Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
22
Top-10 weight
78.98%
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.
13
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.
393.4
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MPLX LP PARTNERSHIP SHARES | MPLX US | 1,016,641 | $59.92M | 18.48% |
| 2 | TARGA RESOURCES CORP | — | 230,475 | $54.35M | 16.76% |
| 3 | MLP | ET | 2,830,796 | $53.33M | 16.45% |
| 4 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 1,101,388 | $45.81M | 14.13% |
| 5 | Enterprise Products Partners LP | — | 1,216,714 | $43.97M | 13.56% |
| 6 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 1,472,848 | $30.80M | 9.50% |
| 7 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 637,177 | $24.65M | 7.60% |
| 8 | SUNOCO LP PARTNERSHIP SHARES | SUN | 355,489 | $22.68M | 6.99% |
| 9 | WILLIAMS COS INC | — | 227,702 | $17.01M | 5.25% |
| 10 | ONEOK INC | — | 203,135 | $16.81M | 5.19% |
| 11 | CHENIERE ENERGY INC | — | 68,683 | $16.19M | 4.99% |
| 12 | TC ENERGY CORP | — | 176,338 | $11.35M | 3.50% |
| 13 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 625,200 | $11.29M | 3.48% |
| 14 | KINDER MORGAN INC | — | 334,872 | $11.14M | 3.44% |
| 15 | SunocoCorp LLC COM SHS LLC | SUNC US | 184,385 | $11.04M | 3.41% |
| 16 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 399,652 | $9.01M | 2.78% |
| 17 | KODIAK GAS SERVICES INC | — | 155,505 | $8.49M | 2.62% |
| 18 | ENBRIDGE INC | — | 148,037 | $7.87M | 2.43% |
| 19 | ARCHROCK INC | — | 145,652 | $5.15M | 1.59% |
| 20 | KINETIK HOLDINGS INC | — | 92,652 | $4.21M | 1.30% |
| 21 | Invesco Treasury Portfolio, Institutional Class | — | 1,642,167 | $1.64M | 0.51% |
| 22 | Invesco Government & Agency Portfolio, Institutional Class | — | 884,244 | $884.24K | 0.27% |
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