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

Short Duration Income ETF Holdings

Full Portfolio Holdings

(As of September 5, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028, 4.95%, 01/14/28 MS 61690U8A1 - - 43,610,000 $44,395,938 $44,395,938 1.62 $44,072,003
Citigroup Inc. 5.61% 29-SEP-2026, 5.61%, 09/29/26 C 172967NX5 - - 35,000,000 $35,890,831 $35,890,831 1.31 $35,023,619
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,579,662 $34,579,662 1.26 $33,742,050
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,576,677 $27,576,677 1.01 $27,455,925
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,400,759 $26,400,759 0.97 $26,172,251
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $26,224,203 $26,224,203 0.96 $25,767,697
Bank Australia Limited FRN 21-FEB-2028, 5.84%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,512,190 $25,512,190 0.93 $25,439,986
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,353,735 $25,353,735 0.93 $25,203,382
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,837,643 $23,837,643 0.87 $23,716,973
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,491,682 $23,491,682 0.86 $23,155,518
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 23,251,403 $23,481,941 $23,481,941 0.86 $23,440,463
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,287,705 $23,287,705 0.85 $23,100,774
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,262,465 $23,262,465 0.84 $22,945,519
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 22,400,000 $22,904,793 $22,904,793 0.83 $22,860,709
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,823,513 $22,823,513 0.83 $22,815,998
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,080,642 $22,080,642 0.80 $21,911,551
BX Trust 2025-ROIC A 5.50693% 15-FEB-2042, 5.51%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,960,778 $20,960,778 0.76 $20,884,195
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,773,471 $20,773,471 0.75 $20,270,868
Toyota Motor Credit Corporation FRN 05-SEP-2028, 5.13%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,679,966 $20,679,966 0.75 $20,671,194
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,612,044 $20,612,044 0.75 $20,292,728
Amgen Inc. 5.507% 02-MAR-2026, 5.51%, 03/02/26 AMGN 031162DN7 - - 20,025,000 $20,046,161 $20,046,161 0.73 $20,027,781
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $19,949,675 $19,949,675 0.72 $19,772,751
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,817,385 $19,817,385 0.72 $19,439,805
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,652,173 $19,652,173 0.71 $19,247,627
NOW Trust 2024-1 A 4.9624% 14-JUN-2032, 4.96%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 29,197,963 $19,324,957 $19,324,957 0.70 $19,259,884
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,265,692 $19,265,692 0.70 $19,250,889
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,989,135 $18,989,135 0.69 $18,845,993
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,735,503 $17,735,503 0.64 $17,363,449
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,734,152 $17,734,152 0.64 $17,660,219
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,682,643 $17,682,643 0.64 $17,634,320
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,620,757 $17,620,757 0.64 $17,330,655
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,531,073 $17,531,073 0.63 $17,088,850
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,525,238 $17,525,238 0.63 $17,210,319
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,470,924 $17,470,924 0.63 $17,402,428
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,447,589 $17,447,589 0.63 $17,086,082
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $16,995,733 $16,995,733 0.62 $16,880,204
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,802,830 $16,802,830 0.61 $16,577,971
Morgan Stanley 6.138% 16-OCT-2026, 6.14%, 10/16/26 MS 61747YEX9 - - 16,250,000 $16,672,864 $16,672,864 0.60 $16,279,435
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,569,499 $16,569,499 0.60 $16,466,095
DBS Group Holdings Ltd 5.479% 12-SEP-2025, 5.48%, 09/12/25 DBSSP 24023KAJ7 - - 15,800,000 $16,224,437 $16,224,437 0.59 $15,801,215
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $16,180,889 $16,180,889 0.59 $15,854,676
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $15,996,736 $15,996,736 0.58 $15,948,291
NOW Trust 2025-1 A 4.7124% 14-FEB-2034, 4.71%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 24,151,719 $15,917,387 $15,917,387 0.58 $15,866,272
