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 October 24, 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 $44,680,552 $44,680,552 1.62 $44,062,676
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $33,910,272 $33,910,272 1.23 $33,718,114
Janus Henderson AAA CLO ETF JAAA US 47103U845 - - 542,500 $27,477,625 $27,477,625 1.00 $27,477,625
Atlas Warehouse Lending Company, L.P. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,860,584 $26,860,584 0.98 $26,420,814
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $26,419,407 $26,419,407 0.96 $25,798,424
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,531,803 $25,531,803 0.93 $25,214,011
Bank Australia Limited FRN 21-FEB-2028, 5.27%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,491,343 $25,491,343 0.93 $25,250,965
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,980,167 $23,980,167 0.87 $23,703,897
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 $23,662,474 $23,662,474 0.85 $23,464,657
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,628,976 $23,628,976 0.85 $23,147,041
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,391,469 $23,391,469 0.84 $23,041,100
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,380,988 $23,380,988 0.84 $22,883,457
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,968,932 $22,968,932 0.83 $22,908,808
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,263,696 $22,263,696 0.80 $21,946,650
BX Trust 2025-ROIC A 5.176% 15-FEB-2042, 5.18%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 20,940,330 $20,920,529 $20,920,529 0.75 $20,883,576
Toyota Motor Credit Corporation FRN 05-SEP-2028, 4.97%, 09/05/28 TOYOTA 89236TNS0 - - 20,600,000 $20,903,584 $20,903,584 0.75 $20,755,530
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,685,880 $20,685,880 0.74 $20,235,080
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,273,556 $20,273,556 0.73 $20,231,380
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $19,910,609 $19,910,609 0.72 $19,584,479
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,581,576 $19,581,576 0.70 $19,488,266
Air Lease Corporation 5.1% 01-MAR-2029, 5.10%, 03/01/29 AL 00914AAV4 - - 19,000,000 $19,463,089 $19,463,089 0.70 $19,312,356
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,445,488 $19,445,488 0.70 $19,327,060
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,317,927 $19,317,927 0.70 $19,250,932
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,952,119 $18,952,119 0.68 $18,747,597
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 18,132,000 $18,909,641 $18,909,641 0.68 $18,757,332
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,870,138 $17,870,138 0.64 $17,354,536
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,848,605 $17,848,605 0.64 $17,684,103
NOW Trust 2024-1 A 4.9025% 14-JUN-2032, 4.90%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 27,195,412 $17,828,942 $17,828,942 0.64 $17,798,079
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,820,537 $17,820,537 0.64 $17,647,591
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,729,482 $17,729,482 0.64 $17,307,761
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,586,246 $17,586,246 0.63 $17,429,427
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,230,867 $17,230,867 0.62 $17,221,536
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,180,224 $17,180,224 0.62 $17,092,459
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $17,171,089 $17,171,089 0.62 $16,996,592
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,170,543 $17,170,543 0.62 $17,063,183
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,472,621 $16,472,621 0.59 $16,457,541
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,434,151 $16,434,151 0.59 $16,397,200
National Australia Bank Limited FRN 18-NOV-2030, 5.29%, 11/18/30 NAB BM3607918 - - 24,275,000 $15,950,697 $15,950,697 0.57 $15,790,630
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $15,863,054 $15,863,054 0.57 $15,851,061
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,620,892 $15,620,892 0.56 $15,298,360
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,364,613 $15,364,613 0.55 $15,112,625
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,267,918 $15,267,918 0.55 $15,215,886
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,237,254 $15,237,254 0.55 $15,113,091
Truist Bank Auto Credit Linked Notes, Series 2025-1 B 4.728% 25-SEP-2033, 4.73%, 09/26/33 TACLN 2025-1 897926CB5 - - 15,000,000 $15,096,887 $15,096,887 0.54 $15,033,847
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,079,868 $15,079,868 0.54 $15,019,618
