{
  "page": "compare",
  "query": {
    "a": "FSMMX",
    "b": "PUTIX"
  },
  "retrieved_at": "2026-07-07T17:03:27+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": "FS Multi-Strategy Alternatives Fund",
    "ticker": "FSMMX",
    "slug": "FSMMX",
    "series_id": "S000075444",
    "html_url": "https://fundwatcher.app/funds/FSMMX/"
  },
  "fund_b": {
    "name": "PIMCO Low Duration Opportunities Fund",
    "ticker": "PUTIX",
    "slug": "PUTIX",
    "series_id": "S000024795",
    "html_url": "https://fundwatcher.app/funds/PUTIX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1088597670158112258667354258",
    "coverage_b_by_a": "0.1088597670158112258667354258",
    "shared_count": 2,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-03-31"
    },
    "a_top": [
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      },
      {
        "name": "Uniform Mortgage-Backed Security, TBA",
        "value": "400704239.10",
        "weight": "0.11761268",
        "shared": true
      },
      {
        "name": "BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2026",
        "value": "159482275.60",
        "weight": "0.04681043",
        "shared": false
      },
      {
        "name": "US ULTRA BOND CBT Sep25",
        "value": "125214962.53",
        "weight": "0.03675246",
        "shared": true
      },
      {
        "name": "BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2026",
        "value": "37547310.00",
        "weight": "0.01102070",
        "shared": false
      },
      {
        "name": "BARCLAYS BANK PLC MTN ZERO COUPON 12/29/2026",
        "value": "34213929.16",
        "weight": "0.01004230",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "24839390.62",
        "weight": "0.00729073",
        "shared": false
      },
      {
        "name": "5-Year T-Note Futures, Jun-2026,ETH",
        "value": "22825914.06",
        "weight": "0.00669975",
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      },
      {
        "name": "SHS BEN INT",
        "value": "20522043.00",
        "weight": "0.00602353",
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      },
      {
        "name": "U.S. Treasury Bills",
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      },
      {
        "name": "U.S. Treasury Bills",
        "value": "14883106.06",
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      },
      {
        "name": "NEUBERGER BERMAN LOAN ADVISERS CLO 29 LTD NEUB 2018-29A A2R",
        "value": "11664022.50",
        "weight": "0.00342356",
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      },
      {
        "name": "ELMWOOD CLO II LTD ELMW2 2019-2A A2RR",
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        "weight": "0.00321903",
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      },
      {
        "name": "WOODS 2018-12BA BR CLO 144A FRN 06-15-31",
        "value": "10498131.00",
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      },
      {
        "name": "SWITCH Data Centers - SWCH 2025-DATA E",
        "value": "10303152.12",
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      },
      {
        "name": "USD-SOFR 4.40 01/16/2035 EXPIRATION: 01/16/2035",
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      },
      {
        "name": "WFCM 2025-DWHP A",
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      },
      {
        "name": "BSPRT Issuer LLC, Series 2024-FL11, Class A",
        "value": "10023200.00",
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      },
      {
        "name": "KENNEDY LEWIS CLO 6 LTD KLLM 6A AR2",
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      },
      {
        "name": "STAR 2024-SFR4 TRUST STAR 2024-SFR4 A",
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      {
        "name": "FIP MASTER FUNDING LLC FI 2024-1A A1",
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      {
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      },
      {
        "name": "QTS Data Centers - BX 2025-VLT7 E",
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      },
      {
        "name": "PG&E Corporation, Convertible",
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      },
      {
        "name": "JD.COM INC SR UNSECURED 06/29 0.25",
        "value": "7220070.00",
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      },
      {
        "name": "RADNOR RE 2022-1 LTD RMIR 2022-1 M2",
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      },
      {
        "name": "Carvana Co",
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      },
      {
        "name": "KSL Commercial Mortgage Trust, Series 2024-HT2, Class A",
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      },
      {
        "name": "ACHM TRUST 2024-HE2 ACHM 2024-HE2 A",
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      },
      {
        "name": "ADMT 2026-NQM1 A1",
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      },
      {
        "name": "MICROCHIP TECHNOLOGY INC SER A 7.5% PC 03/15/2028",
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      },
      {
        "name": "CMS ENERGY CORP SR UNSECURED 144A 05/31 3.125",
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        "weight": "0.00195625",
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      },
      {
        "name": "Maxim Crane Works Holdings Capital LLC",
        "value": "6640799.83",
