0001752724-23-169630.txt : 20230801 0001752724-23-169630.hdr.sgml : 20230801 20230801121323 ACCESSION NUMBER: 0001752724-23-169630 CONFORMED SUBMISSION TYPE: NPORT-P/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230801 DATE AS OF CHANGE: 20230801 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Janus Detroit Street Trust CENTRAL INDEX KEY: 0001500604 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-23112 FILM NUMBER: 231130494 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 ETF Trust DATE OF NAME CHANGE: 20100902 0001500604 S000069705 Janus Henderson AAA CLO ETF C000222294 Janus Henderson AAA CLO ETF JAAA NPORT-P/A 1 primary_doc.xml NPORT-P/A false 0001752724-23-067666 0001500604 XXXXXXXX S000069705 C000222294 Janus Detroit Street Trust 811-23112 0001500604 5493003MM7OCK5UJW595 151 Detroit Street Denver 80206 303-333-3863 Janus Henderson AAA CLO ETF S000069705 549300N7UZ9PO4OVKA94 2023-10-31 2023-01-31 N 2096185037.48 49905388.20 2046279649.28 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2852302.20000000 USD N J.P. Morgan CLO AAA Index 100% IXJAAA10BM CIFC Funding Ltd. 635400OB7ZCBUWDQNV87 CIFC Funding Ltd., Series 2018-3A, Class A 12551YAA1 26500000.00000000 PA USD 26291842.50000000 1.284860674309 Long ABS-CBDO CORP US Y 2 2031-07-18 Floating 5.89470840 N N N N N N Palmer Square CLO Ltd. 549300IUW4WDDDVSMS20 Palmer Square CLO Ltd., Series 2020-3A, Class A1AR 69701RAL1 10000000.00000000 PA USD 9915350.00000000 0.484554982672 Long ABS-CBDO CORP US Y 2 2031-11-15 Floating 5.68613880 N N N N N N CIFC Funding Ltd. N/A CIFC Funding Ltd., Series 2019-6A, Class C 12555XAG6 1500000.00000000 PA USD 1485748.50000000 0.072607304701 Long ABS-CBDO CORP US Y 2 2033-01-16 Floating 7.49243160 N N N N N N Dryden 41 Senior Loan Fund 5493000CMI5L15ZSNM78 Dryden 41 Senior Loan Fund, Series 2015-41A, Class AR 26244KAN6 52305000.00000000 PA USD 51706683.11000000 2.526862989044 Long ABS-CBDO CORP US Y 2 2031-04-15 Floating 5.79971160 N N N N N N CARLYLE US CLO Ltd. N/A CARLYLE US CLO Ltd., Series 2019-1A, Class A1AR 14316BAL9 20100000.00000000 PA USD 19835745.30000000 0.969356524997 Long ABS-CBDO CORP US Y 2 2031-04-20 Floating 5.88771000 N N N N N N Octagon Investment Partners 34 Ltd. N/A Octagon Investment Partners 34 Ltd., Series 2017-1A, Class A2 675922AC2 2000000.00000000 PA USD 1956024.00000000 0.095589280804 Long ABS-CBDO CORP US Y 2 2030-01-20 Floating 6.05770920 N N N N N N Octagon Investment Partners 49 Ltd. N/A Octagon Investment Partners 49 Ltd., Series 2020-5A, Class A1 67578FAA5 35000000.00000000 PA USD 34747300.00000000 1.698071913691 Long ABS-CBDO CORP US Y 2 2033-01-15 Floating 6.01242840 N N N N N N AB BSL CLO 2 Ltd. N/A AB BSL CLO 2 Ltd., Series 2021-2A, Class A 00037LAA8 20755000.00000000 PA USD 20397370.60000000 0.996802690540 Long ABS-CBDO CORP US Y 2 2034-04-15 Floating 5.89242960 N N N N N N Shackleton CLO Ltd. N/A Shackleton CLO Ltd., Series 2017-11A, Class AR 81883EAE1 54500000.00000000 PA USD 53977072.50000000 2.637815047371 Long ABS-CBDO CORP US Y 2 2030-08-15 Floating 5.69613960 N N N N N N Magnetite XV Ltd. 549300B3V0K3DX0M2K31 Magnetite XV Ltd., Series 2015-15A, Class CR 55953MAU6 2700000.00000000 PA USD 2606320.80000000 0.127368749472 Long ABS-CBDO CORP US Y 2 2031-07-25 Floating 6.61771080 N N N N N N Northwoods Capital XII-B Ltd. 549300R06FSYRU75ZW78 Northwoods Capital XII-B Ltd., Series 2018-12BA, Class A2 66858CAL1 25890000.00000000 PA USD 25636148.55000000 1.252817451369 Long ABS-CBDO CORP US Y 2 2031-06-15 Floating 6.36900120 N N N N N N Magnetite XXVI Ltd. 549300F7COUCG1RROP29 Magnetite XXVI Ltd., Series 2020-26A, Class A1R 55954YAJ4 6000000.00000000 PA USD 5927238.00000000 0.289659236071 Long ABS-CBDO CORP US Y 2 2034-07-25 Floating 5.93771040 N N N N N N AMMC CLO XII Ltd. 549300YZO1X7UK2OVY35 AMMC CLO XII Ltd., Series 2013-12A, Class AR2 00176CAW1 37500000.00000000 PA USD 37125750.00000000 1.814304804969 Long ABS-CBDO CORP US Y 2 2030-11-10 Floating 5.54199840 N N N N N N Sound Point CLO XIX Ltd. 5493001QI7ZD0IPL4A34 Sound Point CLO XIX Ltd., Series 2018-1A, Class A 83610JAA4 19431000.00000000 PA USD 19058779.76000000 0.931386859401 Long ABS-CBDO CORP US Y 2 2031-04-15 Floating 5.79242880 N N N N N N Hayfin US XIV Ltd. 5493000YWK38UXBNS724 Hayfin US XIV Ltd., Series 2021-14A, Class A1 42088AAA2 16800000.00000000 PA USD 16583767.20000000 0.810435035398 Long ABS-CBDO CORP US Y 2 2034-07-20 Floating 6.03771120 N N N N N N Octagon Investment Partners XV Ltd. 549300VYCI9AZ4NZBX86 Octagon Investment Partners XV Ltd., Series 2013-1A, Class A1RR 67590EBG8 23237788.41000000 PA USD 23074937.99000000 1.127653202147 Long ABS-CBDO CORP US Y 2 2030-07-19 Floating 5.76757080 N N N N N N Battalion CLO VIII Ltd. 549300WH2OE0BGHQQP83 Battalion CLO VIII Ltd., Series 2015-8A, Class A1R2 07132ACC5 14697439.02000000 PA USD 14544938.39000000 0.710799151773 Long ABS-CBDO CORP US Y 2 2030-07-18 Floating 5.86470960 N N N N N N Magnetite Xxix Ltd. 549300XSCWZTP19VRZ67 Magnetite Xxix Ltd., Series 2021-29A, Class A 55955KAA2 18306000.00000000 PA USD 18098959.14000000 0.884481216747 Long ABS-CBDO CORP US Y 2 2034-01-15 Floating 5.78243160 N N N N N N Galaxy XX CLO Ltd. 549300S1CAKZT00VQL17 Galaxy XX CLO Ltd., Series 2015-20A, Class AR 36320MAL2 4000000.00000000 PA USD 3957956.00000000 0.193422047733 Long ABS-CBDO CORP US Y 2 2031-04-20 Floating 5.80771080 N N N N N N Apidos CLO XXIX 549300AVJUID3QNR9M59 Apidos CLO XXIX, Series 2018-29A, Class A1B 03767MAE8 2000000.00000000 PA USD 1960256.00000000 0.095796095156 Long ABS-CBDO CORP US Y 2 2030-07-25 Floating 6.11771040 N N N N N N CBAM Ltd. N/A CBAM Ltd., Series 2019-11RA, Class A2 12510TAB0 13889000.00000000 PA USD 13409871.17000000 0.655329352208 Long ABS-CBDO CORP US Y 2 2035-01-20 Floating 6.30771120 N N N N N N OHA Credit Funding 3 Ltd. N/A OHA Credit Funding 3 Ltd., Series 2019-3A, Class AR 67112RAS3 60000000.00000000 PA USD 59315700.00000000 2.898709373416 Long ABS-CBDO CORP US Y 2 2035-07-02 Floating 5.94771120 N N N N N N Octagon Investment Partners 29 Ltd. 5493003U22XL00FIHD56 Octagon Investment Partners 29 Ltd., Series 2016-1A, Class AR 67591JAL6 27775000.00000000 PA USD 27441227.83000000 1.341030188110 Long ABS-CBDO CORP US Y 2 2033-01-24 Floating 5.99556960 N N N N N N Neuberger Berman Loan Advisers CLO 33 Ltd. 549300RVE5T2OYI2H743 Neuberger Berman Loan Advisers CLO 33 Ltd., Series 2019-33A, Class AR 64132TAJ2 23000000.00000000 PA USD 22754383.00000000 1.111987943974 Long ABS-CBDO CORP US Y 2 2033-10-16 Floating 5.87243160 N N N N N N Dryden 85 CLO Ltd. 549300XS2BVK8BZTXN05 Dryden 85 CLO Ltd., Series 2020-85A, Class AR 26246BAL8 30000000.00000000 PA USD 29536980.00000000 1.443447869424 Long ABS-CBDO CORP US Y 2 2035-10-15 Floating 5.94243000 N N N N N N Anchorage Capital