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $14,973,244 $14,973,244 0.54 $14,942,681
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,918,249 $14,918,249 0.54 $14,733,615
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,858,154 $14,858,154 0.53 $14,754,307
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,632,648 $14,632,648 0.53 $14,212,486
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.85603% 25-OCT-2041, 5.86%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 14,467,555 $14,607,132 $14,607,132 0.53 $14,531,824
NOW Trust 2025-1 A 4.6525% 14-FEB-2034, 4.65%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 22,287,541 $14,556,469 $14,556,469 0.52 $14,532,465
Amrize Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,539,702 $14,539,702 0.52 $14,502,405
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,463,409 $14,463,409 0.52 $14,450,370
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,439,372 $14,439,372 0.52 $13,956,118
Stellantis Financial Services US Corp. 4.95% 15-SEP-2028, 4.95%, 09/15/28 STLA 85855FAA1 - - 14,263,000 $14,421,487 $14,421,487 0.52 $14,339,118
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,149,354 $14,149,354 0.51 $14,089,442
Enel Finance International NV 4.125% 30-SEP-2028, 4.12%, 09/30/28 ENELIM 29278GBF4 - - 14,000,000 $14,050,861 $14,050,861 0.51 $14,007,548
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $14,025,277 $14,025,277 0.50 $13,695,511
Hewlett Packard Enterprise Company FRN 15-SEP-2028, 5.19%, 09/15/28 HPE 42824CBY4 - - 13,820,000 $13,949,138 $13,949,138 0.50 $13,865,578
Wells Fargo & Company FRN 15-SEP-2029, 5.11%, 09/15/29 WFC 95000U3Z4 - - 13,820,000 $13,920,335 $13,920,335 0.50 $13,838,065
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,910,380 $13,910,380 0.50 $13,733,003
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,788,577 $13,788,577 0.50 $13,434,377
DT Midstream, Inc 4.125% 15-JUN-2029, 4.12%, 06/15/29 DTMINC 23345MAA5 - - 13,840,000 $13,780,518 $13,780,518 0.50 $13,571,188
Newcastle Greater Mutual Group Ltd. FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,758,209 $13,758,209 0.49 $13,606,497
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,751,113 $13,751,113 0.49 $13,640,010
Royal Caribbean Group 5.5% 01-APR-2028, 5.50%, 04/01/28 RCL 780153BG6 - - 13,050,000 $13,379,887 $13,379,887 0.48 $13,328,049
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,312,220 $13,312,220 0.48 $12,955,048
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $13,294,482 $13,294,482 0.48 $12,989,529
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,239,770 $13,239,770 0.48 $12,884,168
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,154,508 $13,154,508 0.47 $13,071,033
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,142,998 $13,142,998 0.47 $13,080,944
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,128,482 $13,128,482 0.47 $12,935,344
RAF ABS Series 2025-1 A 4.4765% 09-DEC-2031, 4.48%, 12/09/31 REABS 2025-1 BCC3NSJG2 - - 20,105,146 $13,113,493 $13,113,493 0.47 $13,084,646
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,087,680 $13,087,680 0.47 $12,834,055
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,078,764 $13,078,764 0.47 $12,976,760
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $13,035,608 $13,035,608 0.47 $12,861,173
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $12,913,887 $12,913,887 0.46 $12,906,908
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $12,790,207 $12,790,207 0.46 $12,715,683
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.10%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,656,824 $12,656,824 0.46 $12,526,019
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,353,669 $12,353,669 0.44 $12,206,856
Nationwide Building Society 4.649% 14-JUL-2029, 4.65%, 07/14/29 NWIDE 63861VAM9 - - 12,049,000 $12,340,719 $12,340,719 0.44 $12,180,452
Morgan Stanley Private Bank, National Association 4.466% 06-JUL-2028, 4.47%, 07/06/28 MS 61776NVE0 - - 12,047,000 $12,275,329 $12,275,329 0.44 $12,131,858
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $12,093,218 $12,093,218 0.44 $11,779,067
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $12,075,157 $12,075,157 0.43 $12,004,030
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $12,034,732 $12,034,732 0.43 $11,914,032
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,542,775 $11,905,815 $11,905,815 0.43 $11,737,664
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,903,605 $11,903,605 0.43 $11,627,750
