VBND ETF largest holding is NMF at 8.80% as of Jul 28, 2026

$42.89

AUM$526M

TER0.41%

Holdings175

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VBND ETF largest holding is NMF at 8.80% as of Jul 28, 2026

$42.89

Vident US Bond Strategy ETF

AUM$526M

TER0.41%

Holdings175

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

NMF is VBND's largest holding at 8.80% of the fund as of Jul 28, 2026. VBND is Vident US Bond Strategy ETF.

Showing top 50 of 177 holdings · as of Jul 28, 2026

VBND holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Sector	Industry
1	NMF	U.S. Bank Money Market Deposit Account 06/01/2031Financials · Banks	8.80%	8.8%	46,103,149	Financials	Banks
2	Debt	United States Treasury Note/Bond 5.25% 15Nov2028Utilities · Power & Renewables	8.04%	16.8%	41,215,000	Utilities	Power & Renewables
Sector and industry · Pro
3	Debt	Us Treasury N/B 11/27 6.125 6.125	3.97%	20.8%	20,310,000
4	Debt	Us Treas Bds	3.82%	24.6%	21,015,000
5	Debt	United States Govt Us Treasury N/B 08/43 4.375	3.77%	28.4%	21,720,000
6	Debt	United States Treasury Note/Bond Us Treasury N/B	3.72%	32.1%	20,035,000
7	Debt	U.S. Treasury Bonds	3.13%	35.3%	17,800,000
8	Debt	U.S. Treasury Bonds 2044-05-15	2.68%	37.9%	15,010,000
9	Debt	Us Treas Bds	2.22%	40.1%	11,930,000
10	Debt	Treasury Bond (Otr) 4.63% Nov 15, 2044	2.07%	42.2%	11,640,000
11	—	Gnma 6 2054-08-15	1.91%	44.1%	9,825,000
12	Debt	United States Treasury Note/Bond,Us Treasury N/B 1.25 2028-05-31	1.65%	45.8%	9,130,000
13	Debt	Us Treasury N/B	1.45%	47.2%	8,695,000
14	—	Umbs, 30 Year, Single Family 6 2054-08-15	1.41%	48.6%	7,300,000
15	—	Pacificorp V/R 09/15/55	1.41%	50.0%	7,360,000
16	—	Aercap Ireland Cap/Globa Company Guar 01/56 Var	1.23%	51.3%	6,400,000
17	—	Athene Holding Lt V/R 06/28/55	1.18%	52.5%	6,550,000
18	—	Fnma 30Yr Tba 6.5% Aug 23 To Be Announced 6.50000000	1.10%	53.6%	5,600,000
19	Debt	Us Treasury N/B 4.75 2/45	1.04%	54.6%	5,770,000
20	Debt	Treasury Note (Otr) 3.88% Jul 15, 2028	1.03%	55.6%	5,430,000
21	—	Blue Owl Technology Finance Corp I 6.75% Apr 04, 2029	0.97%	56.6%	5,065,000
22	—	Royal Bank Of Canada Jr Subordina 11/84 Var	0.97%	57.6%	5,340,000
23	Debt	Hiscox Ltd	0.97%	58.5%	4,860,000
24	—	Aercap Ireland Capital Dac / Aercap Global Aviation Trust Var.Rt. Corp. Bonds	0.96%	59.5%	4,900,000
25	Debt	Elect Global Investments Ltd	0.95%	60.4%	4,750,000
26	—	Fannie Mae Or Freddie Mac 7 2054-08-15	0.86%	61.3%	4,300,000
27	—	Gnma 5.5 2052-08-18	0.86%	62.2%	4,520,000
28	—	Tba Umbs Single 5.5%	0.84%	63.0%	4,425,000
29	BHF	Brighthouse Financial, Inc.	0.84%	63.8%	6,630,000
30	Debt	Us Treas Nts	0.82%	64.7%	4,300,000
31	Debt	Athene Holding Ltd Jr Subordina 10/54 Var	0.77%	65.4%	4,300,000
32	—	Edison Internatio V/R 06/15/53	0.74%	66.2%	3,810,000
33	—	Bank Of N Vrn 10/27/85	0.72%	66.9%	3,785,000
34	Debt	Us T-Note	0.72%	67.6%	4,000,000
35	—	Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01	0.70%	68.3%	3,600,000
36	Debt	Ginnie Mae	0.67%	69.0%	3,390,000
37	Debt	Blue Owl Credit	0.67%	69.7%	3,400,000
38	—	Blue Owl Credit Income 5.8% 15Mar2030	0.66%	70.3%	3,535,000
39	—	Energy Transfer Lp Energy Transfer Lp	0.63%	70.9%	3,300,000
40	—	Blue Owl Credit Income Corp 6.6% Sep 15, 2029	0.62%	71.6%	3,250,000
41	Debt	Nisource Inc	0.60%	72.2%	3,050,000
42	—	Blue Owl Credit Income Corp 6.65 2031-03-15	0.59%	72.8%	3,130,000
43	—	Ally Financial Inc 6.65% Jan 17, 2040	0.58%	73.3%	3,100,000
44	—	Canadian Imperial Bank Jr Subordina 01/85 Var	0.58%	73.9%	3,000,000
45	—	Gnma2 30Yr 5% Jan 20, 2055	0.57%	74.5%	3,040,692
46	Debt	Ginnie Mae Ii Pool	0.56%	75.0%	3,000,000
47	—	Kyndryl Holdings Inc 6.35% Feb 20, 2034	0.54%	75.6%	3,000,000
48	—	Tennessee Valley Authority 5.25% Feb 01, 2055	0.54%	76.1%	2,985,000
49	Debt	US Treasury N/b	0.54%	76.7%	3,372,000
50	—	Bank Nova Scoti 7.35 4/85	0.52%	77.2%	2,650,000
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VBND ETF All Holdings

VBND holdings total 175 positions. The top 10 holdings account for 42.2% of the fund, led by U.S. Bank Money Market Deposit Account 06/01/2031 at 8.8%, United States Treasury Note/Bond 5.25% 15Nov2028 at 8.0%, Us Treasury N/B 11/27 6.125 6.125 at 4.0%.

