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 November 7, 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 $118,552,118 $118,552,118 9.13 $118,552,118
UMBS TBA 30yr 5.5% December Delivery, 5.50%, 12/11/25 FNCL 01F0526C1 - - 65,610,000 $66,254,946 $66,254,946 5.10 $66,254,946
UMBS TBA 30yr 6.5% December Delivery, 6.50%, 12/11/25 FNCL 01F0626C0 - - 60,613,000 $62,733,849 $62,733,849 4.84 $62,733,849
Fannie Mae or Freddie Mac|6|12/11/2025, 6.00%, 12/11/25 FNCL 01F0606C4 - - 57,605,000 $58,886,711 $58,886,711 4.54 $58,886,711
UMBS TBA 30yr 3.5% December Delivery, 3.50%, 12/11/25 FNCL 01F0326C3 - - 30,930,000 $28,519,006 $28,519,006 2.20 $28,519,006
UMBS TBA 30yr 4.5% December Delivery, 4.50%, 12/11/25 FNCL 01F0426C2 - - 25,880,000 $25,228,626 $25,228,626 1.94 $25,228,626
UMBS TBA 30yr 3% December Delivery, 3.00%, 12/11/25 FNCL 01F0306C7 - - 25,640,000 $22,733,065 $22,733,065 1.75 $22,733,065
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M2 5.83279% 25-FEB-2045, 5.83%, 02/25/45 STACR 2025-HQA1 35564NHA4 - - 16,814,815 $16,875,784 $16,875,784 1.30 $16,837,642
Fannie Mae REMIC Trust 2025-12 FC 5.45603% 25-MAR-2055, 5.28%, 03/25/55 FNR 2025-12 3136BVFC7 - - 12,816,584 $12,872,033 $12,872,033 0.99 $12,843,822
CENT Trust 2025-CITY A 5.090927% 10-JUL-2040, 4.92%, 07/10/40 CENT 2025-CITY 12517TAA5 - - 12,635,000 $12,853,594 $12,853,594 0.99 $12,786,250
ANTOR 2023-1A A1R|||10/25/2038 ANTOR - - 12,500,000 $12,500,000 $12,500,000 0.96 $12,500,000
ALA Trust 2025-OANA A 5.77563% 15-JUN-2040, 5.78%, 06/15/40 ALA 2025-OANA 009920AA7 - - 12,053,651 $12,148,983 $12,148,983 0.94 $12,098,704
OHA Credit Funding 24 Ltd|||01/20/2039 OAKC 2025-24A 67123CAC8 - - 12,000,000 $12,000,000 $12,000,000 0.93 $12,000,000
PRPM 2025-5 0%30, 5.73%, 07/25/30 PRPM 2025-5 69392RAA9 - - 11,818,440 $11,880,043 $11,880,043 0.92 $11,806,693
Freddie Mac Multiclass Certificates, Series 5544 FC 5.35603% 25-JUN-2055, 5.18%, 06/25/55 FHR 5544 3137HLNP3 - - 11,659,739 $11,727,733 $11,727,733 0.90 $11,702,554
FIGRE Trust 2025-HE3 A 5.56% 25-MAY-2055, 5.56%, 05/25/55 FIGRE 2025-HE3 31684LAA9 - - 10,863,417 $11,033,743 $11,033,743 0.85 $10,968,309
AB BSL CLO 1 Ltd|5.46673|10/15/2038, 5.47%, 10/15/38 ABBSL 2020-1A 00038KBL4 - - 11,000,000 $11,019,847 $11,019,847 0.85 $11,011,495
BX Commercial Mortgage Trust 2024-XL4 A 5.4742% 15-FEB-2039, 5.47%, 02/15/39 BX 2024-XL4 05611VAA9 - - 10,613,938 $10,661,144 $10,661,144 0.82 $10,619,181
Libra Solutions 2025-1 A 6.355% 15-AUG-2039, 6.36%, 08/15/39 OASIS 2025-1A 53161AAA9 - - 10,200,000 $10,313,494 $10,313,494 0.80 $10,268,480
WB Commercial Mortgage Trust 2024-HQ A 6.134383% 16-MAR-2040, 5.94%, 03/15/40 WB 2024-HQ 92943PAA9 - - 10,000,000 $10,057,805 $10,057,805 0.78 $9,993,493
BX Trust 2025-VLT7 E 7.78217% 15-JUL-2044, 7.78%, 07/15/44 BX 2025-VLT7 123913AJ4 - - 9,966,000 $10,052,219 $10,052,219 0.77 $9,996,206
Ares LXXVIII CLO Ltd|5.32|01/15/2039, 5.32%, 01/15/39 ARES 2025-78A 03990NAC9 - - 10,000,000 $10,000,000 $10,000,000 0.77 $10,000,000
BX Trust 2024-FNX A 5.47447% 15-NOV-2041, 5.47%, 11/15/41 BX 2024-FNX 05593TAA6 - - 9,892,917 $9,933,851 $9,933,851 0.77 $9,894,737
Vista Point Securitization Trust 2025-CES2 A1 5.601% 25-AUG-2055, 5.60%, 08/25/55 VSTA 2025-CES2 92842UAA0 - - 9,295,479 $9,391,346 $9,391,346 0.72 $9,334,943
Olympic Tower 2017-OT A 3.566% 10-MAY-2039, 3.57%, 05/10/39 OT 68162MAA0 - - 9,025,000 $8,634,837 $8,634,837 0.67 $8,599,972
METRONET INFRASTRUCTURE ISSU 5.4% 55, 5.40%, 08/20/55 MNET 2025-2A 59170JAX6 - - 8,200,000 $8,327,744 $8,327,744 0.64 $8,303,144
PMT LOAN TRUST 2025-J3 FLTG 2056 A3, 5.71%, 11/27/56 PMTLT 2025-J3 69392XBM9 - - 8,028,000 $8,063,737 $8,063,737 0.62 $8,044,622
Radian Mortgage Capital Trust 2025-J4|5.73078|03/25/2056, 5.73%, 03/25/56 RMCT 2025-J4 75024UBP1 - - 8,017,000 $8,035,412 $8,035,412 0.62 $8,016,189
OBX 2025-J3 TRUST FLTG 2055 AF, 5.68%, 10/25/55 OBX 2025-J3 67449KAU7 - - 7,915,703 $7,934,243 $7,934,243 0.61 $7,915,500
RCKT MORTGAGE TRUST 2025-CE 7.12% 34, 7.12%, 07/25/34 RCKTL 2025-1A 74939RAE1 - - 7,900,000 $7,805,450 $7,805,450 0.60 $7,785,138
Homeward Opportunities Fund Trust 2025-RRTL1 A1 5.476% 25-MAR-2040, 5.48%, 03/25/40 HOF 2025-RRTL1 437919AA1 - - 7,650,000 $7,706,659 $7,706,659 0.59 $7,689,204
WULF Compute LLC 7.75% 15-OCT-2030, 7.75%, 10/15/30 WULF 982911AA7 - - 7,439,000 $7,686,104 $7,686,104 0.59 $7,658,879
Affirm Master Trust Series 2025-2 D 5.6% 15-JUL-2033, 5.60%, 07/15/33 AFRMT 2025-2A 00833BAK4 - - 7,500,000 $7,555,049 $7,555,049 0.58 $7,525,882
Extended Stay America Trust 2025-ESH B 5.75% 15-OCT-2042, 5.75%, 10/15/42 ESA 2025-ESH 30227TAC4 - - 7,500,000 $7,542,421 $7,542,421 0.58 $7,517,265
HILT 2025-NVIL A 5.77517% 15-JUL-2042, 5.78%, 07/15/42 HILT 2025-NVIL 432826AA3 - - 7,400,000 $7,446,125 $7,446,125 0.57 $7,415,260
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA2 M2 7.93279% 25-FEB-2042, 7.93%, 02/25/42 STACR 2022-DNA2 35564KRN1 - - 7,158,664 $7,411,907 $7,411,907 0.57 $7,389,823
Connecticut Avenue Securities Trust 2025-R01 1M1 5.28279% 25-JAN-2045, 5.28%, 01/25/45 CAS 2025-R01 20755JAB9 - - 7,305,719 $7,321,436 $7,321,436 0.56 $7,306,427
NYC Commercial Mortgage Trust 2025-1155 A 5.8329% 10-JUN-2042, 5.83%, 06/10/42 NYC 2025-1155 67122BAA5 - - 7,007,000 $7,230,016 $7,230,016 0.56 $7,185,738
Affirm Master Trust Series 2025-3 D 5.09% 15-OCT-2034, 5.09%, 10/16/34 AFRMT 2025-3A 00833BAR9 - - 7,274,000 $7,224,010 $7,224,010 0.56 $7,175,672
BLP Commercial Mortgage Trust 2024-IND2 A 5.37432% 15-MAR-2041, 5.37%, 03/15/41 BLP 2024-IND2 05625AAA9 - - 6,907,463 $6,932,703 $6,932,703 0.53 $6,905,892
BX Commercial Mortgage Trust 2024-AIRC A 5.72324% 15-AUG-2041, 5.72%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 6,881,035 $6,916,453 $6,916,453 0.53 $6,888,009
KRE Commercial Mortgage Trust 2025-AIP4 A 5.33217% 15-MAR-2042, 5.33%, 03/15/42 KRE 2025-AIP4 50077KAA6 - - 6,902,000 $6,903,148 $6,903,148 0.53 $6,876,568
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 M2 6.28279% 25-SEP-2041, 6.28%, 09/25/41 STACR 2021-HQA3 35564KJP5 - - 6,717,256 $6,785,028 $6,785,028 0.52 $6,768,615
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 B2 11.68279% 25-OCT-2041, 11.68%, 10/25/41 STACR 2021-DNA6 35564KLV9 - - 6,250,000 $6,643,619 $6,643,619 0.51 $6,570,954
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B2 10.43279% 25-SEP-2041, 10.43%, 09/25/41 STACR 2021-HQA3 35564KKL2 - - 6,288,000 $6,544,034 $6,544,034 0.50 $6,518,522
Cipher Compute LLC 7.125% 15-NOV-2030, 7.12%, 11/15/30 CIFR 17253NAA5 - - 6,464,000 $6,535,831 $6,535,831 0.50 $6,535,831
Westlake Automobile Receivables Trust 2025-2 D 5.08% 15-MAY-2031, 5.08%, 05/15/31 WLAKE 2025-2A 96041KAG9 - - 6,450,000 $6,487,308 $6,487,308 0.50 $6,464,553
Chase Mortgage Reference Notes, Series 2020-CL1 M1 6.35551% 25-OCT-2057, 6.36%, 10/25/57 CHASE 2020-CL1 46591HAG5 - - 6,230,876 $6,440,135 $6,440,135 0.50 $6,424,735
Connecticut Avenue Securities, Series 2021-R03 1M2 5.83279% 25-DEC-2041, 5.83%, 12/25/41 CAS 2021-R03 20754AAB9 - - 6,219,572 $6,262,920 $6,262,920 0.48 $6,248,812
SMRT Commercial Mortgage Trust 2022-MINI D 5.98217% 15-JAN-2039, 5.98%, 01/15/39 SMRT 2022-MINI 78457JAL6 - - 6,250,000 $6,248,411 $6,248,411 0.48 $6,221,404
PRET 2025-RPL1 Trust A1 4.0% 25-JUL-2069, 4.00%, 07/25/69 PRET 2025-RPL1 69392FAA5 - - 6,178,151 $6,053,938 $6,053,938 0.47 $6,027,167
BX Trust 2025-TAIL D 6.48217% 15-JUN-2035, 6.48%, 06/15/35 BX 2025-TAIL 123912AG2 - - 6,000,000 $6,027,057 $6,027,057 0.46 $5,998,967
HPEFS EQUIPMENT TRUST 2025-2 0% 33, 4.77%, 05/20/33 HPEFS 2025-2A 442927AF6 - - 6,000,000 $6,008,589 $6,008,589 0.46 $5,994,279
BX Trust 2024-CNYN D 6.72226% 15-APR-2041, 6.72%, 04/15/41 BX 2024- CNYN 05612HAG6 - - 5,942,296 $5,981,022 $5,981,022 0.46 $5,952,173
FS Commercial Mortgage Trust 2023-4SZN D 9.382749% 10-NOV-2039, 9.08%, 11/10/39 FS 2023-4SZN 30334RAG9 - - 5,750,000 $5,955,750 $5,955,750 0.46 $5,899,189
PRET 2025-RPL3 Trust A1 4.15% 25-APR-2065, 4.15%, 04/25/65 PRET 2025-RPL3 69382RAA1 - - 5,981,209 $5,867,522 $5,867,522 0.45 $5,840,632
QTS ISSUER ABS I 5.439%55, 5.44%, 05/25/55 QTS 2025-1A 74690DAA9 - - 5,517,000 $5,607,365 $5,607,365 0.43 $5,594,862
New Residential Mortgage LLC 6.545% 25-MAR-2032, 6.54%, 03/25/32 NZES 2025-FHT 64832EAA7 - - 5,453,193 $5,547,357 $5,547,357 0.43 $5,532,485
PRPM 2025-RCF5 5.31%55 A2, 5.31%, 10/25/55 PRPM 2025-RCF5 69384AAB4 - - 5,500,000 $5,544,653 $5,544,653 0.43 $5,488,677
