Portfolio concentration
As of January 31, 2026 · N-PORT
Holdings
1722
Top-10 weight
15.78%
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.
87
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.
18.3
Holdings
As of January 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | Fidelity Tax-Free Cash Central Fund | — | 540,437,080 | $540.65M | 10.15% |
| 2 | SOUTHEAST ENERGY-E | SEEPWR | 64,575,000 | $70.11M | 1.32% |
| 3 | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | — | 35,710,000 | $40.63M | 0.76% |
| 4 | MUNIBOND | BBEUTL | 29,020,000 | $31.12M | 0.58% |
| 5 | TN TNSUTL 5 12/01/2035 | TNSUTL | 28,765,000 | $30.98M | 0.58% |
| 6 | MAIN STR NAT GA 4% 07/01/2052 MT | MAIUTL | 28,225,000 | $28.67M | 0.54% |
| 7 | NJ TPK AUTH-B | — | 25,000,000 | $28.49M | 0.53% |
| 8 | LOWER AL GAS DT-A-REF | LWRUTL | 26,310,000 | $28.00M | 0.53% |
| 9 | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE | — | 23,990,000 | $26.10M | 0.49% |
| 10 | CALIFORNIA COMMUNITY VAR | CCEDEV | 24,315,000 | $25.57M | 0.48% |
| 11 | NYC WTR 5.50% 6/15/2056 | — | 23,500,000 | $25.40M | 0.48% |
| 12 | TN TNSUTL 5 11/01/2034 | TNSUTL | 21,415,000 | $23.28M | 0.44% |
| 13 | WA ST HLTH CAR 5% MT | — | 21,275,000 | $22.87M | 0.43% |
| 14 | BLACK BELT ENERGY GAS VAR | BBEUTL | 21,615,000 | $22.79M | 0.43% |
| 15 | NYS TWY PIT 5% 3/15/2042 | — | 20,000,000 | $22.33M | 0.42% |
| 16 | MA ST 5.25% 10/1/2047 | MAS | 20,000,000 | $21.26M | 0.40% |
| 17 | Southeast Energy Authority, Alabama, Revenue Bonds Cooperative District Energy Supply Series 2024C | SEEPWR | 19,385,000 | $20.92M | 0.39% |
| 18 | CENTRL VLY CA ENERGY AUTH COMM REGD V/R B/E 5.00000000 | CTVPWR | 19,065,000 | $20.60M | 0.39% |
| 19 | CA ST 5% 9/1/2034 | — | 17,085,000 | $20.60M | 0.39% |
| 20 | CHICAGO IL BRD OF EDU REGD B/E 6.25000000 | CHIEDU | 19,030,000 | $20.14M | 0.38% |
| 21 | TARRANT TX EDFC 5% MT | — | 17,575,000 | $19.05M | 0.36% |
| 22 | HOUSTON TX REGD B/E 5.25000000 | — | 17,840,000 | $19.01M | 0.36% |
| 23 | NY ST HSG FIN-F-2 | — | 18,525,000 | $18.65M | 0.35% |
| 24 | CALIFORNIA COMMUNITY VAR | CCEDEV | 16,595,000 | $17.75M | 0.33% |
| 25 | NY NYCGEN 5.5 02/01/2048 | NYCGEN | 16,045,000 | $17.42M | 0.33% |
| 26 | NEW YORK ST DO 5% 3/15/2041 | — | 15,720,000 | $17.37M | 0.33% |
| 27 | SAN ANTONIO TX ELEC & GAS REVENUE | — | 17,100,000 | $17.29M | 0.32% |
| 28 | NY ST HSG FIN AGY-E | — | 16,500,000 | $16.58M | 0.31% |
| 29 | BATTERY PK REV 5.25% 11/1/55 | — | 15,400,000 | $16.47M | 0.31% |
| 30 | MT. LOUIS/JEFF HLTH 5% MT | LOUMED | 15,240,000 | $16.31M | 0.31% |
| 31 | NY TRANS FIN AUTH-C | — | 15,785,000 | $16.29M | 0.31% |
| 32 | NY ST HSG FIN AGY D-2 | — | 16,115,000 | $16.27M | 0.31% |
| 33 | SOUTHEAST ENERGY-D | SEEPWR | 14,410,000 | $15.88M | 0.30% |
| 34 | SAN ANTONIO TX ELEC GAS REVE SANUTL 02/49 FIXED 5.25 | — | 14,945,000 | $15.87M | 0.30% |
| 35 | WA ST HLTH CAR 5% MT | — | 14,115,000 | $15.55M | 0.29% |
| 36 | LOS ANGELES WTR-A-REF | LOSUTL | 14,275,000 | $15.52M | 0.29% |
| 37 | SAN ANTONIO TX ELEC & GAS REVENUE | — | 14,280,000 | $15.49M | 0.29% |
| 38 | NE CENPWR 08/01/2055 | CENPWR | 14,305,000 | $15.37M | 0.29% |
| 39 | MASSACHUSETTS ST DEV FIN AGY S REGD OID B/E 6.50000000 | MASFAC | 14,930,000 | $14.92M | 0.28% |
| 40 | MAIN STR NAT GA 5% MT | MAIUTL | 14,040,000 | $14.91M | 0.28% |
| 41 | Southeast Energy Authority, Alabama, Revenue Bonds, Cooperative District Energy Supply Series 2025B | SEEPWR | 13,945,000 | $14.76M | 0.28% |
| 42 | NYC TRANSITIONAL-G-1 | — | 13,955,000 | $14.58M | 0.27% |
| 43 | NY TRANSITIONAL FIN-B | — | 13,920,000 | $14.57M | 0.27% |
| 44 | NYC TRANSITIONAL-H-1 | — | 13,595,000 | $14.42M | 0.27% |
| 45 | STATE OF NEW JERSEY 5.0% 06-15-40 | — | 12,850,000 | $14.35M | 0.27% |
| 46 | State of New Jersey, Series 2020A | — | 13,000,000 | $14.07M | 0.26% |
| 47 | NYC TRANSITIONAL-C-1 | — | 13,355,000 | $14.06M | 0.26% |
| 48 | NY ST DORM AUTH PIT 22A 5.0% 03-15-41 | — | 12,850,000 | $13.97M | 0.26% |
| 49 | PHILA PA 5% 8/1/2030 | — | 12,610,000 | $13.97M | 0.26% |
| 50 | GEORGIA POWER CO (MPT) 2.9% 12-01-49 | — | 14,000,000 | $13.96M | 0.26% |
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