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

Short Duration Income ETF Holdings

Full Portfolio Holdings

(As of September 16, 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 $44,453,290 $44,453,290 1.59 $44,075,366
Citigroup Inc. 5.61% 29-SEP-2026, 5.61%, 09/29/26 C 172967NX5 - - 35,000,000 $35,930,339 $35,930,339 1.29 $35,014,039
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,623,133 $34,623,133 1.24 $33,741,176
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,488,475 $27,488,475 0.99 $27,488,475
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,546,631 $26,546,631 0.95 $26,279,320
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $26,224,423 $26,224,423 0.94 $25,737,706
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $26,017,598 $26,017,598 0.94 $25,918,084
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,411,861 $25,411,861 0.91 $25,230,754
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,882,180 $23,882,180 0.86 $23,660,681
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,848,963 $23,848,963 0.86 $23,699,713
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 $23,525,611 $23,525,611 0.85 $23,455,417
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,493,138 $23,493,138 0.84 $23,130,200
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,288,247 $23,288,247 0.84 $22,938,132
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,845,976 $22,845,976 0.82 $22,828,798
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,131,848 $22,131,848 0.80 $21,935,582
BX Trust 2025-ROIC A 5.50693% 15-FEB-2042, 5.29%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,994,690 $20,994,690 0.75 $20,888,983
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,805,728 $20,805,728 0.75 $20,271,492
Toyota Motor Credit Corporation FRN 05-SEP-2028, 5.16%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,733,767 $20,733,767 0.75 $20,698,585
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,654,506 $20,654,506 0.74 $20,311,040
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $20,352,979 $20,352,979 0.73 $20,144,372
Amgen Inc. 5.507% 02-MAR-2026, 5.51%, 03/02/26 AMGN 031162DN7 - - 20,025,000 $20,076,851 $20,076,851 0.72 $20,030,902
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,690,985 $19,690,985 0.71 $19,263,249
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,454,973 $19,454,973 0.70 $19,448,463
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $19,369,615 $19,369,615 0.70 $19,212,034
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,341,537 $19,341,537 0.70 $19,307,701
NOW Trust 2024-1 A 4.9624% 14-JUN-2032, 4.94%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 28,158,344 $18,930,765 $18,930,765 0.68 $18,925,674
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,773,219 $17,773,219 0.64 $17,374,799
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,760,496 $17,760,496 0.64 $17,669,927
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,723,758 $17,723,758 0.64 $17,652,545
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,626,072 $17,626,072 0.63 $17,311,795
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,561,576 $17,561,576 0.63 $17,225,662
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,486,304 $17,486,304 0.63 $17,401,586
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,119,235 $17,119,235 0.62 $16,992,875
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,108,942 $17,108,942 0.61 $17,103,830
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,091,718 $17,091,718 0.61 $17,087,539
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,948,577 $16,948,577 0.61 $16,709,801
Morgan Stanley 6.138% 16-OCT-2026, 6.14%, 10/16/26 MS 61747YEX9 - - 16,250,000 $16,689,246 $16,689,246 0.60 $16,270,881
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,585,112 $16,585,112 0.60 $16,462,319
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $16,307,889 $16,307,889 0.59 $16,237,415
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $16,199,133 $16,199,133 0.58 $15,851,332
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,539,667 $15,539,667 0.56 $15,293,474
NOW Trust 2025-1 A 4.7124% 14-FEB-2034, 4.69%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 23,194,290 $15,530,139 $15,530,139 0.56 $15,526,157
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,498,210 $15,498,210 0.56 $15,176,387
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,323,820 $15,323,820 0.55 $15,015,477
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,296,645 $15,296,645 0.55 $15,121,017
