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 December 5, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
GNMA II TBA 30yr 2.5% December Delivery, 2.50%, 12/18/25 G2SF 21H0226C0 - - 136,700,000 $117,993,015 $117,993,015 8.96 $117,993,015
Fannie Mae or Freddie Mac|5.5|01/14/2026, 5.50%, 01/14/26 FNCL 01F052615 - - 65,610,000 $66,282,502 $66,282,502 5.04 $66,282,502
UMBS TBA 30yr 5% January Delivery, 5.00%, 01/14/26 FNCL 01F050619 - - 63,560,000 $63,181,882 $63,181,882 4.80 $63,181,882
UMBS TBA 30yr 6.5% January Delivery, 6.50%, 01/14/26 FNCL 01F062614 - - 60,613,000 $62,864,167 $62,864,167 4.78 $62,864,167
UMBS TBA 30yr 6% January Delivery, 6.00%, 01/14/26 FNCL 01F060618 - - 57,605,000 $58,960,446 $58,960,446 4.48 $58,960,446
UMBS TBA 30yr 3.5% January Delivery, 3.50%, 01/14/26 FNCL 01F032617 - - 30,930,000 $28,446,692 $28,446,692 2.17 $28,446,692
UMBS TBA 30yr 4.5% January Delivery, 4.50%, 01/14/26 FNCL 01F042616 - - 25,880,000 $25,192,550 $25,192,550 1.92 $25,192,550
UMBS TBA 30yr 3% January Delivery, 3.00%, 01/14/26 FNCL 01F030611 - - 25,640,000 $22,629,479 $22,629,479 1.73 $22,629,479
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.7218% 25-FEB-2045, 5.72%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,884,459 $16,884,459 1.29 $16,849,716
CENT Trust 2025-CITY A 4.919988% 10-JUL-2040, 5.09%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,861,834 $12,861,834 0.98 $12,795,724
Fannie Mae REMIC Trust 2025-12 FC 5.28279% 25-MAR-2055, 5.17%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,633,350 $12,686,132 $12,686,132 0.96 $12,662,538
Orion CLO 2023-1 A1R 5.12924% 25-OCT-2038, 5.13%, 10/25/38 ANTOR 2023-1A 68626CAJ3 - - 12,500,000 $12,533,542 $12,533,542 0.95 $12,499,704
ALA Trust 2025-OANA A 5.70163% 15-JUN-2040, 5.70%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,140,727 $12,140,727 0.92 $12,096,819
OHA CREDIT FUNDING 24 FLTG 2039 A2, 5.29%, 01/20/39 OAKC 2025-24A 67123CAC8 - - 12,000,000 $12,000,000 $12,000,000 0.91 $12,000,000
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,716,470 $11,774,246 $11,774,246 0.89 $11,705,257
Freddie Mac Multiclass Certificates, Series 5544 FC 5.18279% 25-JUN-2055, 5.07%, 06/25/55 FHR 5544 3137HLNP3 - - 11,442,413 $11,507,359 $11,507,359 0.87 $11,486,403
AB BSL CLO 1 A2R2 5.46673% 15-OCT-2038, 5.47%, 10/15/38 ABBSL 2020-1A 00038KBL4 - - 11,000,000 $11,074,495 $11,074,495 0.84 $11,019,372
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 10,688,288 $10,842,141 $10,842,141 0.82 $10,781,064
Apld Computeco LLC 9.25% 15-DEC-2030, 9.25%, 12/15/30 APLD 00202DAA5 - - 10,892,000 $10,749,974 $10,749,974 0.82 $10,699,598
BX Commercial Mortgage Trust 2024-XL4 A 5.40099% 15-FEB-2039, 5.40%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,644,449 $10,644,449 0.81 $10,607,824
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,304,341 $10,304,341 0.78 $10,262,928
WB Commercial Mortgage Trust 2024-HQ A 5.9365% 16-MAR-2040, 6.13%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,076,899 $10,076,899 0.76 $10,013,851
BX Trust 2025-VLT7 E 7.70896% 15-JUL-2044, 7.71%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $10,014,614 $10,014,614 0.76 $9,965,530
ARES LV CLO FLTG 2039, 5.32%, 01/15/39 ARES 2025-78A 03990NAC9 - - 10,000,000 $10,000,000 $10,000,000 0.76 $10,000,000
BX Trust 2024-FNX A 5.40126% 15-NOV-2041, 5.40%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,924,356 $9,924,356 0.75 $9,890,218
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 9,114,200 $9,177,799 $9,177,799 0.70 $9,125,332
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,707,008 $8,707,008 0.66 $8,673,931
Regatta XXVI Funding Ltd|5.3|01/25/2039, 5.30%, 01/25/39 REG26 2023-2A 75900QAQ8 - - 8,300,000 $8,300,000 $8,300,000 0.63 $8,300,000
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,268,927 $8,268,927 0.63 $8,246,787
PMT LOAN TRUST 2025-J3 FLTG 2056 A3, 5.47%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 7,747,385 $8,113,755 $8,113,755 0.62 $7,779,523
Bain Capital Credit CLO 2025-5 Ltd|5.237|01/19/2039, 5.24%, 01/19/39 BCC 2025-5A 056917AC1 - - 8,000,000 $8,025,600 $8,025,600 0.61 $8,025,600
CBAMR 2018-8 Ltd., 5.21%, 03/20/38 CBAMR 2019-11RA 14988AAC8 - - 8,000,000 $8,004,635 $8,004,635 0.61 $8,000,000
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $7,824,322 $7,824,322 0.59 $7,804,011
WULF Compute LLC 7.75% 15-OCT-2030, 7.75%, 10/15/30 WULF 982911AA7 - - 7,439,000 $7,779,418 $7,779,418 0.59 $7,707,353
Radian Mortgage Capital Trust 2025-J4 A25 5.73078% 25-MAR-2056, 5.62%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 7,728,866 $7,743,759 $7,743,759 0.59 $7,728,069
OBX 2025-J3 TRUST FLTG 2055 AF, 5.57%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,657,400 $7,672,602 $7,672,602 0.58 $7,657,195
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,561,058 $7,561,058 0.57 $7,534,224
Extended Stay America Trust 2025-ESH B 5.55896% 15-OCT-2042, 5.56%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,540,880 $7,540,880 0.57 $7,514,243
HILT 2025-NVIL A 5.70196% 15-JUL-2042, 5.70%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,432,985 $7,432,985 0.56 $7,406,028
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 7.8218% 25-FEB-2042, 7.82%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 7,158,664 $7,397,310 $7,397,310 0.56 $7,377,090
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,211,144 $7,211,144 0.55 $7,187,490
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $7,209,608 $7,209,608 0.55 $7,167,602
BLP Commercial Mortgage Trust 2024-IND2 A 5.30111% 15-MAR-2041, 5.30%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,907,463 $6,926,069 $6,926,069 0.53 $6,902,675
BX Commercial Mortgage Trust 2024-AIRC A 5.65024% 15-AUG-2041, 5.65%, 08/15/41 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,910,580 $6,910,580 0.52 $6,885,740
KRE Commercial Mortgage Trust 2025-AIP4 A 5.25896% 15-MAR-2042, 5.26%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,905,394 $6,905,394 0.52 $6,882,204
Connecticut Avenue Securities Trust 2025-R01 1M1 5.1718% 25-JAN-2045, 5.17%, 01/25/45 CAS 2025-R01 20755JAB9 - - 6,871,463 $6,886,668 $6,886,668 0.52 $6,873,835
PRPM 2025-RCF6 LLC|5.5|12/25/2055, 5.50%, 12/25/55 PRPM 2025-RCF6 69393BAC9 - - 6,852,000 $6,883,528 $6,883,528 0.52 $6,837,468
RAD CLO 31 FLTG 2039 A1B, 5.34%, 04/17/39 RAD 2025-31A 74939NAC4 - - 6,600,000 $6,631,020 $6,631,020 0.50 $6,631,020
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.5718% 25-OCT-2041, 11.57%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,617,854 $6,617,854 0.50 $6,547,468
Cipher Compute LLC 7.125% 15-NOV-2030, 7.12%, 11/15/30 CIFR 17253NAA5 - - 6,464,000 $6,617,442 $6,617,442 0.50 $6,585,458
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.3218% 25-SEP-2041, 10.32%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 6,288,000 $6,518,260 $6,518,260 0.49 $6,494,822
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,478,776 $6,478,776 0.49 $6,457,842
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 6,411,000 $6,455,140 $6,455,140 0.49 $6,442,463
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.29348% 25-OCT-2057, 6.32%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,157,208 $6,359,323 $6,359,323 0.48 $6,345,274
Connecticut Avenue Securities, Series 2021-R03 1M2 5.7218% 25-DEC-2041, 5.72%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,258,059 $6,258,059 0.47 $6,245,208
SMRT Commercial Mortgage Trust 2022-MINI D 5.90896% 15-JAN-2039, 5.91%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 6,250,000 $6,239,955 $6,239,955 0.47 $6,216,360
BX Trust 2025-TAIL D 6.40896% 15-JUN-2035, 6.41%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,016,972 $6,016,972 0.46 $5,992,405
HPEFS EQUIPMENT TRUST 2025-2 0% 33, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $6,003,186 $6,003,186 0.46 $5,988,876