VBND portfolio concentration is moderate, with the top 10 representing 42.2% of total assets. The largest sector exposure is Financials at 68.3%.

VBND sectors provide a detailed breakdown. VBND overlap shows how holdings compare to other funds in your portfolio.

Compare VBND

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VBND ETF Holdings

177 of 175 holdings

Sector

Industry

Sort By

1
U.S. Bank Money Market Deposit Account 06/01/2031
NMFFinancials
8.80%
2
United States Treasury Note/Bond 5.25% 15Nov2028
T 5.25 11/15/28Utilities
8.04%
3
Us Treasury N/B 11/27 6.125 6.125
T 6.125 11/15/27Utilities
3.97%
4
Us Treas Bds 4.75% 11/15/43
T 4.75 11/15/43Financials
3.82%
5
United States Govt Us Treasury N/B 08/43 4.375
T 4.375 08/15/43Financials
3.77%
6
United States Treasury Note/Bond Us Treasury N/B
T 4.75 02/15/41Financials
3.72%
7
U.S. Treasury Bonds
T 4.5 02/15/44Financials
3.13%
8
U.S. Treasury Bonds 2044-05-15
T 4.625 05/15/44Financials
2.68%
9
Us Treas Bds 5% 05/15/45
T 5 05/15/45Utilities
2.22%
10
Treasury Bond (Otr) 4.63% Nov 15, 2044
T 4.625 11/15/44Financials
2.07%
11
Gnma 6 2054-08-15
G2SF 6 8/11Financials
1.91%
12
United States Treasury Note/Bond,Us Treasury N/B 1.25 2028-05-31
T 1.25 05/31/28Financials
1.65%
13
Us Treasury N/B 4 11/15/2042
T 4 11/15/42Financials
1.45%
14
Umbs, 30 Year, Single Family 6 2054-08-15
FNCL 6 8/11Financials
1.41%
15
Pacificorp V/R 09/15/55
BRKHEC V7.375 09/15/Utilities
1.41%
16
Aercap Ireland Cap/Globa Company Guar 01/56 Var
AER V6.5 01/31/56Financials
1.23%
17
Athene Holding Lt V/R 06/28/55
ATH V6.875 06/28/55Financials
1.18%
18
Fnma 30Yr Tba 6.5% Aug 23 To Be Announced 6.50000000
FNCL 6.5 8/11Financials
1.10%
19
Us Treasury N/B 4.75 2/45
T 4.75 02/15/45Financials
1.04%
20
Treasury Note (Otr) 3.88% Jul 15, 2028
T 3.875 07/15/28Financials
1.03%
21
Blue Owl Technology Finance Corp I 6.75% Apr 04, 2029
OTF 6.75 04/04/29Financials
0.97%
22
Royal Bank Of Canada Jr Subordina 11/84 Var
RY V6.35 11/24/84Financials
0.97%
23
Hiscox Ltd 7% 06/11/2036
Other
0.97%
24
Aercap Ireland Capital Dac / Aercap Global Aviation Trust Var.Rt. Corp. Bonds
AER V6.95 03/10/55Financials
0.96%
25
Elect Global Investments Ltd 7.2% 09/11/2174
Other
0.95%
26
Fannie Mae Or Freddie Mac 7 2054-08-15
FNCL 7 8/11Financials
0.86%
27
Gnma 5.5 2052-08-18
G2SF 5.5 8/11Financials
0.86%
28
Tba Umbs Single 5.5%
FNCL 5.5 8/11Financials
0.84%
29
Brighthouse Financial, Inc.
BHF 4.7 06/22/47Financials
0.84%
30
Us Treas Nts 3.875% 06/15/28
T 3.875 06/15/28Financials
0.82%
31
Athene Holding Ltd Jr Subordina 10/54 Var 6.625% 10/15/2054
ATH V6.625 10/15/54Financials
0.77%
32
Edison Internatio V/R 06/15/53
EIX V8.125 06/15/53Utilities
0.74%
33
Bank Of N Vrn 10/27/85
Other
0.72%
34
Us T-Note 1.25% 6/30/28
T 1.25 06/30/28Financials
0.72%
35
Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01
NEE V6.7 09/01/54Utilities
0.70%
36
Ginnie Mae 6.5% 08/15/2053
G2SF 6.5 8/11Financials
0.67%
37
Blue Owl Credit 7.75% 01/15/29
OCINCC 7.75 01/15/29Financials
0.67%
38
Blue Owl Credit Income 5.8% 15Mar2030
OCINCC 5.8 03/15/30Financials
0.66%
39
Energy Transfer Lp Energy Transfer Lp
ET V6.5 02/15/56Energy
0.63%
40
Blue Owl Credit Income Corp 6.6% Sep 15, 2029
OCINCC 6.6 09/15/29Financials
0.62%
41
Nisource Inc. 6.95 11/30/2054