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,163,199 $15,163,199 0.54 $15,129,336
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $15,034,741 $15,034,741 0.54 $14,888,532
Truist Bank Auto Credit-Linked Notes Series 2025-1|4.728|09/26/2033, 4.73%, 09/26/33 TACLN 2025-1 897926CB5 - - 15,000,000 $15,005,792 $15,005,792 0.54 $15,003,822
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.84839% 25-OCT-2041, 5.85%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 14,823,819 $14,946,110 $14,946,110 0.54 $14,890,721
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,841,118 $14,841,118 0.53 $14,735,897
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,808,105 $14,808,105 0.53 $14,509,728
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,772,899 $14,772,899 0.53 $14,761,360
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,733,789 $14,733,789 0.53 $14,463,698
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,559,912 $14,559,912 0.52 $14,247,485
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,425,558 $14,425,558 0.52 $14,095,076
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,368,317 $14,368,317 0.52 $14,000,813
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,320,877 $14,320,877 0.51 $14,316,955
RAF ABS Series 2025-1 A 4.62% 09-DEC-2031, 4.51%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 21,030,000 $14,113,635 $14,113,635 0.51 $14,066,826
Newcastle Greater Mutual Group Ltd FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $14,031,841 $14,031,841 0.50 $13,960,232
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $13,955,083 $13,955,083 0.50 $13,715,664
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.40%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $13,852,537 $13,852,537 0.50 $13,851,800
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,835,951 $13,835,951 0.50 $13,733,259
Wells Fargo & Company FRN 15-SEP-2029, 5.32%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,821,367 $13,821,367 0.50 $13,820,691
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,715,342 $13,715,342 0.49 $13,449,142
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,680,059 $13,680,059 0.49 $13,649,759
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,668,992 $13,668,992 0.49 $13,523,095
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,650,249 $13,650,249 0.49 $13,319,287
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,293,540 $13,293,540 0.48 $13,121,895
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,269,018 $13,269,018 0.48 $12,993,955
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,231,107 $13,231,107 0.48 $12,993,177
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $13,172,195 $13,172,195 0.47 $12,920,931
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,171,885 $13,171,885 0.47 $12,901,457
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $13,096,173 $13,096,173 0.47 $12,731,834
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,077,541 $13,077,541 0.47 $13,040,441
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,067,254 $13,067,254 0.47 $12,943,094
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,062,211 $13,062,211 0.47 $13,028,688
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,008,987 $13,008,987 0.47 $12,979,843
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $12,972,377 $12,972,377 0.47 $12,879,074
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,931,433 $12,931,433 0.46 $12,882,374
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,291,500 $12,291,500 0.44 $12,214,597
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,283,239 $12,283,239 0.44 $12,185,211
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,210,875 $12,210,875 0.44 $12,127,183
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $12,162,427 $12,162,427 0.44 $11,948,582
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $12,020,097 $12,020,097 0.43 $11,780,301
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $12,009,915 $12,009,915 0.43 $12,006,528
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $11,968,527 $11,968,527 0.43 $11,895,160
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $11,860,268 $11,860,268 0.43 $11,854,204
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,835,626 $11,835,626 0.43 $11,604,035
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,542,775 $11,818,982 $11,818,982 0.42 $11,728,142
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,779,369 $11,779,369 0.42 $11,707,616
