# Portfolio overlap — IBND vs PICB

Comparing **SPDR(R) Bloomberg International Corporate Bond ETF** (2026-03-31) and **Invesco International Corporate Bond ETF** (2026-04-30).

- Shared positions: 54
- SPDR(R) Bloomberg International Corporate Bond ETF covered by Invesco International Corporate Bond ETF: 0.05044007741218539596607346248
- Invesco International Corporate Bond ETF covered by SPDR(R) Bloomberg International Corporate Bond ETF: 0.05044007741218539596607346249

## SPDR(R) Bloomberg International Corporate Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| State Street Navigator Securities Lending Portfolio II | 0.005171 |  |
| ANHEUSER BUSCH INBEV SA NV 2% 03/17/2028 REGS | 0.003253 |  |
| JPMorgan Chase & Co. | 0.002770 |  |
| UBS Group AG | 0.002587 |  |
| NTT Finance Corp | 0.002533 |  |
| JPMorgan Chase & Co | 0.002529 |  |
| ANHEUSER BUSCH INBEV SA NV | 0.002404 |  |
| Bank of America Corp | 0.002367 |  |
| MORGAN STANLEY 3.955%/VAR 03/21/2035 | 0.002300 |  |
| BANCO SANTANDER SA 3.25%/VAR 04/02/2029 REGS | 0.002254 |  |
| CREDIT AGRICOLE SA | 0.002250 |  |
| Morgan Stanley 0.50 02/07/2031 | 0.002234 |  |
| Goldman Sachs Group, Inc. (The) | 0.002201 |  |
| UBS GROUP AG 3.25%/VAR 02/12/2034 REGS | 0.002165 |  |
| JOHNSON&JOHNSON | 0.002137 |  |
| BANCO SANTANDER SA | 0.002114 |  |
| MORGAN STANLEY 0.495%/VAR 10/26/2029 | 0.002099 |  |
| MORGAN STANLEY 5.789%/VAR 11/18/2033 | 0.002046 |  |
| Banco Santander SA | 0.002037 |  |
| UBS GROUP AG 4.125%/VAR 06/09/2033 REGS | 0.002032 |  |
| WELLS FARGO CO | 0.002025 |  |
| MORGAN STANLEY 3.79%/VAR 03/21/2030 | 0.002023 |  |
| CREDIT AGRICOLE SA | 0.002010 |  |
| CITIGROUP INC | 0.002008 |  |
| ING GROEP NV 3.5%/VAR 09/03/2030 REGS | 0.002004 |  |
| LVMH Moet Hennessy Louis Vuitton SE 3.50 09/07/2033 | 0.002002 | ✓ |
| AT&T Inc | 0.001999 |  |
| HSBC HOLDINGS PLC 3.445%/VAR 09/25/2030 REGS | 0.001997 |  |
| HSBC HOLDINGS PLC 3.313%/VAR 05/13/2030 REGS | 0.001994 |  |
| VOLKSWAGEN INTFN | 0.001989 |  |
| Novo Nordisk Finance Netherlands BV | 0.001979 |  |
| Novartis Finance SA | 0.001979 |  |
| MORGAN STANLEY 4.656%/VAR 03/02/2029 | 0.001976 |  |
| BNP Paribas SA | 0.001972 |  |
| GOLDMAN SACHS GROUP INC (THE) 3.5%/VAR 01/23/2033 REGS | 0.001972 |  |
| BANK OF AMERICA CORP EUR REG S SR UNSEC 3.648% 03-31-29/28 | 0.001971 |  |
| Societe Generale SA | 0.001969 |  |
| Alphabet, Inc. | 0.001968 |  |
| ANHEUSER BUSCH INBEV SA NV | 0.001960 |  |
| Kering SA | 0.001956 | ✓ |
| GOLDMAN SACHS GROUP INC (THE) VAR 08/17/2033 REGS | 0.001955 |  |
| Goldman Sachs Group Inc/The | 0.001947 |  |
| Mercedes-Benz Group AG | 0.001932 |  |
| CAN IMPERIAL BK | 0.001922 |  |
| CREDIT AGRICOLE SA LONDON | 0.001916 |  |
| BANQUE FEDERATIVE DU CREDIT MUTUEL SA | 0.001915 |  |
| Verizon Communications Inc | 0.001911 |  |
| BANCO SANTANDER SA 0.2% 02/11/2028 REGS | 0.001905 |  |
| Societe Generale SA | 0.001901 |  |
| International Business Machines Corp. | 0.001900 |  |