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA2 M2 5.68279% 25-MAY-2045, 5.68%, 05/25/45 STACR 2025-DNA2 35564NJA2 - - 5,510,949 $5,518,095 $5,518,095 0.43 $5,505,916
FHLMC STACR REMIC TR 2025-DNA3 M1, 5.28%, 09/25/45 STACR 2025-DNA3 35564UAR8 - - 5,436,739 $5,448,657 $5,448,657 0.42 $5,437,487
Marlette Funding Trust 2025-1 D 6.02% 15-JUL-2035, 6.02%, 07/16/35 MFT 2025-1A 570920AD0 - - 5,368,000 $5,428,441 $5,428,441 0.42 $5,405,999
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 M2 5.98279% 25-NOV-2041, 5.98%, 11/25/41 STACR 2021-DNA7 35564KMH9 - - 5,274,435 $5,330,095 $5,330,095 0.41 $5,317,824
FIGRE TRUST 2025-HE5 FLTG 2055 B, 5.49%, 08/25/55 FIGRE 2025-HE5 31684MAB5 - - 5,244,786 $5,291,492 $5,291,492 0.41 $5,260,328
BX Commercial Mortgage Trust 2021-VOLT E 6.147% 15-SEP-2036, 6.15%, 09/15/36 BX 2021-VOLT 05609VAN5 - - 5,166,760 $5,186,940 $5,186,940 0.40 $5,164,004
ABL 2024-RTL1 A2 7.457% 25-SEP-2029, 7.46%, 09/25/29 ABL 2024-RTL1 00092EAB4 - - 5,160,000 $5,181,217 $5,181,217 0.40 $5,165,184
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.68%, 05/25/45 CAS 2025-R04 20755TAC5 - - 5,168,240 $5,172,070 $5,172,070 0.40 $5,160,649
RCKT Mortgage Trust 2025-CES4 A1A 5.811% 25-APR-2055, 5.81%, 05/25/55 RCKT 2025-CES4 74937YAA6 - - 5,062,127 $5,154,716 $5,154,716 0.40 $5,122,848
NYC Commercial Mortgage Trust 2025-1155 D 7.603267% 10-JUN-2042, 7.36%, 06/10/42 NYC 2025-1155 67122BAE7 - - 5,000,000 $5,146,615 $5,146,615 0.40 $5,137,417
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B2 11.98279% 25-NOV-2041, 11.98%, 11/25/41 STACR 2021-DNA7 35564KNE5 - - 4,800,000 $5,108,850 $5,108,850 0.39 $5,086,482
COMPASS DATACENTERS 2025-1 B1, 5.76%, 05/25/50 CMPDC 2025-1A 20469CAC9 - - 5,000,000 $5,094,003 $5,094,003 0.39 $5,082,011
Ares LXXI CLO A2 5.58444% 20-APR-2037, 5.99%, 04/20/37 ARES 2024-71A 04020MAC3 - - 5,000,000 $5,031,056 $5,031,056 0.39 $5,014,408
Foundation Finance Trust 2025-2 C 5.09% 15-APR-2052, 5.09%, 04/15/52 FFIN 2025-2A 35042NAC9 - - 5,000,000 $5,021,072 $5,021,072 0.39 $5,003,398
SALUDA GR ALT MTG TR 2025-LOC5 A1B, 5.79%, 10/25/55 GRADE 2025-LOC5 79581XAC2 - - 5,000,000 $5,013,548 $5,013,548 0.39 $5,002,287
Chase Auto Credit Linked Notes, Series 2025-1 E 6.024% 25-JUN-2033, 6.02%, 02/25/33 CACLN 2025-1 46591HCV0 - - 5,018,085 $5,011,416 $5,011,416 0.39 $4,998,821
GoldenTree Loan Management US CLO 27 Ltd|5.321|01/20/2039, 5.32%, 01/20/39 GLM 2025-27A 38140AAE8 - - 5,000,000 $5,000,000 $5,000,000 0.39 $5,000,000
PRET 2025-NPL4 A1 6.3677% 25-MAY-2055, 6.37%, 04/25/55 PRET 2025-NPL4 74136UAA3 - - 4,940,434 $4,974,674 $4,974,674 0.38 $4,961,566
Ally Bank Auto Credit-Linked Notes Series 2025-B|6.164|09/15/2033, 6.16%, 09/15/33 ABCLN 2025-B 02007G6S7 - - 4,960,000 $4,964,476 $4,964,476 0.38 $4,964,476
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 $4,949,262 $4,949,262 0.38 $4,938,956
TOWD POINT MORTGAGE TRUST 2025 0% 65, 4.97%, 09/25/65 TPMT 2025-FIX1 89183MAA1 - - 4,926,995 $4,948,262 $4,948,262 0.38 $4,921,744
Fannie Mae REMIC Trust 2025-9 FA 5.55603% 25-MAR-2055, 5.38%, 03/25/55 FNR 2025-9 3136BVDC9 - - 4,872,517 $4,901,548 $4,901,548 0.38 $4,890,619
SCG Commercial Mortgage Trust 2025-DLFN E 6.98217% 15-MAR-2035, 6.98%, 03/15/35 SCG 2025 78398EAJ4 - - 4,904,000 $4,898,005 $4,898,005 0.38 $4,873,276
JERSEY MIKES FUNDING LLC 5.61% 55, 5.61%, 08/16/55 JMIKE 2025-1A 476681AE1 - - 4,600,000 $4,776,290 $4,776,290 0.37 $4,700,306
BX Commercial Mortgage Trust 2024-MF D 6.72199% 15-FEB-2039, 6.72%, 02/15/39 BX 2024-MF 05612EAG3 - - 4,737,182 $4,766,284 $4,766,284 0.37 $4,743,286
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.33279% 25-FEB-2045, 5.33%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 4,735,500 $4,746,523 $4,746,523 0.37 $4,736,702
PRPM 2025 RCF4 LLC 4.5% 55, 4.50%, 08/25/55 PRPM 2025-RCF4 69382WAB8 - - 4,800,000 $4,685,200 $4,685,200 0.36 $4,661,800
Chase Mortgage Reference Notes, Series 2020-CL1 M2 6.60551% 25-OCT-2057, 6.61%, 10/25/57 CHASE 2020-CL1 46591HAH3 - - 4,501,071 $4,651,617 $4,651,617 0.36 $4,640,055
Truist Bank Auto Credit Linked Notes, Series 2025-1 C 6.807% 25-SEP-2033, 6.81%, 09/26/33 TACLN 2025-1 897926CC3 - - 4,602,729 $4,620,245 $4,620,245 0.36 $4,607,191
BX Commercial Mortgage Trust 2024-BIO2 D 7.9698% 15-AUG-2041, 7.71%, 08/13/41 BX 2024-BIO2 05613GAG7 - - 4,702,000 $4,618,000 $4,618,000 0.36 $4,578,712
Lendbuzz Securitization Trust 2024-2 C 7.45% 15-MAY-2031, 7.45%, 05/15/31 LBZZ 2024-2A 525920AD6 - - 4,500,000 $4,600,657 $4,600,657 0.35 $4,577,376
Compass Datacenters Issuer II, Series 2024-2 B1_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAE9 - - 4,500,000 $4,598,751 $4,598,751 0.35 $4,587,503
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 $4,546,873 $4,546,873 0.35 $4,531,003
NRM MSR-Collateralized Notes, Series 2024-FNT1 A 7.398% 25-NOV-2029, 7.40%, 11/25/31 NZES 2024-FNT1 62956YAA7 - - 4,477,772 $4,535,826 $4,535,826 0.35 $4,522,023
NRTH Commercial Mortgage Trust 2025-PARK B 5.79292% 15-OCT-2040, 5.79%, 10/15/40 NRTH 2025-PARK 669985AC7 - - 4,500,000 $4,515,325 $4,515,325 0.35 $4,496,498
PRPM 2025-RCF3, LLC, 5.77%, 08/25/28 PRPM 2025-6 69395KAA1 - - 4,483,275 $4,510,516 $4,510,516 0.35 $4,482,472
Great Wolf Trust 2024-WOLF D 6.92217% 15-MAR-2039, 6.92%, 03/15/39 GWT 2024-WOLF 39152MAG0 - - 4,425,000 $4,469,286 $4,469,286 0.34 $4,447,164
JP MORGAN MORTGAGE TRUST 2 5.777% 55, 5.50%, 11/25/55 JPMMT 2025-5MPR 46593VAD9 - - 4,408,527 $4,454,143 $4,454,143 0.34 $4,427,876
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 $4,413,052 $4,413,052 0.34 $4,401,905
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 $4,382,827 $4,382,827 0.34 $4,363,780
Saluda Grade Alternative Mortgage Trust 2023-RTL3 A1 8.0% 25-APR-2029, 8.00%, 04/25/29 GRADE 2023-RTL3 79583YAA2 - - 4,358,471 $4,374,911 $4,374,911 0.34 $4,337,138
RCKT Mortgage Trust 2025-CES5 A1A 5.687% 25-MAY-2055, 5.69%, 05/25/55 RCKT 2025-CES5 74942CAA7 - - 4,287,449 $4,356,767 $4,356,767 0.34 $4,330,353
TOWD POINT MORTGAGE TRUS 5.98666% 65, 5.83%, 07/25/65 TPMT 2025-HE1 89183LAD7 - - 4,300,000 $4,320,780 $4,320,780 0.33 $4,309,786
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 $4,310,113 $4,310,113 0.33 $4,269,797
COMM 2024-WCL1 Mortgage Trust D 7.322% 17-JUN-2041, 7.32%, 06/15/41 COMM 2024-WCL1 20047DAG9 - - 4,250,000 $4,288,200 $4,288,200 0.33 $4,265,728
IRV Trust 2025-200P C 5.921382% 14-MAR-2047, 5.73%, 03/14/47 IRV 2025-200P 45006HAE1 - - 4,200,000 $4,275,199 $4,275,199 0.33 $4,249,126
FIGRE TRUST 2025-FL1 5.467% 55, 5.47%, 07/25/55 FIGRE 2025-FL1 31684QAB6 - - 4,238,664 $4,264,178 $4,264,178 0.33 $4,239,075
MTN Commercial Mortgage Trust 2022-LPFL A 5.4369% 15-MAR-2039, 5.44%, 03/15/39 MTN 2022-LPFL 62475WAA3 - - 4,240,000 $4,256,884 $4,256,884 0.33 $4,240,235
Saluda Grade Alternative Mortgage Trust 2023-FIG4 A 6.718% 25-NOV-2053, 6.72%, 11/25/53 GRADE 2023-FIG4 79581UAA2 - - 4,040,281 $4,202,452 $4,202,452 0.32 $4,173,048
BX Trust 2024-VLT4 E 6.921574% 15-JUN-2041, 6.92%, 06/15/41 BX 2024-VLT4 05612TAJ4 - - 4,147,000 $4,167,657 $4,167,657 0.32 $4,146,926
Drive Auto Receivables Trust 2025-1 D 5.41% 15-SEP-2032, 5.41%, 09/15/32 DRIVE 2025-1 262102AF3 - - 4,077,000 $4,135,184 $4,135,184 0.32 $4,119,867
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA1 M2 9.43279% 25-MAR-2042, 9.43%, 03/25/42 STACR 2022-HQA1 35564KTJ8 - - 3,856,000 $4,073,395 $4,073,395 0.31 $4,059,250
JP Morgan Mortgage Trust 2024-CES1 A1B 6.019% 25-JUN-2054, 6.02%, 06/25/54 JPMMT 2024-CES1 46658CAB7 - - 4,002,961 $4,059,264 $4,059,264 0.31 $4,033,163
BX Trust 2024-BRBK A 6.91181% 15-OCT-2041, 6.91%, 10/15/41 BX 2024-BRBK 05613NAA5 - - 3,991,885 $4,044,072 $4,044,072 0.31 $4,024,146
Affirm Asset Securitization Trust 2025-X2|5.23|10/15/2030, 5.23%, 10/15/30 AFFRM 2025-X2 00835DAD4 - - 4,000,000 $4,001,714 $4,001,714 0.31 $4,001,714
Carvana Auto Receivables Trust 2021-N3 E 3.16% 10-JUN-2028, 3.16%, 06/12/28 CRVNA 2021-N3 14687GAF2 - - 4,057,488 $3,973,235 $3,973,235 0.31 $3,962,550
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 B2 11.35603% 25-DEC-2041, 11.18%, 12/25/41 STACR 2021-HQA4 35564KPP8 - - 3,719,000 $3,939,249 $3,939,249 0.30 $3,923,076
COOPR Residential Mortgage Trust 2025-CES1 A1A 5.654% 25-MAY-2060, 5.65%, 05/25/60 COOPR 2025-CES1 12596SAA1 - - 3,861,055 $3,921,819 $3,921,819 0.30 $3,898,169
RCKT MOR 2025-CES9 FLT 2055 A1B, 5.00%, 09/25/55 RCKT 2025-CES9 74942JAB0 - - 3,897,472 $3,912,633 $3,912,633 0.30 $3,891,534