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,130,299 $5,972,139 $5,972,139 0.45 $5,946,937
FS Commercial Mortgage Trust 2023-4SZN D 9.08008% 10-NOV-2039, 9.38%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,951,119 $5,951,119 0.45 $5,895,669
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 5,939,266 $5,855,500 $5,855,500 0.44 $5,830,167
BX Trust 2024-CNYN D 6.64905% 15-APR-2041, 6.65%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,769,688 $5,790,263 $5,790,263 0.44 $5,765,753
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.1718% 25-SEP-2041, 6.17%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 5,568,144 $5,628,046 $5,628,046 0.43 $5,615,636
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 5,517,000 $5,578,182 $5,578,182 0.42 $5,567,346
PRPM 2025-RCF5 5.31%55 A2, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,524,930 $5,524,930 0.42 $5,494,914
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.5718% 25-MAY-2045, 5.57%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,518,717 $5,518,717 0.42 $5,507,628
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,374,803 $5,460,398 $5,460,398 0.41 $5,447,694
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,425,883 $5,425,883 0.41 $5,405,237
Luxury Lease Partners Auto Lease Trust 2025-A|5.51|03/15/2032, 5.51%, 03/15/32 LLP 2025-A 55069BAA5 - - 5,280,000 $5,279,614 $5,279,614 0.40 $5,279,614
BX Commercial Mortgage Trust 2021-VOLT E 6.073% 15-SEP-2036, 6.07%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,166,760 $5,183,687 $5,183,687 0.39 $5,163,639
NYC Commercial Mortgage Trust 2025-1155 D 7.358% 10-JUN-2042, 7.60%, 06/10/42 NYC 2025-1155 67122BAE7 - - 5,000,000 $5,179,854 $5,179,854 0.39 $5,140,782
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,179,231 $5,179,231 0.39 $5,165,336
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.57%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,177,007 $5,177,007 0.39 $5,166,608
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,144,513 $5,160,791 $5,160,791 0.39 $5,131,789
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.8718% 25-NOV-2041, 11.87%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,084,262 $5,084,262 0.39 $5,063,684
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $5,058,484 $5,058,484 0.38 $5,048,091
Ares LXXI CLO A2 5.58444% 20-APR-2037, 5.99%, 04/20/37 ARES 2024-71A 04020MAC3 - - 5,000,000 $5,054,225 $5,054,225 0.38 $5,014,271
SALUDA GR ALT MTG TR 2025-LOC5 A1B, 5.79%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,029,486 $5,029,486 0.38 $5,019,030
GOLDENTREE LOAN MANAGEM US 1 FLTG, 0.00%, 01/20/39 GLM 2025-27A 38140AAE8 - - 5,000,000 $5,017,500 $5,017,500 0.38 $5,017,500
BX Trust 2025-DIME E 6.95896% 15-FEB-2035, 6.96%, 02/15/35 BX 2025-DIME 05613UAJ0 - - 5,000,000 $5,016,635 $5,016,635 0.38 $4,994,405
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 4,927,679 $5,008,327 $5,008,327 0.38 $4,978,897
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $4,992,781 $4,992,781 0.38 $4,976,521
ALLY BK AUTO CR LKD NT 2025-B E, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - - 4,960,000 $4,972,031 $4,972,031 0.38 $4,955,895
Avis Budget Rental Car Funding (AESOP) Series 2021-1 D 3.71% 20-AUG-2027, 3.71%, 08/20/27 AESOP 2021-1A 05377REL4 - - 5,000,000 $4,962,046 $4,962,046 0.38 $4,952,771
FHF ISSUER TRUST 2024-1 0% 30, 5.75%, 05/15/30 FHF 2025-2A 30343DAB0 - - 4,891,000 $4,900,485 $4,900,485 0.37 $4,890,330
SCG Commercial Mortgage Trust 2025-DLFN E 6.90896% 15-MAR-2035, 6.91%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,886,933 $4,886,933 0.37 $4,865,287
Fannie Mae REMIC Trust 2025-9 FA 5.38279% 25-MAR-2055, 5.27%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,825,163 $4,855,127 $4,855,127 0.37 $4,845,941
FHLMC STACR REMIC TR 2025-DNA3 M1, 5.17%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 4,838,961 $4,853,621 $4,853,621 0.37 $4,844,584
Chase Auto Credit Linked Notes, Series 2025-1 E 6.024% 25-JUN-2033, 6.02%, 02/25/33 CACLN 2025-1 46591HCV0 - - 4,854,466 $4,850,395 $4,850,395 0.37 $4,839,835
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 4,809,009 $4,838,897 $4,838,897 0.37 $4,827,839
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 4,816,005 $4,833,309 $4,833,309 0.37 $4,808,718
Saluda Grade Alternative Mortgage Trust 2024-RTL4 A1 7.5% 25-FEB-2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAA9 - - 4,722,485 $4,775,572 $4,775,572 0.36 $4,739,170
BX Commercial Mortgage Trust 2024-MF D 6.64878% 15-FEB-2039, 6.65%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,759,369 $4,759,369 0.36 $4,739,246
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,588,500 $4,691,382 $4,691,382 0.36 $4,674,936
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,690,517 $4,690,517 0.36 $4,668,317
BX Commercial Mortgage Trust 2024-BIO2 D 7.71271% 15-AUG-2041, 7.97%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,597,411 $4,597,411 0.35 $4,558,896
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.54348% 25-OCT-2057, 6.57%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,447,855 $4,593,243 $4,593,243 0.35 $4,582,692
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,587,538 $4,587,538 0.35 $4,566,119
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,558,706 $4,558,706 0.35 $4,548,958
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 $4,542,044 $4,542,044 0.34 $4,527,554
NRTH Commercial Mortgage Trust 2025-PARK B 5.60188% 15-OCT-2040, 5.60%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,514,085 $4,514,085 0.34 $4,497,979
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.0718% 25-DEC-2041, 11.07%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 4,263,254 $4,498,844 $4,498,844 0.34 $4,481,799
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,452,440 $4,477,853 $4,477,853 0.34 $4,451,430
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,393,695 $4,446,491 $4,446,491 0.34 $4,434,754
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 $4,430,542 $4,430,542 0.34 $4,420,509
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - - 4,403,742 $4,409,186 $4,409,186 0.33 $4,398,362
Fora Financial Asset Securitization, Series 2024-1 A 6.33% 15-MAY-2027, 6.33%, 08/15/29 FORA 2024-1A 34512PAA2 - - 4,333,000 $4,379,514 $4,379,514 0.33 $4,361,990
GWT Commercial Mortgage Trust 2024-WLF2 E 7.59739% 15-MAY-2041, 7.60%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 4,322,000 $4,353,895 $4,353,895 0.33 $4,332,916
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 $4,329,833 $4,329,833 0.33 $4,266,940
TOWD POINT MORTGAGE TRUS 5.98666% 65, 5.72%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,327,947 $4,327,947 0.33 $4,319,184
COMM 2024-WCL1 Mortgage Trust D 7.248% 17-JUN-2041, 7.25%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 4,250,000 $4,286,465 $4,286,465 0.33 $4,266,785
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.2218% 25-FEB-2045, 5.22%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 4,264,696 $4,275,412 $4,275,412 0.32 $4,267,370
IRV Trust 2025-200P C 5.73037% 14-MAR-2047, 5.92%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,249,759 $4,249,759 0.32 $4,224,199
MTN Commercial Mortgage Trust 2022-LPFL A 5.3569% 15-MAR-2039, 5.36%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,247,981 $4,247,981 0.32 $4,233,470
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,163,608 $4,225,537 $4,225,537 0.32 $4,201,200
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,125,463 $4,149,995 $4,149,995 0.31 $4,126,815
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,141,838 $4,141,838 0.31 $4,127,746
BX Trust 2024-VLT4 E 6.848364% 15-JUN-2041, 6.85%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,135,815 $4,135,815 0.31 $4,117,671
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 3,954,935 $4,109,532 $4,109,532 0.31 $4,082,225
