{
  "page": "compare",
  "query": {
    "a": "IVSIX",
    "b": "FPNIX"
  },
  "retrieved_at": "2026-07-07T18:47:35+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": "Nomura Global Bond Fund",
    "ticker": "IVSIX",
    "slug": "IVSIX",
    "series_id": "S000024837",
    "html_url": "https://fundwatcher.app/funds/IVSIX/"
  },
  "fund_b": {
    "name": "FPA New Income Fund",
    "ticker": "FPNIX",
    "slug": "FPNIX",
    "series_id": "S000080693",
    "html_url": "https://fundwatcher.app/funds/FPNIX/"
  },
  "overlap": {
    "coverage_a_by_b": "0.07080899289476986527167127248",
    "coverage_b_by_a": "0.07080899289476986527167127248",
    "shared_count": 1,
    "as_of": {
      "a": "2026-03-31",
      "b": "2026-03-31"
    },
    "a_top": [
      {
        "name": "US TREASURY N/B",
        "value": "28239700.00",
        "weight": "0.07080899",
        "shared": true
      },
      {
        "name": "SPANISH GOV'T",
        "value": "19287511.59",
        "weight": "0.04836203",
        "shared": false
      },
      {
        "name": "International Bank for Reconstruction & Development",
        "value": "15626841.38",
        "weight": "0.03918317",
        "shared": false
      },
      {
        "name": "International Bank for Reconstruction & Development",
        "value": "11589448.54",
        "weight": "0.02905970",
        "shared": false
      },
      {
        "name": "JAPAN GOVT 30-YR",
        "value": "9451402.22",
        "weight": "0.02369870",
        "shared": false
      },
      {
        "name": "New Zealand Parliament",
        "value": "9205260.90",
        "weight": "0.02308152",
        "shared": false
      },
      {
        "name": "FN MA4305",
        "value": "6201410.32",
        "weight": "0.01554959",
        "shared": false
      },
      {
        "name": "NETHERLANDS GOVT",
        "value": "5585579.72",
        "weight": "0.01400543",
        "shared": false
      },
      {
        "name": "JAPAN GOVT 30-YR",
        "value": "5354682.15",
        "weight": "0.01342648",
        "shared": false
      },
      {
        "name": "SPANISH GOV'T",
        "value": "5337056.88",
        "weight": "0.01338228",
        "shared": false
      },
      {
        "name": "INTERNATIONAL BANK FOR         RECONSTRUCTION & DEVELOPMENT   /CNH/ EMTN 2.50000000",
        "value": "5294958.50",
        "weight": "0.01327672",
        "shared": false
      },
      {
        "name": "UNITED KINGDOM GILT GBP REG S 4.75% 10-22-35",
        "value": "5258635.44",
        "weight": "0.01318565",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "5206155.07",
        "weight": "0.01305406",
        "shared": false
      },
      {
        "name": "SPANISH GOV'T",
        "value": "4217558.09",
        "weight": "0.01057522",
        "shared": false
      },
      {
        "name": "Segretariato Generale Della Presidenza Della Repubblica",
        "value": "3907381.16",
        "weight": "0.00979747",
        "shared": false
      },
      {
        "name": "GERMANY FEDERAL REPUBLIC OF 2.6% 08/15/2035 REGS",
        "value": "3828610.81",
        "weight": "0.00959996",
        "shared": false
      },
      {
        "name": "FNMA 30YR 5% 03/01/2056#MA5997",
        "value": "3642527.40",
        "weight": "0.00913337",
        "shared": false
      },
      {
        "name": "Republic of Austria Government Bonds",
        "value": "3503677.20",
        "weight": "0.00878522",
        "shared": false
      },
      {
        "name": "MORGAN STANLEY",
        "value": "3234292.90",
        "weight": "0.00810975",
        "shared": false
      },
      {
        "name": "UMBS, 30 Year",
        "value": "3178839.66",
        "weight": "0.00797071",
        "shared": false
      },
      {
        "name": "U.S. Secured Overnight Financing Rate",
        "value": "3145563.14",
        "weight": "0.00788727",
        "shared": false
      },
      {
