Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
226
Top-10 weight
20.41%
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.
97
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.
115.1
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | WHEAT SEP 26 | WU6 | 2,070 | $235.59M | 3.90% |
| 2 | State Street Navigator Securities Lending Government Money Market Portfolio | — | 190,584,692 | $190.58M | 3.15% |
| 3 | UBS V9.25 PERP 144A | UBS | 107,094,000 | $125.25M | 2.07% |
| 4 | BARCLAYS PLC REGD V/R /PERP/ 9.62500000 | BACR | 96,433,000 | $109.33M | 1.81% |
| 5 | NWG 8 1/8 PERP | NWG | 89,103,000 | $100.49M | 1.66% |
| 6 | SECBEN V9.508 PERP 144A | SECBEN | 94,664,000 | $94.16M | 1.56% |
| 7 | SANTAN 9 5/8 PERP | SANTAN | 78,000,000 | $94.05M | 1.56% |
| 8 | SANTAN 8 PERP | SANTAN | 85,000,000 | $93.76M | 1.55% |
| 9 | Bank of Montreal | — | 79,372,000 | $84.51M | 1.40% |
| 10 | JPMorgan Chase & Co., Series NN | — | 73,116,000 | $77.61M | 1.28% |
| 11 | NATWEST GROUP PLC JR SUBORDINA 12/99 VAR | NWG | 71,624,000 | $76.04M | 1.26% |
| 12 | Nuveen Preferred And Income ETF | NPFI | 2,847,000 | $75.06M | 1.24% |
| 13 | Bank of America Corp. | — | 70,396,000 | $73.70M | 1.22% |
| 14 | ENBRIDGE INC SUBORDINATED 01/84 VAR | ENBCN | 62,532,000 | $72.17M | 1.19% |
| 15 | BNP PARIBAS SA JR SUBORDINA 144A 12/99 VAR | BNP | 64,127,000 | $70.04M | 1.16% |
| 16 | Credit Agricole SA | — | 65,935,000 | $67.69M | 1.12% |
| 17 | HSBC HOLDINGS PLC JR SUBORDINA 12/99 VAR | — | 61,624,000 | $64.96M | 1.08% |
| 18 | C V6.625 PERP | C | 62,359,000 | $64.47M | 1.07% |
| 19 | ESGR 7 PERP | ESGRF | 2,729,044 | $64.13M | 1.06% |
| 20 | WHEAT SEP 26 | WU6 | 517 | $62.86M | 1.04% |
| 21 | WHEAT SEP 26 | WU6 | 523 | $61.96M | 1.03% |
| 22 | LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR | LLOYDS | 58,896,000 | $61.03M | 1.01% |
| 23 | Assured Guaranty Municipal Holdings, Inc. | — | 64,240,000 | $60.84M | 1.01% |
| 24 | RY V6.5 05/24/86 | RY | 60,763,000 | $60.69M | 1.00% |
| 25 | LLAKES 7 1/4 PERP | LLAKES | 65,313,000 | $60.41M | 1.00% |
| 26 | Societe Generale SA (pfd) 10.00% 05/14/2174 Perpetual | SOCGEN | 54,126,000 | $59.74M | 0.99% |
| 27 | NORDEA BANK ABP F2V | NDAFH | 56,602,000 | $58.47M | 0.97% |
| 28 | BBVASM V7.75 PERP | BBVASM | 52,800,000 | $56.69M | 0.94% |
| 29 | HSBC Holdings PLC Floating rate, Due 12/31/2049 | — | 53,510,000 | $56.44M | 0.93% |
| 30 | Phoenix Group Holdings PLC | — | 49,816,000 | $54.18M | 0.90% |
| 31 | ASSURANT INC SUBORDINATED 03/48 VAR | AIZ | 51,650,000 | $53.20M | 0.88% |
| 32 | BNS 6 7/8 10/27/2085 | BNS | 51,320,000 | $52.99M | 0.88% |
| 33 | SECBEN 6 1/2 PERP | SECBEN | 58,600,000 | $52.89M | 0.88% |
| 34 | RY V6.75 08/24/85 | RY | 49,105,000 | $50.95M | 0.84% |
| 35 | BNP V7.75 PERP 144A | BNP | 47,866,000 | $50.95M | 0.84% |
| 36 | ET V7.125 PERP G | ET | 48,683,000 | $50.50M | 0.84% |
| 37 | Banco Bilbao Vizcaya Argentaria S.A. | — | 44,883,000 | $50.00M | 0.83% |
| 38 | Truist Financial Corp., Series N | TFC | 48,536,000 | $48.72M | 0.81% |
| 39 | CREDIT AGRICOLE SA F2V | ACAFP | 46,064,000 | $48.46M | 0.80% |
| 40 | Goldman Sachs Group, Inc. (The), Series X | — | 45,460,000 | $48.39M | 0.80% |
| 41 | Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual | SOCGEN | 45,240,000 | $48.19M | 0.80% |
| 42 | The PNC Financial Services Group, Inc. | PNC | 45,844,000 | $47.54M | 0.79% |
| 43 | Wells Fargo & Co. | — | 44,179,000 | $46.59M | 0.77% |
| 44 | HSBC Holdings PLC, Series | — | 44,378,000 | $46.09M | 0.76% |
| 45 | BANK OF AMERICA CORP REGD V/R /PERP/ 6.25000000 | BAC | 44,789,000 | $46.09M | 0.76% |
| 46 | ING GROEP NV JR SUBORDINA 12/99 VAR | INTNED | 43,158,000 | $44.86M | 0.74% |
| 47 | BNP PARIBAS SA JR SUBORDINA 144A 12/99 VAR | BNP | 42,213,000 | $44.60M | 0.74% |
| 48 | Societe Generale SA | — | 39,975,000 | $44.46M | 0.74% |
| 49 | GM V5.75 PERP A | GM | 43,118,000 | $43.20M | 0.71% |
| 50 | JPMorgan Chase & Co., Series OO | — | 40,809,000 | $42.75M | 0.71% |
1 / 5
Next ›
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.