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA1 M2 9.3218% 25-MAR-2042, 9.32%, 03/25/42 STACR 2022-HQA1 35564KTJ8 - - 3,856,000 $4,059,634 $4,059,634 0.31 $4,046,654
BX Trust 2024-BRBK A 6.8386% 15-OCT-2041, 6.84%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,020,139 $4,020,139 0.30 $4,002,689
BLP Trust 2025-IND2 D 6.65% 15-DEC-2042, 6.60%, 12/15/42 BLP 2025-IND2 05556WAG1 - - 4,000,000 $4,008,291 $4,008,291 0.30 $3,998,751
Affirm Asset Securitization Trust 2025-X2 D 5.23% 15-OCT-2030, 5.23%, 10/15/30 AFFRM 2025-X2 00835DAD4 - - 4,000,000 $4,004,971 $4,004,971 0.30 $3,993,348
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 3,940,439 $3,990,459 $3,990,459 0.30 $3,968,185
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 3,830,639 $3,875,335 $3,875,335 0.29 $3,851,638
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,853,037 $3,865,160 $3,865,160 0.29 $3,845,372
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,804,844 $3,860,580 $3,860,580 0.29 $3,838,470
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 3,878,493 $3,824,033 $3,824,033 0.29 $3,814,500
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,794,098 $3,794,098 0.29 $3,786,277
FREMF 2023-K511 Mortgage Trust C 5.634469% 25-NOV-2028, 5.82%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,779,795 $3,779,795 0.29 $3,755,859
BMP Commercial Mortgage Trust 2024-MF23 D 6.34945% 15-JUN-2041, 6.35%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,761,077 $3,761,077 0.29 $3,745,865
BX Trust 2021-MFM1 E 6.323% 15-JAN-2034, 6.32%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 3,733,520 $3,746,709 $3,746,709 0.28 $3,731,625
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,744,322 $3,744,322 0.28 $3,735,694
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,701,405 $3,729,845 $3,729,845 0.28 $3,717,279
Extended Stay America Trust 2025-ESH E 7.30896% 15-OCT-2042, 7.31%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,713,689 $3,713,689 0.28 $3,696,528
Extended Stay America Trust 2025-ESH D 6.55896% 15-OCT-2042, 6.56%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,708,524 $3,708,524 0.28 $3,693,124
RCKT MORTGAGE TRUST 2025-C 5.212% 55, 4.97%, 11/25/55 RCKT 2025-CES11 749423AA7 - - 3,658,000 $3,681,534 $3,681,534 0.28 $3,662,864
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,621,508 $3,621,508 0.27 $3,614,696
BX Commercial Mortgage Trust 2024-XL5 D 6.64876% 15-MAR-2041, 6.65%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,579,163 $3,591,640 $3,591,640 0.27 $3,576,436
BX Trust 2025-LUNR D 6.45896% 15-JUN-2040, 6.46%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,550,721 $3,565,139 $3,565,139 0.27 $3,550,487
DROP Mortgage Trust 2021-FILE A 5.223% 15-OCT-2043, 5.22%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,561,322 $3,561,322 0.27 $3,549,141
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.27%, 05/25/45 CAS 2025-R04 20755TAB7 - - 3,516,441 $3,530,773 $3,530,773 0.27 $3,524,078
SCG Trust 2025-SNIP D 6.55896% 15-SEP-2042, 6.56%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,522,965 $3,522,965 0.27 $3,508,299
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.8718% 25-JUL-2048, 5.87%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,500,320 $3,480,409 $3,480,409 0.26 $3,472,987
CSMC 2021-BHAR C 6.074% 15-NOV-2038, 6.07%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,440,580 $3,440,580 0.26 $3,427,208
Taco Bell Funding Series 2025-1 A2I 4.821% 25-AUG-2055, 4.82%, 08/25/55 BELL 2025-1A 87342RAK0 - - 3,425,000 $3,417,415 $3,417,415 0.26 $3,411,452
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,404,060 $3,404,060 0.26 $3,393,566
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,198,468 $3,322,888 $3,322,888 0.25 $3,299,657
BX Trust 2021-ARIA D 5.9684% 15-OCT-2036, 5.97%, 10/15/36 BX 2021-ARIA 05608RAJ4 - - 3,300,000 $3,310,286 $3,310,286 0.25 $3,297,702
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,256,179 $3,293,391 $3,293,391 0.25 $3,274,372
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,253,489 $3,253,489 0.25 $3,246,449
Connecticut Avenue Securities Trust 2022-R01 1B2 10.0718% 25-DEC-2041, 10.07%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 3,108,409 $3,241,553 $3,241,553 0.25 $3,230,247
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,207,946 $3,207,946 0.24 $3,199,242
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,158,111 $3,207,610 $3,207,610 0.24 $3,201,315
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,201,706 $3,201,706 0.24 $3,188,002
Amur Equipment Finance Receivables XV, Series 2025-1 D 5.68% 20-AUG-2032, 5.68%, 08/20/32 AXIS 2025-1A 03237FAE5 - - 3,129,000 $3,184,372 $3,184,372 0.24 $3,175,486
SF ABS ISSUER 2025-1 0%55 A2, 5.38%, 11/25/55 SFARM 2025-1A 784193AA2 - - 3,250,000 $3,183,741 $3,183,741 0.24 $3,181,314
Galaxy XXVI CLO Ltd., 6.84%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,141,485 $3,179,099 $3,179,099 0.24 $3,158,280
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 3,098,550 $3,157,163 $3,157,163 0.24 $3,141,797
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,152,888 $3,152,888 0.24 $3,137,932
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,149,068 $3,149,068 0.24 $3,142,183
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,119,762 $3,143,647 $3,143,647 0.24 $3,122,904
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,127,224 $3,127,224 0.24 $3,111,270
Saluda Grade Alternative Mortgage Trust 2024-RTL4|7.5|02/25/2030, 7.50%, 02/25/30 GRADE 2024-RTL4 79584CAB7 - - 3,105,500 $3,099,368 $3,099,368 0.24 $3,094,192
BX Trust 2021-ARIA F 6.6665% 15-OCT-2036, 6.67%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,099,185 $3,099,185 0.24 $3,086,032
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,095,047 $3,095,047 0.23 $3,076,464
BX Trust 2024-BIO C 6.59896% 15-FEB-2041, 6.60%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,089,408 $3,089,408 0.23 $3,076,309
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,080,666 $3,080,666 0.23 $3,072,772
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,076,292 $3,076,292 0.23 $3,068,718
Connecticut Avenue Securities, Series 2021-R01 1B1 7.1718% 25-OCT-2041, 7.17%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,055,789 $3,055,789 0.23 $3,048,019
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 $3,042,934 $3,042,934 0.23 $3,036,737
FIGRE TRUST 2025-HE6 FLTG 2055 C, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 3,041,936 $3,031,097 $3,031,097 0.23 $3,014,699
BFLD Commercial Mortgage Trust 2025-5MW C 5.45123% 10-OCT-2042, 5.63%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,021,363 $3,021,363 0.23 $3,003,995
OnDeck Asset Securitization IV, Series 2025-2 B 5.23% 17-NOV-2032, 5.23%, 11/17/32 ONDK 2025-2A 67108SAJ7 - - 3,000,000 $3,017,525 $3,017,525 0.23 $3,006,629
SWITCH ABS ISSUER 2025-2 A2 II, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,010,130 $3,010,130 0.23 $3,004,318
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $3,009,634 $3,009,634 0.23 $2,996,870
Saluda Grade Alternative Mortgage Trust 2024-RTL6 A1 7.439% 25-JUL-2030, 7.44%, 07/25/30 GRADE 2024-RTL6 79585UAA8 - - 2,941,750 $2,982,823 $2,982,823 0.23 $2,960,331
BXP Trust 2017-GM E 3.4248% 13-JUN-2039, 3.54%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,953,928 $2,953,928 0.22 $2,942,725
SWCH Commercial Mortgage Trust 2025-DATA E 7.29918% 15-FEB-2042, 7.30%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,909,156 $2,909,156 0.22 $2,895,399
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,882,556 $2,882,556 0.22 $2,865,300
SCG Commercial Mortgage Trust 2025-FLWR E 6.70896% 15-AUG-2042, 6.71%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,873,766 $2,873,766 0.22 $2,861,477