CLO Ltd. 549300MP4QPQUMB6AD63 Anchorage Capital CLO Ltd., Series 2014-4RA, Class A 03328LAA0 15484424.77000000 PA USD 15379099.71000000 0.751563928000 Long ABS-CBDO CORP US Y 2 2031-01-28 Floating 5.85243000 N N N N N N Madison Park Funding XXX Ltd. 549300FFTJ3WPTJK8589 Madison Park Funding XXX Ltd., Series 2018-30A, Class A 55821TAA5 26458748.10000000 PA USD 26203844.52000000 1.280560285551 Long ABS-CBDO CORP US Y 2 2029-04-15 Floating 5.54243040 N N N N N N Tikehau US CLO I Ltd. N/A Tikehau US CLO I Ltd., Series 2021-1A, Class A2 88675SAC1 8000000.00000000 PA USD 7721152.00000000 0.377326334781 Long ABS-CBDO CORP US Y 2 2035-01-18 Floating 6.24471120 N N N N N N Signal Peak CLO 5 Ltd. N/A Signal Peak CLO 5 Ltd., Series 2018-5A, Class A 56844YAA5 15750000.00000000 PA USD 15644081.25000000 0.764513357473 Long ABS-CBDO CORP US Y 2 2031-04-25 Floating 5.92770960 N N N N N N Magnetite XIV-R Ltd. 549300XD71H6EU9N2I97 Magnetite XIV-R Ltd., Series 2015-14RA, Class A1 55954LAC7 17250000.00000000 PA USD 17102081.25000000 0.835764615848 Long ABS-CBDO CORP US Y 2 2031-10-18 Floating 5.91471000 N N N N N N Voya CLO Ltd. N/A Voya CLO Ltd., Series 2018-1A, Class A1 92917AAA4 9066000.00000000 PA USD 8958141.80000000 0.437777006830 Long ABS-CBDO CORP US Y 2 2031-04-19 Floating 5.74756920 N N N N N N Steele Creek CLO Ltd. N/A Steele Creek CLO Ltd., Series 2017-1A, Class A 85816VAA4 9962979.00000000 PA USD 9835163.94000000 0.480636356006 Long ABS-CBDO CORP US Y 2 2030-10-15 Floating 6.04243080 N N N N N N BlueMountain CLO XXXII Ltd. N/A BlueMountain CLO XXXII Ltd., Series 2021-32A, Class A 09631EAA5 11800000.00000000 PA USD 11605441.60000000 0.567148366259 Long ABS-CBDO CORP US Y 2 2034-10-15 Floating 5.96243160 N N N N N N Palmer Square CLO Ltd. N/A Palmer Square CLO Ltd., Series 2021-4A, Class A 69702EAA3 25000000.00000000 PA USD 24686725.00000000 1.206419904957 Long ABS-CBDO CORP US Y 2 2034-10-15 Floating 5.96243160 N N N N N N KKR CLO 23 Ltd. 549300ULSPVDFXMNXZ65 KKR CLO 23 Ltd., Series 23, Class A1 48252YAA7 1000000.00000000 PA USD 991273.00000000 0.048442694543 Long ABS-CBDO CORP US Y 2 2031-10-20 Floating 5.95770840 N N N N N N Wind River CLO Ltd. 549300AMLFWC1VCUN251 Wind River CLO Ltd., Series 2014-1A, Class ARR 88432CBB1 10954917.60000000 PA USD 10732576.59000000 0.524492172600 Long ABS-CBDO CORP US Y 2 2031-07-18 Floating 5.84471160 N N N N N N Sounds Point CLO IV-R Ltd. 549300HOEGQTNS4MTZ12 Sounds Point CLO IV-R Ltd., Series 2013-3RA, Class A 83609YAC0 5000000.00000000 PA USD 4906945.00000000 0.239798358045 Long ABS-CBDO CORP US Y 2 2031-04-18 Floating 5.94470880 N N N N N N OHA Credit Funding 8 Ltd. N/A OHA Credit Funding 8 Ltd., Series 2021-8A, Class A 67707GAC3 13000000.00000000 PA USD 12888356.00000000 0.629843335662 Long ABS-CBDO CORP US Y 2 2034-01-18 Floating 5.98470840 N N N N N N Generate CLO 2 Ltd. N/A Generate CLO 2 Ltd., Series 2A, Class AR 98625TAJ4 2000000.00000000 PA USD 1983760.00000000 0.096944716265 Long ABS-CBDO CORP US Y 2 2031-01-22 Floating 5.96529000 N N N N N N Jay Park CLO Ltd. N/A Jay Park CLO Ltd., Series 2016-1A, Class A2R 47206VAL8 22000000.00000000 PA USD 21757252.00000000 1.063258973799 Long ABS-CBDO CORP US Y 2 2027-10-20 Floating 6.25771080 N N N N N N CIFC Funding Ltd. 549300X1SKS4LNS5LQ62 CIFC Funding Ltd., Series 2017-1A, Class AR 12551AAL9 8365497.37000000 PA USD 8311514.82000000 0.406176879241 Long ABS-CBDO CORP US Y 2 2029-04-23 Floating 5.82528960 N N N N N N Octagon Investment Partners XVII Ltd. 54930007Y57X4ONHQV20 Octagon Investment Partners XVII Ltd., Series 2013-1A, Class A1R2 67590GBG3 5900000.00000000 PA USD 5851183.40000000 0.285942510451 Long ABS-CBDO CORP US Y 2 2031-01-25 Floating 5.81771160 N N N N N N Madison Park Funding XX Ltd. N/A Madison Park Funding XX Ltd., Series 2016-20A, Class A2R 55819TAQ4 4750000.00000000 PA USD 4659564.75000000 0.227709089109 Long ABS-CBDO CORP US Y 2 2030-07-27 Floating 6.11457120 N N N N N N Carlyle US CLO Ltd. 54930054F35TGSKQ6V76 Carlyle US CLO Ltd., Series 2016-4A, Class BR 143109AQ9 1000000.00000000 PA USD 964806.00000000 0.047149274066 Long ABS-CBDO CORP US Y 2 2027-10-20 Floating 6.90770880 N N N N N N Allegro CLO VIII Ltd. 635400EGZEWLZ9KRXG08 Allegro CLO VIII Ltd., Series 2018-2A, Class A 01750LAA1 16317000.00000000 PA USD 16111487.39000000 0.787355110317 Long ABS-CBDO CORP US Y 2 2031-07-15 Floating 5.89242960 N N N N N N Octagon Investment Partners 35 Ltd. 549300EBYXJ9QVMC7X31 Octagon Investment Partners 35 Ltd., Series 2018-1A, Class A1A 67591TAA8 19863000.00000000 PA USD 19746920.63000000 0.965015736580 Long ABS-CBDO CORP US Y 2 2031-01-20 Floating 5.86770840 N N N N N N Madison Park Funding XXVI Ltd. 549300FNRP3W5DX0O430 Madison Park Funding XXVI Ltd., Series 2017-26A, Class AR 55819YAA8 24615357.05000000 PA USD 24492551.03000000 1.196930783073 Long ABS-CBDO CORP US Y 2 2030-07-29 Floating 6.00243120 N N N N N N JMP Credit Advisors CLO IV Ltd. 54930013XSXE4PJVBQ28 JMP Credit Advisors CLO IV Ltd., Series 2017-1A, Class AR 46647YAL1 11555513.91000000 PA USD 11482575.51000000 0.561144001702 Long ABS-CBDO CORP US Y 2 2029-07-17 Floating 6.07242960 N N N N N N Steele Creek CLO Ltd. 549300ZMV389HVGL0K94 Steele Creek CLO Ltd., Series 2014-1RA, Class A 85816WAC8 10216547.06000000 PA USD 10097636.67000000 0.493463182002 Long ABS-CBDO CORP US Y 2 2031-04-21 Floating 5.88529080 N N N N N N Deer Creek CLO Ltd. N/A Deer Creek CLO Ltd., Series 2017-1A, Class A 24380LAC7 2807692.29000000 PA USD 2785079.14000000 0.136104522223 Long ABS-CBDO CORP US Y 2 2030-10-20 Floating 5.98771080 N N N N N N Apex Credit CLO Ltd. 549300PKXRJW5V5VW357 Apex Credit CLO Ltd., Series 2021-1A, Class AN 03754CAA3 1476000.00000000 PA USD 1443631.32000000 0.070549072826 Long ABS-CBDO CORP US Y 2 2034-07-18 Floating 6.00471000 N N N N N N Logan CLO II Ltd. N/A Logan CLO II Ltd., Series 2021-2A, Class A 540544AA1 24196521.00000000 PA USD 23888547.68000000 1.167413637153 Long ABS-CBDO CORP US Y 2 2035-01-20 Floating 5.95770840 N N N N N N CBAM Ltd. 254900IPFC9SXD6VQ444 CBAM Ltd., Series 2019-10A, Class A1R 12482NAN1 29000000.00000000 PA USD 28629061.00000000 1.399078616164 Long ABS-CBDO CORP US Y 2 2032-04-20 Floating 5.92770960 N N N N N N Octagon Investment Partners 48 Ltd. N/A Octagon Investment Partners 48 Ltd., Series 2020-3A, Class AR 67577UAJ4 25268000.00000000 PA USD 24945681.39000000 1.219074890315 Long ABS-CBDO CORP US Y 2 2034-10-20 Floating 5.95770840 N N N N N N CBAM Ltd. N/A CBAM Ltd., Series 2019-11RA, Class A1 12510TAA2 16897000.00000000 PA USD 16631683.31000000 0.812776656203 Long ABS-CBDO CORP US Y 2 2035-01-20 Floating 5.98771080 N N N N N N Rad CLO 10 Ltd. N/A Rad CLO 10 Ltd., Series 2021-10A, Class A 48662LAA9 5000000.00000000 PA USD 4950560.00000000 0.241929787150 Long ABS-CBDO