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.
7
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.
31.8
Holdings
As of April 30, 2026 · N-PORT
| # | Security | Ticker | Shares | Value | % of fund |
|---|
| 1 |
Madison Dividend Value ETF |
— |
860,000 |
$21.62M |
20.40% |
| 2 |
Madison Short-Term Strategic Income ETF |
— |
937,500 |
$19.08M |
18.00% |
| 3 |
Madison Aggregate Bond ETF |
— |
900,000 |
$18.19M |
17.16% |
| 4 |
Madison Covered Call ETF |
— |
785,000 |
$14.75M |
13.91% |
| 5 |
STATE STREET SPDR PORTFOLIO HI SS SPDR P HIGH YIELD ETF |
SPHY |
494,454 |
$11.64M |
10.99% |
| 6 |
SCHWAB US DVD EQUITY ETF MUTUAL FUND |
SCHD |
252,202 |
$8.09M |
7.63% |
| 7 |
V/E JPM EM L C B |
EMLC |
257,280 |
$6.58M |
6.21% |
| 8 |
GLOBAL X MLP ETF MUTUAL FUND |
— |
60,449 |
$3.36M |
3.17% |
| 9 |
iShares 5-10 Year Investment Grade Corporate Bond ETF |
IGIB |
38,500 |
$2.05M |
1.94% |
| 10 |
State Street Navigator Securities Lending Government Money Market Portfolio |
— |
1,242,350 |
$1.24M |
1.17% |
| 11 |
State Street Navigator Securities Lending Portfolio II |
GVMXX |
928,050 |
$928.05K |
0.88% |
| 12 |
Federal National Mortgage Association |
— |
1,489 |
$1.57K |
0.00% |
| 13 |
Government National Mortgage Association |
— |
1,330 |
$1.39K |
0.00% |
| 14 |
G2 3068 |
— |
1,278 |
$1.34K |
0.00% |
| 15 |
FED HM LN PC POOL C01005 FG 06/30 FIXED 8 |
— |
276 |
$286 |
0.00% |
| 16 |
Federal National Mortgage Association |
— |
158 |
$167 |
0.00% |
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