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 November 14, 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 $44,705,492 $44,705,492 1.61 $43,967,640
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $33,969,259 $33,969,259 1.22 $33,678,558
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,466,775 $27,466,775 0.98 $27,466,775
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,932,949 $26,932,949 0.96 $26,406,951
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,732,718 $25,732,718 0.92 $25,414,691
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $25,726,869 $25,726,869 0.92 $25,669,806
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,504,431 $25,504,431 0.91 $25,118,297
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,989,912 $23,989,912 0.86 $23,650,131
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,639,847 $23,639,847 0.85 $23,098,414
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 $23,468,628 $23,468,628 0.84 $23,206,998
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,452,376 $23,452,376 0.84 $22,881,137
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,308,429 $23,308,429 0.83 $22,884,236
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $23,036,787 $23,036,787 0.83 $22,955,190
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,228,355 $22,228,355 0.80 $21,850,920
BX Trust 2025-ROIC A 5.176% 15-FEB-2042, 5.18%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,990,231 $20,990,231 0.75 $20,888,611
Toyota Motor Credit Corporation FRN 05-SEP-2028, 4.89%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,942,596 $20,942,596 0.75 $20,736,296
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,281,597 $20,281,597 0.73 $20,169,127
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,162,022 $20,162,022 0.72 $20,140,555
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $20,060,122 $20,060,122 0.72 $19,666,526
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,609,641 $19,609,641 0.70 $19,472,931
Air Lease Corporation 5.1% 01-MAR-2029, 5.10%, 03/01/29 AL 00914AAV4 - - 19,000,000 $19,442,800 $19,442,800 0.70 $19,238,233
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,412,453 $19,412,453 0.70 $19,251,729
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,305,905 $19,305,905 0.69 $19,187,376
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $19,079,266 $19,079,266 0.68 $18,846,210
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 18,132,000 $18,892,767 $18,892,767 0.68 $18,686,063
NOW Trust 2024-1 A 4.9025% 14-JUN-2032, 4.95%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 26,150,096 $17,985,695 $17,985,695 0.64 $17,220,231
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,885,170 $17,885,170 0.64 $17,683,702
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,836,887 $17,836,887 0.64 $17,613,073
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,746,308 $17,746,308 0.64 $17,270,864
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,573,432 $17,573,432 0.63 $17,380,562
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,335,483 $17,335,483 0.62 $17,288,610
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,238,753 $17,238,753 0.62 $17,182,767
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,224,562 $17,224,562 0.62 $17,095,005
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,204,162 $17,204,162 0.62 $17,045,678
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,155,343 $17,155,343 0.61 $16,956,777
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,471,608 $16,471,608 0.59 $16,413,443
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,442,572 $16,442,572 0.59 $16,376,890
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $16,102,419 $16,102,419 0.58 $15,892,813
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $15,861,838 $15,861,838 0.57 $15,801,872
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,357,017 $15,357,017 0.55 $15,066,849
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,272,881 $15,272,881 0.55 $15,103,569
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,256,776 $15,256,776 0.55 $15,166,203
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,256,746 $15,256,746 0.55 $15,239,570
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,086,589 $15,086,589 0.54 $14,990,896
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $14,999,894 $14,999,894 0.54 $14,952,809
Mattel, Inc. 3.75% 01-APR-2029, 3.75%, 04/01/29 MAT 577081BF8 - - 15,375,000 $14,991,505 $14,991,505 0.54 $14,917,834
