $2,673,730 $2,673,730 0.20 $2,671,589
MHC Commercial Mortgage Trust 2021-MHC F 6.674442% 15-APR-2038, 6.67%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,671,796 $2,671,796 0.20 $2,662,919
UPG HI 2025-2 ISSUER TRU 0%47 B, 5.98%, 09/25/47 UPGHI 2025-2A 90321EAB8 - - 2,665,000 $2,670,179 $2,670,179 0.20 $2,666,638
Connecticut Avenue Securities Trust 2024-R06 1M2 5.6718% 25-SEP-2044, 5.67%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,652,179 $2,652,179 0.20 $2,648,842
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,632,898 $2,648,767 $2,648,767 0.20 $2,645,771
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 2,593,000 $2,603,773 $2,603,773 0.20 $2,596,396
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,745,000 $2,575,676 $2,575,676 0.20 $2,560,563
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,555,228 $2,555,228 0.19 $2,545,753
Connecticut Avenue Securities Trust 2024-R05 2M1 5.0718% 25-JUL-2044, 5.07%, 07/25/44 CAS 2024-R05 20754XAB9 - - 2,553,501 $2,555,130 $2,555,130 0.19 $2,552,252
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,550,024 $2,550,024 0.19 $2,544,328
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,545,571 $2,545,571 0.19 $2,538,821
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,544,235 $2,544,235 0.19 $2,539,639
Wells Fargo Commercial Mortgage Trust 2024-1CHI C 6.22623% 15-JUL-2035, 6.43%, 07/15/35 WFCM 2024-1CHI 95003PAE1 - - 2,500,000 $2,538,268 $2,538,268 0.19 $2,523,971
Sandstone Peak III C 6.50798% 25-APR-2037, 6.51%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,527,925 $2,527,925 0.19 $2,511,203
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.34888% 20-MAR-2033, 6.35%, 03/21/33 HACLN 2025-1 446438SZ7 - - 2,518,877 $2,527,772 $2,527,772 0.19 $2,521,997
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 $2,523,808 $2,523,808 0.19 $2,516,430
Zais CLO 11 BR 5.67444% 20-JAN-2032, 5.67%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,521,915 $2,521,915 0.19 $2,504,576
WB Commercial Mortgage Trust 2024-HQ C 6.90331% 16-MAR-2040, 7.13%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,512,209 $2,512,209 0.19 $2,496,357
MTN Commercial Mortgage Trust 2022-LPFL B 5.8556% 15-MAR-2039, 5.86%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,508,182 $2,508,182 0.19 $2,500,863
RCKTL 2025-2 0% 34, 4.95%, 11/27/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,506,678 $2,506,678 0.19 $2,494,991
BX Commercial Mortgage Trust 2024-AIR2 D 6.74945% 15-OCT-2041, 6.75%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,501,383 $2,501,383 0.19 $2,492,983
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,480,617 $2,495,475 $2,495,475 0.19 $2,484,101
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.1718% 25-JAN-2042, 11.17%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,485,720 $2,485,720 0.19 $2,479,886
FIGRE TRUST 2025-HE6 FLTG 2055 B, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 2,485,725 $2,483,639 $2,483,639 0.19 $2,472,273
280 Park Avenue 2017-280P Mortgage Trust B 5.352% 15-SEP-2034, 5.35%, 09/15/34 PRK 2017-280P 90205FAG5 - - 2,500,000 $2,478,302 $2,478,302 0.19 $2,471,612
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,476,743 $2,476,743 0.19 $2,471,894
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 $2,469,852 $2,469,852 0.19 $2,467,292
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 8.0% 25-APR-2029, 8.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 2,448,903 $2,454,404 $2,454,404 0.19 $2,436,989
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 $2,446,159 $2,446,159 0.19 $2,438,922
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,440,728 $2,440,728 0.19 $2,429,826
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 $2,436,504 $2,436,504 0.19 $2,429,855
PRET 2025-RPL5 TRUST FLTG 2070 A1, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,463,288 $2,411,560 $2,411,560 0.18 $2,402,473
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,411,957 $2,408,098 $2,408,098 0.18 $2,397,127
TOWD PT MTG TR 2025-FIX2 FLTG A1, 5.25%, 10/25/65 TPMT 2025-FIX2 89183RAA0 - - 2,338,290 $2,401,657 $2,401,657 0.18 $2,342,828
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,372,507 $2,394,378 $2,394,378 0.18 $2,383,307
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,380,910 $2,380,910 0.18 $2,372,992
PRM7 Trust 2025-PRM7 E 6.61844% 10-NOV-2042, 6.84%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,372,285 $2,372,285 0.18 $2,357,786
ALA Trust 2025-OANA D 7.04972% 15-JUN-2040, 7.05%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,348,193 $2,348,193 0.18 $2,339,969
