Please ensure Javascript is enabled for purposes of website accessibility Securitized Income ETF - Janus Henderson Investors - US Institutional
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For Institutional Investors in the US

Securitized Income ETF Holdings

Full Portfolio Holdings

(As of April 10, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
UMBS TBA 30yr 5.5% May Delivery, 5.50%, 05/13/25 FNCL 01F052656 - - 95,815,000 $94,487,196 $94,487,196 13.66 $94,487,196
UMBS TBA 30yr 6.5% May Delivery, 6.50%, 05/13/25 FNCL 01F062655 - - 58,163,000 $59,566,473 $59,566,473 8.62 $59,566,473
UMBS TBA 30yr 5% May Delivery, 5.00%, 05/13/25 FNCL 01F050650 - - 27,479,000 $26,513,086 $26,513,086 3.84 $26,513,086
UMBS TBA 30yr 3.5% May Delivery, 3.50%, 05/13/25 FNCL 01F032658 - - 29,730,000 $26,278,288 $26,278,288 3.81 $26,278,288
UMBS TBA 30yr 3% May Delivery, 3.00%, 05/13/25 FNCL 01F030652 - - 25,640,000 $21,763,258 $21,763,258 3.15 $21,763,258
UMBS TBA 30yr 6% May Delivery, 6.00%, 05/13/25 FNCL 01F060659 - - 17,605,000 $17,708,341 $17,708,341 2.57 $17,708,341
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.98763% 25-FEB-2045, 5.99%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 13,814,815 $13,646,869 $13,646,869 1.98 $13,607,794
Fannie Mae REMIC Trust 2025-12 FC 5.43969% 25-MAR-2055, 5.44%, 03/25/55 FNR 2025-12 3136BVFC7 - - 13,363,338 $13,364,537 $13,364,537 1.94 $13,332,229
RCKT Mortgage Trust 2025-CES1 A1A 5.653% 25-JAN-2045, 5.65%, 01/25/45 RCKT 2025-CES1 A1 749427AA8 - - 7,740,199 $7,741,246 $7,741,246 1.13 $7,692,629
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 7,304,000 $7,337,679 $7,337,679 1.07 $7,313,308
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 7.0% 25-APR-2029, 7.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 7,076,000 $7,061,154 $7,061,154 1.03 $7,006,119
BX Trust 2024-CNYN D 7.00927% 15-APR-2041, 7.01%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 6,762,264 $6,656,689 $6,656,689 0.97 $6,621,140
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,580,012 $6,304,804 $6,304,804 0.92 $6,275,560
Carvana Auto Receivables Trust 2025-P1 N 5.63%, 5.66%, 03/10/33 CRVNA 2025-P1 14689MAH3 - - 6,250,000 $6,272,591 $6,272,591 0.92 $6,249,008
Connecticut Avenue Securities, Series 2021-R03 1M2 5.98969% 25-DEC-2041, 5.99%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,216,879 $6,216,879 0.91 $6,199,287
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 6,139,000 $6,136,008 $6,136,008 0.89 $6,112,570
FS Commercial Mortgage Trust 2023-4SZN D 9.08008% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $6,021,479 $6,021,479 0.87 $5,963,467
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.48763% 25-FEB-2045, 5.49%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 5,982,024 $5,968,161 $5,968,161 0.86 $5,952,653
KRE Commercial Mortgage Trust 2025-AIP4 A 5.61918% 15-MAR-2042, 5.62%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 5,902,000 $5,778,716 $5,778,716 0.83 $5,756,604
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 5,650,000 $5,669,409 $5,669,409 0.82 $5,655,658
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 5,427,666 $5,513,656 $5,513,656 0.80 $5,250,478
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 5,232,308 $5,274,436 $5,274,436 0.76 $5,239,444
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.13969% 25-NOV-2041, 6.14%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,272,055 $5,272,055 0.76 $5,256,763
BX Commercial Mortgage Trust 2021-VOLT E 6.434% 15-SEP-2036, 6.43%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,333,000 $5,241,422 $5,241,422 0.76 $5,215,689
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,156,503 $5,156,503 0.74 $5,139,402
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 5,114,947 $5,147,185 $5,147,185 0.74 $5,130,367
Fannie Mae REMIC Trust 2025-9 FA 5.53969% 25-MAR-2055, 5.54%, 03/25/55 FNR 2025-9 3136BVDC9 - - 5,068,360 $5,081,591 $5,081,591 0.73 $5,069,113
Atlas Warehouse Lending Co. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 4,854,000 $4,867,751 $4,867,751 0.70 $4,765,783
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 4,684,764 $4,828,735 $4,828,735 0.70 $4,793,766
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,757,114 $4,757,114 0.69 $4,732,902
BX Commercial Mortgage Trust 2024-MF D 7.009% 15-FEB-2039, 7.01%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,622,023 $4,622,023 0.67 $4,597,121
OnDeck Asset Securitization IV, Series 2025-1 B 5.52% 17-APR-2032, 5.52%, 04/19/32 ONDK 2025-1A 68237DAB9 - - 4,500,000 $4,483,519 $4,483,519 0.65 $4,469,029
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 4,393,450 $4,439,674 $4,439,674 0.64 $4,415,045
Great Wolf Trust 2024-WOLF D 7.20918% 15-MAR-2039, 7.21%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 4,425,000 $4,320,648 $4,320,648 0.62 $4,296,723
Hotwire Funding, Series 2021-1 C_2021_1 4.459% 20-NOV-2051, 4.46%, 11/20/51 HWIRE 2021-1 44148JAC3 - - 4,500,000 $4,297,809 $4,297,809 0.62 $4,286,104
Sotheby's ArtFi Master Trust, Series 2024-1 C 6.83% 20-DEC-2031, 6.83%, 12/22/31 ARTFI 2024-1A 83589CAD0 - - 4,250,000 $4,277,284 $4,277,284 0.62 $4,260,352
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.43969% 25-SEP-2041, 6.44%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 4,100,848 $4,109,537 $4,109,537 0.59 $4,097,067
BX Commercial Mortgage Trust 2021-SOAR D 5.834% 15-JUN-2038, 5.83%, 06/15/38 BX 2021-SOAR 05608WAL8 - - 4,164,505 $4,065,208 $4,065,208 0.59 $4,046,984
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 3,854,749 $3,958,880 $3,958,880 0.57 $3,930,564
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 3,985,000 $3,867,055 $3,867,055 0.56 $3,832,905
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,873,085 $3,854,703 $3,854,703 0.56 $3,830,246
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,683,147 $3,802,024 $3,802,024 0.55 $3,773,103
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,768,686 $3,768,686 0.54 $3,759,060
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A1 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAA9 - - 3,721,485 $3,754,913 $3,754,913 0.54 $3,723,901
FREMF 2023-K511 Mortgage Trust C 5.822429% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,692,797 $3,692,797 0.53 $3,667,754
BMP Commercial Mortgage Trust 2024-MF23 D 6.70967% 15-JUN-2041, 6.71%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,629,390 $3,629,390 0.52 $3,610,519
