Please ensure Javascript is enabled for purposes of website accessibility Short Duration Income ETF - Janus Henderson Investors - US Investor
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For Individual Investors in the US

Short Duration Income ETF Holdings

Full Portfolio Holdings

(As of April 24, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Morgan Stanley Bank, N.A. 4.952% 14-JAN-2028, 4.95%, 01/14/28 MS 61690U8A1 - - 43,610,000 $44,367,671 $44,367,671 1.73 $43,761,792
Citigroup Inc. 5.61% 29-SEP-2026, 5.61%, 09/29/26 C 172967NX5 - - 35,000,000 $35,222,592 $35,222,592 1.37 $35,080,784
Goldman Sachs Bank USA 5.283% 18-MAR-2027, 5.28%, 03/18/27 GS 38151LAF7 - - 33,575,000 $33,894,254 $33,894,254 1.31 $33,711,950
Molex Electronic Technologies LLC 4.75% 30-APR-2028, 4.75%, 04/30/28 MOLX 60856BAE4 - - 25,440,000 $25,554,684 $25,554,684 0.99 $25,544,614
Bank of America Corporation 4.979% 24-JAN-2029, 4.98%, 01/24/29 BAC 06051GMK2 - - 24,707,000 $25,208,492 $25,208,492 0.98 $24,897,535
Bank Australia Limited FRN 21-FEB-2028, 5.84%, 02/21/28 BAAUST Q1R67ARV2 - - 38,220,000 $24,866,993 $24,866,993 0.96 $24,620,350
Vistra Operations Co. LLC 5.125% 13-MAY-2025, 5.12%, 05/13/25 VST 92840VAL6 - - 23,711,000 $24,226,072 $24,226,072 0.94 $23,679,237
Korea Electric Power Corporation 4.875% 31-JAN-2027, 4.88%, 01/31/27 KORELE 500631BB1 - - 23,450,000 $23,875,445 $23,875,445 0.92 $23,605,526
Illumina, Inc. 5.8% 12-DEC-2025, 5.80%, 12/12/25 ILMN 452327AN9 - - 22,875,000 $23,468,008 $23,468,008 0.91 $22,977,848
LPL Holdings, Inc. 4.625% 15-NOV-2027, 4.62%, 11/15/27 LPLA 50212YAC8 - - 23,156,000 $23,397,407 $23,397,407 0.91 $22,921,423
Taco Bell Funding Series 2018-1 2018-A2II 4.94% 25-NOV-2048, 4.94%, 11/25/48 BELL 2018-1A 87342RAE4 - - 23,251,403 $23,259,730 $23,259,730 0.90 $23,068,293
Solventum Corporation 5.45% 25-FEB-2027, 5.45%, 02/25/27 SOLV 83444MAN1 - - 22,400,000 $22,843,294 $22,843,294 0.88 $22,639,828
Universal Health Services, Inc. 1.65% 01-SEP-2026, 1.65%, 09/01/26 UHS 913903AZ3 - - 23,425,000 $22,464,026 $22,464,026 0.87 $22,406,049
Australia and New Zealand Banking Group Limited 5.545% 15-JAN-2035, 5.54%, 01/15/35 ANZ YS4857233 - - 34,400,000 $22,453,664 $22,453,664 0.87 $22,116,456
NOW Trust 2024-1 A 5.48% 14-JUN-2032, 5.48%, 06/14/32 NOW 2024-1 BCC3FTNQ2 - - 34,377,486 $22,117,949 $22,117,949 0.86 $22,081,616
Broadcom Inc. 5.05% 12-JUL-2027, 5.05%, 07/12/27 AVGO 11135FBZ3 - - 21,525,000 $22,088,882 $22,088,882 0.85 $21,777,875
BX Trust 2025-ROIC A 5.46569% 15-FEB-2042, 5.47%, 03/15/30 BX 2025-ROIC 05593VAA1 - - 21,022,000 $20,580,910 $20,580,910 0.80 $20,548,993
Amgen Inc. 5.507% 02-MAR-2026, 5.51%, 03/02/26 AMGN 031162DN7 - - 20,025,000 $20,191,138 $20,191,138 0.78 $20,028,784
AerCap Ireland Capital Designated Activity Company 6.45% 15-APR-2027, 6.45%, 04/15/27 AER 00774MBG9 - - 19,617,000 $20,190,190 $20,190,190 0.78 $20,155,043
Atlas Warehouse Lending Co. 6.05% 15-JAN-2028, 6.05%, 01/15/28 ATWALD 049463AD4 - - 19,605,000 $20,042,114 $20,042,114 0.78 $19,597,326
CNH Industrial Capital Australia Pty Ltd. 5.8% 13-JUL-2026, 5.80%, 07/13/26 CNHI Q2575EAC6 - - 29,790,000 $19,673,201 $19,673,201 0.76 $19,364,205
Athene Global Funding 1.608% 29-JUN-2026, 1.61%, 06/29/26 ATH 04685A2Z3 - - 20,235,000 $19,605,725 $19,605,725 0.76 $19,500,881
JPMorgan Chase & Co. 6.07% 22-OCT-2027, 6.07%, 10/22/27 JPM 46647PDW3 - - 19,050,000 $19,451,366 $19,451,366 0.75 $19,441,730
Nationwide Building Society 4.0% 14-SEP-2026, 4.00%, 09/14/26 NWIDE 63859WAE9 - - 19,530,000 $19,373,628 $19,373,628 0.75 $19,284,658
Glencore Funding LLC 4.907% 01-APR-2028, 4.91%, 04/01/28 GLENLN 378272BY3 - - 18,904,000 $19,028,811 $19,028,811 0.74 $18,966,970
NOW Trust 2025-1 A 5.309% 14-FEB-2034, 5.25%, 02/14/34 NOW 2025-1 BCC3L1ZR1 - - 28,760,000 $18,461,478 $18,461,478 0.71 $18,397,993
Lonsdale Finance Pty Ltd|2.45|11/20/2026, 2.45%, 11/20/26 LOFINA Q5657JAB1 - - 29,300,000 $18,391,365 $18,391,365 0.71 $18,195,168
Boeing Company 6.259% 01-MAY-2027, 6.26%, 05/01/27 BA 097023DP7 - - 16,850,000 $17,815,878 $17,815,878 0.69 $17,306,134
Societe Generale SA 5.25% 19-FEB-2027, 5.25%, 02/19/27 SOCGEN 83368RBZ4 - - 17,440,000 $17,665,631 $17,665,631 0.68 $17,497,771
LPL Holdings, Inc. 5.7% 20-MAY-2027, 5.70%, 05/20/27 LPLA 50212YAJ3 - - 16,965,000 $17,620,571 $17,620,571 0.68 $17,204,222
Capital One Financial Corporation 3.75% 28-JUL-2026, 3.75%, 07/28/26 COF 14040HBK0 - - 17,744,000 $17,615,214 $17,615,214 0.68 $17,454,409
Vistra Operations Co. LLC 3.7% 30-JAN-2027, 3.70%, 01/30/27 VST 92840VAG7 - - 17,538,000 $17,299,273 $17,299,273 0.67 $17,146,059
Marriott International, Inc. 5.45% 15-SEP-2026, 5.45%, 09/15/26 MAR 571903BM4 - - 16,885,000 $17,134,238 $17,134,238 0.66 $17,031,990
Trinity Acquisition Plc 4.4% 15-MAR-2026, 4.40%, 03/15/26 WTW 89641UAC5 - - 17,097,000 $17,116,263 $17,116,263 0.66 $17,032,677
Goldman Sachs Group, Inc. 4.937% 23-APR-2028, 4.94%, 04/23/28 GS 38141GC77 - - 17,010,000 $17,101,468 $17,101,468 0.66 $17,096,802
NRG Energy, Inc. 2.45% 02-DEC-2027, 2.45%, 12/02/27 NRG 629377CP5 - - 17,683,000 $16,722,585 $16,722,585 0.65 $16,550,495