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,892,142 $11,892,142 0.43 $11,588,740
BNP Paribas SA 4.625% 13-MAR-2027, 4.62%, 03/13/27 BNP 05581KAC5 - - 11,800,000 $11,890,499 $11,890,499 0.43 $11,823,796
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,756,947 $11,756,947 0.42 $11,617,851
Royal Bank of Canada 5.01% 01-FEB-2033, 5.01%, 02/01/33 RY 780086WK6 - - 15,500,000 $11,620,942 $11,620,942 0.42 $11,490,764
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,591,399 $11,591,399 0.42 $11,532,668
Suncorp Group Limited FRN 01-JUN-2037, 5.86%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,476,822 $11,476,822 0.41 $11,376,227
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,429,431 $11,429,431 0.41 $11,195,509
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,268,963 $11,268,963 0.41 $11,102,588
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,945,049 $10,945,049 0.39 $10,845,273
Connecticut Avenue Securities Trust 2024-R06 1M2 5.95603% 25-SEP-2044, 5.96%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,751,500 $10,751,500 0.39 $10,694,995
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.85%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,635,637 $10,635,637 0.38 $10,588,276
NRTH Commercial Mortgage Trust 2025-PARK A 5.54327% 15-OCT-2040, 5.54%, 10/15/40 NRTH 2025-PARK 669985AA1 - - 10,500,000 $10,510,292 $10,510,292 0.38 $10,490,890
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,500,616 $10,500,616 0.38 $10,372,826
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,409,034 $10,409,034 0.37 $10,209,228
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,356,109 $10,356,109 0.37 $10,201,109
Amrize Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,339,632 $10,339,632 0.37 $10,313,484
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,268,871 $10,268,871 0.37 $10,088,901
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,220,062 $10,220,062 0.37 $10,178,296
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,129,923 $10,129,923 0.36 $9,834,032
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.55603% 25-MAY-2045, 5.56%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 10,060,872 $10,121,297 $10,121,297 0.36 $10,071,609
Plenti PL & Green ABS Trust 2024-2 A1 4.6875% 11-APR-2036, 4.69%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 15,246,256 $9,957,620 $9,957,620 0.36 $9,939,803
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,790,020 $9,901,318 $9,901,318 0.36 $9,777,202
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,842,795 $9,842,795 0.35 $9,637,842
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,798,243 $9,798,243 0.35 $9,700,630
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,796,673 $9,796,673 0.35 $9,774,739
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 $9,737,031 $9,737,031 0.35 $9,667,651
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,585,747 $9,585,747 0.34 $9,437,412
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 9,472,550 $9,584,087 $9,584,087 0.34 $9,574,064
RCKT MORTGAGE TRUST 2025-CES 4.9% 34, 4.90%, 07/25/34 RCKTL 2025-1A 74939RAA9 - - 9,441,135 $9,529,149 $9,529,149 0.34 $9,488,028
Westpac Banking Corporation FRN 10-JUL-2034, 5.26%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,488,426 $9,488,426 0.34 $9,465,671
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,310,722 $9,310,722 0.33 $9,174,297
Athene Global Funding 2.5% 24-MAR-2028, 2.50%, 03/24/28 ATH 04685A2V2 - - 9,677,000 $9,287,043 $9,287,043 0.33 $9,264,866
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.50603% 25-FEB-2045, 5.51%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 9,072,396 $9,124,195 $9,124,195 0.33 $9,079,793
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,046,241 $9,046,241 0.33 $9,011,936
CNH Industrial Capital Australia Pty Ltd. 4.7% 20-JUN-2028, 4.70%, 06/20/28 CNHI YN3225250 - - 13,650,000 $9,031,784 $9,031,784 0.32 $8,884,415
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 4.87%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $8,963,892 $8,963,892 0.32 $8,877,859
Canadian Imperial Bank of Commerce 4.9% 02-APR-2027, 4.90%, 04/02/27 CM 13607L3Y7 - - 12,300,000 $8,876,058 $8,876,058 0.32 $8,846,547
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,825,864 $8,825,864 0.32 $8,812,276
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.60603% 25-MAR-2044, 5.61%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 8,724,513 $8,775,788 $8,775,788 0.32 $8,732,312
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,703,284 $8,703,284 0.31 $8,558,536