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 $2,345,004 $2,345,004 0.18 $2,336,521
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.6912% 15-NOV-2036, 6.69%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,338,480 $2,338,480 0.18 $2,330,671
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,322,574 $2,322,574 0.18 $2,318,970
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,315,479 $2,312,104 $2,312,104 0.18 $2,301,364
Connecticut Avenue Securities, Series 2021-R03 1B1 6.8218% 25-DEC-2041, 6.82%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,289,216 $2,289,216 0.17 $2,285,806
Connecticut Avenue Securities Trust 2025-R06 1M1 5.0218% 25-SEP-2045, 5.02%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,260,056 $2,260,591 $2,260,591 0.17 $2,258,069
Acacia 2025-1 A 5.24% 15-NOV-2037, 5.24%, 11/15/37 ACACIA 2025-1 00401PAA7 - - 2,251,000 $2,259,697 $2,259,697 0.17 $2,253,144
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,209,350 $2,241,770 $2,241,770 0.17 $2,230,229
BXP Trust 2017-GM D 3.4248% 13-JUN-2039, 3.54%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,240,193 $2,240,193 0.17 $2,232,926
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 $2,204,774 $2,204,774 0.17 $2,198,900
GS Mortgage-Backed Securities Trust 2025-RPL3 A1 4.1% 25-JUL-2065, 4.10%, 07/25/65 GSMBS 2025-RPL3 362963AA8 - - 2,232,600 $2,193,012 $2,193,012 0.17 $2,184,876
Chase Auto Credit Linked Notes, Series 2025-1 F 6.996% 25-JUN-2033, 7.00%, 02/25/33 CACLN 2025-1 46591HCW8 - - 2,144,199 $2,175,878 $2,175,878 0.17 $2,172,544
BX Commercial Mortgage Trust 2024-GPA3 C 5.85098% 15-DEC-2039, 5.85%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,172,956 $2,172,956 0.17 $2,166,621
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.937924% 27-SEP-2052, 0.94%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,172,838 $2,172,838 0.17 $2,168,928
CONE Trust 2024-DFW1 A 5.60069% 15-AUG-2041, 5.60%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,165,000 $2,167,684 $2,167,684 0.16 $2,161,621
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 $2,156,234 $2,156,234 0.16 $2,148,072
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,222,409 $2,143,266 $2,143,266 0.16 $2,136,846
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,181,421 $2,137,305 $2,137,305 0.16 $2,135,609
Great Wolf Trust 2024-WOLF D 6.84896% 15-MAR-2039, 6.85%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 2,103,000 $2,113,403 $2,113,403 0.16 $2,106,202
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,087,767 $2,099,013 $2,099,013 0.16 $2,092,155
MKT 2020-525M Mortgage Trust D 2.9406% 12-FEB-2040, 3.04%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,053,969 $2,053,969 0.16 $2,047,217
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,042,748 $2,042,748 0.16 $2,036,758
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,040,567 $2,040,567 0.15 $2,033,487
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.4218% 25-SEP-2041, 7.42%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,030,232 $2,030,232 0.15 $2,026,884
GS MTG-BKD TRUST 2025-CES2 A1, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 2,001,877 $2,015,719 $2,015,719 0.15 $2,006,502
PRPM 2025-RCF5 6.7%55 A3, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,015,219 $2,015,219 0.15 $2,005,513
SMRT Commercial Mortgage Trust 2022-MINI F 7.30896% 15-JAN-2039, 7.31%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $2,014,837 $2,014,837 0.15 $2,007,437
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $2,009,632 $2,009,632 0.15 $1,998,852
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 $1,966,266 $1,966,266 0.15 $1,961,911
Lennar Corporation Class A LEN US 526057104 - - 14,999 $1,945,820 $1,945,820 0.15 $1,945,820
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,936,581 $1,936,581 0.15 $1,919,435
BX Commercial Mortgage Trust 2024-AIR2 C 6.20024% 15-OCT-2041, 6.20%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,925,092 $1,925,092 0.15 $1,919,145
EASY STREET MORTGAGE LN 5.606%40 A1, 5.61%, 10/25/40 EASY 2025-RTL2 27786YAA6 - - 1,900,000 $1,906,486 $1,906,486 0.14 $1,904,119
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,879,400 $1,899,381 $1,899,381 0.14 $1,889,844
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,877,340 $1,877,340 0.14 $1,871,422
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,769,224 $1,834,202 $1,834,202 0.14 $1,831,348
BX Trust 2024-BRBK B 7.88556% 15-OCT-2041, 7.89%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,833,345 $1,833,345 0.14 $1,826,047
