Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
36
Top-10 weight
56.40%
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.
23
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.
506.1
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | SABESP(CIA SANEAM BASIC)SP ADR | SBS US | 1,446,953 | $44.15M | 8.62% |
| 2 | VERALTO CORP | — | 412,522 | $36.48M | 7.12% |
| 3 | XYLEM INC | — | 304,338 | $36.37M | 7.10% |
| 4 | AMERICAN WATER WRKS COMPANY | — | 258,795 | $35.22M | 6.88% |
| 5 | SEVERN TRENT | — | 646,148 | $26.50M | 5.18% |
| 6 | ESSENTIAL UTILITIES INC | — | 640,271 | $25.78M | 5.04% |
| 7 | UNITED UTILITIES | — | 1,269,384 | $22.13M | 4.32% |
| 8 | ECOLAB INC | — | 74,907 | $19.93M | 3.89% |
| 9 | ADVANCED DRAINAGE SYSTEMS INC | — | 139,606 | $19.14M | 3.74% |
| 10 | PENTAIR PLC | — | 219,646 | $19.13M | 3.74% |
| 11 | CORE & MAIN IN-A | — | 357,052 | $17.64M | 3.45% |
| 12 | GFL ENVIRONM-SUB | — | 353,266 | $14.74M | 2.88% |
| 13 | VALMONT INDUSTRIES INC | — | 34,549 | $13.80M | 2.70% |
| 14 | MUELLER WATER PRODUCTS INC A | — | 492,046 | $13.53M | 2.64% |
| 15 | PENNON GRP PLC | — | 1,862,337 | $13.13M | 2.57% |
| 16 | VEOLIA ENVIRONNE | — | 339,875 | $12.94M | 2.53% |
| 17 | KURITA WATER INDUSTRIES LTD COMMON STOCK | 6370 | 268,500 | $12.85M | 2.51% |
| 18 | GEBERIT INTERNATINAL AG | GEBN | 16,229 | $10.96M | 2.14% |
| 19 | WATTS WATER TECH INC CL A | — | 37,346 | $10.84M | 2.12% |
| 20 | WASTE MANAGEMENT INC | — | 43,559 | $10.01M | 1.96% |
| 21 | FRANKLIN ELECTRIC CO. INC. | — | 89,959 | $8.29M | 1.62% |
| 22 | IDEX CORPORATION | — | 42,613 | $8.08M | 1.58% |
| 23 | ZURN ELKAY WATER SOLUTIONS CORP | — | 170,038 | $7.62M | 1.49% |
| 24 | FISCHER(GEO)-REG | — | 137,069 | $7.07M | 1.38% |
| 25 | BADGER METER INC | — | 43,103 | $6.57M | 1.28% |
| 26 | SJW GROUP | — | 111,777 | $6.56M | 1.28% |
| 27 | TETRA TECH INC | — | 211,001 | $6.36M | 1.24% |
| 28 | Halma PLC | — | 119,762 | $6.11M | 1.19% |
| 29 | DANAHER CORP | — | 32,035 | $6.07M | 1.19% |
| 30 | FERGUSON ENTERPRISES INC | — | 24,849 | $5.80M | 1.13% |
| 31 | STANTEC INC | — | 49,451 | $4.28M | 0.84% |
| 32 | AMER STATES WATE | — | 51,395 | $3.89M | 0.76% |
| 33 | BELIMO HOLDING-R | — | 4,756 | $3.86M | 0.75% |
| 34 | CALIF WATER SRVC | — | 85,099 | $3.86M | 0.75% |
| 35 | THERMO FISHER SCIENTIFIC INC | — | 6,992 | $3.44M | 0.67% |
| 36 | ARCADIS NV | — | 58,293 | $1.86M | 0.36% |
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