Why >100%? Leveraged funds (typically PIMCO/BlackRock global bond strategies) use derivatives and borrowing to exceed 100% notional sector exposure. The percentage shown is real economic exposure; total notional across all sectors can sum to 150-200%.
Top Securitized Holdings Across Funds
—
FNMA TBA 5.0% MAY 30YR 5.00% 13/05/2056
Unknown
13.42%
in 3 funds
—
UMBS 30YR TBA(REG A)
Unknown
12.13%
in 2 funds
—
GERMANY (FEDERAL REPUBLIC OF) 2.1 03/15/2028
Unknown
8.07%
in 1 funds
—
FNMA TBA 6.0% JUN 30YR 6.00% 11/06/2056
Unknown
7.74%
in 2 funds
—
FNMA TBA 6.5% JUN 30YR 6.50% 11/06/2056
Unknown
7.71%
in 3 funds
—
UMBS 30YR TBA
Unknown
6.56%
in 1 funds
—
GNMA II TBA 4.5% MAY 30YR JMBO 4.50% 20/05/2056
Unknown
5.78%
in 1 funds
—
FNMA TBA 6.0% JUL 30YR 6.00% 13/07/2056
Unknown
5.54%
in 2 funds
Conviction Score vs MSCI Benchmark
Fund weight vs MSCI World benchmark (0%)
Mortgage Opportuniti..
+120.1%
Low Duration Income ..
+61.3%
Total Return Bond Fund
+47%
StocksPLUS Fund
+42.7%
BlackRock Global Bon..
+33.4%
Fixed Income Global ..
+32.5%
Neuberger Short Dura..
+23.9%
Allianz Global Float..
+18%
Income Opportunities
+17.8%
Euro Short Duration ..
+17.8%
Performance Chart
Top 10-fund composite (rebased to 100, equal-weighted)
Real fund NAV data 2025-06-24 → 2026-04-24