CORP US Y 2 2034-04-23 Floating 5.98529160 N N N N N N Palmer Square Loan Funding Ltd. N/A Palmer Square Loan Funding Ltd., Series 2022-4A, Class B 69702YAE1 9750000.00000000 PA USD 9750000.00000000 0.476474464447 Long ABS-CBDO CORP US Y 2 2031-07-24 Floating 0.00000000 N N N N N N Steele Creek CLO Ltd. N/A Steele Creek CLO Ltd., Series 2018-2A, Class A 85816LAA6 13000000.00000000 PA USD 12799839.00000000 0.625517582824 Long ABS-CBDO CORP US Y 2 2031-08-18 Floating 5.87428920 N N N N N N Shackleton CLO Ltd. 549300HOHPZON6E4VH77 Shackleton CLO Ltd., Series 2019-14A, Class A1R 81880XAL6 3825000.00000000 PA USD 3759512.18000000 0.183724261799 Long ABS-CBDO CORP US Y 2 2034-07-20 Floating 6.00770880 N N N N N N Janus Henderson Cash Liquidity Fund LLC N/A Janus Henderson Cash Liquidity Fund LLC N/A 53367168.85000000 NS USD 53377842.28000000 2.608531160380 Long STIV RF US N 2 N N N Highbridge Loan Management Ltd. 254900IU43NDZ7HEB142 Highbridge Loan Management Ltd., Series 7A-2015, Class A2R 40437RAC3 3000000.00000000 PA USD 2976303.00000000 0.145449474662 Long ABS-CBDO CORP US Y 2 2027-03-15 Floating 5.50613880 N N N N N N BlueMountain Fuji US CLO II Ltd. N/A BlueMountain Fuji US CLO II Ltd., Series 2017-2A, Class A1AR 09629EAL5 15000000.00000000 PA USD 14874855.00000000 0.726921904600 Long ABS-CBDO CORP US Y 2 2030-10-20 Floating 5.80771080 N N N N N N Voya CLO Ltd. 549300ITL5IR423IJ183 Voya CLO Ltd., Series 2014-1A, Class AAR2 92915PAH8 19278783.56000000 PA USD 19087904.32000000 0.932810152645 Long ABS-CBDO CORP US Y 2 2031-04-18 Floating 5.88350880 N N N N N N Canyon Capital CLO Ltd. 549300W778MFSPI8C872 Canyon Capital CLO Ltd., Series 2014-1A, Class A1BR 13875LAY4 3010000.00000000 PA USD 2931773.11000000 0.143273335637 Long ABS-CBDO CORP US Y 2 2031-01-30 Floating 5.97242880 N N N N N N Palmer Square CLO Ltd. 549300EYS8N79JYSXL17 Palmer Square CLO Ltd., Series 2018-2A, Class A1A 69688MAA3 59000000.00000000 PA USD 58608889.00000000 2.864168102371 Long ABS-CBDO CORP US Y 2 2031-07-16 Floating 5.89242960 N N N N N N Neuberger Berman Loan Advisers CLO 42 Ltd. 549300LGCRX4YI1JNS93 Neuberger Berman Loan Advisers CLO 42 Ltd., Series 2021-42A, Class A 64133WAA3 6000000.00000000 PA USD 5921346.00000000 0.289371298887 Long ABS-CBDO CORP US Y 2 2035-07-16 Floating 5.89242960 N N N N N N Dryden 64 CLO Ltd. N/A Dryden 64 CLO Ltd., Series 2018-64A, Class A 26251LAC8 53589000.00000000 PA USD 52996948.73000000 2.589917206509 Long ABS-CBDO CORP US Y 2 2031-04-18 Floating 5.76470880 N N N N N N Magnetite XVI Ltd. 549300Z3WHVYABE20I45 Magnetite XVI Ltd., Series 2015-16A, Class AR 55953RAL5 16002784.17000000 PA USD 15906271.38000000 0.777326373039 Long ABS-CBDO CORP US Y 2 2028-01-18 Floating 5.59470960 N N N N N N Carlyle US CLO Ltd. N/A Carlyle US CLO Ltd., Series 2021-7A, Class A1 14316WAA7 22000000.00000000 PA USD 21754832.00000000 1.063140710393 Long ABS-CBDO CORP US Y 2 2035-10-15 Floating 5.95243080 N N N N N N OHA Credit Partners XIV Ltd. N/A OHA Credit Partners XIV Ltd., Series 2017-14A, Class C 67706XAJ2 1000000.00000000 PA USD 961393.00000000 0.046982483569 Long ABS-CBDO CORP US Y 2 2030-01-21 Floating 6.61529160 N N N N N N Magnetite XXV Ltd. 549300WFCL37N4TDUR08 Magnetite XXV Ltd., Series 2020-25A, Class A 55955GAA1 12595000.00000000 PA USD 12517855.63000000 0.611737287931 Long ABS-CBDO CORP US Y 2 2032-01-25 Floating 6.01770960 N N N N N N Sound Point CLO VI-R Ltd. 5493001FKRL3V2YW2890 Sound Point CLO VI-R Ltd., Series 2014-2RA, Class A 83613WAA2 4000000.00000000 PA USD 3928220.00000000 0.191968873921 Long ABS-CBDO CORP US Y 2 2031-10-20 Floating 6.05770920 N N N N N N Galaxy XXI CLO Ltd. 549300BW4412X0TZDD77 Galaxy XXI CLO Ltd., Series 2015-21A, Class AR 36320WAL0 20390000.00000000 PA USD 20222536.93000000 0.988258713178 Long ABS-CBDO CORP US Y 2 2031-04-20 Floating 5.82770880 N N N N N N Voya CLO Ltd. 549300KSCKXTOBY0IP86 Voya CLO Ltd., Series 2019-1A, Class AR 92917NAJ7 1000000.00000000 PA USD 988218.00000000 0.048293399210 Long ABS-CBDO CORP US Y 2 2031-04-15 Floating 5.85243000 N N N N N N BlueMountain Fuji US CLO III Ltd. 549300EY8WEC9D18YD37 BlueMountain Fuji US CLO III Ltd., Series 2017-3A, Class A2 09628FAC3 3500000.00000000 PA USD 3420238.50000000 0.167144236673 Long ABS-CBDO CORP US Y 2 2030-01-15 Floating 5.94243000 N N N N N N Benefit Street Partners CLO VIII Ltd. 549300D98ZLKNSI8CN63 Benefit Street Partners CLO VIII Ltd., Series 2015-8A, Class A1AR 08180XAN2 3000000.00000000 PA USD 2973936.00000000 0.145333801323 Long ABS-CBDO CORP US Y 2 2031-01-20 Floating 5.90771160 N N N N N N Neuberger Berman Loan Advisers CLO 43 Ltd. 549300LCOEVXWN75LP18 Neuberger Berman Loan Advisers CLO 43 Ltd., Series 2021-43A, Class A 64134AAA0 15060000.00000000 PA USD 14849310.60000000 0.725673570825 Long ABS-CBDO CORP US Y 2 2035-07-17 Floating 5.92242840 N N N N N N CIFC Funding Ltd. 54930089HD7KU5NUS092 CIFC Funding Ltd., Series 2021-7A, Class A1 12567HAC6 34576000.00000000 PA USD 34124852.35000000 1.667653410031 Long ABS-CBDO CORP US Y 2 2035-01-23 Floating 5.94528840 N N N N N N Sound Point CLO XVI Ltd. 549300ZK5CJ7PM7YBH85 Sound Point CLO XVI Ltd., Series 2017-2A, Class AR 83610KAJ2 18648419.55000000 PA USD 18399649.63000000 0.899175713176 Long ABS-CBDO CORP US Y 2 2030-07-25 Floating 5.79771000 N N N N N N THL Credit Wind River CLO Ltd. N/A THL Credit Wind River CLO Ltd., Series 2014-2A, Class AR 88390AAT7 38798600.00000000 PA USD 38417132.16000000 1.877413586824 Long ABS-CBDO CORP US Y 2 2031-01-15 Floating 5.93242920 N N N N N N Allegro CLO XII Ltd. 254900E0ZQX4DLP7HF87 Allegro CLO XII Ltd., Series 2020-1A, Class A1 01750TAC0 33125000.00000000 PA USD 32866293.75000000 1.606148688502 Long ABS-CBDO CORP US Y 2 2032-01-21 Floating 6.06529080 N N N N N N Wind River CLO Ltd. N/A Wind River CLO Ltd., Series 2021-2A, Class C 97315VAG2 2000000.00000000 PA USD 1836926.00000000 0.089769059700 Long ABS-CBDO CORP US Y 2 2034-07-20 Floating 6.75771120 N N N N N N LCM XXIII Ltd. N/A LCM XXIII Ltd., Series 23A, Class A1R 52111PAF8 22385083.22000000 PA USD 22201704.62000000 1.084979007039 Long ABS-CBDO CORP US Y 2 2029-10-20 Floating 5.87770920 N N N N N N Regatta XI Funding Ltd. 254900TUAAER6MTE4E64 Regatta XI Funding Ltd., Series 2018-1A, Class A 75887XAA5 15000000.00000000 PA USD 14835045.00000000 0.724976422710 Long ABS-CBDO CORP US Y 2 2031-07-17 Floating 5.86243080 N N N N N N Voya CLO Ltd. 549300L8S87K3SMP0R77 Voya CLO Ltd., Series 2014-2A, Class A1RR 92912VAY1 21310019.45000000 PA USD 21090100.05000000 1.030655807842 Long ABS-CBDO CORP US Y 2 2030-04-17 Floating 5.81243040 N N N N N N Signal Peak CLO 8 Ltd. N/A Signal Peak CLO 8 Ltd., Series 2020-8A, Class C 56845NAE0 2000000.00000000 PA USD 1919456.00000000 0.093802232782 Long ABS-CBDO CORP US Y 2 2033-04-20 