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,535,443 $15,535,443 0.56 $15,306,426
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,487,493 $15,487,493 0.56 $15,183,014
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,296,013 $15,296,013 0.55 $15,003,619
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,275,825 $15,275,825 0.55 $15,117,378
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $15,170,383 $15,170,383 0.55 $14,764,226
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,138,854 $15,138,854 0.55 $15,125,309
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $15,017,056 $15,017,056 0.54 $14,878,281
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.84839% 25-OCT-2041, 5.85%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 14,823,819 $14,915,439 $14,915,439 0.54 $14,881,724
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,824,017 $14,824,017 0.54 $14,736,663
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,768,018 $14,768,018 0.53 $14,486,425
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,704,602 $14,704,602 0.53 $14,451,275
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,542,386 $14,542,386 0.53 $14,254,199
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,404,794 $14,404,794 0.52 $14,091,707
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,354,173 $14,354,173 0.52 $14,012,711
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $13,927,281 $13,927,281 0.50 $13,708,190
RAF ABS Series 2025-1 A 4.62% 09-DEC-2031, 4.51%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 21,030,000 $13,827,509 $13,827,509 0.50 $13,796,864
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,809,275 $13,809,275 0.50 $13,723,387
Newcastle Greater Mutual Group Ltd FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,737,761 $13,737,761 0.50 $13,686,054
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,685,261 $13,685,261 0.50 $13,438,861
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,666,081 $13,666,081 0.49 $13,653,960
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,635,490 $13,635,490 0.49 $13,322,471
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,629,174 $13,629,174 0.49 $13,497,550
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,245,600 $13,245,600 0.48 $12,989,011
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,211,720 $13,211,720 0.48 $12,988,870
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,173,401 $13,173,401 0.48 $13,022,791
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,155,287 $13,155,287 0.48 $12,904,024
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $13,150,762 $13,150,762 0.48 $12,915,203
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $13,076,983 $13,076,983 0.47 $12,731,275
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,065,501 $13,065,501 0.47 $13,038,835
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,061,308 $13,061,308 0.47 $13,034,204
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,037,784 $13,037,784 0.47 $12,929,144
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $12,999,180 $12,999,180 0.47 $12,986,430
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $12,958,925 $12,958,925 0.47 $12,883,878
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,672,027 $12,672,027 0.46 $12,642,702
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $12,292,814 $12,292,814 0.44 $11,999,840
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,279,465 $12,279,465 0.44 $12,218,293
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,254,058 $12,254,058 0.44 $12,170,034
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,193,819 $12,193,819 0.44 $12,123,578
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $12,104,333 $12,104,333 0.44 $11,839,038
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $11,996,669 $11,996,669 0.43 $11,773,603
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $11,949,751 $11,949,751 0.43 $11,887,035
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,914,275 $11,914,275 0.43 $11,719,639
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,542,775 $11,831,358 $11,831,358 0.43 $11,757,912
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,818,913 $11,818,913 0.43 $11,603,480
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,676,895 $11,676,895 0.42 $11,632,462
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,672,917 $11,672,917 0.42 $11,615,249
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,518,224 $11,518,224 0.42 $11,494,166