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,706,777 $11,706,777 0.42 $11,644,957
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,696,590 $11,696,590 0.42 $11,667,032
Kiwibank Limited FRN 23-SEP-2025, 4.82%, 09/23/25 KIWI Q5S26ZAL7 - - 17,230,000 $11,635,832 $11,635,832 0.42 $11,505,266
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,580,531 $11,580,531 0.42 $11,406,367
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,530,339 $11,530,339 0.41 $11,499,913
NRTH 2024-PARK Mortgage Trust A 6.0044% 15-MAR-2039, 5.79%, 03/15/41 NRTH 2024-PARK 67021HAA4 - - 11,400,000 $11,393,252 $11,393,252 0.41 $11,389,584
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,214,552 $11,214,552 0.40 $11,108,677
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $11,173,068 $11,173,068 0.40 $11,132,689
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.96%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $11,011,230 $11,011,230 0.40 $10,885,189
Connecticut Avenue Securities Trust 2024-R06 1M2 5.94839% 25-SEP-2044, 5.95%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,744,030 $10,744,030 0.39 $10,703,469
Plenti PL & Green ABS Trust 2024-2 A1 4.7775% 11-APR-2036, 4.73%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 15,913,003 $10,666,616 $10,666,616 0.38 $10,658,355
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,664,182 $10,664,182 0.38 $10,570,787
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.54839% 25-MAY-2045, 5.55%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 10,554,061 $10,602,589 $10,602,589 0.38 $10,565,177
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 10,406,593 $10,553,888 $10,553,888 0.38 $10,511,413
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,519,225 $10,519,225 0.38 $10,310,038
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 10,403,671 $10,491,028 $10,491,028 0.38 $10,459,874
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,443,693 $10,443,693 0.38 $10,185,364
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,373,130 $10,373,130 0.37 $10,233,872
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,304,949 $10,304,949 0.37 $10,211,335
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,227,037 $10,227,037 0.37 $10,106,074
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,075,822 $10,075,822 0.36 $9,849,552
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,921,688 $9,921,688 0.36 $9,760,181
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,790,020 $9,878,879 $9,878,879 0.36 $9,811,827
Westpac Banking Corporation FRN 10-JUL-2034, 5.79%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,803,644 $9,803,644 0.35 $9,699,152
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,802,589 $9,802,589 0.35 $9,646,435
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,750,650 $9,750,650 0.35 $9,714,045
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 $9,691,094 $9,691,094 0.35 $9,651,879
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,528,948 $9,528,948 0.34 $9,431,763
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 9,415,657 $9,453,436 $9,453,436 0.34 $9,420,360
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.59839% 25-MAR-2044, 5.60%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 9,258,930 $9,299,276 $9,299,276 0.33 $9,266,159
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,265,739 $9,265,739 0.33 $9,182,814
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $9,241,814 $9,241,814 0.33 $9,040,578
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,226,658 $9,226,658 0.33 $9,122,208
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,189,538 $9,189,538 0.33 $9,005,151
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $9,167,431 $9,167,431 0.33 $9,127,477
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 8,944,778 $9,107,076 $9,107,076 0.33 $9,065,799
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,985,926 $8,985,926 0.32 $8,813,808
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 8,783,057 $8,850,740 $8,850,740 0.32 $8,818,087
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,654,136 $8,654,136 0.31 $8,566,152
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,623,380 $8,623,380 0.31 $8,591,968
Connecticut Avenue Securities Trust 2024-R01 1M1 5.39839% 25-JAN-2044, 5.40%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 8,436,354 $8,463,007 $8,463,007 0.30 $8,433,911
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,414,937 $8,414,937 0.30 $8,371,947
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,379,511 $8,379,511 0.30 $8,216,567
