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 28, 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 $44,814,653 $44,814,653 1.59 $43,992,817
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,041,510 $34,041,510 1.21 $33,681,829
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,521,025 $27,521,025 0.98 $27,521,025
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $27,071,868 $27,071,868 0.97 $26,485,509
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $25,834,129 $25,834,129 0.92 $25,730,072
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,602,846 $25,602,846 0.90 $25,168,872
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,498,070 $25,498,070 0.90 $25,461,870
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $24,060,120 $24,060,120 0.85 $23,675,882
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,503,623 $23,503,623 0.83 $22,880,788
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 $23,304,973 $23,304,973 0.82 $23,285,830
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,256,635 $23,256,635 0.82 $22,784,140
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,198,646 $23,198,646 0.82 $23,151,048
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $23,027,228 $23,027,228 0.81 $22,930,599
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,310,958 $22,310,958 0.79 $21,891,250
Toyota Motor Credit Corporation FRN 05-SEP-2028, 4.89%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $21,054,437 $21,054,437 0.74 $20,810,359
BX Trust 2025-ROIC A 5.10279% 15-FEB-2042, 5.10%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,915,075 $20,915,075 0.74 $20,866,903
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,339,551 $20,339,551 0.72 $20,177,874
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,240,194 $20,240,194 0.72 $20,181,161
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $20,112,645 $20,112,645 0.71 $19,674,927
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,652,303 $19,652,303 0.69 $19,485,213
Air Lease Corporation 5.1% 01-MAR-2029, 5.10%, 03/01/29 AL 00914AAV4 - - 19,000,000 $19,538,400 $19,538,400 0.69 $19,296,150
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,522,157 $19,522,157 0.69 $19,331,827
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,403,572 $19,403,572 0.69 $19,248,969
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 18,132,000 $18,996,223 $18,996,223 0.67 $18,751,441
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,879,355 $18,879,355 0.67 $18,865,168
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,915,288 $17,915,288 0.63 $17,687,943
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,891,620 $17,891,620 0.63 $17,632,200
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,616,327 $17,616,327 0.62 $17,398,222
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,398,312 $17,398,312 0.61 $17,310,425
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,312,426 $17,312,426 0.61 $17,282,879
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,285,200 $17,285,200 0.61 $17,196,557
NOW Trust 2024-1 A 4.9474% 14-JUN-2032, 4.95%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 26,150,096 $17,283,071 $17,283,071 0.61 $17,243,555
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,255,001 $17,255,001 0.61 $17,096,189
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,233,886 $17,233,886 0.61 $17,039,615
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,227,434 $17,227,434 0.61 $17,012,021
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,576,661 $16,576,661 0.59 $16,491,286
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,523,568 $16,523,568 0.58 $16,435,243
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $15,902,711 $15,902,711 0.56 $15,809,165
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,401,441 $15,401,441 0.54 $15,084,547
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,313,549 $15,313,549 0.54 $15,269,654
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,305,858 $15,305,858 0.54 $15,188,306
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,303,345 $15,303,345 0.54 $15,102,428
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,129,562 $15,129,562 0.53 $15,009,061
Mattel, Inc. 3.75% 01-APR-2029, 3.75%, 04/01/29 MAT 577081BF8 - - 15,375,000 $15,101,303 $15,101,303 0.53 $15,005,209
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $15,032,435 $15,032,435 0.53 $14,973,786
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,962,959 $14,962,959 0.53 $14,710,824
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,927,391 $14,927,391 0.53 $14,745,082
