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 July 2, 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 $44,967,315 $44,967,315 1.71 $43,953,519
Citigroup Inc. 5.61% 29-SEP-2026, 5.61%, 09/29/26 C 172967NX5 - - 35,000,000 $35,587,096 $35,587,096 1.35 $35,074,404
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $34,256,592 $34,256,592 1.30 $33,739,244
Atlas Warehouse Lending Co. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 25,655,000 $26,843,706 $26,843,706 1.01 $25,968,478
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $25,800,211 $25,800,211 0.98 $25,561,887
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,586,481 $25,586,481 0.98 $25,043,160
Bank Australia Limited FRN 21-FEB-2028, 5.84%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $25,500,387 $25,500,387 0.97 $25,327,730
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $24,124,438 $24,124,438 0.92 $23,638,584
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $23,692,574 $23,692,574 0.90 $23,108,090
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 $23,287,063 $23,287,063 0.89 $23,165,820
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,223,852 $23,223,852 0.89 $23,081,057
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 22,400,000 $23,175,108 $23,175,108 0.88 $22,741,046
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,047,813 $23,047,813 0.88 $22,970,419
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,735,997 $22,735,997 0.87 $22,605,012
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,340,692 $22,340,692 0.85 $21,824,361
BX Trust 2025-ROIC A 5.45559% 15-FEB-2042, 5.46%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 21,022,000 $20,970,198 $20,970,198 0.80 $20,912,855
NOW Trust 2024-1 A 5.135% 14-JUN-2032, 5.13%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 31,347,021 $20,701,242 $20,701,242 0.79 $20,652,035
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,512,759 $20,512,759 0.78 $20,238,611
Amgen Inc. 5.507% 02-MAR-2026, 5.51%, 03/02/26 AMGN 031162DN7 - - 20,025,000 $20,398,163 $20,398,163 0.78 $20,027,508
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $20,375,654 $20,375,654 0.78 $19,844,358
Athene Global Funding 4.83% 09-MAY-2028, 4.83%, 05/09/28 ATH 04685A4N8 - - 20,000,000 $20,226,874 $20,226,874 0.77 $20,081,974
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,597,634 $19,597,634 0.75 $19,361,104
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,326,062 $19,326,062 0.74 $19,089,003
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 19,647,000 $19,294,819 $19,294,819 0.74 $19,036,815
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,851,852 $18,851,852 0.72 $18,795,054
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,943,937 $17,943,937 0.68 $17,603,130
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,854,997 $17,854,997 0.68 $17,568,506
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,582,060 $17,582,060 0.67 $17,306,275
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,505,316 $17,505,316 0.67 $17,323,683
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,376,222 $17,376,222 0.66 $17,260,719
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,363,104 $17,363,104 0.66 $17,087,034
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,315,223 $17,315,223 0.66 $17,151,931
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,285,320 $17,285,320 0.66 $17,059,639
NOW Trust 2025-1 A 4.885% 14-FEB-2034, 4.88%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 26,114,177 $17,180,185 $17,180,185 0.66 $17,141,188
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,912,087 $16,912,087 0.65 $16,778,364
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $16,818,669 $16,818,669 0.64 $16,781,363
Morgan Stanley 6.138% 16-OCT-2026, 6.14%, 10/16/26 MS 61747YEX9 - - 16,250,000 $16,529,793 $16,529,793 0.63 $16,316,455
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,521,721 $16,521,721 0.63 $16,364,460
National Australia Bank Limited FRN 18-NOV-2030, 5.87%, 11/18/30 NAB BM3607918 - - 24,275,000 $16,097,084 $16,097,084 0.61 $15,979,233
DBS Group Holdings Ltd 5.479% 12-SEP-2025, 5.48%, 09/12/25 DBSSP 24023KAJ7 - - 15,800,000 $16,093,609 $16,093,609 0.61 $15,826,690
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $15,982,376 $15,982,376 0.61 $15,812,074
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.80517% 25-OCT-2041, 5.81%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 15,526,432 $15,592,412 $15,592,412 0.60 $15,572,383