Sierra Timeshare 2025-2 Receivables Funding D 6.79% 20-APR-2044, 6.79%, 04/20/44 SRFC 2025-2A 82653HAD2 - - 3,900,050 $3,904,176 $3,904,176 0.30 $3,889,464
BX Trust 2025-LUNR D 6.53217% 15-JUN-2040, 6.53%, 06/15/40 BX 2025-LUNR 05594CAK0 - - 3,822,340 $3,845,512 $3,845,512 0.30 $3,827,480
LHOME Mortgage Trust 2024-RTL5 A2 5.751% 25-SEP-2039, 5.75%, 09/25/39 LHOME 2024-RTL5 50205WAB3 - - 3,766,000 $3,796,355 $3,796,355 0.29 $3,787,330
BMP Commercial Mortgage Trust 2024-MF23 D 6.42266% 15-JUN-2041, 6.42%, 06/15/41 BMP 2024-MF23 05593JAG5 - - 3,750,000 $3,770,004 $3,770,004 0.29 $3,752,609
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 $3,768,976 $3,768,976 0.29 $3,738,739
FREMF 2023-K511 Mortgage Trust C 5.822334% 25-NOV-2028, 5.63%, 11/25/28 FREMF 2023-K511 30334FAG5 - - 4,000,000 $3,757,647 $3,757,647 0.29 $3,752,013
Vontive Mortgage Trust 2025-RTL1 A1 6.507% 25-MAR-2030, 6.51%, 03/25/30 VNTV 2025-RTL1 928884AA3 - - 3,672,000 $3,749,160 $3,749,160 0.29 $3,739,204
BX Trust 2021-MFM1 E 6.397% 15-JAN-2034, 6.40%, 01/15/34 BX 2021-MFM1 05608VAL0 - - 3,733,520 $3,748,557 $3,748,557 0.29 $3,731,310
Connecticut Avenue Securities Trust 2025-R04 25-MAY-2045, 5.38%, 05/25/45 CAS 2025-R04 20755TAB7 - - 3,705,231 $3,717,877 $3,717,877 0.29 $3,710,121
Extended Stay America Trust 2025-ESH E 7.5% 15-OCT-2042, 7.50%, 10/15/42 ESA 2025-ESH 30227TAJ9 - - 3,675,000 $3,715,982 $3,715,982 0.29 $3,699,904
Extended Stay America Trust 2025-ESH D 6.75% 15-OCT-2042, 6.75%, 10/15/42 ESA 2025-ESH 30227TAG5 - - 3,675,000 $3,713,063 $3,713,063 0.29 $3,698,593
Chase Auto Owner Trust 2025-1 D 5.24% 25-NOV-2032, 5.24%, 11/26/32 CHAOT 2025-1A 16145NAG6 - - 3,600,000 $3,630,978 $3,630,978 0.28 $3,623,118
BX Commercial Mortgage Trust 2024-XL5 D 6.72197% 15-MAR-2041, 6.72%, 03/15/41 BX 2024-XL5 05612GAG8 - - 3,593,002 $3,611,923 $3,611,923 0.28 $3,594,480
Bayview Opportunity Master Fund VII 2025-EDU1 C 5.98279% 25-JUL-2048, 5.98%, 07/27/48 BVCLN 2025-EDU1 07337GAC7 - - 3,596,791 $3,579,319 $3,579,319 0.28 $3,570,950
DROP Mortgage Trust 2021-FILE A 5.297% 15-OCT-2043, 5.30%, 10/15/43 DROP 2021-FILE 26210YAA4 - - 3,650,000 $3,566,518 $3,566,518 0.27 $3,552,556
SCG Trust 2025-SNIP D 6.63217% 15-SEP-2042, 6.63%, 09/15/42 SCG 2025-SNIP 78398JAG9 - - 3,500,000 $3,537,471 $3,537,471 0.27 $3,520,707
Affirm Master Trust Series 2025-3 B 4.75% 15-OCT-2034, 4.75%, 10/16/34 AFRMT 2025-3A 00833BAP3 - - 3,500,000 $3,521,305 $3,521,305 0.27 $3,499,600
CSMC 2021-BHAR C 6.147% 15-NOV-2038, 6.15%, 11/15/38 CSMC 2021-BHAR 12659VAJ9 - - 3,446,000 $3,430,318 $3,430,318 0.26 $3,415,018
Taco Bell Funding Series 2025-1 A2I 4.821% 25-AUG-2055, 4.82%, 08/25/55 BELL 2025-1A 87342RAK0 - - 3,425,000 $3,428,947 $3,428,947 0.26 $3,407,848
Homeward Opportunities Fund Trust 2024-RTL1 A2 8.57% 25-JUL-2029, 8.57%, 07/25/29 HOF 43789FAB9 - - 3,391,000 $3,409,244 $3,409,244 0.26 $3,397,136
RCKT Mortgage Trust 2024-CES9 A1B 5.683% 25-DEC-2044, 5.68%, 12/25/44 RCKT 2024-CES9 749426AB8 - - 3,361,326 $3,403,032 $3,403,032 0.26 $3,382,337
Saluda Grade Alternative Mortgage Trust 2023-FIG3 A 7.067% 25-AUG-2053, 7.07%, 08/25/53 GRADE 79582AAA5 - - 3,259,475 $3,389,666 $3,389,666 0.26 $3,364,712
Hilton Grand Vacations Trust 2025-1 C 5.52% 25-AUG-2040, 5.52%, 05/27/42 HGVT 2025-1A 43283CAC5 - - 3,274,648 $3,326,114 $3,326,114 0.26 $3,318,582
BX Trust 2021-ARIA D 6.0424% 15-OCT-2036, 6.04%, 10/15/36 BX 2021-ARIA 05608RAJ4 - - 3,300,000 $3,308,199 $3,308,199 0.26 $3,293,799
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 $3,296,166 $3,296,166 0.25 $3,278,676
Compass Datacenters Issuer II, Series 2024-2 B2_2402 25-AUG-2049, 6.00%, 08/25/49 CMPDC 2024-2A 20469AAF6 - - 3,250,000 $3,280,010 $3,280,010 0.25 $3,271,886
Connecticut Avenue Securities Trust 2022-R01 1B2 10.18279% 25-DEC-2041, 10.18%, 12/25/41 CAS 2022-R01 20754LAJ8 - - 3,108,409 $3,255,183 $3,255,183 0.25 $3,242,874
Wingspire Equipment Finance 2025-1 D 5.45% 20-SEP-2033, 5.45%, 09/20/33 WEF 2025-1A 97415CAE8 - - 3,194,000 $3,195,887 $3,195,887 0.25 $3,186,216
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 $3,188,657 $3,188,657 0.25 $3,178,783
Kioxia Holdings Corporation 6.625% 24-JUL-2033, 6.62%, 07/24/33 KIOXIA 49726JAB4 - - 3,000,000 $3,181,314 $3,181,314 0.25 $3,122,793
PRPM 2025-2 A1 6.469% 25-MAY-2030, 6.47%, 05/25/30 PRPM 2025-2 69382HAA3 - - 3,144,495 $3,171,172 $3,171,172 0.24 $3,149,135
FinBe USA Trust 2025-1 B 6.6% 15-DEC-2030, 6.60%, 12/16/30 FINBE 2025-1A 317967AB3 - - 3,250,000 $3,167,984 $3,167,984 0.24 $3,153,088
VERTICAL BRIDGE LLC 2016-1 7.728% 55, 7.45%, 08/16/55 VBTOW 2025-1A 92535VAU6 - - 3,144,000 $3,155,966 $3,155,966 0.24 $3,139,709
LHOME Mortgage Trust 2024-RTL4 A2 6.092% 25-JUL-2039, 6.09%, 07/25/39 LHOME 2024-RTL4 50205PAB8 - - 3,130,000 $3,150,758 $3,150,758 0.24 $3,142,813
Libra Solutions 2025-1 B 8.055% 15-AUG-2039, 8.05%, 08/15/39 OASIS 2025-1A 53161AAB7 - - 3,100,000 $3,130,036 $3,130,036 0.24 $3,112,695
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 $3,109,640 $3,109,640 0.24 $3,093,697
VERTICAL BRIDGE LLC 2016-1 9.383% 55, 9.38%, 08/16/55 VBTOW 2025-1A 92535VAW2 - - 3,100,000 $3,097,943 $3,097,943 0.24 $3,077,744
BX Trust 2021-ARIA F 6.7405% 15-OCT-2036, 6.74%, 10/15/36 BX 2021-ARIA 05608RAN5 - - 3,088,000 $3,097,706 $3,097,706 0.24 $3,082,674
Connecticut Avenue Securities Trust 2024-R05 2M1 5.18279% 25-JUL-2044, 5.18%, 07/25/44 CAS 2024-R05 20754XAB9 - - 3,091,021 $3,096,320 $3,096,320 0.24 $3,090,090
BX Trust 2024-BIO C 6.67217% 15-FEB-2041, 6.67%, 02/15/41 BX 2024-BIO 05612AAJ5 - - 3,107,000 $3,090,452 $3,090,452 0.24 $3,075,480
Galaxy XXVI CLO Ltd., 6.84%, 07/31/26 GLXYT 2025-1 362922AA4 - - 3,068,509 $3,088,997 $3,088,997 0.24 $3,084,913
Homeward Opportunities Fund Trust 2024-RTL1 A1 7.12% 25-JUL-2029, 7.12%, 07/25/29 HOF 43789FAA1 - - 3,070,000 $3,085,876 $3,085,876 0.24 $3,076,768
LHOME Mortgage Trust 2024-RTL3 A1 6.9% 25-MAY-2029, 6.90%, 05/25/29 LHOME 2024-RTL3 50205GAA0 - - 3,040,000 $3,080,069 $3,080,069 0.24 $3,071,329
Connecticut Avenue Securities, Series 2021-R01 1B1 7.28279% 25-OCT-2041, 7.28%, 10/25/41 CAS 2021-R01 20754RAF3 - - 3,000,000 $3,062,366 $3,062,366 0.24 $3,053,869
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 $3,046,355 $3,046,355 0.23 $3,039,205
SWITCH ABS ISSUER 2025-2 A2 II, 5.37%, 10/25/55 SWTCH 2025-2A 871044AU7 - - 3,000,000 $3,020,507 $3,020,507 0.23 $3,009,777
BFLD Commercial Mortgage Trust 2025-5MW C 5.632938% 10-OCT-2042, 5.45%, 10/10/42 BFLD 2025-5MW 088921AC5 - - 3,000,000 $3,018,279 $3,018,279 0.23 $3,000,563
Sierra Timeshare 2025-3 Receivables Funding C 4.98% 20-AUG-2044, 4.98%, 08/22/44 SRFC 2025-3A 82650FAC1 - - 3,000,000 $2,992,376 $2,992,376 0.23 $2,982,001
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 $2,987,203 $2,987,203 0.23 $2,963,495
Carvana Auto Receivables Trust 2025-P3 D 5.47% 10-SEP-2033, 5.47%, 09/12/33 CRVNA 2025-P3 14688AAG2 - - 3,000,000 $2,966,456 $2,966,456 0.23 $2,952,781
BXP Trust 2017-GM E 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 2017-GM 056083AN8 - - 3,080,000 $2,947,347 $2,947,347 0.23 $2,935,920
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 $2,938,476 $2,938,476 0.23 $2,918,368
SWCH Commercial Mortgage Trust 2025-DATA E 7.37239% 15-FEB-2042, 7.37%, 02/15/42 SWCH 2025-DATA 78489CAE9 - - 2,950,000 $2,937,712 $2,937,712 0.23 $2,922,004
RCKT Mortgage Trust 2025-CES2 A1B 5.603% 25-FEB-2055, 5.60%, 02/25/55 RCKT 2025-CES2 74942BAB7 - - 2,885,882 $2,919,597 $2,919,597 0.23 $2,902,080
RCKT Mortgage Trust 2024-CES8 A1A 5.48955% 25-OCT-2044, 5.49%, 11/25/44 RCKT 2024-CES8 749421AA1 - - 2,880,839 $2,913,302 $2,913,302 0.22 $2,896,169
Lendbuzz Securitization Trust 2025-2 C 5.28% 15-APR-2031, 5.28%, 04/15/31 LBZZ 2025-2A 52611JAD2 - - 2,921,000 $2,898,229 $2,898,229 0.22 $2,887,518
SCG Commercial Mortgage Trust 2025-FLWR E 6.78217% 15-AUG-2042, 6.78%, 08/15/42 SCG 2025-FLWR 78438AAJ4 - - 2,867,000 $2,880,012 $2,880,012 0.22 $2,865,969
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 $2,877,965 $2,877,965 0.22 $2,866,687
BPR Trust 2024-PMDW D 5.85% 05-NOV-2041, 5.85%, 11/05/41 BPR 2024-PMDW 05592VAJ3 - - 2,870,000 $2,841,511 $2,841,511 0.22 $2,837,313
Exeter Automobile Receivables Trust 2024-3 E 7.84% 15-OCT-2031, 7.84%, 10/15/31 EART 30165AAG0 - - 2,700,000 $2,838,155 $2,838,155 0.22 $2,823,455
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 $2,797,066 $2,797,066 0.22 $2,778,492
FIGRE Trust 2024-HE3 C 6.229% 25-JUL-2054, 6.23%, 07/25/54 FIGRE 2024-HE3 31684GAC6 - - 2,717,131 $2,772,569 $2,772,569 0.21 $2,765,517
