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 October 20, 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% November Delivery, 2.50%, 11/20/25 G2SF 21H0226B2 - - 136,700,000 $119,477,440 $119,477,440 9.51 $119,477,440
UMBS TBA 30yr 5.5% November Delivery, 5.50%, 11/13/25 FNCL 01F0526B3 - - 65,610,000 $66,415,691 $66,415,691 5.29 $66,415,691
UMBS TBA 30yr 6.5% November Delivery, 6.50%, 11/13/25 FNCL 01F0626B2 - - 60,613,000 $62,756,276 $62,756,276 5.00 $62,756,276
UMBS TBA 30yr 6% November Delivery, 6.00%, 11/13/25 FNCL 01F0606B6 - - 57,605,000 $58,959,294 $58,959,294 4.70 $58,959,294
Janus Henderson B-BBB CLO ETF JBBB US 47103U753 - - 827,925 $39,678,306 $39,678,306 3.16 $39,678,306
UMBS TBA 30yr 3.5% November Delivery, 3.50%, 11/13/25 FNCL 01F0326B5 - - 30,930,000 $28,693,947 $28,693,947 2.29 $28,693,947
UMBS TBA 30yr 4.5% November Delivery, 4.50%, 11/13/25 FNCL 01F0426B4 - - 25,880,000 $25,380,231 $25,380,231 2.03 $25,380,231
UMBS TBA 30yr 3% November Delivery, 3.00%, 11/13/25 FNCL 01F0306B9 - - 25,640,000 $22,886,854 $22,886,854 1.83 $22,886,854
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 6.00603% 25-FEB-2045, 6.01%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,939,981 $16,939,981 1.35 $16,867,043
CENT Trust 2025-CITY A 5.090927% 10-JUL-2040, 4.92%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,944,456 $12,944,456 1.03 $12,856,317
Fannie Mae REMIC Trust 2025-12 FC 5.45603% 25-MAR-2055, 5.46%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,875,977 $12,938,224 $12,938,224 1.03 $12,887,486
ALA Trust 2025-OANA A 5.77563% 15-JUN-2040, 5.78%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,098,538 $12,098,538 0.96 $12,086,935
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,896,209 $11,986,160 $11,986,160 0.95 $11,891,503
Freddie Mac Multiclass Certificates, Series 5544 FC 5.35603% 25-JUN-2055, 5.36%, 06/25/55 FHR 5544 3137HLNP3 - - 11,744,594 $11,816,625 $11,816,625 0.94 $11,771,194
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 11,100,948 $11,334,039 $11,334,039 0.90 $11,248,315
BX Commercial Mortgage Trust 2024-XL4 A 5.4742% 15-FEB-2039, 5.47%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,623,836 $10,623,836 0.84 $10,614,153
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,305,672 $10,305,672 0.82 $10,294,868
WB Commercial Mortgage Trust 2024-HQ A 5.9365% 16-MAR-2040, 6.13%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,090,699 $10,090,699 0.80 $10,005,499
BX Trust 2025-VLT7 E 7.78217% 15-JUL-2044, 7.78%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $10,048,876 $10,048,876 0.80 $10,035,950
BX Trust 2024-FNX A 5.47447% 15-NOV-2041, 5.47%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,908,035 $9,908,035 0.79 $9,899,009
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 9,365,670 $9,461,944 $9,461,944 0.75 $9,389,086
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,622,212 $8,622,212 0.69 $8,604,333
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,381,323 $8,381,323 0.67 $8,343,193
PMT Loan Trust 2025-J3|5.6932|11/27/2056, 5.69%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 8,028,000 $8,023,797 $8,023,797 0.64 $8,023,797
Radian Mortgage Capital Trust 2025-J4|5.849|03/25/2056, 5.85%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 8,017,000 $8,020,872 $8,020,872 0.64 $8,016,965
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $8,019,770 $8,019,770 0.64 $7,979,147
OBX 2025-J3 Trust|5.80757|10/25/2055, 5.81%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,972,000 $8,005,214 $8,005,214 0.64 $7,971,777
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 7,650,000 $7,722,113 $7,722,113 0.61 $7,691,859
Connecticut Avenue Securities Trust 2025-R01 1M1 5.45603% 25-JAN-2045, 5.46%, 01/25/45 CAS 2025-R01 20755JAB9 - - 7,598,386 $7,636,145 $7,636,145 0.61 $7,606,204
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,549,665 $7,549,665 0.60 $7,542,665
Extended Stay America Trust 2025-ESH B 5.75% 15-OCT-2042, 5.75%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,520,472 $7,520,472 0.60 $7,519,274
HILT 2025-NVIL A 5.77517% 15-JUL-2042, 5.78%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,434,718 $7,434,718 0.59 $7,427,595
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,294,423 $7,294,423 0.58 $7,265,626
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $6,992,424 $6,992,424 0.56 $6,969,718
BLP Commercial Mortgage Trust 2024-IND2 A 5.37432% 15-MAR-2041, 5.37%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,907,463 $6,912,121 $6,912,121 0.55 $6,905,934
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,898,995 $6,898,995 0.55 $6,892,431
KRE Commercial Mortgage Trust 2025-AIP4 A 5.33217% 15-MAR-2042, 5.33%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,892,312 $6,892,312 0.55 $6,886,179
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.85603% 25-OCT-2041, 11.86%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,677,182 $6,677,182 0.53 $6,579,396
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.60603% 25-SEP-2041, 10.61%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 6,288,000 $6,560,315 $6,560,315 0.52 $6,512,149
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.52239% 25-OCT-2057, 6.52%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,298,945 $6,507,607 $6,507,607 0.52 $6,477,935
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,486,897 $6,486,897 0.52 $6,481,436
Connecticut Avenue Securities, Series 2021-R03 1M2 6.00603% 25-DEC-2041, 6.01%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,283,331 $6,283,331 0.50 $6,256,352
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 6,000,000 $6,157,777 $6,157,777 0.49 $6,134,208
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,249,192 $6,144,910 $6,144,910 0.49 $6,110,193
HPEFS Equipment Trust 2025-2|4.77|05/20/2033, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $6,007,590 $6,007,590 0.48 $6,006,795
BX Trust 2025-TAIL D 6.48217% 15-JUN-2035, 6.48%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,004,338 $6,004,338 0.48 $5,997,856
FHLMC STACR REMIC TR 2025-DNA3 M1, 5.47%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 5,963,000 $6,001,632 $6,001,632 0.48 $5,969,918
BX Trust 2024-CNYN D 6.72226% 15-APR-2041, 6.72%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,942,296 $5,942,326 $5,942,326 0.47 $5,935,668
FS Commercial Mortgage Trust 2023-4SZN D 9.382749% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,935,655 $5,935,655 0.47 $5,906,650
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 6,014,405 $5,880,397 $5,880,397 0.47 $5,845,730
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,532,626 $5,643,859 $5,643,859 0.45 $5,617,706
PRPM 2025-RCF5 LLC|5.31|10/25/2055, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,548,450 $5,548,450 0.44 $5,507,887
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.85603% 25-MAY-2045, 5.86%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,533,268 $5,533,268 0.44 $5,509,960
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,423,546 $5,423,546 0.43 $5,418,160
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,350,832 $5,412,228 $5,412,228 0.43 $5,371,465
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 6.15603% 25-NOV-2041, 6.16%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,343,184 $5,343,184 0.42 $5,319,734
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 5,194,761 $5,322,940 $5,322,940 0.42 $5,281,014