NI V6.95 11/30/54Utilities
0.60%
42
Blue Owl Credit Income Corp 6.65 2031-03-15
OCINCC 6.65 03/15/31Financials
0.59%
43
Ally Financial Inc 6.65% Jan 17, 2040
ALLY V6.646 01/17/40Financials
0.58%
44
Canadian Imperial Bank Jr Subordina 01/85 Var
CM V6.95 01/28/85Financials
0.58%
45
Gnma2 30Yr 5% Jan 20, 2055
G2 MB0146Financials
0.57%
46
Ginnie Mae Ii Pool 5% 07/20/2056
Other
0.56%
47
Kyndryl Holdings Inc 6.35% Feb 20, 2034
KD 6.35 02/20/34Information Technology
0.54%
48
Tennessee Valley Authority 5.25% Feb 01, 2055
TVA 5.25 02/01/55Utilities
0.54%
49
US Treasury N/b 3.75 11/15/2043
T 3.75 11/15/43Financials
0.54%
50
Bank Nova Scoti 7.35 4/85
BNS V7.35 04/27/85Financials
0.52%
51
Fannie Maefannie Mae Pool 06/01/2052
FN MA4626Financials
0.52%
52
Et V6.75 02/15/56 Corp
ET V6.75 02/15/56Energy
0.51%
53
Fannie Mae Pool 6.5% 04/01/2054
FN FS7877Financials
0.51%
54
Lyb International Finance Iii Llc
LYB 4.2 10/15/49Financials
0.50%
55
Fn Ma4644 4 5/1/52
FN MA4644Financials
0.49%
56
Fnma Pool Ma5585 Fn 01/55 Fixed 5
FN MA5585Financials
0.49%
57
Synovus Bank Ga Subordinated 01/36 Var
Other
0.47%
58
Lyb Int Finance Iii Company Guar 01/36 5.875
Other
0.46%
59
Us Treasury N/Bunited States Treasury Note/Bond 05/15/2043
T 3.875 05/15/43Financials
0.45%
60
Evergy Inc Subordinated 06/55 Var
EVRG V6.65 06/01/55Utilities
0.44%
61
Continental Resources Inc/ok
CLR 4.9 06/01/44Energy
0.43%
62
Dominion Energy Inc 6.88 02/01/2055
D V6.875 02/01/55 AUtilities
0.43%
63
Gnma Ii Pool Mb0425 6.00 2055-06-20
G2 MB0425Financials
0.42%
64
Tennessee Valley Authority 5.375% 2056-04-01
TVA 5.375 04/01/56Utilities
0.41%
65
Bank Of Montreal Jr Subordina 11/85 Var
BMO V6.875 11/26/85 Financials
0.40%
66
Dominion Energy Inc Jr Subordina 02/56 Var 6.5 08/06/2025
D V6 02/15/56 **Utilities
0.40%
67
Nextera Energy Capital Holdings Inc
NEE V4.8 12/01/77Utilities
0.40%
68
Dominion Energy, Inc. 6.625 05/14/2055
D V6.625 05/15/55Utilities
0.39%
69
Lyb Int Finance Iii 3.375 10/01/2040
LYB 3.375 10/01/40Financials
0.39%
70
Entergy Corp 7.13% 01Dec2054
ETR V7.125 12/01/54Utilities
0.38%
71
Royal Bank Of Canada 6.500% Flt 11/24/85
Other
0.38%
72
Blackstone Private Credit Fund 6 2034-11-22
BCRED 6 11/22/34Financials
0.37%
73
Gnma2 30Yr 6.5% Sep 20, 2055
Other
0.37%
74
Ha Sustainable Inf Cap Company Guar 07/34 6.375
HASI 6.375 07/01/34Financials
0.37%
75
Fannie Mae Pool 4% 04/01/2052
FN BV7232Financials
0.36%
76
Blue Owl Capital Corp 6.2 15-July-2030 Senior
OBDC 6.2 07/15/30Financials
0.36%
77
Tennessee Valley Authority 6.15% 2038-01-15
TVA 6.15 01/15/38Utilities
0.36%
78
Apollo Global Management, 6 12/14/2054
APO V6 12/15/54Financials
0.35%
79
Ginnie Mae Ii Pool 4.5% 12/20/2055
Other
0.35%
80
Ares Strategic Income Fund 5.6 2030-02-15
ARESSI 5.6 02/15/30Financials
0.34%
81
Sempra Variable Rate, Due 10/01/2054
SRE V6.4 10/01/54Utilities
0.34%
82
Tennessee Valley Auth 3.5% 12/15/2042
TVA 3.5 12/15/42Utilities
0.33%
83
Ally Financial, Inc. 6.70%, 02/14/33
ALLY 6.7 02/14/33Financials
0.32%
84
Freddie Mac Pool 3% 12/01/2053
Other
0.32%
85
Sempra Jr Subordina 04/55 Var %
SRE V6.55 04/01/55Utilities
0.32%
86
Energy Transfer Lp Regd V/R 8.00000000
ET V8 05/15/54Energy
0.31%
87
Equitable Holdings Inc 6.700% Flt 03/28/55
EQH V6.7 03/28/55Financials
