Portfolio concentration
As of April 30, 2026 · N-PORT
Holdings
42
Top-10 weight
37.96%
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.
36
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.
94.9
Holdings
As of April 30, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | US TREASURY N/B | — | 6,000,000 | $5.87M | 5.53% |
| 2 | US TREASURY N/B | — | 5,000,000 | $5.00M | 4.71% |
| 3 | US TREASURY N/B | — | 4,000,000 | $4.01M | 3.78% |
| 4 | T 4.125 04/30/33 | — | 4,000,000 | $3.98M | 3.75% |
| 5 | US TREASURY N/B | — | 4,000,000 | $3.92M | 3.69% |
| 6 | FR RQ0094 | — | 3,934,599 | $3.88M | 3.66% |
| 7 | US TREASURY N/B | — | 3,500,000 | $3.57M | 3.36% |
| 8 | U.S. Treasury Notes | — | 3,500,000 | $3.48M | 3.27% |
| 9 | Freddie Mac Pool | — | 4,078,425 | $3.42M | 3.22% |
| 10 | Freddie Mac REMICS | — | 3,117,631 | $3.08M | 2.91% |
| 11 | Freddie Mac Pool | — | 3,238,902 | $3.05M | 2.88% |
| 12 | US TREASURY N/B | — | 3,000,000 | $2.99M | 2.81% |
| 13 | FR RR0037 | — | 2,951,176 | $2.93M | 2.76% |
| 14 | Fannie Mae REMICS | — | 2,676,282 | $2.66M | 2.51% |
| 15 | US TREASURY N/B | — | 2,500,000 | $2.52M | 2.38% |
| 16 | US TREASURY N/B | — | 2,500,000 | $2.51M | 2.37% |
| 17 | US TREASURY N/B | — | 2,500,000 | $2.49M | 2.35% |
| 18 | T 3.875 04/30/31 | — | 2,500,000 | $2.48M | 2.34% |
| 19 | US TREASURY N/B | — | 2,000,000 | $2.03M | 1.91% |
| 20 | US TREASURY N/B | — | 2,000,000 | $2.03M | 1.91% |
| 21 | US TREASURY N/B | — | 2,000,000 | $2.03M | 1.91% |
| 22 | US TREASURY N/B | — | 2,000,000 | $2.02M | 1.90% |
| 23 | US TREASURY N/B | — | 2,000,000 | $2.01M | 1.89% |
| 24 | US TREASURY N/B | — | 2,000,000 | $2.01M | 1.89% |
| 25 | US TREASURY N/B | — | 2,000,000 | $2.00M | 1.89% |
| 26 | US TREASURY N/B | — | 2,000,000 | $2.00M | 1.89% |
| 27 | T 3.875 04/15/29 | — | 2,000,000 | $2.00M | 1.88% |
| 28 | Fannie Mae Pool | — | 2,002,775 | $1.99M | 1.87% |
| 29 | US TREASURY N/B | — | 2,000,000 | $1.98M | 1.87% |
| 30 | US TREASURY N/B | — | 2,000,000 | $1.98M | 1.86% |
| 31 | US TREASURY N/B | — | 2,000,000 | $1.97M | 1.86% |
| 32 | US TREASURY N/B | — | 2,000,000 | $1.97M | 1.85% |
| 33 | UMBS Pool, 30 Year | FR | 1,945,107 | $1.96M | 1.84% |
| 34 | Fannie Mae REMICS | — | 1,968,817 | $1.95M | 1.83% |
| 35 | Freddie Mac REMICS | — | 1,922,181 | $1.93M | 1.82% |
| 36 | FN MA5914 | — | 1,917,893 | $1.87M | 1.76% |
| 37 | Freddie Mac REMICS | — | 1,743,315 | $1.73M | 1.63% |
| 38 | Government National Mortgage Association | — | 1,678,429 | $1.69M | 1.59% |
| 39 | Fannie Mae REMICS | — | 1,602,770 | $1.58M | 1.49% |
| 40 | Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | GOFXX | 1,233,747 | $1.23M | 1.16% |
| 41 | Fannie Mae REMICS | — | 1,093,839 | $1.09M | 1.03% |
| 42 | Freddie Mac REMICS | — | 1,033,068 | $1.03M | 0.97% |
| 43 | WHEAT SEP 26 | WU6 | 75 | -$150.58K | -0.14% |
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