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,476,653 $11,476,653 0.42 $11,317,955
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,457,887 $11,457,887 0.41 $11,445,163
NRTH 2024-PARK Mortgage Trust A 6.0044% 15-MAR-2039, 6.00%, 03/15/41 NRTH 2024-PARK 67021HAA4 - - 11,400,000 $11,440,815 $11,440,815 0.41 $11,395,182
Kiwibank Limited FRN 23-SEP-2025, 4.82%, 09/23/25 KIWI Q5S26ZAL7 - - 17,230,000 $11,414,190 $11,414,190 0.41 $11,299,389
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,200,087 $11,200,087 0.41 $11,107,825
Plenti PL & Green ABS Trust 2024-2 A1 4.7775% 11-APR-2036, 4.78%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 16,660,784 $10,981,153 $10,981,153 0.40 $10,941,116
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,945,361 $10,945,361 0.40 $10,919,434
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.96%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,791,486 $10,791,486 0.39 $10,680,663
Connecticut Avenue Securities Trust 2024-R06 1M2 5.94839% 25-SEP-2044, 5.95%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,724,529 $10,724,529 0.39 $10,699,840
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.54839% 25-MAY-2045, 5.55%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 10,554,061 $10,588,230 $10,588,230 0.38 $10,565,458
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,578,455 $10,578,455 0.38 $10,493,890
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 10,406,593 $10,533,034 $10,533,034 0.38 $10,504,718
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,508,808 $10,508,808 0.38 $10,311,387
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 10,403,671 $10,476,933 $10,476,933 0.38 $10,458,524
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,433,849 $10,433,849 0.38 $10,189,443
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,345,808 $10,345,808 0.37 $10,220,173
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,289,952 $10,289,952 0.37 $10,210,150
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,202,045 $10,202,045 0.37 $10,094,358
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,062,524 $10,062,524 0.36 $9,851,919
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,912,321 $9,912,321 0.36 $9,759,787
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,790,020 $9,861,218 $9,861,218 0.36 $9,807,007
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,780,253 $9,780,253 0.35 $9,635,078
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,737,191 $9,737,191 0.35 $9,714,313
Domino's Pizza Master Issuer Series 2021-1 2021-A2I 2.662% 25-APR-2051, 2.66%, 04/25/51 DPABS 2021-1A 25755TAN0 - - 10,198,608 $9,687,898 $9,687,898 0.35 $9,655,470
Westpac Banking Corporation FRN 10-JUL-2034, 5.79%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,597,372 $9,597,372 0.35 $9,508,142
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,518,327 $9,518,327 0.34 $9,432,650
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 9,415,657 $9,440,434 $9,440,434 0.34 $9,420,301
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.59839% 25-MAR-2044, 5.60%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 9,258,930 $9,287,618 $9,287,618 0.34 $9,267,460
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,252,691 $9,252,691 0.33 $9,181,803
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $9,176,235 $9,176,235 0.33 $8,986,915
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,170,174 $9,170,174 0.33 $8,995,435
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 8,944,778 $9,089,901 $9,089,901 0.33 $9,062,383
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,038,464 $9,038,464 0.33 $8,946,264
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $8,993,304 $8,993,304 0.33 $8,964,769
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,972,183 $8,972,183 0.32 $8,810,256
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 8,783,057 $8,843,508 $8,843,508 0.32 $8,821,740
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,639,079 $8,639,079 0.31 $8,563,867
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,614,988 $8,614,988 0.31 $8,592,410
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.05%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 12,917,017 $8,537,725 $8,537,725 0.31 $8,504,930
Connecticut Avenue Securities Trust 2024-R01 1M1 5.39839% 25-JAN-2044, 5.40%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 8,436,354 $8,454,059 $8,454,059 0.31 $8,436,348