OPEN Trust 2023-AIR B 7.796957% 15-NOV-2040, 7.80%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 1,823,847 $1,830,326 $1,830,326 0.14 $1,823,216
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,778,565 $1,814,761 $1,814,761 0.14 $1,805,734
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 $1,814,119 $1,814,119 0.14 $1,809,133
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,789,521 $1,811,832 $1,811,832 0.14 $1,802,657
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 $1,810,578 $1,810,578 0.14 $1,808,438
BX Trust 2021-BXMF G 7.422513% 15-OCT-2038, 7.42%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,808,028 $1,808,028 0.14 $1,801,316
BXHPP Trust 2021-FILM C 5.173% 15-AUG-2036, 5.17%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,807,270 $1,807,270 0.14 $1,802,225
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 - - 1,784,299 $1,805,286 $1,805,286 0.14 $1,802,594
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,772,821 $1,800,687 $1,800,687 0.14 $1,790,282
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,778,565 $1,797,541 $1,797,541 0.14 $1,788,197
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,777,071 $1,777,071 0.13 $1,770,763
Flagship Credit Auto Trust 2021-1 D 1.27% 15-MAR-2027, 1.27%, 03/15/27 FCAT 2021-1 33843WAG6 - - 1,788,387 $1,771,660 $1,771,660 0.13 $1,770,524
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,770,577 $1,770,577 0.13 $1,765,905
Extended Stay America Trust 2025-ESH F 8.05896% 15-OCT-2042, 8.06%, 10/15/42 ESA 2025-ESH 30227TAL4 - - 1,750,000 $1,770,147 $1,770,147 0.13 $1,763,096
CarMax Auto Owner Trust 2025-4 D 5.11% 15-MAR-2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,760,173 $1,760,173 0.13 $1,755,702
Wells Fargo Commercial Mortgage Trust 2025-VTT E 6.90721% 15-MAR-2038, 7.14%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - - 1,735,000 $1,756,139 $1,756,139 0.13 $1,745,132
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 $1,754,445 $1,754,445 0.13 $1,725,695
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,741,801 $1,741,801 0.13 $1,739,693
LIFE 2022-BMR2 Mortgage Trust D 6.50087% 15-MAY-2039, 6.50%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $1,724,051 $1,724,051 0.13 $1,716,852
EFMT 2025-RTL1 0% 40, 5.57%, 11/25/40 EFMT 2025-RTL1 26846FAB5 - - 1,717,000 $1,723,504 $1,723,504 0.13 $1,719,523
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,667,631 $1,667,631 0.13 $1,662,771
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 $1,666,455 $1,666,455 0.13 $1,655,140
UMBS TBA 30yr 4% December Delivery, 4.00%, 12/11/25 FNCL 01F0406C6 - - 1,738,000 $1,651,024 $1,651,024 0.13 $1,651,024
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.69888% 20-OCT-2032, 6.70%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 1,638,441 $1,650,738 $1,650,738 0.13 $1,646,774
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.4218% 25-DEC-2041, 6.42%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,621,749 $1,621,749 0.12 $1,619,466
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,613,220 $1,613,220 0.12 $1,606,936
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,616,285 $1,611,226 $1,611,226 0.12 $1,609,430
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,544,229 $1,595,848 $1,595,848 0.12 $1,590,501
BX Commercial Mortgage Trust 2024-WPT D 6.64866% 15-APR-2041, 6.65%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,586,874 $1,586,874 0.12 $1,581,621
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,551,064 $1,568,146 $1,568,146 0.12 $1,560,368
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,564,794 $1,564,794 0.12 $1,559,817
ExteNet Issuer, Series 2024-1 C_241 8.758065% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,544,840 $1,544,840 0.12 $1,541,823
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,524,213 $1,526,565 $1,526,565 0.12 $1,520,007
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,526,216 $1,526,216 0.12 $1,522,496
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 $1,526,030 $1,526,030 0.12 $1,520,878
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,509,865 $1,521,966 $1,521,966 0.12 $1,515,057
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 $1,521,441 $1,521,441 0.12 $1,516,458
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.24888% 20-MAY-2032, 7.25%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,495,932 $1,513,357 $1,513,357 0.11 $1,509,441
DC Trust 2024-HLTN C 7.036% 13-APR-2040, 7.29%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,512,534 $1,512,534 0.11 $1,502,819