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,313,064 $8,313,064 0.30 $8,295,855
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,285,887 $8,285,887 0.30 $8,071,501
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,261,209 $8,261,209 0.30 $8,236,139
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,244,470 $8,244,470 0.30 $8,063,566
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.00%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 12,189,916 $8,187,405 $8,187,405 0.29 $8,180,715
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,082,766 $8,082,766 0.29 $8,006,454
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,069,675 $8,069,675 0.29 $8,063,723
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,990,522 $7,990,522 0.29 $7,813,732
Westpac Banking Corporation FRN 29-JAN-2031, 5.44%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,962,491 $7,962,491 0.29 $7,903,750
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,947,534 $7,947,534 0.29 $7,920,867
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,817,766 $7,817,766 0.28 $7,720,579
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,813,076 $7,813,076 0.28 $7,804,073
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,672,345 $7,672,345 0.28 $7,618,371
Connecticut Avenue Securities Trust 2025-R03 2M1 5.94839% 25-MAR-2045, 5.95%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,595,851 $7,654,725 $7,654,725 0.28 $7,625,858
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,557,363 $7,557,363 0.27 $7,459,386
Metro Finance 2024-1 Trust|4.815|09/17/2030, 4.82%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 11,185,550 $7,536,478 $7,536,478 0.27 $7,506,921
Cargill, Incorporated 4.875% 10-OCT-2025, 4.88%, 10/10/25 CARGIL 141781BY9 - - 7,375,000 $7,533,238 $7,533,238 0.27 $7,376,443
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.55%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,486,265 $7,527,429 $7,527,429 0.27 $7,500,892
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,427,866 $7,427,866 0.27 $7,390,003
RESIMAC Bastille Trust 2024-1NC A2 4.9175% 13-SEP-2055, 4.89%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 11,000,574 $7,385,243 $7,385,243 0.27 $7,383,274
Taco Bell Funding Series 2016-1 A2III 4.97% 25-MAY-2046, 4.97%, 05/25/46 BELL 2016-1A 87342RAC8 - - 7,261,763 $7,292,435 $7,292,435 0.26 $7,270,379
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,265,121 $7,265,121 0.26 $7,129,671
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,203,610 $7,203,610 0.26 $7,090,735
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.39839% 25-JAN-2045, 5.40%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 7,127,166 $7,148,771 $7,148,771 0.26 $7,124,189
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $7,108,489 $7,108,489 0.26 $6,941,739
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.54839% 25-AUG-2044, 5.55%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 7,066,361 $7,096,687 $7,096,687 0.26 $7,071,638
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $7,070,850 $7,070,850 0.25 $6,912,753
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,021,637 $7,021,637 0.25 $6,998,769
Hyundai Capital America|5.51424|09/18/2028, 5.51%, 09/18/28 HYNMTR 44891AEB9 - - 6,960,000 $6,980,298 $6,980,298 0.25 $6,980,298
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,967,697 $6,967,697 0.25 $6,951,516
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,955,034 $6,955,034 0.25 $6,909,620
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,897,519 $6,897,519 0.25 $6,858,942
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,827,008 $6,827,008 0.25 $6,688,628
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 5.19%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,822,872 $6,822,872 0.25 $6,817,020
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,793,729 $6,793,729 0.24 $6,668,191
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,787,380 $6,787,380 0.24 $6,641,214
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,643,244 $6,643,244 0.24 $6,621,494
Westpac Banking Corporation FRN 03-APR-2034, 6.01%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,566,481 $6,566,481 0.24 $6,487,133
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,500,000 $6,552,261 $6,552,261 0.24 $6,550,468
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,527,930 $6,527,930 0.23 $6,369,168
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,524,231 $6,524,231 0.23 $6,482,940