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,404,115 $15,404,115 0.59 $15,130,958
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,296,401 $15,296,401 0.58 $15,191,435
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,269,277 $15,269,277 0.58 $15,090,059
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,082,197 $15,082,197 0.58 $15,047,835
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $15,077,161 $15,077,161 0.58 $14,899,953
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $15,003,096 $15,003,096 0.57 $14,687,430
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,982,748 $14,982,748 0.57 $14,726,593
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $14,837,344 $14,837,344 0.57 $14,752,262
Holcim Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 AMRZ 43475RAB2 - - 14,284,000 $14,548,204 $14,548,204 0.56 $14,387,826
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,492,878 $14,492,878 0.55 $14,360,626
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,412,910 $14,412,910 0.55 $14,299,790
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,248,213 $14,248,213 0.54 $14,060,748
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,224,199 $14,224,199 0.54 $14,070,831
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,969,435 $13,969,435 0.53 $13,668,827
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,866,196 $13,866,196 0.53 $13,623,790
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $13,783,871 $13,783,871 0.53 $13,711,593
Newcastle Greater Mutual Group Ltd FRN 14-FEB-2029, 5.64%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,765,913 $13,765,913 0.53 $13,662,395
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,494,929 $13,494,929 0.52 $13,391,529
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,221,798 $13,221,798 0.50 $12,914,847
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $13,175,064 $13,175,064 0.50 $12,866,761
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,157,012 $13,157,012 0.50 $12,934,788
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $13,132,013 $13,132,013 0.50 $12,972,019
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,081,959 $13,081,959 0.50 $13,075,488
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,070,038 $13,070,038 0.50 $12,946,875
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $13,069,366 $13,069,366 0.50 $12,960,236
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $12,995,555 $12,995,555 0.50 $12,881,617
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $12,975,531 $12,975,531 0.50 $12,862,675
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $12,931,831 $12,931,831 0.49 $12,809,689
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $12,923,601 $12,923,601 0.49 $12,712,450
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.67%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,734,608 $12,734,608 0.49 $12,645,203
Plenti PL & Green ABS Trust 2024-2 A1 5.0075% 11-APR-2036, 4.94%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 19,131,137 $12,602,552 $12,602,552 0.48 $12,565,201
Schweizerischer Bankverein /SBC/ 7.5% 15-JUL-2025, 7.50%, 07/15/25 UBS 870836AC7 - - 12,150,000 $12,586,003 $12,586,003 0.48 $12,160,753
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,459,608 $12,459,608 0.48 $12,197,441
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $12,170,000 $12,170,000 0.46 $11,987,102
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $12,020,186 $12,020,186 0.46 $11,821,386
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,885,896 $11,885,896 0.45 $11,619,296
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $11,857,490 $11,857,490 0.45 $11,755,251
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,571,850 $11,850,673 $11,850,673 0.45 $11,728,602
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,828,328 $11,828,328 0.45 $11,748,004
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,701,738 $11,701,738 0.45 $11,602,998
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,530,109 $11,530,109 0.44 $11,424,677
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,519,625 $11,519,625 0.44 $11,467,604
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 11,411,041 $11,513,571 $11,513,571 0.44 $11,491,146
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M1 5.53128% 25-MAY-2045, 5.51%, 05/25/45 STACR 2025-DNA2 35564NHZ9 - - 11,443,699 $11,480,429 $11,480,429 0.44 $11,466,429