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 $1,508,750 $1,508,750 0.11 $1,503,740
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 $1,507,964 $1,507,964 0.11 $1,502,665
SALUDA GR ALT MTG TR 25 RRTL1 A1, 5.32%, 10/25/40 GRADE 2025-RRTL1 79582NAA7 - - 1,500,000 $1,506,638 $1,506,638 0.11 $1,499,545
JW Commercial Mortgage Trust 2024-MRCO C 6.34901% 15-JUN-2039, 6.35%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,504,550 $1,504,550 0.11 $1,499,788
BX Trust 2021-ARIA E 6.3175% 15-OCT-2036, 6.32%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,503,547 $1,503,547 0.11 $1,498,809
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 $1,483,869 $1,483,869 0.11 $1,480,495
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 $1,472,306 $1,472,306 0.11 $1,461,115
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,471,060 $1,471,060 0.11 $1,451,537
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,454,802 $1,468,938 $1,468,938 0.11 $1,461,686
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - - 1,462,845 $1,465,065 $1,465,065 0.11 $1,460,628
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,459,375 $1,459,375 0.11 $1,457,475
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,453,983 $1,453,983 0.11 $1,453,983
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,418,645 $1,433,098 $1,433,098 0.11 $1,426,190
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,422,823 $1,422,823 0.11 $1,420,218
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 $1,380,027 $1,380,027 0.10 $1,376,319
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,358,940 $1,358,940 0.10 $1,358,924
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 - - 1,582,006 $1,348,522 $1,348,522 0.10 $1,347,334
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,307,834 $1,340,551 $1,340,551 0.10 $1,337,835
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,287,099 $1,313,749 $1,313,749 0.10 $1,308,338
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,302,882 $1,302,882 0.10 $1,302,438
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,290,475 $1,298,089 $1,298,089 0.10 $1,292,069
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,277,874 $1,295,379 $1,295,379 0.10 $1,289,129
FOUNDATION FINANCE TRUST 20 5.71% 52, 5.71%, 08/15/52 FFIN 2025-3A 35042TAD4 - - 1,275,000 $1,282,668 $1,282,668 0.10 $1,278,016
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,199,851 $1,276,612 $1,276,612 0.10 $1,271,735
Great Wolf Trust 2024-WOLF C 6.34996% 15-MAR-2039, 6.35%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,265,238 $1,265,238 0.10 $1,261,237
COMM 2024-WCL1 Mortgage Trust C 6.848% 17-JUN-2041, 6.85%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,263,370 $1,263,370 0.10 $1,259,090
United Auto Credit Securitization Trust 2024-1 C 7.06% 10-OCT-2029, 7.06%, 10/10/29 UACST 2024-1 90945DAC4 - - 1,245,051 $1,254,819 $1,254,819 0.10 $1,249,204
OCEANVIEW MORTGAGE TRUST 4.99888% 55, 5.00%, 12/25/55 BVINV 2025-4 67647DAU3 - - 1,230,000 $1,230,686 $1,230,686 0.09 $1,229,320
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,209,093 $1,218,966 $1,218,966 0.09 $1,214,928
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 $1,216,961 $1,216,961 0.09 $1,213,205
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 $1,206,820 $1,206,820 0.09 $1,202,956
Taco Bell Funding Series 2021-1 A2I 1.946% 25-AUG-2051, 1.95%, 08/25/51 BELL 2021-1A 87342RAG9 - - 1,237,950 $1,202,011 $1,202,011 0.09 $1,201,475
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,263,985 $1,194,922 $1,194,922 0.09 $1,191,552
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,189,942 $1,189,942 0.09 $1,187,618
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 $1,189,022 $1,189,022 0.09 $1,183,921
MTN Commercial Mortgage Trust 2022-LPFL D 6.9028% 15-MAR-2039, 6.90%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,178,949 $1,178,949 0.09 $1,174,894
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,162,025 $1,171,200 $1,171,200 0.09 $1,165,471
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,148,639 $1,170,185 $1,170,185 0.09 $1,165,570
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,125,463 $1,136,806 $1,136,806 0.09 $1,131,395
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 1,116,468 $1,118,432 $1,118,432 0.08 $1,113,673
MKT 2020-525M Mortgage Trust F 2.9406% 12-FEB-2040, 3.04%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,116,150 $1,116,150 0.08 $1,111,988
BX Trust 2024-VLT4 D 6.399012% 15-JUN-2041, 6.40%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,094,322 $1,094,322 0.08 $1,090,803
