Portfolio concentration
As of February 28, 2026 ·
N-PORT
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.
29
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.
9.7
Holdings
As of February 28, 2026 · N-PORT
| # | Security | Ticker | Shares | Value | % of fund |
|---|
| 1 |
CALIFORNIA ST EDU FAC |
CASEDU |
2,000,000 |
$2.30M |
6.91% |
| 2 |
SAN JOSE FINANCING AUTHORITY SJSUTL 11/52 FIXED 5 |
SJSUTL |
1,500,000 |
$1.59M |
4.77% |
| 3 |
SAN DIEGO PUB FACS-A |
SDOUTL |
1,500,000 |
$1.58M |
4.73% |
| 4 |
Regents of the University of California Medical Center Pooled Revenue |
— |
1,560,000 |
$1.56M |
4.68% |
| 5 |
LOS ANGELES WSTWTR-A |
LOSUTL |
1,500,000 |
$1.53M |
4.58% |
| 6 |
SAN MATEO FOSTER CITY CA PUBLIC FING AUTH WSTWTR REVENUE |
SMFFAC |
1,500,000 |
$1.50M |
4.52% |
| 7 |
SAN FRANCISCO CA BAY AREA RAPI REGD B/E 5.00000000 |
SFOTRN |
1,300,000 |
$1.35M |
4.06% |
| 8 |
SAN DIEGO UNIF SD-B3 |
SDGEDU |
1,300,000 |
$1.25M |
3.76% |
| 9 |
CA CASDEV 5 10/01/2033 |
CASDEV |
1,200,000 |
$1.20M |
3.61% |
| 10 |
LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE |
LOSAPT |
1,000,000 |
$1.08M |
3.26% |
| 11 |
E BAY MUD-A-REV |
EBYWTR |
1,000,000 |
$1.08M |
3.25% |
| 12 |
SAN FRANCISCO-REV-C |
SFOUTL |
1,000,000 |
$1.08M |
3.25% |
| 13 |
E BAY MUD-A-REV |
— |
1,000,000 |
$1.07M |
3.22% |
| 14 |
CALIFORNIA HOUSING FINANCE AGENCY |
— |
1,000,000 |
$1.03M |
3.09% |
| 15 |
Los Angeles Unified School District, Series 2024 QRR |
— |
1,000,000 |
$987.86K |
2.97% |
| 16 |
SAN DIEGO USD A-3 |
SDGEDU |
1,000,000 |
$964.97K |
2.90% |
| 17 |
San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2021 A, RB |
— |
975,000 |
$958.98K |
2.88% |
| 18 |
CALIFORNIA ST-GREEN |
CAS |
850,000 |
$850.34K |
2.55% |
| 19 |
Los Angeles Unified School District (Green Bonds), Series 2024 QRR, GO Bonds |
LOSSCD |
750,000 |
$830.64K |
2.49% |
| 20 |
CA MLPSCD 3 08/01/2034 |
MLPSCD |
750,000 |
$763.60K |
2.29% |
| 21 |
Desert Community College District, Riverside County, California, General Obligation Bonds, Election of 2016 Series 2024 |
DESHGR |
750,000 |
$729.40K |
2.19% |
| 22 |
UNIV OF CALIFORNIA REVENUES |
UNVHGR |
655,000 |
$655.00K |
1.97% |
| 23 |
Sacramento Municipal Utility District, Series 2024M |
SACPWR |
565,000 |
$600.49K |
1.80% |
| 24 |
San Diego (County of), CA Regional Transportation Commission, Series 2023 A, Ref. RB |
SDGTRN |
500,000 |
$590.14K |
1.77% |
| 25 |
CA CASFAC 4 05/01/2036 |
CASFAC |
540,000 |
$581.64K |
1.75% |
| 26 |
Chaffey Community College District, Series B1 |
CHFHGR |
500,000 |
$557.02K |
1.67% |
| 27 |
Mt. San Antonio Community College District, Series A |
— |
500,000 |
$555.13K |
1.67% |
| 28 |
State of California |
CAS |
500,000 |
$554.77K |
1.67% |
| 29 |
LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE |
LOSAPT |
500,000 |
$544.75K |
1.64% |
| 30 |
California Municipal Finance Authority |
CASFIN |
480,000 |
$501.64K |
1.51% |
| 31 |
CA LOSTRN 4 07/01/2028 |
LOSTRN |
500,000 |
$500.42K |
1.50% |
| 32 |
SAN FRAN CA BAY-AG |
— |
605,000 |
$472.14K |
1.42% |
| 33 |
San Mateo County Transit District, Series B |
— |
400,000 |
$400.00K |
1.20% |
| 34 |
California (State of) Housing Finance Agency, Series 2019 A-2, RB |
CASHSG |
318,816 |
$331.93K |
1.00% |
| 35 |
CA TURWTR 5 01/01/2036 |
TURWTR |
300,000 |
$330.13K |
0.99% |
| 36 |
CA PECGEN 5 06/01/2036 |
PECGEN |
200,000 |
$227.82K |
0.68% |
| 37 |
CA SFOPWR 5 11/01/2036 |
SFOPWR |
170,000 |
$170.42K |
0.51% |
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