Portfolio concentration
As of April 30, 2026 · N-PORT
Holdings
172
Top-10 weight
17.88%
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.
105
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.
81.8
Holdings
As of April 30, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | Bank of America Corp. | — | 54,821,000 | $56.58M | 3.00% |
| 2 | CREDIT AGRICOLE SA F2V | ACAFP | 33,354,000 | $34.68M | 1.84% |
| 3 | ING GROEP NV JR SUBORDINA 12/99 VAR | INTNED | 31,775,000 | $32.95M | 1.74% |
| 4 | TORONTO DOM BANK | — | 31,080,000 | $32.35M | 1.71% |
| 5 | BBVASM V7.75 PERP | BBVASM | 30,200,000 | $32.05M | 1.70% |
| 6 | C V6.625 PERP | C | 31,236,000 | $31.64M | 1.68% |
| 7 | ENBRIDGE INC SUBORDINATED 01/84 VAR | ENBCN | 25,881,000 | $29.49M | 1.56% |
| 8 | SANTAN 9 5/8 PERP | SANTAN | 24,200,000 | $28.81M | 1.53% |
| 9 | SCHW V4 PERP H | SWG2 | 30,150,000 | $28.12M | 1.49% |
| 10 | Bank of Montreal | — | 25,956,000 | $27.34M | 1.45% |
| 11 | EUSHI FINANCE INC REGD V/R 6.25000000 | EMACN | 26,000,000 | $25.77M | 1.36% |
| 12 | BNP Paribas SA (pfd) 8.50% 02/14/2174 Perpetual | BNP | 23,450,000 | $24.85M | 1.32% |
| 13 | COMMERZBANK AG MTN 7.500000% MATURITY: PERPETUAL | — | 23,400,000 | $24.45M | 1.29% |
| 14 | HSBC HOLDINGS PLC JR SUBORDINA 12/99 VAR | — | 23,150,000 | $23.99M | 1.27% |
| 15 | CANADIAN IMPERIAL BANK OF COMM JR SUBORDINA 10/85 VAR | CM | 23,300,000 | $23.92M | 1.27% |
| 16 | Wells Fargo & Co. | — | 22,645,000 | $23.57M | 1.25% |
| 17 | JPMorgan Chase & Co., Series NN | — | 22,200,000 | $23.14M | 1.23% |
| 18 | HIG F 02/12/47 ICON | HIG | 23,021,000 | $22.21M | 1.18% |
| 19 | Bell Canada | — | 21,286,000 | $22.10M | 1.17% |
| 20 | BNP V7.2 PERP 144A | — | 21,300,000 | $21.44M | 1.13% |
| 21 | BARCLAYS PLC REGD V/R /PERP/ 8.00000000 | BACR | 20,050,000 | $21.10M | 1.12% |
| 22 | Wells Fargo & Co., Series L, Conv. Pfd. | — | 17,492 | $20.83M | 1.10% |
| 23 | AMER ELEC PWR | — | 20,272,000 | $20.22M | 1.07% |
| 24 | Societe Generale SA (pfd) 10.00% 05/14/2174 Perpetual | SOCGEN | 18,413,000 | $20.18M | 1.07% |
| 25 | LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR | LLOYDS | 18,780,000 | $20.09M | 1.06% |
| 26 | Wells Fargo & Co. | — | 19,200,000 | $19.27M | 1.02% |
| 27 | ATHENE HOLDING | — | 19,794,000 | $19.22M | 1.02% |
| 28 | AES V6.95 07/15/55 | AES | 19,491,000 | $19.03M | 1.01% |
| 29 | SEMPRA | — | 18,364,000 | $18.52M | 0.98% |
| 30 | AMER ELEC PWR | — | 17,060,000 | $18.18M | 0.96% |
| 31 | Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual | SOCGEN | 17,200,000 | $18.15M | 0.96% |
| 32 | Bank of Nova Scotia (The) | — | 17,200,000 | $18.07M | 0.96% |
| 33 | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | HBAN | 17,998,000 | $18.03M | 0.95% |
| 34 | American AgCredit Corp | AAGACA | 18,000,000 | $17.84M | 0.94% |
| 35 | Goldman Sachs Group, Inc. (The), Series X | — | 16,890,000 | $17.66M | 0.94% |
| 36 | EVERSOURCE ENERG | — | 17,610,000 | $17.61M | 0.93% |
| 37 | SANTAN 8 PERP | SANTAN | 16,200,000 | $17.60M | 0.93% |
| 38 | Credit Agricole SA | — | 16,996,000 | $17.21M | 0.91% |
| 39 | DOMINION ENERGY | — | 15,859,000 | $16.96M | 0.90% |
| 40 | NWG 8 1/8 PERP | NWG | 15,200,000 | $16.79M | 0.89% |
| 41 | RY V6.75 08/24/85 | RY | 15,550,000 | $15.83M | 0.84% |
| 42 | Bank of Nova Scotia (The) | — | 14,600,000 | $15.49M | 0.82% |
| 43 | BARCLAYS PLC REGD V/R /PERP/ 7.62500000 | BACR | 14,600,000 | $15.39M | 0.81% |
| 44 | NORDEA BANK ABP F2V | NDAFH | 14,980,000 | $15.31M | 0.81% |
| 45 | GLOBAL ATLANTIC FIN CO REGD V/R 144A P/P 7.25000000 | GBLATL | 15,450,000 | $15.24M | 0.81% |
| 46 | Banco Bilbao Vizcaya Argentaria S.A. | — | 13,800,000 | $15.20M | 0.80% |
| 47 | BNS V7.35 04/27/85 | BNS | 14,130,000 | $14.63M | 0.77% |
| 48 | HSBC Holdings PLC Floating rate, Due 12/31/2049 | — | 13,800,000 | $14.44M | 0.76% |
| 49 | CENTERPOINT ENER | — | 13,575,000 | $14.34M | 0.76% |
| 50 | Global Atlantic (Fin) Co. | — | 13,758,000 | $13.83M | 0.73% |
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Machine-readable: JSON · Markdown. Programmatic access via the agent surface.