# Portfolio overlap — FISAX vs NBOS

Comparing **Franklin Low Duration U.S. Government Securities Fund** (2026-01-31) and **Neuberger Berman Option Strategy ETF** (2026-02-28).

- Shared positions: 2
- Franklin Low Duration U.S. Government Securities Fund covered by Neuberger Berman Option Strategy ETF: 0.05787722136709661310385745342
- Neuberger Berman Option Strategy ETF covered by Franklin Low Duration U.S. Government Securities Fund: 0.05787722136709661310385745342

## Franklin Low Duration U.S. Government Securities Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| US TREASURY N/B | 0.054989 |  |
| US TREASURY N/B | 0.050005 |  |
| US TREASURY N/B | 0.041474 |  |
| FNMA | 0.034981 |  |
| Franklin Institutional US Government Money Market Fund | 0.031726 |  |
| US TREASURY N/B | 0.030307 | ✓ |
| FN MA4979 | 0.029197 |  |
| US TREASURY N/B | 0.027705 |  |
| US TREASURY N/B | 0.027570 | ✓ |
| FNMA | 0.021458 |  |
| FNMA, Series 2021-8, Class YF | 0.019087 |  |
| FHLMC, Series 4915, Class FE | 0.016219 |  |
| FHLMC | 0.015549 |  |
| FNMA | 0.014193 |  |
| FNMA, Series 2019-59, Class BF | 0.012189 |  |
| FHLMC, Series 4891, Class AF | 0.012141 |  |
| FHLMC, Series 4895, Class GF | 0.011883 |  |
| FHLMC | 0.011340 |  |
| Freddie Mac Multifamily Structured Pass Through Certificates | 0.010442 |  |
| Uniform Mortgage-Backed Securities | 0.010139 |  |
| Freddie Mac REMICS Floating Rate, Due 08/15/2040 | 0.010079 |  |
| FNMA, Series 2021-36, Class YF | 0.009862 |  |
| FREDDIE MAC NON GOLD POOL FH 841089 | 0.009792 |  |
| FNMA, Series 2021-44, Class FA | 0.009590 |  |
| Freddie Mac Non Gold Pool | 0.009228 |  |
| FHLMC | 0.009181 |  |
| FNMA | 0.009053 |  |
| FHLMC | 0.008953 |  |
| FNMA | 0.008506 |  |
| FNMA | 0.008336 |  |
| FNMA, Series 2019-38, Class AF | 0.008131 |  |
| G2 MB0486 | 0.008044 |  |
| FHLMC, Series 4988, Class AF | 0.007996 |  |
| Freddie Mac Multifamily Structured Pass Through Certificates | 0.007453 |  |
| FREDDIE MAC NON GOLD POOL FH 841090 | 0.007257 |  |
| FHLMC, STRIPS, Series 343, Class F4 | 0.007199 |  |
| Freddie Mac REMICS | 0.007056 |  |
| Freddie Mac REMICS Floating Rate, Due 08/15/2038 | 0.006701 |  |
| Freddie Mac Multifamily Structured Pass Through Certificates | 0.006269 |  |
| FNMA, Series 2024-105, Class FC | 0.006268 |  |
| FNMA, Series 2020-54, Class WF | 0.006243 |  |
| US TREASURY N/B | 0.005906 |  |
| FNMA, Series 2024-103, Class FB | 0.005522 |  |
| FNMA | 0.005455 |  |
| FNMA | 0.005267 |  |
| FNMA, Series 2025-55, Class FG | 0.005152 |  |
| FNMA, Series 2025-59, Class FD | 0.005124 |  |
| FNMA | 0.004941 |  |
| Freddie Mac REMICS | 0.004934 |  |
| Freddie Mac REMICS | 0.004917 |  |

## Neuberger Berman Option Strategy ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| US TREASURY N/B | 0.141262 |  |
| US TREASURY N/B | 0.137553 |  |
| US TREASURY N/B | 0.132793 |  |
| US TREASURY N/B | 0.129708 |  |
| US TREASURY N/B | 0.126070 | ✓ |
| US TREASURY N/B | 0.120942 |  |
| US TREASURY N/B | 0.117736 |  |
| US TREASURY N/B | 0.062290 | ✓ |
| State Street Navigator Securities Lending Portfolio II | 0.030558 |  |
| SPDR S&P 500 ETF Trust | 0.001089 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-007559` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/809707/000207169126007559/0002071691-26-007559-index.htm>
- N-PORT (fund B) — accession `0001410368-26-040135` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1506001/000141036826040135/0001410368-26-040135-index.htm>

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