Q4 2025 Holdings
Filed 2026-02-17 | 147 holdings | $1.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| iShares 0-5 Year High Yield Co(SHYG) | Exchange Traded Fund | 46434V407 | $513.6M | 11,981,466 | 29.0% |
| Vanguard Ultra Short Bond ETF(VUSB) | Exchange Traded Fund | 92203C303 | $157.5M | 3,159,970 | 8.9% |
| iShares 20 Year Treasury Bond(TLT) | Exchange Traded Fund | 464287432 | $144.1M | 1,653,479 | 8.1% |
| iShares Short Duration Bond Ac(NEAR) | Exchange Traded Fund | 46431W507 | $125.1M | 2,448,843 | 7.1% |
| iShares Preferred and Income S(PFF) | Exchange Traded Fund | 464288687 | $111.1M | 2,116,859 | 6.3% |
| Invesco Ultra Short Duration E(GSY) | Exchange Traded Fund | 46090A887 | $101.6M | 2,021,825 | 5.7% |
| Pimco Enhanced Short Maturity(MINT) | Exchange Traded Fund | 72201R833 | $93.0M | 926,431 | 5.3% |
| Invesco Preferred ETF(PGX) | Exchange Traded Fund | 46138E511 | $82.3M | 7,321,189 | 4.7% |
| iShares 0-5 Year Investment Gr(SLQD) | Exchange Traded Fund | 46434V100 | $50.6M | 997,815 | 2.9% |
| Pimco Municipal Income Fund II(PML) | Exchange Traded Fund | 72200W106 | $47.9M | 6,346,276 | 2.7% |
| JPMorgan Ultra-Short Income ET(JPST) | Exchange Traded Fund | 46641Q837 | $39.5M | 780,797 | 2.2% |
| Nuveen Amt-Free Quality Munici(XNEAX) | Exchange Traded Fund | 670657105 | $32.6M | 2,801,020 | 1.8% |
| Nuveen Quality Municipal Incom(NAD) | Exchange Traded Fund | 67066V101 | $30.7M | 2,551,167 | 1.7% |
| Vanguard Long-Term Corporate B(VCLT) | Exchange Traded Fund | 92206C813 | $24.5M | 323,392 | 1.4% |
| iShares iBoxx $ Investment Gra(LQD) | Exchange Traded Fund | 464287242 | $22.0M | 200,000 | 1.2% |
| VanEck Long Muni ETF(MLN) | Exchange Traded Fund | 92189F536 | $20.8M | 1,183,763 | 1.2% |
| Invesco Senior Income Trust(VVR) | Exchange Traded Fund | 46131H107 | $14.5M | 4,445,801 | 0.8% |
| State Street Spdr Portfolio Lo(SPLB) | Exchange Traded Fund | 78464A367 | $11.3M | 500,000 | 0.6% |
| Invesco Senior Loan ETF(BKLN) | Exchange Traded Fund | 46138G508 | $8.4M | 400,000 | 0.5% |
| State Street Blackstone Senior(SRLN) | Exchange Traded Fund | 78467V608 | $8.3M | 200,000 | 0.5% |
| Equable Shares Hedged Equity E(HEDG) | Exchange Traded Fund | 81752T411 | $6.1M | 209,523 | 0.3% |
| Invesco QQQ Trust Series 1(QQQ) | Exchange Traded Fund | 46090E103 | $5.8M | 9,500 | 0.3% |
| State Street Spdr S&P 500 ETF(SPY) | Exchange Traded Fund | 78462F103 | $3.4M | 4,996 | 0.2% |
| State Street Technology Select(XLK) | Exchange Traded Fund | 81369Y803 | $3.0M | 20,500 | 0.2% |
| State Street Communication Ser(XLC) | Exchange Traded Fund | 81369Y852 | $2.9M | 25,000 | 0.2% |
| State Street Health Care Selec(XLV) | Exchange Traded Fund | 81369Y209 | $2.7M | 17,500 | 0.2% |
| Annaly Capital Management Inc(NLY) | Equity | 035710839 | $2.4M | 106,548 | 0.1% |
| Ares Capital Corp(ARCC) | Equity | 04010L103 | $2.1M | 104,362 | 0.1% |
| Blackstone Secured Lending Fun(BXSL) | Equity | 09261X102 | $2.0M | 77,439 | 0.1% |
| State Street Financial Select(XLF) | Exchange Traded Fund | 81369Y605 | $1.9M | 35,500 | 0.1% |
| iShares Expanded Tech-Software(IGV) | Exchange Traded Fund | 464287515 | $1.8M | 17,500 | 0.1% |
| JPMorgan Ultra-Short Municipal(JMST) | Exchange Traded Fund | 46641Q654 | $1.8M | 34,847 | 0.1% |
| Invesco Mortgage Capital Inc(IVR) | Equity | 46131B704 | $1.8M | 210,226 | 0.1% |
| Anglogold Ashanti Plc(AU) | Equity | G0378L100 | $1.7M | 20,147 | 0.1% |
| CVR Partners LP(UAN) | Equity Unit | 126633205 | $1.7M | 16,592 | 0.1% |
| Dynex Capital Inc(DX) | Equity | 26817Q886 | $1.7M | 120,279 | 0.1% |
| Cheniere Energy Partners LP(CQP) | Equity Unit | 16411Q101 | $1.7M | 30,922 | 0.1% |
| Rithm Capital Corp(RITM) | Equity | 64828T201 | $1.6M | 144,542 | 0.1% |
| Mplx LP(MPLX) | Equity Unit | 55336V100 | $1.6M | 29,502 | 0.1% |
| Enterprise Products Partners L(EPD) | Equity Unit | 293792107 | $1.5M | 47,814 | 0.1% |
| Energy Transfer LP(ET) | Equity Unit | 29273V100 | $1.5M | 92,547 | 0.1% |
| Delek Logistics Partners LP(DKL) | Equity Unit | 24664T103 | $1.5M | 34,007 | 0.1% |
| Agnc Investment Corp(AGNC) | Equity | 00123Q104 | $1.5M | 140,398 | 0.1% |
| VanEck Semiconductor ETF(SMH) | Exchange Traded Fund | 92189F676 | $1.4M | 4,000 | 0.1% |
| Newmont Corp(NEM) | Equity | 651639106 | $1.4M | 13,973 | 0.1% |
| Home Depot Inc(HD) | Equity | 437076102 | $1.4M | 4,000 | 0.1% |
| Starwood Property Trust Inc(STWD) | Equity | 85571B105 | $1.4M | 76,309 | 0.1% |
| iShares Russell 2000 ETF(IWM) | Exchange Traded Fund | 464287655 | $1.4M | 5,500 | 0.1% |
| Microsoft Corp(MSFT) | Equity | 594918104 | $1.3M | 2,750 | 0.1% |
| Barrick Mining Corp(B) | Equity | 06849F108 | $1.3M | 30,139 | 0.1% |