# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001145549-25-057305
**Filing Date:** 2025-8
**Character Count:** 83196
**Document Hash:** 7c560b8b9a3bd4b800a453cd4441e62d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057305.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057305

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS INVESTMENT FUND
- **CENTRAL INDEX KEY:** 0000277751

**ORGANIZATION NAME:**
- **EIN:** 840592523
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01879
- **FILM NUMBER:** 251279166

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-333-3863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JANUS FUND /MD/
- **DATE OF NAME CHANGE:** 19870701

## Series and Classes Contracts Data

### Janus Henderson High-Yield Fund (Series ID: S000010468)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000028924 | Class T      | JAHYX           |
| C000077664 | Class A      | JHYAX           |
| C000077665 | Class C      | JDHCX           |
| C000077666 | Class I      | JHYFX           |
| C000077667 | Class R      | JHYRX           |
| C000077668 | Class S      | JDHYX           |
| C000083516 | Class D      | JNHYX           |
| C000114871 | Class N      | JHYNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** JANUS INVESTMENT FUND

- **b. Investment Company Act file number:** 811-01879

- **c. CIK number of Registrant:** 0000277751

- **d. LEI of Registrant:** W6UYDZFUOFJ4HQQ32382

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 151 Detroit Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

**Item A.2. Information about the Series.**

- **a. Name of Series:** Janus Henderson High-Yield Fund

- **b. EDGAR series identifier (if any):** S000010468

- **c. LEI of Series:** EL1Q72EQG65N1PYH1412

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $720390851.08

**Total Liabilities:** $36194777.79

**Net Assets:** $684196073.29

**Delayed Delivery Securities:** $31798553.75

**Cash Not Reported:** $421268.12

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -10.399450405966 | **1-Year:** -299.311435002600 | **5-Year:** -1493.915223844815 | **10-Year:** -3025.380063567311 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -761.034999044866 | **1-Year:** -34573.115026205494 | **5-Year:** -145372.683343961600 | **10-Year:** -39804.776944742770 | **30-Year:** -617.436450524488

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028924 | -0.39%               | 2.41%                | 2.20%                |
| Class ID C000077664 | -0.40%               | 2.40%                | 2.19%                |
| Class ID C000077665 | -0.46%               | 2.35%                | 2.13%                |
| Class ID C000077666 | -0.24%               | 2.28%                | 2.21%                |
| Class ID C000077667 | -0.30%               | 2.22%                | 2.16%                |
| Class ID C000077668 | -0.41%               | 2.39%                | 2.17%                |
| Class ID C000083516 | -0.38%               | 2.42%                | 2.21%                |
| Class ID C000114871 | -0.24%               | 2.43%                | 2.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $396729.00               | $-5950433.00                               |
| Month 2  | $-1436062.00             | $12556558.00                               |
| Month 3  | $2569922.00              | $8476636.00                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Corporate High Yield Unhedged in USD