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 $2,864,225 $2,864,225 0.22 $2,853,849
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,823,561 $2,823,561 0.21 $2,810,037
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,787,261 $2,816,471 $2,816,471 0.21 $2,800,746
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $2,815,860 $2,815,860 0.21 $2,719,000
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,785,279 $2,815,017 $2,815,017 0.21 $2,798,977
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,804,514 $2,804,514 0.21 $2,794,661
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 2,718,623 $2,803,940 $2,803,940 0.21 $2,786,274
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.17616% 15-MAR-2038, 6.38%, 03/15/38 WFCM 2025-VTT 94990GAG4 - - 2,776,000 $2,797,499 $2,797,499 0.21 $2,779,290
Sierra Timeshare 2025-3 Receivables Funding C 4.98% 20-AUG-2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 2,795,535 $2,777,161 $2,777,161 0.21 $2,770,201
Great Wolf Trust 2024-WOLF G 9.39496% 15-MAR-2039, 9.39%, 03/15/39 GWT 2024-WOLF 39152MAN5 - - 2,750,000 $2,773,524 $2,773,524 0.21 $2,757,017
BX Trust 2025-ROIC E 6.90025% 15-FEB-2042, 6.90%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,766,802 $2,766,802 0.21 $2,754,586
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,683,235 $2,719,819 $2,719,819 0.21 $2,703,852
Wells Fargo Commercial Mortgage Trust 2024-MGP C11 7.04811% 15-AUG-2041, 7.05%, 08/15/41 WFCM 2024-MGP 95003TAE3 - - 2,695,567 $2,702,300 $2,702,300 0.20 $2,690,162
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 $2,700,554 $2,700,554 0.20 $2,693,689
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,693,198 $2,693,198 0.20 $2,682,159
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,646,470 $2,676,689 $2,676,689 0.20 $2,670,736
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,741,273 $2,674,782 $2,674,782 0.20 $2,671,318
MHC Commercial Mortgage Trust 2021-MHC F 6.674442% 15-APR-2038, 6.67%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,673,660 $2,673,660 0.20 $2,662,317
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,753,099 $2,672,658 $2,672,658 0.20 $2,669,178
UPG HI 2025-2 ISSUER TRU 0%47 B, 5.98%, 09/25/47 UPGHI 2025-2A 90321EAB8 - - 2,665,000 $2,667,467 $2,667,467 0.20 $2,661,712
Connecticut Avenue Securities Trust 2024-R06 1M2 5.6718% 25-SEP-2044, 5.67%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,654,788 $2,654,788 0.20 $2,649,366
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,632,898 $2,645,873 $2,645,873 0.20 $2,641,005
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 2,593,000 $2,601,209 $2,601,209 0.20 $2,591,783
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,745,000 $2,584,234 $2,584,234 0.20 $2,567,132
Connecticut Avenue Securities Trust 2024-R05 2M1 5.0718% 25-JUL-2044, 5.07%, 07/25/44 CAS 2024-R05 20754XAB9 - - 2,553,501 $2,557,421 $2,557,421 0.19 $2,552,745
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,555,404 $2,555,404 0.19 $2,543,297
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,549,949 $2,549,949 0.19 $2,542,061
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,549,720 $2,549,720 0.19 $2,542,252
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,542,096 $2,542,096 0.19 $2,533,471
Wells Fargo Commercial Mortgage Trust 2024-1CHI C 6.22623% 15-JUL-2035, 6.43%, 07/15/35 WFCM 2024-1CHI 95003PAE1 - - 2,500,000 $2,538,812 $2,538,812 0.19 $2,522,280
Sandstone Peak III C 6.50798% 25-APR-2037, 6.51%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,529,523 $2,529,523 0.19 $2,510,542
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.34888% 20-MAR-2033, 6.35%, 03/21/33 HACLN 2025-1 446438SZ7 - - 2,518,877 $2,528,789 $2,528,789 0.19 $2,520,793
Zais CLO 11 BR 5.67444% 20-JAN-2032, 5.67%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,523,867 $2,523,867 0.19 $2,504,558
OnDeck Asset Securitization IV, Series 2025-1 C 6.64% 17-APR-2032, 6.64%, 04/19/32 ONDK 2025-1A 68237DAC7 - - 2,500,000 $2,521,436 $2,521,436 0.19 $2,511,753
WB Commercial Mortgage Trust 2024-HQ C 6.90331% 16-MAR-2040, 7.13%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,512,056 $2,512,056 0.19 $2,493,727
MTN Commercial Mortgage Trust 2022-LPFL B 5.8556% 15-MAR-2039, 5.86%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,511,586 $2,511,586 0.19 $2,502,233
BX Commercial Mortgage Trust 2024-AIR2 D 6.74945% 15-OCT-2041, 6.75%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,508,473 $2,508,473 0.19 $2,497,740
RCKTL 2025-2 0% 34, 4.95%, 11/27/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,508,072 $2,508,072 0.19 $2,494,666
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,480,617 $2,495,078 $2,495,078 0.19 $2,481,927
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.1718% 25-JAN-2042, 11.17%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,487,877 $2,487,877 0.19 $2,478,396
280 Park Avenue 2017-280P Mortgage Trust B 5.352% 15-SEP-2034, 5.35%, 09/15/34 PRK 2017-280P 90205FAG5 - - 2,500,000 $2,482,851 $2,482,851 0.19 $2,474,303
FIGRE TRUST 2025-HE6 FLTG 2055 B, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 2,485,725 $2,482,108 $2,482,108 0.19 $2,468,966
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,474,741 $2,474,741 0.19 $2,468,027
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 $2,467,222 $2,467,222 0.19 $2,463,062
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 8.0% 25-APR-2029, 8.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 2,448,903 $2,457,422 $2,457,422 0.19 $2,437,287
Western Funding Auto Loan Trust 2025-1 D 5.79% 15-JAN-2036, 5.79%, 01/15/36 WEFUN 2025-1 958250AD4 - - 2,500,000 $2,444,515 $2,444,515 0.19 $2,435,267
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,444,294 $2,444,294 0.19 $2,431,689
Westlake Automobile Receivables Trust Series 2025-P1 D 5.59% 15-JUL-2032, 5.59%, 07/15/32 WLAKE 2025-P1 96043LAG5 - - 2,379,000 $2,434,248 $2,434,248 0.18 $2,425,752
PRET 2025-RPL5 TRUST FLTG 2070 A1, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,463,288 $2,407,623 $2,407,623 0.18 $2,397,117
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,411,957 $2,406,335 $2,406,335 0.18 $2,393,650
TOWD PT MTG TR 2025-FIX2 FLTG A1, 5.25%, 10/25/65 TPMT 2025-FIX2 89183RAA0 - - 2,338,290 $2,400,871 $2,400,871 0.18 $2,340,338
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,372,507 $2,393,410 $2,393,410 0.18 $2,380,608
FHF Issuer Trust 2024-2 (First Help Financial) D 7.15% 15-SEP-2031, 7.15%, 09/15/31 FHF 2024-2A 30336NAJ0 - - 2,373,000 $2,390,732 $2,390,732 0.18 $2,379,892
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,379,546 $2,379,546 0.18 $2,369,429
PRM7 Trust 2025-PRM7 E 6.61844% 10-NOV-2042, 6.84%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,369,032 $2,369,032 0.18 $2,352,267
ALA Trust 2025-OANA D 7.04972% 15-JUN-2040, 7.05%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,351,805 $2,351,805 0.18 $2,341,297
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.6912% 15-NOV-2036, 6.69%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,340,556 $2,340,556 0.18 $2,330,578
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,324,743 $2,324,743 0.18 $2,318,887
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,315,479 $2,310,433 $2,310,433 0.18 $2,298,015
Connecticut Avenue Securities, Series 2021-R03 1B1 6.8218% 25-DEC-2041, 6.82%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,291,272 $2,291,272 0.17 $2,285,730
Connecticut Avenue Securities Trust 2025-R06 1M1 5.0218% 25-SEP-2045, 5.02%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,260,056 $2,263,111 $2,263,111 0.17 $2,259,013
Acacia 2025-1 A 5.24% 15-NOV-2037, 5.24%, 11/15/37 ACACIA 2025-1 00401PAA7 - - 2,251,000 $2,261,024 $2,261,024 0.17 $2,252,833
BXP Trust 2017-GM D 3.4248% 13-JUN-2039, 3.54%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,240,903 $2,240,903 0.17 $2,232,501
