# Portfolio overlap — CPSIX vs EXCPX Comparing **CHANNEL INCOME FUND** (2026-03-31) and **Unconstrained Bond Series** (2026-03-31). - Shared positions: 1 - CHANNEL INCOME FUND covered by Unconstrained Bond Series: 0.04035307834134362822173919468 - Unconstrained Bond Series covered by CHANNEL INCOME FUND: 0.04035307834134362822173919468 ## CHANNEL INCOME FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.109214 | ✓ | | GNW V0 11/15/36 | 0.068333 | | | United Airlines Pass-Through Trust, Series 2019-2, Class A | 0.053351 | | | JetBlue 2020-1 Class B Pass-Through Trust | 0.053304 | | | AMERN AIRLINE 16-2 A PTT REGD SER A 3.65000000 | 0.043964 | | | PARA V6.375 03/30/62 | 0.040635 | | | AMER ELEC PWR | 0.040096 | | | SEMPRA | 0.038632 | | | BLUE OWL CREDIT | 0.038337 | | | PHILLIPS 66 CO | 0.038261 | | | GOLDMAN SACHS GP | 0.037582 | | | GEO GRP. INC/THE 10.25% | 0.035528 | | | ET V6.5 PERP H | 0.033250 | | | SPIRIT AIR 2015- | 0.030167 | | | APA CORP | 0.028509 | | | SYNOVUS BANK GA | 0.027517 | | | ALLY FINL. INC F2V | 0.027502 | | | ACTIVISION BLIZZ | 0.025560 | | | OCCIDENTAL PETE | 0.025466 | | | AMERICAN AIRLINES 2017-1 CLASS PASS THRU CE 08/30 4 | 0.022844 | | | EDISON INTL | 0.022592 | | | BANK OF AMER CRP | 0.022217 | | | AT&T INC | 0.022006 | | | ARES CAPITAL COR | 0.021347 | | | OVINTIV INC | 0.017573 | | | FIRST HORIZON | 0.016919 | | | WESTERN MIDSTRM | 0.016382 | | | American Airlines Pass-Through Trust, Series 2016-1, Class A | 0.014907 | | | PHILIP MORRIS IN | 0.011039 | | | KEYBANK NATL ASSN 3.9% 04/13/2029 | 0.010836 | | | MONEYMKT | 0.006131 | | ## Unconstrained Bond Series — top positions | Security | Weight | Shared | |----------|--------|--------| | US TREASURY N/B | 0.058755 | | | US TREASURY N/B | 0.050076 | | | DREY-GVT CSH-I | 0.047149 | | | US TREASURY N/B | 0.043140 | | | US TREASURY N/B | 0.040353 | ✓ | | ARBOR REALTY TRUST INC REGD 5.00000000 | 0.011911 | | | US TREASURY N/B | 0.011412 | | | NRG 7.467 07/31/28 | 0.011030 | | | Cloud Capital Holdco LP, Series 2024-1A, Class A2 | 0.010454 | | | SLM STUDENT LOAN TRUST 2012-7 SER 2012-7 CL A3 V/R 4.63867000 | 0.010033 | | | Morgan Stanley Residential Mortgage Loan Trust 2021-4 | 0.009803 | | | GCAT Trust, Series 2022-NQM3, Class A1 | 0.009494 | | | ECMC Group Student Loan Trust 4.92419 11/25/2074 | 0.009487 | | | Freddie Mac Pool | 0.009245 | | | Fannie Mae Pool | 0.008849 | | | IMPERIAL FUND MORTGAGE TRUST 2022-NQM4 A1 4.767% 06/25/2067 144A | 0.008650 | | | FN MA4841 | 0.008648 | | | HORZN 2024-1 A 144A 5.375% 09-15-49 | 0.008611 | | | Fontainebleau Miami Beach Mortgage Trust, Series 2024-FBLU, Class A | 0.008524 | | | NRZT 2022-NQM2 A1 | 0.008463 | | | JP Morgan Mortgage Trust 2021-5 | 0.008418 | | | SBA TOWER TRUST REGD 144A P/P 6.59900000 | 0.007890 | | | GS Mortgage-Backed Securities Trust 2022-PJ3 | 0.007887 | | | LEDN 2026-1A A 144A 6.748% 02-25-41 | 0.007623 | | | FEDERAL NATIONAL MORTGAGE ASSOCIATION | 0.007505 | | | Freddie Mac Pool | 0.007432 | | | Centersquare Issuer LLC, Series 2024-1A, Class A2 | 0.007384 | | | COLT Mortgage Loan Trust, Series 2021-4, Class A1 | 0.006606 | | | BX Trust, Series 2024-VLT4, Class A | 0.006436 | | | IMPRL 2022-NQM2 A1 | 0.006431 | | | INTERNATIONAL SEAWAYS INC 7.125% 09/23/2030 | 0.006418 | | | FR RB5264 | 0.006352 | | | OASIS 2024-1A A | 0.006332 | | | SLM Student Loan Trust 4.93867 09/25/2028 | 0.006290 | | | DNFRA 2021-1A A | 0.006207 | | | FIP Master Funding LLC | 0.006179 | | | WESTJET LOYALTY LP TERM LOAN B | 0.006030 | | | USQ RAIL II LLC STEAM 2021-3 A | 0.006005 | | | Contships Logistics Corp | 0.005990 | | | Eagle Funding LuxCo S.a.r.l. | 0.005902 | | | PEAR 2023-1 LLC | 0.005815 | | | J.P. Morgan Mortgage Trust 2022-INV3 | 0.005806 | | | Deephaven Residential Mortgage Trust, Series 2021-3, Class A1 | 0.005759 | | | SUA 2025-1 LLC SUA 2025-1 A | 0.005717 | | | ACG Holdco 1 PLC | 0.005685 | | | OXFORD FIN LLC/CO ISS II SR UNSECURED 144A 02/27 6.375 | 0.005660 | | | ADC 2021-1A A2 | 0.005657 | | | ALLO ISSUER LLC ALLO 2023-1A A2 | 0.005627 | | | Pelorus Fund REIT LLC | 0.005519 | | | GGAMMT 2025-1A A 144A 5.923% 09-30-60 | 0.005510 | | ## Sources - N-PORT (fund A) — accession `0000910472-26-008679` (as of 2026-03-31) - N-PORT (fund B) — accession `0000940400-26-021771` (as of 2026-03-31) --- _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._ _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._ _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. See _