Q3 2025 Holdings
Filed 2025-10-20 | 94 holdings | $2.4B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(USHY) | BROAD USD HIGH | 46435U853 | $291.5M | 7,715,343 | 12.0% |
| Ishares TR(HYG) | IBOXX HI YD ETF | 464288513 | $274.5M | 3,381,491 | 11.3% |
| Spdr Series Trust(JNK) | BLOOMBERG HIGH Y | 78468R622 | $204.9M | 2,090,524 | 8.4% |
| Spdr Series Trust(SPYM) | PORTFOLIO S&P500 | 78464A854 | $161.3M | 2,058,656 | 6.6% |
| Vanguard BD Index FDS(BND) | TOTAL BND MRKT | 921937835 | $140.5M | 1,888,600 | 5.8% |
| Invesco Exch Traded FD TR II(BKLN) | SR LN ETF | 46138G508 | $127.4M | 6,087,886 | 5.3% |
| Spdr Series Trust(SPHY) | PORTFLI HIGH YLD | 78468R606 | $89.7M | 3,748,100 | 3.7% |
| Vaneck ETF Trust(EMLC) | JP MRGAN EM LOC | 92189H300 | $57.3M | 2,246,547 | 2.4% |
| Ishares TR(SHYG) | 0-5YR HI YL CP | 46434V407 | $53.6M | 1,238,300 | 2.2% |
| Pimco ETF TR(PYLD) | MULTISECTOR BD | 72201R585 | $52.0M | 1,938,800 | 2.1% |
| Spdr Series Trust(CWB) | BBG CONV SEC ETF | 78464A359 | $51.9M | 573,787 | 2.1% |
| Spdr Series Trust(SJNK) | BLOOMBERG SHT TE | 78468R408 | $49.0M | 1,913,900 | 2.0% |
| J P Morgan Exchange Traded F(JMTG) | MORTGAGE BACKED | 46654Q575 | $45.9M | 900,978 | 1.9% |
| DBX ETF TR(HYLB) | XTRACK USD HIGH | 233051432 | $42.9M | 1,155,500 | 1.8% |
| Ishares TR(MBB) | MBS ETF | 464288588 | $39.6M | 416,463 | 1.6% |
| Vanguard Index FDS(VUG) | GROWTH ETF | 922908736 | $35.5M | 73,948 | 1.5% |
| Ishares TR(FALN) | FALN ANGLS USD | 46435G474 | $31.5M | 1,133,100 | 1.3% |
| Vaneck ETF Trust(ANGL) | FALLEN ANGEL HG | 92189F437 | $31.2M | 1,049,200 | 1.3% |
| Vanguard Index FDS(VOT) | MCAP GR IDXVIP | 922908538 | $28.7M | 97,667 | 1.2% |
| Ishares TR(IMTM) | MSCI INTL MOMENT | 46434V449 | $28.0M | 585,047 | 1.2% |
| Vanguard Scottsdale FDS(VCLT) | LG-TERM COR BD | 92206C813 | $26.6M | 342,600 | 1.1% |
| Spdr Series Trust(FLRN) | BLOOMBERG INVT | 78468R200 | $25.8M | 835,100 | 1.1% |
| Ishares TR(PFF) | PFD AND INCM SEC | 464288687 | $25.0M | 791,593 | 1.0% |
| American Centy ETF TR(AVDV) | INTL SMCP VLU | 025072802 | $24.7M | 277,008 | 1.0% |
| Ishares TR(EMB) | JPMORGAN USD EMG | 464288281 | $23.6M | 248,300 | 1.0% |
| Dimensional ETF Trust(DFIV) | INTERNATNAL VAL | 25434V807 | $22.9M | 495,900 | 0.9% |
| Ishares TR(ICVT) | CONV BD ETF | 46435G102 | $22.0M | 219,900 | 0.9% |
| Ishares TR(HYDB) | HIGH YLD SYSTM B | 46435G250 | $20.5M | 427,800 | 0.8% |
| Ishares TR(FLOT) | FLTG RATE NT ETF | 46429B655 | $19.1M | 374,000 | 0.8% |
| Pimco ETF TR(BOND) | ACTIVE BD ETF | 72201R775 | $19.1M | 204,100 | 0.8% |
| J P Morgan Exchange Traded F(JBND) | ACTIVE BOND ETF | 46654Q716 | $19.0M | 351,700 | 0.8% |
| Ishares TR(ITA) | US AER DEF ETF | 464288760 | $19.0M | 90,844 | 0.8% |
| Vanguard Intl Equity Index F(VWO) | FTSE EMR MKT ETF | 922042858 | $17.4M | 320,478 | 0.7% |
| Vanguard Index FDS(VBK) | SML CP GRW ETF | 922908595 | $15.9M | 53,355 | 0.7% |
| American Centy ETF TR(AVUV) | US SML CP VALU | 025072877 | $15.6M | 157,035 | 0.6% |
| Vaneck ETF Trust(CLOI) | CLO ETF | 92189H748 | $14.1M | 265,100 | 0.6% |
| Dimensional ETF Trust(DISV) | INTL SMALL CAP V | 25434V781 | $12.7M | 356,474 | 0.5% |
| J P Morgan Exchange Traded F(BBHY) | BETABUILDERS USD | 46641Q878 | $12.5M | 265,700 | 0.5% |
| Ishares Inc(EWC) | MSCI CDA ETF | 464286509 | $12.5M | 246,674 | 0.5% |
| Global X FDS(PFFD) | US PFD ETF | 37954Y657 | $10.9M | 560,100 | 0.4% |
| Series Portfolios TR(CLOZ) | ELDRIDGE BBB B | 81752T528 | $10.8M | 403,327 | 0.4% |
| Pimco ETF TR(LONZ) | SR LN ACTIVE ETF | 72201R627 | $10.7M | 208,900 | 0.4% |
| First TR Exchange-Traded FD(FTSL) | SENIOR LN FD | 33738D309 | $10.6M | 231,800 | 0.4% |
| Vaneck ETF Trust(FLTR) | IG FLOATING RATE | 92189F486 | $10.5M | 412,000 | 0.4% |
| Flexshares TR(HYGV) | HIG YLD VL ETF | 33939L662 | $10.3M | 248,800 | 0.4% |
| First TR Exchange-Traded FD(HYLS) | FIRST TR TA HIYL | 33738D408 | $10.2M | 241,600 | 0.4% |
| Franklin Templeton ETF TR(FLBL) | SENIOR LOAN ETF | 35473P595 | $9.8M | 408,400 | 0.4% |
| Spdr Series Trust(EBND) | BLOOMBERG EMERGI | 78464A391 | $7.7M | 358,900 | 0.3% |
| First TR Exch Traded FD III(FPE) | PFD SECS INC ETF | 33739E108 | $7.5M | 412,900 | 0.3% |
| Etfis SER TR I(PFFA) | VIRTUS INFRCAP | 26923G822 | $7.1M | 325,900 | 0.3% |