{
  "page": "compare",
  "query": {
    "a": "BWDTX",
    "b": "IBTO"
  },
  "retrieved_at": "2026-07-07T17:08:10+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Boyd Watterson Limited Duration Enhanced Income Fund",
    "ticker": "BWDTX",
    "slug": "BWDTX",
    "series_id": "S000054112",
    "html_url": "https://fundwatcher.app/funds/BWDTX/"
  },
  "fund_b": {
    "name": "iShares iBonds Dec 2033 Term Treasury ETF",
    "ticker": "IBTO",
    "slug": "IBTO",
    "series_id": "S000080644",
    "html_url": "https://fundwatcher.app/funds/IBTO/"
  },
  "overlap": {
    "coverage_a_by_b": "0.04922333646151741551594297137",
    "coverage_b_by_a": "0.04922333646151741551594297137",
    "shared_count": 1,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-01-31"
    },
    "a_top": [
      {
        "name": "US TREASURY N/B",
        "value": "27559389.72",
        "weight": "0.04922334",
        "shared": true
      },
      {
        "name": "US TREASURY N/B",
        "value": "22910382.81",
        "weight": "0.04091983",
        "shared": false
      },
      {
        "name": "Exeter Automobile Receivables Trust, Series 2021-4A, Class E",
        "value": "10560174.37",
        "weight": "0.01886134",
        "shared": false
      },
      {
        "name": "FIRST INVESTORS AUTO OWNER TRUST 2023-1 FIAOT 2023-1A D",
        "value": "8718511.20",
        "weight": "0.01557198",
        "shared": false
      },
      {
        "name": "MORGAN STANLEY",
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      },
      {
        "name": "COF V3.95 PERP M",
        "value": "7990378.65",
        "weight": "0.01427147",
        "shared": false
      },
      {
        "name": "Neuberger Berman CLO XVII Ltd",
        "value": "7604309.20",
        "weight": "0.01358192",
        "shared": false
      },
      {
        "name": "SAND 2021-1A DR2",
        "value": "6750000.00",
        "weight": "0.01205606",
        "shared": false
      },
      {
        "name": "MTZ 4 1/2 08/15/28",
        "value": "6428186.12",
        "weight": "0.01148127",
        "shared": false
      },
      {
        "name": "OCTAGON INVT PARTNERS XXI LTD / OCTAGON INVT PARTNERS XXI LLC BR4 TSFR3M+135 02/14/2031 144A",
        "value": "6247093.75",
        "weight": "0.01115782",
        "shared": false
      },
      {
        "name": "PLAINS ALL AMERN PIPELINE LP TSFR3M+437.161 PERP",
        "value": "6189386.22",
        "weight": "0.01105475",
        "shared": false
      },
      {
        "name": "BRIDGECREST LENDING AUTO SECURITIZATION TRUST 2023-1 SER 2023-1 CL D REGD 7.84000000",
        "value": "6139336.66",
        "weight": "0.01096536",
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      },
      {
        "name": "Magnetite Xli Ltd 5.64",
        "value": "5984910.00",
        "weight": "0.01068954",
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      },
      {
        "name": "INSTALLED BUILDING PRODUCTS IN COMPANY GUAR 144A 02/34 5.625",
        "value": "5966000.69",
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      },
      {
        "name": "Exeter Automobile Receivables Trust, Series 2025-4A, Class E",
        "value": "5923884.60",
        "weight": "0.01058055",
        "shared": false
      },
      {
        "name": "Exeter Automobile Receivables Trust, Series 2022-2A, Class E",
        "value": "5864679.08",
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      },
      {
        "name": "ICG 2015-2RA A2R",
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      },
      {
        "name": "OHA Credit Partners XIV Ltd",
        "value": "5491263.50",
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      {
        "name": "Voya CLO Ltd., Series 2013-1A, Class BR",
        "value": "5221868.76",
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      },
      {
        "name": "VW 5.9 09/12/33",
        "value": "5132569.75",
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      },
      {
        "name": "AGL 2022-22A CR",
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      },
      {
        "name": "PR 6.25 02/01/33 144A",
        "value": "5096990.00",
        "weight": "0.00910364",
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      },
      {
        "name": "Neuberger Berman Loan Advisers CLO Ltd., Series 2021-42A, Class CR",
        "value": "5004600.00",
        "weight": "0.00893863",
        "shared": false
      },
      {
        "name": "MERITAGE HOMES",
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        "weight": "0.00892837",
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      },
      {
        "name": "ANTERO MIDSTREAM PARTNERS LP / SR UNSECURED 144A 10/33 5.75",
        "value": "4945115.00",
        "weight": "0.00883238",
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      },
      {