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,561,356 $14,561,356 0.51 $14,460,654
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,515,287 $14,515,287 0.51 $14,366,239
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,507,730 $14,507,730 0.51 $14,431,360
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,202,756 $14,202,756 0.50 $14,077,135
Enel Finance International NV 4.125% 30-SEP-2028, 4.12%, 09/30/28 ENELIM 29278GBF4 - - 14,000,000 $14,107,989 $14,107,989 0.50 $14,010,135
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $14,080,320 $14,080,320 0.50 $13,673,760
NOW Trust 2025-1 A 4.6974% 14-FEB-2034, 4.70%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 21,304,397 $14,036,293 $14,036,293 0.50 $14,005,726
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.10%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $14,018,317 $14,018,317 0.50 $13,867,119
Oceanview Mortgage Trust 2025-INV4|4.99888|12/25/2055, 5.00%, 12/25/55 BVINV 2025-4 67647DAU3 - - 14,000,000 $14,003,925 $14,003,925 0.49 $13,992,261
UBS AG Stamford Branch FRN 17-MAY-2027, 4.52%, 05/17/27 UBS 90261AAE2 - - 13,950,000 $13,976,904 $13,976,904 0.49 $13,954,489
Wells Fargo & Company FRN 15-SEP-2029, 5.02%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,959,849 $13,959,849 0.49 $13,811,016
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,943,072 $13,943,072 0.49 $13,702,212
Atlas Warehouse Lending Company, L.P. 4.625% 15-NOV-2028, 4.62%, 11/15/28 ATWALD 049463AF9 - - 13,831,000 $13,902,829 $13,902,829 0.49 $13,870,844
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,850,759 $13,850,759 0.49 $13,587,510
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.68279% 25-OCT-2041, 5.57%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 13,800,694 $13,843,912 $13,843,912 0.49 $13,831,097
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,794,709 $13,794,709 0.49 $13,614,925
Newcastle Greater Mutual Group Ltd. FRN 14-FEB-2029, 5.50%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,755,597 $13,755,597 0.49 $13,721,296
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,452,344 $13,452,344 0.48 $13,419,344
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,400,849 $13,400,849 0.47 $13,281,224
Truist Bank Auto Credit Linked Notes, Series 2025-1 B 4.728% 25-SEP-2033, 4.73%, 09/26/33 TACLN 2025-1 897926CB5 - - 13,211,226 $13,236,233 $13,236,233 0.47 $13,225,823
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,201,996 $13,201,996 0.47 $13,115,690
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,178,867 $13,178,867 0.47 $13,055,974
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,154,570 $13,154,570 0.46 $12,902,801
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,111,311 $13,111,311 0.46 $12,783,670
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,110,811 $13,110,811 0.46 $12,946,876
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $13,089,836 $13,089,836 0.46 $12,846,439
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,022,050 $13,022,050 0.46 $12,961,730
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $12,987,670 $12,987,670 0.46 $12,930,194
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $12,953,249 $12,953,249 0.46 $12,886,943
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $12,894,300 $12,894,300 0.46 $12,849,584
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $12,843,709 $12,843,709 0.45 $12,698,801
RAF ABS Series 2025-1 A 4.4975% 09-DEC-2031, 4.50%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 19,434,970 $12,804,260 $12,804,260 0.45 $12,771,279
Hertz Vehicle Financing III LLC|4.62|05/25/2030, 4.62%, 05/25/30 HERTZ 2025-5A 42806MDL0 - - 12,800,000 $12,793,336 $12,793,336 0.45 $12,793,336
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.20%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,632,199 $12,632,199 0.45 $12,619,433
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,402,704 $12,402,704 0.44 $12,196,466
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,385,876 $12,385,876 0.44 $12,172,705
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,315,274 $12,315,274 0.44 $12,120,990
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $12,046,931 $12,046,931 0.43 $11,885,997
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $11,954,661 $11,954,661 0.42 $11,836,415
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,803,010 $11,803,010 0.42 $11,598,231
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $11,790,995 $11,790,995 0.42 $11,748,241
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,719,753 $11,719,753 0.41 $11,536,078