Wells Fargo & Company 4.168% 28-APR-2026, 4.17%, 04/28/26 WFC 949746TH4 - - 22,600,000 $16,617,293 $16,617,293 0.64 $16,283,561
Structured Agency Credit Risk (STACR) Debt Notes, Series 2021-DNA6 M2 5.83969% 25-OCT-2041, 5.84%, 10/25/41 STACR 2021-DNA6 35564KKY4 - - 16,542,077 $16,582,130 $16,582,130 0.64 $16,498,946
Walt Disney Company 3.057% 30-MAR-2027, 3.06%, 03/30/27 DIS 254687FU5 - - 22,920,000 $16,482,214 $16,482,214 0.64 $16,446,256
Morgan Stanley 6.138% 16-OCT-2026, 6.14%, 10/16/26 MS 61747YEX9 - - 16,250,000 $16,357,856 $16,357,856 0.63 $16,332,920
Delta Airlines, Inc. Retirement Plan 4.75% 20-OCT-2028, 4.75%, 10/20/28 DAL 830867AB3 - - 16,327,000 $16,213,966 $16,213,966 0.63 $16,203,194
DBS Group Holdings Ltd 5.479% 12-SEP-2025, 5.48%, 09/12/25 DBSSP 24023KAJ7 - - 15,800,000 $15,943,010 $15,943,010 0.62 $15,839,609
JPMorgan Chase & Co. 5.571% 22-APR-2028, 5.57%, 04/22/28 JPM 46647PEE2 - - 15,500,000 $15,787,399 $15,787,399 0.61 $15,780,203
National Australia Bank Limited FRN 18-NOV-2030, 5.87%, 11/18/30 NAB BM3607918 - - 24,275,000 $15,766,472 $15,766,472 0.61 $15,601,607
Marsh & McLennan Companies, Inc. 4.55% 08-NOV-2027, 4.55%, 11/08/27 MMC 571748BY7 - - 15,100,000 $15,478,409 $15,478,409 0.60 $15,159,695
Williams Companies, Inc. 5.4% 02-MAR-2026, 5.40%, 03/02/26 WMB 969457CH1 - - 15,050,000 $15,253,747 $15,253,747 0.59 $15,134,100
Arthur J. Gallagher & Co. 4.6% 15-DEC-2027, 4.60%, 12/15/27 AJG 04316JAK5 - - 14,940,000 $15,214,883 $15,214,883 0.59 $14,974,349
Commonwealth Bank of Australia, New York Branch 5.316% 13-MAR-2026, 5.32%, 03/13/26 CBAAU 20271RAR1 - - 14,875,000 $15,098,869 $15,098,869 0.58 $15,006,614
Korea National Oil Corporation 4.625% 31-MAR-2028, 4.62%, 03/31/28 KOROIL 50065LAM2 - - 15,000,000 $15,058,018 $15,058,018 0.58 $15,009,841
UBS Group Funding (Switzerland) AG 4.253% 23-MAR-2028, 4.25%, 03/23/28 UBS 90352JAC7 - - 15,000,000 $14,867,985 $14,867,985 0.58 $14,811,278
Volkswagen Group of America Finance LLC 5.7% 12-SEP-2026, 5.70%, 09/12/26 VW 928668BV3 - - 14,575,000 $14,803,765 $14,803,765 0.57 $14,704,534
Wells Fargo & Company 4.9% 24-JAN-2028, 4.90%, 01/24/28 WFC 95000U3R2 - - 14,586,000 $14,797,140 $14,797,140 0.57 $14,616,476
Santander UK Group Holdings plc 6.833% 21-NOV-2026, 6.83%, 11/21/26 SANUK 80281LAS4 - - 14,190,000 $14,738,457 $14,738,457 0.57 $14,323,683
Aviation Capital Group LLC 1.95% 20-SEP-2026, 1.95%, 09/20/26 ACGCAP 05369AAL5 - - 15,250,000 $14,666,624 $14,666,624 0.57 $14,637,713
NatWest Group Plc 7.472% 10-NOV-2026, 7.47%, 11/10/26 NWG 639057AG3 - - 13,942,000 $14,599,851 $14,599,851 0.57 $14,122,384
Holcim Finance US LLC 4.7% 07-APR-2028, 4.70%, 04/07/28 HOLNSW 43475RAB2 - - 14,284,000 $14,350,012 $14,350,012 0.56 $14,316,445
Bank of New York Mellon Corporation 4.729% 20-APR-2029, 4.73%, 04/20/29 BK 06405LAH4 - - 14,180,000 $14,310,377 $14,310,377 0.55 $14,304,789
BAE Systems plc 5.0% 26-MAR-2027, 5.00%, 03/26/27 BALN 05523RAH0 - - 13,915,000 $14,088,208 $14,088,208 0.55 $14,032,161
Plenti PL & Green ABS Trust 2024-2 A1 5.2577% 11-APR-2036, 5.26%, 04/11/36 PLENG 2024-2 BCC3J0Q70 - - 21,846,719 $14,016,048 $14,016,048 0.54 $13,987,853
Energy Transfer LP 6.05% 01-DEC-2026, 6.05%, 12/01/26 ET 29273VAR1 - - 13,440,000 $14,007,600 $14,007,600 0.54 $13,682,352
JPMorgan Chase & Co. 4.979% 22-JUL-2028, 4.98%, 07/22/28 JPM 46647PEL6 - - 13,500,000 $13,759,927 $13,759,927 0.53 $13,586,284
Volkswagen Group of America Finance LLC 6.0% 16-NOV-2026, 6.00%, 11/16/26 VW 928668CA8 - - 13,200,000 $13,725,592 $13,725,592 0.53 $13,375,792
Danske Bank A/S 5.427% 01-MAR-2028, 5.43%, 03/01/28 DANBNK 23636ABG5 - - 13,400,000 $13,652,954 $13,652,954 0.53 $13,547,912
Newcastle Greater Mutual Group Ltd FRN 14-FEB-2029, 6.21%, 02/14/29 NEWCAP Q6634VWY6 - - 20,400,000 $13,402,293 $13,402,293 0.52 $13,246,906
Blackstone Holdings Finance Co. LLC 5.9% 03-NOV-2027, 5.90%, 11/03/27 BX 09261BAJ9 - - 12,525,000 $13,204,293 $13,204,293 0.51 $12,851,227
Permanent TSB Group Holdings plc 6.625% 30-JUN-2029, 6.62%, 06/30/29 PTSB 8RLP5DXX4 - - 10,100,000 $13,185,732 $13,185,732 0.51 $12,562,693
Bank of America Corporation 6.204% 10-NOV-2028, 6.20%, 11/10/28 BAC 06051GLC1 - - 12,356,000 $13,155,135 $13,155,135 0.51 $12,803,792
VMware LLC 1.4% 15-AUG-2026, 1.40%, 08/15/26 VMW 928563AJ4 - - 13,690,000 $13,140,529 $13,140,529 0.51 $13,103,262
Wells Fargo & Company 2.188% 30-APR-2026, 2.19%, 04/30/26 WFC 95000U2N2 - - 13,000,000 $13,133,612 $13,133,612 0.51 $12,995,343
Duke Energy Corporation 4.85% 05-JAN-2027, 4.85%, 01/05/27 DUK 26441CCB9 - - 12,800,000 $13,074,704 $13,074,704 0.51 $12,885,015
Aon North America, Inc. 5.125% 01-MAR-2027, 5.12%, 03/01/27 AON 03740MAA8 - - 12,795,000 $13,029,811 $13,029,811 0.50 $12,931,449
VICI Properties L.P. 5.75% 01-FEB-2027, 5.75%, 02/01/27 VICI 92564RAJ4 - - 12,699,000 $12,954,335 $12,954,335 0.50 $12,783,956
Aviation Capital Group LLC 1.95% 30-JAN-2026, 1.95%, 01/30/26 ACGCAP 05369AAK7 - - 13,168,000 $12,936,889 $12,936,889 0.50 $12,876,261
Duke Energy Corporation 3.15% 15-AUG-2027, 3.15%, 08/15/27 DUK 26441CAX3 - - 13,250,000 $12,922,691 $12,922,691 0.50 $12,841,535
Macquarie Bank Limited FRN 28-MAY-2030, 7.02%, 05/28/30 MQGAU BJ6318445 - - 19,800,000 $12,824,274 $12,824,274 0.50 $12,687,879