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,360,535 $8,360,535 0.30 $8,207,239
Commonwealth Bank of Australia FRN 10-SEP-2030, 5.91%, 09/10/30 CBAAU AU3FN0055992 - - 12,500,000 $8,315,924 $8,315,924 0.30 $8,196,483
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,269,834 $8,269,834 0.30 $8,069,431
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,242,151 $8,242,151 0.30 $8,227,337
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,234,915 $8,234,915 0.30 $8,065,240
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,220,077 $8,220,077 0.30 $8,188,413
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,128,173 $8,128,173 0.29 $8,122,137
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,070,566 $8,070,566 0.29 $8,004,821
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,052,017 $8,052,017 0.29 $8,052,017
LSEG US FIN Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,978,632 $7,978,632 0.29 $7,811,257
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,932,563 $7,932,563 0.29 $7,913,396
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,811,391 $7,811,391 0.28 $7,725,002
Westpac Banking Corporation FRN 29-JAN-2031, 5.44%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,809,465 $7,809,465 0.28 $7,762,162
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,793,434 $7,793,434 0.28 $7,793,434
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,652,123 $7,652,123 0.28 $7,607,316
Connecticut Avenue Securities Trust 2025-R03 2M1 5.94839% 25-MAR-2045, 5.95%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,595,851 $7,645,357 $7,645,357 0.28 $7,627,785
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,546,957 $7,546,957 0.27 $7,458,071
Cargill, Incorporated 4.875% 10-OCT-2025, 4.88%, 10/10/25 CARGIL 141781BY9 - - 7,375,000 $7,524,904 $7,524,904 0.27 $7,377,097
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.55%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,486,265 $7,517,795 $7,517,795 0.27 $7,501,641
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,415,908 $7,415,908 0.27 $7,388,694
Metro Finance 2024-1 Trust|4.815|09/17/2030, 4.82%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 11,185,550 $7,389,994 $7,389,994 0.27 $7,369,676
RESIMAC Bastille Trust 2024-1NC A2 4.9175% 13-SEP-2055, 4.92%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 11,000,574 $7,279,741 $7,279,741 0.26 $7,254,475
Taco Bell Funding Series 2016-1 A2III 4.97% 25-MAY-2046, 4.97%, 05/25/46 BELL 2016-1A 87342RAC8 - - 7,261,763 $7,276,946 $7,276,946 0.26 $7,263,913
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,251,948 $7,251,948 0.26 $7,125,948
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,193,474 $7,193,474 0.26 $7,088,474
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.39839% 25-JAN-2045, 5.40%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 7,127,166 $7,142,126 $7,142,126 0.26 $7,127,164
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $7,091,413 $7,091,413 0.26 $6,933,388
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.54839% 25-AUG-2044, 5.55%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 7,066,361 $7,085,939 $7,085,939 0.26 $7,070,692
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $7,049,093 $7,049,093 0.26 $6,899,081
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,988,089 $6,988,089 0.25 $6,950,669
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,818,146 $6,818,146 0.25 $6,688,923
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 5.16%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,817,544 $6,817,544 0.25 $6,817,544
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,811,623 $6,811,623 0.25 $6,777,305
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,779,101 $6,779,101 0.25 $6,640,956
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,775,892 $6,775,892 0.25 $6,659,046
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,753,852 $6,753,852 0.24 $6,725,439
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,637,250 $6,637,250 0.24 $6,623,656
Plenti PL & Green ABS Trust 2025-1 A1G 4.7975% 11-NOV-2036, 4.80%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 9,981,390 $6,582,897 $6,582,897 0.24 $6,558,810
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,500,000 $6,561,074 $6,561,074 0.24 $6,540,455
SK Hynix Inc|4.25|09/11/2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,515,799 $6,515,799 0.24 $6,515,799
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,514,423 $6,514,423 0.24 $6,363,734
