Portfolio concentration
As of January 31, 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.
152
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.
21.5
Holdings
As of January 31, 2026 · N-PORT
| # | Security | Ticker | Shares | Value | % of fund |
|---|
| 1 |
MAIN STR NAT GA 4% 9/1/2052 |
MAIUTL |
23,115,000 |
$23.63M |
2.87% |
| 2 |
TEXAS ST |
— |
18,870,000 |
$18.87M |
2.29% |
| 3 |
PENNSYLVANIA ST |
— |
17,000,000 |
$17.69M |
2.15% |
| 4 |
NYC TRANSITIONL-S-1 |
— |
12,325,000 |
$13.80M |
1.68% |
| 5 |
MSILF-GOVT-INS |
MVRXX |
11,613,972 |
$11.61M |
1.41% |
| 6 |
INDIANAPOLIS LOC IMPT |
— |
10,855,000 |
$11.30M |
1.37% |
| 7 |
TEXAS WTR DEV BRD REVENUE |
TXSWTR |
10,000,000 |
$10.41M |
1.26% |
| 8 |
Black Belt Energy Gas District, Series F |
BBEUTL |
9,500,000 |
$10.26M |
1.25% |
| 9 |
Port Authority of New York & New Jersey, Series 250 |
— |
8,500,000 |
$9.70M |
1.18% |
| 10 |
TN TNSUTL 5 11/01/2034 |
TNSUTL |
8,200,000 |
$8.92M |
1.08% |
| 11 |
MICHIGAN ST HSG DEV AUTH SF MT REGD B/E 6.00000000 |
— |
7,380,000 |
$8.06M |
0.98% |
| 12 |
ALLEN TX INDEP SCH DIST |
— |
7,000,000 |
$7.94M |
0.96% |
| 13 |
BEAUFORT CNTY SC SCH DIST |
— |
8,455,000 |
$7.79M |
0.95% |
| 14 |
WEST SAINT PAUL MN INDEP SCH DIST #197 |
— |
7,615,000 |
$7.61M |
0.92% |
| 15 |
BEAUFORT CNTY SC SCH DIST |
— |
7,800,000 |
$7.32M |
0.89% |
| 16 |
RICHMOND VA |
— |
7,980,000 |
$7.16M |
0.87% |
| 17 |
NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE |
NYSHGR |
6,950,000 |
$7.13M |
0.87% |
| 18 |
RICHMOND VA |
— |
7,845,000 |
$7.12M |
0.87% |
| 19 |
Maricopa County & Phoenix Industrial Development Authorities, Series A |
— |
5,975,000 |
$6.64M |
0.81% |
| 20 |
State of New York |
— |
5,425,000 |
$6.42M |
0.78% |
| 21 |
WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE |
— |
5,800,000 |
$6.31M |
0.77% |
| 22 |
TX NRTTRN 4.12 01/01/2039 |
NRTTRN |
6,000,000 |
$6.16M |
0.75% |
| 23 |
BEXAR CNTY TX |
— |
5,950,000 |
$5.95M |
0.72% |
| 24 |
New Jersey Transportation Trust Fund Authority |
— |
5,250,000 |
$5.89M |
0.72% |
| 25 |
AMERICAN MUNI PWR-OHIO INC OH REVENUE |
— |
5,690,000 |
$5.87M |
0.71% |
| 26 |
DALLAS TX |
— |
5,145,000 |
$5.84M |
0.71% |
| 27 |
PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 6.25000000 |
— |
5,310,000 |
$5.79M |
0.70% |
| 28 |
MINNESOTA ST |
— |
4,950,000 |
$5.78M |
0.70% |
| 29 |
MARYLAND ST REGD B/E 5.00000000 |
— |
5,000,000 |
$5.74M |
0.70% |
| 30 |
COMAL CNTY TX |
— |
5,580,000 |
$5.58M |
0.68% |
| 31 |
SOUTH DAKOTA ST HSG DEV AUTH REGD B/E GNMA/FN 6.25000000 |
— |
4,900,000 |
$5.53M |
0.67% |
| 32 |
Jefferson (County of), AL, Series 2024, Ref. RB |
— |
5,000,000 |
$5.51M |
0.67% |
| 33 |
HEMPSTEAD TOWN NY |
— |
6,095,000 |
$5.48M |
0.67% |
| 34 |
WASHINGTON ST |
— |
4,705,000 |
$5.45M |
0.66% |
| 35 |
HEMPSTEAD TOWN NY |
— |
5,935,000 |
$5.44M |
0.66% |
| 36 |
California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2022 A-1, RB |
CCEDEV |
5,300,000 |
$5.40M |
0.66% |
| 37 |
MAIN STR NAT GA 5% 5/1/2055 MT |
MAIUTL |
5,000,000 |
$5.39M |
0.65% |
| 38 |
CA ST UNIV-A-REF |
— |
4,580,000 |
$5.34M |
0.65% |
| 39 |
UTAH HSG CORP SF MTGE REVENUE REGD B/E GNMA/FN 6.00000000 |
— |
4,730,000 |
$5.26M |
0.64% |
| 40 |
NORFOLK VA |
— |
4,810,000 |
$5.23M |
0.64% |
| 41 |
FLORIDA ST |
— |
5,195,000 |
$5.19M |
0.63% |
| 42 |
CA ST UNIV-A-REF |
— |
4,410,000 |
$5.12M |
0.62% |
| 43 |
TX R-MRB 6% 1/1/2054 |
— |
4,600,000 |
$5.10M |
0.62% |
| 44 |
Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2019C-1 |
KYSPWR |
5,000,000 |
$5.08M |
0.62% |
| 45 |
PASADENA TX INDEP SCH DIST |
— |
4,840,000 |
$5.04M |
0.61% |
| 46 |
NORTH DAKOTA ST HSG FIN AGY REGD B/E 6.00000000 |
— |
4,610,000 |
$5.03M |
0.61% |
| 47 |
State of Maryland Department of Transportation, Series 2021A |
MDSTRN |
4,730,000 |
$4.78M |
0.58% |
| 48 |
FAIRFAX CNTY VA |
— |
4,680,000 |
$4.78M |
0.58% |
| 49 |
SOUTH DAKOTA ST HSG DEV AUTH REGD OID B/E GNMA/FN 6.25000000 |
— |
4,285,000 |
$4.70M |
0.57% |
| 50 |
HENRICO CNTY VA |
— |
4,670,000 |
$4.69M |
0.57% |
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