VNLA 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: 0.36% at a quoted market price (level 1), 21 issuer countries, 41.35% restricted securities.

VNLA's largest investment is AutoNation Inc at 2.39% of net assets. Humana Inc and Morgan Stanley Bank NA follow; the three together are 5.66%. Ten companies are 10.59% of the fund; the other 353 share the rest. Among the 192 bond funds measured here, VNLA behaves like 217.8 holdings against a median of 236.4 — close to the median. Across 27 quarterly filings VNLA has become more concentrated: it behaved like 204.5 at 2019-10-31 and 154.4 at 2026-04-30. Between the 2026-01-31 and 2026-04-30 filings 55 positions were added and 34 dropped; 26.4% of the weight moved. the United States is the largest country at 70.75% of the portfolio, across 21 countries in the filing.

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

Between 2019-10-31 and 2025-07-31, VNLA went from behaving like 204.5 equally weighted positions to 154.4 — 25% fewer, while its top ten went from 11.71% to 14.74% 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 363 positions in VNLA's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: VNLA.csv.gz.

Share of VNLA'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 VNLA's own filings, 81 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference 0.04 percentage points over 81 months, which is roughly the distributions. Every month with the filing it came from: VNLA.json · all funds.

311 positions became 332: 55 added (25.2% of the fund at the later date), 34 dropped (16.9% at the earlier date). Half the sum of all weight changes, a turnover proxy: 26.4%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of VNLA compared this way, as a feed: changes.xml · all funds: filings received.

New: AutoNation, Inc. (2.36%), Humana, Inc. (1.89%), Global Payments, Inc. (1.29%), Enbridge, Inc. (1.16%), Stellantis Financial Services US Corp. (1.15%), Oracle Corp. (1.00%). Gone: Global Payments, Inc. (3.02%), Air Lease Corp. (1.59%), Goldman Sachs Bank USA (1.14%), Jabil, Inc. (1.05%), Enbridge, Inc. (0.92%), Korea Electric Power Corp. (0.80%).

0.4% of VNLA 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 $3.22B. Notional of an interest-rate or currency swap is not equity exposure.

Financing leg as filed: the fund pays BBR + 0% on $647M 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 debt fund lined up by how many holdings it behaves like; these sit either side of VNLA (217.8). Same filings, same arithmetic. Position in this list says nothing about which fund is better.