DBGS 2018-BIOD Mortgage Trust E 6.31501% 15-MAY-2035, 6.32%, 05/15/35 DBGS 2018-BIOD 23306GAJ6 - - 3,525,000 $3,503,896 $3,503,896 0.51 $3,487,219
UMBS TBA 30yr 4.5% May Delivery, 4.50%, 05/13/25 FNCL 01F042657 - - 3,680,000 $3,457,643 $3,457,643 0.50 $3,457,643
Affirm Asset Securitization Trust 2024-A C_2 6.16% 15-FEB-2029, 6.16%, 02/15/29 AFFRM 2024-A 00834BAH0 - - 3,392,000 $3,432,627 $3,432,627 0.50 $3,417,536
Connecticut Avenue Securities, Series 2021-R01 1B1 7.43969% 25-OCT-2041, 7.44%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,372,000 $3,421,388 $3,421,388 0.49 $3,409,541
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,409,937 $3,409,937 0.49 $3,397,021
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 3,401,643 $3,399,426 $3,399,426 0.49 $3,378,677
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.60235% 20-MAR-2033, 0.00%, 03/21/33 HACLN 2025-1 446438SZ7 - - 3,355,000 $3,354,974 $3,354,974 0.48 $3,354,974
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 3,327,818 $3,297,501 $3,297,501 0.48 $3,276,783
Angel Oak Mortgage Trust 2024-6 A1 4.65% 25-NOV-2067, 4.65%, 11/25/67 AOMT 2024-6 034944AA6 - - 3,408,795 $3,286,078 $3,286,078 0.47 $3,281,675
SCG Commercial Mortgage Trust 2025-DLFN E 7.26918% 15-MAR-2027, 7.26%, 03/15/35 SCG 2025 78398EAJ4 - - 3,350,000 $3,269,293 $3,269,293 0.47 $3,254,431
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 3,208,861 $3,241,817 $3,241,817 0.47 $3,232,933
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $3,218,585 $3,218,585 0.46 $3,205,658
Galaxy Senior Participation Interest Trust 1|7.819298735|07/31/2026, 7.82%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,192,040 $3,216,731 $3,216,731 0.46 $3,209,105
Homeward Opportunities Fund Trust 2024-RRTL2 A1 5.989% 25-SEP-2039, 5.99%, 09/25/39 HOF 2024-RRTL2 43789GAA9 - - 3,175,000 $3,189,350 $3,189,350 0.46 $3,180,899
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 3,202,925 $3,185,625 $3,185,625 0.46 $3,167,268
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,145,348 $3,145,348 0.45 $3,136,873
Wells Fargo Commercial Mortgage Trust 2024-MGP C11 7.40833% 15-AUG-2041, 7.41%, 08/15/41 WFCM 2024-MGP 95003TAE3 - - 3,100,000 $3,110,144 $3,110,144 0.45 $3,092,919
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.78969% 25-OCT-2044, 5.79%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 3,122,429 $3,103,357 $3,103,357 0.45 $3,094,821
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,093,503 $3,093,503 0.45 $3,083,788
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,076,424 $3,076,424 0.44 $3,067,102
BX Trust 2021-ARIA F 7.0275% 15-OCT-2036, 7.03%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,058,249 $3,058,249 0.44 $3,041,974
SoFi Consumer Loan Program 2025-1 Trust D 5.72% 25-FEB-2034, 5.72%, 02/27/34 SCLP 2025-1 83406YAD3 - - 3,000,000 $3,054,796 $3,054,796 0.44 $3,034,299
BX Trust 2024-VLT4 E 7.208584% 15-JUN-2041, 7.21%, 07/15/29 BX 2024-VLT4 05612TAJ4 - - 3,130,000 $3,014,149 $3,014,149 0.44 $2,997,227
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M2 6.33969% 25-MAR-2044, 6.34%, 03/25/44 STACR 2024-HQA1 M2 35564NCA9 - - 3,000,000 $2,998,666 $2,998,666 0.43 $2,989,684
Connecticut Avenue Securities Trust 2024-R05 2M2 6.03969% 25-JUL-2044, 6.04%, 07/25/44 CAS 2024-R05 20754XAC7 - - 3,000,000 $2,976,881 $2,976,881 0.43 $2,968,325
Extended Stay America Trust 2021-ESH F 8.134% 15-JUL-2038, 8.13%, 07/15/38 ESA 2021-ESH 30227FAN0 - - 2,988,219 $2,965,714 $2,965,714 0.43 $2,947,486
FHF Issuer Trust 2025-1 (First Help Financial Trust) C 5.69% 15-AUG-2031, 5.69%, 08/15/31 FHF 2025-1A 30340RAE6 - - 2,854,000 $2,865,366 $2,865,366 0.41 $2,853,186
BXP Trust 2017-GM E 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,864,699 $2,864,699 0.41 $2,852,978
Saluda Grade Alternative Mortgage Trust 2024-RTL6 A1 7.439% 25-JUL-2030, 7.44%, 07/25/30 GRADE 2024-RTL6 79585UAA8 - - 2,818,750 $2,851,579 $2,851,579 0.41 $2,828,281
SREIT Trust 2021-FLWR F 7.106549% 22-JUL-2036, 7.11%, 07/15/36 SREIT 2021-FLWR 78485GAQ7 - - 2,937,600 $2,821,358 $2,821,358 0.41 $2,805,702
Toorak Mortgage Trust 2025-RRTL1 A1 5.524% 25-FEB-2040, 5.52%, 02/25/40 TRK 2025-RRTL1 89053JAB3 - - 2,800,000 $2,811,422 $2,811,422 0.41 $2,804,548
Finance Of America Structured Securities Trust Series 2024-S3|3.5|04/25/2074, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,927,728 $2,787,488 $2,787,488 0.40 $2,782,934
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.382032% 15-MAR-2038, 6.38%, 03/15/38 WFCM 2025-VTT 94990GAG4 - - 2,776,000 $2,769,315 $2,769,315 0.40 $2,749,630
BX Trust 2025-ROIC E 7.26047% 15-FEB-2042, 7.26%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,782,000 $2,768,777 $2,768,777 0.40 $2,753,628
Finance Of America Structured Securities Trust Series 2025-S1|3.5|02/25/2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,890,605 $2,738,925 $2,738,925 0.40 $2,734,428
RCKT Mortgage Trust 2024-CES5 A1B 6.047% 25-JUL-2044, 6.05%, 08/25/44 RCKT 74938KAB3 - - 2,711,171 $2,736,231 $2,736,231 0.40 $2,718,015
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,720,890 $2,720,890 0.39 $2,708,411
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,711,324 $2,711,324 0.39 $2,696,036
New Residential Mortgage Loan Trust 2024-RTL1 A2 7.101% 25-MAR-2039, 7.10%, 03/25/39 NRMLT 2024-RTL1 64831PAB1 - - 2,677,000 $2,711,281 $2,711,281 0.39 $2,702,832
CAMB Commercial Mortgage Trust 2019-LIFE D 6.367% 15-DEC-2037, 6.37%, 12/15/37 CAMB 2019-LIFE 12482HAL8 - - 2,663,782 $2,664,761 $2,664,761 0.38 $2,652,041
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,618,159 $2,618,159 0.38 $2,604,473
BX Trust 2024-BIO C 6.95918% 15-FEB-2041, 6.96%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 2,650,000 $2,595,878 $2,595,878 0.38 $2,582,047
MHC Commercial Mortgage Trust 2021-MHC F 7.035442% 15-APR-2038, 7.03%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,594,619 $2,594,619 0.37 $2,580,586
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,500,000 $2,532,080 $2,532,080 0.37 $2,520,218
Fora Financial Asset Securitization, Series 2024-1 A 6.33% 15-MAY-2027, 6.33%, 08/15/29 FORA 2024-1A 34512PAA2 - - 2,500,000 $2,527,335 $2,527,335 0.37 $2,515,906
Wells Fargo Commercial Mortgage Trust 2024-1CHI C 6.433771% 15-JUL-2035, 5.81%, 07/15/35 WFCM 2024-1CHI 95003PAE1 - - 2,500,000 $2,515,121 $2,515,121 0.36 $2,498,979
Zais CLO 11 BR 6.08317% 20-JAN-2032, 6.08%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,514,162 $2,514,162 0.36 $2,480,366