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,491,610 $6,491,610 0.23 $6,444,404
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,471,017 $6,471,017 0.23 $6,433,902
Westpac Banking Corporation FRN 03-APR-2034, 6.01%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,428,335 $6,428,335 0.23 $6,359,641
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,416,138 $6,416,138 0.23 $6,355,995
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,380,899 $6,380,899 0.23 $6,359,424
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,282,463 $6,282,463 0.23 $6,244,255
Connecticut Avenue Securities Trust 2025-R01 1M2 5.84839% 25-JAN-2045, 5.85%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,223,359 $6,223,359 0.23 $6,209,244
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 5,790,000 $6,062,567 $6,062,567 0.22 $6,056,487
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,982,362 $5,982,362 0.22 $5,918,172
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $5,912,661 $5,912,661 0.21 $5,860,213
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,892,890 $5,892,890 0.21 $5,809,218
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,882,232 $5,882,232 0.21 $5,805,797
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,881,871 $5,881,871 0.21 $5,775,978
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,777,698 $5,777,698 0.21 $5,740,149
Connecticut Avenue Securities, Series 2021-R01 1M2 5.89839% 25-OCT-2041, 5.90%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,723,387 $5,756,121 $5,756,121 0.21 $5,742,993
Insurance Australia Group Limited FRN 15-DEC-2036, 6.56%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,751,962 $5,751,962 0.21 $5,666,269
Plenti PL & Green ABS Trust 2025-1 A1 4.7975% 11-NOV-2036, 4.80%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 8,531,103 $5,626,408 $5,626,408 0.20 $5,605,821
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,590,770 $5,590,770 0.20 $5,560,903
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,560,016 $5,560,016 0.20 $5,527,247
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,535,410 $5,535,410 0.20 $5,421,628
MSD Investment Corp. 6.25% 31-MAY-2030, 6.25%, 05/31/30 MSINTM 55354LAA7 - - 5,250,000 $5,489,961 $5,489,961 0.20 $5,347,773
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,364,802 $5,364,802 0.19 $5,353,459
BX Commercial Mortgage Trust 2024-AIRC A 6.05424% 15-AUG-2041, 6.05%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,279,901 $5,279,901 0.19 $5,258,740
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,184,137 $5,184,137 0.19 $5,091,540
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,159,442 $5,159,442 0.19 $5,148,892
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,155,326 $5,155,326 0.19 $5,046,874
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,153,756 $5,153,756 0.19 $5,096,694
NatWest Group Plc 2.875% 19-SEP-2026, 2.88%, 09/19/26 NWG AR7574981 - - 3,690,000 $5,124,551 $5,124,551 0.19 $4,985,427
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,105,849 $5,105,849 0.18 $5,075,016
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,052,373 $5,052,373 0.18 $5,043,363
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,130,125 $4,983,311 $4,983,311 0.18 $4,978,065
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,792,052 $4,792,052 0.17 $4,699,647
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,687,588 $4,687,588 0.17 $4,638,283
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 4,684,660 $4,680,233 $4,680,233 0.17 $4,666,965
Macquarie Bank Limited FRN 17-JUN-2031, 5.66%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,650,827 $4,650,827 0.17 $4,591,882
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,606,710 $4,606,710 0.17 $4,568,577
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,535,298 $4,535,298 0.16 $4,474,294
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,474,792 $4,474,792 0.16 $4,433,292
Liberty Series 2024-1 Auto A 4.7575% 25-MAY-2032, 4.76%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,730,611 $4,437,956 $4,437,956 0.16 $4,429,903
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,430,805 $4,430,805 0.16 $4,401,796
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,110,008 $4,110,008 0.15 $4,096,697
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,101,542 $4,101,542 0.15 $4,011,402
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.79839% 25-OCT-2044, 5.80%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,060,417 $4,060,417 0.15 $4,051,284