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,516,926 $6,516,926 0.23 $6,512,323
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,503,848 $6,503,848 0.23 $6,451,523
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,454,534 $6,454,534 0.23 $6,424,711
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,412,446 $6,412,446 0.23 $6,344,343
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,293,325 $6,293,325 0.23 $6,246,520
Plenti PL & Green ABS Trust 2025-1 A1G 4.7975% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 9,323,371 $6,246,091 $6,246,091 0.22 $6,241,230
Connecticut Avenue Securities Trust 2025-R01 1M2 5.84839% 25-JAN-2045, 5.85%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,235,294 $6,235,294 0.22 $6,212,104
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,994,248 $5,994,248 0.22 $5,924,757
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $5,944,576 $5,944,576 0.21 $5,883,221
Export-Import Bank of Korea|4.904244|09/22/2028, 4.90%, 09/22/28 EIBKOR 302154EN5 - - 5,902,000 $5,903,265 $5,903,265 0.21 $5,903,265
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,902,559 $5,902,559 0.21 $5,814,121
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,892,762 $5,892,762 0.21 $5,808,233
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,789,526 $5,789,526 0.21 $5,786,518
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,788,518 $5,788,518 0.21 $5,744,470
Insurance Australia Group Limited FRN 15-DEC-2036, 6.56%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,779,389 $5,779,389 0.21 $5,777,336
Connecticut Avenue Securities, Series 2021-R01 1M2 5.89839% 25-OCT-2041, 5.90%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,723,387 $5,761,393 $5,761,393 0.21 $5,739,825
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,598,485 $5,598,485 0.20 $5,565,818
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,557,523 $5,557,523 0.20 $5,517,733
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,542,585 $5,542,585 0.20 $5,421,218
MSD Investment Corp. 6.25% 31-MAY-2030, 6.25%, 05/31/30 MSINTM 55354LAA7 - - 5,250,000 $5,496,923 $5,496,923 0.20 $5,346,532
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,468,598 $5,468,598 0.20 $5,450,130
Plenti PL & Green ABS Trust 2025-1 A1 4.7975% 11-NOV-2036, 4.75%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 7,968,693 $5,338,539 $5,338,539 0.19 $5,334,385
BX Commercial Mortgage Trust 2024-AIRC A 6.05424% 15-AUG-2041, 5.84%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,257,203 $5,257,203 0.19 $5,255,502
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,192,435 $5,192,435 0.19 $5,092,463
Repsol E&P Capital Markets US LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,190,717 $5,190,717 0.19 $5,190,030
NatWest Group Plc 2.875% 19-SEP-2026, 2.88%, 09/19/26 NWG AR7574981 - - 3,690,000 $5,183,134 $5,183,134 0.19 $5,039,049
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,173,394 $5,173,394 0.19 $5,157,569
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,165,115 $5,165,115 0.19 $5,101,865
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,160,122 $5,160,122 0.19 $5,045,608
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,111,607 $5,111,607 0.18 $5,073,273
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,043,693 $5,043,693 0.18 $5,028,446
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,130,125 $4,986,425 $4,986,425 0.18 $4,978,557
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,798,658 $4,798,658 0.17 $4,700,745
Santander UK Group Holdings PLC|4.32|09/22/2029, 4.32%, 09/22/29 SANUK 80281LAX3 - - 4,756,000 $4,760,215 $4,760,215 0.17 $4,760,215
Macquarie Bank Limited FRN 17-JUN-2031, 5.66%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,748,233 $4,748,233 0.17 $4,681,700
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,691,578 $4,691,578 0.17 $4,636,926
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 $4,688,158 $4,688,158 0.17 $4,669,698
Hyundai Capital America|4.25|09/18/2028, 4.25%, 09/18/28 HYNMTR 44891ADZ7 - - 4,640,000 $4,643,050 $4,643,050 0.17 $4,643,050
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,624,015 $4,624,015 0.17 $4,580,256
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,575,352 $4,575,352 0.16 $4,526,755
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,566,728 $4,566,728 0.16 $4,499,355
Liberty Series 2024-1 Auto A 4.7575% 25-MAY-2032, 4.76%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,730,611 $4,528,849 $4,528,849 0.16 $4,515,376
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,443,122 $4,443,122 0.16 $4,409,092