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.86%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,193,429 $5,193,429 0.41 $5,171,571
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,192,003 $5,192,003 0.41 $5,164,214
Chase Auto Credit Linked Notes, Series 2025-1 E 6.024% 25-JUN-2033, 6.02%, 02/25/33 CACLN 2025-1 46591HCV0 - - 5,171,104 $5,171,338 $5,171,338 0.41 $5,148,841
BX Commercial Mortgage Trust 2021-VOLT E 6.147% 15-SEP-2036, 6.15%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,166,760 $5,159,239 $5,159,239 0.41 $5,153,946
Connecticut Avenue Securities Trust 2022-R01 1B2 10.35603% 25-DEC-2041, 10.36%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 4,900,000 $5,154,079 $5,154,079 0.41 $5,117,430
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 12.15603% 25-NOV-2041, 12.16%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,129,003 $5,129,003 0.41 $5,086,862
Atlas Warehouse Lending Company, L.P. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 4,854,000 $5,086,688 $5,086,688 0.40 $5,005,788
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $5,082,324 $5,082,324 0.40 $5,061,538
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 5,018,422 $5,065,990 $5,065,990 0.40 $5,042,911
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 5,000,000 $5,043,539 $5,043,539 0.40 $5,009,039
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - - 5,000,000 $5,034,465 $5,034,465 0.40 $5,009,884
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.50603% 25-FEB-2045, 5.51%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 5,001,470 $5,027,304 $5,027,304 0.40 $5,007,415
Saluda Grade Alternative Mortgage Trust 2025-LOC5|5.92649|10/25/2055, 5.93%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,011,100 $5,011,100 0.40 $5,000,399
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $4,964,992 $4,964,992 0.39 $4,960,750
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 $4,951,221 $4,951,221 0.39 $4,935,247
Fannie Mae REMIC Trust 2025-9 FA 5.55603% 25-MAR-2055, 5.56%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,905,614 $4,934,867 $4,934,867 0.39 $4,915,182
SCG Commercial Mortgage Trust 2025-DLFN E 6.98217% 15-MAR-2035, 6.98%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,879,080 $4,879,080 0.39 $4,873,374
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 4,755,184 $4,836,674 $4,836,674 0.38 $4,800,350
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,600,000 $4,782,055 $4,782,055 0.38 $4,719,691
BX Commercial Mortgage Trust 2024-MF D 6.72199% 15-FEB-2039, 6.72%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,747,884 $4,747,884 0.38 $4,742,577
BX Commercial Mortgage Trust 2024-BIO2 D 7.71271% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,720,168 $4,720,168 0.38 $4,700,021
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,705,840 $4,705,840 0.37 $4,675,840
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.77239% 25-OCT-2057, 6.77%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,550,243 $4,700,817 $4,700,817 0.37 $4,678,561
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,563,423 $4,635,333 $4,635,333 0.37 $4,610,951
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,611,286 $4,611,286 0.37 $4,591,789
SMRT Commercial Mortgage Trust 2022-MINI D 5.98217% 15-JAN-2039, 5.98%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 4,610,000 $4,610,851 $4,610,851 0.37 $4,582,816
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,560,409 $4,599,745 $4,599,745 0.37 $4,563,173
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 8.0% 25-APR-2029, 8.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 4,567,097 $4,593,995 $4,593,995 0.37 $4,543,249
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 $4,547,282 $4,547,282 0.36 $4,544,522
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $4,524,182 $4,524,182 0.36 $4,458,390
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,504,090 $4,504,090 0.36 $4,498,502
NRTH Commercial Mortgage Trust 2025-PARK B 5.79292% 15-OCT-2040, 5.79%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,497,655 $4,497,655 0.36 $4,493,310
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,375,770 $4,464,645 $4,464,645 0.35 $4,430,083
Great Wolf Trust 2024-WOLF D 6.92217% 15-MAR-2039, 6.92%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 4,425,000 $4,448,755 $4,448,755 0.35 $4,443,649
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,378,699 $4,429,547 $4,429,547 0.35 $4,396,299
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 $4,425,512 $4,425,512 0.35 $4,408,233
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 $4,372,719 $4,372,719 0.35 $4,368,148
TOWD POINT MORTGAGE TRUS 5.98666% 65, 6.01%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,320,024 $4,320,024 0.34 $4,301,628
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 4,120,423 $4,306,713 $4,306,713 0.34 $4,268,267
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 $4,297,596 $4,297,596 0.34 $4,272,600
MTN Commercial Mortgage Trust 2022-LPFL A 5.4369% 15-MAR-2039, 5.44%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,237,416 $4,237,416 0.34 $4,233,574
IRV Trust 2025-200P C 5.73037% 14-MAR-2047, 5.73%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,219,956 $4,219,956 0.34 $4,206,585
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 4,146,298 $4,208,402 $4,208,402 0.33 $4,173,741
BX Trust 2024-VLT4 E 6.921574% 15-JUN-2041, 6.92%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,153,403 $4,153,403 0.33 $4,148,619
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.45603% 25-SEP-2041, 6.46%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 4,100,848 $4,151,918 $4,151,918 0.33 $4,132,797
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,115,576 $4,115,576 0.33 $4,111,900
BX Trust 2024-BRBK A 6.91181% 15-OCT-2041, 6.91%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,019,684 $4,019,684 0.32 $4,015,085
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,898,958 $3,980,430 $3,980,430 0.32 $3,949,812
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,940,000 $3,972,756 $3,972,756 0.32 $3,945,411
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 4,057,488 $3,952,712 $3,952,712 0.31 $3,948,795
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.35603% 25-DEC-2041, 11.36%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 3,719,000 $3,950,171 $3,950,171 0.31 $3,919,669
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,900,050 $3,935,953 $3,935,953 0.31 $3,911,852
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.56%, 05/25/45 CAS 2025-R04 20755TAB7 - - 3,837,080 $3,860,086 $3,860,086 0.31 $3,844,689
BX Trust 2025-LUNR D 6.53217% 15-JUN-2040, 6.53%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,822,340 $3,832,755 $3,832,755 0.30 $3,828,594
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,804,709 $3,804,709 0.30 $3,789,067
FREMF 2023-K511 Mortgage Trust C 5.634583% 25-NOV-2028, 5.82%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,791,848 $3,791,848 0.30 $3,759,501
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 $3,780,049 $3,780,049 0.30 $3,741,283
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,760,050 $3,760,050 0.30 $3,742,794
BMP Commercial Mortgage Trust 2024-MF23 D 6.42266% 15-JUN-2041, 6.42%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,754,613 $3,754,613 0.30 $3,750,599