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.59888% 20-MAR-2033, 7.60%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,088,635 $1,091,611 $1,091,611 0.08 $1,088,624
BX Trust 2024-CNYN C 5.90012% 15-APR-2041, 5.90%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,081,816 $1,083,952 $1,083,952 0.08 $1,080,761
MS RES MTG LN TR 2025-SPL1 A1, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,098,406 $1,081,330 $1,081,330 0.08 $1,077,180
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.09888% 20-OCT-2032, 8.10%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,042,118 $1,055,712 $1,055,712 0.08 $1,052,665
RCKT Mortgage Trust 2025-CES10 A1A 4.894% 25-OCT-2055, 4.89%, 11/25/55 RCKT 2025-CES10 74939LAA2 - - 1,051,938 $1,055,636 $1,055,636 0.08 $1,051,060
Connecticut Avenue Securities Trust 2025-R01 1M2 5.5718% 25-JAN-2045, 5.57%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,054,604 $1,054,604 0.08 $1,053,299
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,052,250 $1,052,250 0.08 $1,047,835
FHF Issuer Trust 2024-2 (First Help Financial) A2 5.89% 15-JUN-2030, 5.89%, 06/15/30 FHF 2024-2A 30336NAC5 - - 1,039,499 $1,048,043 $1,048,043 0.08 $1,044,982
LIFE 2021-BMR Mortgage Trust E 5.823% 15-MAR-2038, 5.82%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,046,794 $1,046,794 0.08 $1,043,736
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 973,266 $1,045,323 $1,045,323 0.08 $1,040,894
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,025,720 $1,025,720 0.08 $1,021,720
MHC Commercial Mortgage Trust 2021-MHC G 7.274442% 15-APR-2038, 7.27%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,024,482 $1,024,482 0.08 $1,020,772
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,024,017 $1,024,017 0.08 $1,020,022
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.7218% 25-NOV-2041, 7.72%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,023,871 $1,023,871 0.08 $1,022,155
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 $1,020,984 $1,020,984 0.08 $1,017,274
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 $1,020,125 $1,020,125 0.08 $1,013,400
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 $1,018,852 $1,018,852 0.08 $1,002,812
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,013,636 $1,013,636 0.08 $1,010,458
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 $1,011,058 $1,011,058 0.08 $1,005,755
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 987,223 $1,009,879 $1,009,879 0.08 $1,004,826
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 988,003 $1,009,462 $1,009,462 0.08 $1,007,980
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 $1,009,266 $1,009,266 0.08 $1,007,988
MTN Commercial Mortgage Trust 2022-LPFL F 9.245169% 15-MAR-2039, 9.25%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,004,936 $1,004,936 0.08 $1,000,313
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $1,000,928 $1,000,928 0.08 $997,740
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.5218% 25-OCT-2044, 5.52%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $991,588 $991,588 0.08 $990,373
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 968,250 $955,185 $955,185 0.07 $951,742
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $919,663 $919,663 0.07 $916,099
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $908,403 $908,403 0.07 $907,405
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.1218% 25-DEC-2031, 6.12%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 878,140 $884,161 $884,161 0.07 $882,966
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 870,934 $874,089 $874,089 0.07 $871,185
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 877,530 $861,899 $861,899 0.07 $861,216
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $853,577 $853,577 0.06 $847,119
Connecticut Avenue Securities, Series 2021-R02 2B1 7.48279% 25-NOV-2041, 7.37%, 11/25/41 CAS 2021-R02 20754KAF8 - - 831,001 $848,867 $848,867 0.06 $847,506
Santander Bank Auto Credit-Linked Notes, Series 2024-B G 12.231% 15-DEC-2032, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 830,448 $843,282 $843,282 0.06 $838,203
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $843,033 $843,033 0.06 $842,057
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 830,448 $842,213 $842,213 0.06 $838,526
Connecticut Avenue Securities Trust 2022-R07 1M2 8.7218% 25-JUN-2042, 8.72%, 06/25/42 CAS 2022-R07 20754MCB1 - - 783,000 $825,682 $825,682 0.06 $824,164
Hudson's Bay Simon JV Trust 2015-HBS C10 5.447% 05-AUG-2034, 5.63%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $808,983 $808,983 0.06 $804,685