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,209,350 $2,240,522 $2,240,522 0.17 $2,227,177
Exeter Select Automobile Receivables Trust 2025-2 D 5.34% 15-JAN-2032, 5.34%, 01/15/32 ESART 2025-2 30185EAF0 - - 2,200,000 $2,205,180 $2,205,180 0.17 $2,197,674
GS Mortgage-Backed Securities Trust 2025-RPL3 A1 4.1% 25-JUL-2065, 4.10%, 07/25/65 GSMBS 2025-RPL3 362963AA8 - - 2,232,600 $2,191,399 $2,191,399 0.17 $2,181,991
Chase Auto Credit Linked Notes, Series 2025-1 F 6.996% 25-JUN-2033, 7.00%, 02/25/33 CACLN 2025-1 46591HCW8 - - 2,144,199 $2,176,544 $2,176,544 0.17 $2,171,127
BX Commercial Mortgage Trust 2024-GPA3 C 5.85098% 15-DEC-2039, 5.85%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,176,244 $2,176,244 0.17 $2,168,149
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.851572% 27-SEP-2052, 0.94%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,173,780 $2,173,780 0.16 $2,171,446
CONE Trust 2024-DFW1 A 5.60069% 15-AUG-2041, 5.60%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,165,000 $2,167,540 $2,167,540 0.16 $2,159,793
Hudson's Bay Simon JV Trust 2015-HBS A10 4.1545% 05-AUG-2034, 4.15%, 08/05/34 HBCT 2015-HB10 44422PBN1 - - 2,210,000 $2,159,219 $2,159,219 0.16 $2,149,783
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,222,409 $2,146,062 $2,146,062 0.16 $2,138,638
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,181,421 $2,137,752 $2,137,752 0.16 $2,134,995
Great Wolf Trust 2024-WOLF D 6.84896% 15-MAR-2039, 6.85%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 2,103,000 $2,115,004 $2,115,004 0.16 $2,105,802
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,087,767 $2,100,741 $2,100,741 0.16 $2,091,978
MKT 2020-525M Mortgage Trust D 2.9406% 12-FEB-2040, 3.04%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,055,693 $2,055,693 0.16 $2,047,886
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,040,727 $2,040,727 0.15 $2,033,074
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,039,919 $2,039,919 0.15 $2,030,873
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.4218% 25-SEP-2041, 7.42%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,037,199 $2,037,199 0.15 $2,031,758
SMRT Commercial Mortgage Trust 2022-MINI F 7.30896% 15-JAN-2039, 7.31%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $2,017,653 $2,017,653 0.15 $2,008,197
GS MTG-BKD TRUST 2025-CES2 A1, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 2,001,877 $2,016,004 $2,016,004 0.15 $2,005,346
PRPM 2025-RCF5 6.7%55 A3, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,012,815 $2,012,815 0.15 $2,001,592
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $2,000,155 $2,000,155 0.15 $1,997,541
BOCA Commercial Mortgage Trust 2025-BOCA|6.35|12/15/2042, 6.35%, 12/15/42 BOCA 2025-BOCA 05619RAD4 - - 2,000,000 $2,000,000 $2,000,000 0.15 $2,000,000
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,965,000 $1,967,005 $1,967,005 0.15 $1,961,439
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,947,709 $1,947,709 0.15 $1,928,776
BX Commercial Mortgage Trust 2024-AIR2 C 6.20024% 15-OCT-2041, 6.20%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,926,962 $1,926,962 0.15 $1,919,363
EASY STREET MORTGAGE LN 5.606%40 A1, 5.61%, 10/25/40 EASY 2025-RTL2 27786YAA6 - - 1,900,000 $1,905,956 $1,905,956 0.14 $1,902,110
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,879,400 $1,896,871 $1,896,871 0.14 $1,885,844
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,879,687 $1,879,687 0.14 $1,872,845
BX Trust 2024-BRBK B 7.88556% 15-OCT-2041, 7.89%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,833,871 $1,833,871 0.14 $1,824,546
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,769,224 $1,832,558 $1,832,558 0.14 $1,827,920
OPEN Trust 2023-AIR B 7.796957% 15-NOV-2040, 7.80%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 1,823,847 $1,832,204 $1,832,204 0.14 $1,823,118
Exeter Select Automobile Receivables Trust 2025-3 D 5.54% 15-MAY-2032, 5.54%, 05/17/32 ESART 2025-3 30185FAF7 - - 1,800,000 $1,816,081 $1,816,081 0.14 $1,809,710
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,778,565 $1,813,985 $1,813,985 0.14 $1,803,547
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,789,521 $1,811,533 $1,811,533 0.14 $1,800,925
BXHPP Trust 2021-FILM C 5.173% 15-AUG-2036, 5.17%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,811,390 $1,811,390 0.14 $1,804,944
BX Trust 2021-BXMF G 7.422513% 15-OCT-2038, 7.42%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,810,008 $1,810,008 0.14 $1,801,431
SoFi Consumer Loan Program 2025-3 Trust D 5.35% 25-AUG-2034, 5.35%, 08/15/34 SCLP 2025-3 83390JAD4 - - 1,800,000 $1,809,028 $1,809,028 0.14 $1,805,551
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 - - 1,784,299 $1,806,524 $1,806,524 0.14 $1,802,150
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,772,821 $1,798,296 $1,798,296 0.14 $1,786,265
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,778,565 $1,794,862 $1,794,862 0.14 $1,784,059
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,778,773 $1,778,773 0.13 $1,770,714
Flagship Credit Auto Trust 2021-1 D 1.27% 15-MAR-2027, 1.27%, 03/15/27 FCAT 2021-1 33843WAG6 - - 1,788,387 $1,773,232 $1,773,232 0.13 $1,771,781
Extended Stay America Trust 2025-ESH F 8.05896% 15-OCT-2042, 8.06%, 10/15/42 ESA 2025-ESH 30227TAL4 - - 1,750,000 $1,771,988 $1,771,988 0.13 $1,762,978
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,770,568 $1,770,568 0.13 $1,764,597
CarMax Auto Owner Trust 2025-4 D 5.11% 15-MAR-2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,756,789 $1,756,789 0.13 $1,751,076
Wells Fargo Commercial Mortgage Trust 2025-VTT E 6.90721% 15-MAR-2038, 7.14%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - - 1,735,000 $1,755,298 $1,755,298 0.13 $1,742,571
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,740,178 $1,740,178 0.13 $1,736,753
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA5 M2 10.8218% 25-JUN-2042, 10.82%, 06/25/42 STACR 2022-DNA5 35564KYW3 - - 1,596,344 $1,735,463 $1,735,463 0.13 $1,729,224
Gracie Point International Funding, Series 2024-1 B 6.29671% 01-MAR-2028, 6.29%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,727,735 $1,727,735 0.13 $1,725,626
EFMT 2025-RTL1 0% 40, 5.57%, 11/25/40 EFMT 2025-RTL1 26846FAB5 - - 1,717,000 $1,723,356 $1,723,356 0.13 $1,718,048
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 $1,668,089 $1,668,089 0.13 $1,655,006
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,667,565 $1,667,565 0.13 $1,661,355
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.69888% 20-OCT-2032, 6.70%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 1,638,441 $1,651,631 $1,651,631 0.13 $1,646,143
UMBS TBA 30yr 4% January Delivery, 4.00%, 01/14/26 FNCL 01F040610 - - 1,738,000 $1,646,049 $1,646,049 0.12 $1,646,049
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.4218% 25-DEC-2041, 6.42%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,622,934 $1,622,934 0.12 $1,619,224
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,611,866 $1,611,866 0.12 $1,604,601
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,616,285 $1,610,203 $1,610,203 0.12 $1,607,285
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,544,229 $1,594,426 $1,594,426 0.12 $1,587,594
BX Commercial Mortgage Trust 2024-WPT D 6.64866% 15-APR-2041, 6.65%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,588,233 $1,588,233 0.12 $1,581,522
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,551,064 $1,567,561 $1,567,561 0.12 $1,558,569
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,563,246 $1,563,246 0.12 $1,556,355
ExteNet Issuer, Series 2024-1 C_241 8.758065% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,548,160 $1,548,160 0.12 $1,543,258
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 $1,529,035 $1,529,035 0.12 $1,522,452