EMD Finance LLC 4.125% 15-AUG-2028, 4.12%, 08/15/28 MRKGR 26867LAN0 - - 8,567,000 $8,666,399 $8,666,399 0.31 $8,595,721
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,324,370 $8,324,370 0.30 $8,047,844
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,299,445 $8,299,445 0.30 $8,228,793
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,260,445 $8,260,445 0.30 $8,172,100
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 8,193,964 $8,253,792 $8,253,792 0.30 $8,245,894
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 8,114,611 $8,245,427 $8,245,427 0.30 $8,235,718
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,228,103 $8,228,103 0.30 $8,215,239
Macquarie Bank Limited FRN 01-MAR-2034, 5.51%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,165,057 $8,165,057 0.29 $8,100,442
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,122,119 $8,122,119 0.29 $7,998,846
Volkswagen Group of America Finance LLC 4.45% 11-SEP-2027, 4.45%, 09/11/27 VW 928668CV2 - - 8,026,000 $8,102,780 $8,102,780 0.29 $8,057,143
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,065,572 $8,065,572 0.29 $8,059,334
Connecticut Avenue Securities Trust 2024-R01 1M1 5.40603% 25-JAN-2044, 5.41%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 7,978,159 $8,016,367 $8,016,367 0.29 $7,978,029
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,994,108 $7,994,108 0.29 $7,934,108
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,860,178 $7,860,178 0.28 $7,714,997
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,847,725 $7,847,725 0.28 $7,817,388
F&G Global Funding 4.65% 08-SEP-2028, 4.65%, 09/08/28 FG 30321L2K7 - - 7,744,000 $7,839,298 $7,839,298 0.28 $7,790,285
Westpac Banking Corporation FRN 29-JAN-2031, 5.44%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,790,587 $7,790,587 0.28 $7,687,663
CREDABL ABS 2024-1 TRUST FL 2045 A, 4.96%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 11,803,636 $7,723,427 $7,723,427 0.28 $7,708,839
Vistra Operations Co. LLC 4.3% 15-OCT-2028, 4.30%, 10/15/28 VST 92840VAX0 - - 7,690,000 $7,706,515 $7,706,515 0.28 $7,690,900
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,706,495 $7,706,495 0.28 $7,611,788
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,605,168 $7,605,168 0.27 $7,466,787
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,447,528 $7,447,528 0.27 $7,362,336
Connecticut Avenue Securities Trust 2025-R03 2M1 5.95603% 25-MAR-2045, 5.96%, 03/25/45 CAS 2025-R03 20754VAB3 - - 7,339,627 $7,402,225 $7,402,225 0.27 $7,363,367
CONNECTICUT AVENUE SECUR 5.55001% 45, 5.56%, 07/25/45 CAS 2025-R05 20753CAB6 - - 7,324,917 $7,373,245 $7,373,245 0.27 $7,337,070
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,304,065 $7,304,065 0.26 $7,126,615
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,234,293 $7,234,293 0.26 $7,086,418
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 6,866,000 $7,041,502 $7,041,502 0.25 $6,977,057
Pershing Square Holdings Ltd/Fund|3.25|11/15/2030, 3.25%, 11/15/30 PSHNA 71531QAD3 - - 7,500,000 $7,037,343 $7,037,343 0.25 $6,926,978
Hyundai Capital America, Inc. FRN 18-SEP-2028, 5.29%, 09/18/28 HYNMTR 44891AEB9 - - 6,960,000 $7,028,085 $7,028,085 0.25 $6,988,417
UBS Group AG FRN 23-DEC-2029, 5.06%, 12/23/29 UBS 225401BL1 - - 7,000,000 $7,022,936 $7,022,936 0.25 $6,989,752
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,975,401 $6,975,401 0.25 $6,949,106
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $6,961,172 $6,961,172 0.25 $6,930,149
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $6,948,109 $6,948,109 0.25 $6,915,771
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.40603% 25-JAN-2045, 5.41%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 6,851,986 $6,887,267 $6,887,267 0.25 $6,854,341
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,866,562 $6,866,562 0.25 $6,687,482
Sumitomo Mitsui Trust Bank, Limited FRN 11-SEP-2028, 5.00%, 09/11/28 SUMITR 86563VCC1 - - 6,800,000 $6,862,788 $6,862,788 0.25 $6,819,306
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.36%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,815,758 $6,815,758 0.25 $6,726,267
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.55603% 25-AUG-2044, 5.56%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 6,732,746 $6,780,754 $6,780,754 0.24 $6,747,503
Metro Finance 2024-1 Trust|4.72|09/17/2030, 4.72%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 10,373,154 $6,776,917 $6,776,917 0.24 $6,768,199
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,755,236 $6,755,236 0.24 $6,675,961
