BIZD holdings

Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 71.19% at a quoted market price (level 1), one issuer country.

BIZD's largest investment is U.S. Treasury Bills at 16.83% of net assets. U.S. Treasury Bills and Ares Capital Corp follow; the three together are 47.91%. Ten companies are 77.58% of the fund; the other 24 share the rest. Among the 721 equity funds measured here, BIZD behaves like 10.4 holdings against a median of 42.4 — 4.0 times more concentrated than the median. Across 28 quarterly filings BIZD has become more concentrated: it behaved like 13.3 at 2019-10-31 and 10.4 at 2026-06-30. Between the 2026-03-31 and 2026-06-30 filings 2 positions were added and 1 dropped; 25.6% of the weight moved.

Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.

Between 2019-10-31 and 2026-06-30, BIZD went from behaving like 13.3 equally weighted positions to 10.4 — 22% fewer, while its top ten went from 70.89% to 77.58% of net assets. Read across the funds on the concentration-over-time table.

One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.

BIZD's filing lists 35 positions including 18.6% of net assets in securities-lending cash collateral. Counted as filed the fund reads 7.9 effective holdings with a top ten of 91.86%; on its own investments — the figure above — it reads 10.4 with a top ten of 77.58%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.

The 15 largest of 34 positions in BIZD's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: BIZD.csv.gz.

Monthly total returns from Item B.5 of BIZD's own filings, 83 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference 0.14 percentage points over 83 months, which is roughly the distributions. Every month with the filing it came from: BIZD.json · all funds.

The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-06-30, $430m was out to 23 borrowers, 26.35% of net assets. The largest, GOLDMAN SACHS & CO., held 31.4% of it.

Cash collateral reported against the loan: 18.60% of net assets, 70.6% of the amount lent. That is a floor on the collateral, not the whole of it — collateral the fund does not hold as a position is not in this filing, so a figure under 100% is not evidence of under-collateralisation. How that figure behaves across all funds. Every quarter BIZD has filed, with each borrower: BIZD.json · all funds.

33 positions became 34: 2 added (17.2% of the fund at the later date), 1 dropped (19.4% at the earlier date). Half the sum of all weight changes, a turnover proxy: 25.6%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of BIZD compared this way, as a feed: changes.xml · all funds: filings received.

New: United States Treasury (17.16%), Bank of America NA (0.01%). Gone: United States Treasury (19.41%).

71.2% of BIZD is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.

A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $1.63B. Notional of an interest-rate or currency swap is not equity exposure.

Financing leg as filed: the fund pays 1 day USD SOFR + 0.843% on $571M of long swap notional . Issuers fill the spread field differently (some file the all-in rate), so compare within an issuer, not across.

Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).

Every measured equity fund lined up by how many holdings it behaves like; these sit either side of BIZD (10.4). Same filings, same arithmetic. Position in this list says nothing about which fund is better.