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,922,690 $14,922,690 0.53 $14,698,349
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,898,133 $14,898,133 0.53 $14,748,131
NOW Trust 2025-1 A 4.6525% 14-FEB-2034, 4.70%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 21,304,397 $14,695,963 $14,695,963 0.53 $13,989,257
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,667,196 $14,667,196 0.53 $14,193,168
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,491,653 $14,491,653 0.52 $14,417,059
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,444,556 $14,444,556 0.52 $14,394,263
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,440,485 $14,440,485 0.52 $14,318,893
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.68279% 25-OCT-2041, 5.68%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 14,144,048 $14,235,860 $14,235,860 0.51 $14,188,973
BAE Systems Plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,162,027 $14,162,027 0.51 $14,063,463
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $14,036,318 $14,036,318 0.50 $13,661,380
Enel Finance International NV 4.125% 30-SEP-2028, 4.12%, 09/30/28 ENELIM 29278GBF4 - - 14,000,000 $14,031,749 $14,031,749 0.50 $13,956,353
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.10%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $13,990,443 $13,990,443 0.50 $13,865,877
Wells Fargo & Company FRN 15-SEP-2029, 5.02%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,961,023 $13,961,023 0.50 $13,838,392
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,895,389 $13,895,389 0.50 $13,680,670
Truist Bank Auto Credit Linked Notes, Series 2025-1 B 4.728% 25-SEP-2033, 4.73%, 09/26/33 TACLN 2025-1 897926CB5 - - 13,808,187 $13,851,958 $13,851,958 0.50 $13,812,062
Atlas Warehouse Lending Company, L.P. 4.625% 15-NOV-2028, 4.62%, 11/15/28 ATWALD 049463AF9 - - 13,831,000 $13,843,530 $13,843,530 0.50 $13,836,422
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,816,563 $13,816,563 0.49 $13,418,363
UBS AG/Stamford CT|4.499646|05/17/2027, 4.50%, 05/17/27 UBS 90261AAE2 - - 13,950,000 $13,789,360 $13,789,360 0.49 $13,789,360
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,756,410 $13,756,410 0.49 $13,604,907
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,730,326 $13,730,326 0.49 $13,489,279
Newcastle Greater Mutual Group Ltd. FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,709,703 $13,709,703 0.49 $13,703,508
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,346,869 $13,346,869 0.48 $13,255,157
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,172,874 $13,172,874 0.47 $13,096,554
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,143,035 $13,143,035 0.47 $13,036,373
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,133,957 $13,133,957 0.47 $12,906,331
Permanent TSB Group Holdings Plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,117,586 $13,117,586 0.47 $12,819,536
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,080,715 $13,080,715 0.47 $12,942,280
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $13,055,532 $13,055,532 0.47 $12,840,531
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $12,966,860 $12,966,860 0.46 $12,929,997
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $12,951,652 $12,951,652 0.46 $12,922,914
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $12,900,669 $12,900,669 0.46 $12,858,792
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $12,847,094 $12,847,094 0.46 $12,832,188
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $12,807,017 $12,807,017 0.46 $12,691,091
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,781,591 $12,781,591 0.46 $12,605,910
RAF ABS Series 2025-1 A 4.5% 09-DEC-2031, 4.50%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 19,434,970 $12,762,261 $12,762,261 0.46 $12,751,286
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,379,292 $12,379,292 0.44 $12,197,523
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,323,644 $12,323,644 0.44 $12,132,257
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,277,032 $12,277,032 0.44 $12,103,670
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $12,019,367 $12,019,367 0.43 $11,875,000
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,954,361 $11,954,361 0.43 $11,640,691
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $11,901,729 $11,901,729 0.43 $11,804,707
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,784,356 $11,784,356 0.42 $11,606,623
