SEC NPORT-P fund-type stats

CMBS Holdings by Fund Type (2026)

Compare CMBS holdings by fund 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: 2026-10-30. Filing dates span 2019-11-20 to 2026-10-30. Values combine historical observations across mixed reporting periods, not a synchronized snapshot of holdings today or the entire market.

Bond fund CMBS exposure$4.4B (76.2%)

ETF CMBS exposure$139M (32 funds)

Allocation fund exposure$786M (13.6%)

Money market CMBS$0

Mapped fund types7

CMBS holdings by fund type

Mapped exposure by fund category

334 funds and $5.8B in mapped CMBS holdings

Fund type	Holdings	% mapped CMBS	Funds	Deal links	Largest mapped holder
Bond / income	$4.4B	76.2%	212	1,442	Baird Aggregate Bond Fund
Allocation / multi-asset	$786M	13.6%	37	206	American Balanced Fund
Other	$282M	4.86%	42	264	Putnam Mortgage Opportunities Fund
Real estate / mortgage	$150M	2.59%	8	102	Blackstone Real Estate Income Master Fund
ETF	$139M	2.40%	32	171	iShares Core Universal USD Bond ETF
Closed-end / term	$24.5M	0.42%	2	9	Invesco High Income 2023 Target Term Fund
Variable insurance	$1.3M	0.02%	1	4	Western Asset Variable Rate Strategic Fund Inc.
Money market	$0	0.00%	0	0	No mapped holders
Target date / retirement	$0	0.00%	0	0	No mapped holders

Bond / income

Bond funds carry most mapped CMBS exposure

Mapped holdings$4.4B

Funds212

Deal links1,442

212 bond and income funds account for $4.4B in mapped CMBS holdings.

Baird Aggregate Bond Fund $907M across 31 mapped CMBS deals
Bond Fund of America $453M across 91 mapped CMBS deals
American Funds Multi-Sector Income Fund $378M across 77 mapped CMBS deals
Bond Fund $249M across 19 mapped CMBS deals
American Funds Strategic Bond Fund $235M across 78 mapped CMBS deals

ETF

ETF holdings

Mapped holdings$139M

Funds32

Deal links171

32 ETFs appear in the mapped holder index. Open a fund page for its holdings; exchange tickers may be unavailable in this table.

iShares Core Universal USD Bond ETF $34.5M across 11 mapped CMBS deals
Putnam ESG Core Bond ETF $15.7M across 16 mapped CMBS deals
iShares Short Duration Bond Active ETF $11.9M across 2 mapped CMBS deals
Schwab U.S. Aggregate Bond ETF $10.6M across 11 mapped CMBS deals
iShares Securitized Income Active ETF $9.8M across 16 mapped CMBS deals

Money market

Money market fund coverage

Mapped holdings$0

Funds0

Deal links0

The current public CMBS holder index does not map CMBS exposure to money market funds. This does not establish that all money market funds hold no CMBS.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$0

Funds0

Deal links0

Funds in the current mapped index: 0. This count describes coverage here, not the broader retirement-plan market.No funds in this type appear in the current mapped CMBS holder index.

Allocation / multi-asset

Allocation and multi-asset fund holdings

Mapped holdings$786M

Funds37

Deal links206

37 allocation or multi-asset funds carry $786M in mapped CMBS exposure.

American Balanced Fund $681M across 57 mapped CMBS deals
Capital Income Builder $24.9M across 5 mapped CMBS deals
Pioneer Multi-Asset Income Fund $14.8M across 3 mapped CMBS deals
Macquarie Balanced Fund $12.3M across 5 mapped CMBS deals
BlackRock Global Allocation Fund, Inc. $8.9M across 7 mapped CMBS deals

Other

Other funds need name-level review

Mapped holdings$282M

Funds42

Deal links264

These funds could not be classified from their names. Review the fund documents before assigning a type.

Putnam Mortgage Opportunities Fund $83.1M across 84 mapped CMBS deals
VP Inflation Protection Fund $27.0M across 13 mapped CMBS deals
John Hancock Managed Account Shares Securitized Debt Portfolio $20.8M across 17 mapped CMBS deals
Destinations Multi Strategy Alternatives Fund $13.7M across 3 mapped CMBS deals
VOYA SECURITIZED CREDIT FUND $13.2M across 9 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
2026-10	$608M	10.5%	22	175	255
2026-09	$251M	4.32%	22	124	165
2026-08	$3.1B	53.7%	52	319	766
2026-07	$342.6K	0.01%	1	9	9
2026-06	$212M	3.66%	8	61	66
2026-05	$70.5M	1.22%	13	70	81
2026-03	$15.7M	0.27%	1	16	16
2026-01	$1.5M	0.03%	1	1	1
2025-12	$2.9M	0.05%	1	12	12
2025-10	$10.3M	0.18%	1	2	2
2025-08	$395M	6.81%	57	115	151
2025-07	$218M	3.76%	20	81	92

Comparing holdings over time requires historical snapshots of the same funds. These filing-month totals describe coverage in this index, not changes across the market.

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.
Show categories with no mapped holdings, including money market funds.

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 this mapped DealCharts index, bond and income funds account for $4.4B of mapped CMBS exposure, or 76.2% of the indexed CMBS holder value. Values combine filing observations from 2019-11-20 to 2026-10-30 across mixed reporting periods; they do not measure holdings today.

Do money market funds hold CMBS in this index?

No money market fund CMBS exposure appears in the current mapped DealCharts CMBS holder index. This describes coverage here, not all money market fund holdings.

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 groups the indexed holdings by filing month. Comparing changes in a fund requires historical NPORT-P snapshots for that fund; this table does not provide that comparison.