Each N-PORT filing of NBSD compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/nbsd/https://themulden.com/funds/nbsd/875 positions became 967: 167 added (22.06% of the fund), 75 dropped (5.72%). Turnover proxy 26%. Largest increases: Fannie Mae 0.32% to 0.59%; BANK OF NY MELLON CORP 0.2% to 0.38%; PNC FINANCIAL SERVICES 0.2% to 0.38%; US BANCORP 0.2% to 0.38%; JPMORGAN CHASE & CO 0.2% to 0.38%; CITIGROUP INC 0.2% to 0.38%. Largest decreases: State Street Global Advisors 5.35% to 3.65%; United States Treasury 4.1% to 3.13%; Fannie Mae 1.18% to 0.87%; NOVARTIS CAPITAL CORP 0.8% to 0.64%; AMERICAN EXPRESS CO 0.77% to 0.61%; Fannie Mae 0.49% to 0.33%. New: United States Treasury (2.81%), United States Treasury (1.88%), United States Treasury (0.94%), ABBOTT LABORATORIES (0.94%), Freddie Mac (0.71%), AMAZON.COM INC (0.71%). Gone: Mizuho Floater/Residual Trust (0.64%), ALPHABET INC (0.61%), UBER TECHNOLOGIES INC (0.29%), WELLS FARGO & COMPANY (0.2%), Rad CLO Ltd (0.2%), KNIFE RIVER CORP (0.17%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 26 Jun 2026 12:00:00 GMThttps://themulden.com/funds/nbsd/https://themulden.com/funds/nbsd/734 positions became 875: 189 added (29.28% of the fund), 48 dropped (7.1%). Turnover proxy 32%. Largest increases: Fannie Mae 0.2% to 0.49%; PACIFIC GAS & ELECTRIC 0.21% to 0.43%; MORGAN STANLEY 0.28% to 0.44%; WINDSOR HOLDINGS III LLC 0.07% to 0.22%; Freddie Mac 0.05% to 0.18%; IMPERIAL BRANDS FIN PLC 0.34% to 0.46%. Largest decreases: State Street Global Advisors 6.33% to 5.35%; Fannie Mae 1.81% to 1.18%; Mizuho Floater/Residual Trust 0.92% to 0.64%; WELLS FARGO & COMPANY 0.9% to 0.63%; Government National Mortgage Association 0.89% to 0.62%; Fannie Mae 0.55% to 0.33%. New: United States Treasury (4.1%), NOVARTIS CAPITAL CORP (0.8%), CONSTELLATION EN GEN LLC (0.67%), ALPHABET INC (0.61%), Government National Mortgage Association (0.47%), PFIZER INC (0.46%). Gone: CAPITAL ONE FINANCIAL CO (0.87%), META PLATFORMS INC (0.68%), ORACLE CORP (0.53%), ALLY FINANCIAL INC (0.49%), JETS STADIUM DEVELOPMENT (0.39%), CAPITAL ONE FINANCIAL CO (0.28%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 24 Mar 2026 12:00:00 GMThttps://themulden.com/funds/nbsd/https://themulden.com/funds/nbsd/604 positions became 734: 177 added (33.14% of the fund), 47 dropped (8.02%). Turnover proxy 37.6%. Largest increases: CAPITAL ONE FINANCIAL CO 0.49% to 0.87%; Navient Student Loan Trust 0.1% to 0.43%; State Street Global Advisors 6.07% to 6.33%; ALLY FINANCIAL INC 0.24% to 0.49%; Fannie Mae 0.31% to 0.55%; M&T BANK CORPORATION 0.14% to 0.32%. Largest decreases: Mizuho Floater/Residual Trust 1.56% to 0.92%; MIZUHO FINANCIAL GROUP 1.21% to 0.71%; BANK OF AMERICA CORP 1.05% to 0.62%; AT&T INC 0.89% to 0.53%; Freddie Mac 0.68% to 0.37%; CVS HEALTH CORP 1.04% to 0.73%. New: Fannie Mae (1.81%), AMERICAN EXPRESS CO (0.97%), WELLS FARGO & COMPANY (0.9%), Government National Mortgage Association (0.89%), META PLATFORMS INC (0.68%), Fannie Mae (0.62%). Gone: CHARTER COMM OPT LLC/CAP (0.66%), Fannie Mae - CAS (0.46%), PHILIP MORRIS INTL INC (0.43%), BROADCOM INC (0.41%), L3HARRIS TECH INC (0.37%), MARS INC (0.36%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 23 Dec 2025 12:00:00 GMThttps://themulden.com/funds/nbsd/https://themulden.com/funds/nbsd/455 positions became 604: 187 added (33.75% of the fund), 38 dropped (7.4%). Turnover proxy 38%. Largest increases: JPMORGAN CHASE & CO 0.6% to 0.98%; CITIGROUP INC 0.39% to 0.69%; AERCAP IRELAND CAP/GLOBA 0.34% to 0.6%; BOEING CO/THE 0.39% to 0.63%; FOUNDRY JV HOLDCO LLC 0.38% to 0.61%; ARIS WATER HOLDINGS LLC 0.03% to 0.21%. Largest decreases: State Street Global Advisors 13.47% to 6.07%; Mizuho Floater/Residual Trust 