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,513,643 $2,513,643 0.36 $2,504,441
Sandstone Peak III C 6.95007% 25-APR-2037, 6.95%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,513,227 $2,513,227 0.36 $2,477,511
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.44%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,510,225 $2,510,225 0.36 $2,492,328
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.43969% 25-JAN-2042, 11.44%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,508,078 $2,508,078 0.36 $2,495,383
BX Commercial Mortgage Trust 2024-GPA3 C 6.21098% 15-DEC-2039, 6.21%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,529,952 $2,501,168 $2,501,168 0.36 $2,489,383
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,767,500 $2,491,449 $2,491,449 0.36 $2,461,777
MTN Commercial Mortgage Trust 2022-LPFL B 6.2156% 15-MAR-2039, 6.22%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,485,234 $2,485,234 0.36 $2,473,579
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,483,238 $2,480,172 $2,480,172 0.36 $2,463,957
COLT 2025-INV2 Mortgage Loan Trust A2 5.803% 25-FEB-2070, 5.80%, 02/25/70 COLT 2025-INV2 12673UAB0 - - 2,453,930 $2,461,696 $2,461,696 0.36 $2,445,874
BX Commercial Mortgage Trust 2024-AIRC D 7.40823% 15-AUG-2041, 7.41%, 08/15/39 BX 2024-AIRC 12433CAG0 - - 2,500,000 $2,449,092 $2,449,092 0.35 $2,435,201
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,610,000 $2,448,538 $2,448,538 0.35 $2,444,297
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,405,313 $2,405,313 0.35 $2,401,907
Citigroup Commercial Mortgage Trust 2021-PRM2 G 8.934% 15-JUN-2036, 8.93%, 10/15/38 CGCMT 2021-PRM2 17291HAS3 - - 2,400,000 $2,368,938 $2,368,938 0.34 $2,352,856
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,358,066 $2,358,066 0.34 $2,346,630
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.94436% 20-OCT-2032, 6.94%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 2,329,324 $2,346,738 $2,346,738 0.34 $2,336,853
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,335,726 $2,335,726 0.34 $2,328,519
Brean Asset Backed Securities Trust 2024-RM8 A2 4.5% 25-MAY-2064, 4.50%, 05/25/64 BABS 2024-RM8 10637YAB1 - - 2,560,000 $2,334,033 $2,334,033 0.34 $2,328,913
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.33969% 25-DEC-2041, 11.34%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 2,150,000 $2,307,982 $2,307,982 0.33 $2,296,469
Vontive Mortgage Trust 2025-RTL1|6.507|03/25/2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 2,283,000 $2,291,931 $2,291,931 0.33 $2,286,154
PRPM 2025-RPL3 LLC|3.25|04/25/2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,400,000 $2,276,033 $2,276,033 0.33 $2,266,066
Connecticut Avenue Securities, Series 2021-R03 1B1 7.08969% 25-DEC-2041, 7.09%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,273,030 $2,273,030 0.33 $2,265,497
SREIT Commercial Mortgage Trust 2021-MFP2 F 7.0522% 15-NOV-2036, 7.05%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,261,865 $2,261,865 0.33 $2,249,521
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 2,250,000 $2,216,085 $2,216,085 0.32 $2,210,086
Finance Of America Structured Securities Trust Series 2024-S2|3.5|04/25/2074, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,289,449 $2,196,963 $2,196,963 0.32 $2,193,401
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 2,127,767 $2,191,822 $2,191,822 0.32 $2,184,956
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,181,271 $2,181,271 0.32 $2,172,481
Angel Oak Mortgage Trust 2024-5 A3 4.95% 25-JUL-2068, 4.95%, 07/25/68 AOMT 2024-5 03465YAC1 - - 2,265,201 $2,158,590 $2,158,590 0.31 $2,146,131
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 2,045,050 $2,079,510 $2,079,510 0.30 $2,064,506
OPEN Trust 2023-AIR B 8.157177% 15-NOV-2040, 8.16%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 2,080,000 $2,078,495 $2,078,495 0.30 $2,065,770
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.49436% 20-MAY-2032, 7.49%, 05/20/32 HACLN 2024-1 44644NAC3 - - 2,025,728 $2,054,977 $2,054,977 0.30 $2,045,700
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,040,353 $2,040,353 0.29 $2,030,127
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.68969% 25-SEP-2041, 7.69%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,036,569 $2,036,569 0.29 $2,029,295
LIFE 2022-BMR2 Mortgage Trust C 6.4123% 15-MAY-2039, 6.41%, 05/15/39 LIFE 2022-BMR2 53218DAG3 - - 2,250,000 $2,032,248 $2,032,248 0.29 $2,021,428
Mission Lane Credit Card Master Trust Series 2023-A 2302_C 9.67% 15-NOV-2028, 9.67%, 11/15/28 MLANE 2023-B 60510MAV0 - - 2,000,000 $2,025,577 $2,025,577 0.29 $2,011,609
Gracie Point International Funding, Series 2023-1 D 8.92441% 01-SEP-2026, 8.92%, 09/01/26 GPIF 2023-1A 383931AD4 - - 2,000,000 $2,021,093 $2,021,093 0.29 $2,001,757
LIFE 2022-BMR2 Mortgage Trust D 6.86109% 15-MAY-2039, 6.86%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $2,018,911 $2,018,911 0.29 $2,007,513
BX Commercial Mortgage Trust 2021-VINO E 6.38633% 15-MAY-2038, 6.39%, 05/15/38 BX 2021-VINO 05608KAJ9 - - 2,067,100 $2,015,371 $2,015,371 0.29 $2,005,471
BX Trust 2021-BXMF G 7.783513% 15-OCT-2038, 7.78%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 2,040,266 $1,998,461 $1,998,461 0.29 $1,986,552
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $1,998,220 $1,998,220 0.29 $1,994,626
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $1,997,263 $1,997,263 0.29 $1,988,610
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.955534% 27-SEP-2052, 0.98%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $1,989,435 $1,989,435 0.29 $1,986,816
CONE Trust 2024-DFW1 A 5.96091% 15-AUG-2041, 5.96%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,000,000 $1,974,591 $1,974,591 0.29 $1,965,650
BX Commercial Mortgage Trust 2024-AIR2 C 6.56024% 15-OCT-2041, 6.56%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 2,000,000 $1,968,683 $1,968,683 0.28 $1,958,841
GWT Commercial Mortgage Trust 2024-WLF2 E 7.95761% 15-MAY-2041, 7.96%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 2,000,000 $1,966,177 $1,966,177 0.28 $1,954,240
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,980,000 $1,965,071 $1,965,071 0.28 $1,951,417
CSMC 2021-BHAR C 6.434% 15-NOV-2038, 6.43%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 2,000,000 $1,962,063 $1,962,063 0.28 $1,952,411
