Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
321
Top-10 weight
16.31%
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.
133
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.
68.9
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | The PNC Financial Services Group, Inc. | PNC | 111,020,000 | $115.14M | 2.22% |
| 2 | Principal Government Money Market Fund - Class R-6 | — | 101,003,574 | $101.00M | 1.95% |
| 3 | BANK OF AMERICA CORP REGD V/R /PERP/ 6.25000000 | BAC | 86,175,000 | $88.67M | 1.71% |
| 4 | LIBMUT 7.8 03/15/37 | — | 76,240,000 | $88.32M | 1.71% |
| 5 | ING GROEP NV JR SUBORDINA 12/99 VAR | INTNED | 81,000,000 | $84.20M | 1.63% |
| 6 | BARCLAYS PLC REGD V/R /PERP/ 9.62500000 | BACR | 71,400,000 | $80.95M | 1.56% |
| 7 | NWG 8 1/8 PERP | NWG | 67,005,000 | $75.57M | 1.46% |
| 8 | Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/2027 | HBAN | 73,226,000 | $72.72M | 1.40% |
| 9 | METLIFE INC | — | 53,713,000 | $71.15M | 1.37% |
| 10 | C V6.625 PERP | C | 68,807,000 | $71.13M | 1.37% |
| 11 | METLIFE INC JR SUBORDINA 144A 04/68 9.25 | MET | 54,872,000 | $65.39M | 1.26% |
| 12 | CREDIT AGRICOLE SA F2V | ACAFP | 61,700,000 | $64.91M | 1.25% |
| 13 | Wells Fargo & Co. | — | 57,985,000 | $61.15M | 1.18% |
| 14 | ENBRIDGE INC SUBORDINATED 07/80 VAR | ENBCN | 59,201,000 | $60.25M | 1.16% |
| 15 | BNS 6 7/8 10/27/2085 | BNS | 55,200,000 | $56.99M | 1.10% |
| 16 | STT V6.7 PERP I | STT | 52,160,000 | $54.61M | 1.05% |
| 17 | GS V6.85 PERP | GS | 51,500,000 | $53.93M | 1.04% |
| 18 | State Street Corp., Series J | STT | 51,193,000 | $53.86M | 1.04% |
| 19 | JPMorgan Chase & Co., Series NN | — | 50,710,000 | $53.83M | 1.04% |
| 20 | BNP V7.75 PERP 144A | BNP | 50,000,000 | $53.22M | 1.03% |
| 21 | JPMorgan Chase & Co., Series OO | — | 50,200,000 | $52.58M | 1.02% |
| 22 | Bank of America Corp. | — | 48,600,000 | $50.88M | 0.98% |
| 23 | Wells Fargo & Co. | — | 47,100,000 | $50.26M | 0.97% |
| 24 | Royal Bank of Canada | — | 47,500,000 | $50.15M | 0.97% |
| 25 | BBVASM V7.75 PERP | BBVASM | 45,000,000 | $48.31M | 0.93% |
| 26 | SANTAN 9 5/8 PERP | SANTAN | 39,000,000 | $47.03M | 0.91% |
| 27 | BANCO SANTANDER SA REGD V/R /PERP/ SER * 9.62500000 | — | 42,000,000 | $46.65M | 0.90% |
| 28 | Royal Bank of Canada | — | 46,600,000 | $46.56M | 0.90% |
| 29 | Sumitomo Life Insurance Co. | SUMILF | 45,800,000 | $46.43M | 0.90% |
| 30 | Banco Bilbao Vizcaya Argentaria S.A. | — | 41,200,000 | $45.90M | 0.89% |
| 31 | RY 6.35 11/24/2084 | RY | 45,550,000 | $45.12M | 0.87% |
| 32 | Nordea Bank Abp | — | 43,100,000 | $44.24M | 0.85% |
| 33 | UBS V9.25 PERP 144A | UBS | 37,000,000 | $43.27M | 0.84% |
| 34 | CORPBOND | BK | 43,050,000 | $42.41M | 0.82% |
| 35 | SCGAU 5 1/8 09/24/2080 | — | 41,600,000 | $42.17M | 0.81% |
| 36 | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | HBAN | 41,210,000 | $41.52M | 0.80% |
| 37 | Bank of Nova Scotia (The) | — | 39,003,000 | $41.23M | 0.80% |
| 38 | Bank of Montreal | — | 37,793,000 | $40.03M | 0.77% |
| 39 | Citigroup Inc., Series DD | — | 37,855,000 | $39.92M | 0.77% |
| 40 | Argentum Netherlands BV for Swiss Re Ltd. | — | 38,620,000 | $39.14M | 0.76% |
| 41 | Invesco Preferred ETF | PGX | 3,431,414 | $39.12M | 0.76% |
| 42 | DOMINION ENERGY | — | 35,600,000 | $36.95M | 0.71% |
| 43 | MTB V3.5 PERP | MTB | 37,118,000 | $36.68M | 0.71% |
| 44 | Truist Financial Corp. Series Q Perpetual, 5.10%, 03/01/2030 | TFC | 35,906,000 | $36.31M | 0.70% |
| 45 | STANLN 7 3/4 PERP | STANLN | 35,000,000 | $36.30M | 0.70% |
| 46 | BNP PARIBAS SA JR SUBORDINA 144A 12/99 VAR | BNP | 34,000,000 | $35.71M | 0.69% |
| 47 | ENBRIDGE INC SUBORDINATED 03/78 VAR | ENBCN | 34,882,000 | $35.54M | 0.69% |
| 48 | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | HBAN | 33,673,000 | $34.51M | 0.67% |
| 49 | CITIZENS FINANCIAL GROUP JR SUBORDINA 12/99 VAR | CFG | 34,319,000 | $34.13M | 0.66% |
| 50 | Societe Generale SA (pfd) 10.00% 05/14/2174 Perpetual | SOCGEN | 30,100,000 | $33.22M | 0.64% |
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Machine-readable: JSON · Markdown. Programmatic access via the agent surface.