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,719,826 $3,719,826 0.13 $3,638,973
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,717,681 $3,717,681 0.13 $3,659,655
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.44839% 25-DEC-2031, 5.45%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,662,383 $3,675,365 $3,675,365 0.13 $3,667,605
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,672,087 $3,672,087 0.13 $3,653,534
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,522,634 $3,522,634 0.13 $3,474,963
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.91%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,521,682 $3,521,682 0.13 $3,461,854
Connecticut Avenue Securities Trust 2025-R01 1M1 5.44839% 25-JAN-2045, 5.45%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,455,625 $3,465,064 $3,465,064 0.13 $3,457,741
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,319,559 $3,319,559 0.12 $3,245,915
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,298,272 $3,298,272 0.12 $3,274,422
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.69839% 25-FEB-2044, 5.70%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 3,251,961 $3,268,473 $3,268,473 0.12 $3,261,267
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA3 M1A 6.64839% 25-AUG-2042, 6.65%, 08/25/42 STACR 2022-HQA3 35564KE39 - - 3,110,499 $3,173,199 $3,173,199 0.11 $3,165,157
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 3,112,777 $3,154,909 $3,154,909 0.11 $3,145,143
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.34839% 25-JUN-2043, 6.35%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 3,108,568 $3,128,287 $3,128,287 0.11 $3,120,612
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,104,166 $3,104,166 0.11 $3,074,439
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,082,505 $3,082,505 0.11 $3,067,756
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,044,108 $3,044,108 0.11 $3,040,581
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.55%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,995,847 $3,006,487 $3,006,487 0.11 $3,000,023
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,951,268 $2,951,268 0.11 $2,916,569
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,943,746 $2,943,746 0.11 $2,904,737
Homeward Opportunities Fund Trust 2025-RRTL2|5.237|09/25/2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,899,526 $2,899,526 0.10 $2,898,263
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,825,003 $2,886,260 $2,886,260 0.10 $2,875,743
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,825,003 $2,883,057 $2,883,057 0.10 $2,872,804
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,838,498 $2,838,498 0.10 $2,767,739
Connecticut Avenue Securities Trust 2025-R02 1M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,780,216 $2,788,695 $2,788,695 0.10 $2,782,749
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.54839% 25-MAY-2044, 5.55%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,724,479 $2,737,596 $2,737,596 0.10 $2,731,717
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,687,748 $2,687,748 0.10 $2,685,332
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,399,864 $2,399,864 0.09 $2,378,934
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,314,450 $2,343,683 $2,343,683 0.08 $2,336,334
Plenti Auto ABS Trust 2025-1 A 4.68% 12-AUG-2033, 4.68%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,499,691 $2,307,686 $2,307,686 0.08 $2,299,741
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,201,599 $2,269,753 $2,269,753 0.08 $2,250,711
Connecticut Avenue Securities Trust 2024-R02 1M1 5.44839% 25-FEB-2044, 5.45%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,235,062 $2,239,787 $2,239,787 0.08 $2,235,051
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,202,131 $2,202,131 0.08 $2,194,598
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,084,334 $2,084,334 0.08 $2,043,404
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,058,712 $2,058,712 0.07 $2,043,040
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,043,943 $2,043,943 0.07 $2,038,051
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.14839% 25-NOV-2041, 6.15%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,021,664 $2,021,664 0.07 $2,016,882
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,016,100 $2,016,100 0.07 $2,015,488
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,982,938 $1,982,938 0.07 $1,976,863