Floating 6.80771160 N N N N N N Magnetite XVII Ltd. 5493003SVWF9GG13MZ22 Magnetite XVII Ltd., Series 2016-17A, Class AR 55954EAQ2 25400000.00000000 PA USD 25218491.60000000 1.232406900438 Long ABS-CBDO CORP US Y 2 2031-07-20 Floating 5.90771160 N N N N N N Dryden 75 CLO Ltd. 254900JFO9XUH2EREJ70 Dryden 75 CLO Ltd., Series 2019-75A, Class AR2 26252JAS7 27500000.00000000 PA USD 26962100.00000000 1.317615605935 Long ABS-CBDO CORP US Y 2 2034-04-15 Floating 5.83242840 N N N N N N KKR CLO 24 Ltd. 549300LGO0WGOG6NE245 KKR CLO 24 Ltd., Series 24, Class A1R 48252RAL8 7110000.00000000 PA USD 7029230.40000000 0.343512696442 Long ABS-CBDO CORP US Y 2 2032-04-20 Floating 5.88771000 N N N N N N KKR CLO Ltd. 549300GKHET0CQ690V42 KKR CLO Ltd., Series 22A, Class A 48252WAA1 3000000.00000000 PA USD 2965851.00000000 0.144938694036 Long ABS-CBDO CORP US Y 2 2031-07-20 Floating 5.95770840 N N N N N N MP CLO III Ltd. 549300FWSFBNCWDD1P18 MP CLO III Ltd., Series 2013-1A, Class AR 553205AC9 17714274.18000000 PA USD 17459365.77000000 0.853224815881 Long ABS-CBDO CORP US Y 2 2030-10-20 Floating 6.05770920 N N N N N N MidOcean Credit CLO VIII 549300T32RO3I7BJ4V26 MidOcean Credit CLO VIII, Series 2018-8A, Class A2 59801MAC2 8037000.00000000 PA USD 7757690.14000000 0.379111923569 Long ABS-CBDO CORP US Y 2 2031-02-20 Floating 5.97543120 N N N N N N Octagon Investment Partners XIV Ltd. 549300QEN35HTPJ3BX33 Octagon Investment Partners XIV Ltd., Series 2012-1A, Class ABRR 67590ABR2 20000000.00000000 PA USD 19590000.00000000 0.957347154720 Long ABS-CBDO CORP US Y 2 2029-07-15 Floating 6.04243080 N N N N N N Octagon Investment Partners 50 Ltd. N/A Octagon Investment Partners 50 Ltd., Series 2020-4A, Class AR 67592MAN4 10000000.00000000 PA USD 9841220.00000000 0.480932310667 Long ABS-CBDO CORP US Y 2 2035-01-15 Floating 5.94243000 N N N N N N Madison Park Funding XVIII Ltd. N/A Madison Park Funding XVIII Ltd., Series 2015-18A, Class ARR 55819BAW0 49809719.50000000 PA USD 49294338.33000000 2.408973687801 Long ABS-CBDO CORP US Y 2 2030-10-21 Floating 5.75529120 N N N N N N Venture XVIII CLO Ltd. 549300MWRVTJN0X3KI79 Venture XVIII CLO Ltd., Series 2014-18A, Class AR 92329FAP2 22769000.57000000 PA USD 22569657.97000000 1.102960584001 Long ABS-CBDO CORP US Y 2 2029-10-15 Floating 6.01242840 N N N N N N Greywolf CLO VII Ltd. 5493005EEKUYF0Q6Z361 Greywolf CLO VII Ltd., Series 2018-2A, Class A1 39809AAA6 2000000.00000000 PA USD 1990540.00000000 0.097276049278 Long ABS-CBDO CORP US Y 2 2031-10-20 Floating 6.07903920 N N N N N N LCM XVIII LP 549300PYL1KC7BYM8G75 LCM XVIII LP, Series 19A, Class AR 50188QAJ0 3033855.45000000 PA USD 3031149.25000000 0.148129765697 Long ABS-CBDO CORP US Y 2 2027-07-15 Floating 6.03243000 N N N N N N LCM XXIV Ltd. N/A LCM XXIV Ltd., Series 24A, Class AR 50188YAE4 36889395.62000000 PA USD 36527584.43000000 1.785072946547 Long ABS-CBDO CORP US Y 2 2030-03-20 Floating 5.78770920 N N N N N N Pikes Peak CLO 1 549300IOF5UIE4PES702 Pikes Peak CLO 1, Series 2018-1A, Class A 721327AA2 1500000.00000000 PA USD 1485418.50000000 0.072591177873 Long ABS-CBDO CORP US Y 2 2031-07-24 Floating 5.99556960 N N N N N N Dryden 53 CLO Ltd. N/A Dryden 53 CLO Ltd., Series 2017-53A, Class A 26243EAA9 32552000.00000000 PA USD 32294057.95000000 1.578183996569 Long ABS-CBDO CORP US Y 2 2031-01-15 Floating 5.91243120 N N N N N N TICP CLO XII Ltd. N/A TICP CLO XII Ltd., Series 2018-12A, Class AR 87250FAL4 8580000.00000000 PA USD 8492097.90000000 0.415001825531 Long ABS-CBDO CORP US Y 2 2034-07-15 Floating 5.96243160 N N N N N N CBAM Ltd. 254900YSCN4KH02DQ033 CBAM Ltd., Series 2018-8A, Class A1 12478CAA9 10793369.22000000 PA USD 10721614.90000000 0.523956483844 Long ABS-CBDO CORP US Y 2 2029-10-20 Floating 5.92770960 N N N N N N KKR CLO 25 Ltd. 549300MJB0YZ0QTQNZ45 KKR CLO 25 Ltd., Series 25, Class CR 48252UAL1 1300000.00000000 PA USD 1244783.80000000 0.060831558405 Long ABS-CBDO CORP US Y 2 2034-07-15 Floating 7.09242840 N N N N N N Carlyle US CLO Ltd. N/A Carlyle US CLO Ltd., Series 2017-5A, Class A1B 14316AAC1 4527000.00000000 PA USD 4410194.35000000 0.215522563182 Long ABS-CBDO CORP US Y 2 2030-01-20 Floating 6.05770920 N N N N N N Octagon Loan Funding Ltd. 549300HJJWTCMWFILG24 Octagon Loan Funding Ltd., Series 2014-1A, Class ARR 67590RAY1 6000000.00000000 PA USD 5950686.00000000 0.290805120507 Long ABS-CBDO CORP US Y 2 2031-11-18 Floating 5.85429120 N N N N N N Regatta Funding LP N/A Regatta Funding LP, Series 2013-2A, Class A1R3 75885WBA8 11383629.65000000 PA USD 11302202.55000000 0.552329323803 Long ABS-CBDO CORP US Y 2 2029-01-15 Floating 5.64243120 N N N N N N OCP CLO Ltd. 254900NXH68CRC058O44 OCP CLO Ltd., Series 2014-5A, Class A1R 67102SAL8 2250000.00000000 PA USD 2233743.75000000 0.109161216101 Long ABS-CBDO CORP US Y 2 2031-04-26 Floating 5.90186160 N N N N N N Rockford Tower CLO Ltd. 549300V5ZF7112UGSH89 Rockford Tower CLO Ltd., Series 2017-3A, Class A 77341DAA5 25470000.00000000 PA USD 25255619.01000000 1.234221286366 Long ABS-CBDO CORP US Y 2 2030-10-20 Floating 5.99771160 N N N N N N Marble Point CLO XI Ltd. 549300DBVCVH5X7MO467 Marble Point CLO XI Ltd., Series 2017-2A, Class A 56607FAA3 3000000.00000000 PA USD 2955930.00000000 0.144453862942 Long ABS-CBDO CORP US Y 2 2030-12-18 Floating 5.97471120 N N N N N N AGL Core CLO 4 Ltd. 549300HS2AZ4GZPCZ864 AGL Core CLO 4 Ltd., Series 2020-4A, Class A1R 001199AG3 5500000.00000000 PA USD 5431904.50000000 0.265452696160 Long ABS-CBDO CORP US Y 2 2033-04-20 Floating 5.87770920 N N N N N N Ballyrock CLO Ltd. N/A Ballyrock CLO Ltd., Series 2019-1A, Class A1R 05875JAJ8 19000000.00000000 PA USD 18709851.00000000 0.914334998473 Long ABS-CBDO CORP US Y 2 2032-07-15 Floating 5.82243120 N N N N N N Atrium XIV LLC N/A Atrium XIV LLC, Series 14A, Class A2A 04965LAE8 2000000.00000000 PA USD 1973386.00000000 0.096437747435 Long ABS-CBDO CORP US Y 2 2030-08-23 Floating 6.24242880 N N N N N N Eaton Vance CLO Ltd. 5493004NKU3QU5G6QW39 Eaton Vance CLO Ltd., Series 2020-1A, Class AR 278300AJ7 25000000.00000000 PA USD 24731325.00000000 1.208599470199 Long ABS-CBDO CORP US Y 2 2034-10-15 Floating 5.96243160 N N N N N N Oaktree CLO Ltd. N/A Oaktree CLO Ltd., Series 2019-2A, Class A1AR 67401UAN7 3000000.00000000 PA USD 2972079.00000000 0.145243051263 Long ABS-CBDO CORP US Y 2 2031-04-15 Floating 5.91243120 N N N N N N Symphony CLO XXII Ltd. N/A Symphony CLO XXII Ltd., Series 2020-22A, Class A1A 87167GAA8 2650000.00000000 PA USD 2637979.60000000 0.128915888936 Long ABS-CBDO CORP US Y 2 2033-04-18 Floating 6.08470920 N N N N N N CIFC Funding Ltd. N/A CIFC Funding Ltd., Series 2013-2A, Class A3LR 12549BAU2 6205000.00000000 PA USD 5922163.69000000 0.289411258724 Long ABS-CBDO CORP US Y 2 2030-10-18 Floating 6.74242920 N N N N N N OHA Credit Funding 5 Ltd. N/A OHA