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,679,127 $6,679,127 0.24 $6,667,539
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,675,108 $6,675,108 0.24 $6,617,106
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,657,180 $6,657,180 0.24 $6,635,789
SK hynix Inc. 4.25% 11-SEP-2028, 4.25%, 09/11/28 HYUELE 78392BAJ6 - - 6,499,000 $6,558,178 $6,558,178 0.24 $6,522,885
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,532,515 $6,532,515 0.24 $6,457,440
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,469,463 $6,469,463 0.23 $6,365,982
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,421,325 $6,421,325 0.23 $6,363,635
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,388,946 $6,388,946 0.23 $6,355,759
Westpac Banking Corporation FRN 03-APR-2034, 5.46%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,349,840 $6,349,840 0.23 $6,327,653
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,331,309 $6,331,309 0.23 $6,267,063
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,327,198 $6,327,198 0.23 $6,242,184
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,253,276 $6,307,138 $6,307,138 0.23 $6,296,789
Connecticut Avenue Securities Trust 2025-R01 1M2 5.85603% 25-JAN-2045, 5.86%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,240,448 $6,240,448 0.22 $6,208,149
RESIMAC Bastille Trust 2024-1NC A2 4.8925% 13-SEP-2055, 4.86%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 9,333,102 $6,111,495 $6,111,495 0.22 $6,100,194
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $6,056,300 $6,056,300 0.22 $5,955,362
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $6,028,829 $6,028,829 0.22 $5,935,782
Export-Import Bank of Korea FRN 22-SEP-2028, 4.68%, 09/22/28 EIBKOR 302154EN5 - - 5,902,000 $5,933,604 $5,933,604 0.21 $5,906,899
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,912,185 $5,912,185 0.21 $5,791,688
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,830,186 $5,830,186 0.21 $5,815,887
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,825,389 $5,825,389 0.21 $5,798,314
NTT Finance Corporation 4.567% 16-JUL-2027, 4.57%, 07/16/27 NTT 62954WAP0 - - 5,692,000 $5,816,731 $5,816,731 0.21 $5,743,800
Plenti PL & Green ABS Trust 2025-1 A1G 4.7075% 11-NOV-2036, 4.71%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 8,756,212 $5,718,368 $5,718,368 0.21 $5,708,092
Insurance Australia Group Limited FRN 15-DEC-2036, 6.03%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,675,431 $5,675,431 0.20 $5,636,872
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,627,388 $5,627,388 0.20 $5,582,277
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,596,470 $5,596,470 0.20 $5,525,472
Gildan Activewear Inc. 4.7% 07-OCT-2030, 4.70%, 10/07/30 GILCN 375916AF0 - - 5,556,000 $5,587,614 $5,587,614 0.20 $5,573,107
Connecticut Avenue Securities, Series 2021-R01 1M2 5.90603% 25-OCT-2041, 5.91%, 10/25/41 CAS 2021-R01 20754RAB2 - - 5,461,973 $5,506,270 $5,506,270 0.20 $5,477,596
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,418,608 $5,418,608 0.19 $5,415,236
Bank Australia Limited FRN 24-NOV-2025, 5.15%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,348,198 $5,348,198 0.19 $5,300,298
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,242,693 $5,258,687 $5,258,687 0.19 $5,248,685
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,222,685 $5,222,685 0.19 $5,089,935
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 5,235,500 $5,220,757 $5,220,757 0.19 $5,181,489
Repsol E&P Capital Markets US LLC 4.805% 16-SEP-2028, 4.80%, 09/16/28 REPSEP 76026AAA5 - - 5,150,000 $5,207,663 $5,207,663 0.19 $5,179,480
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,186,367 $5,186,367 0.19 $5,095,617
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,135,739 $5,135,739 0.18 $5,064,072
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,066,750 $5,066,750 0.18 $5,045,194
RCKT MORTGAGE TRUST 2025-CE 4.99% 34, 4.99%, 07/25/34 RCKTL 2025-1A 74939RAB7 - - 5,000,000 $5,053,581 $5,053,581 0.18 $5,031,403
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,130,125 $5,022,433 $5,022,433 0.18 $5,002,908
Plenti PL & Green ABS Trust 2025-1 A1 4.7075% 11-NOV-2036, 4.71%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 7,483,942 $4,887,494 $4,887,494 0.18 $4,878,711
Santander UK Group Holdings plc 4.32% 22-SEP-2029, 4.32%, 09/22/29 SANUK 80281LAX3 - - 4,756,000 $4,778,237 $4,778,237 0.17 $4,758,262
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 $4,719,215 $4,719,215 0.17 $4,677,681
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,714,827 $4,714,827 0.17 $4,636,414