Suncorp Group Limited FRN 01-JUN-2037, 6.00%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,477,393 $11,477,393 0.44 $11,419,816
NRTH 2024-PARK Mortgage Trust A 5.95306% 15-MAR-2039, 5.95%, 03/15/41 NRTH 2024-PARK 67021HAA4 - - 11,400,000 $11,437,712 $11,437,712 0.44 $11,403,774
AerCap Ireland Capital DAC / AerCap Global Aviation Trust|6.5|07/15/2025, 6.50%, 07/15/25 AER 00774MAN5 - - 11,000,000 $11,338,620 $11,338,620 0.43 $11,004,953
Kiwibank Limited FRN 23-SEP-2025, 4.82%, 09/23/25 KIWI Q5S26ZAL7 - - 17,230,000 $11,332,636 $11,332,636 0.43 $11,317,712
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,329,110 $11,329,110 0.43 $11,062,910
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.11%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,982,608 $10,982,608 0.42 $10,918,489
Connecticut Avenue Securities Trust 2024-R06 1M2 5.90517% 25-SEP-2044, 5.91%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,720,359 $10,720,359 0.41 $10,706,353
Teachers Mutual Bank Limited FRN 21-JUN-2027, 4.96%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,690,930 $10,690,930 0.41 $10,676,523
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,621,196 $10,621,196 0.41 $10,597,892
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,438,090 $10,438,090 0.40 $10,181,803
Holcim Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 AMRZ 43475RAA4 - - 10,232,000 $10,371,183 $10,371,183 0.40 $10,258,745
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,328,010 $10,328,010 0.39 $10,184,151
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,243,944 $10,243,944 0.39 $10,216,698
Marex Group plc 5.829% 08-MAY-2028, 5.83%, 05/08/28 MARGRO 566539AB8 - - 10,031,000 $10,240,357 $10,240,357 0.39 $10,151,027
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,103,145 $10,103,145 0.39 $10,091,344
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 9,831,937 $9,990,228 $9,990,228 0.38 $9,968,382
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $9,946,742 $9,946,742 0.38 $9,849,272
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,925,248 $9,925,248 0.38 $9,726,971
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,814,680 $9,808,375 $9,808,375 0.37 $9,718,271
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,787,861 $9,787,861 0.37 $9,700,129
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.21%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 14,823,506 $9,784,917 $9,784,917 0.37 $9,754,392
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.45517% 25-FEB-2045, 5.46%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 9,663,505 $9,674,613 $9,674,613 0.37 $9,662,899
Bank of America Corporation 4.623% 09-MAY-2029, 4.62%, 05/09/29 BAC 06051GMT3 - - 9,500,000 $9,614,539 $9,614,539 0.37 $9,548,661
Westpac Banking Corporation FRN 10-JUL-2034, 5.79%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,572,687 $9,572,687 0.37 $9,447,641
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 9,415,775 $9,457,884 $9,457,884 0.36 $9,441,030
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,401,187 $9,401,187 0.36 $9,398,630
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,352,868 $9,352,868 0.36 $9,128,168
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 5.42%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $9,043,472 $9,043,472 0.35 $8,978,474
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $9,039,550 $9,039,550 0.35 $8,934,493
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,870,613 $8,870,613 0.34 $8,782,289
Connecticut Avenue Securities Trust 2024-R01 1M1 5.35517% 25-JAN-2044, 5.36%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 8,848,315 $8,855,001 $8,855,001 0.34 $8,844,471
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,789,954 $8,789,954 0.34 $8,551,545
Volkswagen Financial Services Australia Pty Ltd. 1.4% 25-AUG-2025, 1.40%, 08/25/25 VW BR0344159 - - 13,370,000 $8,781,699 $8,781,699 0.34 $8,738,615
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $8,359,624 $8,359,624 0.32 $8,191,362
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,309,665 $8,309,665 0.32 $8,163,803
Commonwealth Bank of Australia FRN 10-SEP-2030, 5.91%, 09/10/30 CBAAU AU3FN0055992 - - 12,500,000 $8,248,862 $8,248,862 0.31 $8,218,308
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,234,007 $8,234,007 0.31 $8,150,391