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,513,700 $11,713,326 $11,713,326 0.41 $11,653,560
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,659,671 $11,659,671 0.41 $11,635,765
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,636,140 $11,636,140 0.41 $11,553,350
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,627,591 $11,627,591 0.41 $11,462,681
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,607,097 $11,607,097 0.41 $11,565,806
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,530,447 $11,530,447 0.41 $11,239,422
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,304,900 $11,304,900 0.40 $11,087,100
Commonwealth Bank of Australia FRN 20-AUG-2031, 4.96%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,947,135 $10,947,135 0.39 $10,933,818
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.85%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,776,926 $10,776,926 0.38 $10,679,945
Connecticut Avenue Securities Trust 2024-R06 1M2 5.78279% 25-SEP-2044, 5.67%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,686,718 $10,686,718 0.38 $10,676,629
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,593,567 $10,593,567 0.37 $10,433,073
NRTH Commercial Mortgage Trust 2025-PARK A 5.35223% 15-OCT-2040, 5.35%, 10/15/40 NRTH 2025-PARK 669985AA1 - - 10,500,000 $10,514,356 $10,514,356 0.37 $10,489,379
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,459,321 $10,459,321 0.37 $10,208,051
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,396,354 $10,396,354 0.37 $10,189,176
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,362,641 $10,362,641 0.37 $10,292,040
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,309,868 $10,309,868 0.36 $10,079,742
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,261,299 $10,261,299 0.36 $10,166,940
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $9,850,447 $9,850,447 0.35 $9,808,674
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,839,189 $9,839,189 0.35 $9,689,719
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,812,945 $9,812,945 0.35 $9,757,116
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,765,360 $9,793,437 $9,793,437 0.35 $9,749,323
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 $9,717,617 $9,717,617 0.34 $9,690,468
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,656,467 $9,656,467 0.34 $9,629,628
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,605,133 $9,605,133 0.34 $9,413,320
Westpac Banking Corporation FRN 10-JUL-2034, 5.26%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,600,719 $9,600,719 0.34 $9,530,489
Plenti PL & Green ABS Trust 2024-2 A1 4.7299% 11-APR-2036, 4.73%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 14,459,682 $9,524,084 $9,524,084 0.34 $9,499,507
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,335,599 $9,335,599 0.33 $9,153,699
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.38279% 25-MAY-2045, 5.27%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 9,292,758 $9,300,916 $9,300,916 0.33 $9,292,751
Athene Global Funding 2.5% 24-MAR-2028, 2.50%, 03/24/28 ATH 04685A2V2 - - 9,677,000 $9,290,599 $9,290,599 0.33 $9,245,574
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 9,088,659 $9,189,452 $9,189,452 0.32 $9,174,339
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,070,638 $9,070,638 0.32 $8,999,885
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,064,950 $9,064,950 0.32 $8,875,911
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $8,972,037 $8,972,037 0.32 $8,953,011
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $8,958,004 $8,958,004 0.32 $8,886,740
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,866,109 $8,866,109 0.31 $8,814,020
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,728,538 $8,728,538 0.31 $8,535,541
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,684,200 $8,684,200 0.31 $8,580,146
Connecticut Avenue Securities Trust 2022-R02 2M2 7.18279% 25-JAN-2042, 7.07%, 01/25/42 CAS 2022-R02 20754BAB7 - - 8,251,000 $8,415,665 $8,415,665 0.30 $8,405,940
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,327,819 $8,327,819 0.29 $8,218,422
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,267,029 $8,267,029 0.29 $8,159,576
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,243,337 $8,243,337 0.29 $8,194,025
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,208,203 $8,208,203 0.29 $8,078,010
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,153,444 $8,153,444 0.29 $7,990,254
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,127,066 $8,127,066 0.29 $8,047,698
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,086,193 $8,086,193 0.29 $8,037,536