Credit Funding 5 Ltd., Series 2020-5A, Class A2A 67113GAE7 1350000.00000000 PA USD 1323608.85000000 0.064683673635 Long ABS-CBDO CORP US Y 2 2033-04-18 Floating 6.24471120 N N N N N N Sound Point CLO XVII N/A Sound Point CLO XVII, Series 2017-3A, Class A1R 83611GAL5 50000000.00000000 PA USD 49192700.00000000 2.404006706380 Long ABS-CBDO CORP US Y 2 2030-10-20 Floating 5.78770920 N N N N N N Palmer Square Loan Funding Ltd. N/A Palmer Square Loan Funding Ltd., Series 2021-1A, Class A1 69701YAA0 12330217.74000000 PA USD 12249121.90000000 0.598604492025 Long ABS-CBDO CORP US Y 2 2029-04-20 Floating 5.70771000 N N N N N N Apidos CLO XX 5493008YDOADR1DMZM86 Apidos CLO XX, Series 2015-20A, Class A1RA 03765LAP7 21330000.00000000 PA USD 21148119.09000000 1.033491150510 Long ABS-CBDO CORP US Y 2 2031-07-16 Floating 5.89242960 N N N N N N CARLYLE US CLO Ltd. N/A CARLYLE US CLO Ltd., Series 2021-1A, Class A1 14316MAA9 19150000.00000000 PA USD 18886266.20000000 0.922956263902 Long ABS-CBDO CORP US Y 2 2034-04-15 Floating 5.93242920 N N N N N N Neuberger Berman Loan Advisers CLO 40 Ltd. 549300Y2YE54ON4DJE28 Neuberger Berman Loan Advisers CLO 40 Ltd., Series 2021-40A, Class A 64134JAA1 4500000.00000000 PA USD 4449726.00000000 0.217454442337 Long ABS-CBDO CORP US Y 2 2033-04-16 Floating 5.85243000 N N N N N N Anchorage Capital CLO 9 Ltd. 5493009A4SIPWYPZDB35 Anchorage Capital CLO 9 Ltd., Series 2016-9A, Class AR2 03328WAS7 32500000.00000000 PA USD 32127062.50000000 1.570023066559 Long ABS-CBDO CORP US Y 2 2032-07-15 Floating 5.93242920 N N N N N N CBAM Ltd. 25490038OT2B8HTRW786 CBAM Ltd., Series 2018-5A, Class A 12481QAC9 25900000.00000000 PA USD 25576198.20000000 1.249887727173 Long ABS-CBDO CORP US Y 2 2031-04-17 Floating 5.81243040 N N N N N N Venture 32 CLO Ltd. 549300UP09C89Q3HWD39 Venture 32 CLO Ltd., Series 2018-32A, Class A1 92325QAA5 3766000.00000000 PA USD 3705167.80000000 0.181068496737 Long ABS-CBDO CORP US Y 2 2031-07-18 Floating 5.89470840 N N N N N N CIFC Funding Ltd. 254900S2BZHNDNVF2L25 CIFC Funding Ltd., Series 2017-3A, Class A1 12548JAC6 9577496.81000000 PA USD 9525289.87000000 0.465493065591 Long ABS-CBDO CORP US Y 2 2030-07-20 Floating 6.02771040 N N N N N N CIFC Funding Ltd. 5493006JGTCIL6LCS728 CIFC Funding Ltd., Series 2014-4RA, Class A1AR 12552FAQ6 42500000.00000000 PA USD 41980650.00000000 2.051559766758 Long ABS-CBDO CORP US Y 2 2035-01-17 Floating 5.96243160 N N N N N N Logan CLO I Ltd. N/A Logan CLO I Ltd., Series 2021-1A, Class A 540543AA3 11000000.00000000 PA USD 10882003.00000000 0.531794518106 Long ABS-CBDO CORP US Y 2 2034-07-20 Floating 5.96770920 N N N N N N 2023-03-02 Janus Detroit Street Trust Jesper Nergaard Jesper Nergaard VP, CFO, Treasurer, and Principal Accounting Officer XXXX NPORT-EX 2 JHAAA_CLO.htm
Janus
Henderson
AAA
CLO
ETF
Schedule
of
Investments
(unaudited)
January
31,
2023
1
Shares/
Principal
Amounts
Value
Collateralized
Loan
Obligations
-
98.9%
AB
BSL
CLO
2
Ltd.
2021-2A
A,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.8924%,
4/15/34
(144A)
$
20,755,000
$
20,397,371
AGL
Core
CLO
4
Ltd.
2020-4A
A1R,
ICE
LIBOR
USD
3
Month
+
1.0700%,
5.8777%,
4/20/33
(144A)
5,500,000
5,431,905
Allegro
CLO
VIII
Ltd.
2018-2A
A,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.8924%,
7/15/31
(144A)
16,317,000
16,111,487
Allegro
CLO
XII
Ltd.
2020-1A
A1,
ICE
LIBOR
USD
3
Month
+
1.2500%,
6.0653%,
1/21/32
(144A)
33,125,000
32,866,294
AMMC
CLO
XII
Ltd.
2013-12A
AR2,
ICE
LIBOR
USD
3
Month
+
0.9500%,
5.5420%,
11/10/30
(144A)
37,500,000
37,125,750
Anchorage
Capital
CLO
Ltd.
2014-4RA
A,
ICE
LIBOR
USD
3
Month
+
1.0500%,
5.8524%,
1/28/31
(144A)
15,484,425
15,379,100
Apex
Credit
CLO
Ltd.
2021-1A
AN,
ICE
LIBOR
USD
3
Month
+
1.2100%,
6.0047%,
7/18/34
(144A)
1,476,000
1,443,631
Apidos
CLO
XX
2015-20A
A1RA,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.8924%,
7/16/31
(144A)
21,330,000
21,148,119
Apidos
CLO
XXIX
2018-29A
A1B,
ICE
LIBOR
USD
3
Month
+
1.3000%,
6.1177%,
7/25/30
(144A)
2,000,000
1,960,256
Atrium
XIV
LLC
14A
A2A,
ICE
LIBOR
USD
3
Month
+
1.4500%,
6.2424%,
8/23/30
(144A)
2,000,000
1,973,386
Ballyrock
CLO
Ltd.
2019-1A
A1R,
ICE
LIBOR
USD
3
Month
+
1.0300%,
5.8224%,
7/15/32
(144A)
19,000,000
18,709,851
Battalion
CLO
VIII
Ltd.
2015-8A
A1R2,
ICE
LIBOR
USD
3
Month
+
1.0700%,
5.8647%,
7/18/30
(144A)
14,697,439
14,544,938
Benefit
Street
Partners
CLO
VIII
Ltd.
2015-8A
A1AR,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.9077%,
1/20/31
(144A)
3,000,000
2,973,936
BlueMountain
CLO
XXXII
Ltd.
2021-32A
A,
ICE
LIBOR
USD
3
Month
+
1.1700%,
5.9624%,
10/15/34
(144A)
11,800,000
11,605,442
BlueMountain
Fuji
US
CLO
II
Ltd.
2017-2A
A1AR,
ICE
LIBOR
USD
3
Month
+
1.0000%,
5.8077%,
10/20/30
(144A)
15,000,000
14,874,855
BlueMountain
Fuji
US
CLO
III
Ltd.
2017-3A
A2,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9424%,
1/15/30
(144A)
3,500,000
3,420,238
Canyon
Capital
CLO
Ltd.
2014-1A
A1BR,
ICE
LIBOR
USD
3
Month
+
1.1700%,
5.9724%,
1/30/31
(144A)
3,010,000
2,931,773
Carlyle
US
CLO
Ltd.
2016-4A
BR,
ICE
LIBOR
USD
3
Month
+
2.1000%,
6.9077%,
10/20/27
(144A)
1,000,000
964,806
Carlyle
US
CLO
Ltd.
2017-5A
A1B,
ICE
LIBOR
USD
3
Month
+
1.2500%,
6.0577%,
1/20/30
(144A)
4,527,000
4,410,194
Carlyle
US
CLO
Ltd.
2021-7A
A1,
ICE
LIBOR
USD
3
Month
+
1.1600%,
5.9524%,
10/15/35
(144A)
22,000,000
21,754,832
CARLYLE
US
CLO
Ltd.
2021-1A
A1,
ICE
LIBOR
USD
3
Month
+
1.1400%,
5.9324%,
4/15/34
(144A)
19,150,000
18,886,266
CBAM
Ltd.
2018-8A
A1,
ICE
LIBOR
USD
3
Month
+
1.1200%,
5.9277%,
10/20/29
(144A)
10,793,369
10,721,615
CBAM
Ltd.
2018-5A
A,
ICE
LIBOR
USD
3
Month
+
1.0200%,
5.8124%,
4/17/31
(144A)
25,900,000
25,576,198
CBAM
Ltd.
2019-11RA
A1,
ICE
LIBOR
USD
3
Month
+
1.1800%,
5.9877%,
1/20/35
(144A)
16,897,000
16,631,683
CBAM
Ltd.
2019-11RA
A2,
ICE
LIBOR
USD
3
Month
+
1.5000%,
6.3077%,
1/20/35
(144A)
13,889,000
13,409,871
CIFC
Funding
Ltd.
2017-1A
AR,
ICE
LIBOR
USD
3
Month
+
1.0100%,
5.8253%,
4/23/29
(144A)
8,365,497
8,311,515
CIFC
Funding
Ltd.
2017-3A
A1,
ICE
LIBOR
USD
3
Month
+
1.2200%,
6.0277%,
7/20/30
(144A)
9,577,497
9,525,290
Janus
Henderson
AAA
CLO
ETF
Schedule
of
Investments
(unaudited)
January
31,
2023
2
Shares/
Principal
Amounts
Value
Collateralized
Loan
Obligations
-
(continued)
CIFC
Funding
Ltd.
2013-2A
A3LR,
ICE
LIBOR
USD
3
Month
+
1.9500%,
6.7424%,
10/18/30
(144A)
$
6,205,000
$
5,922,164
CIFC
Funding
Ltd.
2018-3A
A,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.8947%,
7/18/31
(144A)
26,500,000
26,291,842
CIFC
Funding
Ltd.
2019-6A
C,
ICE
LIBOR
USD
3
Month
+
2.7000%,
7.4924%,
1/16/33
(144A)
1,500,000
1,485,748
CIFC
Funding
Ltd.
2014-4RA
A1AR,
ICE
LIBOR
USD
3
Month
+
1.1700%,
5.9624%,
1/17/35
(144A)
42,500,000
41,980,650
CIFC
Funding
Ltd.
2021-7A
A1,
ICE
LIBOR
USD
3
Month
+
1.1300%,
5.9453%,
1/23/35
(144A)
34,576,000
34,124,852
Deer
Creek
CLO
Ltd.
