TFLR 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: 11.57% at a quoted market price (level 1), 11 issuer countries, 0.05% restricted securities.

The largest line in TFLR's filing is not a stock but T. Rowe Price Government Reserve Fund, a short-term position at 12.59% of net assets. Ten companies are 21.95% of the fund; the other 350 share the rest. Among the 6 loan funds measured here, TFLR behaves like 55.6 holdings against a median of 105.4 — 1.9 times more concentrated than the median. Across 15 quarterly filings TFLR has become less concentrated: it behaved like 4.2 at 2022-11-30 and 55.6 at 2026-05-31. Between the 2026-02-28 and 2026-05-31 filings 57 positions were added and 39 dropped; 20.7% of the weight moved.

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

Between 2022-11-30 and 2026-05-31, TFLR went from behaving like 4.2 equally weighted positions to 55.6 — 1224% more, while its top ten went from 56.76% to 21.95% 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.

The 15 largest of 360 positions in TFLR's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: TFLR.csv.gz.

Share of TFLR's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.

Monthly total returns from Item B.5 of TFLR's own filings, 43 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: TFLR.json · all funds.

310 positions became 328: 57 added (13.3% of the fund at the later date), 39 dropped (10.1% at the earlier date). Half the sum of all weight changes, a turnover proxy: 20.7%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of TFLR compared this way, as a feed: changes.xml · all funds: filings received.

New: ELECTRONIC ARTS TL B 1L BANKDEBT (1.25%), EDELMAN TL 1L BANKDEBT (0.95%), HOLOGIC TL B 1L USD BANKDEBT (0.80%), ATHENAHEALTH TL B 1L BANKDEBT (0.78%), LEVEL 3 FINANCING INC TL B5 1L USD BANKDEBT (0.73%), CLARIOS GLOBAL LP TL B 1L BANKDEBT (0.69%). Gone: MEDLINE TL B 1L BANKDEBT (0.81%), LEVEL 3 TL B4 1L BANKDEBT (0.80%), LTI HOLDINGS INC TL B 1L USD BANKDEBT (0.76%), CLARIOS GLOBAL TL B 1L BANKDEBT (0.72%), X/TWITTER TL 1L BANKDEBT (0.67%), X/TWITTER TL B1 1L BANKDEBT (0.67%).

11.6% of TFLR is carried at a quoted market price (fair-value level 1); 2.0% at level 3, priced from the filer's own inputs. 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 $613M. Notional of an interest-rate or currency swap is not equity exposure.

Financing leg as filed: the fund pays 12 mo. Secured Overnight Financing Rate + 0% on $6M 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 loan fund lined up by how many holdings it behaves like; these sit either side of TFLR (55.6). Same filings, same arithmetic. Position in this list says nothing about which fund is better.