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,711,473 $4,711,473 0.17 $4,695,562
Hyundai Capital America, Inc. 4.25% 18-SEP-2028, 4.25%, 09/18/28 HYNMTR 44891ADZ7 - - 4,640,000 $4,666,896 $4,666,896 0.17 $4,645,532
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,644,181 $4,644,181 0.17 $4,575,416
Macquarie Bank Limited FRN 17-JUN-2031, 5.11%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,581,460 $4,581,460 0.16 $4,556,068
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,491,779 $4,491,779 0.16 $4,399,593
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,485,417 $4,485,417 0.16 $4,410,687
NTT Finance Corporation 4.62% 16-JUL-2028, 4.62%, 07/16/28 NTT 62954WAQ8 - - 4,347,000 $4,464,490 $4,464,490 0.16 $4,408,146
Liberty Series 2024-1 Auto A 4.7462% 25-MAY-2032, 4.75%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 6,475,562 $4,243,092 $4,243,092 0.15 $4,225,579
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,135,045 $4,135,045 0.15 $4,094,555
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,125,274 $4,125,274 0.15 $4,000,627
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.80603% 25-OCT-2044, 5.81%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,074,530 $4,074,530 0.15 $4,053,629
LSEGA Financing Plc 4.5% 19-OCT-2028, 4.50%, 10/19/28 LSELN YK0862044 - - 3,000,000 $4,024,579 $4,024,579 0.14 $4,020,644
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,740,963 $3,740,963 0.13 $3,661,232
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,698,823 $3,698,823 0.13 $3,650,943
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,655,232 $3,655,232 0.13 $3,640,166
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.45603% 25-DEC-2031, 5.46%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 3,476,039 $3,497,707 $3,497,707 0.13 $3,480,849
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,481,167 $3,481,167 0.13 $3,455,530
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.36%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,461,710 $3,461,710 0.12 $3,434,789
Connecticut Avenue Securities Trust 2025-R01 1M1 5.45603% 25-JAN-2045, 5.46%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,343,290 $3,361,193 $3,361,193 0.12 $3,344,978
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,321,870 $3,321,870 0.12 $3,275,970
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.70603% 25-FEB-2044, 5.71%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 3,251,961 $3,274,965 $3,274,965 0.12 $3,258,471
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,255,497 $3,255,497 0.12 $3,245,323
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,118,839 $3,118,839 0.11 $3,069,690
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,102,929 $3,102,929 0.11 $3,072,804
Suncorp Group Limited FRN 01-DEC-2038, 6.21%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,060,880 $3,060,880 0.11 $3,032,991
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,974,369 $2,974,369 0.11 $2,918,417
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,964,837 $2,964,837 0.11 $2,906,323
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 2,915,473 $2,951,369 $2,951,369 0.11 $2,946,596
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.56%, 05/25/45 CAS 2025-R04 20755TAB7 - - 2,908,176 $2,926,855 $2,926,855 0.11 $2,912,492
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 2,893,000 $2,919,123 $2,919,123 0.11 $2,905,656
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.35603% 25-JUN-2043, 6.36%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 2,835,535 $2,860,386 $2,860,386 0.10 $2,844,365
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,776,688 $2,776,688 0.10 $2,764,970
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,713,957 $2,713,957 0.10 $2,702,436
Connecticut Avenue Securities Trust 2025-R02 1M1 5.50603% 25-FEB-2045, 5.51%, 02/25/45 CAS 2025-R02 20754TAC6 - - 2,664,917 $2,680,293 $2,680,293 0.10 $2,667,250
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.55603% 25-MAY-2044, 5.56%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,628,753 $2,650,521 $2,650,521 0.10 $2,637,538
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 2,590,236 $2,632,699 $2,632,699 0.09 $2,627,794
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 2,590,236 $2,631,971 $2,631,971 0.09 $2,626,940
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,374,229 $2,374,229 0.09 $2,372,524
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,201,599 $2,263,476 $2,263,476 0.08 $2,259,165
Westpac Banking Corporation FRN 11-NOV-2027, 4.89%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,196,811 $2,196,811 0.08 $2,175,270