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $11,755,746 $11,755,746 0.42 $11,739,016
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,513,700 $11,671,811 $11,671,811 0.42 $11,639,037
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,618,219 $11,618,219 0.42 $11,456,642
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,615,500 $11,615,500 0.42 $11,542,617
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,590,326 $11,590,326 0.42 $11,451,014
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,587,754 $11,587,754 0.42 $11,571,596
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,429,049 $11,429,049 0.41 $11,161,974
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,276,747 $11,276,747 0.40 $11,080,122
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $11,050,693 $11,050,693 0.40 $10,918,210
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.85%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,741,544 $10,741,544 0.38 $10,664,370
Connecticut Avenue Securities Trust 2024-R06 1M2 5.78279% 25-SEP-2044, 5.78%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,723,465 $10,723,465 0.38 $10,687,461
NRTH Commercial Mortgage Trust 2025-PARK A 5.42544% 15-OCT-2040, 5.54%, 10/15/40 NRTH 2025-PARK 669985AA1 - - 10,500,000 $10,563,630 $10,563,630 0.38 $10,510,276
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,504,091 $10,504,091 0.38 $10,357,291
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,436,349 $10,436,349 0.37 $10,206,271
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,370,951 $10,370,951 0.37 $10,185,258
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,339,398 $10,339,398 0.37 $10,287,101
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,288,895 $10,288,895 0.37 $10,079,421
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,242,379 $10,242,379 0.37 $10,169,676
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $9,828,707 $9,828,707 0.35 $9,811,302
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,820,032 $9,820,032 0.35 $9,691,915
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,787,422 $9,787,422 0.35 $9,745,550
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,765,360 $9,735,689 $9,735,689 0.35 $9,711,498
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 $9,618,765 $9,618,765 0.34 $9,602,174
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,612,745 $9,612,745 0.34 $9,602,986
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 9,472,550 $9,593,183 $9,593,183 0.34 $9,554,521
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,576,042 $9,576,042 0.34 $9,402,132
Westpac Banking Corporation FRN 10-JUL-2034, 5.26%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,572,305 $9,572,305 0.34 $9,521,069
Plenti PL & Green ABS Trust 2024-2 A1 4.73% 11-APR-2036, 4.73%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 14,459,682 $9,497,991 $9,497,991 0.34 $9,490,631
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.38279% 25-MAY-2045, 5.38%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 9,292,758 $9,324,392 $9,324,392 0.33 $9,295,213
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,308,227 $9,308,227 0.33 $9,145,052
Athene Global Funding 2.5% 24-MAR-2028, 2.50%, 03/24/28 ATH 04685A2V2 - - 9,677,000 $9,282,312 $9,282,312 0.33 $9,246,695
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,054,290 $9,054,290 0.32 $8,881,678
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $9,049,686 $9,049,686 0.32 $8,938,094
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,035,584 $9,035,584 0.32 $8,979,839
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $8,890,636 $8,890,636 0.32 $8,836,342
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,835,915 $8,835,915 0.32 $8,799,680
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,709,091 $8,709,091 0.31 $8,535,961
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,645,062 $8,645,062 0.31 $8,554,752
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.33279% 25-FEB-2045, 5.33%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 8,589,942 $8,618,794 $8,618,794 0.31 $8,592,073
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 8,527,249 $8,585,726 $8,585,726 0.31 $8,560,191
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,284,904 $8,284,904 0.30 $8,191,461
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 8,114,611 $8,257,173 $8,257,173 0.30 $8,219,726
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 8,193,964 $8,255,768 $8,255,768 0.30 $8,225,305
