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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: 2026-09-29. Rows are point-in-time filing observations, not investment advice or ratings.
Total mapped CMBS held$5.6B
Funds with mapped CMBS334
Avg mapped CMBS per fund$16.7M
Latest filing date2026-09-29
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$907M16.3%312026-08-14
2American Balanced Fund64 CUSIPs / 6 tranche labelsS000008801SEC series ID when ticker is unavailableCapital Group / American Funds$681M12.2%572026-08-27
3Bond Fund of America105 CUSIPs / 8 tranche labelsS000009231SEC series ID when ticker is unavailableCapital Group / American Funds$453M8.13%912026-08-27
4American Funds Multi-Sector Income Fund87 CUSIPs / 7 tranche labelsS000065032SEC series ID when ticker is unavailableCapital Group / American Funds$378M6.80%772026-08-27
5American Funds Strategic Bond Fund91 CUSIPs / 6 tranche labelsS000052313SEC series ID when ticker is unavailableCapital Group / American Funds$235M4.22%782026-08-27
6LORD ABBETT BOND DEBENTURE FUND INC4 CUSIPs / 2 tranche labelsS000006820SEC series ID when ticker is unavailableLord Abbett$156M2.79%42025-08-28
7Intermediate Bond Fund of America30 CUSIPs / 7 tranche labelsS000009236SEC series ID when ticker is unavailableCapital Group / American Funds$131M2.36%302026-07-29
8Franklin Core Plus Bond Fund49 CUSIPs / 11 tranche labelsS000006879SEC series ID when ticker is unavailableFranklin Templeton$111M1.99%432026-09-25
9JNL/DoubleLine Total Return Fund55 CUSIPs / 8 tranche labelsS000041930SEC series ID when ticker is unavailableDoubleLine$104M1.86%472020-05-28
10Income Fund of America20 CUSIPs / 5 tranche labelsS000008814SEC series ID when ticker is unavailableCapital Group / American Funds$92.8M1.67%202026-06-26
11Lord Abbett Ultra Short Bond Fund7 CUSIPs / 3 tranche labelsS000055282SEC series ID when ticker is unavailableLord Abbett$83.3M1.50%72025-07-24
12GENERAL ELECTRIC RSP INCOME FUND11 CUSIPs / 5 tranche labelsS000011837SEC series ID when ticker is unavailableGENERAL ELECTRIC$81.3M1.46%112020-11-27
13Strategic Advisers Core Income Fund25 CUSIPs / 6 tranche labelsS000029150SEC series ID when ticker is unavailableStrategic Advisers$78.6M1.41%252025-07-30
14Short-Term Bond Fund of America23 CUSIPs / 6 tranche labelsS000013585SEC series ID when ticker is unavailableCapital Group / American Funds$71.6M1.29%212026-07-29
15MFS Income Fund16 CUSIPs / 6 tranche labelsS000002491SEC series ID when ticker is unavailableMFS$66.1M1.19%142026-06-29
16Blackstone Real Estate Income Master Fund19 CUSIPs / 8 tranche labels549300Q4EBOKF0Z6TD60SEC series ID when ticker is unavailableBlackstone$58.6M1.05%172020-11-27
17Putnam Mortgage Securities Fund78 CUSIPs / 11 tranche labelsS000006570SEC series ID when ticker is unavailablePutnam$56.8M1.02%632026-08-27
18Fidelity Investment Grade Bond Central Fund2 CUSIPs / 2 tranche labelsS000018830SEC series ID when ticker is unavailableFidelity$53.2M0.96%22025-08-22
19Bond Fund4 CUSIPs / 1 tranche labelsS000000646SEC series ID when ticker is unavailableUnclassified$47.3M0.85%42026-04-28
20Putnam Diversified Income Trust56 CUSIPs / 11 tranche labelsS000005529SEC series ID when ticker is unavailablePutnam$45.6M0.82%492026-08-27
21BNY Mellon Global Fixed Income Fund6 CUSIPs / 3 tranche labelsS000011502SEC series ID when ticker is unavailableBNY Mellon$43.6M0.78%62022-05-26
22Nuveen Bond Index Fund18 CUSIPs / 7 tranche labelsS000026500SEC series ID when ticker is unavailableNuveen$39.0M0.70%182025-08-28
23BlackRock Strategic Income Opportunities Portfolio30 CUSIPs / 10 tranche labelsS000062358SEC series ID when ticker is unavailableBlackRock / iShares$38.8M0.70%282026-08-25
24PGIM Core Bond Fund5 CUSIPs / 2 tranche labelsS000004691SEC series ID when ticker is unavailablePGIM$35.2M0.63%52025-06-26
25Fixed Income SHares: Series C5 CUSIPs / 2 tranche labelsS000004804SEC series ID when ticker is unavailableFixed Income$34.7M0.62%32026-08-31
26PIMCO Dynamic Income Fund9 CUSIPs / 9 tranche labelsF0MWMXS5YG3P711FB044SEC series ID when ticker is unavailablePIMCO$33.9M0.61%72026-08-31
27T. Rowe Price New Income Fund, Inc.4 CUSIPs / 2 tranche labelsS000002136SEC series ID when ticker is unavailableT. Rowe$32.1M0.58%42022-10-28