BX Trust 2025-ROIC E 6.97346% 15-FEB-2042, 6.97%, 03/15/30 BX 2025-ROIC 05593VAN3 - - 2,771,192 $2,764,786 $2,764,786 0.21 $2,750,829
HILTON GRAND VACATIONS TRUS 5.12% 44, 5.12%, 05/25/44 HGVT 2025-2A 43285JAC8 - - 2,730,692 $2,743,906 $2,743,906 0.21 $2,738,080
A&D Mortgage Trust 2025-NQM2 A1 5.79% 25-JUN-2070, 5.79%, 06/25/70 ADMT 2025-NQM2 00250EAC0 - - 2,701,410 $2,740,227 $2,740,227 0.21 $2,723,282
Tricolor Auto Securitization Trust 2025-1 C 5.72% 15-OCT-2029, 5.72%, 10/15/29 TAST 2025-1A 89617CAC5 - - 11,502,000 $2,737,749 $2,737,749 0.21 $2,637,234
Lendbuzz Securitization Trust 2024-2 B 6.52% 15-FEB-2030, 6.52%, 07/16/29 LBZZ 2024-2A 525920AC8 - - 2,650,000 $2,710,418 $2,710,418 0.21 $2,698,420
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 $2,703,883 $2,703,883 0.21 $2,695,963
FINANCE OF AMERICA STRUC 3.28125% 74, 3.50%, 04/25/74 FASST 2024-S3 31739WAB8 - - 2,771,764 $2,702,238 $2,702,238 0.21 $2,698,195
Finance of America Structured Securities Trust, 2025-S1 A1 3.5% 25-FEB-2075, 3.50%, 02/25/75 FASST 2025-S1 31741BAB0 - - 2,776,673 $2,693,951 $2,693,951 0.21 $2,689,902
MHC Commercial Mortgage Trust 2021-MHC F 6.748442% 15-APR-2038, 6.75%, 04/15/38 MHC 2021-MHC 55316VAL8 - - 2,660,000 $2,672,588 $2,672,588 0.21 $2,659,625
Connecticut Avenue Securities Trust 2024-R06 1M2 5.78279% 25-SEP-2044, 5.78%, 09/25/44 CAS 2024-R06 20755RAC9 - - 2,647,442 $2,654,900 $2,654,900 0.20 $2,648,946
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 C 6.43379% 20-MAR-2033, 6.43%, 03/21/33 HACLN 2025-1 446438SZ7 - - 2,618,167 $2,633,664 $2,633,664 0.20 $2,623,838
Reach ABS Trust 2025-2 C 5.69% 15-AUG-2032, 5.69%, 08/18/32 REACH 2025-2A 75525QAC4 - - 2,593,000 $2,631,809 $2,631,809 0.20 $2,621,563
RCKT Mortgage Trust 2024-CES7 A1A 5.158% 25-OCT-2044, 5.16%, 10/25/44 RCKT 2024-CES7 749414AA6 - - 2,578,641 $2,593,272 $2,593,272 0.20 $2,578,862
Lendbuzz Securitization Trust 2024-1 C 7.58% 15-SEP-2030, 7.58%, 09/15/30 LBZZ 2024-1A C 525935AD4 - - 2,500,000 $2,562,371 $2,562,371 0.20 $2,549,211
Zais CLO 11 BR 5.67444% 20-JAN-2032, 5.67%, 01/20/32 ZAIS 2018-11A 98887YAQ0 - - 2,500,000 $2,551,754 $2,551,754 0.20 $2,504,832
ExteNet Issuer, Series 2025-1 C_251 8.272% 25-JUL-2054, 8.27%, 07/25/54 EXTNT 2025-1A 30227XAS0 - - 2,500,000 $2,548,412 $2,548,412 0.20 $2,539,796
Wingspire Equipment Finance 2024-1 D 6.31% 20-SEP-2032, 6.31%, 09/20/32 WEF 2024-1A 97415AAE2 - - 2,500,000 $2,545,327 $2,545,327 0.20 $2,536,563
Wells Fargo Commercial Mortgage Trust 2024-1CHI C 6.433771% 15-JUL-2035, 6.23%, 07/15/35 WFCM 2024-1CHI 95003PAE1 - - 2,500,000 $2,540,356 $2,540,356 0.20 $2,523,494
Coinstar Funding Series 2017-1 A2 5.216% 25-APR-2047, 5.22%, 04/25/47 COIN 2017-1A 19260MAA4 - - 2,745,000 $2,533,554 $2,533,554 0.20 $2,527,589
USB Auto Owner Trust 2025-1 D 5.4% 15-DEC-2032, 5.40%, 12/15/32 USCAR 2025-1A 90367VAG4 - - 2,500,000 $2,532,860 $2,532,860 0.20 $2,523,485
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 $2,524,272 $2,524,272 0.19 $2,513,667
Sandstone Peak III C 6.50798% 25-APR-2037, 6.51%, 04/25/37 SAND 2024-1A 799928AJ5 - - 2,500,000 $2,519,600 $2,519,600 0.19 $2,513,273
Affirm Asset Securitization Trust 2024-X1 C 6.57% 15-MAY-2029, 6.57%, 05/15/29 AFFRM 2024-X1 00834XAC3 - - 2,500,000 $2,517,269 $2,517,269 0.19 $2,505,863
MTN Commercial Mortgage Trust 2022-LPFL B 5.9356% 15-MAR-2039, 5.94%, 03/15/39 MTN 2022-LPFL 62475WAC9 - - 2,500,000 $2,511,920 $2,511,920 0.19 $2,501,203
WB Commercial Mortgage Trust 2024-HQ C 7.13342% 16-MAR-2040, 6.90%, 03/15/40 WB 2024-HQ 92943PAE1 - - 2,500,000 $2,510,957 $2,510,957 0.19 $2,492,261
BX Commercial Mortgage Trust 2024-AIR2 D 6.82245% 15-OCT-2041, 6.82%, 10/15/41 BX 2024-AIR2 05613QAG5 - - 2,489,072 $2,502,847 $2,502,847 0.19 $2,490,580
RCKTL 2025-2 0% 34, 4.95%, 11/27/34 RCKTL 2025-2A 74939HAC7 - - 2,500,000 $2,499,830 $2,499,830 0.19 $2,496,049
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2022-DNA1 B2 11.28279% 25-JAN-2042, 11.28%, 01/25/42 STACR 2022-DNA1 35564KQZ5 - - 2,350,000 $2,496,955 $2,496,955 0.19 $2,486,643
280 Park Avenue 2017-280P Mortgage Trust B 5.464% 15-SEP-2034, 5.46%, 09/15/34 PRK 2017-280P 90205FAG5 - - 2,500,000 $2,481,583 $2,481,583 0.19 $2,471,718
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAA3 - - 2,447,988 $2,478,727 $2,478,727 0.19 $2,464,804
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 $2,467,689 $2,467,689 0.19 $2,462,889
FIGRE TRUST 2025-PF2 FLTG 2055 B, 5.12%, 10/25/55 FIGRE 2025-PF2 316918AB7 - - 2,463,814 $2,460,270 $2,460,270 0.19 $2,446,612
Upstart Securitization Trust 2025-3 C 5.43% 20-SEP-2035, 5.43%, 09/20/35 UPST 2025 91684FAD0 - - 2,473,000 $2,459,429 $2,459,429 0.19 $2,451,968
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 $2,438,692 $2,438,692 0.19 $2,428,640
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 $2,425,313 $2,425,313 0.19 $2,416,078
Hudson's Bay Simon JV Trust 2015-HBS B10 4.9056% 05-AUG-2034, 4.91%, 08/05/34 HBCT 44422PBW1 - - 2,500,000 $2,422,619 $2,422,619 0.19 $2,419,553
PRET 2025-RPL5 Trust|4.15|01/25/2070, 4.15%, 01/25/70 PRET 2025-RPL5 69393AAA5 - - 2,475,000 $2,422,388 $2,422,388 0.19 $2,411,260
Towd Point Mortgage Trust 2025-FIX2|5.249|10/25/2065, 5.25%, 10/25/65 TPMT 2025-FIX2 89183RAA0 - - 2,386,000 $2,401,204 $2,401,204 0.19 $2,387,636
Reach ABS Trust 2024-1 C 6.9% 15-FEB-2031, 6.90%, 02/18/31 REACH 2024-1A 75526PAC5 - - 2,295,000 $2,378,972 $2,378,972 0.18 $2,367,975
PRM7 Trust 2025-PRM7 E 6.839055% 10-NOV-2042, 6.84%, 11/10/42 PRM7 2025-PRM7 74290HAJ5 - - 2,385,000 $2,372,294 $2,372,294 0.18 $2,354,624
FIGRE TRUST 2025-PF2 FLTG 2055 C, 5.22%, 10/25/55 FIGRE 2025-PF2 316918AC5 - - 2,365,261 $2,362,230 $2,362,230 0.18 $2,348,859
ALA Trust 2025-OANA D 7.12372% 15-JUN-2040, 7.12%, 06/15/40 ALA 2025-OANA 009920AG4 - - 2,333,000 $2,352,195 $2,352,195 0.18 $2,340,192
Connecticut Avenue Securities Trust 2025-R06 1M1 5.13279% 25-SEP-2045, 5.13%, 09/25/45 CAS 2025-R06 20754YAB7 - - 2,339,650 $2,342,323 $2,342,323 0.18 $2,337,653
SREIT Commercial Mortgage Trust 2021-MFP2 F 6.7652% 15-NOV-2036, 6.76%, 11/15/36 SREIT 2021-MFP2 85236WCQ7 - - 2,334,000 $2,341,255 $2,341,255 0.18 $2,329,852
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 $2,332,646 $2,332,646 0.18 $2,320,863
LHOME Mortgage Trust 2024-RTL1 A1 7.017% 25-JAN-2029, 7.02%, 01/25/29 LHOME 2024-RTL1 50205DAA7 - - 2,311,000 $2,327,635 $2,327,635 0.18 $2,320,878
Connecticut Avenue Securities, Series 2021-R03 1B1 6.93279% 25-DEC-2041, 6.93%, 12/25/41 CAS 2021-R03 20754AAF0 - - 2,250,000 $2,291,537 $2,291,537 0.18 $2,285,471
EFMT 2025-CES1 A1B 5.877% 25-JAN-2060, 5.88%, 01/25/60 EFMT 2025-CES1 26846VAB0 - - 2,245,249 $2,278,911 $2,278,911 0.18 $2,264,616
Chase Auto Credit Linked Notes, Series 2025-1 F 6.996% 25-JUN-2033, 7.00%, 02/25/33 CACLN 2025-1 46591HCW8 - - 2,216,469 $2,252,370 $2,252,370 0.17 $2,245,909
Acacia 2025-1 LLC|5.24|11/15/2037, 5.24%, 11/15/37 ACACIA 2025-1 00401PAA7 - - 2,251,000 $2,250,945 $2,250,945 0.17 $2,250,945
BXP Trust 2017-GM D 3.53896% 13-JUN-2039, 3.42%, 06/13/39 BXP 056083AL2 - - 2,310,000 $2,237,185 $2,237,185 0.17 $2,228,614
GS Mortgage-Backed Securities Trust 2025-RPL3 A1 4.1% 25-JUL-2065, 4.10%, 07/25/65 GSMBS 2025-RPL3 362963AA8 - - 2,246,489 $2,205,985 $2,205,985 0.17 $2,196,007
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 $2,196,893 $2,196,893 0.17 $2,188,734
BX Commercial Mortgage Trust 2024-GPA3 C 5.92398% 15-DEC-2039, 5.92%, 12/15/39 BX 2024-GPA3 123910AE1 - - 2,165,574 $2,177,233 $2,177,233 0.17 $2,167,968
CONE Trust 2024-DFW1 A 5.6739% 15-AUG-2041, 5.67%, 08/15/41 CONE 2024-DFW1 20682AAA8 - - 2,165,000 $2,170,078 $2,170,078 0.17 $2,161,207
PRPM 2025-RPL3 A1 3.25% 25-APR-2055, 3.25%, 04/25/55 PRPM 2025-RPL3 69392NAA8 - - 2,237,820 $2,158,241 $2,158,241 0.17 $2,150,362
BAMLL Re-REMIC Trust 2025-FRR5 E736 0.937924% 27-SEP-2052, 0.86%, 09/27/52 BAMLL 05494BAJ6 - - 2,405,067 $2,150,943 $2,150,943 0.17 $2,148,702
FINANCE OF AMER STR TR 2024-S2 A1, 3.50%, 04/25/74 FASST 2024-S2 31739VAA2 - - 2,194,116 $2,148,129 $2,148,129 0.17 $2,144,929
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 $2,140,841 $2,140,841 0.17 $2,138,546
OPEN Trust 2023-AIR B 7.870167% 15-NOV-2040, 7.87%, 11/15/40 OPEN 2023-AIR 68373BAC5 - - 2,080,000 $2,092,023 $2,092,023 0.16 $2,080,200
GS MTG-BKD TRUST 2025-CES2 A1, 5.18%, 09/25/55 GSMBS 2025-CES2 36273BAA7 - - 2,059,213 $2,073,161 $2,073,161 0.16 $2,061,606