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,250,345 $8,250,345 0.30 $8,159,947
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,225,081 $8,225,081 0.29 $8,111,500
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,208,788 $8,208,788 0.29 $8,174,484
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,129,884 $8,129,884 0.29 $7,983,131
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,106,716 $8,106,716 0.29 $8,041,237
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.43279% 25-MAR-2044, 5.43%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 8,079,062 $8,106,487 $8,106,487 0.29 $8,080,884
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,059,976 $8,059,976 0.29 $8,028,786
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,051,310 $8,051,310 0.29 $8,023,347
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,997,105 $7,997,105 0.29 $7,920,439
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,873,857 $7,873,857 0.28 $7,704,680
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,850,510 $7,850,510 0.28 $7,799,252
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,829,390 $7,829,390 0.28 $7,760,372
Westpac Banking Corporation FRN 29-JAN-2031, 5.11%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,759,119 $7,759,119 0.28 $7,738,579
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,696,060 $7,696,060 0.28 $7,580,986
Vistra Operations Co. LLC 4.3% 15-OCT-2028, 4.30%, 10/15/28 VST 92840VAX0 - - 7,690,000 $7,675,821 $7,675,821 0.27 $7,641,835
Connecticut Avenue Securities Trust 2024-R01 1M1 5.23279% 25-JAN-2044, 5.23%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 7,574,618 $7,595,438 $7,595,438 0.27 $7,572,317
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,595,377 $7,595,377 0.27 $7,436,795
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,441,676 $7,441,676 0.27 $7,332,819
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.00%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 11,272,960 $7,427,749 $7,427,749 0.27 $7,421,683
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,219,979 $7,219,979 0.26 $7,054,604
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.38%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,142,056 $7,175,288 $7,175,288 0.26 $7,152,862
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,116,082 $7,116,082 0.25 $7,106,632
Connecticut Avenue Securities Trust 2025-R03 2M1 5.78279% 25-MAR-2045, 5.78%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,050,741 $7,088,778 $7,088,778 0.25 $7,064,994
Pershing Square Holdings, Ltd. 3.25% 15-NOV-2030, 3.25%, 11/15/30 PSHNA 71531QAD3 - - 7,500,000 $7,057,347 $7,057,347 0.25 $6,934,118
Hyundai Capital America, Inc. FRN 18-SEP-2028, 5.18%, 09/18/28 HYNMTR 44891AEB9 - - 6,960,000 $7,053,041 $7,053,041 0.25 $6,992,294
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,039,494 $7,039,494 0.25 $6,954,260
UBS Group AG FRN 23-DEC-2029, 4.94%, 12/23/29 UBS 225401BL1 - - 7,000,000 $7,037,670 $7,037,670 0.25 $6,984,221
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $6,957,308 $6,957,308 0.25 $6,906,895
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,941,990 $6,941,990 0.25 $6,925,809
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $6,936,444 $6,936,444 0.25 $6,886,140
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 4.92%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,874,055 $6,874,055 0.25 $6,811,084
Metro Finance 2024-1 Trust|4.72|09/17/2030, 4.72%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 10,373,154 $6,850,704 $6,850,704 0.25 $6,823,480
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,783,841 $6,783,841 0.24 $6,681,921
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,774,715 $6,774,715 0.24 $6,765,592
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,694,458 $6,694,458 0.24 $6,678,178
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,680,794 $6,680,794 0.24 $6,604,666
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,674,651 $6,674,651 0.24 $6,643,750
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,657,976 $6,657,976 0.24 $6,618,761
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,544,814 $6,544,814 0.23 $6,494,176
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,542,315 $6,542,315 0.23 $6,455,865
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.23279% 25-JAN-2045, 5.23%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 6,487,872 $6,504,723 $6,504,723 0.23 $6,484,919
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,473,338 $6,473,338 0.23 $6,352,168