BX Commercial Mortgage Trust 2024-WPT D 7.00888% 15-APR-2041, 7.00%, 03/15/34 BX 2024-WPT 05612JAG2 - - 2,000,000 $1,961,084 $1,961,084 0.28 $1,950,582
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,929,764 $1,950,817 $1,950,817 0.28 $1,940,872
ACHV ABS Trust 2023-4CP D 8.6% 25-NOV-2030, 8.60%, 11/25/30 ACHV 2023-4CP 00092CAD4 - - 1,894,000 $1,928,541 $1,928,541 0.28 $1,921,302
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,895,034 $1,920,102 $1,920,102 0.28 $1,908,595
FIGRE Trust 2023-HE3 A 6.436% 25-NOV-2053, 6.44%, 11/25/53 FIGRE 2023-HE3 31684CAA9 - - 1,875,710 $1,911,534 $1,911,534 0.28 $1,906,168
Hudson's Bay Simon JV Trust 2015-HBS A10 4.1545% 05-AUG-2034, 4.15%, 08/05/34 HBCT 2015-HB10 44422PBN1 - - 1,960,000 $1,902,247 $1,902,247 0.27 $1,899,985
SMRT Commercial Mortgage Trust 2022-MINI F 7.66918% 15-JAN-2039, 7.67%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $1,895,479 $1,895,479 0.27 $1,883,831
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,892,957 $1,895,125 $1,895,125 0.27 $1,883,260
FHF Issuer Trust 2024-2 (First Help Financial) D 7.15% 15-SEP-2031, 7.15%, 09/15/31 FHF 2024-2A 30336NAJ0 - - 1,800,000 $1,879,747 $1,879,747 0.27 $1,870,452
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,875,411 $1,875,411 0.27 $1,868,015
BXHPP Trust 2021-FILM C 5.534% 15-AUG-2036, 5.53%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,805,982 $1,805,982 0.26 $1,797,889
COLT 2025-INV2 Mortgage Loan Trust A3 5.954% 25-FEB-2070, 5.95%, 02/25/70 COLT 2025-INV2 12673UAC8 - - 1,799,789 $1,801,851 $1,801,851 0.26 $1,789,945
Connecticut Avenue Securities Trust 2023-R08 1B1 7.88969% 25-OCT-2043, 7.89%, 10/25/43 CAS 2023-R08 20755CAF5 - - 1,730,000 $1,796,722 $1,796,722 0.26 $1,790,276
BX Commercial Mortgage Trust 2024-XL5 D 7.00898% 15-MAR-2041, 7.01%, 03/15/41 BX 2024-XL5 05612GAG8 - - 1,815,877 $1,779,138 $1,779,138 0.26 $1,769,592
Wells Fargo Commercial Mortgage Trust 2025-VTT E 7.13745% 15-MAR-2038, 7.14%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - - 1,735,000 $1,743,159 $1,743,159 0.25 $1,729,399
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,714,748 $1,735,751 $1,735,751 0.25 $1,727,176
Vertical Bridge CC Secured Tower Revenue Notes, Series 2020-2 B_2020_2 3.229% 15-SEP-2050, 3.23%, 09/15/50 VBTOW 2020-2A 92535VAG7 - - 1,750,000 $1,732,166 $1,732,166 0.25 $1,728,085
Gracie Point International Funding, Series 2024-1 B 6.52441% 01-MAR-2028, 6.52%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,727,808 $1,727,808 0.25 $1,715,627
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 1,690,876 $1,705,276 $1,705,276 0.25 $1,698,902
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,744,581 $1,702,988 $1,702,988 0.25 $1,699,111
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,673,929 $1,668,709 $1,668,709 0.24 $1,660,635
Saluda Grade Alternative Mortgage Trust 2024-RTL5 A1 7.762% 25-APR-2030, 7.76%, 04/25/30 GRADE 2024-RTL5 A1 795935AA3 - - 1,640,000 $1,666,057 $1,666,057 0.24 $1,651,913
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,658,115 $1,658,115 0.24 $1,651,095
Starwood Property Trust, Inc. 6.5% 15-OCT-2030, 6.50%, 10/15/30 STWD 85571BBE4 - - 1,687,000 $1,632,580 $1,632,580 0.24 $1,631,666
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,590,233 $1,614,265 $1,614,265 0.23 $1,605,035
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.68969% 25-DEC-2041, 6.69%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,611,751 $1,611,751 0.23 $1,606,697
Verus Securitization Trust 2024-7 A1 5.095% 25-SEP-2069, 5.09%, 09/25/69 VERUS 2024-7 924925AA8 - - 1,610,829 $1,607,535 $1,607,535 0.23 $1,598,416
UMBS TBA 30yr 4% May Delivery, 4.00%, 05/13/25 FNCL 01F040651 - - 1,738,000 $1,587,404 $1,587,404 0.23 $1,587,404
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 A1_2020_1 1.69% 15-JUL-2060, 1.69%, 07/15/60 SORT 2020-1 12530MAA3 - - 1,596,717 $1,580,039 $1,580,039 0.23 $1,578,090
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,572,257 $1,572,257 0.23 $1,564,218
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $1,556,977 $1,556,977 0.22 $1,547,649
ExteNet Issuer, Series 2024-1 C_241 9.05% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,551,709 $1,551,709 0.22 $1,545,676
Arivo Acceptance Auto Loan Receivables Trust 2024-1 B 6.87% 15-JUN-2030, 6.87%, 06/17/30 ARIVO 2024-1A 039943AB1 - - 1,500,000 $1,546,158 $1,546,158 0.22 $1,538,715
VB-S1 Issuer Secured Tower Revenue Notes, Series 2024-1 (Vertical Bridge) D_2024_1 6.644% 15-MAY-2054, 6.64%, 05/15/54 VBTEL 2024-1A 91823ABE0 - - 1,500,000 $1,542,316 $1,542,316 0.22 $1,535,118
Brex Commercial Charge Card Master Trust Series 2024-1 A2 6.68% 15-JUL-2027, 6.68%, 07/15/27 BREX 2024-1 05601DAF0 - - 1,500,000 $1,526,285 $1,526,285 0.22 $1,519,048
United Auto Credit Securitization Trust 2024-1 C 7.06% 10-OCT-2029, 7.06%, 10/10/29 UACST 2024-1 90945DAC4 - - 1,500,000 $1,526,195 $1,526,195 0.22 $1,517,076
Connecticut Avenue Securities Trust 2024-R05 2M1 5.33969% 25-JUL-2044, 5.34%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,519,818 $1,519,092 $1,519,092 0.22 $1,515,260
DC Trust 2024-HLTN C 7.286102% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,515,051 $1,515,051 0.22 $1,503,325
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.34436% 20-OCT-2032, 8.34%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,481,549 $1,497,672 $1,497,672 0.22 $1,490,117
OnDeck Asset Securitization IV, Series 2025-1 C 6.64% 17-APR-2032, 6.64%, 04/19/32 ONDK 2025-1A 68237DAC7 - - 1,500,000 $1,496,375 $1,496,375 0.22 $1,490,565
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,489,170 $1,489,170 0.22 $1,481,316
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,406,067 $1,488,286 $1,488,286 0.21 $1,480,030
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,496,250 $1,484,386 $1,484,386 0.21 $1,471,051
JW Commercial Mortgage Trust 2024-MRCO C 6.70923% 15-JUN-2039, 6.71%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,478,654 $1,478,654 0.21 $1,471,106
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 1,448,074 $1,477,361 $1,477,361 0.21 $1,469,525
Saluda Grade Alternative Mortgage Trust 2024-RTL6 A2 8.683% 25-JUL-2030, 8.68%, 07/25/30 GRADE 2024-RTL6 79585UAB6 - - 1,450,000 $1,464,724 $1,464,724 0.21 $1,450,734
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,453,678 $1,456,019 $1,456,019 0.21 $1,447,061
BX Trust 2021-ARIA E 6.6785% 15-OCT-2036, 6.68%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,455,360 $1,455,360 0.21 $1,447,847
