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.
4
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.
39.2
Holdings
As of February 28, 2026 · N-PORT
| # | Security | Ticker | Shares | Value | % of fund |
|---|
| 1 |
FEDERATED CORE TR MUTUAL FUND |
— |
6,213,876 |
$56.73M |
49.91% |
| 2 |
ZSCALER INC |
N/A |
10,319,000 |
$10.32M |
9.08% |
| 3 |
ITALY REPUBLIC OF 1.65% 03/01/2032 144A REGS |
— |
2,490,000 |
$2.77M |
2.44% |
| 4 |
JAPAN GOVT 20-YR |
— |
315,000,000 |
$1.89M |
1.66% |
| 5 |
French Republic Government Bonds OAT |
— |
1,340,000 |
$1.87M |
1.64% |
| 6 |
Italy Buoni Poliennali Del Tesoro |
— |
1,410,000 |
$1.77M |
1.56% |
| 7 |
UNITED KINGDOM GILT GBP REG S 1.625% 10-22-28 |
— |
1,340,000 |
$1.72M |
1.52% |
| 8 |
GERMANY FEDERAL REPUBLIC OF 4.75% 07/04/2034 REGS |
— |
1,200,000 |
$1.66M |
1.46% |
| 9 |
French Republic Government Bonds OAT |
— |
1,190,000 |
$1.54M |
1.36% |
| 10 |
UNITED KINGDOM GILT GBP REG S 4.25% 12-07-27 |
— |
1,060,000 |
$1.45M |
1.27% |
| 11 |
UNITED KINGDOM GILT GBP REG S 4.25% 06-07-32 |
UKT |
1,030,000 |
$1.42M |
1.25% |
| 12 |
SPANISH GOV'T |
— |
1,090,000 |
$1.27M |
1.11% |
| 13 |
UNITED KINGDOM GILT GBP REG S 0.375% 10-22-30 |
— |
1,090,000 |
$1.27M |
1.11% |
| 14 |
JAPAN GOVT 20-YR |
— |
190,000,000 |
$1.25M |
1.10% |
| 15 |
JAPAN GOVT 30-YR |
— |
295,000,000 |
$1.20M |
1.06% |
| 16 |
Kingdom of Belgium Government Bonds |
— |
1,118,000 |
$1.20M |
1.05% |
| 17 |
United Kingdom of Great Britain and Northern Ireland |
T4Q |
870,000 |
$1.16M |
1.02% |
| 18 |
Italy Buoni Poliennali Del Tesoro |
— |
950,000 |
$1.08M |
0.95% |
| 19 |
CANADIAN GOVERNMENT BOND |
— |
1,235,000 |
$1.07M |
0.94% |
| 20 |
UNITED KINGDOM GILT GBP REG S 3.25% 01-22-44 |
— |
970,000 |
$1.05M |
0.93% |
| 21 |
SPANISH GOV'T |
— |
910,000 |
$1.05M |
0.92% |
| 22 |
SPANISH GOV'T |
— |
890,000 |
$1.05M |
0.92% |
| 23 |
French Republic Government Bonds OAT |
— |
1,000,000 |
$1.03M |
0.91% |
| 24 |
United Mexican States |
— |
850,000 |
$1.01M |
0.89% |
| 25 |
GERMANY FEDERAL REPUBLIC OF 0.5% 02/15/2028 REGS |
— |
840,000 |
$964.93K |
0.85% |
| 26 |
ITALY REPUBLIC OF 3.25% 09/01/2046 144A REGS |
— |
900,000 |
$962.31K |
0.85% |
| 27 |
Republic of Austria Government Bonds |
— |
800,000 |
$961.14K |
0.85% |
| 28 |
SPANISH GOV'T |
— |
1,040,000 |
$914.60K |
0.80% |
| 29 |
GERMANY FEDERAL REPUBLIC OF 2.4% 11/15/2030 REGS |
— |
700,000 |
$834.01K |
0.73% |
| 30 |
GERMANY FEDERAL REPUBLIC OF 2.1% 11/15/2029 REGS |
— |
700,000 |
$826.29K |
0.73% |
| 31 |
JAPAN GOVT 40-YR |
— |
290,000,000 |
$816.03K |
0.72% |
| 32 |
JAPAN GOVT 30-YR |
— |
153,000,000 |
$813.09K |
0.72% |
| 33 |
French Republic Government Bonds OAT |
— |
640,000 |
$764.09K |
0.67% |
| 34 |
French Republic Government Bonds OAT |
— |
600,000 |
$699.77K |
0.62% |
| 35 |
French Republic Government Bonds OAT |
— |
520,000 |
$674.58K |
0.59% |
| 36 |
United Kingdom Gilt |
— |
880,000 |
$645.70K |
0.57% |
| 37 |
NETHERLANDS GOVERNMENT OF 2.5% 01/15/2033 144A REGS |
— |
525,000 |
$621.00K |
0.55% |
| 38 |
NEW ZEALAND GVT |
— |
1,000,000 |
$603.77K |
0.53% |
| 39 |
DEUTSCHLAND REP |
— |
620,000 |
$593.04K |
0.52% |
| 40 |
GERMANY FEDERAL REPUBLIC OF 2.5% 07/04/2044 REGS |
— |
525,000 |
$564.70K |
0.50% |
| 41 |
NEW ZEALAND GVT |
— |
900,000 |
$558.83K |
0.49% |
| 42 |
CANADIAN GOVERNMENT /CAD/ REGD 4.00000000 |
CANADA |
700,000 |
$550.16K |
0.48% |
| 43 |
SPANISH GOV'T |
— |
420,000 |
$544.14K |
0.48% |
| 44 |
AUSTRALIAN GOVT. |
— |
760,000 |
$528.03K |
0.46% |
| 45 |
ROMANIAN GOVERNMENT INTERNATIONAL BOND EUR REG S 2.0% 01-28-32 |
— |
500,000 |
$519.46K |
0.46% |
| 46 |
AUSTRALIAN GOVT. |
ACGB |
820,000 |
$501.10K |
0.44% |
| 47 |
CANADIAN GOVERNMENT |
CAN |
615,000 |
$495.59K |
0.44% |
| 48 |
Egypt Treasury Bills |
— |
23,400,000 |
$474.83K |
0.42% |
| 49 |
French Republic Government Bonds OAT |
— |
370,000 |
$309.42K |
0.27% |
| 50 |
French Republic Government Bonds OAT |
— |
300,000 |
$275.99K |
0.24% |
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