Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
288
Top-10 weight
13.27%
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.
170
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.
80.2
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | C V6.625 PERP | C | 3,340,000 | $3.34M | 2.21% |
| 2 | ING GROEP NV JR SUBORDINA 12/99 VAR | INTNED | 2,300,000 | $2.30M | 1.52% |
| 3 | TORONTO-DOMINION BANK/THE JR SUBORDINA 07/84 VAR | TD | 2,004,000 | $2.05M | 1.35% |
| 4 | UBS GROUP AG JR SUBORDINA 144A 12/99 VAR | UBS | 2,000,000 | $1.95M | 1.29% |
| 5 | State Street Navigator Securities Lending Portfolio II | GVMXX | 1,891,000 | $1.89M | 1.25% |
| 6 | BNP PARIBAS SA JR SUBORDINA 144A 12/99 VAR | BNP | 1,700,000 | $1.77M | 1.17% |
| 7 | TELUS CORP REGD V/R SER ... 6.62500000 | TCN | 1,750,000 | $1.71M | 1.13% |
| 8 | RY V6.75 08/24/85 | RY | 1,650,000 | $1.66M | 1.10% |
| 9 | UBS V7 PERP 144 | UBS | 1,600,000 | $1.55M | 1.02% |
| 10 | PHILLIPS 66 CO | — | 1,560,000 | $1.54M | 1.02% |
| 11 | Truist Financial Corp., Series N | TFC | 1,524,000 | $1.52M | 1.01% |
| 12 | BNP PARIBAS SA JR SUBORDINA 144A 12/99 VAR | BNP | 1,500,000 | $1.50M | 1.00% |
| 13 | C V6.875 PERP GG | C | 1,475,000 | $1.49M | 0.98% |
| 14 | M&T Bank Corp., Series K, Pfd. | MTB K | 58,200 | $1.46M | 0.97% |
| 15 | Bank of Montreal | — | 1,383,000 | $1.42M | 0.94% |
| 16 | AMER ELEC PWR | — | 1,380,000 | $1.37M | 0.90% |
| 17 | Credit Agricole SA (pfd) 7.25% 03/23/2174 Perpetual | ACAQR | 1,100,000 | $1.33M | 0.88% |
| 18 | METLIFE CAPITAL TRUST IV PFD 144A LIFE JR SUB (H) 7.875% 12-15-67/37 | MET | 1,220,000 | $1.32M | 0.87% |
| 19 | RLGH Finance Bermuda Ltd | — | 1,300,000 | $1.27M | 0.84% |
| 20 | SOCIETE GENERALE SA JR SUBORDINA 144A 12/99 VAR | SOCGEN | 1,200,000 | $1.24M | 0.82% |
| 21 | Deutsche Bank Aktiengesellschaft | — | 1,000,000 | $1.21M | 0.80% |
| 22 | Electricite de France SA | — | 1,000,000 | $1.18M | 0.78% |
| 23 | TELUS CORP REGD V/R SER . 6.37500000 | TCN | 1,150,000 | $1.14M | 0.75% |
| 24 | Wells Fargo & Co. | — | 1,134,000 | $1.14M | 0.75% |
| 25 | ET V7.125 PERP G | ET | 1,104,000 | $1.13M | 0.74% |
| 26 | HSBC Holdings PLC | — | 1,100,000 | $1.11M | 0.73% |
| 27 | Coventry Building Society | BF25 | 800,000 | $1.09M | 0.72% |
| 28 | Nationwide Building Society | — | 800,000 | $1.07M | 0.70% |
| 29 | STANDARD CHARTERED PLC JR SUBORDINA 144A 12/99 VAR | — | 1,000,000 | $1.04M | 0.69% |
| 30 | BNS 6 7/8 10/27/2085 | BNS | 1,050,000 | $1.03M | 0.68% |
| 31 | Stellantis NV | — | 920,000 | $1.02M | 0.67% |
| 32 | BMO V6.875 11/26/85 6 | BMO | 1,000,000 | $1.01M | 0.67% |
| 33 | South Bow Canadian infrastructure Holdings Ltd. | — | 980,000 | $1.01M | 0.67% |
| 34 | NOMURA HOLDINGS INC JR SUBORDINA 12/99 VAR | — | 1,000,000 | $1.01M | 0.67% |
| 35 | Venture Global LNG, Inc. | — | 965,000 | $961.94K | 0.64% |
| 36 | Deutsche Bank AG | — | 800,000 | $957.78K | 0.63% |
| 37 | HASI V7.125 11/15/56 | — | 912,000 | $907.96K | 0.60% |
| 38 | Verizon Communications Inc | — | 800,000 | $895.25K | 0.59% |
| 39 | Societe Generale SA (pfd) 6.75% 10/06/2174 Perpetual | SOCGEN | 880,000 | $877.18K | 0.58% |
| 40 | TELEFONICA EUROPE BV EUAMDB08+NA PERP REGS | — | 700,000 | $865.00K | 0.57% |
| 41 | BANCO SANTANDER SA REGD V/R /PERP/ SER * 9.62500000 | — | 800,000 | $862.15K | 0.57% |
| 42 | ENBRIDGE INC SUBORDINATED 03/78 VAR | ENBCN | 845,000 | $845.98K | 0.56% |
| 43 | AMER ELEC PWR | — | 855,000 | $845.17K | 0.56% |
| 44 | Aspen Insurance Holdings Ltd. | AHL F | 36,200 | $843.46K | 0.56% |
| 45 | Stellantis NV | — | 750,000 | $817.83K | 0.54% |
| 46 | NextEra Energy Capital Holdings, Inc. Series Z | — | 32,500 | $811.20K | 0.54% |
| 47 | Enel SpA | — | 650,000 | $811.13K | 0.54% |
| 48 | Volkswagen International Finance NV | — | 700,000 | $807.86K | 0.53% |
| 49 | GLOBAL ATLANTIC FIN CO REGD V/R 144A P/P 7.25000000 | GBLATL | 850,000 | $801.92K | 0.53% |
| 50 | SANTAN 4 3/4 PERP | SANTAN | 800,000 | $791.72K | 0.52% |
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Machine-readable: JSON · Markdown. Programmatic access via the agent surface.