- **Index Identifier:** BARCLAYS.MC.LEHM000204UUSD

### Schedule of Portfolio Investments

| Name                                                                                       | Title                                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                                                        | US T-NOTE ULTRA 10Y                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -139 | NC      | $-254776.99   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| CSC Holdings, LLC                                                                          | CSCHLD 11.75 01/31/29 144A                                               | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3252000 | PA      | $3093158.66   | 0.45%             | 2029-01-31      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| N/A                                                                                        | Sell EUR / Buy USD                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-45228.37    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                        | Sell USD / Buy EUR                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $47778.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                        | US T-NOTE 2YR                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       330 | NC      | $291331.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corporation                                                                       | Celanese Corporation COM USD0.0001                                       | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     14094 | NS      | $779821.02    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                                                                        | Churchill Downs Inc COM NPV                                              | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     32411 | NS      | $3273511.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Forefront Dermatology                                                                      | Forefront Dermatology Term Loan B 425 2029-03-07                         | CUSIP: 24982LAB1<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |   1958974 | PA      | $1771245.91   | 0.26%             | 2029-03-30      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| FTAI Infra Escrow Holdings LLC                                                             | FIP 10.5 06/01/27 144A                                                   | CUSIP: 30327TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13271000 | PA      | $13807878.31  | 2.02%             | 2027-06-01      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Firstcash Inc                                                                              | FCFS 5.625 01/01/30 144A                                                 | CUSIP: 31944TAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1136000 | PA      | $1132754.33   | 0.17%             | 2030-01-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Firstcash Inc                                                                              | FCFS 6.875 03/01/32 144A                                                 | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1459058.13   | 0.21%             | 2032-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                              | F 6.5 02/07/35                                                           | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5389000 | PA      | $5381545.02   | 0.79%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials Inc                                                          | FBM 6 03/01/29 144A                                                      | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |   5680000 | PA      | $5209752.63   | 0.76%             | 2029-03-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: —       |
| N/A                                                                                        | US T-BOND 30YR                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        68 | NC      | $236998.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                        | US T-BOND ULTRA                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -20 | NC      | $-61415.37    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Foundation Building Materials                                                              | Foundation Building Materials Term Loan B-2 (Incremental) 400 2031-01-16 | CUSIP: 35039KAD8<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |   3541932 | PA      | $3460963.76   | 0.51%             | 2031-01-29      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials                                                              | Foundation Building Materials Term Loan B-3 (Incremental) 525 2031-01-01 | CUSIP: 35039KAE6<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |   1100000 | PA      | $1082818.00   | 0.16%             | 2031-01-29      | Floating      | 9.55%                 | No            |                  2 | On Loan: No      |
| Full House Resorts Inc.                                                                    | FLL 8.25 02/15/28 144A                                                   | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |   6479000 | PA      | $6295477.14   | 0.92%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: —       |
| Ecopetrol S.A.                                                                             | ECOPET 8.375 01/19/36                                                    | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   2305000 | PA      | $2224017.28   | 0.33%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| EG Global Finance PLC                                                                      | EGBLFN 12 11/30/28 144A                                                  | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |   3183000 | PA      | $3513630.94   | 0.51%             | 2028-11-30      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| FMG Resources (August 2006) Pty Ltd.                                                       | FMGAU 4.375 04/01/31 144A                                                | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   9514000 | PA      | $8889894.73   | 1.30%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FMG Resources (August 2006) Pty Ltd.                                                       | FMGAU 6.125 04/15/32 144A                                                | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   2697000 | PA      | $2743323.67   | 0.40%             | 2032-04-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Forvia SE                                                                                  | EOFP 8 06/15/30 144A                                                     | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |   5033000 | PA      | $5156741.34   | 0.75%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| HLF Financing SaRL LLC and Herbalife International Inc.                                    | HLF 12.25 04/15/29 144A                                                  | CUSIP: 40390DAD7<br>LEI: 549300VKVJUV5OGV2R51 | Long             | DBT              | CORP              | US        |   8165000 | PA      | $8884173.20   | 1.30%             | 2029-04-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Heartland Dental LLC / Heartland Dental Finance Corp.                                      | HEARTL 10.5 04/30/28 144A                                                | CUSIP: 42239PAB5<br>LEI: 5493008FRC0GRKBN1075 | Long             | DBT              | CORP              | US        |   8369000 | PA      | $8836751.78   | 1.29%             | 2028-04-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                          | HRI 7 06/15/30 144A                                                      | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3003000 | PA      | $3136205.09   | 0.46%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                          | HRI 7.25 06/15/33 144A                                                   | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3711000 | PA      | $3888390.51   | 0.57%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| AMC Networks Inc                                                                           | AMCX 10.5 07/15/32 144A                                                  | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   6251000 | PA      | $6333763.24   | 0.93%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corporation                         | UNSEAM 6.875 06/15/30 144A                                               | CUSIP: 019576AF4<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   4680000 | PA      | $4743479.52   | 0.69%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower Escrow LLC/ Hilton Grand Vacations Borrower Escrow Inc     | HGVLLC 4.875 07/01/31 144A                                               | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3339000 | PA      | $3076742.92   | 0.45%             | 2031-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Howard Midstream Energy Partners Llc                                                       | HOWMID 7.375 07/15/32 144A                                               | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2531000 | PA      | $2661847.64   | 0.39%             | 2032-07-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                        | ALLY V6.646 01/17/40                                                     | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1405832.00   | 0.21%             | 2040-01-17      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                       | ALPGEN 6.75 10/15/32 144A                                                | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   3340000 | PA      | $3443022.30   | 0.50%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| ITT Holdings LLC                                                                           | INTMAT 6.5 08/01/29 144A                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   4551000 | PA      | $4327778.46   | 0.63%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                   | JANEST 6.125 11/01/32 144A                                               | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   5641000 | PA      | $5694850.11   | 0.83%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Kohl's Corp.                                                                               | KSS 10 06/01/30 144A                                                     | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   2694000 | PA      | $2792382.75   | 0.41%             | 2030-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| LGI Homes Inc                                                                              | LGIH 4 07/15/29 144A                                                     | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   7886000 | PA      | $7056269.62   | 1.03%             | 2029-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LGI Homes Inc                                                                              | LGIH 7 11/15/32 144A                                                     | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2617312.50   | 0.38%             | 2032-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                    | LVLT 3.75 07/15/29 144A                                                  | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   2399000 | PA      | $2018158.75   | 0.29%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                                    | LVLT 6.875 06/30/33 144A                                                 | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   6760868 | PA      | $6879338.83   | 1.01%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Long Ridge Energy LLC                                                                      | LONRID 8.75 02/15/32 144A                                                | CUSIP: 54288CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5615000 | PA      | $5832600.23   | 0.85%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| MP Materials Corp                                                                          | MP Materials Corp COM CL A                                               | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     36504 | NS      | $1214488.08   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                                                                     | Marvell Technology Inc COM                                               | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25171 | NS      | $1948235.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mav Acquisition Corporation                                                                | MHED 8 08/01/29 144A                                                     | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   3725000 | PA      | $3792802.45   | 0.55%             | 2029-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| McGraw-Hill Education Inc.                                                                 | MHED 7.375 09/01/31 144A                                                 | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   1661000 | PA      | $1732657.63   | 0.25%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: —       |
| Midcontinent Communications/Midcontinent Communications Finance Corp                       | MIDCON 8 08/15/32 144A                                                   | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |   3173000 | PA      | $3357903.40   | 0.49%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| EUC (End User Computing)                                                                   | EUC (End User Computing) Term Loan B 450 2031-04-01                      | CUSIP: 60753DAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5522509 | PA      | $5308512.11   | 0.78%             | 2031-07-01      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Mohegan Escrow Issuer LLC                                                                  | MOHEGN 8.25 04/15/30 144A                                                | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3483702.00   | 0.51%             | 2030-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| New Flyer Holdings Inc.                                                                    | NFICN 9.25 07/01/30 144A                                                 | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4358000 | PA      | $4597871.86   | 0.67%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| New Home Company Inc                                                                       | NWHM 9.25 10/01/29 144A                                                  | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   1663000 | PA      | $1724075.34   | 0.25%             | 2029-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| New Home Company Inc                                                                       | NWHM 8.5 11/01/30 144A                                                   | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   4292000 | PA      | $4371253.24   | 0.64%             | 2030-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| JANUS CAPITAL GROUP INC                                                                    | Janus Henderson Cash Liquidity Fund LLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  33957663 | NS      | $33964454.85  | 4.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Twitter Inc                                                                                | Twitter Inc                                                              | CUSIP: 90184NAK4<br>LEI: 549300I8RX485XMK6836 | Long             | LON              | CORP              | US        |   5066000 | PA      | $4922480.22   | 0.72%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                                                    | ZAYO 4 03/01/27 144A                                                     | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   2572000 | PA      | $2411961.16   | 0.35%             | 2027-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Zayo Group                                                                                 | Zayo Group Term Loan B-2 (Incremental) 425 2027-03-01                    | CUSIP: 98919XAE1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |   1950000 | PA      | $1869153.00   | 0.27%             | 2027-03-09      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| Protective Industrial Products                                                             | Protective Industrial Products Term Loan B 400 2032-01-05                | CUSIP: 37987UAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2821000 | PA      | $2761053.75   | 0.40%             | 2032-05-21      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                  | IVYCST 8.075 04/01/36 144A                                               | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   1789000 | PA      | $1725655.96   | 0.25%             | 2036-04-01      | Fixed         | 8.07%                 | Yes           |                  2 | On Loan: No      |
| Ggam Finance Ltd.                                                                          | GGAMFI 5.875 03/15/30 144A                                               | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   2936000 | PA      | $2956845.60   | 0.43%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Husky Ims CDN Escrow Co-Issuer Ltd / Husky IMS U S Escrow Co-Issuer LLC                    | HUSKYI 9 02/15/29 144A                                                   | CUSIP: 44805RAA3<br>LEI: 5493003ZDHRVP2N4C109 | Long             | DBT              | CORP              | CA        |   2222000 | PA      | $2323207.63   | 0.34%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group SA                                                                    | LTMCI 7.875 04/15/30 144A                                                | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   8252000 | PA      | $8417040.00   | 1.23%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Maxam Prill S.a r.l.                                                                       | MXPRLL 7.75 07/15/30 144A                                                | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |   6977000 | PA      | $6989370.08   | 1.02%             | 2030-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                                     | MINAU 9.25 10/01/28 144A                                                 | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   4888000 | PA      | $5002418.30   | 0.73%             | 2028-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                | FMCN 9.375 03/01/29 144A                                                 | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   3071000 | PA      | $3259396.79   | 0.48%             | 2029-03-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                | FMCN 8 03/01/33 144A                                                     | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   7513000 | PA      | $7706008.97   | 1.13%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                        | US T-NOTE 5YR                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -377 | NC      | $-320995.19   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines, Inc.                                                                    | AAL 7.25 02/15/28 144A                                                   | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   3990000 | PA      | $4074783.51   | 0.60%             | 2028-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| American Airlines, Inc.                                                                    | AAL 8.5 05/15/29 144A                                                    | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   8117000 | PA      | $8510950.48   | 1.24%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                              | CHTR 4.5 05/01/32                                                        | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3180000 | PA      | $2961352.10   | 0.43%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Community Health Systems Incorporated                                                      | CYH 6.875 04/15/29 144A                                                  | CUSIP: 12543DBJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2120000 | PA      | $1690382.00   | 0.25%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                      | RGCARE 11 10/15/30 144A                                                  | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   1922000 | PA      | $2120342.71   | 0.31%             | 2030-10-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Analog Devices Inc.                                                                        | Analog Devices Inc. COM USD0.16 2/3                                      | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      4779 | NS      | $1137497.58   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Metal Packaging Finance PLC / Ardagh Metal Packaging Finance USA LLC                | AMPBEV 4 09/01/29 144A                                                   | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   5129000 | PA      | $4682146.13   | 0.68%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Carvana Co                                                                                 | CVNA 5.875 10/01/28 144A                                                 | CUSIP: 146869AD4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90962.50     | 0.01%             | 2028-10-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Carvana Co                                                                                 | CVNA 4.875 09/01/29 144A                                                 | CUSIP: 146869AH5<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   2423000 | PA      | $2192815.00   | 0.32%             | 2029-09-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc                                                                      | RGCARE 10 06/01/32 144A                                                  | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   9545000 | PA      | $9847242.43   | 1.44%             | 2032-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Lions Gate Television Inc.                                                                 | LGF 5.5 04/15/29 144a                                                    | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6208000 | PA      | $5395186.56   | 0.79%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Carvana Co                                                                                 | CVNA 9 06/01/30 144A                                                     | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   4872088 | PA      | $5123608.79   | 0.75%             | 2030-06-01      | Variable      | 11.00%                | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                   | CE 6.629 07/15/32                                                        | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    830000 | PA      | $870148.76    | 0.13%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Aretec Escrow Issuer 2 Inc.                                                                | RCAP 10 08/15/30 144A                                                    | CUSIP: 04020JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3549508.37   | 0.52%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Atlas Luxco 4 S A R L / Allied Universal Holdco Llc / Allied Universal Finance Corporation | UNSEAM 4.625 06/01/28 144a                                               | CUSIP: 049362AA4<br>LEI: 549300ONXPZT3KQZDR65 | Long             | DBT              | CORP              | N/A       |   4191000 | PA      | $4064174.89   | 0.59%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                   | CE 7.2 11/15/33                                                          | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2653000 | PA      | $2816318.68   | 0.41%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Champ Acquisition Corp                                                                     | VISANT 8.375 12/01/31 144A                                               | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2868000 | PA      | $3047614.24   | 0.45%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                      | CIVI 8.75 07/01/31 144A                                                  | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   4685000 | PA      | $4737046.27   | 0.69%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                  | TIBX 9 09/30/29 144A                                                     | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   7138000 | PA      | $7398718.31   | 1.08%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                                             | ATWALD 6.25 01/15/30                                                     | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   1669000 | PA      | $1686626.29   | 0.25%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Barbados (Government Of)                                                                   | BARBAD 8 06/26/35 144A                                                   | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |    698000 | PA      | $700391.07    | 0.10%             | 2035-06-26      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Long Ridge Energy                                                                          | Long Ridge Energy Term Loan B 450 2032-01-21                             | CUSIP: 54288BAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2604000 | PA      | $2561685.00   | 0.37%             | 2032-02-19      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| Compass Minerals International Inc.                                                        | CMP 8 07/01/30 144A                                                      | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |   5551000 | PA      | $5734961.36   | 0.84%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave Inc.                                                                             | CRWV 9.25 06/01/30 144A                                                  | CUSIP: 21873SAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6666000 | PA      | $6814874.04   | 1.00%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Crocs Inc                                                                                  | CROX 4.125 08/15/31 144A                                                 | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    784000 | PA      | $706001.02    | 0.10%             | 2031-08-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Quiksilver Inc                                                                             | Authentic Brands Group LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2232182 | PA      | $2232181.91   | 0.33%             | 2029-09-01      | Variable      | 5.00%                 | No            |                  3 | On Loan: No      |
| NRG Energy, Inc.                                                                           | NRG 6 02/01/33 144A                                                      | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2553000 | PA      | $2578443.20   | 0.38%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                           | NRG 6.25 11/01/34 144A                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2979000 | PA      | $3035148.25   | 0.44%             | 2034-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Beacon Mobility Financial Corp.                                                            | BEAMOB 7.25 08/01/30 144A                                                | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4102000 | PA      | $4188271.79   | 0.61%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Beazer Homes USA Inc.                                                                      | BZH 7.5 03/15/31 144A                                                    | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   6285000 | PA      | $6371607.30   | 0.93%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                        | US T-NOTE 10YR                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -44 | NC      | $-83754.48    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Garda World Security Corporation                                                           | GWCN 6 06/01/29 144A                                                     | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |  11356000 | PA      | $11084070.36  | 1.62%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Broadstreet Partners Inc                                                                   | BROPAR 5.875 04/15/29 144A                                               | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   6793000 | PA      | $6713246.78   | 0.98%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                                                                 | Builders Firstsource, Inc. COM USD0.01                                   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     29363 | NS      | $3426368.47   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Global Finance LLC                                                         | BURLN 6.875 04/15/30 144A                                                | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   4005000 | PA      | $4000799.96   | 0.58%             | 2030-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment Inc.                                                                 | CZR 6 10/15/32 144A                                                      | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3460000 | PA      | $3393263.17   | 0.50%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp.                                                                        | RITM 8 04/01/29 144A                                                     | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   5551000 | PA      | $5608269.67   | 0.82%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media Inc.                                                                         | NXST 4.75 11/01/28 144A                                                  | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2127000 | PA      | $2071817.11   | 0.30%             | 2028-11-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: —       |
| OneMain Financial Corporation                                                              | OMF 6.625 05/15/29                                                       | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3216000 | PA      | $3302996.02   | 0.48%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                              | OMF 6.75 03/15/32                                                        | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3280000 | PA      | $3341690.24   | 0.49%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                        | Sell EUR / Buy USD                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-37649.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                        | Sell USD / Buy EUR                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $2373.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                                      | BBWI 6.95 03/01/33                                                       | CUSIP: 532716AK3<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   4107000 | PA      | $4222094.57   | 0.62%             | 2033-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| StoneX Escrow Issuer LLC                                                                   | SNEX 6.875 07/15/32 144A                                                 | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4388000 | PA      | $4432136.35   | 0.65%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer BV                                          | OGN 6.75 05/15/34 144A                                                   | CUSIP: 68622FAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   3029000 | PA      | $2908887.55   | 0.43%             | 2034-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co                                                                               | OGN 4.125 04/30/28 144a                                                  | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   2401000 | PA      | $2309214.57   | 0.34%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co                                                                               | OGN 5.125 04/30/31 144A                                                  | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   5308000 | PA      | $4606578.00   | 0.67%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: —       |
| Organon & Co                                                                               | Organon & Co COMMON STOCK                                                | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    125565 | NS      | $1215469.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                                    | AQNCN V4.75 01/18/82                                                     | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   2697000 | PA      | $2630448.56   | 0.38%             | 2082-01-18      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Altice France S.A                                                                          | SFRFP 5.5 10/15/29 144A                                                  | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3660000 | PA      | $3033828.90   | 0.44%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Aston Martin Capital Holdings Ltd.                                                         | ASTONM 10 03/31/29 144A                                                  | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |   5163000 | PA      | $4888785.33   | 0.71%             | 2029-03-31      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: —       |
| Bombardier Inc.                                                                            | BBDBCN 7.45 05/01/34 144A                                                | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   5341000 | PA      | $5806574.97   | 0.85%             | 2034-05-01      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Patrick Industries Inc.                                                                    | PATK 6.375 11/01/32 144A                                                 | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   1688000 | PA      | $1692636.94   | 0.25%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PENN Entertainment Inc                                                                     | PENN 4.125 07/01/29 144A                                                 | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7321000 | PA      | $6783697.17   | 0.99%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                        | Sell EUR / Buy USD                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-736.02      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                        | Sell EUR / Buy USD                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-2120.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                            | PFSI 5.75 09/15/31 144A                                                  | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   5111000 | PA      | $5011839.44   | 0.73%             | 2031-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                            | PFSI 6.875 02/15/33 144A                                                 | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2718000 | PA      | $2785950.00   | 0.41%             | 2033-02-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                      | QUIKHO 6.75 03/01/33 144A                                                | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4558000 | PA      | $4703062.91   | 0.69%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Rand Parent LLC                                                                            | AAWW 8.5 02/15/30 144A                                                   | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8864000 | PA      | $8900874.24   | 1.30%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                        | Sell USD / Buy EUR                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $2091.