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,430,855 $6,430,855 0.23 $6,364,132
Westpac Banking Corporation FRN 03-APR-2034, 5.46%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,406,711 $6,406,711 0.23 $6,364,805
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,387,180 $6,387,180 0.23 $6,336,053
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.38279% 25-AUG-2044, 5.38%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 6,302,478 $6,327,759 $6,327,759 0.23 $6,307,970
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,318,905 $6,318,905 0.23 $6,214,788
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,253,276 $6,318,210 $6,318,210 0.23 $6,290,612
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,267,844 $6,267,844 0.22 $6,186,106
Connecticut Avenue Securities Trust 2025-R01 1M2 5.68279% 25-JAN-2045, 5.68%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,211,340 $6,211,340 0.22 $6,190,771
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $6,107,042 $6,107,042 0.22 $5,986,313
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $6,036,956 $6,036,956 0.22 $5,932,131
Export-Import Bank of Korea FRN 22-SEP-2028, 4.58%, 09/22/28 EIBKOR 302154EN5 - - 5,902,000 $5,952,070 $5,952,070 0.21 $5,909,480
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,921,970 $5,921,970 0.21 $5,783,488
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,830,806 $5,830,806 0.21 $5,805,916
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,816,026 $5,816,026 0.21 $5,776,917
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,815,881 $5,815,881 0.21 $5,728,507
Insurance Australia Group Limited FRN 15-DEC-2036, 6.03%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,734,584 $5,734,584 0.21 $5,676,322
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,639,803 $5,639,803 0.20 $5,588,469
RESIMAC Bastille Trust 2024-1NC A2 4.8575% 13-SEP-2055, 4.90%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 8,554,071 $5,635,035 $5,635,035 0.20 $5,632,030
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,584,772 $5,584,772 0.20 $5,498,169
Gildan Activewear Inc. 4.7% 07-OCT-2030, 4.70%, 10/07/30 GILCN 375916AF0 - - 5,556,000 $5,540,653 $5,540,653 0.20 $5,511,638
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,428,725 $5,428,725 0.19 $5,408,498
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,400,829 $5,400,829 0.19 $5,336,755
Plenti PL & Green ABS Trust 2025-1 A1G 4.75% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 8,068,303 $5,306,629 $5,306,629 0.19 $5,302,504
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,277,459 $5,277,459 0.19 $5,249,953
Connecticut Avenue Securities, Series 2021-R01 1M2 5.73279% 25-OCT-2041, 5.73%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,217,980 $5,251,588 $5,251,588 0.19 $5,234,138
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,227,784 $5,227,784 0.19 $5,078,645
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,210,729 $5,210,729 0.19 $5,159,740
Repsol E&P Capital Markets US LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,199,827 $5,199,827 0.19 $5,157,897
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,173,071 $5,173,071 0.19 $5,068,571
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,148,135 $5,148,135 0.18 $5,059,801
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,069,314 $5,069,314 0.18 $5,034,286
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,042,425 $5,042,425 0.18 $5,028,564
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 $5,029,665 $5,029,665 0.18 $5,004,311
Santander UK Group Holdings plc 4.32% 22-SEP-2029, 4.32%, 09/22/29 SANUK 80281LAX3 - - 4,756,000 $4,773,880 $4,773,880 0.17 $4,742,491
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 $4,720,403 $4,720,403 0.17 $4,667,332
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,714,105 $4,714,105 0.17 $4,623,811
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,706,003 $4,706,003 0.17 $4,677,853
Hyundai Capital America, Inc. 4.25% 18-SEP-2028, 4.25%, 09/18/28 HYNMTR 44891ADZ7 - - 4,640,000 $4,655,994 $4,655,994 0.17 $4,623,675
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,642,203 $4,642,203 0.17 $4,560,935
Macquarie Bank Limited FRN 17-JUN-2031, 5.11%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,626,809 $4,626,809 0.17 $4,587,802
Plenti PL & Green ABS Trust 2025-1 A1 4.75% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 6,895,985 $4,531,267 $4,531,267 0.16 $4,527,741
