# EDGAR Filing Document

**Accession Number:** 0000277751
**File Stem:** 0001145549-25-057275
**Filing Date:** 2025-8
**Character Count:** 79966
**Document Hash:** 7ecbbc32080a60bc262d7572e9ed59af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057275.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057275

**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:** 251279135

**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 Absolute Return Income Opportunities Fund (Series ID: S000044287)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000137972 | Class A      | JUCAX           |
| C000137973 | Class C      | JUCCX           |
| C000137974 | Class D      | JUCDX           |
| C000137975 | Class I      | JUCIX           |
| C000137976 | Class N      | JUCNX           |
| C000137977 | Class S      | JUCSX           |
| C000137978 | Class T      | JUCTX           |
| C000151361 | Class R      | JUCRX           |

## 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 Absolute Return Income Opportunities Fund

- **b. EDGAR series identifier (if any):** S000044287

- **c. LEI of Series:** 549300OI3127F0HFWY79

**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:** $52480372.60

**Total Liabilities:** $2315505.24

**Net Assets:** $50164867.36

**Delayed Delivery Securities:** $363000.00

**Cash Not Reported:** $1189845.49

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -127.791422538417 | **1-Year:** -3865.080695460052 | **5-Year:** -4994.647679243451 | **10-Year:** -1059.340235519586 | **30-Year:** -398.022724338799

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

- **3-Month:** -21.128537716260 | **1-Year:** -753.378109393186 | **5-Year:** -650.560273746923 | **10-Year:** -121.106979546166 | **30-Year:** 0.000000000407

