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.
125
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.
106.5
Holdings
As of February 28, 2026 · N-PORT
| # | Security | Ticker | Shares | Value | % of fund |
| 1 |
Fixed Income Clearing Corporation |
— |
20,525,000 |
$20.52M |
5.67% |
| 2 |
US 5YR NOTE (CBT) Jun26 |
— |
181 |
$19.94M |
5.51% |
| 3 |
State Street Navigator Securities Lending Government Money Market Portfolio |
— |
8,262,312 |
$8.26M |
2.28% |
| 4 |
Nuveen High Yield Corporate Bond Etf |
— |
200,000 |
$5.01M |
1.38% |
| 5 |
CORPORATE TERM LOAN |
— |
2,992,500 |
$3.00M |
0.83% |
| 6 |
Zayo Group Holdings Inc |
— |
2,701,743 |
$2.63M |
0.73% |
| 7 |
FNMA Connecticut Avenue Securities Trust, Series 2022-R06, Class 1B2 |
CAS |
2,000,000 |
$2.21M |
0.61% |
| 8 |
Freddie Mac STACR REMIC Trust 2022-DNA3 |
— |
2,000,000 |
$2.18M |
0.60% |
| 9 |
BX TR 2024-BRBK TSFR1M+597.052 10/15/2041 144A |
BX |
2,000,000 |
$2.01M |
0.55% |
| 10 |
Team Health Term Loan B 400 2028-06-01 |
— |
1,994,987 |
$2.00M |
0.55% |
| 11 |
WHITE CAP BUYER LLC 2026 INCREMENTAL TERM LOAN B |
— |
2,000,000 |
$1.98M |
0.55% |
| 12 |
Centuri Group, Inc, Refinance Term Loan B |
— |
1,940,400 |
$1.95M |
0.54% |
| 13 |
DEATIR 8 02/01/28 144A |
DEATIR |
1,950,000 |
$1.93M |
0.53% |
| 14 |
HASI V7.125 11/15/56 |
— |
1,826,000 |
$1.83M |
0.50% |
| 15 |
Freddie Mac STACR Trust 2019-HQA2 |
— |
1,500,000 |
$1.79M |
0.49% |
| 16 |
STONEX ESCROW ISSUER LLC SECURED 144A 07/32 6.875 |
SNEX |
1,690,000 |
$1.75M |
0.48% |
| 17 |
TransDigm Term Loan L (Incremental) 250 2032-01-01 |
TDG |
1,745,581 |
$1.75M |
0.48% |
| 18 |
Clarios Global LP, Term Loan B |
— |
1,745,625 |
$1.74M |
0.48% |
| 19 |
CONNECT HOLDING II LLC SR SECURED 144A 04/31 10.5 |
BSPEED |
1,700,000 |
$1.64M |
0.45% |
| 20 |
STACR 2022-DNA2 B2 |
STACR |
1,500,000 |
$1.60M |
0.44% |
| 21 |
ASURION LLC/CO |
ASUCOR |
1,600,000 |
$1.59M |
0.44% |
| 22 |
Fannie Mae Connecticut Avenue Securities |
— |
1,500,000 |
$1.57M |
0.43% |
| 23 |
AQUARI 7.875 11/01/29 144A |
AQUARI |
1,615,000 |
$1.56M |
0.43% |
| 24 |
Fannie Mae Connecticut Avenue Securities |
FNMA |
1,500,000 |
$1.55M |
0.43% |
| 25 |
VALEANT PHARMACEUTICALS INTL COMPANY GUAR 144A 01/27 8.5 |
BHCCN |
1,530,000 |
$1.52M |
0.42% |
| 26 |
OHS Issuer LLC |
— |
1,500,000 |
$1.50M |
0.42% |
| 27 |
SOCIETE GENERALE SA JR SUBORDINA 144A 12/99 VAR |
SOCGEN |
1,500,000 |
$1.49M |
0.41% |
| 28 |
HUB International Ltd |
— |
1,495,583 |
$1.48M |
0.41% |
| 29 |
ESGR 7 PERP |
ESGRF |
63,000 |
$1.48M |
0.41% |
| 30 |
ALLIANT INSURANCE 7/25 COV-LITE TLB 9/19/2031 |
BL517962 |
1,493,744 |
$1.46M |
0.40% |
| 31 |
Victory Buyer LLC |
— |
1,400,000 |
$1.41M |
0.39% |
| 32 |
VOLTAGRID LLC SECURED 144A 11/30 7.375 |
VOLTAG |
1,345,000 |
$1.40M |
0.39% |
| 33 |
ENCORE CAPITAL GROUP INC SR SECURED 144A 04/31 6.625 |
ECPG |
1,335,000 |
$1.36M |
0.37% |
| 34 |
1261229 BC Ltd |
— |
1,300,000 |
$1.34M |
0.37% |
| 35 |
CORPBOND |
AGKLN |
1,260,000 |
$1.32M |
0.36% |
| 36 |
STACR 2022-DNA1 B2 |
STACR |
1,250,000 |
$1.31M |
0.36% |
| 37 |
Veritiv Operating Co |
— |
1,200,000 |
$1.28M |
0.35% |
| 38 |
UNITK 2026-1A A2 |
UNITK |
1,250,000 |
$1.28M |
0.35% |
| 39 |
XPLR INFRASTRUCTURE OPERATING SR UNSECURED 144A 01/29 7.25 |
XIFR |
1,200,000 |
$1.25M |
0.34% |
| 40 |
CONTOURGLOB PWR |
CONGLO |
1,200,000 |
$1.24M |
0.34% |
| 41 |
GLP 8.25 01/15/32 144A |
GLP |
1,150,000 |
$1.21M |
0.34% |
| 42 |
AES V6.95 07/15/55 |
AES |
1,250,000 |
$1.21M |
0.33% |
| 43 |
Fixed Income Clearing Corporation |
— |
1,205,627 |
$1.21M |
0.33% |
| 44 |
UBS V9.25 PERP 144A |
UBS |
1,000,000 |
$1.17M |
0.32% |
| 45 |
Icahn Enterprises LP / Icahn Enterprises Finance Corp |
— |
1,180,000 |
$1.16M |
0.32% |
| 46 |
PYE-BARKER TERM 1LN 12/16/2032 |
PYFISA |
1,159,710 |
$1.16M |
0.32% |
| 47 |
ARDAGH METAL PACKAGING SR SECURED 144A 01/31 6.25 |
AMPBEV |
1,135,000 |
$1.16M |
0.32% |
| 48 |
SFRFP 6.5 04/15/32 144A |
SFRFP |
1,190,183 |
$1.14M |
0.32% |
| 49 |
HA SUST INF CAP |
HASI |
1,071,000 |
$1.13M |
0.31% |
| 50 |
PSDO TL B 1L USD |
PSDO |
1,145,518 |
$1.12M |
0.31% |
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