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,498,594 $4,498,594 0.16 $4,392,694
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,473,710 $4,473,710 0.16 $4,383,932
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,457,221 $4,457,221 0.16 $4,389,720
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,141,641 $4,141,641 0.15 $4,090,058
Liberty Series 2024-1 Auto A 4.6425% 25-MAY-2032, 4.64%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,231,348 $4,107,212 $4,107,212 0.15 $4,096,316
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.63279% 25-OCT-2044, 5.63%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,063,396 $4,063,396 0.15 $4,050,088
LSEGA Financing Plc 4.5% 19-OCT-2028, 4.50%, 10/19/28 LSELN YK0862044 - - 3,000,000 $3,971,101 $3,971,101 0.14 $3,957,006
Lloyds Banking Group Plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,702,727 $3,702,727 0.13 $3,642,877
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,662,103 $3,662,103 0.13 $3,653,244
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,650,539 $3,650,539 0.13 $3,625,429
Lloyds Banking Group Plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,517,956 $3,517,956 0.13 $3,481,498
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.36%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,494,168 $3,494,168 0.13 $3,453,161
Mattel, Inc. 5.0% 17-NOV-2030, 5.00%, 11/17/30 MAT 577081BG6 - - 3,397,000 $3,405,102 $3,405,102 0.12 $3,405,102
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,321,970 $3,321,970 0.12 $3,267,070
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.28279% 25-DEC-2031, 5.28%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,289,818 $3,303,965 $3,303,965 0.12 $3,293,827
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,263,563 $3,263,563 0.12 $3,243,699
Connecticut Avenue Securities Trust 2025-R01 1M1 5.28279% 25-JAN-2045, 5.28%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,214,516 $3,224,186 $3,224,186 0.12 $3,214,280
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,115,283 $3,115,283 0.11 $3,058,206
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,100,734 $3,100,734 0.11 $3,064,333
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,093,539 $3,093,539 0.11 $3,054,916
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.53279% 25-FEB-2044, 5.53%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 3,069,009 $3,083,073 $3,083,073 0.11 $3,073,168
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,965,934 $2,965,934 0.11 $2,901,307
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,963,825 $2,963,825 0.11 $2,897,350
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 2,915,473 $2,955,211 $2,955,211 0.11 $2,942,484
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,908,440 $2,908,440 0.10 $2,899,182
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.38%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,808,246 $2,819,951 $2,819,951 0.10 $2,811,134
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,779,092 $2,779,092 0.10 $2,758,360
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,717,636 $2,717,636 0.10 $2,702,399
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,590,236 $2,639,415 $2,639,415 0.09 $2,625,998
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,590,236 $2,638,597 $2,638,597 0.09 $2,625,517
Connecticut Avenue Securities Trust 2025-R02 1M1 5.33279% 25-FEB-2045, 5.33%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,541,789 $2,550,274 $2,550,274 0.09 $2,542,367
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.38279% 25-MAY-2044, 5.38%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,525,861 $2,538,377 $2,538,377 0.09 $2,530,446
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.18279% 25-JUN-2043, 6.18%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 2,509,660 $2,526,025 $2,526,025 0.09 $2,516,974
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,383,163 $2,383,163 0.09 $2,378,439
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,190,636 $2,190,636 0.08 $2,189,478
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,130,193 $2,155,155 $2,155,155 0.08 $2,145,744
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,030,148 $2,088,585 $2,088,585 0.07 $2,077,983
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,058,796 $2,058,796 0.07 $2,053,664
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,056,009 $2,056,009 0.07 $2,032,221
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,047,508 $2,047,508 0.07 $2,037,844