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,114,349 $4,114,349 0.15 $4,096,046
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,106,137 $4,106,137 0.15 $4,009,658
Lsega Financing PLC|4.5|10/19/2028, 4.50%, 10/19/28 LSELN YK0862044 - - 3,000,000 $4,101,980 $4,101,980 0.15 $4,101,980
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.79839% 25-OCT-2044, 5.80%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,065,551 $4,065,551 0.15 $4,050,548
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,725,576 $3,725,576 0.13 $3,640,202
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,723,949 $3,723,949 0.13 $3,661,936
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.44839% 25-DEC-2031, 5.45%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,662,383 $3,680,229 $3,680,229 0.13 $3,667,481
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,678,283 $3,678,283 0.13 $3,654,343
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,551,169 $3,551,169 0.13 $3,545,488
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.91%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,535,102 $3,535,102 0.13 $3,534,377
Connecticut Avenue Securities Trust 2025-R01 1M1 5.44839% 25-JAN-2045, 5.45%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,455,625 $3,468,519 $3,468,519 0.12 $3,456,487
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,325,946 $3,325,946 0.12 $3,247,942
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,304,939 $3,304,939 0.12 $3,277,039
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.69839% 25-FEB-2044, 5.70%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 3,251,961 $3,269,424 $3,269,424 0.12 $3,257,585
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA3 M1A 6.64839% 25-AUG-2042, 6.65%, 08/25/42 STACR 2022-HQA3 35564KE39 - - 3,110,499 $3,175,224 $3,175,224 0.11 $3,162,012
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.34839% 25-JUN-2043, 6.35%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 3,108,568 $3,132,448 $3,132,448 0.11 $3,119,840
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,112,746 $3,112,746 0.11 $3,104,552
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,110,982 $3,110,982 0.11 $3,077,687
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,089,581 $3,089,581 0.11 $3,072,008
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 3,003,490 $3,037,362 $3,037,362 0.11 $3,036,543
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.55%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,995,847 $3,009,813 $3,009,813 0.11 $2,999,193
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,968,006 $2,968,006 0.11 $2,929,403
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,949,395 $2,949,395 0.11 $2,906,803
Homeward Opportunities Fund Trust 2025-RRTL2|5.237|09/25/2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,904,811 $2,904,811 0.10 $2,902,706
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,842,450 $2,842,450 0.10 $2,767,635
Connecticut Avenue Securities Trust 2025-R02 1M1 5.49839% 25-FEB-2045, 5.50%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,780,216 $2,791,548 $2,791,548 0.10 $2,781,779
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,707,080 $2,758,753 $2,758,753 0.10 $2,757,876
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,707,080 $2,755,755 $2,755,755 0.10 $2,754,900
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.54839% 25-MAY-2044, 5.55%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,724,479 $2,736,482 $2,736,482 0.10 $2,726,824
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,696,859 $2,696,859 0.10 $2,692,771
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,450,021 $2,450,021 0.09 $2,427,394
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 2,245,000 $2,339,861 $2,339,861 0.08 $2,334,473
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,201,599 $2,274,867 $2,274,867 0.08 $2,252,591
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,246,301 $2,246,301 0.08 $2,235,974
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,221,031 $2,243,918 $2,243,918 0.08 $2,243,305
Connecticut Avenue Securities Trust 2024-R02 1M1 5.44839% 25-FEB-2044, 5.45%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,235,062 $2,242,375 $2,242,375 0.08 $2,234,595
Plenti Auto ABS Trust 2025-1 A 4.68% 12-AUG-2033, 4.65%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,343,435 $2,241,581 $2,241,581 0.08 $2,240,159
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,125,410 $2,125,410 0.08 $2,081,197