        "name": "SNDPT 2017-1A E",
        "value": "4936225.96",
        "weight": "0.00881651",
        "shared": false
      },
      {
        "name": "HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR",
        "value": "4918318.00",
        "weight": "0.00878452",
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      },
      {
        "name": "FIRSTCASH INC REGD 144A P/P 4.62500000",
        "value": "4908025.50",
        "weight": "0.00876614",
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      },
      {
        "name": "HWRI TL B 1L USD",
        "value": "4848910.64",
        "weight": "0.00866055",
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      },
      {
        "name": "WLAKE 2023-1A D 144A 6.79% 11-15-28",
        "value": "4827224.55",
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      },
      {
        "name": "CARMX 2023-1 D",
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      {
        "name": "Cifc Funding 2014-IV-R Ltd",
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      {
        "name": "ICG 2015-2RA CR",
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      {
        "name": "CGMS 2015-5A CR4",
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      },
      {
        "name": "AGL 2023-25A ER",
        "value": "4551623.15",
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      },
      {
        "name": "MURPHY OIL CORP SR UNSEC 6.0% 10-01-32",
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      },
      {
        "name": "CRS 5.625 03/01/34 144A",
        "value": "4439361.60",
        "weight": "0.00792906",
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      },
      {
        "name": "H.B. Fuller Company, Term Loan B",
        "value": "4426206.79",
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      },
      {
        "name": "APEXC 2020-1A DR3",
        "value": "4424760.00",
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      {
        "name": "Performance Food Group Inc",
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      },
      {
        "name": "LPX 3 5/8 03/15/29",
        "value": "4291799.28",
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      },
      {
        "name": "First Investors Auto Owner Trust 2022-1",
        "value": "4262009.45",
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      },
      {
        "name": "SM ENERGY CO 144A LIFE SR UNSEC 8.625% 11-01-30",
        "value": "4222068.00",
        "weight": "0.00754096",
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      },
      {
        "name": "JPMorgan Chase & Co., Series OO",
        "value": "4106678.40",
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      },
      {
        "name": "WLAKE 2023-3A D 144A 6.47% 03-15-29",
        "value": "4074078.00",
        "weight": "0.00727664",
        "shared": false
      },
      {
        "name": "DARLING INGREDIENTS INC REGD 144A P/P 5.25000000",
        "value": "4020159.05",
        "weight": "0.00718033",
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      },
      {
        "name": "First Investors Auto Owner Trust, Series 2025-1A, Class D",
        "value": "4013973.60",
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      {
        "name": "Bank of America Corp., Series FF",
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      },
      {
        "name": "Exeter Automobile Receivables Trust, Series 2022-1A, Class E",
        "value": "3957862.80",
        "weight": "0.00706907",
        "shared": false
      },
      {
        "name": "Genesee & Wyoming Term Loan B 200 2031-03-25",
        "value": "3935602.25",
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      }
    ],
    "b_top": [
      {
        "name": "US TREASURY N/B",
        "value": "117323972.94",
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        "shared": false
      },
      {
        "name": "US TREASURY N/B",
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      },
      {
        "name": "US TREASURY N/B",
        "value": "95889973.97",
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      },
      {
        "name": "US TREASURY N/B",
        "value": "94850218.75",
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      },
      {
        "name": "BlackRock Cash Funds: Treasury, SL Agency Shares",
        "value": "33756.76",
        "weight": "0.00008137",
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      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000910472-26-008461",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1537140/000091047226008461/0000910472-26-008461-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0002071691-26-007333",
      "as_of": "2026-01-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1100663/000207169126007333/0002071691-26-007333-index.htm"
    }
  ]
}