Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
1411
Top-10 weight
39.60%
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.
40
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.
82.5
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 51 | PAID 2026-R1 A 144A 4.714% 12-15-33 | — | 23,017,000 | $23.07M | 0.18% |
| 52 | CISCO SYSTEMS | — | 22,535,000 | $22.76M | 0.18% |
| 53 | SOUTHERN CAL ED | — | 22,025,000 | $22.66M | 0.18% |
| 54 | SORT 2021-1A A1 | — | 27,439,224 | $22.65M | 0.18% |
| 55 | US TREASURY N/B | — | 23,000,000 | $21.88M | 0.17% |
| 56 | BX Commercial Mortgage Trust 2024-BIO2 | — | 21,410,000 | $21.76M | 0.17% |
| 57 | SCFET 2024-1A A3 144A 5.52% 01-20-32 | SCFET | 20,230,000 | $20.66M | 0.16% |
| 58 | VW 5.05 03/27/28 144A | VW | 20,000,000 | $20.33M | 0.16% |
| 59 | NATIONAL AUSTRALIA BANK LTD SR UNSEC 4.5% 10-26-27 | 632525CA | 20,000,000 | $20.28M | 0.16% |
| 60 | SWEDBANK AB | — | 20,000,000 | $20.24M | 0.16% |
| 61 | SWCH COMMERCIAL MORTGAGE TRUST SWCH 2025 DATA A 144A | SWCH | 20,328,000 | $20.18M | 0.16% |
| 62 | ONSLOW BAY FINANCIAL LLC OBX 2024 NQM8 A1 144A | OBX | 19,810,483 | $20.08M | 0.16% |
| 63 | FR SD8525 | — | 19,555,629 | $20.07M | 0.16% |
| 64 | US TREASURY N/B | — | 19,395,600 | $20.04M | 0.16% |
| 65 | FNCL UMBS 5.5 RJ2917 11-01-54 | — | 19,595,998 | $19.95M | 0.16% |
| 66 | VERUS SECURITIZATION TRUST VERUS 2024 3 A1 144A | VERUS | 19,659,723 | $19.93M | 0.16% |
| 67 | FR SD3825 | — | 19,155,127 | $19.92M | 0.16% |
| 68 | TPMT 2015-5 B1 144A FRN 05-25-55 | — | 19,970,000 | $19.85M | 0.16% |
| 69 | FORDF 2025-2 A1 | — | 19,556,000 | $19.73M | 0.15% |
| 70 | US TREASURY N/B | — | 20,000,000 | $19.63M | 0.15% |
| 71 | US TREASURY N/B | — | 19,325,700 | $19.38M | 0.15% |
| 72 | SDART 2025-4 A3 | — | 19,220,000 | $19.33M | 0.15% |
| 73 | US TREASURY N/B | — | 19,000,000 | $19.31M | 0.15% |
| 74 | FNCL UMBS 6.0 CB7932 02-01-54 | — | 18,668,800 | $19.24M | 0.15% |
| 75 | BANK OF AMER CRP | — | 18,900,000 | $19.05M | 0.15% |
| 76 | VZMT 2025-7 A1A | — | 18,583,000 | $18.73M | 0.15% |
| 77 | US TREASURY N/B | — | 17,820,700 | $18.31M | 0.14% |
| 78 | BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A | BOCA | 18,155,000 | $18.26M | 0.14% |
| 79 | FN MA5191 | — | 17,761,154 | $18.23M | 0.14% |
| 80 | AMERICAN EXPRESS | — | 18,000,000 | $18.04M | 0.14% |
| 81 | OBX Trust, Series 2025-NQM1, Class A1 | — | 17,842,188 | $18.03M | 0.14% |
| 82 | MLANE 2025-B A 144A 5.06% 09-15-31 | — | 17,757,000 | $17.89M | 0.14% |
| 83 | ONSLOW BAY FINANCIAL LLC OBX 2024 NQM17 A1 144A | — | 17,645,239 | $17.86M | 0.14% |
| 84 | Citigroup Commercial Mortgage Trust 2023-PRM3 | — | 17,000,000 | $17.72M | 0.14% |
| 85 | SYNIT 2025-A2 A | — | 17,351,000 | $17.64M | 0.14% |
| 86 | RPM 2025-4A A2 144A 5.124% 04-25-34 | — | 17,390,000 | $17.48M | 0.14% |
| 87 | BLKMM 2025-2A A CLO 144A FRN 11-21-33 | — | 17,410,000 | $17.43M | 0.14% |
| 88 | THE HUNTINGTON NATIONAL BANK HACLN 2025 1 B 144A | 446438SX | 17,272,600 | $17.43M | 0.14% |
| 89 | Hertz Vehicle Financing LLC, Series 2025-3A, Class A | — | 16,917,000 | $17.32M | 0.14% |
| 90 | AMERICAN HONDA F | — | 16,702,000 | $17.11M | 0.13% |
| 91 | TRNTS 2020-12A A1R2 CLO 144A FRN 04-25-33 | TRNTS | 17,090,398 | $17.10M | 0.13% |
| 92 | CPTRS 2024-1A A2 144A 5.58% 07-20-32 | — | 16,599,080 | $16.92M | 0.13% |
| 93 | MLANE 2024-A A1 144A 6.2% 08-15-29 | — | 16,670,000 | $16.74M | 0.13% |
| 94 | Hertz Vehicle Financing LLC, Series 2023-1A, Class A | — | 16,665,833 | $16.68M | 0.13% |
| 95 | JOHNSON&JOHNSON | — | 16,500,000 | $16.66M | 0.13% |
| 96 | FNCL UMBS 6.5 FS6873 01-01-54 | — | 16,014,698 | $16.66M | 0.13% |
| 97 | BX Trust, Series 2021-SDMF, Class A | — | 16,595,925 | $16.59M | 0.13% |
| 98 | SPACE COAST CREDIT UNION SCCU 2025 1A A2 144A | — | 16,526,769 | $16.58M | 0.13% |
| 99 | VStrong Auto Receivables Trust, Series 2024-A, Class B | — | 16,150,000 | $16.40M | 0.13% |
| 100 | ALPHABET INC | — | 16,232,000 | $16.34M | 0.13% |
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