BX Trust 2021-MFM1 E 6.397% 15-JAN-2034, 6.40%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 3,733,520 $3,735,148 $3,735,148 0.30 $3,731,168
Extended Stay America Trust 2025-ESH D 6.75% 15-OCT-2042, 6.75%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,691,471 $3,691,471 0.29 $3,690,782
Extended Stay America Trust 2025-ESH E 7.5% 15-OCT-2042, 7.50%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,688,250 $3,688,250 0.29 $3,687,484
Bayview Opportunity Master Fund VII 2025-EDU1 C 6.133% 25-JUL-2048, 6.13%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,675,000 $3,688,135 $3,688,135 0.29 $3,674,986
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,647,451 $3,647,451 0.29 $3,633,827
BX Commercial Mortgage Trust 2024-XL5 D 6.72197% 15-MAR-2041, 6.72%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,593,002 $3,598,880 $3,598,880 0.29 $3,594,855
DROP Mortgage Trust 2021-FILE A 5.297% 15-OCT-2043, 5.30%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,557,969 $3,557,969 0.28 $3,554,747
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 3,533,000 $3,553,158 $3,553,158 0.28 $3,549,808
SCG Trust 2025-SNIP D 6.63217% 15-SEP-2042, 6.63%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,520,652 $3,520,652 0.28 $3,504,129
Affirm Master Trust Series 2025-3 B 4.75% 15-OCT-2034, 4.75%, 10/16/34 AFRMT 2025-3A 00833BAP3 - - 3,500,000 $3,511,183 $3,511,183 0.28 $3,498,253
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,434,628 $3,501,743 $3,501,743 0.28 $3,488,050
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,442,191 $3,500,337 $3,500,337 0.28 $3,473,167
Connecticut Avenue Securities Trust 2024-R05 2M1 5.35603% 25-JUL-2044, 5.36%, 07/25/44 CAS 2024-R05 20754XAB9 - - 3,458,357 $3,471,828 $3,471,828 0.28 $3,458,450
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,303,555 $3,452,334 $3,452,334 0.27 $3,419,909
Taco Bell Funding Series 2025-1 A2I 4.821% 25-AUG-2055, 4.82%, 08/25/55 BELL 2025-1A 87342RAK0 - - 3,425,000 $3,450,700 $3,450,700 0.27 $3,438,317
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,419,587 $3,419,587 0.27 $3,398,598
CSMC 2021-BHAR C 6.147% 15-NOV-2038, 6.15%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,410,589 $3,410,589 0.27 $3,407,059
BX Trust 2021-ARIA D 6.0424% 15-OCT-2036, 6.04%, 10/15/36 BX 2021-ARIA 05608RAJ4 - - 3,300,000 $3,295,507 $3,295,507 0.26 $3,292,184
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,289,102 $3,289,102 0.26 $3,275,021
Santander Bank Auto Credit-Linked Notes, Series 2024-A E 7.762% 15-JUN-2032, 7.76%, 06/15/32 SBCLN 2024-A 80290CCM4 - - 3,244,745 $3,285,039 $3,285,039 0.26 $3,280,841
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,195,179 $3,232,040 $3,232,040 0.26 $3,203,332
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,221,892 $3,221,892 0.26 $3,211,738
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,214,807 $3,214,807 0.26 $3,211,232
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 $3,205,480 $3,205,480 0.25 $3,190,175
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,157,689 $3,157,689 0.25 $3,143,918
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,152,303 $3,152,303 0.25 $3,148,401
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,145,292 $3,145,292 0.25 $3,120,322
Kioxia Holdings Corporation 6.625% 24-JUL-2033, 6.62%, 07/24/33 KIOXIA 49726JAB4 - - 3,000,000 $3,140,653 $3,140,653 0.25 $3,092,622
BX Trust 2024-BIO C 6.67217% 15-FEB-2041, 6.67%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,097,319 $3,097,319 0.25 $3,093,864
Wells Fargo Commercial Mortgage Trust 2024-MGP C11 7.12132% 15-AUG-2041, 7.12%, 08/15/41 WFCM 2024-MGP 95003TAE3 - - 3,100,000 $3,097,300 $3,097,300 0.25 $3,093,621
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,094,589 $3,094,589 0.25 $3,078,803
BX Trust 2021-ARIA F 6.7405% 15-OCT-2036, 6.74%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,093,056 $3,093,056 0.25 $3,071,939
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,090,718 $3,090,718 0.25 $3,085,870
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,088,658 $3,088,658 0.25 $3,073,509
Connecticut Avenue Securities, Series 2021-R01 1B1 7.45603% 25-OCT-2041, 7.46%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,072,541 $3,072,541 0.24 $3,056,386
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 $3,055,906 $3,055,906 0.24 $3,043,512
Switch ABS Issuer LLC|5.365|10/25/2055, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,019,487 $3,019,487 0.24 $3,017,252
Sierra Timeshare 2025-3 Receivables Funding LLC|4.98|08/22/2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 3,000,000 $3,017,506 $3,017,506 0.24 $3,015,016
BFLD Commercial Mortgage Trust 2025-5MW C 5.45123% 10-OCT-2042, 5.45%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,015,513 $3,015,513 0.24 $3,006,427
CarMax Select Receivables Trust 2025-B D 5.33% 15-JUL-2031, 5.33%, 07/15/31 CMXS 2025-B 14320BAF6 - - 3,000,000 $3,015,260 $3,015,260 0.24 $3,012,595
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,965,522 $3,013,900 $3,013,900 0.24 $2,990,822
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,960,188 $3,007,970 $3,007,970 0.24 $2,985,400
Galaxy XXVI CLO Ltd., 6.99%, 07/31/26 GLXYT 2025-1 362922AA4 - - 2,980,791 $3,007,142 $3,007,142 0.24 $2,996,727
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 $2,996,401 $2,996,401 0.24 $2,966,007
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $2,987,459 $2,987,459 0.24 $2,982,445
BXP Trust 2017-GM E 3.4248% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,943,180 $2,943,180 0.23 $2,937,320
SWCH Commercial Mortgage Trust 2025-DATA E 7.37239% 15-FEB-2042, 7.37%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,933,597 $2,933,597 0.23 $2,929,972
Santander Bank Auto Credit-Linked Notes, Series 2024-A F 10.171% 15-JUN-2032, 10.17%, 06/15/32 SBCLN 2024-A 80290CCN2 - - 2,846,892 $2,912,481 $2,912,481 0.23 $2,907,655
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,893,789 $2,893,789 0.23 $2,891,219
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 $2,882,322 $2,882,322 0.23 $2,879,616
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,842,147 $2,868,763 $2,868,763 0.23 $2,858,253
SCG Commercial Mortgage Trust 2025-FLWR E 6.78217% 15-AUG-2042, 6.78%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,868,117 $2,868,117 0.23 $2,864,876
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,847,162 $2,847,162 0.23 $2,837,834
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,781,330 $2,840,698 $2,840,698 0.23 $2,828,186
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,830,127 $2,830,127 0.22 $2,826,599
Wells Fargo Commercial Mortgage Trust 2025-VTT D 6.382032% 15-MAR-2038, 6.18%, 03/15/38 WFCM 2025-VTT 94990GAG4 - - 2,776,000 $2,807,963 $2,807,963 0.22 $2,784,151
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,714,176 $2,761,425 $2,761,425 0.22 $2,739,598
BX Trust 2025-ROIC E 6.97346% 15-FEB-2042, 6.97%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,747,873 $2,747,873 0.22 $2,744,653
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,796,518 $2,732,184 $2,732,184 0.22 $2,725,115
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,790,008 $2,713,905 $2,713,905 0.22 $2,706,852
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 $2,711,135 $2,711,135 0.22 $2,697,406
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,686,732 $2,710,858 $2,710,858 0.22 $2,691,610