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 5.98279% 25-NOV-2041, 5.98%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,023,660 $2,023,660 0.07 $2,016,680
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,015,574 $2,015,574 0.07 $2,006,397
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,998,646 $1,998,646 0.07 $1,973,518
Plenti Auto ABS Trust 2025-1 A 4.65% 12-AUG-2033, 4.64%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,028,051 $1,991,320 $1,991,320 0.07 $1,990,058
Connecticut Avenue Securities Trust 2024-R02 1M1 5.28279% 25-FEB-2044, 5.28%, 02/25/44 CAS 2024-R02 20754GAA8 - - 1,961,183 $1,966,837 $1,966,837 0.07 $1,960,794
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,725,439 $1,725,439 0.06 $1,710,463
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,556,373 $1,556,373 0.06 $1,539,219
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,537,619 $1,537,619 0.06 $1,495,354
Connecticut Avenue Securities Trust 2023-R06 1M1 5.88279% 25-JUL-2043, 5.88%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,520,413 $1,531,798 $1,531,798 0.05 $1,526,580
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 $1,488,277 $1,488,277 0.05 $1,478,819
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.03279% 25-NOV-2043, 6.03%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,397,258 $1,409,187 $1,409,187 0.05 $1,404,269
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,367,106 $1,367,106 0.05 $1,361,634
Lloyds Banking Group Plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,311,497 $1,311,497 0.05 $1,281,051
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,194,609 $1,194,609 0.04 $1,181,336
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.75%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,797,807 $1,185,174 $1,185,174 0.04 $1,184,061
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.18279% 25-MAY-2043, 6.18%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,155,358 $1,171,033 $1,171,033 0.04 $1,166,866
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,114,865 $1,114,865 0.04 $1,098,989
Connecticut Avenue Securities Trust 2024-R05 2M1 5.18279% 25-JUL-2044, 5.18%, 07/25/44 CAS 2024-R05 20754XAB9 - - 995,167 $997,876 $997,876 0.04 $994,867
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $985,534 $985,534 0.04 $980,638
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $919,920 $919,920 0.03 $919,145
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $845,160 $845,160 0.03 $841,130
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $685,987 $685,987 0.02 $675,659
Heritage & People's Choice Ltd. FRN 16-SEP-2031, 5.96%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $663,599 $663,599 0.02 $656,971
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $659,695 $659,695 0.02 $655,877
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $655,871 $655,871 0.02 $653,566
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $655,842 $655,842 0.02 $651,510
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.04%, 10/14/31 BENAU BR8160425 - - 800,000 $528,370 $528,370 0.02 $525,912
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.18279% 25-OCT-2044, 5.18%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 480,449 $481,902 $481,902 0.02 $480,449
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $366,739 $366,739 0.01 $365,704
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $99,721 $99,721 0.00 $98,515
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $97,986 $97,986 0.00 $97,749
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -3,816 $-794,383,879 $0 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,648,125 $0 0.00 $0
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - -1,282 $-89,145,910 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,189,849 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - -137.00 $-17,018,006 $0 0.00 $0
AIR LEASE CORP 0% 11/17/2025, 0.00%, 11/17/25 AL 00913WYH2 - - 50,450,000 $50,432,085 $50,432,085 1.81 $50,432,085
AUTONATION INC 0% 11/17/2025, 0.00%, 11/17/25 AUTONA 05330LYH0 - - 50,350,000 $50,331,124 $50,331,124 1.80 $50,331,124
HCA INC 0% 11/18/2025, 0.00%, 11/18/25 HCA 40412BYJ6 - - 48,700,000 $48,694,318 $48,694,318 1.74 $48,694,318
HCA INC 0% 11/17/2025, 0.00%, 11/17/25 HCA 40412BYH0 - - 44,600,000 $44,584,047 $44,584,047 1.60 $44,584,047
AIR LEASE CORP, 0.00%, 11/18/25 AL - - 21,450,000 $21,447,468 $21,447,468 0.77 $21,447,468