RESIMAC Bastille Trust 2024-1NC A2 5.0976% 13-SEP-2055, 5.10%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 12,422,147 $8,212,411 $8,212,411 0.31 $8,189,637
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,185,388 $8,185,388 0.31 $7,984,629
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,179,926 $8,179,926 0.31 $8,080,501
Connecticut Avenue Securities Trust 2025-R03 2M1 5.92197% 25-MAR-2045, 5.91%, 03/25/45 CAS 2025-R03 20754VAB3 - - 8,111,749 $8,160,928 $8,160,928 0.31 $8,150,283
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,131,581 $8,131,581 0.31 $8,043,000
Macquarie Bank Limited FRN 01-MAR-2034, 6.07%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $8,106,226 $8,106,226 0.31 $8,066,340
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,989,918 $7,989,918 0.30 $7,874,918
Metro Finance 2024-1 Trust|4.971|09/17/2030, 4.97%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 12,037,865 $7,945,040 $7,945,040 0.30 $7,927,823
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,896,641 $7,896,641 0.30 $7,797,262
Westpac Banking Corporation FRN 29-JAN-2031, 5.44%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,841,204 $7,841,204 0.30 $7,766,138
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.50517% 25-AUG-2044, 5.51%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 7,730,236 $7,743,231 $7,743,231 0.30 $7,733,774
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,726,411 $7,726,411 0.29 $7,718,012
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,716,931 $7,716,931 0.29 $7,555,011
Plenti PL & Green ABS Trust 2025-1 A1G 4.95502% 11-NOV-2036, 4.96%, 11/11/36 PLENG 2025-1 BCC3M8WP2 - - 11,700,000 $7,708,471 $7,708,471 0.29 $7,679,282
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.35517% 25-JAN-2045, 5.36%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 7,627,466 $7,640,449 $7,640,449 0.29 $7,631,372
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,495,845 $7,495,845 0.29 $7,332,560
Cargill, Incorporated 4.875% 10-OCT-2025, 4.88%, 10/10/25 CARGIL 141781BY9 - - 7,375,000 $7,459,326 $7,459,326 0.28 $7,376,434
Delta Air Lines, Inc. 4.95% 10-JUL-2028, 4.95%, 07/10/28 DAL 247361A24 - - 7,346,000 $7,391,409 $7,391,409 0.28 $7,368,178
Taco Bell Funding Series 2016-1 A2III 4.97% 25-MAY-2046, 4.97%, 05/25/46 BELL 2016-1A 87342RAC8 - - 7,261,763 $7,297,802 $7,297,802 0.28 $7,259,706
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,153,598 $7,153,598 0.27 $7,095,848
Starbucks Corporation 4.5% 15-MAY-2028, 4.50%, 05/15/28 SBUX 855244BN8 - - 7,000,000 $7,077,377 $7,077,377 0.27 $7,029,252
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $6,993,872 $6,993,872 0.27 $6,898,863
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $6,959,969 $6,959,969 0.27 $6,868,345
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,903,837 $6,903,837 0.26 $6,871,474
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,888,473 $6,888,473 0.26 $6,737,487
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.90%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,831,094 $6,831,094 0.26 $6,762,822
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,750,733 $6,750,733 0.26 $6,687,648
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,722,556 $6,722,556 0.26 $6,604,740
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,676,246 $6,676,246 0.25 $6,386,597
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,674,184 $6,674,184 0.25 $6,593,971
General Motors Company 5.35% 15-APR-2028, 5.35%, 04/15/28 GM 37045VBC3 - - 6,498,000 $6,655,145 $6,655,145 0.25 $6,601,067
Plenti PL & Green ABS Trust 2025-1 A1 4.95502% 11-NOV-2036, 4.96%, 11/11/36 PLENG 2025-1 BCC3M8WN7 - - 10,000,000 $6,588,437 $6,588,437 0.25 $6,563,489
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,500,000 $6,516,199 $6,516,199 0.25 $6,500,063
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,505,621 $6,505,621 0.25 $6,497,651
Domino's Pizza Master Issuer Series 2021-1 2021-A2I 2.662% 25-APR-2051, 2.66%, 04/25/51 DPABS 2021-1A 25755TAN0 - - 6,900,860 $6,454,521 $6,454,521 0.25 $6,419,822
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,433,426 $6,433,426 0.25 $6,341,040
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,422,225 $6,422,225 0.25 $6,411,988
Westpac Banking Corporation FRN 03-APR-2034, 6.01%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,407,335 $6,407,335 0.24 $6,313,942
BMW US Capital LLC 5.3% 11-AUG-2025, 5.30%, 08/11/25 BMW 05565ECC7 - - 6,250,000 $6,384,251 $6,384,251 0.24 $6,253,591
