Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
4063
Top-10 weight
30.38%
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.
76
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.
149.6
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | US TREASURY N/B | — | 748,600,000 | $772.93M | 6.32% |
| 2 | US TREASURY N/B | — | 562,250,000 | $577.55M | 4.72% |
| 3 | Fidelity Cash Central Fund | — | 501,819,812 | $501.92M | 4.10% |
| 4 | US TREASURY N/B | — | 384,100,000 | $393.64M | 3.22% |
| 5 | US TREASURY N/B | — | 371,600,000 | $389.27M | 3.18% |
| 6 | US TREASURY N/B | — | 327,800,000 | $323.31M | 2.64% |
| 7 | US TREASURY N/B | — | 328,800,000 | $321.16M | 2.62% |
| 8 | US TREASURY N/B | — | 293,000,000 | $293.43M | 2.40% |
| 9 | US TREASURY N/B | — | 414,629,000 | $272.20M | 2.22% |
| 10 | US TREASURY N/B | — | 237,175,000 | $243.26M | 1.99% |
| 11 | GNII II 5.5% 03/01/2056 #TBA | — | 180,350,000 | $182.67M | 1.49% |
| 12 | Fidelity Specialized High Income Central Fund | .FBBCIP | 1,847,618 | $166.60M | 1.36% |
| 13 | US TREASURY N/B | — | 224,700,000 | $163.28M | 1.33% |
| 14 | US TREASURY N/B | — | 161,200,000 | $162.91M | 1.33% |
| 15 | US TREASURY N/B | — | 155,500,000 | $159.76M | 1.31% |
| 16 | Uniform Mortgage-Backed Security, TBA | — | 191,775,000 | $158.82M | 1.30% |
| 17 | G2SF 5.5 4/25 | — | 136,000,000 | $137.61M | 1.12% |
| 18 | US TREASURY N/B | — | 129,000,000 | $133.27M | 1.09% |
| 19 | US TREASURY N/B | — | 157,354,000 | $132.09M | 1.08% |
| 20 | US TREASURY N/B | — | 126,590,000 | $128.90M | 1.05% |
| 21 | Government National Mortgage Association, TBA | GNR | 125,975,000 | $128.53M | 1.05% |
| 22 | US TREASURY N/B | — | 114,800,000 | $115.11M | 0.94% |
| 23 | US TREASURY N/B | — | 116,000,000 | $108.66M | 0.89% |
| 24 | Fannie Mae or Freddie Mac | — | 104,650,000 | $106.24M | 0.87% |
| 25 | US TREASURY N/B | — | 100,300,000 | $100.03M | 0.82% |
| 26 | FNCL 6 3/24 | — | 90,000,000 | $92.32M | 0.75% |
| 27 | US TREASURY N/B | — | 90,800,000 | $91.13M | 0.74% |
| 28 | US TREASURY N/B | — | 90,100,000 | $89.95M | 0.74% |
| 29 | US TREASURY N/B | — | 87,800,000 | $89.31M | 0.73% |
| 30 | US TREASURY N/B | — | 85,600,000 | $86.30M | 0.71% |
| 31 | FNCL 2 4/26 | — | 103,100,000 | $85.39M | 0.70% |
| 32 | US TREASURY N/B | — | 83,500,000 | $85.05M | 0.70% |
| 33 | US TREASURY N/B | — | 82,600,000 | $83.41M | 0.68% |
| 34 | US TREASURY N/B | — | 77,500,000 | $77.25M | 0.63% |
| 35 | US TREASURY N/B | — | 75,134,000 | $76.46M | 0.62% |
| 36 | US TREASURY N/B | — | 67,200,000 | $70.91M | 0.58% |
| 37 | FNCI 5 4/21 | — | 68,150,000 | $69.15M | 0.57% |
| 38 | JPMORGAN CHASE | — | 63,456,000 | $67.24M | 0.55% |
| 39 | Petroleos Mexicanos | — | 70,161,000 | $63.72M | 0.52% |
| 40 | BAYER US FIN II LLC 4.375% 12/15/2028 144A | — | 58,400,000 | $58.61M | 0.48% |
| 41 | US TREASURY N/B | — | 55,400,000 | $56.30M | 0.46% |
| 42 | US TREASURY N/B | — | 53,400,000 | $54.41M | 0.44% |
| 43 | G2SF 6 4/25 | — | 50,800,000 | $51.79M | 0.42% |
| 44 | BANK OF AMER CRP | — | 50,000,000 | $47.97M | 0.39% |
| 45 | CITIGROUP INC | — | 50,000,000 | $47.92M | 0.39% |
| 46 | WELLS FARGO CO | — | 40,441,000 | $40.34M | 0.33% |
| 47 | US TREASURY N/B | — | 38,000,000 | $38.20M | 0.31% |
| 48 | US TREASURY N/B | — | 58,500,000 | $37.01M | 0.30% |
| 49 | MORGAN STANLEY | — | 35,865,000 | $35.07M | 0.29% |
| 50 | AT&T INC | — | 34,036,000 | $34.36M | 0.28% |
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