# Portfolio overlap — BAFZX vs JMUAX Comparing **Brown Advisory Mortgage Securities Fund** (2026-03-31) and **Janus Henderson Multi-Sector Income Fund** (2026-03-31). - Shared positions: 7 - Brown Advisory Mortgage Securities Fund covered by Janus Henderson Multi-Sector Income Fund: 0.09593197451469939933164433391 - Janus Henderson Multi-Sector Income Fund covered by Brown Advisory Mortgage Securities Fund: 0.09593197451469939933164433391 ## Brown Advisory Mortgage Securities Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | U.S. Treasury Bills | 0.076032 | | | FNCL 2 4/26 | 0.070820 | | | FRST AM-GV OB-Z | 0.034419 | | | FNCL 3 4/26 | 0.030266 | ✓ | | FNCL 3.5 4/26 | 0.024091 | ✓ | | FNCL 4.5 4/26 | 0.022930 | ✓ | | FNCL 5 4/26 | 0.014519 | ✓ | | FNCL 4 4/26 | 0.013134 | ✓ | | Freddie Mac Pool | 0.011679 | | | VZMT 2024-5 A 144A 5.0% 06-21-32 | 0.008791 | | | UMBS, 30 Year | 0.008405 | | | FN CB3103 | 0.008276 | | | G2 MA8348 | 0.008240 | | | FNMA POOL FS0348 FN 01/52 FIXED VAR | 0.008219 | | | Fannie Mae Pool | 0.008156 | | | FR RA5286 | 0.008084 | | | FR RA7784 | 0.008011 | | | FR RA5971 | 0.007910 | | | Fannie Mae Pool | 0.007830 | | | Fannie Mae Pool | 0.007789 | | | FNCL UMBS 2.0 CB2789 02-01-52 | 0.007658 | | | Fannie Mae Pool | 0.007648 | | | FNCL UMBS 2.5 FS4862 10-01-51 | 0.007645 | | | FNCL UMBS 2.0 BV4128 03-01-52 | 0.007611 | | | Fannie Mae Pool | 0.007577 | | | Fannie Mae Pool | 0.007557 | | | Freddie Mac Pool | 0.007539 | | | FNMA POOL MB0291 FN 12/54 FIXED 5 | 0.007408 | | | FNMA UMBS, 30 Year | 0.007407 | | | Freddie Mac Pool | 0.007384 | | | Uniform Mortgage-Backed Securities | 0.007288 | | | UMBS, 30 Year | 0.007277 | | | Freddie Mac Pool | 0.007220 | | | G2 MA7312 | 0.007180 | | | FNMA UMBS, 30 Year | 0.007169 | | | FREDDIE MAC POOL FR SD3475 | 0.007137 | | | Fannie Mae Pool | 0.007083 | | | Freddie Mac Pool | 0.006958 | | | Fannie Mae Pool | 0.006697 | | | FREDDIE MAC POOL FR SD0846 | 0.006387 | | | FN CB2548 | 0.006315 | | | FNMA 30YR 2.5% 01/01/2052#CB2539 | 0.006221 | | | FN FS8791 | 0.006198 | | | FNMA UMBS, 30 Year | 0.006191 | | | FR SD8200 | 0.006131 | | | Fannie Mae Pool | 0.005993 | | | AUTONATION FINANCE TRUST 2026 1 | 0.005971 | | | Uniform Mortgage-Backed Securities | 0.005963 | | | DRVPNK 2026-1A A4 | 0.005860 | | | Freddie Mac Pool | 0.005822 | | ## Janus Henderson Multi-Sector Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FNCL 5.5 4/26 | 0.037551 | | | Janus Henderson Cash Liquidity Fund LLC | 0.031372 | | | Janus Henderson Emerging Markets Debt Hard Currency ETF | 0.030371 | | | FNCL 4.5 4/26 | 0.023456 | ✓ | | US ULTRA BOND CBT Sep25 | 0.023301 | ✓ | | FNCL 3.5 4/26 | 0.023098 | ✓ | | FNCL 3 4/26 | 0.021886 | ✓ | | FNCL 5 4/26 | 0.019822 | ✓ | | FNCL 6 4/26 | 0.017892 | | | FNCL 4 4/26 | 0.010742 | ✓ | | G2SF 3.5 5/25 | 0.010497 | | | Janus Henderson Cash Collateral Fund LLC | 0.008920 | | | BCC 2023-3A A1R | 0.007263 | | | MDPK 2025-73A A1 | 0.006707 | | | CIFC Funding Ltd., Series 2019-7A, Class A1R | 0.005806 | | | STACR 2021-HQA3 B2 | 0.004869 | | | BSP 2022-28A AR | 0.004666 | | | NZES 2025-FHT1 A 144A 6.545% 03-25-32 | 0.004620 | | | STACR 2021-DNA7 B1 | 0.004610 | | | CEDF 2021-14A AR | 0.004418 | | | SUN V7.875 PERP 144A | 0.004200 | | | FN FA2021 | 0.004183 | | | Magnetite XLIV Ltd | 0.004165 | | | LEIA FINCO US TL 1L 10/9/2031 | 0.003847 | | | CGMS 2017-2A AR2 | 0.003792 | | | GRNT 8.875 11/05/29 | 0.003725 | | | TEP 6.75 03/15/34 144A | 0.003641 | | | Humana Inc | 0.003618 | | | BLP Commercial Mortgage Trust, Series 2025-IND2, Class E | 0.003503 | | | ALPHA GENERATION LLC REGD 144A P/P 6.25000000 | 0.003478 | | | BSP 2025-43A A | 0.003457 | | | Jane Street Group / JSG Finance Inc. | 0.003399 | | | CEDF 2018-9A AR | 0.003383 | | | ITT HOLDINGS LLC SR UNSECURED 144A 08/29 6.5 | 0.003365 | | | FNMA Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B1 | 0.003265 | | | Switch ABS Issuer LLC, Series 2026-1A, Class A21 | 0.003238 | | | SFARM 2025-1A A2 | 0.003217 | | | STACR 2021-HQA4 B1 12/41 | 0.003204 | | | STACR 2021-HQA4 B2 | 0.003168 | | | WHITE CAP BUYER LLC 2026 INCREMENTAL TERM LOAN B | 0.003154 | | | MDPK 2024-66A A2 | 0.003141 | | | HESS MIDSTREAM PARTNERS LP 4.25% 02/15/2030 144A | 0.003138 | | | Dryden 37 Senior Loan Fund | 0.003039 | | | OAKC 2021-8A A2R | 0.003037 | | | AMCX 10.5 07/15/32 144A | 0.003034 | | | FR RJ3069 | 0.003019 | | | Cloud Software Group Inc | 0.003014 | | | FNCL 2.5 4/26 | 0.002922 | ✓ | | Barings Loan Partners CLO Ltd., Series LP-5A, Class A | 0.002915 | | | NCLH 5.875 01/15/31 144A | 0.002910 | | ## Sources - N-PORT (fund A) — accession `0000894189-26-016027` (as of 2026-03-31) - N-PORT (fund B) — accession `0000277751-26-000160` (as of 2026-03-31) --- _Informational only — not investment advice. 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