2017-1A
A,
ICE
LIBOR
USD
3
Month
+
1.1800%,
5.9877%,
10/20/30
(144A)
2,807,692
2,785,079
Dryden
41
Senior
Loan
Fund
2015-41A
AR,
ICE
LIBOR
USD
3
Month
+
0.9700%,
5.7997%,
4/15/31
(144A)
52,305,000
51,706,683
Dryden
53
CLO
Ltd.
2017-53A
A,
ICE
LIBOR
USD
3
Month
+
1.1200%,
5.9124%,
1/15/31
(144A)
32,552,000
32,294,058
Dryden
64
CLO
Ltd.
2018-64A
A,
ICE
LIBOR
USD
3
Month
+
0.9700%,
5.7647%,
4/18/31
(144A)
53,589,000
52,996,949
Dryden
75
CLO
Ltd.
2019-75A
AR2,
ICE
LIBOR
USD
3
Month
+
1.0400%,
5.8324%,
4/15/34
(144A)
27,500,000
26,962,100
Dryden
85
CLO
Ltd.
2020-85A
AR,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9424%,
10/15/35
(144A)
30,000,000
29,536,980
Eaton
Vance
CLO
Ltd.
2020-1A
AR,
ICE
LIBOR
USD
3
Month
+
1.1700%,
5.9624%,
10/15/34
(144A)
25,000,000
24,731,325
Galaxy
XX
CLO
Ltd.
2015-20A
AR,
ICE
LIBOR
USD
3
Month
+
1.0000%,
5.8077%,
4/20/31
(144A)
4,000,000
3,957,956
Generate
CLO
2
Ltd.
2A
AR,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9653%,
1/22/31
(144A)
2,000,000
1,983,760
Greywolf
CLO
VII
Ltd.
2018-2A
A1,
CME
Term
SOFR
3
Month
+
1.4400%,
6.0790%,
10/20/31
(144A)
2,000,000
1,990,540
Hayfin
US
XIV
Ltd.
2021-14A
A1,
ICE
LIBOR
USD
3
Month
+
1.2300%,
6.0377%,
7/20/34
(144A)
16,800,000
16,583,767
Highbridge
Loan
Management
Ltd.
7A-2015
A2R,
ICE
LIBOR
USD
3
Month
+
0.9000%,
5.5061%,
3/15/27
(144A)
3,000,000
2,976,303
Jay
Park
CLO
Ltd.
2016-1A
A2R,
ICE
LIBOR
USD
3
Month
+
1.4500%,
6.2577%,
10/20/27
(144A)
22,000,000
21,757,252
JMP
Credit
Advisors
CLO
IV
Ltd.
2017-1A
AR,
ICE
LIBOR
USD
3
Month
+
1.2800%,
6.0724%,
7/17/29
(144A)
11,555,514
11,482,576
KKR
CLO
23
Ltd.
23
A1,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9577%,
10/20/31
(144A)
1,000,000
991,273
KKR
CLO
24
Ltd.
24
A1R,
ICE
LIBOR
USD
3
Month
+
1.0800%,
5.8877%,
4/20/32
(144A)
7,110,000
7,029,230
KKR
CLO
25
Ltd.
25
CR,
ICE
LIBOR
USD
3
Month
+
2.3000%,
7.0924%,
7/15/34
(144A)
1,300,000
1,244,784
KKR
CLO
Ltd.
22A
A,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9577%,
7/20/31
(144A)
3,000,000
2,965,851
LCM
XVIII
LP
19A
AR,
ICE
LIBOR
USD
3
Month
+
1.2400%,
6.0324%,
7/15/27
(144A)
3,033,855
3,031,149
LCM
XXIII
Ltd.
23A
A1R,
ICE
LIBOR
USD
3
Month
+
1.0700%,
5.8777%,
10/20/29
(144A)
22,385,083
22,201,705
LCM
XXIV
Ltd.
24A
AR,
ICE
LIBOR
USD
3
Month
+
0.9800%,
5.7877%,
3/20/30
(144A)
36,889,396
36,527,584
Logan
CLO
II
Ltd.
2021-2A
A,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9577%,
1/20/35
(144A)
24,196,521
23,888,548
Janus
Henderson
AAA
CLO
ETF
Schedule
of
Investments
(unaudited)
January
31,
2023
3
Shares/
Principal
Amounts
Value
Collateralized
Loan
Obligations
-
(continued)
Madison
Park
Funding
XVIII
Ltd.
2015-18A
ARR,
ICE
LIBOR
USD
3
Month
+
0.9400%,
5.7553%,
10/21/30
(144A)
$
49,809,720
$
49,294,338
Madison
Park
Funding
XX
Ltd.
2016-20A
A2R,
ICE
LIBOR
USD
3
Month
+
1.3000%,
6.1146%,
7/27/30
(144A)
4,750,000
4,659,565
Madison
Park
Funding
XXVI
Ltd.
2017-26A
AR,
ICE
LIBOR
USD
3
Month
+
1.2000%,
6.0024%,
7/29/30
(144A)
24,615,357
24,492,551
Magnetite
XIV-R
Ltd.
2015-14RA
A1,
ICE
LIBOR
USD
3
Month
+
1.1200%,
5.9147%,
10/18/31
(144A)
17,250,000
17,102,081
Magnetite
XV
Ltd.
2015-15A
CR,
CME
Term
SOFR
3
Month
+
2.0616%,
6.6177%,
7/25/31
(144A)
2,700,000
2,606,321
Magnetite
XVII
Ltd.
2016-17A
AR,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.9077%,
7/20/31
(144A)
25,400,000
25,218,492
Magnetite
Xxix
Ltd.
2021-29A
A,
ICE
LIBOR
USD
3
Month
+
0.9900%,
5.7824%,
1/15/34
(144A)
18,306,000
18,098,959
Magnetite
XXVI
Ltd.
2020-26A
A1R,
ICE
LIBOR
USD
3
Month
+
1.1200%,
5.9377%,
7/25/34
(144A)
6,000,000
5,927,238
Marble
Point
CLO
XI
Ltd.
2017-2A
A,
ICE
LIBOR
USD
3
Month
+
1.1800%,
5.9747%,
12/18/30
(144A)
3,000,000
2,955,930
MidOcean
Credit
CLO
VIII
2018-8A
A2,
ICE
LIBOR
USD
3
Month
+
1.3000%,
5.9754%,
2/20/31
(144A)
8,037,000
7,757,690
MP
CLO
III
Ltd.
2013-1A
AR,
ICE
LIBOR
USD
3
Month
+
1.2500%,
6.0577%,
10/20/30
(144A)
17,714,274
17,459,366
Neuberger
Berman
Loan
Advisers
CLO
33
Ltd.
2019-33A
AR,
ICE
LIBOR
USD
3
Month
+
1.0800%,
5.8724%,
10/16/33
(144A)
23,000,000
22,754,383
Neuberger
Berman
Loan
Advisers
CLO
40
Ltd.
2021-40A
A,
ICE
LIBOR
USD
3
Month
+
1.0600%,
5.8524%,
4/16/33
(144A)
4,500,000
4,449,726
Neuberger
Berman
Loan
Advisers
CLO
42
Ltd.
2021-42A
A,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.8924%,
7/16/35
(144A)
6,000,000
5,921,346
Neuberger
Berman
Loan
Advisers
CLO
43
Ltd.
2021-43A
A,
ICE
LIBOR
USD
3
Month
+
1.1300%,
5.9224%,
7/17/35
(144A)
15,060,000
14,849,311
Northwoods
Capital
XII-B
Ltd.
2018-12BA
A2,
ICE
LIBOR
USD
3
Month
+
1.6000%,
6.3690%,
6/15/31
(144A)
25,890,000
25,636,149
Oaktree
CLO
Ltd.
2019-2A
A1AR,
ICE
LIBOR
USD
3
Month
+
1.1200%,
5.9124%,
4/15/31
(144A)
3,000,000
2,972,079
OCP
CLO
Ltd.
2014-5A
A1R,
ICE
LIBOR
USD
3
Month
+
1.0800%,
5.9019%,
4/26/31
(144A)
2,250,000
2,233,744
Octagon
Investment
Partners
34
Ltd.
2017-1A
A2,
ICE
LIBOR
USD
3
Month
+
1.2500%,
6.0577%,
1/20/30
(144A)
2,000,000
1,956,024
Octagon
Investment
Partners
48
Ltd.
2020-3A
AR,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9577%,
10/20/34
(144A)
25,268,000
24,945,681
Octagon
Investment
Partners
49
Ltd.
2020-5A
A1,
ICE
LIBOR
USD
3
Month
+
1.2200%,
6.0124%,
1/15/33
(144A)
35,000,000
34,747,300
Octagon
Investment
Partners
50
Ltd.
2020-4A
AR,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9424%,
1/15/35
(144A)
10,000,000
9,841,220
Octagon
Investment
Partners
XIV
Ltd.
2012-1A
ABRR,
ICE
LIBOR
USD
3
Month
+
1.2500%,
6.0424%,
7/15/29
(144A)
20,000,000
19,590,000
Octagon
Investment
Partners
XV
Ltd.
2013-1A
A1RR,
ICE
LIBOR
USD
3
Month
+
0.9700%,
5.7676%,
7/19/30
(144A)
23,237,788
23,074,938
Octagon
Investment
Partners
XVII
Ltd.
2013-1A
A1R2,
ICE
LIBOR
USD
3
Month
+
1.0000%,
5.8177%,
1/25/31
(144A)
5,900,000
5,851,183
Octagon
Loan
Funding
Ltd.
2014-1A
ARR,
ICE
LIBOR
USD
3
Month
+
1.1800%,
5.8543%,
11/18/31
(144A)
6,000,000
5,950,686
OHA
Credit
Funding
3
Ltd.