## Invesco International Corporate Bond ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NTT Finance Corp., Series 18 | 0.006582 |  |
| Toronto-Dominion Bank/The | 0.006223 |  |
| Toronto-Dominion Bank/The | 0.005802 |  |
| ROYAL BK CANADA | 0.005772 |  |
| BANK OF MONTREAL | 0.005755 |  |
| BANK OF MONTREAL | 0.005708 |  |
| BANK OF MONTREAL QUE 3.19% 03/01/2028 | 0.005635 |  |
| Enel Finance International N.V. | 0.005158 |  |
| CAN IMPERIAL BK | 0.004913 |  |
| ROYAL BANK OF CANADA 4.612% 07/26/2027 | 0.004903 |  |
| Toronto-Dominion Bank/The | 0.004805 |  |
| BANK OF MONTREAL QUE 5.039% 05/29/2028 | 0.004650 |  |
| Bank of Nova Scotia/The | 0.004645 |  |
| Bank of Montreal 4.42 07/17/2029 | 0.004619 |  |
| ROYAL BK CANADA | 0.004609 |  |
| Toronto-Dominion Bank/The | 0.004541 |  |
| Bank of Montreal | 0.004517 |  |
| E.ON International Finance B.V. | 0.004269 |  |
| E.ON International Finance B.V. | 0.004105 |  |
| COOPERATIEVE RABOBANK UA | 0.004089 |  |
| Invesco Government & Agency Portfolio, Institutional Class | 0.004059 |  |
| National Bank of Canada | 0.004040 |  |
| Heathrow Funding Ltd | 0.003953 |  |
| CAN IMPERIAL BK | 0.003884 |  |
| E.ON International Finance B.V. | 0.003866 |  |
| CDP Financial Inc | 0.003859 |  |
| Lloyds Bank PLC | 0.003782 | ✓ |
| Rogers Communications Inc | 0.003740 |  |
| Credit Agricole S.A. | 0.003732 |  |
| STATOILHYDRO ASA | 0.003697 |  |
| THFC Funding No 3 PLC | 0.003685 | ✓ |
| Vattenfall AB | 0.003623 |  |
| Norway Government Bond, Series 480 | 0.003596 |  |
| HSBC Holdings PLC | 0.003589 |  |
| Sweden Government Bond | 0.003566 |  |
| E.ON INTERNATIONAL FINANCE BV | 0.003563 |  |
| Commonwealth Bank of Australia | 0.003550 |  |
| GDF SUEZ | 0.003537 | ✓ |
| National Bank of Canada | 0.003512 |  |
| NTT Finance Corp., Series 17 | 0.003489 |  |
| BNP Paribas | 0.003439 |  |
| Toronto-Dominion Bank/The | 0.003429 |  |
| BNP Paribas SA | 0.003399 |  |
| Credit Agricole SA | 0.003391 |  |
| Sweden Government Bond | 0.003387 |  |
| Westpac Banking Corp | 0.003365 | ✓ |
| Credit Agricole SA | 0.003347 |  |
| Federation des caisses Desjardins du Quebec | 0.003253 |  |
| Bell Telephone Co of Canada or Bell Canada | 0.003231 |  |
| Intesa Sanpaolo S.p.A. | 0.003213 |  |


## Sources

- N-PORT (fund A) — accession `0001410368-26-055495` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1064642/000141036826055495/0001410368-26-055495-index.htm>
- N-PORT (fund B) — accession `0001378872-26-001124` (as of 2026-04-30)
  <https://www.sec.gov/Archives/edgar/data/1378872/000137887226001124/0001378872-26-001124-index.htm>

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