0.31%
88
Ares Strategic Income Fund 5.45% 09/09/2028
Other
0.30%
89
Ginnie Mae 7 2054-08-20
Other
0.30%
90
Glaukos Corp Sr Nt Conv 2027-06-15
G2SF 5 8/11Financials
0.29%
91
Dominion Energy, Inc. 6.2 02/14/2056
D V6.2 02/15/56Utilities
0.29%
92
Enterprise Products Oper 5.375% 2/15/2078
EPD V5.375 02/15/78Energy
0.29%
93
Fandg Annuities And Life Inc Company Guar 10/34 6.25
FG 6.25 10/04/34Financials
0.29%
94
Tenn Valley Authority 5.25% 9/15/2039
TVA 5.25 09/15/39Utilities
0.28%
95
Zions Bancorporation N.A.11-19-20356.816
ZION V6.816 11/19/35Financials
0.28%
96
Ginnie Mae
G2SF 4.5 8/11Financials
0.27%
97
Exelon Corporation 6.5% Mar 15, 2055
EXC V6.5 03/15/55Utilities
0.27%
98
Reinsurance Grp Of Amer Subordinated 09/55 Var 6.65% 09/15/2055
RGA V6.65 09/15/55Financials
0.27%
99
Umbs, 30 Year, Single Family 4.5 2050-08-01
FNCL 4.5 8/11Financials
0.26%
100
American Electric Power Co Inc 0.0605 03/f15/2056
Other
0.26%
101
American Assets Trust Lp Company Guar 10/34 6.15
AAT 6.15 10/01/34Real Estate
0.25%
102
F And G Annuities And Life Inc Corp. Note
FG 6.5 06/04/29Financials
0.25%
103
Freddie Mac Pool 5.5% 01/01/2055
Other
0.25%
104
Blackstone Private Credit Fund 6% Jan 29, 2032
BCRED 6 01/29/32Financials
0.24%
105
Cms Energy Corp 6.5 2055-06-01
CMS V6.5 06/01/55Utilities
0.24%
106
Metlife Inc
MET 10.75 08/01/39Financials
0.24%
107
Sempra 6.88% Oct 01, 2054
SRE V6.875 10/01/54Utilities
0.24%
108
Encana Corp.
OVV 7.375 11/01/31Energy
0.23%
109
Ally Financial In V/R 07/31/33 5.548 2033-07-31
ALLY V5.548 07/31/33Financials
0.23%
110
Entergy Corp Variable Rate, Due 06/15/2056
Other
0.23%
111
Ha Sustainable 6.15% 01/15/31
HASI 6.15 01/15/31Financials
0.23%
112
Lyb International Finance Iii Llc 4.2% 01-May-2050
LYB 4.2 05/01/50Financials
0.23%
113
Nisource Inc Variable Rate, Due 03/31/2055
NI V6.375 03/31/55Utilities
0.23%
114
Allstate Corp/the
ALL V6.5 05/15/57Financials
0.22%
115
Ares Strategic Income Fund 6.2 2032-03-21
ARESSI 6.2 03/21/32Financials
0.22%
116
Canadian Imperial Bank 7.000% Flt 10/28/85
CM V7 10/28/85Financials
0.22%
117
Ares Strategic Income Fund 5.15% 01/15/2031
Other
0.22%
118
American Electric V/R 12/15/54
AEP V6.95 12/15/54Utilities
0.21%
119
Apollo Debt Solutions Bdc 6.55% Mar 15, 2032
Other
0.21%
120
BGC Group Inc 6.15 04/02/2030
Other
0.21%
121
Federal National Mortgage Association 5.625 07/15/2037
FNMA 5.625 07/15/37Financials
0.21%
122
Tennessee Valley Authority
TVA 5.88 04/01/36Utilities
0.21%
123
Tenn Valley Auth 3.875 03/15/2028
TVA 3.875 03/15/28Utilities
0.21%
124
Alliant Energy Corp 0.0575 04/F01/2056
Other
0.19%
125
Fannie Mae Or Freddie Mac 2050-08-15
FNCL 5 8/11Financials
0.19%
126
Entergy Corporation 5.875 06/15/2056 5.875 2056-06-15
Other
0.19%
127
Lyb Int Finance Iii Company Guar 05/35 6.15 6.15% 05/15/2035
LYB 6.15 05/15/35Financials
0.19%
128
United States Treasuryu.S. Treasury Notes 08/31/2028
T 4.375 08/31/28Financials
0.19%
129
Apa Corp (Us) 5.1% Sep 01, 2040
Other
0.18%
130
Blackstone Private Credit Fund Callable Notes 6.25% 01/25/2031
BCRED 6.25 01/25/31Financials
0.18%
131
Kyndryl Holdings 4.1 10/15/2041
KD 4.1 10/15/41Information Technology
0.18%
132
Apollo Debt Solutions Bdc 6.7% Jul 29, 2031
APODS 6.7 07/29/31Financials
0.17%
133
Ares Capital Corp Regd 3.20000000