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,070,433 $8,070,433 0.29 $8,020,721
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $8,023,974 $8,023,974 0.28 $7,935,641
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 7,883,222 $7,931,279 $7,931,279 0.28 $7,919,338
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,890,564 $7,890,564 0.28 $7,704,589
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,871,205 $7,871,205 0.28 $7,805,301
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,851,446 $7,851,446 0.28 $7,768,424
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 7,709,804 $7,829,693 $7,829,693 0.28 $7,815,198
Westpac Banking Corporation FRN 29-JAN-2031, 5.11%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,783,978 $7,783,978 0.28 $7,748,243
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 7,692,733 $7,767,495 $7,767,495 0.27 $7,726,393
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 - - 7,735,929 $7,737,839 $7,737,839 0.27 $7,731,107
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,731,003 $7,731,003 0.27 $7,601,671
Vistra Operations Co. LLC 4.3% 15-OCT-2028, 4.30%, 10/15/28 VST 92840VAX0 - - 7,690,000 $7,717,120 $7,717,120 0.27 $7,670,275
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,631,412 $7,631,412 0.27 $7,458,689
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,466,330 $7,466,330 0.26 $7,340,908
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.00%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 11,272,960 $7,448,229 $7,448,229 0.26 $7,427,975
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.43279% 25-MAR-2044, 5.32%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 7,236,448 $7,242,853 $7,242,853 0.26 $7,236,435
Connecticut Avenue Securities Trust 2024-R01 1M1 5.23279% 25-JAN-2044, 5.12%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 7,143,414 $7,144,109 $7,144,109 0.25 $7,138,012
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,139,285 $7,139,285 0.25 $7,115,135
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,085,158 $7,085,158 0.25 $7,071,158
Hyundai Capital America, Inc. FRN 18-SEP-2028, 5.18%, 09/18/28 HYNMTR 44891AEB9 - - 6,960,000 $7,073,162 $7,073,162 0.25 $6,998,729
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,059,743 $7,059,743 0.25 $6,959,957
UBS Group AG FRN 23-DEC-2029, 4.94%, 12/23/29 UBS 225401BL1 - - 7,000,000 $7,046,185 $7,046,185 0.25 $6,979,590
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,993,349 $6,993,349 0.25 $6,963,009
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $6,981,721 $6,981,721 0.25 $6,917,735
Pershing Square Holdings, Ltd. 3.25% 15-NOV-2030, 3.25%, 11/15/30 PSHNA 71531QAD3 - - 7,500,000 $6,973,235 $6,973,235 0.25 $6,962,402
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $6,965,015 $6,965,015 0.25 $6,902,136
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 4.92%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,888,002 $6,888,002 0.24 $6,812,389
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.27%, 07/25/45 CAS 2025-R05 20753CAB6 - - 6,866,323 $6,871,383 $6,871,383 0.24 $6,865,350
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,797,621 $6,797,621 0.24 $6,772,491
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,790,029 $6,790,029 0.24 $6,673,203
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,707,671 $6,707,671 0.24 $6,663,250
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,706,085 $6,706,085 0.24 $6,675,560
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,692,992 $6,692,992 0.24 $6,641,299
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,692,237 $6,692,237 0.24 $6,603,422
Connecticut Avenue Securities Trust 2025-R03 2M1 5.78279% 25-MAR-2045, 5.67%, 03/25/45 CAS 2025-R03 20754VAB3 - - 6,593,176 $6,620,858 $6,620,858 0.23 $6,614,625
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,572,747 $6,572,747 0.23 $6,511,367
Metro Finance 2024-1 Trust|4.7998|09/17/2030, 4.80%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 9,956,161 $6,565,552 $6,565,552 0.23 $6,553,532
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,556,276 $6,556,276 0.23 $6,461,863
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,493,097 $6,493,097 0.23 $6,359,545
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,482,271 $6,482,271 0.23 $6,409,063
Westpac Banking Corporation FRN 03-APR-2034, 5.46%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,420,308 $6,420,308 0.23 $6,365,273
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,403,758 $6,403,758 0.23 $6,340,074
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,366,088 $6,366,088 0.22 $6,248,598