American Express Company 4.731% 25-APR-2029, 4.73%, 04/25/29 AXP 025816ED7 - - 12,750,000 $12,806,216 $12,806,216 0.50 $12,806,216
Hyundai Capital America, Inc. 5.95% 21-SEP-2026, 5.95%, 09/21/26 HYNMTR 44891ACM7 - - 12,525,000 $12,752,036 $12,752,036 0.49 $12,681,652
Wells Fargo & Company 4.97% 23-APR-2029, 4.97%, 04/23/29 WFC 95000U3T8 - - 12,639,000 $12,721,607 $12,721,607 0.49 $12,718,117
Huntington Bank Auto Credit-Linked Notes, Series 2024-2 B1 5.442% 20-OCT-2032, 5.44%, 10/20/32 HACLN 2024-2 44644NAG4 - - 12,473,537 $12,529,515 $12,529,515 0.48 $12,520,087
Liberty Financial Pty Ltd. FRN 25-MAY-2026, 6.67%, 05/25/26 LBRFI BP5662476 - - 19,100,000 $12,454,186 $12,454,186 0.48 $12,322,313
Schweizerischer Bankverein /SBC/ 7.5% 15-JUL-2025, 7.50%, 07/15/25 UBS 870836AC7 - - 12,150,000 $12,450,550 $12,450,550 0.48 $12,197,425
Mercedes-Benz Finance North America LLC 5.2% 03-AUG-2026, 5.20%, 08/03/26 MBGGR 58769JAK3 - - 12,100,000 $12,317,407 $12,317,407 0.48 $12,174,089
ICON Investments Six Designated Activity Company 5.809% 08-MAY-2027, 5.81%, 05/08/27 ICLR 45115AAA2 - - 11,520,000 $12,016,722 $12,016,722 0.47 $11,706,289
Fiserv, Inc. 5.15% 15-MAR-2027, 5.15%, 03/15/27 FI 337738BJ6 - - 11,838,000 $11,997,491 $11,997,491 0.46 $11,929,751
Athene Global Funding 5.62% 08-MAY-2026, 5.62%, 05/08/26 ATH 04685A3V1 - - 11,500,000 $11,896,501 $11,896,501 0.46 $11,596,690
American Tower Corporation 3.55% 15-JUL-2027, 3.55%, 07/15/27 AMT 03027XAP5 - - 12,000,000 $11,852,933 $11,852,933 0.46 $11,734,599
Subway Funding, Series 2024-1 A2I 6.028% 30-JUL-2054, 6.03%, 07/30/54 SUBWAY 2024-1A 864300AA6 - - 11,600,925 $11,818,355 $11,818,355 0.46 $11,653,242
Columbia Pipelines Holding Company LLC 6.055% 15-AUG-2026, 6.05%, 08/15/26 CPGX 19828AAA5 - - 11,486,000 $11,763,725 $11,763,725 0.46 $11,628,493
CNH Industrial Capital Australia Pty Ltd. 5.4% 17-MAY-2027, 5.40%, 05/17/27 CNHI YX0040411 - - 17,600,000 $11,659,092 $11,659,092 0.45 $11,394,351
Air Lease Corporation 5.4% 01-JUN-2028, 5.40%, 06/01/28 AL 00912XBP8 - - 14,985,000 $11,497,959 $11,497,959 0.44 $11,266,496
Boeing Company 2.196% 04-FEB-2026, 2.20%, 02/04/26 BA 097023DG7 - - 11,600,000 $11,411,202 $11,411,202 0.44 $11,353,886
NRTH 2024-PARK Mortgage Trust A 5.96316% 15-MAR-2039, 5.96%, 03/15/41 NRTH 2024-PARK 67021HAA4 - - 11,400,000 $11,309,499 $11,309,499 0.44 $11,290,616
Suncorp Group Limited FRN 01-JUN-2037, 6.42%, 06/01/37 SUNAU BV5692215 - - 17,200,000 $11,297,472 $11,297,472 0.44 $11,194,937
AerCap Ireland Capital DAC / AerCap Global Aviation Trust|6.5|07/15/2025, 6.50%, 07/15/25 AER 00774MAN5 - - 11,000,000 $11,216,480 $11,216,480 0.43 $11,017,869
Athene Global Funding 4.95% 07-JAN-2027, 4.95%, 01/07/27 ATH 04685A4E8 - - 11,000,000 $11,197,746 $11,197,746 0.43 $11,034,396
Kiwibank Limited FRN 23-SEP-2025, 4.82%, 09/23/25 KIWI Q5S26ZAL7 - - 17,230,000 $11,078,430 $11,078,430 0.43 $11,031,866
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-HQA1 M1 5.48969% 25-FEB-2045, 5.49%, 02/25/45 STACR 2025-HQA1 35564NGZ0 - - 10,851,070 $10,870,148 $10,870,148 0.42 $10,818,852
Commonwealth Bank of Australia FRN 20-AUG-2031, 5.74%, 08/20/31 CBAAU BQ9802662 - - 16,600,000 $10,723,362 $10,723,362 0.42 $10,619,785
Connecticut Avenue Securities Trust 2024-R06 1M2 5.93969% 25-SEP-2044, 5.94%, 09/25/44 CAS 2024-R06 20755RAC9 - - 10,673,000 $10,705,195 $10,705,195 0.41 $10,650,606
CREDABL ABS 2024-1 TRUST FL 2045 A, 5.53%, 05/11/45 CREDABL 2024-1 BCC3H6DP3 - - 16,594,374 $10,658,292 $10,658,292 0.41 $10,635,776
Enbridge Inc. 3.2% 08-JUN-2027, 3.20%, 06/08/27 ENBCN 29251ZBK2 - - 14,500,000 $10,510,963 $10,510,963 0.41 $10,384,633
Teachers Mutual Bank Ltd. FRN 21-JUN-2027, 5.73%, 06/21/27 TEACHM YX7268668 - - 16,140,000 $10,417,934 $10,417,934 0.40 $10,364,441
Algonquin Power & Utilities Corp. 5.365% 15-JUN-2026, 5.37%, 06/15/26 AQNCN 015857AF2 - - 10,157,000 $10,394,322 $10,394,322 0.40 $10,197,544
SK hynix Inc. 5.5% 16-JAN-2027, 5.50%, 01/16/27 HYUELE 78392BAG2 - - 10,045,000 $10,292,298 $10,292,298 0.40 $10,140,367
Air Lease Corporation 5.3% 25-JUN-2026, 5.30%, 06/25/26 AL 00914AAW2 - - 10,020,000 $10,234,519 $10,234,519 0.40 $10,057,499
Holcim Finance US LLC 4.6% 07-APR-2027, 4.60%, 04/07/27 HOLNSW 43475RAA4 - - 10,232,000 $10,223,474 $10,223,474 0.40 $10,199,941
Hyundai Capital America, Inc. 5.5% 30-MAR-2026, 5.50%, 03/30/26 HYNMTR 44891ACB1 - - 10,125,000 $10,205,398 $10,205,398 0.39 $10,166,726
Huntington Bank Auto Credit-Linked Notes, Series 2025-1 B 4.957% 20-MAR-2033, 4.96%, 03/21/33 HACLN 2025-1 446438SX2 - - 10,106,132 $10,201,297 $10,201,297 0.39 $10,149,520
Banco Santander, S.A. 6.527% 07-NOV-2027, 6.53%, 11/07/27 SANTAN 05964HAX3 - - 9,600,000 $10,139,556 $10,139,556 0.39 $9,847,146
Connecticut Avenue Securities Trust 2024-R01 1M1 5.38969% 25-JAN-2044, 5.39%, 01/25/44 CAS 2024-R01 1M1 20753UAA8 - - 10,041,261 $10,042,883 $10,042,883 0.39 $9,996,280
Athene Global Funding 5.684% 23-FEB-2026, 5.68%, 02/23/26 ATH 04685A3S8 - - 9,660,000 $9,833,527 $9,833,527 0.38 $9,738,964
Subway Funding, Series 2024-3 A2I 5.246% 30-JUL-2054, 5.25%, 07/30/54 SUBWAY 2024-3A 864300AG3 - - 9,839,340 $9,728,456 $9,728,456 0.38 $9,606,582
