Portfolio concentration
As of April 30, 2026 · N-PORT
Holdings
31
Top-10 weight
90.86%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
6
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
93.0
Holdings
As of April 30, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | ISHARES MBS ETF MUTUAL FUND | MBB | 167,347 | $15.86M | 30.99% |
| 2 | iShares Trust IBOXX USD INVST GRADE CORP | LQD | 82,209 | $8.95M | 17.48% |
| 3 | ISHARES US TREASURY BOND ETF | GOVT | 308,026 | $7.03M | 13.73% |
| 4 | JANUS HENDERSON AAA CLO ETF MUTUAL FUND | JAAA | 101,317 | $5.12M | 10.00% |
| 5 | Ishares Trust-Ishares Iiboxx $ High Yield Corporate Bond Etf | HYG US | 61,749 | $4.96M | 9.70% |
| 6 | United States Treasury Bill | — | 3,000,000 | $2.99M | 5.84% |
| 7 | ENBRIDGE INC SUBORDINATED 03/78 VAR | ENBCN | 300,000 | $301.50K | 0.59% |
| 8 | ALLY FINL. INC F2V | ALLY | 300,000 | $299.61K | 0.59% |
| 9 | Bank of America Corp., Series RR | BAC | 300,000 | $297.54K | 0.58% |
| 10 | United Airlines Pass Through Certificates, Series 2015-1 | UAL | 300,000 | $296.28K | 0.58% |
| 11 | ARES CAPITAL COR | — | 300,000 | $296.12K | 0.58% |
| 12 | MTB V3.5 PERP | MTB | 300,000 | $295.87K | 0.58% |
| 13 | AMER ELEC PWR | — | 300,000 | $295.67K | 0.58% |
| 14 | BAIN CAPITAL SPE | — | 300,000 | $294.22K | 0.57% |
| 15 | DUKE ENERGY COR | — | 300,000 | $293.75K | 0.57% |
| 16 | BLACKSTONE SEC | — | 300,000 | $292.58K | 0.57% |
| 17 | The PNC Financial Services Group, Inc. | PNC | 275,000 | $271.65K | 0.53% |
| 18 | FORD MOTOR CRED | — | 200,000 | $202.79K | 0.40% |
| 19 | US Bancorp Variable Rate, Due 12/29/2049 | USB | 200,000 | $199.40K | 0.39% |
| 20 | INTERNATIONAL GAME TECHNOLOGY PLC | BRSL | 200,000 | $199.22K | 0.39% |
| 21 | Citigroup Inc., Series Y | — | 200,000 | $198.71K | 0.39% |
| 22 | BNS 3 5/8 10/27/2081 | — | 200,000 | $197.41K | 0.39% |
| 23 | SPRINGLEAF FINANCE CORP | OMF/29 | 200,000 | $197.19K | 0.39% |
| 24 | NSANY 6 1/8 09/30/30 | NSANY | 200,000 | $197.08K | 0.39% |
| 25 | NSANY 5.55 09/13/29 | NSANY | 200,000 | $195.92K | 0.38% |
| 26 | UVN 4 1/2 05/01/29 | UVN | 200,000 | $190.89K | 0.37% |
| 27 | PENN NATL GAMING | PENN | 200,000 | $190.43K | 0.37% |
| 28 | LNW 7.5 09/01/31 144A | LNW | 175,000 | $182.45K | 0.36% |
| 29 | CORPBOND | ARMK | 175,000 | $174.74K | 0.34% |
| 30 | STATION CASINOS LLC SR UNSECURED 144A 02/28 4.5 | RRR | 175,000 | $172.59K | 0.34% |
| 31 | GM 5.7 PERP | GM | 100,000 | $98.31K | 0.19% |
| 32 | WHEAT SEP 26 | WU6 | 13 | -$12.60K | -0.02% |
| 33 | WHEAT SEP 26 | WU6 | 7 | -$13.64K | -0.03% |
| 34 | WHEAT SEP 26 | WU6 | 17 | -$28.69K | -0.06% |
| 35 | WHEAT SEP 26 | WU6 | 12 | -$50.16K | -0.10% |
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.