Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
32
Top-10 weight
63.64%
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.
11
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.
652.0
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | US ULTRA BOND CBT Sep25 | — | 17,500,000 | $17.50M | 24.08% |
| 2 | U.S. Treasury Bills | B | 3,866,700 | $3.86M | 5.32% |
| 3 | United States Treasury Bill | — | 3,383,300 | $3.37M | 4.64% |
| 4 | U.S. Treasury Bills | — | 3,383,300 | $3.36M | 4.62% |
| 5 | U.S. Treasury Bills | — | 3,286,700 | $3.27M | 4.50% |
| 6 | Federal Home Loan Banks 3.906%, Due 04/15/2026 | — | 2,915,000 | $2.92M | 4.01% |
| 7 | U.S. Treasury Bills | — | 2,853,200 | $2.84M | 3.91% |
| 8 | U.S. Treasury Bills | B | 2,803,300 | $2.80M | 3.85% |
| 9 | U.S. Treasury Bills | — | 2,806,400 | $2.78M | 3.83% |
| 10 | U.S. Treasury Bills | — | 2,500,000 | $2.47M | 3.40% |
| 11 | U.S. Treasury Bills | 912797SX | 2,369,900 | $2.35M | 3.24% |
| 12 | Federal Home Loan Banks Floating Rate, Due 05/20/2026 | — | 2,000,000 | $1.99M | 2.74% |
| 13 | FANNIE MAE | — | 1,942,000 | $1.94M | 2.67% |
| 14 | U.S. Treasury Bills | — | 1,933,300 | $1.92M | 2.64% |
| 15 | U.S. Treasury Bills | — | 1,950,000 | $1.88M | 2.59% |
| 16 | U.S. Treasury Notes | — | 1,740,000 | $1.74M | 2.40% |
| 17 | U.S. Treasury Notes | — | 1,450,000 | $1.45M | 2.00% |
| 18 | U.S. Treasury Bills | B | 1,450,000 | $1.45M | 1.99% |
| 19 | United States Treasury Bill | — | 1,450,000 | $1.44M | 1.98% |
| 20 | U.S. Treasury Notes | TF | 1,305,000 | $1.31M | 1.80% |
| 21 | U.S. Treasury Bills | B | 1,309,600 | $1.30M | 1.79% |
| 22 | U.S. Treasury Bills | B | 1,208,300 | $1.20M | 1.65% |
| 23 | U.S. Treasury Bills | — | 1,160,000 | $1.15M | 1.59% |
| 24 | Federal Home Loan Banks 4.875%, Due 06/12/2026 | — | 1,000,000 | $1.00M | 1.38% |
| 25 | US ULTRA BOND CBT Sep25 | — | 1,000,000 | $1.00M | 1.38% |
| 26 | U.S. Treasury Bill | — | 1,000,000 | $988.92K | 1.36% |
| 27 | U.S. Treasury Bills | — | 966,700 | $936.21K | 1.29% |
| 28 | U.S. Treasury Bills | — | 935,400 | $926.32K | 1.27% |
| 29 | B 0 09/17/26 | — | 725,000 | $712.79K | 0.98% |
| 30 | STATE STREET INST U.S. GOVERNMENT MMKT OPP CLASS | OPGXX | 312,954 | $312.95K | 0.43% |
| 31 | Federal Home Loan Banks 1.9%, Due 12/14/2026 | — | 250,000 | $246.82K | 0.34% |
| 32 | Federal Home Loan Banks 1.35%, Due 12/07/2026 | — | 105,000 | $103.34K | 0.14% |
| 33 | Federal Home Loan Banks 1.05%, Due 12/23/2026 | — | 25,000 | $24.51K | 0.03% |
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