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,704,765 $2,704,765 0.21 $2,701,886
MHC Commercial Mortgage Trust 2021-MHC F 6.748442% 15-APR-2038, 6.75%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,677,875 $2,677,875 0.21 $2,659,665
Connecticut Avenue Securities Trust 2024-R06 1M2 5.95603% 25-SEP-2044, 5.96%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,662,443 $2,662,443 0.21 $2,651,055
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.63881% 20-MAR-2033, 6.43%, 03/21/33 HACLN 2025-1 446438SZ7 - - 2,618,167 $2,650,933 $2,650,933 0.21 $2,636,462
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,752,500 $2,571,142 $2,571,142 0.20 $2,536,845
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,561,656 $2,561,656 0.20 $2,548,072
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,558,087 $2,558,087 0.20 $2,543,151
Sandstone Peak III C 6.96846% 25-APR-2037, 6.97%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,556,106 $2,556,106 0.20 $2,513,521
WB Commercial Mortgage Trust 2024-HQ C 6.90331% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,554,263 $2,554,263 0.20 $2,530,294
Wells Fargo Commercial Mortgage Trust 2024-1CHI C 6.22623% 15-JUL-2035, 6.23%, 07/15/35 WFCM 2024-1CHI 95003PAE1 - - 2,500,000 $2,549,850 $2,549,850 0.20 $2,528,231
Zais CLO 11 BR 6.11549% 20-JAN-2032, 6.12%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,547,076 $2,547,076 0.20 $2,508,035
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,505,426 $2,545,939 $2,545,939 0.20 $2,527,670
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,534,893 $2,534,893 0.20 $2,532,643
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,526,279 $2,526,279 0.20 $2,523,121
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 $2,523,180 $2,523,180 0.20 $2,521,336
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,500,000 $2,522,786 $2,522,786 0.20 $2,504,538
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.45603% 25-JAN-2042, 11.46%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,510,624 $2,510,624 0.20 $2,491,180
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,500,000 $2,509,166 $2,509,166 0.20 $2,506,428
MTN Commercial Mortgage Trust 2022-LPFL B 5.9356% 15-MAR-2039, 5.94%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,508,037 $2,508,037 0.20 $2,505,564
RCKTL 2025-2|4.95|11/25/2034, 4.95%, 11/25/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,499,885 $2,499,885 0.20 $2,499,541
BX Commercial Mortgage Trust 2024-AIR2 D 6.82245% 15-OCT-2041, 6.82%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,496,406 $2,496,406 0.20 $2,493,575
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,487,798 $2,487,798 0.20 $2,474,743
280 Park Avenue 2017-280P Mortgage Trust B 5.598% 15-SEP-2034, 5.60%, 09/15/34 PRK 2017-280P 90205FAG5 - - 2,500,000 $2,487,201 $2,487,201 0.20 $2,473,206
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 $2,478,319 $2,478,319 0.20 $2,469,999
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 $2,466,332 $2,466,332 0.20 $2,463,919
PRET 2025-RPL5 Trust|4.15|01/25/2070, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,475,000 $2,436,188 $2,436,188 0.19 $2,428,200
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 8.10603% 25-FEB-2042, 8.11%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 2,340,071 $2,433,731 $2,433,731 0.19 $2,420,031
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,429,941 $2,429,941 0.19 $2,423,128
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 $2,426,334 $2,426,334 0.19 $2,424,118
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,400,000 $2,422,326 $2,422,326 0.19 $2,404,396
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 $2,417,375 $2,417,375 0.19 $2,414,547
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M2 6.15603% 25-AUG-2044, 6.16%, 08/25/44 STACR 2024-HQA2 35564NEC3 - - 2,373,032 $2,397,769 $2,397,769 0.19 $2,387,218
Connecticut Avenue Securities Trust 2025-R06|5.30603|09/25/2045, 5.31%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,395,000 $2,397,250 $2,397,250 0.19 $2,395,132
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,380,825 $2,380,825 0.19 $2,378,186
PRM7 Trust 2025-PRM7 E 6.839055% 10-NOV-2042, 6.84%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,369,145 $2,369,145 0.19 $2,360,083
ALA Trust 2025-OANA D 7.12372% 15-JUN-2040, 7.12%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,341,641 $2,341,641 0.19 $2,338,872
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,333,788 $2,333,788 0.19 $2,322,077
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.7652% 15-NOV-2036, 6.76%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,332,624 $2,332,624 0.19 $2,329,993
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,283,874 $2,328,816 $2,328,816 0.19 $2,310,174
Chase Auto Credit Linked Notes, Series 2025-1 F 6.996% 25-JUN-2033, 7.00%, 02/25/33 CACLN 2025-1 46591HCW8 - - 2,284,057 $2,328,529 $2,328,529 0.19 $2,316,988
Connecticut Avenue Securities, Series 2021-R03 1B1 7.10603% 25-DEC-2041, 7.11%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,300,200 $2,300,200 0.18 $2,288,652
BXP Trust 2017-GM D 3.4248% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,234,343 $2,234,343 0.18 $2,229,948
GS Mortgage-Backed Securities Trust 2025-RPL3 A1 4.1% 25-JUL-2065, 4.10%, 07/25/65 GSMBS 2025-RPL3 362963AA8 - - 2,259,351 $2,226,803 $2,226,803 0.18 $2,213,873
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 $2,226,121 $2,226,121 0.18 $2,224,163
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,258,792 $2,195,852 $2,195,852 0.17 $2,185,656
BX Commercial Mortgage Trust 2024-GPA3 C 5.92398% 15-DEC-2039, 5.92%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,171,365 $2,171,365 0.17 $2,169,227
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,206,635 $2,164,252 $2,164,252 0.17 $2,158,674
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 - - 2,131,122 $2,163,052 $2,163,052 0.17 $2,152,602
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 $2,144,690 $2,144,690 0.17 $2,139,589
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.854433% 27-SEP-2052, 0.95%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,139,803 $2,139,803 0.17 $2,136,639
GS Mortgage Backed Securities Trust 2025 CES2|5.18|09/25/2055, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 2,114,000 $2,137,999 $2,137,999 0.17 $2,122,790
TOWD POINT MORTGAGE TRUST 6.125% 65, 5.67%, 08/25/65 TPMT 2025-CES3 891949AC3 - - 2,060,000 $2,086,084 $2,086,084 0.17 $2,069,870
OPEN Trust 2023-AIR B 7.870167% 15-NOV-2040, 7.87%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 2,080,000 $2,082,634 $2,082,634 0.17 $2,079,905
CONE Trust 2024-DFW1 A 5.6739% 15-AUG-2041, 5.67%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,080,000 $2,080,089 $2,080,089 0.17 $2,078,122
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 2,055,000 $2,071,612 $2,071,612 0.16 $2,057,926
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.70603% 25-SEP-2041, 7.71%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,046,039 $2,046,039 0.16 $2,034,919
LIFE 2022-BMR2 Mortgage Trust C 6.12529% 15-MAY-2039, 6.13%, 05/15/39 LIFE 2022-BMR2 53218DAG3 - - 2,250,000 $2,045,967 $2,045,967 0.16 $2,043,670
MKT 2020-525M Mortgage Trust D 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,044,473 $2,044,473 0.16 $2,034,058
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,041,240 $2,041,240 0.16 $2,038,880