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,335,659 $6,335,659 0.22 $6,240,964
Connecticut Avenue Securities Trust 2025-R01 1M2 5.68279% 25-JAN-2045, 5.57%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,194,797 $6,194,797 0.22 $6,189,034
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $6,141,124 $6,141,124 0.22 $6,006,541
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 5,997,684 $6,060,633 $6,060,633 0.21 $6,047,398
Export-Import Bank of Korea FRN 22-SEP-2028, 4.58%, 09/22/28 EIBKOR 302154EN5 - - 5,902,000 $5,956,243 $5,956,243 0.21 $5,903,456
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,952,807 $5,952,807 0.21 $5,945,740
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,932,061 $5,932,061 0.21 $5,780,989
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,851,015 $5,851,015 0.21 $5,818,711
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,847,508 $5,847,508 0.21 $5,799,976
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,832,400 $5,832,400 0.21 $5,734,918
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.23279% 25-JAN-2045, 5.12%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 5,776,863 $5,778,235 $5,778,235 0.20 $5,773,303
Insurance Australia Group Limited FRN 15-DEC-2036, 6.03%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,751,461 $5,751,461 0.20 $5,680,132
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.38279% 25-AUG-2044, 5.27%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 5,686,757 $5,696,859 $5,696,859 0.20 $5,691,862
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,655,314 $5,655,314 0.20 $5,599,625
RESIMAC Bastille Trust 2024-1NC A2 4.8975% 13-SEP-2055, 4.90%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 8,554,071 $5,654,813 $5,654,813 0.20 $5,641,264
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,613,985 $5,613,985 0.20 $5,516,460
Gildan Activewear Inc. 4.7% 07-OCT-2030, 4.70%, 10/07/30 GILCN 375916AF0 - - 5,556,000 $5,581,020 $5,581,020 0.20 $5,541,850
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,440,291 $5,440,291 0.19 $5,408,263
Plenti PL & Green ABS Trust 2025-1 A1G 4.7499% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 8,068,303 $5,332,518 $5,332,518 0.19 $5,318,747
BX Commercial Mortgage Trust 2024-AIRC A 5.65024% 15-AUG-2041, 5.65%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,264,873 $5,264,873 0.19 $5,251,707
Repsol E&P Capital Markets US LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,243,136 $5,243,136 0.19 $5,191,582
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,200,934 $5,200,934 0.18 $5,086,810
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,221,350 $5,167,252 $5,167,252 0.18 $5,160,822
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,158,454 $5,158,454 0.18 $5,058,454
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,091,879 $5,091,879 0.18 $5,078,768
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,084,294 $5,084,294 0.18 $5,039,836
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,042,389 $5,042,389 0.18 $5,038,231
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,116,800 $5,007,112 $5,007,112 0.18 $5,003,915
Connecticut Avenue Securities, Series 2021-R01 1M2 5.73279% 25-OCT-2041, 5.62%, 10/25/41 CAS 2021-R01 20754RAB2 - - 4,985,869 $4,999,206 $4,999,206 0.18 $4,994,534
Santander UK Group Holdings plc 4.32% 22-SEP-2029, 4.32%, 09/22/29 SANUK 80281LAX3 - - 4,756,000 $4,800,620 $4,800,620 0.17 $4,761,240
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,729,787 $4,729,787 0.17 $4,631,176
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,725,617 $4,725,617 0.17 $4,688,899
Hyundai Capital America, Inc. 4.25% 18-SEP-2028, 4.25%, 09/18/28 HYNMTR 44891ADZ7 - - 4,640,000 $4,677,428 $4,677,428 0.17 $4,637,441
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 4,672,770 $4,671,969 $4,671,969 0.17 $4,662,762
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,661,947 $4,661,947 0.16 $4,571,927
Macquarie Bank Limited FRN 17-JUN-2031, 5.11%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,643,041 $4,643,041 0.16 $4,595,001
Plenti PL & Green ABS Trust 2025-1 A1 4.7499% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 6,895,985 $4,545,722 $4,545,722 0.16 $4,533,952
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,531,744 $4,531,744 0.16 $4,415,965
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,482,961 $4,482,961 0.16 $4,407,649
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,469,677 $4,469,677 0.16 $4,370,063
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,151,982 $4,151,982 0.15 $4,092,634