JABIL INC 0% 11/17/2025, 0.00%, 11/17/25 JBLPP 46652LYH4 - - 10,250,000 $10,246,027 $10,246,027 0.37 $10,246,027
SEGREGATED CASH SEGCASH - $0.00 9,619,326 $9,619,326 $9,619,326 0.34 $9,619,326
NEW ZEALAND DOLLAR NZD - - 8,613,286 $4,895,804 $4,895,804 0.18 $4,895,804
AUSTRALIAN DOLLARS AUD - - 6,182,242 $4,047,506 $4,047,506 0.14 $4,047,506
BRITISH POUND GBP - - 2,050,647 $2,694,638 $2,694,638 0.10 $2,694,638
EURO EUR - - 1,197,053 $1,390,144 $1,390,144 0.05 $1,390,144
CANADIAN DOLLAR CAD - - 1,724,777 $1,229,481 $1,229,481 0.04 $1,229,481
US DOLLARS USD MD_142224 - - -82,546,430 $-82,546,430 $-82,546,430 -2.96 $-82,546,430
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.95 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.95 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $46,759,543 $46,759,543 1.67 $46,759,543
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-46,759,543 $-46,759,543 -1.67 $-46,759,543
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $42,840,416 $42,840,416 1.53 $42,840,416
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-42,840,416 $-42,840,416 -1.53 $-42,840,416
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $60,563,172 $60,563,172 2.17 $60,563,172
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-60,563,172 $-60,563,172 -2.17 $-60,563,172
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $53,429,734 $53,429,734 1.91 $53,429,734
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-53,429,734 $-53,429,734 -1.91 $-53,429,734
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $18,700,407 $18,700,407 0.67 $18,700,407
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-18,700,407 $-18,700,407 -0.67 $-18,700,407
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 5.12 $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 -5.12 $-143,000,000
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - 9,800,000 $5,570,334 $5,570,334 0.20 $5,570,334
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - -9,800,000 $-5,570,334 $-5,570,334 -0.20 $-5,570,334
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - 109,400,000 $143,756,324 $143,756,324 5.15 $143,756,324
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - -109,400,000 $-143,756,324 $-143,756,324 -5.15 $-143,756,324
PARENT OIS REC FIX GBP 3.5513% PAY SONIO/N 06Nov27 CME_US, 3.55%, 11/06/27 - - - 55,600,000 $73,060,801 $73,060,801 2.62 $73,060,801
PARENT OIS REC FIX GBP 3.5513% PAY SONIO/N 06Nov27 CME_US, 3.55%, 11/06/27 - - - -55,600,000 $-73,060,801 $-73,060,801 -2.62 $-73,060,801
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 $468,610 0.02 $468,610
PARENT CDS SWAPTION CDX-NAIGS45V1-5Y 19Nov25 60 PAYER CITI_US_SW @8.75C 60, 1.00%, 11/19/25 - UCAXXD8HR $60.00 155,000,000 $-155,000,000 $10,337 0.00 $10,337
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 557.00 $134,223,075 $0 0.00 $0
3 MONTH SOFR FUT Dec27 DEC 27 SFRZ7 FUTURES_USD - -557.00 $-134,780,075 $0 0.00 $0
PARENT CDS SWAPTION CDX-NAIGS45V1-5Y 19Nov25 70 PAYER CITI_US_SW @4.25C 1, 1.00%, 11/19/25 - UCAXXD8HV $1.00 -155,000,000 $155,000,000 $-1,093 0.00 $-1,093
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 $-153,783 -0.01 $-153,783
FX Forward|AUD|01/16/2026 +AUD2 - - -307,605,000 $-201,499,896 $-201,499,896 -7.22 $-201,499,896
FX Forward|USD|01/16/2026 +AUD2 - - 202,961,778 $202,961,778 $202,961,778 7.27 $202,961,778
FX Forward|AUD|01/16/2026 +AUD0 - - -307,645,000 $-201,526,098 $-201,526,098 -7.22 $-201,526,098
FX Forward|USD|01/16/2026 +AUD0 - - 202,800,507 $202,800,507 $202,800,507 7.26 $202,800,507
FX Forward|CAD|01/16/2026 +CADU - - -99,540,000 $-71,196,259 $-71,196,259 -2.55 $-71,196,259
FX Forward|USD|01/16/2026 +CADU - - 71,662,551 $71,662,551 $71,662,551 2.57 $71,662,551
FX Forward|EUR|01/16/2026 +EUR0 - - -12,410,000 $-14,464,117 $-14,464,117 -0.52 $-14,464,117
FX Forward|USD|01/16/2026 +EUR0 - - 14,478,933 $14,478,933 $14,478,933 0.52 $14,478,933
FX Forward|GBP|01/16/2026 +GBP1 - - -10,460,000 $-13,744,722 $-13,744,722 -0.49 $-13,744,722
FX Forward|USD|01/16/2026 +GBP1 - - 14,005,187 $14,005,187 $14,005,187 0.50 $14,005,187
FX Forward|NZD|01/16/2026 +NZD2 - - -2,400,000 $-1,368,047 $-1,368,047 -0.05 $-1,368,047
FX Forward|USD|01/16/2026 +NZD2 - - 1,391,889 $1,391,889 $1,391,889 0.05 $1,391,889
FX Forward|AUD|01/16/2026 - - - 12,000,000 $7,860,726 $7,860,726 0.28 $7,860,726
FX Forward|USD|01/16/2026 - - - -7,829,449 $-7,829,449 $-7,829,449 -0.28 $-7,829,449
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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