Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
33
Top-10 weight
45.51%
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.
27
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.
12.3
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | CLOSED-E | — | 319,771 | $4.48M | 6.90% |
| 2 | NEXPOINT DIVERSIFIED REAL ESTATE FUND | — | 877,806 | $4.10M | 6.32% |
| 3 | Taiwan Fund Inc/The/MD | TWN | 52,000 | $3.42M | 5.27% |
| 4 | CLOSED-E | — | 62,368 | $3.34M | 5.15% |
| 5 | Mexico Fund Inc/The | MXF | 130,000 | $2.72M | 4.20% |
| 6 | CLOSED-E | BPRE | 160,000 | $2.66M | 4.10% |
| 7 | CLOSED-E | — | 148,000 | $2.54M | 3.92% |
| 8 | Royce Global Trust, Inc. | RGT | 188,000 | $2.51M | 3.87% |
| 9 | CLOSED-E | BTX | 380,000 | $2.51M | 3.87% |
| 10 | FS Credit Opportunities Corporation USD Class | FSCO | 470,000 | $2.40M | 3.70% |
| 11 | SRH Total Return Fund, Inc. | STEW | 140,000 | $2.39M | 3.69% |
| 12 | FS Specialty Lending Fund | FSSL | 190,000 | $2.38M | 3.66% |
| 13 | Highland Global Allocation Fund | — | 290,000 | $2.33M | 3.59% |
| 14 | KOREA FUND INC THE | — | 49,895 | $2.24M | 3.45% |
| 15 | TEMPLETON DRAGON FUND INC | — | 210,000 | $2.23M | 3.44% |
| 16 | Destra Multi-Alternative Fund | DMA | 268,000 | $2.17M | 3.35% |
| 17 | HIGHL-OPP & INC | HFRO | 380,000 | $2.17M | 3.35% |
| 18 | CLOSED-E | BXSY | 141,063 | $2.08M | 3.21% |
| 19 | CLOSED-E | — | 130,000 | $2.07M | 3.19% |
| 20 | CLOSED-E | CET | 40,000 | $1.99M | 3.06% |
| 21 | Morgan Stanley China A Share Fund Inc | — | 109,619 | $1.92M | 2.96% |
| 22 | MEXICO EQUITY AND INCOME FUND INC THE | MXE | 132,000 | $1.70M | 2.63% |
| 23 | NEUBERGER NEXT GENERATION CONNECTIVITY FUND INC | NBXG | 129,790 | $1.67M | 2.58% |
| 24 | CLOUGH-GL OPP | GLO | 298,611 | $1.66M | 2.56% |
| 25 | Total Return Securities Fund COM | SWZ | 259,717 | $1.54M | 2.37% |
| 26 | European Equity Fund Inc/The | EEA | 141,440 | $1.40M | 2.16% |
| 27 | Clough Global Dividend and Income Fund | GLV | 232,798 | $1.38M | 2.12% |
| 28 | PIMCO CA MU INC | PCQ | 112,411 | $964.49K | 1.49% |
| 29 | CLOSED-E | CEE | 33,995 | $622.11K | 0.96% |
| 30 | Exor Nv EUR0.01 | EXXRF | 8,000 | $616.00K | 0.95% |
| 31 | FOREIGN | — | 130,000 | $576.36K | 0.89% |
| 32 | Clough Global Equity Fund | GLQ | 45,982 | $346.24K | 0.53% |
| 33 | Saba Capital Income & Opportunities Fund | BRW | 41,493 | $279.66K | 0.43% |
| 34 | Repurchase Agreement | — | -400,000 | -$400.00K | -0.62% |
| 35 | Repurchase Agreement | — | -500,000 | -$500.00K | -0.77% |
| 36 | Repurchase Agreement | — | -2,000,000 | -$2.00M | -3.08% |
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