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,032,143 $2,032,143 0.16 $2,030,146
PRPM 2025-RCF5 LLC|5.46|10/25/2055, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,018,037 $2,018,037 0.16 $2,002,870
GWT Commercial Mortgage Trust 2024-WLF2 E 7.6706% 15-MAY-2041, 7.67%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 2,000,000 $2,016,523 $2,016,523 0.16 $2,013,966
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $2,007,714 $2,007,714 0.16 $2,000,854
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,965,665 $1,989,416 $1,989,416 0.16 $1,973,830
SMRT Commercial Mortgage Trust 2022-MINI F 7.38217% 15-JAN-2039, 7.38%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $1,986,160 $1,986,160 0.16 $1,971,011
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 1,970,000 $1,982,996 $1,982,996 0.16 $1,966,985
LIFE 2022-BMR2 Mortgage Trust D 6.57408% 15-MAY-2039, 6.57%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $1,966,165 $1,966,165 0.16 $1,963,738
BX Trust 2022-FOX2 D 6.14314% 15-APR-2039, 6.14%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 1,942,500 $1,935,994 $1,935,994 0.15 $1,934,005
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,846,613 $1,925,313 $1,925,313 0.15 $1,915,631
BX Commercial Mortgage Trust 2024-AIR2 C 6.27324% 15-OCT-2041, 6.27%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,923,357 $1,923,357 0.15 $1,921,351
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,906,572 $1,906,572 0.15 $1,893,713
Lennar Corporation Class A LEN US 526057104 - - 14,999 $1,895,124 $1,895,124 0.15 $1,887,624
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,884,474 $1,884,474 0.15 $1,880,776
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,848,852 $1,882,958 $1,882,958 0.15 $1,868,147
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,836,829 $1,877,664 $1,877,664 0.15 $1,860,819
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,847,233 $1,876,714 $1,876,714 0.15 $1,861,551
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,847,233 $1,876,373 $1,876,373 0.15 $1,861,724
BX Trust 2024-BRBK B 7.95877% 15-OCT-2041, 7.96%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,862,459 $1,862,459 0.15 $1,847,558
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 $1,825,720 $1,825,720 0.15 $1,809,403
BX Trust 2021-BXMF G 7.496513% 15-OCT-2038, 7.50%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,815,602 $1,815,602 0.14 $1,800,397
Exeter Select Automobile Receivables Trust 2025-3|5.54|05/17/2032, 5.54%, 05/17/32 ESART 2025-3 30185FAF7 - - 1,800,000 $1,802,977 $1,802,977 0.14 $1,802,700
BXHPP Trust 2021-FILM C 5.247% 15-AUG-2036, 5.25%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,787,720 $1,787,720 0.14 $1,786,015
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,784,148 $1,784,148 0.14 $1,771,533
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,771,076 $1,771,076 0.14 $1,769,518
Wells Fargo Commercial Mortgage Trust 2025-VTT E 7.13745% 15-MAR-2038, 6.91%, 03/15/38 WFCM 2025-VTT 94990GAJ8 - - 1,735,000 $1,764,991 $1,764,991 0.14 $1,748,347
Carmax Auto Owner Trust 2025-4|5.11|05/17/2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,755,176 $1,755,176 0.14 $1,754,927
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,750,219 $1,750,219 0.14 $1,743,369
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.98881% 20-OCT-2032, 6.78%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 1,716,877 $1,746,764 $1,746,764 0.14 $1,736,682
Gracie Point International Funding, Series 2024-1 B 6.45559% 01-MAR-2028, 6.46%, 03/01/28 GPIF 2024-1A 38410KAB5 - - 1,724,000 $1,741,548 $1,741,548 0.14 $1,726,400
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 $1,676,144 $1,676,144 0.13 $1,658,464
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,672,861 $1,674,306 $1,674,306 0.13 $1,668,265
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,647,294 $1,673,557 $1,673,557 0.13 $1,660,651
UMBS TBA 30yr 4% November Delivery, 4.00%, 11/13/25 FNCL 01F0406B8 - - 1,738,000 $1,661,043 $1,661,043 0.13 $1,661,043
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,660,288 $1,660,288 0.13 $1,658,668
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,615,856 $1,642,443 $1,642,443 0.13 $1,630,306
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.70603% 25-DEC-2041, 6.71%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,628,708 $1,628,708 0.13 $1,620,959
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,556,583 $1,618,652 $1,618,652 0.13 $1,607,803
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,610,969 $1,610,969 0.13 $1,607,042
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,596,541 $1,596,541 0.13 $1,584,673
BX Commercial Mortgage Trust 2024-WPT D 6.72187% 15-APR-2041, 6.72%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,584,862 $1,584,862 0.13 $1,583,091
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,566,332 $1,583,033 $1,583,033 0.13 $1,571,834
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,553,643 $1,567,012 $1,567,012 0.12 $1,556,568
ExteNet Issuer, Series 2024-1 C_241 8.484375% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,554,938 $1,554,938 0.12 $1,545,134
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,521,577 $1,542,643 $1,542,643 0.12 $1,530,791
TSC SPV Funding, Series 2024-1 (Tropical Smoothie Cafe) A2 6.291% 20-AUG-2054, 6.29%, 08/20/54 TROP 2024-1A 898912AA8 - - 1,488,750 $1,531,095 $1,531,095 0.12 $1,515,226
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 $1,526,397 $1,526,397 0.12 $1,524,679
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 $1,520,628 $1,520,628 0.12 $1,518,968
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,520,057 $1,520,057 0.12 $1,518,817
Ally Bank Auto Credit-Linked Notes, Series 2025-A E 6.066% 15-JUN-2033, 6.07%, 06/15/33 ABCLN 2025-A 02007G5H2 - - 1,522,510 $1,518,587 $1,518,587 0.12 $1,517,048
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 $1,512,524 $1,512,524 0.12 $1,501,889
DC Trust 2024-HLTN C 7.036% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,511,462 $1,511,462 0.12 $1,505,599
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 $1,509,481 $1,509,481 0.12 $1,506,245
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 $1,506,668 $1,506,668 0.12 $1,504,998
BX Trust 2021-ARIA E 6.3915% 15-OCT-2036, 6.39%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,504,449 $1,504,449 0.12 $1,494,715
JW Commercial Mortgage Trust 2024-MRCO C 6.42222% 15-JUN-2039, 6.42%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,503,377 $1,503,377 0.12 $1,501,772
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,465,984 $1,488,820 $1,488,820 0.12 $1,477,666
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.53881% 20-MAY-2032, 7.33%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,453,363 $1,485,023 $1,485,023 0.12 $1,475,783
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 $1,481,264 $1,481,264 0.12 $1,463,778
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,474,829 $1,474,829 0.12 $1,468,655
LIFE 2021-BMR Mortgage Trust F 6.497% 15-MAR-2038, 6.50%, 03/15/38 LIFE 2021-BMR 53218CAL4 - - 1,484,000 $1,469,656 $1,469,656 0.12 $1,468,049
FIGRE Trust 2025-HE6|5.245|09/25/2055, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 1,454,000 $1,458,649 $1,458,649 0.12 $1,453,988
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,450,484 $1,450,484 0.12 $1,444,186