Flagship Credit Auto Trust 2022-1 C 3.06% 15-MAR-2028, 3.06%, 03/15/28 FCAT 2022-1 33845VAE1 - - 806,298 $801,984 $801,984 0.06 $800,751
BXHPP Trust 2021-FILM A 4.723% 15-AUG-2036, 4.72%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $793,324 $793,324 0.06 $791,387
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $784,864 $784,864 0.06 $781,906
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 763,044 $777,672 $777,672 0.06 $774,257
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.39348% 25-OCT-2057, 8.42%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 725,766 $769,757 $769,757 0.06 $768,399
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 757,576 $761,013 $761,013 0.06 $759,159
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $758,638 $758,638 0.06 $756,028
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 757,576 $755,437 $755,437 0.06 $752,658
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 5.8718% 25-JUN-2047, 5.87%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 748,701 $749,287 $749,287 0.06 $748,292
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.8218% 25-JUN-2047, 6.82%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 727,309 $744,349 $744,349 0.06 $743,246
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 738,688 $739,044 $739,044 0.06 $738,174
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 $725,839 $725,839 0.06 $724,576
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $715,989 $715,989 0.05 $713,136
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $704,847 $704,847 0.05 $702,435
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $704,055 $704,055 0.05 $703,240
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $666,376 $666,376 0.05 $636,827
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 654,416 $662,667 $662,667 0.05 $660,357
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 642,672 $658,900 $658,900 0.05 $653,610
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 642,672 $655,345 $655,345 0.05 $651,312
Ally Bank Auto Credit-Linked Notes, Series 2025-A F 6.942% 15-JUN-2033, 6.94%, 06/15/33 ABCLN 2025-A 02007G5J8 - - 645,373 $652,197 $652,197 0.05 $649,957
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.6718% 25-DEC-2031, 7.67%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 621,033 $627,730 $627,730 0.05 $626,671
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 $619,319 $619,319 0.05 $601,677
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 608,860 $617,185 $617,185 0.05 $613,762
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 571,500 $572,463 $572,463 0.04 $571,835
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $566,531 $566,531 0.04 $565,533
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 7.34888% 20-SEP-2033, 7.35%, 09/20/33 HACLN 2025-2 44644NAR0 - - 545,479 $547,345 $547,345 0.04 $545,897
Mello Warehouse Securitization Trust 2024-1 F 9.179% 25-OCT-2057, 9.20%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $541,520 $541,520 0.04 $540,411
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $535,396 $535,396 0.04 $532,803
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.34888% 20-MAY-2032, 9.35%, 05/20/32 HACLN 2024-1 44644NAD1 - - 517,823 $533,511 $533,511 0.04 $531,763
TYSN 2023-CRNR Mortgage Trust A 6.579745% 10-DEC-2038, 6.80%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $529,655 $529,655 0.04 $526,633
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $522,882 $522,882 0.04 $520,845
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 $518,646 $518,646 0.04 $518,221
Connecticut Avenue Securities, Series 2021-R01 1M2 5.6218% 25-OCT-2041, 5.62%, 10/25/41 CAS 2021-R01 20754RAB2 - - 513,535 $515,760 $515,760 0.04 $515,118
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 $514,251 $514,251 0.04 $512,647
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $513,427 $513,427 0.04 $511,937
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 $513,166 $513,166 0.04 $511,576
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $512,468 $512,468 0.04 $510,930
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 494,857 $511,906 $511,906 0.04 $509,458
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $510,799 $510,799 0.04 $509,349
Gracie Point International Funding, Series 2024-1 C 7.85559% 01-MAR-2028, 7.86%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $510,650 $510,650 0.04 $500,612
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $510,634 $510,634 0.04 $509,127
