# Portfolio overlap — CPII vs VCMDX

Comparing **American Beacon Ionic Inflation Protection ETF** (2026-01-31) and **VANGUARD COMMODITY STRATEGY FUND** (2026-01-31).

- Shared positions: 8
- American Beacon Ionic Inflation Protection ETF covered by VANGUARD COMMODITY STRATEGY FUND: 0.2531907536132032690937676229
- VANGUARD COMMODITY STRATEGY FUND covered by American Beacon Ionic Inflation Protection ETF: 0.2531907536132032690937676229

## American Beacon Ionic Inflation Protection ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | 0.132901 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 | 0.131433 | ✓ |
| U.S. Treasury Notes | 0.126712 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  07/15/2026 | 0.125293 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 10/15/2026 | 0.125171 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.124834 | ✓ |
| U.S. Treasury Inflation-Protected Security 0.375%, due 01/15/27 | 0.115426 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 | 0.100094 | ✓ |
| American Beacon U.S. Government Money Market Fund | 0.013338 |  |
| USD-SOFR-OIS Compound---20350226 | 0.002874 |  |
| USD P ZAR C @16.70000 EO | 0.001085 |  |
| ZOETIS INC CFD | 0.000814 |  |
| Collateral Position | 0.000024 |  |

## VANGUARD COMMODITY STRATEGY FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Vanguard Market Liquidity Fund | 0.101701 |  |
| U.S. Treasury Bills | 0.047877 |  |
| U.S. Treasury Inflation-Linked Notes | 0.040625 |  |
| U.S. Treasury Notes | 0.040420 |  |
| U.S. Treasury Inflation-Protected Indexed Notes | 0.039177 |  |
| US ULTRA BOND CBT Sep25 | 0.038171 |  |
| U.S. Treasury Notes | 0.038013 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2.375% 10/15/2028 | 0.037611 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-5/8% 10/15/27 | 0.036181 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1.250 04/15/2028 | 0.035330 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 04/15/2027 | 0.035165 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 10/15/2026 | 0.034701 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .125 07/15/2030 | 0.033782 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/2% 01/15/2028 | 0.031894 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/8% 07/15/2027 | 0.031431 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8%  07/15/2026 | 0.030869 | ✓ |
| U.S. Treasury Notes 0.125%, Due 1/15/2030 | 0.030811 |  |
| U.S. Treasury Bills | 0.029336 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-3/4% 07/15/2028 | 0.027879 |  |
| U.S. Treasury Inflation-Protected Security 0.375%, due 01/15/27 | 0.027843 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .25%  07/15/29 | 0.027721 |  |
| U.S. Treasury Notes | 0.025108 | ✓ |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .875% 01/15/2029 | 0.023986 |  |
| U.S. Treasury Bills | 0.023899 |  |
| WIB 0 03/19/26 | 0.017367 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-7/8% 04/15/29 | 0.016989 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 0-1/8% 01/15/2031 | 0.015796 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 3-5/8% 04/15/28 | 0.014363 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2-3/8% 01/15/27 | 0.014295 |  |
| U.S. Treasury Bills | 0.014007 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 1-3/4% 01/15/28 | 0.013516 |  |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES 2-1/2% 01/15/29 | 0.012812 |  |
| U.S. Treasury Bills | 0.005781 |  |
| U.S. Treasury Bills | 0.005547 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-034094` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1096012/000141036826034094/0001410368-26-034094-index.htm>
- N-PORT (fund B) — accession `0000313850-26-000065` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/313850/000031385026000065/0000313850-26-000065-index.htm>

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