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,524,213 $1,527,917 $1,527,917 0.12 $1,520,335
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,525,711 $1,525,711 0.12 $1,520,957
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 $1,521,866 $1,521,866 0.12 $1,515,499
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,509,865 $1,520,810 $1,520,810 0.12 $1,512,822
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.24888% 20-MAY-2032, 7.25%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,495,932 $1,514,345 $1,514,345 0.11 $1,508,923
DC Trust 2024-HLTN C 7.036% 13-APR-2040, 7.29%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,512,769 $1,512,769 0.11 $1,501,536
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 $1,510,163 $1,510,163 0.11 $1,503,762
Gracie Point International Funding, Series 2025-1 C 0.0% 15-AUG-2028, 7.06%, 08/15/28 GPIF 2025-1A 38411WAC6 - - 1,500,000 $1,509,440 $1,509,440 0.11 $1,502,670
JW Commercial Mortgage Trust 2024-MRCO C 6.34901% 15-JUN-2039, 6.35%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,505,965 $1,505,965 0.11 $1,499,881
SALUDA GR ALT MTG TR 25 RRTL1 A1, 5.32%, 10/25/40 GRADE 2025-RRTL1 79582NAA7 - - 1,500,000 $1,505,883 $1,505,883 0.11 $1,497,682
BX Trust 2021-ARIA E 6.3175% 15-OCT-2036, 6.32%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,505,013 $1,505,013 0.11 $1,498,958
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,485,000 $1,487,612 $1,487,612 0.11 $1,482,941
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 $1,473,863 $1,473,863 0.11 $1,460,923
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,454,802 $1,466,996 $1,466,996 0.11 $1,458,610
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - - 1,462,845 $1,465,241 $1,465,241 0.11 $1,459,572
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,455,779 $1,455,779 0.11 $1,452,692
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,452,610 $1,452,610 0.11 $1,452,610
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,418,645 $1,432,151 $1,432,151 0.11 $1,424,164
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,424,245 $1,424,245 0.11 $1,420,012
Western Funding Auto Loan Trust 2025-1 C 5.34% 15-NOV-2035, 5.34%, 11/15/35 WEFUN 2025-1 958250AC6 - - 1,389,000 $1,381,675 $1,381,675 0.10 $1,376,937
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,358,067 $1,358,067 0.10 $1,358,048
CF Hippolyta Net-Lease Mortgage Notes, Series 2020-1 A1_2020_1 10.84% 15-JUL-2060, 1.69%, 07/15/60 SORT 2020-1 12530MAA3 - - 1,582,006 $1,345,076 $1,345,076 0.10 $1,343,516
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,307,834 $1,338,925 $1,338,925 0.10 $1,335,165
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,287,099 $1,315,296 $1,315,296 0.10 $1,308,382
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,290,475 $1,297,584 $1,297,584 0.10 $1,290,623
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,277,874 $1,294,201 $1,294,201 0.10 $1,286,975
FOUNDATION FINANCE TRUST 20 5.71% 52, 5.71%, 08/15/52 FFIN 2025-3A 35042TAD4 - - 1,275,000 $1,277,229 $1,277,229 0.10 $1,271,567
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,199,851 $1,274,330 $1,274,330 0.10 $1,268,097
Great Wolf Trust 2024-WOLF C 6.34996% 15-MAR-2039, 6.35%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,266,545 $1,266,545 0.10 $1,261,434
COMM 2024-WCL1 Mortgage Trust C 6.848% 17-JUN-2041, 6.85%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,265,332 $1,265,332 0.10 $1,259,863
United Auto Credit Securitization Trust 2024-1 C 7.06% 10-OCT-2029, 7.06%, 10/10/29 UACST 2024-1 90945DAC4 - - 1,245,051 $1,256,181 $1,256,181 0.10 $1,249,344
OCEANVIEW MORTGAGE TRUST 4.99888% 55, 5.00%, 12/25/55 BVINV 2025-4 67647DAU3 - - 1,230,000 $1,231,540 $1,231,540 0.09 $1,229,320
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,209,093 $1,219,549 $1,219,549 0.09 $1,214,390
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 $1,219,195 $1,219,195 0.09 $1,214,396
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 $1,209,796 $1,209,796 0.09 $1,204,858
Taco Bell Funding Series 2021-1 A2I 1.946% 25-AUG-2051, 1.95%, 08/25/51 BELL 2021-1A 87342RAG9 - - 1,237,950 $1,202,416 $1,202,416 0.09 $1,201,546
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,263,985 $1,194,194 $1,194,194 0.09 $1,190,297
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,191,166 $1,191,166 0.09 $1,187,391
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 $1,189,459 $1,189,459 0.09 $1,182,941
MTN Commercial Mortgage Trust 2022-LPFL D 6.9028% 15-MAR-2039, 6.90%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,180,586 $1,180,586 0.09 $1,175,404
Connecticut Avenue Securities Trust 2022-R02 2M2 7.0718% 25-JAN-2042, 7.07%, 01/25/42 CAS 2022-R02 20754BAB7 - - 1,149,112 $1,174,153 $1,174,153 0.09 $1,171,219
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,162,025 $1,171,321 $1,171,321 0.09 $1,164,698
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,148,639 $1,170,597 $1,170,597 0.09 $1,164,699
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,125,463 $1,135,339 $1,135,339 0.09 $1,129,084
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 1,116,468 $1,117,108 $1,117,108 0.08 $1,111,605
MKT 2020-525M Mortgage Trust F 2.9406% 12-FEB-2040, 3.04%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,115,575 $1,115,575 0.08 $1,110,762
BX Trust 2024-VLT4 D 6.399012% 15-JUN-2041, 6.40%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,096,937 $1,096,937 0.08 $1,092,440
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.59888% 20-MAR-2033, 7.60%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,088,635 $1,092,760 $1,092,760 0.08 $1,088,623
BX Trust 2024-CNYN C 5.90012% 15-APR-2041, 5.90%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,081,816 $1,084,460 $1,084,460 0.08 $1,080,382
MS RES MTG LN TR 2025-SPL1 A1, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,098,406 $1,078,578 $1,078,578 0.08 $1,073,780
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.09888% 20-OCT-2032, 8.10%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,042,118 $1,056,773 $1,056,773 0.08 $1,052,553
RCKT Mortgage Trust 2025-CES10 A1A 4.894% 25-OCT-2055, 4.89%, 11/25/55 RCKT 2025-CES10 74939LAA2 - - 1,051,938 $1,056,226 $1,056,226 0.08 $1,050,935
Connecticut Avenue Securities Trust 2025-R01 1M2 5.5718% 25-JAN-2045, 5.57%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,055,535 $1,055,535 0.08 $1,053,414
FHF Issuer Trust 2024-2 (First Help Financial) A2 5.89% 15-JUN-2030, 5.89%, 06/15/30 FHF 2024-2A 30336NAC5 - - 1,039,499 $1,048,911 $1,048,911 0.08 $1,044,999
LIFE 2021-BMR Mortgage Trust E 5.823% 15-MAR-2038, 5.82%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,047,958 $1,047,958 0.08 $1,044,052
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,045,825 $1,045,825 0.08 $1,040,184
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 973,266 $1,044,061 $1,044,061 0.08 $1,038,402
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,025,751 $1,025,751 0.08 $1,020,640
MHC Commercial Mortgage Trust 2021-MHC G 7.274442% 15-APR-2038, 7.27%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,025,579 $1,025,579 0.08 $1,020,839
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.7218% 25-NOV-2041, 7.72%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,025,262 $1,025,262 0.08 $1,022,473
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,024,928 $1,024,928 0.08 $1,019,684
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 $1,023,484 $1,023,484 0.08 $1,018,744
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 $1,021,993 $1,021,993 0.08 $1,013,400
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 $1,020,829 $1,020,829 0.08 $1,014,373
Sotheby's ArtFi Master Trust, Series 2024-1 D 7.91% 20-DEC-2031, 7.91%, 12/22/31 ARTFI 2024-1A 83589CAE8 - - 1,000,000 $1,019,829 $1,019,829 0.08 $1,002,690