2.34% to 1.56%; VERIZON COMMUNICATIONS 0.66% to 0.22%; OCP CLO Ltd 1.09% to 0.73%; Freddie Mac 1% to 0.64%; Trestles CLO LTD 1.08% to 0.72%. New: MIZUHO FINANCIAL GROUP (1.21%), AT&T INC (0.89%), TRUIST BANK (0.74%), Freddie Mac (0.68%), JETS STADIUM DEVELOPMENT (0.67%), DELTA AIR LINES INC (0.61%). Gone: WALMART INC (0.92%), WARNERMEDIA HOLDINGS INC (0.66%), BROADCOM INC (0.46%), DELL INT LLC / EMC CORP (0.43%), Freddie Mac - STACR (0.36%), HP ENTERPRISE CO (0.35%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 24 Sep 2025 12:00:00 GMThttps://themulden.com/funds/nbsd/https://themulden.com/funds/nbsd/388 positions became 455: 94 added (23.54% of the fund), 27 dropped (8.87%). Turnover proxy 30%. Largest increases: State Street Global Advisors 7.74% to 13.47%; N/A 0.11% to 0.33%; Morgan Stanley Residential Mortgage Loan Trust 0.1% to 0.27%; JPMORGAN CHASE & CO 0.49% to 0.6%; BOEING CO 0.59% to 0.65%; AMERICAN AIRLINES/AADVAN 0.16% to 0.21%. Largest decreases: Freddie Mac 1.33% to 1%; Freddie Mac 1.25% to 0.92%; Trestles CLO LTD 0.92% to 0.66%; LLOYDS BANKING GROUP PLC 0.98% to 0.75%; Fannie Mae - CAS 0.91% to 0.69%; Fannie Mae 0.87% to 0.65%. New: Mizuho Floater/Residual Trust (2.34%), OCP CLO Ltd (1.09%), BANK OF AMERICA CORP (1.09%), Trestles CLO LTD (1.08%), WALMART INC (0.92%), CHARTER COMM OPT LLC/CAP (0.83%). Gone: WELLS FARGO & COMPANY (1.26%), ORACLE CORP (1.22%), BANK OF AMERICA CORP (1.18%), WARNERMEDIA HOLDINGS INC (0.89%), JPMORGAN CHASE & CO (0.73%), Voya CLO Ltd (0.6%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 24 Jun 2025 12:00:00 GMThttps://themulden.com/funds/nbsd/https://themulden.com/funds/nbsd/350 positions became 388: 63 added (16.04% of the fund), 25 dropped (6.62%). Turnover proxy 17.6%. Largest increases: State Street Global Advisors 6.79% to 7.74%; CVS Health Corp 0.57% to 0.91%; Fannie Mae 0.48% to 0.62%; Freddie Mac 0.49% to 0.6%; VERITIV OPERATING CO 0.11% to 0.14%; JP Morgan Chase Commercial Mortgage Sec Trust 0.09% to 0.09%. Largest decreases: BANCO SANTANDER SA 0.69% to 0.02%; N/A 0.51% to 0.11%; BANCO SANTANDER SA 0.29% to 0.03%; COMM Mortgage Trust 0.28% to 0.09%; Freddie Mac 1.52% to 1.33%; Freddie Mac 1.43% to 1.25%. New: ORACLE CORP (1.22%), LLOYDS BANKING GROUP PLC (0.98%), ATHENE GLOBAL FUNDING (0.8%), Freddie Mac (0.61%), Government National Mortgage Association (0.61%), Government National Mortgage Association (0.61%). Gone: ALLY FINANCIAL INC (1.07%), Signal Peak CLO, LLC (0.66%), BOEING CO/THE (0.56%), JACKSON NATL LIFE GLOBAL (0.51%), VERIZON COMMUNICATIONS (0.47%), CITIGROUP INC (0.42%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 25 Mar 2025 12:00:00 GMThttps://themulden.com/funds/nbsd/https://themulden.com/funds/nbsd/338 positions became 350: 60 added (15.65% of the fund), 48 dropped (12.15%). Turnover proxy 17.6%. Largest increases: State Street Global Advisors 6.26% to 6.79%; BROADCOM INC 0.41% to 0.89%; ATHENAHEALTH GROUP INC 0.12% to 0.37%; COMSTOCK RESOURCES INC 0.07% to 0.27%; Navient Student Loan Trust 0.15% to 0.25%; AMERICAN AIRLINES/AADVAN 0.07% to 0.17%. Largest decreases: Fannie Mae - CAS 0.52% to 0.25%; EQUIPMENTSHARE.COM INC 0.38% to 0.13%; Fannie Mae - CAS 1.18% to 1%; CHAMPIONS FINANCING INC 0.32% to 0.18%; MEDLINE BORROWER LP 0.22% to 0.1%; Freddie Mac 1.56% to 1.43%. New: ALLY FINANCIAL INC (1.07%), CITIGROUP INC (1.06%), Trestles CLO LTD (0.99%), Oaktree CLO Ltd (0.79%), Signal Peak CLO, LLC (0.66%), HP ENTERPRISE CO (0.51%). Gone: GENERAL MOTORS FINL CO (0.99%), Oaktree CLO Ltd (0.82%), JPMORGAN CHASE & CO (0.75%), OCCIDENTAL PETROLEUM COR (0.67%), 37 Capital CLO Ltd (0.6%), Whitebox CLO III Ltd (0.6%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 27 Dec 2024 12:00:00 GMT