American Express Company 4.99% 01-MAY-2026, 4.99%, 05/01/26 AXP 025816DE6 - - 9,450,000 $9,677,371 $9,677,371 0.37 $9,449,452
Corebridge Financial, Inc. 3.65% 05-APR-2027, 3.65%, 04/05/27 CRBG 21871XAD1 - - 9,833,000 $9,648,505 $9,648,505 0.37 $9,628,566
DTE Energy Company 4.95% 01-JUL-2027, 4.95%, 07/01/27 DTE 233331BM8 - - 9,300,000 $9,508,404 $9,508,404 0.37 $9,362,627
General Motors Financial Company, Inc. 5.35% 15-JUL-2027, 5.35%, 07/15/27 GM 37045XEX0 - - 9,000,000 $9,166,536 $9,166,536 0.35 $9,032,786
Westpac Banking Corporation FRN 10-JUL-2034, 5.79%, 07/10/34 WSTP YW1615916 - - 14,300,000 $9,121,456 $9,121,456 0.35 $9,099,684
Booz Allen Hamilton, Inc. 3.875% 01-SEP-2028, 3.88%, 09/01/28 BAH 09951LAA1 - - 9,460,000 $9,114,590 $9,114,590 0.35 $9,059,604
Connecticut Avenue Securities Trust 2025-R03|5.93969|03/25/2045, 5.94%, 03/25/45 CAS 2025-R03 20754VAB3 - - 9,000,000 $9,026,918 $9,026,918 0.35 $9,022,463
Morgan Stanley Bank, N.A. FRN 16-JUL-2025, 5.14%, 07/16/25 MS 61690U7V6 - - 9,000,000 $9,015,372 $9,015,372 0.35 $9,003,888
RESIMAC Bastille Trust 2024-1NC A2 5.4375% 13-SEP-2055, 5.43%, 09/13/55 RESI 2024-1NC BCC3F7BW0 - - 13,914,062 $8,926,731 $8,926,731 0.35 $8,912,159
CVS Health Corporation 4.3% 25-MAR-2028, 4.30%, 03/25/28 CVS 126650CX6 - - 8,975,000 $8,893,190 $8,893,190 0.34 $8,861,029
Bendigo and Adelaide Bank Limited FRN 15-MAY-2026, 5.42%, 05/15/26 BENAU Q1457QKG4 - - 13,600,000 $8,836,287 $8,836,287 0.34 $8,749,633
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA2 M1 5.53969% 25-AUG-2044, 5.54%, 08/25/44 STACR 2024-HQA2 35564NDZ3 - - 8,678,694 $8,692,056 $8,692,056 0.34 $8,650,656
Cheniere Energy, Inc. 4.625% 15-OCT-2028, 4.62%, 10/15/28 LNG 16411RAK5 - - 8,814,000 $8,682,090 $8,682,090 0.34 $8,670,767
AerCap Ireland Capital Designated Activity Company 6.1% 15-JAN-2027, 6.10%, 01/15/27 AER 00774MBD6 - - 8,375,000 $8,664,117 $8,664,117 0.34 $8,522,207
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2025-DNA1 M1 5.38969% 25-JAN-2045, 5.39%, 01/25/45 STACR 2025-DNA1 35564NFZ1 - - 8,616,070 $8,607,699 $8,607,699 0.33 $8,567,711
Volkswagen Financial Services Australia Pty Ltd. 1.4% 25-AUG-2025, 1.40%, 08/25/25 VW BR0344159 - - 13,370,000 $8,483,784 $8,483,784 0.33 $8,464,421
Capital One Financial Corporation 7.149% 29-OCT-2027, 7.15%, 10/29/27 COF 14040HDB8 - - 7,823,000 $8,345,691 $8,345,691 0.32 $8,072,272
Huntington Bank Auto Credit-Linked Notes, Series 2024-1 B1 6.153% 20-MAY-2032, 6.15%, 05/20/32 HACLN 2024-1 44644NAA7 - - 8,209,924 $8,284,643 $8,284,643 0.32 $8,277,627
Metro Finance 2024-1 Trust|5.3175|09/17/2030, 5.32%, 09/17/30 METR 2024-1 BCC3H5JS3 - - 12,912,488 $8,284,492 $8,284,492 0.32 $8,274,861
Barclays PLC 5.086% 25-FEB-2029, 5.09%, 02/25/29 BACR 06738ECX1 - - 8,066,000 $8,151,106 $8,151,106 0.32 $8,082,734
Broadcom Inc. 4.8% 15-APR-2028, 4.80%, 04/15/28 AVGO 11135FCE9 - - 8,040,000 $8,116,107 $8,116,107 0.31 $8,105,387
Commonwealth Bank of Australia FRN 10-SEP-2030, 5.91%, 09/10/30 CBAAU AU3FN0055992 - - 12,500,000 $8,084,405 $8,084,405 0.31 $8,024,824
Penske Truck Leasing Co. LP 5.35% 12-JAN-2027, 5.35%, 01/12/27 PENSKE 709599BY9 - - 7,900,000 $8,080,811 $8,080,811 0.31 $7,959,886
Wells Fargo & Company 5.707% 22-APR-2028, 5.71%, 04/22/28 WFC 95000U3L5 - - 7,870,000 $8,002,813 $8,002,813 0.31 $7,999,070
Westpac Banking Corporation 5.351% 12-FEB-2035, 5.35%, 02/12/35 WSTP YR2726606 - - 12,300,000 $7,926,597 $7,926,597 0.31 $7,842,822
Macquarie Bank Limited FRN 01-MAR-2034, 6.07%, 03/01/34 MQGAU AU3FN0085171 - - 12,190,000 $7,905,122 $7,905,122 0.31 $7,836,417
VICI Note Co., Inc. 3.75% 15-FEB-2027, 3.75%, 02/15/27 VICI 92564RAD7 - - 8,000,000 $7,878,208 $7,878,208 0.30 $7,819,874
Hyundai Capital America, Inc. 5.65% 26-JUN-2026, 5.65%, 06/26/26 HYNMTR 44891ACG0 - - 7,645,000 $7,847,303 $7,847,303 0.30 $7,704,522
LSEG US Fin Corp. 4.875% 28-MAR-2027, 4.88%, 03/28/27 LSELN 50222CAA8 - - 7,725,000 $7,797,338 $7,797,338 0.30 $7,769,094
Westpac Banking Corporation FRN 29-JAN-2031, 5.94%, 01/29/31 WSTP BN6416885 - - 11,800,000 $7,672,607 $7,672,607 0.30 $7,566,900
JPMorgan Chase & Co. 4.915% 24-JAN-2029, 4.92%, 01/24/29 JPM 46647PEU6 - - 7,459,000 $7,611,715 $7,611,715 0.29 $7,519,044
Cargill, Incorporated 4.875% 10-OCT-2025, 4.88%, 10/10/25 CARGIL 141781BY9 - - 7,375,000 $7,400,130 $7,400,130 0.29 $7,385,149
Columbia Pipelines Holding Company LLC 6.042% 15-AUG-2028, 6.04%, 08/15/28 CPGX 19828AAB3 - - 7,050,000 $7,316,671 $7,316,671 0.28 $7,233,845
Taco Bell Funding Series 2016-1 A2III 4.97% 25-MAY-2046, 4.97%, 05/25/46 BELL 2016-1A 87342RAC8 - - 7,261,763 $7,306,622 $7,306,622 0.28 $7,246,470
General Motors Financial Company, Inc. 5.4% 08-MAY-2027, 5.40%, 05/08/27 GM 37045XEQ5 - - 7,000,000 $7,215,659 $7,215,659 0.28 $7,040,309
Wells Fargo Bank, N.A. 5.45% 07-AUG-2026, 5.45%, 08/07/26 WFC 94988J6D4 - - 7,000,000 $7,163,621 $7,163,621 0.28 $7,080,962
Nordea Bank Abp FRN 06-JUN-2025, 5.37%, 06/06/25 NDAFH 65558RAB5 - - 6,925,000 $6,981,515 $6,981,515 0.27 $6,930,476
Connecticut Avenue Securities, Series 2021-R01 1M2 5.88969% 25-OCT-2041, 5.89%, 10/25/41 CAS 2021-R01 20754RAB2 - - 6,901,725 $6,934,572 $6,934,572 0.27 $6,899,568