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,441,749 $1,441,749 0.11 $1,441,749
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,431,542 $1,431,542 0.11 $1,423,076
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 $1,407,417 $1,407,417 0.11 $1,406,181
Santander Bank Auto Credit-Linked Notes, Series 2023-B E 8.408% 15-DEC-2033, 8.41%, 12/15/33 SBCLN 2023-B 80290CCE2 - - 1,356,408 $1,381,446 $1,381,446 0.11 $1,379,545
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,342,243 $1,380,072 $1,380,072 0.11 $1,373,215
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 - - 1,585,551 $1,359,835 $1,359,835 0.11 $1,359,388
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,338,737 $1,352,931 $1,352,931 0.11 $1,343,172
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,345,498 $1,345,498 0.11 $1,345,473
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,310,531 $1,336,416 $1,336,416 0.11 $1,326,401
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,335,176 $1,335,176 0.11 $1,304,073
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,225,223 $1,298,265 $1,298,265 0.10 $1,296,605
FIGRE Trust 2025-HE6|5.144|09/25/2055, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 1,281,000 $1,284,992 $1,284,992 0.10 $1,280,965
Ally Bank Auto Credit-Linked Notes, Series 2024-B E 6.678% 15-SEP-2032, 6.68%, 09/15/32 ABCLN 2024-B 02007G4F7 - - 1,262,337 $1,268,215 $1,268,215 0.10 $1,266,810
Great Wolf Trust 2024-WOLF C 6.42317% 15-MAR-2039, 6.42%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,264,458 $1,264,458 0.10 $1,263,109
COMM 2024-WCL1 Mortgage Trust D 7.322% 17-JUN-2041, 7.32%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 1,250,000 $1,254,653 $1,254,653 0.10 $1,253,128
COMM 2024-WCL1 Mortgage Trust C 6.922% 17-JUN-2041, 6.92%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,252,171 $1,252,171 0.10 $1,250,729
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,234,178 $1,250,042 $1,250,042 0.10 $1,240,535
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 $1,225,803 $1,225,803 0.10 $1,224,515
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,290,631 $1,222,747 $1,222,747 0.10 $1,217,369
Ally Bank Auto Credit-Linked Notes, Series 2024-B F 8.036% 15-SEP-2032, 8.04%, 09/15/32 ABCLN 2024-B 02007G4G5 - - 1,199,220 $1,217,837 $1,217,837 0.10 $1,216,231
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 $1,217,315 $1,217,315 0.10 $1,216,063
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,197,992 $1,197,992 0.10 $1,190,442
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 $1,189,138 $1,189,138 0.09 $1,187,438
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.88881% 20-MAR-2033, 7.68%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,172,108 $1,179,548 $1,179,548 0.09 $1,172,106
MTN Commercial Mortgage Trust 2022-LPFL D 6.9828% 15-MAR-2039, 6.98%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,177,947 $1,177,947 0.09 $1,176,580
Connecticut Avenue Securities, Series 2021-R02 2B1 7.65603% 25-NOV-2041, 7.66%, 11/25/41 CAS 2021-R02 20754KAF8 - - 1,141,001 $1,170,863 $1,170,863 0.09 $1,164,554
BX Trust 2024-CNYN C 5.97333% 15-APR-2041, 5.97%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,114,181 $1,114,889 $1,114,889 0.09 $1,113,780
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.38881% 20-OCT-2032, 8.18%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,092,007 $1,111,273 $1,111,273 0.09 $1,103,574
MKT 2020-525M Mortgage Trust F 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,108,027 $1,108,027 0.09 $1,105,509
BX Trust 2024-VLT4 D 6.472222% 15-JUN-2041, 6.47%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,101,636 $1,101,636 0.09 $1,100,450
Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1|4.25|02/25/2065, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,113,000 $1,099,308 $1,099,308 0.09 $1,092,738
RCKT Mortgage Trust 2025-CES10|4.894|11/01/2055, 4.89%, 11/01/55 RCKT 2025-CES10 74939LAA2 - - 1,063,000 $1,066,852 $1,066,852 0.08 $1,062,950
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 1,032,253 $1,065,135 $1,065,135 0.08 $1,060,103
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 993,561 $1,062,147 $1,062,147 0.08 $1,060,640
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 1,030,582 $1,059,280 $1,059,280 0.08 $1,051,038
Connecticut Avenue Securities Trust 2025-R01 1M2 5.85603% 25-JAN-2045, 5.86%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,058,732 $1,058,732 0.08 $1,054,274
LIFE 2021-BMR Mortgage Trust E 5.897% 15-MAR-2038, 5.90%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,047,899 $1,047,899 0.08 $1,041,604
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,047,409 $1,047,409 0.08 $1,045,938
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,033,580 $1,033,580 0.08 $1,032,246
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 8.00603% 25-NOV-2041, 8.01%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,032,230 $1,032,230 0.08 $1,026,448
MHC Commercial Mortgage Trust 2021-MHC G 7.348442% 15-APR-2038, 7.35%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,028,201 $1,028,201 0.08 $1,020,606
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,027,695 $1,027,695 0.08 $1,026,696
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 $1,023,574 $1,023,574 0.08 $1,022,337
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,013,531 $1,013,531 0.08 $1,012,737
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 $1,012,589 $1,012,589 0.08 $1,010,052
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 $1,011,839 $1,011,839 0.08 $1,007,687
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 $1,011,542 $1,011,542 0.08 $1,009,300
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 $1,010,340 $1,010,340 0.08 $1,003,529
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 998,505 $1,005,586 $1,005,586 0.08 $998,927
MTN Commercial Mortgage Trust 2022-LPFL F 9.325169% 15-MAR-2039, 9.33%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,002,455 $1,002,455 0.08 $1,000,901
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $997,026 $997,026 0.08 $995,501
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.80603% 25-OCT-2044, 5.81%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $994,727 $994,727 0.08 $990,575
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.40603% 25-DEC-2031, 6.41%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 983,024 $993,427 $993,427 0.08 $988,879
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 985,826 $970,782 $970,782 0.08 $965,305
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $933,730 $933,730 0.07 $920,815
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $919,988 $919,988 0.07 $916,744
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $917,347 $917,347 0.07 $916,159
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 865,838 $876,501 $876,501 0.07 $874,736
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 865,838 $876,394 $876,394 0.07 $875,113
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 888,370 $873,335 $873,335 0.07 $871,090
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $846,223 $846,223 0.07 $843,050
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 822,418 $837,133 $837,133 0.07 $835,906
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $816,988 $816,988 0.06 $794,826
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 772,727 $810,087 $810,087 0.06 $803,199