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.63279% 25-OCT-2044, 5.52%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,057,883 $4,057,883 0.14 $4,054,155
LSEGA Financing Plc 4.5% 19-OCT-2028, 4.50%, 10/19/28 LSELN YK0862044 - - 3,000,000 $4,026,680 $4,026,680 0.14 $4,005,607
Liberty Series 2024-1 Auto A 4.7544% 25-MAY-2032, 4.75%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,005,170 $3,955,095 $3,955,095 0.14 $3,952,022
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,711,619 $3,711,619 0.13 $3,643,390
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,672,166 $3,672,166 0.13 $3,657,106
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,666,829 $3,666,829 0.13 $3,634,689
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,530,379 $3,530,379 0.12 $3,486,758
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.36%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,507,272 $3,507,272 0.12 $3,456,922
Mattel, Inc. 5.0% 17-NOV-2030, 5.00%, 11/17/30 MAT 577081BG6 - - 3,397,000 $3,434,107 $3,434,107 0.12 $3,427,502
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,331,995 $3,331,995 0.12 $3,270,795
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,270,177 $3,270,177 0.12 $3,243,529
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,128,007 $3,128,007 0.11 $3,065,382
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.28279% 25-DEC-2031, 5.17%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,105,164 $3,125,683 $3,125,683 0.11 $3,109,007
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,111,051 $3,111,051 0.11 $3,070,257
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,102,814 $3,102,814 0.11 $3,057,094
Connecticut Avenue Securities Trust 2025-R01 1M1 5.28279% 25-JAN-2045, 5.17%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,023,444 $3,025,297 $3,025,297 0.11 $3,022,691
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,986,595 $2,986,595 0.11 $2,915,896
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,972,792 $2,972,792 0.11 $2,900,744
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,906,782 $2,906,782 0.10 $2,904,257
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 2,823,954 $2,858,343 $2,858,343 0.10 $2,852,179
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.53279% 25-FEB-2044, 5.42%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 2,832,190 $2,837,871 $2,837,871 0.10 $2,835,312
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,785,347 $2,785,347 0.10 $2,758,305
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,701,884 $2,701,884 0.10 $2,700,770
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.27%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,665,160 $2,667,945 $2,667,945 0.09 $2,665,603
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,474,287 $2,519,030 $2,519,030 0.09 $2,512,622
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,474,287 $2,514,153 $2,514,153 0.09 $2,507,906
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,386,679 $2,386,679 0.08 $2,379,940
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.38279% 25-MAY-2044, 5.27%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,362,646 $2,370,158 $2,370,158 0.08 $2,368,082
Connecticut Avenue Securities Trust 2025-R02 1M1 5.33279% 25-FEB-2045, 5.22%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,340,808 $2,345,242 $2,345,242 0.08 $2,343,204
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,198,414 $2,198,414 0.08 $2,193,197
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,030,148 $2,091,830 $2,091,830 0.07 $2,076,589
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.18279% 25-JUN-2043, 6.07%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 2,064,942 $2,070,882 $2,070,882 0.07 $2,068,792
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,063,762 $2,063,762 0.07 $2,057,300
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,062,599 $2,062,599 0.07 $2,035,185
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,040,345 $2,060,707 $2,060,707 0.07 $2,056,200
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,054,451 $2,054,451 0.07 $2,040,898
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,017,392 $2,017,392 0.07 $2,006,485
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 5.98279% 25-NOV-2041, 5.87%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,011,593 $2,011,593 0.07 $2,009,636
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $2,003,947 $2,003,947 0.07 $1,974,952
Plenti Auto ABS Trust 2025-1 A 4.65% 12-AUG-2033, 4.64%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,028,051 $1,997,627 $1,997,627 0.07 $1,992,826