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,332,325 $6,332,325 0.24 $6,329,671
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,296,394 $6,296,394 0.24 $6,148,337
Connecticut Avenue Securities, Series 2021-R01 1M2 5.85517% 25-OCT-2041, 5.86%, 10/25/41 CAS 2021-R01 20754RAB2 - - 6,236,298 $6,261,952 $6,261,952 0.24 $6,253,838
Connecticut Avenue Securities Trust 2025-R01 1M2 5.80517% 25-JAN-2045, 5.81%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,216,884 $6,216,884 0.24 $6,208,878
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 5,790,000 $6,064,580 $6,064,580 0.23 $5,958,623
Atlas Warehouse Lending Co. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $5,952,554 $5,952,554 0.23 $5,751,669
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,915,053 $5,915,053 0.23 $5,889,141
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,827,118 $5,827,118 0.22 $5,777,868
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,789,227 $5,789,227 0.22 $5,771,242
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,738,447 $5,738,447 0.22 $5,671,662
Insurance Australia Group Limited FRN 15-DEC-2036, 6.56%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,686,346 $5,686,346 0.22 $5,668,181
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,580,612 $5,580,612 0.21 $5,458,120
Gartner, Inc. 3.625% 15-JUN-2029, 3.62%, 06/15/29 IT 366651AG2 - - 5,844,000 $5,568,861 $5,568,861 0.21 $5,558,269
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,526,091 $5,526,091 0.21 $5,516,446
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,481,467 $5,481,467 0.21 $5,422,468
BX Commercial Mortgage Trust 2024-AIRC A 6.00324% 15-AUG-2041, 6.00%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,436,029 $5,467,058 $5,467,058 0.21 $5,450,742
Bank Australia Limited FRN 24-NOV-2025, 5.07%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,393,351 $5,393,351 0.21 $5,363,526
MSD Investment Corp. 6.25% 31-MAY-2030, 6.25%, 05/31/30 MSINTM 55354LAA7 - - 5,250,000 $5,282,664 $5,282,664 0.20 $5,199,721
Crestwood Midstream Partners LP 6.0% 01-FEB-2029, 6.00%, 02/01/29 ET 226373AR9 - - 5,000,000 $5,206,160 $5,206,160 0.20 $5,079,493
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,124,799 $5,124,799 0.20 $5,085,466
NatWest Group Plc 2.875% 19-SEP-2026, 2.88%, 09/19/26 NWG AR7574981 - - 3,690,000 $5,106,875 $5,106,875 0.19 $4,993,483
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,082,943 $5,082,943 0.19 $5,070,568
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,082,246 $5,082,246 0.19 $5,017,580
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,143,450 $4,950,821 $4,950,821 0.19 $4,938,257
Liberty Series 2024-1 Auto A 4.8856% 25-MAY-2032, 4.87%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 7,417,265 $4,883,962 $4,883,962 0.19 $4,878,763
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,725,156 $4,725,156 0.18 $4,672,528
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 4,696,550 $4,680,034 $4,680,034 0.18 $4,652,274
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,641,776 $4,641,776 0.18 $4,532,377
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,632,959 $4,632,959 0.18 $4,622,266
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.55517% 25-MAR-2044, 5.56%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 4,614,999 $4,632,809 $4,632,809 0.18 $4,627,112
Macquarie Bank Limited FRN 17-JUN-2031, 5.66%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,601,073 $4,601,073 0.18 $4,589,699
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,571,317 $4,571,317 0.17 $4,554,506
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,558,657 $4,558,657 0.17 $4,436,193
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,157,481 $4,157,481 0.16 $4,080,385
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.40517% 25-DEC-2031, 5.41%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 4,054,823 $4,085,842 $4,085,842 0.16 $4,061,070
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,067,658 $4,067,658 0.16 $4,023,292
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.75517% 25-OCT-2044, 5.76%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,056,839 $4,056,839 0.15 $4,051,659
Connecticut Avenue Securities Trust 2025-R01 1M1 5.40517% 25-JAN-2045, 5.41%, 01/25/45 CAS 2025-R01 20755JAB9 - - 3,718,357 $3,743,123 $3,743,123 0.14 $3,721,592
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,740,143 $3,740,143 0.14 $3,652,762