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000137972 | 0.20%                | 0.74%                | 0.61%                |
| Class ID C000137973 | 0.02%                | 0.69%                | 0.66%                |
| Class ID C000137974 | 0.21%                | 0.76%                | 0.74%                |
| Class ID C000137975 | 0.10%                | 0.88%                | 0.63%                |
| Class ID C000137976 | 0.11%                | 0.89%                | 0.63%                |
| Class ID C000137977 | 0.07%                | 0.84%                | 0.59%                |
| Class ID C000137978 | 0.09%                | 0.76%                | 0.73%                |
| Class ID C000151361 | 0.05%                | 0.82%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $397220.00               | $342530.00                                 |
| Month 2  | $-13358.00               | $266692.00                                 |
| Month 3  | $-11235.00               | $533076.00                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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                                                                | Buy Protection on MARKIT CDX.NA June 2030                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |  -5100000 | OU      | $-4094.59     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Buy Protection on MARKIT CDX.NA June 2030                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |  10200000 | OU      | $12440.53     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | FGBS Sep 2025                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        39 | NC      | $-6233.10     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | US T-NOTE 5YR                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -15 | NC      | $-15970.87    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | US T-NOTE 2YR                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -21 | NC      | $-9826.03     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                | ASX 3 Year Treasury Bond Futures                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -38 | NC      | $-10209.62    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CENT TRUST 2023-CITY                                               | CENT 2023-CITY A                                              | CUSIP: 12516WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300270.23    | 0.60%             | 2038-09-15      | Variable      | 6.93%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                        | COF 3.75 07/28/26                                             | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    510000 | PA      | $505005.86    | 1.01%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                                | LNG 4.625 10/15/28                                            | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    375000 | PA      | $374482.30    | 0.75%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                             | CITSEC 5.5 06/18/30                                           | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505940.48    | 1.01%             | 2030-06-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                                 | CPGX 6.055 08/15/26 144A                                      | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $126523.73    | 0.25%             | 2026-08-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                                | CAS 2021-R01 1M2                                              | CUSIP: 20754RAB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    106263 | PA      | $106526.96    | 0.21%             | 2041-10-25      | Variable      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R04                       | CAS 2025-R04 1M2                                              | CUSIP: 20755TAC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    112200 | PA      | $112313.33    | 0.22%             | 2045-05-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                              | DNKN 2021-1A A2I                                              | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    120625 | PA      | $115855.65    | 0.23%             | 2051-11-20      | Fixed         | 2.04%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Sandy (Utah)                                             | ABCLN 2024-B C                                                | CUSIP: 02007G4D2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    186014 | PA      | $186506.83    | 0.37%             | 2032-09-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Sandy (Utah)                                             | ABCLN 2024-A B                                                | CUSIP: 02007GZ55<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    153930 | PA      | $155922.55    | 0.31%             | 2032-05-17      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                              | DNKN 2021-1A A2II                                             | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |     48250 | PA      | $44585.96     | 0.09%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| Delta Air Lines Inc.                                               | DAL 4.95 07/10/28                                             | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71405.55     | 0.14%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                 | Energy Transfer LP 0% CP 01/07/2025                           | CUSIP: 29277EU10<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249968.33    | 0.50%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ESAB Corp.                                                         | ESAB 6.25 04/15/29 144A                                       | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255965.25    | 0.51%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2023-K511 MORTGAGE TRUST                                     | FREMF 2023-K511 C                                             | CUSIP: 30334FAG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125000 | PA      | $115875.14    | 0.23%             | 2028-11-25      | Variable      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                      | F 7.35 11/04/27                                               | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    500000 | PA      | $519275.96    | 1.04%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | Two-Year Government of Canada Bond Futures,Sep-2025,Composite | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        16 | NC      | $1729.