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,014,536 $1,014,536 0.08 $1,010,365
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 $1,009,707 $1,009,707 0.08 $1,007,631
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 988,003 $1,008,910 $1,008,910 0.08 $1,006,502
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 987,223 $1,008,888 $1,008,888 0.08 $1,003,046
MTN Commercial Mortgage Trust 2022-LPFL F 9.245169% 15-MAR-2039, 9.25%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,005,970 $1,005,970 0.08 $1,000,064
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $1,000,642 $1,000,642 0.08 $996,761
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.5218% 25-OCT-2044, 5.52%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $992,408 $992,408 0.08 $990,434
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 968,250 $958,422 $958,422 0.07 $954,441
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $920,218 $920,218 0.07 $915,664
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $907,034 $907,034 0.07 $905,413
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.1218% 25-DEC-2031, 6.12%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 878,140 $884,829 $884,829 0.07 $882,888
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 870,934 $874,873 $874,873 0.07 $871,163
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 877,530 $862,199 $862,199 0.07 $861,090
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $860,304 $860,304 0.07 $852,053
Santander Bank Auto Credit-Linked Notes, Series 2024-B G 12.231% 15-DEC-2032, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 830,448 $844,446 $844,446 0.06 $837,957
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $843,087 $843,087 0.06 $841,500
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 830,448 $842,979 $842,979 0.06 $838,267
Connecticut Avenue Securities Trust 2022-R07 1M2 8.7218% 25-JUN-2042, 8.72%, 06/25/42 CAS 2022-R07 20754MCB1 - - 783,000 $826,686 $826,686 0.06 $824,220
Hudson's Bay Simon JV Trust 2015-HBS C10 5.447% 05-AUG-2034, 5.45%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $810,798 $810,798 0.06 $805,989
Flagship Credit Auto Trust 2022-1 C 3.06% 15-MAR-2028, 3.06%, 03/15/28 FCAT 2022-1 33845VAE1 - - 806,298 $802,656 $802,656 0.06 $801,080
BXHPP Trust 2021-FILM A 4.723% 15-AUG-2036, 4.72%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $792,487 $792,487 0.06 $790,012
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $784,280 $784,280 0.06 $780,500
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 763,044 $774,820 $774,820 0.06 $770,457
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.39348% 25-OCT-2057, 8.42%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 725,766 $770,969 $770,969 0.06 $768,763
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 757,576 $761,008 $761,008 0.06 $758,440
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $759,274 $759,274 0.06 $755,939
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 757,576 $755,878 $755,878 0.06 $752,030
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 5.8718% 25-JUN-2047, 5.87%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 748,701 $749,910 $749,910 0.06 $748,293
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.8218% 25-JUN-2047, 6.82%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 727,309 $744,960 $744,960 0.06 $743,169
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 738,688 $739,038 $739,038 0.06 $737,624
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 $725,141 $725,141 0.05 $723,391
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $716,660 $716,660 0.05 $713,016
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $705,398 $705,398 0.05 $702,317
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $704,001 $704,001 0.05 $702,677
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $672,445 $672,445 0.05 $639,818
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 654,416 $663,198 $663,198 0.05 $660,118
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 642,672 $659,312 $659,312 0.05 $653,196
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 642,672 $655,712 $655,712 0.05 $651,049
Ally Bank Auto Credit-Linked Notes, Series 2025-A F 6.942% 15-JUN-2033, 6.94%, 06/15/33 ABCLN 2025-A 02007G5J8 - - 645,373 $652,300 $652,300 0.05 $649,437
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.6718% 25-DEC-2031, 7.67%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 621,033 $628,300 $628,300 0.05 $626,580
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 608,860 $617,484 $617,484 0.05 $613,526
Gracie Point International Funding, Series 2024-1 D 11.34671% 01-MAR-2028, 11.34%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $602,932 $602,932 0.05 $601,609
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 571,500 $572,163 $572,163 0.04 $571,143
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $566,958 $566,958 0.04 $565,336
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 7.34888% 20-SEP-2033, 7.35%, 09/20/33 HACLN 2025-2 44644NAR0 - - 545,479 $547,898 $547,898 0.04 $545,894
Mello Warehouse Securitization Trust 2024-1 F 9.179% 25-OCT-2057, 9.20%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $542,279 $542,279 0.04 $540,477
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $536,099 $536,099 0.04 $532,785
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.34888% 20-MAY-2032, 9.35%, 05/20/32 HACLN 2024-1 44644NAD1 - - 517,823 $534,338 $534,338 0.04 $531,917
TYSN 2023-CRNR Mortgage Trust A 6.579745% 10-DEC-2038, 6.80%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $529,118 $529,118 0.04 $525,624
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $522,815 $522,815 0.04 $520,211
New Economy Assets - Phase 1 Issuer, Series 2021-1 A1_2021_1 1.91% 20-OCT-2061, 1.91%, 10/20/61 USRE 2021-1 643821AA9 - - 615,000 $519,547 $519,547 0.04 $518,960
Connecticut Avenue Securities, Series 2021-R01 1M2 5.6218% 25-OCT-2041, 5.62%, 10/25/41 CAS 2021-R01 20754RAB2 - - 513,535 $516,214 $516,214 0.04 $515,171
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 $514,130 $514,130 0.04 $511,910
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 $513,599 $513,599 0.04 $511,567
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $513,310 $513,310 0.04 $511,247
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $512,503 $512,503 0.04 $510,539
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 494,857 $512,151 $512,151 0.04 $509,024
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $511,010 $511,010 0.04 $509,084
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $510,930 $510,930 0.04 $509,077
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $509,887 $509,887 0.04 $508,021
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $509,121 $509,121 0.04 $507,019
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 507,839 $508,833 $508,833 0.04 $507,074
WB Commercial Mortgage Trust 2024-HQ D 8.0108% 16-MAR-2040, 8.28%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $504,095 $504,095 0.04 $499,841
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $503,856 $503,856 0.04 $501,655
Gracie Point International Funding, Series 2024-1 C 7.69671% 01-MAR-2028, 7.69%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $501,334 $501,334 0.04 $500,587
Connecticut Avenue Securities Trust 2022-R07 1B2 16.0718% 25-JUN-2042, 16.07%, 06/25/42 CAS 2022-R07 20754MAL1 - - 432,557 $499,314 $499,314 0.04 $496,804
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $462,455 $462,455 0.04 $460,011
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 452,453 $459,158 $459,158 0.03 $457,466
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $426,830 $426,830 0.03 $424,803
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 412,951 $415,144 $415,144 0.03 $413,090