Hudson's Bay Simon JV Trust 2015-HBS C10 5.628567% 05-AUG-2034, 5.45%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $804,231 $804,231 0.06 $801,631
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 772,727 $800,353 $800,353 0.06 $795,756
BXHPP Trust 2021-FILM A 4.797% 15-AUG-2036, 4.80%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $792,910 $792,910 0.06 $792,255
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.62239% 25-OCT-2057, 8.62%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 742,473 $789,725 $789,725 0.06 $785,102
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $783,887 $783,887 0.06 $782,901
Towd Point Mortgage Trust 2024-CES2 A1B 6.35% 25-FEB-2064, 6.35%, 02/25/64 TPMT 2024-CES2 89182JAB7 - - 769,269 $783,516 $783,516 0.06 $776,731
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 776,514 $779,805 $779,805 0.06 $776,832
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 6.15603% 25-JUN-2047, 6.16%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 761,477 $764,440 $764,440 0.06 $761,059
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 744,760 $760,106 $760,106 0.06 $753,550
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 7.10603% 25-JUN-2047, 7.11%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 739,720 $759,816 $759,816 0.06 $756,020
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $759,015 $759,015 0.06 $758,145
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 $734,122 $734,122 0.06 $731,110
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $714,361 $714,361 0.06 $713,410
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $706,831 $706,831 0.06 $704,182
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.95603% 25-DEC-2031, 7.96%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 695,208 $706,038 $706,038 0.06 $702,043
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $704,239 $704,239 0.06 $703,435
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 662,600 $703,603 $703,603 0.06 $674,629
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 662,600 $699,309 $699,309 0.06 $672,396
Ally Bank Auto Credit-Linked Notes, Series 2025-A F 6.942% 15-JUN-2033, 6.94%, 06/15/33 ABCLN 2025-A 02007G5J8 - - 671,696 $677,948 $677,948 0.05 $677,171
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 660,847 $673,053 $673,053 0.05 $667,248
Towd Point Mortgage Trust 2024-CES1 A1B 6.049% 25-JAN-2064, 6.05%, 01/25/64 TPMT 2024-CES1 89183CAB1 - - 625,689 $635,296 $635,296 0.05 $630,040
Gracie Point International Funding, Series 2024-1 D 11.50559% 01-MAR-2028, 11.51%, 03/01/28 GPIF 2024-1A D 38410KAD1 - - 600,000 $611,761 $611,761 0.05 $602,365
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $568,849 $568,849 0.05 $565,605
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 7.63881% 20-SEP-2033, 7.43%, 09/20/33 HACLN 2025-2 44644NAR0 - - 563,788 $567,868 $567,868 0.05 $564,297
Connecticut Avenue Securities, Series 2021-R01 1M2 5.90603% 25-OCT-2041, 5.91%, 10/25/41 CAS 2021-R01 20754RAB2 - - 562,572 $566,699 $566,699 0.05 $564,299
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.63881% 20-MAY-2032, 9.43%, 05/20/32 HACLN 2024-1 44644NAD1 - - 545,011 $561,757 $561,757 0.04 $557,326
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 553,624 $557,112 $557,112 0.04 $553,720
BX Trust 2022-FOX2 E 6.99134% 15-APR-2039, 6.99%, 04/15/39 BX 2022-FOX2 05610AAJ7 - - 546,700 $544,104 $544,104 0.04 $543,467
Mello Warehouse Securitization Trust 2024-1 F 9.40791% 25-OCT-2057, 9.41%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $543,389 $543,389 0.04 $539,706
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 532,389 $538,723 $538,723 0.04 $535,392
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $532,682 $532,682 0.04 $531,817
Ally Bank Auto Credit-Linked Notes, Series 2024-A F 9.892% 15-MAY-2032, 9.89%, 05/17/32 ABCLN 2024-A 02007GZ97 - - 518,047 $531,678 $531,678 0.04 $530,824
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $530,984 $530,984 0.04 $529,157
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $519,906 $519,906 0.04 $519,227
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $519,323 $519,323 0.04 $515,771
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 $517,751 $517,751 0.04 $513,928
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 $516,421 $516,421 0.04 $515,410
WB Commercial Mortgage Trust 2024-HQ D 8.0108% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $516,066 $516,066 0.04 $510,503
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $512,939 $512,939 0.04 $512,426
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 $511,467 $511,467 0.04 $510,937
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $511,207 $511,207 0.04 $510,724
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $510,109 $510,109 0.04 $509,560
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $509,417 $509,417 0.04 $508,930
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $507,930 $507,930 0.04 $507,428
Gracie Point International Funding, Series 2024-1 C 7.85559% 01-MAR-2028, 7.86%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $506,206 $506,206 0.04 $500,860
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $503,028 $503,028 0.04 $502,454
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 471,062 $480,152 $480,152 0.04 $476,983
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $462,146 $462,146 0.04 $461,509
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 432,856 $433,682 $433,682 0.03 $433,120
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $427,574 $427,574 0.03 $427,045
Santander Bank Auto Credit-Linked Notes, Series 2023-B F 12.24% 15-DEC-2033, 12.24%, 12/15/33 SBCLN 2023-B 80290CCF9 - - 406,922 $425,092 $425,092 0.03 $424,261
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $417,197 $417,197 0.03 $413,702
Ally Bank Auto Credit-Linked Notes, Series 2024-A E 7.917% 15-MAY-2032, 7.92%, 05/17/32 ABCLN 2024-A 02007GZ89 - - 406,667 $415,174 $415,174 0.03 $414,637
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $410,484 $410,484 0.03 $410,033
Hudson's Bay Simon JV Trust 2015-HBS C7 5.330967% 05-AUG-2034, 5.16%, 08/05/34 HBCT 2015-HB7 44422PBE1 - - 410,000 $406,202 $406,202 0.03 $405,027
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) B 6.49% 17-APR-2035, 6.49%, 04/17/35 BHG 2024-1A 08862HAB8 - - 390,224 $403,242 $403,242 0.03 $402,960
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 - - 433,492 $395,578 $395,578 0.03 $394,753
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.62239% 25-OCT-2057, 7.62%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 379,775 $395,266 $395,266 0.03 $393,176
BAMLL Re-REMIC Trust 2024-FRR4 E 0.693514% 27-NOV-2048, 1.12%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $392,915 $392,915 0.03 $392,296
BAMLL Re-REMIC Trust 2024-FRR4 F 0.650774% 27-JAN-2026, 1.05%, 11/27/48 BAMLL 05493VAL8 - - 400,119 $391,977 $391,977 0.03 $391,395
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 $389,211 $389,211 0.03 $386,092
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $372,542 $372,542 0.03 $369,845
Worldwide Plaza Trust 2017-WWP A 3.5263% 10-NOV-2036, 3.53%, 11/10/36 WPT 98162JAA4 - - 528,000 $370,930 $370,930 0.03 $369,896
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $326,119 $326,119 0.03 $324,462
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $320,444 $320,444 0.03 $320,029