ARCC 3.2 11/15/31Financials
0.17%
134
Hps Corporate Lending Fund Callable Notes Fixed
HLEND 6.75 01/30/29Financials
0.17%
135
American Assets Trust Lp 3.375 02/01/2031
AAT 3.375 02/01/31Real Estate
0.16%
136
Apollo Debt Solutions Bdc 6.9% Apr 13, 2029
APODS 6.9 04/13/29Financials
0.16%
137
Brookfield Finance Inc Regd V/R 6.30000000
BNCN V6.3 01/15/55Financials
0.16%
138
Capital One Financial Corp 6.183% 01/30/2036
COF V6.183 01/30/36Financials
0.16%
139
Duke Energy Corp Jr Subordina 09/54 Var
DUK V6.45 09/01/54Utilities
0.16%
140
Fannie Mae 0.75 10/08/2027
FNMA 0.75 10/08/27Financials
0.16%
141
Edison International 5.25% Mar 15, 2032
EIX 5.25 03/15/32Utilities
0.15%
142
Occidental Petroleum Corp. 6.600 03/15/2046
OXY 6.6 03/15/46Energy
0.15%
143
Sempra 6.375% Flt 04/01/56
SRE V6.375 04/01/56Utilities
0.15%
144
Western Midstream Operating Lp 5.3 03/01/2048
WES 5.3 03/01/48Energy
0.15%
145
Ares Capital Corp 5.8 03/08/2032
ARCC 5.8 03/08/32Financials
0.14%
146
Synchrony Financial 6% Jul 29, 2036 6 2036-07-29
SYF V6 07/29/36Financials
0.14%
147
Conagra Brands Inc
CAG 5.4 11/01/48Consumer Staples
0.13%
148
Edison International Sr Unsecured 11/29 6.95
EIX 6.95 11/15/29Utilities
0.13%
149
Occidental Petroleum Corp 6.2 03/15/2040
OXY 6.2 03/15/40Energy
0.13%
150
Western Midstream Operating Lp Sr Unsec 5.45% 04-01-44
WES 5.45 04/01/44Energy
0.13%
151
Western Midstream Operating Lp 5.25% 2/1/2050
WES 5.25 02/01/50Energy
0.13%
152
Nanshan Life Pte Ltd 5.875% 03/17/2041
Other
0.13%
153
American Electric Power C 5.8 03/14/2056
Other
0.12%
154
Prudential Financial Inc 03/11/2024 Var 03/15/2054
PRU V6.5 03/15/54Financials
0.12%
155
Nextera Energy Ca V/R 06/15/54
NEE V6.75 06/15/54Utilities
0.11%
156
Sierra Pacific Power Company 6.38% Sep 15, 2056 6.38 2056-09-15
Other
0.11%
157
Tennessee Valley Authority
TVA 4.625 09/15/60Utilities
0.11%
158
Athene Global Funding Mtn Mar 7, 2029 5.11
ATH 6.625 05/19/55Financials
0.10%
159
Energy Transfer Operating Lp
ET 6.25 04/15/49Energy
0.10%
160
Glp Capital Lp 5.75% Nov 01, 2037
GLPI 5.75 11/01/37Real Estate
0.10%
161
Huntington Bancshares, 2.487% 15aug2036, USD
HBAN V2.487 08/15/36Financials
0.10%
162
Prudential Fin 6.75 03/01/2053
PRU V6.75 03/01/53Financials
0.10%
163
Fnb Corp/Pa 5.722 12/11/2030
FNB V5.722 12/11/30Financials
0.09%
164
BLACKSTONE SECURED LEND SR UNSECURED 01/31 5.125 5.125 2031-01-31
Other
0.07%
165
Sunoco Logistics Partners Operations Lp
ET 5.35 05/15/45Energy
0.07%
166
Tenn Valley Authority N/C, 4.375%, Due 08/01/2034
TVA 4.375 08/01/34Utilities
0.07%
167
Hf Sinclair Corp 6.25% Jan 15, 2035
DINO 6.25 01/15/35Energy
0.06%
168
Helmerich + Payne Inc Company Guar 12/34 5.5 5.5 2034-12-01
HP 5.5 12/01/34Energy
0.06%
169
Umbs Tba
FNCL 4 8/11Financials
0.04%
170
Lyb International Finance Iii Llc 3.63% Apr 01, 2051
LYB 3.625 04/01/51Financials
0.04%
171
Ginnie Mae
G2SF 4 8/11Financials
0.03%
172
Encana Corp.
OVV 6.5 08/15/34Energy
0.03%
173
Humana Inc 6% May 01, 2055
HUM 6 05/01/55Health Care
0.03%
174
Hasbro Inc. 6.35% 03/15/2040
HAS 6.35 03/15/40Consumer Discretionary
0.02%
175
Lyb International Finance Iii Llc 3.8% Oct 01, 2060
LYB 3.8 10/01/60Financials
0.02%
176
Fhlb 5.5% 07/15/36
FHLB 5.5 07/15/36Financials
0.00%
177
Cash & Other
Other
-7.15%