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $510,412 $510,412 0.04 $508,952
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 507,839 $509,014 $509,014 0.04 $507,743
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $508,877 $508,877 0.04 $507,232
WB Commercial Mortgage Trust 2024-HQ D 8.0108% 16-MAR-2040, 8.28%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $504,053 $504,053 0.04 $500,374
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $503,462 $503,462 0.04 $501,740
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $462,140 $462,140 0.04 $460,228
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 452,453 $459,053 $459,053 0.03 $457,831
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $426,829 $426,829 0.03 $425,243
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 412,951 $414,717 $414,717 0.03 $413,110
FHF Trust 2023-1 (First Help Financial) A2 6.57% 15-JUN-2028, 6.57%, 06/15/28 FHF 2023-1A 30331GAC5 - - 409,770 $413,120 $413,120 0.03 $411,774
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $410,456 $410,456 0.03 $409,102
Santander Bank Auto Credit-Linked Notes, Series 2023-B F 12.24% 15-DEC-2033, 12.24%, 12/15/33 SBCLN 2023-B 80290CCF9 - - 386,130 $403,826 $403,826 0.03 $401,463
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 388,463 $396,144 $396,144 0.03 $394,607
BAMLL Re-REMIC Trust 2024-FRR4 E 0.011205% 27-NOV-2048, 0.01%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $395,693 $395,693 0.03 $395,674
BAMLL Re-REMIC Trust 2024-FRR4 F 0.010514% 27-JAN-2026, 0.01%, 11/27/48 BAMLL 05493VAL8 - - 399,958 $395,440 $395,440 0.03 $395,051
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 $386,468 $386,468 0.03 $385,160
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.39348% 25-OCT-2057, 7.42%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 371,229 $385,466 $385,466 0.03 $384,854
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $371,390 $371,390 0.03 $369,664
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 359,589 $370,384 $370,384 0.03 $369,347
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $364,426 $364,426 0.03 $356,853
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 - - 396,295 $361,740 $361,740 0.03 $361,423
Connecticut Avenue Securities Trust 2023-R05 1B1 8.8218% 25-JUN-2043, 8.82%, 06/25/43 CAS 2023-R05 207942AC7 - - 310,000 $332,507 $332,507 0.03 $331,899
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $324,501 $324,501 0.02 $323,991
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $319,616 $319,616 0.02 $318,371
BX Commercial Mortgage Trust 2024-MF C 5.89986% 15-FEB-2039, 5.90%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $310,507 $310,507 0.02 $309,592
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 296,914 $307,874 $307,874 0.02 $305,981
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 $301,681 $301,681 0.02 $301,331
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 $301,529 $301,529 0.02 $299,956
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $300,276 $300,276 0.02 $298,876
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $299,118 $299,118 0.02 $299,118
CSMC 2021-BHAR E 7.574% 15-NOV-2038, 7.57%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $296,989 $296,989 0.02 $295,853
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.6218% 25-FEB-2050, 5.62%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 291,358 $285,585 $285,585 0.02 $285,221
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 279,560 $283,480 $283,480 0.02 $282,509
Hudson's Bay Simon JV Trust 2015-HBS C7 5.159% 05-AUG-2034, 5.33%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 282,366 $280,506 $280,506 0.02 $279,168
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 263,426 $265,918 $265,918 0.02 $264,392
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 261,329 $262,064 $262,064 0.02 $261,572
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 257,420 $262,033 $262,033 0.02 $261,176
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 $255,854 $255,854 0.02 $254,883
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 $249,900 $249,900 0.02 $248,955
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $249,518 $249,518 0.02 $248,614
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 242,256 $243,234 $243,234 0.02 $242,351
BXHPP Trust 2021-FILM B 4.973% 15-AUG-2036, 4.97%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $236,399 $236,399 0.02 $235,777