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,130,193 $2,150,225 $2,150,225 0.08 $2,146,696
Connecticut Avenue Securities Trust 2024-R02 1M1 5.45603% 25-FEB-2044, 5.46%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,094,937 $2,106,897 $2,106,897 0.08 $2,096,736
Plenti Auto ABS Trust 2025-1 A 4.6075% 12-AUG-2033, 4.61%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,185,695 $2,081,386 $2,081,386 0.07 $2,077,727
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,055,325 $2,055,325 0.07 $2,052,094
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,037,375 $2,037,375 0.07 $2,019,092
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,029,306 $2,029,306 0.07 $2,025,468
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.15603% 25-NOV-2041, 6.16%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 2,000,000 $2,028,227 $2,028,227 0.07 $2,017,283
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,011,580 $2,011,580 0.07 $2,005,021
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,997,120 $1,997,120 0.07 $1,977,514
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,721,658 $1,721,658 0.06 $1,711,087
Connecticut Avenue Securities Trust 2023-R06 1M1 6.05603% 25-JUL-2043, 6.06%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,610,522 $1,626,458 $1,626,458 0.06 $1,617,788
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,541,615 $1,541,615 0.06 $1,529,231
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,540,983 $1,540,983 0.06 $1,504,117
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2II 2.493% 20-NOV-2047, 2.49%, 11/20/51 DNKN 2021-1A 233046AQ4 - - 1,569,838 $1,488,725 $1,488,725 0.05 $1,481,441
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.20603% 25-NOV-2043, 6.21%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,465,733 $1,480,743 $1,480,743 0.05 $1,472,658
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,367,624 $1,367,624 0.05 $1,364,193
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,311,275 $1,311,275 0.05 $1,284,390
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.71%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 1,882,438 $1,234,180 $1,234,180 0.04 $1,231,501
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.35603% 25-MAY-2043, 6.36%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,203,831 $1,221,605 $1,221,605 0.04 $1,214,804
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,196,515 $1,196,515 0.04 $1,185,123
Connecticut Avenue Securities Trust 2024-R05 2M1 5.35603% 25-JUL-2044, 5.36%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,113,432 $1,118,727 $1,118,727 0.04 $1,113,426
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,107,691 $1,107,691 0.04 $1,095,239
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $986,748 $986,748 0.04 $984,912
Westpac Banking Corporation FRN 10-AUG-2026, 4.41%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $921,425 $921,425 0.03 $912,851
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $854,213 $854,213 0.03 $851,075
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $684,106 $684,106 0.02 $675,112
Heritage & People's Choice Ltd. FRN 16-SEP-2031, 5.96%, 09/16/31 PFBKAU BR2989365 - - 1,000,000 $657,025 $657,025 0.02 $652,673
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 4.43%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $653,648 $653,648 0.02 $651,516
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $652,389 $652,389 0.02 $651,880
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $650,614 $650,614 0.02 $647,604
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.35603% 25-OCT-2044, 5.36%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 631,869 $634,879 $634,879 0.02 $631,871
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.04%, 10/14/31 BENAU BR8160425 - - 800,000 $523,332 $523,332 0.02 $522,399
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $364,166 $364,166 0.01 $363,618
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $99,498 $99,498 0.00 $97,532
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.40%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $98,768 $98,768 0.00 $97,874
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - -3,094 $-645,920,847 $0 0.00 $0
CAN 2YR BOND FUT Dec25 DEC 25 CVZ5 FUTURES_CAD - -546.00 $-41,271,629 $0 0.00 $0
EURO-SCHATZ FUT Dec25 DEC 25 DUZ5 FUTURES_EUR - -137.00 $-17,055,317 $0 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - -345.00 $-37,852,969 $0 0.00 $0