FHF Trust 2023-1 (First Help Financial) A2 6.57% 15-JUN-2028, 6.57%, 06/15/28 FHF 2023-1A 30331GAC5 - - 409,770 $413,466 $413,466 0.03 $411,746
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $410,637 $410,637 0.03 $408,907
Santander Bank Auto Credit-Linked Notes, Series 2023-B F 12.24% 15-DEC-2033, 12.24%, 12/15/33 SBCLN 2023-B 80290CCF9 - - 386,130 $404,229 $404,229 0.03 $401,210
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 388,463 $396,389 $396,389 0.03 $394,424
BAMLL Re-REMIC Trust 2024-FRR4 E 0.011205% 27-NOV-2048, 0.01%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $395,995 $395,995 0.03 $395,937
BAMLL Re-REMIC Trust 2024-FRR4 F 0.010514% 27-JAN-2026, 0.01%, 11/27/48 BAMLL 05493VAL8 - - 399,958 $395,349 $395,349 0.03 $395,345
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 $386,534 $386,534 0.03 $384,723
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.39348% 25-OCT-2057, 7.42%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 371,229 $386,076 $386,076 0.03 $385,081
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $370,994 $370,994 0.03 $368,999
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 359,589 $370,226 $370,226 0.03 $368,864
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $366,979 $366,979 0.03 $358,921
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 - - 396,295 $361,748 $361,748 0.03 $361,310
Connecticut Avenue Securities Trust 2023-R05 1B1 8.8218% 25-JUN-2043, 8.82%, 06/25/43 CAS 2023-R05 207942AC7 - - 310,000 $333,103 $333,103 0.03 $332,115
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $324,817 $324,817 0.02 $323,988
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $319,568 $319,568 0.02 $317,977
BX Commercial Mortgage Trust 2024-MF C 5.89986% 15-FEB-2039, 5.90%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $310,758 $310,758 0.02 $309,590
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 296,914 $308,096 $308,096 0.02 $305,678
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 $301,955 $301,955 0.02 $299,945
Compass Datacenters Issuer II, Series 2024-1 A1_2401 5.25% 25-FEB-2049, 5.25%, 02/25/49 CMPDC 2024-1A 20469AAA7 - - 300,000 $301,690 $301,690 0.02 $301,122
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $299,960 $299,960 0.02 $298,342
CSMC 2021-BHAR E 7.574% 15-NOV-2038, 7.57%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $297,272 $297,272 0.02 $295,820
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.6218% 25-FEB-2050, 5.62%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 291,358 $286,124 $286,124 0.02 $285,532
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 279,560 $283,610 $283,610 0.02 $282,369
Hudson's Bay Simon JV Trust 2015-HBS C7 5.159% 05-AUG-2034, 5.16%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 282,366 $280,771 $280,771 0.02 $279,273
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 263,426 $266,081 $266,081 0.02 $264,317
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 261,329 $262,361 $262,361 0.02 $261,561
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 257,420 $262,208 $262,208 0.02 $261,112
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 $256,045 $256,045 0.02 $254,804
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 $250,035 $250,035 0.02 $248,827
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $249,829 $249,829 0.02 $248,675
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 242,256 $243,518 $243,518 0.02 $242,390
BXHPP Trust 2021-FILM B 4.973% 15-AUG-2036, 4.97%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $236,094 $236,094 0.02 $235,300
Santander Bank Auto Credit-Linked Notes, Series 2024-B E 6.799% 15-DEC-2032, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 230,680 $233,048 $233,048 0.02 $232,046
Cyrusone Data Centers Issuer I, Series 2023-1 B_2301 5.45% 20-APR-2048, 5.45%, 04/20/48 CYRUS 2023-1A 23284BAC8 - - 218,055 $216,628 $216,628 0.02 $216,034
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 206,146 $206,653 $206,653 0.02 $206,262
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $205,304 $205,304 0.02 $203,902
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,803 $204,803 0.02 $203,592
Readycap Lending Small Business Loan Trust 2023-3 A 7.07% 25-APR-2048, 7.07%, 04/25/48 RCLT 75576AAA1 - - 202,296 $204,174 $204,174 0.02 $203,657
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 159,950 $164,195 $164,195 0.01 $163,653
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $159,133 $159,133 0.01 $158,916
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 190,357 $148,516 $148,516 0.01 $148,420
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 124,770 $128,651 $128,651 0.01 $127,350
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 119,311 $120,377 $120,377 0.01 $119,928
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $101,883 $101,883 0.01 $101,730
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $100,961 $100,961 0.01 $100,812
Ginnie Mae REMIC Trust 2005-065 FA 4.29552% 20-AUG-2035, 4.22%, 08/20/35 GNR 2005-65 38374LL25 - - 99,550 $98,374 $98,374 0.01 $98,164
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $93,746 $93,746 0.01 $93,596
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 - - 88,376 $89,518 $89,518 0.01 $89,096
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $72,593 $72,593 0.01 $72,468
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 69,390 $69,717 $69,717 0.01 $69,459
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 65,560 $65,656 $65,656 0.00 $65,532
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 - - 58,694 $59,975 $59,975 0.00 $59,768
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 53,259 $53,143 $53,143 0.00 $52,933
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.7218% 25-JAN-2034, 5.72%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 49,374 $49,611 $49,611 0.00 $49,509
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 48,000 $47,011 $47,011 0.00 $46,962
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 27,558 $27,783 $27,783 0.00 $27,719
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 21,612 $21,645 $21,645 0.00 $21,605
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 12,915 $13,020 $13,020 0.00 $12,937
US 10yr Ultra Fut Mar26 MAR 26 UXYH6 FUTURES_USD - -294.00 $-33,837,562 $0 0.00 $0
US 10YR NOTE (CBT)Mar26 MAR 26 TYH6 FUTURES_USD - -124.00 $-13,951,938 $0 0.00 $0
US 5YR NOTE (CBT) Mar26 MAR 26 FVH6 FUTURES_USD - 1,594 $174,119,594 $0 0.00 $0
US 2YR NOTE (CBT) Mar26 MAR 26 TUH6 FUTURES_USD - 1,949 $406,412,181 $0 0.00 $0
US ULTRA BOND CBT Mar26 MAR 26 WNH6 FUTURES_USD - -109.00 $-12,933,531 $0 0.00 $0
ESZ5 19Dec25 Call (AMERICAN PHYSICAL) 7175 ESZ5C ESZ5 INDEX $7,175.00 -89.00 $-30,608,212 $-4,005 0.00 $-4,005
ESZ5 19Dec25 Put (AMERICAN PHYSICAL) 6150 ESZ5P ESZ5 INDEX $6,150.00 -89.00 $30,608,212 $-10,235 0.00 $-10,235
UMBS TBA 30yr 2.5% January Delivery, 2.50%, 01/14/26 FNCL 01F022618 - - -189,990,000 $-160,768,398 $-160,768,398 -12.19 $-160,768,398
SEGREGATED CASH SEGCASH - $0.00 6,050,000 $6,050,000 $6,050,000 0.46 $6,050,000
US DOLLARS USD MD_142224 - - -332,247,513 $-332,247,513 $-332,247,513 -25.20 $-332,247,513
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,134,375 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,200,000 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,245,312 $0 0.00 $0
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,334,375 $0 0.00 $0
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,726,874 $-15,972 0.00 $-15,972
PGIM AAA CLO ETF 05/07/26 PAAA US 69344A834 $51.33 1,169,022 $59,924,068 $-75,986 -0.01 $-75,986
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,523,435 $-110,463 -0.01 $-110,463
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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