        "name": "United Kingdom of Great Britain and Northern Ireland",
        "value": "3076138.50",
        "weight": "0.00771319",
        "shared": false
      },
      {
        "name": "UBS GROUP AG 0.65%/VAR 01/14/2028 REGS",
        "value": "3021068.71",
        "weight": "0.00757511",
        "shared": false
      },
      {
        "name": "ING GROEP NV 2.125%/VAR 05/26/2031 REGS",
        "value": "3005252.19",
        "weight": "0.00753545",
        "shared": false
      },
      {
        "name": "Fannie Mae Pool",
        "value": "2912443.23",
        "weight": "0.00730274",
        "shared": false
      },
      {
        "name": "Republic of Finland",
        "value": "2758015.66",
        "weight": "0.00691552",
        "shared": false
      },
      {
        "name": "JBS USA/FOOD/FIN",
        "value": "2657230.49",
        "weight": "0.00666281",
        "shared": false
      },
      {
        "name": "ITALY REPUBLIC OF 3.45% 07/15/2027 REGS",
        "value": "2564472.80",
        "weight": "0.00643023",
        "shared": false
      },
      {
        "name": "MORGAN STANLEY",
        "value": "2556685.43",
        "weight": "0.00641070",
        "shared": false
      },
      {
        "name": "FN MA4563",
        "value": "2463270.52",
        "weight": "0.00617647",
        "shared": false
      },
      {
        "name": "French Republic Government Bonds OAT",
        "value": "2457908.60",
        "weight": "0.00616303",
        "shared": false
      },
      {
        "name": "Fannie Mae Pool",
        "value": "2442935.08",
        "weight": "0.00612548",
        "shared": false
      },
      {
        "name": "JPMorgan Chase & Co",
        "value": "2388446.54",
        "weight": "0.00598886",
        "shared": false
      },
      {
        "name": "UBS Group AG",
        "value": "2371404.25",
        "weight": "0.00594612",
        "shared": false
      },
      {
        "name": "FNMA UMBS, 30 Year",
        "value": "2314246.10",
        "weight": "0.00580280",
        "shared": false
      },
      {
        "name": "Wells Fargo & Co",
        "value": "2275093.14",
        "weight": "0.00570463",
        "shared": false
      },
      {
        "name": "GOLDMAN SACHS GROUP INC (THE) 3.5%/VAR 01/23/2033 REGS",
        "value": "2267081.53",
        "weight": "0.00568454",
        "shared": false
      },
      {
        "name": "IRISH GOVT",
        "value": "2229849.62",
        "weight": "0.00559119",
        "shared": false
      },
      {
        "name": "UMBS, 30 Year",
        "value": "2214289.39",
        "weight": "0.00555217",
        "shared": false
      },
      {
        "name": "SPRINT CAP CORP",
        "value": "2178479.05",
        "weight": "0.00546238",
        "shared": false
      },
      {
        "name": "UNITED KINGDOM GILT GBP REG S 0.5% 10-22-61",
        "value": "2171142.11",
        "weight": "0.00544398",
        "shared": false
      },
      {
        "name": "JPMORGAN CHASE",
        "value": "2112674.06",
        "weight": "0.00529738",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "2106729.63",
        "weight": "0.00528247",
        "shared": false
      },
      {
        "name": "CDW LLC / CDW FIN CORP 3.276% 12/01/2028",
        "value": "2076219.00",
        "weight": "0.00520597",
        "shared": false
      },
      {
        "name": "G2 MA7472",
        "value": "2039056.62",
        "weight": "0.00511279",
        "shared": false
      },
      {
        "name": "BANK OF AMERICA CORPORATION 0.654%/VAR 10/26/2031 REGS",
        "value": "2021497.25",
        "weight": "0.00506876",
        "shared": false
      },
      {
        "name": "Freddie Mac Pool",
        "value": "1997954.63",
        "weight": "0.00500973",
        "shared": false
      },
      {
        "name": "Fannie Mae Pool",
        "value": "1951707.70",
        "weight": "0.00489377",
        "shared": false