        "weight": "0.00194917",
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      },
      {
        "name": "FLEXENTIAL ISSUER LLC SER 2025-1A CL A2 REGD 144A P/P 6.03000000",
        "value": "6455510.75",
        "weight": "0.00189479",
        "shared": false
      },
      {
        "name": "HERA FINANCING 2024-1 DAC HRFIN 2024-1A A",
        "value": "6406157.64",
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      },
      {
        "name": "VINE 2023-SFR1 TRUST VINEB 2023-SFR1 A",
        "value": "6386306.92",
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      },
      {
        "name": "GME 0 04/01/30",
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        "weight": "0.00185263",
        "shared": false
      },
      {
        "name": "RADNOR RE 2021-2 LTD RMIR 2021-2 M2",
        "value": "6219376.80",
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        "shared": false
      },
      {
        "name": "TRIP.COM GROUP LTD SR UNSECURED 06/29 0.75",
        "value": "6088539.73",
        "weight": "0.00178708",
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      },
      {
        "name": "QTS Data Centers - BX 2025-VLT7 D",
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      },
      {
        "name": "AQUA FINANCE TRUST 2024-A SER 2024-A CL A REGD 144A P/P 4.81000000",
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        "weight": "0.00171070",
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      },
      {
        "name": "HPE 7 5/8",
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        "weight": "0.00170393",
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      },
      {
        "name": "ROCSOF 9 11/28/28 144A",
        "value": "5741364.94",
        "weight": "0.00168518",
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      },
      {
        "name": "Coinbase Global, Inc., Convertible",
        "value": "5716139.50",
        "weight": "0.00167777",
        "shared": false
      },
      {
        "name": "CONSOLIDATED COMMUNICATIONS LLC / FIDIUM FIBER FIN HOLDCO LLC 9.408% 05/20/2055 144A",
        "value": "5203062.00",
        "weight": "0.00152718",
        "shared": false
      },
      {
        "name": "CARVANA AUTO RECEIVABLES TRUST 2025-N1 CRVNA 2025-N1 E",
        "value": "5097945.05",
        "weight": "0.00149632",
        "shared": false
      },
      {
        "name": "FS AI Factor Short TRS",
        "value": "5066599.49",
        "weight": "0.00148712",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "5046875.00",
        "weight": "0.00148133",
        "shared": false
      },
      {
        "name": "AFFIRM MASTER TRUST AFRMT 2025-1A E",
        "value": "5033132.50",
        "weight": "0.00147730",
        "shared": false
      },
      {
        "name": "FIRSTENERGY CORP SR UNSECURED 144A 01/31 3.875",
        "value": "5022468.00",
        "weight": "0.00147417",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "US ULTRA BOND CBT Sep25",
        "value": "24019313.90",
        "weight": "0.13736052",
        "shared": true
      },
      {
        "name": "PIMCO PRV SHORT TERM FLT III MUTUAL FUND",
        "value": "16519315.24",
        "weight": "0.09446988",
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      },
      {
        "name": "Uniform Mortgage-Backed Security, TBA",
        "value": "12608921.09",
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      },
      {
        "name": "Uniform Mortgage-Backed Security, TBA",
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      },
      {
        "name": "FNCL 6 6/24",
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      },
      {
        "name": "Uniform Mortgage-Backed Security, TBA",
        "value": "5397137.22",
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      },
      {
        "name": "PIMCO SHORT ASSET PORTFOLIO MUTUAL FUND",
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      },
      {
        "name": "Government National Mortgage Association, TBA",
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      },
      {
        "name": "Uniform Mortgage-Backed Security, TBA",
        "value": "3912935.72",
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      },
      {
        "name": "FNCL 3 6/24",
        "value": "3771132.59",
        "weight": "0.02156618",
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      },
      {
        "name": "G2SF 5 5/26",
        "value": "3756172.32",
        "weight": "0.02148062",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "3599648.42",
        "weight": "0.02058550",
        "shared": false
      },
      {
        "name": "LETRA TESOURO NACIONAL BILLS 10/26 0.00000",
        "value": "2929941.00",
        "weight": "0.01675561",
        "shared": false
      },
      {
        "name": "Uniform Mortgage-Backed Security, TBA",
        "value": "2796137.52",
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      },
      {
        "name": "U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-5/8% 07/15/2032",
        "value": "2535451.47",
        "weight": "0.01449962",
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      },
      {
        "name": "U.S. Treasury Inflation-Protected Indexed Notes",
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      },
      {
        "name": "U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.125% 01/15/2033",