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.85235% 20-MAR-2033, 0.00%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,450,000 $1,449,984 $1,449,984 0.21 $1,449,984
LIFE 2021-BMR Mortgage Trust F 6.784% 15-MAR-2038, 6.78%, 03/15/38 LIFE 2021-BMR 53218CAL4 - - 1,484,000 $1,441,915 $1,441,915 0.21 $1,434,365
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,413,669 $1,413,669 0.20 $1,408,460
DBGS 2018-BIOD Mortgage Trust F 6.61501% 15-MAY-2035, 6.62%, 05/15/35 DBGS 2018-BIOD 23306GAL1 - - 1,417,500 $1,405,752 $1,405,752 0.20 $1,398,720
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,375,338 $1,375,338 0.20 $1,372,189
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 1,345,535 $1,359,936 $1,359,936 0.20 $1,353,455
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 B1_2020_1 2.28% 15-JUL-2060, 2.28%, 07/15/60 SORT 2020-1 12530MAC9 - - 1,371,664 $1,353,320 $1,353,320 0.20 $1,351,062
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,352,099 $1,352,099 0.20 $1,352,099
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.38969% 25-DEC-2031, 6.39%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 1,327,179 $1,342,944 $1,342,944 0.19 $1,338,940
Herbalife Ltd. 4.25% 15-JUN-2028, 4.25%, 06/15/28 HLF 42703MAF0 - - 1,702,000 $1,331,806 $1,331,806 0.19 $1,308,498
Mission Lane Credit Card Master Trust Series 2023-A 2302_A 7.69% 15-NOV-2028, 7.69%, 11/15/28 MLANE 2023-B 60510MAT5 - - 1,278,000 $1,295,840 $1,295,840 0.19 $1,288,742
BX Trust 2021-MFM1 E 6.684% 15-JAN-2034, 6.68%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 1,283,520 $1,258,013 $1,258,013 0.18 $1,251,579
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,256,469 $1,256,469 0.18 $1,256,465
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,242,516 $1,242,516 0.18 $1,213,634
BX Trust 2024-CNYN C 6.26034% 15-APR-2041, 6.26%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,267,924 $1,240,035 $1,240,035 0.18 $1,234,081
COMM 2024-WCL1 Mortgage Trust C 7.209% 17-JUN-2041, 7.21%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,234,674 $1,234,674 0.18 $1,227,916
COMM 2024-WCL1 Mortgage Trust D 7.609% 17-JUN-2041, 7.61%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 1,250,000 $1,234,359 $1,234,359 0.18 $1,227,227
FHF Issuer Trust 2024-2 (First Help Financial) C 6.43% 15-JUL-2030, 6.43%, 07/15/30 FHF 2024-2A 30336NAG6 - - 1,202,000 $1,231,442 $1,231,442 0.18 $1,225,860
FHF Trust 2024-1 (First Help Financial) B 6.26% 15-MAR-2030, 6.26%, 03/15/30 FHF 2024-1A 31568AAC0 - - 1,200,000 $1,224,423 $1,224,423 0.18 $1,218,998
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 1,189,422 $1,220,395 $1,220,395 0.18 $1,216,827
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.58969% 25-SEP-2041, 10.59%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 1,170,000 $1,215,203 $1,215,203 0.18 $1,209,352
VB-S1 Issuer Secured Tower Revenue Notes, Series 2024-1 (Vertical Bridge) F_2024_1 8.871% 15-MAY-2054, 8.87%, 05/15/54 VBTEL 2024-1A 91823ABG5 - - 1,150,000 $1,204,396 $1,204,396 0.17 $1,197,028
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 1,120,000 $1,199,681 $1,199,681 0.17 $1,192,320
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,193,936 $1,193,936 0.17 $1,189,289
SREIT Trust 2021-FLWR D 5.809042% 22-JUL-2036, 5.80%, 07/15/36 SREIT 78485GAL8 - - 1,200,000 $1,182,332 $1,182,332 0.17 $1,177,111
DROP Mortgage Trust 2021-FILE A 5.584% 15-OCT-2043, 5.58%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 1,250,000 $1,177,029 $1,177,029 0.17 $1,171,795
MTN Commercial Mortgage Trust 2022-LPFL D 7.2628% 15-MAR-2039, 7.26%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,163,877 $1,163,877 0.17 $1,157,477
Connecticut Avenue Securities, Series 2021-R02 2B1 7.63969% 25-NOV-2041, 7.64%, 11/25/41 CAS 2021-R02 20754KAF8 - - 1,141,001 $1,159,380 $1,159,380 0.17 $1,155,264
FHF Trust 2024-1 (First Help Financial) C 7.42% 15-MAY-2031, 7.42%, 05/15/31 FHF 2024-1A 31568AAD8 - - 1,000,000 $1,051,527 $1,051,527 0.15 $1,046,169
Connecticut Avenue Securities Trust 2025-R01 1M2 5.83969% 25-JAN-2045, 5.84%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,045,806 $1,045,806 0.15 $1,042,902
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,036,398 $1,036,398 0.15 $1,030,620
CPC Asset Securitization (Channel Partners Capital) III, Series 2024-1 D 13.45% 15-AUG-2030, 13.45%, 08/15/30 CPCAS 2024-1A 126203AD0 - - 1,000,000 $1,034,714 $1,034,714 0.15 $1,025,000
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,032,399 $1,032,399 0.15 $1,027,633
United Auto Credit Securitization Trust 2024-1 D 8.3% 10-NOV-2029, 8.30%, 11/12/29 UACST 2024-1 90945DAD2 - - 1,000,000 $1,032,028 $1,032,028 0.15 $1,024,880
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,031,767 $1,031,767 0.15 $1,025,773
PRPM 2021-11 A1 5.487% 25-NOV-2026, 5.49%, 11/25/26 PRPM 2021-11 69362QAA7 - - 1,024,111 $1,031,274 $1,031,274 0.15 $1,028,777
LIFE 2021-BMR Mortgage Trust E 6.184% 15-MAR-2038, 6.18%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,028,739 $1,028,739 0.15 $1,023,870
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.98969% 25-NOV-2041, 7.99%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,024,814 $1,024,814 0.15 $1,021,042
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,024,571 $1,024,571 0.15 $1,018,194
Compass Datacenters Issuer II, Series 2024-1 A2_2401 5.75% 25-FEB-2049, 5.75%, 02/25/49 CMPDC 2024-1A 20469AAB5 - - 1,000,000 $1,006,189 $1,006,189 0.15 $1,003,633
PRET 2025-RPL2 Trust|4|08/25/2064, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 1,039,000 $995,585 $995,585 0.14 $990,967
MHC Commercial Mortgage Trust 2021-MHC G 7.635442% 15-APR-2038, 7.63%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $992,858 $992,858 0.14 $987,018
BX Commercial Mortgage Trust 2024-AIR2 D 7.10945% 15-OCT-2041, 7.11%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 1,000,000 $978,627 $978,627 0.14 $973,294
FIGRE Trust 2025-HE2|5.775|03/25/2055, 5.78%, 03/25/55 FIGRE 2025-HE2 31684KAA1 - - 971,000 $977,515 $977,515 0.14 $971,284
BX Trust 2024-VLT4 D 6.759232% 15-JUN-2041, 6.76%, 07/15/29 BX 2024-VLT4 05612TAG0 - - 1,000,000 $974,601 $974,601 0.14 $969,532
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.93969% 25-DEC-2031, 7.94%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 938,599 $958,018 $958,018 0.14 $954,499
Towd Point Mortgage Trust 2024-CES2 A1B 6.35% 25-FEB-2064, 6.35%, 02/25/64 TPMT 2024-CES2 89182JAB7 - - 942,474 $953,085 $953,085 0.14 $946,435
Connecticut Avenue Securities, Series 2021-R02 2M2 6.33969% 25-NOV-2041, 6.34%, 11/25/41 CAS 2021-R02 20754KAB7 - - 941,210 $944,322 $944,322 0.14 $941,504
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 900,000 $927,217 $927,217 0.13 $921,399
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 900,000 $915,669 $915,669 0.13 $907,718
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 878,788 $914,849 $914,849 0.13 $909,641
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 900,000 $910,747 $910,747 0.13 $904,974
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $908,931 $908,931 0.13 $903,783
Finance Of America Structured Securities Trust Series 2024-S1|3.5|02/25/2074, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 935,212 $900,253 $900,253 0.13 $898,798
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 878,788 $893,021 $893,021 0.13 $889,545
LHOME Mortgage Trust 2022-RTL3 A1 8.15% 25-NOV-2027, 8.15%, 11/25/27 LHOME 2022-RTL3 50204UAA0 - - 885,753 $889,515 $889,515 0.13 $886,306
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 893,942 $886,694 $886,694 0.13 $884,588
MKT 2020-525M Mortgage Trust F 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $869,633 $869,633 0.13 $864,598
BX Trust 2024-BRBK B 8.24578% 15-OCT-2041, 8.24%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 850,000 $855,184 $855,184 0.12 $849,929
BX Trust 2024-BRBK A 7.19882% 15-OCT-2041, 7.20%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 850,000 $854,550 $854,550 0.12 $849,963
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 6.13969% 25-JUN-2047, 6.14%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 852,799 $851,405 $851,405 0.12 $849,364
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 834,639 $843,888 $843,888 0.12 $838,023
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.78648% 25-OCT-2057, 8.78%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 788,962 $830,636 $830,636 0.12 $827,364
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 809,055 $828,101 $828,101 0.12 $819,776
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 809,055 $826,431 $826,431 0.12 $820,085
Angel Oak Mortgage Trust 2025-2 A3 5.941% 25-FEB-2070, 5.94%, 02/25/70 AOMT 2025-2 03466QAC7 - - 816,008 $810,844 $810,844 0.12 $805,457
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 791,204 $798,747 $798,747 0.12 $795,318
Connecticut Avenue Securities Trust 2024-R03 2M2 6.28969% 25-MAR-2044, 6.29%, 03/25/44 CAS 2024-R03 207941AB1 - - 788,000 $787,320 $787,320 0.11 $784,981
Hudson's Bay Simon JV Trust 2015-HBS C10 5.628567% 05-AUG-2034, 5.63%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $786,114 $786,114 0.11 $784,771
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.59436% 20-MAY-2032, 9.59%, 05/20/32 HACLN 2024-1 44644NAD1 - - 759,648 $780,445 $780,445 0.11 $775,991
AMC Networks Inc. 10.25% 15-JAN-2029, 10.25%, 01/15/29 AMCX 00164VAG8 - - 755,000 $775,956 $775,956 0.11 $757,469
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $762,797 $762,797 0.11 $759,027
Towd Point Mortgage Trust 2024-CES1 A1B 6.049% 25-JAN-2064, 6.05%, 01/25/64 TPMT 2024-CES1 89183CAB1 - - 756,061 $762,431 $762,431 0.11 $757,349
CENT Trust 2023-CITY B 7.46918% 15-SEP-2038, 7.47%, 09/15/38 CENT 2023-CITY 12516WAC5 - - 750,000 $752,799 $752,799 0.11 $748,598
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $747,969 $747,969 0.11 $743,695
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 777,938 $746,677 $746,677 0.11 $743,532
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $716,571 $716,571 0.10 $712,451
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 697,769 $712,848 $712,848 0.10 $707,863
Connecticut Avenue Securities, Series 2021-R01 1M2 5.88969% 25-OCT-2041, 5.89%, 10/25/41 CAS 2021-R01 20754RAB2 - - 710,864 $711,953 $711,953 0.10 $709,976
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $709,538 $709,538 0.10 $706,054
Cyrusone Data Centers Issuer I, Series 2024-1 A2_2401 4.76% 20-MAR-2049, 4.76%, 03/22/49 CYRUS 2024-1A 23284BAF1 - - 735,000 $705,994 $705,994 0.10 $703,954
Great Wolf Trust 2024-WOLF C 6.71018% 15-MAR-2039, 6.71%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 700,000 $687,899 $687,899 0.10 $684,376
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 664,561 $663,010 $663,010 0.10 $660,110
Saluda Grade Alternative Mortgage Trust 2023-FIG3 C 8.948% 25-AUG-2053, 8.95%, 08/25/53 GRADE 79582AAC1 - - 623,925 $645,449 $645,449 0.09 $639,246
Gracie Point International Funding, Series 2024-1 D 11.57441% 01-MAR-2028, 11.57%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $607,705 $607,705 0.09 $600,183
New Economy Assets - Phase 1 Issuer, Series 2021-1 A1_2021_1 1.973667% 20-OCT-2061, 1.91%, 10/20/61 USRE 2021-1 643821AA9 - - 615,000 $575,021 $575,021 0.08 $574,336
Connecticut Avenue Securities Trust 2024-R06 1M2 5.93969% 25-SEP-2044, 5.94%, 09/25/44 CAS 2024-R06 20755RAC9 - - 577,442 $574,610 $574,610 0.08 $572,990
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $560,756 $560,756 0.08 $558,760
BX Trust 2022-FOX2 E 7.27835% 15-APR-2039, 7.28%, 04/15/39 BX 2022-FOX2 05610AAJ7 - - 563,956 $555,836 $555,836 0.08 $552,757
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 547,749 $555,499 $555,499 0.08 $552,367
Teva Pharmaceutical Industries Limited Sponsored ADR TEVA US 881624209 6,882,172.00 - 43,173 $553,478 $553,478 0.08 $553,478
Angel Oak Mortgage Trust 2025-2 A2 5.789% 25-FEB-2070, 5.79%, 02/25/70 AOMT 2025-2 03466QAB9 - - 547,323 $545,580 $545,580 0.08 $542,059
Mello Warehouse Securitization Trust 2024-1 F 9.572% 25-OCT-2057, 9.57%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $540,942 $540,942 0.08 $538,492
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $525,972 $525,972 0.08 $522,226
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $523,258 $523,258 0.08 $520,315
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $523,164 $523,164 0.08 $519,509
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $520,282 $520,282 0.08 $517,876
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 514,440 $519,041 $519,041 0.07 $516,332
Connecticut Avenue Securities Trust 2024-R01 1M2 6.13969% 25-JAN-2044, 6.14%, 01/25/44 CAS 2024-R01 20753UAB6 - - 520,000 $516,976 $516,976 0.07 $515,468
FIGRE Trust 2024-HE3 A 5.937% 25-JUL-2054, 5.94%, 07/25/54 FIGRE 2024-HE3 31684GAA0 - - 506,346 $511,982 $511,982 0.07 $510,646