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,750,620 $1,750,620 0.06 $1,711,199
Connecticut Avenue Securities Trust 2023-R06 1M1 6.04839% 25-JUL-2043, 6.05%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,705,395 $1,718,288 $1,718,288 0.06 $1,714,277
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.19839% 25-NOV-2043, 6.20%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,544,454 $1,557,643 $1,557,643 0.06 $1,553,920
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,546,029 $1,546,029 0.06 $1,544,468
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,538,574 $1,538,574 0.06 $1,513,371
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2II 2.493% 20-NOV-2047, 2.49%, 11/20/51 DNKN 2021-1A 233046AQ4 - - 1,569,838 $1,470,381 $1,470,381 0.05 $1,468,424
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,385,141 $1,385,141 0.05 $1,368,701
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.80%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 2,060,000 $1,364,849 $1,364,849 0.05 $1,358,842
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,302,826 $1,302,826 0.05 $1,284,665
General Motors Financial Company, Inc. 6.05% 10-OCT-2025, 6.05%, 10/10/25 GM 37045XDZ6 - - 1,250,000 $1,282,638 $1,282,638 0.05 $1,251,547
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.34839% 25-MAY-2043, 6.35%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,261,454 $1,276,859 $1,276,859 0.05 $1,273,745
Connecticut Avenue Securities Trust 2024-R05 2M1 5.34839% 25-JUL-2044, 5.35%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,224,130 $1,226,305 $1,226,305 0.04 $1,223,759
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,193,240 $1,193,240 0.04 $1,185,950
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,109,161 $1,109,161 0.04 $1,104,391
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $1,007,956 $1,007,956 0.04 $986,075
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $924,511 $924,511 0.03 $921,293
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $861,180 $861,180 0.03 $860,223
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.34839% 25-OCT-2044, 5.35%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 734,130 $735,436 $735,436 0.03 $733,909
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $684,548 $684,548 0.02 $678,438
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $674,568 $674,568 0.02 $662,597
Australian Central Credit Union Ltd. FRN 16-SEP-2031, 6.51%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $666,781 $666,781 0.02 $656,951
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $664,060 $664,060 0.02 $652,657
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $663,097 $663,097 0.02 $657,522
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.53%, 10/14/31 BENAU BR8160425 - - 800,000 $530,214 $530,214 0.02 $525,766
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $368,639 $368,639 0.01 $364,999
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $99,676 $99,676 0.00 $98,221
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $99,002 $99,002 0.00 $98,813
Bayview Opportunity Master Fund VII Trust 2024-SN1 A2 5.67% 15-APR-2027, 5.67%, 04/15/27 BVABS 2024-SN1A 072926AB4 - - 34,913 $35,046 $35,046 0.00 $34,920
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -2,305 $-481,654,962 $0 0.00 $0
AUST 3YR BOND FUT Sep25 SEP 25 YMU5 AU03Y 28U - 595.00 $41,786,206 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,755,380 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - 289.00 $36,352,255 $0 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,925,742 $0 0.00 $0
GLOBAL PAYMENTS INC 0% 09/08/2025, 0.00%, 09/08/25 GPN 37961CW81 - - 71,950,000 $71,920,860 $71,920,860 2.60 $71,920,860
AUTONATION INC 0% 09/08/2025, 0.00%, 09/08/25 AUTONA 05330LW82 - - 71,600,000 $71,570,143 $71,570,143 2.59 $71,570,143
LOCKHEED MARTIN CORP 0% 09/09/2025, 0.00%, 09/09/25 LMTPP 53983LW90 - - 57,150,000 $57,142,936 $57,142,936 2.07 $57,142,936
JABIL INC 0% 09/08/2025, 0.00%, 09/08/25 JBLPP 46652LW86 - - 8,900,000 $8,896,216 $8,896,216 0.32 $8,896,216
TARGA RESOURCES CORP 0% 09/08/2025, 0.00%, 09/08/25 TRGP 87613EW84 - - 8,600,000 $8,596,505 $8,596,505 0.31 $8,596,505
SEGREGATED CASH SEGCASH - $0.00 8,446,800 $8,446,800 $8,446,800 0.31 $8,446,800
AUSTRALIAN DOLLARS AUD - - 11,363,920 $7,451,311 $7,451,311 0.27 $7,451,311
NEW ZEALAND DOLLAR NZD - - 6,957,206 $4,101,280 $4,101,280 0.15 $4,101,280
ENTERGY CORP 0% 09/09/2025, 0.00%, 09/09/25 ETRCP 29366EW93 - - 3,600,000 $3,599,555 $3,599,555 0.13 $3,599,555