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Software Inc                                                                        | ROCSOF 6.5 02/15/29 144A                                                 | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   7272000 | PA      | $7055923.43   | 1.03%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Rocket Software Inc                                                                        | ROCSOF 9 11/28/28 144A                                                   | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   3237000 | PA      | $3336716.08   | 0.49%             | 2028-11-28      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                           | BMCAUS 3.375 01/15/31 144A                                               | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |  12086000 | PA      | $10838676.46  | 1.58%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Star Parent Inc.                                                                           | SYNH 9 10/01/30 144A                                                     | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   6192000 | PA      | $6512861.95   | 0.95%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Station Casinos LLC                                                                        | RRR 4.5 02/15/28 144A                                                    | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1905000 | PA      | $1868050.52   | 0.27%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Station Casinos LLC                                                                        | RRR 4.625 12/01/31 144A                                                  | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   9354000 | PA      | $8762206.09   | 1.28%             | 2031-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                                                                  | ATSG 7.25 03/15/32 144A                                                  | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |   7188000 | PA      | $7619682.53   | 1.11%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Tibco Software Inc                                                                         | TIBX 6.5 03/31/29 144A                                                   | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8869000 | PA      | $8951597.00   | 1.31%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Wilsonart LLC                                                                              | WLSNRT 11 08/15/32 144A                                                  | CUSIP: 97246JAA6<br>LEI: 549300SAZRUMYKDJBY14 | Long             | DBT              | CORP              | US        |   7084000 | PA      | $6435998.18   | 0.94%             | 2032-08-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Caesars Republic Alexander Valley                                                          | Caesars Republic Alexander Valley Term Loan B 900 2031-05-27             | CUSIP: 76837PAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5050000 | PA      | $4898500.00   | 0.72%             | 2031-06-17      | Floating      | 13.32%                | No            |                  2 | On Loan: No      |
| N/A                                                                                        | Buy Protection on VLNCFCH SENIOR_UNSECURED/Pay: US                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   -650000 | OU      | $-37172.96    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Albion Financing 1 S.a.r.l.                                                                | AGKLN 7 05/21/30 144A                                                    | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |   2754000 | PA      | $2810532.07   | 0.41%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Bahamas (Commonwealth of)                                                                  | BAHAMA 8.25 06/24/36 144A                                                | CUSIP: 056732AP5<br>LEI: 549300W13SXC7EKNJC20 | Long             | DBT              | NUSS              | BS        |   1986000 | PA      | $2015790.00   | 0.29%             | 2036-06-24      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Capstone Copper Corp                                                                       | CAPCOP 6.75 03/31/33 144A                                                | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   7295000 | PA      | $7469780.91   | 1.09%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| 1261229 Bc Ltd.                                                                            | BHCCN 10 04/15/32 144A                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3124000 | PA      | $3151397.39   | 0.46%             | 2032-04-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                            | WYNMAC 5.125 12/15/29 144A                                               | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   2933000 | PA      | $2818143.72   | 0.41%             | 2029-12-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                            | WYNMAC 5.625 08/26/28 144A                                               | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |   7422000 | PA      | $7296484.33   | 1.07%             | 2028-08-26      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Ghana (Republic of)                                                                        | GHANA 5 07/03/29 REGS                                                    | CUSIP: V3R60FEL4<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   2502000 | PA      | $2334461.27   | 0.34%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.                                                             | SOLEIN 7.25 06/15/31 144A                                                | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   2876000 | PA      | $2933520.00   | 0.43%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                              | OMF 4 09/15/30                                                           | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3984000 | PA      | $3676170.66   | 0.54%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                              | OMF 7.125 09/15/32                                                       | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   4573000 | PA      | $4734285.14   | 0.69%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV                                                                      | NXP Semiconductors NV EUR0.20                                            | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | US        |      8374 | NS      | $1829635.26   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp.                                                              | FUN 7.25 05/15/31 144A                                                   | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   5578000 | PA      | $5732431.50   | 0.84%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| StoneX Group Inc                                                                           | SNEX 7.875 03/01/31 144A                                                 | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |   9698000 | PA      | $10165889.71  | 1.49%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Surgery Partners Inc                                                                       | Surgery Partners Inc COM USD0.01                                         | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |    144111 | NS      | $3203587.53   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp.                           | TEP 6 09/01/31 144A                                                      | CUSIP: 87470LAK7<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |  10877000 | PA      | $10614276.94  | 1.55%             | 2031-09-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating, LLC                                                             | TERP 4.75 01/15/30 144A                                                  | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |   5290000 | PA      | $5064601.04   | 0.74%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Thor Industries Inc.                                                                       | THO 4 10/15/29 144A                                                      | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |   4126000 | PA      | $3866536.49   | 0.57%             | 2029-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Travere Therapeutics Inc                                                                   | TVTX 2.25 03/01/29                                                       | CUSIP: 89422GAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3995000 | PA      | $3795335.17   | 0.55%             | 2029-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Tronox Incorporated                                                                        | TROX 4.625 03/15/29 144A                                                 | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |   5819000 | PA      | $5021267.47   | 0.73%             | 2029-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc.                                                              | UVN 4.5 05/01/29 144A                                                    | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   3128000 | PA      | $2843983.04   | 0.42%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: —       |
| Univision Communications Inc.                                                              | UVN 7.375 06/30/30 144A                                                  | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2615000 | PA      | $2569852.29   | 0.38%             | 2030-06-30      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc.                                                              | UVN 8 08/15/28 144A                                                      | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   6283000 | PA      | $6375856.46   | 0.93%             | 2028-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Univision Communications Inc.                                                              | UVN 8.5 07/31/31 144A                                                    | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   2941000 | PA      | $2944257.66   | 0.43%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Verde Purchaser LLC                                                                        | VRTV 10.5 11/30/30 144A                                                  | CUSIP: 92339LAA0<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | DBT              | CORP              | US        |   7354000 | PA      | $7960668.23   | 1.16%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Victra Holdings LLC / Victra Finance Corp.                                                 | VICTRA 8.75 09/15/29 144A                                                | CUSIP: 92648DAA4<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | DBT              | CORP              | US        |   7457000 | PA      | $7812587.05   | 1.14%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: —       |
| Voyager Parent LLC                                                                         | EVRI 9.25 07/01/32 144A                                                  | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |   6627000 | PA      | $6894907.54   | 1.01%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Watco Companies, L.L.C. / Watco Finance Corp.                                              | WATCOS 7.125 08/01/32 144A                                               | CUSIP: 941130AD8<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |   5137000 | PA      | $5369788.29   | 0.78%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Weekley Homes LLC/Weekley Finance Corp.                                                    | WEEKHM 4.875 09/15/28 144A                                               | CUSIP: 948565AD8<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |   5276000 | PA      | $5110232.83   | 0.75%             | 2028-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Travel Plus Leisure Co                                                                     | TNL 4.625 03/01/30 144A                                                  | CUSIP: 98310WAQ1<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   2079000 | PA      | $1993237.09   | 0.29%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Taseko Mines Limited                                                                       | TKOCN 8.25 05/01/30 144A                                                 | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   5027000 | PA      | $5262656.41   | 0.77%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Uzbekneftegaz JSC                                                                          | UNGUZB 8.75 05/07/30 144A                                                | CUSIP: 91825MAC7<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | NUSS              | UZ        |   2000000 | PA      | $2056912.36   | 0.30%             | 2030-05-07      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                                 | VMED 4.75 07/15/31 144A                                                  | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1566000 | PA      | $1448591.20   | 0.21%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                                 | VMED 7.75 04/15/32 144A                                                  | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   3133000 | PA      | $3255647.55   | 0.48%             | 2032-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Janus Henderson Cash Collateral Fund                                                       | Janus Henderson Cash Collateral Fund                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  16583658 | NS      | $16583658.00  | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                                        | Royal Bank of Canada                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   5339765 | PA      | $5339765.00   | 0.78%             | 2025-07-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-14

**Name of Applicant:** JANUS INVESTMENT FUND

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER