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SEC NPORT-P holder stats

Top 50 CMBS Holders by Fund (2026)

A public ranking for top CMBS holders, which funds hold CMBS, mutual fund CMBS holdings, and CMBS fund holdings 2026. Values are mapped from SEC NPORT-P filings to DealCharts CMBS deal and tranche records.
View top 50Methodology
Source: SEC NPORT-P filings mapped by DealCharts. Latest filing date in the mapped CMBS holder index: 2026-08-31. Rows are point-in-time filing observations, not investment advice or ratings.
Total mapped CMBS held$6.4B
Funds with mapped CMBS341
Avg mapped CMBS per fund$18.8M
Latest filing date2026-08-31
Largest holderBaird Aggregate Bond Fund ($907M)
Top 50 table

Ranked CMBS fund holders

50 funds ranked by mapped CMBS position value
Portfolio allocation and period-over-period change are not present in this lightweight holder index. This table ranks only directly mapped CMBS position value and deal coverage.
RankFundTicker / seriesFamilyHoldings% mapped CMBSDealsLatest filing
1Baird Aggregate Bond Fund32 CUSIPs / 4 tranche labelsS000000753SEC series ID when ticker is unavailableBaird Aggregate$907M14.1%312026-08-14
2JPMorgan Income Fund205 CUSIPs / 13 tranche labelsS000044081SEC series ID when ticker is unavailableAm$892M13.9%1572026-07-28
3American Balanced Fund64 CUSIPs / 6 tranche labelsS000008801SEC series ID when ticker is unavailableCapital Group / American Funds$681M10.6%572026-08-27
4Bond Fund of America105 CUSIPs / 8 tranche labelsS000009231SEC series ID when ticker is unavailableCapital Group / American Funds$453M7.06%912026-08-27
5American Funds Multi-Sector Income Fund87 CUSIPs / 7 tranche labelsS000065032SEC series ID when ticker is unavailableCapital Group / American Funds$378M5.90%772026-08-27
6American Funds Strategic Bond Fund91 CUSIPs / 6 tranche labelsS000052313SEC series ID when ticker is unavailableCapital Group / American Funds$235M3.67%782026-08-27
7LORD ABBETT BOND DEBENTURE FUND INC4 CUSIPs / 2 tranche labelsS000006820SEC series ID when ticker is unavailableLord Abbett$156M2.43%42025-08-28
8Intermediate Bond Fund of America30 CUSIPs / 7 tranche labelsS000009236SEC series ID when ticker is unavailableCapital Group / American Funds$131M2.05%302026-07-29
9JNL/DoubleLine Total Return Fund55 CUSIPs / 8 tranche labelsS000041930SEC series ID when ticker is unavailableDoubleLine$104M1.62%472020-05-28
10Income Fund of America20 CUSIPs / 5 tranche labelsS000008814SEC series ID when ticker is unavailableCapital Group / American Funds$92.8M1.45%202026-06-26
11Lord Abbett Ultra Short Bond Fund7 CUSIPs / 3 tranche labelsS000055282SEC series ID when ticker is unavailableLord Abbett$83.3M1.30%72025-07-24
12GENERAL ELECTRIC RSP INCOME FUND11 CUSIPs / 5 tranche labelsS000011837SEC series ID when ticker is unavailableGENERAL ELECTRIC$81.3M1.27%112020-11-27
13Strategic Advisers Core Income Fund25 CUSIPs / 6 tranche labelsS000029150SEC series ID when ticker is unavailableStrategic Advisers$78.6M1.23%252025-07-30
14Short-Term Bond Fund of America23 CUSIPs / 6 tranche labelsS000013585SEC series ID when ticker is unavailableCapital Group / American Funds$71.6M1.12%212026-07-29
15MFS Income Fund16 CUSIPs / 6 tranche labelsS000002491SEC series ID when ticker is unavailableMFS$66.1M1.03%142026-06-29
16Franklin Total Return Fund20 CUSIPs / 8 tranche labelsS000006857SEC series ID when ticker is unavailableFranklin Templeton$63.6M0.99%182026-06-24
17Blackstone Real Estate Income Master Fund19 CUSIPs / 8 tranche labels549300Q4EBOKF0Z6TD60SEC series ID when ticker is unavailableBlackstone$58.6M0.91%172020-11-27
18Putnam Mortgage Securities Fund78 CUSIPs / 11 tranche labelsS000006570SEC series ID when ticker is unavailablePutnam$56.8M0.89%632026-08-27
19VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND4 CUSIPs / 3 tranche labelsS000002586SEC series ID when ticker is unavailableInvestor$54.6M0.85%42025-06-30
20Fidelity Investment Grade Bond Central Fund2 CUSIPs / 2 tranche labelsS000018830SEC series ID when ticker is unavailableFidelity$53.2M0.83%22025-08-22
21Bond Fund4 CUSIPs / 1 tranche labelsS000000646SEC series ID when ticker is unavailableUnclassified$47.3M0.74%42026-04-28
22iShares Core Universal USD Bond ETF21 CUSIPs / 6 tranche labelsS000045644SEC series ID when ticker is unavailableBlackRock / iShares$46.1M0.72%192026-06-26
23Putnam Diversified Income Trust56 CUSIPs / 11 tranche labelsS000005529SEC series ID when ticker is unavailablePutnam$45.6M0.71%492026-08-27
24BNY Mellon Global Fixed Income Fund6 CUSIPs / 3 tranche labelsS000011502SEC series ID when ticker is unavailableBNY Mellon$43.6M0.68%62022-05-26
25Nuveen Bond Index Fund19 CUSIPs / 6 tranche labelsS000026500SEC series ID when ticker is unavailableNuveen$39.1M0.61%182025-08-28
26PGIM Core Bond Fund6 CUSIPs / 3 tranche labelsS000004691SEC series ID when ticker is unavailablePGIM$35.7M0.56%62025-06-26
27PIMCO Dynamic Income Fund9 CUSIPs / 9 tranche labelsF0MWMXS5YG3P711FB044SEC series ID when ticker is unavailablePIMCO$33.9M0.53%72026-08-31
28BlackRock Strategic Income Opportunities Portfolio19 CUSIPs / 7 tranche labelsS000062358SEC series ID when ticker is unavailableBlackRock / iShares$32.6M0.51%172026-08-25
29T. Rowe Price New Income Fund, Inc.4 CUSIPs / 2 tranche labelsS000002136SEC series ID when ticker is unavailableT. Rowe$32.1M0.50%42022-10-28
30Delaware VIP Diversified Income Series12 CUSIPs / 3 tranche labelsS000002481SEC series ID when ticker is unavailableDelaware Funds$31.6M0.49%122020-11-25
31Putnam Mortgage Opportunities Fund37 CUSIPs / 9 tranche labelsS000048370SEC series ID when ticker is unavailableFranklin Templeton$29.3M0.46%352026-07-27
32VP Inflation Protection Fund13 CUSIPs / 4 tranche labelsS000006680SEC series ID when ticker is unavailableVP Inflation$27.0M0.42%132020-05-27
33Empower Bond Index Fund12 CUSIPs / 3 tranche labelsS000023740SEC series ID when ticker is unavailableEmpower Bond$25.7M0.40%122026-08-20
34T. Rowe Price Spectrum Income Fund21 CUSIPs / 6 tranche labelsS000002122SEC series ID when ticker is unavailableT. Rowe$25.5M0.40%202026-08-27
35Fidelity Real Estate High Income Fund13 CUSIPs / 7 tranche labelsS000017688SEC series ID when ticker is unavailableFidelity$25.4M0.40%132025-07-24
36Capital Income Builder5 CUSIPs / 3 tranche labelsS000009000SEC series ID when ticker is unavailableCapital Income$24.9M0.39%52026-06-26
37Master Total Return Portfolio22 CUSIPs / 9 tranche labelsS000004067SEC series ID when ticker is unavailableMaster Total$24.4M0.38%212024-08-26
38PGIM Absolute Return Bond Fund2 CUSIPs / 2 tranche labelsS000031707SEC series ID when ticker is unavailablePGIM$24.1M0.38%22025-06-26
39Putnam Income Fund25 CUSIPs / 6 tranche labelsS000006155SEC series ID when ticker is unavailablePutnam$24.0M0.37%232026-06-24
40Macquarie Diversified Income Fund4 CUSIPs / 2 tranche labelsS000003911SEC series ID when ticker is unavailableMacquarie Diversified$23.5M0.37%42025-06-25
41JPMorgan Short Duration Bond Fund8 CUSIPs / 4 tranche labelsS000003490SEC series ID when ticker is unavailableJPMorgan$22.8M0.36%82026-07-28
42Neuberger Berman Strategic Income Fund4 CUSIPs / 2 tranche labelsS000007834SEC series ID when ticker is unavailableNeuberger Berman$21.4M0.33%42025-06-24
43PIMCO Flexible Credit Income Fund6 CUSIPs / 6 tranche labels549300R4RJB5MTHXES88SEC series ID when ticker is unavailablePIMCO$21.0M0.33%52026-08-31
44Nationwide Bond Portfolio12 CUSIPs / 5 tranche labelsS000071835SEC series ID when ticker is unavailableNationwide$21.0M0.33%122026-06-23
45Bridge Builder Core Bond Fund1 CUSIPs / 1 tranche labelsS000040853SEC series ID when ticker is unavailableBridge Builder$20.8M0.32%12025-08-27
46Optimum Fixed Income Fund9 CUSIPs / 4 tranche labelsS000002420SEC series ID when ticker is unavailableOptimummutualfunds$20.8M0.32%92025-08-27
47PIMCO Access Income Fund4 CUSIPs / 4 tranche labels549300Q20CGGOWTPP823SEC series ID when ticker is unavailablePIMCO$20.7M0.32%22026-08-31
48MEDIUM-DURATION BOND FUND15 CUSIPs / 6 tranche labelsS000001155SEC series ID when ticker is unavailableMEDIUM-DURATION BOND$20.5M0.32%142026-08-27
49N/A2 CUSIPs / 2 tranche labelsN/ASEC series ID when ticker is unavailableUnclassified$18.5M0.29%12021-11-30
50Rational Special Situations Income Fund9 CUSIPs / 5 tranche labelsS000065726SEC series ID when ticker is unavailableRational Special$17.9M0.28%92025-05-30
Holdings by fund family

Mapped CMBS exposure by family

SegmentHoldings% mapped CMBSFundsDeal links
Capital Group / American Funds$2.1B32.1%10381
Baird Aggregate$907M14.1%131
Am$892M13.9%1157
Lord Abbett$240M3.74%422
Putnam$176M2.74%9291
DoubleLine$133M2.08%892
BlackRock / iShares$105M1.64%1688
Fidelity$102M1.59%632
Franklin Templeton$95.2M1.48%692
PGIM$88.0M1.37%1022
MFS$82.2M1.28%533
GENERAL ELECTRIC$81.3M1.27%111
Holdings by fund type

Mapped CMBS exposure by fund type

SegmentHoldings% mapped CMBSFundsDeal links
Bond / income$5.0B78.6%2151,614
Allocation / multi-asset$787M12.3%36197
Other$264M4.12%45223
Real estate / mortgage$154M2.40%9105
ETF$141M2.20%33193
Closed-end / term$24.5M0.38%29
Variable insurance$1.3M0.02%14
Money market$00.00%00
Target date / retirement$00.00%00
Methodology

How the ranking is built

  1. Start with DealCharts holdings rows whose asset class is CMBS.
  2. Group rows by fund series key and sum mapped CMBS position value.
  3. Count distinct mapped CMBS deals, CUSIPs, tranche labels, and latest filing date.
  4. Classify fund family conservatively from fund/company URLs first, then fund-name patterns.
  5. Classify fund type from fund-name terms such as ETF, bond, income, target date, or real estate.
Portfolio percent and change are deliberately not estimated from the lightweight holdings index. They are shown as unavailable unless a full fund total and prior snapshot are present.
Analyst note

Use this as a holder map, not a rating

The useful question is not only who is largest. It is which funds repeatedly appear across deal shelves, how concentrated the mapped exposure is by family, and where a CUSIP or deal sits inside the public filing graph.
NPORT-P data hubBrowse fund pagesFund type viewDeal holder pagesABS holder viewDelinquency trackerAsk Cairn
FAQ

Questions this CMBS holder page answers

Which funds hold the most CMBS?

Baird Aggregate Bond Fund leads the current DealCharts mapped CMBS holder table with $907M in mapped CMBS positions. The table ranks the top 50 funds by CMBS holdings sourced from SEC NPORT-P filings.

Where does the CMBS fund holdings data come from?

The data comes from SEC NPORT-P fund portfolio filings that DealCharts maps to CMBS deal and tranche records. Each fund page and facts JSON carries filing dates, identifiers, holdings rows, and source context.

Why are ticker, portfolio percent, and change not always populated?

The lightweight public holdings index contains fund series identifiers, mapped CMBS position values, CUSIPs, deal keys, filing dates, and reporting periods. Exchange tickers, complete portfolio totals, and period-over-period changes require the full fund facts and historical snapshot layer, so this page explains that coverage boundary instead of estimating those fields.

How often should this page update?

The page is designed to update after NPORT-P filing cycles. The current public ranking is keyed to the latest filing date present in the mapped holdings index.
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