BRITISH POUND GBP - - 2,175,583 $2,941,727 $2,941,727 0.11 $2,941,727
EURO EUR - - 1,004,624 $1,179,081 $1,179,081 0.04 $1,179,081
CANADIAN DOLLAR CAD - - 1,540,585 $1,113,944 $1,113,944 0.04 $1,113,944
US DOLLARS USD MD_142224 - - -107,089,933 $-107,089,933 $-107,089,933 -3.88 $-107,089,933
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.97 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.97 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $48,495,299 $48,495,299 1.76 $48,495,299
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-48,495,299 $-48,495,299 -1.76 $-48,495,299
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $44,430,689 $44,430,689 1.61 $44,430,689
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-44,430,689 $-44,430,689 -1.61 $-44,430,689
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $62,811,330 $62,811,330 2.27 $62,811,330
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-62,811,330 $-62,811,330 -2.27 $-62,811,330
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $55,413,093 $55,413,093 2.01 $55,413,093
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-55,413,093 $-55,413,093 -2.01 $-55,413,093
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $19,394,582 $19,394,582 0.70 $19,394,582
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-19,394,582 $-19,394,582 -0.70 $-19,394,582
PARENT OIS PAY FIX USD 3.4775% REC SOFRRATE 27Aug27 CME_US, 3.48%, 08/27/27 - - - 143,000,000 $143,000,000 $143,000,000 5.18 $143,000,000
PARENT OIS PAY FIX USD 3.4775% REC SOFRRATE 27Aug27 CME_US, 3.48%, 08/27/27 - - - -143,000,000 $-143,000,000 $-143,000,000 -5.18 $-143,000,000
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 21Jan26 PAYER GS_US_SW @25.95C 1, 1.00%, 01/21/26 - XXCZU6 UCAXXCZU6 $1.00 524,900,000 $-524,900,000 $898,492 0.03 $898,492
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 21Jan26 PAYER GS_US_SW @19.6C 1, 1.00%, 01/21/26 - UCAXXCZU8 $1.00 -262,450,000 $262,450,000 $-307,090 -0.01 $-307,090
FX Forward|AUD|10/10/2025 +AUDU - - -323,064,500 $-211,943,601 $-211,943,601 -7.67 $-211,943,601
FX Forward|USD|10/10/2025 +AUDU - - 210,783,433 $210,783,433 $210,783,433 7.63 $210,783,433
FX Forward|EUR|10/10/2025 +EUR1 - - -12,260,000 $-14,419,492 $-14,419,492 -0.52 $-14,419,492
FX Forward|USD|10/10/2025 +EUR1 - - 14,423,657 $14,423,657 $14,423,657 0.52 $14,423,657
FX Forward|NZD|10/10/2025 +NZD2 - - -2,180,000 $-1,286,602 $-1,286,602 -0.05 $-1,286,602
FX Forward|USD|10/10/2025 +NZD2 - - 1,308,286 $1,308,286 $1,308,286 0.05 $1,308,286
FX Forward|CAD|10/10/2025 +CADU - - -70,172,000 $-50,821,900 $-50,821,900 -1.84 $-50,821,900
FX Forward|USD|10/10/2025 +CADU - - 51,513,917 $51,513,917 $51,513,917 1.86 $51,513,917
FX Forward|AUD|10/10/2025 +AUD1 - - -323,284,000 $-212,087,602 $-212,087,602 -7.68 $-212,087,602
FX Forward|USD|10/10/2025 +AUD1 - - 210,883,972 $210,883,972 $210,883,972 7.63 $210,883,972
FX Forward|GBP|10/10/2025 +GBPU - - -11,241,000 $-15,203,032 $-15,203,032 -0.55 $-15,203,032
FX Forward|USD|10/10/2025 +GBPU - - 15,236,389 $15,236,389 $15,236,389 0.55 $15,236,389
FX Forward|CAD|10/10/2025 +CADU - - -12,650,000 $-9,161,732 $-9,161,732 -0.33 $-9,161,732
FX Forward|USD|10/10/2025 +CADU - - 9,161,221 $9,161,221 $9,161,221 0.33 $9,161,221
FX Forward|AUD|10/10/2025 +AUDU - - -10,000,000 $-6,560,411 $-6,560,411 -0.24 $-6,560,411
FX Forward|USD|10/10/2025 +AUDU - - 6,520,698 $6,520,698 $6,520,698 0.24 $6,520,698
FX Forward|AUD|10/10/2025 +AUD1 - - 17,000,000 $11,152,699 $11,152,699 0.40 $11,152,699
FX Forward|USD|10/10/2025 +AUD1 - - -11,053,884 $-11,053,884 $-11,053,884 -0.40 $-11,053,884
FX Forward|CAD|10/10/2025 +CADU - - -16,000,000 $-11,587,961 $-11,587,961 -0.42 $-11,587,961
FX Forward|USD|10/10/2025 +CADU - - 11,617,459 $11,617,459 $11,617,459 0.42 $11,617,459
FX Forward|AUD|10/10/2025 +AUDU - - -13,800,000 $-9,053,368 $-9,053,368 -0.33 $-9,053,368
FX Forward|USD|10/10/2025 +AUDU - - 9,013,027 $9,013,027 $9,013,027 0.33 $9,013,027
Janus Henderson publishes this listing of identities and quantities of each position held by the fund on each business day, before commencement of trading. Securities are reported at market value.
The portfolio data and its presentation here is based on the investment book of record and may differ from the accounting book of record and complete schedules of investments in regulatory filings due to differing accounting and reporting standards.

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