Daimler Trucks Finance North America LLC 5.125% 25-SEP-2027, 5.12%, 09/25/27 DTRGR 233853AY6 - - 6,810,000 $6,884,228 $6,884,228 0.27 $6,855,143
Xcel Energy Inc. 4.75% 21-MAR-2028, 4.75%, 03/21/28 XEL 98389BBD1 - - 6,808,000 $6,854,901 $6,854,901 0.27 $6,824,359
ONEOK, Inc. 5.55% 01-NOV-2026, 5.55%, 11/01/26 OKE 682680BH5 - - 6,600,000 $6,854,061 $6,854,061 0.27 $6,677,016
BPR Trust 2024-PMDW A 5.358% 05-NOV-2041, 5.36%, 11/05/41 BPR 2024-PMDW 05592VAA2 - - 6,795,181 $6,831,195 $6,831,195 0.26 $6,806,923
Commonwealth Bank of Australia FRN 09-NOV-2032, 6.90%, 11/09/32 CBAAU BZ9744070 - - 10,000,000 $6,710,845 $6,710,845 0.26 $6,620,036
Georgia Power Company 5.004% 23-FEB-2027, 5.00%, 02/23/27 SO 373334KV2 - - 6,520,000 $6,662,831 $6,662,831 0.26 $6,606,642
Australia and New Zealand Banking Group Limited 5.906% 12-AUG-2032, 5.91%, 08/12/32 ANZ BY2422099 - - 10,000,000 $6,616,559 $6,616,559 0.26 $6,541,386
LPL Holdings, Inc. 4.9% 03-APR-2028, 4.90%, 04/03/28 LPLA 50212YAN4 - - 6,548,000 $6,555,561 $6,555,561 0.25 $6,535,953
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.96%, 01/18/33 SBCLN 2024-B 80280BAB4 - - 6,500,000 $6,488,271 $6,488,271 0.25 $6,479,306
Fortive Corporation 3.15% 15-JUN-2026, 3.15%, 06/15/26 FTV 34959JAG3 - - 6,500,000 $6,450,489 $6,450,489 0.25 $6,376,551
General Motors Financial Company, Inc. 5.15% 15-AUG-2026, 5.15%, 08/15/26 GM 8BASJMXX0 - - 4,690,000 $6,450,147 $6,450,147 0.25 $6,227,235
Vistra Operations Co. LLC 5.05% 30-DEC-2026, 5.05%, 12/30/26 VST 92840VAT9 - - 6,305,000 $6,447,418 $6,447,418 0.25 $6,322,711
Daimler Truck Finance Canada, Inc. 2.46% 15-DEC-2026, 2.46%, 12/15/26 DTRGR 233852AE2 - - 8,960,000 $6,402,565 $6,402,565 0.25 $6,345,591
Smith & Nephew plc 5.15% 20-MAR-2027, 5.15%, 03/20/27 SNLN 83192PAC2 - - 6,270,000 $6,348,657 $6,348,657 0.25 $6,317,264
BMW US Capital LLC 5.3% 11-AUG-2025, 5.30%, 08/11/25 BMW 05565ECC7 - - 6,250,000 $6,329,339 $6,329,339 0.24 $6,261,248
Connecticut Avenue Securities Trust 2025-R01 1M2 5.83969% 25-JAN-2045, 5.84%, 01/25/45 CAS 2025-R01 20755JAC7 - - 6,205,000 $6,183,822 $6,183,822 0.24 $6,152,641
Bank of New Zealand 5.698% 28-JAN-2035, 5.70%, 01/28/35 BZLNZ 064064AB4 - - 6,035,000 $6,147,604 $6,147,604 0.24 $6,064,501
Westpac Banking Corporation FRN 03-APR-2034, 6.01%, 04/03/34 WSTP AU3FN0086328 - - 9,500,000 $6,122,583 $6,122,583 0.24 $6,100,568
Hasbro, Inc. 3.55% 19-NOV-2026, 3.55%, 11/19/26 HAS 418056AY3 - - 5,972,000 $5,946,784 $5,946,784 0.23 $5,854,915
Solventum Corporation 5.4% 01-MAR-2029, 5.40%, 03/01/29 SOLV 83444MAP6 - - 5,790,000 $5,912,535 $5,912,535 0.23 $5,865,636
Illumina, Inc. 5.75% 13-DEC-2027, 5.75%, 12/13/27 ILMN 452327AP4 - - 5,630,000 $5,855,283 $5,855,283 0.23 $5,736,584
Atlas Warehouse Lending Co. 6.25% 15-JAN-2030, 6.25%, 01/15/30 ATWALD 049463AE2 - - 5,700,000 $5,774,234 $5,774,234 0.22 $5,640,640
Georgia Power Company 3.25% 30-MAR-2027, 3.25%, 03/30/27 SO 373334KH3 - - 5,866,000 $5,751,129 $5,751,129 0.22 $5,737,890
Commonwealth Bank of Australia 3.61% 12-SEP-2034, 3.61%, 09/12/34 CBAAU USQ2704MAA64 - - 6,000,000 $5,606,848 $5,606,848 0.22 $5,580,976
Insurance Australia Group Limited FRN 15-DEC-2036, 6.56%, 12/15/36 IAGAU AU3FN0055497 - - 8,550,000 $5,559,745 $5,559,745 0.22 $5,521,371
Liberty Series 2024-1 Auto A 5.2962% 25-MAY-2032, 5.30%, 05/25/32 LBRTY 2024-1A BCC3G7993 - - 8,613,082 $5,543,715 $5,543,715 0.21 $5,518,922
NRG Energy, Inc. 2.0% 02-DEC-2025, 2.00%, 12/02/25 NRG 629377CN0 - - 5,600,000 $5,529,321 $5,529,321 0.21 $5,484,832
BX Commercial Mortgage Trust 2024-AIRC A 6.01324% 15-AUG-2041, 6.01%, 08/15/39 BX 2024-AIRC 12433CAA3 - - 5,436,029 $5,437,166 $5,437,166 0.21 $5,428,086
Capital One Financial Corporation 5.247% 26-JUL-2030, 5.25%, 07/26/30 COF 14040HCV5 - - 5,353,000 $5,423,123 $5,423,123 0.21 $5,353,685
American Express Company 5.645% 23-APR-2027, 5.64%, 04/23/27 AXP 025816DT3 - - 5,375,000 $5,420,932 $5,420,932 0.21 $5,419,246
Bank Australia Limited FRN 24-NOV-2025, 5.95%, 11/24/25 BAAUST Q1R6798R5 - - 8,150,000 $5,281,956 $5,281,956 0.20 $5,230,933
Enbridge Inc. 5.9% 15-NOV-2026, 5.90%, 11/15/26 ENBCN 29250NBW4 - - 5,000,000 $5,217,120 $5,217,120 0.20 $5,086,008
Enable Midstream Partners, LP 4.95% 15-MAY-2028, 4.95%, 05/15/28 ET 292480AL4 - - 5,000,000 $5,128,420 $5,128,420 0.20 $5,018,420
MSD Investment Corp. 6.25% 31-MAY-2030, 6.25%, 05/31/30 MSINTM 55354LAA7 - - 5,250,000 $5,128,217 $5,128,217 0.20 $5,107,253
ETP Legacy LP 4.95% 15-JUN-2028, 4.95%, 06/15/28 ET 29278NAF0 - - 5,000,000 $5,109,320 $5,109,320 0.20 $5,019,945
Hyundai Capital America, Inc. 4.85% 25-MAR-2027, 4.85%, 03/25/27 HYNMTR 44891ADP9 - - 5,000,000 $5,002,985 $5,002,985 0.19 $4,984,124
NatWest Group Plc 2.875% 19-SEP-2026, 2.88%, 09/19/26 NWG AR7574981 - - 3,690,000 $4,946,510 $4,946,510 0.19 $4,862,147
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2I 2.045% 20-NOV-2047, 2.04%, 11/20/51 DNKN 2021-1A 233046AN1 - - 5,156,775 $4,941,352 $4,941,352 0.19 $4,922,312
Bayview Opportunity Master Fund VII Trust 2024-CAR1 A 5.43969% 25-DEC-2031, 5.44%, 12/26/31 BVCLN 2024-CAR1 07336QAA0 - - 4,692,995 $4,722,802 $4,722,802 0.18 $4,700,819
