| 1 |
FNCL 5.5 4/26 |
— |
1,434,000,000 |
$1.44B |
96.59% |
| 2 |
Uniform Mortgage-Backed Security, TBA |
FNMA |
407,000,000 |
$400.70M |
26.88% |
| 3 |
BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2026 |
— |
138,383,017 |
$159.48M |
10.70% |
| 4 |
US ULTRA BOND CBT Sep25 |
— |
2,876 |
$57.41M |
3.85% |
| 5 |
BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2026 |
— |
30,000,000 |
$37.55M |
2.52% |
| 6 |
BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2026 |
— |
39,149,194 |
$34.21M |
2.29% |
| 7 |
US ULTRA BOND CBT Sep25 |
— |
30,050,857 |
$30.05M |
2.02% |
| 8 |
US ULTRA BOND CBT Sep25 |
— |
26,038,876 |
$26.04M |
1.75% |
| 9 |
5-Year T-Note Futures, Jun-2026,ETH |
— |
211 |
$22.83M |
1.53% |
| 10 |
SHS BEN INT |
IBIT |
534,150 |
$20.52M |
1.38% |
| 11 |
U.S. Treasury Bills |
912797SX |
18,540,000 |
$18.42M |
1.24% |
| 12 |
U.S. Treasury Bills |
— |
16,540,000 |
$16.48M |
1.11% |
| 13 |
NEUBERGER BERMAN LOAN ADVISERS CLO 29 LTD NEUB 2018-29A A2R |
— |
11,700,000 |
$11.66M |
0.78% |
| 14 |
ELMWOOD CLO II LTD ELMW2 2019-2A A2RR |
— |
11,000,000 |
$10.97M |
0.74% |
| 15 |
WOODS 2018-12BA BR CLO 144A FRN 06-15-31 |
— |
10,500,000 |
$10.50M |
0.70% |
| 16 |
SWITCH Data Centers - SWCH 2025-DATA E |
SWCH |
10,490,000 |
$10.30M |
0.69% |
| 17 |
USD-SOFR 4.40 01/16/2035 EXPIRATION: 01/16/2035 |
— |
300,000,000 |
$10.24M |
0.69% |
| 18 |
WFCM 2025-DWHP A |
WFCM |
10,000,000 |
$10.05M |
0.67% |
| 19 |
BSPRT Issuer LLC, Series 2024-FL11, Class A |
BSPRT |
10,000,000 |
$10.02M |
0.67% |
| 20 |
KENNEDY LEWIS CLO 6 LTD KLLM 6A AR2 |
— |
10,000,000 |
$10.00M |
0.67% |
| 21 |
STAR 2024-SFR4 TRUST STAR 2024-SFR4 A |
— |
9,977,929 |
$9.98M |
0.67% |
| 22 |
U.S. Treasury Bills |
B |
8,500,000 |
$8.43M |
0.57% |
| 23 |
FIP MASTER FUNDING LLC FI 2024-1A A1 |
— |
7,968,519 |
$7.90M |
0.53% |
| 24 |
Renew, Series 2024-2A, Class A |
— |
7,867,134 |
$7.52M |
0.50% |
| 25 |
QTS Data Centers - BX 2025-VLT7 E |
BX |
7,500,000 |
$7.43M |
0.50% |
| 26 |
PG&E Corporation, Convertible |
PCG |
7,160,000 |
$7.41M |
0.50% |
| 27 |
JD.COM INC SR UNSECURED 06/29 0.25 |
JD |
7,260,000 |
$7.22M |
0.48% |
| 28 |
RADNOR RE 2022-1 LTD RMIR 2022-1 M2 |
— |
6,500,000 |
$7.21M |
0.48% |
| 29 |
Carvana Co |
— |
6,845,000 |
$7.12M |
0.48% |
| 30 |
KSL Commercial Mortgage Trust, Series 2024-HT2, Class A |
KSL |
7,129,677 |
$7.12M |
0.48% |
| 31 |
ACHM TRUST 2024-HE2 ACHM 2024-HE2 A |
— |
7,025,995 |
$7.04M |
0.47% |
| 32 |
ADMT 2026-NQM1 A1 |
ADMT |
6,913,242 |
$6.85M |
0.46% |
| 33 |
MICROCHIP TECHNOLOGY INC SER A 7.5% PC 03/15/2028 |
MCHPP 7 1/2 |
118,906 |
$6.77M |
0.45% |
| 34 |
CMS ENERGY CORP SR UNSECURED 144A 05/31 3.125 |
CMS |
6,496,000 |
$6.66M |
0.45% |
| 35 |
Maxim Crane Works Holdings Capital LLC |
— |
6,373,000 |
$6.64M |
0.45% |
| 36 |
FLEXENTIAL ISSUER LLC SER 2025-1A CL A2 REGD 144A P/P 6.03000000 |
FLX |
6,500,000 |
$6.46M |
0.43% |
| 37 |
HERA FINANCING 2024-1 DAC HRFIN 2024-1A A |
— |
4,821,701 |
$6.41M |
0.43% |
| 38 |
VINE 2023-SFR1 TRUST VINEB 2023-SFR1 A |
— |
6,483,414 |
$6.39M |
0.43% |
| 39 |
GME 0 04/01/30 |
GME |
6,134,000 |
$6.31M |
0.42% |
| 40 |
RADNOR RE 2021-2 LTD RMIR 2021-2 M2 |
— |
6,000,000 |
$6.22M |
0.42% |
| 41 |
TRIP.COM GROUP LTD SR UNSECURED 06/29 0.75 |
TCOM |
5,884,000 |
$6.09M |
0.41% |
| 42 |
QTS Data Centers - BX 2025-VLT7 D |
— |
6,000,000 |
$5.96M |
0.40% |
| 43 |
AQUA FINANCE TRUST 2024-A SER 2024-A CL A REGD 144A P/P 4.81000000 |
— |
5,815,731 |
$5.83M |
0.39% |
| 44 |
HPE 7 5/8 |
HPEPC |
89,990 |
$5.81M |
0.39% |
| 45 |
ROCSOF 9 11/28/28 144A |
ROCSOF |
5,750,000 |
$5.74M |
0.39% |
| 46 |
Coinbase Global, Inc., Convertible |
COIN |
6,529,000 |
$5.72M |
0.38% |
| 47 |
CONSOLIDATED COMMUNICATIONS LLC / FIDIUM FIBER FIN HOLDCO LLC 9.408% 05/20/2055 144A |
— |
5,000,000 |
$5.20M |
0.35% |
| 48 |
CARVANA AUTO RECEIVABLES TRUST 2025-N1 CRVNA 2025-N1 E |
— |
5,058,000 |
$5.10M |
0.34% |
| 49 |
FS AI Factor Short TRS |
— |
91,672,599 |
$5.07M |
0.34% |
| 50 |
US TREASURY N/B |
— |
5,000,000 |
$5.05M |
0.34% |