MKT 2020-525M Mortgage Trust D 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAJ6 - - 2,500,000 $2,050,791 $2,050,791 0.16 $2,042,827
Post Road Equipment Finance 2025-1 E 7.08% 15-MAY-2032, 7.08%, 05/17/32 PREF 2025-1A 73747LAF5 - - 2,000,000 $2,043,186 $2,043,186 0.16 $2,033,352
RCKT MORT 2025-CES9 FLT 2055 A1A, 4.79%, 09/25/55 RCKT 2025-CES9 74942JAA2 - - 2,032,818 $2,038,303 $2,038,303 0.16 $2,027,743
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA3 B1 7.53279% 25-SEP-2041, 7.53%, 09/25/41 STACR 2021-HQA3 35564KKK4 - - 2,000,000 $2,038,258 $2,038,258 0.16 $2,032,264
Reach ABS Trust 2025-1 C 5.99% 15-AUG-2032, 5.99%, 08/16/32 REACH 2025-1A 75525PAC6 - - 2,000,000 $2,025,340 $2,025,340 0.16 $2,017,021
GWT Commercial Mortgage Trust 2024-WLF2 E 7.6706% 15-MAY-2041, 7.67%, 05/15/41 GWT 2024-WLF2 362414AJ3 - - 2,000,000 $2,022,259 $2,022,259 0.16 $2,011,179
PRPM 2025-RCF5 6.7%55 A3, 5.46%, 10/25/55 PRPM 2025-RCF5 69384AAC2 - - 2,000,000 $2,016,839 $2,016,839 0.16 $1,995,909
SMRT Commercial Mortgage Trust 2022-MINI F 7.38217% 15-JAN-2039, 7.38%, 01/15/39 SMRT 2022-MINI 78457JAQ5 - - 2,025,000 $2,015,126 $2,015,126 0.16 $2,004,328
Libra Solutions 2024-1 A 5.88% 30-SEP-2038, 5.88%, 09/30/38 OASIS 2024-1A 53161XAA9 - - 2,000,000 $2,000,793 $2,000,793 0.15 $1,997,527
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 $1,986,010 $1,986,010 0.15 $1,965,390
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 - - 1,950,478 $1,976,815 $1,976,815 0.15 $1,971,298
LIFE 2022-BMR2 Mortgage Trust D 6.57408% 15-MAY-2039, 6.57%, 05/15/39 LIFE 2022-BMR2 53218DAJ7 - - 2,215,000 $1,957,874 $1,957,874 0.15 $1,947,357
FIGRE TRUST 2025-HE4 FLTG 2055 C, 5.71%, 07/25/55 FIGRE 2025-HE4 31684PAC6 - - 1,928,006 $1,949,896 $1,949,896 0.15 $1,937,972
BX Trust 2022-FOX2 D 6.14314% 15-APR-2039, 6.14%, 04/15/39 BX 2022-FOX2 05610AAG3 - - 1,942,500 $1,949,382 $1,949,382 0.15 $1,940,764
BX Commercial Mortgage Trust 2024-AIR2 C 6.27324% 15-OCT-2041, 6.27%, 10/15/41 BX 2024-AIR2 05613QAE0 - - 1,918,360 $1,929,222 $1,929,222 0.15 $1,920,529
Tricolor Auto Securitization Trust 2024-1 A 6.61% 15-OCT-2027, 6.61%, 10/15/27 TAST 2024-1A 89616LAA0 - - 1,945,522 $1,926,234 $1,926,234 0.15 $1,906,586
Easy Street Mortgage Loan Trust 2025-RTL2|5.606|10/25/2040, 5.61%, 10/25/40 EASY 2025-RTL2 27786YAA6 - - 1,900,000 $1,902,974 $1,902,974 0.15 $1,901,495
COMM 2016-667M A 3.14% 10-OCT-2036, 3.14%, 10/10/36 COMM 12636GAA9 - - 2,120,000 $1,882,955 $1,882,955 0.15 $1,875,744
ACHM Trust 2024-HE1 B 7.26% 25-MAY-2039, 7.26%, 05/25/39 ACHM 2024-HE1 00449TAB1 - - 1,806,258 $1,872,945 $1,872,945 0.14 $1,867,481
Angel Oak Mortgage Trust 2025-6 A2 5.768% 25-APR-2070, 5.77%, 04/25/70 AOMT 2025-6 034937AB8 - - 1,830,709 $1,856,188 $1,856,188 0.14 $1,844,749
BX Trust 2024-BRBK B 7.95877% 15-OCT-2041, 7.96%, 10/15/41 BX 2024-BRBK 05613NAG2 - - 1,850,000 $1,847,272 $1,847,272 0.14 $1,836,639
FIGRE Trust 2025-HE3 C 5.91% 25-MAY-2055, 5.91%, 05/25/55 FIGRE 2025-HE3 31684LAC5 - - 1,807,707 $1,835,167 $1,835,167 0.14 $1,823,593
Saluda Grade Alternative Mortgage Trust 2024-FIG5 B 6.603% 25-APR-2054, 6.60%, 04/25/54 GRADE 2024-FIG5 79582MAB7 - - 1,805,329 $1,833,961 $1,833,961 0.14 $1,821,047
FIGRE Trust 2025-HE3 B 5.71% 25-MAY-2055, 5.71%, 05/25/55 FIGRE 2025-HE3 31684LAB7 - - 1,807,707 $1,831,553 $1,831,553 0.14 $1,820,371
Lennar Corporation Class A LEN US 526057104 - - 14,999 $1,823,128 $1,823,128 0.14 $1,823,128
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 $1,810,799 $1,810,799 0.14 $1,806,786
BX Trust 2021-BXMF G 7.496513% 15-OCT-2038, 7.50%, 10/15/26 BX 2021-BXMF 05609RAS3 - - 1,808,470 $1,810,616 $1,810,616 0.14 $1,800,826
BXHPP Trust 2021-FILM C 5.247% 15-AUG-2036, 5.25%, 08/15/36 BXHPP 2021-FILM 05609JAL6 - - 1,950,000 $1,802,387 $1,802,387 0.14 $1,794,998
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 $1,801,922 $1,801,922 0.14 $1,796,936
Alterna Funding III B 7.136% 15-MAY-2039, 7.14%, 05/16/39 TAX 2024-1A 02157JAC9 - - 1,767,799 $1,779,024 $1,779,024 0.14 $1,770,264
SBNA Auto Receivables Trust 2025-SF1 D 5.34% 15-MAY-2030, 5.34%, 09/15/31 SBAT 2025-SF1 78437XAD8 - - 1,750,000 $1,775,601 $1,775,601 0.14 $1,769,111
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 $1,756,772 $1,756,772 0.14 $1,743,789
CarMax Auto Owner Trust 2025-4 D 5.11% 15-MAR-2032, 5.11%, 05/17/32 CARMX 2025-4 14320HAH9 - - 1,750,000 $1,750,314 $1,750,314 0.13 $1,745,843
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 $1,747,418 $1,747,418 0.13 $1,726,087
RCKT MORTGAGE TRUST 2025-CE 5.42% 34, 5.42%, 07/25/34 RCKTL 2025-1A 74939RAD3 - - 1,750,000 $1,735,792 $1,735,792 0.13 $1,732,367
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 C 6.78379% 20-OCT-2032, 6.78%, 10/20/32 HACLN 2024-2 44644NAJ8 - - 1,716,877 $1,733,766 $1,733,766 0.13 $1,726,972
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 $1,670,612 $1,670,612 0.13 $1,656,821
CarMax Auto Owner Trust 2024-1 D 6.0% 15-JUL-2030, 6.00%, 07/15/30 CARMX 2024-1 14318WAH0 - - 1,620,000 $1,661,936 $1,661,936 0.13 $1,655,186
UMBS TBA 30yr 4% December Delivery, 4.00%, 12/11/25 FNCL 01F0406C6 - - 1,738,000 $1,649,704 $1,649,704 0.13 $1,649,704
Brean Asset Backed Securities Trust 2024-RM9 A1 5.0% 25-SEP-2064, 5.00%, 09/25/64 BABS 2024-RM9 10638DAA8 - - 1,629,421 $1,624,275 $1,624,275 0.13 $1,620,880
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-HQA4 M2 6.70603% 25-DEC-2041, 6.53%, 12/25/41 STACR 2021-HQA4 35564KNS4 - - 1,600,000 $1,624,085 $1,624,085 0.13 $1,620,020
RCKT Mortgage Trust 2024-CES8 A1B 5.64082% 25-OCT-2044, 5.64%, 11/25/44 RCKT 2024-CES8 749421AB9 - - 1,603,138 $1,621,808 $1,621,808 0.13 $1,612,011
CALI Mortgage Trust 2019-101C B 4.158% 10-MAR-2039, 4.16%, 03/10/39 CALI 129890AG4 - - 1,700,000 $1,612,901 $1,612,901 0.12 $1,605,243
Business Jet Securities, Series 2024-1 B 6.924% 15-MAY-2039, 6.92%, 05/15/39 BJETS 2024-1A 12327CAB0 - - 1,556,583 $1,609,543 $1,609,543 0.12 $1,602,058
FIGRE TRUST 2025-HE4 5.408% 55, 5.41%, 07/25/55 FIGRE 2025-HE4 31684PAA0 - - 1,584,899 $1,601,757 $1,601,757 0.12 $1,592,471
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 C 7.33379% 20-MAY-2032, 7.33%, 05/20/32 HACLN 2024-1 44644NAC3 - - 1,574,477 $1,596,366 $1,596,366 0.12 $1,589,630
BX Commercial Mortgage Trust 2024-WPT D 6.72187% 15-APR-2041, 6.72%, 03/15/34 BX 2024-WPT 05612JAG2 - - 1,580,000 $1,592,925 $1,592,925 0.12 $1,585,255
Hotwire Funding, Series 2024-1 C_2024_1 9.188% 20-JUN-2054, 9.19%, 06/20/54 HWIRE 44148JAM1 - - 1,500,000 $1,574,257 $1,574,257 0.12 $1,566,601
ExteNet Issuer, Series 2024-1 C_241 9.696429% 25-JUL-2054, 9.05%, 07/25/54 EXTNT 2024-1A 30227XAL5 - - 1,500,000 $1,548,226 $1,548,226 0.12 $1,542,570
RCKT MORTGAGE TR 2025-CES8 A1A, 5.15%, 08/25/55 RCKT 2025-CES8 74939WAA8 - - 1,534,167 $1,547,045 $1,547,045 0.12 $1,538,490
COOPR Residential Mortgage Trust 2025-CES3 A1A 4.84% 25-SEP-2060, 4.84%, 09/25/60 COOPR 2025-CES3 216926AA3 - - 1,539,790 $1,542,323 $1,542,323 0.12 $1,534,250
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 $1,529,029 $1,529,029 0.12 $1,521,873
USB Auto Owner Trust 2025-1 C 4.96% 15-MAR-2031, 4.96%, 03/17/31 USCAR 2025-1A 90367VAF6 - - 1,500,000 $1,525,640 $1,525,640 0.12 $1,520,473
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 $1,524,273 $1,524,273 0.12 $1,517,859
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 $1,523,245 $1,523,245 0.12 $1,516,325
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 $1,517,522 $1,517,522 0.12 $1,496,709
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 $1,514,796 $1,514,796 0.12 $1,505,971
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 $1,511,173 $1,511,173 0.12 $1,504,214
DC Trust 2024-HLTN C 7.286102% 13-APR-2040, 7.04%, 04/13/40 DC 2024-HLTN 24022FAG5 - - 1,500,000 $1,510,944 $1,510,944 0.12 $1,499,510
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 $1,510,509 $1,510,509 0.12 $1,502,855
FIGRE TRUST 2025 HE4 FLTG 2055 B, 5.61%, 07/25/55 FIGRE 2025-HE4 31684PAB8 - - 1,492,426 $1,509,247 $1,509,247 0.12 $1,500,180
JW Commercial Mortgage Trust 2024-MRCO C 6.42222% 15-JUN-2039, 6.42%, 06/15/39 JW 2024-MRCO 46657XAE6 - - 1,500,000 $1,508,562 $1,508,562 0.12 $1,501,605
Saluds Grade Alternative Mortgage Trust 2025-RRTL1|5.32|10/25/2040, 5.32%, 10/25/40 GRADE 2025-RRTL1 79582NAA7 - - 1,500,000 $1,506,292 $1,506,292 0.12 $1,497,647
BX Trust 2021-ARIA E 6.3915% 15-OCT-2036, 6.39%, 10/15/36 BX 2021-ARIA 05608RAL9 - - 1,500,000 $1,504,340 $1,504,340 0.12 $1,497,417
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 $1,476,376 $1,476,376 0.11 $1,462,736
QTS ISSUER ABS I 5.928%55, 5.93%, 05/25/55 QTS 2025-1A 74690DAB7 - - 1,442,000 $1,463,021 $1,463,021 0.11 $1,459,459
RCKT Mortgage Trust 2025-CES7 A1B 5.478% 25-JUL-2055, 5.48%, 07/25/55 RCKT 2025-CES7 74943AAB8 - - 1,442,969 $1,458,076 $1,458,076 0.11 $1,449,513
FIGRE TRUST 2025-HE6 FLTG 2055 C, 5.25%, 09/25/55 FIGRE 2025-HE6 31684NAC1 - - 1,454,000 $1,457,259 $1,457,259 0.11 $1,448,998
Rithm Capital Corp. 8.0% 01-APR-2029, 8.00%, 04/01/29 RITM 64828TAB8 - - 1,417,000 $1,448,271 $1,448,271 0.11 $1,435,991
BAMLL Re-REMIC Trust 2025-FRR5 EK86 0.0% 27-NOV-2051, 0.00%, 11/27/51 BAMLL 05494BBJ5 - - 1,892,604 $1,443,338 $1,443,338 0.11 $1,443,338
LHOME Mortgage Trust 2024-RTL3 A2 8.373% 25-MAY-2029, 8.37%, 05/25/29 LHOME 2024-RTL3 50205GAB8 - - 1,400,000 $1,426,821 $1,426,821 0.11 $1,421,936
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 $1,387,153 $1,387,153 0.11 $1,382,002
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 $1,384,786 $1,384,786 0.11 $1,376,867
MVW 2025-1 C 5.75% 20-SEP-2042, 5.75%, 09/22/42 MVWOT 2025-1A 627924AC7 - - 1,342,243 $1,374,089 $1,374,089 0.11 $1,369,801
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 $1,366,057 $1,366,057 0.11 $1,364,196
BAMLL Re-REMIC Trust 2025-FRR5 EK73 0.009926% 27-FEB-2051, 0.01%, 02/27/51 BAMLL 05494BAW7 - - 1,784,783 $1,348,122 $1,348,122 0.10 $1,348,103
Garda World Security Corporation 6.0% 01-JUN-2029, 6.00%, 06/01/29 GWCN 36485MAL3 - - 1,333,000 $1,326,859 $1,326,859 0.10 $1,291,534
RCKT MORTGAGE TRUST 2025 5.24863% 55, 5.25%, 08/25/55 RCKT 2025-CES8 74939WAB6 - - 1,311,246 $1,318,435 $1,318,435 0.10 $1,310,979
COOPR Residential Mortgage Trust 2025-CES2 A1A 5.502% 25-JUN-2060, 5.50%, 06/25/60 COOPR 2025-CES2 12674UAA1 - - 1,297,446 $1,315,442 $1,315,442 0.10 $1,307,709
Foundation Finance Trust 2024-1 D 8.13% 15-DEC-2049, 8.13%, 12/15/49 FFIN 2024-1A 349941AD6 - - 1,225,223 $1,301,752 $1,301,752 0.10 $1,294,834
FIGRE TRUST 2025-HE6 FLTG 2055 B, 5.14%, 09/25/55 FIGRE 2025-HE6 31684NAB3 - - 1,281,000 $1,283,748 $1,283,748 0.10 $1,276,610
Foundation Finance Trust 2025-3|5.71|08/15/2052, 5.71%, 08/15/52 FFIN 2025-3A 35042TAD4 - - 1,275,000 $1,277,674 $1,277,674 0.10 $1,277,472
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 $1,273,007 $1,273,007 0.10 $1,267,153
Great Wolf Trust 2024-WOLF C 6.42317% 15-MAR-2039, 6.42%, 03/15/39 GWT 2024-WOLF 39152MAE5 - - 1,260,000 $1,270,676 $1,270,676 0.10 $1,264,831
COMM 2024-WCL1 Mortgage Trust C 6.922% 17-JUN-2041, 6.92%, 06/15/41 COMM 2024-WCL1 20047DAE4 - - 1,250,000 $1,261,322 $1,261,322 0.10 $1,255,074
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 $1,221,023 $1,221,023 0.09 $1,214,331
RCKT Mortgage Trust 2024-CES6 A1B 5.546% 25-SEP-2044, 5.55%, 09/25/44 RCKT 2024-CES6 749410AB2 - - 1,198,607 $1,209,454 $1,209,454 0.09 $1,202,253
PRPM 2025-RPL4 A1, 3.00%, 05/25/55 PRPM 2025-RPL4 74448NAA2 - - 1,279,843 $1,208,838 $1,208,838 0.09 $1,204,679
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 $1,203,109 $1,203,109 0.09 $1,197,892
LHOME Mortgage Trust 2024-RTL2 A2 8.897% 25-MAR-2029, 8.90%, 03/25/29 LHOME 2024-RTL2 50205JAB2 - - 1,175,000 $1,193,712 $1,193,712 0.09 $1,189,356
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 $1,191,739 $1,191,739 0.09 $1,184,655
MTN Commercial Mortgage Trust 2022-LPFL D 6.9828% 15-MAR-2039, 6.98%, 03/15/39 MTN 2022-LPFL 62475WAG0 - - 1,175,000 $1,181,128 $1,181,128 0.09 $1,175,203
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 $1,180,568 $1,180,568 0.09 $1,175,201
Connecticut Avenue Securities, Series 2021-R02 2B1 7.65603% 25-NOV-2041, 7.48%, 11/25/41 CAS 2021-R02 20754KAF8 - - 1,141,001 $1,169,935 $1,169,935 0.09 $1,166,615
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 D 7.68379% 20-MAR-2033, 7.68%, 03/21/33 HACLN 2025-1 446438TA1 - - 1,131,547 $1,136,609 $1,136,609 0.09 $1,131,537
FHF Issuer Trust 2024-2 (First Help Financial) A2 5.89% 15-JUN-2030, 5.89%, 06/15/30 FHF 2024-2A 30336NAC5 - - 1,114,653 $1,124,931 $1,124,931 0.09 $1,120,372
BX Trust 2024-CNYN C 5.97333% 15-APR-2041, 5.97%, 04/15/41 BX 2024- CNYN 05612HAE1 - - 1,114,181 $1,119,730 $1,119,730 0.09 $1,114,923
MKT 2020-525M Mortgage Trust F 3.03862% 12-FEB-2040, 2.94%, 02/12/40 MKT 55316PAN7 - - 1,541,000 $1,110,479 $1,110,479 0.09 $1,105,570
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 D 8.18379% 20-OCT-2032, 8.18%, 10/20/32 HACLN 2024-2 44644NAK5 - - 1,092,007 $1,108,311 $1,108,311 0.09 $1,103,098
BX Trust 2024-VLT4 D 6.472222% 15-JUN-2041, 6.47%, 06/15/41 BX 2024-VLT4 05612TAG0 - - 1,100,000 $1,093,877 $1,093,877 0.08 $1,088,735
MS RES MTG LN TR 2025-SPL1 A1, 4.25%, 02/25/65 MSRM 2025-SPL1 617946AA6 - - 1,106,676 $1,083,167 $1,083,167 0.08 $1,078,071
Foundation Finance Trust 2023-2 D 9.1% 15-JUN-2049, 9.10%, 06/15/49 FFIN 2023-2A 35042RAD8 - - 993,561 $1,066,148 $1,066,148 0.08 $1,059,870
RCKT Mortgage Trust 2025-CES10|4.894|11/25/2055, 4.89%, 11/25/55 RCKT 2025-CES10 74939LAA2 - - 1,063,000 $1,064,715 $1,064,715 0.08 $1,059,079
Connecticut Avenue Securities Trust 2025-R01 1M2 5.68279% 25-JAN-2045, 5.68%, 01/25/45 CAS 2025-R01 20755JAC7 - - 1,054,000 $1,054,546 $1,054,546 0.08 $1,052,217
SBNA Auto Receivables Trust 2024-A E 8.0% 15-APR-2032, 8.00%, 04/15/32 SBAT 2024-A 78437PAH6 - - 1,000,000 $1,048,424 $1,048,424 0.08 $1,042,868
LIFE 2021-BMR Mortgage Trust E 5.897% 15-MAR-2038, 5.90%, 03/15/38 LIFE 2021-BMR 53218CAJ9 - - 1,050,000 $1,046,982 $1,046,982 0.08 $1,042,510
Reach ABS Trust 2024-2 D 8.83% 15-JUL-2031, 8.83%, 07/15/31 REACH 2024-2A 75525HAD2 - - 1,000,000 $1,044,536 $1,044,536 0.08 $1,038,404
FIGRE Trust 2024-HE1 C 6.749% 25-MAR-2054, 6.75%, 03/25/54 FIGRE 2024-HE1 31684HAC4 - - 1,010,382 $1,041,718 $1,041,718 0.08 $1,038,877
FIGRE Trust 2025-PF1 A 5.758% 25-JUN-2055, 5.76%, 06/25/55 FIGRE 2025-PF1 316922AA1 - - 1,013,283 $1,036,594 $1,036,594 0.08 $1,030,273
OnDeck Asset Securitization IV, Series 2024-1 C 8.99% 17-JUN-2031, 8.99%, 06/17/31 ONDK 67118NAC1 - - 1,000,000 $1,027,742 $1,027,742 0.08 $1,021,998
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA7 B1 7.83279% 25-NOV-2041, 7.83%, 11/25/41 STACR 2021-DNA7 35564KND7 - - 1,000,000 $1,027,712 $1,027,712 0.08 $1,024,666
MHC Commercial Mortgage Trust 2021-MHC G 7.348442% 15-APR-2038, 7.35%, 04/15/38 MHC 2021-MHC 55316VAN4 - - 1,020,000 $1,025,700 $1,025,700 0.08 $1,020,288
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 $1,017,506 $1,017,506 0.08 $1,012,354
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 $1,017,340 $1,017,340 0.08 $1,008,000
OnDeck Asset Securitization IV, Series 2024-1 B 7.15% 17-JUN-2031, 7.15%, 06/17/31 ONDK 67118NAB3 - - 1,000,000 $1,016,010 $1,016,010 0.08 $1,011,442
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 $1,014,028 $1,014,028 0.08 $1,003,042
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 $1,009,599 $1,009,599 0.08 $1,002,682
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 $1,009,478 $1,009,478 0.08 $1,007,082
MTN Commercial Mortgage Trust 2022-LPFL F 9.325169% 15-MAR-2039, 9.33%, 03/15/39 MTN 2022-LPFL 62475WAL9 - - 1,000,000 $1,008,759 $1,008,759 0.08 $1,002,024
Carvana Auto Receivables Trust 2025-P3 C 4.99% 10-JAN-2032, 4.99%, 01/12/32 CRVNA 2025-P3 14688AAF4 - - 1,000,000 $1,004,708 $1,004,708 0.08 $1,000,549
OnDeck Asset Securitization IV LLC|5.23|11/17/2032, 5.23%, 11/17/32 ONDK 2025-2A 67108SAJ7 - - 1,000,000 $999,926 $999,926 0.08 $999,926
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.63279% 25-OCT-2044, 5.63%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 990,000 $991,811 $991,811 0.08 $989,642
PRET 2025-RPL2 Trust A1 4.0% 25-FEB-2065, 4.00%, 08/25/64 PRET 2025-RPL2 69392LAA2 - - 974,079 $960,741 $960,741 0.07 $956,520
Bayview Opportunity Master Fund VII Trust 2024-CAR1 D 6.23279% 25-DEC-2031, 6.23%, 12/26/31 BVCLN 2024-CAR1 07336QAD4 - - 930,361 $937,801 $937,801 0.07 $935,546
RAM 2024-1 A 5.95% 15-FEB-2039, 6.67%, 02/15/39 RAM 2024-1 751313AA5 - - 931,957 $936,436 $936,436 0.07 $932,120
Marlette Funding Trust 2023-2 D 7.92% 15-JUN-2033, 7.92%, 06/15/33 MFT 2023-2A 57109LAD5 - - 900,000 $922,838 $922,838 0.07 $917,888
Alloya Auto Receivables Trust 2025-1 B 4.99% 25-MAR-2030, 4.99%, 03/25/30 ALLCU 2025-1A 01986QAJ7 - - 900,000 $914,927 $914,927 0.07 $913,056
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 12.23%, 01/18/33 SBCLN 2024-B 80280BAG3 - - 865,838 $881,019 $881,019 0.07 $873,664
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 8.88%, 01/18/33 SBCLN 2024-B 80280BAF5 - - 865,838 $879,331 $879,331 0.07 $873,991
FINANCE OF AMERICA STRUCTURE 3.5% 74, 3.50%, 02/25/74 FASST 2024-S1 31740RAB6 - - 887,058 $870,772 $870,772 0.07 $869,478
Homeward Opportunities Fund Trust 2025-RRTL2 A1 5.237% 25-AUG-2040, 5.24%, 09/25/40 HOF 2025-RRTL2 437923AA3 - - 839,000 $843,442 $843,442 0.07 $841,611
Theorem Funding Trust 2022-3 B 8.95% 15-APR-2029, 8.95%, 04/15/29 THRM 2022-3A 882925AB6 - - 822,418 $842,603 $842,603 0.06 $837,491
Tricolor Auto Securitization Trust 2024-1 D 8.61% 15-APR-2028, 8.61%, 04/17/28 TAST 2024-1A 89616LAD4 - - 1,500,000 $832,615 $832,615 0.06 $823,647
Connecticut Avenue Securities Trust 2022-R07 1M2 9.00603% 25-JUN-2042, 8.83%, 06/25/42 CAS 2022-R07 20754MCB1 - - 783,000 $828,197 $828,197 0.06 $825,507
Hudson's Bay Simon JV Trust 2015-HBS C10 5.628567% 05-AUG-2034, 5.63%, 08/05/34 HBCT 2015-HB10 44422PBY7 - - 859,000 $800,150 $800,150 0.06 $798,941
BXHPP Trust 2021-FILM A 4.797% 15-AUG-2036, 4.80%, 08/15/36 BXHPP 2021-FILM 05609JAA0 - - 820,000 $796,516 $796,516 0.06 $793,675
Exeter Automobile Receivables Trust 2024-1 E 7.89% 15-AUG-2031, 7.89%, 08/15/31 EART 2024-1A 30167PAG5 - - 750,000 $784,844 $784,844 0.06 $780,735
Chase Mortgage Reference Notes, Series 2020-CL1 M4 8.45551% 25-OCT-2057, 8.46%, 10/25/57 CHASE 2020-CL1 46591HAK6 - - 734,449 $780,882 $780,882 0.06 $778,467
Crockett Partners Equipment Company IIA B 6.78% 20-JAN-2031, 6.78%, 01/20/31 EQS 2024-1C 22689LAB1 - - 772,727 $776,635 $776,635 0.06 $773,724
Crockett Partners Equipment Company IIA C 10.16% 20-JAN-2031, 10.16%, 01/20/31 EQS 2024-1C 22689LAC9 - - 772,727 $771,436 $771,436 0.06 $767,075
Prosper Marketplace Issuance Trust, Series 2024-1 C 6.96% 15-AUG-2029, 6.96%, 08/15/29 PMIT 74363CAC3 - - 750,000 $761,481 $761,481 0.06 $757,856
FIGRE Trust 2024-HE4 C 5.301% 25-SEP-2054, 5.30%, 09/25/54 FIGRE 2024-HE4 31684UAC5 - - 757,451 $760,124 $760,124 0.06 $758,451
ACHV ABS Trust 2023-1PL (Freed) D 8.47% 18-MAR-2030, 8.47%, 03/18/30 ACHV 2023-1PL 00091XAD9 - - 744,760 $755,851 $755,851 0.06 $751,996
Towd Point Mortgage Trust 2024-CES2 A1B 6.35% 25-FEB-2064, 6.35%, 02/25/64 TPMT 2024-CES2 89182JAB7 - - 743,697 $755,089 $755,089 0.06 $749,973
Bayview Opportunity Master Fund VII Trust 2024-EDU1 C 5.98279% 25-JUN-2047, 5.98%, 06/25/47 BVCLN 2024-EDU1 07336PAC8 - - 748,701 $750,081 $750,081 0.06 $748,288
Bayview Opportunity Master Fund VII Trust 2024-EDU1 D 6.93279% 25-JUN-2047, 6.93%, 06/25/47 BVCLN 2024-EDU1 07336PAD6 - - 727,309 $745,285 $745,285 0.06 $743,324
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 $732,616 $732,616 0.06 $730,673
Marlette Funding Trust 2023-1 D 8.15% 15-APR-2033, 8.15%, 04/15/33 MFT 2023-1A 57110PAD3 - - 700,000 $718,389 $718,389 0.06 $714,427
Affirm Asset Securitization Trust 2024-A D_1 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAD9 - - 700,000 $706,205 $706,205 0.05 $702,856
LHOME MORTGAGE TR 2025-RTL3 A1, 5.24%, 08/25/40 LHOME 2025-RTL3 50205YAA1 - - 700,000 $704,375 $704,375 0.05 $702,847
Westgate Resorts 2024-1 D 9.26% 20-JAN-2038, 9.26%, 01/20/38 WESTR 2024-1A 96034KAD5 - - 662,600 $680,292 $680,292 0.05 $673,645
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 $678,877 $678,877 0.05 $675,639
Westgate Resorts 2024-1 C 7.06% 20-JAN-2038, 7.06%, 01/20/38 WESTR 2024-1A 96034KAC7 - - 662,600 $676,509 $676,509 0.05 $671,441
Bayview Opportunity Master Fund VII Trust 2024-CAR1 E 7.78279% 25-DEC-2031, 7.78%, 12/26/31 BVCLN 2024-CAR1 07336QAE2 - - 657,964 $666,012 $666,012 0.05 $664,021
Tricolor Auto Securitization Trust 2025-1 D 6.84% 15-APR-2031, 6.84%, 04/15/31 TAST 2025-1A 89617CAD3 - - 3,240,000 $654,164 $654,164 0.05 $620,306
RCKT Mortgage Trust 2024-CES1 A1B 6.325% 25-FEB-2044, 6.33%, 02/25/44 RCKT 2024-CES1 749424AB3 - - 633,785 $643,449 $643,449 0.05 $639,106
Towd Point Mortgage Trust 2024-CES1 A1B 6.049% 25-JAN-2064, 6.05%, 01/25/64 TPMT 2024-CES1 89183CAB1 - - 609,418 $616,986 $616,986 0.05 $612,992
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 $615,290 $615,290 0.05 $602,059
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 571,500 $576,995 $576,995 0.04 $571,114
Rain City Mortgage Trust 2024-RTL1 A2 8.021% 25-SEP-2029, 8.02%, 11/25/29 RCITY 2024-RTL1 75079KAB9 - - 560,000 $567,443 $567,443 0.04 $565,572
Huntington Bank Auto Credit-Linked Notes, Series 2025-2 D 7.43379% 20-SEP-2033, 7.43%, 09/20/33 HACLN 2025-2 44644NAR0 - - 563,788 $566,668 $566,668 0.04 $564,223
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 D 9.43379% 20-MAY-2032, 9.43%, 05/20/32 HACLN 2024-1 44644NAD1 - - 545,011 $562,770 $562,770 0.04 $559,771
BX Trust 2022-FOX2 E 6.99134% 15-APR-2039, 6.99%, 04/15/39 BX 2022-FOX2 05610AAJ7 - - 546,700 $548,973 $548,973 0.04 $546,213
Mello Warehouse Securitization Trust 2024-1 F 9.24103% 25-OCT-2057, 9.24%, 10/25/57 MWST 2024-1 58553FAF2 - - 542,000 $542,286 $542,286 0.04 $540,339
Connecticut Avenue Securities, Series 2021-R01 1M2 5.73279% 25-OCT-2041, 5.73%, 10/25/41 CAS 2021-R01 20754RAB2 - - 537,442 $540,434 $540,434 0.04 $539,236
Blue Bridge Funding 2023-1 C 9.5% 15-NOV-2030, 9.50%, 11/15/30 BBEF 2023-1A 09531MAC4 - - 546,000 $535,432 $535,432 0.04 $531,830
Sierra Timeshare 2024-3 Receivables Funding D 6.93% 20-JUN-2041, 6.93%, 08/20/41 SRFC 2024-3A 82653BAD5 - - 532,389 $534,641 $534,641 0.04 $532,591
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 $533,324 $533,324 0.04 $529,765
TYSN 2023-CRNR Mortgage Trust A 6.79907% 10-DEC-2038, 6.58%, 12/10/33 TYSN 2023-CRNR 87332PAA8 - - 500,000 $530,828 $530,828 0.04 $527,264
Marlette Funding Trust 2023-4 B 8.15% 15-DEC-2033, 8.15%, 12/15/33 MFT 2023-4A 57108UAB0 - - 500,000 $523,192 $523,192 0.04 $520,363
Upstart Securitization Trust 2023-3 B 8.25% 20-OCT-2033, 8.25%, 10/20/33 UPST 2023-3 91684MAB9 - - 500,000 $517,074 $517,074 0.04 $514,782
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 $516,884 $516,884 0.04 $516,232
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 $514,898 $514,898 0.04 $512,431
LAD Auto Receivables Trust 2024-1 D 6.15% 15-JUN-2031, 6.15%, 06/16/31 LADAR 2024-1A 501689AG8 - - 500,000 $514,332 $514,332 0.04 $512,197
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 $514,005 $514,005 0.04 $511,797
Ally Auto Receivables Trust 2024-1 D 5.8% 15-FEB-2032, 5.80%, 02/16/32 ALLYA 2024-1 02008FAG9 - - 500,000 $511,287 $511,287 0.04 $509,273
Lendbuzz Securitization Trust 2024-1 B 6.58% 15-SEP-2029, 6.58%, 09/15/29 LBZZ 2024-1A 525935AC6 - - 500,000 $510,887 $510,887 0.04 $508,602
Exeter Automobile Receivables Trust 2024-1 D 5.84% 15-JUN-2030, 5.84%, 06/17/30 EART 2024-1A 30167PAF7 - - 500,000 $509,393 $509,393 0.04 $507,365
Bridgecrest Lending Auto Securitization Trust 2024-1 D 6.03% 15-NOV-2029, 6.03%, 11/15/29 BLAST 2024-1 107933AF0 - - 500,000 $508,820 $508,820 0.04 $506,726
Gracie Point International Funding, Series 2024-1 C 7.85559% 01-MAR-2028, 7.86%, 03/01/28 GPIF 2024-1A 38410KAC3 - - 500,000 $508,277 $508,277 0.04 $500,748
Affirm Asset Securitization Trust 2024-A D_2 6.89% 15-FEB-2029, 6.89%, 02/15/29 AFFRM 2024-A 00834BAJ6 - - 500,000 $504,432 $504,432 0.04 $502,040
WB Commercial Mortgage Trust 2024-HQ D 8.277827% 16-MAR-2040, 8.01%, 03/15/40 WB 2024-HQ 92943PAG6 - - 500,000 $504,388 $504,388 0.04 $500,049
Sierra Timeshare 2024-2 Receivables Funding D 7.48% 20-JUN-2041, 7.48%, 06/20/41 SRFC 2024-2A 82650DAD4 - - 471,062 $479,130 $479,130 0.04 $477,172
Post Road Equipment Finance 2024-1 E 8.5% 15-OCT-2031, 8.50%, 12/15/31 PREF 2024-1A 737473AF5 - - 450,000 $462,524 $462,524 0.04 $459,868
Gls Auto Select Receivables Trust 2023-1 7.93% 15-JUL-2030, 7.93%, 07/15/30 GSAR 2023-1A 36267FAL2 - - 400,000 $428,514 $428,514 0.03 $426,311
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 $426,439 $426,439 0.03 $422,980
RAM 2024-1 B 7.785% 15-FEB-2039, 7.79%, 02/15/39 RAM 2024-1 751313AB3 - - 420,890 $423,265 $423,265 0.03 $420,989
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 $415,569 $415,569 0.03 $413,333
Chase Auto Credit Linked Notes, Series 2021-2 G 8.482% 25-DEC-2028, 8.48%, 12/26/28 CACLN 2021-2 48128U2S7 - - 410,302 $412,049 $412,049 0.03 $410,599
Post Road Equipment Finance 2024-1 D 6.77% 15-OCT-2031, 6.77%, 10/15/30 PREF 2024-1A 737473AE8 - - 400,000 $411,189 $411,189 0.03 $409,309
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 $407,647 $407,647 0.03 $405,356
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 $402,544 $402,544 0.03 $400,926
BAMLL Re-REMIC Trust 2024-FRR4 E 0.011205% 27-NOV-2048, 0.71%, 11/27/48 BAMLL 05493VAJ3 - - 400,000 $393,945 $393,945 0.03 $393,639
BAMLL Re-REMIC Trust 2024-FRR4 F 0.010514% 27-JAN-2026, 0.66%, 11/27/48 BAMLL 05493VAL8 - - 400,119 $393,202 $393,202 0.03 $392,915
Chase Mortgage Reference Notes, Series 2020-CL1 M3 7.45551% 25-OCT-2057, 7.46%, 10/25/57 CHASE 2020-CL1 46591HAJ9 - - 375,671 $391,000 $391,000 0.03 $389,910
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 $387,124 $387,124 0.03 $385,111
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 - - 420,934 $383,150 $383,150 0.03 $382,633
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAB1 - - 369,875 $370,775 $370,775 0.03 $368,671
Tricolor Auto Securitization Trust 2024-1 C 6.99% 15-JAN-2028, 6.99%, 01/18/28 TAST 2024-1A 89616LAC6 - - 500,000 $352,772 $352,772 0.03 $347,433
LHOME Mortgage Trust 2024-RTL2 A1 7.128% 25-MAR-2029, 7.13%, 03/25/29 LHOME 50205JAA4 - - 321,901 $325,234 $325,234 0.03 $324,278
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 $321,773 $321,773 0.02 $319,021
Dext ABS 2023-2 D 8.3% 15-MAY-2034, 8.30%, 05/15/34 DEXT 2023-2 25216CAE0 - - 300,000 $320,421 $320,421 0.02 $318,692
BX Commercial Mortgage Trust 2024-MF C 5.97307% 15-FEB-2039, 5.97%, 02/15/39 BX 2024-MF 05612EAE8 - - 309,909 $311,376 $311,376 0.02 $310,039
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 $302,845 $302,845 0.02 $302,188
Luxury Lease Partners Auto Lease Trust 2024-4 B 10.491% 15-JAN-2030, 10.49%, 07/15/30 LLP 2024-4 55068XAB6 - - 300,000 $302,084 $302,084 0.02 $299,899
PRPM 2025-RCF3 LLC 5.25% 55, 5.25%, 07/25/55 PRPM 2025-RCF3 69392PAC9 - - 300,000 $299,283 $299,283 0.02 $297,577
CSMC 2021-BHAR E 7.647% 15-NOV-2038, 7.65%, 11/15/38 CSMC 2021-BHAR 12659VAN0 - - 300,000 $295,881 $295,881 0.02 $294,224
Golden Pear Securitization, Series 2024-1 A 6.95% 15-FEB-2036, 6.95%, 02/15/36 PEAR 2024-1 704933AA8 - - 284,954 $289,194 $289,194 0.02 $287,818
Chase Mortgage Reference Notes, Series 2021-CL1 M3 5.73279% 25-FEB-2050, 5.73%, 02/25/50 CHASE 2021-CL1 46591HBZ2 - - 294,274 $289,165 $289,165 0.02 $288,509
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 $283,157 $283,157 0.02 $281,731
RCKT Mortgage Trust 2023-CES1 A1A 6.515% 25-JUN-2043, 6.51%, 06/25/43 RCKT 74935WAA2 - - 278,884 $282,096 $282,096 0.02 $280,128
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 $276,417 $276,417 0.02 $275,162
Churchill Downs Incorporated CHDN US 171484108 - - 2,695 $262,574 $262,574 0.02 $262,574
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 $256,192 $256,192 0.02 $254,843
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 $250,078 $250,078 0.02 $248,765
Pawnee Equipment Receivables, Series 2022-1 D 7.23% 15-SEP-2029, 7.23%, 07/17/28 PWNE 2022-1 70410DAF5 - - 250,000 $249,677 $249,677 0.02 $248,422
Santander US Capital Markets LLC 18-JAN-2033, 6.80%, 01/18/33 SBCLN 2024-B 80280BAE8 - - 240,511 $242,926 $242,926 0.02 $241,790
BXHPP Trust 2021-FILM B 5.047% 15-AUG-2036, 5.05%, 08/15/36 BXHPP 2021-FILM 05609JAJ1 - - 250,000 $236,667 $236,667 0.02 $235,756
RCKT Mortgage Trust 2025-CES6 A1A 5.472% 25-JUN-2055, 5.47%, 06/25/55 RCKT 2025-CES6 748949AA2 - - 222,850 $226,198 $226,198 0.02 $224,877
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 $217,070 $217,070 0.02 $216,409
Readycap Lending Small Business Loan Trust 2023-3 A 7.32% 25-APR-2048, 7.32%, 04/25/48 RCLT 75576AAA1 - - 212,188 $214,244 $214,244 0.02 $213,640
FIGRE Trust 2024-HE4 B 5.252% 25-SEP-2054, 5.25%, 09/25/54 FIGRE 2024-HE4 31684UAB7 - - 211,382 $212,316 $212,316 0.02 $211,853
Auxilior Term Funding 2023-1 E 10.97% 15-DEC-2032, 10.97%, 12/15/32 XCAP 2023-1A 05335JAF0 - - 200,000 $205,603 $205,603 0.02 $204,080
Blue Bridge Funding 2023-1 B 9.48% 15-NOV-2030, 9.48%, 11/15/30 BBEF 2023-1A 09531MAB6 - - 200,000 $205,101 $205,101 0.02 $203,784
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 $170,846 $170,846 0.01 $170,229
Commonbond Student Loan Trust 2017-A-GS B 3.47% 25-MAY-2041, 3.47%, 05/25/41 CBSLT 2017-AGS 20267VAC1 - - 172,925 $159,012 $159,012 0.01 $158,762
Commonbond Student Loan Trust 2021-A-GS B 1.4% 25-MAR-2052, 1.40%, 03/25/52 CBSLT 2021-AGS 20268WAB0 - - 193,056 $150,466 $150,466 0.01 $150,353
NetCredit Combined Receivables 2024 A 7.43% 20-OCT-2030, 7.43%, 10/21/30 ENVA 2024-A 64113EAA7 - - 141,849 $142,692 $142,692 0.01 $142,106
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 $139,287 $139,287 0.01 $139,124
Reach ABS Trust 2024-2 A 5.88% 15-JUL-2031, 5.88%, 07/15/31 REACH 2024-2A 75525HAA8 - - 137,282 $138,553 $138,553 0.01 $137,993
Westgate Resorts 2023-1 D 10.14% 20-DEC-2037, 10.14%, 12/20/37 WESTR 2023-1A 96033EAD0 - - 128,517 $132,997 $132,997 0.01 $131,585
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 $104,663 $104,663 0.01 $104,126
Commonbond Student Loan Trust 2016-B B 4.0% 25-OCT-2040, 4.00%, 10/25/40 CBSLT 2016-B 20267UAC3 - - 106,143 $101,822 $101,822 0.01 $101,645
Commonbond Student Loan Trust 2016-A B 4.0% 25-MAY-2040, 4.00%, 05/25/40 CBSLT 2016-A 20267TAC6 - - 103,500 $100,986 $100,986 0.01 $100,813
Ginnie Mae REMIC Trust 2005-065 FA 4.39992% 20-AUG-2035, 4.30%, 08/20/35 GNR 2005-65 38374LL25 - - 100,903 $99,816 $99,816 0.01 $99,576
Commonbond Student Loan Trust 2018-C-GS B 4.25% 25-FEB-2046, 4.25%, 02/25/46 CBSLT 2018-CGS 20267XAC7 - - 98,238 $94,677 $94,677 0.01 $94,503
Santander Consumer Auto Receivables Trust 2021-C C 2.97% 15-OCT-2028, 2.97%, 06/15/28 SCART 2021-CA 80281HAC8 - - 82,661 $82,805 $82,805 0.01 $82,634
Commonbond Student Loan Trust 2018-B-GS C 4.12% 25-SEP-2045, 4.12%, 09/25/45 CBSLT 2018-BGS 20268MAD8 - - 84,418 $71,469 $71,469 0.01 $71,324
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 - - 64,160 $65,522 $65,522 0.01 $65,261
Westgate Resorts 2022-1 D 3.838% 20-AUG-2036, 3.84%, 08/20/36 WESTR 2022-1A 96034JAD8 - - 59,729 $59,614 $59,614 0.00 $59,365
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA5 M2 5.83279% 25-JAN-2034, 5.83%, 01/25/34 STACR 2021-DNA5 35564KHE2 - - 52,836 $53,098 $53,098 0.00 $52,978
Affirm Asset Securitization Trust 2023-X1 C 8.25% 15-NOV-2028, 8.25%, 11/15/28 AFFRM 2023-X1 00834KAC1 - - 41,225 $41,479 $41,479 0.00 $41,242
ACHV ABS Trust 2024-1PL C 6.42% 25-APR-2031, 6.42%, 04/25/31 ACHV 2024-1PL 00092BAC8 - - 29,286 $29,606 $29,606 0.00 $29,527
FREED ABS Trust 2022-1FP D 3.35% 18-NOV-2028, 3.35%, 03/19/29 FREED 2022-1FP 35633KAD8 - - 28,758 $28,795 $28,795 0.00 $28,736
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 $22,170 $22,170 0.00 $22,017
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 $17,718 $17,718 0.00 $17,643
TOWD POINT MORTGAGE TRUST 6.125% 65, 5.67%, 08/25/65 TPMT 2025-CES3 891949AC3 - - - $9,728 $9,728 0.00 $0
US 5YR NOTE (CBT) Dec25 DEC 25 FVZ5 FUTURES_USD - 1,682 $183,955,610 $0 0.00 $0
US 2YR NOTE (CBT) Dec25 DEC 25 TUZ5 FUTURES_USD - 2,141 $446,231,237 $0 0.00 $0
US 10YR NOTE (CBT)Dec25 DEC 25 TYZ5 FUTURES_USD - 590.00 $66,587,031 $0 0.00 $0
US 10yr Ultra Fut Dec25 DEC 25 UXYZ5 FUTURES_USD - -297.00 $-34,317,422 $0 0.00 $0
US ULTRA BOND CBT Dec25 DEC 25 WNZ5 FUTURES_USD - -108.00 $-13,041,000 $0 0.00 $0
ESZ5 19Dec25 Call (AMERICAN PHYSICAL) 7175 ESZ5C ESZ5 INDEX $7,175.00 -89.00 $-30,054,188 $-50,062 0.00 $-50,062
ESZ5 19Dec25 Put (AMERICAN PHYSICAL) 6150 ESZ5P ESZ5 INDEX $6,150.00 -89.00 $30,054,188 $-137,950 -0.01 $-137,950
UMBS TBA 30yr 5% December Delivery, 5.00%, 12/11/25 FNCL 01F0506C5 - - -61,440,000 $-61,105,275 $-61,105,275 -4.71 $-61,105,275
UMBS TBA 30yr 2.5% December Delivery, 2.50%, 12/11/25 FNCL 01F0226C4 - - -189,990,000 $-161,530,638 $-161,530,638 -12.45 $-161,530,638
SEGREGATED CASH SEGCASH - $0.00 8,130,000 $8,130,000 $8,130,000 0.63 $8,130,000
US DOLLARS USD MD_142224 - - -170,162,966 $-170,162,966 $-170,162,966 -13.12 $-170,162,966
3 MONTH SOFR FUT Dec25 DEC 25 SFRZ5 FUTURES_USD - 125.00 $120,312,500 $0 0.00 $0
3 MONTH SOFR FUT Mar26 MAR 26 SFRH6 FUTURES_USD - 125.00 $30,143,750 $0 0.00 $0
3 MONTH SOFR FUT Jun26 JUN 26 SFRM6 FUTURES_USD - 125.00 $30,215,625 $0 0.00 $0
3 MONTH SOFR FUT Sep26 SEP 26 SFRU6 FUTURES_USD - 125.00 $30,262,500 $0 0.00 $0
PGIM AAA CLO ETF 05/07/26 PAAA US 69344A834 $51.33 1,169,022 $59,994,209 $-5,845 0.00 $-5,845
Janus Henderson AAA CLO ETF 01/23/26 - 47103U845 $50.74 133,100 $6,732,198 $-10,648 0.00 $-10,648
Janus Henderson AAA CLO ETF 01/23/26 JAAA US 47103U845 $50.72 920,527 $46,560,256 $-73,642 -0.01 $-73,642
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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