#	Company	Ticker	Weight
1	U.S. Bank Money Market Deposit Account 06/01/2031	NMF	8.800%
2	United States Treasury Note/Bond 5.25% 15Nov2028	T 5.25 11/15/28	8.040%
3	Us Treasury N/B 11/27 6.125 6.125	T 6.125 11/15/27	3.970%
4	Us Treas Bds 4.75% 11/15/43	T 4.75 11/15/43	3.820%
5	United States Govt Us Treasury N/B 08/43 4.375	T 4.375 08/15/43	3.770%
6	United States Treasury Note/Bond Us Treasury N/B	T 4.75 02/15/41	3.720%
7	U.S. Treasury Bonds	T 4.5 02/15/44	3.130%
8	U.S. Treasury Bonds 2044-05-15	T 4.625 05/15/44	2.680%
9	Us Treas Bds 5% 05/15/45	T 5 05/15/45	2.220%
10	Treasury Bond (Otr) 4.63% Nov 15, 2044	T 4.625 11/15/44	2.070%
11	Gnma 6 2054-08-15	G2SF 6 8/11	1.910%
12	United States Treasury Note/Bond,Us Treasury N/B 1.25 2028-05-31	T 1.25 05/31/28	1.650%
13	Us Treasury N/B 4 11/15/2042	T 4 11/15/42	1.450%
14	Umbs, 30 Year, Single Family 6 2054-08-15	FNCL 6 8/11	1.410%
15	Pacificorp V/R 09/15/55	BRKHEC V7.375 09/15/	1.410%
16	Aercap Ireland Cap/Globa Company Guar 01/56 Var	AER V6.5 01/31/56	1.230%
17	Athene Holding Lt V/R 06/28/55	ATH V6.875 06/28/55	1.180%
18	Fnma 30Yr Tba 6.5% Aug 23 To Be Announced 6.50000000	FNCL 6.5 8/11	1.100%
19	Us Treasury N/B 4.75 2/45	T 4.75 02/15/45	1.040%
20	Treasury Note (Otr) 3.88% Jul 15, 2028	T 3.875 07/15/28	1.030%
21	Blue Owl Technology Finance Corp I 6.75% Apr 04, 2029	OTF 6.75 04/04/29	0.970%
22	Royal Bank Of Canada Jr Subordina 11/84 Var	RY V6.35 11/24/84	0.970%
23	Hiscox Ltd 7% 06/11/2036	-	0.970%
24	Aercap Ireland Capital Dac / Aercap Global Aviation Trust Var.Rt. Corp. Bonds	AER V6.95 03/10/55	0.960%
25	Elect Global Investments Ltd 7.2% 09/11/2174	-	0.950%
26	Fannie Mae Or Freddie Mac 7 2054-08-15	FNCL 7 8/11	0.860%
27	Gnma 5.5 2052-08-18	G2SF 5.5 8/11	0.860%
28	Tba Umbs Single 5.5%	FNCL 5.5 8/11	0.840%
29	Brighthouse Financial, Inc.	BHF 4.7 06/22/47	0.840%
30	Us Treas Nts 3.875% 06/15/28	T 3.875 06/15/28	0.820%
31	Athene Holding Ltd Jr Subordina 10/54 Var 6.625% 10/15/2054	ATH V6.625 10/15/54	0.770%
32	Edison Internatio V/R 06/15/53	EIX V8.125 06/15/53	0.740%
33	Bank Of N Vrn 10/27/85	-	0.720%
34	Us T-Note 1.25% 6/30/28	T 1.25 06/30/28	0.720%
35	Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01	NEE V6.7 09/01/54	0.700%
36	Ginnie Mae 6.5% 08/15/2053	G2SF 6.5 8/11	0.670%
37	Blue Owl Credit 7.75% 01/15/29	OCINCC 7.75 01/15/29	0.670%
38	Blue Owl Credit Income 5.8% 15Mar2030	OCINCC 5.8 03/15/30	0.660%
39	Energy Transfer Lp Energy Transfer Lp	ET V6.5 02/15/56	0.630%
40	Blue Owl Credit Income Corp 6.6% Sep 15, 2029	OCINCC 6.6 09/15/29	0.620%
41	Nisource Inc. 6.95 11/30/2054	NI V6.95 11/30/54	0.600%
42	Blue Owl Credit Income Corp 6.65 2031-03-15	OCINCC 6.65 03/15/31	0.590%
43	Ally Financial Inc 6.65% Jan 17, 2040	ALLY V6.646 01/17/40	0.580%
44	Canadian Imperial Bank Jr Subordina 01/85 Var	CM V6.95 01/28/85	0.580%
45	Gnma2 30Yr 5% Jan 20, 2055	G2 MB0146	0.570%
46	Ginnie Mae Ii Pool 5% 07/20/2056	-	0.560%
47	Kyndryl Holdings Inc 6.35% Feb 20, 2034	KD 6.35 02/20/34	0.540%
48	Tennessee Valley Authority 5.25% Feb 01, 2055	TVA 5.25 02/01/55	0.540%
49	US Treasury N/b 3.75 11/15/2043	T 3.75 11/15/43	0.540%
50	Bank Nova Scoti 7.35 4/85	BNS V7.35 04/27/85	0.520%
51	Fannie Maefannie Mae Pool 06/01/2052	FN MA4626	0.520%
52	Et V6.75 02/15/56 Corp	ET V6.75 02/15/56	0.510%
53	Fannie Mae Pool 6.5% 04/01/2054	FN FS7877	0.510%
54	Lyb International Finance Iii Llc	LYB 4.2 10/15/49	0.500%
55	Fn Ma4644 4 5/1/52	FN MA4644	0.490%
56	Fnma Pool Ma5585 Fn 01/55 Fixed 5	FN MA5585	0.490%
57	Synovus Bank Ga Subordinated 01/36 Var	-	0.470%
58	Lyb Int Finance Iii Company Guar 01/36 5.875	-	0.460%
59	Us Treasury N/Bunited States Treasury Note/Bond 05/15/2043	T 3.875 05/15/43	0.450%
60	Evergy Inc Subordinated 06/55 Var	EVRG V6.65 06/01/55	0.440%
61	Continental Resources Inc/ok	CLR 4.9 06/01/44	0.430%