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,672,024 $3,672,024 0.14 $3,642,789
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.30517% 25-JUN-2043, 6.31%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 3,631,059 $3,658,954 $3,658,954 0.14 $3,653,867
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,642,999 $3,642,999 0.14 $3,594,789
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.65517% 25-FEB-2044, 5.66%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 3,560,377 $3,585,200 $3,585,200 0.14 $3,580,726
Lloyds Banking Group plc FRN 06-MAR-2030, 5.39%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,478,907 $3,478,907 0.13 $3,465,200
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.91%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,466,849 $3,466,849 0.13 $3,454,729
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 3,515,225 $3,452,815 $3,452,815 0.13 $3,435,894
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 3,333,678 $3,377,637 $3,377,637 0.13 $3,355,341
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,345,622 $3,345,622 0.13 $3,270,022
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA3 M1A 6.60517% 25-AUG-2042, 6.61%, 08/25/42 STACR 2022-HQA3 35564KE39 - - 3,268,144 $3,333,730 $3,333,730 0.13 $3,328,933
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,286,651 $3,286,651 0.13 $3,244,500
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.51%, 05/25/45 CAS 2025-R04 20755TAB7 - - 3,153,108 $3,164,316 $3,164,316 0.12 $3,160,459
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 3,078,601 $3,132,626 $3,132,626 0.12 $3,123,882
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 3,078,601 $3,120,129 $3,120,129 0.12 $3,111,159
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,096,383 $3,096,383 0.12 $3,045,548
Brown & Brown, Inc. 4.7% 23-JUN-2028, 4.70%, 06/23/28 BRO 115236AJ0 - - 3,036,000 $3,061,053 $3,061,053 0.12 $3,057,089
Suncorp Group Limited FRN 01-DEC-2038, 6.36%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $3,038,861 $3,038,861 0.12 $3,022,920
Connecticut Avenue Securities Trust 2025-R02 1M1 5.47197% 25-FEB-2045, 5.46%, 02/25/45 CAS 2025-R02 20754TAC6 - - 3,003,105 $3,023,570 $3,023,570 0.12 $3,005,956
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.50517% 25-MAY-2044, 5.51%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 2,907,448 $2,913,731 $2,913,731 0.11 $2,910,174
General Motors Financial Company, Inc. 5.0% 15-JUL-2027, 5.00%, 07/15/27 GM 37045XFH4 - - 2,866,000 $2,896,665 $2,896,665 0.11 $2,883,529
Citadel Securities Global Holdings LLC 5.5% 18-JUN-2030, 5.50%, 06/18/30 CITSEC 17289RAA4 - - 2,839,000 $2,873,083 $2,873,083 0.11 $2,866,577
BBVA USA 5.9% 01-APR-2026, 5.90%, 04/01/26 PNC 20449EEE2 - - 2,750,000 $2,809,760 $2,809,760 0.11 $2,768,296
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,654,715 $2,654,715 0.10 $2,647,654
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,511,190 $2,533,431 $2,533,431 0.10 $2,527,191
Plenti Auto ABS Trust 2025-1 A 4.8525% 12-AUG-2033, 4.85%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 3,836,751 $2,526,492 $2,526,492 0.10 $2,519,462
Connecticut Avenue Securities Trust 2024-R02 1M1 5.40517% 25-FEB-2044, 5.41%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,515,891 $2,518,554 $2,518,554 0.10 $2,515,532
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,373,050 $2,444,794 $2,444,794 0.09 $2,414,587
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,383,225 $2,383,225 0.09 $2,371,889
Westpac Banking Corporation FRN 11-NOV-2027, 5.42%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,212,886 $2,212,886 0.08 $2,196,469
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,079,090 $2,079,090 0.08 $2,043,960
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $2,068,608 $2,068,608 0.08 $2,046,185
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,035,417 $2,035,417 0.08 $2,025,957
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $2,013,198 $2,013,198 0.08 $1,998,233
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $2,009,406 $2,009,406 0.08 $1,971,575
Connecticut Avenue Securities Trust 2023-R06 1M1 6.00517% 25-JUL-2043, 6.01%, 07/25/43 CAS 2023-R06 20754EAA3 - - 1,888,633 $1,902,084 $1,902,084 0.07 $1,899,564
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,731,417 $1,731,417 0.07 $1,706,311
