Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
375
Top-10 weight
20.77%
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.
121
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.
484.5
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | Principal Government Money Market Fund - Class R-6 | — | 84,116,400 | $84.12M | 3.16% |
| 2 | World Gold Trust SPDR GLD MINIS | GLDM | 801,220 | $83.44M | 3.13% |
| 3 | U.S. Treasury Bills | — | 63,890,000 | $63.16M | 2.37% |
| 4 | Global X US Infrastructure Development ETF | PAVE | 1,006,200 | $55.43M | 2.08% |
| 5 | U.S. Treasury Bills | B | 51,885,000 | $51.76M | 1.94% |
| 6 | U.S. Treasury Bills | 912797TH | 49,450,000 | $49.24M | 1.85% |
| 7 | WELLTOWER INC | — | 231,580 | $47.96M | 1.80% |
| 8 | Enbridge Inc | — | 824,743 | $43.82M | 1.65% |
| 9 | PROLOGIS INC REIT | — | 302,799 | $43.17M | 1.62% |
| 10 | EQUINIX INC | — | 40,352 | $39.31M | 1.48% |
| 11 | NEXTERA ENERGY INC | — | 362,214 | $33.96M | 1.28% |
| 12 | AENA SME SA | — | 956,927 | $30.16M | 1.13% |
| 13 | GLOBAL X MLP ENERGY INFRASTRUCTURE ETF | MLPX | 402,400 | $28.66M | 1.08% |
| 14 | EXXON MOBIL CORP | — | 175,087 | $26.70M | 1.00% |
| 15 | U.S. Treasury Bills | — | 26,480,000 | $26.28M | 0.99% |
| 16 | VENTAS INC REIT | — | 284,581 | $24.52M | 0.92% |
| 17 | ADP | — | 168,916 | $23.57M | 0.89% |
| 18 | ENEL SPA | — | 1,931,064 | $23.22M | 0.87% |
| 19 | NEWMONT CORP | — | 178,579 | $23.22M | 0.87% |
| 20 | NATIONAL GRID PL | — | 1,213,973 | $22.71M | 0.85% |
| 21 | U.S. Treasury Bills | B | 22,680,000 | $22.67M | 0.85% |
| 22 | MITSUI FUDOSAN | — | 1,616,600 | $21.79M | 0.82% |
| 23 | AUCKLAND AIRPORT | — | 3,608,530 | $19.85M | 0.75% |
| 24 | ENGIE | — | 576,547 | $19.70M | 0.74% |
| 25 | WILLIAMS COS INC | — | 262,692 | $19.63M | 0.74% |
| 26 | TC Energy Corp | — | 304,137 | $19.54M | 0.73% |
| 27 | FREEPORT MCMORAN INC | — | 280,884 | $19.12M | 0.72% |
| 28 | ONEOK INC | — | 230,087 | $19.04M | 0.72% |
| 29 | SEMPRA ENERGY | — | 187,999 | $18.10M | 0.68% |
| 30 | ENTERGY CORP | — | 168,604 | $18.06M | 0.68% |
| 31 | CHENIERE ENERGY INC | — | 75,394 | $17.77M | 0.67% |
| 32 | AMERICAN HEALTHCARE REIT INC | — | 338,197 | $17.67M | 0.66% |
| 33 | NUTRIEN LTD | — | 230,744 | $17.35M | 0.65% |
| 34 | TRANSURBAN GROUP | — | 1,689,925 | $17.23M | 0.65% |
| 35 | ENAV SPA | — | 2,641,430 | $17.20M | 0.65% |
| 36 | GOODMAN GROUP | — | 834,468 | $17.17M | 0.64% |
| 37 | BP PLC | — | 2,602,854 | $16.87M | 0.63% |
| 38 | BHP GROUP LTD | — | 412,294 | $16.73M | 0.63% |
| 39 | EXTRA SPACE STORAGE INC | — | 110,645 | $16.71M | 0.63% |
| 40 | U.S. Treasury Bills | B | 16,645,000 | $16.58M | 0.62% |
| 41 | Canadian National Railway Co | — | 146,792 | $16.47M | 0.62% |
| 42 | AMERICAN ELECTRIC POWER CO INC | — | 118,123 | $15.81M | 0.59% |
| 43 | CONOCOPHILLIPS | — | 135,624 | $15.39M | 0.58% |
| 44 | E.ON SE | — | 657,731 | $15.30M | 0.57% |
| 45 | SHK PPT | — | 801,600 | $14.90M | 0.56% |
| 46 | EXELON CORP | — | 298,042 | $14.74M | 0.55% |
| 47 | AVALONBAY COMMUNITIES INC REIT | — | 82,117 | $14.55M | 0.55% |
| 48 | SHELL PLC | — | 335,969 | $14.07M | 0.53% |
| 49 | KINDER MORGAN INC | — | 415,166 | $13.81M | 0.52% |
| 50 | DIGITAL REALTY TRUST INC | — | 77,906 | $13.80M | 0.52% |
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