Ally Bank Auto Credit-Linked Notes, Series 2024-A G 12.748% 15-MAY-2032, 12.75%, 05/17/32 ABCLN 2024-A 02007G2A0 - - 310,828 $320,393 $320,393 0.03 $319,733
BX Commercial Mortgage Trust 2024-MF C 5.97307% 15-FEB-2039, 5.97%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $310,337 $310,337 0.02 $310,029
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $300,692 $300,692 0.02 $298,504
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 $300,655 $300,655 0.02 $300,131
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 295,366 $299,635 $299,635 0.02 $296,962
CSMC 2021-BHAR E 7.647% 15-NOV-2038, 7.65%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $294,312 $294,312 0.02 $293,929
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.90603% 25-FEB-2050, 5.91%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 296,870 $291,267 $291,267 0.02 $290,001
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 284,954 $288,612 $288,612 0.02 $288,282
Luxury Lease Partners Auto Lease Trust 2024-4 A 7.292% 15-JAN-2030, 7.29%, 07/15/30 LLP 2024-4 55068XAA8 - - 281,681 $282,082 $282,082 0.02 $281,739
Santander Bank Auto Credit-Linked Notes, Series 2023-B D 6.663% 15-DEC-2033, 6.66%, 12/15/33 SBCLN 2023-B 80290CCD4 - - 271,282 $275,983 $275,983 0.02 $275,682
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $257,858 $257,858 0.02 $257,858
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 $255,938 $255,938 0.02 $255,614
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 $249,423 $249,423 0.02 $249,108
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $248,700 $248,700 0.02 $248,398
Santander US Capital Markets LLC 18-JAN-2033, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 240,511 $242,015 $242,015 0.02 $241,742
BXHPP Trust 2021-FILM B 5.047% 15-AUG-2036, 5.05%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $236,693 $236,693 0.02 $235,407
RCKT Mortgage Trust 2025-CES6 A1A 5.472% 25-JUN-2055, 5.47%, 06/25/55 RCKT 2025-CES6 748949AA2 - - 227,042 $231,186 $231,186 0.02 $229,461
Readycap Lending Small Business Loan Trust 2023-3 A 7.57% 25-APR-2048, 7.32%, 04/25/48 RCLT 75576AAA1 - - 227,587 $230,698 $230,698 0.02 $229,495
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 $218,285 $218,285 0.02 $217,261
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 216,702 $218,200 $218,200 0.02 $217,378
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $204,718 $204,718 0.02 $204,353
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $204,437 $204,437 0.02 $204,121
BHG Securitization Trust 2024-1CON (Bankers Healthcare Group) A 5.81% 17-APR-2035, 5.81%, 04/17/35 BHG 2024-1A 08862HAA0 - - 166,199 $170,299 $170,299 0.01 $170,191
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $159,752 $159,752 0.01 $159,318
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 195,420 $154,106 $154,106 0.01 $153,908
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 141,849 $143,687 $143,687 0.01 $142,312
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 $139,435 $139,435 0.01 $139,072
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 137,282 $138,219 $138,219 0.01 $138,084
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 128,517 $136,750 $136,750 0.01 $131,315
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 - - 103,374 $104,333 $104,333 0.01 $104,204
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $102,341 $102,341 0.01 $102,034
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $101,399 $101,399 0.01 $101,100
Ginnie Mae REMIC Trust 2005-065 FA 4.6049% 20-AUG-2035, 4.30%, 08/20/35 GNR 2005-65 38374LL25 - - 100,903 $100,063 $100,063 0.01 $99,678
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $95,492 $95,492 0.01 $95,191
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 82,661 $82,572 $82,572 0.01 $82,531
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $74,084 $74,084 0.01 $73,833
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 - - 70,103 $71,748 $71,748 0.01 $71,253
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 59,729 $66,738 $66,738 0.01 $59,419
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 6.00603% 25-JAN-2034, 6.01%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 56,034 $56,469 $56,469 0.00 $56,226
Affirm Asset Securitization Trust 2023-X1 C 8.25% 15-NOV-2028, 8.25%, 11/15/28 AFFRM 2023-X1 00834KAC1 - - 41,225 $41,356 $41,356 0.00 $41,299
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 36,480 $36,529 $36,529 0.00 $36,417
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 31,026 $31,455 $31,455 0.00 $31,311
Santander Bank Auto Credit-Linked Notes, Series 2023-A E 10.068% 15-JUN-2033, 10.07%, 06/15/33 SBCLN 2023-A 80290CBX1 - - 21,958 $22,084 $22,084 0.00 $22,048
Hudson's Bay Simon JV Trust 2015-HBS A7 3.9141% 05-AUG-2034, 3.91%, 08/05/34 HBCT 2015-HB7 44422PAU6 - - 17,720 $17,677 $17,677 0.00 $17,639
Citigroup Commercial Mortgage Trust 2021-PRM2 G 8.765% 15-JUN-2036, 8.77%, 10/15/38 CGCMT 2021-PRM2 17291HAS3 - - - $17,531 $17,531 0.00 $0
RCKT Mortgage Trust 2025-CES1 A1A 5.653% 25-JAN-2045, 5.65%, 01/25/45 RCKT 2025-CES1 A1 749427AA8 - - - $12,971 $12,971 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - 1,682 $184,744,048 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - 455.00 $95,038,125 $0 0.00 $0
US 10YR NOTE (CBT)Dec25 DEC 25 TYZ5 FUTURES_USD - 590.00 $67,020,312 $0 0.00 $0
US 10yr Ultra Fut Dec25 DEC 25 UXYZ5 FUTURES_USD - -297.00 $-34,614,422 $0 0.00 $0
US 10YR FUT OPTN Nov25Put 109.25 TYX5P TYZ5 COMDTY $109.25 -201.00 $22,832,344 $0 0.00 $0
US 5YR FUTR OPTN Nov25Put 108.25 FVX5P FVZ5 COMDTY $108.25 -34.00 $3,734,422 $0 0.00 $0
US ULTRA BOND CBT Dec25 DEC 25 WNZ5 FUTURES_USD - -108.00 $-13,300,875 $0 0.00 $0
US 5YR FUTR OPTN Nov25Call 110.5 FVX5C FVZ5 COMDTY $110.50 -34.00 $-3,734,422 $-797 0.00 $-797
GOLD FUT OPT(CMX) Nov25P 3795 3795 GCX5P GCZ5 COMDTY $3,795.00 -47.00 $-5,170 $-5,170 0.00 $-5,170
US 10YR FUT OPTN Nov25Call 114.75 TYX5C TYZ5 COMDTY $114.75 -201.00 $-22,832,344 $-6,281 0.00 $-6,281
ESZ5 19Dec25 Call (AMERICAN PHYSICAL) 7175 ESZ5C ESZ5 INDEX $7,175.00 -89.00 $-30,143,188 $-82,325 -0.01 $-82,325
ESZ5 19Dec25 Put (AMERICAN PHYSICAL) 6150 ESZ5P ESZ5 INDEX $6,150.00 -89.00 $30,143,188 $-193,575 -0.02 $-193,575
GOLD FUT OPT(CMX) Nov25C 4200 4200 GCX5C GCZ5 COMDTY $4,200.00 -47.00 $-865,740 $-865,740 -0.07 $-865,740
UMBS TBA 30yr 5% November Delivery, 5.00%, 11/13/25 FNCL 01F0506B7 - - -61,440,000 $-61,366,948 $-61,366,948 -4.88 $-61,366,948
UMBS TBA 30yr 2.5% November Delivery, 2.50%, 11/13/25 FNCL 01F0226B6 - - -189,990,000 $-162,679,887 $-162,679,887 -12.93 $-162,679,887
SEGREGATED CASH SEGCASH - $0.00 9,110,000 $9,110,000 $9,110,000 0.72 $9,110,000
US DOLLARS USD MD_142224 - - -166,276,476 $-166,276,476 $-166,276,476 -13.22 $-166,276,476
GOLD 100 OZ FUTR Dec25 DEC 25 GCZ5 GCZ5 COMB FUTURES_USD - 30.00 $13,078,200 $0 0.00 $0
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,475,000 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,315,625 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,271,875 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,200,000 $0 0.00 $0
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,737,522 $-15,972 0.00 $-15,972
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,597,077 $-89,107 -0.01 $-89,107
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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