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.15517% 25-NOV-2043, 6.16%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,709,714 $1,725,841 $1,725,841 0.07 $1,723,502
Great Southern Bank (Australia) FRN 01-DEC-2025, 5.29%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,555,782 $1,555,782 0.06 $1,548,636
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,520,381 $1,520,381 0.06 $1,511,563
Connecticut Avenue Securities Trust 2024-R05 2M1 5.30517% 25-JUL-2044, 5.31%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,347,604 $1,514,211 $1,514,211 0.06 $1,346,554
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2II 2.493% 20-NOV-2047, 2.49%, 11/20/51 DNKN 2021-1A 233046AQ4 - - 1,573,915 $1,455,908 $1,455,908 0.06 $1,451,221
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.30517% 25-MAY-2043, 6.31%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,379,494 $1,396,147 $1,396,147 0.05 $1,394,214
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,377,944 $1,377,944 0.05 $1,367,935
CREDABL ABS 2024-1 TRUST FLT 2045 C, 5.96%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 2,060,000 $1,362,747 $1,362,747 0.05 $1,357,894
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,282,814 $1,282,814 0.05 $1,276,226
General Motors Financial Company, Inc. 6.05% 10-OCT-2025, 6.05%, 10/10/25 GM 37045XDZ6 - - 1,250,000 $1,271,344 $1,271,344 0.05 $1,253,908
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,187,530 $1,187,530 0.05 $1,185,985
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,128,229 $1,128,229 0.04 $1,105,310
General Motors Financial Company, Inc. 1.55% 02-SEP-2025, 1.55%, 09/02/25 GM BR1269116 - - 1,590,000 $1,044,308 $1,044,308 0.04 $1,038,857
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $993,471 $993,471 0.04 $981,536
Westpac Banking Corporation FRN 10-AUG-2026, 4.95%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $928,893 $928,893 0.04 $922,160
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.30517% 25-OCT-2044, 5.31%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 911,907 $912,842 $912,842 0.03 $911,767
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $863,249 $863,249 0.03 $861,142
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $679,652 $679,652 0.03 $677,594
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $660,221 $660,221 0.03 $653,973
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $660,135 $660,135 0.03 $652,877
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 5.25%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $659,021 $659,021 0.03 $658,738
Australian Central Credit Union Ltd. FRN 16-SEP-2031, 6.51%, 09/16/31 ACDAU BR2989365 - - 1,000,000 $653,194 $653,194 0.02 $651,203
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.53%, 10/14/31 BENAU BR8160425 - - 800,000 $530,826 $530,826 0.02 $524,465
Commonwealth Bank of Australia 4.2% 18-AUG-2025, 4.20%, 08/18/25 CBAAU BY3652421 - - 600,000 $400,045 $400,045 0.02 $393,927
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $366,962 $366,962 0.01 $364,863
Bayview Opportunity Master Fund VII Trust 2024-SN1 A2 5.67% 15-APR-2027, 5.67%, 04/15/27 BVABS 2024-SN1A 072926AB4 - - 336,454 $337,657 $337,657 0.01 $336,703
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.97%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $99,539 $99,539 0.00 $98,928
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $98,977 $98,977 0.00 $98,244
AUST 3YR BOND FUT Sep25 SEP 25 YMU5 AU03Y 28U - -284.00 $-20,077,731 $0 0.00 $0
US 5YR NOTE (CBT) Sep25 SEP 25 FVU5 FUTURES_USD - -365.00 $-39,659,531 $0 0.00 $0
EURO-SCHATZ FUT Sep25 SEP 25 DUU5 FUTURES_EUR - 940.00 $118,617,204 $0 0.00 $0
CAN 2YR BOND FUT Sep25 SEP 25 CVU5 FUTURES_CAD - 665.00 $51,461,613 $0 0.00 $0
US 2YR NOTE (CBT) Sep25 SEP 25 TUU5 FUTURES_USD - -2,689 $-558,639,750 $0 0.00 $0
GLOBAL PAYMENTS INC 0% 07/03/2025, 0.00%, 07/03/25 GPN 37961CU34 - - 72,800,000 $72,790,092 $72,790,092 2.78 $72,790,092
CONAGRA BRANDS INC 0% 07/07/2025, 0.00%, 07/07/25 CAGPP 20600GU79 - - 61,050,000 $61,010,073 $61,010,073 2.33 $61,010,073
CONAGRA BRANDS INC 0% 07/03/2025, 0.00%, 07/03/25 CAGPP 20600GU38 - - 48,900,000 $48,893,633 $48,893,633 1.87 $48,893,633
JABIL INC 0% 07/07/2025, 0.00%, 07/07/25 JBLPP 46652LU70 - - 38,400,000 $38,372,847 $38,372,847 1.46 $38,372,847
JABIL INC 0% 07/03/2025, 0.00%, 07/03/25 JBLPP 46652LU39 - - 36,550,000 $36,544,806 $36,544,806 1.39 $36,544,806
CVS HEALTH CORP 0% 07/07/2025, 0.00%, 07/07/25 CVS 12665JU72 - - 15,400,000 $15,389,651 $15,389,651 0.59 $15,389,651
