SEC NPORT-P fund-type stats

CMBS Holdings by Fund Type (2026)

A source-backed view of CMBS fund holdings by type: bond funds, ETFs, allocation funds, target date funds, money market funds, and real estate funds. Values come from SEC NPORT-P holdings mapped to DealCharts CMBS deal records.

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Latest filing date in the mapped index: 2026-07-30. Rows are point-in-time filing observations, not investment advice or ratings.

Bond fund CMBS exposure$6.2B (74.9%)

ETF CMBS exposure$193M (45 funds)

Allocation fund exposure$1.1B (13.3%)

Money market CMBS$0

Mapped fund types8

CMBS holdings by fund type

Mapped exposure by fund category

443 funds and $8.2B in mapped CMBS holdings

Fund type	Holdings	% mapped CMBS	Funds	Deal links	Largest mapped holder
Bond / income	$6.2B	74.9%	285	2,451	DoubleLine Total Return Bond Fund
Allocation / multi-asset	$1.1B	13.3%	40	301	American Balanced Fund
Other	$371M	4.52%	57	389	Putnam Mortgage Opportunities Fund
Real estate / mortgage	$293M	3.57%	10	153	Blackstone Real Estate Income Master Fund
ETF	$193M	2.34%	45	328	iShares Core Universal USD Bond ETF
Closed-end / term	$82.1M	1.00%	2	20	Invesco High Income 2023 Target Term Fund
Target date / retirement	$20.8M	0.25%	1	8	College Retirement Equities Fund - Core Bond Account
Variable insurance	$4.0M	0.05%	3	10	Macquarie VIP Asset Strategy Series
Money market	$0	0.00%	0	0	No mapped holders

Bond / income

Bond funds carry most mapped CMBS exposure

Mapped holdings$6.2B

Funds285

Deal links2,451

285 bond and income funds account for $6.2B in mapped CMBS holdings. This is the core category for bond fund CMBS exposure queries.

DoubleLine Total Return Bond Fund $986M across 155 mapped CMBS deals
JPMorgan Income Fund $893M across 157 mapped CMBS deals
Bond Fund of America $569M across 109 mapped CMBS deals
American Funds Multi-Sector Income Fund $490M across 91 mapped CMBS deals
Intermediate Bond Fund of America $326M across 76 mapped CMBS deals

ETF

ETF exposure is smaller but highly searchable

Mapped holdings$193M

Funds45

Deal links328

45 ETFs appear in the mapped holder index. ETF rows are useful for ticker-driven analysts even when exchange tickers are not present in the lightweight table.

iShares Core Universal USD Bond ETF $61.7M across 28 mapped CMBS deals
Putnam ESG Core Bond ETF $33.0M across 41 mapped CMBS deals
Columbia Short Duration Bond ETF $17.9M across 55 mapped CMBS deals
iShares Short Duration Bond Active ETF $11.9M across 2 mapped CMBS deals
Capital Group Core Bond ETF $7.7M across 2 mapped CMBS deals

Money market

Money market funds show no mapped CMBS row today

Mapped holdings$0

Funds0

Deal links0

The current public CMBS holder index does not map CMBS exposure to money market funds. The row stays visible because the analyst question is common and should not be answered by omission.No funds in this type appear in the current mapped CMBS holder index.

Target date / retirement

Target date and retirement exposure is narrow

Mapped holdings$20.8M

Funds1

Deal links8

1 target date or retirement fund appears in the current mapped index. Treat this as a coverage signal, not a broad retirement-plan market statistic.

College Retirement Equities Fund - Core Bond Account $20.8M across 8 mapped CMBS deals

Allocation / multi-asset

Allocation funds create cross-asset CMBS context

Mapped holdings$1.1B

Funds40

Deal links301

40 allocation or multi-asset funds carry $1.1B in mapped CMBS exposure, making them useful for portfolio-overlap and risk-context questions.

American Balanced Fund $950M across 70 mapped CMBS deals
Capital Income Builder $39.8M across 11 mapped CMBS deals
Pioneer Multi-Asset Income Fund $14.8M across 3 mapped CMBS deals
Columbia Balanced Fund $13.9M across 1 mapped CMBS deals
Putnam Multi-Asset Income Fund $10.6M across 26 mapped CMBS deals

Other

Other funds need name-level review

Mapped holdings$371M

Funds57

Deal links389

The Other bucket catches funds whose names do not expose a conservative type classification. It is kept separate so the page does not overstate precision.

Putnam Mortgage Opportunities Fund $89.1M across 83 mapped CMBS deals
DoubleLine Yield Opportunities Fund $32.0M across 28 mapped CMBS deals
VP Inflation Protection Fund $27.0M across 13 mapped CMBS deals
MFS Limited Maturity Fund $23.8M across 19 mapped CMBS deals
NB Private Markets Access Fund LLC $18.3M across 35 mapped CMBS deals

Filing-cycle trend

Mapped CMBS exposure by NPORT-P filing month

This is filing coverage in the current public index, not a complete market time series.

Filing month	Mapped holdings	% mapped CMBS	Funds	Deals	Rows
2026-07	$1.6B	19.1%	23	321	531
2026-06	$969M	11.8%	45	313	642
2026-05	$3.8B	45.7%	58	388	1,151
2026-04	$1.3M	0.02%	3	4	4
2026-03	$33.0M	0.40%	1	41	41
2026-01	$3.5M	0.04%	1	1	1
2025-12	$8.1M	0.10%	1	21	21
2025-10	$10.3M	0.13%	1	2	2
2025-09	$5.4M	0.07%	2	2	2
2025-08	$312M	3.79%	73	113	188
2025-07	$164M	2.00%	22	79	99
2025-06	$196M	2.39%	37	68	84

Full period-over-period holdings changes require historical fund snapshots. That work is tracked separately so this page does not turn filing-month coverage into a false market trend.

Methodology

How fund types are classified

Start with DealCharts holdings rows whose asset class is CMBS.
Group rows by fund series key and classify each fund from its public name.
Use explicit terms first: ETF, money market, target date, term fund, real estate, mortgage, allocation, bond, income, duration, or variable.
Sum mapped CMBS value and count distinct funds and mapped CMBS deal links by type.
Keep zero-coverage rows for analyst search paths such as money market CMBS holdings.

This is a transparent classification pass over the current public NPORT-P holder index. It does not claim legal fund categories, ratings, strategy labels, or complete industry AUM.

FAQ

Questions this fund-type page answers

Which fund types hold CMBS?

In the current mapped DealCharts index, bond and income funds account for $6.2B of mapped CMBS exposure, or 74.9% of the indexed CMBS holder value. Allocation funds, ETFs, real estate funds, and smaller categories make up the rest.

Do money market funds hold CMBS in this index?

No money market fund CMBS exposure appears in the current mapped DealCharts CMBS holder index. The page keeps the money market row visible because the query has search demand and future NPORT-P coverage may add rows.

Is this a complete NPORT-P market share table?

No. It is a public mapped structured-finance index built from NPORT-P holdings that DealCharts can link to CMBS deal and tranche records. It is useful for exposure discovery, not for total industry assets under management.

Does this page show true historical trends?

The filing-month table shows how mapped CMBS exposure appears across filing cycles in the current public index. Full period-over-period fund holding changes require historical NPORT-P snapshots and are tracked separately by the fund shape+rvl work.