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $511,880 $511,880 0.07 $509,504
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 500,000 $511,656 $511,656 0.07 $509,492
Bayview Opportunity Master Fund VII Trust 2024-SN1 D 6.36% 15-JUL-2029, 6.36%, 07/16/29 BVABS 2024-SN1A 072926AF5 - - 500,000 $510,568 $510,568 0.07 $508,271
Amur Equipment Finance Receivables XIV, Series 2024-2 E 8.88% 20-OCT-2032, 8.88%, 10/20/32 AXIS 2024-2A 03238BAF0 - - 500,000 $510,232 $510,232 0.07 $507,642
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $510,208 $510,208 0.07 $507,987
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $509,470 $509,470 0.07 $506,946
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $507,700 $507,700 0.07 $505,606
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 7.48%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $507,578 $507,578 0.07 $503,424
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $507,093 $507,093 0.07 $504,915
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $506,813 $506,813 0.07 $504,325
Affirm Asset Securitization Trust 2024-A C_1 6.16% 15-FEB-2029, 6.16%, 02/15/29 AFFRM 2024-A 00834BAC1 - - 500,000 $505,989 $505,989 0.07 $503,764
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $505,744 $505,744 0.07 $503,635
Prosper Marketplace Issuance Trust, Series 2023-1 B 7.48% 15-JUL-2029, 7.48%, 07/16/29 PMIT 2023-1A 74390NAC6 - - 500,000 $503,992 $503,992 0.07 $501,291
Gracie Point International Funding, Series 2024-1 C 7.92441% 01-MAR-2028, 7.92%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $502,081 $502,081 0.07 $497,790
ILPT Commercial Mortgage Trust 2022-LPF2 E 10.25918% 15-OCT-2039, 10.25%, 10/15/39 ILPT 2022-LPF2 449652AJ5 - - 500,000 $498,170 $498,170 0.07 $494,326
BX Commercial Mortgage Trust 2023-VLT3 C 7.75718% 15-NOV-2042, 7.76%, 11/15/28 BX 2023-VLT3 05611GAE4 - - 500,000 $497,536 $497,536 0.07 $494,627
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $468,363 $468,363 0.07 $465,600
U.S. Bank Auto Credit Linked Notes, Series 2023-1 B 6.789% 25-AUG-2032, 6.79%, 08/25/32 USCLN 2023-1 90357PAV6 - - 443,255 $449,829 $449,829 0.06 $448,492
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 441,959 $446,517 $446,517 0.06 $444,032
PRPM 2024-1 A1 6.959% 25-FEB-2029, 6.96%, 02/25/29 PRPM 2024-1 693972AA9 - - 438,771 $443,703 $443,703 0.06 $442,346
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 7.08969% 25-JUN-2047, 7.09%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 426,400 $437,971 $437,971 0.06 $436,795
Extended Stay America Trust 2021-ESH E 7.284% 15-JUL-2038, 7.28%, 07/15/38 ESA 2021-ESH 30227FAL4 - - 433,075 $431,062 $431,062 0.06 $428,696
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 418,662 $427,543 $427,543 0.06 $423,688
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $426,590 $426,590 0.06 $424,299
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.78648% 25-OCT-2057, 7.78%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 403,554 $418,484 $418,484 0.06 $417,000
Oak Street Investment Grade Net Lease Fund Series 2020-1 A2_2020_1 2.21% 20-NOV-2050, 2.21%, 11/20/50 OAKIG 2020-1A 67181DAB7 - - 458,664 $415,230 $415,230 0.06 $414,638
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $412,174 $412,174 0.06 $410,218
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.33%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 410,000 $405,204 $405,204 0.06 $402,830
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 390,838 $394,290 $394,290 0.06 $391,461
Connecticut Avenue Securities Trust 2023-R06 1B1 8.23969% 25-JUL-2043, 8.24%, 07/25/43 CAS 2023-R06 20754EAF2 - - 375,000 $392,701 $392,701 0.06 $391,242
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 379,007 $384,610 $384,610 0.06 $382,786
Amur Equipment Finance Receivables XIII, Series 2024-1 E 9.66% 20-APR-2032, 9.66%, 04/20/32 AXIS 2024-1A E 03237CAF9 - - 375,000 $383,703 $383,703 0.06 $381,590
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M2 6.28969% 25-FEB-2044, 6.29%, 02/25/44 STACR 2024-DNA1 35564NBA0 - - 382,632 $381,949 $381,949 0.06 $380,813
BAMLL Re-REMIC Trust 2024-FRR4 E 1.495808% 27-NOV-2048, 1.26%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $380,116 $380,116 0.05 $379,555
BAMLL Re-REMIC Trust 2024-FRR4 F 1.403625% 27-JAN-2026, 1.18%, 11/27/48 BAMLL 05493VAL8 - - 400,119 $377,153 $377,153 0.05 $376,626
Worldwide Plaza Trust 2017-WWP A 3.5263% 10-NOV-2036, 3.53%, 11/10/36 WPT 98162JAA4 - - 528,000 $366,313 $366,313 0.05 $364,245
Franco-Nevada Corporation FNV US 351858105 - - 2,299 $362,047 $362,047 0.05 $362,047
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 335,863 $341,168 $341,168 0.05 $339,547
Connecticut Avenue Securities Trust 2024-R02 1M2 6.13969% 25-FEB-2044, 6.14%, 02/25/44 CAS 2024-R02 20754GAE0 - - 331,138 $329,422 $329,422 0.05 $328,462
BRAVO Residential Funding Trust 2023-NQM3 A3 4.85% 25-SEP-2062, 4.85%, 09/25/62 BRAVO 2023-NQM3 10568EAC6 - - 340,708 $329,054 $329,054 0.05 $327,218
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $325,893 $325,893 0.05 $324,873
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $321,837 $321,837 0.05 $320,038
Surgery Center Holdings, Inc. 7.25% 15-APR-2032, 7.25%, 04/15/32 SURCEN 86881WAF9 - - 310,000 $310,060 $310,060 0.04 $299,073
BX Commercial Mortgage Trust 2024-MF C 6.26008% 15-FEB-2039, 6.26%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $305,251 $305,251 0.04 $303,796
Luxury Lease Partners Auto Lease Trust 2024-4 B 10.491% 15-JAN-2030, 10.49%, 07/15/30 LLP 2024-4 55068XAB6 - - 300,000 $302,518 $302,518 0.04 $300,245
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.88969% 25-FEB-2050, 5.89%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 312,043 $300,289 $300,289 0.04 $299,422
Libra Solutions 2023-1 A 7.0% 15-FEB-2035, 7.00%, 02/15/35 OASIS 2023-1A 53161DAA3 - - 298,236 $299,781 $299,781 0.04 $298,273
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 284,817 $287,200 $287,200 0.04 $285,991
Readycap Lending Small Business Loan Trust 2023-3 A 7.57% 25-APR-2048, 7.57%, 04/25/48 RCLT 75576AAA1 - - 279,096 $283,212 $283,212 0.04 $282,214
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $275,995 $275,995 0.04 $275,995
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 267,763 $273,401 $273,401 0.04 $272,364
Celanese Corporation CE US 150870103 - - 7,169 $269,411 $269,411 0.04 $269,411