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Credit Company LLC                                      | F 5.8 03/05/27                                                | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    375000 | PA      | $377958.50    | 0.75%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                      | F 5.918 03/20/28                                              | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202029.80    | 0.40%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd/ American Airlines Inc                   | AAL 5.5 04/20/26 144A                                         | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    133333 | PA      | $133027.37    | 0.27%             | 2026-04-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                               | AHTLN 1.5 08/12/26 144A                                       | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    625000 | PA      | $604668.88    | 1.21%             | 2026-08-12      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                         | ACGCAP 1.95 09/20/26 144A                                     | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193572.63    | 0.39%             | 2026-09-20      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                                | BPR 2024-PMDW D                                               | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    457000 | PA      | $443748.89    | 0.88%             | 2041-11-05      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| WINGSPIRE EQUIPMENT FINANCE                                        | WEF 2024-1A D                                                 | CUSIP: 97415AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $402896.11    | 0.80%             | 2032-09-20      | Fixed         | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Downer Group Finance Pty Ltd.                                      | DOWAU 3.7 04/29/26 MTN                                        | CUSIP: Q32591AJ0<br>LEI: 254900M70GW10DR6AH41 | Long             | DBT              | CORP              | AU        |   1100000 | PA      | $719209.61    | 1.43%             | 2026-04-29      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                     | ATWALD 6.05 01/15/28                                          | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506274.00    | 1.01%             | 2028-01-15      | Fixed         | 6.05%                 | 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        |    250000 | PA      | $252640.25    | 0.50%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2024-HQA2 M2                                            | CUSIP: 35564NEC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    255000 | PA      | $255496.18    | 0.51%             | 2044-08-25      | Variable      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2025-HQA1 M2                                            | CUSIP: 35564NHA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93136 | PA      | $92926.33     | 0.19%             | 2045-02-27      | Variable      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2025-ROIC                                                 | BX 2025-ROIC D                                                | CUSIP: 05593VAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $492241.78    | 0.98%             | 2030-03-15      | Variable      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| BAYVIEW OPPORTUNITY MASTER FUND VII 2024-CAR1 LLC                  | BVCLN 2024-CAR1 C                                             | CUSIP: 07336QAC6<br>LEI: 254900S53K9VTUR1UX42 | Long             | ABS-O            | CORP              | US        |    324386 | PA      | $325741.71    | 0.65%             | 2031-12-26      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                          | RRX 6.05 02/15/26                                             | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    950000 | PA      | $955492.13    | 1.90%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc                                               | RKT 6.125 08/01/30 144A                                       | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    242000 | PA      | $246605.26    | 0.49%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                     | BCRED 3.25 03/15/27                                           | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    290000 | PA      | $281972.00    | 0.56%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                 | BA 2.196 02/04/26                                             | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    540000 | PA      | $531571.83    | 1.06%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2025-DNA2 M2                                            | CUSIP: 35564NJA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    175912 | PA      | $176248.35    | 0.35%             | 2045-05-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Ggam Finance Ltd.                                                  | GGAMFI 8 06/15/28 144A                                        | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    260000 | PA      | $275006.94    | 0.55%             | 2028-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| The Boeing Company                                                 | BA 6.259 05/01/27                                             | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257203.84    | 0.51%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                            | BAH 3.875 09/01/28 144A                                       | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    526000 | PA      | $508310.99    | 1.01%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc.               | RKTRM 2.875 10/15/26 144A                                     | CUSIP: 77313LAA1<br>LEI: 549300FGXN1K3HLB1R50 | Long             | DBT              | CORP              | US        |    815000 | PA      | $794844.64    | 1.58%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Group                                              | RCL 5.5 08/31/26 144A                                         | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    256000 | PA      | $256905.98    | 0.51%             | 2026-08-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-AIRC                             | BX 2024-AIRC C                                                | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    509628 | PA      | $510462.63    | 1.02%             | 2039-08-15      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corporation                                                | CPN 4.5 02/15/28 144A                                         | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    267000 | PA      | $264835.60    | 0.53%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corporation                                                | CPN 5.125 03/15/28 144A                                       | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    185000 | PA      | $184792.73    | 0.37%             | 2028-03-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R04                       | CAS 2024-R04 1M2                                              | CUSIP: 20753GAC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    203137 | PA      | $204126.93    | 0.41%             | 2044-05-25      | Variable      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Ggam Finance Ltd.                                                  | GGAMFI 7.75 05/15/26 144A                                     | CUSIP: 36170JAB2<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $303074.10    | 0.60%             | 2026-05-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Gartner Inc.                                                       | IT 4.5 07/01/28 144A                                          | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    280000 | PA      | $277081.08    | 0.55%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CNH Industrial Capital Australia Pty. Limited                      | CNHI 5.4 05/17/27 MTN                                         | CUSIP: Q2575EAD4<br>LEI: 2617001JAII1WD34PJ72 | Long             | DBT              | CORP              | AU        |    800000 | PA      | $535458.23    | 1.07%             | 2027-05-17      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                              | WSTP V5.351 02/12/35 MTN                                      | CUSIP: Q97424ZF7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $334365.29    | 0.67%             | 2035-02-12      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Plenti PL & Green ABS Trust 2025-1                                 | PLENG 2025-1 D                                                | CUSIP: Q744HAAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    500000 | PA      | $328999.32    | 0.66%             | 2036-11-11      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| SK Hynix Inc.                                                      | HYUELE 5.5 01/16/27 144A                                      | CUSIP: 78392BAG2<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    235000 | PA      | $237954.66    | 0.47%             | 2027-01-16      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CNH Industrial Capital Australia Pty. Limited                      | CNHI 4.7 06/20/28 MTN                                         | CUSIP: Q2575EAG7<br>LEI: 2617001JAII1WD34PJ72 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $263104.70    | 0.52%             | 2028-06-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                     | CBAAU F 08/20/31                                              | CUSIP: Q2692UQW7<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   1500000 | PA      | $988725.19    | 1.97%             | 2031-08-20      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                              | WSTP F 04/03/34 MTN                                           | CUSIP: Q97424JL2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1200000 | PA      | $799034.06    | 1.59%             | 2034-04-03      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| Credabl ABS 2024-1 Trust                                           | CRDABL 2024-1 A                                               | CUSIP: Q0288FAA9<br>LEI: 98450080CAUBC36D6580 | Long             | ABS-O            | CORP              | AU        |    459989 | PA      | $303446.74    | 0.60%             | 2045-05-11      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R05                       | CAS 2022-R05 2M1                                              | CUSIP: 20754DAA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23294 | PA      | $23393.63     | 0.05%             | 2042-04-25      | Variable      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R06                       | CAS 2023-R06 1M1                                              | CUSIP: 20754EAA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    102562 | PA      | $103171.58    | 0.21%             | 2043-07-27      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R02                       | CAS 2024-R02 1M1                                              | CUSIP: 20754GAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30433 | PA      | $30422.21     | 0.06%             | 2044-02-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                                | CAS 2021-R02 2M2                                              | CUSIP: 20754KAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    546607 | PA      | $550361.50    | 1.10%             | 2041-11-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R01                       | CAS 2022-R01 1M1                                              | CUSIP: 20754LAA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60483 | PA      | $60482.53     | 0.12%             | 2041-12-25      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                                | CAS 2023-R04 1M1                                              | CUSIP: 20754QAA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    134406 | PA      | $137219.95    | 0.27%             | 2043-05-25      | Variable      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| Gartner Inc.                                                       | IT 3.625 06/15/29 144A                                        | CUSIP: 366651AG2<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    117000 | PA      | $111239.96    | 0.22%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| General Motors Company                                             | GM 5.35 04/15/28                                              | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    535000 | PA      | $543132.99    | 1.08%             | 2028-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                               | GM 5 07/15/27                                                 | CUSIP: 37045XFH4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57348.90     | 0.11%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                       | HESM 5.875 03/01/28 144A                                      | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    344000 | PA      | $349127.66    | 0.70%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Credabl ABS 2024-1 Trust                                           | CRDABL 2024-1 C                                               | CUSIP: Q0288FAF8<br>LEI: 98450080CAUBC36D6580 | Long             | ABS-O            | CORP              | AU        |    690000 | PA      | $455970.11    | 0.91%             | 2045-05-11      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Skymiles IP Ltd. & Delta Air Lines Inc.                            | DAL 4.75 10/20/28 144A                                        | CUSIP: 830867AB3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | N/A       |    324000 | PA      | $324668.01    | 0.65%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Financial Services N.V.                                 | VW 6.5 09/18/27 EMTN                                          | CUSIP: D2553KD54<br>LEI: 529900ZTQC8D1TW6BL41 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1416498.87   | 2.82%             | 2027-09-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                       | HESM 5.125 06/15/28 144A                                      | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    383000 | PA      | $380313.10    | 0.76%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Holcim Finance US LLC                                              | AMRZ 4.6 04/07/27 144A                                        | CUSIP: 43475RAA4<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    134000 | PA      | $134542.54    | 0.27%             | 2027-04-07      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2025-R03                       | CAS 2025-R02 1M2                                              | CUSIP: 20754TAD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59000 | PA      | $59129.06     | 0.12%             | 2045-02-27      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R03                       | CAS 2025-R03 2M2                                              | CUSIP: 20754VAC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     57000 | PA      | $57927.55     | 0.12%             | 2045-03-27      | Variable      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| Holcim Finance US LLC                                              | AMRZ 4.7 04/07/28 144A                                        | CUSIP: 43475RAB2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    112000 | PA      | $113017.42    | 0.23%             | 2028-04-07      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                           | JANEST 4.5 11/15/29 144A                                      | CUSIP: 47077WAA6<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |     58000 | PA      | $56265.35     | 0.11%             | 2029-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R05                       | CAS 2024-R05 2M2                                              | CUSIP: 20754XAC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    133361 | PA      | $133819.43    | 0.27%             | 2044-07-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2022-R08                       | CAS 2022-R08 1M1                                              | CUSIP: 20755DAA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     52973 | PA      | $54174.48     | 0.11%             | 2042-07-25      | Variable      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R01                       | CAS 2025-R01 1M2                                              | CUSIP: 20755JAC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $500217.63    | 1.00%             | 2045-01-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2025-R01                       | CAS 2025-R01 1B1                                              | CUSIP: 20755JAG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172795 | PA      | $172684.64    | 0.34%             | 2045-01-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2024-R03                       | CAS 2024-R03 2M2                                              | CUSIP: 207941AB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    804000 | PA      | $810931.64    | 1.62%             | 2044-03-25      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2022-HQA3 M1A                                           | CUSIP: 35564KE39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81986 | PA      | $83499.36     | 0.17%             | 2042-08-25      | Variable      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2022-DNA6 M1A                                           | CUSIP: 35564KH36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     37887 | PA      | $38212.06     | 0.08%             | 2042-09-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2021-DNA7 M1                                            | CUSIP: 35564KMA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9382 | PA      | $9358.51      | 0.02%             | 2041-11-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2023-DNA2 M1A                                           | CUSIP: 35564KT58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39185 | PA      | $39808.59     | 0.08%             | 2043-04-27      | Variable      | 6.41%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2023-HQA1 M1A                                           | CUSIP: 35564KX79<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76317 | PA      | $77127.79     | 0.15%             | 2043-05-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2024-HQA1 M1                                            | CUSIP: 35564NBX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     41043 | PA      | $41136.17     | 0.08%             | 2044-03-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2024-DNA3 M2                                            | CUSIP: 35564NFA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    385462 | PA      | $385995.56    | 0.77%             | 2044-10-25      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                   | HACLN 2025-1 C                                                | CUSIP: 446438SZ7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |    224185 | PA      | $224183.49    | 0.45%             | 2033-03-21      | Variable      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                   | HACLN 2024-1 B1                                               | CUSIP: 44644NAA7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |    146745 | PA      | $148371.11    | 0.30%             | 2032-05-20      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| KB Home                                                            | KBH 6.875 06/15/27                                            | CUSIP: 48666KAX7<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    123000 | PA      | $126334.90    | 0.25%             | 2027-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LGI Homes Inc                                                      | LGIH 8.75 12/15/28 144A                                       | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119546.99    | 0.24%             | 2028-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                  | LPLA 4.625 11/15/27 144A                                      | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    670000 | PA      | $668188.75    | 1.33%             | 2027-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                  | LPLA 5.7 05/20/27                                             | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254682.23    | 0.51%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                  | LPLA 4.9 04/03/28                                             | CUSIP: 50212YAN4<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45341.92     | 0.09%             | 2028-04-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LEX 2024-BBG MORTGAGE TRUST                                        | LEX 2024-BBG A                                                | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251236.29    | 0.50%             | 2033-10-13      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Liberty Utilities Co. (Delaware)                                   | AQNCN 5.577 01/31/29 144A                                     | CUSIP: 531542AA6<br>LEI: 549300UN1FEYPC5BKW09 | Long             | DBT              | CORP              | US        |    605000 | PA      | $622409.93    | 1.24%             | 2029-01-31      | Fixed         | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                                    | LYV 6.5 05/15/27 144A                                         | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    188000 | PA      | $190770.93    | 0.38%             | 2027-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MSCI Inc.                                                          | MSCI 4 11/15/29 144A                                          | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    615000 | PA      | $595126.09    | 1.19%             | 2029-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Company Inc                               | GM 1.55 09/02/25 MTN                                          | CUSIP: U37047AV6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     40000 | PA      | $26195.98     | 0.05%             | 2025-09-02      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                         | ANZ V5.545 01/15/35 MTN                                       | CUSIP: Q0R2AEPH4<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   1500000 | PA      | $1011791.34   | 2.02%             | 2035-01-15      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                                | MQGAU F 06/17/31                                              | CUSIP: Q5700DJS5<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   1700000 | PA      | $1120432.17   | 2.23%             | 2031-06-17      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Liberty Financial Proprietary Limited                              | LBRFI F 03/16/28 MTN                                          | CUSIP: Q5S40CAS5<br>LEI: 549300S75HDUIPWTQC07 | Long             | DBT              | CORP              | AU        |    800000 | PA      | $552808.34    | 1.10%             | 2028-03-16      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                                | MQGAU F 03/01/34                                              | CUSIP: Q5700D5U5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    290000 | PA      | $192254.57    | 0.38%             | 2034-03-01      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | Swap/13/07/2025/P:NZD/BBR/3M /R:NZD 5.61500                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    863400 | OU      | $416.28       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2023-HQA2 M1A                                           | CUSIP: 35564K2F5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    187957 | PA      | $189117.31    | 0.38%             | 2043-06-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2023-HQA3 M1                                            | CUSIP: 35564K3G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60389 | PA      | $60880.53     | 0.12%             | 2043-11-25      | Variable      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                | Swap/19/07/2025/P:NZD/BBR/3M /R:NZD 5.37750                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    863400 | OU      | $556.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Swap/27/07/2025/P:NZD/BBR/3M /R:NZD 5.44000                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1650000 | OU      | $1504.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                      | STACR 2024-DNA1 M1                                            | CUSIP: 35564NAX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     87006 | PA      | $87489.29     | 0.17%             | 2044-02-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                | Swap/16/08/2025/P:NZD/BBR/3M /R:NZD 5.51000                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |    820000 | OU      | $1415.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Swap/22/04/2026/P:NZD/BBR/3M /R:NZD 5.12000                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1930000 | OU      | $18177.44     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Swap/21/10/2026/P:NZD/BBR/3M /R:NZD 3.56000                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   1735000 | OU      | $5617.12      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Swap/17/02/2027/P:NZD/BBR/3M /R:NZD 3.45000                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |   2350000 | OU      | $6592.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                   | HACLN 2024-2 C                                                | CUSIP: 44644NAJ8<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |    267621 | PA      | $268459.31    | 0.54%             | 2032-10-20      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Solventum Corp.                                                    | SOLV 5.4 03/01/29                                             | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    275000 | PA      | $283185.55    | 0.56%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                           | LLOYDS F 03/06/30 MTN                                         | CUSIP: G55365HP1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    130000 | PA      | $86039.37     | 0.17%             | 2030-03-06      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Liberty Series 2024-1 Trust                                        | LBRTY 2024-1A A                                               | CUSIP: Q5S468AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |    277592 | PA      | $183074.30    | 0.36%             | 2032-05-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                                 | SUBWAY 2024-1A A2I                                            | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    268650 | PA      | $272986.68    | 0.54%             | 2054-07-30      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                                 | SUBWAY 2024-3A A2I                                            | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    227855 | PA      | $226182.37    | 0.45%             | 2054-07-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                              | BELL 2016-1A A23                                              | CUSIP: 87342RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152017 | PA      | $152008.97    | 0.30%             | 2046-05-25      | Fixed         | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                              | BELL 2018-1A A2II                                             | CUSIP: 87342RAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    507289 | PA      | $506554.60    | 1.01%             | 2048-11-25      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                              | BELL 2021-1A A2II                                             | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67792 | PA      | $61699.23     | 0.12%             | 2051-08-25      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                    | TMHC 5.75 01/15/28 144A                                       | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    126000 | PA      | $127890.50    | 0.25%             | 2028-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Trinity Industries, Inc.                                           | TRN 7.75 07/15/28 144A                                        | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |    477000 | PA      | $496812.67    | 0.99%             | 2028-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                    | UHS 1.65 09/01/26                                             | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    825000 | PA      | $796500.30    | 1.59%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                | VICI 4.5 09/01/26 144A                                        | CUSIP: 92564RAH8<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149587.02    | 0.30%             | 2026-09-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                                                 | VICI 4.75 04/01/28                                            | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352862.87    | 0.70%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Vicinity Centres Re Ltd                                            | VCXAU 4 04/26/27 MTN                                          | CUSIP: Q9395GAE0<br>LEI: 549300S7GOEVR0EGFN47 | Long             | DBT              | CORP              | AU        |   2020000 | PA      | $1327256.54   | 2.65%             | 2027-04-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                       | OCINCC 6.5 10/23/27 MTN                                       | CUSIP: U0942DAC3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    728000 | PA      | $487607.10    | 0.97%             | 2027-10-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Suncorp Group Ltd.                                                 | SUNAU F 06/01/37 MTN                                          | CUSIP: Q88040AS1<br>LEI: 549300BVOKRTHDIWVT46 | Long             | DBT              | CORP              | AU        |    850000 | PA      | $565574.17    | 1.13%             | 2037-06-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Suncorp Group Ltd.                                                 | SUNAU F 12/01/38 MTN                                          | CUSIP: Q88040AT9<br>LEI: 549300BVOKRTHDIWVT46 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $336526.82    | 0.67%             | 2038-12-01      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Avanti Finance Ltd.                                                | AVAFIN F 09/14/28 MTN                                         | CUSIP: Q12030AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | NZ        |    400000 | PA      | $265402.43    | 0.53%             | 2028-09-14      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Teachers Mutual Bank Ltd.                                          | TEACHM F 06/21/27 MTN                                         | CUSIP: Q8T663UT3<br>LEI: 549300II25ZWSHX8W615 | Long             | DBT              | CORP              | AU        |    370000 | PA      | $245331.70    | 0.49%             | 2027-06-21      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| UBS AG New York Branch                                             | UBS 7.5 07/15/25                                              | CUSIP: 870836AC7<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $250231.29    | 0.50%             | 2025-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                   | TEVA 3.15 10/01/26                                            | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    275000 | PA      | $269658.46    | 0.54%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                   | TEVA 6.75 03/01/28                                            | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    490000 | PA      | $508866.47    | 1.01%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UK Logistics 2024-1 Designated Activity Co.                        | UKLOG 2024-1A B                                               | CUSIP: BCC3FL0F8<br>LEI: 635400H22JMICKOJRJ36 | Long             | ABS-O            | CORP              | GB        |    330000 | PA      | $453779.89    | 0.90%             | 2034-05-17      | Floating      | 7.02%                 | Yes           |                  2 | On Loan: No      |
| Judo Bank Pty Ltd.                                                 | JUDOCA F 10/23/34 MTN                                         | CUSIP: Q5135RGX1<br>LEI: 984500684463DE39F645 | Long             | DBT              | CORP              | AU        |    240000 | PA      | $160350.06    | 0.32%             | 2034-10-23      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| Metro Finance 2024-1 Trust                                         | METR 2024-1 A                                                 | CUSIP: Q744G8AA8<br>LEI: 98450081EAB75B8D9515 | Long             | ABS-O            | CORP              | AU        |    374778 | PA      | $247435.76    | 0.49%             | 2030-09-17      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Ggam Finance Ltd.                                                  | GGAMFI 5.875 03/15/30 144A                                    | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     16000 | PA      | $16113.60     | 0.03%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                  | MCAIRH 8.125 03/30/29 144A                                    | CUSIP: 55609NAB4<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    260000 | PA      | $271954.80    | 0.54%             | 2029-03-30      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                  | MCAIRH 5.15 03/17/30 144A                                     | CUSIP: 55609NAE8<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    260000 | PA      | $259825.28    | 0.52%             | 2030-03-17      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                  | MCAIRH 5.2 03/27/28 144A                                      | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $252785.75    | 0.50%             | 2028-03-27      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Marex Group Plc                                                    | MARGRO 5.829 05/08/28                                         | CUSIP: 566539AB8<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |    464000 | PA      | $470011.51    | 0.94%             | 2028-05-08      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                               | GM 5.15 08/15/26 EMTN                                         | CUSIP: U37047AY0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    110000 | PA      | $151222.47    | 0.30%             | 2026-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc.                                          | ALSN 4.75 10/01/27 144A                                       | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    187000 | PA      | $185273.06    | 0.37%             | 2027-10-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Msd Investment Corp                                                | MSINTM 6.25 05/31/30 144A                                     | CUSIP: 55354LAA7<br>LEI: 549300K4HV7AOWFSAO65 | Long             | DBT              | CORP              | US        |    401000 | PA      | $396644.05    | 0.79%             | 2030-05-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                   | NRG 2.45 12/02/27 144A                                        | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    553000 | PA      | $524858.41    | 1.05%             | 2027-12-02      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corporation                                                | HNDLIN 3.25 11/15/26 144A                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    431000 | PA      | $424093.40    | 0.85%             | 2026-11-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| NRTH 2024-PARK MORTGAGE TRUST                                      | NRTH 2024-PARK A                                              | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $600381.73    | 1.20%             | 2041-03-15      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                         | OXY 3.4 04/15/26                                              | CUSIP: 674599CH6<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271226.23    | 0.54%             | 2026-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                      | OMF 3.5 01/15/27                                              | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    321000 | PA      | $314261.77    | 0.63%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                      | OMF 7.125 03/15/26                                            | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    195000 | PA      | $197886.00    | 0.39%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                       | NAB F 11/18/31 mTN                                            | CUSIP: Q6530XNZ4<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   2300000 | PA      | $1530392.30   | 3.05%             | 2031-11-18      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Perpetual Corporate Trust Ltd. As Trustee For The Now Trust 2024-1 | NOW 2024-1 A                                                  | CUSIP: Q744FVAA8<br>LEI: 984500FIA838FE059486 | Long             | ABS-O            | CORP              | AU        |    245234 | PA      | $161969.26    | 0.32%             | 2032-06-14      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Newcastle Greater Mutual Group Ltd.                                | NEWCAP F 01/21/30 MTN                                         | CUSIP: Q66348AA3<br>LEI: 261700JSQJSBGJLHAK44 | Long             | DBT              | CORP              | AU        |    240000 | PA      | $157479.08    | 0.31%             | 2030-01-21      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Perpetual Corporate Trust Ltd. ATF Now Trust 2025-1                | NOW 2025-1 A                                                  | CUSIP: Q744H5AA3<br>LEI: 984500B0D6BFDDCCDB63 | Long             | ABS-O            | CORP              | AU        |    454002 | PA      | $298747.52    | 0.60%             | 2034-02-14      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust          | AER 6.5 07/15/25                                              | CUSIP: 00774MAN5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    275000 | PA      | $275175.47    | 0.55%             | 2025-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                            | AQNCN 5.365 06/15/26                                          | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    165000 | PA      | $165878.54    | 0.33%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Permanent TSB Group Holdings PLC                                   | PTSB V6.625 06/30/29                                          | CUSIP: G7015DAH5<br>LEI: 635400DTNHVYGZODKQ93 | Long             | DBT              | CORP              | IE        |    230000 | PA      | $297924.01    | 0.59%             | 2029-07-02      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                               | GLENLN 4.907 04/01/28 144A                                    | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    153000 | PA      | $154557.77    | 0.31%             | 2028-04-01      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PMTS INC                                                    | GLOBAL PMTS INC 0% CP 01/07/2025                              | CUSIP: 37961CU18<br>LEI: 549300NOMHGVQBX6S778 | Long             | STIV             | CORP              | US        |   1350000 | PA      | $1349816.27   | 2.69%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                       | HESM 6.5 06/01/29 144A                                        | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     89000 | PA      | $91528.40     | 0.18%             | 2029-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Heritage and People's Choice Ltd.                                  | ACDAU F 09/16/31 MTN                                          | CUSIP: Q0R889NY0<br>LEI: 549300L09D57A4VEVO78 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $130620.62    | 0.26%             | 2031-09-16      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell NZD / Buy USD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-7436.23     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell EUR / Buy USD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-22197.29    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell GBP / Buy USD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-143422.18   | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell AUD / Buy USD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1337385.82  | -2.67%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell USD / Buy AUD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $1376.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell USD / Buy AUD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $3148.33      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell USD / Buy AUD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $13129.21     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell AUD / Buy USD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-6557.93     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell AUD / Buy USD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-2950.55     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                                | Sell USD / Buy AUD                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $6410.14      | 0.01%             |  |  |  | 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