Jersey Mike's Funding, Series 2019-1 A2 4.433% 15-FEB-2050, 4.43%, 02/15/50 JMIKE 2019-1A 476681AA9 - - 4,708,440 $4,678,493 $4,678,493 0.18 $4,637,908
Willis North America Inc. 4.65% 15-JUN-2027, 4.65%, 06/15/27 WTW 970648AL5 - - 4,599,000 $4,669,109 $4,669,109 0.18 $4,591,884
VICI Properties L.P. 4.75% 01-APR-2028, 4.75%, 04/01/28 VICI 925650AJ2 - - 4,638,000 $4,625,274 $4,625,274 0.18 $4,614,259
Penske Truck Leasing Canada, Inc. 5.44% 08-DEC-2025, 5.44%, 12/08/25 PENSKE 70960AAE8 - - 6,153,000 $4,581,360 $4,581,360 0.18 $4,490,227
Hyundai Capital America, Inc. 5.0% 07-JAN-2028, 5.00%, 01/07/28 HYNMTR 44891ADL8 - - 4,501,000 $4,549,943 $4,549,943 0.18 $4,483,053
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA2 M1A 6.33969% 25-JUN-2043, 6.34%, 06/25/43 STACR 2023-HQA2 35564K2F5 - - 4,481,000 $4,515,590 $4,515,590 0.17 $4,491,128
Macquarie Bank Limited FRN 17-JUN-2031, 5.66%, 06/17/31 MQGAU BP9745582 - - 6,980,000 $4,499,294 $4,499,294 0.17 $4,472,262
Insurance Australia Group Limited FRN 15-JUN-2045, 6.46%, 06/15/45 IAGAU AX5655888 - - 6,730,000 $4,341,998 $4,341,998 0.17 $4,312,253
Westpac Banking Corporation 5.972% 10-JUL-2034, 5.97%, 07/10/34 WSTP YW1615957 - - 6,500,000 $4,335,353 $4,335,353 0.17 $4,263,298
Connecticut Avenue Securities Trust 2025-R01 1M1 5.43969% 25-JAN-2045, 5.44%, 01/25/45 CAS 2025-R01 20755JAB9 - - 4,163,011 $4,158,313 $4,158,313 0.16 $4,138,827
American Express Company 6.338% 30-OCT-2026, 6.34%, 10/30/26 AXP 025816DL0 - - 4,000,000 $4,155,482 $4,155,482 0.16 $4,032,243
Volkswagen Group of America Finance LLC 4.9% 14-AUG-2026, 4.90%, 08/14/26 VW 928668CK6 - - 4,075,000 $4,109,394 $4,109,394 0.16 $4,070,013
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA1 M1 5.68969% 25-FEB-2044, 5.69%, 02/25/44 STACR 2024-DNA1 35564NAX1 - - 4,086,603 $4,098,766 $4,098,766 0.16 $4,078,744
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M2 5.78969% 25-OCT-2044, 5.79%, 10/25/44 STACR 2024-DNA3 35564NFA6 - - 4,050,000 $4,049,311 $4,049,311 0.16 $4,029,120
Nasdaq, Inc. 5.65% 28-JUN-2025, 5.65%, 06/28/25 NDAQ 63111XAG6 - - 3,952,000 $4,029,392 $4,029,392 0.16 $3,956,823
Bank of America Corporation 4.376% 27-APR-2028, 4.38%, 04/27/28 BAC 06051GKP3 - - 3,644,000 $3,702,505 $3,702,505 0.14 $3,623,660
Lloyds Banking Group plc 5.985% 07-AUG-2027, 5.99%, 08/07/27 LLOYDS 539439AY5 - - 3,600,000 $3,694,570 $3,694,570 0.14 $3,647,887
Volkswagen Group of America Finance LLC 5.05% 27-MAR-2028, 5.05%, 03/27/28 VW 928668CP5 - - 3,580,000 $3,585,645 $3,585,645 0.14 $3,571,584
Santander Bank Auto Credit Linked Notes Series 2024-B 18-JAN-2033, 4.91%, 01/18/33 SBCLN 2024-B 80280BAA6 - - 3,556,132 $3,573,438 $3,573,438 0.14 $3,568,587
Structured Agency Credit Risk (STACR) Debt Notes, Series 2022-HQA3 M1A 6.63969% 25-AUG-2042, 6.64%, 08/25/42 STACR 2022-HQA3 35564KE39 - - 3,495,641 $3,557,865 $3,557,865 0.14 $3,537,879
Wells Fargo & Company FRN 25-APR-2026, 5.68%, 04/25/26 WFC 95000U2Y8 - - 3,500,000 $3,549,729 $3,549,729 0.14 $3,500,000
DB Master Finance, Series 2017-1 A2II 4.03% 20-NOV-2047, 4.03%, 11/20/47 DNKN 2017-1A 233046AF8 - - 3,524,700 $3,468,678 $3,468,678 0.13 $3,443,031
Ally Bank Auto Credit-Linked Notes, Series 2024-A A2 5.681% 15-MAY-2032, 5.68%, 05/17/32 ABCLN 2024-A 02007GZ48 - - 3,346,922 $3,395,971 $3,395,971 0.13 $3,390,689
Ally Bank Auto Credit-Linked Notes, Series 2024-A B 5.827% 15-MAY-2032, 5.83%, 05/17/32 ABCLN 2024-A 02007GZ55 - - 3,346,922 $3,390,882 $3,390,882 0.13 $3,385,464
Connecticut Avenue Securities Trust 2025-R02 1M1 5.48969% 25-FEB-2045, 5.49%, 02/25/45 CAS 2025-R02 20754TAC6 - - 3,378,154 $3,390,408 $3,390,408 0.13 $3,374,450
Lloyds Banking Group plc FRN 06-MAR-2030, 6.11%, 03/06/30 LLOYDS G55365HP1 - - 5,240,000 $3,388,634 $3,388,634 0.13 $3,360,586
Liberty Financial Pty Ltd. FRN 16-MAR-2028, 7.91%, 03/16/28 LBRFI Q5S40CAS5 - - 5,010,000 $3,378,952 $3,378,952 0.13 $3,351,841
Daimler Trucks Finance North America LLC 5.0% 15-JAN-2027, 5.00%, 01/15/27 DTRGR 233853AV2 - - 3,240,000 $3,296,686 $3,296,686 0.13 $3,251,686
General Motors Financial Company, Inc. 5.4% 06-APR-2026, 5.40%, 04/06/26 GM 37045XEF9 - - 3,230,000 $3,246,219 $3,246,219 0.13 $3,237,013
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA2 M1 5.53969% 25-MAY-2044, 5.54%, 05/25/44 STACR 2024-DNA2 35564NCX9 - - 3,089,568 $3,090,396 $3,090,396 0.12 $3,075,658
AerCap Global Aviation Trust 3.65% 21-JUL-2027, 3.65%, 07/21/27 AER 00774MAB1 - - 3,095,000 $3,037,412 $3,037,412 0.12 $3,007,915
Suncorp Group Limited FRN 01-DEC-2038, 6.77%, 12/01/38 SUNAU AU3FN0075644 - - 4,500,000 $2,948,098 $2,948,098 0.11 $2,919,808
Connecticut Avenue Securities Trust 2024-R02 1M1 5.43969% 25-FEB-2044, 5.44%, 02/25/44 CAS 2024-R02 20754GAA8 - - 2,885,543 $2,887,768 $2,887,768 0.11 $2,874,252
Ally Bank Auto Credit-Linked Notes, Series 2024-B A2 4.97% 15-SEP-2032, 4.97%, 09/15/32 ABCLN 2024-B 02007G4B6 - - 2,718,350 $2,733,621 $2,733,621 0.11 $2,729,869
Plenti Auto ABS Trust 2025-1 A 5.18% 12-AUG-2033, 5.18%, 08/12/33 PLENT 2025-1 BCC3KD5D0 - - 4,142,648 $2,641,974 $2,641,974 0.10 $2,637,836