2019-3A
AR,
ICE
LIBOR
USD
3
Month
+
1.1400%,
5.9477%,
7/2/35
(144A)
60,000,000
59,315,700
Janus
Henderson
AAA
CLO
ETF
Schedule
of
Investments
(unaudited)
January
31,
2023
4
Shares/
Principal
Amounts
Value
Collateralized
Loan
Obligations
-
(continued)
OHA
Credit
Funding
5
Ltd.
2020-5A
A2A,
ICE
LIBOR
USD
3
Month
+
1.4500%,
6.2447%,
4/18/33
(144A)
$
1,350,000
$
1,323,609
OHA
Credit
Funding
8
Ltd.
2021-8A
A,
ICE
LIBOR
USD
3
Month
+
1.1900%,
5.9847%,
1/18/34
(144A)
13,000,000
12,888,356
OHA
Credit
Partners
XIV
Ltd.
2017-14A
C,
ICE
LIBOR
USD
3
Month
+
1.8000%,
6.6153%,
1/21/30
(144A)
1,000,000
961,393
Palmer
Square
CLO
Ltd.
2018-2A
A1A,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.8924%,
7/16/31
(144A)
59,000,000
58,608,889
Palmer
Square
CLO
Ltd.
2021-4A
A,
ICE
LIBOR
USD
3
Month
+
1.1700%,
5.9624%,
10/15/34
(144A)
25,000,000
24,686,725
Pikes
Peak
CLO
1
2018-1A
A,
ICE
LIBOR
USD
3
Month
+
1.1800%,
5.9956%,
7/24/31
(144A)
1,500,000
1,485,418
Rad
CLO
10
Ltd.
2021-10A
A,
ICE
LIBOR
USD
3
Month
+
1.1700%,
5.9853%,
4/23/34
(144A)
5,000,000
4,950,560
Regatta
Funding
LP
2013-2A
A1R3,
ICE
LIBOR
USD
3
Month
+
0.8500%,
5.6424%,
1/15/29
(144A)
11,383,630
11,302,203
Regatta
XI
Funding
Ltd.
2018-1A
A,
ICE
LIBOR
USD
3
Month
+
1.0700%,
5.8624%,
7/17/31
(144A)
15,000,000
14,835,045
Rockford
Tower
CLO
Ltd.
2017-3A
A,
ICE
LIBOR
USD
3
Month
+
1.1900%,
5.9977%,
10/20/30
(144A)
25,470,000
25,255,619
Shackleton
CLO
Ltd.
2017-11A
AR,
ICE
LIBOR
USD
3
Month
+
1.0900%,
5.6961%,
8/15/30
(144A)
54,500,000
53,977,072
Shackleton
CLO
Ltd.
2019-14A
A1R,
ICE
LIBOR
USD
3
Month
+
1.2000%,
6.0077%,
7/20/34
(144A)
3,825,000
3,759,512
Signal
Peak
CLO
5
Ltd.
2018-5A
A,
ICE
LIBOR
USD
3
Month
+
1.1100%,
5.9277%,
4/25/31
(144A)
15,750,000
15,644,081
Signal
Peak
CLO
8
Ltd.
2020-8A
C,
ICE
LIBOR
USD
3
Month
+
2.0000%,
6.8077%,
4/20/33
(144A)
2,000,000
1,919,456
Sound
Point
CLO
VI-R
Ltd.
2014-2RA
A,
ICE
LIBOR
USD
3
Month
+
1.2500%,
6.0577%,
10/20/31
(144A)
4,000,000
3,928,220
Sound
Point
CLO
XIX
Ltd.
2018-1A
A,
ICE
LIBOR
USD
3
Month
+
1.0000%,
5.7924%,
4/15/31
(144A)
19,431,000
19,058,780
Sound
Point
CLO
XVII
2017-3A
A1R,
ICE
LIBOR
USD
3
Month
+
0.9800%,
5.7877%,
10/20/30
(144A)
50,000,000
49,192,700
Sounds
Point
CLO
IV-R
Ltd.
2013-3RA
A,
ICE
LIBOR
USD
3
Month
+
1.1500%,
5.9447%,
4/18/31
(144A)
5,000,000
4,906,945
Steele
Creek
CLO
Ltd.
2014-1RA
A,
ICE
LIBOR
USD
3
Month
+
1.0700%,
5.8853%,
4/21/31
(144A)
10,216,547
10,097,637
Symphony
CLO
XXII
Ltd.
2020-22A
A1A,
ICE
LIBOR
USD
3
Month
+
1.2900%,
6.0847%,
4/18/33
(144A)
2,650,000
2,637,980
THL
Credit
Wind
River
CLO
Ltd.
2014-2A
AR,
ICE
LIBOR
USD
3
Month
+
1.1400%,
5.9324%,
1/15/31
(144A)
38,798,600
38,417,132
TICP
CLO
XII
Ltd.
2018-12A
AR,
ICE
LIBOR
USD
3
Month
+
1.1700%,
5.9624%,
7/15/34
(144A)
8,580,000
8,492,098
Tikehau
US
CLO
I
Ltd.
2021-1A
A2,
ICE
LIBOR
USD
3
Month
+
1.4500%,
6.2447%,
1/18/35
(144A)
8,000,000
7,721,152
United
States
of
America
2015-16A
AR,
ICE
LIBOR
USD
3
Month
+
0.8000%,
5.5947%,
1/18/28
(144A)
16,002,784
15,906,271
United
States
of
America
2018-30A
A,
ICE
LIBOR
USD
3
Month
+
0.7500%,
5.5424%,
4/15/29
(144A)
26,458,748
26,203,845
United
States
of
America
2021-1A
A1,
ICE
LIBOR
USD
3
Month
+
0.9000%,
5.7077%,
4/20/29
(144A)
12,330,218
12,249,122
United
States
of
America
2017-2A
AR,
ICE
LIBOR
USD
3
Month
+
0.9800%,
5.7977%,
7/25/30
(144A)
18,648,420
18,399,650
Janus
Henderson
AAA
CLO
ETF
Schedule
of
Investments
(unaudited)
January
31,
2023
5
Shares/
Principal
Amounts
Value
Collateralized
Loan
Obligations
-
(continued)
United
States
of
America
2017-1A
A,
ICE
LIBOR
USD
3
Month
+
1.2500%,
6.0424%,
10/15/30
(144A)
$
9,962,979
$
9,835,164
United
States
of
America
2018-1A
A1A,
ICE
LIBOR
USD
3
Month
+
1.0600%,
5.8677%,
1/20/31
(144A)
19,863,000
19,746,921
United
States
of
America
2015-21A
AR,
ICE
LIBOR
USD
3
Month
+
1.0200%,
5.8277%,
4/20/31
(144A)
20,390,000
20,222,537
United
States
of
America
2019-1A
A1AR,
ICE
LIBOR
USD
3
Month
+
1.0800%,
5.8877%,
4/20/31
(144A)
20,100,000
19,835,745
United
States
of
America
2014-1A
ARR,
ICE
LIBOR
USD
3
Month
+
1.0500%,
5.8447%,
7/18/31
(144A)
10,954,918
10,732,577
United
States
of
America
2022-4A
B,
CME
Term
SOFR
3
Month
+
2.7500%,
0.0000%,
7/24/31
(144A)
9,750,000
9,750,000
United
States
of
America
2018-2A
A,
ICE
LIBOR
USD
3
Month
+
1.2000%,
5.8743%,
8/18/31
(144A)
13,000,000
12,799,839
United
States
of
America
2020-3A
A1AR,
ICE
LIBOR
USD
3
Month
+
1.0800%,
5.6861%,
11/15/31
(144A)
10,000,000
9,915,350
United
States
of
America
2020-25A
A,
ICE
LIBOR
USD
3
Month
+
1.2000%,
6.0177%,
1/25/32
(144A)
12,595,000
12,517,856
United
States
of
America
2019-10A
A1R,
ICE
LIBOR
USD
3
Month
+
1.1200%,
5.9277%,
4/20/32
(144A)
29,000,000
28,629,061
United
States
of
America
2016-9A
AR2,
ICE
LIBOR
USD
3
Month
+
1.1400%,
5.9324%,
7/15/32
(144A)
32,500,000
32,127,062
United
States
of
America
2016-1A
AR,
ICE
LIBOR
USD
3
Month
+
1.1800%,
5.9956%,
1/24/33
(144A)
27,775,000
27,441,228
United
States
of
America
2021-1A
A,
ICE
LIBOR
USD
3
Month
+
1.1600%,
5.9677%,
7/20/34
(144A)
11,000,000
10,882,003
Venture
32
CLO
Ltd.
2018-32A
A1,
ICE
LIBOR
USD
3
Month
+
1.1000%,
5.8947%,
7/18/31
(144A)
3,766,000
3,705,168
Venture
XVIII
CLO
Ltd.
2014-18A
AR,
ICE
LIBOR
USD
3
Month
+
1.2200%,
6.0124%,
10/15/29
(144A)
22,769,001
22,569,658
Voya
CLO
Ltd.
2014-2A
A1RR,
ICE
LIBOR
USD
3
Month
+
1.0200%,
5.8124%,
4/17/30
(144A)
21,310,019
21,090,100
Voya
CLO
Ltd.
2019-1A
AR,
ICE
LIBOR
USD
3
Month
+
1.0600%,
5.8524%,
4/15/31
(144A)
1,000,000
988,218
Voya
CLO
Ltd.
2014-1A
AAR2,
CME
Term
SOFR
3
Month
+
1.2516%,
5.8835%,
4/18/31
(144A)
19,278,784
19,087,904
Voya
CLO
Ltd.
2018-1A
A1,
ICE
LIBOR
USD
3
Month
+
0.9500%,
5.7476%,
4/19/31
(144A)
9,066,000
8,958,142
Wind
River
CLO
Ltd.