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,083,991 $2,083,991 0.07 $2,075,643
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,062,162 $2,062,162 0.07 $2,045,631
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,056,741 $2,056,741 0.07 $2,054,994
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.14839% 25-NOV-2041, 6.15%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,022,102 $2,022,102 0.07 $2,014,246
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,987,060 $1,987,060 0.07 $1,978,500
Connecticut Avenue Securities Trust 2023-R06 1M1 6.04839% 25-JUL-2043, 6.05%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,705,395 $1,718,769 $1,718,769 0.06 $1,712,179
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,713,633 $1,713,633 0.06 $1,711,871
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,576,149 $1,576,149 0.06 $1,572,514
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,573,427 $1,573,427 0.06 $1,545,521
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.19839% 25-NOV-2043, 6.20%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,544,454 $1,559,578 $1,559,578 0.06 $1,553,462
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 $1,473,525 $1,473,525 0.05 $1,470,589
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,413,591 $1,413,591 0.05 $1,395,969
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.75%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,944,042 $1,308,663 $1,308,663 0.05 $1,307,436
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,305,137 $1,305,137 0.05 $1,285,374
General Motors Financial Company, Inc. 6.05% 10-OCT-2025, 6.05%, 10/10/25 GM 37045XDZ6 - - 1,250,000 $1,283,965 $1,283,965 0.05 $1,250,984
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.34839% 25-MAY-2043, 6.35%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,261,454 $1,278,209 $1,278,209 0.05 $1,273,092
Connecticut Avenue Securities Trust 2024-R05 2M1 5.34839% 25-JUL-2044, 5.35%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,224,130 $1,227,837 $1,227,837 0.04 $1,223,654
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,219,202 $1,219,202 0.04 $1,210,992
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,132,479 $1,132,479 0.04 $1,126,164
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $1,007,265 $1,007,265 0.04 $984,007
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $942,681 $942,681 0.03 $938,387
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $870,536 $870,536 0.03 $869,156
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.34839% 25-OCT-2044, 5.35%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 734,130 $736,333 $736,333 0.03 $733,824
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $699,431 $699,431 0.03 $692,655
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $678,377 $678,377 0.02 $665,402
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $675,943 $675,943 0.02 $669,536
Australian Central Credit Union Ltd. FRN 16-SEP-2031, 6.51%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $669,321 $669,321 0.02 $669,202
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $665,450 $665,450 0.02 $664,882
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.53%, 10/14/31 BENAU BR8160425 - - 800,000 $541,373 $541,373 0.02 $536,115
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $375,890 $375,890 0.01 $371,972
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $101,763 $101,763 0.00 $100,183
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $100,942 $100,942 0.00 $100,617
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - 595.00 $42,609,525 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -2,991 $-624,838,594 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-42,053,617 $0 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,909,570 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - -137.00 $-17,375,459 $0 0.00 $0
GLOBAL PAYMENTS INC 0% 09/17/2025, 0.00%, 09/17/25 GPN 37961CWH1 - - 72,500,000 $72,490,365 $72,490,365 2.61 $72,490,365
AUTONATION INC 0% 09/17/2025, 0.00%, 09/17/25 AUTONA 05330LWH2 - - 34,150,000 $34,145,274 $34,145,274 1.23 $34,145,274
AUTONATION INC 0% 09/18/2025, 0.00%, 09/18/25 AUTONA 05330LWJ8 - - 24,250,000 $24,246,800 $24,246,800 0.87 $24,246,800
JABIL INC 0% 09/17/2025, 0.00%, 09/17/25 JBLPP 46652LWH6 - - 20,400,000 $20,397,113 $20,397,113 0.73 $20,397,113
SEGREGATED CASH SEGCASH - $0.00 6,922,366 $6,922,366 $6,922,366 0.25 $6,922,366
AUSTRALIAN DOLLARS AUD - - 8,892,285 $5,937,373 $5,937,373 0.21 $5,937,373
NEW ZEALAND DOLLAR NZD - - 7,131,506 $4,265,000 $4,265,000 0.15 $4,265,000
BRITISH POUND GBP - - 2,670,303 $3,646,710 $3,646,710 0.13 $3,646,710
CREDIT INDUSTRIEL ET COMMERCIAL/NEW YORK 0% 09/17/2025, 0.00%, 09/17/25 CICNCP 22536LWH9 - - 1,900,000 $1,899,772 $1,899,772 0.07 $1,899,772
EURO EUR - - 1,099,454 $1,303,072 $1,303,072 0.05 $1,303,072
CANADIAN DOLLAR CAD - - 1,475,065 $1,072,969 $1,072,969 0.04 $1,072,969
US DOLLARS USD MD_142224 - - -58,171,571 $-58,171,571 $-58,171,571 -2.09 $-58,171,571
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 1.96 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -1.96 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $49,198,613 $49,198,613 1.77 $49,198,613
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-49,198,613 $-49,198,613 -1.77 $-49,198,613
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $45,075,055 $45,075,055 1.62 $45,075,055
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-45,075,055 $-45,075,055 -1.62 $-45,075,055
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $63,722,265 $63,722,265 2.29 $63,722,265
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-63,722,265 $-63,722,265 -2.29 $-63,722,265
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $56,216,733 $56,216,733 2.02 $56,216,733
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-56,216,733 $-56,216,733 -2.02 $-56,216,733
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $19,675,857 $19,675,857 0.71 $19,675,857
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-19,675,857 $-19,675,857 -0.71 $-19,675,857
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 5.14 $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 -5.14 $-143,000,000
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 21Jan26 PAYER GS_US_SW @25.95C 1, 1.00%, 01/21/26 - XXCZU6 UCAXXCZU6 $1.00 524,900,000 $-524,900,000 $599,011 0.02 $599,011
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 $-198,830 -0.01 $-198,830
FX Forward|AUD|10/10/2025 +AUDU - - -323,064,500 $-215,785,813 $-215,785,813 -7.76 $-215,785,813
FX Forward|USD|10/10/2025 +AUDU - - 210,783,433 $210,783,433 $210,783,433 7.58 $210,783,433
FX Forward|EUR|10/10/2025 +EUR1 - - -12,260,000 $-14,552,632 $-14,552,632 -0.52 $-14,552,632
FX Forward|USD|10/10/2025 +EUR1 - - 14,423,657 $14,423,657 $14,423,657 0.52 $14,423,657
FX Forward|NZD|10/10/2025 +NZD2 - - -2,180,000 $-1,304,817 $-1,304,817 -0.05 $-1,304,817
FX Forward|USD|10/10/2025 +NZD2 - - 1,308,286 $1,308,286 $1,308,286 0.05 $1,308,286
FX Forward|CAD|10/10/2025 +CADU - - -70,172,000 $-51,101,232 $-51,101,232 -1.84 $-51,101,232
FX Forward|USD|10/10/2025 +CADU - - 51,513,917 $51,513,917 $51,513,917 1.85 $51,513,917
FX Forward|AUD|10/10/2025 +AUD1 - - -323,284,000 $-215,932,424 $-215,932,424 -7.76 $-215,932,424
FX Forward|USD|10/10/2025 +AUD1 - - 210,883,972 $210,883,972 $210,883,972 7.58 $210,883,972
FX Forward|GBP|10/10/2025 +GBPU - - -11,241,000 $-15,353,127 $-15,353,127 -0.55 $-15,353,127
FX Forward|USD|10/10/2025 +GBPU - - 15,236,389 $15,236,389 $15,236,389 0.55 $15,236,389
FX Forward|CAD|10/10/2025 +CADU - - -12,650,000 $-9,212,087 $-9,212,087 -0.33 $-9,212,087
FX Forward|USD|10/10/2025 +CADU - - 9,161,221 $9,161,221 $9,161,221 0.33 $9,161,221
FX Forward|AUD|10/10/2025 +AUDU - - -10,000,000 $-6,679,342 $-6,679,342 -0.24 $-6,679,342
FX Forward|USD|10/10/2025 +AUDU - - 6,520,698 $6,520,698 $6,520,698 0.23 $6,520,698
FX Forward|AUD|10/10/2025 +AUD1 - - 17,000,000 $11,354,881 $11,354,881 0.41 $11,354,881
FX Forward|USD|10/10/2025 +AUD1 - - -11,053,884 $-11,053,884 $-11,053,884 -0.40 $-11,053,884
FX Forward|CAD|10/10/2025 +CADU - - -16,000,000 $-11,651,652 $-11,651,652 -0.42 $-11,651,652
FX Forward|USD|10/10/2025 +CADU - - 11,617,459 $11,617,459 $11,617,459 0.42 $11,617,459
FX Forward|AUD|10/10/2025 +AUDU - - -13,800,000 $-9,217,491 $-9,217,491 -0.33 $-9,217,491
FX Forward|USD|10/10/2025 +AUDU - - 9,013,027 $9,013,027 $9,013,027 0.32 $9,013,027
FX Forward|AUD|10/10/2025 +AUDU - - 8,000,000 $5,343,473 $5,343,473 0.19 $5,343,473
FX Forward|USD|10/10/2025 +AUDU - - -5,300,299 $-5,300,299 $-5,300,299 -0.19 $-5,300,299
FX Forward|AUD|10/10/2025 - - - 13,000,000 $8,683,144 $8,683,144 0.31 $8,683,144
FX Forward|USD|10/10/2025 - - - -8,690,015 $-8,690,015 $-8,690,015 -0.31 $-8,690,015
FX Forward|GBP|10/10/2025 - - - -3,500,000 $-4,780,353 $-4,780,353 -0.17 $-4,780,353
FX Forward|USD|10/10/2025 - - - 4,779,779 $4,779,779 $4,779,779 0.17 $4,779,779
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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