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      {
        "name": "SAGB 7 02/28/31 R213",
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      },
      {
        "name": "RFR USD SOFR/3.50000 12/21/22-30Y CME",
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      },
      {
        "name": "PROJECT CASHMERE CLASS A1 144A",
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        "weight": "0.00591848",
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      },
      {
        "name": "RPLDCI 6.581 05/30/49 144A",
        "value": "977483.93",
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      },
      {
        "name": "BONOS DE TESORERIA SR UNSECURED 144A REGS 08/33 7",
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      },
      {
        "name": "LAZARD GROUP LLC",
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      },
      {
        "name": "RESIDENTIAL ASSET SECURITIES C RASC 2006 EMX5 A4",
        "value": "788682.19",
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      },
      {
        "name": "REPUBLIC OF PERU SR UNSECURED 144A 08/32 6.15",
        "value": "781352.34",
        "weight": "0.00446836",
        "shared": false
      },
      {
        "name": "REPUBLIC OF PERU SR UNSECURED REGS 08/31 6.95",
        "value": "773245.83",
        "weight": "0.00442200",
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      },
      {
        "name": "BARCLAYS PLC",
        "value": "704376.59",
        "weight": "0.00402816",
        "shared": false
      },
      {
        "name": "TITULOS DE TESORERIA BONDS 01/35 11.75",
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      },
      {
        "name": "TITULOS DE TESORERIA BONDS 01/31 6.5",
        "value": "666419.68",
        "weight": "0.00381109",
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      },
      {
        "name": "SANTANDER UK GRP",
        "value": "641859.24",
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      },
      {
        "name": "FWD0Z35T8 COLOMBIA GOVT",
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      },
      {
        "name": "UMBS",
        "value": "602812.64",
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      },
      {
        "name": "US TREASURY N/B",
        "value": "600530.55",
        "weight": "0.00343429",
        "shared": false
      },
      {
        "name": "REPUBLIC OF SOUTH AFRICA BONDS 01/30 8",
        "value": "590478.07",
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        "shared": false
      },
      {
        "name": "LETRA TESOURO NACIONAL BILLS 07/26 0.00000",
        "value": "579584.51",
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      },
      {
        "name": "TORO EUROPEAN CLO TCLO 3A ARRE 144A",
        "value": "577860.09",
        "weight": "0.00330464",
        "shared": false
      },
      {
        "name": "CARLYLE GLOBAL MARKET STRATEGI CGMSE 2025 1A A1 144A",
        "value": "577692.96",
        "weight": "0.00330368",
        "shared": false
      },
      {
        "name": "CORDATUS CLO PLC CORDA 12A ARR 144A",
        "value": "577152.25",
        "weight": "0.00330059",
        "shared": false
      },
      {
        "name": "JAPAN (20 YEAR ISSUE) BONDS 12/44 2",
        "value": "575842.60",
        "weight": "0.00329310",
        "shared": false
      },
      {
        "name": "SG MORTGAGE SECURITIES TRUST SGMS 2006 OPT2 A3D",
        "value": "567441.98",
        "weight": "0.00324506",
        "shared": false
      },
      {
        "name": "FNCL 4 6/24",
        "value": "565012.62",
        "weight": "0.00323117",
        "shared": false
      },
      {
        "name": "BPCE SA REGD V/R 144A P/P 6.61200000",
        "value": "556163.85",
        "weight": "0.00318056",
        "shared": false
      },
      {
        "name": "FWD0JVF55 COLOMBIA GOVT NDF",
        "value": "501855.18",
        "weight": "0.00286999",
        "shared": false
      },
      {
        "name": "SHACKLETON CLO LTD SHACK 2019 14A A1RR 144A",
        "value": "500665.23",
        "weight": "0.00286318",
        "shared": false
      },
      {
        "name": "ROMARK CLO LTD RMRK 2021 4A A1R 144A",
        "value": "500527.43",
        "weight": "0.00286239",
        "shared": false
      },
      {
        "name": "NORTHWOODS CAPITAL LTD WOODS 2021 25A AR 144A",
        "value": "500430.98",
        "weight": "0.00286184",
        "shared": false
      },
      {
        "name": "BENEFIT STREET PARTNERS CLO XXII LTD AR2 TSFR3M+115 04/20/2035 144A",
        "value": "500129.80",
        "weight": "0.00286012",
        "shared": false
      },
      {
        "name": "UBS GROUP",
        "value": "500000.34",
        "weight": "0.00285938",
        "shared": false
      },
      {
        "name": "ROYAL BK SCOTLND",
        "value": "499980.29",
        "weight": "0.00285926",
        "shared": false
      },
      {
        "name": "BEAR STEARNS ASSET BACKED SECU BSABS 2007 HE2 2A4",
        "value": "481797.18",
        "weight": "0.00275528",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0002048251-26-004707",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1593547/000204825126004707/0002048251-26-004707-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001099263-26-007244",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/810893/000109926326007244/0001099263-26-007244-index.htm"
    }
  ]
}