Connecticut Avenue Securities Trust 2024-R02 1M1 5.28279% 25-FEB-2044, 5.17%, 02/25/44 CAS 2024-R02 20754GAA8 - - 1,961,183 $1,962,292 $1,962,292 0.07 $1,960,602
Wendy's Funding, Series 2018-1 2018_A2II 3.884% 15-MAR-2048, 3.88%, 03/15/48 WEN 2018-1A 95058XAE8 - - 1,744,908 $1,728,344 $1,728,344 0.06 $1,714,037
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,727,966 $1,727,966 0.06 $1,709,907
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,561,431 $1,561,431 0.06 $1,541,125
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,490,245 $1,490,245 0.05 $1,489,499
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2II 2.493% 20-NOV-2047, 2.49%, 11/20/51 DNKN 2021-1A 233046AQ4 - - 1,565,760 $1,477,860 $1,477,860 0.05 $1,476,667
Connecticut Avenue Securities Trust 2023-R06 1M1 5.88279% 25-JUL-2043, 5.77%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,430,587 $1,436,191 $1,436,191 0.05 $1,434,815
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,367,574 $1,367,574 0.05 $1,360,747
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.03279% 25-NOV-2043, 5.92%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,324,184 $1,331,611 $1,331,611 0.05 $1,330,304
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,283,579 $1,283,579 0.05 $1,282,689
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,194,702 $1,194,702 0.04 $1,180,205
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.75%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,797,807 $1,190,567 $1,190,567 0.04 $1,186,852
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,117,539 $1,117,539 0.04 $1,099,410
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.18279% 25-MAY-2043, 6.07%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,100,147 $1,108,454 $1,108,454 0.04 $1,107,341
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $989,234 $989,234 0.03 $982,195
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $923,062 $923,062 0.03 $920,734
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $850,718 $850,718 0.03 $850,138
Connecticut Avenue Securities Trust 2024-R05 2M1 5.18279% 25-JUL-2044, 5.07%, 07/25/44 CAS 2024-R05 20754XAB9 - - 822,110 $822,303 $822,303 0.03 $821,608
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $687,544 $687,544 0.02 $676,351
Heritage & People's Choice Ltd. FRN 16-SEP-2031, 5.96%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $666,192 $666,192 0.02 $658,054
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $661,891 $661,891 0.02 $656,952
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $657,293 $657,293 0.02 $652,086
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $657,278 $657,278 0.02 $653,771
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.04%, 10/14/31 BENAU BR8160425 - - 800,000 $530,062 $530,062 0.02 $526,585
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $367,703 $367,703 0.01 $366,344
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.18279% 25-OCT-2044, 5.07%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 204,279 $204,452 $204,452 0.01 $204,279
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $98,713 $98,713 0.00 $98,640
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $98,194 $98,194 0.00 $97,806
CAN 2YR BOND FUT Mar26 MAR 26 CVH6 FUTURES_CAD - -479.00 $-36,389,294 $0 0.00 $0
US 5YR NOTE (CBT) Mar26 MAR 26 FVH6 FUTURES_USD - -327.00 $-35,893,359 $0 0.00 $0
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - -1,282 $-89,014,212 $0 0.00 $0
US 2YR NOTE (CBT) Mar26 MAR 26 TUH6 FUTURES_USD - -2,760 $-576,451,878 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - -137.00 $-17,008,536 $0 0.00 $0
AMEREN CORP 0% 12/01/2025, 0.00%, 12/01/25 AEE 02360RZ11 - - 84,850,000 $84,821,753 $84,821,753 3.00 $84,821,753
ENERGY TRANSFER LP 0% 12/01/2025, 0.00%, 12/01/25 ENGTRN 29277EZ15 - - 62,100,000 $62,079,016 $62,079,016 2.19 $62,079,016
AIR LEASE CORP 0% 12/02/2025, 0.00%, 12/02/25 AL 00913WZ24 - - 47,000,000 $46,977,760 $46,977,760 1.66 $46,977,760
TARGA RESOURCES CORP 0% 12/01/2025, 0.00%, 12/01/25 TRGP 87613EZ16 - - 41,300,000 $41,285,735 $41,285,735 1.46 $41,285,735
AVIATION CAPITAL GROUP LLC 0% 12/02/2025, 0.00%, 12/02/25 AVTNCP 05369BZ28 - - 39,750,000 $39,732,264 $39,732,264 1.40 $39,732,264
AVIATION CAPITAL GROUP LLC 0% 12/01/2025, 0.00%, 12/01/25 AVTNCP 05369BZ10 - - 15,000,000 $14,994,982 $14,994,982 0.53 $14,994,982
SEGREGATED CASH SEGCASH - $0.00 9,157,523 $9,157,523 $9,157,523 0.32 $9,157,523
AUSTRALIAN DOLLARS AUD - - 7,474,566 $4,901,804 $4,901,804 0.17 $4,901,804
NEW ZEALAND DOLLAR NZD - - 7,831,051 $4,495,411 $4,495,411 0.16 $4,495,411