62	Dominion Energy Inc 6.88 02/01/2055	D V6.875 02/01/55 A	0.430%
63	Gnma Ii Pool Mb0425 6.00 2055-06-20	G2 MB0425	0.420%
64	Tennessee Valley Authority 5.375% 2056-04-01	TVA 5.375 04/01/56	0.410%
65	Bank Of Montreal Jr Subordina 11/85 Var	BMO V6.875 11/26/85	0.400%
66	Dominion Energy Inc Jr Subordina 02/56 Var 6.5 08/06/2025	D V6 02/15/56 **	0.400%
67	Nextera Energy Capital Holdings Inc	NEE V4.8 12/01/77	0.400%
68	Dominion Energy, Inc. 6.625 05/14/2055	D V6.625 05/15/55	0.390%
69	Lyb Int Finance Iii 3.375 10/01/2040	LYB 3.375 10/01/40	0.390%
70	Entergy Corp 7.13% 01Dec2054	ETR V7.125 12/01/54	0.380%
71	Royal Bank Of Canada 6.500% Flt 11/24/85	-	0.380%
72	Blackstone Private Credit Fund 6 2034-11-22	BCRED 6 11/22/34	0.370%
73	Gnma2 30Yr 6.5% Sep 20, 2055	-	0.370%
74	Ha Sustainable Inf Cap Company Guar 07/34 6.375	HASI 6.375 07/01/34	0.370%
75	Fannie Mae Pool 4% 04/01/2052	FN BV7232	0.360%
76	Blue Owl Capital Corp 6.2 15-July-2030 Senior	OBDC 6.2 07/15/30	0.360%
77	Tennessee Valley Authority 6.15% 2038-01-15	TVA 6.15 01/15/38	0.360%
78	Apollo Global Management, 6 12/14/2054	APO V6 12/15/54	0.350%
79	Ginnie Mae Ii Pool 4.5% 12/20/2055	-	0.350%
80	Ares Strategic Income Fund 5.6 2030-02-15	ARESSI 5.6 02/15/30	0.340%
81	Sempra Variable Rate, Due 10/01/2054	SRE V6.4 10/01/54	0.340%
82	Tennessee Valley Auth 3.5% 12/15/2042	TVA 3.5 12/15/42	0.330%
83	Ally Financial, Inc. 6.70%, 02/14/33	ALLY 6.7 02/14/33	0.320%
84	Freddie Mac Pool 3% 12/01/2053	-	0.320%
85	Sempra Jr Subordina 04/55 Var %	SRE V6.55 04/01/55	0.320%
86	Energy Transfer Lp Regd V/R 8.00000000	ET V8 05/15/54	0.310%
87	Equitable Holdings Inc 6.700% Flt 03/28/55	EQH V6.7 03/28/55	0.310%
88	Ares Strategic Income Fund 5.45% 09/09/2028	-	0.300%
89	Ginnie Mae 7 2054-08-20	-	0.300%
90	Glaukos Corp Sr Nt Conv 2027-06-15	G2SF 5 8/11	0.290%
91	Dominion Energy, Inc. 6.2 02/14/2056	D V6.2 02/15/56	0.290%
92	Enterprise Products Oper 5.375% 2/15/2078	EPD V5.375 02/15/78	0.290%
93	Fandg Annuities And Life Inc Company Guar 10/34 6.25	FG 6.25 10/04/34	0.290%
94	Tenn Valley Authority 5.25% 9/15/2039	TVA 5.25 09/15/39	0.280%
95	Zions Bancorporation N.A.11-19-20356.816	ZION V6.816 11/19/35	0.280%
96	Ginnie Mae	G2SF 4.5 8/11	0.270%
97	Exelon Corporation 6.5% Mar 15, 2055	EXC V6.5 03/15/55	0.270%
98	Reinsurance Grp Of Amer Subordinated 09/55 Var 6.65% 09/15/2055	RGA V6.65 09/15/55	0.270%
99	Umbs, 30 Year, Single Family 4.5 2050-08-01	FNCL 4.5 8/11	0.260%
100	American Electric Power Co Inc 0.0605 03/f15/2056	-	0.260%
101	American Assets Trust Lp Company Guar 10/34 6.15	AAT 6.15 10/01/34	0.250%
102	F And G Annuities And Life Inc Corp. Note	FG 6.5 06/04/29	0.250%
103	Freddie Mac Pool 5.5% 01/01/2055	-	0.250%
104	Blackstone Private Credit Fund 6% Jan 29, 2032	BCRED 6 01/29/32	0.240%
105	Cms Energy Corp 6.5 2055-06-01	CMS V6.5 06/01/55	0.240%
106	Metlife Inc	MET 10.75 08/01/39	0.240%
107	Sempra 6.88% Oct 01, 2054	SRE V6.875 10/01/54	0.240%
108	Encana Corp.	OVV 7.375 11/01/31	0.230%
109	Ally Financial In V/R 07/31/33 5.548 2033-07-31	ALLY V5.548 07/31/33	0.230%
110	Entergy Corp Variable Rate, Due 06/15/2056	-	0.230%
111	Ha Sustainable 6.15% 01/15/31	HASI 6.15 01/15/31	0.230%
112	Lyb International Finance Iii Llc 4.2% 01-May-2050	LYB 4.2 05/01/50	0.230%
113	Nisource Inc Variable Rate, Due 03/31/2055	NI V6.375 03/31/55	0.230%
114	Allstate Corp/the	ALL V6.5 05/15/57	0.220%
115	Ares Strategic Income Fund 6.2 2032-03-21	ARESSI 6.2 03/21/32	0.220%
116	Canadian Imperial Bank 7.000% Flt 10/28/85	CM V7 10/28/85	0.220%
117	Ares Strategic Income Fund 5.15% 01/15/2031	-	0.220%
118	American Electric V/R 12/15/54	AEP V6.95 12/15/54	0.210%
119	Apollo Debt Solutions Bdc 6.55% Mar 15, 2032	-	0.210%
120	BGC Group Inc 6.15 04/02/2030	-	0.210%