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 B 7.77% 15-MAR-2032, 7.77%, 03/15/32 CPEF 2023-1A 224092AB2 - - 250,000 $256,987 $256,987 0.04 $255,584
Affirm Asset Securitization Trust 2023-B D 8.78% 15-SEP-2028, 8.78%, 09/15/28 AFFRM 2023-B 00792FAJ7 - - 250,000 $254,790 $254,790 0.04 $253,205
Affirm Asset Securitization Trust 2023-B C 7.81% 15-SEP-2028, 7.81%, 09/15/28 AFFRM 2023-B 00792FAH1 - - 250,000 $253,414 $253,414 0.04 $252,004
Affirm Asset Securitization Trust 2023-X1 C 8.25% 15-NOV-2028, 8.25%, 11/15/28 AFFRM 2023-X1 00834KAC1 - - 250,000 $253,280 $253,280 0.04 $251,790
Santander US Capital Markets LLC 18-JAN-2033, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 250,000 $249,625 $249,625 0.04 $248,397
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 249,472 $247,677 $247,677 0.04 $247,095
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $247,481 $247,481 0.04 $246,175
Affirm Asset Securitization Trust 2023-X1 B 7.77% 15-NOV-2028, 7.77%, 11/15/28 AFFRM 2023-X1 00834KAB3 - - 244,814 $246,786 $246,786 0.04 $245,412
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 C 7.56% 15-MAR-2032, 7.56%, 03/15/32 CPEF 2023-1A 224092AC0 - - 250,000 $245,988 $245,988 0.04 $244,622
BXHPP Trust 2021-FILM B 5.334% 15-AUG-2036, 5.33%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $235,195 $235,195 0.03 $234,195
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 228,376 $226,809 $226,809 0.03 $226,319
CP EF Asset Securitization II (Channel Partners Equipment Finance) 2023-1 A 7.48% 15-MAR-2032, 7.48%, 03/15/32 CPEF 2023-1A 224092AA4 - - 218,750 $222,130 $222,130 0.03 $220,948
Cyrusone Data Centers Issuer I, Series 2023-1 B_2301 5.45% 20-APR-2048, 5.45%, 04/20/48 CYRUS 2023-1A 23284BAC8 - - 223,683 $220,650 $220,650 0.03 $219,939
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $204,836 $204,836 0.03 $203,251
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,512 $204,512 0.03 $203,142
BX Trust 2022-FOX2 D 6.43015% 15-APR-2039, 6.43%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 198,576 $196,380 $196,380 0.03 $195,423
DBGS 2018-BIOD Mortgage Trust D 5.91501% 15-MAY-2035, 5.92%, 05/15/35 DBGS 2018-BIOD 23306GAG2 - - 187,500 $185,219 $185,219 0.03 $184,387
BX Commercial Mortgage Trust 2021-VINO D 5.78633% 15-MAY-2038, 5.79%, 05/15/38 BX 2021-VINO 05608KAG5 - - 175,000 $172,662 $172,662 0.02 $171,903
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 212,734 $164,639 $164,639 0.02 $164,507
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 155,390 $160,119 $160,119 0.02 $158,368
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $153,231 $153,231 0.02 $152,964
Cyrusone Data Centers Issuer I, Series 2023-2 A2_2302 5.56% 20-NOV-2048, 5.56%, 11/20/48 CYRUS 2023-2A 23284BAE4 - - 150,000 $148,748 $148,748 0.02 $148,261
Hudson's Bay Simon JV Trust 2015-HBS B7 4.6662% 05-AUG-2034, 4.67%, 08/05/34 HBCT 2015-HB7 44422PBC5 - - 140,000 $138,433 $138,433 0.02 $138,252
Angel Oak Mortgage Trust 2024-3 A3 4.8% 25-NOV-2068, 4.80%, 11/26/68 AOMT 2024-3 03466HAC7 - - 123,385 $116,858 $116,858 0.02 $116,200
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 115,785 $114,057 $114,057 0.02 $113,563
U.S. Bank Auto Credit Linked Notes, Series 2023-1 C 9.785% 25-AUG-2032, 9.79%, 08/25/32 USCLN 2023-1 90357PAW4 - - 110,814 $113,627 $113,627 0.02 $113,145
Ginnie Mae REMIC Trust 2005-065 FA 4.57628% 20-AUG-2035, 4.58%, 08/20/35 GNR 2005-65 38374LL25 - - 114,298 $112,480 $112,480 0.02 $112,174
Upstart Securitization Trust 2021-1 C 4.06% 20-MAR-2031, 4.06%, 03/20/31 UPST 2021-1 91681NAC8 - - 105,269 $105,269 $105,269 0.02 $105,019
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 99,586 $99,199 $99,199 0.01 $98,986
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $99,149 $99,149 0.01 $98,965
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 102,180 $98,611 $98,611 0.01 $98,418
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $98,233 $98,233 0.01 $98,044
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 95,145 $96,729 $96,729 0.01 $96,037
Hudson's Bay Simon JV Trust 2015-HBS A7 3.9141% 05-AUG-2034, 3.91%, 08/05/34 HBCT 2015-HB7 44422PAU6 - - 95,771 $95,089 $95,089 0.01 $94,985
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.98969% 25-JAN-2034, 5.99%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 77,108 $77,326 $77,326 0.01 $77,108
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $77,154 $77,154 0.01 $76,999
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 55,833 $56,263 $56,263 0.01 $56,104
Santander Bank Auto Credit-Linked Notes, Series 2022-A B 5.281% 15-MAY-2032, 5.28%, 05/15/32 SBCLN 2022-A 80290CAS3 - - 37,129 $37,262 $37,262 0.01 $37,120
U.S. Auto Funding 2022-1 A 3.98% 15-APR-2025, 3.98%, 04/15/25 USAUT 2022-1A 90355FAA6 - - 34,662 $34,516 $34,516 0.00 $34,416
BX Trust 2019-OC11 E 4.075457% 09-DEC-2041, 3.94%, 12/09/41 BX 2019-OC11 05606FAN3 - - - $13,216 $13,216 0.00 $0
AMCR ABS Trust 2023-1 A 7.66% 18-JAN-2031, 7.66%, 01/21/31 AMCR 2023-1A 00178CAA7 - - 8,970 $9,014 $9,014 0.00 $8,970
PRPM 2024-RPL1 A2 4.303871% 25-DEC-2064, 4.18%, 12/25/64 PRPM 2024-RPL1 69380XAB8 - - - $3,482 $3,482 0.00 $0
US 2YR NOTE (CBT) Jun25 JUN 25 TUM5 FUTURES_USD - 600.00 $124,434,376 $0 0.00 $0
US 5YR NOTE (CBT) Jun25 JUN 25 FVM5 FUTURES_USD - 1,136 $122,634,750 $0 0.00 $0
US 10yr Ultra Fut Jun25 JUN 25 UXYM5 FUTURES_USD - -155.00 $-17,488,359 $0 0.00 $0
US 10YR NOTE (CBT)Jun25 JUN 25 TYM5 FUTURES_USD - -141.00 $-15,593,719 $0 0.00 $0
UMBS TBA 30yr 2.5% May Delivery, 2.50%, 05/13/25 FNCL 01F022659 - - -44,565,000 $-36,267,175 $-36,267,175 -5.24 $-36,267,175
SEGREGATED CASH SEGCASH - $0.00 3,490,000 $3,490,000 $3,490,000 0.50 $3,490,000
US DOLLARS USD MD_142224 - - -184,500,158 $-184,500,158 $-184,500,158 -26.65 $-184,500,158
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,198,438 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,220,312 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,226,562 $0 0.00 $0
Three-Month SOFR Futures DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,643,750 $0 0.00 $0
Janus Henderson AAA CLO ETF 07/24/25 - 47103U845 $50.88 154,000 $7,667,660 $-134,163 -0.02 $-167,860
Janus Henderson AAA CLO ETF 07/24/25 JAAA US 47103U845 $50.99 120,948 $6,022,001 $-145,138 -0.02 $-145,138
Janus Henderson AAA CLO ETF 07/24/25 JAAA US 47103U845 $50.99 181,335 $9,028,670 $-217,602 -0.03 $-217,602
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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