SEGREGATED CASH SEGCASH - $0.00 7,201,885 $7,201,885 $7,201,885 0.27 $7,201,885
AUSTRALIAN DOLLARS AUD - - 10,753,558 $7,058,086 $7,058,086 0.27 $7,058,086
NEW ZEALAND DOLLAR NZD - - 5,863,483 $3,558,262 $3,558,262 0.14 $3,558,262
CANADIAN DOLLAR CAD - - 4,519,495 $3,314,020 $3,314,020 0.13 $3,314,020
BRITISH POUND GBP - - 1,999,937 $2,718,599 $2,718,599 0.10 $2,718,599
EURO EUR - - 1,708,886 $2,010,927 $2,010,927 0.08 $2,010,927
US DOLLARS USD MD_142224 - - -90,752,165 $-90,752,165 $-90,752,165 -3.46 $-90,752,165
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 2.08 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -2.08 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.615%, 5.62%, 07/13/25 - - - 32,632,700 $19,803,198 $19,803,198 0.76 $19,803,198
Pay NZD BANK BILL 3MO Receive Fixed 5.615%, 5.62%, 07/13/25 - - - -32,632,700 $-19,803,198 $-19,803,198 -0.76 $-19,803,198
Pay NZD BANK BILL 3MO Receive Fixed 5.3775%, 5.38%, 07/19/25 - - - 32,632,700 $19,803,198 $19,803,198 0.76 $19,803,198
Pay NZD BANK BILL 3MO Receive Fixed 5.3775%, 5.38%, 07/19/25 - - - -32,632,700 $-19,803,198 $-19,803,198 -0.76 $-19,803,198
Pay NZD BANK BILL 3MO Receive Fixed 5.44%, 5.44%, 07/27/25 - - - 63,455,000 $38,507,753 $38,507,753 1.47 $38,507,753
Pay NZD BANK BILL 3MO Receive Fixed 5.44%, 5.44%, 07/27/25 - - - -63,455,000 $-38,507,753 $-38,507,753 -1.47 $-38,507,753
Pay NZD BANK BILL 3MO Receive Fixed 5.51%, 5.51%, 08/16/25 - - - 31,965,000 $19,398,003 $19,398,003 0.74 $19,398,003
Pay NZD BANK BILL 3MO Receive Fixed 5.51%, 5.51%, 08/16/25 - - - -31,965,000 $-19,398,003 $-19,398,003 -0.74 $-19,398,003
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $49,922,626 $49,922,626 1.91 $49,922,626
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-49,922,626 $-49,922,626 -1.91 $-49,922,626
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $45,738,386 $45,738,386 1.75 $45,738,386
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-45,738,386 $-45,738,386 -1.75 $-45,738,386
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $64,660,012 $64,660,012 2.47 $64,660,012
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-64,660,012 $-64,660,012 -2.47 $-64,660,012
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 15Oct25 65 PAYER CITI_US_SW @20.2C 65, 1.00%, 10/15/25 - XXCZ6E UCAXXCZ6E $65.00 520,000,000 $-520,000,000 $557,882 0.02 $557,882
PARENT CDS SWAPTION CDX-NAIGS44V1-5Y 15Oct25 75 PAYER CITI_US_SW @18.4C 75, 1.00%, 10/15/25 - UCAXXCZ6D $75.00 -260,000,000 $260,000,000 $-182,983 -0.01 $-182,983
FX Forward|NZD|07/11/2025 +NZD0 - - -6,264,000 $-3,801,861 $-3,801,861 -0.15 $-3,801,861
FX Forward|USD|07/11/2025 +NZD0 - - 3,485,195 $3,485,195 $3,485,195 0.13 $3,485,195
FX Forward|CAD|07/11/2025 +CAD0 - - -93,519,000 $-68,590,592 $-68,590,592 -2.62 $-68,590,592
FX Forward|USD|07/11/2025 +CAD0 - - 66,040,341 $66,040,341 $66,040,341 2.52 $66,040,341
FX Forward|EUR|07/11/2025 +EUR1 - - -12,720,000 $-14,972,607 $-14,972,607 -0.57 $-14,972,607
FX Forward|USD|07/11/2025 +EUR1 - - 14,004,833 $14,004,833 $14,004,833 0.53 $14,004,833
FX Forward|GBP|07/11/2025 +GBP0 - - -11,170,000 $-15,184,146 $-15,184,146 -0.58 $-15,184,146
FX Forward|USD|07/11/2025 +GBP0 - - 14,290,794 $14,290,794 $14,290,794 0.55 $14,290,794
FX Forward|AUD|07/11/2025 +AUD1 - - -673,000,000 $-441,760,478 $-441,760,478 -16.86 $-441,760,478
FX Forward|USD|07/11/2025 +AUD1 - - 402,289,115 $402,289,115 $402,289,115 15.36 $402,289,115
FX Forward|AUD|07/11/2025 +AUD2 - - 3,863,000 $2,535,692 $2,535,692 0.10 $2,535,692
FX Forward|USD|07/11/2025 +AUD2 - - -2,461,795 $-2,461,795 $-2,461,795 -0.09 $-2,461,795
FX Forward|AUD|07/11/2025 +AUD0 - - 7,370,000 $4,837,704 $4,837,704 0.18 $4,837,704
FX Forward|USD|07/11/2025 +AUD0 - - -4,728,302 $-4,728,302 $-4,728,302 -0.18 $-4,728,302
FX Forward|CAD|07/11/2025 +CAD0 - - 21,290,000 $15,614,941 $15,614,941 0.60 $15,614,941
FX Forward|USD|07/11/2025 +CAD0 - - -15,287,554 $-15,287,554 $-15,287,554 -0.58 $-15,287,554
FX Forward|AUD|07/11/2025 +AUD1 - - 3,920,000 $2,573,107 $2,573,107 0.10 $2,573,107
FX Forward|USD|07/11/2025 +AUD1 - - -2,526,815 $-2,526,815 $-2,526,815 -0.10 $-2,526,815
FX Forward|AUD|07/11/2025 +AUD1 - - 12,000,000 $7,876,858 $7,876,858 0.30 $7,876,858
FX Forward|USD|07/11/2025 +AUD1 - - -7,769,368 $-7,769,368 $-7,769,368 -0.30 $-7,769,368
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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