BRITISH POUND GBP - - 2,303,777 $3,052,492 $3,052,492 0.11 $3,052,492
EURO EUR - - 1,195,923 $1,387,929 $1,387,929 0.05 $1,387,929
GENERAL MOTORS FINANCIAL CO INC 0% 12/01/2025, 0.00%, 12/01/25 GMFPP 37046TZ15 - - 1,350,000 $1,349,543 $1,349,543 0.05 $1,349,543
CANADIAN DOLLAR CAD - - 1,655,279 $1,187,389 $1,187,389 0.04 $1,187,389
US DOLLARS USD MD_142224 - - -101,724,114 $-101,724,114 $-101,724,114 -3.59 $-101,724,114
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.92 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.92 $-54,400,000
Pay INACTIVE NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $47,224,184 $47,224,184 1.67 $47,224,184
Pay INACTIVE NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-47,224,184 $-47,224,184 -1.67 $-47,224,184
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $43,266,112 $43,266,112 1.53 $43,266,112
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-43,266,112 $-43,266,112 -1.53 $-43,266,112
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $61,164,976 $61,164,976 2.16 $61,164,976
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-61,164,976 $-61,164,976 -2.16 $-61,164,976
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $53,960,655 $53,960,655 1.91 $53,960,655
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-53,960,655 $-53,960,655 -1.91 $-53,960,655
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $18,886,229 $18,886,229 0.67 $18,886,229
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-18,886,229 $-18,886,229 -0.67 $-18,886,229
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 5.05 $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 -5.05 $-143,000,000
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - 9,800,000 $5,625,685 $5,625,685 0.20 $5,625,685
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - -9,800,000 $-5,625,685 $-5,625,685 -0.20 $-5,625,685
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - 109,400,000 $144,954,420 $144,954,420 5.12 $144,954,420
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - -109,400,000 $-144,954,420 $-144,954,420 -5.12 $-144,954,420
PARENT OIS REC FIX GBP 3.5513% PAY SONIO/N 06Nov27 CME_US, 3.55%, 11/06/27 - - - 55,600,000 $73,669,705 $73,669,705 2.60 $73,669,705
PARENT OIS REC FIX GBP 3.5513% PAY SONIO/N 06Nov27 CME_US, 3.55%, 11/06/27 - - - -55,600,000 $-73,669,705 $-73,669,705 -2.60 $-73,669,705
PARENT OIS PAY FIX USD 3.365% REC SOFRRATE 21Nov27 CME_US, 3.36%, 11/21/27 - - - 144,900,000 $144,900,000 $144,900,000 5.12 $144,900,000
PARENT OIS PAY FIX USD 3.365% REC SOFRRATE 21Nov27 CME_US, 3.36%, 11/21/27 - - - -144,900,000 $-144,900,000 $-144,900,000 -5.12 $-144,900,000
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 $216,616 0.01 $216,616
3 MONTH SOFR FUT Dec27 DEC 27 SFRZ7 FUTURES_USD - -557.00 $-134,954,138 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 557.00 $134,306,625 $0 0.00 $0
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 $-68,597 0.00 $-68,597
FX Forward|AUD|01/16/2026 +AUD2 - - -307,605,000 $-201,793,148 $-201,793,148 -7.13 $-201,793,148
FX Forward|USD|01/16/2026 +AUD2 - - 202,961,778 $202,961,778 $202,961,778 7.17 $202,961,778
FX Forward|AUD|01/16/2026 +AUD0 - - -307,645,000 $-201,819,389 $-201,819,389 -7.13 $-201,819,389
FX Forward|USD|01/16/2026 +AUD0 - - 202,800,507 $202,800,507 $202,800,507 7.17 $202,800,507
FX Forward|CAD|01/16/2026 +CADU - - -99,540,000 $-71,585,452 $-71,585,452 -2.53 $-71,585,452
FX Forward|USD|01/16/2026 +CADU - - 71,662,551 $71,662,551 $71,662,551 2.53 $71,662,551
FX Forward|EUR|01/16/2026 +EUR0 - - -12,410,000 $-14,440,341 $-14,440,341 -0.51 $-14,440,341
FX Forward|USD|01/16/2026 +EUR0 - - 14,478,933 $14,478,933 $14,478,933 0.51 $14,478,933
FX Forward|GBP|01/16/2026 +GBP1 - - -10,460,000 $-13,859,224 $-13,859,224 -0.49 $-13,859,224
FX Forward|USD|01/16/2026 +GBP1 - - 14,005,187 $14,005,187 $14,005,187 0.49 $14,005,187
FX Forward|NZD|01/16/2026 +NZD2 - - -2,400,000 $-1,380,628 $-1,380,628 -0.05 $-1,380,628
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 +AUDU - - 12,000,000 $7,872,167 $7,872,167 0.28 $7,872,167
FX Forward|USD|01/16/2026 +AUDU - - -7,829,449 $-7,829,449 $-7,829,449 -0.28 $-7,829,449
FX Forward|AUD|01/16/2026 +AUDU - - 27,000,000 $17,712,375 $17,712,375 0.63 $17,712,375
FX Forward|USD|01/16/2026 +AUDU - - -17,514,962 $-17,514,962 $-17,514,962 -0.62 $-17,514,962
FX Forward|AUD|01/16/2026 +AUDU - - 10,000,000 $6,560,139 $6,560,139 0.23 $6,560,139
FX Forward|USD|01/16/2026 +AUDU - - -6,500,666 $-6,500,666 $-6,500,666 -0.23 $-6,500,666
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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