2021-2A
C,
ICE
LIBOR
USD
3
Month
+
1.9500%,
6.7577%,
7/20/34
(144A)
2,000,000
1,836,926
Total
Collateralized
Loan
Obligations
(cost
$2,037,156,123)
2,033,664,240
Investment
Companies
-
2.7%
Money
Market
Funds
-
2.7%
Janus
Henderson
Cash
Liquidity
Fund
LLC,
4.3380%
£,∞
(cost
$56,139,368)
56,138,098
56,149,325
Total
Investments
(total
cost
$2,093,295,491
)
-
101.6%
2,089,813,565
Liabilities,
net
of
Cash,
Receivables
and
Other
Assets
-
(1.6%)
(33,646,874)
Net
Assets
-
100.0%
$2,056,166,691
Janus
Henderson
AAA
CLO
ETF
Schedule
of
Investments
(unaudited)
January
31,
2023
6
Summary
of
Investments
by
Country
-
(Long
Positions)
(unaudited)
Country
Value
%
of
Investment
Securities
United
States
$
2,089,813,565
100.0%
Schedule
of
Affiliated
Investments
-
(%
of
Net
Assets)
Dividend
Income
Realized
Gain/(Loss)
Change
in
Unrealized
Appreciatio
n/
(Depreciation)
Value
at
1/31/23
Investment
Company
-
2.7%
Money
Market
Funds
-
2.7%
Janus
Henderson
Cash
Liquidity
Fund
LLC,
4.3380%
$
924,268
$
4,203
$
9,957
$
56,149,325
Market
Value
at
10/31/22
Purchases
Sales
Market
Value
at
1/31/23
Investment
Company
-
2.7%
Money
Market
Funds
-
2.7%
Janus
Henderson
Cash
Liquidity
Fund
LLC,
4.3380%
$
117,098,991
$
633,468,777
$
(694,425,810)
$
56,149,325
Janus
Henderson
AAA
CLO
ETF
Notes
to
Schedule
of
Investments
and
Other
Information
(unaudited)
January
31,
2023
7
ICE
Intercontinental
Exchange
LIBOR
LIBOR
(London
Interbank
Offered
Rate)
is
a
short-term
interest
rate
that
banks
offer
one
another
and
generally
represents
current
cash
rates.
LLC
Limited
Liability
Company
LP
Limited
Partnership
SOFR
Secured
Overnight
Financing
Rate
Rate
shown
is
the
7-day
yield
as
of
January
31,
2023.
£
The
Fund
may
invest
in
certain
securities
that
are
considered
affiliated
companies.
As
defined
by
the
Investment
Company
Act
of
1940,
as
amended,
an
affiliated
company
is
one
in
which
the
Fund
owns
5%
or
more
of
the
outstanding
voting
securities,
or
a
company
which
is
under
common
ownership
or
control.
The
interest
rate
on
floating
rate
notes
is
based
on
an
index
or
market
interest
rates
and
is
subject
to
change.
Rate
in
the
security
description
is
as
of
January
31,
2023.
144A
Securities
sold
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended,
are
subject
to
legal
and/or
contractual
restrictions
on
resale
and
may
not
be
publicly
sold
without
registration
under
the
1993
Act.
Unless
otherwise
noted,
these
securities
have
been
determined
to
be
liquid
in
accordance
with
the
requirements
of
Rule
22e-4,
under
the
1940
Act.
The
total
value
of
144A
securities
as
of
the
period
ended
January
31,
2023
is
$2,033,664,240
which
represents
98.9%
of
net
assets.
The
following
is
a
summary
of
the
inputs
that
were
used
to
value
the
Fund's
investments
in
securities
and
other
financial
instruments
as
of
January
31,
2023
.
See
Notes
to
Financial
Statements
for
more
information.
Valuation
Inputs
Summary
Level
1
-
Quoted
Prices
Level
2
-
Other
Significant
Observable
Inputs
Level
3
-
Significant
Unobservable
Inputs
Assets
Investments
in
Securities:
Collateralized
Loan
Obligations
$
$
2,033,664,240
$
Investment
Companies
56,149,325
Total
Assets
$
$
2,089,813,565
$
8
Investment
Valuation 
Fund holdings
are
valued
in
accordance
with
policies
and
procedures
established
by
the
Adviser
pursuant
to
Rule
2a-5
under
the
1940
Act
and
approved
by
and
subject
to
the
oversight
of
the
Trustees
(the
“Valuation
Procedures”).
Equity
securities,
including
shares
of
exchange-traded
funds,
traded
on
a
domestic
securities
exchange
are
generally
valued
at
readily
available
market
quotations,
which
are
(i)
the
official
close
prices
or
(ii)
last
sale
prices
on
the
primary
market
or
exchange
in
which
the
securities
trade.
If
such
price
is
lacking
for
the
trading
period
immediately
preceding
the
time
of
determination,
such
securities
are
generally
valued
at
their
current
bid
price.
Equity
securities
that
are
traded
on
a
foreign
exchange
are
generally
valued
at
the
closing
prices
on
such
markets.
In
the
event
that
there
is
no
current
trading
volume
on
a
particular
security
in
such
foreign
exchange,
the
bid
price
from
the
primary
exchange
is
generally
used
to
value
the
security.
Foreign
securities
and
currencies
are
converted
to
U.S.
dollars
using
the
current
spot
USD
dollar
exchange
rate
in
effect
at
the
close
of
the
London
Stock
Exchange.
The Fund will
determine
the
market
value
of
individual
securities
held
by
it
by
using
prices
provided
by
one
or
more
approved
professional
pricing
services
or,
as
needed,
by
obtaining
market
quotations
from
independent
broker-dealers.
Most
debt
securities
are
valued
in
accordance
with
the
evaluated
bid
price
supplied
by
the
Adviser-approved
pricing
service
that
is
intended
to
reflect
market
value.
The
evaluated
bid
price
supplied
by
the
pricing
service
is
an
evaluation
that
may
consider
factors
such
as
security
prices,
yields,
maturities
and
ratings.
Certain
short-term
securities
maturing
within
60
days
or
less
may
be
evaluated
and
valued
on
an
amortized
cost
basis
provided
that
the
amortized
cost
determined
approximates
market
value.
Securities
for
which
market
quotations
or
evaluated
prices
are
not
readily
available
or
deemed
unreliable
are
valued
at
fair
value
determined
in
good
faith
by
the
Adviser
pursuant
to
the
Valuation
Procedures.
Circumstances
in
which
fair
valuation
may
be
utilized
include,
but
are
not
limited
to:
(i)
a
significant
event
that
may
affect
the
securities
of
a
single
issuer,
such
as
a
merger,
bankruptcy,
or
significant
issuer-specific
development;
(ii)
an
event
that
may
affect
an
entire
market,
such
as
a
natural
disaster
or
significant
governmental
action;
(iii)
a
nonsignificant
event
such
as
a
market
closing
early
or
not
opening,
or
a
security
trading
halt;
and
(iv)
pricing
of
a
non-valued
security
and
a
restricted
or
nonpublic
security.
Special
valuation
considerations
may
apply
with
respect
to
“odd-lot”
fixed-income
transactions
which,
due
to
their
small
size,
may
receive
evaluated
prices
by
pricing
services
which
reflect
a
large
block
trade
and
not
what
actually
could
be
obtained
for
the
odd-
lot
position.
The
value
of
the
securities
of
other
mutual
funds
held
by
a
Fund,
if
any,
will
be
calculated
using
the
NAV
of
such
mutual
funds.  
Valuation
Inputs
Summary 
FASB
ASC
820,
Fair
Value
Measurements
and
Disclosures
(“ASC
820”),
defines
fair
value,
establishes
a
framework
for
measuring
fair
value,
and
expands
disclosure
requirements
regarding
fair
value
measurements.
This
standard
emphasizes
that
fair
value
is
a
market-based
measurement
that
should
be
determined
based
on
the
assumptions
that
market
participants
would
use
in
pricing
an
asset
or
liability
and
establishes
a
hierarchy
that
prioritizes
inputs
to
valuation
techniques
used
to
measure
fair
value.
These
inputs
are
summarized
into
three
broad
levels: 
Level
1
Unadjusted
quoted
prices
in
active
markets
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities.
Level
2
Observable
inputs
other
than
unadjusted
quoted
prices
included
in
Level
1
that
are
observable
for
the
asset
or
liability
either
directly
or
indirectly.
These
inputs
may
include
quoted
prices
for
the
identical
instrument
on
an
inactive
market,
prices
for
similar
instruments,
interest
rates,
prepayment
speeds,
credit
risk,
yield
curves,
default
rates
and
similar
data.
Assets
or
liabilities
categorized
as
Level
2
in
the
hierarchy
generally
include:
debt
securities
fair
valued
in
accordance
with
the
evaluated
bid
or
ask
prices
supplied
by
a
pricing
service;
securities
traded
on
OTC
markets
and
listed
securities
for
which
no
sales
are
reported
that
are
fair
valued
at
the
latest
bid
price
(or
yield
equivalent
thereof)
obtained
from
one
or
more
dealers
transacting
in
a
market
for
such
securities
or
by
a
pricing
service
approved
by
the
Fund’s
Trustees;
and
certain
short-term
debt
securities
with
maturities
of
60
days
or
less
that
are
fair
valued
at
amortized
cost.
Other
securities
that
may
be
categorized
as
Level
2
in
the
hierarchy
include,
but
are
not
limited
to,
preferred
stocks,
bank
loans,
swaps,
investments
in
unregistered
investment
companies,
options,
and
forward
contracts.
Level
3
Unobservable
inputs
for
the
asset
or
liability
to
the
extent
that
relevant
observable
inputs
are
not
available,
representing
the
Fund’s
own
assumptions
about
the
assumptions
that
a
market
participant
would
use
in
valuing
the
asset
or
liability,
and
that
would
be
based
on
the
best
information
available.
9
The
inputs
or
methodology
used
for
fair
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
securities.
The
summary
of
inputs
used
as
of
January
31,
2023 to
fair
value
the
Fund’s
investments
in
securities
and
other
financial
instruments
is
included
in
the
“Valuation
Inputs
Summary”
in
the
Notes
to
Schedule
of
Investments
and
Other
Information.
For
additional
information
on
the
Fund,
please
refer
to
the
Fund's
most
recent
semiannual
or
annual
shareholder
report.
125-25-70351
03-23