Taco Bell Funding Series 2021-1 A2II 2.294% 25-AUG-2051, 2.29%, 08/25/51 BELL 2021-1A 87342RAH7 - - 2,916,060 $2,627,512 $2,627,512 0.10 $2,616,363
United Airlines 2020-1 Class A Pass Through Trust 5.875% 15-OCT-2027, 5.88%, 10/15/27 UAL 90931GAA7 - - 2,544,501 $2,569,556 $2,569,556 0.10 $2,565,403
Lonsdale Finance Pty Limited 2.1% 15-OCT-2027, 2.10%, 10/15/27 LOFINA Q5657JAC9 - - 3,800,000 $2,293,748 $2,293,748 0.09 $2,292,349
Westpac Banking Corporation FRN 11-NOV-2027, 5.42%, 11/11/27 WSTP Q97423E21 - - 3,300,000 $2,158,492 $2,158,492 0.08 $2,136,208
Structured Agency Credit Risk (STACR) Debt Notes, Series 2024-HQA1 M1 5.58969% 25-MAR-2044, 5.59%, 03/25/44 STACR 2024-HQA1 M1 35564NBX0 - - 2,094,925 $2,101,942 $2,101,942 0.08 $2,091,858
Connecticut Avenue Securities Trust 2023-R06 1M1 6.03969% 25-JUL-2043, 6.04%, 07/25/43 CAS 2023-R06 20754EAA3 - - 2,052,443 $2,065,426 $2,065,426 0.08 $2,054,751
Macquarie Group Limited 1.629% 23-SEP-2027, 1.63%, 09/23/27 MQGAU 55607PAF2 - - 2,100,000 $2,010,434 $2,010,434 0.08 $2,007,472
Westpac Banking Corporation 4.6% 16-FEB-2026, 4.60%, 02/16/26 WSTP Q97423Q93 - - 3,100,000 $2,009,082 $2,009,082 0.08 $1,992,081
Volkswagen Financial Services Australia Pty Ltd. 4.95% 13-APR-2026, 4.95%, 04/13/26 VW Q94829DZ0 - - 3,110,000 $1,994,601 $1,994,601 0.08 $1,991,362
American Express Company 5.098% 16-FEB-2028, 5.10%, 02/16/28 AXP 025816DP1 - - 1,950,000 $1,985,142 $1,985,142 0.08 $1,966,088
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2023-HQA3 M1 6.18969% 25-NOV-2043, 6.19%, 11/25/43 STACR 2023-HQA3 35564K3G2 - - 1,933,223 $1,948,762 $1,948,762 0.08 $1,938,458
Charter Hall LWR Pty Limited 2.086% 03-MAR-2028, 2.09%, 03/03/28 CHLWR BO0356143 - - 3,270,000 $1,940,544 $1,940,544 0.08 $1,934,206
Illumina, Inc. 4.65% 09-SEP-2026, 4.65%, 09/09/26 ILMN 452327AQ2 - - 1,705,000 $1,712,167 $1,712,167 0.07 $1,702,036
Connecticut Avenue Securities Trust 2024-R05 2M1 5.33969% 25-JUL-2044, 5.34%, 07/25/44 CAS 2024-R05 20754XAB9 - - 1,702,804 $1,706,565 $1,706,565 0.07 $1,698,735
Structured Agency Credit Risk (STACR) Debt Notes, Series 2023-HQA1 M1A 6.33969% 25-MAY-2043, 6.34%, 05/25/43 STACR 2023-HQA1 35564KX79 - - 1,540,960 $1,558,681 $1,558,681 0.06 $1,550,269
Great Southern Bank (Australia) FRN 01-DEC-2025, 6.02%, 12/01/25 CRUNAU Q29987NU6 - - 2,350,000 $1,523,909 $1,523,909 0.06 $1,510,276
Barclays Bank PLC 6.158% 28-MAY-2035, 6.16%, 05/28/35 BACR YT3757895 - - 2,230,000 $1,492,788 $1,492,788 0.06 $1,456,860
DB Master Finance, Series 2021-1 (Dunkin) 2021_A2II 2.493% 20-NOV-2047, 2.49%, 11/20/51 DNKN 2021-1A 233046AQ4 - - 1,577,992 $1,455,680 $1,455,680 0.06 $1,448,577
Morgan Stanley 2.188% 28-APR-2026, 2.19%, 04/28/26 MS 6174468Q5 - - 1,400,000 $1,414,701 $1,414,701 0.05 $1,399,641
CREDABL ABS 2024-1 TRUST FLT 2045 C, 6.28%, 05/11/45 CREDABL 2024-1 BCC3H6DR9 - - 2,060,000 $1,324,833 $1,324,833 0.05 $1,321,659
Waypoint REIT Limited 2.4% 21-SEP-2028, 2.40%, 09/21/28 VERFIN BR2600251 - - 2,230,000 $1,323,157 $1,323,157 0.05 $1,319,873
Lloyds Banking Group plc 5.087% 26-NOV-2028, 5.09%, 11/26/28 LLOYDS 53944YBC6 - - 1,260,000 $1,294,325 $1,294,325 0.05 $1,267,797
General Motors Financial Company, Inc. 6.05% 10-OCT-2025, 6.05%, 10/10/25 GM 37045XDZ6 - - 1,250,000 $1,258,839 $1,258,839 0.05 $1,255,688
Freddie Mac Structured Agency Credit Risk (STACR) REMIC Trust 2024-DNA3 M1 5.33969% 25-OCT-2044, 5.34%, 10/25/44 STACR 2024-DNA3 35564NEZ2 - - 1,189,963 $1,192,335 $1,192,335 0.05 $1,186,864
ElectraNet Pty Limited 2.4737% 15-DEC-2028, 2.47%, 12/15/28 ELECTR BR2242732 - - 1,930,000 $1,151,754 $1,151,754 0.04 $1,140,793
Volkswagen Financial Services Australia Pty Ltd. 5.3% 09-FEB-2027, 5.30%, 02/09/27 VW 9J19VNXX8 - - 1,670,000 $1,085,647 $1,085,647 0.04 $1,074,008
General Motors Financial Company, Inc. 1.55% 02-SEP-2025, 1.55%, 09/02/25 GM BR1269116 - - 1,590,000 $1,009,008 $1,009,008 0.04 $1,006,675
Rolls-Royce Plc 5.75% 15-OCT-2027, 5.75%, 10/15/27 ROLLS 77578JAC2 - - 958,000 $979,579 $979,579 0.04 $978,049
Westpac Banking Corporation FRN 10-AUG-2026, 4.95%, 08/10/26 WSTP Q974235Q8 - - 1,400,000 $907,195 $907,195 0.04 $898,198
Logicor 2019-1 UK PLC|1.875|11/17/2026, 1.88%, 11/17/26 LOGICR ZQ0630397 - - 656,000 $840,587 $840,587 0.03 $837,626
Bayview Opportunity Master Fund VII Trust 2024-SN1 A2 5.67% 15-APR-2027, 5.67%, 04/15/27 BVABS 2024-SN1A 072926AB4 - - 666,710 $668,549 $668,549 0.03 $667,499
Computershare US, Inc. 3.147% 30-NOV-2027, 3.15%, 11/30/27 CPUAU BS4738701 - - 1,070,000 $666,129 $666,129 0.03 $657,515
Australia and New Zealand Banking Group Limited FRN 31-MAR-2026, 5.25%, 03/31/26 ANZ Q0R2ADY78 - - 1,000,000 $644,480 $644,480 0.02 $642,088
Australian Central Credit Union Ltd. FRN 16-SEP-2031, 6.51%, 09/16/31 ACDAU BR2989365 - - 1,000,000 $638,274 $638,274 0.02 $633,820
McDonald's Corporation 3.45% 08-SEP-2026, 3.45%, 09/08/26 MCD AX3931323 - - 1,000,000 $636,487 $636,487 0.02 $633,583
Athene Global Funding 4.76% 21-APR-2027, 4.76%, 04/21/27 ATH BV9495979 - - 1,000,000 $636,227 $636,227 0.02 $635,894
Bendigo and Adelaide Bank Limited FRN 14-OCT-2031, 5.53%, 10/14/31 BENAU BR8160425 - - 800,000 $512,230 $512,230 0.02 $511,377