28Delaware VIP Diversified Income Series12 CUSIPs / 3 tranche labelsS000002481SEC series ID when ticker is unavailableDelaware Funds$31.6M0.57%122020-11-25
29Franklin Total Return Fund11 CUSIPs / 7 tranche labelsS000006857SEC series ID when ticker is unavailableFranklin Templeton$30.0M0.54%112026-09-25
30VP Inflation Protection Fund13 CUSIPs / 4 tranche labelsS000006680SEC series ID when ticker is unavailableVP Inflation$27.0M0.48%132020-05-27
31Macquarie Diversified Income Fund5 CUSIPs / 3 tranche labelsS000003911SEC series ID when ticker is unavailableMacquarie Diversified$26.2M0.47%52025-06-25
32Empower Bond Index Fund12 CUSIPs / 3 tranche labelsS000023740SEC series ID when ticker is unavailableEmpower Bond$25.7M0.46%122026-08-20
33T. Rowe Price Spectrum Income Fund21 CUSIPs / 6 tranche labelsS000002122SEC series ID when ticker is unavailableT. Rowe$25.5M0.46%202026-08-27
34iShares Core Universal USD Bond ETF12 CUSIPs / 4 tranche labelsS000045644SEC series ID when ticker is unavailableBlackRock / iShares$24.9M0.45%122026-09-25
35Capital Income Builder5 CUSIPs / 3 tranche labelsS000009000SEC series ID when ticker is unavailableCapital Income$24.9M0.45%52026-06-26
36Master Total Return Portfolio22 CUSIPs / 9 tranche labelsS000004067SEC series ID when ticker is unavailableMaster Total$24.4M0.44%212024-08-26
37PGIM Absolute Return Bond Fund2 CUSIPs / 2 tranche labelsS000031707SEC series ID when ticker is unavailablePGIM$24.1M0.43%22025-06-26
38JPMorgan Short Duration Bond Fund8 CUSIPs / 4 tranche labelsS000003490SEC series ID when ticker is unavailableJPMorgan$22.8M0.41%82026-07-28
39Neuberger Berman Strategic Income Fund4 CUSIPs / 2 tranche labelsS000007834SEC series ID when ticker is unavailableNeuberger Berman$21.4M0.39%42025-06-24
40PIMCO Flexible Credit Income Fund6 CUSIPs / 6 tranche labels549300R4RJB5MTHXES88SEC series ID when ticker is unavailablePIMCO$21.0M0.38%52026-08-31
41Nationwide Bond Portfolio12 CUSIPs / 5 tranche labelsS000071835SEC series ID when ticker is unavailableNationwide$21.0M0.38%122026-06-23
42Bridge Builder Core Bond Fund1 CUSIPs / 1 tranche labelsS000040853SEC series ID when ticker is unavailableBridge Builder$20.8M0.37%12025-08-27
43Optimum Fixed Income Fund9 CUSIPs / 4 tranche labelsS000002420SEC series ID when ticker is unavailableOptimummutualfunds$20.8M0.37%92025-08-27
44PIMCO Access Income Fund4 CUSIPs / 4 tranche labels549300Q20CGGOWTPP823SEC series ID when ticker is unavailablePIMCO$20.7M0.37%22026-08-31
45MEDIUM-DURATION BOND FUND15 CUSIPs / 6 tranche labelsS000001155SEC series ID when ticker is unavailableMEDIUM-DURATION BOND$20.5M0.37%142026-08-27
46N/A2 CUSIPs / 2 tranche labelsN/ASEC series ID when ticker is unavailableUnclassified$18.5M0.33%12021-11-30
47Rational Special Situations Income Fund9 CUSIPs / 5 tranche labelsS000065726SEC series ID when ticker is unavailableRational Special$17.9M0.32%92025-05-30
48Invesco High Income 2023 Target Term Fund5 CUSIPs / 3 tranche labels549300BCZEX5Z2RBWI81SEC series ID when ticker is unavailableInvesco$17.3M0.31%52023-10-30
49Fidelity Real Estate High Income Fund6 CUSIPs / 4 tranche labelsS000017688SEC series ID when ticker is unavailableFidelity$17.1M0.31%62025-07-24
50Fidelity Total Bond ETF6 CUSIPs / 6 tranche labelsS000042567SEC series ID when ticker is unavailableFidelity$17.0M0.31%62025-07-24
Holdings by fund family

Mapped CMBS exposure by family

SegmentHoldings% mapped CMBSFundsDeal links
Capital Group / American Funds$2.0B36.8%9379
Baird Aggregate$907M16.3%131
Lord Abbett$239M4.29%312
Putnam$155M2.78%10248
Franklin Templeton$147M2.63%690
DoubleLine$133M2.39%892
BlackRock / iShares$116M2.09%16106
Fidelity$97.3M1.75%726
PGIM$90.6M1.63%1018
PIMCO$87.0M1.56%721
MFS$81.4M1.46%531
GENERAL ELECTRIC$81.3M1.46%111
Holdings by fund type

Mapped CMBS exposure by fund type

SegmentHoldings% mapped CMBSFundsDeal links
Bond / income$4.3B76.8%2151,464
Allocation / multi-asset$796M14.3%35205
Other$181M3.26%41159
ETF$145M2.60%32173
Real estate / mortgage$144M2.60%897
Closed-end / term$24.5M0.44%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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