AUST 3YR BOND FUT Dec25 DEC 25 YMZ5 AU03Y 28Z - -559.00 $-39,026,330 $0 0.00 $0
HCA INC 0% 10/28/2025, 0.00%, 10/28/25 HCA 40412BXU2 - - 59,650,000 $59,642,676 $59,642,676 2.15 $59,642,676
HCA INC 0% 10/27/2025, 0.00%, 10/27/25 HCA 40412BXT5 - - 45,300,000 $45,282,872 $45,282,872 1.63 $45,282,872
AUTONATION INC 0% 10/27/2025, 0.00%, 10/27/25 AUTONA 05330LXT5 - - 41,500,000 $41,483,558 $41,483,558 1.49 $41,483,558
TARGA RESOURCES CORP 0% 10/27/2025, 0.00%, 10/27/25 TRGP 87613EXT7 - - 29,200,000 $29,189,470 $29,189,470 1.05 $29,189,470
UNION ELECTRIC CO 0% 10/27/2025, 0.00%, 10/27/25 UECCP 90655JXT9 - - 11,650,000 $11,645,935 $11,645,935 0.42 $11,645,935
DARDEN RESTAURANTS INC 0% 10/27/2025, 0.00%, 10/27/25 DRI 23719JXT4 - - 9,100,000 $9,096,787 $9,096,787 0.33 $9,096,787
SEGREGATED CASH SEGCASH - $0.00 7,942,253 $7,942,253 $7,942,253 0.29 $7,942,253
AUSTRALIAN DOLLARS AUD - - 11,832,668 $7,690,642 $7,690,642 0.28 $7,690,642
NEW ZEALAND DOLLAR NZD - - 8,958,571 $5,141,778 $5,141,778 0.18 $5,141,778
BRITISH POUND GBP - - 2,231,225 $2,967,410 $2,967,410 0.11 $2,967,410
EURO EUR - - 1,181,045 $1,373,084 $1,373,084 0.05 $1,373,084
CANADIAN DOLLAR CAD - - 1,618,307 $1,153,750 $1,153,750 0.04 $1,153,750
US DOLLARS USD MD_142224 - - -69,602,039 $-69,602,039 $-69,602,039 -2.50 $-69,602,039
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 $47,216,052 $47,216,052 1.70 $47,216,052
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-47,216,052 $-47,216,052 -1.70 $-47,216,052
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $43,258,662 $43,258,662 1.56 $43,258,662
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-43,258,662 $-43,258,662 -1.56 $-43,258,662
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $61,154,444 $61,154,444 2.20 $61,154,444
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-61,154,444 $-61,154,444 -2.20 $-61,154,444
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - 94,000,000 $53,951,363 $53,951,363 1.94 $53,951,363
Pay NZD BANK BILL 3MO Receive Fixed 3.03%, 3.03%, 08/08/27 - - - -94,000,000 $-53,951,363 $-53,951,363 -1.94 $-53,951,363
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - 32,900,000 $18,882,977 $18,882,977 0.68 $18,882,977
Pay NZD BANK BILL 3MO Receive Fixed 2.923%, 2.92%, 08/25/27 - - - -32,900,000 $-18,882,977 $-18,882,977 -0.68 $-18,882,977
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
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - 9,800,000 $5,624,717 $5,624,717 0.20 $5,624,717
Pay NZD BANK BILL 3MO Receive Fixed 2.665%, 2.67%, 09/25/27 - - - -9,800,000 $-5,624,717 $-5,624,717 -0.20 $-5,624,717
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - 109,400,000 $145,496,137 $145,496,137 5.23 $145,496,137
PARENT OIS REC FIX GBP 3.624% PAY SONIO/N 21Oct27 CME_US, 3.62%, 10/21/27 - - - -109,400,000 $-145,496,137 $-145,496,137 -5.23 $-145,496,137
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 $457,067 0.02 $457,067
PARENT CDS SWAPTION CDX-NAIGS45V1-5Y 19Nov25 60 PAYER CITI_US_SW @8.75C 60, 1.00%, 11/19/25 - UCAXXD8HR $60.00 155,000,000 $-155,000,000 $61,459 0.00 $61,459
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 $134,529,425 $0 0.00 $0
PARENT CDS SWAPTION CDX-NAIGS45V1-5Y 19Nov25 70 PAYER CITI_US_SW @4.25C 1, 1.00%, 11/19/25 - UCAXXD8HV $1.00 -155,000,000 $155,000,000 $-32,685 0.00 $-32,685
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 $-155,670 -0.01 $-155,670
FX Forward|AUD|01/16/2026 +AUD2 - - -307,605,000 $-200,110,573 $-200,110,573 -7.20 $-200,110,573
FX Forward|USD|01/16/2026 +AUD2 - - 202,961,778 $202,961,778 $202,961,778 7.30 $202,961,778
FX Forward|AUD|01/16/2026 +AUD0 - - -307,645,000 $-200,136,594 $-200,136,594 -7.20 $-200,136,594
FX Forward|USD|01/16/2026 +AUD0 - - 202,800,507 $202,800,507 $202,800,507 7.30 $202,800,507
FX Forward|CAD|01/16/2026 +CADU - - -99,540,000 $-71,253,618 $-71,253,618 -2.56 $-71,253,618
FX Forward|USD|01/16/2026 +CADU - - 71,662,551 $71,662,551 $71,662,551 2.58 $71,662,551
FX Forward|EUR|01/16/2026 +EUR0 - - -12,410,000 $-14,492,159 $-14,492,159 -0.52 $-14,492,159
FX Forward|USD|01/16/2026 +EUR0 - - 14,478,933 $14,478,933 $14,478,933 0.52 $14,478,933
FX Forward|GBP|01/16/2026 +GBP1 - - -10,460,000 $-13,909,081 $-13,909,081 -0.50 $-13,909,081
FX Forward|USD|01/16/2026 +GBP1 - - 14,005,187 $14,005,187 $14,005,187 0.50 $14,005,187
FX Forward|NZD|01/16/2026 +NZD2 - - -2,400,000 $-1,382,129 $-1,382,129 -0.05 $-1,382,129
FX Forward|USD|01/16/2026 +NZD2 - - 1,391,889 $1,391,889 $1,391,889 0.05 $1,391,889
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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