121	Federal National Mortgage Association 5.625 07/15/2037	FNMA 5.625 07/15/37	0.210%
122	Tennessee Valley Authority	TVA 5.88 04/01/36	0.210%
123	Tenn Valley Auth 3.875 03/15/2028	TVA 3.875 03/15/28	0.210%
124	Alliant Energy Corp 0.0575 04/F01/2056	-	0.190%
125	Fannie Mae Or Freddie Mac 2050-08-15	FNCL 5 8/11	0.190%
126	Entergy Corporation 5.875 06/15/2056 5.875 2056-06-15	-	0.190%
127	Lyb Int Finance Iii Company Guar 05/35 6.15 6.15% 05/15/2035	LYB 6.15 05/15/35	0.190%
128	United States Treasuryu.S. Treasury Notes 08/31/2028	T 4.375 08/31/28	0.190%
129	Apa Corp (Us) 5.1% Sep 01, 2040	-	0.180%
130	Blackstone Private Credit Fund Callable Notes 6.25% 01/25/2031	BCRED 6.25 01/25/31	0.180%
131	Kyndryl Holdings 4.1 10/15/2041	KD 4.1 10/15/41	0.180%
132	Apollo Debt Solutions Bdc 6.7% Jul 29, 2031	APODS 6.7 07/29/31	0.170%
133	Ares Capital Corp Regd 3.20000000	ARCC 3.2 11/15/31	0.170%
134	Hps Corporate Lending Fund Callable Notes Fixed	HLEND 6.75 01/30/29	0.170%
135	American Assets Trust Lp 3.375 02/01/2031	AAT 3.375 02/01/31	0.160%
136	Apollo Debt Solutions Bdc 6.9% Apr 13, 2029	APODS 6.9 04/13/29	0.160%
137	Brookfield Finance Inc Regd V/R 6.30000000	BNCN V6.3 01/15/55	0.160%
138	Capital One Financial Corp 6.183% 01/30/2036	COF V6.183 01/30/36	0.160%
139	Duke Energy Corp Jr Subordina 09/54 Var	DUK V6.45 09/01/54	0.160%
140	Fannie Mae 0.75 10/08/2027	FNMA 0.75 10/08/27	0.160%
141	Edison International 5.25% Mar 15, 2032	EIX 5.25 03/15/32	0.150%
142	Occidental Petroleum Corp. 6.600 03/15/2046	OXY 6.6 03/15/46	0.150%
143	Sempra 6.375% Flt 04/01/56	SRE V6.375 04/01/56	0.150%
144	Western Midstream Operating Lp 5.3 03/01/2048	WES 5.3 03/01/48	0.150%
145	Ares Capital Corp 5.8 03/08/2032	ARCC 5.8 03/08/32	0.140%
146	Synchrony Financial 6% Jul 29, 2036 6 2036-07-29	SYF V6 07/29/36	0.140%
147	Conagra Brands Inc	CAG 5.4 11/01/48	0.130%
148	Edison International Sr Unsecured 11/29 6.95	EIX 6.95 11/15/29	0.130%
149	Occidental Petroleum Corp 6.2 03/15/2040	OXY 6.2 03/15/40	0.130%
150	Western Midstream Operating Lp Sr Unsec 5.45% 04-01-44	WES 5.45 04/01/44	0.130%
151	Western Midstream Operating Lp 5.25% 2/1/2050	WES 5.25 02/01/50	0.130%
152	Nanshan Life Pte Ltd 5.875% 03/17/2041	-	0.130%
153	American Electric Power C 5.8 03/14/2056	-	0.120%
154	Prudential Financial Inc 03/11/2024 Var 03/15/2054	PRU V6.5 03/15/54	0.120%
155	Nextera Energy Ca V/R 06/15/54	NEE V6.75 06/15/54	0.110%
156	Sierra Pacific Power Company 6.38% Sep 15, 2056 6.38 2056-09-15	-	0.110%
157	Tennessee Valley Authority	TVA 4.625 09/15/60	0.110%
158	Athene Global Funding Mtn Mar 7, 2029 5.11	ATH 6.625 05/19/55	0.100%
159	Energy Transfer Operating Lp	ET 6.25 04/15/49	0.100%
160	Glp Capital Lp 5.75% Nov 01, 2037	GLPI 5.75 11/01/37	0.100%
161	Huntington Bancshares, 2.487% 15aug2036, USD	HBAN V2.487 08/15/36	0.100%
162	Prudential Fin 6.75 03/01/2053	PRU V6.75 03/01/53	0.100%
163	Fnb Corp/Pa 5.722 12/11/2030	FNB V5.722 12/11/30	0.090%
164	BLACKSTONE SECURED LEND SR UNSECURED 01/31 5.125 5.125 2031-01-31	-	0.070%
165	Sunoco Logistics Partners Operations Lp	ET 5.35 05/15/45	0.070%
166	Tenn Valley Authority N/C, 4.375%, Due 08/01/2034	TVA 4.375 08/01/34	0.070%
167	Hf Sinclair Corp 6.25% Jan 15, 2035	DINO 6.25 01/15/35	0.060%
168	Helmerich + Payne Inc Company Guar 12/34 5.5 5.5 2034-12-01	HP 5.5 12/01/34	0.060%
169	Umbs Tba	FNCL 4 8/11	0.040%
170	Lyb International Finance Iii Llc 3.63% Apr 01, 2051	LYB 3.625 04/01/51	0.040%
171	Ginnie Mae	G2SF 4 8/11	0.030%
172	Encana Corp.	OVV 6.5 08/15/34	0.030%
173	Humana Inc 6% May 01, 2055	HUM 6 05/01/55	0.030%
174	Hasbro Inc. 6.35% 03/15/2040	HAS 6.35 03/15/40	0.020%
175	Lyb International Finance Iii Llc 3.8% Oct 01, 2060	LYB 3.8 10/01/60	0.020%
176	Fhlb 5.5% 07/15/36	FHLB 5.5 07/15/36	0.000%
177	Cash & Other	-	-7.150%