Portfolio concentration
As of April 30, 2026 · N-PORT
Holdings
41
Top-10 weight
63.66%
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.
19
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.
481.0
Holdings
As of April 30, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | SIEMENS AG-REG | — | 96,873 | $28.70M | 10.94% |
| 2 | SAP SE | — | 134,550 | $22.96M | 8.75% |
| 3 | ALLIANZ SE (REGD) | — | 50,212 | $22.91M | 8.73% |
| 4 | SIEMENS ENERGY AG | — | 102,046 | $21.62M | 8.24% |
| 5 | Airbus SE | — | 77,661 | $15.93M | 6.07% |
| 6 | DEUTSCHE TELEKOM | — | 464,453 | $15.02M | 5.72% |
| 7 | INFINEON TECH | — | 172,366 | $11.55M | 4.40% |
| 8 | MUENCHENER RUE-R | — | 17,241 | $10.33M | 3.94% |
| 9 | RHEINMETALL AG | — | 6,136 | $9.76M | 3.72% |
| 10 | DEUTSCHE BANK-RG | — | 252,166 | $7.84M | 2.99% |
| 11 | BASF SE COMMON STOCK | BAS | 117,797 | $7.56M | 2.88% |
| 12 | DEUTSCHE BOERSE | — | 24,591 | $7.55M | 2.88% |
| 13 | DHL GROUP | — | 124,870 | $7.38M | 2.81% |
| 14 | E.ON SE | — | 296,321 | $6.57M | 2.50% |
| 15 | RWE AG | — | 89,248 | $6.49M | 2.47% |
| 16 | Bayer Aktiengesellschaft | BAYN | 129,666 | $5.79M | 2.21% |
| 17 | MERCEDES-BENZ GR | — | 95,015 | $5.53M | 2.11% |
| 18 | ADIDAS AG | — | 23,756 | $4.11M | 1.57% |
| 19 | COMMERZBANK | — | 91,131 | $3.76M | 1.43% |
| 20 | HEIDELBERG MATERIALS AG COMMON STOCK | HEI | 16,584 | $3.66M | 1.40% |
| 21 | DAIMLER TRUCK HO | — | 70,721 | $3.56M | 1.36% |
| 22 | Common Stock | BMW | 36,901 | $3.37M | 1.29% |
| 23 | VOLKSWAGEN-PREF | — | 27,215 | $2.75M | 1.05% |
| 24 | Fresenius SE & Company KGaA | FRE | 54,300 | $2.63M | 1.00% |
| 25 | VONOVIA SE | — | 96,281 | $2.59M | 0.99% |
| 26 | MTU AERO ENGINES | — | 7,117 | $2.43M | 0.93% |
| 27 | HANNOVER RUECK S | — | 7,921 | $2.39M | 0.91% |
| 28 | MERCK Kommanditgesellschaft auf Aktien | MRK | 17,060 | $2.20M | 0.84% |
| 29 | SIEMENS HEALTHINEERS AG COMMON STOCK | SHL | 49,104 | $2.01M | 0.77% |
| 30 | SYMRISE AG COMMON STOCK | SY1 | 17,523 | $1.55M | 0.59% |
| 31 | HENKEL AG KGAA | HEN3 | 20,059 | $1.46M | 0.56% |
| 32 | GEA GROUP AG | — | 19,232 | $1.32M | 0.50% |
| 33 | FRESENIUS MEDICAL CARE AG COMMON STOCK | FME | 25,917 | $1.17M | 0.45% |
| 34 | BRENNTAG SE COMMON STOCK | BNR | 15,228 | $1.11M | 0.42% |
| 35 | CONTINENTAL AG | — | 14,251 | $1.07M | 0.41% |
| 36 | BEIERSDORF AG | — | 11,821 | $978.70K | 0.37% |
| 37 | QIAGEN NV ORD SHARES | QIA GR | 27,294 | $929.62K | 0.35% |
| 38 | REG GH GAS VNT 25 DEC25 PHYSICAL COMMODITY FUTURE. | JELZ25 Comdty | 6 | $858.21K | 0.33% |
| 39 | SCOUT24 SE | — | 9,699 | $807.79K | 0.31% |
| 40 | ZALANDO SE | — | 31,339 | $773.11K | 0.29% |
| 41 | Porsche Automobil Holding SE PREFERRED STOCK | POAHF | 20,209 | $734.42K | 0.28% |
| 42 | HONG KONG DOLLAR | — | 1 | -$123 | -0.00% |
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