      },
      {
        "name": "Bank of America Corp",
        "value": "1935767.45",
        "weight": "0.00485380",
        "shared": false
      },
      {
        "name": "FNMA 30YR 2.5% 02/01/2052#FS2660",
        "value": "1840396.92",
        "weight": "0.00461466",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "US TREASURY N/B",
        "value": "1005476979.38",
        "weight": "0.09126029",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "826024991.23",
        "weight": "0.07497265",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "810648947.19",
        "weight": "0.07357707",
        "shared": true
      },
      {
        "name": "US TREASURY N/B",
        "value": "360016690.05",
        "weight": "0.03267626",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "286497618.40",
        "weight": "0.02600343",
        "shared": false
      },
      {
        "name": "US TREASURY N/B",
        "value": "219096212.27",
        "weight": "0.01988587",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "207043535.46",
        "weight": "0.01879193",
        "shared": false
      },
      {
        "name": "U.S. Treasury Bills",
        "value": "115690364.84",
        "weight": "0.01050043",
        "shared": false
      },
      {
        "name": "PHI Group Inc COM",
        "value": "114002279.00",
        "weight": "0.01034721",
        "shared": false
      },
      {
        "name": "Zywave_Pfd Equity",
        "value": "108203034.24",
        "weight": "0.00982085",
        "shared": false
      },
      {
        "name": "FN FS1967",
        "value": "106873079.72",
        "weight": "0.00970014",
        "shared": false
      },
      {
        "name": "FORTRESS CREDIT OPPORTUNITIES IX CLO LTD",
        "value": "104171964.65",
        "weight": "0.00945498",
        "shared": false
      },
      {
        "name": "FHMS K096 A2",
        "value": "87486254.88",
        "weight": "0.00794053",
        "shared": false
      },
      {
        "name": "VZMT 2024-2 A 144A 4.83% 12-22-31",
        "value": "87067226.03",
        "weight": "0.00790250",
        "shared": false
      },
      {
        "name": "FORDF 2018-4 A",
        "value": "83364152.65",
        "weight": "0.00756640",
        "shared": false
      },
      {
        "name": "FHMS K095 A2",
        "value": "81020967.48",
        "weight": "0.00735372",
        "shared": false
      },
      {
        "name": "VERIZON MASTER TRUST VZMT 2023 6 A 144A",
        "value": "78821971.27",
        "weight": "0.00715413",
        "shared": false
      },
      {
        "name": "AMERICAN TOWER T",
        "value": "77751777.27",
        "weight": "0.00705700",
        "shared": false
      },
      {
        "name": "FHMS K754 A2",
        "value": "77183077.51",
        "weight": "0.00700538",
        "shared": false
      },
      {
        "name": "FN FS1680",
        "value": "75780590.26",
        "weight": "0.00687809",
        "shared": false
      },
      {
        "name": "SCE RECOVERY FUNDING LLC SR SECURED 03/36 4.453",
        "value": "73198856.25",
        "weight": "0.00664376",
        "shared": false
      },
      {
        "name": "FR RB5104",
        "value": "70515442.72",
        "weight": "0.00640021",
        "shared": false
      },
      {
        "name": "FN MA4473",
        "value": "69285414.02",
        "weight": "0.00628856",
        "shared": false
      },
      {
        "name": "FHMS K094 A2",
        "value": "68731923.35",
        "weight": "0.00623833",
        "shared": false
      },
      {
        "name": "FHMS K084 A2",
        "value": "68318181.70",
        "weight": "0.00620078",
        "shared": false
      },
      {
        "name": "GS Mortgage-Backed Securities Trust 2022-PJ5",
        "value": "66100820.81",
        "weight": "0.00599952",
        "shared": false
      },
      {
        "name": "Freddie Mac Non Gold Pool",
        "value": "65740750.14",
        "weight": "0.00596684",
        "shared": false
      },
      {
        "name": "GMREV 2024-1 A",
        "value": "65739863.16",
        "weight": "0.00596676",
        "shared": false
      },
      {
        "name": "Fannie Mae Pool",
        "value": "64966624.91",
        "weight": "0.00589658",
        "shared": false
      },
      {
        "name": "FHMS K081 A2",
        "value": "62270407.42",
        "weight": "0.00565186",
        "shared": false
      },
      {
        "name": "FHMS K751 A2",
        "value": "62140747.48",
        "weight": "0.00564009",
        "shared": false
      },
      {
        "name": "FR RB5110",
        "value": "61822609.91",
        "weight": "0.00561122",
        "shared": false
      },
      {
        "name": "Fannie Mae Pool",
        "value": "61725663.36",
        "weight": "0.00560242",
        "shared": false
      },
      {
        "name": "CNP 4.255 12/15/35 A-1",
        "value": "60040230.00",
        "weight": "0.00544944",
        "shared": false
      },
      {
        "name": "AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2024-3A CL A REGD 144A P/P 5.23000000",
        "value": "58635857.93",
        "weight": "0.00532198",
        "shared": false
      },
      {
        "name": "VIRGINIA POWER",
        "value": "58537230.00",
        "weight": "0.00531303",
        "shared": false
      },
      {
        "name": "TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2024-1 TALNT 2024-1A A",
        "value": "57868576.58",
        "weight": "0.00525234",
        "shared": false
      },
      {
        "name": "FR RB5113",
        "value": "57454585.74",
        "weight": "0.00521476",
        "shared": false
      },
      {
        "name": "FHMS K117 A2",
        "value": "55030542.95",
        "weight": "0.00499475",
        "shared": false
      },
      {
        "name": "TOYOTA AUTO LOAN EXTENDED NOTE TRUST 2022-1 3.82% 04/25/2035 144A",
        "value": "54347663.14",
        "weight": "0.00493277",
        "shared": false
      },
      {
        "name": "Cerberus Loan Funding XLIII LLC",
        "value": "52859128.31",
        "weight": "0.00479766",
        "shared": false
      },
      {
        "name": "Cerberus Loan Funding XLI LLC",
        "value": "51981575.04",
        "weight": "0.00471801",
        "shared": false
      },
      {
        "name": "FR RB5137",
        "value": "51443691.00",
        "weight": "0.00466919",
        "shared": false
      },
      {
        "name": "GMREV 2023-1 A 144A 5.12% 04-11-35",
        "value": "50800148.39",
        "weight": "0.00461078",
        "shared": false
      },
      {
        "name": "JP Morgan Mortgage Trust 2021-13",
        "value": "50228507.46",
        "weight": "0.00455890",
        "shared": false
      },
      {
        "name": "FN FS9622",
        "value": "50124887.58",
        "weight": "0.00454949",
        "shared": false
      },
      {
        "name": "Fannie Mae REMICS",
        "value": "49745436.38",
        "weight": "0.00451505",
        "shared": false
      },
      {
        "name": "Avis Budget Rental Car Funding AESOP LLC",
        "value": "49530010.87",
        "weight": "0.00449550",
        "shared": false
      },
      {
        "name": "FN FS7700",
        "value": "48183320.05",
        "weight": "0.00437327",
        "shared": false
      },
      {
        "name": "GFORT 2024-2A A",
        "value": "48004536.71",
        "weight": "0.00435704",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000940400-26-022032",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/883622/000094040026022032/0000940400-26-022032-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001193125-26-245340",
      "as_of": "2026-03-31",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/924727/000119312526245340/0001193125-26-245340-index.htm"
    }
  ]
}