Santander Bank Auto Credit-Linked Notes, Series 2024-B E 6.799% 15-DEC-2032, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 230,680 $232,936 $232,936 0.02 $232,152
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 $216,812 $216,812 0.02 $216,383
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 206,146 $206,650 $206,650 0.02 $206,409
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $205,182 $205,182 0.02 $204,085
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,602 $204,602 0.02 $203,654
Readycap Lending Small Business Loan Trust 2023-3 A 7.07% 25-APR-2048, 7.07%, 04/25/48 RCLT 75576AAA1 - - 202,296 $203,991 $203,991 0.02 $203,673
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 159,950 $164,277 $164,277 0.01 $163,864
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $159,494 $159,494 0.01 $159,361
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 190,357 $149,047 $149,047 0.01 $148,988
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 124,770 $128,675 $128,675 0.01 $127,551
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 119,311 $120,279 $120,279 0.01 $119,928
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $102,012 $102,012 0.01 $101,918
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $101,010 $101,010 0.01 $100,918
Ginnie Mae REMIC Trust 2005-065 FA 4.29552% 20-AUG-2035, 4.22%, 08/20/35 GNR 2005-65 38374LL25 - - 99,550 $98,351 $98,351 0.01 $98,199
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $93,944 $93,944 0.01 $93,851
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 - - 88,376 $89,445 $89,445 0.01 $89,114
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $73,158 $73,158 0.01 $73,080
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 69,390 $69,667 $69,667 0.01 $69,481
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 65,560 $65,608 $65,608 0.00 $65,511
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 - - 58,694 $59,915 $59,915 0.00 $59,788
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 53,259 $53,087 $53,087 0.00 $52,905
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.7218% 25-JAN-2034, 5.72%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 49,374 $49,559 $49,559 0.00 $49,496
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 $46,988 $46,988 0.00 $46,953
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 27,558 $27,762 $27,762 0.00 $27,723
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 21,612 $21,631 $21,631 0.00 $21,600
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 12,915 $13,007 $13,007 0.00 $12,942
US 10yr Ultra Fut Mar26 MAR 26 UXYH6 FUTURES_USD - -294.00 $-33,979,969 $0 0.00 $0
US ULTRA BOND CBT Mar26 MAR 26 WNH6 FUTURES_USD - -109.00 $-13,042,531 $0 0.00 $0
US 10YR NOTE (CBT)Mar26 MAR 26 TYH6 FUTURES_USD - -124.00 $-13,998,438 $0 0.00 $0
US 2YR NOTE (CBT) Mar26 MAR 26 TUH6 FUTURES_USD - 1,949 $406,838,524 $0 0.00 $0
US 5YR NOTE (CBT) Mar26 MAR 26 FVH6 FUTURES_USD - 1,594 $174,543,000 $0 0.00 $0
ESZ5 19Dec25 Call (AMERICAN PHYSICAL) 7175 ESZ5C ESZ5 INDEX $7,175.00 -89.00 $-30,439,112 $-7,120 0.00 $-7,120
ESZ5 19Dec25 Put (AMERICAN PHYSICAL) 6150 ESZ5P ESZ5 INDEX $6,150.00 -89.00 $30,439,112 $-20,248 0.00 $-20,248
UMBS TBA 30yr 5% December Delivery, 5.00%, 12/11/25 FNCL 01F0506C5 - - -63,560,000 $-63,350,252 $-63,350,252 -4.81 $-63,350,252
UMBS TBA 30yr 2.5% December Delivery, 2.50%, 12/11/25 FNCL 01F0226C4 - - -189,990,000 $-161,259,902 $-161,259,902 -12.25 $-161,259,902
SEGREGATED CASH SEGCASH - $0.00 6,490,000 $6,490,000 $6,490,000 0.49 $6,490,000
US DOLLARS USD MD_142224 - - -337,902,673 $-337,902,673 $-337,902,673 -25.66 $-337,902,673
PGIM AAA CLO ETF 05/07/26 PAAA US 69344A834 $51.33 1,169,022 $59,947,448 $187,453 0.01 $-52,606
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,514,229 $59,755 0.00 $-119,669
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,725,543 $8,640 0.00 $-17,303
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,337,500 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,139,062 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,212,500 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,264,062 $0 0.00 $0
Janus Henderson publishes this listing of identities and quantities of each position held by the fund on each business day, before commencement of trading. Securities are reported at market value.
The portfolio data and its presentation here is based on the investment book of record and may differ from the accounting book of record and complete schedules of investments in regulatory filings due to differing accounting and reporting standards.

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