Commonwealth Bank of Australia 4.2% 18-AUG-2025, 4.20%, 08/18/25 CBAAU BY3652421 - - 600,000 $386,757 $386,757 0.01 $383,841
Network Finance Co Pty Ltd|2.25|11/11/2026, 2.25%, 11/11/26 NETFIN Q66407AD1 - - 570,000 $353,444 $353,444 0.01 $352,950
Santander Drive Auto Receivables Trust 2023-5 A2 6.31% 15-JUL-2027, 6.31%, 07/15/27 SDART 2023-5 80286PAB7 - - 315,423 $315,976 $315,976 0.01 $315,423
United Auto Credit Securitization Trust 2024-1 A 6.17% 10-AUG-2026, 6.17%, 08/10/26 UACST 2024-1 90945DAA8 - - 205,883 $206,512 $206,512 0.01 $205,983
Westlake Automobile Receivables Trust 2023-3 A2A 5.96% 15-OCT-2026, 5.96%, 10/15/26 WLAKE 2023-3A 96041CAC6 - - 164,213 $164,567 $164,567 0.01 $164,295
Australia and New Zealand Banking Group Limited FRN 26-FEB-2031, 5.97%, 02/26/31 ANZ AU3FN0055687 - - 150,000 $97,381 $97,381 0.00 $96,471
Vicinity Centres RE Ltd. 4.0% 26-APR-2027, 4.00%, 04/26/27 VCXAU AM9809642 - - 150,000 $97,174 $97,174 0.00 $95,272
US 2YR NOTE (CBT) Jun25 JUN 25 TUM5 FUTURES_USD - -5,131 $-1,064,762,677 $0 0.00 $0
EURO-SCHATZ FUT Jun25 JUN 25 DUM5 FUTURES_EUR - 2,248 $275,106,683 $0 0.00 $0
CAN 2YR BOND FUT Jun25 JUN 25 CVM5 FUTURES_CAD - 768.00 $58,465,937 $0 0.00 $0
AUST 3YR BOND FUT Jun25 JUN 25 YMM5 AU03Y 28M - -1,633 $-112,469,716 $0 0.00 $0
US 5YR NOTE (CBT) Jun25 JUN 25 FVM5 FUTURES_USD - -382.00 $-41,426,110 $0 0.00 $0
GLOBAL PAYMENTS INC 0% 04/25/2025, 0.00%, 04/25/25 GPN 37961CRR5 - - 76,900,000 $76,889,588 $76,889,588 2.98 $76,889,588
TARGA RESOURCES CORP 0% 04/25/2025, 0.00%, 04/25/25 TRGP 87613ERR8 - - 16,050,000 $16,047,830 $16,047,830 0.62 $16,047,830
SEGREGATED CASH SEGCASH - $0.00 11,862,776 $11,862,776 $11,862,776 0.46 $11,862,776
AUSTRALIAN DOLLARS AUD - - 7,889,848 $5,049,115 $5,049,115 0.20 $5,049,115
BRITISH POUND GBP - - 1,994,022 $2,654,944 $2,654,944 0.10 $2,654,944
NEW ZEALAND DOLLAR NZD - - 3,781,697 $2,264,665 $2,264,665 0.09 $2,264,665
EURO EUR - - 1,879,738 $2,137,912 $2,137,912 0.08 $2,137,912
CANADIAN DOLLAR CAD - - 2,052,786 $1,478,952 $1,478,952 0.06 $1,478,952
US DOLLARS USD MD_142224 - - -2,861,144 $-2,861,144 $-2,861,144 -0.11 $-2,861,144
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - 54,400,000 $0 $54,400,000 2.11 $54,400,000
Buy Protection, 1.00%, 06/20/30 2I65BYEH4 2I65BYEH4 - -54,400,000 $-54,400,000 $-54,400,000 -2.11 $-54,400,000
Pay NZD BANK BILL 3MO Receive Fixed 5.615%, 5.62%, 07/13/25 - - - 32,632,700 $19,542,060 $19,542,060 0.76 $19,542,060
Pay NZD BANK BILL 3MO Receive Fixed 5.615%, 5.62%, 07/13/25 - - - -32,632,700 $-19,542,060 $-19,542,060 -0.76 $-19,542,060
Pay NZD BANK BILL 3MO Receive Fixed 5.3775%, 5.38%, 07/19/25 - - - 32,632,700 $19,542,060 $19,542,060 0.76 $19,542,060
Pay NZD BANK BILL 3MO Receive Fixed 5.3775%, 5.38%, 07/19/25 - - - -32,632,700 $-19,542,060 $-19,542,060 -0.76 $-19,542,060
Pay NZD BANK BILL 3MO Receive Fixed 5.44%, 5.44%, 07/27/25 - - - 63,455,000 $37,999,964 $37,999,964 1.47 $37,999,964
Pay NZD BANK BILL 3MO Receive Fixed 5.44%, 5.44%, 07/27/25 - - - -63,455,000 $-37,999,964 $-37,999,964 -1.47 $-37,999,964
Pay NZD BANK BILL 3MO Receive Fixed 5.51%, 5.51%, 08/16/25 - - - 31,965,000 $19,142,209 $19,142,209 0.74 $19,142,209
Pay NZD BANK BILL 3MO Receive Fixed 5.51%, 5.51%, 08/16/25 - - - -31,965,000 $-19,142,209 $-19,142,209 -0.74 $-19,142,209
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 82,265,000 $49,264,314 $49,264,314 1.91 $49,264,314
Pay NZD BANK BILL 3MO Receive Fixed 5.12%, 5.12%, 04/22/26 - - $0.00 -82,265,000 $-49,264,314 $-49,264,314 -1.91 $-49,264,314
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - 75,370,000 $45,135,250 $45,135,250 1.75 $45,135,250
Pay NZD BANK BILL 3MO Receive Fixed 3.56%, 3.56%, 10/21/26 - - - -75,370,000 $-45,135,250 $-45,135,250 -1.75 $-45,135,250
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - 106,550,000 $63,807,362 $63,807,362 2.47 $63,807,362
Pay NZD BANK BILL 3MO Receive Fixed 3.45%, 3.45%, 02/17/27 - - - -106,550,000 $-63,807,362 $-63,807,362 -2.47 $-63,807,362
FX Forward|NZD|07/11/2025 +NZD0 - - -6,264,000 $-3,759,897 $-3,759,897 -0.15 $-3,759,897
FX Forward|USD|07/11/2025 +NZD0 - - 3,485,195 $3,485,195 $3,485,195 0.13 $3,485,195
FX Forward|CAD|07/11/2025 +CAD0 - - -93,519,000 $-67,640,782 $-67,640,782 -2.62 $-67,640,782
FX Forward|USD|07/11/2025 +CAD0 - - 66,040,341 $66,040,341 $66,040,341 2.56 $66,040,341
FX Forward|EUR|07/11/2025 +EUR1 - - -12,720,000 $-14,536,833 $-14,536,833 -0.56 $-14,536,833
FX Forward|USD|07/11/2025 +EUR1 - - 14,004,833 $14,004,833 $14,004,833 0.54 $14,004,833
FX Forward|GBP|07/11/2025 +GBP0 - - -11,170,000 $-14,875,872 $-14,875,872 -0.58 $-14,875,872
FX Forward|USD|07/11/2025 +GBP0 - - 14,290,794 $14,290,794 $14,290,794 0.55 $14,290,794
FX Forward|AUD|07/11/2025 +AUD1 - - -673,000,000 $-431,050,219 $-431,050,219 -16.68 $-431,050,219
FX Forward|USD|07/11/2025 +AUD1 - - 402,289,115 $402,289,115 $402,289,115 15.57 $402,289,115
FX Forward|AUD|07/11/2025 +AUD2 - - 3,863,000 $2,474,215 $2,474,215 0.10 $2,474,215
FX Forward|USD|07/11/2025 +AUD2 - - -2,461,795 $-2,461,795 $-2,461,795 -0.10 $-2,461,795
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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